Charity Registration No. 1111073 Company Registration No. 05325917 (F.ngland and Wale8) ST. JOHNS COMMUNITY DEVELOPMENT PROJECT (A company limited by guarantee) DIRECTORS, AND TRUSTEES, REPORT AND uNAUDED FINANCIAL STATEMErs ror the year ended 31 December 2024
ST. JOHNS CC)MMUNITY DEVELOPMENT PROJEcr (A company limiicd by guaran1) c.ontents Pa8e Reference and Administrative Infornydiion Dircclorb. and Trustees, Rewrt Independent Examinerfs RetK)rt Statement of Financial Activitics Balance She¢t Notes to the Financial StatemenLs 7-10
ST. JOHNS COMMUNII"Y DLVELOVMEN'f PROJF. Rcfercncc and Administrdtivc InfOrntion for thc ycar cndcd 31 Dccemlr ?024 Ch4wily NarnL': SL Johns Communily Dcvclopmcni Projcct C'h<wily registralion nurnber: 1111073 Comp<U]y r¢gistration number: 05325917 The InL4'tLs give their time volunLwil)' and ivithoul remunerdtion. 'lThey were. for the time under rLN'iLW: "rrustees: Pcnny Rosc-C&semore R(11]nd tlorley Juliet Inch F.mma Mi731 tr¥"nc Davisoll-Aitkins (ruigncd 2?.07 ?4) (appointed 12.07.2024) Projcci coordi[lOr. ShLYna Callender dcp-ndLni Ex<unincr. Anna Long fcA RLgi.%lLrLd Ofli and pcralional 4addTess: St. Johns Church J86 Clapham Road IA)ndon SW9 9AR Bankers: HSBC T1k plc 240 tavender Hill Clapl]am Junction London SWI I ILH
ST JOHNS COAIMUNITY DEVELOPPAENT PROJECT TnLStees' ReEX)rt for ihe ye<W ended ) I tkc¢mlKr ?024 The TruslLCS: whc) atL also Directors of the Charity for the purwses of the Companies Act 2006. present their rewrt wilh the unaudited financial statements of St John5 Communty l)evelopment Pmject tnr the year ended 31 December 2024. STRiicfuRE, GOVERNANCE AND MANAGEMENT Gos'ernino document St Johns Community. Development Project is a charitable compan) limited by guardntco incorrknralul on 6 January ?OOi and regisiered as a charity on 30 August 2005. The company was established under a Memorandum of AslatIOn which csthblished the objecls and p)wers of the ckwitabl¢ company and is governed undcr its Articles of Associalion. In the event of the company bein8 wound up mLink"rs ar rLquifLd io cuntribute an amount not cxcecdinR £ I. Re¢ruitmcnt and appointment of Trnstees Th¢ Trnstecs of the Charity arc clted to the Managemeni Committee at the Annual Cieneral Meettng or apFKJinted between meetinJo by uA)wion, in a¢cordancc with th¢ Articl of Association. The numb¢r or Commtttce mcmbcrs shall be not less than two but shall be bj(t to a mtmuM of twclvL. Induction and tsaining of new Trustees and Committse members Trustees and committee mcmber5 re¢¢iv¢ an indurtion briefing and arc given an induction pack with details of of the constitulion and about the work of the charity. Arranoemenls arc also madL to Visit th¢ Project to se¢" IhL Lhariiy in 0ratIon. Objeets of Ib¢ organiatiou Th¢ objtS of the charity are to supw)rt thL' I41 wmmulliiy in Siockwell and Clapham North through a range of 5UPPOrt services and activiti reaching out to vulnerablc groups in ih¢x ar. 'I'h¢se services tar8el IoPl¢ of all aiw¢s and in particular. s¢nior citizcn& families and others facing diwlvanta8e: so ihat their conditions of life mav improvc. Review of the activities and future d¢v¢lopmcnts In selting objectives and planning our activities for thc ycar the trn$tS havc briv¢n duc consideration to the Charity Commission's guidance relating to public bcncfiL The work undertaken, supw)rtin8 senior ¢ jli£ins and families continues to be wcll TC ivcd by th¢ local wmmunity. and supwrt from funderts has also been maintained over the year. Community outreach continues to devclop ai lh¢ Prvj¢cL ¢sJKcially with senior citizens and thosc who arc housebound. Some of thcsc scssions include inter-generational work. S¢nior CitinS. Ther¢ is a weekly contact time with scniors. This iKlud¢s chair aerobics followed by lunch and an advice scssion from Bekn, the exercisc facilitator. on how to avoid fall& kecping fil in thc home and specialized one40-one advice. Thc sing4ng group goes from strength to strcngth with our tutor ileen. The Singing and Social club was briefly clo%¢d IKlwn ih¢ ¢nd of Feb and be8inntng of September 2024 wliil.gt WL soughi lundin& and we now have a grdnt from the National Loiicry to keep us going until Sepicmber 2026. The project is flourishin& and we have been busy with activities including an arts and crafts Christmas workshop, a trip lo Tower Bridg¢. a Christmas Party. a drumming workshop• members meetings and advice session on how to avoid InIT bcammed. We continue with our regular a¢tiviti¢s - ¢xercise class. singing wp, social club and digilal lilcracy and we conlinue to offer support and friendship to each oth¢r. Members continue lo support the project thmugh volunteerin& lundrnisingy and prnmotin8 thc project. Many ihanks to Shecn& Maric. Peggy, Crai& Sadie. Beko and F.ileen and to ROL: also. to a host of volunteers for their unslinting work and dcdicalion to the projecL
ST JOHNS COMMUNITY DEVELOPMENT PROJECT Trustees, R¢FN)rt for thc ycar cndcd 31 D¢c¢Mr 20?4 I'lianks to Funder8 - the National l Apttery and the City Bridge "I'ru5t and for donations from a fcw pwplc who supw)rt thc proj¢cl. Future plans "11ie cliarity Thi8hcs to coi)tinuc lo pfovidc similar activilies in the forthcoming vears and continues lo work hard to $Ure funding for thc Projcct and its activitics. Reserves policv The eharit), LC)nlinii¢s io scck furthcr fundin¢i ror ils imponani work and has a long tcrni aim of huilding general reserves (unre%trictcd tiinds) to a le%:cl cqual to six months running cos1s, in order to prolect It.lf rrom an unexpected fall in tncotne. FinanLial Rei"iew Th¢ rcsulis of ihe yearfs operation dre sel uul in the 31lached fjnancial slalemenls. Thc nct ouifluw or unrLStricted funds atnounts to £ l.i99 {?Olj: oufflow £1.878). Unrestricted reserves at 31 December 2024 total l? l ?.1 (2(123: £.3: j2?). The rc%lrici¢d rc%ervcq halancc rcprcscnts n8nI grant tmm National l A)iiery, as ihc funding is from l February 2U24 to 31 January ?0?5. Stalemenl of Trnstees, respqill5ibilities Thc Trustccs arc rcswnsible for preparing ihe ITuslces' Annual Rcw)rt and ihc financial staicmcnts in 41wonJ(tnL¢ wilh (Ipplicable laws and regulalions. Companv law. rcquire5 th¢ trusl¢e5 lo prepare financial %tatemcnt% for &ich tinancial Near. ljnder that law. they are rcquired tc* prcparc the financi1< I slatcments in accordance with UK Accounting Siandards and applicable law. (UK Gcncnl AcLcpl¢d Accounling PTaclice). includiniy FRS I O? Th¢ Financial K¢wrting StandaTd5 applicabl¢ in th¢ U'K and Kepublic of Ireland. lJnder ompanN' law. the -I-rustccs must not apprill'e the financial qiatemenLs unless tl)cN' are %atisfied ihai IhLN. l)ii.'L a 'true and t-aif N'iim.. of ilii of ilic siale of affairs of (he charilitablc company and of the eNcLss of inLome ()i.'er Lip¢ndilurL lor thal pcriod. In preparing these financsal 5talLmL"nts the .1 TU5l¢es are required to- lect suitable accounting gN)licics and then apply thcm consist¢nl]y' ' make judgcmcnts and ¢stimates thal are reasonable and pnidenl: and state 'he1her appl icable LJK Accouniino Siandards havc IKNcn followed, subject to an>, maierial departures di%LIci%Ld lincl ixplaind in ihv fuwicial stalemvnts. and fuw)cial 5talements. and Prepare th¢ tiIianLial slal¢ments on the going Concern bas.is unle%i it is inappropriate to presuine that the i)rgFaniulion will continue its activities. Thc Tnjstccs arc rcsponsible f(Ir keepingv adequate accounting records that are sufficent to lhow and cxplain thi chiirilabl¢' compani 5 tranctionS and disclose '1th reasonable accuracj, at an>, time thc financial )sition ol. thL cl)arilahlL L()mpitliiy Lnablc IhLin Ic) Ln.4urL Ih411 ihc fin<lllL1411 sldl¥m¥nl5 complv w'ith ihe Coinpanscs Acl ?006. "fhev have general responsible for taking such steps as are reasonabl) open lo thcin lo aftygvud the a55ets of the charitable compan), and prevent and detect ot" t-rnud and other irrcgularilics. Th¢ Truslees confirni that the financial sthteiiicnts have t} prepared in accordancc wilh Ihe accounting Ilicies out in thc notcs io Ihl acwunls and wmply with th¢ khaTity's E0.¢rning d(Kument. the Charities Act 2011 and AccL)unting and Keporting by Charities: Statement of Recommended Practice applicablL tr ¢hdriii¢s prepaTing their accounts in accordance with FRS 102. Th¢ financial ReFK)ning Sthndard applicable in the IIK and Rcpublic af Ir¢land publishcd on 16 July 2014. This report was approvLd and auth0ri5d for issue by the .1 rustees on l O September 2025 and signed on its behaifbN: ROlInd FJorl¢)'
Independent Examiner's Report 'I'. JOHIYS, COMMLINITY I)FVF.LOPMENf PROJEcr T rewrt on the financial statcmcnts of (he ProjLxi thc ycar LndLd 31 LkL'LmLK'r ?0?4 which are set out on pabwes 5 to 10. Respective responsibilities of Tru$tees and examiner "lkne "fru.stcc& wh() arL also thc dircctor5 of St Johns Community tki'elopni¢ni Projc¢t fur the purpo£es of oinpany law, and lh¢ board of trte for thc pur) of charily law. arL' fL5wnsible for the preparation of thL financial statements. Thc TrUC¢S consider that an audit 15 not requircd for tht% yLar undcr scclion 144(2) of thc Charitic% ALI 2011 (thL Clwiiies Act) and that an independent examinalion is needed. Ilaving satisfied mvself thai lh¢ charitv is not subject to audit under company law is eligible for 1ndCndLnI Lx#minalion: il is my reswnsibility to: ¢xamin¢ thc accounts under section 145 of thc Charitics Act: to t"ollow ihe procedures laid dnwn in ihc gpLnLral DirLLIions bljVLn by the Charity Commission undcr SLLtivn 145(5Mb) of the Charitics Ac(- and to state whether particular martcrs havc com¢ lo my atlLntion. Ilasis ofindcpcndent examiner's repjrt My Lxamination carriLd c)ul in aLcordauc¢ with the General Directions giien by the Charity Coullnissioners. An cxaminalion includes a rcvicw ot- thc accounlini¥ record5 k¢pi by the Qharity and a coniparison of thL" acwunts presented M'ith those rLOrdS. li alsu inLludw> con.%idcration of any unusual ilLms of disclosures in the accounts and seekinh L.xplanalion5 from you as trustees conccrning any matters. 'I'lic proc¢dU5 undertak.en do nol provide all the evidence th would IK. rLquir¢d in an audiL and conseqii¢nily no ()pinioii is Thivcn as Ic> w"hLth¢r the accounts present a 'Yruc and fair view" and thc rcport i.s liinil¢d Iv ihos¢ matters sct ou( in ihe stdtement I1w. Jndcpendent examiner's stalcmcnt I have completed my examinalioft. I nfu that no n]aterial matters have come to m) attcntion in Lcinn¢¢liou w'ith ihe examination which gives mc causc to belicvc thai iu: any material re.%pect: the aLcountinq records wcrc noi kipi in accoTdance with section 386 of ihe Lompanies Act ?006: an( + the accourtls did uol accord with the accounting Tcconls. comply with the accounling rcquir(m¢nls of scction 396 of the Companies Ati 2006" and . the accounLs did not comply with applicable rcquiremenl.s COnmIng the forni and content of accounLS qci oul in thc Charities (Accounts and RcFK)rts) Regulation$ 2008 othcr Ihan th*in anN' requirement that the ace()unt.% giwL a "tTU¢ atKI fait. view which is noi a mailer consided &$ part of an independent cxaminaiion. I hav¢ nv concerns and havc come acros5 no othcr matters in connc¢iion w'ith the e.wninatiDn to which attention should drawn in this Teport in order to ffiiable a prvper understanding of thc ae£ounls lo b i¢ached. Mrs V Annd Long FCA Mcmb¢"r of the Inslitute of Chartered AccountanL8 in 14.n8land & Walcs - 6J49687 47 Hambali Road L()ndon %W4 9F.Q Date: l O September 20? j
ST. JOHNS COMMUNITY DEVELOPMENT PROJLC Statement of Financia] Activitics (including Income & Expenditure Account) for the ear ended 31 tkcember 2024 untriCted Funds Restricted 20?4 Total 2024 Tolal 2023 Notes Iocome from: tknndtions and legacies Charilablc aLlivili¢s 501 3,149 49.044 52.193 80,775 Total Income 3.14() 49.044 52.193 81.276 Expendure on: Raisinii lund5 95 106 238 Charitable activities Governance costs 4252 44.109 48.361 83,665 ?50 Total Expcndure 4,547 48.751 84,153 ct income l (expeDditure) Reconciliation of funds Total funds broughi forw'ard (1.399) 4.841 3.442 (2.878) 3,522 8,362 1,2.39 TOTAL FUNDS CARRIED FORWARD 13 2.123 9.681 11,804 8.36? The nol¢s on pagcs 7 to l O forni an Inte8 part of th¢sc financial slat¢ments.
ST. JOHNS COMMUNITY DF.VF.LOPMEryT PROJECT (compank, limited by guarantee) BalanLL ShL'LI ai 31 [kL-eTn1r 2024 ?024 203 Current Ax¥els rk.biori PrL.paenL Cash ai Batik and in I land 18.739 18.7.19 10.%6? 10.86? Creditors: munts falling duc ithin one vear i? {6.935) .iOO) Net Currenl Assets 8.36? R¢pr¢scnled bN' Rcstricted funds 9.681 4.840 Unrcstricted Funds: General fwids 2.12i 3,59? 8,36? The financial slalLmLIILs have ien pr¢par¢d in accordance with section 415A of the Companies Aci 2006 relatin.¥ to small companiL% FRS I O? Scction l A. TIIL Lhdritshlc cotnpanv is ¢ntided to exemption from audit under sertion 477 of the Companics Acl ?006 for the year cndLd 31 Dcccmbcr ?0?4 and th¢ Members have not required thc chantable conipaiiN' 10 obiain dn audit of its finala1 slalcnK'nLs far ihc )'car ¢nd¢d _-) I tkceD]ber under scclion 476 of the Compai)its ALI 21MJ6. Ihc linanLidl ¥taternenls were apwovcd and authoriscd for Issu¢, by the l rnstees on l O ScplLYnber 2025 and signed on their bchalf by- Rosalind Borley Chair The NolLS on 10 fonn an integral part ofthcse findncial Srnments.
ST. JOHNS COMMUNrrY DEVELOPMEKf PROJECT Notes to the Financial Ststements ttle year ended 31 Decanber 2024 l. ACCOUlY'fiNG POLICI&S 1.1 Accounlinx convention The financial slalemcnts havc becn preparLYI undLY thL hiOrScal cost convcniion with iicm% rLx4Jgmil cost or transaction value unless oihenvise ststed in the relevant noles to these accounts. llie financial 5tat¢m¢nt5 have been prepared in accordancc with the SLqternenl of Recommended Practicc: Accounling and Rewrting by Charitie5 preFMring their acc(HmtS ID acwrdan(x with the Financial R¢porting Slandard applJcablL in the UK and Republi¢ of Ireland (FRS102) is5u¢d on 16 July ?014 and Finala1 RertIng Standard applAcable in the UnilLYI Kin¥dorn and Republic of ITrland (FRS 102), th¢ ChaTiti¢s Art 2011 and Ihe Companies Act 2[. 1.2 Cojryjany slalu5 L Johns Lommunity tkvelopneni Projed is a limita bv gratre. In the evthi of thL. Ch#rily being wound up. the liability in r• of the guarantee is limiknl to £ I w mcmtr of thc Charit%'. 1.3 Public benef# entity The cbaritsbl¢ company me¢ts th¢ definiti(M of a public bencfit entity as defined by FRS 102. 1.4 Inconw recognilion Income is recognised whLm the Charity h&% titleMen1 the inLX)me, li is proEMble that the inv)m¢ will be reived. and the amounr can mLYsurcd rcliably. Income frorn gnnts: whether'capital, or 'revenue grants, is recogni M,hcn the charity has entitlement to the rund%. anN' pcrfnrn)ance conditions attached to the grants has entiilemenl to the funds. 2n), performance condilions <ilLhLxI ihc grants have be¢n mel it is probabl¢ that the iucoll)e will be received and ihL' amount can MSurl1 rcliablN' and is not defenEd. The value of &ervicLs provided by vokmieers has nol includcd in ihesc aceounts. 1.5 EApendilure andlrrecover4ble VA T Expenditure is fecognisoj once thLYe is a lcgal ry conslTUCtive obli¥ation to mak¢ paymelll to a third party. it is probable that settlement will Ix" rwuircd the amount of the obligation (zn be measured r¢liabty. All exp¢nditur¢ Is accountcd for on an accruals basis. All expenses including SUp)rt co8L% and 4vovernance costs (ire allocated io the applicable expenditure headings F.Ipenditure includes VAT and is reFM)rtLbd as part of the ¢xpenditur¢ ¢0 which it reles. 1.6 fr¥n¢ls accountinz (ilLrJl funds unr¢striaed funds which are awdilabk for use at the discrelion of the Tnjstees in rurthTancc of thc g¢nerdl objects of the Charity and which havc Tt been ijesignated for other PurY. Des1jaiCd funds are UnStriCted fimds that have ien sei aside by the TnLStLV for particular PUryM)ses, Re%tri¢led funds are funds which arc lo be cd in acc()rdanc¢ with sp¢cific trICtIonS imwsed bv dvnoTS M'hich have been rnised by the Charity. for panicular purpose.8. Thc ¢osi of rai4in- . and athnTnist¢ring such tunds are clwged against the specific fimd. The aim and use of rtstrLCL fund 15 in the n¢S to thc financial statemwits. 1.7 TanAU"blefLred assets depretialio All iisset5 Costing more than £1.500 are capitalised. Tangible fLxLMI assets are stated al cost less accumul¢1 dcpTEciion. DepTwiation is provtded at T8le% calculated to write off the cost of each assel over its exwed .ful life. which in all cases is estimaied at 4 The tmancial slatements do not inc1k a cash flow statement the charity, as a small rew1inbw entity. is exLYnpt from the requiremthts kn prqyar¢ 5uth a 1Cmellt under financial ReEM)rting Slarmlaftl 102 &s amended by Upde Bulletin l.
ST. JOHNS COIAMUNITY DEVELOPMENT PROJECT Notes to Ihe Finanryal Statements for the year ended 31 December 2024 2. VOLUNTARY INCOME 2024 Trtal Fwids 2023 Tolal Funds UnrestriLted Ra5trictoJ Funds Funds Donaiion 501 501 3a. cIlI"fABLE AcfiviTI 2024 Total FUts. 20?3 Totsl Funds Unrestricted Restricted Funds Funds conthbu11.% f<)r aclivilies Charitable givins Holiday contributio 2.562 587 2,56? 587 1.183 1,561 3.149 3.149 3b. RESTRicfED INCOMF. FROM CHARITABLF. ACTJVITIF.S unr1(d R¢stricted ?0?4 Total 202) Total F unds Ciry of LA)ndon - City Bridge Tn Naiic)nal l.vlteTV Stockiyell conimunitv granl ?O.(XK) 29.044 20.(XK) 29.044 10.000 -5,8.088 1.9$3 70.(M I 49.044 3 Toll Income from Cbritable Activiths 3.149 49,044 52.193 80.775 4. RAISING FVNI)S Unrestricted Resrrided Funds Fund. ?02) Fillxls Fundraising expenses 95 95 106 IU6 238 238 5. CHARITABLE EXPENDITURE Unrestricled RL*ictLxI Total Fund5 L%sional workers Resources & activities Floliddy dnd trips Stsff trainvng Allocation of suprK)rt costs 3.706 360 34,-510 1524 57,9?0 2.884 7.979 102 7.159 4X.361 6.973 44.10 13.703 83.666 425?
ST. JOHNS COthIMUNITY DEVELOPMENT PROJECT Notes to the Financ[ Slatements for the year ended 31 DeeAnber 2024 & WVERNANCE CO&iTS Unrestrictcd Rcstri¢t Funds Funds 2024 Fund5 2023 Funds IndL"pthi Examinerfs fL Comwany House ch 250 34 250 250 284 ?50 7. RESOURCES EXPENDED 20?4 ?023 stsIT costs. direct costs Scnior cit17¢n8 r)irect charitable expenditurc Costs of genernting funds Governance cosL Supwrt costs 38216 38216 2.986 2.986 7.159 7.159 48J61 48J61 75.687 75.687 238 7.159 10.)35 17.159) 38216 48.751 76.175 8. RF.LATF.D PARTIF.S ThL' Chair. uniil Jul). ?0?4, of the St Johns Community Dev¢lopment Proj¢ct was also the Incumb¢nt and Vicar of chri.si Church and St John. C.IIlpham. The activities of the Projea lak'e place in the Church Ilall aL Si John's. The rnnnino COSLs' of thc buildinsv are paid for b> the Church who eslirnate £5.(M)O per aw]um rele directlv to the Projecl. 9. SUPPORT COSTS UnTe5tricted Restri(ed Fund5 Funds 2024 Funds Funits. Premises costs Postsge & sialionery TLILphonL. mobilL7 & intunet Fsank charYv¢5 Oth¢r office costs Subscription% & Microsoft $2 783 203 72 19 509 170 35 ?%9 32 200 6.Y73 89 186 330 13.70J 10. STAFF CO.STS & TRuELS, REMUNERATIO 20?4 2023 Salari¢5 Sessional workers 38216 57.92 57.y?O 'Ihe average number of pan lime workcT5 in th¢ yL7r 4 (2023: 4). Sessional workers assisl with various actiVTti¢s of th¢ Project. No Tnjstee received any rcmuneration or were reimlxwsed for expK$es in the current or prcLLxiinI7 Apart from thc TrLLslec& kcy rnanagement Compri the Coordinor. Thc agrne remUne10n of kcy management amthJnLxl to £1 1.61 ?
ST. JOHNS COPAMUNrrY DEVELOPMEIIT PROJECT Notes to the Finanoal Statements for the year ended 31 December 2024 11. DEORs 2024 2023 Other dcbtor5 & wepaymcnLs 12. CREDITORS: xmo•nts f¥llin% dve TvithiD oue yar 2024 2023 Sundry creditor5 & aC¢nlS 6.935 6.935 13. ATF.mF.NT OF FUNIXS Balanc¢ 01-Jan-?4 Intotnkng ExpenditLW¢ Transfers ResourLYS BalancL' 31-D¢¥"_24 Restricted funds Senior citizens 4.840 4.840 44203) (44 703) 9.681 .681 49.044 The funds are granL5 and donattons givth by fund¢r5 to further particular asp¢ds of th¢ activites. IlalanL O l-JaTh- Incoming EXiditUrt Transf5 Resources Lypended Balance 31-1kn..?4 Summgry offTrnds General fidS Restrictcd funds 6.399 3.149 49.041 52.193 (4..547) (44 ?Oi) 48.751 2.124 9.681 11.804 J4. ANALYSI% OF i¥ET ASSETS BETWEEN FUNDS Cicncrnl Funds Restricted ["'unds Totals 70?4 c.urrent assets Current liabililies 18.739 (6,9)5) 11.8C 18.739 IS. CORPORATION T AXATION The ProjLcI is a reg4ste charity and is exemm from l&x on incnmc and gains falling within section 505 or the Taxes Aci 1988 ur section 252 of the TaLon of ChargL¥blc Gains Aci 1992 10 th¢ extent thai these arc applied to its charitable activities. 16 GOINC. CONCF.RN Th¢r¢ was a small unrestricied deficlt in the vear of £1.399 which h&8 rcductd the accumulated surplus Larricd for¥sard £1123. '11)e Charity Ll)ntinue lo make applications lo p)tential fundL'Th. The T¢¢$ con%ider that d¢bts will continue to be pald as they fall due and that sufficenl funding will Ix T¢¢¢ived to mcet the Chan5 Costs of operaiion. 71 are no significant of cessalion. io