2022-03-31-accounts - Age UK South Cumbria LTD

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Reference and Administrative Details	Reference and Administrative Details		I to2
Trustees' Report			3to9
Statement ofTrustees'	Responsibilities		10
Independent Auditors'	Report		11 to 14
Consolidated Statement	ofFinancial	Activities	15to 16
Consolidated Balance Sheet			17
Balance Sheet			18
Consolidated Statement	ofCash Flows		19
Notes to the Financial	Statements		20to 48

Company	Number	07540805
Charity Registration	Number	1141415
Solicitors		Thomson	Hayton	Winkley
		114-116Stricklandgate
		Kendal
		Cumbria
		LA9 4QA
Bankers		Barclays Bank PLC
		9Highgate
		Kendal
		Cumbria
		LA9 4DF
Auditor		Stables Thompson		&Briscoe
		Chartered	Accountants 8:Statutory		Auditors
		Lowther House
		Lowther Street
		Kendal
		Cumbria
		LA9 4DX

			Unrestricted	Restricted	Total
			funds	funds	2022
		Note
Income and Endowments	from:
Donations and legacies			172,324		172,324
Charitable activities			18,500	326,294	344,794
Other trading activities			1/97,784		1297,784
Investment income			5,639		5,639
Other income			2,535		2,535
Total income			1,496782	326,294	1,823,076
Expenditure on:
Raising funds Charitable activities		7 8	(1,095,867) ~(354,66(	~346.654	(1,095,867) (701,315)
Total expenditure Gains/losses on investment Net income/(expenditure)	assets		(1,450,528) (1,276) 44,978	(346,654) ~20,360)	(1,797,182) ~((,276 24,618
Net movement in funds			44,978	(20,360)	24,618
Reconciliation offunds
Total funds brought forward			1,362,468	42,772	1,405,240
Total funds carried forward		25	1,407,446	22,412	1,429,858

					Total
			Unrestricted	Restricted	2021
Comparative -2020		Note	f,
Incotne and Endowments	from:
Donations and legacies			729,497		729,497
Charitable activities			258,468	300,751	559,219
Other trading activities			591,495		591,495
Investment income			9/49		9,349
Total Income			1,588,809	300,751	1,889,560
Expenditure on:
Raising funds			(963,182)		(963,182)
Charitable activities			(406,129)	(271,903)	(67$,032)
Total Expenditure			(1,369,311)	(271,903)	(1,641,214)
Gains/losses on investment	assets		85,979		85,979
Net income			305,477	28,848	334,325
Net movement in funds			305,477	28,848	334,325
Reconciliation offunds
Total funds brought forward			1,056,991	13,924	1,070,915
Total funds carried forward		25	1,362,468	42,772	1,405/40

		Consolidated Balance Sheet as	at31Marc	h 2022
				2022	2021
			Note	E
Fixed assets
Intangible assets			15	98,699	123,006
Tangible assets			16	440,799	445,148
investments				586,679	589,697
				1,126,177	1,157,$51
Current assets
Stocks			18	70,077	46,647
Debtors			19	86,463	134,942
Cash at bank	and in hand		20	465,027	559,797
				621,567	741,386
Creditors: Amounts		falling due within one year	21	166,371	293,868
Net current	assets			455,196	447,518
Total assets	less current liabilities			1,5$1373	1,605,369
Creditors: Amounts		falling due after more than one year	22	(151,515)	(200,129
Net assets				1,429,858	1,405,240
Funds ofthe	group:
Restricted income funds
Restricted funds				22,412	42,772
Unrestricted	income	funds
Unrestricted	funds			1,407,446	1,362,46$
Total funds			25	1,429,858	1,405,240

		Balance Sheet as at31	March 2022
				2022	2021
			Note	f.
Fixed assets
Intangible assets			15	98,699	123,006
Tangible assets			16	440,799	445,148
Investments				586,679	589,697
				1,126,177	1,157,$51
Current assets
Stocks			18		1,231
Debtors			19	229,483	199,128
Cash at bank	and in hand		20	389,187	540+50
				618,670	740,609
Creditors: Amounts		falling due within one year	21	(163366	(293,072
Net current	assets			455,304	447,537
Total assets	less current liabilities			1,581,481	1,605,388
Creditors: Amounts		falling due after more than one year	22	(151,515)	(200,129)
Net assets				1,429,966	1,405,259
Funds ofthe	charity:
Restricted income funds
Restricted funds			25	22,412	42,772
Unrestricted	income	funds
Unrestricted	funds			1,407,554	1,362,487
Total funds			25	1,429,966	1,405,259

Consolidated Sta	tement of	Cash	Flows f	or the	Year End	ed 31March	2022
						2022	2021
					Note
Cash flows from operating activities
Net cash income						24,618	334,325
Adjustments to cash flows from non-cash		items
Depreciation					16	29,371	32,008
Amortis ation					15	44,822	20,931
Investment income					6	(5,639)	(9,349)
Revaluation ofinvestments						I+76	(85,979)
						94,448	291,936
Working capital adjustments
(Increase)/decrease in stocks					18	(23,430)	6,867
Decrease/(increase) in debtors					19	48,479	(56,488)
Decrease in creditors					21	(6,230)	(6,909)
(Decrease)fincrease in deferred	income				22	(124,425	114,939
Net cash flows from operating	activities					11,158	350,345
Cash flows from investing activities
Interest receivable and similar	income				6	5,639	9,349
Purchase ofintangible fixed assets					15	(20,515)	(62,244)
Purchase oftangible fixed assets					16	(25,022)	(2,930)
Purchase ofinvestments					17	(384,939)	(779,142)
Sale ofinvestments					17	386,680	772,679
Net cash flows from investing	activities					38,157)	(62,288
Cash flows from financing activities
Value ofnew loans obtained during the period							250,000
Repayment ofloans and borrowings					21	(45,455)	(7,576)
Net cash flows from financing	activities					45,455)	242,424
Net (decrease)/increase in cash	and cash equivalents					(94,770)	530,481
Cash and cash equivalents at I	April					559,797	29,316
Cash and cash equivalents at 31 March						465,027	559,797
All ofthe cash flows are derived from continuing			operations	during	the above two periods.

3 Income f	rom	donations	and legacies
				Unrestricted
				funds	Total	Total
				General	2022	2021
					E
Donations and legacies;
Donations	from	individuals		10,383	10,383	42/81
Legacies				30,491	30,491	11,430
Grants, including		capital grants;
Government	grants			122,237	122,237	671,646
Donations	from	community	groups	5,840	5,840	872
Other income	&om donations		and legacies	3,373	3,373	3@68
				172024	172,324	729,497

Income from cha	ritable	ac	tivities
					Unrestricted
					funds	Restricted	Total
					General	funds	2022
BigLottery						25,000	25,000
Winter Warmth - CCF grants						52,800	52,800
Building Resilience						36,562	36,562
Nationwide grant						24,925	24,925
Age UK - E.On Benefits Entitlement				Check		31,000	31,000
Frieda Scott Trust						20,000	20,000
CCF Pappagallino	fund					40,000	40,000
Rayne Foundation						15,000	15,000
Eric Wright Trust						30,250	30,250
Barrow - Thornbarrow						840	840
Age UK Support Services					12,500		12,500
Agnes Backhouse Charitable			Trust		6,000		6,000
Compass Connections						38,333	38,333
Think Digital						8,938	8,938
Gateway Group						2,646	2,646
					18,500	326/94	344,794
					Unrestricted
					funds	Restricted	Total
					General	funds	2021
						f,
Big Lottery					99,950		99,950
Big Lottery Development		Grant				25,000	25,000
					Page 27

					Unrestricted
					funds	Restricted	Total
					General f	funds	2021 f,
Winter Warmth - CCF	grants					51,600	51,600
Age UK - E.On Benefits		Entitlement		Check		30,752	30,752
Rayne Foundation						20,000	20,000
Eric Wright Trust					25,000	10,000	35,000
No Place Like Home						14,000	14,000
EON Handyperson Home		Energy				2,340	2,340
Barrow - Thornbarrow						928	928
Age UK Support Services					35,000		35,000
CCF/CCC Falls Awareness						3,333	3,333
Sobell Foundation						6,000	6,000
Agnes Backhouse Charitable			Trust			15,000	15,000
Cumbria CCF grant					35,000		35,000
Compass Connections						38,395	38,395
Think Digital						46,922	46,922
PCT Strictly Seated Dancing					19,875		19,875
Gateway Group					9,900	500	10,400
Gateway Partnership Work						7,840	7,840
Staying Connected						9,850	9,850
Armed Forces Covenant		Grant				18,291	18/91
Age UK COVID grant					13,743		13,743
Goodacre Benevolent	Fund				20,000		20,000
					258,468	300,751	559,219

			Unrestricted
			funds	Total	Total
			General	2022	2021
			f.	E
Trading income;
	Shop income &om sale ofdonated goods and
	services		1,149,205	1,149,205	517,216
	Sales ofgoods and services		142,542	142,542	73,673
	Other trading	income	6,037	6,037	606
			1,297,784	1,297,784	591,495
6	Investment	income
			Unrestricted
			funds	Total	Total
			General	2022f	2021
Other income from fixed asset investments			5,639	5,639	9,349
7	Expenditure	on raising funds

a) Costs of	generating donations and legac	ies
			Total	Total
			2022	2021
		Note
Ethical sales	training			2,500
Fundraising	agent fees			1,225
				3,725

										Unrestricted
										funds
											Total	Total
										General	2022	2021
									Note
Retail trading		costs:
Staffcosts										651,646	651,646	636/61
Costs ofgoods sold										88,839	88,839	57,585
Trading subsidiary				costs						122	122	52
Events and	conferences									135	135	86
Property costs										220,925	220,925	162/66
Marketing	and	publicity								187	187	314
Depreciation,		amortisation				and other similar
costs										16,495	16,495	14,963
Other direct costs			ofactivities				for	generating
funds										102,475	102,475	75,890
Business development					costs (excluding staff
costs)										7,663	7,663	9+40
										1,08$,487	1,088,487	956,657
c) Investment		management					costs
										Unrestricted
										funds	Total	Total
										General	2022	2021
									Note
Other investment			management				costs;
Amounts	payable			to investment				managers		7,3$0	7,380	2,800
										7,3$0	7,380	2,800

							Allocated	Total
						Direct costs	support costs	costs
								g
Costs oftrading activities						1,031,100	57,387	1,088,487
Investment	management			costs		7,380		7,380
Total for 2022						1,038,480	57,387	1,095,867
							Allocated	Total
						Direct costs	support costs	2021
Costs ofgenerating			donations		and legacies	3,725		3,725
Costs oftrading activities						896,925	59,732	956,657
Investment	management			costs		2,800		2,800
Total for2021						903,450	59,732	963,1$2
8 Expenditure		on	charitable		activities
						Unrestricted
						funds	Restricted	Total
						General	funds	2022
								f,
Community	Action		Team			322,832	293,014	615,846
Grants distributed							53,640	53,640
Governance	costs					31,829		31,829
						354,661	346,654	701,315
						Unrestricted
						funds	Restricted	Total
						General	funds	2021
Client Services						223,039	374,642	597,681
Grants distributed							52,086	52,086
Governance	costs					28,265		28,265
						251,304	426,728	678,032

		Activity
		undertaken	Activity
		directly	support costs	2022
Community	Action Team	324,960	290,886	615,$46
Grants distributed		53,640		53,640
Governance			31,829	31,$29
		378,600	322,715	701,315
		Activity
		undertaken	Activity
		directly	support costs	2021
Client Services		330,328	267,353	597,681
Grants distributed		52,086		52,086
Governance		8,394	19,871	28,265
		390,808	2$7,224	67$,032

		Unrestricted
		funds	Total	Total
		General	2022	?021f
Staffcosts
Wages and salaries		12,420	12,420	12,176
Social security costs		970	970	959
Pension costs		525	525	511
Other staff costs		20	20	19
Audit fees
Audit ofthe financial	statements	4,175	4,175	4,100
Other fees paid to auditors		5,108	5,10$	4/94
Legal fees		49	49	46
Loan interest		3,503	3,503
Allocated support costs		5,059	5,059	6,160
		31,829	31,$29	28+65

Net incoming	resources for the year include;
		2022f	2021 f,
Audit fees		4,175	4,100
Depreciation	offixed assets	29,687	32,009
Amortisation	ofsofiware development	40,719	20,931

		2022	2021
		E
Staffcosts during	the year were:
Wages and salaries		1,029,316	9$3,507
Social security costs		51,488	71,660
Pension costs		29,117	30,89$
Other staff costs		5,846	3,055
		1,115,767	1,089,120

				2022		2021
				No		No
Operations	and	specialist services			9		10
Organisational		support			9		7
Income generation			and retail		27		27
					45

13 Auditors' remuneration
	2022	2021
Audit ofthe financial statements	4,175	4,100
Other fees to auditors
The auditing ofaccounts ofany associate ofthe charity	660	650
Audit-related assurance services	3,400	2,560
Taxation compliance services	840	880
All other non-audit services	208	204
	5,108	4/94

Group
	Software
	development	Total
		f,
Cost
At 1 April 2021	203,595	203,595
Additions	20,515	20,515
At 31 March 2022	224,110	224,110
Amortis ation
At 1 April 2021	80,589	80,589
Charge for the year	44,822	44,822
At 31 March 2022	125,411	125,411
Net book value
At 31March 2022	98,699	98,699
At 31 March 2021	123,D06	123,DD6
Charity
	Software
	development	Total
Cost
At 1 April 2021	203,595	203,595
Additions	20,515	20,515
At 31 March 2022	224,110	224,110
Amortisation
At 1 April 2021	80,589	80,589
Charge for the year	44,822	44,822
At 31 March 2022	125,411	125,411
Net book value
At 31March 2022	98,699	98,699
At 31March 2021	123,DD6	123,006

Group
	Land and	Furniture	and
	buildings	equipment		Motor vehicles	Total
					f,
Cost
At I April 2021	621,234	240,627		4,500	866,361
Additions	15,550		9,472		25,022
Disposals	(1,330				(1,330)
At 31 March 2022	635,454	250,099		4,500	890,053
Depreciation
At 1 April 2021	183,818	232,895		4,500	421,213
Charge for the year	22,839		6,532		29,371
Eliminated on disposals	(1,330)				(1,330)
At 31March 2022	205327	239,427		4,500	449,254
Net book value
At 31 March 2022	430,127	10,672			440,799
At 31March 2021	437,416		7,732		445,148

Charity
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
Cost
At I April 2021	621/34	240,627	4,500	866,361
Additions Disposals	15,550 (1,330	9,472		25,022 ~1,330
At 31 March 2022	635,454	250,099	4,500	590053
Depreciation
At I April 2021	1$3,818	232,$95	4,500	421,213
Charge for the year	22,839	6,532		29,371
Eliminated on disposals	1,330			(1,330)
At 31March 2022	205,327	239,427	4,500	449,254
Net book value
At 31March 2022	430,127	10,672		440,799
At 31March 2021	437,416	7,732		445,148

		2022	2021
		f.
Other	investments	586,679	589,697

		Country			Proportion	ofvoting	ofvoting	rights	Principal
Undertaking		incorporation	Holding		and shares	held			activity
					2022	2021
Subsidiary	undertakings
									Trad mg
Age UK South Lakeland Trading CIC		England and Wales 10104067	Limited guarantee	by	I ppoy	100%			subsidiary Age South	of UK
									Lakeland
									Online
									trading
Charitek CIC		England and Wales 12294358	Limited guarantee	by	I ppoy	OP			subsidiary Age	of UK
									South
									Lakeland
Other investments
					Listed	Cash	held in
				investments f		portfolio			Total
Cost or Valuation
At I April 2021					578,235			11,462	589,697
Revaluation					(1,277)				(1,277)
Additions					173,314		211,625		384,939
Disposals					(205,986)		((80,694)		~(386,680
At 31March	2022				544,286			42,393	586,679
Net book value
At 31 March	2022				544/86			42,393	586,679
At 31 March	2021				578335			(1,462	389,697

Charity
		2022f	2021f
Other investments		586,679	589,697
Other investments
	Listed	Cash held in
	investments f	portfolio f	Totalf
Cost or Valuation
At 1 April 2021	578,235	11,462	589,697
Revaluation	(1,277)		(1,277)
Additions	173,314	211,625	384,939
Disposais	(205,986
At 31March 2022	544+86	42,393	586,679
Net book value
At 31March 2022	544/86	42,393	586,679
At 31 March 2021	578,235	11,462	589,697

18 Stock
	Group		Charity
	2022	2021	2022 f,	2021f
Stocks		1,231		i/31
Finished goods	70,077	45,416
	70,077	46,647		1/31
19 Debtors
	Group		Charity
	2022	2021f	2022f	2021f
Trade debtors	43,459	79,022	31,228	79,022
Due irom group undertakings			155,251	86,361
P repayments	38,290	49,309	38,290	29,005
VAT recoverable	4,714	6,611	4,714	4,740
	86,463	134,942	229,483	199,128

			Group		Charity
			2022	2021	2022	2021
Cash	on	hand	1,270	1,539	1,270	1,539
Cash	at	bank	463,757	558,258	387,917	538,711
			465,027	559,797	389,187	540,250

21 Credi	tors: amo	unts falling	due within	one year
				Group			Charity
				2022	2021	2022		2021
					f,
Bank loans				45,454	42,295	45,454		42/95
Trade creditors				21,042	11,884	18,703		11,754
Resources	held for	third parties		17,473	18,467	17,473		18,467
Other taxation and		social security		15,617	18,698	15,617		18,698
Accruals				13,860	25,174	13,194		24,508
Deferred	income			52,925	177,350	52,925		177,350
				166/71	293,868	163,366		293,072
Deferred	income
								2022
Group
Deferred	income at I April 2021							177,530
Resources	deferred	in the period						28,000
Amounts	released &om previous		periods					(152,605
Deferred	income at 31March 2022							52,925
								2022
Charity
Deferred	income at 1 April 2021							177,530
Resources	deferred	in the period						28,000
Amounts	released &om previous		periods					(152,605
Deferred	income at 31March 2022							52,925

	Group		Charity
	2022	2021	2022	2021
	f,		f,
Land and buildings
Within one year	146/48	146,348	146,348	146/48
Between one and five years	163@72	355,122	163,272	355,122
After five years	165,633	165,633	165,633	165,633
	475/53	667,103	475,253	667,103
Other
Within one year	32,046	16,461	32,046	16,461
Between one and five years	52,558	16,599	52,558	16,599
	84,604	33,060	84,604	33,060

Group
			Balance at				Other	Balance at
			1April	Incoming	Resources		recognised	31March
			2021	resources	expended	Transfers	gains/(losses)	2022
Unrestricted	funds
General
Remaining	unrestricted
funds			206,916	1,496,782	(1376,335)	(94,559)	(1,276)	231,528
Designated
Designated	funds	- as per
charity			1,155,552		~74, 193	94,559		1,175,918
Total unrestricted		funds	1,362,468	1,496,782	(1,450,528)		(1,276)	1,407,446
Restricted funds
Restricted	funds -	as per
charity			42,772	326/94	~(346,654			22,412
Total funds
			Balance at				Other	Balance at
			I April	Incoming	Resources		recognised	31March
			2020	resources	expended	Transfers f	gains/(losses)	2021
Unrestricted	funds
General
Remaining	unrestricted
funds			57,231	1,588,809	(1,316,371)	(208,732)	85,979	206,916
Designated
Designated	funds	- as per
charity			999,760		(52,940)	208,732		1,155,552
Total unrestricted		funds	1,056,991	1,588,809	(1,369,311)		85,979	1,362,468
Restricted funds
Restricted	funds - as per
charity			13,924	300,751	~(27(,903			42,772
Total funds			1,070,915	1,889,560	(1,641,214		85,979	1,405,240

Charity
				Balance at				Other	Balance at
				1April	Incoming	Resources		recognised	31March
				2021	resources	expended	Transfers	gains/(losses)	2022
					f.
Unrestricted
General
Remaining unrestricted			funds	206,935	1,423,118	(1,302,582)	(94,559)	(1,276)	231,636
Designated
Fixed asset fund				568,153		(74,193)	45,538		539,498
General core reserve				400,000					400,000
Planned investment		in
services				97,399			49,021		146,420
Provision for upgrade ofIT
and telephone systems				90,000					90,000
				1,155,552		~74, 193	94,559		1,175,918
Total Unrestricted				1,362,487	1,423,118	((~376,775		~(,276	1,407,554
Restricted
Age UK - E.On Benefits
Entitlement Check					31,000	(31,000)
Building Resilience					36,563	(29,250)			7,313
Nationwide grant					24,925	(24,925)
Big Lottety -Development
grant					25,000	(25,000)
Cumbria CCF Pappagallino
fund					40,000	(40,000)
Compass Connections					38,333	(38,333)
Think Digital				13,406	8,938	(22,344)
Eric Wright Trust					30,250	(30,250)
Cumbria Community
Foundation Winter	Warmth			7,870	52,800	(52,990)			7,680
Agnes Backhouse Charitable
Trust				20,812		(13,848)			6,964
Frieda Scott Trust					20,000	(20,000)
Rayne Foundation	Grant				15,000	(15,000)
Barrow - Thornbarrow				229	839	(1,068)
Ambleside Masonic		Lodge		455					455
Gateway Group					2,646	~2,646
Total restricted				42,772	326+94	~346,654			22,412
Total funds				1,405,259	1,749,412	(1~723,429		((,276)	1,429,966
					Page 44

				Balance	at				Other	Balance at
				I April		Incoming	Resources		recognised	31March
				2021		resources	expended	Transfers	gains/(losses)	2022
				f,
				Balance at					Other	Balance at
				1April		Incoming	Resources		recognised	31March
				2020		resources	expended	Transfers	gains/(losses)	2021
Unrestricted
General
Remaining unrestricted			funds	57,231		1,588,809	(1,316,352)	(208,732)	85,979	206,935
Designated
Fixed asset fund				555,919			(52,940)	65,174		56$,153
General core reserve				400,000						400,000
Planned investment		in services		43,841				53,558		97,399
Provision for upgrade ofIT
and telephone systems								90,000		90,000
				999,760			(52,940)	208,732		1,155,552
Total unrestricted				1,056,991		1,588,809	(1,369,292)		$5,979	1,362,487
Restricted
Age UK - E.On Benefits
Entitlement Check						30,752	(30,752)
EON HHE Handyperson
Home energy						2,340	(2,340)
Compass Connections						38,395	(38,395)
Think Digital						46,922	(33,516)			13,406
Eric Wright Trust						10,000	(10,000)
Big Lottery Development
Grant						25,000	(25,000)
Cumbria Community
Foundation Winter	Warmth				510	51,600	(44,240)			7,870
No Place Like Home						14,000	(14,000)
Agnes Backhouse	Charitable
Trust				12,719		15,000	(6,907)			20,812
Sobell Foundation						6,000	(6,000)
CCC Falls Awareness
Champion						3,333	(3,333)
Armed Forces Covenant			Grant			18,291	(18,291)
Rayne Foundation	Grant					20,000	(20,000)
Staying Connected						9,850	(9,850)
Barrow - Thornbarrow						928	(699)			229
Ambleside Masonic		Lodge			695		(240)			455
						Page 45

Group
					Total funds at
		Unrestricted	funds	Restricted	31	March
		General	Designated	funds	2022
Intangible fixed assets			98,699			98,699
Tangible fixed	assets		440,799			440,799
Fixed asset investments			586,679			586,679
Current assets		549,414	49,741	22,412		621,567
Current liabilities		(166,371)				(166,371)
Creditors over	1 year	(151,515)				(151,515)
Total net assets		231,528	1,175,918	22,412	1,429,85$
					Total funds at
		Unrestricted	funds	Restricted	31	March
		General	Designated	funds	2021
				E
Intangible fixed assets			123,006			123,006
Tangible fixed	assets		445,148			445,148
Fixed asset investments		2,299	587,398			589,697
Current assets		698,614		42,772		741,386
Current liabilities		(293,86$)				(293,868)
Creditors over	I year	(200,129)				(200,129)
Total net assets		206,916	1,155,552	42,772		1,405,240

Charity
				Total funds at
	Unrestricted	funds	Restricted	31March
	General	Designated	funds	2022
Intangible fixed assets		98,699		98,699
Tangible fixed assets		440,799		440,799
Fixed asset investments		586,679		586,679
Current assets	546,517	49,741	22,412	618,670
Current liabilities	(163,366)			(163,366)
Creditors over I year	(151,515)			151,515
Total net assets	231,636	1,175,918	22,412	1,429,966
				Total funds at
	Unrestricted	funds	Restricted	31March
	General	Designated	funds	2021
			E
Intangible fixed assets		123,006		123,006
Tangible fixed assets		445,148		445,148
Fixed asset investments	2/99	587,398		589,697
Current assets	697,837		42,772	740,609
Current liabilities	(293,072)			(293,072)
Creditors over I year	200,129			200,129)
Total net assets	206,935	1,155,552	42,772	1,405/59