OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-04-04-accounts

REGISTERED COMPANY NUMBER: 12273506 (England and Wales) REGISTERED CHARITY NUMBER: 1189893

Report of the Trustees and Unaudited Financial Statements for the Year Ended 4 April 2024

for The Beehive Children's Foundation (Africa)

The Beehive Children's Foundation (Africa)

Contents of the Financial Statements for the Year Ended 4 April 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13 to 14

The Beehive Children's Foundation

(Africa)

Report of the Trustees for the Year Ended 4 April 2024

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 4 April 2024. 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).

The directors are happy to report another successful year of providing specialist care for our Kenyan young teen girls who become pregnant through sexual abuse. Our work continues to be based in Nakuru, delivered by a well-established team working for our sister Kenyan charity, The Beehive Trust. This last year we recognised our staff's valued contribution via a treat day which they much appreciated and helped deepen loyalty and commitment. Whilst many of our girls are from within Nakuru district, due to our unique approach, we also have referrals to us from other parts of Kenya.

We are greatly encouraged by the results we achieve from our care approach that heals the psychological and emotional trauma of many of our girls, which in turn is reflected in the positive support from our donors and grant makers as shown in our accounts. The directors of the Foundation are Christians and administer the Foundation under a general Christian ethos. However, our volunteers and supporters have a range of faith backgrounds or are of no faith, all sharing a common compassion for the plight of these girls. We offer help to girls regardless of their faith background or tribal connection although the part of Kenya in which we operate is predominately 'nominal Christian'.

OBJECTIVES AND ACTIVITIES Objectives and aims

The Foundation's objects are:-

The relief of poverty, sickness, hardship and distress of child mothers in African countries who have been subject to sexual abuse and, as a result, are either pregnant or have given birth by providing appropriate care and support services, preventative awareness campaigns, public awareness campaigns which have the aim of reducing the number of child mums resulting from sexual abuse and supporting other organisations and/or charities that further the same charitable purpose.

Page 1

The Beehive Children's Foundation

(Africa)

Report of the Trustees for the Year Ended 4 April 2024

OBJECTIVES AND ACTIVITIES

Significant activities

The Foundation's charitable benefit was delivered by funding the following:

a) Accommodation. Sustaining the operation of three rental properties.

b) Food and Living Necessities. The provision of meals, clothing and toiletries, etc and also pocket money and modest trips out.

c) Mental and Emotional Wellbeing. We address the emotional and psychological trauma resulting from the abuse and provide support through any associated criminal proceedings against the abuser. This is provided by the Beehive permanent staff through one-to-one sessions as required. If necessary, a professional counsellor, clinical psychologist or psychiatrist has been engaged.

d) Education. Educational opportunities that match the child's age and ability have been provided through ongoing assessment and considering each child's aspirations. This includes the school fees, books and uniform so that the mums can return to school. Education is not only provided for the child mums but, if they are in the long-term care of The Beehive it also includes their children when they become school age.

e) Vocational Training. Training opportunities have been provided to facilitate entering paid employment, particularly for those less academic children. External vocational training has included enrolment at sewing and baking schools.

f) Life Skills. The development of life skills to enable each mother to lead a self-sufficient adult life as a contributing member of her community has continued to be a key aim that is delivered through practical and emotional support by the Beehive staff. This has helped to develop self-confidence, grow self-worth, improve their English and hence maximise their employment prospects.

g) Child Care. Baby and child care has been provided to enable mothers to attend school and study. Whilst the child mums look after and play with their own children, child care is provided for those too young to start infant school whilst their mums are at school or are doing homework.

h) Natal Care. Pre- and post-natal care, parenting instruction and support has been provided. Any first-time mum needs support, but for these child mums it is crucial for them to learn to look after their children for themselves and to build loving bonds with their baby, especially as their baby is associated with the sexual abuse.

i) General Medical Care. Access has been provided to general medical, dental and eye care. Medical care is funded, not only for pre-natal care and delivery, but also for the ongoing everyday health needs of both mothers and their children. At the start of the year the Trust has cared for a total of 79 mums child mums and 75 babies/children (since the inception of The Beehive). At the year-end it was 21 child mums and 22 babies/children. In the interim year 14 mums have been able to re-join their families or have become adults and are in employment. Of the 14 that have been reintegrated into their families, we support 1 of these children to be in school. 0 have moved into employment, and 2 continue to work as members of staff, where we continue to support one of their daughters in her education.

Over the year there have been 7 births in private hospitals, of which 4 have required caesarean section, often due to their immature petite bodies.

At the start of the year 12 mums were in full-time education and 5 of their children were also in school. At year end 14 mums were in full-time education and 6 of their children were also in school. We also continued to support the ongoing educational costs of 2 of our girls who have left the residential care of The Beehive Trust and 3 children.

Public benefit

Through funding the rental of three residential small properties in Nakuru, Kenya and the associated running costs, the Foundation provides a home for vulnerable girls who, having been sexually abused, subsequently become pregnant, are at risk of further harm and cannot remain in their current home environment. Girls are referred to The Beehive Trust by the District Child Welfare Department and are placed into their legal care by the Courts making them legal guardians. These girls come from areas of deprivation, where there are seldom options for the family to provide care in a safe place for them and their babies.

Apart from providing shelter, food, clothing and keep for our girls and babies/children, we also provide:

Page 2

The Beehive Children's Foundation (Africa)

Report of the Trustees for the Year Ended 4 April 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Beehive Trust continues to rent three properties as our place-of-safety refuges and operations managers' accommodation which is a significant part of our recurring costs. Whilst this has enabled our work to be established and grow, apart from the cost, there are a number of other practical disadvantages and limitations in this method of operation which we are seeking to address. Whilst the Foundation has no employees, at year end, The Beehive Trust employed 12 staff in Kenya, including full time social workers and care assistants and a part time driver and maintenance worker. The Beehive Trust also engaged external professional services such as hospitals, doctors, dentists and clinical psychologists, as required as well as paying for the schooling of our children in the state and "private" system. Our accommodation and social interaction of staff and children facilitates creating a family style environment, which is key to our children's practical and emotional support and development.

Beehive Community Project

We have been progressing our medium-term project of developing a bespoke campus of buildings to form a 'Beehive Community' on the 2.75acres of land we purchased in Njoro, Nakuru, the previous year. The plans submitted for planning permission include six mum-and- child units, each housing six girls and their babies/children and a 'house mum' to supervise them. This expands our capacity to 36 child mums with their offspring. We feel that to increase the capacity beyond this would compromise the effectiveness of being one Beehive family, with the attendant benefits of personal loving care, emotional security and a sense of belonging which are so important in healing the psychological and emotional trauma experienced during their abuse. A communal hall with kitchen will be used for meeting and eating. Staff quarters, administration block and manger's bungalow will enable more efficient use of staff, some of which need to be present 24/7. The Beehive community will give us both better flexibility and financial security by removing our reliance on finding rental properties in the same neighbourhood. It continues to be the Foundation's strategic aim to eventually move to a more self-sufficient funding model for such a community and we see this as an important step towards that goal. Apart from eliminating our rental expenditure, it will insulate us against inflationary price rises by installing a solar energy system, an on-site water borehole and using some of the space for growing vegetables, thus reducing dependence on the Foundation. This will allow us to consider how we could extend our services to another location in Eastern Africa.

Gaining local planning permission and fulfilling the requirements of environment reports has been frustrating due to changing bureaucracies in the various official departments, but eventually we were granted planning permission. This completed the first phase (costing £93,320) of a four-phase plan with an estimated grand total of £760,150. However, we have had to resubmit due to the need to change our perimeter fencing to a security wall due to some theft of the timber fencing. (This planning change has been approved in August 2024). We have been and continue to make grant applications and fundraising appeals for the phase 2 (cost £167,680). We already have the funds to start the security wall and we plan to establish the water borehole, sewerage and solar power infrastructure by April 2025.

FINANCIAL REVIEW

Financial position

We continue to be greatly encouraged by, and grateful for, the generosity of our many donors and personal fundraisers which has made us fiscally viable during the challenges from global inflationary pressures and exchange rate fluctuations. We are very fortunate to be supported by a very faithful and loyal group of donors and supporters, and we have seen a growth in both the number of one-off donations and regular monthly giving which includes a marked improvement in the monthly sponsorships of a child's educational and/or home care. This regular giving provides us better financial stability and enables more positive financial planning.

We also continue to benefit from our digital presence. Our Facebook page provides a valuable form of communication and enables us to launch appeals for one-off needs such as new furniture or costly medical procedures. We have migrated to a 'fee-free' electronic giving platform that makes our appeals more cost efficient. Our web site also continues to be valuable for communicating with new people and to provide an online channel for people to register for our newsletter. It also allows new donors to make one off or regular payments and any gift aid declarations. The ongoing major geo-political events continue to impact western economies, driving up inflation and eroding people's disposable income which has meant losing some donors, but generally this has been offset by a growth in donors and also in the size of some donations. High Kenyan inflation, due to hampered supply of staples from the Ukraine and continued droughts in Africa has increased our operational costs and shows no sign of stabilising. However, our present funding streams have been sufficient to allow an increase in the coming years budget for our recurring-costs to allow for these affects, whilst still meeting our policy for holding a 3-month reserve.

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.

Page 3

The Beehive Children's Foundation

(Africa)

Report of the Trustees for the Year Ended 4 April 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Over the last year, the board of directors have benefitted from the appointment of two new director trustees in March 2023. Annette Tindal and Dorothee Double, both have many years of experience of volunteering within Africa and their new perspectives strengthen our team. For several years Annette has spent time visiting and short term volunteering in our refuge care homes in Nakuru.

The director trustees continue to ensure the prudent operation and governance of the Foundation, reviewing and revising our policies, keeping our safeguarding training and registration up to date, maintaining our awareness of the Charity Commission guidance and attending some of their training seminars for English Charities operating overseas.

Under a formal 'Partnership Agreement' with the trustees of The Beehive Trust, the Foundation funds its recurring operational costs by making grants against a quarterly budget forecast, submitted to the Board. Performance and spend are monitored at monthly board meetings and reviewed quarterly. Capital budget requests continue to be decided against individual grant requests and proof of purchase requested afterwards. Large specific capital projects are also managed on an individual or phased basis and reviewed monthly. The Beehive Trust's independently audited, annual financial report is also reviewed by the Board. The Foundation has the right to inspect the care homes and the Board reviewed a written report from Annette Tindal after her visit. It was this report that recommended the modest staff treat day that was held. The Kenyan Authorities have their own inspections

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

12273506 (England and Wales)

Registered Charity number 1189893

Registered office

50 Princes Street Ipswich Suffolk IP1 1RJ

Trustees

C M Jackson Mrs J Hutt I W G Jenkins Mrs P D Jenkins B F Laws Mrs D Double Mrs A Tindall

Company Secretary

Ms O Ashaolu

Independent Examiner

Sarah Chamberlain FCCA FCA 17 Ashley Rise Tiverton Devon EX16 5PW

Approved by order of the board of trustees on 26[th] September, 2024 and signed on its behalf by:

...................................................................... I W G Jenkins - Trustee

Page 4

Independent Examiner's Report to the Trustees of The Beehive Children's Foundation (Africa)

Independent examiner's report to the trustees of The Beehive Children's Foundation (Africa) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 4 April 2024.

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

  2. 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

  3. 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.

Sarah Chamberlain FCCA FCA 17 Ashley Rise Tiverton Devon EX16 5PW

Date: 22 September 24

Page 5

The Beehive Children's Foundation (Africa)

Statement of Financial Activities for the Year Ended 4 April 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
99,900
5,100
Charitable activities
Grants made
-
-
Other trading activities
2
1,693
-
Investment income
3
1,311
-
Total
102,904
5,100
EXPENDITURE ON
Charitable activities
Grants made
102,937
926
Support costs
7
-
Total
102,944
926
NET INCOME/(EXPENDITURE)
(40)
4,174
RECONCILIATION OF FUNDS
Total funds brought forward
54,611
20,926
TOTAL FUNDS CARRIED FORWARD
54,571
25,100
4.4.24
Total
funds
£
105,000
-
1,693
1,311
108,004
103,863
7
103,870
4,134
75,537
79,671
4.4.23
Total
funds
£
99,866
938
3,098
-
103,902
103,930
150
104,080
(178)
75,715
75,537

The notes form part of these financial statements

Page 6

The Beehive Children's Foundation (Africa)

Balance Sheet 4 April 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
CURRENT ASSETS
Cash at bank
54,577
25,100
CREDITORS
Amounts falling due within one year
6
(6)
-
NET CURRENT ASSETS
54,571
25,100
TOTAL ASSETS LESS CURRENT LIABILITIES
54,571
25,100
NET ASSETS
54,571
25,100
FUNDS
7
Unrestricted funds
Restricted funds
TOTAL FUNDS
4.4.24
Total
funds
£
79,677
(6)
79,671
79,671
79,671
54,571
25,100
79,671
4.4.23
Total
funds
£
75,535
2
75,537
75,537
75,537
54,611
20,926
75,537

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 26[th] September, 2024 and were signed on its behalf by:

............................................. I W G Jenkins - Trustee

The notes form part of these financial statements

Page 7

The Beehive Children's Foundation (Africa)

Notes to the Financial Statements for the Year Ended 4 April 2024

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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
4.4.24 4.4.23
£ £
Craft sales 1,693 3,098
3. INVESTMENT INCOME
4.4.24 4.4.23
£ £
Deposit account interest 1,311 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 4 April 2024 nor for the year ended 4 April 2023.

Trustees' expenses

4.4.24 4.4.23
£ £
Trustees' expenses 5,442 -

Page 8

continued...

The Beehive Children's Foundation (Africa)

Notes to the Financial Statements - continued for the Year Ended 4 April 2024

4. TRUSTEES' REMUNERATION AND BENEFITS - continued

There was a total of £5,441.50 paid to Mr and Mrs Hutt. Mrs Jane Hutt is a trustee and director of the charity. Mr and Mrs Hutt are the operational managers on the ground in Kenya. An amount of £4,513.14 was for a visit to the UK to promote the charity and give talks at all the churches that provide ongoing financial support and includes flights, RAC breakdown cover for a borrowed car and fuel. An amount of £928.36 was for healthcare insurance. These were agreed by all the trustees.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
92,490
Charitable activities
Grants made
938
Other trading activities
3,098
Total
96,526
EXPENDITURE ON
Charitable activities
Grants made
93,322
Support costs
150
Total
93,472
NET INCOME/(EXPENDITURE)
3,054
RECONCILIATION OF FUNDS
Total funds brought forward
51,557
TOTAL FUNDS CARRIED FORWARD
54,611
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Restricted
funds
£
7,376
-
-
7,376
10,608
-
10,608
(3,232)
24,158
20,926
4.4.24
£
6
Total
funds
£
99,866
938
3,098
103,902
103,930
150
104,080
(178)
75,715
75,537
4.4.23
£
(2)

Page 9

continued...

The Beehive Children's Foundation (Africa)

Notes to the Financial Statements - continued for the Year Ended 4 April 2024

7. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Education
Living
Building
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Education
Living
Building
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Education
Living
Medical
Building
TOTAL FUNDS
Net
movement
At
At 5.4.23
in funds
4.4.24
£
£
£
54,611
(40)
54,571
478
(478)
-
448
(448)
-
20,000
5,100
25,100
20,926
4,174
25,100
75,537
4,134
79,671
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
102,904
(102,944)
(40)
-
(478)
(478)
-
(448)
(448)
5,100
-
5,100
5,100
(926)
4,174
108,004
(103,870)
4,134
Net
movement
At
At 5.4.22
in funds
4.4.23
£
£
£
51,557
3,054
54,611
2,120
(1,642)
478
1,830
(1,382)
448
208
(208)
-
20,000
-
20,000
24,158
(3,232)
20,926
75,715
(178)
75,537

Page 10

continued...

The Beehive Children's Foundation (Africa)

Notes to the Financial Statements - continued for the Year Ended 4 April 2024

7. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:


Unrestricted funds
General fund
Restricted funds
Education
Living
Medical
Building
TOTAL FUNDS
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
96,526
(93,472)
3,054
2,658
(4,300)
(1,642)
2,218
(3,600)
(1,382)
-
(208)
(208)
2,500
(2,500)
-
7,376
(10,608)
(3,232)
103,902
(104,080)
(178)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 5.4.22
in funds
£
£
Unrestricted funds
General fund
51,557
3,014
Restricted funds
Education
2,120
(2,120)
Living
1,830
(1,830)
Medical
208
(208)
Building
20,000
5,100
24,158
942
TOTAL FUNDS
75,715
3,956
At
4.4.24
£
54,571
-
-
-
25,100
25,100
79,671

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
Restricted funds
Education
Living
Medical
Building
TOTAL FUNDS
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
199,430
(196,416)
3,014
2,658
(4,778)
(2,120)
2,218
(4,048)
(1,830)
-
(208)
(208)
7,600
(2,500)
5,100
12,476
(11,534)
942
211,906
(207,950)
3,956

Page 11

continued...

The Beehive Children's Foundation (Africa)

Notes to the Financial Statements - continued for the Year Ended 4 April 2024

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 4 April 2024.

Page 12

The Beehive Children's Foundation

(Africa)

Detailed Statement of Financial Activities for the Year Ended 4 April 2024

INCOME AND ENDOWMENTS
Donations and legacies
Monthly giving
Donations
Gift aid
Blessing jars
Charitable grant
Just Giving
Other
Retail schemes
Appeals
Other trading activities
Craft sales
Investment income
Deposit account interest
Charitable activities
Fundraising Event
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' expenses
Accommodation
Awareness
Building projects
Education
Living costs
Medical
Sundries
Transport
Administration
Staff costs
Grants to The Beehive Trust for Land/Truck
Support costs
Management
Advertising
Travel
Finance
IT
Carried forward
4.4.24
£
40,712
31,652
8,279
928
19,732
-
943
1,084
1,670
105,000
1,693
1,311
-
108,004
5,442
27,200
200
-
13,201
23,201
3,000
3,300
5,000
1,400
15,600
-
97,544
107
-
107
297
297
4.4.23
£
37,742
34,427
8,766
555
13,296
2,630
339
2,111
-
99,866
3,098
-
938
103,902
-
18,800
200
2,500
10,533
16,830
5,360
1,200
3,800
2,300
15,600
22,000
99,123
434
2,538
2,972
576
576

This page does not form part of the statutory financial statements

Page 13

The Beehive Children's Foundation (Africa)

Detailed Statement of Financial Activities for the Year Ended 4 April 2024

Finance
Brought forward
Services
Bank charges
Fee on PayPal donations
Total resources expended
Net income/(expenditure)
4.4.24
£
297
5,400
135
387
6,219
103,870
4,134
4.4.23
£
576
772
72
565
1,985
104,080
(178)

This page does not form part of the statutory financial statements

Page 14