Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Report of the Trustees and Unaudited Financial Statements For the Year Ended 31 March 2024 Member of NAVCA and NCVO Company number 07313570 and Registered Charity Number 1137664
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Contents Chair's introduction....................................................................................................................... Trustees, Report . .4t09 Independent Examinerfs Reportto the Trustees..........................-......................................10 Statement of Financial Activities Balance Sheet... -12to 13 Notes to the Financial Statements -14 to 19 Togethtr i*L4
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Chair's Introduction l am pleased to present Voluntary Action Surrey East Ltd's (formerty Tandridge Voluntary Action, TVA) Annual Report for the year ending March 2024. This Report provides a brief overview of the accomplishments, financial overview and future direction of the charty. As heralded in last year's Report, the operating context is changing and remains challenging. There continues to be growing constraints on budgets, as well as demographic, economic, social and environmental challenges which require the charity to change and transfom in order to best sepie the communty. During the year, TVA'S fundamental aim continued to be supporting the local voluntary community and faith sector (VCFS) across the district of Tandridge,. it is governed by a Board of TrusteeslDirectors and its services are delivered by a small team of dedicated staff and volunteers. l am grateful to the Board for its govemance and advice. The Board wishes to pay special tribute to the staff of TVA who have continued to grow and developed our services across Tandridge during the year. Rita Chadha, CEO, has secured the charity as a respected organisation in Tandridge and more generally SUey. The Board is grateful for her significant contribution, leadership and sound advice. Louise Garrett (Volunteer Manager & Befriending Coordinator) and Urmi Ravel (Communications Manager) have flourished in the challenges they faced and succeeded in respect of their individual portfolios. None of our work, however, is possible without the commitment of our volunteers who are the core of VASE and who provide quality services and support to the Tandridge community, which is a much respected and cherished responsibility. VCFS remains of high importance to the Tripartite Commissioners (Surrey County Council, Surrey Heartlands (East Surrey Place), and Tandridge District Council) and is the core basis for the funding of VASE to support and create a thriving and robust VCFS in East Surrey. Some existing structures, however, are seen as no longer fit for purpose or driving the best value and it is, therefore, important to review constantly how resources are used, making the most of these in order that we can continue to meet new challenges. In this context, last yearfs Report noted that, together with the Tripartite Commissioners, ThIA and Voluntary Action Reigate & Banstead (VARB) were considering a form of closer cooperation, with the aim of strengthening our respective teams, driving efficiencies, increase resour flexibility and more importantly create an organisation fit for the future for our volunteer services. With the agreement of the Commissioners and following agreement of our respective TVA and VARB'S Members, rt has been agreed to form a new organisation covering East Surrey. The name of the new charity is Voluntary Action Surrey East Ltd (VASE) and the name was fomally changed on 2 August 2024. Upon agreement, VASE'S mission will be to foster actively and champion a diverse and vibrant civil society in East Surrey. It will be committed to ensuring that the VCFS is well-resourced, respected, and fully equipped to meet the unique needs of all local residents. The focus will be on promoting inclusivity, encouraging active participation, and building a community that thrives on mutual support and engagement. The respective Boards believe that by doing so, we can make East Surrey a model for other communities to emulate. rdA and VARB are grateful to the Commissioners for their continued advice and strong encouragement to bring both organisations together in a fonnal way. Andrew Giles Chair Togelk£¥ i*v
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Trustees, Report for the year ended 31 March 2024 The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 March 2024. The Trustees are also the Directors of VASE and this report constitutes the report of the Directors in accordance with company law. Trustees and Directors The Trustees serving during the year: Andrew Giles Barbara Forrest Lisa Compton Graham Dixon Jayne Godden-miller Mel Johnson Thomas Sherlock Jon Stone Elaine Mccomiack Chair Treasurer (resigned 21 April 2023) Bankers: National Westminster Bank PIC Shawbrook Bank Limited Registered Office: The Community Hub 1st Floor, Library Building 14 Gresham Road Oxted RH8 OBQ Independent Examiner: David Intheeler FCCA Cheeld heeler & Co, Redhill Chambers. 2d High Street, Redhill, Surrey RH11 RJ Togd*Ltr
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Trustees, Report for the year ended 31 March 2024 cont. Governing document and constitution Voluntary Action Surrey East Ltd (fomerly Tandridge Voluntary Action) was incorporated on 13 July 2010 as a company limited by guarantee, company number 07313570 and registered charity number 1137664. It is governed by its Artides of Association. The directors of Ihe company are also trustees for the purpose of charity law. Trustses Trustees are appointed at the charity's AGM with a tem in office of three years. A trustee may be re-appointed for a further two consecutive tenns and can serve a longer-term if rt is deemed to be in the best interests of the charity. Objectives and Aims Voluntary Action Surrey East Ltd (VASE) exists to meet the needs of volunteers, communty, voluntary and faith organisations in Tandridge in East Surrey. As a local infrastructure body, we adhere to the primary four objectives as defined by the National Association for Voluntary and Community Action (NAVCA) We provide Leadership and Advocacy on behalf and with the sector to support the development, expansion. and improvement of ServIS locally. We foster Partnerships and Collaborate with other community, voluntary organisations in the district and beyond for the betterment of Tandridge residents. We collaborate with other sectors, specifically the public sector to provide strategic and operational input into the design and delivery of services locally. It is our role to Build the Capacty of community, voluntsry and faith organisations in the district. We do this by providing the resources, (infomats'on, one to one advicE and training) to organisations. It is our aim to enable and enhance the experience of Volunteering in Tandridge, we do this by brokering new opportunities, introducing volunteers to host volunteering organisations and providing the infrastructure to support voluntary endeavours. Togdktr w TLUtd¥idge/
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Trustees, Report for the year ended 31 March 2024 cont. Structure, Governance and Management VASE (TVA) is govemed by a small, dedicated group of highlyengaged trustees. Their skills and experien have seen VASE develop and flourish though a turbulent period of change. We have finance experts, working alongside strategy, charity, IT, health and wellbeing and safeguarding specialists working together to manage risk and plan for the long-term. The year has not been without its continued operational challenges. Losing a member of staff for two weeks to jury sep4ice, or an urgent change in personal circumstances can hinder the best laid work plans. This overlaid with the demands of discussion, defining and implementing our collaboration with VARB, has stretched our small staff team even thinner. We have had to suspend our front-line services for periods throughout the year to maintain the momentum and focus on the longer-term. Looking forward we now understand our core demand and core service offer, and how best to resource it. We have since the end of the financial year developed one post as full-time, combining communications and baCk-Offi staff. This has made a significant differen to our responsiveness and interaction with charities and our ability to better manage strategic discussions and developments. One of TVA'S proudest achievements remains the Befriending Scheme. This year, we have refreshed the scheme and retitled it Community Companions. We are delighted that this year we have been able to enhance our support for our volunteer Befrienders, by producing a monthly newsletter, holding more frequent volunteer meetings. For the those seeking companionship and support from the scheme, we have been able to initiate and pilot a series of social activities, that we hope to expand upon in future years. Louise has continued to act with resolve and creativity in facilitating the scheme, by working strategically with the national Befriending NetrNork. In recognition of the contribution TVA is making, TVA was also this year nominated as a trustee of the national Befriending Network. The work of the Community Companions scheme will be continued within VASE. Having completed the communications review as alluded to in last year's annual report, Umii has created a new wave of communication assets and resumed a regular pattem of weekly newsletters for all. Our newsletter reaches out to over 800 individuals in organisations across the district. Going forward we will be looking at how we fold in the best of our cuent TVA activity into the new organisation VASE. Trustee Recruitment New trustees are appointed following a recruitment process which includes completing an application form and being interviewed by board members. Introductory packs and training are also offered. Toge+ktr T¢Utd¥idg
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Achievement and performance Our key achievements: Piloted and introduced a new monthly networking meeting for agencies working in Tandridge Supported 31 organisations with advice and support. Delivered 27 training and infomiation events to 82 individuals. Registered 81 individuals as volunteers Supported 168 pairings as part of Communty Companions Received 65 new referrals for Community Companions. Designed and delivered Tandridge's first participatory grant making programme - Tandridge Sparks During the year we also become a fiscal host, managing grants and monies for organisations without bank accounts Actively participated in 37 strategic public sector meetings, specifically the Tandridge Community Safety Partnership, and East Surrey Prevention Board We committed last year to securing Bronze accreditation for Befriending, unfortunately accreditation for new organisations is currently closed to new applicants. Plans for 2025126 To complete the merger process that results in the creation of Voluntary Action Surrey East Ltd eJASE} To fonnalise our strategic relationships as VASE To diversify and increase VASE'S funding base by 25% To raise additional fvnds to delivery Communty Companions across East Surrey To undertake a State of the Sector Report for Tandridge To look at the impact of the LGA Peer Review for Tandridge District Council for Tandridge Civil Society. To work with Tandridge District Council on the consultation. design and delivery of its corporate and local plan To develop activities and opportunities that align with the Surrey County Council, Tandridge District Council, Reigate & Banstead Council and Surrey Heartlands To focus and develop a range of area based focused activities, including partnerships with commercial companies. Public Benefit ststement The Trustees are satisfied that all the objectives and activrties outlined in this report are undertaken for public benefrt. The Trustees confinn that they have paid due regard to the Charity Commission guidance on public benefit and have complied with their duty under section 17 of the Charities Act 2011.
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Trustees, Report for the year ended 31 March 2024 cont. Financial Review The financial statements on pages 12 to 20 show the detail of VASE finances for the past year. A summary of movements on all funds is shown in Note 12 to the accounts. Income for the year was £138,707 (2023 £149,757) and eXpendrtU was £124,213 (2023 £125,863). The value of funds at 31 March 2024 was £117,304 (2023 £102,810). Throughout the year, TVA continued to receive financial support from Surrey County Council, Tandridge District Council and NHS Surrey Heartlands. Core funding from these sources was at the same level as previous years. Surrey County Council continued to provide funding for the cost of the rent due to the Council for TVA'S lease of the Oxted Community Hub premises. Tandridge District Council provided funding for the service charges of the Hub. Volunteers continue to play a significant role at VASE in the administration and IT systems and also the Befrienders, who are all volunteers. Funds The General Fund represents funds which may be used going fOrard for any of the charitable purposes of VASE. Restricted Funds are those which may only be used for the charitable objects specified by the donor. These are detailed in Note 12 of the accounts. Reserves Policy Reserves are necessary to ensure that the objectives and activities of VASE are not immediately curtailed in the event of a reduction of income or increase in costs. The Trustees, policy has been to maintain General Fund reserves at an amount representing at least six months, nomial General Fund expenditure. VASE also needs reserves to meet potential liabilities that may occur on expiry of the lease on the Oxted premises. The General Fund balance at 31°, March 2024 was £105,887 {2023 £84,209). Going Concern The Trustees consider that the charrty has adequate reSoUrS to continue in operational existence for the foreseeable future. Accordingly, the Trustees continue to adopt the going concern basis in preparing the annual report and accounts.
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Trustees, Report for the year ended 31 March 2024 cont. Risk Assessment and Management The principal area of risk for VASE is identified as financial sustainability in the event of a reduction or withdrawal of funding to support core operations by the existing core funding providers. This risk is monitored through close liaison with VASE'S funders. VASE aims to maintain sufficient reserves to mitigate the risk of immediate curtailment of activities which any loss of funding would cause. Statement of Trustees, Responsibilities The charity trustees (who are also the Directors of Voluntary Action Surrey East Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report and financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). Company law requires the charity trustees to prepare the financial statements for each year which give a true and fair view of the charitable company and of the income and expenditure of the charity for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policies and apply them consistently; obserie the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the Maintenan and integrty of the charity and the financial information inclyded on the charty's website i cordance with legislation in the United Kingdom governing the p eparati dissemin noffin ncial statements. On behalf the rustees Chair Date: 12 2024
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Independent Examiner's Report to the Trustees of Voluntary Action Surrey East Ltd I report to the trustees on my examination of the accounts of Voluntary Action Surrey East Ltd for the year ended 31 March 2024 which are set out on pages 12 to 20. Respective responsibilities and basis of report Having satisfied myself that the accounts of the charitable company are not required to be audited under part 16 of the 20C6 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as required under section 145 of the 2011 Act and in carrying out my examination I have followed all the directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect" 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. That accounts do not accord with those records,. or 3. That accounts do not comply with the applicable requirements conceming the fonn and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than the requirement that the accounts give a Yrue and fair Vie which is not a matter considered as part of an independent examination. I have no concems 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. Name: David Vtheeler FCCA Cheeld Wheeler & Co Chartered Certified Accountants Redhill Chambers 2d High Street Redhill Surrey RH1 1RJ Qualification: Address: Signed: Date: i 1 2024 10
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Statement of Financial Activities (including the Income and Expenditure Account) For the Year ended 31 March 2024 Notes Total Restricted Unrestricted Funds Funds Funds 2024 Total Funds 2023 Income Grants Investment income Sundry income Total income 56,380 75,408 131,788 1,607 1,607 63 5.312 77 078 138,707 131.300 215 18,242 149,757 5,249 61,629 Expenditure Charitable activities Governance costs Total expenditure 68,813 52,241 121,054 3,159 3,159 55 400 124.213 122,868 2,995 68,813 125,863 Net incomel{deficit) (7,184) 21,678 14,494 23,894 Transfer between funds Net movement in funds (7.184 21,678 14,494 23.894 Funds at 1 April 2023 Totsl funds carried forward at 31 March 2024 18,601 84,209 102,810 78,916 11.417 105 887 117,304 102,810 The above statement of financial activities, all of which are derived from continuing operations. includes all recognised gains and losses for the year Tog&+fv rJid9
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Company number 07313570 Balance Sheet At 31 March 2024 2024 2023 Notes Fixed assets Office equipment 1,769 Current assets Debtors 8,155 10,324 Cash at bank and in hand Total current assets 138.861 147,016 133,525 143,849 Liabilities Creditors: Amounts falling due within one year Net current assets 10 (15,481 I (25,039) 131,535 118,810 Total assets less current liabilities 133,304 118.810 Creditors: Amounts falling due after more than one year Totsl net assets (16,000) (16,000) 117,304 102,810 The funds of the charity: . Restricted funds Unrestricted funds Total Charity Funds 12 12 11.417 105,887 117,304 18,601 84,209 102,810 12
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Balance Sheet continued At 31 March 2024 For the year ended 31 March 2024 the company was entrtled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilty for complying wrth the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have bn prepared in accordance wrth the provisions applicable to companies subject to small companies, regime. The financial statements were approved by the VASE Trustees Board on 29 August 2024 and signed on its behalf by- An Treasurer: Barbara Forrest 13
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Notes to the Financial Statements For the year ended 31 March 2024 Accounting Policies Voluntary Action Surrey East Ltd is a company limited by guarantee and incorporated in England and Wales. The registered Offi is The Community Hub, 1st Floor Library Building, 14 Gresham Road, Oxted, Suffey RH8 OBQ. The company was previously known as Tandridge Voluntary Action and the name was changed on 2 August 2024. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basis of preparation 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 (FRS102) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Voluntary Action Surrey East Ltd meets the definition of a public benefit entty under FRS102. Assets and liabilities are initially recognised at historic cost or transaction value unless other4vise stated in the relevant accounting policy note(s). The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. b) Preparation of the accounts on a going concern basis The financial statements have been prepared on the assumption that the charity continues to operate as a going concem. The charity has core funding for the following financial year together with additional specific funding. The Trustees have reviewed the results for the year ended 31 March 2024 and the operations and cash flows since then and are satisfied that the charity is able to continue to operate and meet its financial obligations as they fall due. c) Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds eamiarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. 14 Togthtr Tathidge/
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Notes to the Financial Statements For the year ended 31 March 2024 Accounting Policies (continued) d) Income Income is accounted for as and when received, wrth the exception of rtain income which is recognised in the period specified by the donor. Grant income is allocated to the financial year in accordance with the General Funding Agreement. e) Expenditure All expenditure is recognised on the accruals basis of accounting. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates. Govemance costs are those associated with constitutional requirements. All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. fj Depreciation Office equipment is written off on a straight-line basis over two years. Office equipment worth less than £1,000 is written off to the Income and Expenses account in the year of purchase. Income from activities to further the Charity's objects Total Funds 2024 Total Funds 2023 Restricted Unrestricted fvnds funds Surrey County Council - Core services Rent 32,472 32,472 30.272 30,926 30,272 30,272 NHS East Surrey CCG Tandridge District Council - Core services - Senrfice charge 20,044 22,892 20,044 22,892 7.108 5,000 20,044 16,950 7,108 7,108 5,000 Community Foundation Titsey Foundation Tandridge Sparks Reigate & Banstead Healthy Communities lan Steers Foundation VASE merger discussions Total Grants 13,000 10,000 10.000 8,000 5,000 4,000 4,000 56,380 75,408 131,788 131,300 15 Toge+ktr T6Lthidg
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Notes to the Financial Statements For the year ended 31 March 2024 Investment Income Totsl Funds 2024 Total Funds 2023 Restricted Unrestricted funds funds Interest re1vable 1,607 1,607 215 Sundry Income Totsl Funds 2024 Total Funds 2023 Restricted Unrestricted funds funds Rent receivable Membership subscriptions Other services Total sundry income 50 13 63 50 5,262 5,312 1,255 16,987 18,242 5,249 Total Expenditure Total Funds 2024 Total Funds 2023 Restricted Unrestricted funds funds Salaries, Nl and pension Rent and service charge Travelling expenses Other expenses Charitable activities Governance costs Total expenditure 19,612 37,380 368 11.453 44,496 64,108 37,380 1,281 18,285 76,595 37,380 1,710 7,183 122,868 2,995 125,863 913 6,832 3.159 55,400 3.159 124,213 68,813 Included in Govemance costs is the Independent Examiners Fee of £1,200 (2023 £1,200). 16 To9e4ktr TLwtridg
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Notes to the Financial Ststements For the year ended 31 March 2024 6 Analysis of stsff costs Number of employees The average number of fvll-time equivalent employees during the year was 2 (2023 2). Analysis of staff costs Restricted Unrestricted Total funds funds funds 2024 Total funds 2023 Employment costs Salaries and wages Social security costs Pension costs 19,197 26 389 19,612 43,523 73 900 44,496 62,720 99 1,289 64,108 75,703 892 76,595 Fixed assets Office equipment Cost Additions NBV at 31 March 2023 Charge for the year NBV at 31 March 2024 At 31 March 2024 offi equipment has been written off at 50% to spread the life over two years. 8 Trustee remuneration and related party transactions No trustee or person related to the charity reiVed any remuneration during the year. No trustee received financial assistan in the year. 9 Taxation As a charity, Voluntary Action Surrey East Ltd is exempt from tax on income and gains falling within Part 11 of the Corporation Tax Act at 2010 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity 17
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Notes to the Financial Statements For the year ended 31 March 2024 10 Creditors: amounts falling due within one year 2024 2023 Taxes and social security Accrued expenses Deferred income 1,109 7.372 7,000 15,481 Deferred income is restricted funding received where spending has not yet commenced. 954 7,085 17,000 25,039 11 Creditors: amounts falling due after more than one year 2024 2023 Dilapidations provision 16,000 16,000 16,000 16,000 The dilapidation provision is an estimate of the share which relates to Voluntary Action Surrey East Ltd for possible dilapidations due on the termination of the lease of the Oxted Hub. 12 Movements of funds Balance at Income 1 April 2023 Expenditure Balance at 31 March 2024 Restricted Funds Hub Rent Fund Befriending Scheme Other 37,380 10.249 14.0(M) 61,629 (37,3801 (23,5391 (7,8941 168,813) 18,601 5,311 6,106 11,417 18.601 Unrestricted Funds General fund Total Unrestricted Funds 84,209 77,078 155,4(J)I 105,887 84,209 77,078 (55,400) 105,887 Total Funds 102,810 138.707 (124,213) 117.304 18 Tog&k£¥
Voluntary Action Surrey East Ltd (formerly Tandridge Voluntary Action) Notes to the Financial Statements For the year ended 31 March 2024 13 Contribution of Volunteers The charity receives help and support in the form of voluntary assistance in operating the Community Companions scheme and with IT and accountancy support. 108 (2023.139) volunteers contributed 10,368 hours (2023.. 13,344) hours a week during the year. The economic value of this help is estimated to be £155,520 (2023.. £200.160) at local salary scale rates in respect of the year 202>24. 14 Lease commitments As at the year end the charity has commitments under operating leases amounting to £18,578 (2023 £48,850). The lease was renewed on 11 November 2019 and is a five year lease with three month notice break clause. 15 Analysis of net assets between funds Restrlcted Unrestricted Total Fixed assets Debtors Cash at bank and in hand 1,769 1,769 1,047 8.155 123.525 138,861 (4,454) (15,481) 7.108 15,336 (11,027) Current liabilities Liabilities over one year Net assets 16,000 105,887 16,000 117.304 11,417 19 Togdktr