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2021-12-31-accounts

Company registration number: 06128021 Charity registration number: 1119589

Grimethorpe Colliery Band Ltd

(A company limited by share capital)

Annual Report and Financial Statements

for the Year Ended 31 December 2021

Grimethorpe Colliery Band Ltd

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 3
Statement of Trustees' Responsibilities 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16

Grimethorpe Colliery Band Ltd

Reference and Administrative Details Trustees Mr P A Haigh Mr A Coe Colum O'Shea Claire Louise Taylor Mr James Dickinson Mr Craig Roberts (appointed 7 April 2021) Secretary Mr P A Haigh Principal Office Acorn Centre Grimethorpe Barnsley S72 7BB Company Registration Number 06128021 Charity Registration Number 1119589 Bankers HSBC Bank PLC Barnsley 5 Market Hill Barnsley South Yorkshire S70 2PY Accountants Integra (Yorkshire) Ltd Suite 1 The Green South Kirkby Pontefract WF9 3JX

Page 1

Grimethorpe Colliery Band Ltd

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 December 2021.

Objectives and activities

Objects and aims

The objective of the charity is to further the study, practice and encouragement of Brass Band Music in all its forms in order to foster public knowledge and appreciation of such music by means of public performances or otherwise including training and education of brass players.

Policies and structure of charity

The band has no paid employees.

All the bandsmen are classed as self-employed. The bandsmen do not receive any payments for playing at concerts, travel expenses/additinal duties are paid.

The Trustees give their time freely in order to promote the objects of the charity.

Objectives, strategies and activities

During the year the band competed in the following competitions: -

Yorkshire Area Finals at Bradford 11th Position - Conductor David Thornton

British Open Concert cancelled due to Covid Pandemic

National Brass Band Championships Concert cancelled due to Covid Pandemic

Brass in Concert – “Sage” Gateshead 6th Position, Conductor Dr David Thornton GCB won Best Flugel Player - M Walters

The band offices and rehearsal facilities continue to be made available at the Acorn Centre, Grimethorpe, on a rent-free basis from Barnsley M.B.C. (A monthly service charge is made to Barnsley MBC). The band is most grateful to Barnsley M.B.C. for this arrangement and appreciation is shown to Barnsley M.B.C. by the band giving a number of charity concerts for the council throughout the year.

The band was successful in obtaining a grant from BMBC to help offset any income loss incurred due to the Covid Pandemic. The band extends sincere thanks to BMBC, even though the band is unable to give concerts to obtain income, there are still overheads which need to be paid on a monthly basis.

The band continues to be an ambassador for the village of Grimethorpe, Barnsley and the UK overall.

Only 5 concerts were given due to the Covid Pandemic. Mr David Thornton continues to be the bands Muscial Director.

Public benefit

Grimethorpe/Besson Youth Band Workshops

Due to the Covid Pandemic there were no workshops organised in 2021.

Page 2

Grimethorpe Colliery Band Ltd

Trustees' Report

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Social investment policies

No investment risks are taken with the band finances. Any surplus funds are invested with HSBC in the Band’s Money Manager Account.

There are no surplus funds at the present time.

Financial instruments

Cash flow risk

The financial position of the band continues to be a cause for concern - even more so due to the Covid Pandemic.

The Trustees are continuing to take positive action to encourage companies/firms etc to sponsor the band, but in today's financial climate this is proving to be a very hard task.

Crowdfunder Appeal:

During the year a total of £1,190.00 was raised. The individuals donating are to be asked to complete a Gift Aid form so that additional income can be claimed (those who have donated must be tax payers so that Gift Aid can be claimed).

Arts Council England - Funding Application:

A grant of £33,261 was received from the Arts Council of Great Britain

A Trustee/Director of the band, Mr Craig Roberts, completed the appropriate forms for forwarding a funding application.

A further grant of £2,400 (initial amount) was received from PRSF - For an Education Project

Barnsley MBC - Donated £2,000 to the band to help towards paying the ongoing overheads the band has to pay during the Covid Pandemic. The band are very appreciative of their donation

Arts Council England - Funding Application:

A former Trustee/Director of the band Mr Craig Robert and the bands Musical Director have completed the appropriate forms for forwarding a funding application in early Janauary 2020.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 30 September 2022 and signed on its behalf by:

......................................... Mr P A Haigh Company Secretary and Trustee

Page 3

Grimethorpe Colliery Band Ltd

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Grimethorpe Colliery Band Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 30 September 2022 and signed on its behalf by:

......................................... Mr P A Haigh Company Secretary and Trustee

Page 4

Grimethorpe Colliery Band Ltd

Independent Examiner's Report to the trustees of Grimethorpe Colliery Band Ltd

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 16.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Grimethorpe Colliery Band Ltd (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Grimethorpe Colliery Band Ltd are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Grimethorpe Colliery Band Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

30 September 2022

Page 5

Grimethorpe Colliery Band Ltd

Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Other expenditure
7
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15
Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
5
Total income
Expenditure on:
Charitable activities
6
Other expenditure
7
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15
Unrestricted
funds
£
14,921
33,261
25,413
73,595
(4,498)
(43,692)
(9,605)
(57,795)
15,800
15,800
22,156
37,956
Unrestricted
funds
£
19,744
23,158
42,902
(18,429)
(12,303)
(30,732)
12,170
12,170
9,986
22,156
Total
2021
£
14,921
33,261
25,413
73,595
(4,498)
(43,692)
(9,605)
(57,795)
15,800
15,800
22,156
37,956
Total
2020
£
19,744
23,158
42,902
(18,429)
(12,303)
(30,732)
12,170
12,170
9,986
22,156

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 15.

Page 6

Grimethorpe Colliery Band Ltd

(Registration number: 06128021) Balance Sheet as at 31 December 2021

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: Amounts falling due within one year
14
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
15
2021
£
1,904
2,017
-
40,113
42,130
(6,078)
36,052
37,956
37,956
37,956
2020
£
3,241
2,638
8,685
9,137
20,460
(1,545)
18,915
22,156
22,156
22,156

For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 30 September 2022 and signed on their behalf by:

......................................... Mr P A Haigh Company Secretary and Trustee

Page 7

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

1 Charity status

The charity is limited by share capital, incorporated in .

The address of its registered office is: Acorn Centre Grimethorpe Barnsley S72 7BB

These financial statements were authorised for issue by the trustees on 30 September 2022.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Grimethorpe Colliery Band Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Page 8

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Income is stated net of VAT.

Concert fees

Income from concerts is recognised once the performance is complete.

Ticketing Income

Income from the sale of tickets is recognised upon receipt of payment.

Merchandising

Income from the sale of Band merchandise is recognised upon receipt of payment.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 9

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Page 10

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

Fund structure

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Regular giving and capital donations
4
Income from charitable activities
Conductors engagement
5
Income from other trading activities
Events income;
Other events income
Lotteries and competitions income
Unrestricted
funds
General
£
14,920
-
1
14,921
Unrestricted
funds
General
£
25,413
-
25,413
Total
2021
£
14,920
-
1
14,921
Unrestricted
funds
General
£
33,261
Total
2021
£
25,413
-
25,413
Total
2020
£
9,744
10,000
-
19,744
Total
2021
£
33,261
Total
2020
£
23,050
108
23,158

Page 11

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

6 Expenditure on charitable activities

Note
Conductors engaged
Bandsmen uniforms
Hotel accommodation and meals
Bandmen's subsistence and expenses
Hire of hall and room hire
Instrument spares and repairs
Purchase of music arrangements / CD
Merchandise
Engaged Players
Subscriptions
Performing rights
Coach Hire
Travelling expenses
Entry fees
Retaining fees
Depreciation of office equipment
Depreciation of instruments
Governance costs
Unrestricted
funds
General
£
10,800
695
152
-
3,059
60
931
11,900
526
54
4,080
2,922
2,083
-
597
740
5,093
43,692
Total
2021
£
10,800
695
152
-
3,059
60
931
11,900
526
54
4,080
2,922
2,083
-
597
740
5,093
43,692
Total
2020
£
4,083
162
2,343
750
300
125
505
3,440
326
118
3,825
1,394
-
248
150
660
-
18,429

In addition to the expenditure analysed above, there are also governance costs of £5,093 (2020 - £Nil) which relate directly to charitable activities. See note for further details.

7 Other expenditure

Note
Allocated support costs
Unrestricted
funds
General
£
9,605
9,605
Total
2021
£
9,605
9,605
Total
2020
£
12,303
12,303

Page 12

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

8 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Mr P A Haigh

Mr P A Haigh received remuneration of £Nil (2020: £600) during the year.

No trustees have received any reimbursed expenses from the charity during the year.

Page 13

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

9 Staff costs

The aggregate payroll costs were as follows:

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

2021 No

No employee received emoluments of more than £60,000 during the year.

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Tangible fixed assets

11 Tangible fixed assets
Cost
At 1 January 2021
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
12 Stock
Stocks
Furniture and
equipment
£
19,732
19,732
18,985
747
19,732
-
747
Instruments
£
66,231
Total
£
85,963
85,963
81,912
2,147
84,059
1,904
4,051
2020
£
2,638
19,732 66,231
18,985
747
62,927
1,400
19,732 64,327
- 1,904
747 3,304
2021
£
2,017

Page 14

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

13 Debtors

Trade debtors
Prepayments
14 Creditors: amounts falling due within one year
Trade creditors
VAT grant repayable
Accruals
15 Funds
Balance at 1
January 2021
£
Unrestricted funds
General
(22,156)
Balance at 1
January 2020
£
Unrestricted funds
General
(9,986)
Incoming
resources
£
(73,595)
Incoming
resources
£
(42,902)
2021
£
-
-
-
2021
£
3,077
1,651
1,350
6,078
Resources
expended
£
57,795
Resources
expended
£
30,732
2020
£
8,666
19
8,685
2020
£
33
12
1,500
1,545
Balance at 31
December
2021
£
(37,956)
Balance at 31
December
2020
£
(22,156)

Page 15

Grimethorpe Colliery Band Ltd

Notes to the Financial Statements for the Year Ended 31 December 2021

16 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Unrestricted
funds
General
£
1,904
42,130
(6,078)
37,956
Total funds
£
1,904
42,130
(6,078)
37,956

17 Analysis of net funds

17 Analysis of net funds
Cash at bank and in hand
Net debt
At 1 January
2021
£
9,137
9,137
Cash flow
£
At 31 December
2021
£
30,976
40,113
30,976
40,113
40,113

Page 16

Grimethorpe Colliery Band Ltd

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
2021
Unrestricted
funds
General
£
14,921
33,261
25,413
73,595
(4,498)
(43,692)
(9,605)
(57,795)
15,800
15,800
22,156
37,956
2021
Total
£
14,921
33,261
25,413
73,595
(4,498)
(43,692)
(9,605)
(57,795)
15,800
15,800
22,156
37,956
Total
2020
£
19,744
-
23,158
42,902
-
(18,429)
(12,303)
(30,732)
12,170
12,170
9,986
22,156

Page 17

Grimethorpe Colliery Band Ltd

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Donations and legacies
Committed giving
Sundry Donations
UK Government grants
Charitable activities
Grants receivable
Other trading activities
Other income
Concert fees and engagements
BBC Income
2021
2021
Unrestricted
funds
General
£
Total
£
1
1
14,920
14,920
-
-
14,921
14,921
2021
2021
Unrestricted
funds
General
£
Total
£
33,261
33,261
33,261
33,261
2021
Unrestricted
funds
General
£
Total
£
1,129
1,129
24,284
24,284
-
-
25,413
25,413
Total
2020
£
-
9,744
10,000
19,744
Total
2020
£
-
-
Total
2020
£
2,464
20,586
108
Unrestricted
funds
General
£
1,129
24,284
-
25,413
23,158

Page 18

Grimethorpe Colliery Band Ltd

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Raising funds
Charitable donations
Charitable activities
Conductors engaged
Bandsmen uniforms
Hotel accommodation and meals
Bandmen's subsistence and expenses
Hire of hall and room hire
Instrument spares and repairs
Purchase of music arrangements / CD Merchandise
Engaged Players
Subscriptions
Performing rights
Coach Hire
Travelling expenses
Entry fees
Retaining fees
Depreciation of office equipment
Depreciation of instruments
Playalong Project
2021
Unrestricted
funds
General
£
(4,498)
(4,498)
2021
Unrestricted
funds
General
£
(10,800)
(695)
(152)
-
(3,059)
(60)
(931)
(11,900)
(526)
(54)
(4,080)
(2,922)
(2,083)
-
(597)
(740)
(5,093)
(43,692)
2021
Total
£
(4,498)
(4,498)
2021
Total
£
(10,800)
(695)
(152)
-
(3,059)
(60)
(931)
(11,900)
(526)
(54)
(4,080)
(2,922)
(2,083)
-
(597)
(740)
(5,093)
(43,692)
Total
2020
£
-
-
Total
2020
£
(4,083)
(162)
(2,343)
(750)
(300)
(125)
(505)
(3,440)
(326)
(118)
(3,825)
(1,394)
-
(248)
(150)
(660)
-
(18,429)

Page 19

Grimethorpe Colliery Band Ltd

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Other expenditure
Treasurer's salary
Acorn centre charges
Light and heat
Travel and instrument insurance
Telephone
Office expenses
Sundry expenses
Accountancy fees
Bank charges
2021
Unrestricted
funds
General
£
(300)
(3,409)
34
(1,636)
(259)
(1,457)
(1,319)
(1,038)
(221)
(9,605)
2021
Total
£
(300)
(3,409)
34
(1,636)
(259)
(1,457)
(1,319)
(1,038)
(221)
(9,605)
Total
2020
£
-
(3,403)
(2,179)
(1,409)
(255)
(3,000)
(384)
(1,538)
(135)
(12,303)

Page 20