hspiRE Welcomlng Belonglng SwNtlvo Saf• ANNUAL REPORT 2024 Call 01983 716020 Website www.asplreryde.or8.uk
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 The Trustees present their report with the fin(la1 5Memerrts of the charfty for the year ended 3tst December 2024. The Trustees have adopted the provisions of Accountfng and Reportlng by Charltles: Statement of Recommended Prathce appllcable to tharitie5 preparing their accounts in accordance wlth thè Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Charlty Namw. ASPI CharItale Incporated 0r8ani5aiion Reg15tered Number.. 1163336 Ile8lStered Addre$5: Aspire Ryde. Tthlty BulbJln8s, Dover StreeL Ryde.1sle of Wl8hL P033 2BN. Chief Executive Officer. Trev Nitholas Trustees r Robert {Bob) Whlte - Chalr r Nlthol45 En8land - Vlce Chalr r Davld Stsnesby rs Sabrlna Llppell r Nlck Mulhern IRes58ned 26th September 20241 r Ben Brown
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Contents of the Annual Report and Financlal Ststements for the Year Ended 31st December 2024 Page Ito15 Report of the Trustees Report of the Independent Audttors 16to19 ststement of Flnancial Acttvltles 20 Ballnte Sheet 21 Cash Flow Statement 22 Notes to the Cash Flow Si•tement 23 14ote5 to the Flnanclal Statements 24to34
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Bankers The Cooperative Bank Po Box 250 Bridle Road Delf House Bootle Southway L30 4GB Skelmersdale WN8 6wr Legal Glanvilles Damant Limited The Courtyard St Cross Business Park Newport Isle of Wi8ht P030 5BF Audltors Lewis Brownlee{Chlchester) Ltd Chartered Accountants Appledram Barns irdham Road Chichester West Sussex P020 7Eq
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Organlsatlonal Structure Constltutlon Aspire Ryde is re"ste wlth the Charlty Commlsslon as a tharitable Incorporated Organisation and is governed by its Constitutlon. Governance and mana8•ment The or8anisation has a board of Trustees who operate in a voluntsry capaclty. They meet several times each year to govern the organ15atlon. They ensure that full accountsblllty and transparency are In place. They have appolntsd a Chlef Executfve Officer ICEO) wlth some delegated authorlty to undertake the day-to4lay operatlon and further development of the charity on their behalf. Mr Robert (Bob) White has continued as Chair throughout 2024 with Dr Nicholas England as Vice(hair. Trust•e selectlon A skills-based analysis is used to help identify what skills are required forthe effective running of the or8anisation. This means recruitment can be specifically focused on recruiting Trustees with the best skill base for the identified gaps. Trustees are also chosen to reflect the Christlan ethos of the organisation. This leads to a robust board who are able to make good and well thought throu8h decisions. The Bishop of Portsmouth also has the right to nominate one person to become a trustee of Aspire Ryde. 2024 has seen the departure of one Trustee and we are actively seekSn8 to recrult addltional Trusteeswiththe relevantskillsand experienceto lead a large organisation. We are extremely grateful to those who have served and stepped down from this role in the past year. Rlsk Management The Trustees and CEO routlnely examlne the organlsatlon and Its reputstlonal and operatlonal rlsks when preparin8 Stratrgic plan5 and developin8 pfojects. A corporate rlsk reglster Is presented at Trustee meetin8S ensuring that or8anisatlonal risks are at the forefront of all deci5ioTrmakin8. Furthermore regular ieports of flnanclal vlablllty at Trustee meedfft8s and an annu•l •udit of the ¥¢cwnts ensure finano41 risks are examined In detall. Asplre Ryde has developed a good range of policy d0MentS to underpin how it operes so it is fair, consistent and can demonstrnte 8ood prnctice. Risk assessments are undertaken for each project •nd •ctivity.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Organ1&lonal Structure Contlnued Arrnngements for settlng Pay and Remuneration The Trustees have appointed a Flnance and Remuneration Committee led by the Trustee with finance responsibility to oversee budgetary and pay arran8ements within the organisation. The Committee review5 arKI proposes annual budgets to the Board and a8rees senernl payawards and make5 speclfic recommendatlons re8ardln8 the Chief Executr4e5 and that of other senlof m8na8ers. regularly revSevlng salary levels withln milar slzed tharities in order lo benchmark Purpose The Purposes of the or8anlsatlon arn: . ADVAAICEMENTOF RELIGION"TOADVANCE TIIE CHRim4pi FAITH TIIROUGH MISSION& PARTNER1146 WITH OTHER CHRISTIAN CHURCHES FOA THE 8ENEFITQF 7HEPU8UCIN ACCORDANCE WITH THEANGLIC4AISTATEM£NTS OF8EUEF" 2 - TO DEVELOP THE CAPAcifYANDSKILLS OF THE MEM8ERS OF 7HESOCIALLY AND ECONOMICAILYD15ADVApifAGED COMMUNMES OF THE ISLEOF WIGHT114 SUCHA WAY THAT THEY AREBEfTERABLE 7D IDENTIFY AND HELPMEEfTHEIR NEEDS. AND TO PARTiapA7EMOREFULLYII¥SOCIETY THROUGHACCESS TOSoa4L AcnviTY. INFORMAT1014. EDUCA710f4 ANDACCOMMOa4TION ObJe¢t The Trustees confirm that they ve complled wlth the duty In sect5on 17 of the Charitles Art 2011 to have due regard to the Charity Commission'5 8eneral 8uldance on publTrc benefi¢'Charities and Publ1¢ Benefit, The organisation has done thls by PrOdIng numerCS serykesand aclfjvltles that delfverour tharltabbe purposek These are dd•lled on pale 7. The or8anis*ion dellvers 5ts purpose thfouth slx defined strnte8lc PriorIts. Mentsl Health Loneliness and Isolation Poverty and Financial Instability Educatton and upskillin8 Safe, Welcomin8 spaces Housing and HOMelenesS
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Chair Bob Whlte wrltes: 2024 has continued to see both a rlse in need across the Island arHI a further increase in the reach of Aspires work. We are partlcularty pleased that 2024 has seen thestart of work to provlde additional housing wlthinour property and we lookforward to the completlon of this in the next year. We continue to thank God for the work he is doing through Asplre and to seek hls wlsdom for the future. CEO Trevor Nlcholas wrltes: In 2024 we celebrated our 10 Annlversary. and how far we have corne in such a short timel As we temporarily moved out of our high street premlses to build housing and greater cornmunity access. we reflected on the amazing journey from a small start-up charity to now re3chin8 every part of the Island through the work that we do. In connecting with thousands of people each year, we are able to offer help and hope to some of the most vulnerable rnember5 of our community. l am so grateful to our amazing team of Stsff and volunteers. and to the Trustees for their on80in8 5UPPOrt and leadership, but most of all to our amazing heavenly father for his 8uidance and provislon in all that we do.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 What we delivered Approximately 132,000 contacts with people in the year. Around 47,000 hours of employment through our projects. Over 34,000 hours of volunteering locally. Delivering £29.2m worth of social and economic value to our community. "IV
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 What we delivered nual Enyloyment Volunteerlng Discounied Additlonal Community contact5 Sustained hours feès social value Value 21W) I3,(% 13J33.5Q) 60 835.8(Kl 1x136.550 1120 58.750 12 313.125 3.359A75 Prolort Llvkn Well individual su Llvkn Wdl Grou Commsjn ort 4354 16.716 io 2.1(Xl 63(XI.IKhJ Communl Cafl Waves of Wellnes$ Gardenln Pro Communl Lunthes Inforn)atlon Polnts ARCH Blke Pro Pabnt Pro Sewln Grou 3.750 981A75 150 333.750 123.750 125 Creatfve Hub Craft Grou Food and Fun Football- Vlolence ReduLtlon General Volunteerln Tea Dance Klndness Ba Trustees In Tot•ls 670.500 310.C 547 240 75 19.625 ut 312 624 27 911719
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 The Living Well and Early Help Servlce The servlce worked with over 4.300 individuals over the tourse of 2024. Services were expanded to work alongslde Community pantries and support those attendin8. Nearly IA(X> of those supported were new to the seThilce In 2024 Our award-winnln8 Llvlng Well and Earty Help te•m continue to expand the service they offer around the 151and. En8a8in8 With people in the community. at our self-run youps and throu8h our flrst point of fA)nta¢t phone and email. the service is easlly accessible to all members of the communlty. Once agaln, durln8 the year. the team been able to expond their offer, reachin8 more communlty members than ever before thrnu8h the provision of additional 8roups and thrnu8h partnerlni wlth other servtis to en8a8e the ¢Mimunity in • variety of settin8s. Runnlng and working •lon8side MmUnIty pantries has been partkulath valuable, enabllng regular Interartlon and conversations With community members and allowing them time and safe spaces In vthlch to raise Issues they mlght be faclng. Partnerlng wlth other A5plre Inft6th5 such a5 Communlty lunch. Klndness ba and creatlve groups has been invaluable to deliverini so much Ihrough a relattvel¥ small team. We •re extremely 8rateful to our Head of ServKe Shirley Bradshaw and the whole stsff tearn who continue to work tSrelessty throuBh the LWEH service for the benefft of our local communitv.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Aspire Dover Street Aspires Creatlve Hub continue5 to expand with evermore workshops, gmups and bands emer8ln8from our amaziwa Crypt. Ukewlse. the café and softplay have added Jdditsonal sessSons and are regularly busy. partlcularly In the school holiday5. Both the creaiive hub and the 50ftF4wi contlnue to provlde free food and fun during the school holldays. Our esiape foom contlnues to perform welL 8enerattng much needed income for other projects. Our communlty lunches cont6nue to be hugely popular and necessary. We fed over 80(M) free me¥ls to people durln8 2024. We were featured on the BBC Children in Need appeal for our work In the Creattve Hub. Our recepoon team dealt wlth countle55 requests for support and distributed (Y4er 4LM) kindness ba8S durin8 the al.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Aspire High Street Fundln8 has been secured, and work started to convert the upper floors of the bulldlng into seven flats The project delivered 4>vef £3 soclal value In the w5t year. AspIIi RYDI COMIIUMITY HII• Fundin8 for the development of seven flats was finally secured In June 2024 and work started In October 2024. Thls has meant the shop movln8 Into ternpornry accommodatlon whibt the builders undertake the necessary work. Alongside the flats. the 8round floor wlll host o cafè, our ¥kOMe desl Bike and furnlture pffjjects, alonlskle a smaller shop. A dlsabled toilet will •lso benefit servlce users and the wider MmunIty. Revenue has Sncre¥sed in the ar. lar8efy due to increased furniture sales and. a8aln, this has helped to fund other sep4ices ¥4Ythin Asplfe. Due to the need to shrknk the footprint within the tempornry and refurb15hed buildin& some projects have ceased or reduced in $12e. The sewin8 8roup have moved back to Dover street and the upvffjllng Zroup has stopped for the t5me belng. Once a8•in. we are exlremely 8rthful to t)ur staff and partltularly to the numerous volunteers who work on the hi8h street and who are so dedicated to the work beln8 done.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Asplre In the communlty Our Waves of Wellness project Lx>ntinue5 to have hu8e benefits in support mentsl health, and In preventing low mood and suicide. A partnership with Brading Maven Yacht thb ¥ number ofyoung peoth leaming new skllls on the water. Our Football foi all scheme Continued to support youn8 people In meanln8ful acifvlty and reducln8 Antl-soclal behaviour. On the Same theme, OUf151e &e. oject saw us leadin8 I partnefshlp of orynis•t5ons In patrollln8 Antl- Social behavlour hotspots and supporting people on the tseet. Asplre contlnue5 to do much of our work outshde of our buddin8s •nd I the communlty, rneetlng peop where they are and supportlng them In thelr everyday lives. Durlng 2024 w¥ve been able to expand into new provislon, such a5the communlty pantrle5, to Increase our reach and availablllty to people who need our support. li
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Events and Fundraising A5plTr ¢oniSnues to fvndralse and rnlse aw•reness of our work thrSh establshed local events Ind ppeals. Once a8aln In 2024 ran a number of re8ular events such as the151Jnd Hlghland 8atherin& Medina Tattoo, Dash and Splash •nd the l$lJnd Ni8ht W•lL ralsln8 ¥1ts1 funds for the oryanlsatlon. We rnn our Christmas appeal once more In partnershlp wlth Isle of WI8M radlo and worked wlth them on their toy appeal. We were able to provide hampers to many famllles acr¢)ss the151e of Wi8ht through the 8enerosity of loc41 businesses and indNiduals.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 We are so gratefvl to both (r Brant fundlng bodle5 and to our wpporters who glve their time and energy to fundraise for us. We would to acknowledge and thankthe following: Isle of W¥ht County Coundl Isle of Wight NHS Wlghtllnk Wave 105 Austin and Hope Sport England John Lewls Isle of Wight Found•ilon Music for all All Salnts Churth Hampshire Courty Councll The Offlce ofthe Polke and Crwne Cornmissloner The Hewland Trust The National Lottery Communbty Fund The Hamp5hlre and Isle ofWi8ht Communlty Foundallon The BenehrtTrust The Am)ed Forces Covenant Fund Dr Kieron Cooney and the Island hlzhland Gatherlng team B&Q Foundation BBC Childrèn Sn Need Horsler Lffts South Western R4ilway Southern Ctrop Soverel8n Network Group 151e of Wi81rt Radio Blffa Vlaste WRS Systems IW Llons And all of our anonymous Indlvldual donor5 and 5UPPOrters who Bive so rnuch behind thè scenes.
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 Flnanclal Revlew The Charity has made a surplus within the 2024 fin•ntial year. Thls was laryety due to acilon taken In 2024 to restructure and to reverse defidts caused by the cost of livin8 crtsls. Includln8 Infiationary Pressu s. In addltlon, we were fortunate to be in reteipt of addttional grant income which ha5 improved the overall financ41 wsltlon. Whi15tsome financlal prnssures rem•in, Asplre Is now In a stron8 position to Iwild for the future Reserves Poll Trustees malntsln a poliry ot keepln8 slx months of opewating costs in reseThe based on anticiwted onBoln8 Costs If certaln operatSons cease. Our pollcy states that artlon will be tsken to reduce ctlvlty If reserve5 drop below three month5 cover. As noted above. acbon was taken In the previous year lo stem losses and to restore reserves to an acceptsble level. Thls has l•r8ely been 8chled In 2024. Future Hans Aspire Ryde ¢Offlinues to develop new seTrke5 and f•cllides. In 2024 we were able to emlmrk on the second phase of our high Mreet development. fornilng seven stsnd alone flats on the top two floors of the building ond repurposing the ground floor to develop communlty support on the hr8h streeL We plan to open this facility towards the end of 2025. We •re •lso mo¥ln8 Into other •rea5 (rf the Island throu8h leased facilltles on ShanklSn arml Wo>otton Ind working In Cowes on a youth pmgramme. Much of what we are doin8 Is In partnershlp with others includ9 the IW council and v•rious151and Churches and wlll seek to expnd this work further a$ opportunity arises. In Ilne wbth our sknteKy we wlll contlnue to seek opportuniiles, across the Isle of Wl8hL to support those In vulnerable positions and wlth o partlcul•r emphasls on those Ilving in isolallon. poverty or wlth poor mental or physlcal health. We wlll se¢k further opportuntty to SUPPOrt people with housin& whether direcdy or In partner5hlp. reco8nis•n8 that thi5 is the most ST8nificant need for many151and residents and the chjllenges Sn¥olved In developlth8 and provlding addiknonal dirert htyJsin8 provision. Pap 14
Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2024 The tru5tses are re5ponslble ft>r preparinB the Repryt of iheTry5tees and the Ilnandal statements in accordance with 8ppll¢able law and Unlted Kln8dom Accouniin8 Standards (United Klngdom Gener4lly Accepted ACCotIng Practke). The law appllcable to charltles In England and Ws, the CharfllesArt 2011, Charity (k¢Trts aftd Reports) Re8ulthns 2CM)8 and the provlslons ofthe Constftutkn requke trustees to prepare financkil statements for each finandal year whlch 8lve a truè and lalrvlew of ihe stste ol affalrs of ihe tharlty and of the incomln8 resources and appllcatlon of resources. Includln8 the Income and expendltUfE. of the Ch¥yftyth•t pefknd. In prep•ring those Ilnanclal statrmehts the trustees are requlrtd to - select suStable accountlng ld•S and then alththem corLsb5tÈnthrf; - observe the fflethods and prlnclples In the Chartty SORP: - makejudgements and estknates that are reasonable and Pden¢ . stste whether applkable accoun standards have been fDllowed. subjert to •ny malert departwes dlsck)sed and explalned in the finin¢ial statements. . prepare the llnancl statemems on the 80kn8 concern basls It Is Inapproprfato to presurne that the Charfty wlll contlnue In buslness. The trusteos Ire re5PDnslble fot IpIlY prwr reEtydJ dlxknsp wlth r••son•ble •cwr•¢y •t •rytlme the fin•ncl•l posmon of the Ch•rlty •TrJ to tn•bleth•m to enwfÈth•t the finand•l ComYw ihe CharSUes Act 2011, the Chirlty IAcctyJntsand Awrtsl Re4ulaiJons 2(¥J8 and the pfcwlsh)ns of the ¢orthullon. •re •tso rtssvr4lble fgr yfe8uirdln8 the assets ofthe Ch•rlty Ind steplorthe kY•4onihx+•nd detecuon offr•1 •nd other IrreAutsrMI•s. Appro¥ed othrolthe board oltrustte$ 25th Septernber 2Q5 •nd sd on IM betyr. Mr Bob Whlte, ChalrdTru5tr
and aFslh3Uffi rf re9>Jrrns, fortm ff#W; 21Th to rwtlD If, In 16
trdud cr PvJe 17
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P020 28 Octot*r 2025
2024 Totsl Tfjl¥l 253,033 71W2 B7,179 Tothl 19,138 LI414 Well 4Th1 Early H Ser¥kns (W77) Tol•l fvr#J5 ExtIc
31 l%aPIJEII X124 2023 T•tsl 441.691 14 54,912 4x7.7 241345 24423) (I98A40) 484h NrrAVJE 19 9W51
(uwx) (44,086) 12D S* fflxed 4ssttts 54723
((Q,477) 178 1,095 (1,006) lo110 (4504) UJ7S 134 At XiXi24 C•th fi•w •JiiW * t)¥ w•J (V74) •47 Totrl
FORM YEAR ENDED JI I>ECEMBER 2024 The flnarKW slatW of the (W, 6 a erw FPS 101 ixen et01) In PLCOIdan Ylth the Charl¥es SIW {FRS 102) and Rep)W ty rleS.. ierrtnt rf RecomrreTrhJ p apFabk W drS weparfroj th accordar Flnancaal RewtYr4J Sidd In the Repth of treiyJ (FPS 1021 leffeLtye l 20191,, Hnandal sId 102 Tr RewUNJ Slartsd the LK and Reput Expendlbjye Infok assets are LwRalLsed arn1 ftknre tenells •e wobthlo ar tr aJ& f Irwlbte asts we hlJJlly rectyJrd at co After co# ffK4deL thwYJlJle are Motor hleS ropathsare k1 rt ctht Tarslble Sets OThj £SCi) or are LE WJ for worE Il¥n ore y. Tl e valw1 at c
20 2023 56.493 194 196,346 ftak1 trdrts 3B7 619.916 6W995 253,033 2024 B&Q Nhtwty I BKChlkknn In Need erf&tTn& oorfty Bank Commi# HJmp4re & Wkjht KB Hampthre Clxmty crcK HIWCF c(htccG Wtyht CoLmty ¢1 Wtyht & Stsne5 1S,1)Xl I7,j 10,614 11480 3,627 20,321 336,627 16,r 132,W5 18,DXI 7.110 7,170 lyl Frt for Ttyyn CouTh South Westem Ral lif/J5 3J35 11.685 11520 13Jg) Sport Cllr ¢knrts (uth£i5CQ) 3,454 619,916 1*436
FOR ThE YEAR ENDED 31 DECEMBER 2024 Tr)Ykg sa5 ff)ms 75,616 51,284 35,895 IW504 87,179 564 1C6 2024 202J 93,085 71WI 861,987 2024 14358 4242 14,487 4.651 C¢61srf ratslrwj fuTrts 19,138 nrte 8) Tola (hrtab* Ath5 fvrnknl LMr¥J Wdl Eaty Hdp SeThk 291m4 291 4067h12 9.1fj8 i.U5
FOR THE YEAR ENI)ED 31 DKEMBER X124 953 Trtsl• 19W7 159,16B 2023 VJ50 5,IC ent 31 Oec•th 2023. 31 EeEWrtw 2021 ii. 202J Wages 824275 53035 14941 7,711 37,047 10.729 855,487 20 51 2023 IlUdh)rj ebiyr d contr11¥r* pala durlig the y Yms £136.297 (2023: £127017 P2?
FOR ThE YEAR ENDED 31 OECEfvIBER X124 Trtal IIICOME AND ENDOWMBI15 FROM C#Jnalh)ns aTh1 140,163 112,870 253,033 93,08S 76B,9J2 93,LI85 7f4,2 LMrvJ Well arxl Help Saes 87.179 87.179 l.fA16 Totsl ImOJ35 112 1203.205 EXPENOrnIV ( Ra151rwJ fund5 19,138 19,138 523m3 $23,CW3 114,014 607,437 Charkn14è fwthd ty &art5 Lfvk¥J Wol and Sw4us 114.014 fAf.437 1.149,668 114x114 1,263M2 NEfiNCOMEI(ExpvmrnRfJ (59J33) (1,144) (&)h77) T¢tsl Ii¥w•d 256.014 12,226 26824) 196MI 207,763 At l J)24 * 31 2024 31h76 AMORTISATION At l 2024 aTrl 31 2024 At 31 3)24
FOR TrE YE1 ENDED 31 DECEMBER 2024 TAIIGIBLE FIXED SSEIS (tsroR VALUATION At l JJnLWry 2024 dknor 7ITJ4 IOh99 (64) 31 fx•nber 2024 DEPRECIATION At l j$Jary 2024 cha for year Imlnabj dtsy•l (1196) NET 8OOK VALUE At 31 DeceMr 2024 90,1100 401248 29,518 At 31 32267 T<¢• At l JjnU 2024 $01,642 136,651 (U04) 47Ag0 gB12 •J5,42• DEPRECIAII(IN At l JanuJy 2024 Charye for yp•r hMted on 794 4.517 59,951 17,898 (1196) 17Jll 75,653 30,279 731 SS9,776 131 OKeffOer J)23 16, 532 441,691 Valuatkjn kn 2019 145 4K248
FOR THE YEA EIIDED 31 DECEPIBER 2024 WI 2019 845$ s5074 47PJO 47,590 ?.2 635fv29 15. 2024 2023 Trade detrAO 1¢342 3,210 015 26136 21.101 41567 54,942 24 k 18) Tr7Ak crnjknrs 3,474 14,L52 12,49) VAT £rLS aTh1 dderrl on 121248 198,540 17. 24 2023 Bart bans (e 18) 27&947 27SffiS0 276,n3 AsFI We •? as Intsiees fc grarts to be •4¥*110 LYJnK¥K15 from the
FOR ThE YEAR ENDED 31 DECEMBER 2024 i& LOs An anaTr clthe n¥urltyd loxs15 tth: 2024 3.474 Amuntsfallkli a1 yewy. k knan5. 1.2 ytys 4,261 3A67 AnKJnts fJllrJ belween •rrfl Bank Ic4r6- 2-5 )tar5 251 13ml Anwts fall1 rIe thjn Il+ Bank k4rs nve S yr 257,962 LEASING AGREEMEiirs 21,164 24 2025 27S814 279,124 Tlre15 a gal 35-36 bx4 twm bank tra. Pa*31
AX THE YEAR ENDED 31 DECEMBER 2024 At iiii 11¥24 rneral furKI 34,111 f36 94x12 33.943 1632V 77M8 (4YJ) $56 171870 369,551 199.234 (1775) (133) (8} 199,134 Wa¥t 105 Cath ts K Help ¥4th F1 1775 749 4545 Sh25 1¥082 19W 2W5 X17,763 576079 Net Ir1 abm ¥e as knfvn Gewal luThJ &040M98 (953,296) 95,> 77,668 {955296) 171870 487JJO (2•096) 199,234 (1775) (1775} (133) (133) (} Wa¥e 105 Cath H Heaury F1 487J30 (29iW) 195,446 TOTAL FVMDS L61W6 (1,245,I#D) 368A16
FOR THE YEAR ENDED 31 DENBER 2024 21. MOVEMEIITIN R114DS. At i1112J 111123 Gwral furKI 110517 159J33) 117Mn} 34,112 .761 17.072 256014 (59J33) 196,681 wa 105 Cath for Kk15 tr*lp Heaory Fu1 1775 (3,112) 5,425 12226 (1.144) li.C42 TOTAL NDs (KJ.477) 207,763 fvnd• rAwal fv I,CWJ35 11.149,6&8) (59,333) 109216 IlQ3,216) 105 Cash for K Ythh Fu Hewkind Tn (3,112) 1228) 1681) (3,1121 1.123 111870 (114,0141 (1,144) L.203.205 (1.263,6621 16).4771 Bul¥Inl StrEe( W, (Krt In 2019.
the comn¥Jr4ty 2024 3975 [r*i9 the ¥r Ihe pjkl £550 b) 1¥rtwal a dwlty of Rw Ben