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||||||Page|
|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||the|director's|report)||
|Independent
examiner's
report|to the|trustees||||
|Statement
offinancial
activities|(including||income and|||
|expenditure
account)||||||
|Statement offinancial
position|||||10|
|Notes to the financial statements|||||12|
|The following
pages do not form part ofthe financial statements||||||
|Detailed statement
offinancial|activities||||27|
|Notes to the detailed statement|offinancial||activities|||
|including
Museum
consolidation|||||29-32|
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|Registered|charity|name|name|The Green Howards|Trust||||
|---|---|---|---|---|---|---|---|---|
|Charity registration||number||1165426|||||
|Company|registration||number|CE007127|||||
|Principal offic and||registered||Regimental
Headquarters|||||
|oNce||||Green Howards
Museum|||||
|||||Trinity Church Square|||||
|||||Richmond|||||
|||||North Yorkshire|||||
|||||DL10 1AQ|||||
|The trustees|||||||||
|||||Lt Col (Retd) J N Watt|||||
|||||(Chairman)|||||
|||||Major (Retd) P B R Houghton|||||
|||||Colonel (Retd) S Fovargue||MBE|||
|||||Mr P Bennison|||||
|||||Captain (Retd) P Taylor|||||
|||||Colonel J KWright|||||
|||||Colonel SMoss|||||
|||||Mrs BThornton-Berry|||||
|||||Captain (Retd) R Nevilie|||||
|||||Colonel R Mantell MBE
Colonel J Willis IVIBE|||(Resigned
(Resigned|21 July 2021)
14May 2021)|
|||||Brig (Retd) E D Colthup|||(Appointed|15May 2022)|
|||||Lady B Hale DBEPC|||(Appointed|15 May 2022)|
|Independent|examiner|||Jane Boagey FCCA|||||
|||||15Newblggin|||||
|||||Richmond|||||
|||||North Yorkshire|||||
|||||DL104DR|||||
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|||||Unrestrlcte
d|Restricted|||
||||Note|fund
f
s|funds
f|Total funds
f|Total funds|
|Income and endowments||||||||
|Donations
and legacies|||5|110,46||110,469|135,976|
|Charitable
activities|||6|22,65||22,653|18,453|
|Other trading
activities|||7|48,28||48,286|31,267|
|investment
income|||8|53,66||53,660|53,771|
|Total Income||||235,068||235 068|239467|
|Expenditure||||||||
|Expenditure
on raising funds;||||||||
|Raising funds|||9|8,045|1,636|9,681|3,156|
|Costs oftrading
activities|||10|23,915||23,915|14,650|
|Investment
management||costs|11|19,517||19,517|19,110|
|Expenditure
on charitable|activities||12,13|241,836|40,332|282,168|309,490|
|Other expenditure|||14||||1,000|
|Total expenditure||||293,31,3|41,968|335,281|347,406|
|Net gains on investments|||15|(252,979)||(252,979)|(5,133)|
|Net Income/(expenditure)||||194,734|(41,968)|152,766|(102,806)|
|Transfers
between
funds||||(2,095)|2,095|||
|Net movement
In funds||||192,639|(39,873)|152,766|(102,806)|
|Reconciliation offunds||||||||
|Total funds brought
forward||||3,528,284|699,961|4,228,245|4,331,051|
|Total funds carried forward||||3,720,923|660,088|4,381,011|4,228,245|
##
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|6|6|
|Fixed assets||||||||
|Tangible fixed assets
Investments|||||20
21|1,243,154
3,001,156|1,332,247
2,778,035|
|||||||4,244,310|4,110,282|
|Current assets||||||||
|Stocks
Debtors
Cash at bank and|in|hand|||22
23|19,102
4,482
128,054|17,412
11,076
111,880|
|||||||151,638|140,368|
|Credltoni: amounts||failing due within||one year|24|14,937|22,405|
|Net current assets||||||136,701|117,963|
|Total assets less|current||liabilities|||4,381,011|4,228,245|
|Net assets||||||4,381,011|4,228,245|
|Funds ofthe charity||||||||
|Restricted funds
Unrestricted
funds||||||660,088
3,720,923|699,961
3,528,284|
|Total charity funds|||||27|4,381,011|4,228,245|
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|orshe is a member,
or within one year
Donations
and legacies|after he or she ceases to bea|member.||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||r.|||
|Donations||||
|General donations|14,002||14,002|
|Medals||||
|Collen Collins donations||||
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||||||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|2021|
||||||||||5|
||Grants|||||||||
||MOD wages||grant||||22,305||22,305|
||Art fund||||||4,245||4,245|
||Friends ofthe Green Howards||||Museum||3,000||3,000|
||Saintburys|Trust Grant|||||5,000||5,000|
||Government||grant income||||61,917||61,917|
||||||||110,469||110,469|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2020|
|||||||||F|F|
||Donations|||||||||
||General donations||||||16,137||16,137|
||Medals|||||||14,635|14,635|
||Collen Collins donations||||||15,000||15,000|
||Grants|||||||||
||MOD wages||grant||||22,174||22,174|
||Art fund|||||||1,515|1,515|
||Friends ofthe Green Howards||||Museum|||3,954|3,954|
||Salntburys|Trust Grant||||||||
||Government||grant income||||62,561||62,561|
||||||||115,872|20,104|135,976|
|6.|Charitable|activities||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
|||||||F||5||
||Admissions|and museum||events||22,653|22,653|18,453|18,453|
|7.|Other trading activities|||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
|||||||E|6||6|
||Shop sales|||||40,598|40,598|22,414|22,414|
||AMOT consultancy|||||||8,853|8,853|
||Cafe|||||7,688|7,688|||
|||||||48,286|48,286|31,267|31,267|
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|Investment
income|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2021
f|Funds
E|2020
E|
|Income from listed investments|53,659|53,659|53,763|53,763|
|Sank Interest receivable|1|1|8|8|
||53,660|53,660|53,771|53,771|
##
|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|
|||||E|E|f|
|Advertising||||4,318||4,318|
|Exhibitions|and|special projects||3,727|1,636|5,363|
|||||8,045|1,636|9,681|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
F|Funds
f|2020|
|Advertising||||3,156||3,156|
|Exhibitions|and|special projects|||||
|||||3,156||3,156|
|Costs oftrading||activities|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2021|Funds|2020|
|||||E|E||
|Shop costs|||21,375|21,375|14,650|14,650|
|Cafe costs|||2,540|2,540|||
||||23,915|23,915|14,650|14,650|
##
|11.|Investment|management|costs|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||||Funds
E||2021
E|Funds
f||2020
E|
||Investment|management|charges|19,517||19,517|19,110||19,110|
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|12.|Expenditure|on charitable|activities|by fund type||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds
f|2021
f|
||Museum costs||||237,686|40,332|278,018|
||Support costs||||4,150||4,150|
||||||241,836|40,332|282,168|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
f|Funds
f.|2020
f|
||Museum costs
Support costs||||240,392
3,374|65,724|306,116
3,374|
||||||243,766|65,724|309,490|
|13.|Expenditure|on charitable|activities|by activity type||||
|||||Activities||||
|||||undertaken|Support|Totatfunds|Total fund|
|||||directly
f|costs|2021
f|2020
f|
||Museum costs
Governance
costs|||278,018|4,150|278,018
4,150|306,116
3,374|
|||||278,018|4,150|282,168|309,490|
|14.|Other expenditure|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
f|2021
f|Funds
f|2020
f'|
||Grants payable|||||1,000|1,000|
|15.|Net gains on|investments||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
f|2021
f|Funds
f|2020
f|
||Gains/(losses)|on listed investments||252,979|252,979|5,133|5,133|
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|16.|Net Incomef(expenditure|Net Incomef(expenditure|)|||||
|---|---|---|---|---|---|---|---|
||Net incomer(expenditure)|||is stated after charging/(crediting):||||
|||||||2021|2020|
|||||||E|E|
||Depreciation|oftangible|fixed assets|||79,892|95,972|
||Reallocation|of heritage|assets to Museum|||9,201||
|17.|Independent|examination||fees||||
|||||||2021|2020|
|||||||E|E|
||Fees payable|to the independent
examiner|||for:|||
||Independent|examination||ofthe financlal statements||4,500|9,270|
##
|Staffcos|ts|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed
as|follows:|
|||||2021|2020|
|||||E|F|
|Wages and salaries||||131,525|135,752|
|Social security costs||||6,788|7,132|
|Employer|contributions|to pension|plans|6,271|4,480|
|||||144,584|147,364|
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|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Long||||
||Freehold|leasehold|Fixtures and|||
||property|property|fittings|Equipment
6|Total
f|
|Cost||||||
|At 1 January 2021|20,000|1,049,824|596,786|11,773|1,678,383|
|Disposals
Other movements|||(554)
(13,767)||(554)
(13,767)|
|At 31 December 2021|20 000|1 049 824|582,465|11,773|1,664,062|
|Depreciation||||||
|At 1 January 2021
Charge for the year
Dlsposals||86,944
20,996|248,180
58,247
(5,120)|11,012
649|346,136
79,892
(5,120)|
|At 31 December 2021||107,940|301,307|11,661|420 908|
|Carrying
amount||||||
|At 31 December 2021|20,000|941,884|281,158|112|1,243,154|
|At 31 Deceinber 2020|20,000|962,880|348,606|761|1,332,247|
##
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||Cash or cash|Listed||
|---|---|---|---|
||equivalents
f|investments
F|Total
8|
|Cost or valuation||||
|At 1 January 2021|81,773|2,696,262|2,778,035|
|Additions||340,703|340,703|
|Disposals||(312,020)|(312,020)|
|Fair value movements||224,296|224,296|
|Other movements|(64,375)|34,517|(29,858)|
|At 31December 2021|17,398|2,983,758|3,001,156|
|Impairment||||
|At 1January
2021 and 31December 2021||||
|Carrying
amount||||
|At 31 December 2021|17,398|2,983,758|3,001,156|
|At 31 December 2020|81,773|2,696,262|2,778,035|
|All investments
shown above are held at valuation.||||
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|22.|2021 amount
f741,265).
Stocks|to f83|4,769 (2020 - f750,217), including
an en|dowment
fund ofF817|,531 (2020|
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
||Finished goods and goods for resale|||19,102|17,412|
|23.|Debtors|||||
|||||2021|2020|
|||||E||
||Trade debtors
Prepayments
Other debtors|and accrued income||491
3,616
375|6,042
3,400
1,634|
|||||4,482|1'I,076|
|24.|Creditors: amounts||faglng due within one year|||
|||||2021
f|2020
f|
||Trade creditors
Accruals and deferred
income
Social security
and other taxes
Other creditors|||3,058
4,500
4,882
2,497|1,428
18,245
2,301
431|
|||||14,937|22,405|
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|Government|grants|grants||||
|---|---|---|---|---|---|
|The amounts|recognised
in the financial statements||for government|grants are as follows:
2021
f|2020
f|
|Recognised|in income from donations|and legacies:||||
|Government|grants income|||61,917|62,561|
##
##
|||||||Gains and||At|
|---|---|---|---|---|---|---|---|---|
|||At1 Jan 21
f|Income
f|Expenditure
f|Transfers
f|losses
f|31 Dec
f|21|
|General funds||3,528,284|235,068|(293,313)|(2,095)|252,979|3,720,923||
|||At||||Gains and||At|
|||1 Jan 2020
f|Income
f|Expenditure
f|Transfers
f|losses
f|31 Dec
f|20|
|General funds||3,585,470|219,363|(281,682)||5,133|3,528,264||
|Restricted|funds||||||||
|||||||Gains and||At|
|||At1 Jan 21
F|Income
F|Expenditure
F|Transfers
f|losses
f|31Dec
f|21|
|Restricted|Funds|699,961||(41,968)|2,095||660,088||
|||||||Gains and||At|
|||At1 Jan 20
f|Income
F|Expenditure
f|Transfersf|losses|31 Dec
f|20|
|Restricted|Funds|745,581|20,104|(65,724)|||699,961||
##
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##
|Analysis|ofcharitable
|funds
(r,onrrnumt)|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1 January||||December|
|||2021|Income|Expenses|Transfers|2021|
|||8|8||8|8|
|Museum|Development||||||
|Fund||646,125||(36,343)||609,782|
|Normandy|Memorial||||||
|Fund||18,976||||18,976|
|Weston Loan with Art|||||||
|Fund Programme||7,639||(772)||6,867|
|AIM Fund|&AMDT||||||
|Conservation||1,938||||1,938|
|Medal Room Project-|||||||
|Goldman|Sachs|231||(2,326)|2,095||
|Medal Room Project-|||||||
|HLF||21,141||(2,527)||18,614|
|Medal Purchases||3,911||||3,911|
|||699,961||(41,968)|2,095|660,088|
##
##
##
##
|Analysis ofnet as|sets between
funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||||8|
|Tangible fixed assets||668,563|574,591|1,243,154|
|investments||3,001,156||3,001,156|
|Current assets||66,141|85,497|151,638|
|Creditors less than|1 year|(14,937)||(14,937)|
|Net assets||3,720,923|660,088|4,381,011|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
||||F|6|
|Tangible
fixed assets||737,568|594,679|1,332,247|
|Investments||2,778,035||2,778,035|
|Current assets||35,086|105,282|140,368|
|Creditors less than|1year|(22,405)||(22,405)|
|Net assets||3,528,284|699,961|4,228,245|
##
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##
||||2021|2020|
|---|---|---|---|---|
|Income and endowments|||||
|Donations
and legacies|||||
|Generaldonations|||14,002|16,137|
|Medals||||14,635|
|Collen Collins donations||||15,000|
|MIOD wages grant|||22,305|22,174|
|Art fund
Friends ofthe Green Howards
Saintburys
Trust Grant||Museum|4,245
3,000
5,000|1,515
3,954|
|Government
grant income|||61,917|62,561|
||||110,469|135,976|
|Charitable
activities|||||
|Admissions
and museum|events||22,653|18,453|
|Other trading activities|||||
|Shop sales|||40,598|22,414|
|AMOT consultancy
Cafe|||7,688|8,853|
||||48,286|31,267|
|Investment
income|||||
|Income from listed investments|||53,659|53,763|
|Bank interest receivable|||1|8|
||||53,660|53,771|
|Total income|||235,068|239,467|
##
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##
|Year ended 3|1De|ce|m|ber 2021|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||6|E|
|Expenditure|||||||
|Raising funds|||||||
|Purchases|||||5,363||
|Advertising|||||4,318|3,156|
||||||9,681|3,156|
|Costs oftrading|activities||||||
|Purchases|||||23,580|14,650|
|Other office costs|||||335||
||||||23,915|14,650|
|investment
management||||costs|||
|Investment
management|||charges||19,517|19,110|
|Expenditure
on|charitable|||activities|||
|Wages and salaries|||||131,525|135,752|
|Employer's
NIC|||||6,788|7,132|
|Pension costs|||||6,271|4,480|
|Repairs and maintenance|||||2,856|22,997|
|Insurance|||||23,218|23,206|
|Other motor/travel|costs||||2,050|822|
|Legal and professional||fees|||17,927|15,414|
|Other office costs|||||5,568|7,442|
|Depreciation|||||79,892|95,972|
|Other interest payable and similar charges|||||527|443|
|Reallocation
of heritage||assets|||9,201||
|Non-recoverable|VAT and||sundry expenses||(4,345)|(5,083)|
|Subscriptions|||||690|913|
||||||282,168|309,490|
|Other expenditure|||||||
|Grants payable||||||1,000|
|Total expenditure|||||335,281|347,406|
|Net gains on investments|||||||
|Gains/(losses)
on|listed|investments|||(252,979)|(5,133)|
|Net Income/(expenditure)|||||152,766|(102,806)|
##
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##
|||2021|2020|
|---|---|---|---|
|||6||
|Ralsingfunds||||
|Advertising||||
|Advertising||4,318|3,156|
|Exhibitions
and|speciai projects|||
|Exhibitions
and special projects||5,363||
|Raising funds||9,681|3,156|
|Costs oftrading|activities|||
|Shop costs||||
|Shop costs - purchases
Shop costs - card merchant fees||21,040
335|14,650|
|||21,375|14,650|
|Cafe costs||||
|Cafe - purchases||2,540||
|Costs oftrading|activities|23,915|14,650|
##
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##
|Expenditure
on charitable|Expenditure
on charitable|activities|||
|---|---|---|---|---|
|Museum costs|||||
|Actfvitfes undertaken|directly||||
|Wages
Employer's
NIC
pension costs
Repairs &maintenance|||131,525
6,788
6,271
2,856|135,752
7,132
4,480
22,997|
|Security 8 insurance|||23,218|23,206|
|Travel costs|||2,050|822|
|Legal &professional
fees
Stationery
&computer costs|||8,787
5,568|6,144
7,442|
|Depreciation
Reclassigcation
of heritage assets|||79,892
9,201|95,972|
|Sundry expenses
Subscripiions|||1,172
690|1,256
913|
||||278,018|306,116|
|Governance costs|||||
|Accountancy
fees
Other finance costs|||9,140
527|9,270
443|
|Non-recoverable
VAT|||(5,517)|(6,339)|
||||4,150|3,374|
|Expenditure
on charitable||activities|282,168|309,490|
|||||||2021|||||2020|2020||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||CI0|Museum||Total||CIO|Museum||Total|
|Fixed assets||||||||||||||
|Tangible
fixed assets|||||1/43,154||1,243,154||1,332+47|||—|1,332247|
|Investments|||||3001 156|817531|3|818687|2|118035|141|265|3519300|
||||||4,252,079|817,531|5,061,841||4,1tOP$2||741,265||4,851,54T|
|Current assets||||||||||||||
|Stocks|||||19,102|||19,102||11,412||—|17,412|
|Debtors|||||4,482|||4,482||11,076||—|11,076|
|Cash at bank and in hand|||||128054|17 38||145||111880|8|952|120832|
||||||151,638|17,238||168,876||140,368|8,952||149,320|
|Creditors:|amounts||falling|due within one year|14937|||14937||22405||||
|Net current|assets||||136701|17238||153939||117963|8|952|128915|
|Total assets||less current||liabilities|4 388160|834769|5|15780|4|228 45|750|17|4 978462|
|Net assets|||||4 388780|834769|5|215780|4|228 45|750|217|4 978462|
|Funds ofthe||charity||||||||||||
|Endowment||||||817.531||817531|||741~||741/65|
|Restricted|funds||||660,088|||660,088||699,961|||699,961|
|Unrestricted||funds|||3.720,923|17738|3.738,161||3,528/84||8,952||3,537/36|
|Total charily||funds|||4381011|834169|5gt5 TBO||4|8745|750/17||4978462|
##
##
##
||||||2021||||2020||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Income and endowmetrts||||CIO|Museum||Total|CIO|Museum|||Total|
|General domncum||||14,002|||14,002|16,137||||18,137|
|Medals||||||||14,635||||14,635|
|CoDen Colfins donathns||||||||15,000||||15,000|
|MOD wages grant||||22,305|||22,3D5|22,174||||2?,IT4|
|Art fund
Friends ofIhe Green Howards bluseum
Trust Gnmt
~gant inconw||||4245
3,000
5,000
61,917|||4245
3,000
5,000
61,917|1,515
3,954
62,581||||1,516
3,954
62,%1|
|Admissions
and museum|events|||22,653|||22,653|18,453||||18,453|
|Shop sahm||||40,598|||40,598|22,414||||22,414|
|AMDT co suitanrT
Cafe
Income frmn ested~||||T,688
53,659, 8,356|||7,688
62,015|8,853
53,763|7,938|||8,853
61,101|
|Bank baerest recehratde||||1|1||2|6||||8|
|||||235,068|8,357||243,425|239,467|7,93S|||247,405|
|Errpendhure|||||||||||||
|Purchases||||5,363|||5,383||||||
|||||4,318|||4,3'I8|3,156||||3,156|
|Other oflice casts
~man agernent
charges
Wages and salaries
~s NIC||||19,517
131,525
e,?ee|||24,825
131,525
8,788|I47150
19,110
135,752
7,132|4,776|||14,650
23,886
135,752
1,132|
|Pension casts||||6271|||Bm|4,48D||||4,460|
|Repairs and maintenance||||2,956|||2,858|22,997||||22,997|
|||||23gte|||23pte|23/tat||||23m|
|Other rrartorhravet
costs||||2,050|||?050||||||
|Lcgrd and professkurd
fees||||17,927|||17,927|15,414||||15.414|
|Other office costs||||5,568|||5,558|1,442||||7,442|
|Deprec laban
Rec~ ofherbage|assets|||79,892
9201|||9P)t|95,972|||||
|Other interest payatdo and|similar|charges||521|||||||||
|Nonvecoverable
VAT and
Subsc ripbons|sundry etpenssm||(|4,345)
890||(|4,345)|(
5,083)
913||(||5,083)
913|
|Grmns payable||||||||1 000||||1 000|
|||||335~1|5,3DS||340,589|341,406|4,778|||352,182|
|Net gains on Invesbn
ants
Gainsf(bases)
on listed~||||252,979|129,501||382,480|5,133|85,418|||90,596|
|Net lncomal(eapendltura)||||152,766|132,550||285,310|( 102,800)|88,625||(|14,181)|