| Contents | |
|---|---|
| Charity information | t |
| lntroductionbyChief ExecutiveOfficer | 2 |
| Objects andactivities for the public benefit | 3 |
| Review oftheyear | 3-5 |
| Liam's Story | 5 |
| Celebratingsuccess | 6 |
| Ourstaff-Aday inthe lifeof Steve, Health & SafetyOfficer | 7 |
| Hopes andplansfor theyearahead | 8 |
| Financial results | 8 |
| Structure,governance and management | 9 |
| lmpactof Coronavirus | 10 |
| Statementoftrustees' responsibilities | Lt-72 |
| Report oftheindependent auditors | 73-L6 |
| ConsolidatedStatement ofFinancialActivities | L7 |
| Consolidated and CharityBalance Sheets | 18 |
| StatementofCash Flows | 19 |
| Notesto the financial statements | 20-29 |
| Ourimpact | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Project | N urnber of students/famllies/ |
Number Year |
of 11 |
o/oAchieving Level 1 |
%Leavingwith place in |
with improved |
|||
| professlonals | leavers | Quallfications | Education, | attendance | |||||
| supported | Employmentor | and | |||||||
| TraininR | encasement | ||||||||
| Engage | 7 | 3 | 7AO% | LOl% | t00% | ||||
| Post 16 | 5 | NA | NA | L00% | 100% | ||||
| Mentorlng | 37 | 5 | 95% | t00% | L00% | ||||
| Professlonals | 30 | NA | NA | NA | NA | ||||
| Tralned |
| Risk | Controls |
|---|---|
| School couldfailtomaintain 'Good' | Extensiveworkon curriculumtoimprove outcomes and |
| Ofstedjudgementat next inspection | evidence,Education GovernanceGroupmeetstermly |
| todiscuss progressandcompliancewithOfsted | |
| standards.TwicemonthlySchool meetingstakeplace; | |
| staffundergo observed teaching and feedback; system | |
| ofregularCPDinplace.Mock inspectionstakeplace | |
| involvingtrusteestoensure standards aremet. | |
| Difficulties recruiting andretaining | EstablishedZ-yeartralnlngprogrammeofaccredited |
| good quality staff limitscapacity | awards |
| lncreasedpay above lndustrylevelsacrosstheboard. | |
| lncreasedannual leaveentltlementto alevel | |
| comparablewlthcollegesofFE. | |
| Serioussafeguarding incidents could | Rlgoroussafeguardlng systems lnplacethroughoutthe |
| signlficantlyimpactreferralsand | organlsatlon.Allstaff tralnedwlthregularrefresher |
| potentlallycloseour provlslon | courses.Deslgnated SafeguardlngLeadappolntedand |
| deputleswlllbelnplaceand approprlatelytralned. | |
| Safeguardingtrusteelslnplace and regularstructured | |
| meetingstakeplace. | |
| Dellverycouldbecurtalledby staff/student infectlonwlththe |
Seebelowforcontrolsandcontingencles duetothe Coronavirus. |
| Coronavlrus |
| Notes | Total | Total | |||
|---|---|---|---|---|---|
| UnrestrictedRestricted | Funds | Funds | |||
| funds | funds | 2022 | 2021. | ||
| EE | E | f | |||
| lncomingresources | |||||
| lncomingresourcesfromgenerate:dfunds: | |||||
| Donations andsimilarsources | 4 | 5,271 | 5,271 | 208 | |
| Othertroding activities | |||||
| EmsworthOutboards | 33,205 | 33,205 | 97,773 | ||
| Choritobleoctivities: | |||||
| Grants receivedforactivities | 23,500 | 23,500 | 56,600 | ||
| Feeschargedforactivities | 1,724,45; | !,724,458 | 1,470,251 | ||
| lnvestmentincome | 4,380 | 4,390 | 6,532 | ||
| Total incomingresources | t,767,314 | 23,500 | !,790,914 | 'J.,631,364 | |
| Resourcesexpended | |||||
| Costsof generatingfunds | 68,181 | 68,1"81 | 72,952 | ||
| ChoritabIeoctiv itie s: | |||||
| Educationalactivities | 1,544,972 | 6',J,,370 | L,606,342 | 1,376,593 | |
| Totalresources expended | 1,613,153 | 67,370 | 'J,,674,523 | 1,449,435 | |
| Net movementin funds | 1.54,16L | (37,870) | '1,'1.6,297 | 787,929 | |
| Reconciliation offunds | |||||
| Total funds at1stAugust202t | 685,405 | 52,185 | 747,59t | 565,662 | |
| Totalfunds at31st August2022 | 839,556 | 24,3t6 | 863,882__l_4r,ssr | ||
| ChangesinResourcesAppliedforFixedAssets Net movementinfunds |
forCharityUse | LL6,291t81,929 | |||
| Netresources invested infixedassets | (72,361] | (2L6,L64) | |||
| Funded by reserves andother fundingsources | 43,930 | (34,235) |
| Notes | Group | Charity | |||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 202L | ||
| f | t | f | f | ||
| Fixed Assets | |||||
| lntangibleassets | 10 | ||||
| Tangibleassets | tt | 55L,4t6 | 520,617 | 544,267 | 572,770 |
| lnvestments | t2 | 30 | 30 | ||
| 55L,416 | 520,617 | 544,297 | 5L2,740 | ||
| Currentassets | |||||
| Stocks | 13 | L4,4L2 | 4,414 | 10,534 | 534 |
| Debtors | t4 | 109,582 | 60,852 | 739,!62 | L07,463 |
| Cashatbankand inhand | 467,792 | 45L,422 | 463,455 | 423,314 | |
| 591,785 | 516,588 | 513,151 | 531,311 | ||
| Creditors: Amountsfallingduewithinone | |||||
| year | 15 | (99,098) | (90,392) | (94,4961 | (81,531) |
| Netcurrentassets | 492,688 | 426,296 | 518,655 | 449,780 | |
| Totalassetslesscurrent liabilities | L,O44,Lo4 | 946,9t3 L,062,952 | 962,520 | ||
| Creditors:Amounts falling aftermorethan | |||||
| one year | 16 | l!80,2221 | (L99,3221 | (L8O,2221 | {.L99,3221 |
| NetAssets | 863,882 | 747,591 | 882,730 | 763,198 | |
| Thefunds ofthe charity: | |||||
| Restricted income funds | t7 | 24,376 | 62,L86 | 24,3L6 | 62,186 |
| Unrestricted income funds: | 17 | 839,565 | 585,405 | 858,474 | 7OL,O72 |
| Total charity funds | 853,882 | 747,59L | 882,730 | 763,L98 |
| STATEMENT OF CASHFLOWS ASAT31ST AUGUST2022 |
|||||
|---|---|---|---|---|---|
| Notes | 2022 E |
f | 2021 g.E |
||
| Cashflowfrom operating activities | 20 | 108,948 | 200,868 | ||
| Cashflow frominvestingactivities | |||||
| Paymentstoacquire tangible fixedassets | (74,4481 | (2t6,1641 | |||
| Receiptsfromsalesoftangible fixedassets | 5,650 | 6,189 | |||
| lnvestment incomereceived | 4,380 | 6,532 | |||
| (64,4181 | 1203,443) | ||||
| Netcashflow frominvestingactivities | |||||
| Cashflowfromfinancingactivities | |||||
| Repaymentoflongtermloans | (20,651) | 115,333 | |||
| lnterestpaid | (7,509) | (7,74L1 | |||
| Netcashflowfromfinancingactivities | (28,160) | 707,592 | |||
| Netincrease/(decrease)incashandcashequivalents | !6,370 | 105,0L7 | |||
| Cashandcashequivalents atlstSeptember2O2L | 45L,422 | 346,405 | |||
| Cashandcashequivalents at31stAugust2022 | 467,792 | 45t,422 |
| towriteoff thecostlessestimatedresidua | l valueofeachassetover its expectedusefullife,asfollo |
|---|---|
| Freehold buildings | equal annualinstalmentsover50years |
| Boats | equalannual instalmentsover5to10years |
| Plant and machinery | 25%on reducing balance |
| Motorvehicles | 25%onreducingbalance |
| Fixtures andoffice equipment | 25%onreducingbalance |
| 2022 | 2021. | |
|---|---|---|
| L | f | |
| lncome | 7,757,609 | 1,533,591 |
| Donations undergift-aidfromsubsidiary companies | (33,766) | 26,t4L |
| Othercharges madetosubsidiary companies | 325 | 651 |
| 1,724,1,69 | 1,560,393 | |
| Expenditure | 7,604,636 | t,375,777 |
| Net income/(expenditure) | L!9,532 | 185,206 |
| 4 | Donatlonsandslmllarlncome | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | 2022 | 2A2t | ||
| E,E | E | E | |||
| Donations | |||||
| Other donations | 5,27t | 5,27t | 208 | ||
| 5,271 | - |
5,271 | 2Og | ||
| 5 | Grants recelvedforactlvltles | ||||
| Unrestricted | Restricted | ||||
| funds | funds | 2A22 | 2021 | ||
| {: | |||||
| Covid Catch-up Grant | 9,600 | ||||
| Maurits MulderCanter Charity | 2,AOO | ||||
| Michael&Betty LittleTrust | 20,000 | ||||
| Oakmoor Trust | - | ,o,ooo | 20,00; | 25,000 | |
| Tabhair | - | 3,500 | 3,500 | ||
| 23,500 | 23,500 | 55,600 | |||
| 6 | lnvestmentlncome | ||||
| U nrestricted | Restricted | ||||
| funds | funds | 2022 | 2A2t | ||
| t | E | f | f | ||
| Bankinterest | 50 | 60 | 32 | ||
| Rentsreceived | 4,320 | 4,320 | 6,500 | ||
| 4,390 | 4,380 | 6,532 |
| 7 | Costsofralslngfunds | ||
|---|---|---|---|
| 2A22 | 2A2t | ||
| E | f | ||
| Emsworth Outboards | 67,522 | 77,962 | |
| Websiteandotherpromotionalcosts | 659 | 890 | |
| 68,181 | 72,952 |
| R THE YEAR ENDED31ST AUG Charitableactivities |
UST2022 | |||||
|---|---|---|---|---|---|---|
| Diiect '2022 |
costs 7-021 |
Support 2022 |
Costs 202t |
?.M2 | )o).1 | |
| [. | t. | fE | t: | I | ||
| Activitycostsand | ||||||
| equipment | 84,496 | 57,O37 | 84,496 | 5r,o37 | ||
| Boatcosts | 7,300 | 5,206 | 7,300 | 5,206 | ||
| Staff costsinc.training | t,o2o,245 | 895,481 | 178,532 | 'J.84,347 | 1,,1,98,777 | t,079,828 |
| Insurance | 15,393 | t2,172- | 1,,710 | L,352 | L7,tA3 | 1,3,524 |
| Propertycosts | 99,406 | 8L,540 | 99,405 | 81,540 | ||
| Officecosts | 8A,87 | 53,255 | 80,437 | 53,255 | ||
| Motorandtravelcosts | 42,472 | 36,!72 | 42,472 | 36,172 | ||
| Depreciation | 38,1.84 | 25,213 | 38,1.84 | 25,213 | ||
| (Profit)/lossonsaleofassets | (3,030) | (3,367) | (3,030) | (3,367) | ||
| Finance charges andinterest | 7,509 | 7,741" | 7,509 | 7,741, | ||
| Governancecosts | ||||||
| Staffcosts | 15,153 | L4,268 | 15,1-53 | 1.4,269 | ||
| Auditor's remuneration | 7,5L9 | 6,969 | 7,5t9 | 6,969 | ||
| Professional fees | g,7gg | 835 | 9,798 | 835 | ||
| Other governancecosts | L,21,8 | 4,362 | L,2L8 | 4,362 |
| 1,205,060__t,nt,gw _4O1,2 | U_1119991,6063n__ | U76,193_ | |
|---|---|---|---|
| Outgoing | resources includes: | ||
| Operating | leasepayments-property | 52,021 | 52,021 |
| -other | 2,L46 | 2,!46 |
| 2022 | 202L | |
|---|---|---|
| f | f | |
| Wages and salaries | 1,057,329 | 974,763 |
| Socialsecuritycosts | 88,260 | 8t,327 |
| Pensioncosts | 45,862 | 23,943 |
| t,LgL,45O | 1,080,033 |
| staff employedbythe groupduringtheyearwereasfollows: | ||
|---|---|---|
| 2022 | 202t | |
| No | No | |
| Operational | 33,37 | 31.38 |
| Support | 6.35 | 6.46 |
| ReleasingPotentialEnterprisesLtd | 2.OO | 0.50 |
| 41.72 | 38.34 | |
| The averagenumber of staff employedbythegroup(Headcount) | 49.67 | 43.50 |
| EASINGPOTENTIAL LIMITED ESTO THE FINANCIAL STATEMENTS THE YEARENDED 31ST AUGUST2022 ntanglbleflxedassets(group) |
24 | |
|---|---|---|
| Goodwill | Total | |
| f | E | |
| Cost | ||
| At1stSeptember 2O2land31st August2Ol2 | 16,000 | 16,000 |
| Amortisation | ||
| At1stSeptember 202L | 16,000 | 16,000 |
| Chargefor theyear | ||
| At31st August 2022 | 16,000 | 15,000 |
| Net book value | ||
| At31stAugust2O22 | ||
| At3lstAugust 2021 |
| Tanglbleflxedassets(grou | p) | p) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold& | Fixtures& | ||||||||
| Leasehold | Plant& | Motor | office | ||||||
| Property | Boats Machinery |
vehicles | equipment | Total | |||||
| €. | € | f | € | f | f" | ||||
| Cost | |||||||||
| At1stSeptember 202L | 51_6,873 | 32,577 | g2,6gt | 95,037 | 52,OL7 |
779,795 | |||
| Additions Disposals At31stAugust2022 |
- 5L6,873 |
3,800 69,g9g (70,778) lL,O26l 25,599757,563 |
750 (500) 95,297 |
- 52,017 - |
74,448 847,339 (72,3041 |
||||
| Depreciation | |||||||||
| At1stSeptember 202L | 48,034 | 30,423 | 60,1,62 | 77,435 |
42,524 | 259,579 | |||
| Chargefortheyear Eliminatedon disposals At3l.st August 2022 |
J | 9,890 57,924 |
760 22,929 (8,6241 8,6241 (6781 22,559 92,4t3 |
4,560 (382) gL,6L3 |
2,890 45,474 |
4L,029 2ggp23 |
|||
| Net book value | |||||||||
| At31st August 2022 | 458,949 | 3,040 | 59,150 | !3,674 | 5,603 | 557,416 | |||
| At31st August 2021 | 468,839 | 2,754 | 22,529 | 17,602 | 9,493 |
520,617 |
| angiblefixedassets(charit | y) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fixtures& | |||||||||
| Freehold | Plant & | Motor | office | ||||||
| Property | Boats | Machinery | vehicles | equipment | Total | ||||
| E | E | E | f | f | E | ||||
| Cost | |||||||||
| At1st September2021- | 509,446 | 32,577 | 75,691. |
85,037 | 5L,217 | 753,968 | |||
| Additions Disposals |
3,800 67,81_1 (10,7781 (1,026) |
750 (5oo) |
- - |
72,36L (L2,3041 |
|||||
| At31st August 2022 | 5O9,446 | 25,599 | 1,42,476 | 85,287 | 51,217 |
8L4,025 | |||
| Depreciation | |||||||||
| At1-stSeptember 202L | 43,480 | 30,423 | 55,677 | 69,954 | 41,724 | 241,259 | |||
| Chargefor theyear Eliminated on disposals |
8,829_ | 760 21,775 (8,6241 (678) |
3,930 (382) |
2,890 | 38,184 (9,684) |
||||
| At3Lst August 2022 | 52,309 | 22,559 | 76,774 | 73,502 | 44,61.4 | 269,758 | |||
| Net book value | |||||||||
| At31st August 2022 | 457,137 | 3,040 | 65,702 | 11,785 | 6,603 | 544,267 | |||
| At3Lst August 2021 | 465,966 | 2,L54 | 20,01.4 | 15,083 | 9,493 | 512,71.0 |
| Fixed assetinvestment-Charity | |||||
|---|---|---|---|---|---|
| 2022 | 202I | ||||
| Company | |||||
| Wholly ownedsubsidiary company | NumberShareholding | E | f: | ||
| ReleasingPotentialEnterprisesLtd | L06268t9Ordinarysharesoffl"each | 10 | 10 | ||
| Youth Coastal RowingLtd | L0486398Ordinarysharesoff1each | 10 | 10 | ||
| BeachExplorersLtd | LO513972OrdinarysharesoffLeach | 10 | 10 | ||
| 30 | 30 |
| Thesummaryfinancial performanceofthe trading | subsidiariesissetout | below: | ||
|---|---|---|---|---|
| ReleasingPotential | ||||
| Enterprises | Ltd | |||
| 2422 | 202L | |||
| Turnover | 33,205 | 97,773 | ||
| Costofsalesandadministrationcosts Chargespaid by(to) parent undertaking |
(36,1.21) (32s) |
(1"00,398) (5s1) |
||
| Netprofit | (3,2411_(3,276)_ | |||
| Amount gift-aidedtothe charity | ||||
| Retainedinthesubsidiary | (3,24L1 | (3,276l' | ||
| TangibleFixed assets | 7,L49 | 7,907 | ||
| Currentassets | 10,306 | 35,955 | ||
| Current liabilities Netassets |
(36,349) (18,894) (59,515) --@3I |
|||
| Aggregate sharecapitaland reserves | (18,894) | (15,653) | ||
| Stocl<s | ||||
| Group | Charity | |||
| 2022 | 2A2t | 2022 | 2021, | |
| fE | f | E | ||
| Goodsforresale | L4,412 | 4,4!4 | L0,534 | 534 |
| Debtors: amountsfalllngduewithlnoneyear | ||||
|---|---|---|---|---|
| Group 2022 |
2A2L | Charity 2022 |
2A2t | |
| f.E | fE | |||
| Operational debtors Amounts owedbygroup undertakings Other debtorsandprepayments |
75,539 109,582 33,943 |
4L,g23 60,852 19,029 |
74,456 739,162 32,959 3t,747 |
t6,t6g 50,654 40,640 t07,463 |
| Credltors! amountsfalllngduewlthlnoneye | ar | |||
|---|---|---|---|---|
| Group | Charity | |||
| 2022 | 202L | 2022 | 2021 | |
| t | € | f | f_ | |
| Repayments due on bank loans | 79,604 | 21,155 | L9,604 | 27,\55 |
| 0perationalcreditors | 29,495 | 29,516 | 28,Ott | 25,674 |
| Socialsecurityandothertaxes | 2!,486 | 23,209 | 2L,069 | 26,225 |
| Other creditorsand accruals | 28,5!3 | L6,5t2 | 25,813 | 9,477 |
| 99,098 | 90,392 | 94,496 | 81,531 |
| Group 2022 |
2021 | Charity 2022 |
202t | |
|---|---|---|---|---|
| Ef. | f. | f. | ||
| Duebetweentwoandfiveyears: | ||||
| Repayments due on bankloans | 78,416 | 90,885 | 78,416 | 90,885 |
| Dueafter fiveyears: | ||||
| Repayments due on bank loans | 101,806 | L08,437 | 101,806 | !08,437 |
| 780,222 | L99,322 | 790,222 | L99,322 |
| Funds | |||||||
|---|---|---|---|---|---|---|---|
| Balanceat | lncoming | Resources | Balance at | ||||
| 1September | resources | expended | Transfers | 31August | |||
| 202t | 2022 | ||||||
| f | f | € | f | € | |||
| Chority | |||||||
| Restricted income funds | |||||||
| Capital Grants Farmdevelopment |
3,9t4 22,628 |
- 3,500 |
13,274) (26,128) |
700 | |||
| Sailing Programme | 35,644 | 20,000 | (32,028) |
23,6L6 | |||
| 62,196 | 23,500 | (6L,370) |
24,3L6 | ||||
| Unrestricted income funds | |||||||
| Designatedfixedassetreserve | 270,3L9 | 73,422 | 343,741 |
||||
| Generalfund | 430,693 | 1,700,668 | (L,543,266)173,422| | 514,673 | |||
| 7o'J.,oLz | t,-/OO,668 | (1,543,266) | - | 858,414 | |||
| Total charity funds | 763,198 | !,724,768 | (1",604,636) | 882,730 | |||
| Subsi diaryundertokings | |||||||
| ReleasingPotentialEnterprisesLtd | (1s,607) | 33,205 | .36,446_| | (18,848) | |||
| Youth Coastal RowingLtd | |||||||
| BeachExplorersLtd Total subsidiary funds unds |
(15,607) | 33,205 | (36,446) |
(18,848) | |||
| Total funds unds |
,-*, | ,r" r, | ,r,r-r,a"I | - | 863,882 |
| LEAsING POTENTIAI" LIMITED TESTO THE FINANCIAI. STATEMENTS R THE YEARENDED31STAUGUST ZO22 Analyslsof netassetsbetween funds-Group |
28 | |||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |
| At3lstAugust2022 | funds | funds | funds | funds |
| E | € | E | ||
| lntangible fixedassets | ||||
| Tangiblefixedassets | 7,149 | 544,267 | 551,416 | |
| NetCurrentAssets | 487,976 | (19,604) | 24,3t6 | 492,688 |
| Creditors:Amounts fallingaftermorethanoneyear | ||||
| 495,\25 | 344,447 | 24,31,6 | g63,gg2 | |
| Unrestricted | Designated | Restricted | Total | |
| At3lstAugust2021 | funds | funds | funds | funds |
| f | € | t | ||
| lntangible fixedassets | ||||
| Tangiblefixedassets | 7,907 | 5L2,7LO | 520,617 | |
| NetCurrentAssets | 346,334 | (21,155) | tgt,Lt7 | 426,296 |
| Credltors:Amounts falllngaftermorethanone year | (L99,3221 | {199,3221 | ||
| 354,24L | 292,233 | tot,L77 | 747,591 | |
| Analysisofnetassetsbetween funds.Charity | ||||
| U nrestricted | Designated | Restricted | IrrtaI | |
| At31stAugust2022 | funds | funds | funds | funds |
| E | E | f. | ||
| Tangiblefixedassets | 544,267 | 544,267 | ||
| lnvestments | 30 | 30 | ||
| NetCurrentAssets | 5t3,943- | (L9,6041 | 24,3t6 | 518,655 |
| Creditors:Amounts fallingaftermorethanone year | (.780,2221 | (780,2221 | ||
| 513,973 | 344,44L | 24,3L6 | 882,730 | |
| Unrestricted | Designated | Restricted | 'Iota I |
|
| At3lstAltgust2021 | funds | funds | funds | funds |
| f | f | f | ||
| Tangiblefixedassets | 5L2,7LO | 572,710 | ||
| lnvestments | 30 | 30 | ||
| NetCurrentAssets | 369,818 | (21,155) | t9t,LL7 | 449,780 |
| Creditors:Amounts fallingaftermorethanone year | (t99,3221 | (199,3221 | ||
| 359,848 292,233 LOL, | LT |
| Property | Other | 'lotaI | |
|---|---|---|---|
| f. | f | f | |
| Not later than1year | 64,564 | 2,L46 | 66,810 |
| LaterthanLyear andnotlater than5years | L76,OLO | 1,533 | L17,543 |
| Laterthan5years | 63,375 | 53,375 | |
| 3,679 | 247,729 |
| EASINGPOTENTIAL LIMITED ESTO THE FINANCIAT STATEMENTS THE YEAR ENDED31ST AUGUST2022 Reconciliatlonofnet lncometonetcashflow fromoperatlng actlvltles |
)_,t | |
|---|---|---|
| )ll)) | .r0/I | |
| I | t | |
| Net incomefortheyear | 1,76,297 | L81,929 |
| lnvestment incomereceivable | (4,380) | (6,532) |
| lnterestpayable | 7,509 | 7,74',J, |
| Depreciationandimpairmentoftangible fixedassets | 41,029 | 28,489 |
| (Profit)/losson disposal oftangible fixedassets | (3,030) | (3,36e) |
| (lncrease)/decrease in stock | (9,998) | 1,437 |
| (lncrease)/decrease indebtors | (48,730]' | (9,230) |
| lncrease/(decrease)increditors | L0,257 | 403 |
| Netcashflow fromoperating activities | 108,948 | 200,868 |
| Financialinsffuments | ||||
|---|---|---|---|---|
| Group | Charity | |||
| Categorisation offinancial instruments | 2022 | 2o2L | 2022 | 2021 |
| f€ | f | E | ||
| Financialassetsthataredebt instrumentmeasured at | ||||
| amortisedcosts | 515,464 | 475,381 | 538,156 | 491,L88 |
| Financialliabilitiesmeasured atamortisedcosts | 279,320 | 289,71"4 | 274,718 | 280,853 |