```
REGISTERED COMPANY NUMBER: 07558484 (England and Wales)
REGISTERED CHARITY NUMBER: 1141644
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
## **`FOR`**
## **`DIDSBURY PLAYING FIELDS ASSOCIATION`**
```
Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 12
**----- End of picture text -----**
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended25September2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theprincipalactivitiesandobjectsofthecharitablecompanyassetoutinthememorandumandarticles of
association are:
```
```
Theprovisionofa recreationgroundforthebenefitofthelocalresidentswithoutdistinctionofpolitical,religious or
otheropinions,withtheobjectofimprovingtheconditionsoflifeforthesaidinhabitants;Theprovision and
maintenanceof facilitiesfortherecreationandotherleisure- timeoccupationof thelocalresidentstohelp educate
them so as to developtheirphysical,mentaland spiritualcapacitiesthatthey may grow to full maturityas individuals
and members of society and that their conditions of life may be improved.
```
```
TheDPFAwassetuptofacilitatethedevelopmentofthecommunitysportsfacilitiesatSimon'sField,Ford Lane,
Didsbury,towhichendithastakenovertheleaseofthosefieldsandbroughttogethergrantsandfundraising to
build new changing facilities, create a cricket pitch and renovate the original clubhouse.
```
## **`Significant activities`**
```
The principal areas of activity have been as follows:
```
```
Wecontinuetoseeknewstrategicallianceswithlocalsportsclubstooptimisetheuseofasupersportshub and
promotetheuseofthefacilitiesbyotherlocalgroupstousethesportsandeventfacilitiestomakethefacility as
inclusiveaspossible.Ourtradingsubsidiary,DidsburySportsGroundLtd,providesthemeanstoimplement our
strategy and generate funds to maintain and improve the facilities we provide.
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
TheTrusteesaimtomaintainavailablereservessufficienttoactasabuffertomaintainactivityshouldadrop in
income or rise in expenditure occur that could impact upon the core purposes of the charity.
```
## **`Funds in deficit`**
```
Surpluscashfundsareinvestedinshorttermlowriskbankdeposits.Thereturngeneratedfromthesefunds is
satisfactory in the view of the Trustees.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
## **`Organisational structure`**
```
The governingdocumentsof DidsburyPlayingFieldsAssociationareitsMemorandumandArticlesof Association.The
companywas incorporatedon 9 March2011 as a companylimitedby guaranteeandas a charityon 3 May 2011. The
charity is managed by a Board of Trustees that meets at regular intervals and is elected on an annual basis.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
07558484 (England and Wales)
```
## **`Registered Charity number`**
```
1141644
```
```
Page 1
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 25 SEPTEMBER 2021`**
## **`Registered office`**
```
Didsbury Sports Ground
Ford Lane
Didsbury
Manchester
M20 2RU
```
## **`Trustees`**
```
J Aylward (resigned 21.3.22)
A N Crabtree
O J L Thomas
G Millington
C T Szmit
```
## **`Independent Examiner`**
```
Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN
```
```
Approved by order of the board of trustees on 23 September 2022 and signed on its behalf by:
```
```
A N Crabtree - Trustee
```
```
Page 2
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
DIDSBURY PLAYING FIELDS ASSOCIATION
```
## **`Independent examiner's report to the trustees of Didsbury Playing Fields Association ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
25 September 2021.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Actandareeligibleforindependentexamination,I reportinrespectof my examinationof yourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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`
`4. the accounts have not been prepared in accordance 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Daniel Wilson FCCA
Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN
```
```
23 September 2022
```
```
Page 3
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 25 SEPTEMBER 2021`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`28,389`
**`Charitable activities`**
`Grounds maintenance`
`1,490`
`Investment income`
`2`
`-`
**`Total`**
`29,879`
**`EXPENDITURE ON`**
`Raising funds`
`3`
`-`
**`Charitable activities`**
`Grounds maintenance`
`57,758`
`Other`
`-`
**`Total`**
`57,758`
**`NET INCOME/(EXPENDITURE)`**
`(27,879)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`546,891`
**`TOTAL FUNDS CARRIED FORWARD`**
`519,012`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`13,044`
`-`
`13,044`
`(13,044)`
`202,171`
`189,127`|`25.9.21`
`Total`
`funds`
`£`
`28,389`
`1,490`
`-`
`29,879`
`-`
`70,802`
`-`
`70,802`
`(40,923)`
`749,062`
`708,139`|`25.9.20`
`Total`
`funds`
`£`
`22,520`
`-`
`3`
`22,523`
`744`
`6,198`
`48,211`
`55,153`
`(32,630)`
`781,692`
`749,062`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 4
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
## **`BALANCE SHEET 25 SEPTEMBER 2021`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`521,185`
`2`
`521,187`
`6,937`
`17,096`
`24,033`
`(26,208)`
`(2,175)`
`519,012`
`519,012`|`Restricted`
`fund`
`£`
`189,127`
`-`
`189,127`
`-`
`-`
`-`
`-`
`-`
`189,127`
`189,127`|`25.9.21`
`Total`
`funds`
`£`
`710,312`
`2`
`710,314`
`6,937`
`17,096`
`24,033`
`(26,208)`
`(2,175)`
`708,139`
`708,139`
`519,012`
`189,127`
`708,139`|`25.9.20`
`Total`
`funds`
`£`
`758,523`
`2`
`758,525`
`3,427`
`16,652`
`20,079`
`(29,542)`
`(9,463)`
`749,062`
`749,062`
`546,891`
`202,171`
`749,062`|
|---|---|---|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 25 September 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
25 September 2021 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 5
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
## **`BALANCE SHEET - continued 25 SEPTEMBER 2021`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies
subject to the small companies regime.
```
```
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 23 September2022 and
were signed on its behalf by:
```
```
A N Crabtree - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with
the exception of investments which are included at market value.
```
```
Thefinancialstatementsarepreparedinsterling,whichisthefunctionalcurrencyofthecompany. Monetary
amounts in these financial statements are rounded to the nearest £.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
```
Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Long leasehold- Over the life of the lease
Plant and machinery- Straight line over 10 years
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
```
continued...
```
```
Page 7
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
## **`2. INVESTMENT INCOME`**
|**`2.`**|**`INVESTMENT INCOME`**|||
|---|---|---|---|
|||`25.9.21`|`25.9.20`|
|||`£`|`£`|
||`Interest receivable`|`-`|`3`|
|**`3.`**|**`RAISING FUNDS`**|||
||**`Raising donations and legacies`**|||
|||`25.9.21`|`25.9.20`|
|||`£`|`£`|
||`Support costs`|`-`|`744`|
|**`4.`**|**`NET INCOME/(EXPENDITURE)`**|||
||`Net income/(expenditure) is stated after charging/(crediting):`|||
|||`25.9.21`|`25.9.20`|
|||`£`|`£`|
||`Depreciation - owned assets`|`48,211`|`48,211`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended25September2021norfor the
year ended 25 September 2020.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended25September2021norfortheyear ended
25 September 2020.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`22,520`
`Investment income`
`3`
**`Total`**
`22,523`
**`EXPENDITURE ON`**
`Raising funds`
`744`
**`Charitable activities`**
`Grounds maintenance`
`6,198`
`Other`
`35,167`
**`Total`**
`42,109`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`13,044`
`13,044`|`Total`
`funds`
`£`
`22,520`
`3`|
|---|---|---|
|||`22,523`|
|||`744`
`6,198`
`48,211`|
|||`55,153`|
```
continued...
```
```
Page 8
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 26 September 2020 and`
`25 September 2021`
**`DEPRECIATION`**
`At 26 September 2020`
`Charge for year`
`At 25 September 2021`
**`NET BOOK VALUE`**
`At 25 September 2021`
`At 25 September 2020`|`Unrestricted`
`fund`
`£`
`(19,586)`
`566,477`
`546,891`
`Long`
`leasehold`
`£`
`1,084,050`
`329,839`
`47,133`
`376,972`
`707,078`
`754,211`|`Restricted`
`fund`
`£`
`(13,044)`
`215,215`
`202,171`
`Plant and`
`machinery`
`£`
`10,780`
`6,468`
`1,078`
`7,546`
`3,234`
`4,312`|`Total`
`funds`
`£`
`(32,630)`
`781,692`
`749,062`
`Totals`
`£`
`1,094,830`
`336,307`
`48,211`
`384,518`
`710,312`
`758,523`|
|---|---|---|---|
```
There are 3 legal charges registered, which are secured on the leasehold properties of the association.
```
## **`8. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`MARKET VALUE`**||
|`At 26 September 2020 and`||
|`25 September 2021`|`2`|
|**`NET BOOK VALUE`**||
|`At 25 September 2021`|`2`|
|`At 25 September 2020`|`2`|
```
There were no investment assets outside the UK.
```
```
continued...
```
```
Page 9
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 25 SEPTEMBER 2021`**
|**`9.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Amounts owed by group undertakings`
**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other loans (see note 11)`
`Accruals and deferred income`
**`11.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Other loans`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`Unrestricted`
**`Restricted funds`**
`Football Foundation Building Works`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`Unrestricted`
**`Restricted funds`**
`Football Foundation Building Works`
**`TOTAL FUNDS`**|`At`
`26.9.20`
`£`
`546,891`
`202,171`
`749,062`
`Incoming`
`resources`
`£`
`29,879`
`-`
`29,879`|`25.9.21`
`25.9.20`
`£`
`£`
`6,937`
`3,427`
`25.9.21`
`25.9.20`
`£`
`£`
`25,008`
`28,342`
`1,200`
`1,200`
`26,208`
`29,542`
`25.9.21`
`25.9.20`
`£`
`£`
`25,008`
`28,342`
`Net`
`movement`
`At`
`in funds`
`25.9.21`
`£`
`£`
`(27,879)`
`519,012`
`(13,044)`
`189,127`
`(40,923)`
`708,139`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(57,758)`
`(27,879)`
`(13,044)`
`(13,044)`
`(70,802)`
`(40,923)`|
|---|---|---|
```
continued...
```
```
Page 10
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
## **`12. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`Unrestricted`
**`Restricted funds`**
`Football Foundation Building Works`
**`TOTAL FUNDS`**|`At`
`26.9.19`
`£`
`566,477`
`215,215`
`781,692`|`Net`
`movement`
`in funds`
`£`
`(19,586)`
`(13,044)`
`(32,630)`|`At`
`25.9.20`
`£`
`546,891`
`202,171`|
|---|---|---|---|
||||`749,062`|
```
Comparative net movement in funds, included in the above are as follows:
```
|`Incoming`|`Resources`|`Movement`|
|---|---|---|
|`resources`|`expended`|`in funds`|
|`£`|`£`|`£`|
|**`Unrestricted funds`**|||
|`Unrestricted`
`22,523`|`(42,109)`|`(19,586)`|
|**`Restricted funds`**|||
|`Football Foundation Building Works`
`-`|`(13,044)`|`(13,044)`|
|**`TOTAL FUNDS`**
`22,523`|`(55,153)`|`(32,630)`|
|`A current year 12 months and prior year 12 months combined position is as follows:`|||
|**`Unrestricted funds`**
`Unrestricted`
**`Restricted funds`**
`Football Foundation Building Works`
**`TOTAL FUNDS`**|`At`
`26.9.19`
`£`
`566,477`
`215,215`
`781,692`|`Net`
`movement`
`in funds`
`£`
`(47,465)`
`(26,088)`
`(73,553)`|`At`
`25.9.21`
`£`
`519,012`
`189,127`|
|---|---|---|---|
||||`708,139`|
```
continued...
```
```
Page 11
```
```
DIDSBURY PLAYING FIELDS ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25 SEPTEMBER 2021
```
## **`12. MOVEMENT IN FUNDS - continued`**
```
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`Unrestricted`|`52,402`|`(99,867)`|`(47,465)`|
|**`Restricted funds`**||||
|`Football Foundation Building Works`|`-`|`(26,088)`|`(26,088)`|
|**`TOTAL FUNDS`**|`52,402`|`(125,955)`|`(73,553)`|
## **`13. RELATED PARTY DISCLOSURES`**
```
During the year the company entered into transactions with Didsbury Sports Ground Limited.
```
```
Duringtheyearthecompanymadepaymentstothiscompany.Abalanceof£34,447wasowedto Didsbury
Playing Fields Association at 25 September 2021.
```
```
During the year the company entered into transactions with Didsbury F.C Limited.
```
```
Duringtheyearthecompanymadepaymentstothiscompany.Abalanceof£710wasowedto Didsbury
Playing Fields Association at 25 September 2021.
```
## **`14. GOING CONCERN`**
```
In commonwithvirtuallyeveryotherbusinessin the country,the Companyhasbeenexperiencingthe effects
oftheCoronaviruspandemic.WhilstthefullimpactofthisexceptionalsituationontheCompanycannot be
assessedwithcompletecertaintyatthecurrenttime,theDirectorsbelievetheyhavetakenallpossible steps
to protect the Company including accessing relevant Government assistance.
```
```
At the time of signingthese accountsthe Directorsare of the opinionthatthe Companywillremainviable for
theforeseeablefutureandthereforetheseFinancialStatementshavebeenpreparedontheGoing Concern
basis.
```
```
Page 12
```