2023-12-31-accounts

Clwyty rn¥i8t￿loti nuttiber. 1140377 Fenland Gymnastics Academy for tkn Y¢arEnde4 31 D￿rmber 2023

Fenlxlld Gymna•tlcJ Aeademy ContentB 2to3 of Tn￿tee8, Re8POD8ibilitie• ststrnt of Fin1￿CiAl A¢tsvAtice Nots8 to th• Finwwial Ststeinents 8ttr15

Fenland Gymna8tlc4 Aeademy Referenee and AthDlnhtradv¢ Detalli mic1￿cla Elam EIiz4beth Buttle Toni Cl£rk PrIDe[p￿ Offle 21 Al8orei WAY Wisbe CAmb8 PE13 2TQ CknArlty R*doD Number 1140377 B￿ther• HSBC I Cornhill Wiybech PE13 INA TC Grnp 9110 The Cre4cent Wi6Eech PE13 IEH

Fenland Gymna8tlu Academy Truitea, Report Tr tN8tee8 pre8ellt the report togcther with the fill￿￿]81 Btatern￿ts of the charity for the year 31 Decallb¢r 2023. Objecdvoi ttlvltle• Objeets ebi]itie8 fromperforrn￿e 8ynmutics to ft>uTbdAtion l¢vel and provide bigb perfOrn￿ Bymnastics facilitie& for the benefit of th¢ tnbabitonts of W]6b￿￿ 8nd Nurou areB& Together with the promotion of comTnunity b¢n¢fi¢ Fejdand (}ymna￿ Academy ij committed to the provision of quality facilitse8 Wld tbe develiwmeut of The c4)nfirm tht they have t4)mp]i¢d with the requirneats of Section 17 of the Charitie8 kn 2011 to havo du¢rewd to the publtc bttteftt Buidallce publiBhed by the Charity Comri￿ for FLg]alld Wthj. Th¢ l¢ve18 of¢￿[elerVeQUe reviewed onaTrBulArbft8iS. Stru¢tllrfy 8(•vern#n¢¢ Ind ￿￿￿￿eMellt NAthre ofzovernin8documen¢ The eTrllrity'i governing docwnatt is a consti￿tIon &dcyted on I l Febnwy 2011. The trathd8hve the t￿¢￿t0 app)int atty per￿ll a8 • Objeedves 4ndpolici The cb8rAty'8 aFtivitie• expo8e it to a numbet of fi￿¢111 riaky iDclwdiD£ credit rJ8K cosh fiow risk gnd liqoidity risk The offiDanGial d¢riVati￿￿ IB goverDedby the clwity'8 policies approveAby the}￿ ofttu8tee8. whith pmvide written principle& L)n the u3¢ of finaacial d￿1v￿1ve8 to nwjage tbeK rith. The chArity doei u9e Pase 2

Fenland Gymllailia Aeademy rlsk The cb8tity en8uTe8 tbat it is able to me¢t commitments on a day tr) day basi8, it 18 aLpoAed to the fjnallcx￿ rAak8 The clwity'8 credit ri8k 18 prin)anly attributable to its trade rw¢ivabks. The arn¢Junts pwwt¢d ia the bal thet are net of allowonce* for doubtful tt¢eivable8. An thance for Irr￿1r￿t 18 ]nad¢ wh¢Tr th￿¢ is An identified 1088 event which, based on previou8 experiawx, 18 of a rthion in the r£￿v￿?b1lity of thc ¢Mh t10￿. The ¢ttdit Ti8k OD b￿ld fimd8 and derivative fJnan¢ial I￿truments 18 l1mltedbeea￿ the L•orties are both with bigb credit.ratillg# ￿l8￿j by internfttional credit.rating agenci￿. The ¢lthrity bas no #I￿]fiCAnt CODmitr•tioD of credit ri& with expr￿ sprnd over a large of Llqmldlty developmenty the clwity its operatin8 ca8b tlows in orthr to rn￿t ¢ommilm¢Dts and obhsation$ 48 th¢y fall Cre4Utor plyment poU¢y The aDm￿L report was approved by the Intstet4 of the clwity (bn .. ..... ..... aDd its b¢hdf by. Trusts

FenlAnd Gymni8de4 Academy Statement of Trustse8' Reipon8lblllti UnAted Kingdom AccoitntiD8 Standards (United KlDgd(￿j Oen¢T&lly Accepted Accountin8 Prncticel al 8ppli¢8ble law and re8ulatioo8. sive a tNe aad fair view of the state of affaiTr of the cl]arity of the incomiDB reKAllreB and applic&tioll of 8el¢¢t 8uitsble 4¢¢4)uniing po]icie& ond then apply them COD8iBtendy> Obe￿ tbe methoth Al￿ principles in the Cbaritie4 SORP: prepare the finAncial 8tstements onthe Boing CODCern basi8unk48 it 18 inapprwts to pretame thatthe clwity The trpJ6ttts are re8ponsib￿ for Win8 woper a¢¢ountiog word8 that disc105e with re8WDabk accurncy 4t time the fum￿141 position of th¢ ¢horiry gnd enabk th¢Jn to ¢n8ure that the fJnancio] Blatements c(vnply the Charitie8 Act 201 l. the applicHble ChqTitieB (Aw)unts and Rtyorts) Rt8utstions and the proviBiou of the con8titution. Ibe tN8tre6 are alw Te4p)nwlJle for 6thK4wthllg the al￿ts of the cljariry and henc4 for tthn sojable 8tCP8 for the pr¢V¢￿tt{M deteclititi of fraud other irreBukntie8. App￿Ved by th tru8tee4 of the cknity on ... . . .... . ond Biglled on itsb¢half by. QfvL TN8tr£ P4B¢ 4

Fenland Cynmagtlu Aeaden Independent ExADthier'i Report to the trulteei of Fenland Gymna8tlc4 Aeademy i r¢wt to the charity trpJ8te¢8 on my ￿￿11￿110￿ of the aCC4)unts of tkn ¢harity for the year ¢lld￿ 31 Decen 2023 which are 8et on page8 6 kn 15. Rupeetlve re￿O￿￿jud￿ of tnthi gnd QXXDthw in aCcOrd8￿C with the rqUirean￿ of thÈ chariti￿ Act 2011 ('th¢ Act). 145 of the 2011 Act olld in e4rrying otst my exarni￿ I have followed ￿ the app]ic8ble DirEctiom given by the Cb&Tity cornm￿0n under Aethion 145(5)(b) of the ACL Ind￿endellt exarnlneri otAtemeDt l. ac• rn)lll¥ wvr notk¢pt irL r¢opxt of Fdand GymnaJtiC8 Academy ab Thquirtd by iKtion 130 of theA¢or 3. the wAounts do llol comply with the accountin8 rtquirnents coticelw the fonn and ¢onteni of a¢¢ounts t out in the Ch￿ltie8 (Accouats and Reports) Re8ul&tion8 2LK)8 otEvr thall ally t¢quir¢llmt iknt the should ￿ drnvm iti thi8 in ord¢r to ULabl¢ J pr(yperutth￿ of the accounts to be Teached. TC Gmp 9110 The Crea¢￿t Wisb¢¢b Cambo PE13 IEH

F¢nland Gymn4rtlu Audemy Statement of FlnAnclal Actlvhlu by fund for th¢ Year Ended 31 Dewthr 2023 Tot•1 2023 Total 7A122 Unreltrlrted Note Income And Endovrnients from: Donations and legacies Cbaritsble actI￿lieS 194 76,691 64932 819 142,636 194 76,691 64,932 819 142.636 163 70.671 39.133 110.051 E4)endltsre on: Raistng fund8 ChaTitsbl¢ activitics (35544) (99,924) (10917) 146J85) (35,544) (99,924) 10,91 146,385) (25255) (79.575) 111.0661 1115,896) (3.749) (3,749) (5,845) Reeondlladon of fundi Total fund8 brought forward 101204 101204 107,049 97,455 97,455 101204 All of the charitys actiTritie8 derive from contimllng operation8 (knring the abov¢ two p¢riod8. The note8 on pag¢$ 8 to 15 forni an inte￿1 part of the8e fjnancial 8tatcm¢nts Page 6

Fenland Gyn]naittu Academy (Reglstrltton number :1140337T) Balance Sheet a8 at 31 Deeember 2023 2023 2022 Note Ftxed AX8ets Tangible assets 13 44.289 49220 Current Miets Debtors Ca8h at bank and in haThl 14 15 1.800 68.896 70.696 878 56,182 57.060 Credftor8: Amounts fAIIIDg dllt TAthln ont year 16 17 31 5.17 Net cuzreDt a88ets 53.166 51.883 Net a88ets 97.455 101204 Funth ofthe eknrlty. UDrutrlcted Income fund• Unrestrictol fuxy]8 97.455 101.204 Th¢ fina￿181 8tstem¢nt8 pn pages 6 to 15 wcrc approval by the tru8tee8, and authori&ed for i8suc on and on tbcir bchalf by: GIlo4iwb Tru&l¢e The notes on page8 8 to 15 form an inte￿1 part of the8c fijjancial 8tatanents Pa8e 7

Fenland Gynmartk8 Academy Note• to the FIDaDclAI Statsments for the Yw Ended 31 Dettmber 2023 l Ateovnttttz po]Id•• Ststement of eompll The fin￿191 thtements have beorting by Cbaritie8.' Firjattcial Rewtng Statthrd applicable inthe UK aodRepublic of Irelond (FRS 102) (effe£tive l JaTllWy 2015) . {ClJaritieÉ SORP (FRS 102)). the FitionciAI Reportin8 Standard apryjll￿bIc in the UK and Republic of IrelaDd IFRS 102) and Ihe Ckwitiu A¢t 2011. of prepar•lloll Fenlaod (tymllosti¢8 Acadttlly 2ne£ts the definition of a public bellefit elltity under FBS 102. As8etB and liabihti¢g policy notro. Xxempthll from prepvkng a ¢a•h liow rtAtement The chArity opted to early Bulletin I published on 2 Febw 2016 and Iwve therefore not incb￿ded a ¢a8b Income and eDdoTvmentJ Vohmt8ry income iDcluding dollht1￿, 81ts. le8a¢ie# and ￿1$ that provlde Cott fLmding or are of 8 pJ¢rnl nature 18 reco8niBed wben the cbarity bas eutitlozlleuttotbe income. it is probabk that the iaCOfLevrill bc rx¢ivpAI lJoRAlioxs leKacle8 Donatiojjs aDd l¢gaci¢B arc recogni&td on a rtcxivable b￿1& when receipt is probable and the gmount can bo re]iably MeA8ur￿l. Graots ate wllen the charity an etLtidc4llent to the fimds alld ally ￿)ndItiO￿l lithd ts) th¢ gtants Iwe been meL Where perfOrn￿ conditions are attach￿1 to the grant and aTe yet to be mel th¢ incoti reco8ni&ed u a Jiability and included on tbe bal￿¢ Jheet a6 defery¢d incoJDe to be Te1eaJ￿1. InvestheAtineome Dividend8 rwoised on¢4 the divtdend b88 be¢n de¢larnl alld no1ifi¢a(I￿ ba8 been rt¢eiv¢d of Ih¢ dividend Pa8e 8

Fenland Gymnastle4 Academy NO￿ to the FlllAnelal Statements for the Year Ended 31 December 2023 All expetiditur¢ 16 fwlli8eA onrx there li a 1¢8AI or constn￿tIve obliBatioD to that ¢xpettditsre, it 18 PTobabh etti¢meAt 18 Trquired alld the aDU)UDt bt me￿jyed reliably. All ￿t8 •Tr allo¢8ted to the applicabh expendltswe he&diog that a88regate 8imi]w C(￿ to that cateBory. Wh¢r¢ w81s ¢allnoi be diT￿y attnbjtsl perti¢th headmg8 th¢yb&ve been alloGatyJ on & ba8iS col￿]8telltWlth theu ofre80UW¢8. with central thff all￿8￿1 on the ba•is of time ond depttciatioD cbarge¥ allo¢ated Oll the portsoti of the uio. O 8UPPOrt ¢0gts are allocated ba8ed on the spread of 8taff coi Charltable eXP￿dIture cotiwiou thrJ8e co8t8 incuntd by the thiity iti the dejiwy of its activitieB alld 8Erviccg for its b￿efiCi￿rIc￿. It include both costs that can be allocated dire¢¢ty ts) 8uch ￿￿vItIe6 th08e Go8ts of a These include tbe cots atthl)utable kn the chaTity'I ¢ompliance with constit￿l0ft￿ and sta￿tOry n4U]reMe￿ Govcrnment 8rants are reco8DiwJ baKd on the accDJal llLodel and are at the fair value of the 18JBt re￿IVed or rec4ivabk. GTrnts ¢lwified ag relating eAther tD rtvenue or to a88ets. Grants relating to rtvem aTe reco8ni8&J ill inme over tbc period in wbich the relAt&l Cots are reeo8n1￿d. Grants zelating to aJ8ets are re￿o￿lSed over tbe expected uxful life of the a80eL Whtre pirt of & 8r8nt re]atin8 to arl aluet 16 d¢fwre4 it 18 The cbarityts ¢on8id¢red to PO88 the te8ts 8et out inP4rnwph I Schethlle 6 ofthe Final￿e Act 2010 lllld there it meets the d¢fjniiion of a clwitable company for UK COr￿)￿tiOn purposu. knordiogly, the cbarity tidlly ¢xallpt from twtion ID resppxt of income or ￿p1th1 gAin8 received withio cul¢gwie8 covered by CbHptez 3 Part I l of the co￿OratiOnTaX Act2010 or Section 256 of the Taxation of ch￿ble Gal￿ Act 1992. to the ￿tellt that fjpwh inrojlle or gain8 are app]ied treluBively to cljaritable Tan8lble fixed iimts Indiiidual r￿ed asfiets cooting £IJO.00 OT mffe ore initially r￿Orded at cosL ieju any wbjcqueut a¢cLu￿￿3 d¢pre¢iotion and wb8equeDt xcumuiyted inyirmt los￿ l)tpre¢latlon •nd amortimdon Dtpre£iatioD 18 prtiYidedon*Trle fjxedaBSets xTr ajto vnite offthe CA)Atorvaluatio4 ie8s any e8timat¢dre8idual valu4 over their &Tpe¢ted economic life u fo)1 ikpr¢cSadoll method and r•te 15% redocillg baloL¢¢ Plant wuipment P￿9

FenlAnd GymnaBde8 Academy IYote8 to the Flnandal Statements for the Year Ended 31 December 2011 TrAde debto of bu8inc41. uaing the efft¢tive interest metho4 le88 proTriw forimppinn¢nt. A pmNi&ion for the Impalnll￿ltof d¢btQT& ys ¢$tab]is1￿1 wh¢n there 18 obieclive elridencethat the cbwmllnotbeable to collectall amountsth A¢¢ordin8 to th¢ wi8inal terw of the retxivable Calh and eq￿V￿￿tI Ca8b and ¢98h equivalents ca8honhand￿Call d￿)￿1￿ and othu qbort.tennW liqwd inve•tsnmts that 8ff r¢adily converttTr+le to a known allLOWIt of cath aod are subject to an I￿1&￿￿¢0￿t rigk of ¢baD8e iti vabJe. Trade cre4Jltori ore obli8ation8 to pay for or sErri¢e8 that h&ve been wuirul ID the 0￿1￿￿￿ ¢(xTh of buaine8B from pp]ieTh. Accounts payHble 4rE Gla8&ified 88 current liabiJitr if the doe8 Dothave en ul￿OndItiOn￿ ri8bi at the elld of the rwting peri￿ to defer 8ettletLent of the credityr for at ]e48t twelve month& atl¢r the r¢portin8 dat tf there ig arl U1￿1)]￿tioDUI right to defer ￿ttIC￿ellt for at kaBt twelve months tbe ryitin8 date. they are If￿8n1¥ed initially At the tran8aotiorL ￿lee aod Xthleq￿t]Y at ￿￿ortA￿ ¢08t using tbe ethtive Fund •tructure the objective8 of the charity. Pu￿0￿# •nd other port retlrement obllz%tlo The clwity operates a defined ben¢fitp¢nJititi ￿llerne. Typically defjned bellefitp]￿ d¢fin¢ oll amount of pen8ioD b¢n¢fit that all employee will receive on rctitemenl u&ually dwdent on one or more facton Juth The liability rcugni8ed iti the B￿lleC Shezt in reBpe£t of derm￿ knfitpeDJion plauj i8 the present value of the defittedbettefit obligation at the reporti￿ date minu6 the fair value of plan aMgt& The defjned benefit obli8ation 18 meH8urèd uJiJJ8 the proj#ted utiit credit Thepre4ent value of the d¢fintd benefit oblig&tson 18 deter￿ by di8countiDg tbe futwe payments by refer￿ to yi¢ld& ￿ the repotting date on ￿￿ti.qUality bondB that are deaominated in the GU￿ in which the be￿fits will be paid that kn¢ trrni8 to ￿￿tUrIty apwximatiDg to the t¢rn￿ of th¢ r¢]at¢dp¢neion lthility. Pwlo

Fenland GYmn￿d￿ Academy ly0￿ to the FlnallclAI StAtsments for the Year Ended 31 December 2023 dedlleti￿ all of its ]iabiliti¢ (vthich 18 nornully the ItaD8artiollprice eAcludiD8 ti￿a￿lOn colts). unle88 the aTra8eID¢nt cimbtitytej a fin￿￿ill8 thE pre4eot value of the futtwe puymellts dtscounled it a mArket rale of intwe* for & Aimilar debt irAttpJtne a le8filly enforceable right to Set off the Te<oBni8ed aDyJJnts and the ¢knity intenth eitber to 8ettl¢ on R netbaAi8. or expire or are 8ettle4L b) the cbarity tTrD8fen to atth paty Subgtaniially all of the riJk8 and teward8 of owner8hip of the fillonc1￿ aBset. OT cl the ch￿lty. d#pite baving retsyned wmt. but notAll. ￿8nIfiCant1lUk￿ aTMI 2 In¢om¢ from donAtioM and lepdei Totsl Gener 194 194 Totsl for 2023 194 Tot￿ for 2022 163 163 Page Ll

Fenland GymDutlc8 Aeademy Notm to the Flnin¢ial Stitements for the Year Ended 31 Deeember 2023 3 Ill￿me from tlMrltAble iedvltte8 UDrertrfcted fund• Totsl 2023 Total 2022 Op¢rnuon of gymnasti￿ ¢hth 76.691 76,691 70,671 Uwtstrletsd Tot Sale8 of w)d& Krvice8 3265 50,468 11,199 3265 50.468 11.199 Total for 20LI 64932 64,932 Tots] for 2022 39,133 39.133 S Investrnent Ineome Totsl 819 819 Tot￿ for 2023 819 819 Tot*1 for 1022 P88e 12

Fenland Gymna￿¢• Academy Nots8 to the Flnanclal Ststements for the Yeor Ended 31 Deeember 2023 6 Ewdlture on riiing fun a) Coth of trdin8 aedvldei Total Nots Costs of 8tèd8 sold TO1￿ foT 2023 35.5H 35.54 35.544 35.544 Tots] for 2022 25.255 25,255 7 E¥endIt￿re Dn chthble acdvlde• Totsi 2022 2023 1960 3,7CVJ 16,5(K) 19 3.709 1,481 2.754 17.625 CoacbiDg teoi IA8hL beat and ￿)Ther Travel and gub8iBtence 6.593 1.542 172 7,626 60,634 1,188 99.924 6￿95 lJ42 172 7.626 1.634 1.188 99.924 2,551 1,195 8.406 44,274 1.200 79,575 Staff costs P8Be 13

Fenland Gymna8tlei AeAdemy Nots8 to the Flnanclat Statements for the Year Ended 31 December 2023 8 Other Expenditsre Totsl 2023 Tothl 2022 859 6265 465 2.715 859 6265 465 2.715 903 7286 342 2.087 288 159 11.066 Tekplu)ne 204 10917 204 10.917 9 Analy818 of governAnce And 8npport eo UllmtrJcte41 Tot•1 fund• Getter 1,188 1,188 1,188 1.188 TO￿ for 2023 TotAI for 2022 1200 12 10 Net Ineomlnwoutgolng reJoDrceo 2023 2022 De￿ilt10r￿ of fixed au8ets 7,626 11 Inde￿dellt rtmuneTAthin 2023 2022 1,188 1200 12 Taudon The cbLTity is a Tewtered ¢barity and 18 tb¢refore exempt fromtaxaii Pag¢ 14

Fenland Gymna8tlcB Audemy NO￿ to the Financial Statements for the Y￿r Ended 31 December 2023 13 Tanglbk fixed Amets equlpment Totsl Cort At l January 2023 A&lition8 108.182 2,595 108.182 2.595 At 311)e¢embw 2023 110.777 110.777 DepTec4Ation Al l January 2023 Cb8rge for the year 58,862 7.626 58.862 7,626 At 31 DeCern￿ 2023 66.488 66.488 Net book value At 31 2023 44289 44289 At 31 De4xmk 2022 49.320 49,320 14 Debton 2023 2022 Trade debtor8 213 665 878 1,8(Ki 1,8(X) 15 CA•h #nd cath equlvnlents 2023 2022 Cash on band Cash at bank 194 68,702 68,896 26 56,156 56,182 16 Crediton: Imoujhts f*lJing dut within one year 2023 2022 TTrd¢ ¢r¢ditOTS 2,610 1.124 12.147 1.650 17,531 1.369 1.158 1,000 1.650 5,177 Other credltors P48e 15

FenlAnd Gymna8tlu Academy StAtement of F￿￿ela1 A￿vIts by fund for the Year Ended 31 Decemb¢r 2023 Totsl Total 2023 2022 IDeome and EnthbTvnwits from: 194 76.691 &1.932 819 163 70.671 39,133 Chuitable aotiVAteo Jnve6tmot itw 142,636 110,051 Ewdlthre on: (35,544) (99,924) (10,917) (25,255) (79,575) (11.066) Totsj eXpe￿Il￿are 146,385 1115,8961 3,749 (5.8451 Nei nJ)vcmellt in fund8 (3.749) (5.845) ReeoDelllailon of fundj Total funds brought forward 101204 107.049 97,455 101.204 Thi5 page doe4 not fonn part of the stattjtory final￿￿ 5tstaDaLts. Page 16

FenlAnd GY￿￿$8￿￿ A¢adenry Detalled Statement of Fjnanclal Actfvitei for the Year Ended 31 December 2023 Totsl 2023 Total 2022 ID¢ome Endowments froDL' Donations and le8acie8 (at￿ly8¢d bclow) Ckwitabl¢ adirfieB (8fJaly8&1 below) Ots tsRdiDg activitics (analy8¢d ￿low) Invc8tDKth incomc (aDaly8oa bclow) 194 76,691 64,932 819 163 70.671 39.133 141636 110,051 Expendltur¢ on: Rai8in8 fund8 (analywl below) Clwitable activitie8 (analysol below) Other expendikn (anal)ry&l below) (35.544) (99,924) (10.917) (25,255) (79.575) (11,066) (146.385 115,896) N¢t in¢om¢ Nct ny)vanent in funds (3,749) (3,749) 5.846 (5.846) R¢conellidon of fon Total fl￿dS brougbt forward 101204 107,049 Total fundB carrieAI forward 97,455 101,204 This page doc8 not formpart of the 8tatstory financial 8tst¢ments. P48e 17

Fenland Gymnajtia Aeademy Detailed Stalement of Flnanclal Acthlts8 for the YeAr Ended 31 December 2023 TotAI 2023 Totsl 2022 Donat10￿ aAd14ades Uk Gov¢rnm¢Dt grant8 Subscriptions 76.691 76,691 70,671 70.671 Other tradlng acil Sales of kit and cha]k 3265 50,408 11,199 64,932 1.929 32288 4.916 39.133 Exknl)itiolls 819 Kit purchases for rc88le (35.544) (252551 Chqrltable qdl (1,9(rf)) (60,055) (579) (3.709) (16 JOO) (1,481) (43,695) (579) (2,754) (17.625) Wages and Salaries Staff pen8ioJs IDefinol contributiorn). pa￿10￿ 6cbcllK I Coaching fees Rent RAte# light, heat Bnd Travel and 8ub8i8t*7LC¢ Bank cbarges Deprttiation of plant and macbi Attountsn¢y ft¢s (6J93) (1542) (172) (7,626) 11,1881 (99,924) (2,551) (1,195) {90) (8,406) (1200) 79.575 This pag¢ do¢s not forn part of thc statutory financial stat¢llKDts. Page 18

DetAlled Staten*nt of Flnanclal A¢tlvltei for the Y￿r Ended 31 Deeember 2023 Tot 2022 2023 (859) (6.265) (465) (2.715) (408) 204 10,91 (903) (7286) (342) {1087) (288) 1159) 11,066 Teleplyjne and fax Office expenses Thi8 pagc d0¢8 not fom part of the 8tattttory financial StateD￿llts. Page 19