**REGISTERED COMPANY NUMBER: CE012275 (England and Wales) REGISTERED CHARITY NUMBER: 1174749** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** ## **OPEN AIR CAMPAIGNERS (GB)** Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ **OPEN AIR CAMPAIGNERS (GB)** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 14
Detailed Statement of Financial Activities 15 to 16
**----- End of picture text -----**
**OPEN AIR CAMPAIGNERS (GB)** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The object of the Society (as laid down in its rules) is: 'To advance the Gospel of Jesus Christ by all means but without prejudice to the generality of the foregoing to do so particularly by open air evangelism.' This is more usually summed up by the motto "Presenting Christ by all means everywhere" and provided the impetus for all the work planned by the evangelists during 2020; principally, the organisation of regular gospel presentations in busy public areas, but also in school visits and other opportunities as they arose. Page 1 **OPEN AIR CAMPAIGNERS (GB)** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Chairman's Annual Report for Year Ending 2020 The year 2020 was an unprecedented year due to the Covid 19 Pandemic, resulting in three lockdown situations, at various times, for the majority of the year 2020, extremely disrupting normal social and economic activities in Great Britain, Europe, USA and the world. This prevented the normal activities of OACGB, particularly for the evangelists and associate evangelists. This situation resulted in the evangelists being more innovative in "Presenting Christ by All Means Everywhere"(see below). The year 2020 was our 52nd year and our 3rd year as a Charities Incorporated Organisation (CIO). There are at present 5 Trustees on the Council bringing a broad range of experience and expertise to the table or more accurately to the "zoom" table, due to the lockdowns. Only one meeting in February took place face-to-face. Now the Council has made OAC GB compliant with new government legislation and the change to a CIO, we are now in a position, since last year, to focus more fully on developing a five-year strategic plan. We have made some good progress towards this aim in 2020. All evangelists are now self-employed. Newly retired evangelists continue some work on a voluntary basis. Other volunteers consist of Assistant Evangelists, School Workers and Associates. At this time we have two trainees. When their training is completed this will be followed by a commissioning service for each one, subject to the Covid 19 situation. This gives an opportunity to promote the work of OACGB to many people attending. In addition, there are links with 18 countries in Europe and Africa to encourage and train those who have a heart for evangelism. Moreover, there are many more people participating by supporting and encouraging the above personnel in their outreach work e.g. city-centre teams, branch committees/ support groups and prayer warriors. All the above is subject to the Covid 19 Pandemic. As I write (June '21) vaccination programmes are being rolled out globally. There are two core activities, one of which is open-air gospel presentations using the sketchboard in towns and city centres up and down the UK. The other core activity is presenting the gospel to children in primary and secondary schools, often using the sketchboard, where annually, many thousands of children are reached with the Good News. Other activities, clubs and children missions, church based missions, prisons and ship work in presenting the gospel in various formats e.g. magic, puppets, story-telling. All these activities have been curtailed through most of 2020. However, more and more of the evangelist are producing gospel presentations via the Internet, for example, using YouTube, Facebook, Instagram, Podcasts and Zoom. Plans are being made to give training to evangelists where and when appropriate, in "producing" such presentations. Training 'the saints' is now an integral part of OAC's work. Courses are organized and tailored to local churches on many aspects of evangelism. Moreover, courses are run for colleges and other evangelistic organisations as well as regional courses in Cardiff and London for Streetwise, training people to use the sketchboard for presenting the Gospel. There are also links with other evangelistic enterprises, e.g. London City Mission and K180 concerning mission work. These include the Go Mission for London, West Yorkshire Mission and Brighton Fringe Mission. Again, where possible some of the training work took place using zoom. The mission work only took place outside of the three lockdowns, where and when possible. Page 2 **OPEN AIR CAMPAIGNERS (GB)** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** Conferences are held to inspire, encourage, share, pray, together and exchange ideas and best practice. These included the Prayer Conference (Spring), European Conference (bi-annual) and the Evangelist Conference (Autumn) with a variety of good speakers and good attendance. Finally, there is the International Conference held every four years. Again, these conferences took place where possible on zoom , with no face-to-face possible. I would like to thank very much, everyone involved with the OACGB for their commitment to the work in all the various creative alternative ways that they clearly convey the Gospel Message, particularly during this Pandemic year 2020. I would like to thank especially, the National Director and the General Secretary for all their hard work, in particular with producing the new OAC Evangelist Manual, the Legacy Leaflet and the challenge of raising the profile of OAC, through marketing and the social media. I would like to thank the Training Director on his innovative work in developing toolboxes for training purposes and his recruitment and training work. Finally, I would like to thank the Daily Prayer Note Secretary, DBS coordinator, National Accounts Manager for all their work in helping to make OAC operate effectively and economically. All this work took place again through an unprecedented year, again often by innovative means. Some issues to be considered for the year ahead (2021), as we gradually come out of Covid 19 lockdowns, to attract new money, new people and new partners. a. Continue to raise the profile using social media using Facebook, Twitter, Instagram, YouTube, Zoom. b. Develop a strategy for growth e.g. partnering Local Churches through Internship, linking with Bible Colleges and UCCF with Summer Internship. May we all know the Lord's Will in the coming year and let us give Him thanks for the past 52 years of building up the OAC Ministries, knowing the Lord is at work here in the UK in many different ways. We know that people need to hear the Good News of the Gospel. For from him and through him and to him are all things. To him be glory forever. Amen. (Romans 11:36 ESVi) Graham Worden - OACGB Chairman ## **FINANCIAL REVIEW** ## **Reserves policy** As at 31 December 2020 reserves stood at £324,919 (2019:£299,883) including an endowment fund of £16,487 (2019:£15,496) Most of the Society's reserves are held in working balances within each branch. Endowments and central funds surplus to immediate requirements are managed so as to achieve a good return whilst remaining secure. The Council have a policy of encouraging branches to maintain adequate reserves for their operational needs, but not to maintain excessive reserves. A similar policy is applied at National level. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is Charitable Incorporated Organisation (CIO) Registered Charity Number: 1174749. Page 3 **OPEN AIR CAMPAIGNERS (GB)** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees** New council trustees are recruited by personal invitation, or by being nominated by an OAC (GB) branch, and are usually brought into the Council initially by being co-opted until the next AGM.. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CE012275 (England and Wales) ## **Registered Charity number** 1174749 ## **Registered office** 29 Northfield Drive Truro Cornwall TR1 2BT ## **Trustees** G Worden Rev M J Leader H Leighton Rev R D Bolton P Bishop T Sanders (appointed 9.6.21) ## **Company Secretary** H Holmes ## **Independent Examiner** Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. ............................................. and signed on its behalf by: .......................................................................... Trustee Page 4 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPEN AIR CAMPAIGNERS (GB)** ## **Independent examiner's report to the trustees of OPEN AIR CAMPAIGNERS (GB) ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mark Paxton FCCA Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ Date: ............................................. Page 5 **OPEN AIR CAMPAIGNERS (GB)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |Unrestricted
Endowment
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
99,197
-
Investment income
2
540
-
**Total**
99,737
-
**EXPENDITURE ON**
**Charitable activities**
Advancing the Gospel of Jesus Christ
87,324
-
Other
1,368
-
**Total**
88,692
-
Net gains on investments
-
991
**NET INCOME/(EXPENDITURE)**
11,045
991
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
13,000
-
**Net movement in funds**
24,045
991
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
284,387
15,496
**TOTAL FUNDS CARRIED FORWARD**
308,432
16,487|2020
Total
funds
£
99,197
540
99,737
87,324
1,368
88,692
991
12,036
13,000
25,036
299,883
324,919|2019
Total
funds
£
120,577
608
121,185
138,132
1,824
139,956
2,351
(16,420)
9,000
(7,420)
307,303
299,883| |---|---|---| The notes form part of these financial statements Page 6 **OPEN AIR CAMPAIGNERS (GB)** ## **BALANCE SHEET 31 DECEMBER 2020** |Unrestricted
Endowment
fund
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
4,105
-
Investments
8
-
16,487
4,105
16,487
**CURRENT ASSETS**
Debtors
9
204,981
-
Cash at bank
101,221
-
306,202
-
**CREDITORS**
Amounts falling due within one year
10
(1,875)
-
**NET CURRENT ASSETS**
304,327
-
**TOTAL ASSETS LESS CURRENT LIABILITIES**
308,432
16,487
**NET ASSETS**
308,432
16,487
**FUNDS**
11
Unrestricted funds
Endowment funds
**TOTAL FUNDS**|2020
Total
funds
£
4,105
16,487
20,592
204,981
101,221
306,202
(1,875)
304,327
324,919
324,919
308,432
16,487
324,919|2019
Total
funds
£
5,473
15,496
20,969
190,486
90,077
280,563
(1,649)
278,914
299,883
299,883
284,387
15,496
299,883| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company. The notes form part of these financial statements continued... Page 7 **OPEN AIR CAMPAIGNERS (GB)** **BALANCE SHEET - continued 31 DECEMBER 2020** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 8 **OPEN AIR CAMPAIGNERS (GB) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 9 **OPEN AIR CAMPAIGNERS (GB)** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **2. INVESTMENT INCOME** **----- Start of picture text -----**
|||| |---|---|---| |2020|2019| |£|£| |Deposit account interest|540|608| **----- End of picture text -----**
## **3. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
|||| |---|---|---| |2020|2019| |£|£| |Depreciation - owned assets|1,368|1,824| **----- End of picture text -----**
## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
||||| |---|---|---|---| |Unrestricted|Endowment|Total| |fund|fund|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |-| |Donations and legacies|120,577|120,577| |Investment income|608|-|608| |Total|121,185|-|121,185| |EXPENDITURE ON| |Charitable activities| |-| |Advancing the Gospel of Jesus Christ|138,132|138,132| |Other|1,824|-|1,824| |Total|139,956|-|139,956| |-| |Net gains on investments|2,351|2,351| |NET INCOME/(EXPENDITURE)|(18,771)|2,351|(16,420)| **----- End of picture text -----**
continued... Page 10 **OPEN AIR CAMPAIGNERS (GB)** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Endowment
fund
fund
£
£
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
9,000
-
**Net movement in funds**
(9,771)
2,351
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
294,158
13,145
**TOTAL FUNDS CARRIED FORWARD**
284,387
15,496|Total
funds
£
9,000
(7,420)
307,303
299,883| |---|---| ## **6. CHANGE OF CHARITY STRUCTURE** Open Air Campaigners (GB) (charity number 295432) changed charity structure to that of a CIO with an effective transfer date of 1 January 2018. All assets were transferred to the CIO at that date. A new constitution was drafted and agreed. All charitable activities and objectives that existed in the previous charity, were continued into the CIO structure. ## **7. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**|| |---|---| |**COST**
At 1 January 2020 and 31 December 2020|Plant and
machinery
£
9,729| |**DEPRECIATION**
At 1 January 2020
Charge for year|4,256
1,368| |At 31 December 2020|5,624| |**NET BOOK VALUE**
At 31 December 2020|4,105| |At 31 December 2019|5,473| continued... Page 11 **OPEN AIR CAMPAIGNERS (GB)** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** **----- Start of picture text -----**
8. FIXED ASSET INVESTMENTS
2020 2019
£ £
Other 16,487 15,496
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
2020 2019
£ £
COIF Investment fund 16,487 15,496
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Gift aid reclaimable 5,981 4,486
Other debtors 199,000 186,000
204,981 190,486
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade creditors 1 1
Accrued expenses 1,874 1,648
1,875 1,649
11. MOVEMENT IN FUNDS
Net
movement At
At 1.1.20 in funds 31.12.20
£ £ £
Unrestricted funds
General fund 284,387 24,045 308,432
Endowment funds
Endowment fund 15,496 991 16,487
TOTAL FUNDS 299,883 25,036 324,919
**----- End of picture text -----**
continued... Page 12 **OPEN AIR CAMPAIGNERS (GB)** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Endowment funds**
Endowment fund|Incoming
resources
£
99,737
-|Resources
expended
£
(88,692)
-|Gains and
Movement
losses
in funds
£
£
13,000
24,045
991
991| |---|---|---|---| |**TOTAL FUNDS**|99,737|(88,692)|13,991
25,036| |**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Endowment funds**
Endowment fund||At 1.1.19
£
294,158
13,145|Net
movement
At
in funds
31.12.19
£
£
(9,771)
284,387
2,351
15,496| |**TOTAL FUNDS**||307,303|(7,420)
299,883| |Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
121,185
(139,956)
**Endowment funds**
Endowment fund
-
-|||Gains and
Movement
losses
in funds
£
£
9,000
(9,771)
2,351
2,351| |**TOTAL FUNDS**|121,185|(139,956)|11,351
(7,420)| continued... Page 13 **OPEN AIR CAMPAIGNERS (GB)** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Endowment funds**
Endowment fund
**TOTAL FUNDS**|Net
movement
At 1.1.19
in funds
£
£
294,158
14,274
13,145
3,342
307,303
17,616|At
31.12.20
£
308,432
16,487
324,919| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Endowment funds**
Endowment fund|Incoming
resources
£
220,922
-|Resources
expended
£
(228,648)
-|Gains and
Movement
losses
in funds
£
£
22,000
14,274
3,342
3,342| |---|---|---|---| |**TOTAL FUNDS**|220,922|(228,648)|25,342
17,616| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 14 **OPEN AIR CAMPAIGNERS (GB)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Gift aid
Sales of non-assets
Building fund - Romania
Conference fee income
Misc income
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Insurance
Postage and stationery
Advertising
Sundries
Consultancy fees
General Secretary fees
Motor costs
Purchases for re-sale
Conference & transport GB
Mission UK
Mission overseas
Travel & subsistence
Hospitality
Grants to other OACs
Gifts made
Subscriptions
Training grants
Other grants|2020
£
79,910
10,636
-
5,809
2,455
387
99,197
540
99,737
1,374
2,124
152
91
42,542
3,250
1,522
-
2,591
-
18,081
508
-
6,050
550
295
-
3,461
82,591|2019
£
91,000
16,961
212
5,429
6,787
188
120,577
608
121,185
1,285
1,342
146
432
89,890
2,995
2,231
547
6,929
389
9,075
1,771
206
7,671
2,240
678
3,600
1,844
133,271| |---|---|---| This page does not form part of the statutory financial statements Page 15 **OPEN AIR CAMPAIGNERS (GB)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**Charitable activities**
**Other**
Plant and machinery
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy costs
Charity admin costs
National account manager fees
Total resources expended
**Net income/(expenditure) before gains and**
**losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net income/(expenditure)**|2020
£
1,368
140
1,722
38
2,833
4,593
88,692
11,045
991
12,036|2019
£
1,824
156
1,884
-
2,821
4,705
139,956
(18,771)
2,351
(16,420)| |---|---|---| This page does not form part of the statutory financial statements Page 16