## 

||Page||
|---|---|---|
|Legal and Administrative<br>Information|||
|Trustees'<br>Report (including<br>Directors' Report and Strategic Report)|||
|Statement oftrustees'<br>responsibilities|||
|Independent<br>auditor's<br>report||12|
|Consolidated<br>Statement of Financial Activities||16|
|Charity and Consolidated<br>Balance Sheets||18|
|Consolidated<br>Statement of Cash Flows||19|
|Notes to the financial statements||20|





## 

## 

||||||||
|---|---|---|---|---|---|---|
|Trustees|and Directors||Paul Armstrong||||
||||Debra Beater||||
||||Nigel Brunning||||
||||Helen gurge||||
||||Matthew<br>Burrell||||
||||Cheryl Campbell||||
||||Jonathan<br>Coates||||
||||Gary Corban|Chair|of Finance||
||||Wendy Farrier||||
||||Alison Jefferson|Resigned 03 November||2022|
||||Luci Jones||||
||||Stephen Lester|Chair|ofTrustees||
||||Ben March||||
||||Stephen<br>Rayner||||
||||Yvonne Spencer||||
||||Trevor Summerson|Resigned 29September||2022|
||||Sandy Tomlinson|Resigned 12April 2023|||
||||Michael White|Resigned 31May 2022|||
|Chief Executive|||Stephen<br>Morales||||
|Company|Secretary||Stephen Morales||||
|Charity number|||1114623||||
|Company|number||3425492||||
|Principal|address and registered|offfce|Highdown<br>House||||
||||11Highdown<br>Road||||
||||Leamington<br>Spa||||
||||CV311XT||||
|Auditor|||UHY Hacker Young (Birmingham)||LLP||
||||9 - 11Vittoria Street||||
||||Birmingham||||
||||813ND||||
|Bankers|||The Royal Bank ofScotland|pic|||
||||757Attercliffe Road||||
||||Sheffield||||
||||593RF||||





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||||||Notes|Unrestricted|Designated|2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Total Funds|Total Funds|
||||||||E|E||
|Incoming from:||||||||||
|Donations<br>and legacies||||||||||
|Income from charitable|activities:||||4|201,176||201,176|224,910|
|Charitable<br>activities||||||||||
|Income from other trading activities:|||||5|1,033,618|1,066,839|2,100,457|1,561,757|
|Other trading activities||||||||||
|Investments||||||1,662||1,662|237|
|Total income||||||1,236,456|1,066,839|2,303,295|1,786,904|
|Expenditure<br>on:||||||||||
|Expenditure<br>on charitable||activities:||||||||
|Charitable<br>activities|||||7|859,985||859,985|723,916|
|Expenditure<br>from other|trading activities:|||||||||
|Other trading activities|||||10|476,455|1,028,532|1,504,987|1,168,195|
|Total expenditure||||||1,336,440|1,028,532|2,364,972|1,892,111|
|Net incoming/(outgoing)<br>transfers||resources|before|||(99,984)|38,307|(61,677)|(105,207)|
|Gross transfers<br>between||funds|||21|38,307|(38,307)|||
|Net expenditure<br>for the <br>funds||year/Net|movement|in||(61,677)||(61,677)|(105,207)|
|Funds balances at 31March 2022||||||209,186||209,186|314,393|
|Funds balances at 31March 2023||||||147,509||147,509|209,186|





## 

||||||Notes|Unrestricted|Designated|2022|
|---|---|---|---|---|---|---|---|---|
|PRIOR FINANCIAL YEAR||||||Funds|Funds|Total Funds|
||||||||f||
|Incoming from:|||||||||
|Donations<br>and legacies|||||||||
|Income from charitable|activities:|||||224,910||224,910|
|Charitable<br>activities|||||||||
|Income from other trading activities:||||||796,594|765,163|1,561,757|
|Other trading activities|||||||||
|Investments||||||237||237|
|Total Income||||||1021,741|7661661706004||
|Expenditure<br>on:|||||||||
|Expenditure<br>on charitable||activities:|||||||
|Charitable<br>activities||||||723,916||723,916|
|Expenditure<br>from other trading activities:|||||||||
|Other trading activities|||||10|486,327|681,868|1,168,195|
|Total expenditure||||||1210,240|601,0001002111||
|Net incoming/(outgoing)<br>transfers||resources before||||(188,502)|83,295|(105,207)|
|Gross transfers between||funds|||21|83,295|(83,295)||
|Net expenditure<br>forthe <br>funds|year/Net||movement|in||(105,207)||(105,207)|
|Funds balances at 31March 2021||||||314,393||314,393|
|Funds balances at 31March 2022||||||200 106||209,186|





## 

|INSTITUTE OF SCHOOL BUSINESS LEADERSHIP<br>{ACompany<br>limited<br>by Guarantee)|INSTITUTE OF SCHOOL BUSINESS LEADERSHIP<br>{ACompany<br>limited<br>by Guarantee)|INSTITUTE OF SCHOOL BUSINESS LEADERSHIP<br>{ACompany<br>limited<br>by Guarantee)|INSTITUTE OF SCHOOL BUSINESS LEADERSHIP<br>{ACompany<br>limited<br>by Guarantee)|INSTITUTE OF SCHOOL BUSINESS LEADERSHIP<br>{ACompany<br>limited<br>by Guarantee)|||||||||18|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|CHARITY AND CONSOLIDATED BAlANCE SHEETS FOR|||||THE||YEAR ENDED 31MARCH 2023|||||||
|||||Notes||||Group||Charity||Group|Charity|
|||||||||2023||2023||2022|2022|
|||||||||||||E||
|Fixed assets||||||||||||||
|Intangible<br>assets|||||14|||54,490||54,490||68,402|68,402|
|Tangible assets|||||15|||630||630||2,994|2,994|
|Fixed asset investments|||||16|||||1|||1|
|||||||||55,120||55,121||71,396|71,397|
|Current assets||||||||||||||
|Debtors|||||17||1,022,784|||47,406||402,988|95,416|
|Cash at bank and in|hand||||27|||415,936||241,490||689,612|268,932|
||||||||1,438,720|||288,896|1,092,600||364,348|
|Creditors: amounts|falling|due within one year|||18||(1,346,331)||{?64,334)||(954,810)||(365,985)|
|Net current assets/{liabilities)||||||||92,389||24,562||137,790|(1,637)|
|Total assets less current liabilities||||||||147,509||79,683||209,186|69,760|
|Net assets||||||||147,509||79,683||209,186|69,760|
|Income funds||||||||||||||
|Unrestricted<br>funds||||||||||||||
|Other unrestricted|funds|||||||147,509||79,683||209,186|69,760|
|Designated<br>funds|||||21|||147,00079,000||||109,106|69760|
|The charitable<br>company||is entitled|to the exemption||from the|||audit requirement<br>contained||||in section 477 of the||
|Companies<br>Act 2006, for the year ended 31March 2023,||||||although||an audit has been carried|||out under section 151of|||
|the Charities<br>Act 2011. No member|||of the charitable|||company||has deposited||a notice,|pursuant<br>to||section 476,|
|requiring<br>an audit ofthese financial statements||||under|the||requirements<br>ofthe Charities Act||||2011.|||






## 

## 

||||Notes|2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Cash flows from operating|activities|||||
|Cash (used in)/generated|from operations||26|(275,338)|56,300|
|Investing activities||||||
|Purchase oftangible fixed|assets||15|||
|Purchase ofintangible<br>assets|||14||(69,561)|
|Interest received|||6|1,662|237|
|Net cash generated/(used|in) investing|activities||1,662|(69,324)|
|Net decrease in cash and cash equivalents||||(273,676)|(13,024)|
|Cash and cash equivalents|at beginning|ofperiod|27|689,612|702,636|
|Cash and cash equivalents|at end ofperiod|||415,936|689,612|
|Cash per balance sheet||||415,936|689,612|





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|3|Donations<br>and legacies|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|2023|2022|
|||||funds|funds|||
||||||f|f|f|
||Grants receivable for core activities|||||||
||Foryear ended 31March|2023||||||
|4|Chadtable<br>activities|||Memberships|Other activities|2023|2022|
|||||f||f|f|
||Membership<br>income|||187,738||187,738|211,886|
||Conference income|||||||
||Training income|||||||
||Consultancy<br>income||||2,600|2,600|6,852|
||Other income||||10,838|10,838|6,172|
|||||187730|13438|201176|224910|
||Priorjfnancial year|||||||
||Membership<br>income|||211,886|||211,886|
||Conference income|||||||
||Training income||||6,852||6,852|
||Consultancy<br>income||||6,172||6,172|
|||||211086|13,024||224,910|
|5|Other trading activities|||Unrestricted<br>funds|Designated<br>funds|2023|2022|
|||||f|f|f|f|
||Income from trading activities|||1,033,618|1,066,030|2 100,457|1,561,757|
||Forthe year ended 31March 2022|||796,594|765,163||1,561,757|
|6|Investments|||Unrestricted|Designated|2023|2022|
|||||funds|funds|||
|||||f|f|f|f|
||Interest receivable|||1,662||1,662|237|
||Forthe year ended 31March 2022|||237|||237|
|7|Expenditure||Staff Costs|Premises Costs|Other Costs|2023|2022|
|||||||f|f|
||Expenditure<br>on charitable|activies||||||
||Charitable<br>activities||390,109|42,911|426,965|859,985|723,916|
||Forthe year ended 31March 2022||456 405|40,274|227,237||723,916|





## 

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## 

|Charitable|activities||Member|Conference &|Other|||
|---|---|---|---|---|---|---|---|
||||ships|training|activities|2023|2022|
||||E|E|E|E|E|
|Training costs|||||||2,297|
|Marketing|||||||13,404|
||||||||15,701|
|Share ofsupport costs (see note 9)|||840,011|||840,011|659,480|
|Share ofgovernance||costs (see note 9)|19,974|||19,974|64,436|
||||859,985|||859,985|723,916|
|Analysis<br>by fund||||||||
|Unrestricted|funds||859,985|||859,985|723,916|
|Designated|funds|||||||
||||859,985|||859,985|723,916|
|For the period ended||31March 2022||||||
|Unrestricted|funds||723,916||||723,916|
|Designated|funds|||||||
||||723,916||||723,916|



## 

|Other activities|||||||
|---|---|---|---|---|---|---|
|General charitable<br>activities undertaken||by the organisation.|||||
|Suppoftcosts||||Governance|||
||||Support costs|costs|2023|2022|
|||||E|E|f|
|Staff costs|||390,109||390,109|456,405|
|Staff training<br>and other|staff costs||470||470|2,297|
|Depreciation|||16,276||16,276|27,728|
|Operating<br>lease charges|||24,947||24,947|39,173|
|Premises costs|||881||881|1,101|
|Travel and subsistence|costs||6,118||6,118|3,200|
|Computer<br>and website|costs||31,356||31,356|49,819|
|Office costs|||22,401||22,401|31,020|
|VAT partial exemption|||23,411||23,411|25,406|
|Trustee expenses|||59||59|733|
|Bank and finance charges|||4,637||4,637|6,200|
|Loss on disposal ofassets||||||16,398|
|GovNet support fees|||273,168||273,168||
|Audit fees||||8,800|8,800|8,925|
|Legal and professional|costs|||11,174|11,174|55,511|
|GovNet Profit Share|||46,178||46,178||
||||840,011|19,974|859,985|723,916|





## 

|10|Other trading activities|||||||||||Unrestricted<br>Designated|Unrestricted<br>Designated|Unrestricted<br>Designated|Unrestricted<br>Designated|Unrestricted<br>Designated||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||funds||funds||2023|2022|
|||||||||||||||f|||f.|f|f|
||Expenditure<br>from trading|activities (see note 25)||||||||||||476,455|1,028,532|||1,504,987|1,168,195|
||Forthe year ended 31March|||2022||||||||||468,327||681,868|||1,168,196|
|11|Net movement<br>in funds|||||||||||||||||2023|2022|
|||||||||||||||||||f|f|
||Net movement<br>in funds<br>is|stated after charging/(crediting):||||||||||||||||||
||Depreciation ofowned tangible<br>fixed assets|||||||||||||||||2,364|4,704|
||Amortisation<br>ofintangible|assets||||||||||||||||13,912|23,024|
||Operating<br>lease charges|||||||||||||||||24,947|39,173|
||Audit ofthe group's<br>annual||accounts|||||||||||||||8,800|8,950|
|12|Trustees|||||||||||||||||||
||None ofthe Trustees (or any|||persons connected||||with||them)||received any remuneration<br>from||||||the charity|during the|
||period, but two ofthem were|||reimbursed||a total||off332 (2022:|||||f732)for travelling|||and subsistence<br>expenses (2022:||||
||2were reimbursed).|||||||||||||||||||
||During the period, directors||5 Lester, M||Burrell,|||P Armstrong,||||S|Rayner, I Coates,||A Jefferson,|||H Burge and G Corban||
||had access to free attendance|||at the National|||Conference||||at|a|cost of f525 each;|||J Marchant||and 5 Tornlinson<br>had||
||access to free attendance||to|part of the||National|||Conference||||at a total cost of|||f775.|The|f4,975 of|conference|
||expenses have been included|||in the cost|ofthe National|||||Conference||||(2022:f4,470).||||||
|13|Employees|||||||||||||||||||
||Number ofemployees|||||||||||||||||||
||The average monthly<br>number|||ofemployees||during the||||period||was:||||||2023|2022|
|||||||||||||||||||Number|Number|
||Direct charitable<br>and support|||staff||||||||||||||9|12|
||Employment<br>costs (Group)|||||||||||||||||2023<br>f|2022<br>f|
||Wages and salaries|||||||||||||||||307,795|361,918|
||Social security costs|||||||||||||||||30,651|36,152|
||Other pension costs|||||||||||||||||37,052|41,834|
|||||||||||||||||||375,498|439,904|
||Employment<br>costs (Charity)|||||||||||||||||2023|2022|
|||||||||||||||||||f|f|
||Wages and salaries|||||||||||||||||199,010|272,002|
||Social security costs|||||||||||||||||17,347|26,806|
||Other pension costs|||||||||||||||||23,812|35,467|
|||||||||||||||||||240,169|334,275|
||The number ofemployees|whose annual|||remuneration|||||was|f60,000or more were:|||||||||
|||||||||||||||||||2023|2022|
||f60,001 -f70,000|||||||||||||||||1||
||f70,001 -f80,000|||||||||||||||||||
||f90,001 -f100,000|||||||||||||||||||
||f100,001 - f110,000|||||||||||||||||1|1|



## 

## 



## 

|14|Intangible<br>assets<br>Group and Charity||||||||||||Software<br>f|Total<br>f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Cost||||||||||||||
||As at 1April 2022||||||||||||69,561|69,561|
||Additions||||||||||||||
||Disposals||||||||||||||
||As at 31March 2023||||||||||||69,561|69,561|
||Amortisation||||||||||||||
||As at 1April 2022||||||||||||1,159|1,159|
||Amortisation<br>charge|for the|period||||||||||13,912|13,912|
||Disposals||||||||||||||
||At 31March 2023||||||||||||15,071|15,071|
||Net book value||||||||||||||
||As at 1April 2022||||||||||||68,402|68,402|
||At 31March 2023||||||||||||54,490|54,490|
|15|Tangible assets||||||||||||||
||Group and Charity|||||||||Fixtures|Ik||||
|||||||||||Fittings||Computers||Total|
||||||||||||f|||E|
||Cost||||||||||||||
||At01April 2022|||||||||16,861|||17,040|33,901|
||Additions||||||||||||||
||At 31March 2023|||||||||16,861|||17,040|33,901|
||Depreciation||||||||||||||
||At 01April 2022|||||||||16,856|||14,051|30,907|
||Depreciation<br>charge|for the|period||||||||5||2,359|2,364|
||At 31March 2023|||||||||16,861|||16,41D|H, 271|
||Net book value||||||||||||||
||At 31March 2022||||||||||5||2,989|2,994|
||At 31March 2023||||||||||||630|630|
|16|Fixed asset investments||||||||||||||
||The charity holds 1share of||f1 in its wholly owned trading|||||subsidiary||company,||158L|Trading<br>Limited, which<br>is||
||incorporated<br>in the|United|Kingdom.|These|are the||only||shares|allotted,|called||up and<br>fully|paid. The|
||activities and results|ofthis|company are summarised|||in|note||25.||||||
|17|Debtors||||||||Group||||Charity||
||||||||||2023|2022|||2023|2022|
||||||||||f||f||E|E|
||Trade debtors||||||543,277|||180,817|||11,305|250|
||Amounts<br>owed lo group undertakings|||||||||||||82,329|
||Other taxation<br>and social security||||||||||||12,730||
||Other debtors||||||433,200|||195,819|||||
||Prepaymenls<br>and accrued income|||||||46,307||26,352|||23,371|12.837|
||||||||1,022,784|||402,988|||47,406|95,416|





## 

## 

|(A Company<br>Limited by Guarantee)|(A Company<br>Limited by Guarantee)|(A Company<br>Limited by Guarantee)|(A Company<br>Limited by Guarantee)|(A Company<br>Limited by Guarantee)||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL STATEMENTS FOR|||||THE YEAR|||ENDED 31MARCH|||2023 (cont'd)|||||
|18|Creditors: amounts<br>falling due within|||one year|||||Gmup|||Charity||||
||||||||||2023<br>f||2022<br>f|2023<br>f|||2022f|
||Other taxation<br>and social security||||||||78,734||67,952|11,126|||14,934|
||Deferred income (see Note 19)||||||||493,867||395,140|66,251|||79,158|
||Trade creditors||||||||26,462||167,590|4,311|||26,696|
||Amounts<br>owed by group undertakings|||||||||||43,403|||202,771|
||Other creditors||||||||5,697||10,200|4,250|||1,267|
||Accruals||||||||741,571||313,928|134,993|||41,159|
||||||||||1,346,331||954,810|264,334|||365,985|
|19|Deferred income||||||||Group|||Charity||||
||||||||||2023||2022|2023|||2022|
||||||||||f||f|f|||f|
||Adising from charitable<br>activities||||||||66,251||79,158|66,251|||79,158|
||Arising from trading activities||||||||427,616||315,982|||||
||||||||||493867||39514D|66251|||79158|
||Deferred income is included<br>in the||financial|||statements|||as follows:|||||||
||||||||||Group|||Charity||||
||||||||||2023||2022|2023|||2022|
||||||||||||f|f|||f|
||Deferred income at01April 2022||||||||395,140||390,228|79,158|||97,055|
||Resources deferred<br>during the period||||||||493,867||389,630|66,251|||79,158|
||Amounts<br>released from previous|period|||||||(395,140)||(384,718)|(79,158)|||(97,055)|
||Deferred income at 31March 2023||||||||493,867||395,140|66,251|||79,158|
||Deferred<br>income<br>arises where|income|||has been|||received<br>in respect of membership<br>income,||||||approved||
||partner<br>income,<br>conference<br>events|||and|training|||courses<br>that||have|not yet been|fully<br>provided|||by the|
||company.|||||||||||||||
|20|Retirement<br>benefit schemes|||||||||||||||
||Defined contribution<br>schemes|||||||||||||||
||The charitable<br>company<br>operates||a defined|||contribution<br>pension||||scheme for all qualifying<br>employees.<br>The||||||
||assets<br>of the<br>scheme<br>are<br>held|separately||||from||those of the||charitable<br>company||in an|independently|||
||administered<br>fund. The charge to profit or|||||loss in|respect ofthe defined contribution|||||schemes|was||f37,051|
||(2022:f49,153).|||||||||||||||
|21|Designated<br>funds|||||||||||||||
||Group|||||As at<br>1 April<br>2022|||Incoming<br>resources|Resources<br>expended<br>Transfers||||As at<br>31March<br>2023||
||||||||f||||||||f|
||Training —SRMA Induction<br>&Accredit4|||||||||||||||
||Training —SRMA Deployment||||||||840,933||(840,933)|||||
||Training —SRMA Supply||||||||170,446||(147,433)|(23,013)||||
||Training —Clerking Programme|||||||||||||||
||Training-<br>DfE CFO Mentoring||||||||55,460||(40,166)|(15,294)||||
||Training —DfE —ICFP Contract||||||||1,D66,839|~2,928,532 ~38,397||||||





|Group||||As at<br>1 April<br>2021|Incoming<br>resources|Resources<br>expended|Transfers|As at<br>31March<br>2022|
|---|---|---|---|---|---|---|---|---|
|||||||E|E|E|
|Training|—DfE CFO|Mentoring|||5,240|(3,409)|(1,831)||
|Training|-SRMA induction||&Accredit;||545,891|(545,891)|||
|Training|—SRMA Deployment||||158,305|(107,832)|(50,473)||
|Training|—Clerking|Programme|||121||(121)||
|Training|—DfE —ICFP Contract||||55,606|(24,736)|(30,870)||
||||||765,163|(681,868)|(83,295)||
|Charity|||||Incoming|Resources|||
|||||2022|resources|expended|Transfers|2023|
||||||E|E|E|E|
|Training|—Clerking|Programme|||||||
|Charity|||||Incoming|Resources|||
|||||2021|resources|expended|Transfers|2022|
|||||E|E|E|||
|Training|—SRMA Supply||||||||
|Training|—Clerking|Programme|||||||



## 



## 

|22|Analysis ofnet assets between funds|Analysis ofnet assets between funds|Analysis ofnet assets between funds|||||Unrestricted<br>Funds|Unrestricted<br>Funds|Designated<br>Funds||2023|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Group||||||||f|f|||
||Fund balances at|31March 2023|are|represented||by:|||||||
||Intangible<br>assets||||||||54,490|||54,490|
||Tangible assets||||||||630|||630|
||Current assets/(liabilities)||||||||92,389|||92,389|
||||||||||147,509|||147,509|
||Group|||||||Unrestricted<br>Funds||Designated<br>Funds||2022|
||Fund balances at|31March 2022|are represented|||by:|||f|f||f|
||Intangible<br>assets||||||||68,402|||68,402|
||Tangible assets||||||||2,994|||2,994|
||Current assets/(liabilities)||||||||137,790|||137,790|
||||||||||209 186|||209,186|
||Charity|||||||Unrestricted<br>Funds||Designated<br>Funds||2023|
||Fund balances at|31March 2023 are represented||||by:|||f|f||f|
||Intangible<br>assets||||||||54,490|||54,490|
||Tangible assets||||||||630|||630|
||Fixed Asset Investments||||||||1|||1|
||Current assets/(liabilities)||||||||24,562|||24,562|
||||||||||79683|||79,683|
||Charity<br>Fund balances at|31March 2022 are represented||||by:||Unrestricted<br>Fundsf||Designated<br>Funds<br>E||2022<br>f|
||Intangible<br>assets||||||||68,402|||68,402|
||Tangible assets||||||||2,994|||2,994|
||Fixed Asset Investments||||||||1|||1|
||Current assets/(liabilities)||||||||(1,637)|||(1,637)|
||||||||||69,760|||69,760|
||Operating<br>lease commitments||||||||||||
||Lessee||||||||||||
||At the reporting|end date, the|charitable||group|had|outstanding||commitments|for future|minimum|lease|
||payments<br>under non- cancellable||operating||leases, which||fall due|as|follows:||||
||Group and charity|||||||||2023||2022|
||Expiry date:|||||||||f||f|
||Within one year|||||||||34,701||34,701|
||Between two and|five years||||||||8,513||42,213|
|||||||||||43,214||76,914|
|24|Related party transactions||||||||||||
||Remuneration<br>of|key management|personnel|||||||2023||2022|
||The remuneration|of key management||personnel||is as follows:||||f||f|
||Aggregate<br>compensation|||||||||191,977|163,478||
|||||||||||191,977|163,478||





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