Reglstered no: 0809134 R•gistered Charfty no: 237816 E REHEARSAL ORCHESTRA (A company limtted by guarantee having no share caprtall ANNUAL REPORT AND AccouKrs YEAR ENDED 30 SEPTEMBER 2025
R8gl8tsred Charlty No. 237816 HEARSAL ORCHESTRA ANNUAL REPORT AND A YEAR ENDED 3 SEPTEMBER 202S IA company limited by guarantee having no share c2yta- number 0809134) coKr Officers and advisers Council of Management Rerxt Independent Examinerfs Report ststementof Financial ActNilbes Balance Sheet Notes to the Financial Stalennts 10-14
THE REHEARSAL ORCHESTrA R•gi#terod Charity No. 237816 ANNUAL REPORT AND ACCOU YEAR ENDED 30 SEPTEMBER 2 (A company limited by guarantee having no share capital- number 0809134) OFFICERS AND PROFESSIONAL ADVISERS 20WX125 Council of Management- the follcswing have served beiween 1 Othber 2024 and 30 September 2025: Laura Baltour- Hon Company Secretsry lain Hasnip - Hon Treasurer Edward Kershaw Stewart M¢liwham Zoè Mcmillan EIrzaeth Ranlzen- ChaiMn Hilary Sknrt Hon Company Secretary: Laura Balfour Administrator. Ann&Marie Nommn The Rehearsal Orchestrd. 4-6 Church Road, Burgess Hill, West Sussex RH15 9AE Tel: 07483 924338 min reheatsakorchestra. Registered Office.. 4- 6 Church Road. Buw Hill, V*t Sussex RH15 9AE Registered Number. 0809134 Registered Charity Number. 237816 Accountants.. Keymer Haslam & Co. 4- 6 Churth Rd, Burgess Hill, RH15 9AE Bankers.. National Vvestminstei Bank PIC Chan¢ery Lane and Hoibom, 332 HvJh Holl>xn. London VL1V 7PS
THE REHEARSAL ORCHESTRA Roglsterod Charity 237816 ANNUAL REPORT AND AccouKr YEAR ENDED 30 SEPTEMBER 2026 (A company limited by guarantee having no share caplta- number 0809134) COUNCIL OF MANAGEME REpoiYf FOR THE YEAR ENDED 30 SEPTEMBER 2025 FINANCIAL STATEMENTS The Council of Management presents tts Report and Financial Ststements for the year ended 30 September 2025. The financial statements compty vAth the Charibes Act 2011, the Companies Act 201X, The Memorandum and Articles of Association, and Accounting and Reporting by Chariks: Statement of Recommended Practice applicable to charities preparing their acuunts in a(rdaftce with the Finan81 Reporting Stsndard appltsble in the UK and Republic of Ireland IFRS 102) (effective 1 January 2015)- PRINCIPAL ACTivrriES The main objeclive of Ihe charity remains.. lo fuTlherthe education of manknnd in the art of Music, and especially to promte the study of or(aiestral mus¢. Since its foundation in 1957, the Rehearsal Orchestra has promoted an annual residential orchestral course during the Edinburgh Intemabonal Festival. and arranged a series ot weekènd courses in London and other parts of the UK aimed at providing an iychestral training resource for talented ptayers of all ages and from all parts of the UK and abroad. Public Benefft While the direct benelaries are the 1.51x1 or players have taken part in orchestral courses in recent years. the training and experience they re¢eNe benefits their pupils, the orchestras {l)oth professnal and mmunmyl in which they perfonn. and the public who enjoy thr enhanced f0M)ing abilthes. Members of the wblic are also welconE at the open rehearsaL% which conclude each orchestral )Urse. The orchestral courses ar8 widety advertised, and applicatKins to play are welwmed from all profiuent players. Care is tsken to keep charges to an affordable level and every pla* {eSpecIal in the case of students) is subsidised through our fund- r8ising activities. The Trustees believe, therefore, that the charity is providing public benefit in accordan with charity law requirements. Management 8ndGontrol The organisalion is controlled by Ihe Council of manageTr( which meets at least three times a year to discuss F<)licies and strategies, and to authorise plans for all orchestr81 courses. Detailed management is delegated lo administrators engaged on a freelance basts. Artistic DIrtIon is the responsibility of conductor Levon Parikian. The Council of Managementtskes care to ensure thaiall th& Company's activities within the scope of its Objects as approved by the Charity Commission. WEEKEND COURSES Artistic Director Levon ParikraTr drew up an ambrbous series of weekend courses for the 2024-2025 season, all on larg&scale symphonic repertoire, some well-known and some less so. much rarety available lo players in other or¢hestras. Sunday 3 Novembgr 2024 Tchalkovsky Symphony No. 5- conducting vnrkshop Conductors.. Yi-chuan Chen, Sam Scheer, Giuseppe Stillilano, LeifTse (from the postgraduate orchestral conducting course at the Royal College of Musrc) Venuo Henry Wood Hall, Trinty Chur¢h Square. London SE14HU Sunday 2 February 2025 Mahler Symphony No. 1- ¢onductorTimothy Rednd Venuo Henry Wwj Hall, Trinity Church Square. London SE14HU Sunday 2 March 202S Holst Ilmogen) Persephone & Brltton Prince oflhe PagcMJas. Prelude & Dances, arr. del Mar- conductor Ali Famham Venue Henry Wood Hall, Trinity Churth Squarn. LorKlon SE14HU
THE REHEARSAL ORCHESTrA Roglstered Charlty No. 237816 NNUAL REPORT AND Accoupir YEAR ENDED 30 SEPTEMBER 20 (A company limited by guarantee having no share capital- number 0809134) Sunday 6 Aprll 2026 Kashperova Symphony in B Minor- condu¢torTess J&son Venue Henry Wood Hall. Trinity Church Square. London SE14HU Sunday 11 May 2025 Rachmaninov Symphoni¢ Dances & Long8tsff symphon Dan$ (third mOverrnt)- conductor Stephen Bdl Vonue Hallé St Pets, 40 Bkxsom Street An¢cots, Mah&ster M4 6BF Sunday 29Jun• 2025 Elllngton Harfem & Ger8hwin An AmerKan in Paris- conductor Levm Parikk4n Venuo Henry Wood Hall, Trinity Church Squ, London SE14HU ANNUAL RESIDENTIAL COURSE- Edlnburyh Fostlval Bacewicz Overture Bernstein Candide Overture Bliss ColoLtr Symphony Brahms Symphony No 1 Bru¢h Double Concerto Dvopak Camival Overture Farrenc OverbJre No 1 Gershwin Tip-Toes Overture Herrmann Vertigo Concert Suite Holmès La Nuit et I'Amour Lutostaw5ki Symphony No 1 Mayer Faust Overture Prokofiev Romeo and Juliet Suite No 2 Ravel Daphnis et Chlcé Suite No 2 Shostakovlch Symphony No 1 202512026 PROGRAMME Plans for the 2025-2026 weekend o)ur5e season indude fwe on&day o)urses, including one in Manchester, with pertoire including works by Bartok. Ctyne. Maconchy, Mussorgsky. Ravel. Richard Strauss, Vaughan Wlliams and Webem. We will also for the third year running hold a conducting workshop Whe four students from the Royal College of Music's year wstgraduate course in orchestral conducting will work with the orchestra. on Shostakovich Symphony No. S, under the supervision of the Rehearsal Orchestra's Artis Director, Levon Parikian. During the year, the Trustees apFffoved the des3 and launch ofa website. provKling a dearer, more engaging digital presence for the organisation. The new site improves how we ¢omrnunTrcate with current and prospective players and SUPFh)rters, better showcases ouractivities. and provides a modem pLatform capable of supporting the organisation's future deVelOt. It also provides increased security and tate stsndards of accessibilty. FINANCIAL REVIEW OF THE YEAR This year the financial result on Unrestricted Funds was a def1t of £27,906 compared to an overall defictt of £16,438 in 202&24. During the year, fvnds deswnated for exr£ptional prOgram*S decreased from £24,072 to £22.443, with £1.629 applied to subsidise a shortfall on the Manchester rehearsal day in May 2025, devoted to RachmaninoW$ SymphonK Dances. Fun¢Js designated ft)r strategic projects reduced from £15,000 to £3.983 following expenditure of £11,017 on the design and implémentation of the new websrte. Funds designated for unexpected events remained unchanged at £18.000. The remaining operational Shortfall of £15,260 was met from unrestricted general funds. resulting in a cthing balaft of £45.847. The organisation held no restricted funds at either the Winning or the end ofthe financial year.
THE REHEARSAL ORCHESTRA Rgglstsrod Charity No. 237816 ANNUAL REPORT AND Accouplrs EAR ENDED 30 SEPTEIA8ER 2025 IA company limited ty guarantee having no share ¢aprtal- number 0809134) The Directors would like to thank Seops Arts Trust. Th8 0YrY Carte Ch8ritable Trus( PF Charitable Trus( The Gustav Mahler Society UK and the Frtton Tntst for grants received during the financial year of £S,000, £3.500, £2,500, £400 and £300 respectNety. We are also deepty gratefijl to both our core and proprtfijnders. and especialty those who have responded to our"Friend$ & Angels" xheme. The Directors would like to rerd their thanks to Keymer Haslam who have ktndty offer&1 to host the Reheat5al Orchestra's postal address. RESERVES POLICY It remains the policy of the trustees to maintain a reserve equlvant to half our annual costs in order that they may plan and devel¢)p fuiure orchestrdl xtivities with Confiden. EQUAL OPPORTUNrriES The Rehearsal Orchestra OFWtes an equal opp)rtunitie5 WIGY and welmeS lalented players of any age, gender, religion, sexual ori8ntatK)n. disabilty. ethnicty and legal or marital status. It is o)mmitted againsl unlawful discrimlnalion in providing its activities, seNices and knlibes and pr(Mnotes equality of OPFQrtunty regardless ol class and s(ln0miC background. A dètailed wlicy relating to these issu8s, subi¥t to review on a biennial basis. is available on the Orchestra's website. The p)licy sets out the Orchestra's general practice, how it deals with inclusion and respect and hry4V it ensures thai r( activities are accessibb and indusNe. The policy d&als with the produre for raising comalnts afKI how these are dealt wtth. Trustees also undergo regular trdining in this RISK MANAGEMEKr The Trugtees Consider there are three partIlar risks, regularly reviewed and managed as follows". Financial Rlsk Accounting records are held by the Hon Treasurer and detailed reports presented to each meeting of Ihe Board of Trustees. The exceptional donation of£100,000 from the Nancy Bateman Charitable Trust during 2022-23 has been enormously beneficial in helping stabilise our financial situation and alkjwing us seujre our future Sustainability for the next several years, but the longer term survr¥al of the organization remains dependent on the continued generosity of trusts and indNiduals. Safgguardlng The Rehearsal Orchestra is committed to safe-guarding the welH)eing of all partscipants during our activities. Participants in the Rehearsal Orchestra courses are primarily adutts aged 18 and over. However, the Orchestra wlll accept applications from players under the age of 18 as long as they are accompanied by a parent or guardian who undertakes to be responsible for the young personls. The Orchestra has in place a safeguarding aping to participants, freelance staff, volunteers and anyone attending Rehearsal Orchestra actNities, the purpose of which is to provNle these persons with the overarching principles that guide the Orchestra's approach to the prOltin of all vulnerable people. The policy sets out the recruttm8nl practices around safeguardiry. ground mles and ways of worknng regarding safeguarding of vulnerable people, pr(tedures for raising safeguarding concems and incidents of abuse and procedures for dealing with concems and incident of abuse. It is available on the Rehearsal Orchestra website and will be reviewed and amended as necessary on a biennial basis by Trustees ofthe Board. Hèahh and Safety The Rehearsal Orchestra is committed to the safety of all parbcipants on its courses and ensuring a safe environment within which rehearsals take place.
THE REHEARSAL ORCHESTRA Registered Charlty No. 237816 ANNUAL REPORT AND Accoupirs YEAR EN ED 30 SEPTE (A MpanY limited by guarantee having no share capital- number 0809134) DIRECTORS Members of the Council of Management {who are also the Dire¢tr)rs) who have served during the year are disclosed on page 1. We were delighted that in November 2024 Hilary Sturt and Stewart Mclhvham were appointed Trustees and Directors. They bring extensNe experience in 9oveman¢e, education and outreach activities which, along with their contxts in the MUS professp)n, will be very valuable for the work of the Rehearsal Orchestra. GOVERNANCE Work has continued on modemising the conskntutton dOcUts of the Rehearsal Orchestra to ensure that the onstitulion is fft for our current and future WTposes. The drKuments are being redrafted in accordan with advice which has been sought on this issue and the final doujments will be reviewed professionally before being adopted. SMALL COMPANY PROVISIONS The Directors, Report has been prepared in a(Xxrdanw1th the specral provisk)n$ of Part Vll ofthe Companies Acl 2006 relating to small MpanieS. On behalf of the Boaryl Laurs Baour
THE REHEARSAL ORCHESTrA Reg18ter¢d Charlty No. 237816 ANNUAL REPORT AND AccouKrs YEAR ENDED EPTEMBER 2025 {A company limited by guarantee having no share pIla1- nurnber 08091341 Ind nd?ni Examln s Ro rt to th Trustees of th earsal Oreh I report to the charity trustees on ry examination ofthe aw)unts ofthe Company for the year ended 30 Seplemter 2025. Respon$lbllltles and basls of report As the charty's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation ofthe accounts in aXOrdan with the requirements ofthe Companies Act 2006 {Yhe 2006 A¢V}. Having satisfied mysew that the xcounts of trte Company are not required to be audlted under Part 16 of the 2006 Act and are eligie for independent examination. I reF4)rt in respect of my examination of your charity's ac¢ounts as carried out under section 145 of the Charities Act 2011 (the 2011 A¢V}. In carrying out my examinth'on I have followed the Directions gNen by the Charity Commission under section 145{5) (b) ofthe 2011 Indepondont oxamlnefs statwne I have completed my examination. I confim that no matters have COTr to my attentM)n in connedon with the examination giving me cause to believe: acojunling records were not kept in respert ofthe Company as required by section 386 ofthe 2006 AGt,' or 2. the accounts do not a¢¢ord wtth those rttords: or 3. the accounts do not o)mply the a(xxwnting requIrerts of sectton 396 ofthe 20C6 Act other than any requirement that the accounts gNe a'true and tair VI which is not a matter )nSidered as part of an independent examination" or 4. the accounts have not been prepared in accordance with the ff*thods and principle5 of the Slatement ot Recommended Practice for acc>)unting and reFKirting by chafibes lappli¢able to charities preparing their accounts in accordance with the Financial Reportng Standard applicable in the UK and Republic of Ireland {FRS 102)]. I have no concems and have wme across no other matters in connecbon wtth the examination to whith 8ttention should be drawn in this report in order to enable a proper understanding ofthe accounts to be aGhed. sig. A Burgess FCA Keymer Ha$lam & Co Chartered Ac¢ountants 416 Church Road Burgess Hlll Wesl Sussex RH16 9AE (Hy 2026
THE REHEARSAL ORCHESTrA Registered Charlty No. 237816 ANNUAL REPORT AND ACC umrs YEAR ENDED 30 SEPTEMBER 2025 IA company limited by guarantee having no share capilal~ number 0809134) TEMENT F FINANCIAL A ES FOR THE YEAR ENDED 30 SEPTEMBER 20 Notes Restrthd Total Fur*Js Total Funds 2024 INCOME Grants and donatrons Course fees Sundry income Bank and other interest 20,041 52.028 20.041 52,028 1,484 4,563 15,764 50,469 1,252 6.197 TOTAL INCOME 78.116 78.116 73.682 EXPENDrruRE Direct charitable expenditure Fund raising and publiaty Management and administration ,572 10,393 5,057 90.572 10.393 5,057 76.370 9,305 4,445 TOTAL EXPENDrruRE 11%,022 106,022 90.120 NEf INCOMEI EXPENDrruRE [27.9L) {27,9C6) (16.438) NETM VEMENT IN FUNDS Transf8r betsveen furvjs Fund balan¢es brought forward 118.179 118,179 134,617 FUND BALANCES CARRIE FORWARD 90,273 90,273 118.179 The company's income and expanses all relate to continuing OFerntions. There are no recognised gains or losses other than the surplusl{defictt) forthe financial year shown 8bove.
THE REHEARSAL ORCHESTRA Regbtered Charity No. 237816 ANNUAL REP RT AND ccou YEAR ENDED 30 SEPTEMBER 202 (A company limited by guarantee having no share ¢7pitd- number 0809134) LANCE SHEET AT3 EPTEMBER 2025 2025 2024 FIXED ASSETS Tangiblè assets CURRENT ASSEf8 Debtors and prepayments Bank deposit accounts Cash at bank and in hand 1,2CI) 930 107.500 12,397 6,415 93.615 120.397 CREDrroRS Amounts falling due wilhin one ye (3.342) {2,648} CURRENT A ,273 118.17g NET ASSETS 90.273 118,179 INCOME FUN Unrestricted General fvnd Unrestricted DesvJnated fvnd Restricted fund 10 10 10 45,847 44.426 61,107 57,072 90.273 118,179 The directors, statents required by Sections 475 {21 and (3) are shown on the follLMng page which fomis part of this Balance Sheet
THE REHEARSAL ORCHESTRA Registered Charlty No. 237816 ANNUAL REPORT AND AccouKrs YEAR ENDED O SEPTEMBER20 {A company limited by guarantee having no share capital- number 08091341 COUNCIL OF MANAGEM PORT ON THE BALANCE SHEET AT 30 SEPTEMBER 2025 The Council of Management are satisfied that the Ixmpany was entitled to exemption from audf( under section 477 of the Companieg Act 2c6 relating to sm811 companies and rko member or members have required the company to obtain an audit of its accounts for the year in question in acrdance with section 476. The Council of Management knOwledge their responsibilities for Comptying with the reqU1reffnts ofthe Act with respect to accounting records and the preparation of accounts. The financial statements have been prepared in accordance with the special provisK)ns of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities {effective January 2015) relating lo $maller entibes. On b&half ofthe B0d Elizabeth Ranlzen Chainman lain Hasnip Hon Treasurer
THE REHEARSAL ORCHESTRA Registered Charlty No. 237816 ANNUAL REPORT AND AccouKrs YEAR ENDED 30 SEPTEMBER 2025 {A company limited by guarantee having no share pital- number 0809134) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTIN POLICIES Accoun In conventlon The Financial Ststements have been prepared in accordance wtth Accounting and Reporttng by Charities.. statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective 1 January 2015) - (Charities SORP {FRS 102)}, the Finanual Reporting Standard appiuble in the UK and Republic of Ireland IFRS 102) and the Companies Acts 2006. The Rehearsal Orchestra meets the definition of a public benefft entity under FRS 102. Assets and liabilrties are initially recognised at historical cost ot transaction value unless otherwise stated in the relevant accounting note(s). InGomo Income 1$ recognised when the charity has entidement to the fvnd5. any perfomiance conditions attached to the itemlsl of income have been mec it Is probable that the income will be recer¥ed and the amount can be measured reliabty. Expenditure is recognised once there is a legal or constTuctive obligation to make a payment to a third party. it is probable that a setuement will be required and the arThJunt of the obligation can be measured reliably. All expenditure is a¢nted for on an awual basis and has been classified under headings that aggregate all costs relating lo the category. Fund accountin Unrestricted funds are available to spend on activtbes that further any of the purposes of the charity. Restricted funds are )lJnds which the donor has are to be used solety used for particular areas of the charity's work or for spectfic projects being undertaken by the chanty. recIaOn Depreciation has been provKfed to write off tangible fixed assets over their estimated usefvl lives on a straight line basis at the following rate.. MusicAI equipment- 15% per annum 10
THE REHEARSAL ORCHESTRA Reglstsrod Charlty No. 237816 ANNUAL REPORT AND AccouKrs YEAR ENDED 30 SEPTEMBER 202 (A company limited by guarantee having no share capital- number 0809134) 2024 COME Voluntsry grants and donations 20,041 15,764 20,041 15,764 DIRECT CH BLE EXPENDrnJRE Conductors and principals: fees and expenses Hirè of hall and accommc*Jation Hire of music and instruments ManagenEnt costs strateg proje¢ls 19,706 40.097 5,570 14,182 11,017 21,067 33,831 5,962 15,510 90,572 76,370 This includes the directcosts oforthestral courses arKI anGillary acthty. FUNDRAI ING AND PUBLicrrY Fund raising Publicty 7.712 2.681 6,090 3.215 10.393 9.305 MANAGEMENT AND ADMINISTRATION Office and sundry expenses Professional fees Bank charges Depyeciatwjn 2,804 2,814 1,432 199 213 5.057 4,445 11
Registerod Charlty No. 237816 THE REHEARSAL ANNUAL REPORT AND AccouKrs ENDED 30 SEPTEMBER 20 {A company limited by guarantee having no share capital- number ¢)809134) TANGIBL FIXED ASSErs RCHESTRA M 8lcal ul ment Cost Al 1 October 2024 AddOn$ 3,478 3,478 At 30 September 2025 reciation At 1 October 2 Provision for the year 3,478 3,478 AI 30 September 2(Y25 Net l>ook value At 30 September 2024 At 30 September 2025 20 2024 DEBTORS Income tax recoverable on Gift Aidwj donatpns Prepayments 1,200 327 1.200 930 CREDrroR Amounts falllng duo withln one year. Sundry credf(ors Donations and course fees rtrENed in advance 1.2 1,300 2,042 3,342 2,648 Tangiblefred Net current Total ANALYSIS OF NEf ASSE S BEfwEEN FUNDS ,273 90,273 Unrestricted fvnds Restricted funds 90.273 90,273 12
Règlst8red Charity No. 237816 THE REHEARSAL O CHE ANNUAL REPORT AND AccouKrs ER 2025 YEAR ENDED 3 IA company limited by guarantee having no share capital- number 0809134) SE 10 FUND MOVEMENTS FthJ 1 2CQ4 IM¥Jnh¥J Outyt¥KJ fran5hrs 30 Sopt 2025 61.107 78,116 93,376 45,847 44.426 12.646 Unr85tdraed G8raIfUrtdS Unfestnrted Desw3n8ted lunds Rostricted FUts 118.179 7B.116 11,022 9),2n The trustees had designated £25,0(KJ for exceptronal PTogr8mmes, £15.000 for strategic projects £18,000 for ftrture unexpected events. DuTing the financial year, £1.629 of the fund5 designated for exceptional programmes was applied to meet a shortfall arising from the Manchester rehearsal day held in May 2025. Expenditufe of £11.017 was incurred against the strategic projects designation in respect of the design and implementation ofa nthv website. The designation for unexpected events rgmained unchanged. 11 RELATED PARTY TRANSACTIONS No Trustee was paid for thèir s•Mce5 as a Trustee. Trustees donated a total of£141 (2024.. £130). STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEvfEMBER 20 12 com iv of all Items on the FA T(tsl FuThJ5 Total Funds INCOME Grants and donations Course fees Sundry income Bank and other interest 15,764 50,469 1,252 6.197 15,764 50.469 1,252 6,197 123,175 45,650 3,634 73.682 73,682 172,459 TOTAL INCOME EXPENDITURE Directcharitable expenditure Fund raising and publKity Management and administratD)n 74.435 9,305 4.445 1.935 76.370 9,305 4,445 66,16e 8,495 TA EXPENDrruRE 88,185 1,935 ,120 80,103 NEf INC EXPENDITUR (14,503) {1,9351 (16.438) NEf MOVEMENT IN FUNDS Transfer btheen fvnds Fund balances brought forward FUND BALANCES CARRIED FORWARD 132,682 1,935 134,617 42,261 118.179 118,179 134,617 13
THE REHEARSAL ORCHEST Regl8tored Charlty No. 237816 ANNUAL REPORT AND AccouKrs R ENDED 30 SEPTEMBER 2025 (A company limited by guarantee having no Share wital- number 0809134) 13 BALANCE SHEET AT SEPTEMBER 20 ~ for com arallv•s of all ' ms on the Balance Sheet 2024 2023 FIXED ASSErs Tangible assets CURRENT ASSErs Debtors and prepayments Bank deposit accounts Cash at bank and in hand 1.414 125,500 10,386 107,51)) 12,397 120.827 137.31x1 CREDrroRS Amounts falling duewithin one y (2.648) (2.683) CURRENT ASSETS 118,179 134,617 ASSET 118.179 134,617 INC ME FUNDS Unrestricted General fund Unrestricted DesYJnaled fvnd Restricted fund 61.107 57,072 74,682 58,000 1,935 118.179 134,617 14