Charity regi¥tration nurnber 303093 (England and Wal> ISLEWORTH EXPLORERS CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
ISLEWORTH EXPLORERS CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustoès The trustees S Devlin- Chair of Ihe Truslees L McGrandles- Vice Chair ol the Trustees S Parker N M Subeathar Charlty number 303093 Principal office Twckenham Road Isleworth Middlesex TW7 7EU Independent examlner Hitesh Gadhia ACA 43 Manchester Slreet London W1U 7LP
ISLEWORTH EXPLORERS CLUB CONTENTS Page Tnjstees. feport Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 6-14
ISLEWORTH EXPLORERS CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report and financial ststements for the year ended 31 August 2025. The financial statements have been prepared in accordanc£ with the accountsng poliaes set out in note 1 to the financial statement5 and cornpty with the Charity's goveming document. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland. and the Charities SORP 'Accounling and Reporting by Charities. Statement of Recommended Piacbce applicable to charthes preparing their accounts in accordance with the Finanaal Reporting Standard appIable in the UK and Republic ol Ireland IFRS 1021.. Oblectlves and actlvltles Isleworth Explorers Club is 8 purpose buitt youth e8ntre which prtsvi(J&s a rdnge of activit$ for youn9 people wthin the age range of 4 to 24 years. The ejub provides youth Sess$ lor juniofs15-121 and seniorsl12-161.and children with special needs and disabilities15-141.we also run a childcare project lor ages 4 10 11 incorporating a breakfast club. an after school club and a holiday play scheme.There is also a transibon dub for ages 14 10 24. Additionalty. we have an out of dub programme offering day trips to all groups. The aim of the club is lo prornote the social wellbeing of members who are residents in or near the London Borough of Houn$low, an¢J lo encourage their physical, m&ntal and moral development $0 that they may grow lo full maturity os indlvidu8ls and members ol so¢ioty. The club also aims to provide actNities lo the young that promote a healthy lifestyle. The dub has designed programmes to develop health and fthess in a safe environment. A¢hlevements #nd rformanc* We had a full year ol adivities. Finances were steady wth the main ContribUOnS Irom - Grants £151,526, After School Club £92,70S, Buttercup Nursery £62,873, Breakfast Club £23.889 and Playscheme £S9,SLYJ. The club enjoys mernbership ol London Youlh. the o)unty ass0rAatn. and The National Assocjalion of Clubs for Young People. Flnanelal r•vl•w The club 15 reliant on donations and granls. the income5 from which were £151.526 12024.. £82.9861. Incoming re$ource5 Irorn activities for 9eneraling fvnds were £256.63512024". £246.2341. For the year ended 31 August 2025. a defi¢it of £67,231 12024. surplus of £7.8571. Al the end r)f the finanal year net ¢urienl assets were £30,725 12024. £91,446). Plans for future perlods The club is totalty sell funded and heavily reliant on grants and donations from ¢haritab tru$ts and others. The trustees and the dub leader will continue to play a leading rtsle in thè ongoing search fo¥ funds to enable the club tts continue its vrtal work for the communrty. A professional Ivnd-raiser is employed. The Club Leader has kept on top of the maintenance woth and statutory requ1mentS at the club and has continued to ensure Ihat the vehicle5 are fvlty ready for use. He has also produced a handbook to act a5 8 guide for new mernbers of stsff and volunteers and as a poinl ol reference for established staff. The dub has opened most aa$ now and the Transition Project sUMed working young disabled people. Numbers of members attending Junior and Senior Clubs are very promising. The dub is facing rising costs and has taken robusl measures to wunter this by increasing our prices in selected areas.
ISLEWORTH EXPLORERS CLUB TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Struetur•. gov•mane• and manag•m•nt Isleworth Explorers Club is a voluntary youth organisation which was offirialty opened on 20 October 1969. Thè club is an unincorporated trust and is 9ovemed by ts con5trtulion. It becAme a registered charity on 8 Juty 1968, numbei 303093. Trustees are elected and are responsible for the overall govemance of Ihe club. The club has S trustees who form the management committee which meets with the club leader on a frequent basis to review the club's areas of activity 8nd formulate strategy. The dub employs 16 members ol staff." it also beneffits from the support provided by 2 volunteers. The club leader Is responsible to the management committee for the day to day operat¥)ns of the dub. The Trustees who served during the year and up to the date of snatUre of the financAal statements were.. Mr S Devlln L McGrandles- Vice Chair of the Trustees S Devlin - Chair of the Trustees N M Subeathar (Appoinled 13 October 20251 R•$¢rv$¥ Poll¢y The dub has in place a resee$ poly lo meel unexpected demands on its finances and to provide for unforeseen opportunities. The level of reserve5 is reviewed and set by Ihe management cornrnittee at the AGM. but is also monitored during the year al our quarterty meebngs. The amount ol re5erve5 15 based on history 8nd forec8515 of future income end expenditure. £35.000 was allo¢aled as restrrves for Iht financial year based on 2-3 months •xp•ct8¢J running eo$l$. The Trustees, report was approved by the BoaTd of Trustees. L McGrandles- Vice Chair of the Trustees S DWin- Chair of th¥ Tw$16 Trustee Th18ts• 2 June 2026
ISLEWORTH EXPLORERS CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLEWORTH EXPLORERS CLUB I report to the Trustees on my examination of the finanoal statements of Isleworth Explorers Club (the Charity) for the year ended 31 August 2025. Responsibilities and basis of report As the Trustees of the Charity you are responsible for Ihe preparats.on of the ffinancial statements in accordance the requirements of the Charities Act 2011 Ithe 2011 Acti. I report in respect of my exarnination of the Chanty's financjal statements Caled oul undef section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the 2011 Act. Independènt •xamlnèVs stst•m•nt I have completed my examination. I confim that no matters have come to my attentmjn in connection with the examination giving me cause to believe thal in any malerial respect.. accounting records were nol kept in respect of the Charity as required by section 130 of the CharitiesAct 2011. the financial ststements do not accord wrth Ihose records". or the finanaal statements do not compty wlh the applicable requ1men1S conceming the fom and content of financial statements set oul in the Charities IAccounts and Reporlsl Regulations 2008 other than any requirernenl that Ihe finanri815tatements gwe a twe and fair view. which is not a matter considered as part of an independent examination. I have no concems and have comè across no other matters In connection with the examination to which attention should b6 drawn in this report in ordèr to enable a proper understandin9 of the financial statements to be reached. Dgl¥d.. 2 June 2026 Hitesh Gadhia ACA Independent Examiner 43 Manchester Street London W1U7LP
ISLEWORTH EXPLORERS CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted Restrlcted lunds funds 2025 2025 Total Unrestrlcted Restrlcted fund8 funds 2024 2024 Total 202S 2024 Notès Income from: Donations and legacies Investments 257,025 151,526 408,551 246.234 261 82,986 329,220 261 Total Incorn? 257.025 151.526 408.551 246.495 82.986 329.481 Expendlturg on.. Raising funds Charitable 8¢tivilie$ 15.148 291,108 15.148 480,634 8.315 238,323 8,315 313,309 169,526 74,986 Total •xp•ndlturn 306,256 169,526 475.782 246.638 74.986 321,624 N•t Ineom•ll•xp8ndltur•l and movement In funds 149,231) I18,OL} 167.231} 11431 8,000 7,857 Reconclllatlon ol funds: Fund balan¢e$ al 1 Seplemb8r 2024 359.893 18,OLTh) 377.893 380.038 10.000 370,036 Fund balance8 at 31 August 2025 310.862 310.862 359.893 18.000 377.893 The statement of financial activibes indudes all gains and losses recognised in the year. All income and expenditure derive frorn continuing activities.
ISLEWORTH EXPLORERS CLUB BALANCE SHEET AS AT31 AUGUST2025 2025 2024 Notes Flxed assets Tangible assets 12 279.937 286,447 Currnnt assèts Stocks Cash at bank and in hand 13 1.266 38.238 606 101,774 39.504 102.380 Cr•dltors'. amounts lalllng du¢ vAthln one year 14 {8.779} 110,9341 Net current assets 30.725 91,446 Total a88et8 le88 curr•nt IlabllSlle8 310.662 377,893 Net a8•et• excludlng pen•lon Ilablllty 310.662 377,893 Thè lund8 of thè Chaty Restricted incorne ftjnds Unrestricted funds 15 18.000 359,893 310,662 310.662 377,893 The financial statements were approved by the Trustees on 2 Jun8 2026 S Devlin - Chair of the Tru$lees Truste•
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aecountlng pollel•s Charfty Snforniatlon The charty is a public benefft entty and a wistered charrty in England and Wales and is unincorporated. The address ofthe prinapal office is TwenhaM Road, Isleworth, Middlesex. TW7 7EU. 1.1 Basis of preparation These finanaal statements have be•n prèpareil in comp4iancè wth FRS 102, 'Thè Finandal Reporting Standard applicable in the UK and Ihe Republic ol Ireland,, the Slatement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charibes SORP IFRS 10211 and the Charities Act 2011. The financial Statements have departed from Ihe Charitie5 (Accounts and Reports) Regulations 2008 only lo the èxtént rèquired to prov* a trve and lair view. Thi$ departurè has involved following the Statomenl of Recommended Practice lor charibes apptying FRS 102 rather than the version of the Statement of Recommended Practice which bs refe((ed to in Ihe RegulanS but which has since been withdrawn. The financial statements are prepared in slerling. which is the functional currency of the Charity. Monetary arnounts in these financial staternents are rounded lo the ne8rest £. The financial 518lemenls have been prepared under the historical ¢osl convention. Imodffied lo include the rtrvalualion ol freehold propèrties and to includè investment properties and certain financial instruments at fair valuel. Th8 princlpal accountln9 po16cl&s adopted are set out beknw. 1.2 Golng concern Th¥r& aro no mal¥rial UnrtaInl1¢S oboul the ¢haiity'$ abilty to continue. 1.3 Chadtable fund$ Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objectives. Restdct•d funds arè subject to specffic condilions by donors or grantors as to how Ihèy may be used. Thè purposes and uses of the restricied lunds are set out in the notes to the finanaal statements. 1.4 Ineom• Income is Cognised when Ihe Charity is legalty enlilled to it afler any perfomiance condrtions have been met, the amounis Can be measured reliabty. and il is probable Ihat incorne will be received. Cash donations are recognised on receipl. Other donations are recognised once the Charity has been notified of the donation. unless performance conditsons require deferral of the amount. Income tax recoverable in relation to donations receNe¢J under GfflAid or deeds of covenanl is recognised 8t the time of the don8tion. Legacies are recognised on receipt or OtheSe rf the Charity has been noiified of an impending distribution, the arnount is known. and receipt is expected. If 8mounl is not known. the legacy is tated as a conlin9ent asset.
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Continuedl 1.5 Exp•ndltur• Eypenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third paty. r( is probable that a transfer of enOMiC benefits will be iequired in settlement, and the amount of the obligation can be rneasured reli8bty. Expenditure is dassified by athvty. The costs of each adivrty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acbvity. Direcl costs attributable to a single activity are allocated directy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned befvleen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are alk)raleiJ on the portion of the assel's us&. 1.6 Tanglble Ilxed asJet• Tangible fixed assets are inrtialty measured at cost and subsequenty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to vnile off th& ¢ost or valuation of assets less their re$ldual value$ over thelr useful lives on the following bases.. Le8$ehold land and building$ Fixtures and fittings Motor v8hl¢le$ Over period of lease 2S% straight line 25% Straight line Th& gain orloss arising on the di4)osal of an o$sel is delemiin¢d 0$ the di11&nCe befvrfe•n th* sale pro¢&eds and th¥ carrying valu¥ of the assel. ana 1$ recognised in the $lalem&nl of finanoal a¢tivitie$. 1.7 Impalrment of Ilxed as¥els At each porting end date, the Charity vIewS Ihe carying amounts of ils tangible assets to detemine whether there is any indication Ihal those assets have sUffed an impaimient loss. If any such indication exists, the recoverable afflount of the asset is esbmated in order to determine the extent ol the impairment loss lif any). 1.8 stocks Stocks are stated at the lower of cost and estsmaled selling price less costs lo compl&t& and sell. Cost compnses direct matenals and, where applicable. direct labour costs and those overheads that have been incurred in bnnging (he stocks lo their present locabon and condition. Items held for distribution at no or nominal consideratn are measured the lower of replacement cosl and cosl. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and disiribution. 1.9 Cash and cash eguivalents Cash and cash equivalents indude cash in hand. deposiis held at call with banks. other short-term liquid investments wrth original maturities of months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowngs in current liats'lities. B?si¢ financiTal assets Basic finanaal assets, which indude debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the arrangement con$tluteS a financing transaction. where the transaction is measured al the present value of the fithire receipt5 discounled at a market rate of interest. Finan¢i818ssels classified as receivable within one yeai a not amorts"sed.
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic finanrial liabilities. induding credrtors and bank loans are inrtially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instwment is measured at the present V81ue of the future payment5 discounted at a market rate of inlere51. Fin8nryal li8bilities classified 85 Payable wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 8re dassified as current liabilities if payment is due wlhin one year or le$5. If not. they are presented a5 non-current liabilities. Trade creditor5 are recogni$ed inth'ally 81 transactKJn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial li8bililie5 are derecognised whtrn the Charty's ¢ontradu81 obligations trxpire or are dis¢harged tsr ¢8ncelled. crttlcal accounng 88tlmat•s and ludg•m•nts The preparation of the financial stalements requires managemenl to make judgements, estimates and assumptions Ihat affect the arnounts reported. These estimates and judgements are continually reviewed and are based on experience and olher tsctors. induding expectation8 of fvture events that are believed lo be r¥asonable undèr thè ¢if¢um$lan¢es. Ineomè from donatlon8 and1•9aele• Unrestrlcted Restrlcted lunds funds 2025 2025 Total Unrestrlcted Restrlcted fund8 fund8 2024 2024 Total 202S 2024 Voluntary income Activities for generating funds 39) 1S1,526 151.916 82.986 82,986 256,635 256.635 246,234 246,234 257,025 151,526 408.S51 246,234 82,986 329,220 Voluntary incom¥ Grants receivable Donations receivable 151,526 151.526 390 82.986 82.986 39] 151,526 151.916 82.986 82,986
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from donalions and legacies (Continuedl Unrestrlcted Restrlcted funds funds 202S 2025 Total Unrestslcted Restrlcted fund5 funds 2024 2024 Total 2025 2024 Activitie8 for generating fund8 Subscriptions Canteen and shop Breakfast dub Lettin9S After school clubs Playschemes Buttercup Nursery Dojo Hall Hire 9,692 3.768 23.689 3,407 92.7( 59,5C4J 62.873 1,OC4J 9.692 3,768 23.689 3,407 92.706 59.500 62.873 1.000 11.690 4.749 21.276 4.043 84.906 60.462 56.358 750 11,690 4,749 21,276 4,043 84.906 60,462 58.358 750 256,635 256.635 246.234 248,234 Ineom• from Inv•8tm•nt• Unre8trfcted Unrn8trlcted tund• fund¥ 2025 2024 Interesl receivable 261 Exp•ndltur• on rn18lng lund8 Unrestrtcted Unrestrlcted fund# funds 2025 2024 Fundralslng and publlclty Fundraising agents 15,148 8,315
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Exp•ndltur• on charltsbl• aetlvltl•s Charltable activities 2025 Charftable activities 2024 DSrect Costs Stsff costs Depreciation and irnpaiment Installation of solar panels Canteen purchases Purchases Closing stock Telephone After school clubs Breakfast dub Playscheme$ Motor vehicle expenses Office expenses - other Fee8 Sundry expenses Canteen Transition 215,930 6.510 124,653 606 3,359 11,2661 955 3,416 166 10,409 9,967 222,308 8.662 197 3,774 16061 2,157 3,070 347 10,741 6.902 978 3,410 1,248 5,899 2,431 299 218 384.543 261.188 8h¥r• of $upport ond gov•m•n¢• ¢o•t• l•w noto n Governan 76,091 52,121 460,634 313.309 Analy¥l¥ by fund Unrestricted funds Re$lri¢ted fvnds 291,108 169,526 238,323 74,986 460,634 313,309 10-
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support eosts allocat•d to aetlvltS•s 2025 2024 Rates and water Light & Heat Repairs & m8inlenance Insurance Other premise expenses Cleaning and caretaker Bookkeeping costs staff training Governance cost$ 20.742 13,129 19.272 7.207 8.891 12,847 9.350 6,779 1,572 4,386 3.953 277 3.571 7.940 679 7,617 76.091 52,121 Analy8ed between.. Chadtable actV8S 76,091 52,121 mov•m•ni In fundi 2025 2024 The nel movement in fvnd$ is Slalei1 aft&r ¢harginglleJei1itsn91: Fees payable for the independenl examination of ihe chari$ financial staternenls D¥prg¢ialion of own¥d 18ngible fixed ¥$sfjl$ 2.400 6,510 2,400 8,662 Tru8t¢trsTru$totr remunor¥tlon •nd 0xpenl Nonè ol the TrustÈeslor any person$ ¢onnectgJ wrth th¢ml r¢¢&ived any f¢mun¥ration or b¥ngfrt$ from tho Chanty dunng the year. 10 Employ•e8 The average monthty number of employees during the yearwas: 2025 Number 2024 Number 13 16 Employment co$t$ 2025 2024 Wage5 and salarie5 Soual security costs 206.345 9,585 211.928 10,380 215,930 222,308
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 10 Employees (Continuedl There were no employees whose annual remuneratK)n was more than £60.IKJO. Remuneratlon ol key management personnel The remuner8b.on of key management personnel w85 as follows= During the year ended 31 Mafd) 2024, no remunerat or expenses were party to the trustees in relation to their Involvement In the charitable actmties. Addrtionalty, no pension contributions were made by the club on behalf of the trustees 11 Taxation The chanty is e¥ernpl from tsxalion on its activrties because 811 rts income 15 appld for charitable purposes. 12 Tanglbl* flxèd a•$•t• L•M•hold Flxturos athd fftilth Motor hlcl Totsl bulldln Ct At 1 September 2024 463,464 79,885 70,121 613,470 At 31 August 2025 463,464 79,885 70.121 613,470 Oepreclatlon and Impalrment At 1 September 2024 DeprecAalion charged in the year 177,017 6.510 79,885 70,121 327,023 8.510 Al 31 August 2025 183,527 79,885 70,121 333,533 Carrylng omount At 31 August 2025 279,937 279,937 At 31 August 2024 286.447 288.447 13 Stocks 2025 2024 Flnished goods and goods for resale 1,266 606 12_
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 Cr•dltors'. amounts falllng du• wbthln on• yèar 2025 2024 Other tsxation and social security Trade creditors other credrtors Accruals and deferred income 3.292 2,134 612 2,741 2,147 8,787 8.779 10,934 15 Restrtcted lund8 The restricted fund5 of the charity comprise the unexpended balances of donations and grant5 held on trust subject lo specAfic condition5 by donors as to how they may be used. A11 S•pt•mber 2024 Incomlng r•8ourc•8 R*$our¢•s At 31 Augu¥t •xpend•d 2025 Cloth Workers balanc¢ Charities Trust 303093 City Bridge Trust- City of London VCSE Energy Efficitsncy S¢htrme Gr8nl 10.000 110,0001 1481 134,8251 1124.6531 48 26.82S 124.653 18.000 151.526 1169.5261 Prevlous year: At1 S•ptwnber 2023 Incomlng resources Resources At 31 August expended 2024 Cloth Workers balance Heathrow Community Charities Trust 303093 National Lottery- Awards forAII Ivia Brookland Funding Communty Organisation Cty Bridge Trust- City of London 10,000 10,000 138 48 11381 1481 19.950 49,075 13.775 119.9501 149,0751 15.7751 8.000 10.000 82.986 174.9861 18,000 13-
ISLEWORTH EXPLORERS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Unr•strSetod funds The unrestricted fijnds of the charity comprise the unexpended balances of donations and grants which are not Subject lo specific condition5 by donors and grantors as to how they may be used. These include designated lunds which have been set a5Kle out of unrestri(Xed fvnds by the trustees for specific purposes. At1 September 2024 Incomlng resources Resourc•$ At 31 August expended 2025 General fvnds 359.893 257,025 1306,2561 310,662 Pr¢vlou$ y*•r= At1 S•pt•mber 2023 Ineomlng re8ource8 R•$ourc•$ At 31 August •xpend•d 2024 General fvnds 380.036 246.495 1246.6381 359,893 17 Analy818 of n•t a•8•t8 b•tw••n fund• Unre•trl¢t¥d fund• 2025 AtrI¢l• fund8 2025 Total 2025 At 31 Augu8t 2026: Tangible assets Current assetsllliabilitiesl 279,937 30.724 279,937 30,724 310.661 310,661 Unrestrlcted fund8 2024 RtrIcted funds 2024 Total 2024 At 31 August 2024= Tangible assets Current assetsllliabilitiesl 286.447 73.446 288.447 91,446 18,000 359,893 18.000 377,893 18 Related party tran8a¢lion$ Therè werè no disdosable related party transadions during the year121)24- none). 14_