Charity registration number: 252022
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Annual Report and Financial Statements
for the Year Ended 31 July 2024
MG Group (Professional Services) Limited Chartered Accountants 166 College Road Harrow London Middlesex HA1 1BH
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 17 |
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Reference and Administrative Details
Trustees Mr O S Nassim Mr D Ahronee Mr A Cohen Mr S Cohen Council Mr S Moses Mr S Joseph Mr J Nassim Mr G Nasim Treasurer Mr B Yefet Chairman Mr S Tobi Principal Office 127/129 Clapton Common London E5 9AB Charity Registration Number 252022 Bankers Royal Bank of Scotland 62-63 Threadneedle Street, London EC2R 8LA Independent Examiner MG Group (Professional Services) Limited Chartered Accountants 166 College Road Harrow London Middlesex HA1 1BH
Page 1
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2024.
Structure, governance and management
Nature of governing document
The Charity is controlled by its constitution document and constitutes an Unincorporated Charity.
The Congregation is an Unincorporated Association governed by Laws adopted on 22nd May 1966 and amended in General Meeting from time to time.
Recruitment and appointment of trustees
The Laws of the Congregation govern the appointment of Council Members. Ordinarily, Members are -opt members of The Congregation. This enables the Members to fill vacancies arising through the resignation or death of an existing Member.
Induction and training of trustees
New Members are mentored by existing Members until they are fully familiar with how the Charity operates.
Organisational structure
Charity Trustees.
The Council in 2024 are named on page 1.
Major risks and management of those risks
The Council is responsible for the management of the risks faced by the Congregation. Risks are identified and assessed throughout the year and controls are established to manage the risks.
Through the risk management processes established for the Congregation, the Council is satisfied that the major risks identified have been adequately mitigated, where necessary, or are in the process of being mitigated. It is recognised that systems can only provide reasonable, but not absolute, assurance that major risks have been adequately identified and addressed.
Page 2
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Trustees' Report
Objectives and activities
Objects and aims
The Synagogue was established in 1966 as a Congregation professing the Jewish Religion, with the objects of providing and maintaining a Synagogue for the purpose of public worship and advancing religious, educational and charitable activities. We carry out these objects in many ways.
Achievements and performance
The Congregation conducts services at its premises at 127-129 Clapton Common. Consequently, it has been able to lease its property at 117 Clapton Common to another Jewish community.
Additionally, it rents out the Synagogue Hall at 127-129 Clapton Common.
These two income sources have been used as explained in the Financial Review below.
The Congregation is a volunteer organisation and therefore is indebted to numerous Members of the Congregation who have given up their time to further the activities of the community.
The Council are extremely grateful to Members for their continued support in the form of donations to contribute to the annual running expenses of the Synagogue.
Financial review
The Trustees are pleased to report an overall surplus of £14,976. The surplus will be used in accordance with the reserves policy set out below. The Balance Sheet remains strong, with net assets of £1,687,898 (2023: £1,672,923).
Policy on reserves
Our policy is to utilise any reserves for future commitments and projects which include:
-
Work on the fabric of the buildings
-
Creating a fund for future building work
Total reserve amount to £1,687,898 (2023: £1,672,923).
Page 3
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM statemont of Trustees, Responslblllties The Iru$tee8 are responsible for preparfng the Iruslees, report and the financlal statements in accordance wllh the United Kingdom Accounting SlandaTd8 Iunlted Klngdom Generally Acceptèd Accounting Practice) and applicable law and regulallons. The law applicabk to charitles requires the trustee5 to prepare financial ststements for each finarrial year which glve a true and fair eW of the state of affalrs of the charlty and of the incorning resources and application of resources of the charity for that perlod. In prepartng these finanaal stslemenls, the trustees are required to.. select sultable accounting pollcies and then appty them C0$1en1ly.' (*>serve the malhods and pdnuples in the CharltSes SORP,. make jud9ements and estlmates that are reasonable and prudent., State whether applrcgble accounting standards have been follcwe¢J. subject to any materlal departures di3dosed and explalned In the financial Slalements,. and prepare the financial stslemenls on the going concern basls unle88 it 13 InappropNate to presume that the charity will ¢tinUe in busine58. The trustees are respOnble for kegping proper acwJntSng records that di8dose wtth re8sonaL48 accuracy at any me the financial position of Ihg charlty and enable them lo ensure that the financi81 slalements mplY wth the Charities Act 2011, the applicable Charilieg {Accounts and Reports) Regulations, and the provlslon8 of the conslltullon. The Iruslees are also responsible for safeguarding the assets of thè chanty and hence lor taklng re880nable ste for the prevention and detectlon of fraud and other Irregularr(s. Approved by the tru81ee8 ofthe charity on........................aThl signgd on its behalf by.. Mr B Yefel TreaSur Mr Chairman P8g• 4
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM Independent Examinetrs Report to the trustees of CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM I report to the charty trustees on my examinats'on of the a¢¢ounts of the ¢harty for the year ended 31 July 2024 1c are set out on pages 6 to 17. Respective responsibilities of trustees and examiner As the charity's trustees of CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM you are responsible for the preparatK)n ol the accounts in accordan th the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM'S accounts carned out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Di¢b"on$ given by the Charity Commission under sectson 14515llbl of the Act. 1nd8p9nd8nt8xaminès statem8nl Since CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM'S gros5 income exceeded £250.000 your examiner musl be o member of a body li51ed in section 145 of the 2011 Act. I confirm that l am qualified to un¢Jertake the examinatson because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection wrth the examination giving me cause to believe that in any material respect.. 1. accounting rerdS were not kep¢ in re$pe¢t of CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM as required by section 130 of the Act., or 2. the accounts do not accord wth those records,. or 3. the account5 do not comply Trmlh the accountin9 requirements ton¢eming thè fomi and eontenl of accounts sel out In the Chanlies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Iwe and fair vievl vthich is not a matter considered as part of an independent examinabon. I have no ¢on¢ems and have Come acro$$ no other matters in nnectIon wih the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reachèd. Gavin Fernandes. FCA Chartered Accountsnts 166 College Road Harrow London Middlesex HA1 1BH 30105/2025 Dale.. Page 5
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Statement of Financial Activities for the Year Ended 31 July 2024
| Note Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 Note Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted funds £ 39,387 253,385 292,772 (12,408) (265,388) (277,796) 14,976 521,367 536,343 Unrestricted funds £ 33,872 190,500 224,372 (11,337) (205,992) (217,329) 7,043 514,324 521,367 |
Restricted funds £ - - - - - - - 1,151,556 1,151,556 Restricted funds £ - - - - - - - 1,151,556 1,151,556 |
Total 2024 £ 39,387 253,385 |
|---|---|---|---|
| 292,772 | |||
| (12,408) (265,388) |
|||
| (277,796) | |||
| 14,976 1,672,923 |
|||
| 1,687,899 | |||
| Total 2023 £ 33,872 190,500 |
|||
| 224,372 | |||
| (11,337) (205,992) |
|||
| (217,329) | |||
| 7,043 1,665,880 |
|||
| 1,672,923 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 11.
Page 6
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM (Reglstratlon number: 252022) Balanco Sheat as at 31 July 2024 2024 2023 Flxed as8et8 Tanglble assets 1.449,836 1,451,671 Current assfrts 18,807 273 876 Cash at bank and In hand 16.607 251.594 290,483 268.201 18.580 Credttors: Amotsnts falllng due wtthin ono year Not currènt assets 24 249 821 Total ass9ts1B Gurrent Ilabllitles Credltorn: Amounts falllng dug aftor more than on8 year Net assots 1.716,268 1.701,292 10 128.3691 28 369 Fund8 of Ihe ch•rlty: Restrlct•d funds 1,151.5 1.151,556 Unrestrlctsd Income fundg Unrestricted fund$ 536,343 1.687.8 521,367 Totsl funds 11 The financial statements on pages 6 10 17 were approved by Ihe trustees, and authorised for188ue on . and signed on their behalf by.. MrSTobl ChaiMn Treasurer Pagg 7
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
1 Accounting policies
Charity Status
The charity is unincorporated having trading address at 127/129 Clapton Common London E5 9AB
Presentation Currency
The financial statements are presented in the functional currency of pounds sterling, and the figures are rounded to the nearest pound.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting 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 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are presented in the functional currency of pounds sterling, and the figures are rounded to the nearest pound.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary donations and gifts are accounted for as received. All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Page 8
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation spread of staff costs.
All resources expended are inclusive of irrecoverable VAT.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Governance costs
expenses.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 9
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
Tangible fixed assets
Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Freehold land is not depreciated as it is considered to have an indefinite useful life. Freehold buildings are not depreciated as the trustees consider, based on regular professional valuations and current and useful lives of these assets annually to ensure this policy remains appropriate.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Furniture and fittings
Depreciation method and rate
15% reducing balance
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Page 10
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanations of the nature and purpose of each fund is included in the notes to the Financial Statements.
Financial instruments
Classification
The Charity has elected to apply the provisions of the Charities SORP (FRS 102) to all of its financial instruments.
to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial 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 simultaneously.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of nancial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 11
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
2 Income from donations and legacies
| Donations and legacies; Donations from individuals |
Unrestricted funds General £ 39,387 39,387 |
Total 2024 £ 39,387 39,387 |
Total 2023 £ 33,872 |
|---|---|---|---|
| 33,872 |
3 Other income
| Rental income | Unrestricted funds General £ 253,385 |
Total 2024 £ 253,385 |
Total 2023 £ 190,500 |
|---|---|---|---|
4 Expenditure on charitable activities
| Note Other Expenses Depreciation, amortisation and other similar costs Governance costs |
Unrestricted funds General £ 262,929 1,835 624 265,388 |
Total 2024 £ 262,929 1,835 624 265,388 |
Total 2023 £ 204,785 2,159 (952 |
|---|---|---|---|
| 205,992 |
In addition to the expenditure analysed above, there are also governance costs of £624 (2023 - £Nil) which relate directly to charitable activities. See note for further details.
Page 12
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
5 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Mr S Tobi
Mr S Tobi received remuneration of £1,690 (2023: £1,690) during the year.
During the year following payments were made to the members of the councils: Mr S Tobi of £1,690 for commission.
Mr S Moses
Mr S Moses received remuneration of £11,725 (2023: £10,350) during the year.
During the year following payments were made to the members of the councils: Mr S Moses of £11,725 for religious services.
Mr S Joseph
Mr S Joseph received remuneration of £10,050 (2023: £11,865) during the year.
During the year following payments were made to the members of the councils: Mr S Joseph of £9,120 for cleaning services and £930 for commission.
No trustees have received any reimbursed expenses from the charity during the year.
Donations made by the trustees without any conditions attached totalled £3,000 for the year (2023 - £3,000).
6 Independent examiner's remuneration
| Other fees to examiners The examining of accounts of any associate of the charity |
2024 £ 624 |
2023 £ 528 |
|---|---|---|
Page 13
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
| 7 Tangible fixed assets Cost At 1 August 2023 At 31 July 2024 Depreciation At 1 August 2023 Charge for the year At 31 July 2024 Net book value At 31 July 2024 At 31 July 2023 |
Land and buildings £ 1,439,439 1,439,439 - - - 1,439,439 1,439,439 |
Furniture and equipment £ 70,935 70,935 58,703 1,835 60,538 10,397 12,232 |
Total £ 1,510,374 |
|---|---|---|---|
| 1,510,374 | |||
| 58,703 1,835 60,538 1,449,836 1,451,671 |
£287,883 out of £1,439,439 freehold property is represented by unrestricted funds. All fixtures and fittings are represented by unrestricted funds. For the time being, the charity is renting out its premises at 117 Clapton Common to another Jewish community. 117 Clapton Common is not regarded by the trustees and Council as as investment property and the property is therefore carried at historical cost in the financial statements.
Page 14
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
| 8 Debtors Trade debtors Other debtors 9 Creditors: amounts falling due within one year Rental deposit held Accruals 10 Creditors: amounts falling due after one year Loan from Kadimah |
2024 £ 5,000 11,607 16,607 2024 £ - 24,051 24,051 2024 £ 28,369 |
2023 £ 5,000 11,607 |
|---|---|---|
| 16,607 | ||
| 2023 £ 2,600 15,980 |
||
| 18,580 | ||
| 2023 £ 28,369 |
Page 15
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
| 11 Funds Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 August 2023 £ (521,367) (1,151,556) (1,672,923) Balance at 1 August 2022 £ (514,324) (1,151,556) (1,665,880) |
Incoming resources £ (292,772) - (292,772) Incoming resources £ (224,372) - (224,372) |
Resources expended £ 277,796 - 277,796 Resources expended £ 217,329 - 217,329 |
Balance at 31 July 2024 £ (536,343) (1,151,556) |
|---|---|---|---|---|
(1,687,899) |
||||
Balance at 31 July 2023 £ (521,367) (1,151,556) |
||||
(1,672,923) |
Page 16
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Notes to the Financial Statements for the Year Ended 31 July 2024
12 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted funds General £ 298,280 290,483 (24,051) (28,369) 536,343 Unrestricted funds General £ 300,115 268,201 (18,580) (28,369) 521,367 |
Restricted funds £ 1,151,556 - - - 1,151,556 Restricted funds £ 1,151,556 - - - 1,151,556 |
Total funds £ 1,449,836 290,483 (24,051) (28,369) 1,687,899 Total funds at 31 July 2023 £ 1,451,671 268,201 (18,580) (28,369) 1,672,923 |
|---|---|---|---|
Page 17
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Detailed Statement of Financial Activities for the Year Ended 31 July 2024
| Income and Endowments from: Donations and legacies (analysed below) Other income (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2024 £ 39,387 253,385 292,772 (12,408) (265,388) (277,796) 14,976 14,976 1,672,923 1,687,899 |
Total 2023 £ 33,872 190,500 |
|---|---|---|
| 224,372 | ||
| (11,337) (205,992) (217,329) 7,043 7,043 1,665,880 1,672,923 |
Page 18
CONGREGATION OF ADEN JEWS IN THE UNITED KINGDOM
Detailed Statement of Financial Activities for the Year Ended 31 July 2024
| Donations and legacies Donations Received Other income Rental Income Raising funds Management fees Charitable activities Water rates Light, heat and power Insurance Catering & Food Repairs and renewals Telephone and fax Educational & Religious Services Trade subscriptions Charitable donations Security Expenses Cambridge Symposium Sundry expenses Cleaning Advertising Bank charges Depreciation of freehold property Independent examiner's fee Legal and professional fees |
Total 2024 £ 39,387 39,387 253,385 253,385 (12,408) (12,408) (8,000) (14,443) (7,346) (56,738) (52,959) (547) (59,920) - (7,491) (13,296) (2,490) (180) (38,969) (90) (460) (1,835) (624) - (265,388) |
Total 2023 £ 33,872 |
|---|---|---|
| 33,872 | ||
| 190,500 | ||
| 190,500 | ||
| (11,337) | ||
| (11,337) | ||
| (5,000) (14,064) (9,222) (50,729) (30,168) (420) (35,450) (3,000) (13,610) (758) (10,000) (2,774) (29,245) - (345) (2,159) (528) 1,480 (205,992) |
Page 19