Al Mlsbaah Academy (AMA) Report and Accounts Period ended 31st December 2023 Charity number: 1172726
Al M19baah Aud•rtry {AMA) Poriod pndod 31. Opc•fflb*r 2.02J Contents 11 12, -14 Paylof19
Al Misbaah Academy (AMA) Perlod ended 31 December 2023 Reference and Admlnlstratlve detalls th•rny namè Al Mlsbaah Academy (AMA) Registered charity number 1172726 Regstered office address 142 Milton Avenue, London, E6 IBL 645- 647 High Road, Seven Kings, Ilford, IG3 8RG Principal office address Chairperson Mohammed Ibn Sadiq Kothia Mohammed Ibn Sadiq Kothia Dr. Haseeb Valli Imam Suhail Patel Bankers Santander UK PLC 2 Triton Square Regenys Place London NWI 3AN Independent Examlner SK Accountants Old Poplar Library 45 Gillender Street Poplar E14 6RN Pa8e 3 of 19
Al Misbaah Academy (AMA) Period ended 310ecember 2023 Trustees, Report The trustees have pleasure In presentln8 their report and the flnanclal statements for the charity for the period ended 31st December 2023. The trustees have adopted the provlslons of Accountlng and Reportlng by Charlties: Statement of Recommended Practice appllcable to charltles preparlng thelr accounts In accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effective l January 2015). The trustees have considered the Charity Commission's guidance on publlc beneflt, Including the guidance 'public benefit: runnlng a charlty (PB2)'. The Tnistees present their report and the financial statements for the period ended 31st December 2022. The Trustees who served durlng the period and up to the date of this report are set out on page srRucfuRE, GOVERNANCE AND MANAGEMENT Governlng Document Al Misbaah Academy (AMA) is constituted as a charitable trust registered with the Charity Commission in April 2017 under charity number 1172726. It is governed by a Charitable Incorporated Organisatlon last amended in June 2017. Organlsatlonal Strurture The charfty trustees are responslble for the general control and management of the charity. The trustees meet together as a body monthly and are responsible for the overall governance of Al Misbaah Academy and to oversee the management and day to day running of the charity. To organise the governance of the charity, the trustees are In the process of settlng up a number of sub- commlttees to delegate key areas of responslbility. Thls will Include the following: Flnance sub-commlttee Fundralsln8 sub<ommlttee Ladles sub<ommlttee The day404ay management of Al Mlsbaah Academy and admlnlstratlon of the projects are controlled by the thlef Executlve, Muftl Suhall. Page 4 of 19
Al Misbaah Academy (AMA) Period ended 31 December 2023 Recruiknent and Appolntm•nt of Trust••s The existln8 trustees are responslble for the recrultment of new trustees. In selectlng new trustees, we seek to identlfy people who are commltted Indlvlduals, whose vlewg are allgned to the charl$ vision, in addition to bein8 able to offer relevant skllls and experlence. Potentlal trustees are invlted to attend trustees, meetlngs to meet the trustees and have an Informal Intervlew and are glven more details about the charltys alms and actlvltles, and, If all agree, they are then proposedas new trustees at the subsequent trustees, meeting. This process allows due conslderatlon of the person's eligibility, personal competence. specialist knowledge and skllls. Induction and Train1 of New Ttee5 Fol!owift8 appointment, new trustees are Introduced to thelr new role and given copies of the goverriing documenl a copy of the most recent, The Essential Trustee, guldance booklet, and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided includlng the guidance on charlties and public benefit and on the advanrnent of religion for the public benefit. This ensures that new Trustees are aware of the scope of their responsibilities under the Charities Art. Initially, new trustees work with an existing trustee assisting on particular activities and projects run by the charity. After satisfactory feedback from existing trustees, they are given the task of leading a particular activity or project, reporting progress at trustees, meetings. Rtsk Management The trustees have assessed the rlsks the charlty faces and have drawn up a rlsk matrix which identifies the major rlsks by area of activlty, the nature of those risks, the likelihood of the rlsks happenin& and the measures taken to manage them. The trustees revlew the risk matrix regularly at their meetings. The trustees are satlsfied that systems are in place, or arrangements are in hand, to manage the rlsks that have been Identifled. In particular, insurance cover is in place and the flnances of Al Misbaah Academy (AMA) are kept under revlew. Appropriate Crimlnal Records Bureau (CRB/DBS) checks, supported by regularly revlewed pollcies, are made for all those who work with children or other vulnerable groups wfthln the premlses. P•8• S of 19
Al Mlsbaoh Academy (AMA) Pprlod ended 31 Detp.mber 2023 OBJEcllvES AND AcnviTIES Our Alms The objectlves of the charlty are set out In the Charltvs governlng document and are summarfised as follows: To advance educatlon for the beneflt of the poor, underprlvileged and the general public, by means of, but not exduslvely, the provision or the asslstance In the provision of educational activities and facllities for those in the UK. To advance the religlon of Islam, by the means of, but not exclusively, promoting the corrert understsnding of the beliets and practices and provision or assistance in the provision of facilitles for worship and Islamic education for the benefit of the community in the UK, in accordance with the teachings of the Qurfan and Sunnah of the Prophet Muhammad (PBUH) as interpreted by the Ahlus- Sunnah-wal-jama'ah school of thought. To relieve financial hardship, distress and suffering among poor people, virtims of natural and man-made disasters and other people in need, by means of, but not exclusively, fundraising donations for providing- or paying for food, items, equipment, clothin& accommodation and such services and farilitses for the benefit of the said persons. To provide or assist in the provlsion of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstsnces with the object of improving their conditions of life. Pale 6 of 19
Al Mlsbaah Academy (AMAI Period ended 31 Decembpr 2023 Our ObJ•rtlv•s Our objectlves are set to reflect our falth and communlty 81m$. Each year our trustees will revlew our objectlves and artlvltles to ensure they contlnue to reflect our alms. In carrylng out this review, the trustees have consldered the Charlty Commlsslon's general guldance on publlc benefit and in partlcular Its supplementary publlc guldance on the advancement of religlon for the publlc benefft. Artlvltles and Achlevements The charity carrles out a wlde range of activitlés In pursuance of Its charltable aims. The trustees conslder that these activities, summarlsed below, provlde beneflt both to our students who study at Al Mlsbaah Academy and the wider communlty of Redbrldge, London: Chlldren's Supplementary Schools: Al Mlsbaah Academy operates Supplementsry Schools on both the weekdays and weekends, currently catering for approxlmately 700 students. Qurfan Memorfsatlon aass: The memorlsation of the Qurfan Is considered an important element of Teligious education and trainlng. We continue to provide this facility for those studying at Al Misbaah Academy. We are pleased.with this programme which continues to run successfvlly with 28 young students regularly attending this class. We have had a number of graduates from this program. who has then gone ahead to lead prayers at various mosques around the U.K. Some of our graduates have 'now progressed into studying the Islamic Theology programme. m"ryyah (Islamic Scholarshlp) Programme: The Allmiyyah Programme is an undergraduate level programme in Shari ah (Islamic Law) and Islamic Theology. The program Is an in-depth study of subjects such as Tatsir, Ha(fith, Fiqh and the principles of Tafsir, Hath and Fiqh. It also includes an adVand study of dassical Arabic. The aim of the Alimiyyah curriculum is to produce scholars and leaders who are competent in the Islamic sciences such as Tafsir and Ha(fith possessing the professional skills necessary to serve, guide and lead the Muslim community with excellence. In addition to imparting knowledge and skills, the curriculum, and the environment within which it is taught is designed to produce scholars whose scholarship is marked by tradltlon, intelllgence. piety. responsI111ty. and generosity of spirit, ensuring that we are not, simply producing academics and professionals seeklng a career but are producing the selfless spirit that has always been so_ tharacteristic of Islainlc scholarship.. We are pleased to have had our first batch of graduates from this 6-year programme. A beautiful ceremony was organised to celebrate thls amazing athievement, whith was attended by hundreds from the local community and beyond. Many of our graduates have also been recruited In some capacity slnce and are playing vital role In helplng Al Misbaah Academy serve the local and wlder"communlty. Part-Tlme co11r. We operate numerous courses for both male and female adults wlthin the mmunlty tallored to thelr requlrements and needs. Thls year at Al Mlsbaah Academy, we held the followln8 courses: Annuaj Tafdr Pro8ramme: Thls masslvely popular course ran throu8hout the month of Ramadan at our slte In Sev¢n Kln8s, peakln8 at over 120 females In attendance. Thls Is an Increase of fifty from the prevlous year. Page 7 of 19.
Al Misbaah Academy (AMA Period ended 31 Detprnbpr 2023 Ramadan Youth Pro8rammes: These programs ran on the weekends throughout the month of Ramadan dlscussin8 contemporary and relevant toplcs for the youth. Youth Enrfchment Pro8rammé: Thls year was our slxth year of thls hlghly successful and beneficlal programme aimed at teenager5', Studylng STrah, Ha1th, Islamic Jurisprudence and Contemporary Issues. The alm of the course Is to provlde our youth wlth the tools to navigate the modern worfd In a sound, balanced and hollstlc way, as encouraged by Islam. Our core aims are twelve; Developing a Ilfe-lon8 zeal for learning, Instilling the love of Islamic environments, buildlng leadership qualities, fosterlng prophetic charactéristics, provlding a positive learning experience, facilitatlng crltlcal thinklng, opening doors to healthy friendships, inspiring love of Allah, the Qurfan and the Sunnah, strengthening Iman (faith) and God- consciousness, transforrning self-confldence, unlocking creativity and imagination and empowerlng application of sound and rellable knowledge. Communlty Events: We regularly organlse events and activities for the community to provide opportunlties for cohesiori, tackling Issues of importance and strengthening ties within the local community. Recreational ActIvlti. We regularly arrange trips for our students and the general community to venues such as; Chessington World of Adventures, Paintball Mayhem, Flip4)ut Trampoline Park, Laser Ta& etc. Al Mlsbaah Youth Centre (AMYC): After many years working on numerous youth-related projects, we decided to embark on scaling up this projert and our efforts in the form of a designated centre for the youth. We were able to acquire a 2400ft site on lease and the primary focus throughout the year 2023 was to raise funds to complete the renovation and purchase all necessary equipment. We aim to open our doors to the community in the ' summer of 2024. Heaven at Your Doorstep: We once again were successful In organising our annual family event held at Mayfair Banqueting Suite In Chadwell Heath which was attended by over 600 people. We were able to host world-renowned guests. The purpose of this event was to create awareness regardlng AMYC and to ratse funds towards it. Use of Volunteers Voluntsers are an Important resource in both our falth and communlty work. They add great value to theworkthat Al Mlsbaah Academy do and asslst us In achlevlng our mlsslon and objective& Volunteers are Involved In the events that we organlse and we have a small team of volunteers who re8ularty give thelr tlme to our cause. Our trustees also glve thelr tlme freely when requlred. We encourage members of the communlty to share thelr skllls wlth others by Involvln8 themselves In our artIltieS. All volunteers workln8 wlth projects Involvlng chlldren or other vulnerable groups are DBS checked. Pa8e 8 of 19
Al Mlsbaah Academy (AMA) Period ended 310ecember 2023 Al Misbaah Academy plans for growth wlthln our Indlvldual actfvltles, to Improve the work that we do, encourage more involvement from the community in our inlssion and benefittiry a larger number of Within our supplntary Sthools, we aim to Introduce more chararter developmefrt and enr"KIKnerrt opportunities for our children by organlsing campaign weeks, within which they focus M fr£y tharacteristics we would lTri e for them to develop and/or natlonal and international campaigns. These can also provide an OPFX)rtunity for community cohesion work for our teathers, thIren and their families. We also intend to organise more community activities for the purposes of rneeti the growing need for 4)iritual develoFxnent, providing opportunities for cohesion between Muslims of our c(Xixnlty. our profile and increasing our reach. We alm to organise a large-scale family &inner for the community with a ¥kafic theme and invite well-known guests to attrart a larger audience and allow our community to benefft from them. We also aim to provide more free courses and lectures for the c£Xnmlty. especially during the holy month of Ramadan, both specifically for adults and yvuth. Shoukl the need for this prove to be popular, we plan to continue these thereafter and attract a wi au(rIen to benefit from our activities. PriKlpal Sources of fvnding The tharitrfs main source of income are madrasah fees, in the current period the incoming resources for the period amounted to £601,056. The continued generous donatlons provided by the users and supporters of the charity received in the current period amounted to £6,949. Al Misbaah Academy Is deeply grateful for the ongolng SUPPOrt and looks forward to your contlnued support In the future. The trustees have revlewed the reserves of the tharlty. The alm Is to hold enough cash unrestrlcted f wittAn the reserves to cover six months of operatlonal expenses. Currenty the charfty holds enough reserves to cover three months of operatlonal expenses. The cwrert free reserves of the charlty are £166,841. Pl•M fw th• firturn: Currentty th• general unrestrlcted funds are below the target of 6 months, the thaftty alms to Incfea5e the level of cash reserves fund5 to meet thls target. The Charlty ha$ no kn84•m) Investments. Ovr cash d¢poslts retalmd ar• wfth major UK retall banks. P•8• 9 0119
Al Misbaah Academy (AMA) Period ended 31 December 2023 Statement of Trustees, Responslbllltles The Trustees are responslble for preparfng the Trustees, Annual Report and the financial statements in accordance with appllcable law and Unlted Klngdom Accountlng Standards (Unlted Kingdom Generally Accepted Accountlng Practice). Law applicable to charities In England and Wales requlres the trustees to prepare flnancial statements for each financfal year, whlch glve a true and falr vlew of Charity and of the incomlng resources and application of resources of the Charlty for that year. In preparing these flnanclal statements the Trustees are requlred to: selert suitable accounting policles and then apply them conslstently. observe the methods and princlples In the Charities SORP. make Judgments and estimates that are reasonable and prudent. state whether applicable UK Accounting Stsndards have been followed, subjert to any materlal departures dlsclosed and explained in the financial statements; and prepare the financlal statements on the golng concern basis unless it is inappropriate to presume that the charity wlll continue in operation. The trustees are responsible for keeplng proper accounting records which disclose with reasonable accuracy at any time the financial posltion of the charlty and enable them to ensure that the financial statements comply wlth the Charities Act 1993 and the Charity (Accounts and Reports) Regulations They are also responsible for safeguardlng the assets of the charity and hence for taking reasonable steps for the preventlon and detectlon of fraud and other. Approved by our Board of Trustees on Sl8ned on its behalf. Trustee Pa8e 10 of 19
Al M15baah Acddemv IAMA) Perlod efided 31 Dvcember 2023 Independent Examiner's Report To the trustees of Al Mlsbaah Academy I report on the accounts of the above charlty for the perlod ended 31 December 2023, which are set out on pages 13 to 19. Respertive responslbilitles of trustees and examlner The charitvs trustees are responslble for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the ACV,). The Charivs trustees conslder that an audit Is not requlred for this perlod under section 144 of the ,,Art and that an Independent examinatlon Is needed. It is rny responslblll.ty to: , examlne the accounts under section 145 of the Charities Act, to follow applicable Directlons given by the Charity Commission (under section 145(5)(b) of the Act, and To state whether particular matters have come to my attentlon. Basis of Independent examlnerfs statement. My examlnatlon was carried out In accordance wlth general Dlrectlons glven by the Charity Commission. An examlnatlon includes a review of the accounting records kept by the charity and a comparlson of the accounts presented wlth those records. It also Includes conslderatlon of any unusual items or dlsclosures in the accounts, and seeklng explanatlons from the trustees concerning any such matters. The procedures undertaken do not provlde all the evldence that would be required In an audit and consequently no oplnlon Is glven as to whether the accounts present a 'true and fairf vlew and ti)e report Is Ilmlted to those matters set out In the statement below. Independent examlner's ststement In connectlon wlth my examlnatlon, no materlal matters have come to my attentlon whlch 8lves me cause to belleve that In, any materlal respect: accountlng records were not kept In accordance wlth sectlon 130 of the Charltles Act or the aOunts do not accord wlth the accountlng records I have no onarns and hav• come across no other matters In connectlon wlth the examlnatlon to whth •ttgnUon Should b• drawn In order to enabla a proper understandln8 of the accounts to be r•Jd)•d. Addr•H: W Poplar Ubraryi 45 Glll•nd•r St, Poplir, E14 6RN Pa8e 110119
Al Misbaah Academy (AMA) Period ended 310ecember 2023 Statement of Financial Activities Period Ended 31 December 2023 Unrestrlcted Restrfrted funds funds 2023 Total funds 2022 Total funds Notes Incomlng resources Donations and legacies Charitable activities 6,949 601,056 6,949 601,056 6,954 470,473 Totsl Incoming resources 608,005 608,005 477.427 Resources expended Charitable artivities (555,006) (555,006) (466,317) Totsl Resources expended (555,006) (555.006) (466,317) Net Income/(expenditure) 52,999 52,999 11,110 Net movement In fvnds 52,999 52,999 11,110 Recona'liats"on offvnds: Total funds brought forward Total funds carrfed forward 102.732 113,842 113,842 166,841 166.841 113,842 Pa8¢ 12 of 19
Al Misbaah Academy (AMA) Period ended 310ecember 2023 Balance Sheet As at 31 December 2023 Unrestrlcted Restrkted funds 2023 Total funds 2022 Totsl funds Notes Debtors Cash at bank and in hand 161,389 161389 143516 Total current assets Creditors: amounts falllng due wfthln one year 191389 I389 143,516 (24,548) (24y8) (29.674) Net cu'rrent assets/(Ilabllftles) 166WI 166A41 113.842 Total assets less current Ilabllitles I6641 166A41 113,842 Credltors: amounts falllng due after one year Total net assets or Ilabllities I6641 166A41 113.842 Funds of the Charfty Restrlcted Funds Unrestrlcted Funds Total Funds 10 113.842 166,841 166,841 166WI 166.841 113,842 The financlal ststements were approved and authorlsed for Issue by the Board and signed on its behalf MohJmm¢d Ibn Sadlq Kothla Chalrperson, Board of Trustees Pa8e 13 of 19
Al Misbaah Academy (AMA) Perlod ended 31 December 2023 ststement of Cash Flows 2023 2022 Cash flows from operatlng activltles: Net movement in funds (Increase)/Decrease of debtors Increasel(Decrease) of creditors 52,999 (30,000) (5,126) 11,110 2,683 5,517 Net cash flow of operatlng artivlties I773 19,310 Change In cash and cash equivalents In the year I773 19,310 124,206 Cash and Cash equivalents brought forward 143,516 Total cash and cash equlvalents at the end of the year 161,389 143.516 Page 14 of 19
Al Misbaah Academy (AMA) Period ended 310ecember ?0?3 Notes to the Accounts l. Accountlng Pollcles The prlnclpal accounting policies adopted, Judgements and key sources of estimation uncertainty in the preparation of the financlal statements are as follows: Basls of preparatlon (FRS102) The financial statements have been prepared in accordance with Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Art 2011. Al Misbaah Academy meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transartion value unless otherwise ststed in the relevant accounting policy note(s). Income Income is recognlsed when the charity has entitlement to the funds, any perfomiance conditions attached to the item(s) of income have been met, it is probable that the Income will be receNed, and the amount can be measured reliably. Income whether 'capltal' grants or 'revenue' grants, Is recognised when the charity has entitlement to the fiinds, any performance conditions attached to the grants have been met, it is probable that the income wlll be recelved, and the amount can be measured reliably and is not deferred: Income recelved In advance of a project or provlslon of other specified service is deferred until the criterla for Income recognltion are met. Donated servlces and facilltles Donated professlonal servlces and donated facilities are recognised as Income when the charity has control over the Item, any condltlons assoclated wlth the donated Item have been met. the receipt of economlc beneflt from the use by the charlty of the Item Is probable and that economlc benefit can be measured rellably. On recelpL donated professlonal servlces and donated facllltles are recognlsed based on the value of the to the charlty whlch Is the amount the charlty would have been wlllln8 to pay to obtsln servlces or fadlltles of equlvalent economlc beneflt on the open market. Pa8• 15 of 19
Al Misbaah Academy IAMA) Period ended 31 December 2023 Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated fvnds are unrestricted funds of the tharity whith the Trustees have declded to set aside to use for a specific purpose. Restricted funds are donations which the donor has speclfied are to be solety used for areas of the tharit(s work or for spedfic projects belng undertaken by the tharity. Expenditure Expenditure is recognised once there Is a legal or constructive obllgation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake tharftable activlties. Support costs include back-office costs, finance. personnel, payroll and governance costs which support the charl5 artistic programmes and activities. Support costs have been allocated in proportion to expenditure incurred in undertaking an activity. Tanglble fixed assets InOMdual fixed assets costing £5LX) or more are capitslised at cost and are depreciated over their estimated useful economic INes on a reduang balance basis as follows: Annual rate Fwes, Ffftings and Electrical equlpment Debtors Trade and other debtors are recognised at the settlement amount due after ary trade discount offered. Prepayments are valued at the amount prepald net of ary trade discounts due. Cash at bank and In hand Cash at bank and cash in hand indudes cash and amounts in deposit accounts. Credltors and provlslons Creditors and provlslons are recognlsed where the charlty has a present obllgatlon resuftln8 from a past event that wfll probably result In the transfer of funds to a thlrd party and the amount due to settle the obll8atlon can be measured or estlmated rellably. Credltors and provlslons are normally recoed at thelr settlement amount after allowln8 for any trade dlscounts due. Page 16 of 19
Al Misbaah Academy (AMA) Period ended 31 Decem.ber 2023 2. Analysls of Incomlng Resources Unrnstrl¢t•d funds Restrfcted funds 2023 2022 Total Total funds Donations and legacies Charitable activieS Total 6,949 601,056 608,005 6,949 601,056 6.954 470,473 477,427 3. Analysis of Resources expended Staff costs Other costs Support , costs 2023 Totsl 2022 Totsl Charltable actlvltles Activibes undertaken directly: 397,685 157,321 555,(K16 466.317 Total 397,685 157,321 555,006 466.317 4. Analysls of stsff costs, Charity remuneration and expenses, and key management personnel. 2023 2022 Salafles and Staff Wages 397,685 367,949 Total 397,685 367,949 No ¢mpJoyees had employee beneflts more than £60,000 Pa8• 17 of 19
Al Misbaah Academy (AMA) Period ended 31 December 2023 5. Staff Numbers The average monthly head count was 25 staff and the avèrage monthly number of full-time equfjvalent employees (Including casual and part-tlme staff) durlng the perlod were as follows: - 2023 2022 Charitable Activities 19 19 19 19 6. Related Party Transactlons and trustees, remuneratlon Imam Suhall Patel is a trustee of the charity as well the CEO. As such he is remunerated for his dutles as Chlef Executive Officer and not for his work as a trustee. No other trustees have been remunerated for their services to the charity or any expenses which they may have incurred to carry out their dutles as a trustee. ~7. Corporation Taxatlon The charity is exempt from corporation tax on its income and gains to the extent that these are applied to its charltable objectives. 8. Cash at Bank and in Hand 2023 2022 Cash at Bank Cash In Hand 137,888 23,501 140,243 3,273 Totsi 161,389 143.516 Pa80 18 of 19
Al Misbaah Academy (AMAI Period pftA•tl 31 December 2023 9. Creditors: amounts falling due withln one year 2023 2022 Net Wages Social Security Taxes 19,242 5,306 26,625 3,049 Total 24,548 29,674 10. Charity Funds 2023 Balance C/F 2022 Balance B/F Income Expenditure Transfers Fund names Restricted Unrestricted 113,842 608,005 (555,006) 166,841 Total Funds 113,842 608,005 (555.006) 166,841 2021 Balance B/F 2022 Balance CIF Income Expenditure Transfers Fund names Restricted Unrestrlrted 102,732 477,427 (466,317) 113,842 Total Funds 102,732 477,427 466,317 113.842 Page 19 of 19