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2020-12-31-accounts

ST PETER'S CHURCH, DE BEAUVOIR TOWN

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Page 1

Contents

  1. Administrative details of the charity and trustees ............................. Page 3 2. Trustees' report .................................................................................... Page 4 3. Independent examiner's report ........................................................... Page 7

This report was approved by the PCC standing committee on 20[th] May 2021 and signed on their behalf by:

................................................ Jay Wilkes, Lay Vice-chair

Page 2

1. Administrative details of the charity and trustees

Trustees and members of the parochial church council (PCC)

Revd. Julia Porter-Pryce, Chair Sarah Dallas Anna Dalton Mae Fredericks Paul Snow Boachie Dankwah Jeannette Wilkes from 4 October 2020 Amanda Davies Hope Fredericks Amanda Bart-Plange Gillian Borrie Wasiu Eleshin Jacqueline Grace Kate Green Jane King Liz Kohler from 4 October 2020 Eckart Marchand Lorna Whilby from 4 October 2020 Stephen King from 13 December 2020 Rosie Wesemann from 13 December 2020 Lynn Broadhead up to 4 October 2020 Ben Oddoye up to 4 October 2020

Charity registered number

1130111

Principal office

St Peter’s Vicarage, 86 de Beauvoir Road, London N1 5AT

Bankers

National Westminster Bank Plc Stoke Newington High Street, London N16 7GA

Website

www.stpeterdebeauvoir.org.uk

Page 3

2. Trustees' report

St Peter's Church is situated in De Beauvoir Town, Hackney, London, N1. It is part of the Diocese of London within the Church of England.

Objectives and Activities

a. Policies and objectives

St Peter’s PCC has the responsibility of cooperating with the vicar and other parish clergy to promote the whole mission of the church, pastoral, evangelistic, social and ecumenical within the parish. It also has maintenance responsibilities for the whole church building, including the crypt and the parish house at 16 De Beauvoir Road.

The church relies substantially upon the commitment, enthusiasm and professionalism of many volunteers, both within the church and from the wider community and is profoundly grateful to them.

b. Public Benefit Statement

In producing their assessment of the benefit to the public provided by the charity, the trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefits, Charities and Public benefit.

c. Activities undertaken and achievements

The church is a thriving place of worship. As a parish church it remains a focus of much community activity and also attracts a wider geographical spread of worshippers. Inclusive congregational events including Lent programmes, Christmas carols and other services, Harvest supper, and the Petertide barbeque mark the church year.

Our outreach activities evidence our core mission and include the Winter Nightshelter, the Freedom Club, Noisy Church, a Community Café and various activities for young people. Among our current projects is support for homeless people, mothers and young children and refugees with support for Hackney Playbus, Happy Babies and Woven Gold choir.

Our buildings are a valued community space used by a wide range of mission based and community activities. Income from this source continues to develop satisfactorily but during the year 2020 the Covid-19 pandemic impacted adversely on resources and made some of the above activities impossible.

Mrs Julie Talbot is our Operations Manager and Mr Haren Copeland carries out building maintenance and repairs.

Page 4

Achievements and performance

a. Financial review

The PCC’s Funds are divided into General, Restricted and Endowment Funds. Restricted Funds can only be used for the purpose for which they are established and we benefit from income derived from the Endowment Funds.

Total income was £117,781 (2019 - £174,497) including £42,176 (2019 - £46,366) planned giving by the congregation. Loose plate collections and donations, supplemented by Gift Aid claims add significantly to this income. Income from letting church and crypt premises was only £24,434 (2019 - £63,845) but a pleasing diversity of users are returning now that pandemic restrictions are easing. We also benefit from the huge and irreplaceable voluntary input from a wide section of the community into our various activities.

Our biggest single item of expenditure was our contribution of £40,600 (2019 - £80,600) to the Common Fund. This had to be reduced because total expenditure exceeded income in 2019 and 2020 and the contribution will be even lower in 2021 but we look forward to meeting the challenge of being able to increase this again soon.

b. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

c. Reserves policy

Reserves are designed to act as a cushion against uncertainties about future risks and costs. The major uncertainties are: maintenance of the fabric of this historic Victorian church and crypt; possible fluctuations in the letting income; the need for continuing investment in staff and maintenance in the crypt space and possible loss of income from 16 De Beauvoir Road, which was unoccupied for part of the year 2020.

The PCC considers that free reserves of six months' income are prudent and reviews this policy annually. At the balance sheet date, unrestricted funds stood at £123,659 (2019 - £152,673); this does include designated funds but exceeds 6 months income in a more normal year.

Regular activities have had to be curtailed as a result of the coronavirus outbreak. Whilst the church had significant reserves at 31 December 2019, these have been utilised in part to cover a significant reduction in income. The PCC is reviewing the finances of the church and its obligations closely to ensure that it uses the reserves prudently.

Page 5

Structure, governance and management

a. Constitution

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission (charity number 1130111).

b. Method of appointment or election of Trustees

The method of appointment of Church Wardens and PCC members is set out in the Church Representation rules.

c. Organisational structure and decision making

All church attendees are encouraged to register on the Electoral Roll and at the Annual Parish Church Meeting held on 4 October 2020 there were 163 (2019 - 155) members. Day to day management is carried out by the incumbent, church wardens and PCC members although early in 2021 our incumbent retired and we hope that she will be replaced before the end of 2021.

The PCC carries out its work through regular meetings and also through teams, sub-Committees and ad-hoc groups. The Standing Committee has the power to transact the business of the PCC between meetings.

In addition, several teams contribute to the management of the church: Building, Communications, Community, Events, Pastoral, Stewardship, Finance, Worship and Youth.

All buildings are fully insured and regular fire inspections held. A safeguarding policy is in place and the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults.

d. Risk management

The PCC members have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Plans for future periods

Before the coronavirus outbreak, the PCC envisaged a period of consolidation coupled with a drive to increase the involvement of the local community who do not worship regularly but who value the presence of the church. It is now recognised more than ever that community fundraising will be vital to rebuilding the church in the years ahead – both financially and socially.

Page 6

3. Independent examiner's report

Accounts for the year ended 31[st] December 2020

Respective responsibilities of the P.C.C and the examiner

The P.C.C. members acting as the charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts under section 145 of the Charities Act

to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.

Basis of the Independent Examiner’s statement

My examination was carried out in accordance with the general directions given by the Charity Commission and the guidance published in the PCC Accountability (The Charities Act 2011 and the PCC, 5[th] edition). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records

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

Date: 18[th] May 2021

Signed:

Stephen Hendy

Page 7

Statement of Financial Activities

Unrestricted
Restricted
Endowment
Total
Prior year
funds
funds
funds
funds
total funds
Receipts
Planned giving
Collections and other giving
Other voluntary receipts
Gift Aid recovered
Other receipts
Activities for generating funds
Investment Income
Receipts from church activities
Total income
Payments
Cost of generating funds
Missionary and Charitable Giving
Parish Share
Clergy and Staffing costs
Church Running Expenses
Hall Running Costs
Church Repairs & Maintenance
Hall Repairs & Maintenance
Governance Costs
Total expenditure
Net income / (expenditure) resources before
transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
Net movement in funds
Total funds brought forward
Total funds carried forward
Represented by
Unrestricted
General fund
Designated
16 De Beauvoir
Community Development
Crypt & Heating & Refurbishment
De Beauvoir Welcome Refugees
Deposit
Legacy
Medical Supplies
Revaluation reserves
Trade
Restricted
Agency collection
Community Development
Crypt & Heating & Refurbishment
De Beauvoir Welcome Refugees
Donations for Gifts
Nightshelter
42,176


42,176
46,366
4,673


4,673
12,837
2,223
318

2,541
(70)
10,490


10,490
8,523
5,891


5,891
3,157
37,134


37,134
84,645
14,098


14,098
15,181
774


774
3,856
117,463
318

117,781
174,497
2,264


2,264
916
263
4,164

4,427
7,813
40,600


40,600
79,302
38,862


38,862
43,022
17,073


17,073
23,674
43,670


43,670
30,932
1,450


1,450
10,669




714
6,459


6,459
7,430
150,643
4,164

154,808
204,475
(33,180)
(3,846)

(37,026)
(29,977)
18,588


18,588
237,663
(17,870)
(718)

(18,588)
(237,663)
3,448


3,448
63,091
(1,803)


(1,803)
2,580
(30,816)
(4,564)

(35,381)
35,694
154,476
17,974
670,154
842,605
806,910
123,659
13,409
670,154
807,223
842,605
75,543


75,543
88,668
2,732


2,732
20,000
29,475


29,475
31,964










780


780
679
11,485


11,485
13,165
195


195

3,448


3,448

0


0

















9,382

9,382
9,382

500

500
1,100

354

354
4,201

Page 8

Organ
Parish Retreat 118
Trade 0 0
Vicar & Warden 3,173 3,173 3,173
Youth Project
Endowment
Endowment 670,154 670,154 670,154

Balance sheet

Class and code
Description
This year
Last year
Fixed assets
6431
M&G Charifund Income Units G
6434
Vicarage & Hall Endowment B
6435
Vicarage Endowment C
6436
St Peter's Hall D
6437
16 De Beauvoir Road
6440
Plant & Machinery
Total Fixed assets
Current assets
6501
NatWest Current account
6503
Barclay Current account
6504
NatWest Deposit account
6510
CCLA (CBF) Deposit Account
6511
CCLA V&W Deposit Account
6595
Other Debtors
6596
Prepayments & accrued income
Total Current assets
Liabilities
6601
Loans received
6605
Deferred income
6699
Agency collections
6800
accruals
Z04A
Hire deposits
Total Liabilities
Net Asset surplus(deficit)
Reserves
Excess / (deficit) to date
Z01
Starting balances
Z02
Gains/(losses) on investment assets
Z03
Gains and losses own use
Total Reserves
Represented by funds
Unrestricted
Designated
Restricted
Endowment
Total
84,454
102,183
92,848
86,773
113,622
106,544
122,677
114,653
260,000
260,000

673,603
670,154
26,115
21,635
3,173
3,173
10,512
10,503
94,135
134,135



3,052

1,700
133,936
174,199




316


1,129

620
316
1,749
807,223
842,605
(37,026)
(29,977)
842,605
837,898
3,448
34,684
(1,803)
807,223
842,605
75,543
88,668
48,116
65,808
13,409
17,974
670,154
670,154
807,223
842,605

Page 9

Statement of assets and liabilities

This year
Last year
Investments
M&G Charifund Income Units G
Endowment (Endowment) -
Revaluation reserves (Designated) -
Vicarage & Hall Endowment B
Endowment (Endowment) -
Revaluation reserves (Designated) -
Vicarage Endowment C
Endowment (Endowment) -
Revaluation reserves (Designated) -
St Peter's Hall D
Endowment (Endowment) -
Revaluation reserves (Designated) -
Total for Investments
Tangible assets
16 De Beauvoir Road
Endowment (Endowment) -
Total for Tangible assets
Cash at bank and in hand
NatWest Current account
Medical Supplies (Designated) -
General fund (Unrestricted) -
Community Development (Designated) -
Nightshelter (Restricted) -
16 De Beauvoir (Designated) -
Trade (Designated) -
Trade (Restricted) -
Deposit (Designated) -
Donations for Gifts (Restricted) -
Parish Retreat (Restricted) -
Agency collection (Restricted) -
Barclay Current account
Vicar & Warden (Restricted) -
NatWest Deposit account
General fund (Unrestricted) -
CCLA (CBF) Deposit Account
General fund (Unrestricted) -
Community Development (Designated) -
Nightshelter (Restricted) -
16 De Beauvoir (Designated) -
Donations for Gifts (Restricted) -
Legacy (Designated) -
De Beauvoir Welcome Refugees (Restricted) -
102,183
102,183
(17,728)
84,454
102,183
86,773
86,773
6,074
92,848
86,773
106,544
106,544
7,078
113,622
106,544
114,653
114,653
8,024
122,677
114,653
413,603
410,154
260,000
260,000
260,000
260,000
260,000
260,000
195

31,284
18,874
1,964
1,964
(3,846)

(3,977)

0

0

780
679
(600)


118
316
26,115
21,635
3,173
3,173
3,173
3,173
10,512
10,503
10,512
10,503
33,746
57,987
27,511
30,000
4,201
4,201
6,709
18,300
1,100
1,100
11,485
13,165
9,382
9,382
94,135
134,135

Page 10

Total for Cash at bank and in hand
Debtors
Other Debtors
General fund (Unrestricted) -
Prepayments & accrued income
16 De Beauvoir (Designated) -
Total for Debtors
Agency accounts
Agency collections
Agency collection (Restricted) -
Total for Agency accounts
Creditors: Amounts falling due in one year
accruals
General fund (Unrestricted) -
Hire deposits
General fund (Unrestricted) -
Total for Creditors: Amounts falling due in one year
Grand total
133,936
169,446

3,052

3,052

1,700

1,700

4,752
(316)
(316)
(316)


(1,129)

(1,129)

(620)

(1,749)
807,223
842,605

Fund movement by type

Opening
Incoming
Outgoing
Transfers Gains/losses
Closing
MedS - Medical Supplies
Designated
Sub-total for MedS
General - General fund
Unrestricted
Sub-total for General
CD - Community Developmen
Designated
Restricted
Sub-total for CD
NS - Nightshelter
Restricted
Sub-total for NS
VW - Vicar & Warden
Restricted
Sub-total for VW
16DB - 16 De Beauvoir
Designated
Sub-total for 16DB
CHR - Crypt & Heating & Re
Designated
Restricted
Sub-total for CHR

2,223
2,028


195

2,223
2,028


195
88,668
78,728
108,436
18,386

75,543
88,668
78,728
108,436
18,386

75,543
31,964


(2,489)

29,475





31,964


(2,489)

29,475
4,201
318
4,164


354
4,201
318
4,164


354
3,173




3,173
3,173




3,173
20,000
12,700
18,377
(11,590)

2,732
20,000
12,700
18,377
(11,590)

2,732
















Page 11

O - Organ
Restricted
Sub-total for O
Trade - Trade
Designated
Restricted
Sub-total for Trade
E - Endowment
Endowment
Sub-total for E
D - Deposit
Designated
Sub-total for D
DFG - Donations for Gifts
Restricted
Sub-total for DFG
Legacy - Legacy
Designated
Sub-total for Legacy
DBWR - De Beauvoir Welcome
Designated
Restricted
Sub-total for DBWR
Y - Youth Project
Restricted
Sub-total for Y
ParishRetr - Parish Retreat
Restricted
Sub-total for ParishRetr
ZReval - Revaluation reserves
Designated
Sub-total for ZReval
Grand total












23,811
21,801
(2,010)

0



0

0

23,811
21,801
(2,010)

0
670,154




670,154
670,154




670,154
679


101

780
679


101

780
1,100


(600)

500
1,100


(600)

500
13,165


(1,680)

11,485
13,165


(1,680)

11,485






9,382




9,382
9,382




9,382











118


(118)

118


(118)






3,448
3,448




3,448
3,448
842,605
117,781
154,808

3,448
807,223

Page 12

Analysis of income and expenditure

Total
Unrestricted Designated Restricted Endowment This year Last year
INCOME AND ENDOWMENTS
Planned giving
0103 - CAF
0104 - Payroll Giving
0105 - Gift Aid Bank 38,908 38,908 38,615
0201 - Coloured Envelopes - Non GA 1,253 1,253 7,054
0202 - Coloured Envelopes - GASDS 90 90 40
0203 - Bank - Non GA 1,924 1,924 657
Total 42,176 42,176 46,366
Collections and other giving
0301 - Collection - regular Sunday 1,307 1,307 3,327
0302 - Collection Special Services 928
0303 - Collection Wedding and 849
Funeral
0304 - White Envelopes 352
0401 - Ad Hoc Donation - Non Gift 3,215 3,215 7,029
Aid
0402 - Ad Hoc Donation - Gift Aid
0403 - Gift days
0404 - Donation for gifts
0501 - Online giving 150 150 350
Total 4,673 4,673 12,837
Other voluntary receipts
0406 - Night Shelter 318 318 843
0407 - De Beauvoir Welcome (924)
Refugee
0408 - Medical Supplies 2,223 2,223
0701 - Legacies
0900 - Hymn books 10
Total 2,223 318 2,541 (70)
Gift Aid recovered
0601 - Gift Aid Collected -unrestricted 9,937 9,937 8,502
0602 - Gift Aid Collected - restricted
0603 - GASDS 553 553 20
Total 10,490 10,490 8,523
Other receipts
0409 - Save the Music 1,930 1,930
0800 - Grant recurring
0801 - Grant non recurring 3,869 3,869
1221 - Souper Tuesday and Open 91 91 126
Crypt Donations
1253 - Youth Projects
1301 - Parish Retreat 1,146
1305 - Organist 0 0 1,885
1310 - Insurance Claim
1312 - Credit for utility overpayment
1313 - Transfer from NatWest
Deposit Account

Page 13

1314 - Bank charges - wrong deposit
1315 - Transfer from CBF
Total
Activities for generating funds
1010 - Rent 16 De Beauvoir
1220 - Hiring Crypt - regular
1230 - Hiring Crypt - one off
1241 - Hiring Church - regular
1242 - Hiring Church - one off
Total
Investment Income
1001 - Income from Endowment M&G
1002 - Income from Endowment
CCLA
1003 - Interests from CCLA CBF
Fund 623386001D
1004 - Interests from Natwest Deposit
Account
1005 - Interests from Vicar &
Wardens Account
Total
Receipts from church activities
1101 - Fees for PCC
1210 - Deposit (Deferred income)
1250 - Parish Events
1251 - Community Events
1252 - Art Projects
Total











5,891



5,891
3,157

12,700


12,700
20,800
523
19,818


20,341
49,940
100
3,363


3,463
11,379

630


630
1,475





1,050
623
36,511


37,134
84,645
4,122



4,122
5,107






9,966



9,966
10,054
9



9
20





14,098



14,098
15,181
774



774
2,319





847





690











774



774
3,856
INCOME TOTAL 78,728
38,735
318

117,781
174,497
EXPENDITURE
Cost of generating funds
1701 - Fees paid to fund raisers
1710 - Costs of fundraising
1720 - Costs of stewardship
campaign
1730 - Fundraising event
2308 - Medical supplies
3001 - Revaluation(gain)/losses on
investment
Total
Missionary and Charitable Giving
1801 - Charitable Giving
1802 - Vicar & Churchwarden
discretionary fund
1804 - De Beauvoir Welcome
Refugee
2201 - Nightshelter
2202 - Project Support
155



155
730






81



81
186







2,028


2,028






236
2,028


2,264
916


















5,415


4,164

4,164
1,712





Page 14

9901 - Gifts to individuals
Total
Parish Share
1901 - Common Fund
Total
Clergy and Staffing costs
2001 - Operations Manager
2002 - Open Crypt Co-ordinator
2003 - Casual Steward
2004 - Organist
2005 - Music director
2006 - Housekeeper
2007 - Pension Scheme
2010 - Payroll Fees
2101 - Vicar - expenses
2102 - Other clergy - expenses
2103 - Pastoral assistant expenses
2104 - Housing
2105 - Staff Training
Total
Church Running Expenses
2106 - Hospitality
2203 - Noisy Church
2204 - Youth Work
2205 - Freedom Club
2206 - Lay Training
2207 - Cafe in the Crypt
2208 - Parish events DO NOT USE
2209 - Community and Parish events
2210 - Nurture Course
2211 - Communication - Church
2212 - Comms printing and design
2213 - Website maintance &
development - Church
2301 - Church running cost
2302 - Cost of services
2303 - Caring for church ground
2304 - Printing & Stationary Church
2305 - Choir
2306 - Music Related Costs
2307 - Save the Music
2401 - Church - electricity
2402 - Chuch -Gas
2403 - Church - water
2404 - Pest Control Church
2405 - Telephone - Church
2406 - Church - Refuse Collection
9905 - Parish Retreat
Total
Hall Running Costs
2501 - Crypt maintance
2502 - Printing & Stationary Crypt
2503 - Cleaning
2504 - Crypt - elctricity
2505 - Crypt -Gas
2506 - Crypt - Water
263



263
685
263

4,164

4,427
7,813
40,600



40,600
79,302
40,600



40,600
79,302
17,279



17,279
16,592
5,785



5,785
4,034

546


546
3,886
1,190



1,190
2,435






9,077



9,077
7,370
1,578



1,578
1,491





2,756
1,935



1,935
1,914
500



500
442
550



550
186






420



420
1,911
38,316
546


38,862
43,022





309
54



54
72





72





























2,189











2,243
395



395
912
127



127
1,163
5,347



5,347
4,990
2,894



2,894
2,371
195



195
496
533



533
403






2,186



2,186
1,622
1,250



1,250

209



209
974
1,503



1,503
2,302
1,301



1,301
1,452
252



252
252
298



298
298
522



522
517





1,028
17,073



17,073
23,674

3,232


3,232
1,494

204


204
539

10,659


10,659
13,907

2,431


2,431
1,936
(240)
783


543
1,573
(350)
317


(32)
592

Page 15

2507 - Crypt Pest Control
2508 - Telephone - Crypt
2509 - Crypt furniture
2510 - 16 De Beauvoir
2511 - Repayment of deposit
(deferred income)
2512 - Crypt running costs
2513 - Crypt - Refuse Collection
2514 - Electrical appliances
2515 - Communication - Crypt
2516 - Website Maintenance &
Development - Cryp
2517 - Open Crypt/Souper Tuesday
2519 - Refund of crypt hire
2520 - Broadband crypt - EE
2521 - Kitchen consumables
2522 - Kitchen non-consumables
2523 - Crypt cleaning supplies
3000 - Depreciation
Total
Church Repairs & Maintenance
2310 - Church maintenance
2701 - Major Repair Church
2702 - Organ refurbishment
Total
Hall Repairs & Maintenance
2518 - Drains
2801 - Major Repair Crypt
2810 - Major Repair - 16 De Beauvoir
Total
Governance Costs
2320 - Auditing & Examination
2602 - PCC Cost
2603 - Computer and Maintenance
2604 - Bank charges
2605 - Legal fees and surveyors
2606 - Faculties
2607 - Admin
2608 - Insurance
Total

252


252
252

298


298
298





282

18,377


18,377
2,109





934

1,802


1,802
2,276

522


522
502
4,273



4,273
2,333





198





213





675

749


749

354



354
336





328





147











4,037
39,632


43,670
30,932
1,450



1,450
4,819





5,850





1,450



1,450
10,669











483





231





714






239



239
1,129






376



376
554


















5,843



5,843
5,746
6,459



6,459
7,430
EXPENDITURE TOTAL 108,436
42,207
4,164

154,808
204,475
GRAND TOTAL (29,707)
(3,472)
(3,846)

(37,026)
(29,977)

Page 16