||||Page|
|---|---|---|---|
|Report ofthe|Trustees||1 to 9|
|Report ofthe|Independent|Auditors|10to 12|
|Consolidated|Statement of Financial Activities||13|
|Consolidated|Balance Sheet||14|
|Charity Balance Sheet|||15|
|Consolidated|Cash Flow Statement||16|
|Notes to the|Consolidated|Cash Flow Statement|17|
|Notes to the|Consolidated|Financial Statements|18to 33|
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|supervising
management.|supervising
management.|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Day to day responsibility
for the charity
rests with the Chief||Officer|and||in|turn the Deputy|||Chief|Officer and|Services|
|Manager
and the Operations
Manager
in the Trading
Arm.|To facilitate|||effective operations||||the management|||team has|
|delegated
authority,
as approved
by the trustees,
for operational|||matters|||including|finance||and|performance|related|
|activity. Employees ofthe charity attending
the Board ofTrustees meetings|||||do not have any|||voting||rights.||
|New Members are given an induction
pack containing:
1.Governing
Documents||||||||||||
|1.1 Care and Repair Western
Bay Articles ofAssociation||||||||||||
|1.2 Care and Repair Solutions
Memorandum
ofAssociation||||||||||||
|2.The Role ofBoard Trustees||||||||||||
|2.1 Board Trustee Job Description||||||||||||
|2.2 The Essential Trustee - Charity Commission
Guidance||||||||||||
|2.3Guidance for Board Members:
Decision Making -Charity|Commission|||Guidance||||||||
|2.4 The Charity Governance
Code||||||||||||
|2.5 Conflict ofinterest Guide -Charity Commission
Guidance||||||||||||
|2.6 Conflict ofInterest Guide -ICSA Guidance||||||||||||
|2.7Trustee Expenses -Charity Commission
Guidance||||||||||||
|2.8 Care and Repair Group Conflict ofinterest Policy||||||||||||
|3.Standing
Orders and Terms ofReference||||||||||||
|3.1 Standing
Orders for meetings ofCare and Repair Western||Bay Board|||of|Trustees||||||
|3.2 Terms of Reference for Care and Repair Western
Bay Board of Trustees'||||||Standing|Committee|||||
|4.Membership
Policy for Care and Repair Western Bay|Trustees|||||||||||
|5.Finance||||||||||||
|5.1 Financial
Regulations
including
Schedules of Delegated|Authority|||||||||||
|5.2 Care and Repair Western
Bay Reserves
Policy||||||||||||
|5.3Consolidated
Financial Statements 2019 - 2020||||||||||||
|6.Business Plans||||||||||||
|6.1 Care and Repair Western
Bay Business Plan 2020 - 2023||||||||||||
|6.2 Care 8 Repair Solutions Business Plan 2020 - 2023||||||||||||
|6.3 Business Continuity
Plan||||||||||||
|7 Health and Safety||||||||||||
|7.1 Health and Safety Policy and Plan||||||||||||
|7.2 Health and Safety additional
information||||||||||||
|8Care and Repair Western Bay and Care LRepair Services General||||Information||||||||
|8.1 Care and Repair Western Bay Board ofTrustees||||||||||||
|8.2 Care and Repair Solutions Directors||||||||||||
|8.3Care and Repair Western Bay Group Board Structure||||||||||||
|8.4 Care and Repair Western Bay Organisational
Chart 2021 - 2022||||||||||||
|8.5 Care and Repair Solutions Organisational
Chart 2021 - 2022||||||||||||
|9Care &Repair Cymru
-Useful Information||||||||||||
|10Declaration
ofinterests
Form||||||||||||
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##
##
##
##
##
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|F||F||
|INCOINE AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||394,989||394,989|398,847|
|Charitable
activities||||||||
|Care 8 Repair||||697,019|1,515,791|2,212,810|2,133,524|
|Investment
income||||308||308|1,457|
|Other income||||144||144|42|
|Total||||1,092,460|1,515,791|2,608,251|2,533,870|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Care 8 Repair||||907,183|1,504,238|2,411,421|2,438,923|
|Total||||907,183|1,504,238|2,411,421|2,438,923|
|Re-measurement
gains/(losses)
benefit pension||on defined||~270,580)||~270,580)|243,237|
|NET INCOME BEFORE TAX||||(85,303)|11,553|(73,750)|338,184|
|Tax|||14|~8,617)||~8.617)|2,421|
|NET INCOME FOR THE FINANCIAL YEAR||||(93,920)|11,553|(82,367)|340,605|
|Transfers
between|funds||22|11,553|~11,553|||
|Net movement
in funds||||(82,367)||(82,367)|340,605|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||855,327||855,327|514,722|
|TOTAL FUNDS CARRIED FORWARD||||772,960||772.960|855,327|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||F|F|
|FIXEDASSETS||||||
|Intangible assets|16|5,094||5,094|7,642|
|Tangible assets|17|81,754||81,754|29,745|
|||86,848||86,848|37,387|
|CURRENT ASSETS||||||
|Stocks||15,904||15,904|22,329|
|Debtors|18|46,351||46,351|80,351|
|Cash at bank and in hand||1,284,308|10,000|1,294,308|1,064,680|
|||1,346,563||1,356,563|1,167,360|
|CREDITORS||||||
|Amounts
falling due within one year|19|(227,135)|(10,000)|(237,135)|(157,721)|
|NET CURRENT ASSETS||1,119,428||1,119,428|1,009,639|
|TOTAL ASSETS LESSCURRENT LIABILITIES||1,206,276||1,206,276|1,047,026|
|PROVISIONS FOR LIABILITIES|21|(433,316)||(433,316)|(191,699)|
|NET ASSETS||772,960||772 960|855,327|
|FUNDS|22|||||
|Unrestricted
funds||||772,960|855,327|
|Restricted funds||||||
|TOTAL FUNDS||||772,980|855,327|
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds
F|funds
f|funds
f|funds
E|
|FIXEDASSETS|||||||
|Tangible assets||17|26,163||26,163|21,579|
|CURRENT ASSETS|||||||
|Debtors||18|26,730||26,730|69,704|
|Cash at bank and|in hand||t 250,652|10,000|1,260,652|974,081|
||||1,277,382||1,287,382|1,043,785|
|CREDITORS|||||||
|Amounts
falling due within one year||19|(247,208)|(10,000)|(257,208)|(55,568)|
|NET CURRENT ASSETS|||1,030,174||1,030,174|988,217|
|TOTAL ASSETS|LESSCURRENT LIABILITIES||1,056,337||1,056,337|1,009,796|
|PROVISIONS FOR LIABILITIES||21|(423,000)||(423,000)|(190,000)|
|NET ASSETS|||633,337|-|633,337|819,796|
|FUNDS|||||||
|Unrestricted
funds|||||633,337|819,796|
|Restricted
funds|||||||
|TOTAL FUNDS|||||633,337|Bt9,796|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Notes|f||
|Cash flows from operating||activities:||||||
|Cash generated
from|operations|||||302,521|516,328|
|Tax||||||||
|Net cash provided
by (used in) operating||||||||
|activities||||||302,521|516,328|
|Cash flows from investing||activities:||||||
|Purchase oftangible|fixed assets|||||(73,201)|(11,664)|
|Sale oftangible
fixed|assets||||||3,750|
|Interest received||||||308|1,457|
|Net cash provided
by {used in) investing
activities||||||~72,893)|~6.467)|
|Change
in cash and|cash|equivalents|in the|||||
|reporting
period||||||229,628|509,871|
|Cash and cash equivalents||at the beginning||of||||
|the reporting
period||||||1,064,680|554,809|
|Cash and cash equivalents||at the end|ofthe|||||
|reporting
period||||||1,294,308|1,064,680|
##
||RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM OPERATING|OF NET INCOME TO NET CASH FLOW FROM OPERATING|OF NET INCOME TO NET CASH FLOW FROM OPERATING|OF NET INCOME TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||f||
||Net income for the||reporting|period (as per the statement offinancial|||||
||activities)||||||(73,750)|338,184|
||Adjustments
for:||||||||
||Depreciation
charges||||||23,740|24,150|
||Profit on disposal|||||||(3,750)|
||Re-measurement|gains/(losses)|||on defined|benefit pension|270,580|(243,237)|
||Interest received||||||(308)|(1,457)|
||(Increase)/decrease||in stock||||6,425|(4,369)|
||(Increase)/decrease||in debtors||||34,000|450,400|
||Increase/(Decrease)||in creditors||||41,834|~43,593)|
||Net cash provided||by (used in)||operating|activities|302,521|516,328|
|2.|ANALYSIS OF CHANGES
IN|||NET FUNDS|||||
|||||||At 1/4/20|Cash Row
f|At 31/3/21
f|
||Net cash||||||||
||Cash at bank and|in|hand|||1,064,680|229,628|1,294,308|
||Total|||||1,064,680|229 628|1,294,308|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|INVESTMENT INCOME||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020
f|
|Deposit account interest||||||308|1,457|
|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||||2021|2020|
|Grants||||||1,673,345|1,549,188|
|Client contributions
to work||||||720|4,773|
|Benevolent
funding||||||1,500|1,690|
|Charitable
trading
income||||||||
|from Care 8 Repair Solutions||||||537,245|577,873|
|||||||2,212,810|2,133,524|
|Grants received,
included
in|the above,|||are as follows:||||
|||||||2021|2020|
||||||||F|
|Welsh Government
- RRAP|Revenue||Grant|||39,600|39,600|
|Welsh Government
- RRAP Capital||Grant||||166,500|166,500|
|Welsh Government
-Winter|Pressure|||||5,000|29,621|
|City 8 County of Swansea
Housing||Department||||82,651|120,325|
|Swansea Bay University
Health Board|||(Core)|||18,386|18,934|
|Integrated
Care Fund (ICF)||||||775,000|615,000|
|Integrated
Care Fund (ICF) —Primary|||Care Caseworkers||and Technical|52,625|53,288|
|project||||||||
|Health
Board —Winter Pressures|||||||48,500|
|City & County of Swansea Social Services|||||||6,043|
|Neath Port Talbot Social Services||||||69,833|73,290|
|City 8 County of Swansea - ENABLE||||||301,647|303,600|
|Care and Repair Cymru||||||91,968|66,112|
|WDP Affordable
Warmth||||||7,500|8,375|
|Calon Y Cymoedd||||||13,205||
|Wales Council for Voluntary|Action|||||17,577||
|Citizens Advice Bureau||||||6,000||
|Neath Port Talbot Council for Voluntary||||Services||8,549||
|Swansea
Council for Voluntary
Services||||||7,096||
|COVID Job Retention
Scheme Grant||||||10,208||
|||||||1,673,345|1,549,188|
##
##
##
##
|OTHER INCOME||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||E|
|Other income||||||144|42|
|RESULTS OF PARENT CHARITABLE COMPANY||||||||
|The income ofthe|parent charitable|company was||E2,093,527 and net loss was||f186,459.||
|CHARITABLE ACTIVITIES COSTS||||||||
||||||Direct costs|Support costs|Totals|
||||||(See note 9)
F|(See note 10)
f||
|Care 8 Repair|||||2,198,882|212,539|2,411,421|
|DIRECT COSTS OF CHARITABLE||ACTIVITIES||||||
|||||||2021|2020|
|||||||f||
|Staff costs||||||1,039,268|970,126|
|Direct purchasing|and contractor costs|||||882,629|932,832|
|Other direct costs||||||83,751|95,253|
|Staff training
costs||||||6,849|8,409|
|Travel and subsistence||||||10,032|11,034|
|Motor expenses||||||274|1,098|
|Rent, rates and other premises costs||||||73,590|70,126|
|Insurance||||||10,264|12,243|
|Light and heat||||||6,015|4,587|
|Cleaning costs||||||3,798|4,964|
|Telephone costs||||||20,436|17,699|
|Printing,
postage and stationery
Repairs and maintenance||||||12,034
2,511|13,649
3,454|
|Sundry expenses||||||5,040|525|
|Computer costs||||||19,987|12,437|
|Recruitment
costs||||||1,010|347|
|Donations|||||||5,000|
|Staff management|costs|||||1,908|1,234|
|Depreciation||||||19,486|20,463|
|||||||2,198,882|2,185480|
|SUPPORT COSTS||||||||
|||||||Governance||
|||Salaries|Depreciation/||Other|costs|Totals|
||||Amortisation|||||
|Care and repair||116,659||4,254|85,838|25,788|212,539|
##
##
##
##
##
##
##
|STAFF COSTS|||
|---|---|---|
||2021|2020|
||F||
|Wages and salaries|1,051,010|1,004,617|
|Social security costs|88,909|80,394|
|Other pension costs|28,546|26,752|
||1 166,465|1 111 763|
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
||||||E|F|
|INCOME AND ENDOWNIENTS|||FROM||||
|Donations
and legacies||||398,847||398,847|
|Charitable
activities|||||||
|Care & Repair||||831,172|1,302,352|2,133,524|
|Investment
income||||1,457||1,457|
|Other income||||42||42|
|Total||||1,231,518|1,302,352|2,533,870|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Care 8 Repair||||1,136,571|1,362352|2,438,923|
|Total||||1,136,571|1,302,352|2,438,923|
|Re-measurement
gains/(losses)|||on defined||||
|benefit pension||||243,237||243,237|
|NET INCOME BEFORE TAX||||338,184||338,184|
|Tax||||2,421||2,421|
|NET INCOME FOR|THE FINANCIAL YEAR|||340,605||340,605|
|Transfers
between||funds|||||
|Net movement
in funds||||340,605||340,605|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought||forward||514,722||514,722|
|TOTAL FUNDS CARRIED FORWARD||||555,327||855,327|
|INTANGIBLE FIXEDASSETS|||—Group|||Other|
|||||||intangible|
|||||||assets|
|||||||F|
|COST|||||||
|At 1 April 2020|||||||
|and 31 March 2021||||||10,190|
|AMORTISATION|||||||
|At 1 April 2020||||||2,548|
|Charge for year||||||2,548|
|At 31 March 2021||||||5,096|
|NET BOOK VALUE|||||||
|At 31 March 2021||||||5,094|
|At 31 March 2020||||||7,642|
##
|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
|Group||||||
||Improvements|Fixtures and||Computer||
||to property|fittings|Motor vehicles|equipment|Totals|
|||||8 tools||
|||||f||
|COST||||||
|At 1 April 2020|103,255|14,663|68,056|48,194|234,168|
|Additions||313|58,790|14,098|73,201|
|At 31 March 2021|103,255|14,976|126,846|62,292|307,369|
|DEPRECIATION||||||
|At 1 April 2020|95,497|14,506|65,905|28,515|204,423|
|Charge for year|2,811|69|9,104|9,208|21,192|
|At 31 March 2021|98,308|14,575|75,009|37,723|225,615|
|NET BOOK VALUE||||||
|At 31 March 2021|4,947|401|51,837|24,569|81,754|
|At 31 March 2020|7.758|157|2,151|19,679|29,745|
|Charity||||||
||Improvements|Fixtures and||Computer||
||to property
f|fittings|Motor vehicles|equipment
f|Totals
f|
|COST||||||
|At 1 Apn'I 2020|103,255|14,663|15,499|31,087|164,504|
|Additions||313||14,098|14,411|
|At 31 March 2021|103,255|14,976|15,499|45,185|178,915|
|DEPRECIATION||||||
|At 1 April 2020|95,497|14,506|15,499|17,423|142,925|
|Charge for year|2,811|69||6,947|9,827|
|At 31 March 2021|98,308|14,575|15,499|24,370|152,752|
|NET BOOK VALUE||||||
|At 31 March 2021|4,947|401||20,815|26,163|
|At 31 March 2020|7.758|157||13,664|21,579|
##
##
##
##
|DEBTORS:AMOUNT|S
F|ALLING DUE WITHIN|ONE YEAR||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2021|2020
f|2021
F|2020
F|
|Trade debtors|||12,747|29,797|2,138|4,453|
|Amounts
owed by group undertakings
Prepayments
and accrued income|||33,604|50,554|24,592|43,276
21,975|
||||46.351|80,351|26,730|69,704|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||Group|Group|Charity|Charity|
||||2021
F|2020
F|2021
f|2020
f|
|Trade creditors|||128,106|91,784|87,279|33,032|
|Amounts
owed to group undertakings
Social security and other taxes|||10,408|9,886|127,249
10,408|9,886|
|VAT|||34,523|22,512|||
|Other creditors|||29,217|24,380|7,050|6,741|
|Accruals and deferred|income||34,881|9,159|25,222|5,909|
||||237,135|157,721|257,208|55.568|
|LEASING AGREEMENTS|||||||
|Minimum
lease payments||under non-cancellable|operating
leases fall due as follows:||||
||||||2021|2020|
|Within one year
Between one and five|years||||87,934
51,654|83,639
72,174|
||||||139588|155,813|
|PROVISIONS FOR LIABILITIES|||||||
|Group|||||||
||||Group|Group|Charity|Charity|
||||2021|2020
f|2021
F|2020
f|
|Defined pension scheme provision|||423,000|190,000|423,000|190,000|
|Deferred tax provision|||10,316|1,699|||
||||433.316|191,699|423,000|190,000|
##
##
##
##
##
|||||||||Net movement|Transfers|Transfers|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||At 1/4/20
f|in funds
f|between|funds|At 31/3/21||
|Unrestricted
funds|||||||||||||
|General
fund|||||||641,550|(93,920)|(125,987)||421,643||
|Designated
fund - Tenant||improvement||||fund|7,557||||7,557||
|Designated
fund - Pension||contingency||||fund|130,000||||130,000||
|Designated
fund - Hardship||fund|||||4,220|||5,780|10,000||
|Designated
fund - Accommodation|||||reserve||72,000||131,760||203,760||
||||||||855,327|(93,920)||11,553|772,960||
|Restricted funds|||||||||||||
|ENABLE (Swansea) fund
COVID-19 Funding||||||||(1,953)
13.506|1,953
~13.506)||||
|||||||||11,553|(11,553)||||
|TOTAL FUNDS|||||||855,327|~82,367)|||772,960||
|Net movement
in funds,|included|||in|the|above are as follows:|||||||
||||||||Incoming|Resources|Gains and||Movement|in|
||||||||resources
f|expended
f||losses|funds||
|Unrestricted
funds|||||||||||||
|General
fund|||||||1,092,460|(907,183)|(279,197)||(93,920)||
|Restricted funds|||||||||||||
|Rapid Response Adaptations|||Programme||||166,500|(166,500)|||||
|Essential access|||||||68,000|(68,000)|||||
|ENABLE (Swansea) fund|||||||301,647|(303,600)|||(1,953)||
|Benevolent
funding|||||||1,500|(1,500)|||||
|Home to Hospital
Pilot|||||||5,807|(5,807)|||||
|Winter Pressure
fund|||||||5,000|(5,000)|||||
|Warm Homes fund (ICF)|||||||200,000|(200,000)|||||
|Managing
Better fund (ICF)|||||||175,000|(175,000)|||||
|Care 8 Repair Cymru - Critical|||Prevention||||||||||
|fund|||||||40,671|(40,671)|||||
|WPD - Affordable
Warmth||fund|||||7,500|(7,500)|||||
|Primary Care Project Casework||||and Technical|||||||||
|Project|||||||52,625|(52,625)|||||
|Independent
Living fund|(ICF)||||||200,000|(200,000)|||||
|Primary Care fund (ICF)|||||||200,000|(200,000)|||||
|Care 8 Repair Cymru - Hospital||||to|Home||40,614|(40,614)|||||
|Calon Y Cymoedd|||||||13,205|(13,205)|||||
|COVID-19 Funding|||||||15,645|(2,139)|||13,506||
|WCVA Third Sector Recovery
Pension
Credit Campaign|||Fund||||16,077
6,000|(16,077)
~6,000)|||||
||||||||1,515,791|(1,504,238)|||11,553||
|TOTAL FUNDS|||||||2,608,251|~2,411,421)|~279,197)||~82,367)||
##
##
##
##
||||||||||Net movement|Transfers|Transfers|Transfers|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||At 1/4/19
F|in funds
E|between|funds
f||At 31/3/20||
|Unrestricted
funds|||||||||||||||
|General
fund||||||||298,636|357,914|(15,000)|||641,550||
|Designated
fund|-|Tenant improvement|||||fund|7,557|||||7,557||
|Designated
fund|-|Pension|contingency||||fund|130,000|||||130,000||
|Designated
fund|-|Hardship|fund|||||6,529|(17,309)||15,000||4,220||
|Designated
fund|-|Accommodation||||reserve||72,000|||||72,000||
|TOTAL FUNDS||||||||514.722|340,605||||855,327||
|Net movement
in|funds,
included|||||in the|above are as follows:||||||||
|||||||||Incoming|Resources|Other|gains||Movement|in|
|||||||||resources|expended|and|losses||funds||
|||||||||||including||tax|||
|Unrestricted
funds|||||||||||||||
|General
fund
Designated
fund|-|Hardship|fund|||||1,225,820
5,698|(1,113,564)
~23,D07)|245,658|||357,914
~17,309)||
|||||||||1,231,518|(1,136,571)|245,658|||340,605||
|Restricted funds|||||||||||||||
|Rapid Response|Adaptations|||Programme||||166,500|(166,500)||||||
|Essential access|and small||minor|||works|fund|68,000|(68,000)||||||
|ENABLE (Swansea) fund||||||||303,600|(303,600)||||||
|Benevolent
funding||||||||1,690|(1,690)||||||
|Home to Hospital||Pilot||||||38,475|(38,475)||||||
|Winter Pressure|fund|||||||48,500|(48,500)||||||
|Healthy
Home fund||||||||100,000|(100,000)||||||
|Warm Homes fund||||||||100,000|(100,000)||||||
|Managing
Better|fund|||||||60,000|(60,000)||||||
|Care 8 Repair Cymru - Critical||||Prevention|||||||||||
|fund||||||||24,303|(24,303)||||||
|WPD - Affordable||Warmth|fund|||||8,375|(8,375)||||||
|Winter Pressures||Capital fund||||||29,621|(29,621)||||||
|Primary Care Project Casework|||||and Technical|||53,288|(53,288)||||||
|Project|||||||||||||||
|independent
Living fund||||||||100,000|(100,000)||||||
|Dry Homes fund||||||||100,000|(100,000)||||||
|Primary Care fund||||||||100,000|(100,000)||||||
|||||||||1,302,352|(1,302,352)||||||
|TOTAL FUNDS||||||||2,533,870|~2,438,923)|245,658|||340,605||
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|A summary
ofthe results ofthe subsidiary
is shown|below:|||
|---|---|---|---|
|||2021|2020|
|||F|F|
|TURNOVER||1,183,573|1,169,531|
|Cost ofsales||~957.329)|~995.352)|
|GROSS PROFIT||226,244|174,179|
|Administrative
expenses||~154,136)|~181.003)|
|||72,108|(6,824)|
|Other operating
income||40,679||
|OPERATING PROFIT/(LOSS)||112,787|(6,824)|
|Interest payable
and similar expenses||(78)||
|PROFIT/(LOSS) BEFORE TAXATION||112,709|(6,824)|
|Tax on profit/(loss)||~8.617)|2,421|
|PROFIT/(LOSS) FOR THE FINANCIAL
YEAR||1D4,092|~4.4D3)|
|The aggregate
ofthe assets, liabilities and retained|earnings were:|||
|||2021|2020|
|||E|E|
|Assets||257,115|182,659|
|Liabilities||(117,492)|(147,128)|
|Retained earnings||139,623|35,531|