Charity ragistration number 120386S Peat Rigg Charitable Foundation Trustees Annual Report and Unaudited Financial Statements For The Period Ended 31 December 2024
PEAT RIGG CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrAS Thorpe Ms A Fealherslone Mr l R J Thorpe Mr M J Vvebsler Mr D W Noble (Appointed 5 July 2023) (Appointed 5 July 20231 (Appointed 5 July 2023} (Appointed 5 July 20231 (Appointed 5 July 20231 Charlty number 1203865 Independent examiner Jessica Lawrence FCA CTA els Audit Services Limited 12 King Street Leeds LS12HL Bankers HSBC Bank pl¢ 1 Parfimenl Street York Y01 8XS
PEAT RIGG CHARITABLE FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls 10-16
PEAT RIGG CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statement5 for the period ended 31 December 2024. Overview The Peal Rigg Charitable Foundation is dedicated to providing transformative Outdoor Education experiences that inspire, challenge. and empower all those people involved, whether il be stsff. participants or our wider community. Situated in a spectacular location within the North York Moors National Park, the Foundation harnesses the power of nature and adventure to promote personal development, resilience, and a deeper connection lo the environment. Peal Rigg Community Foundation aims to address the barriers many individuals face in accessing outdoor learning opportunities. By offering a safe, inclusive, and stimulating environment, we enable participants to develop critical life skills, foster teamwork, and build ¢onfiden¢e. Peal Rigg's programs primarily serve young people, with pricing slralegies, marketing inilialives and inclusive delivery that ensures that the organisalion reaches a broad range of individuals, groups and communities. We design activities lo meet a range of needs, ensuiing that every participant can benefit from the physical, emotional, and social growth that outdoor leaming provides. Through our work, we also champion environmental sustainability, embedding ecological awareness into every aspect of our operations and leaching. We aim lo cultivate not only personal growth but also a lifelong commitment to protecting and cherishing the natural worfd. The financial stalernenls have been prepared in accordance rith the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chaiilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities The Peat Rigg Charitable Foundation is committed lo delivering impactful outdoor education and personal development opportunrties Ihal.. Promote resilience, confiden, and life skills among participants. Foster a sense of community and teamwork. Provide Inclusive, access lo nature.based leaming for all participants Demonstrate and encourage environmentsl stewardship and sustainable practices. These objectives align wth our mission to inspire individuals and communities through outdoor experienS, helping them realise their potential and develop a lifelong connection lo the natural world. Activities To achieve these obje¢tives, the foundation undettskes a range of activities, in¢luding'. Outdoor Education Programs Residential courses and day programs designed to build confidence, leadership, and teamwork A broad range of Outdoor Activities and experiences tailored to suit different age groups and Environmenial Education Ensuring that all courses foster and understanding of conservats'on, sustainability, and ecological awareness. Using Peat Rigg farm and the natLJral environment of the North York Moors to deliver this aim. Environmental Enhancement of Peal Rigg Managing a practical range of measures lo enhance the environmentsl benefits and biodiversity of Peat Rigg
PEAT RIGG CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees have paid due regard to guidance issued by the Charty Commission in deciding what activities the Charity should undertake. Achievements and perforniance The flrst accountlng perlod- July 2023 to December 2024 In this first period of operating, the Peat Rigg Charitable Foundation has made a meaningful impact through its outdoor education programs and environmental projects on Peat Rigg farm. Despite a squeeze on funding wthin the sector and the cosl-of-living crisis, the foundation has successfvlly delivered a wde range of activities that have benefited partiupanls of all ages and abilities. Ke Achievements Program Delivery Peal Rigg Charitable Foundation worked with 25 separate organisations running 22 residential and 8 day programs. These programmes engaged 651 individuals. The programmes engage a broad range of clients including young people, Special Educational needs students, disabled groups and underrepresented communities. Feedback from clients and organisations was consistently high for all the delivery, never dropping below 5 stars for every programme. Long term relationships have been established ensuring sustsinabilily of the organisalion. Environmental Education Every course encouraged participants to engage with the natural environment, raising awareness among participants about suslainabilily and conservation. All courses included practical engagement with the natural environment and managed natural environment of Peat Rigg farm. Environmentsl enhancement of Peal Rigg During this accounting period 1200 metres of new hedging and 275 trees were planted. Idflower seeds collected from a 2.3-heclare field, was used lo regenerate future wldflower meadows al Peat Rigg. Financial review 11 is the policy of the Charity that unreslricled funds which have not been designated for a specific use should be maintained at a level equivalent to betteen six and twelve month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the period. The current level of flee reserves is £200,078, which is slightly above the largel level outlined above. The trustees nevertheless consider il prudent to consider setting aside additional reserves for future currently unplanned contingencies.
PEAT RIGG CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Plans for future periods The achievements of this year lay a strong foundation for future growth. Plans for the coming year include building a new outdoor classroom to increase the options for delivering outdoor learning throughout the year and whatever the weather. The foundation also intends to build an accessible offroad cycling track around the sile to increase the number of inclusive options and encourage participation in healthy enjoyment of the natural environment. The foundation also intends to take over the operational management Peat Rigg Farm and has conducted the initial planning and preparation lo move the land into the most environmentally beneficial options within the Defra framework.
PEAT RIGG CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 structure, governance and management Governlng Document Peat Rigg Charitable Foundation operates as a registered charity under the terms of its governing document, a foundation model constitution. This sets out the aims, objectives, and rules for the effective management of the charity. Oryanisational Structure The Foundation is overseen by the board of five trustees, who meet regularly lo provide strategic direction and ensure the charity's compliance wth its objectives and legal obligations. The day-IcFday management of the foundation is delegated lo the senior leadership team, which is responsible lor irllplementing the Iruslees, strategic plans, managing operation5, and supervising 51aff and volunteers. Decision-making The board of Iruslees makes key decisions collectively, adhering lo principles of transparency, accountability, and due diligence. The leadership always ensures that there is a clear and current availability of infomialion about the operations al Peat Rigg lo enable the Trustees lo make informed derysions to further the aims of the Charity. Safeyuardlng and Rlsk Management The foundation has robust policies in place to safeguard the welfare of all participants and stsff. Regular training is provided lo ensure Complian with safeguarding best practi$. Risk assessments are conducted for all adivities and operations, data about incidents are recorded and reviewed periodically by the trustees. Objectives were sel for the first year to ensure that the following risks were considered and mitigations put in place. Financial risks- mitigations included a trustee decision about holding an adequate level of reserves and having a cautious attitude about debt. Strategic risks- mitigations included a clear commitment lo fulfilling the Charitable objects and working closely with stakeholders lo respond lo demand. Operational risks - mitigations included an adherence to established safety protocols, dose scrutiny of these by Trustees and employing competent. qualified staff to run all courses. Compliance risks- mitigations included using experienced expert advisors lo set up the Charity correctly, and ensuring that all Trustees had access to all the information and training resources lo fulfil their roles compelenlly. External threats- ensuring that systems, training and reSoUrS are in place to be able to respond to technological, environmental and other threats. These objectives were reviewed al Trustees meetings accepted as an appropriate level of planning and management of the risks facing Peat Rigg Charitable Foundation. Extemal Support and Advlsors The foundation benefits from the advice and support of extemal professionals in areas such as legal compliance, financial management. and health and safety. These advisors contribute lo ensuring best practices across all areas of governance and operab'ons. ststement of Assurance The Trustees confirm that they have fulfilled their responsibilities as outlined above during the reporting period. They have exercised due care, skill, and diligence in the governance of the Foundation and have taken all reasonable steps to safeguard ils mission and resources. This statement is made in accordan with the Foundation's commitment to transparency and accountability and has been approved by the Board of Trustees.
PEAT RIGG CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees who served during the period and up lo the dale of signature of the financial statements were.. MrA S Thorpe (Appointed 5 July 20231 Ms A Featherstone (Appointed 5 July 20231 Mr l R J Thorpe (Appointed 5 July 20231 Mr M J Webster (Appointed 5 July 20231 Mr D W Noble (Appointed 5 July 20231 Trustee Recruitment and Appointment The trustees of the foundation are appointed in accordance with the goveming document. The Current five Trustees have been selected based on their skills, experience, and commitment to the charity's objectives. A formal induction process has been provided to ensure new trustees fully understsnd their responsibilities, the charity's mission, and the regulatory framework wthin which the foundation operates. The Trustees. report was approved by the Board of Trustees. Mr l R J Thorpe Trustee Date.. 1810612025
PEAT RIGG CHARITABLE FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pradicel. The law applicable to charities in England and Wales requires the Trustees lo prepare financial stslemenls for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resoLJr¢es of the Charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently", observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements,. and prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient acwunling records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial statements ¢omply with the Charib'es Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PEAT RIGG CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEAT RIGG CHARITABLE FOUNDATION I report to the Trustees on my examination of the financial slalements of Peal Rigg Charitable Foundation (the Charity) for the period ended 31 DetsMr 2024. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act. In Carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 A¢1. This report, induding my statement, has been prepared for and only for the charity's trustees as a body. My work has been undertaken so that I might state to the charity's trustees those matters l am required lo slate lo them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume rèsponsibility lo anyone other than the charity and the charity's Iruslees as a body for my examination work, for this report, or for the statements I have made. Independent examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confirm that no malters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the financial statements do not a¢cord with those re¢ords,' or the financial statements do not comply wth the applicable requirements ConMing the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no ConmS and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Azets Audit Services Limited Jessica Lawrence FCA CTA 12 King Street Leeds LS12HL Dated. 1810612025
PEAT RIGG CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestrfcted Restrlcted funds funds 2024 2024 Total 2024 Notes Income and endowments from: Donations legacies Charitable activities Investment Income Other income 169,010 102,574 1,391 1,200 45,000 214,010 102.574 1,391 1,200 Total income 274,175 45,000 319,175 Ex enditure on- Charitablè activities 74,097 26,392 100,489 Net Income for the perlodl Net movement in funds 200,078 18,608 218,686 Fund balances at 5 July 2023 Fund balances at 31 December 2024 200,078 18.608 218,686 The statement of financial activities indudes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
PEAT RIGG CHARITABLE FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 Notes Flxed assets Tangible assets 10 26,453 Curr&nt assets Debtors Cash at bank and in hand 11 354 229,441 229,795 137,5621 Credltors: amounts falllng due wlthln one year 12 Net current assets 192,233 Total assets less current liabilities 218,686 Income funds Restricted funds Unrestricted funds 13 18,608 200,078 218,686 1810612025 The financial stslemenls were approved by the Trustees on . Mr l R J Thorpe Trusteg
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Charity inforniation Peal Rigg Charitable Foundation is a Charity established on 5 July 2023 and registered with the Charity Commission under Charity number 1203865. The Charity's principal office address is Peal Rigg Outdoor Training Centre, The Green House, Cropton, Pickering, Y018 8EX. 1.1 Reportlng perlod The annual financial statements are presented for a period longer than one year due to the company having an incorporation date of 5 July 2023 and a year end date of 31 December 2024. 1.2 Accounting convention The financial slalements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP Accounting and Reporting by CharV(ies.' Slalemenl of Recommended Practi applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191- The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not lo prepare a Statement of Cash Flows. The finanaal slalements have departed from the Charities IAccounls and Reports) Regulations 2008 only ID the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial slalements are prepared in sterfing, which is the functional currency of the Charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £1. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.3 Going concern Al the lime of approving the financial slatemenls, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees ntinue to adopt the going concern basis of accounting in preparing the financial ststemenls. 1.4 Charitable funds Unrestriclttd funds are available for use al the discretion of the Trustees in furtherance of their Charitable objectives. Restricted funds are subject to speafic conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal statements. Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the Charity. 10-
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnuedl 1.5 Income Al income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified reliably. Income from grants, where related lo performance and specific deliverables, are accounted for as the charity eams the right to consideration by it's performance. Fees receivable are accounted for in the period in which the service is provided. INhere income is re¢eived specifically for expenditure in a future accounts'ng period the amount is deferred. 1.6 Expenditure Expenditure is recognised in the period in which il is incurred. Expenditure includes attributable VAT which cannot be recovered. Charitable expenditure comprises those costs incurred by the charity in the deliverance of its activities and ServIS for its beneficiaries. It includes both costs that can be diredy allocated lo such activities and those costs of an indirect nature necessary to support Ihern. 1.7 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 200/0 Straight Line The gain or IDSS arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of finanaal ath"vib"es. 1.8 Impairment of fixed assets At each reporting end date. the Charity reviews the carying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amount ol the asset is estimated in order to detemiine the extent of the impaimient loss lif any). 1.9 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call wth banks, other short-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current Iiabililies. 1.10 Financial instruments The Charity has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, wrf(h the net amounts presented in the financial slatemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and setue the liability simultaneously.
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnuedl 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed lo lerminale the employment of an employee or to piovide lerminalion benefits. 1.12 Debtors Prepayments and accrued income represent time apportioned expenses or income lo be recognised in future accounting period. Debtors, other than those held at fair value through profil and loss, are assessed for indicators of impaimient at each reporting end date. Debtors S impaired where there is objective evidence that, as a result of one or more events that occurred after the Initial recognition of the financial assèt, the eslimaled future cash flows have been affected. The impaimient loss is recognised in the income and expenditu account. 1.13 Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and Ihe amount due to setue the obligation can be measured or estimated reliably. Creditors, loans and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. Creditors are derecognised when, and only when, obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation al the reporting end dale, taking into account the risks and uncertainties surrounding the obligats'on. Crltlcal accountlng estlmatss and Judgements In the application of the Charity's accounting policies, the Trustees a required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabil(ties that are not readily apparent from other Sour$. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The Iruslees are of the opinion that the are no material eslimales orjudgements. 12-
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 DECEMBER 2024 Donations and legacies Unrestricted Restricted funds funds Total 2024 2024 2024 Donations and gifts Perforrnance related grants 169,010 169,010 45,000 45,000 169.010 45,000 214,010 Charitable activities Charitable Incorne 2024 Course income 102,574 13-
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 DECEMBER 2024 Charitable activitie5 Charitable Expenditure 2024 Depreciation and impaimienl Freelance labour Insurance Rent Staff training Management charges 1,392 16,361 1,769 46,404 35 29,108 95,069 Share of support costs (see note 61 Share of governance costs (see note 61 95 5,325 100,489 Analysls by fund Unrestricted funds Restricted funds 74,097 26,392 100,489 Support costs Support Govgrnanca osts costs 2024 Bank charges 95 95 Audit fees Legal and professional 3,240 2,085 3,240 2,085 95 5,325 5,420 Analysed beeen Chartsble activities 95 5,325 5,420 Included within accountancy are fees payable lo the independent examiner for the independent examination of £1,440. 14-
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 DECEMBER 2024 Trustees None of the Trustees lor any persons connected wth them) received any remuneration or benefits from the Charty during the period. Employees The average monthly number of employees during the period was.. 2024 Number Total There were no employees whose annual remuneration was more than £60,000. Taxatlon The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the exlenl that these are applied to its charitsble objects. 10 Tangible fixed assets Fixtures and fitting$ Cost Additions 27,845 Al 31 December 2024 27,845 Depreciation and impairment Depreaalion charged in the period 1,392 Al 31 December 2024 1,392 Carrylng amount At 31 December 2024 26,453 11 Debtors 2024 Amounts falling due within on& yèar: Prepayments and accrued income 354 15-
PEAT RIGG CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 DECEMBER 2024 12 Creditors: amounts falling due within one year 2024 Other creditors Accruals and deferred income 34,322 3,240 37,562 13 Restricted funds The incorne funds of the charity include restricted funds comprising the followng unexpended balances of donations and grants held on trust for specific purposes". Movement in funds Incoming resource5 Movement in funds Balance at 5 July 2023 Incoming resource5 Resources Balance at expended 31 December 2024 NYC Access track grant Cohen Funding 20,000 25,000 11,3921 125,0001 18,608 45,000 126,3921 18,608 The NYC Grant was to fund the construction of an access track to the new lake. The access track purchased with the grant is being depreciated over il's useful life. The Cohen funding relates to courses for disadvantaged children from the Teeside area only. 14 Analysis of net assets between funds Unreslrl¢ted ReStrIed funds funds 2024 2024 Totsl 2024 Fund balances at 31 December 2024 are represented by.. Tangible assets Current assetsllliabililiesl 7,845 192.233 18,608 26,453 192,233 200,078 18,608 218,686 16-