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← Chain Lane Community Hub

2024-12-31-accounts

Charity Registration No. 1150969 Company Registration No. 07527344

CHAIN LANE COMMUNITY HUB

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CHAIN LANE COMMUNITY HUB

LEGAL AND ADMINISTRATIVE INFORMATION

Directors Leon Fijalkowski (appointed 8 July 2015) John Gray (resigned 12 June 2014) Wendy Hunwick-Brown (appointed 1 August 2019) Sarah Sturgeon (appointed 23 October 2019) Nick Garrett (appointed 22 April 2020) Hannah Gostlow (resigned 19 June 2023) Natasha Barber-Evans (appointed 11 August 2022) the late Jane Farquharson (resigned 4 November 2024) Hasan Muhammad (appointed 12 September 2023) Registered Office Chain Lane Community Centre Chain Lane Knaresborough North Yorkshire HG5 0AS Charity Number 1150969 Company Number 07527344 Independent Examiner White Rose Accounting Cobdale Cottage Cobdale Lane Warter York YO42 1XD Bankers The Co-operative Bank PLC

CHAIN LANE COMMUNITY HUB

CONTENTS

Directors’ report 3
Statement of directors’ responsibilities 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Statement of Cash Flows 11
Notes to the accounts 12

3

CHAIN LANE COMMUNITY HUB

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors present their report and accounts for the year ended 31 December 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company’s governing document, the Companies Act 2006 and the Statement of Recommended Practice, “Accounting and Reporting by Charities in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective 01/01/15).

Objectives and Activities

The Trustees confirm that they have complied with the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. In particular, they have considered how planned activities contribute to the charity’s stated aims.

Charitable Aims and Objectives

The charity’s objectives are:

“To further benefit the residents of Knaresborough, North Yorkshire, and the Harrogate district—without distinction of sex, sexual orientation, race, or political, religious, or other opinions—by bringing together residents, local authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interests of social welfare for recreation and leisure-time occupation, with the aim of improving the conditions of life for the residents.”

Chain Lane Community Hub operates as a multi-purpose community centre, primarily providing social, recreational, educational, and entertainment facilities to the people of Knaresborough and surrounding areas. It also serves as a community anchor, supporting a range of partner organisations working collectively to improve the quality of local life.

Key Activities in 2024

3

The Trustees have paid due regard to Charity Commission guidance in determining the charity’s activities. The organisation maintains a policy of stakeholder consultation on matters likely to affect their interests. Information is shared through bulletins and reports to ensure a shared understanding of the financial and operational context.

Equality and Inclusion

The charity is committed to equal opportunities in employment. Applications from disabled individuals are fully considered based on aptitude. Should an employee become disabled, every effort is made to continue their employment with appropriate training and support. Training, career development, and promotion opportunities for disabled persons are, as far as possible, equal to those of other employees.

The Board continues to benefit from the expertise of highly skilled individuals with strong local knowledge and a deep commitment to the charity’s mission. During the year, two Trustees retired, one of whom has since passed away.

Achievements and Performance

Community Centre

The charity supported four permanent tenants—Better Connect, Harrogate Islamic Association, Cliff House Community Support Services, and the NHS Phlebotomy Service—alongside over 27 regular user groups and a growing number of one-off bookings. The Centre also served as a polling station for both the Combined Authority Mayoral Elections and the General Election.

Improvements to the building included:

A new community garden, maintained by volunteers, has become a hub for social interaction. Over 20 residents accessed fresh produce from the garden, which received a Bronze Award from Knaresborough in Bloom in the vegetable garden category.

Projects

4

Ageing Well Service development began in 2024, with activities including:

Community Development

Significant support was provided to over 50 households affected by major flooding in May 2024. This included one-to-one support and strategic input into countywide flood response planning, culminating in a video presentation at a regional conference.

An Ageing Well Workshop was hosted, attended by 40 representatives from various sectors.

Chain Lane continues to co-host Knaresborough Voice , a forum uniting key stakeholders to address local needs in areas such as youth, older people, health and wellbeing, arts and culture, heritage, transport, and biodiversity.

As the designated Community Anchor for Knaresborough and surrounding areas— funded by North Yorkshire Council—the charity now holds system partner status. This role strengthens links between statutory services and the local community, supporting the development of a community investment strategy for the town.

Financial Performance

Income for the year increased from £201,960 to £296,690 due to securing new tenants, grant funding for project work, maximising the hireable spaces at the community centre and a significant capital grant for green infrastructure.

In cash flow terms, Chain Lane ended the year with an in-year surplus of £14,875 and £93,297 cash in hand at the bank, above the £45,000 reserve to cover three month’s running costs as agreed by the Board of Trustees and supporting our aspiration to achieve six months working reserve. This meant that Chain Lane was able to enter the 2025 financial year in a robust position.

Forward Planning

The Trustees continue to assess the major risks to which the charitable company is exposed and have worked with the management team to establish an up-to-date Risk Register which is assessed and updated on a quarterly basis with systems and procedures in place to ensure risks are avoided and/or mitigated.

5

They meet on a quarterly basis.

Planning is in place to secure investment to undertake the final phase of refurbishment at the community centre which will maximise the facilities for residents and accommodate future growth for the charity’s team.

Structure, governance and management

The company became a registered charity on 26 February 2013 and is governed by its Memorandum and Articles of Association. Its principle activities are

The Trustees, who are also the directors for the purpose of company law and who are current directors or who served during the year were:

Leon Fijalkowski (appointed 8 July 2015) John Gray (appointed 01 August 2019 – resigned 12 June 2024) Wendy Hunwick-Brown (appointed 01 August 2019) Sarah Sturgeon (appointed 23 October 2019) Nick Garrett (appointed 22 April 2020) Natasha Barber-Evans (appointed 11 August 2022) The late Jane Farquharson (appointed 12 September 2023 – resigned 4 November 2024) Hasan Muhammad (appointed 13 September 2023)

Trustee Selection Method

There must be a minimum of 6 Trustees on the Board at one time, with persons being elected for a five-year term. The incumbent Trustees may recruit new Trustees at any time.

None of the Trustees has any beneficial interest in the company.

The Trustees give their time voluntarily and receive reimbursements for expenses only.

Organisational Structure

As of the end of 2024 the charity had a board of Trustees of 6 members responsible for the strategic direction and policy of the charity. The current members of the Board are from a variety of professional backgrounds.

The board is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met.

The report was approved by the Board of Trustees

L Fijalkowski Chair of the Board

6

11th August 2025

CHAIN LANE COMMUNITY HUB

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors, who also act as trustees for the charitable activities of Chain Lane Community Hub, are responsible for preparing the Directors’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the directors are required to:

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

7

CHAIN LANE COMMUNITY HUB

Independent Examiner's report to the trustees.

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below

Independent examiner's statement

In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements:

Zillah Hopps FMAAT White Rose Accounting 29th July 2025

8

CHAIN LANE COMMUNITY HUB

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other income
4
Total income and endowments
Expenditure on:
Charitable activities
5
Net income for the year
Transfers between funds
15
Net movement in funds
Fund balances at 1 January 2024
Fund balances at 31 December 2024		 Unrestricted
funds
£
4,582
97,279
13,806
115,666
152,261
(36,595)
89,674
53,079
177,083
230,162		 Designated
funds
£
-
-
181,024
181,024
107,613
total in box
E105
73,411
(89,674)
(16,263)
17,069
805		 Total
2024
£
4,582
97,279
194,830
296,690
259,874
36,816
-
36,816
194,152
230,968		 Total
2023
£
22,204
79,754
100,002
201,960
207,856
(5,897)
-
(5,897)
200,049
194,152

9

CHAIN LANE COMMUNITY HUB BALANCE SHEET AS AT 31 DECEMBER 2024

----- Start of picture text -----
|||||| |---|---|---|---|---| |2024|2023| |Notes|£|£|£|£| |Fixed assets| |Tangible assets|9|519,866|box E135|484,449| |Current assets| |Debtors|10|1,270|6,562| |Cash at bank and in hand|93,301|78,426| |94,571|box E175|84,988| |Liabilities| |Creditors: amounts falling due within one year|11|(46,106)|(13,813)| |Net current assets|48,465|71,175| |Total assets less current liabilities|568,331|555,623| |Creditors: amounts falling due after| |more than one year|12|(197,602)|(209,201)| |Deferred income|13|(139,761)|(152,270)| |Net assets|230,968|194,152| |The funds of the charity| |Designated funds|805|17,069| |Unrestricted funds|16|230,162|177,083| |230,968|194,152|

----- End of picture text -----

The Trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors (Trustees) acknowledge their responsibilities for:

i) ensuring the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and

ii) preparing financial statements which give a true and fair view of the state of affairs of the company at the end of each financial year and of its profit and loss 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 company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standards for Smaller Entities (effective April 2008).

The accounts were approved by the directors on 11th August 2025

Leon Fijalkowski Chair of the Board of Trustees Company Registration No. 07527344

10

CHAIN LANE COMMUNITY HUB STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2024

Notes
Net cash provided by/(used in) operating
activities
16
Cashflows from investing activities:
Purchase of property, plant & equipment
Proceeds from the sale of investments
Net cash used in financing activities
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the start of the
year
Total cash and cash equivalents at the end of
the year
Analysis of cash and cash equivalents
Cash at bank and in hand		 2024
£
111,699
(96,824)
-
(96,824)
14,875
78,426
93,301
93,301		 2023
£
13,355
(6,358)
-
(6,358)
6,996
71,430
78,426
78,426

11

CHAIN LANE COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting policies

1.1 Accounting convention

The financial statements are prepared under the historical cost convention in accordance with the applicable U.K Accounting Standards (U.K. Generally Accepted Accounting Practice) and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective 01/01/05) and the Companies Act 2006.

The accounts are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the directors have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors' continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds have been approved by the directors for a specific purpose.

1.4 Incoming resources

Donations and gifts comprise amounts received in the year.

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings which aggregate all costs related to that category. No allocation of costs between different activity categories has been deemed appropriate as they are not considered material.

1.6 Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 4% straight line on buildings
Plant and machinery 33.3% straight line
Fixtures, fittings and equipment 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income (expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

The directors consider that no such loss has been incurred.

1.8 Grants

Grants towards capital expenditure are released to the Statement Of Financial Activities over the expected useful life of the assets. Grants towards revenue expenditure are released to the Statement Of Financial Activities as the related expenditure is incurred.

12

2 Donations and legacies

Donations and gifts
3 Charitable activities
Income from charitable activities
4 Other income
Grants
Awards for All
Emergency Response 1
Garfield Weston
Groundworks
Harrogate Mind Friends of Ukraine
Hedley Grant
Knaresborough Rotary
Knaresborough Relief in Need
Macmillan Cancer Support
The Morrisons Foundation
NYC Swift Project
NYC Community Anchor Grant
NYC Community Transport Grant 1
NYC Flood Relief
NYC Friends of Ukraine (1/2/3)
UK Shared Prosperity 1
UK Shared Prosperity 2
NYC Stronger Communities
NYC Friends of Ukraine (1/2/3)
Orb Community Enterprise
Two Ridings Foundation
The Kiosk at Conyngham
Other income
5 Resources expended
Staff and payroll costs
Depreciation and impairment
Rates
Insurance
Light and heat
Professional fees
Advertising
Sundry expenses
Emergency accommodation costs (flood)
Emergency costs (flood) (other)
Friends of Ukraine fire engine
Print, post, stationery, consumables
Data and telecoms
Cleaning
Repairs and maintenance
The Kiosk at Conyngham (excl salaries)
Support costs (see Note 6)
Governance costs (see Note 6)
Finance costs (see Note 6)
6 Support costs
Subscriptions
Accountancy and audit fees
Loan interest current year
Net gain on disposal of tangible fixed assets		 2024
2023
£
£
4,582 22,204
Rent received
Hire of rooms and
facilities
Release of
grant income
Total
Total
2024
2023
£
£
£
£
£
CT600
48,907
35,862
12,509
97,279
79,754
84,770
Box E60
211,920
Box E85
296,690
total Box E90
Unrestricted funds
Designated
funds
2024
2023
£
£
£
£
-
-
-
9,434
-
8,221
8,221 -
-
-
-
30,000
-
76,317
76,317 -
-
2,500
2,500
2,500
-
2,568
2,568 -
-
6,583
6,583 -
-
3,275
3,275 -
1,000
-
1,000
-
-
-
-
5,332
-
1,250
1,250 -
7,500
-
7,500 7,500
-
4,994
4,994 -
-
15,419
15,419 -
-
13,300
13,300 -
-
30,325
30,325 -
-
12,715
12,715 -
-
-
-
10,942
-
-
-
25,232
-
-
-
1,000
-
3,557
3,557 -
-
-
-
1,255
5,306 - 5,306 6,808
13,806 181,024
194,830 100,002
Unrestricted funds
Designated
funds
2024
2023
£
£
£
£
29,703 68,882
98,585 74,193
61,407 - 61,407 36,964
-
- -
(119)
4,497 250
4,747 3,485
11,483 - 11,483 8,341
3,853 16,912
20,765 1,850
3,501 - 3,501 5,677
311 242
553 8,937
-
11,496
11,496 -
-
3,938
3,938 -
-
- -
19,000
2,362 909
3,271 2,106
8,025 3,461
11,485 7,970
6,190 - 6,190 5,691
9,141 1,522
10,663 15,617
-
- -
5,892
140,473 107,613
248,086 195,605
567 - 567 526
553 - 553 510
10,669 - 10,669 11,216
152,261 107,613
259,874 207,856
Support
Governance
Finance
2024
2023
Basis of
allocation
costs
costs
costs
£
£
£
£
£
567
567 526 Support
553
553
510 Governance
10,669
10,669
11,216 Finance
567
553
10,669
11,788
12,251

13

7 Staff Costs and emoluments

Gross salaries
Employer's National Insurance
Employer's pension contributions
Average number of employees (full time equivalent)
No employees received remuneration in excess of £60,000		 2024
2023
£
£
92,277
70,709
1,993
-
4,315
3,484
95,585
74,193
2½
2½

8 Taxation

Chain Lane Community Hub is a registered charity and its primary activities are not subject to Corporation Tax.

9 Tangible fixed assets

Land and
Plant and
buildings
machinery
£
£
Cost
At 1 January 2024
853,216
5,100
Additions
-
3,921
At 31 December 2024
853,216
9,021
Depreciation and impairment
At 1 January 2024
376,205
3,838
Depreciation charged in the year
33,129
2,569
409,334
6,407
Carrying amount
At 31 December 2024
443,883
2,614
At 31 December 2023
477,011
1,262
10 Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
11 Creditors
Amounts falling due within one year:
Trade creditors
Loans < 1 yr
Net wages
HMRC PAYE/NICs
Pension
Accruals and deferred income
12 Creditors
Loans > 1 yr
13
Deferred income falling due after more than
one year
Total deferred income at 1 January 2023
Amounts credited to statement of financial
activities
Amounts falling due after more than one year
Land and buildings are subject to security on charges registered by third parties.		 Fixtures,
Total
fittings &
equipment
£
£

19,016
877,332

92,903
96,824

111,919
974,156

12,841
392,884

25,709
61,407

38,550
454,290

73,370
519,866

6,175
484,449
2024
2023
£
£
843
910
427
5,652
1,270
6,562
2024
2023
£
£
-
-
11,051
10,504
-
-
1,875
891
452
452
32,727
1,966
46,106
13,813
2024
2023
£
£
197,602
209,201
197,602
209,201
2024
2023
£
£
152,270
164,779
(12,509)
(12,509)
139,761
152,270

14 Share Capital

The charity is limited by guarantee and has no share capital. In the event of the charity being wound up the members are required to contribute an amount not exceeding £1.

14

15 Analysis of funds 15.1 Funds held

Fund name

Awards for All

Friends of Ukraine Garfield Weston Emergency Response 1

Groundworks

Harrogate Mind Friends of Ukraine Hedley Grant Macmillan Cancer Support The Morrisons Foundation NYC Swift Project NYC Community Transport Grant 1 NYC Community Transport Grant 2 NYC Friends of Ukraine 1/2/3 Two Ridings Foundation UK Shared Prosperity 1 UK Shared Prosperity 2 UK Shared Prosperity 3 NYC Community Anchor Orb Community Enterprise

Type

Designated

Unrestricted

Unrestricted Designated

Designated

Designated Designated Unrestricted Designated Designated Designated Designated Designated Designated Designated Designated Designated Unrestricted Unrestricted

Purpose and restrictions

Development of volunteering infrastructure

To support Ukrainian refugees with learning English, practical support to aid their resettlement and social integration and community activities To fund core costs over a 12-month period

Support for residents

VCSE Energy Efficiency Scheme by Groundwork UK to upgrade critical systems, including intelligent LED lighting and heating controls, solar PV panels, and battery storage.

Support for Ukrainian guests

Inter-generational project

Cancer support hub development Chain Lane community vegetable patch patio

Support for migrants Community Transport Project development Community Transport Project development Teaching, support and activities To cover Health & Safety costs Cliff House merger feasibility

New doors and bi-fold for the Community Centre Digital Inclusion

System partner for North Yorkshire Council Support for Mental Health Network

15.2 Movement of major funds

Fund name
General unrestricted funds
Friends of Ukraine
Garfield Weston
Macmillan Cancer Support
NYC Community Anchor
Orb Community Enterprise
Designated funds
Awards for All
Emergency Response 1
Groundworks
Harrogate Mind Friends of Ukraine
Hedley Grant
Knaresborough Rotary
Knaresborough Relief in Need
Lions Knaresborough
The Morrisons Foundation
NYC Achieve Funding
NYC Swift Project
NYC Community Transport Grant 1
NYC Community Transport Grant 2
NYC Flood Relief
NYC Friends of Ukraine (1/2/3)
UK Shared Prosperity 1
UK Shared Prosperity 2
UK Shared Prosperity 3
Two Ridings Foundation
The Kiosk at Conyngham
5.3 Analysis of net assets between funds
Tangible fixed assets
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due after more than
one year
Deferred income
16
Net movement in funds
Adjustments for:
Depreciation charges
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Increase/(decrease) in deferred income
Net cash provided by/(used in) operating acti
Reconciliation of net movement in funds to n
from operating activities		 Balance b/fwd
Incoming resources
129,984
107,166
9,099
-
30,000
-
-
1,000
7,000
7,500
1,000
-
177,083
115,666
16,296
-
-
8,221
-
76,317
2,500
2,500
-
2,568
-
6,583
-
3,275
-
-
477
-
-
-
-
1,250
-
4,994
-
-
-
15,419
-
13,300
-
30,325
-
12,715
-
-
-
3,557
(2,204)
-
17,069
181,024
vities
et cash flow
Outgoing
resources
Transfers
Balance c/fwd
(152,227)
89,674
174,598
-
-
9,099
-
-
30,000
-
-
1,000
(35)
-
14,465
-
-
1,000
(152,261)
89,674
230,162
(16,296)
-
-
(9,163)
-
(942)
-
(76,317) -
(5,000)
-
-
-
-
2,568
(6,583)
-
-
(3,275)
-
-
(388)
-
(388)
(477)
-
-
-
(811)
(811)
(2,626)
-
(1,376)
(4,994)
-
-
-
-
-
(15,419)
-
-
(11,091)
-
2,209
(27,670)
-
2,655
-
(12,715) -
-
(3,110)
(3,110)
(4,632)
1,075
-
-
2,204
-
(107,613)
(89,674)
805
Unrestricted
funds
Designated
funds
Total
£
£
£
519,866
-
519,866
93,766
805
94,571
(46,106)
-
(46,106)
(197,602)
-
(197,602)
(139,761) -
(139,761)
230,162
805
230,968
2024
2023
£
£
36,816
(5,897)
61,407
36,964
5,292
4,379
20,694
(9,583)
(12,509)
(12,509)
111,699
13,355

15.3 Analysis of net assets between funds