2022-12-31-accounts - Oxford Climate Alumni Network

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

Trustees’ Annual Report for the period

From: 8 November 2021 To: 31 December 2022

Charity name: Oxford Climate Alumni Network CIO

Charity registration number: 1196449

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	● To advance the education of the public worldwide in the subject of climate change and environmental issues, building on the research, knowledge and network of Oxford University and their Alumni. ● To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment by promoting awareness of climate change and biological diversity loss, and both promoting and collaborating on solutions to these problems.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	● hosting online and in-person events ● providing an online Slack network for members ● publishing blog posts and articles on behalf of members ● networking and connections to help members and public work together ● working groups to bring people together to work on climate action projects.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Contribution made by volunteers	Para 1.38	Our charity is entirely run and managed by volunteers. As well as the three Trustees, a management committee of between 8 and 10 people coordinated the different activities of the organisation.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	In our first year as a charity, our membership reached 1220, a 12% increase from 1090 when we incorporated in 2021. 383 of our members chose to join the Slack networking platform, helping them to share ideas and collaborate. We held 18 events including 5 members-only networking events (OxCAN Connect and tours) and public events on sustainable food systems and food chains, soil health, textiles, gardening, housing transition, communities, energy transition, climate and the arts, building design, cosmetics and beauty. Sustainable food and farming working group - We have just come to the end of our 'Food Chains Study Tour'. 94 members and guests have actively engaged in this tour and we have had interest from approximately 35 others on an ad hoc basis. The tour began with a visit to FarmED in May 2022 to look at Regenerative Agriculture. We have visited small farms and artisan producers, spoken to a number of Oxford Colleges and food charities including Glywood in the Hudson Valley USA. We have visited the Knepp Estate in Sussex to look at rewilding and pasture fed farming and seen farming on a large scale at James Dyson's Berkshire farm. We have been part of the Soil Association's My Food Community Programme.

Additional information


		We have been pleased with the
		educational element of our work in our
Achievements against	Para 1.41	first year, with consistent feedback from
objectives set		members and public event attendees that
		there is still a strong need for climate
		knowledge from trusted sources.
		Our climate action work has taken longer
		to get going, but we have seen great
		success with the food and farming
		working group.
		We had good success with initial
		fundraising before the charity was
Performance of fundraising		incorporated, so, whilst we now need to
activities against objectives	Para 1.41	plan our fundraising more carefully,
set		through this period we had sufficient
		funds to carry out our work.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	We completed the period with a bank balance of £2,872 and no liabilities.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Finance policy has been written confirming that we will hold £1000 in reserve as a minimum, which covers our basic operating costs for a year.
Amount of reserves held	Para 1.22	We ended the year with unrestricted funds of £2,872, which includes our £1,000 reserve.
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	n/a
Additional information
The charity’s principal sources of funds (including any fundraising)	Para 1.47	All funding to date has been raised by members.
A description of the principal risks facing the charity	Para 1.46	1. Staffing: as we are entirely depending on volunteers, we are seeking to employ a project coordinator. 2. Funding: we need to continue seeking necessary funds to allow us to employ a coordinator to bring stability to the charity. 3. Engagement: we have seen engagement fall off since an initial peak during the pandemic, and want to ensure that we are providing both a dynamic network and a valuable public resource to help maximise our impact on climate action.

Structure, Governance and Management

Description of charity’s trusts:		We are a Charitable Incorporated Organisation
Type of governing document (trust deed, royal charter)	Para 1.25	CIO Constitution, association model
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The founding Trustees were approved by the membership at our first AGM in February 2022. Our constitution requires at least one Trustee to resign at each AGM, to be re-elected by the membership.

Reference and Administrative details

Charity name	Oxford Climate Alumni Network CIO
Other name the charity uses	n/a
Registered charity number	1196449
Charity’s principal address	63 Harpes Road Oxford OX2 7QJ

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
1	Michal Fonea Alexandron	Chair	Whole Year	Membership at AGM
2	Amir Sokolowski		Whole Year	Membershipat AGM
3	Ben Tuppen		Whole Year	Membershipat AGM

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees


Michal Fonea Alexandron	Amir Sokolowski	Ben Tuppen
Chair	Trustee	Trustee
29 August 2023	29 August 2023	29 August 2023

Charity Name Oxford Climate Alumni Network	Charity Name Oxford Climate Alumni Network	Charity Name Oxford Climate Alumni Network	Charity No (if any)	1196449
Annual accounts for the period
Period start date	08-Nov-21	To	Period end date	31-Dec-22

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
3,991	-	-	3,991	-
-	-	-	-	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
3,991	-	-	3,991	-

-	-	-	-	-
1,119	-	-	1,119	-
-	-	-	-	-
-	-	-	-	-
1,119	-	-	1,119	-

2,872	-	-	2,872	-
-	-	-	-	-
2,872	-	-	2,872	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
2,872	-	-	2,872	-

-	-	-	-	-
2,872	-	-	2,872	-

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
2,871	-	-	2,871	-
2,871	-	-	2,871	-

-	-	-	-	-

2,871	-	-	2,871	-

2,871	-	-	2,871	-

-	-	-	-	-
-	-	-	-	-

2,871	-	-	2,871	-

-			-	-
	-	-	-	-
2,871			2,871	-
			-
2,871	-	-	2,871	-

Signature		Print Name		Date of approval dd/mm/yyyy
		BEN TUPPEN		28/7/2023

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with ü their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS • and with ü 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

Yes

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

Not applicable

Not applicable

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	ü	* -Tick as appropriate

Please disclose:

*Please disclose:*
*(i) the nature of the change in accounting policy;*	*Not applicable*
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information; and*	*Not applicable*

(iii) the amount of the adjustment for each line affected in Not applicable the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate

Please disclose:

*(i) the nature of any changes;*	*Not applicable*
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*	*Not applicable*
*(iii) where practicable, the effect of the change in one or* *more future periods.*	*Not applicable*

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate

Please disclose:

*Please disclose:*
*(i) the nature of the prior period error;*	*Not applicable*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*	*Not applicable*
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*	*Not applicable*

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description This is our first year of operation, so no previous model has been used to reconcile of the nature of each change in against. accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102

End of Start of period period £ £

Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £ Net income/(expenditure) as previously stated Adjustments:

Previous period net income/(expenditure) as restated

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
	ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü

2.4 ASSETS Intangible fixed assets Heritage assets Investments held for resale or pending their sale and cash and cash equivalents with a Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost		Yes No N/a	Yes No N/a	Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a


				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Debtors

The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

Current asset investments

They are valued at fair value except where they qualify as basic financial instruments.

		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Donations andgifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Other Total Other Total Interest income Dividend income Rental and leasingincome Other Total Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual propertyrights Other Total Other information: TOTAL INCOME Other: Analysis Donations and legacies: Charitable activities: Other trading activities: Income from investments: Separate material item of income:	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations andgifts	3,991	-	-	3,991	-
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	3,991	-	-	3,991	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		3,991	-	-	3,991	-

All income in the prior year was unrestricted except for: (please provide description and amounts)		n/a

Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.	n/a

	n/a

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)	£3,656 was donations sourced from members before the charity was incorporated. Majority of members contributed £10-30. One family contributed £750. The remaining £335 was donations made in the year.

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-				-
Operating membership schemes and social lotteries	-	-	-	-				-
Staging fundraising events	-	-	-	-				-
Fudraising agents	-	-	-	-				-
Operating charity shops	-	-	-	-				-
Operating a trading company undertaking non-charitable trading activity	-	-	-	-				-
Advertising, marketing, direct mail and publicity	-	-	-	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-				-
Investment management costs:	-	-	-	-				-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	-	-	-	-	-	-	-	-

Expenditure on charitable activities:
Online platforms (zoom, google, mailchimp etc) for managing charity	991	-	-	991	-	-	-	-
Other admin expenses	53	-	-	53	-	-	-	-
Membership of "sustain alliance"	75	-	-	75	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	1,119	-	-	1,119	-	-	-	-
Separate material item of expense
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-	-	-
	1,119	-	-	1,119	-	-	-	-

Expenditure on charitable activities:
Online platforms (zoom, google, mailchimp etc) for managing charity	991	- -	991		- - -	-
Other admin expenses	53	- -	53		- - -	-
Membership of "sustain alliance"	75	- -	75		- - -	-
	-	- -	-		- - -	-
Total expenditure on charitable
activities	1,119	- -	1,119		- - -	-
Separate material item of expense
	-	- -	-		- - -	-
	-	- -	-		- - -	-
	-	- -	-		- - -	-
Total	-	- -	-		- - -	-
Other
	-	- -	-		- - -	-
	-	- -	-		- - -	-
	-	- -	-		- - -	-
	-	- -	-		- - -	-
Total other expenditure	-	- -	-		- - -	-
TOTAL EXPENDITURE	1,119	- -	1,119	-	- -	-

Other information:

Analysis of expenditure on charitable activities

	This year	This year	This year	This year	Last year	Last year	Last year	Last year
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Activity1	-	-	-	-	-	-	-	-
Activity2	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-