Charfty reglstratlon number 239015 (England and Wales) First Church Of Christ, Scientis¢ Altrincham Annual report and unaudited financlal statements For the year ended 31 December 2024
First Church Of Christ, Scientist, Altrincham Legal and admlnistrative infromation Trustees S Brearfey (Appointed 2 November 2025} (Appointed 2 November 2025) S Grngal Charity registratlon England and Wales 239015 Princlpal address 55 Ashley Road Altrincham Cheshire WA14 2LS Independent examiner DJH Business Advisers Llmited Bridge House Ashley Road Hale Altrinchatn WA14 21 Bankers Barday5 Bank PIC 48150 George Street Altrind)am Cheshi WA14 IRH
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Contents Pa9e TnJstÈes' report Statement of Trustees. responsibilities Independent examIne5 report statement of financial activities Balan sheet Notes to the financial statements 8-18
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Trustees, report FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual retKTrrt and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounling polities set out in note I to the financial statements and comply with the charity's goveming document, the Charities Act 2011 and Accounting and Reporbng by Charities= Statement of Recommended Practice applicable to charitles pparIng their accounts in accordan with the Financial Reporting Standèrd applicable in the UK and Republlc of Ireland {FRS 102) (effertive l January 20191.. Objectives and activitie5 The objective of the charity Is for the general purpose of a thurch and provision of a reading room, for the public benefit. The Tnjstees have paid due regard to guidan issued by the Charity Commission in deading what activities the charity should undertake. ofth rit The church held it's annual Thanksgiving Service on 27th November 2024. The church members did not sponsor a free public talk on Christian Science in 2024 nor hold its annual Christmas Celebrations. The church maintains a Christian Science reading room on the churth premises with facilities for study f the Bible, the Christian Science text book, "scien and Health with Key to the Scripture5" by Mary Baker Eddy and other Christian Science literdture. These items may also be borrowed or purchased. A warm welcome is extended to the publkc tg attend church Services and to make use of the readlng room and lending library. In luly 2022, with a three-year grant from the Wèstminster Fund for this purpose, the chvrch started the Èmployment of a librarian to manage the Reading Roown. 2024 was the second full year for this Librarian. In January 2024 a grant of E2.993 was secured from -Tru5ts Under the Will of Mary Baker Eddy" for tethnology Improvements. Under this grant a church website, a new computer sy5tern, two IPads and literature display stsnds were provide(l. There were none given in 2024. due to the c95ts involved in staffing the adIng room. Achievements and performan As noted above, 2024 was the second full year with an employed librarian for the church'5 Reading Room. As noted below, the thurch s income was greater than its expenditure. Finan¢lal review The charity had excess income over expenditure of £6,096 during the year in regard to it5 tharitable activities. This was due to most of the TUW grant items IE3,143) being capiialised, and depreciation tsn new assets of £874. There wa5 a cash gain of £1,066 in the year. The investments increased in the year by E2,760. The church has one restricied fund, being a provision of soloists from a legacy in 2014 of £2,000. This has been dUd to £645 in the year per Steven Brearfey. The church has kept suffioent funds for the next finanaal year. to meet the needs of the tharity and its Statutory obligations.
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Trustees, report (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2024 erve It is the policy of the charity that unrestricted funds whlth have not been designated for a specific use should be maintsined at a level equivalent tD between three ané six month's expenditure. ThÈ Trustees considers that reserves at this level will ensure that, in the event ol d significant drop in fundingi they will be able to continue the charity's current athvities while consideration is given to ways in which additional funds may be raised. This level of reserve5 has been maintained throughout the year. At 31 December 2024 the charity's level r)f free unrestricted reserves. exduding tsngible assets was £61,473 and restrirted reserves were £645 whith is considered sufficient in accordancè with the charity's reserves policy. isk mana ment The trustees have assessed thè major risks to which the charity is exph)sed. and are satisfied that systems are in place to mitigate exposure to the major risks. structurei governance and management First Church of Christ, Scientist, Altrincham is a branch of The Mother Church, The First Church of Christ Scientist in Boston, Massachusett5. The charity was established under a Irust deed dated 29 April 1924. The tharity'5 constitutlon and by- laws were reviseé in 1972, 1974, 1982, 1984, 2004, 2005, 2010 and 2014. The church was registered a5 a charity on 8th April 1965. There is 8 subsidiary charity,. number 239015-1. being the trust property at I Peter Street, Altrincham whith was sold in Drnber 2015. The Trustees wh9 Served during the year were.. K Mason (Resigned l January 2024) K N Harvey K Vernon (Appointed I lanuary 2023 and resigned l January 2Q24) M Whiltaker (Appointed l January 2023 and resigned l January 20241 (Appointed l January 2023 and deceased 21 Febnjary 2024) other key officers who served during the year were- Clerk Treasurer President K N Harvey S N Brearfey L Haire {Appointed l January 2022. Term finished 31 Dècember 20241 A rota of deputy readers J Hudson First reader Second reader Post Year-end appointments were: President S N Brearley {Appointed l January 20241, L Haire (Appointed l January 20261 J A Breartey (Appointed l January 20251 K N Harvey {Appointed l January 20251 S N 8readey (Appointed 2 Novernber 20251, S Grogan (Appointed 2 November 20251 First reader second reader Trustees The trustees who hold the deed to the property are S N Brearley, K Harvey, K Mason & S Nicholson. hodofr itmen trust Trustees are elected from the members of the churth and intro(luced into the role and responsibilities of being a trustee.
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Trustees. report (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, report was approved by the 8oard of Trustee5. S Grogan 02
First Church Of Christ, Scientist, Altrincham Statement of trustees, reponsibilities For the year ended 31 December 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepte Accounting prattl). The law applicable to charities in England and Wale5 requires the Tnjstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the tharity and of the incoming resources and application of resources of the ch4rity for that year. In preparing these financial statement5, the Trustees are required to.. select suitable accounting policies and then apply them con515tenUy,' obsèrve the methods and principles in the Charities SORP- make judgements and estimates that a reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going cOnrn basis unless it Is inappropriate to presume that the charity will continuÈ in operation. The Trustees are responsible for k&ping suffioent accounkn.ng reconls that disdose with aSonable accuracy at any time the financial po51tn of the charity and enable them to ensure that the financial statements Cotnply with the Charities Act 2011, the Charity (Accounts and Reports) Regulatrons 2008 and the provisign5 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 detethon of fraud and other irregularities.
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Independent examiner's report TO THE TRUSTEES OF FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM I report to the Trustees on my examination of the financial stements of First Church Of Christ, Saentisl, Altrincham (the charity) ft)r the year ende(J 31 December 2024. Responsibilltles and basis of report As the Trustee5 of the tharity you are responsible for the prepardtion of the financial statements In accwdance with the requirements of the Charities Act 2011. I report in re5pert of my examination of the tharity's finanaal atsments carried out under settiiyb 145 of the Charitiès Act 2011. In carryirsg out my examinatiDn I have followed the Directions given by the Charity Commission under section 145{51{b) of the Chadties Act 2011. Indepèndent examiner's statement I have completed my examination. I have identified a matter of concem in that the Charlty has been operating for the period ending 31 December 2024 without a Board of Trustees to oversee (Jay-to-day operations and approve expenditure, highlighting a major governan failing. The charity's trustees consider that an audit is not required for this period under section L44 of the Charities Act 2011 (The Charities Act) and that an independent examination is reqLJired. I confirm that apart from the matter of concern set out above, no matter5 have come to my attention in connection with the exarnination glvlng me cause to believe that in any material Spert. accounting records were not kept in respect of the charity as required by section 13D of the Charities Att 2DII. the financial staternents do not accord with those records; or the financial statements do not comply with the applicable requirements conceming the form and content of financial 5tatement5 sel out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not matter considered as part of an independent examinatson. I confirm that there are no other matters in connectron with the examination to which attention should be drawn in this report in order to enable a proper underslanding of the financial statements to be reached. Colette Lennon FCCA DJH Business Advisers Limited Accountants Bridge House Ashley Road Hale Altrincham WA14 2UT Dated:
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM statement of financial actlvities including income and expenditure account FOR THE YEAR ENDED 31 DECEMBER 2024 T¢*al Unrestrkt¢d Restricted fund$ funds 2023 2023 Totaj tunds 2024 fund$ 2024 2024 2023 Noteg nt Donations and legacies Charitable activities Investments Other income 19,517 8.368 1,528 6.850 19,517 8.368 1,528 6.850 24,953 9.768 1.533 24,953 9.768 L.533 Total Income 36,263 36.263 36,254 36,254 Charitable aclivlties 32.927 32,927 40.981 40.981 Net gainslllosses) on investments 12 2,760 2,760 (1,056) IL,056) Net Incomlng/(outgoing) resources before transfers 6,096 6.0% 15,7831 15,7831 Gross transfers between funds Net rnovement in funds 1,35S 7,451 {1.355) (1.3551 6.096 (5,783) 15,783} Fund balances at l January 2024 671.292 2.000 673,292 677,075 679,075 Fund balances at 31 December 2024 678,743 645 679,388 671,292 2,000 673,292 The statement of r Inanclal activities incliJde5 all gains and losses recognised in the year. The statement of financial attivities includes all gains and losses recognised in the year. AJI income and expenditure derive from continuing activities.
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Balance sheet AS AT 31 DECEMBER 2024 2024 2023 Flxed asset5 Tangible a55ets Investments 13 617,269 55,248 615,000 52,488 14 672.517 667,488 Current assets Debtors Cash at bank and in hand 15 I.S04 10.420 4.836 11,924 11,520 Creditors: amoun15 falling due within one year 16 (5,0531 15,7161 Net current assets 6.871 5,804 Total assets less current liabilities 679,388 673.292 Income funds Restrirted funds Unrestricted fLhnd5 18 645 2,000 671,292 678,743 679,388 673,292 The financial statements We approved on . .f(., S Grogan
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financial statements FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies Charity information First Church of Christ Soent15t is a tharity established under tnjst deed. 1.1 Attountlng conventlon The financial statements have been ppa in accordance wth the charity's governing document, the Charities Act 2011, FRS 102 Tre Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounting and Rewrting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for tharSties not to prepare a statement of cash flows. The financial statements are prepared In steding. which is the functional currency of the tharity. Monetary amounts in these finanoal statements are rounded to the neast £. The accounts have been prepa under the historical cost conventlon. modifièd to include the revalualion of freehold properties and to indude investment properties and certain financial instruments at fair value. The prbncipal accounting policies adopted are set out below. 1.2 Golng concern At the titne of approving the financial statements, the Trustees have a reasonable expertation that the charity ha5 adequate resources to Continue in operational existence for the loreseeable future. Thus the Trustees continue to adopt the goin9 concem ba515 of 6cwunting sn preparing thè financial statements. 1.3 Charltsble funds Unrestrirted funds a available for use at the distretion of the Tnsstees in fvrtheran of their charitable objectives. Restrirted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrirted funds are set out in the notes to the financial statements. All funds are unrestricted funds. other than a donatlon received in 2014 of £2,000, for the provision of soloists. 1.4 Incomlng resources Income is recognised when the charity Is legally entitled to it after any performance conditions have been met, the amounts (an be measured reliably, and it is probable that income will be received. Cash donat10115 are recognised on receipt. Other donations are recognised once the charity hag been notiffied of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies a recognised on receipt or othetwise if the charity has been notified of an impending distribulion, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financial statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.5 Resource5 expended Expenditure 15 recognised On there is a legal or tonstrurtive obllgatron to transfer Èconomic benefit to a third party, it is probable that a transfer of economic benefits W11 be Quid in settlement, and the amount of the obligab.on can be measured reliably. Expenditure is classified by activity. The costs of each artivity a made up of the total of direct costs and share{5 costs, including SUPPOrt costs involve(J in undertoking each activity. Direct costs attributable to a single activity are allocated direcyy to that activity. Shared costs which contribute to MO than one activity and support costs which are not attributable to a single activity a apportloned between those acknvities on a basis consistent with the Use of resources. Central staff costs are allocated on the basis of time spen¢ and depreciabon tharges are allocated on the portion of the asset's use. Resources expended are accounted for when paid. Expenditure is attributed to cost categories based on the amount expended during the year. Thé irrecoverable element of VAT is induded with the item of expenses to which it relates. Support costs are those functions that alst the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finances personneli payroll and governance Costs which support thè charity's adivities. The bases on whith support costs have been allocated are set out in note 8. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at Wst and subsequently measured at or valuation, net of depreciation and any impairment losses. Computer5 Freehold property and assets in the course of construction are not depreciated. The gain or loss arising on the disposal of an asset is detem)ined as the difference tWeell the sale proceeds and the canying value of the asset, and is recognised in the statèment of financi41 attivities. 1.7 Flxed asset Investments Fixed asset investments are initially measured at transaction price exduding tsan5attiDn costs, and a subsequently measured at fair value at each reporting (Jate. Changes in fair value are recognised in net income](expenditurel for the year. Transaction costs are expensed as incurred. 1.8 Impalrment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets tD determine whether there is any indication that those asset5 have Suffered an impairment loss. Jf any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any}. 1.9 Cash and cash equivalents Cash and cash equivalents ificlude cash in hand. deposits held at call with banks, Dther short-term liquid inveslment5 Wlth original maturtties of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financlal statements (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polScies (Continued) 1.10 Flnancial instruments The charity has elerted to apply the provisions of Settion 11 'Basic Financial Instruments. an Settion 12 '0ther Finanaal Instruments Issues, of FRS 102 to all of its financial instrurnents. Financial Instrument5 are recognised in the charity's balan sheet when the tharity becomès party to the ctsntractual provisions of the instrument. Finanaal assets and liabiliknes are offset. with Ihe net amounts presented In the finanoal statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability 5imulianeously. Basie r Inancial assets Basic financial assets, which Include debtor5 and cash and bank balances, are initlally measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective Inte$t method unless the arrangement constitutes a financing tTrnsaction, where the transaction is measured at the present value or the future ripts discounted at a market rate of interest. Financial assets classified 85 receivable within one year are not amortised. Basic flnanclal liabilltles Basic financial liabilities. including credTtors and nk loans are initially rpcognised at transaction price unless the arrangement constitutès a financing tsansaLtion, where the debt instrument is measured at the present value of the futsjre payments discounted at a market rate of interest. nancial liabilities classified as payable within one year are not amortised. Debt instrurnents are subsequently carried at amortised cost. using the effettive interest rate method. Trade (raditors are obligations to pay for g(K$ or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassifieLI as current liabilities if payment is due within one year or less. If not, they are presented a5 n0n-Curnt liabilities. Trdde creditors are recognised initially at transattion pri and subsequently measured at amDrtlsed cost using the effertive interest method. Derecognltlon of financial liabilities Frnancial liabilities are éerecognised when the tharitys contrartual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost ot any untjsed holiday entitlement is recognised in the period in which the employee's services are te1ve. Temiination benefits are cognised immediately a5 an expense when the tharity is demonsirably committed to temiinate the employment of an employee or to provide termination beneffits. io-
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the flnancial statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical acrounting estimates and judgements In the application of the charity s ac(x)untlng tKblicies, the Trustees are required to make Judgements, estimates and assumptions about the carrying amount of a55et5 and liabilities that are not readily apparent from other source5. The estirnates and associated assumptions are based on historical experience and other factors thèt ate Conside to be relevant. Attual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revi51Dns to accounting estimates are recognised in the pericKJ in which the estimate is revised where the revision afferts only that period, or in the perfod of the revision and futu periods where the revision affects both Cunt and future periods. Income from investments Ubbrestrlcted Unrestrlcted Iwnds fund5 2014 2023 Income from listed investments 1,528 l.S33 other Income ilttrestrlcted Unre5trlcted runds funds 2014 2023 Other income 6,850 Income from donatlons arKI legaties Unrestrkted Unre5tr1cted funds fund5 2024 2023 Donations and gifts Grants 5.034 14,483 12.7S3 12,200 19,517 24,953 Donations and 9ifts General donations 5,034 12,753 5,034 12,753 li
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financial statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activltles Unrestrlrte funds 1024 Unrestrlcted fund$ 2023 Church collecbons Reading room sales 7,399 969 8,652 1.116 9,768 Trustee5 None of the Trustees (or any persons connetted with them) received any remuneration or benefits from the charity during the current or prior year. No trustees expenses were incurred during the current or prior year. Charltable activlties 2024 2023 Depreciation and impairment Reading roo Church maintenan Church administration 874 2,003 7,790 3.864 1,837 14,364 6,758 14,531 22,959 Sharè of support costs (see note 9} sha of governan costs {see note 9) 16.522 1.874 16,272 1,750 32,927 40,981 12
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FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the flnancial statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees Number of employees The average monthly number of employees during the ye6r was: 2024 Number 2023 Number Church administration All etnployee time was spent providing either support to the governance of the charity or support ServiS to charitable activities. No employee received emoluments of more than £60,000 during the year. The follokying staff costs. included within charitable artivities. were incurred during the year: 2024 2023 Wages and salaries 16,522 16,272 11 Taxatlon The charity is exempt from taxat40n on its actNlties because all its income is applièd for charitsble purposes. 12 Net galnsl(10sses) on investments 2024 2023 Rev?luatron of investments 2,760 (1,0561 14-
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financlal statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tanglble fixed a55ets Computers Total propeTty C05t At l January 2024 Additions 615,000 520 615,000 3,143 2,623 At 31 December 2024 615,52 2.623 618,143 Depreciation and impairment Depreoation charged in the year 874 874 At 31 December 2024 874 874 Carrying amount At 31 December 2024 615.520 1,749 617,269 At 31 Dember 2023 615.wo 615,000 Freehold property consists of the church buildings at 55 Ashley Road, Altrinchdtn, valued by Thomas Willrnax Limited in July 2021. The valuation at 31 December 2024 is not experted to be significantly different, thefore this value ha5 been used at the balan sheet date. 14 Fixed asset Investments Llsted Investmeht$ Cijst or valuation At 31 December 2023 Valuation changes 52.48B 2.760 At 31 December 2024 55,248 Carrylng amount At 31 December 2024 55,248 At 31 December 2023 52,488 By the trust deed. the investments are not subject to the limitations of the Trustees Investment Act. 15-
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the flnancial statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtors 2014 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 23 4.836 1.481 1.504 4,836 16 Creditors: amount5 falllng due within one year 2024 2023 Government grants Trade creditors Accruals and defeed income 17 2,7 493 3,966 1,750 1,860 5,053 5,716 17 Govemment grants Deferred income is included in the financial statements as follows: 2024 2023 Deferred income Is included within: Current liabllities 2,700 Movement5 in the year.. Deferred income at l January 2024 Resou5 deferred in the year 2.7($ Deferred income at 31 December 2024 2,700 16-
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financial statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Restricted funds The rtstricted funds of the tharity comprise the unexpended balaTr of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l January 2024 Trar5 At31 08Mber 2024 2.000 11,355) 645 Pr¢vious year: At l January 2023 Transfvs At31 D•¢ember 2023 2.000 2,000 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances Df donations and grants which are not subjett to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At A January 2024 In¢oming Resourc Tesour¢es expended Transfws Gains and 105ses At31 D•c¢mber 2D24 General funds 671,292 36.263 (32.9271 L.355 2,760 678,743 Prevlous year: At l Janry Incominy Re%)urces TraTh5fers Galns and 2023 res¢)Ur9 expended losses At31 Dernber 2023 General funds 677,075 36.254 140,9811 {1,0561 671.292 17
FIRST CHURCH OF CHRIST, SCIENTIST, ALTRINCHAM Notes to the financlal statements (continued) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analysls of net assÈts between funds Unrestricted Restricted fund$ fvnds 2024 2024 Tot*1 2024 At 31 Decembér 2024: Tangible a55ets Investments Current assets/{liabilitiesl 617,269 55,248 6.226 617,269 55,248 6,871 645 678,743 645 679.388 Unrestrlcted fund$ 2023 Restrl¢ted funds 2023 Ttstsi 2023 At 31 Deeember 2023: Tangible asgets Investments Current assets/(liabilitiesl 615.000 52,488 3,804 615,000 52,488 5,804 2,000 671.292 2,000 673,292 21 Related party transactlons There were no disclosable related party transartions during the current or prior year. 18-