Company Reglstratlon No. 07244128 (England and Wales) Charlty Reglstratlon No. 1138763 Open Heaven Church (A Company limited by guarantee) Trustees, Report and Unaudlted Financial Statem8nts For the year ended 31 August 2024
Open Heaven Church Contents of th8 Financial Statem8nts for the year ended 31 August 2024 Contents Pages Charity Information Report of the Trustees Report of the Independent Examiner stal8ment of Financial Activities Balance Sheet Notes to the Financial Stal8ment8 8-15
Open Heaven Church Charity Information for the year ended 31 August 2024 Trustees at 31 August 2024 Yre. SJFord D G Howard R A Halse W G Rasaiah (appointed on 11.10.2023} R A Cranefield (apFX)inted on 11.10.2023} S Williams (appointed on 30.01.2024) Trustees who r88igned dun.ng the year: N J Davis (resigned on 11.10.2023) Regi818red and Principal Office: St Peterfs Centre Storer Road Loughborough Leicestershire LE115EQ Regist8r8d Number: 07244128 (England & Wales) Registgred Charity Number: 1138763 Indapendent Examlner: D l Hotchkiss Vvilkes Tranter & Co Limit8d Brook House Moss Grov& Kingswinford W8st Midlands DY6 9HS Prlncipal Bankers: Natwest Bank PIC Market Place Loughborough Leic8Stershire LE113NZ
Open Heaven Church Report of the Trustees for the year ended 31 August 2024 The Trust8es who are also directors of the Charity for the purposes of th8 Companies Act pres8nt their report together with the financial statements of the Charity for the year ended 31 August 2024. They are also prepared to meet the requirements for a Directors, Report and accounts for Companies Acl purposes, Th@ accounts have been prepared in accordance with the accounting policies set out in Note 1 to the &count8 8nd comply with the Charity's governing document, applicable law and the requirements Df Accounting and Raporting by Charities.. Statement of Recommended Practice applicable to Charities preparing th&ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Objectlves and Actlvities and Achlevements for Public Benefrt The objeclives of the Church are to advance the Christian faith in Loughborough, the United Kingdorn. and the wider world. The vision of Open Heaven is to impact our communities and to see transformation by making disciples who establish heaven on earth. This means bringing heaven's joy, justice, righteousness, p8ace healing, hop@ and life to the peopl8 and places around us. In planning activities for the year, the Trustees have considered th& Commission's guidance on public benefit and. in particular, the Specif guidance on Charities for the advancement of religion. Open Heaven is an Evangelical Church and a member of the Pion88r network of Churchgs. Our Story and Vision Th8 Story of Open Heaven began with a group of students at Loughborough Univet5ity. Ness IAfjlson arrived in Towers Hall as a fresher and found that existing Christian students had been praying specifically for ten 'fired-up fresher5'. Ness was one of thos8 ten. They all prayed passionately for their friends, and within ten weeks, the number of students following Jesus trebled. Open Heaven was bom in 1993 when seven of this group of students graduated, dared to believe God lor more and committed to staying in Loughtrx)rough to plant a church for their friends. Open Heaven 8xists to 'Make Disciples who establish Heaven on Earth,. A disciple is someone who follows the ways and teaching of Jesu8. It is a commitment to be teachable and embrace inner transfomiation through the work of Ihe Holy Spirit. Open Hesven is not a church to belong to rf you want to stay the samel Discipleship happens in the communty, around tables, over cups of tea, in one-lc one friendships and in small groups. To date, overtwothousand people have experienced discipleshipthrough Open Heaven, Our Values Our five core values spell theword 'GRACE': Growlh, Relevance, ALrthenticty, Communty and Empowemient. We want to be 8 community charact&ris&d by the grace to describe our values as a church. Growth - We are growing in numbers bec8use numbers mean people, and people mattar to God. We are growing in Christ-like character, generosity and gifting bause that enables God lo use us to our fullest potenlial. We are growing leaders to influence every sphere of scletY. We are growing and sending out church-planling teams because church-planling remains the most èffective way to make disciples who make disciples. Relevance - We want our faith to be connected to the rest of our lives. We are a church that is relevant and distinct in Loughborough, and careful thought has been given to location, language, music and content. We create expressions of the church that ar8 accessible to Feople with little or no church experience. Jesu5 connected with peq)le who did not regard themselves as religious, and we want to do the same. Everyone is welcome, and all are invited. Authenticity - Open Heaven is a place where you can be honest - honest before Gcxj and honest with others. You will noticethat people ar8 auth8ntic and open with each other about their lives. knowing they are accepted and confi'dent there is help to become th@ peon God created them to b8. We will love you as you are and will inspire you to become more.
Open Heaven Church Report of th8 Trustees for the year ended 31 August 2024 (Continued) Our Value8- continued Community- Church is a communty of people. It doesn'ttake long before people comment that Open He8ven feels like a healthy family. We are a communty committed to sharing our lives with one another, This Is no mere mantra. For some of us, this commitment has led to sharing our homes and possessions. There are many ways to belong and build deep relationships within our comrnunity. The quickest and easiest way to belong is lo be part of a Small Group. Empowerment - Open H&aven is committed to spotting people's potentlal and finding ways to develop and release them. As w811 as releasing people, we provide coaching and training to support those who are leading and pioneering. We actively encourage people to discover their calling, passions and unique spiritual gifts and then find ways both within and outside of Church life to outwork them. Our goals Jesus is the only one who can 8Ctually change lives 8nd release people into r881 freedom and He is so activ8. We ggt to be ciiworkers with Him and join in wlth what He is doing at this time. We h8ve plans and goals, but as th@ song says "rf He's not in it, we don't want it l Our three goals are Deeper, Wider, Further: Deeper - going deeper in God and deep@r with others,. making disciples who make disciples. This includes Discovery Bible studies. Upper Room worship night8. men's ministry, women's ministry, small groups, amongst other things. Wider - reaching out, sharing our faith and serving our community. This includes Christians Against Poverty. Community Grocery, Safe Haven (parenting support for young families), Peterfs Place (communty cafe safe wami space), amongst otherthings. Further- championing and forging brave faith in th8 next generation (U25's). This includes our Student work, youth work, Children's work, Alpha courses, Chuhwide Bibl8 distribution, amongst other things. Financlal Revlew Income from members ha8 increased compared with the previous year £300,171 {2023.. £297,088) total incorne slightly reduced compared to the previous year £396,674 (2023: £408,092). Total expenditure has increased due to the Charity funding more event activities than in the previous year and also increasing tho staff working days. The statement of financial activiti@s shows nel income on unrestricted funds of £7,297 (2023: £64,818) and overall net income of £13,297 (2023.. £64,818). There are restricted funds are held in the acquisition value of the St Peter's premises, with the reseNe for the future maintenance requirements of the building now being held by other partners. Total reserves at 31 August 2024 stood at £853,874 (2023: £840,57n including £491,124 (2023: £485,124) restricted funds. Resarvas The Truslees have established a policy whereby the unrestricted funds not committed or invested In tangible fixed assets <'the free reserves,) held by the Charity should be sufficient to cover a minimum of three months, salaries.
Opon Hoaven Churoh Report of tha Trustees (Corttinued) Rl¥k Management All major insur8blg ri8k8 are 5ublect lo nomial Churches and empioyerfs In$uranco. Annual r0vi6ws of rlsk, such as health and safoty are undertoken by the Trustees In conjuhction th 6rnploy8ès and voluntO1¥S. strUG1re, Governance and Managem&nt Open He8V6n Church is a Charitabl6 Company Ilmlled hy guarantee, Incorporaled on 5 May 2010 and reglstered as a CharTly on 14 Junè 20D7. The organisation was formoty a Charltable Trust by the Same narne and the rnpanY took rpOnsIbIlIty of ils activltl6s on 1 April 2008. The comphny wa6 e8tablish8d und8r a Memorandum of As3wlatlon whlch 98tablishod the obJe¢t8 and power8 of Ihe Charitable Company gnd 1$ governed under its Articl88 of Associalion. In the event of th6 cornp4ny belng WDund up members are requirtd ID Gontrfbute an amount not exceedlng £1. The Board W8 appolnt Trusts66 on an lThegular ba$ls, dolng 80 we look for IWD Driteria.. A good knowledge of the Charlty and its purposes. Fxoprfat8 8kllls and competenGles to complèment emting strengths. To support Trustees exlstlng compotandes. w8 rgfer them to web based tralnlng materlals apFN)rlate to thelr role. Statèm8nt of TTUSt888' Respon5ibilitl8S The Trustsès (who are also dlrectors of Open Heaven Church for purp0889 of company law) are resFX)n5ibl8 for prep8tlng the 'Tw8tg98' Annual Rgport and the flnanalal statemer¥ts In accLJrdance wlth appIabl& law and Unlted Klngdom Accouniinu Standard5 (United Kingdom Generally Ac¢8pt8¢ Accountlng Praotice). Company law requlres th8 Trustees to pr&pare financlal statements for each finan81 year. Under company 18W th6 Trustees Inust not approv8 th6 flnanGial statem&nts un198S they arp satisfled that they olve a true and falr vl6w of th& state of affalrs of the Charitabl8 Company and ol tho Incomlng resources and applicatlon of resources, In¢ludlng th8 nme and expendlturè, of tha Charftable Company for that perfod. In preparfry these flnanolal statem¥nt8, th9 Trustees ar& requlr8d to.. 88lact sultable accounl'lng poll¢ies ond then apply them MnSistsntl, obseNe the method8 ancl princlplss In the Charltl68 SORP 2Q19 (FRS 102),, make Judgements and estlmate5 that are reasonable and prudent; stat6 whoth9r UK Accountlng Standards hav6 been foltowed, 8ubleGI to any matgrial departur68 disGlos@d and oxplainod In thè financlal stalements,, prepare tho flrwnGlal 6tstements on tha golng concern bas18 unle66 It18 Inapproprlate to presume that th8 Charltable Company wlll ccntlnue in operation. The Tnjstees 8ra r8sponslblo for keeplng proper aocountlng records that dlsclose wlth réasonable accuracy at any tlma the flnancial posltlon of th6 Charitable CiJMpany and onab18 them to ensure that tl)p financlal stat8monts oompty with the Companlots Act 2006. They are a180 re8ponslbl8 for 8afeguardillg Ih(b 8889t8 of th8 Charitabla Comp8ny and hgnc6 for taklng r8850nable step8 for the prevèntlDn and detection of fraud and other lTrgulaAtle8. Thls port was approvgd by the Board ol Dlrectors and TrUStel on 13 Februaiy 2025 and sign8d on its behalff by., S J Ford - Truste
Independent Examiner's Report to the Trustees of Open Heaven Church I report to the Charity Trustees on my examination of the accounts of the Company for thp year ended 31 August 2024 which are set out on pages 6 to 15. Responslbllltles and Basls of Report As the Charity's Trustees of the Company {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 aocounts of the company 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 Charitable Company'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 undgr section 145(5) Ib) of the 2011 Act. Indepèndent Examiner'8 Statement I have completsd my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material resp1.. accounting records were not kept in aGcordance with section 386 of the Comp8nies Act 2006" or the accounts do not accord with such records, or the accounts do not comply with the acccunting requirements of section 396 of the 2006 A(',t 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 the accounts have not been prepared 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 Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no COnrnS 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. D l Hotchkiss FCA FCCA Wilkes Tranler & Co Limited Chartered Accountants Brook House Moss Grove Kingswinford West Midlands DY6 9HS Date.. 13 February 2025
Open Heaven Church Statement of Financial Activitles (Includlng Income and Expendlture Account for the year ended 31 August 2024 Total Funds 2024 Total Funds 2023 Unrestrfcted Funds Restrict8d Funds Notes Income Income and endowments from., Donations and legacies Charitable activities Gfft Aid Inv8slment income (interest) Grants received 300,171 11,232 73,214 6,057 300,171 11.232 73,214 6,057 6,000 297,088 7,047 101,071 2,886 6,000 Total Income 390,674 6,000 396,674 408,092 Exponditure on: Charitable activities 376,018 376,018 338,725 Governance costs Professional fees Independent examination 5,059 2,300 5,059 2,300 2,249 2,300 Total Expenditure 383,377 383,377 343,274 Net income 7,297 6,000 13,297 64,818 Reconciliation of funds Balance at 1 September 2023 355,453 485.124 840,577 775,759 Total funds carrled forward 362,750 491.124 853,874 840,577 All income resources and re80urce expended derive from continuing activities. The Church has no recognised gains or losses for the year other than the results above. The noles on page3 8 to 15 form an integral part of these financial slatements.
Open Hoaven Church alan¢a 6he8t at 31 August 2024 21124 2023 Notes Flxed assets Taiiglblg flxed a689ts 622,662 612,928 Curront a919 Debtors Cash at bank and In hand 10 21,242 220,091 15,195 222,061 241,333 237,256 Credlttsrs (arnounis falllng due wlthln one yoar) 11 110,121) (9,6OJ) Not current ass8t& 231.212 227,&il Net assttts 853,874 840,577 Tho Funds of tho Charlty: Restricted funds 16 491,124 485,124 Unre8trictod funds Unrestrlcted InGome funds 16 362,7S0 355,453 Total Charify funds 853,874 840,577 For thp yoar ended 31 August 2024 the company was èntiued to exemptlon from audlt undèr S¢clion 477 of the Companle8 Act 2D06 relating to small companles. DlreGtors' and Trustees, respon8ibllltle8' • The members have not requlred the oompany to obtain an audlt of its flnancial stgtement8 for thtr year In question In aCcOrdae w.rth tsertlon 476,, and The Dir@ctor8 and Trustee8 acknowledgo fheir respoiislbllllle$ for complylng wlth th& qUIreMents of the Act wlth raspeGt to accountlng rocords anol tre preparation of flnancial statements. The finsnclEJI statements were appr¢)vÈd by tlTre Board of Dlrecbrs and fru8ts88 13 February 2025 and slgned on Sts behalf by.. S J Ford - Trust8e. Thé notes on paues 8 to 15 form an Integral part af these finan¢lal 8tat8m8nts,
Open Heaven Church Notes to the Flnanclal Statement8 for the year ended 31 August 2024 General Information Open Heaven Church is a company, limited by guarantee, incorporated in England and Wales under the Ccmpanies Act 2006 and Charities Act 2011. The address of the registered office is provided in Reference and administrative detsils. Detsils of the Chariiy's operations are provided in thg. Report of the Trustees. Accountlng policies The principal accounting policies 0pted, judgements and key sources of eslimation unc8rtainly in the preparation of Ihe financial statements are as follows.. Basis of preparation The Charity constitutes a public benefrt entity as dafined by FRS 102. The financial statements hav8 been prepared, under the histor81 cosl convention in accordance with applicable accounting standards and follow th8 reGommendations in Statement of Recommended Practice 'Accounting and Reporting by Charities, (SORP 2019 (FRS 102)) and compty with these Charities (Accounts and R8POrts) Regulation 2005 issued underthe Charities Act 2011. These financial statements have been prepared in compliance with provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. Fund accounting policy Unrestricted income funds are general funds that are available for use at the Trustees, discretion in furtheran of the objectives of the Chartty. Restricted funds ar8 those donated for us8 in a particular area or for the speclfic purpos8s, the use of which is restricted to that area or purpose. Designated funds are unrestricted funds set aside at the discretion of the Tru8t88s for specific purposes. Further details of eh fund 8re disclosed in Note 18. Income Voluntary income including donations and grant8 that provide core funding or are of a general nature is recognised where there is entitlement, certainty of rec8lPt and the amount can bè measured with sufficient reliabilily. Donated servlces or facilities These are included in incoming resources (with an equrvalent amount in sOUrceS expended) where the benefit is reasonably quantifiable. measurable, and material. Their estimated value is b&8ed upon the nature of the service, Income from tax reclaims are included in the statement of financial activitie3 at the same time as the gift to which they relate, Investment income is recognised on a receivable basis. Income from charitable activities includes income recognised as earned las the related goods or 8ervices are provided) und6r contract. Expendtture Liabilities are recognised as soon as there is a legal or constructive obligation commilting the Charity to the expenditure. All expenditure 18 accounted for on an accruals basis and has been cla8srfi&d und8r headings that aggregate all costs related to the category. Charitable expendilure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both cosls that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Open Heaven Church Notes to the Flnancial Statements ft>r the year end 31 Augu8t 2024 Accountlng policies (conllnued) Grants payable are payments made to third part18s in the furtherance of the charitable objectives. re the Charity gives a grant wlth conditions for its payment being a specific level of seNic8 or output to b8 provided, such grant8 are only recognised once the recipient of the gr8nt has provided the specific service or output. Grant8 P8yabl6wilhout performance conditions are only recognised in the accounts when a commitment has been mad8 and there are no conditions to be met relaling to the grant which remain in the control of the Charity. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about eilher the timing of the grant or the amount of grant payable. Support cost As a small Charity with a 8ingle significant activity, the allc¢ation of support costs across activitios is not applicable. Governanc& costs Govemance costs include costs of the preparation and 8xamination of the statutory acLounts, the costs of Trustee meetings and the costs of any legal advice lo Trustees on governance or constitutional matters. Flxed assets Assets are capitalised if their useful economic life exceeds one year, Individual fixed assets Costing £500 or more are initially recorded at C08t. D8preciallon Depreciation is provided on langible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their 8xpected useful economic life as follows.. Fixtures, fittings and equipment Plant and m8chinery- other equipment Plant and machinery - stage equipment Plant and machinery - St Peter's kitchen equipment Land and buildings 33 113°/o Straight line basis 12.5'/0 Straight line basis 20% straight line basts 1 Ook straight line basis Not depreciated Fixed assets are included in the balance sheet at revalued amounts. Operatlng leases Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term. Penslons The Charity operates a defined contribution pension scheme for its employees. Taxation As a R8gisler8d Charty, the company is exempt from income and corporation tax as all of it8 Income h88 been applied for charitable purF)Jses.
10 Open Heaven Church Notes to the Flnanclal Statements for th8 year ended 31 August 2024 Donations and legacles Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2023 Appeals and donations One off donations 257,850 42.321 257,850 42,321 251,798 45,290 300,171 300,171 297,088 Income from charitable activities Unrestn'cted Funds Restrict8d Funds Total Funds Total Funds 2024 2023 Christian mlsslon and soclal actlon Community activÈties Youth and Students Other church events 1,481 6,067 3,684 1.481 6,CE7 3.684 700 6,347 11,232 11,232 7,047 Detalls of charitable acllvEtles Dirnct Costs Total Funds Total Funds 2024 2023 Support Employment costs Church activities Subscriptions Gifts and donations st Peter's costs Safeguarding, health and safety Book-keeping Printing, postage and slationery IT costs Travel and subsistence Advertising and promotion Bank charges Depreciation 198,488 84,712 198,488 84,712 4,805 43,095 26,909 1,989 976 2,328 3,457 183,524 71,892 6,667 24,580 23,344 242 10,778 1,624 2,135 4,292 2,740 2,870 4.037 4,805 43,095 28,909 1,989 976 2,328 3,457 608 2,359 3.107 3,185 2,359 3,107 3,185 283,200 92,818 376,018 3',38,725
Op8n H8av8n Church Notes to the Financial Ststements for the year ended 31 August 2024 Trustees, remuneration and expenses No Trustee or person related or connected to them received any remuneration or expenses from Ihe Charity during the year. Re8ourco8 Expended 2024 2023 Resources expended are stated after charging: Indep8ndent Examiner's fee Depreciation 2,300 3,185 4,037 Employees, remuneration The average number of persons employed by the Charity (including Trustees) during the year w8s as follows. 2024 2023 Charitable sctivities (full time equiva18nl8) Average number of staff employed Iheadcount) 6.57 11.00 5.30 13.00 The aggregate payroll costs of these persons were as follows.. 2024 2023 Wages and salaries Social security Pension costs 185,399 6,283 6,806 169,631 8,398 5,495 198,488 183,524 No employees received emoluments of more than £60.000 during th8 year (2023 - Nil).
12 Open Heaven Church Notes to the Flnanclal Statements for tho year ended 31 August 2024 Fixed assets Freehold Plant and Inte5t in land machinery and bulldlngs (Including lincluding motor heritage assetsl vehiGl8s) Fixtures, fittings and equlpment Totsl Cost At 1 Seplember 2023 Additions Disposals 607,400 18,237 11,192 (3,000) 18,653 2,747 644.290 13,939 (3,000) At 31 August 2024 607,400 26,429 21,400 655,229 Depreciatlon At 1 September 2023 Charge for the year Eliminate(l on disposal 14.365 1,472 (1.812) 16,999 1,543 31,364 3,015 (1,812) At 31 Augusl 2024 14,025 18,542 32,567 N&t book value At 31 August 2024 607,400 12,404 2,858 622,662 At 31 August 2023 $07,400 3,872 1,654 612,926 10 Debtors 2024 2023 Other debtors Prepayments and accrued income 263 20,979 653 14,542 21,242 15,195
13 Open Heaven Church Note8 to the Financial Statsm8nts for the year ended 31 August 2024 11 Croditors lamounts falllng due within one yearl 2024 2023 Trade creditor8 Other creditors AGcruals and deferred income 492 6,852 2,777 6,129 3,476 10,121 (1,805 12 Members, liability The Charty is a privale limited company by guarantee and consequently does not have share capital, Each of the members is lisble to contribute an amount not exceeding £1 towards Ihe assets of the Charity in the event of liquidalion. 13 Rglated partles Donations totalling £22,001 were made lo th8 Charity by 6 Truste88 during the year12023'. £9,906 by 4 TNstees). 14 Controlling entity The Charity is controlled by the Trustees.
14 Open Heaven Church Noles to the Flnanclal Statemonts for the year ended 31 August 2024 15 Analysis of funds At 1 Sopt. 2023 Incomlng resources Resources expended At 31Aug. 2024 Transfer8 Designated Funds ChurGh Plant Fund 9,900 3,600 13,500 General Funds Unrestricted income fund 345,553 390,674 <383.377) (3,6) 349,250 Total Unrestricted Income fund8 355,453 390,674 <383.377) 362,750 Restrlcted Funds Shared church Building Project 485,124 485,124 Loughborough Community Grocery Project 6,000 6,000 Tolal Restrlcted funds 485,124 6,000 491,124 840,577 396,674 (383,3771 853,874 UnrestriGted funds are used for any purpose deemed suitable by the Chaiity in pursuance of its main objects, including contributing to any restricted fund8 hekl by the Charty. De8bJnated funds have been put aside to fund Church planl from general funds as part of the Trustees strategy to 8UPPOrt the development of new Churches. Shared Church Building Project - these are incoming resources restricted to funding the Charity's proportion of capital cost8 and operating expenses concerning the Church Property Share Agreement in respect of St Petef s Church, Loughborough described elsewhere in these accounts. Loughborough Community Grocery Project- these are incoming resources to set up a community grocery shop. The community grocery shop is b&ing established to bridge the gap belween banks and supermarkets by supporting local residents who are feeling the financial impact of the rising cost of living,
15 Open Heaven Church Notes to the Flnanclal Statements for the year ended 31 August 2024 16 Net assets by fund Unrestrlcted Funds R88tricted Funds Total Fund8 Totdl Funds 2024 2023 Tanglble assets Debtors Cash at bank Creditors (amounts falling due within one year) 137,538 21,242 214,091 485,124 622,662 21,242 220,091 612,926 15,195 222,061 6,000 {10.121) (10,1211 (9,605) Net assets 362.750 491,124 853,874 840,577