| Page | ||||||
|---|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charitable | Company, | its Trustees and | |||
| Advisers | ||||||
| Chair's Statement . |
||||||
| Trustees' Report |
3-10 | |||||
| Independent | Auditors' | Report | on the Financial Statements | 11-14 | ||
| Consolidated | Statement of Financial Activities | 15 | ||||
| Consolidated | Balance Sheet | 16 | ||||
| Charitable Company |
Balance | Sheet | 17 | |||
| Consolidated | Statement ofCash Flows | 18 | ||||
| Notes to the | Financial | Statements | 19-36 |
| Trustees | Professor Judith | Elkin | |||||
|---|---|---|---|---|---|---|---|
| Richard Hastilow-Smith | |||||||
| Maher Kazi | |||||||
| Leslie Kinmond | |||||||
| Simon Marks | |||||||
| Professor Tamar | Thompson | OBE, Chair | |||||
| Thomas Wells (appointed | 17January 2023) | ||||||
| Company | registered | ||||||
| number | 00838245 | ||||||
| Charity registered | |||||||
| number | 241433 | ||||||
| Registered | office | Malvern Theatres | |||||
| Grange Road | |||||||
| Malvern | |||||||
| Worcestershire | |||||||
| WR14 3HB | |||||||
| Company | secretary | Leslie Kinmond | |||||
| Chief executive officer | Nic Lloyd | ||||||
| Independent | auditors | Bishop Fleming | LLP | ||||
| Chartered Accountants |
|||||||
| Statutory Auditors | |||||||
| 1-3College Yard | |||||||
| Worcester | |||||||
| WR1 2LB | |||||||
| Solicitors | Harrison Clark Rickerbys |
LLP | |||||
| 5 Deansway | |||||||
| Worcester | |||||||
| Worcestershire | |||||||
| WR1 2JG | |||||||
| Bankers | Lloyds Bank PLC | ||||||
| 48 Belle Vue Terrace | |||||||
| Malvern | |||||||
| Worcestershire | |||||||
| WR14 4QG |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Note | E | E | F | ||
| INCOME FROM: | |||||
| Donations and legacies |
212,353 | 366,118 | 578,471 | 822,880 | |
| Charitable activities |
4,520,956 | 4,520,956 | 3,252,745 | ||
| Other trading activities |
170,995 | 170,995 | 134,347 | ||
| Investments | 22,032 | 22,032 | 43,219 | ||
| TOTAL INCOME | 4,926,336 | 366,118 | 5,292,454 | 4,253,191 | |
| EXPENDITURE ON: | |||||
| Raising funds | 175,507 | 175,507 | 173,457 | ||
| Charitable activities |
7 | 4,693,993 | 405,290 | 5,099,283 | 4,105,715 |
| TOTAL EXPENDITURE | 4,869,500 | 405,290 | 5,274,790 | 4,279,172 | |
| NET INCOME/(EXPENDITURE) | |||||
| BEFORE NET LOSSES ON | |||||
| INVESTMENTS | 56,836 | (39,172) | 17,664 | (25,981) | |
| Net losses on investments | 13 | (55,543) | (55,543) | (6,261) | |
| NET MOVEMENT IN FUNDS |
1,293 | (39,172) | (37,879) | (32,242) | |
| RECONCILIATION OF FUNDS: |
|||||
| Total funds brought forward |
1,198,454 | 3,581,202 | 4,779,656 | 4,811,898 | |
| Net movement in funds |
18 | 1,293 | (39,172) | (37,879) | (32,242) |
| TOTAL FUNDS CARRIED FORWARD | 1,199,747 | 3,542,030 | 4,741,777 | 4,779,656 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | E | |||
| FIXEDASSETS | ||||
| Tangible assets | 12 | 2,367,&62 | 2,510,177 | |
| Investments | 13 | 592,905 | 656,950 | |
| 2,960,767 | 3,167,127 | |||
| CURRENT ASSETS | ||||
| Debtors | 14 | 208,941 | 174,956 | |
| Cash at bank and | in hand | 3,105,273 | 2,946,477 | |
| 3,314,214 | 3,121,433 | |||
| Creditors: amounts | falling due within one | |||
| year | (1,533,204) | (1,508,904) | ||
| NET CURRENT ASSETS | 1,781„010 | 1,612,529 | ||
| TOTAL NET ASSETS | 4,741,777 | 4,779,656 | ||
| CHARITY FUNDS | ||||
| Restricted funds |
17 | 3,542,030 | 3,581,202 | |
| Unrestricted funds |
17 | 1,199,747 | 1,198,454 | |
| TOTAL FUNDS | 4,741,777 | 4,779,656 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | E | |||
| FIXEDASSETS | ||||
| Tangible assets | 12 | 2,367,862 | 2,510,177 | |
| Investments | 13 | 692,907 | 756,952 | |
| 3,060,769 | 3,267,129 | |||
| CURRENT ASSETS | ||||
| Debtors | 14 | 260,449 | 247,797 | |
| Cash at bank and | in hand | 2,972,534 | 2,786,127 | |
| 3,232,983 | 3,033,924 | |||
| Creditors: amounts | falling due within one | |||
| year | 15 | (1,521,230) | (1,497,687) | |
| NET CURRENT ASSETS | 1,711,753 | 1,536,237 | ||
| TOTAL ASSETS | LESSCURRENT | |||
| LIABILITIES | 4,772,522 | 4,803,366 | ||
| TOTAL NET ASSETS | 4,772,522 | 4,803,366 | ||
| CHARITYFUNDS | ||||
| Restricted funds |
17 | 3,542,030 | 3,581,202 | |
| Unrestricted funds |
17 | 1,230,492 | 1,222,164 | |
| TOTAL FUNDS | 4,772,522 | 4,803,366 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | E | E | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
| Net cash | used in operating activities |
20 | 138,251 | 463,285 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
| Investment | income | 22,032 | 43,217 | |||
| Movement | oftangible fixed assets | (9,989) | (13,895) | |||
| Proceeds | from sale of investments | 186,005 | 283,975 | |||
| Purchase | of investments | (177,503) | (443,002) | |||
| NET CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | 20,545 | (129,705) | ||||
| CHANGE | IN CASH AND CASH EQUIVALENTS | IN THE YEAR | 158,796 | 333,580 | ||
| Cash and | cash equivalents at the beginning |
ofthe year | 2,946,477 | 2,612,897 | ||
| CASH AND CASH EQUIVALENTS AT THE | END | OF THE YEAR | 21 | 3,105,273 | 2,946,477 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| K | f. | ||||
| DONATIONS | |||||
| Tomorrow Fund donations |
98,767 | 98,767 | 17,719 | ||
| Heritage Fund donations |
267,351 | 267,351 | 207,730 | ||
| Other donations | 74,738 | ,74,738 | 80,802 | ||
| GRANTS | |||||
| Support grant from MHDC | 56,800 | 56,800 | 56,801 | ||
| Covid grant from MHDC | 24,000 | ||||
| Rent grant from MHDC | 61,000 | 61,000 | 61,000 | ||
| Other grants | 19,815 | 19,815 | 8,789 | ||
| Culture Recovery Fund grant | 327,672 | ||||
| Job Retention Scheme grant | 38,367 | ||||
| TOTAL 2023 | 212,353 | 366,118 | 578,471 | 822,880 | |
| TOTAL 2022 | 597,431 | . | 225,449 | 822,880 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| F | ||||||
| Festival Theatre income | 2,619,264 | 2,619,264 | 1,639,522 | |||
| Forum Theatre income | 985,981 | 985,981 | 874,237 | |||
| Engagement | and Creative Learning | income | 13,498 | 13,498 | 14,170 | |
| Cinema income | 244,257 | 244,257 | 224,600 | |||
| Theatre membership | fees and income | 237,353 | 237,353 | 201,570 | ||
| Other income | 420,603 | 420,603 | 298,646 | |||
| TOTAL 2023 | 4,520,956 | 4,520,956 | 3,252,745 | |||
| TOTAL 2022 | 3,252,745 | 3,252,745 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023f | 2023 F |
2022 E |
|||
| Income | from catedng contract | 51,482 | 51,482 | 35,790 | |
| Trading | company | income | 119,513 | 119,513 | 98,557 |
| TOTAL | 2023 | 170,995 | 170,995 | 134,347 | |
| TOTAL | 2022 | 134,347 | 134,347 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 E |
2023f | 2022 | ||
| Investment | income | 22,032 | 22,032 | 43,219 |
| TOTAL 2023 | 22,032 | 22,032 | 43,219 | |
| TOTAL 2022 | 43,219 | 43,219 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||
| 2023 | 2023 | 2023 | 2022 | |||
| f. | ||||||
| Shows | 4,573,157 | 405,290 | 4,978,447 | 3,986,443 | ||
| Engagement | and Creative Learning | 87,394 | 87,394 | 57,666 | ||
| Catering | expenditure | 33,442 | 33,442 | 61,606 | ||
| 4,693,993 | 405,290 | 5,099,283 | 4,105,715 | |||
| TOTAL | 2022 | 3,969,071 | 136,644 | 4,105,715 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||||
| directly | costs | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| E | F | E | |||||
| Shows | 4,629,538 | 348,909 | 4,978,447 | 3,988,810 | |||
| Engagement | and Creative | Learning | 87,394 | 87,394 | 55,299 | ||
| Catering | expenditure | 33,442 | 33,442 | 61,606 | |||
| 4,750,374 | 348,909 | 5,099,283 | 4,105,715 | ||||
| TOTAL | 2022 | 3,791,894 | 313,821 | 4,105,715 |
| Engagement | |||||||
|---|---|---|---|---|---|---|---|
| and Creative | Total | Total | |||||
| Shows | Learning | Catering | funds | funds | |||
| 2023 | 2023 E |
2023f | 2023 | 2022 f. |
|||
| Staff costs | 857,833 | 62,949 | 920,782 | 817,372 | |||
| Depreciation | 159,816 | 159,816 | '168,007 | ||||
| Show production | costs | 2,610,337 | 19,989 | 2,630,326 | 1,951,460 | ||
| Cinema production | costs | 91,071 | 91,071 | 87,494 | |||
| Irrecoverable VAT |
83,260 | 83,260 | 35,745 | ||||
| Covid Costs | 4,011 | ||||||
| Advertising and marketing |
234,106 | 4,456 | 238,562 | 173,041 | |||
| Equipment and small tool costs |
5,602 | 5,602 | 5,328 | ||||
| Property costs | 249,333 | 249,333 | 135,153 | ||||
| General property |
costs | 113,598 | 113,598 | 125,432 | |||
| Other.staff costs | 18,897 | 18,897 | 30,591 | ||||
| General expenses | 133,276 | 133,276 | 126,655 | ||||
| Catering Costs | 33,442 | 33,442 | 61,606 | ||||
| Operating leases |
72,409 | 72,409 | 69,999 | ||||
| 4,629,538 | 87,394 | 33,442 | 4,750,374 | 3,791,894 | |||
| TOTAL 2022 | 3,674,989 | 55,299 | 61,606 | 3,791,894 |
| Theatres | Total | Total | |||
|---|---|---|---|---|---|
| income | funds | funds | |||
| 2023f | 2023 f. |
2022 F |
|||
| Staff costs | 279,903 | 279,903 | 256,208 | ||
| Bank and credit card | charges | 24,137 | 24,137 | 21,608 | |
| Consultancy | costs | 27,296 | 27,296 | 17,444 | |
| Audit fees | 16,275 | 16,275 | 16,250 | ||
| I egal and professional | fees | 1,298 | 1,298 | 2,311 | |
| 348,909 | 34&,909 | 313,821 |
| 2023f | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fees payable to the Charitable | Company's | auditor | for the audit ofthe | ||||||
| Charitable | Company's | annual | accounts | 14,275 | 14,250 | ||||
| Fees payable to the Charitable | Company's | auditor | in respect of: | ||||||
| All non-audit | services not included | above | 2,000 | 2,000 | |||||
| STAFF COSTS | |||||||||
| Charitable | Charitable | ||||||||
| Group | Group | Company | Company | ||||||
| 2023 | 2022 | 2023 | 2022 | ||||||
| F | |||||||||
| Wages and | salaries | 1,138,973 | 1,032,696 | 1,138,973 | 1,032,696 | ||||
| Social security costs | 88,939 | 77,598 | 88,939 | 77,598 | |||||
| Contribution | to defined | contribution | pension | ||||||
| schemes | 42,515 | 38,187 | 42,515 | 38,187 | |||||
| 1,270,427 | 1,148,481 | 1,270,427 | 1,148,481 |
| Charitable | Charitable | |||
|---|---|---|---|---|
| Group | Group | Company | Company | |
| 2023 | 2022 | 2023 | 2022 | |
| No. | No. | No. | No. | |
| Employees | 59 | 52 | 59 | 52 |
| Group | Group |
|---|---|
| 2023 | 2022 |
| No. | No. |
| Long-term | |||
|---|---|---|---|
| leasehold | Fixtures and | ||
| property E |
fittings f |
Total | |
| COST | |||
| At 1 April 2022 | 7,253,205 | 973,907 | 8,227,112 |
| Additions | 17,501 | 17,501 | |
| Disposals | (7,512) | (7,512) | |
| At 31 March 2023 | 7,253,205 | 983,896 | 8,237,101 |
| DEPRECIATION | |||
| At 1 April 2022 | 5,017,156 | 699,779 | 5,716,935 |
| Charge for the year | 97,220 | 62,596 | 159,816 |
| On disposals | (7,512) | (7,512) | |
| At 31 March 2023 | 5,114,376 | 754,863 | 5,869,239 |
| NET BOOK VALUE | |||
| At 31 March 2023 | 2,138,829 | 229,033 | 2,367,862 |
| At 31 March 2022 | 2,236,049 | 274,128 | 2,510,177 |
| Listed | |
|---|---|
| investments | |
| GROUP AND CHARITABLE COMPANY | f. |
| COST OR VALUATION | |
| At 1 April 2022 | 656,950 |
| Additions | 177,503 |
| Disposals | (186,005) |
| Revaluations | (55,543) |
| AT 31 MARCH 2023 | 592,905 |
| NET BOOK VALUE | |
| AT 31 MARCH 2023 | 592,905 |
| AT 31 MARCH 2022 | 656,950 |
| PRINCIPAL SUBSIDIARIES |
| Names | Company | Registered office or |
Principal | activity | activity | Class of | Holding | |
|---|---|---|---|---|---|---|---|---|
| number | principal place of |
shares | ||||||
| business | ||||||||
| Malvern | Theatres | 02870411 | The 'Malvern Theatres, |
Hire offacilities and | Ordinary | 100o/o | ||
| Trading | Limited | Grange Road, Malvern, | sale ofancilliary | |||||
| Worcestershire, | products | related to | ||||||
| WR14 3BH | shows | |||||||
| Malvern | Theatres | 06421354 | The Malvern Theatres, | Touring theatrical | Ordinary | 100'/o | ||
| Productions | Grange Road, Malvern, | production | company | |||||
| Limited | Worcestershire, | |||||||
| WR14 3BH |
| The finan | cial result |
s ofthe | sub | sidiaries for |
the year were: | |||
|---|---|---|---|---|---|---|---|---|
| Names | Income | Expenditure | Surplus/ | Net assets | ||||
| F | E | (Deficit) for | F | |||||
| the period | ||||||||
| Malvern | Theatres | Trading | Limited | 123,513 | (123,513) | 2 | ||
| Malvern | Theatres | Productions | Limited | (4,000) | (3,035) | (7,035) | 69,255 |
| Charitable | Charitable | ||||
|---|---|---|---|---|---|
| Group | Group | Company | Company | ||
| 2023 | 2022 | 2023 | 2022 | ||
| F | F | ||||
| DUE WITHIN | ONE YEAR | ||||
| Trade debtors | 45,293 | 76,852 | 39,610 | 72,918 | |
| Amounts owed by group undertakings |
58,191 | 81,775 | |||
| Other debtors | 2,200 | 2,200 | 1,200 | 1,200 | |
| Prepayments | and accrued income | 161,448 | 95,904 | 161,448 | 91,904 |
| 208,941 | 174,956 | 260,449 | 247,797 |
| CREDIT | ORS: AM | OU | NTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| Charitable | Charitable | ||||||||
| Group | Group | Company | Company | ||||||
| 2023 | 2022 | 2023 | 2022 | ||||||
| F | F | E | |||||||
| Trade creditors | 260,011 | 149,123 | 256,180 | 144,199 | |||||
| Other taxation and | social | security | 26,788 | 43,897 | 26,788 | 43,897 | |||
| Other creditors | 612 | 612 | |||||||
| Accruals | and deferred | income | 1,246,405 | 1,315,272 | 1,238,262 | 1,308,979 | |||
| 1,533,204 | 1,508,904 | 1,521,230 | 1,497,687 | ||||||
| Charitable | Charitable | ||||||||
| Group | Group | Company | Company | ||||||
| 2023 | 2022 | 2023 | 2022 | ||||||
| F | F | F | |||||||
| Deferred | income at | 1 April | 2022 | 907„500 | 745,215 | 906,100 | 613,910 | ||
| Resources deferred | during | the year | 1,066,346 | 907,500 | 1,063,429 | 906,100 | |||
| Amounts | released from previous | periods | (907,500) | (745,215) | (906,100) | (613,910) | |||
| 1,066,346 | 907,500 | 1,063,429 | 906,100 |
| Charitable | Chadtable | |||||
|---|---|---|---|---|---|---|
| Group | Group | Company | Company | |||
| 2023 | 2022 | 2023 | 2022 | |||
| f. | F | |||||
| FINANCIAL ASSETS | ||||||
| Financial | assets measured | at fair value | ||||
| through | income and expenditure | 3,105,273 | 2,946,477 | 2,972,534 | 2,786,127 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31 March | ||||
| April 2022 f |
Income E |
Expenditure | (Losses) E |
2023 F |
||
| UNRESTRICTED FUNDS | ||||||
| General Funds |
1,198,454 | 4,926,336 | (4,869,500) | (55,543) | 1,199,747 | |
| RESTRICTED FUNDS | ||||||
| Restricted Theatre | ||||||
| Refurbishment Fund |
2,236„049 | (97,220) | 2,138,829 | |||
| Restricted Tomorrow | Fund | 661,900 | 98,767 | (102,554) | 658,113 | |
| Restricted Heritage |
Fund | 683,253 | 267,351 | (205,516) | 745,088 | |
| 3,581,202 | 366,118 | (405,290) | 3,542,030 | |||
| TOTAL OF FUNDS | 4,779,656 | 5',292,454 | (5,274,790) | (55,543) | 4,741,777 |
| STATEMENT OF F | UNDS - P | RIOR YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Gains/ | 31 March | ||||
| 1 April 2021 | Income | Expenditure | (Losses) | 2022 | ||
| P | F | |||||
| UNRESTRICTED FUNDS | ||||||
| General Funds | 1,319,501 | 4,027,742 | (4,142,528) | (6,261) | 1,198,454 | |
| RESTRICTED FUNDS | ||||||
| Restricted Theatre | ||||||
| Refurbishment Fund |
2,333,269 | (97,220) | 2,236,049 | |||
| Restricted Tomorrow | Fund | 683,605 | 17,719 | (39,424) | 661,900 | |
| Restricted Heritage | Fund | 475,523 | 207,730 | 683,253 | ||
| 3,492,397 | 225,449 | (136,644) | 3,581,202 | |||
| TOTAL OF FUNDS | 4,811,898 | 4,253,191 | (4,279,172) | (6,261) | 4,779,656 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31 March | |||
| April 2022, | Income | Expendituref | (Losses) F |
2023 | |
| General funds | 1,198,454 | 4,926„336 | (4,869,500) | (55,543) | 1,199,747 |
| Restricted funds | 3,581,202 | 366,118 | (405,290) | 3,542,030 | |
| 4,779,656 | 5,292,454 | (5,274,790) | (55,543) | 4,741,777 | |
| SUMMARY OF FUNDS | - PRIOR YEAR | ||||
| Balance at | |||||
| Balance at | Gains/ | 31 March | |||
| 1 April 2021 | Income | Expenditure | (Losses) | 2022 | |
| F | |||||
| General funds | 1,319,501 | 4,027,742 | (4,142,528) | (6,261) | 1,198,454 |
| .Restricted funds | 3,492,397 | 225,449 | (136,644) | 3,581,202 | |
| 4,811,898 | 4,253,191 | (4,279,172) | (6,261) | 4,779,656 |
| ANALYSIS OF NET ASSETS BETWEEN FU | NDS -CURRENT YEAR | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| E | E | ||
| Tangible fixed assets | 2,367,862 | 2,367,862 | |
| Fixed asset investments | 592,905 | 592,905 | |
| Current assets | 2,140,046 | 1,174,168 | 3,314,214 |
| Creditors due within one year | (1,533,204) | (1,533,204) | |
| TOTAL | 1,199,747 | 3,542,030 | 4,741,777 |
| ANALYSIS OF NET ASSETS BETWEEN FU | NDS -PRIOR YEAR | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| Tangible fixed assets | 2,510,177 | 2,510,177 | |
| Fixed asset investments | 656,950 | 656,950 | |
| Current assets | 2,050,408 | 1,071,025 | 3,121,433 |
| Creditors due within one year | (1,508,904) | (1,508,904) | |
| TOTAL | 1,198,454 | 3,581,202 | 4,779,656 |
| RECONCILIATION | OF NET MOVEMENT | OF NET MOVEMENT | IN FUNDS TO NET CASH FLOW FROM OPERATING | IN FUNDS TO NET CASH FLOW FROM OPERATING | IN FUNDS TO NET CASH FLOW FROM OPERATING | |
|---|---|---|---|---|---|---|
| 20. | ACTIVITIES | |||||
| Group | Group | |||||
| 2023 | 2022 | |||||
| E | ||||||
| Net expenditure for |
the year (as per Statement of Financial Activities) | (37,879) | (32,242) | |||
| ADJUSTMENTS FOR: | ||||||
| Depreciation charges |
152,304 | 168,007 | ||||
| Dividends, interests |
and rents from investments | (22,032) | (43,219) | |||
| Decrease/(increase) | in debtors | (33,998) | 65,035 | |||
| Increase in creditors |
24,313 | 299,443 | ||||
| Net (profit) / loss on | sale and revaluation | of investments | 55,543 | 6,261 | ||
| NET CASH PROVIDED BYOPERATING | ACTIVITIES | 138,251 | 463,285 | |||
| 21. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||||
| Group | Group | |||||
| 2023 | 2022 | |||||
| Cash in hand |
3,105,273 | 2,946,477 |