## 

## 

|Reference and Administrative|Reference and Administrative|Details ofthe Company,|iver Trustees and Advisers|Page|
|---|---|---|---|---|
|Trustees' Report||||2-10|
|Independent<br>Auditors'|Report|on the Financial Statements||11-14|
|Statement of Financial|Activities|||16|
|Balance Sheet|||||
|Statement ofCash Flows||||17|
|Notes tothe Financial|Statements|||18-34|





|||ALBERllNE|RIFT|RIFT|CONSERVATION|SOCIETY|
|---|---|---|---|---|---|---|
|REFERENCE AND||ADMINISTRATIVE DETAILS OF THE COMPAI4Y, ITSTRUSTEES AND ADVISERS<br>FOR TNE YEAR ENDED 31DECEMBER 2021|||||
|||Or Adrie<br>Mukashema|||||
|||Or Brigiite Nyirambangutse|||||
|||Dr Charles Kahindo|Muzusa Ngsbo||||
|||Mr E lie Nizeyimano|||||
|||OrJane Bemigisha|||||
|||Mr John Salehe|||||
|||Or Victor Nyarangi|Kemro||||
|||Mrs Wivine Ntamubano|||(resigned 4August|2022)|
|Company|registered||||||
|number||04103967|||||
|Charity registered|||||||
|number||1102123|||||
|Registered|oftlce|C/0 Birdlife International|||||
|||The David Attenborough<br>Cambddge|||Buikfing, Pembroke|Street|
|||CB23QZ|||||
|Company|secretary|Dr Sam Kanysmlbwa|||||
|Auditor||Peters Elworthy<br>&Moore|||||
|||Chartered<br>Accountants<br>Salisbury House||and Rstutory Auditors|||
|||Station Road|||||
|||Cambridge|||||
|||CB1 2LA|||||
|Bankers||Bank of Kigai|||||
|||KN 4Ave|||||
|||No12 Plot No 790|||||
|||Kigall|||||
|||Rwanda|||||
|||Barclsys Bank Pic|||||
|||Barckrys Cambridge|||||
|||Cambridge|||||
|||United Kingdom|||||
|||CB23AX|||||





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|||||||As resisted|
|---|---|---|---|---|---|---|
|||||||Unaudited|
||||||2021|2020|
||||||5|9|
|Cash flows from operating|activities||||||
|Net cash used in operating|activities|||13|339,824|203,035|
|Cash flows from investing|activities||||||
|Proceeds from the sale oftangible<br>fixed||assets||||361,796|
|Purchase oftangible fixed assets|||||(15,900)|(433.122)|
|Income from investments|||||28,371|1,150|
|Net cash used in Investing|activtges||||4~71|(50,178)|
|Change<br>in cash and cash|equivalents|in|the year||344,295|152,859|
|Cash snd cash equivalents|at the beginning||ofthe year||183,805|30,746|
|Cash and cash equhralents|at the end of||the year|14|527,900|163,605|
|The notes on pages 18to34form pari ofthese financial statements|||||||





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||||||||||||As restated|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Restricted|Unrestdcted|Total||Total|
||||||||funds|funds|funds||funds|
||||||||2021|2021|2021||2020|
||||||||$||$||6|
|Membership|-Donations|||||||1,636|1,636|||
|Grants|||||||1,445,168||1W6,168||849,885|
||||||||1,445,168|1,636|1,448,804||849,885|
|Total 2020as||restated|||||849,885||849,885|||
|Grants received compdses||||||||||||
||||||||||||As restated|
|||||||||Restricted|Total||Total|
|||||||||funds|funds||funds|
|||||||||2021|2021||2020|
|||||||||8|8||3|
|Core|||||||||||4,731|
|Eco-School||||||||86,868|86,868||82,561|
|EcoAgriculture||International|||||||||885|
|Foundation|Audemars-Waikins||||(FAW)|||78,068|78,068|||
|Global Nature||Fund (GNF)||||||2,296|2,296|||
|JRS||||||||39.000|39,OOO||82,000|
|Livelihood||||||||978,887|978,887||623,387|
|One Tree Planted||||||||127,990|127,990||39,995|
|Seinebury's|||||||||||11,386|
|Sustainable|Development|||Goals Partnership|||(SDGP)||46385|||
|STIFTThe|Stockhrsm||Movement||||||||4,940|
|United Nations||Environment|||Programme|(UNEP)||85,574|85,574|||
|Total 2021||||||||1,445,168|1,445,168||849,885|
|||||||||||'||
|Total 2020as||restated||||||849,885|849,885|||





## 

## 

## 

|||||As restated|
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2021|2021|2020|
|||0|0|8|
|Rental Income||9,000|0,000|1,150|
|Investment|Income|11371|11,371||
|||20,371|20,37'I|1.150|
|Total 2020|as restated|1,150|1,150||





|||||||'0 O<br>Ct N<br>~O|CD <br>O|~<br> ID|||ID t<br>g<br>ID<br>P) at||||I<br>N<br>ID|at<br>N<br>tt'|||O||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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|V0<br>Za|NN<br>I<br>O<br>Z N<br>IU IY<br>~ IU<br>I<br>O<br>Ce IU||Ot( O'Q<br>e<br>0E<br>o<br>O<br>Ot|||oo<br>a<br>e<br>e CD|||||IN<br>CN<br>1|||||||1|||
|NZao|g<br>Cl<br>(p<br>Ctl<br>za<br>—Z<br>4 IU||Fg|||CD 0<br>40|||||IQ<br>I<br>I<br>ID|I|||||||||
|R||||UI|||||||||||||||||
|Z<br>Z<br>I<br>ID|I<br>UI<br>N p<br>aa<br>Z4||OOT7 e<br>e 0<br>om||+ e<br>0 0<br>D 0<br>EC<br>E e<br>O~||||||t 0|I||||||||NI|
||||o+0'o<br>'P) ge e<br>Fee<br>03<br>eee<br>Ulm 0o||E 0<br>Ce<br>$8<br>CI<br>O<br>IA|||||ID|CD<br>07<br>ICCI<br>I<br>Di||||||||||
|||||||||||||||||||P.|||
|||||||||||||||||||o|||
||||||||||||C<br>Ct|U. 0<br>U. I- <br>Z a|p,<br>IL e<br>N<br>C<br> 0 e<br> NN||E0<br>N|P|||I||





## 

## 

## 

## 

|||||Restricted|Restricted|Unrestricted|2021|As restated<br>2020|
|---|---|---|---|---|---|---|---|---|
|Audit and Accountancy<br>Bank Charges<br>Depreciation<br>Foreign Exchange<br>Office costs<br>(Prcfit)/Loss on disposal|Cost<br> offixed||assets||13,130<br>5,518<br>35,512<br>55.357<br>29,992||13,130<br>s,ste<br>35,512<br>55,357<br>29,992|6,037<br>4,sse<br>7,097<br>43,907<br>26,022|
|Staffcosts<br>Total||||~II 3 <br>~3$$1733~1$ $a||||(291,606)<br> ~3$1<br> ~I~II 3:3|
|Auditors'<br>remuneration|||||||||
|||||||||As restated|
||||||||2021|2020|
|Fees payable tothe Company's<br>annual accounts||auditor||for ths audit of|the Company's||5|$|
|Fees payable to the Company's<br>Independent<br>examination<br>fee||auditor||in respect of:|||9,675||
|/MI non-audit<br>services not|induded||above|||||3,637|
||||||||3,455|2,400|



## 

## 

||||As restated|
|---|---|---|---|
|||2021|2020|
|Wages|and salaries|$|$|
|Social|securities, pension, medical and other (Non-UK)|388486<br>19,321|327,303<br>20,915|
|||408,607|348,218|





## 

## 


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## 



## 

## 

## 

|Cost or valuagon|Land and<br>Bulldmg<br>8|Motor<br>vehides<br>8|Office<br>equipment|Computer<br>equipment<br>8|Total<br>5|
|---|---|---|---|---|---|
|At 1 January 2021 (as||||||
|previously<br>stated)<br>Prior Veer Adjustment|124,462<br>36,26D|151,767<br>(9,817)|12,093<br>4,383|33,725<br>21,374|322,047<br>52,200|
|At 1 January 2021 {as<br>restated)<br>Additions|160,722<br>250,000|141.95D|18/76<br>8,050|55,099<br>7,850|374,247<br>285,g00|
|AI31 Decembar2021|410,722|141,950|24,526|62,949|640,147|
|Depreciation||||||
|At1 January2021<br>(as||||||
|previously<br>stated)<br>Prior Year Adjustment||7,589<br>11,768|12,093<br>2,502|32,'724<br>13,032|52,406<br>27,302|
|At 1 January 2021 (as<br>restated)<br>Charge forthe year|5,807|19,357<br>19,357|14,595<br>3,060|45,756<br>7,288|79,708<br>35,512|
|At 31December 2021|5,807|38,714|17,655|53,044|115,220|
|Net book value||||||
|At 31December 2021|404,915|103,238|6,871|9,905|524,927|
|As restated<br>at 31 December||||||
|2020|160,722|122,593|1.661|9,343|294,539|





## 

||||As restated|
|---|---|---|---|
|||2021|2020|
|Due within one year||$|$|
|Other debtors||||
|Prepaymenis|snd accrued income|17,279<br>32,569|301,408|
|||49,848|301,408|



## 

||||As restated|
|---|---|---|---|
|||2021|2020|
|Trade creditors||$|$|
|Other taxation<br>Other creditors|and social security|39,172<br>44,433|11,004<br>54,596|
|Accruals and deferred income||46,712<br>&,586|53,524<br>62,163|
|||195,903|181,287|



|||||2621|2020|
|---|---|---|---|---|---|
|Resources <br>Foundation|deferred<br>during<br>the <br>Audemars-Watkins|year-<br>(FAW}|project|85,586|$|





## 

## 

## 




## 

## 



## 

||As restated|||As restated|
|---|---|---|---|---|
||balance at|||balance at|
|Unrestricted<br>funds|1January<br>2020|As restated<br>Income<br>8|As restated<br>Expenditure|31<br>December<br>2020|
|General Funds -all funds|51,013|1,150|188,302|220,465|
|Restricted funds|||||
|Restricted<br>Funds (See note 19)|49,458|849,886|(521,544)|377,800|
|Total offunds|100.471|851.036|{353,242)|598,265|



## 

|||Restricted<br>funds<br>2021|Unrestricted<br>funds<br>2021|Total<br>funds<br>2021|
|---|---|---|---|---|
|Tangible|lixed assets|8|3|8|
|Current|assets|103,236|421,691|524,927|
|Creditors|due within one year|775,597<br>(195,903)|(197,849)|577,748<br>(195,903)|
|Total|||||
|||682,930|223,842|908,772|



## 



## 

## 

|||Restricted<br>funds<br>As Restated<br>2020|Unrestricted<br>funds<br>As Restated<br>2020|Total<br>funds<br>As Restated<br>2020|
|---|---|---|---|---|
|Tangible|fixed assets|$|$|$|
|Current|assets|122,593|17'I,945|294,539|
|Creditors|due within one year|436,494<br>(181,287)|48,519|485,013<br>(181,287)|
|Total||377,800|220,465|598,265|



## 

## 

## 

## 

|||||2021|2020|
|---|---|---|---|---|---|
|||||3|$|
|Net income|for the year (as per Statement ofFInandsl AcBvitles)|||308,507|497,794|
|Adjustments|for.|||||
|Depreciation|charges|||||
|Decrease/(increase)||in debtors||35,512|7,097|
|Increase<br>in creditors||||1,560|(44,903)|
|Profit on the|sales of|fixed assets||14,616|55,970|
|Income from|investment||||(3'I1,773)|
|tfet cash provided by operating|||activities|(20,371)<br>339,824|(1,150)<br>203,035|
|Analysis ofcash and cash equivalents||||||
|||||2021|2020|
|Cash in hand||||$|3|
|||||627,900|183,B05|
|Total cash and cash equivalents||||||
|||||527,900|183,605|





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## 

## 

|Reference and Administrative|Reference and Administrative|Details ofthe Company,|iver Trustees and Advisers|Page|
|---|---|---|---|---|
|Trustees' Report||||2-10|
|Independent<br>Auditors'|Report|on the Financial Statements||11-14|
|Statement of Financial|Activities|||16|
|Balance Sheet|||||
|Statement ofCash Flows||||17|
|Notes tothe Financial|Statements|||18-34|





|||ALBERllNE|RIFT|RIFT|CONSERVATION|SOCIETY|
|---|---|---|---|---|---|---|
|REFERENCE AND||ADMINISTRATIVE DETAILS OF THE COMPAI4Y, ITSTRUSTEES AND ADVISERS<br>FOR TNE YEAR ENDED 31DECEMBER 2021|||||
|||Or Adrie<br>Mukashema|||||
|||Or Brigiite Nyirambangutse|||||
|||Dr Charles Kahindo|Muzusa Ngsbo||||
|||Mr E lie Nizeyimano|||||
|||OrJane Bemigisha|||||
|||Mr John Salehe|||||
|||Or Victor Nyarangi|Kemro||||
|||Mrs Wivine Ntamubano|||(resigned 4August|2022)|
|Company|registered||||||
|number||04103967|||||
|Charity registered|||||||
|number||1102123|||||
|Registered|oftlce|C/0 Birdlife International|||||
|||The David Attenborough<br>Cambddge|||Buikfing, Pembroke|Street|
|||CB23QZ|||||
|Company|secretary|Dr Sam Kanysmlbwa|||||
|Auditor||Peters Elworthy<br>&Moore|||||
|||Chartered<br>Accountants<br>Salisbury House||and Rstutory Auditors|||
|||Station Road|||||
|||Cambridge|||||
|||CB1 2LA|||||
|Bankers||Bank of Kigai|||||
|||KN 4Ave|||||
|||No12 Plot No 790|||||
|||Kigall|||||
|||Rwanda|||||
|||Barclsys Bank Pic|||||
|||Barckrys Cambridge|||||
|||Cambridge|||||
|||United Kingdom|||||
|||CB23AX|||||





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## 

|||||||As resisted|
|---|---|---|---|---|---|---|
|||||||Unaudited|
||||||2021|2020|
||||||5|9|
|Cash flows from operating|activities||||||
|Net cash used in operating|activities|||13|339,824|203,035|
|Cash flows from investing|activities||||||
|Proceeds from the sale oftangible<br>fixed||assets||||361,796|
|Purchase oftangible fixed assets|||||(15,900)|(433.122)|
|Income from investments|||||28,371|1,150|
|Net cash used in Investing|activtges||||4~71|(50,178)|
|Change<br>in cash and cash|equivalents|in|the year||344,295|152,859|
|Cash snd cash equivalents|at the beginning||ofthe year||183,805|30,746|
|Cash and cash equhralents|at the end of||the year|14|527,900|163,605|
|The notes on pages 18to34form pari ofthese financial statements|||||||





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||||||||||||As restated|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Restricted|Unrestdcted|Total||Total|
||||||||funds|funds|funds||funds|
||||||||2021|2021|2021||2020|
||||||||$||$||6|
|Membership|-Donations|||||||1,636|1,636|||
|Grants|||||||1,445,168||1W6,168||849,885|
||||||||1,445,168|1,636|1,448,804||849,885|
|Total 2020as||restated|||||849,885||849,885|||
|Grants received compdses||||||||||||
||||||||||||As restated|
|||||||||Restricted|Total||Total|
|||||||||funds|funds||funds|
|||||||||2021|2021||2020|
|||||||||8|8||3|
|Core|||||||||||4,731|
|Eco-School||||||||86,868|86,868||82,561|
|EcoAgriculture||International|||||||||885|
|Foundation|Audemars-Waikins||||(FAW)|||78,068|78,068|||
|Global Nature||Fund (GNF)||||||2,296|2,296|||
|JRS||||||||39.000|39,OOO||82,000|
|Livelihood||||||||978,887|978,887||623,387|
|One Tree Planted||||||||127,990|127,990||39,995|
|Seinebury's|||||||||||11,386|
|Sustainable|Development|||Goals Partnership|||(SDGP)||46385|||
|STIFTThe|Stockhrsm||Movement||||||||4,940|
|United Nations||Environment|||Programme|(UNEP)||85,574|85,574|||
|Total 2021||||||||1,445,168|1,445,168||849,885|
|||||||||||'||
|Total 2020as||restated||||||849,885|849,885|||





## 

## 

## 

|||||As restated|
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2021|2021|2020|
|||0|0|8|
|Rental Income||9,000|0,000|1,150|
|Investment|Income|11371|11,371||
|||20,371|20,37'I|1.150|
|Total 2020|as restated|1,150|1,150||





|||||||'0 O<br>Ct N<br>~O|CD <br>O|~<br> ID|||ID t<br>g<br>ID<br>P) at||||I<br>N<br>ID|at<br>N<br>tt'|||O||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Ia|||||||||||||||
|||||||NO|O<br>ID||||0-Z<br>CD O||||||CD<br>CR||||
||||||||||||N||||||||||
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||||QIICI<br>CI 0 0<br>me&)<br>m<br>gta oa||||||~,||Sp~g<br>CD<br>I|||||||I<br>CD<br>ID|||
||||e %AND<br>C3 & 0<br>0 e<br>Q|e<br>0||Cta|||||||||||||||
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||||o+0'o<br>'P) ge e<br>Fee<br>03<br>eee<br>Ulm 0o||E 0<br>Ce<br>$8<br>CI<br>O<br>IA|||||ID|CD<br>07<br>ICCI<br>I<br>Di||||||||||
|||||||||||||||||||P.|||
|||||||||||||||||||o|||
||||||||||||C<br>Ct|U. 0<br>U. I- <br>Z a|p,<br>IL e<br>N<br>C<br> 0 e<br> NN||E0<br>N|P|||I||





## 

## 

## 

## 

|||||Restricted|Restricted|Unrestricted|2021|As restated<br>2020|
|---|---|---|---|---|---|---|---|---|
|Audit and Accountancy<br>Bank Charges<br>Depreciation<br>Foreign Exchange<br>Office costs<br>(Prcfit)/Loss on disposal|Cost<br> offixed||assets||13,130<br>5,518<br>35,512<br>55.357<br>29,992||13,130<br>s,ste<br>35,512<br>55,357<br>29,992|6,037<br>4,sse<br>7,097<br>43,907<br>26,022|
|Staffcosts<br>Total||||~II 3 <br>~3$$1733~1$ $a||||(291,606)<br> ~3$1<br> ~I~II 3:3|
|Auditors'<br>remuneration|||||||||
|||||||||As restated|
||||||||2021|2020|
|Fees payable tothe Company's<br>annual accounts||auditor||for ths audit of|the Company's||5|$|
|Fees payable to the Company's<br>Independent<br>examination<br>fee||auditor||in respect of:|||9,675||
|/MI non-audit<br>services not|induded||above|||||3,637|
||||||||3,455|2,400|



## 

## 

||||As restated|
|---|---|---|---|
|||2021|2020|
|Wages|and salaries|$|$|
|Social|securities, pension, medical and other (Non-UK)|388486<br>19,321|327,303<br>20,915|
|||408,607|348,218|





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|Cost or valuagon|Land and<br>Bulldmg<br>8|Motor<br>vehides<br>8|Office<br>equipment|Computer<br>equipment<br>8|Total<br>5|
|---|---|---|---|---|---|
|At 1 January 2021 (as||||||
|previously<br>stated)<br>Prior Veer Adjustment|124,462<br>36,26D|151,767<br>(9,817)|12,093<br>4,383|33,725<br>21,374|322,047<br>52,200|
|At 1 January 2021 {as<br>restated)<br>Additions|160,722<br>250,000|141.95D|18/76<br>8,050|55,099<br>7,850|374,247<br>285,g00|
|AI31 Decembar2021|410,722|141,950|24,526|62,949|640,147|
|Depreciation||||||
|At1 January2021<br>(as||||||
|previously<br>stated)<br>Prior Year Adjustment||7,589<br>11,768|12,093<br>2,502|32,'724<br>13,032|52,406<br>27,302|
|At 1 January 2021 (as<br>restated)<br>Charge forthe year|5,807|19,357<br>19,357|14,595<br>3,060|45,756<br>7,288|79,708<br>35,512|
|At 31December 2021|5,807|38,714|17,655|53,044|115,220|
|Net book value||||||
|At 31December 2021|404,915|103,238|6,871|9,905|524,927|
|As restated<br>at 31 December||||||
|2020|160,722|122,593|1.661|9,343|294,539|





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||||As restated|
|---|---|---|---|
|||2021|2020|
|Due within one year||$|$|
|Other debtors||||
|Prepaymenis|snd accrued income|17,279<br>32,569|301,408|
|||49,848|301,408|



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||||As restated|
|---|---|---|---|
|||2021|2020|
|Trade creditors||$|$|
|Other taxation<br>Other creditors|and social security|39,172<br>44,433|11,004<br>54,596|
|Accruals and deferred income||46,712<br>&,586|53,524<br>62,163|
|||195,903|181,287|



|||||2621|2020|
|---|---|---|---|---|---|
|Resources <br>Foundation|deferred<br>during<br>the <br>Audemars-Watkins|year-<br>(FAW}|project|85,586|$|





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||As restated|||As restated|
|---|---|---|---|---|
||balance at|||balance at|
|Unrestricted<br>funds|1January<br>2020|As restated<br>Income<br>8|As restated<br>Expenditure|31<br>December<br>2020|
|General Funds -all funds|51,013|1,150|188,302|220,465|
|Restricted funds|||||
|Restricted<br>Funds (See note 19)|49,458|849,886|(521,544)|377,800|
|Total offunds|100.471|851.036|{353,242)|598,265|



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|||Restricted<br>funds<br>2021|Unrestricted<br>funds<br>2021|Total<br>funds<br>2021|
|---|---|---|---|---|
|Tangible|lixed assets|8|3|8|
|Current|assets|103,236|421,691|524,927|
|Creditors|due within one year|775,597<br>(195,903)|(197,849)|577,748<br>(195,903)|
|Total|||||
|||682,930|223,842|908,772|



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|||Restricted<br>funds<br>As Restated<br>2020|Unrestricted<br>funds<br>As Restated<br>2020|Total<br>funds<br>As Restated<br>2020|
|---|---|---|---|---|
|Tangible|fixed assets|$|$|$|
|Current|assets|122,593|17'I,945|294,539|
|Creditors|due within one year|436,494<br>(181,287)|48,519|485,013<br>(181,287)|
|Total||377,800|220,465|598,265|



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|||||2021|2020|
|---|---|---|---|---|---|
|||||3|$|
|Net income|for the year (as per Statement ofFInandsl AcBvitles)|||308,507|497,794|
|Adjustments|for.|||||
|Depreciation|charges|||||
|Decrease/(increase)||in debtors||35,512|7,097|
|Increase<br>in creditors||||1,560|(44,903)|
|Profit on the|sales of|fixed assets||14,616|55,970|
|Income from|investment||||(3'I1,773)|
|tfet cash provided by operating|||activities|(20,371)<br>339,824|(1,150)<br>203,035|
|Analysis ofcash and cash equivalents||||||
|||||2021|2020|
|Cash in hand||||$|3|
|||||627,900|183,B05|
|Total cash and cash equivalents||||||
|||||527,900|183,605|





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