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2022-03-31-accounts

Name Office Committee Committee membership membership
Sophie Fernandes CC Chairman (from 24 February 2022) Grants, Nominations, Staff, Investment
Deputy Chairman (until 24 February
2022)
Chairman of Grants (until 24 March
2022)
John Hall Chairman (until 24 February 2022) Grants
David Hogben BEM Chairman ofAudit & Risk Audit
&.Risk, Nominations,		 Investment
Denise Jones Deputy Chair (from 24 February 2022) Grants, Nominations, Staff
Chair of Grants (from 24 March 2022)
Deputy Chair ofGrants (until 24 March
2022)
HH Brian Barker CBE QC Audit & Risk, Staff
Paul Bloomfleld (resigned 21October 2021) Grants, Staff
The Reverend Trevor Nominations, Investment, Staff
Critchlow
(ex-officio)
Helen Folorunso Deputy Chair of Grants (from 24 Grants, Nominations
March 2022)
The Reverend Laura Grants, Audit g Risk
Jergensen
(ex-officio)
Jenny Moseley Grants, Nominations, Investment, Audit &
Risk
Fancy Sinantha Appointed 24 February 2022 6ra nts
Ratidzo Starkey Grants, Investment
Sarwar Zaman Audit &.Risk, Staff

For the year ended 31March 2022
Pension Actuary Capita Hartshead Actuarial and Consultancy Services
(Formerly
called		 6issings Consultancy Services)
Ludgate
House
2nd Floor
245 Biackfriars Road
London
SE19UF
Accountants Myers Clark
Chartered
Accountants		 and Registered Auditors
Egale 1
80StAlbans Road
Watford,
WD17 1DL
Auditor Sayer Vincent LLP
Chartered
Accountants		 and Statutory Auditors
lnvicta
House
108-114Golden Lane
LONDON
EC1y OTL
Design Agency Red Stone
90-93Cowcross Street
Farringdon
LONDON
EC1M 6BF
Secure Web Hosting SystemCore
Ltd
The Lodge, Norney Grange
Elstead Road
Godalming
GU8 6AY

rants Programmes rants Programmes
Portal Trust's Schools F188,201
Grants to Organisations working with Trust's Schools F284,817
Other Institutions connected to the Trust E3,832,784
Organisations 1872,589
Individ uals E25,000
Returned
funds		 (F10,805)
TOTAL E5,186,186

[Organisation [Organisation Name Details Amount
Giants to Trust's Schools E188,201.00
Stepney All Saints Church Annual Trust Benefits E72,030.00
of England Secondary School
Stepney All Saints Church Iaptops for every pupil at the School fSS,000.00
of England Secondary School
Stepney All Saints Church iMac Suite - Virtual
Learning		 E30,000.00
of England Secondary School Environment
(VLE)
Aldgate School Annua
I Benefits		 E19,390.00
Aldgate School Proposal for Afghan
Children		 E7,425.00
Aldgate School New Signage for School f2,862.00
Aldgate School New Signage for School E1,494.00 '
Grants to Organisations working with the Trust's Schools E284,817.00 '.
Hampshire County Council ~ Helping disadvantaged
young		 people f103,000.00
' aged 9-18from the Trust's Schools
develop
life skills at the Argoed		 Lwyd
Outdoor Education
Centre.
The Samosa Curriculum
resources to mentor,		 f55,000.00
support
and empower
marginalised
young people across London
City University
of London		 Schools Engagement
Programme—		 E45,000.00
connecting
student
mentors		 from
Bayes Business School to local
secondary
schools, including		 Stepney
All Saints Church of England
Secondary School, providing I
mentoring
and coaching to year		 10to
13pupils.

Clios Company Clios Company Clios Company Clios Company Clios Company Clios Company Aphra
Behn and After - helping
school		 Aphra
Behn and After - helping
school		 E41,7SS.00
children,
including
those at the Trust's
Secondary School, discover the work
ofAphra
Behn, the first professional
woman
playwright
The World Reimagined The World Reimagined
- Learning		 F40,062.00
Programme:
Telling the history of		 the
Transatlantic
Slave Trade
Grants to Trust Institutions E3,832,784
The London College of Fashion ATen-year Programme
to support		 the 63,800,000.00
Portal Centre for Social Impact at
Poplar Works, Tower Hamlets and at
East Bank, Stratford
The Charterhouse The Charterhouse
learning
and		 E32,784.00
engagement
programme
at the Portal
Trust Learning
Centre
Grants to Organisations 6872,589.00
Kings Edward's School, Witley The Portal Trust Bursary Scheme E71,429.00 '
Institute of Education, University Promoting
the Education,		 E62,993.00
College London Employment
and Training of Care
Leavers
Haggerston School ASpace - Improving
Students'		 E40,930.00
Wellbeing
National Youth Theatre Training that uses drama to re-engage E40,000.00
young people aged 19-24who are not
in education,
employment
or training
and who face significant
life
challenges.
Hoxton Hall Let the music play
—extending
our		 E39,000.00
music studio offer to 19-24year olds~
Debate Mate Limited ' Helping disadvantaged
young people		 E31,000.00
aged 9-18 from seven London schools
engage with and stay in education
through
a programme
to help them
realise their potential
and
acquire		 key
life skills.
Independent Film Trust Supporting
young People 18-2Sto		 E30,000.00
access skills training for film &
television.
. Lyric Theatre, Hammersmith START programme,
using drama to		 E30,000.00
support 16-21year olds to reengage
in education,
employment
or training
' Rich Mix Pic 'n' Mix: Film Education E30,000.00
Programme
in Tower Hamlets
Saracens Sports Foundation Get Onside
- rugby and employability		 630,000.00
programme
at HMP Feltham
YOI
j University of Westminster Care Leaver Completion
bursaries
I 2021-2023		 E30,000.00
Portal Trust Undergraduate E30,000.00
Cambridge
University
Scholarship

Mountview Mountview Academy ofTheatre Arts Academy ofTheatre Arts Academy ofTheatre Arts Academy ofTheatre Arts Academy ofTheatre Arts Academy ofTheatre Arts Bursary programme
to widen the		 E28,898.00
particpation
ofdisa dvanatged
young
people in theatre and dance
Goldsmiths, University of London Supporting
the universities
bursaries		 E27,0D0,00
programme
for ethnic minority
students
Oasis Children's Venture The Right Track Project: empowering E25,000.00
disenfranchised
young people to
reach their potential
Refugee Education UK Access to further education
for young		 E25.0D0.00
asylum
seekers and refugees
The Old Vic Theatre Take the Lead programme
for 16-18		 E25,000.00
year olds - using theatre techniques
and workshops
to support
employability
&social mobility
Future Frontiers Supporting
disadvantaged
young		 E23,737.00 '
people
in Inner London to fulfil their
potential
BIGAlliance: Mentoring
Works-		 E20,000.00
pairing young people
in Islington
with
mentors from the Business
community "--I
MygigCareer Careers Education,
Advice, for young		 E20,000.00 I
disadvantaged
Londoners
The Frontline Organisation Coaching for newly qualified
social		 E20,000.00
workers
Caritas Anchor House Community
Partnerships		 E19,999.00
- Education
Training
and Employment
The Economist Educational Foundation Topical Talk - a current
affairs		 E16,758.00
programme
of study for primary
and
secondary
school pupils
The Postal Museum Sort it! - Literacy & numeracy
project		 E16,615.00
for primary
aged children
Ministry of Stories Creative writing project for children E15,000.00
aged 8-12
Peckham Platform Youth Platform —an after school arts E15,000.00
programme
for young people
Young Urban Arts Emotional
Wellbeing
Through
Lirban		 F148591.00
Arts
Roundhouse Trust Roundhouse
Community
Programme		 E10,000.00
Summer 2022
Scarabeus Aerial Theatre Flying into Physics - Teaching
physics		 E10,000.00
via aerial Theatre
The AHOY Centre Charity Sailing For All - a school programme E10,000.00
that targets disadvantaged
young
people who are aged 8-16
Cambridge House and Talbot RISE, a truancy prevention
project in		 69,986.00
Southwark

Barrier Breakers Foundation Barrier Breakers Foundation Barrier Breakers Foundation Barrier Breakers Foundation Soft Skills for Employability: E9,825.00
Training for young people
in inner
London
Face Front E8,250.00
Digital roll-out ofTheatre
in
Education
projects -conversion		 of
three successful Theatre
in Education
projects into interactive
digital
resources for primary,
secondary		 and
SEN schools.
' Southbank Sinfonia Opening
up pathways
to an orchestral		 E6,910.00
career for disadvantged
young		 people
Number Champions Primary school maths support E6,500.00
London Music Fund Young Musicians
Scholarship		 E6,000.00
Programme
Prisoners' Education Trust Reducing
Reoffending
and Increasing		 ES,380.00
Employment
Opportunities:
Education
for Young Prisoners		 from
inner London
Fitzrovia Youth in Action Peer Education
Programme
for		 young ES,000.00
people
in Camden
Building Crafts College Sponsored
prize and trophy for		 E368.00
!
Grants to		 individuals prizegiving
event		 625,000.00
Returned or cancelled commitments (E10,805)
TotaIgra nts E5,186,186

Unrestricted Unrestricted
Permanent 2022 2021
General Designated Restricted Endowment Total Total
Note E E E E E
Income from:
Donations
and legacies		 3 209
Investments 7,913,912 7,913,912 7,892,895
Other 5 40,017 40,017 46,301
Total income 7,953,929 7,953,929 7,939,405
Expenditure
on:
Generating
funds		 281,268 281,268 I 77,795
Charitable
activities
Promotion
ofeducation		 9,625,889 9,625,889 5,879,182
Other 4,000 4,000 10,000
Total expenditure 6a 9,911,157 9,911,157 6,066,977
Net income/(expenditure) before net
gains/(losses)
on investments		 (I,957, 2 2 8) (1,957,228) 1,872,428
Net gains/(losses)
on investments		 13,14 151,655 2,407,679 2,559,334 82,019,457
Net income/(expenditure) before
transfers (1,805,573) 2,407,679 602,106 83,891,885
Transfers 19 131,695 (131,695)
Net income/(expenditure) before
other recognised
gains and losses		 (1,673,878) (131,695) 2,407,679 602,106 83,891,885
Gains on revaluation
offixed assets
Actuanal
gains on defined		 benefit
pension
schemes		 17 1,596 1,596 224,692
Net movement
in funds		 (1,672,282) (131,695) 2,407,679 603,702 84,116,577
Reconciliation
offunds:
Total funds
brought
Forward		 7,318,204 8,569,238 250 248,098,787 263,986,479 179,869,902
Total funds carried forward 5,645,922 8,437,543 250 250,506,466 264,590,181 263,986,479

Balance sheet Balance sheet Balance sheet
As at 31 March 2022
2022 2021
Note 6 f
Fixed assets:
Tangible
assets		 l2 58,904,427 58,910,966
Investment
properties		 13 151,880,000 151,880,000
Investments 14 48,897,859 46,275,757
259,682,286 257,066,723
Debtors
receivable		 in more than one year:
Rental income receivable 15 4,781,148 4,912,843
Current assets:
Debtors 15 1,160,641 569,150
Cash at bank and in hand 3,205,335 2,015,047
4,365,976 2,584,197
Liabilities:
Creditors: amounts falling due within one year 'I6 (2,662,229) (384,284)
Net current assets 1,703,747 2,199,913
Creditors: amounts falling due after one year
Grants
payable		 16 1 400000
Net assets excluding pension liability 264,767,181 264,179,479
Defined
benefit
pension		 scheme liability 17 (177,000) ( I 93,000)
Total net assets 264,590,181 263,986,479
The funds ofthe charity: 19a
Permanent
endowment		 funds 250,506,466 248,098,787
Restricted
income		 funds 250 250
Unrestricted
income		 funds:
Designated
funds		 8,437,543 8,569,238
General funds 5,645,922 7,318,204
Total unrestricted funds 14,083,465 I 5,887,442
Total charity funds 264,590,181 263,986,479

For the ear ended 31 March 202 2
2022 2021
F. 8
Net income/&expenditure)
for the		 reporting period 602,106 83,891,885
(as per the statement
of financial		 activities)
(Gains)/losses
on investments		 (2,559,334) (82,019,457)
Gains on pension
valuation		 1,596 224,692
Dividends,
interest
and rent from		 investments (4,058,292) (4,037,275)
Depreciation 17,875 17,875
Increase in debtors (459,796) (1,134,191)
Increase in creditors 3,677,945 (97,046)
Decrease in pension
liability		 (I6,000) (251,000)
Net cash (used in) operating
activities		 (2,793,900) (3,404,517)
Cash flows from investing
activities:
Dividends, interest
and rents from investments		 4,058,292 4,037,275
Purchase oftangible
fixed assets		 (I 1,336) (5,095)
Proceeds from sale of investments 43,747,298 3,166,942
Purchase of investments (43,988,113) (3,663,686)
Net cash used provided
by investing		 activities 3,806,141 3,535,436
Change
in cash and cash equivalents		 in the year 1,012,241 130,919
Cash and cash equivalents
at the beginning		 ofthe year 2,213,668 2,082,749
Cash and cash equivalents
at the end		 ofthe year 3,225,909 2,213,668
Analysis ofcash and cash equivalents
Other
At 31 March
At I Apnl 2021 Cash flows changes
2022
8 l f
Cash at bank and
in hand		 2,015,047 1,190,288 3,205,335
Cash held as part of investments 198,621 (I78,047) 20,574
Total cash and cash equivalents 2,213,668 1,012,241 3,225,909

Detailed c ompara tiv es
 fo r t he statements offinancial
ac		 tivities tivities
Unrestricted 2021
General
l		 Designated Restrictedl Endowmentl Total
f.
Income from:
Donations and legacies 209 209
Investments 7,892,895 7,892,895
Other 46,301 46,301
Total income 7,939,405 7,939,405
Expenditure on:
Generating funds I77,795 177,795
Charitable activities 5,879, 182 5,879,182
Other 10,000 10,000
Total expenditure 6,066,977 6,066,977
Net expenditure before losses on Investments 1,872,428 1,872,428
Net losses on investments 799,828 81,219,629 82,019,457
Net income / (expenditure) before transfers 2,672,256 81,219,629 83,891,885
Transfers (741,346) 741,346
Net income / (expenditure) before other recognised
gains and losses 1,930,910 741,346 81,219,629 83,891,885
Gains on revaluation of fixed assets
Actuarial
gain on		 defined benefit pension scheme 224,692 224,692
Net movement
in		 funds 2,155,602 741,346 81,219,629 84,116,577
Total funds brought forward 5,162,602 7,827,892 250 166,879,158 179,869,902
Total funds carried forward 7,318,204 8,569,238 250 248,098,787 263,986,479
Income from donations and legacies
2022 2021
Totall Total
209
209
Income from investments
2022 2021
Totall Totall
Interest received 279 500
Dividends 1,538,512 1,518,982
Rental income 2,519,50i 2,517,793
Rent free accommodation 3,855,620 3,855,620
7,913,912 7,892,895

2022 2021
Total Total
E
Administration for other grant giving charities 37,500 33,332
Other property
income
Coronavlrus
job retention		 scheme grant 2,517 7,525
5,444
40,017 46,301

Analysis
of expe		 nditure
(c		 urrent year}
Cost of
generating Promotion
of		 Covernance Support 2022 202i
funds education cost's costs Other Total Total
6 f 5
Staff costs (Note 9) 68,308 119,602 102,504 119,602 410,016 41i,776
Crants
payable (Note 7)		 5,186,186 5,186,186 1,382,614
Rent free accommodation (Note 7) 3,855,620 3,855,620 3,855,620
Maintenance
of		 invesunents 7,873 7,873 8,012
Office. costs 30,717 303,071 333,788 318,911
Professionalfees 103,648 1,575 105,223 66,144
Auditors'
remuneration		 8,050 8,050 13,900
6oard members' travel 401 401
Pension
scheme		 —interest cost 4.000 4,000 10,000
210,546 9,161,408 110,955 424,248 4,000 9,911,157 6,066,977
Support costs 70,722 353,526 (424,248)
Governance
costs		 110,955 (110,955)
Total expenditure 2022 281,268 9,625,889 4,000 9,911,157
Total expenditure 2021 177,795 5,879,182 10,000 6,066,977

Analysis of expen diture
(p		 nor year)
Cost of
generating Promotion
of		 Governance Support 2021
funds
l		 education
8		 costsf costs
5		 Other Total
2
Staff costs (Note 9) 68,602 120,115 102,944 120.1 1 5 411.776
Grants payable
(Note 7)		 1,382,614 1,382,614
Rent free accommodation (Note 7) 3,855,620 3,855,620
Mamtenance
of mvestments		 8,012 8,012
Office costs 314 318,597 318,911
Professional
fees		 25,656 28,023 12,465 66,144
Auditors'
remuneration		 13,900 13,900
Board members' travel
Pension scheme —interest cost 10.000 10,000
102,584 5,358,349 144,867 451,177 10,000 6,066,977
Support costs 75,211 375,966 (451,177)
Governance
costs		 144,867 (144,887)
1otal expenditure 2021 177,795 5,879,182 10,000 6,066,977

2022 2021
f f
Promotion of education
Grants to institutions 5,161,186 1,364,364
Grants to individuals 25,000 18,250
5,186,186 1,382,614
Rent free accommodation
Grants to institutions 3,855,620 3,855,620
9,041,806 5,238,234
Details of grants
awarded		 are set out in the Report of the Governors.
Net Incoming resources for the year
This is stated after charging / crediting.
2022 2021
f
Depreciation 17,875 17,875
Auditor's
remuneration		 (excluding VAT):
Current year 10,550 10,050
Under/(over)-accrual in previous year (2,500) 3,850
2022 2021
f
Salaries and wages 338,723 339,976
Social security costs 32,672 32,671
Employer's contribution to defined contribution pension schemes 38,621 39,129
410,016 411,776
2022 2021
No. No.

The average The average number of employees number of employees (head count based on number of staff employed) during the year was as follows:
2022 202i
No. No.
Generating funds 1.35 1.33
Promotion of education 1.82 1.80
Administration for other grant giving charities 0.54 0.53
Support 2.36 2.33
Governance 2.01 2.00
8.08

Tangible fixed assets
Freehold Property Fixtures,
Fittings and
Art Charitable Use Own Use Equipment Total
E f.
At valuation/cost
At the start ofthe year 2,906,395 53,670,000 2,313,452 85,978 58,975,825
Revalued
in year
Additions 11,336 11,336
At the end ofthe year 2,906,395 53,670,000 2,313,452 97,314 58,987,161
Depreciation
At the start and end of the year 64,859 64,859
Charged
in year		 17,875 17,875
Atthe end ofthe year 82,734 82,734
Net book value
At the end ofthe year 2,906,395 53,670,000 2,313,452 14,580 58,904,427
At the start of the year 2,906,395 53,670,000 2,313,452 21,119 58,910,966
Historic cost —additions 801,621 97,314 898,935

Listed inve st ments
2022 2021
f E
Fair value at the start of the year 46,077,136 37,745,935
Additions at cost 43,988,113 3,663,686
Disposal proceeds (43,747,298) (3,166,942)
Equalisation (4,559)
Net gain/(loss)
on change		 in fair value 2,559,334 7,839,016
48,877,285 46,077, 136
Cash held by investment broker pending reinvestment 20,574 198,621
Fair value at the end of the year 48,897,859 46,275,757
2022 202 i
Investments comprise: f f
Corporate Bonds 4,925,389
UK Equities 6,722,594
Global Equities 25,328,2 I 3
Alternative Investments 108,951 3,284,586
Property 4,326,186 3,775,984
Multi Assets 44,442,148 2,040,370
Liquid Assets
Cash 20,574 198,621
48,897,859 46,275,757

The Trust used to operate
an unfunded		 used to operate
an unfunded		 used to operate
an unfunded		 defined benefit pension benefit pension benefit pension benefit pension scheme scheme for employees employees employees employees of the Trust. This Trust. This scheme scheme was was
closed to new members
in 1990.There		 are currently three members, all retired, and all obligations which exceed the
accounted for liability are met out of unrestricted reserves. The pension provision is reviewed for its adequacy annually
at the balance sheet date by a recognised
firm		 of actuaries. The outstanding liability was estimated using FRS 102
methodology with the following
assumptions
2022 2021
X per annum 7 per annum
Principal
actuarial
assumptions
at the balance sheet		 date
Discount rate applied 2.7 2.0
Future
pension		 increases 2.5 2.5
Mortalny
tables		 53PxA 53PxA
CMI 2021 CMI 2019
1.25% pa 1.2%pa
History of experience gains and losses
Experience
Percentage		 gain/(loss)
of present		 ansing
on scheme
liabliues
value of scheme
liabilities		 (14,000)
-7.9%		 230,000
119.2%
Change
in		 assumptions underlying
the		 present value of scheme liabilities gain/(loss) 13000 (7 000)
Percentage of present value of scheme liabilities 7.3% —3.6%

2018 2019 2020 2021 2022
f'000 f'000 f'000 f'000 f'000
616 574 444 193 177
Analysis of net assets between funds (current year)
Permanent
General Designated Restricted endowment Totalfunds
f f f
Tangible fixed assets 14,580 2,906,395 55,983,452 58,904,427
Investment
properties		 151,880,000 I51,880,000
Investments 6,254,845 42,643,014 48,897,859
Debtors receivable
& 12 months		 4,781,148 4,781,148
Net current assets 953,497 750,000 250 1,703,747
Creditors & 12 months (1,400,000) (1,400,000)
Defined benefit
pension		 liability (I 77,000) (I77,000)
Net assets at the end of the year 5,645,922 8,437,543 250 250,506,466 264,590,181
Analysis of net assets between funds (prior year)
Permanent
General Des ig nated Restricted endowment Total funds
f f f f.
Tangible fixed assets 21,119 2,906,395 55,983,452 58,910,966
Investment
properties		 151,880,000 I51,880,000
Investments 6,040,422 40,235,335 46,275,757
Debtors receivable
& 12		 months 4,912,843 4,912,843
Net current assets 1,449,663 750,000 250 2,199,913
Defined benefit pension liability (193,000) (I93,000)
Net assets at the end ofthe year 7,318,204 8,569,238 250 248,098,787 263,986,479

19a Movements
in funds		 (cu rrent year)
At 31 March Income & Expenditure At 31 March
2021
l		 gains & losses
f		 Transfers
f		 2022
f
Restricted
funds:
Dept of Art, Architecture & Design at
London
Ivletropolitan		 University 250 250
Total restricted
funds		 250 250
Unrestricted
funds:
Designated
funds:
Art reserve 2,906,395 2,906,395
Rental
income reserve		 4,912,843 (131,695) 4,781,148
Grant enabling
fund		 750,000 750,000
Total designated
funds		 8,569,238 (131,695) 8,437,543
General
funds		 7,318,204 8,107,180 (9,911,157) 131,695 5,645,922
Total unrestricted
funds		 15,887,442 8,107,180 (9,911,157) 14,083,465
Endowment
funds		 248,098,787 2,407,679 250,506,466
Total funds 263,986,479 10,514,859 (9,911,157) 264,590,181
19b Movements
in funds		 (prior year)
At
I April		 Income & Expenditure At 31 March
2020
l		 gains
f		 & losses
f		 Transfers
l		 2021
l
Restricted
funds:
Dept of Art, Architecture & Design at
London
Metropolitan		 University 250 250
Total restricted
funds		 250 250
Unrestricted
funds:
Designated
funds:
Art reserve 2,906,395 2,906,395
Rental
income reserve		 4,171,497 741,346 4,912,843
Grant enabling
fund		 750,000 750,000
Total designated
funds		 7,827,892 741,346 8,569,238
General
funds		 5,162,602 8,963,925 (6,056,714) (741,346) 7,318,204
Total unrestricted
funds		 12,990,494 8,963,925 (6,056,714) I5,887,442
Endowment
funds		 166,879,158 81,219,629 248,098,787
Total funds 179,869,902 90,183,554 (6,056,714) 263,986,479

ants agree ants agree ants agree ants agree
Dominations by The Portal Fees and/or paid In the Benefits re«elved In Total grants and benefits
~elated Trust to Board of related a recwved Ibc eaf received In Ihe
ar
The Aldgate School Freehold ofth 5 h I n dby rg (30.365 2507.278 f537,643
tbe Trust 8 dy
Step
Sc		 yABS
dWSI		 t
Ch		 hofE gl d F
rh		 h
Id
fth
T
r		 schoDI owned by Five members
8 dy		 of rhe Coverning EO 1152,030 «2,494,925 22,646,955
Aldgat
d		 AuhNfow F dail 5h fh ass d d Inlsieredby f37,500 Eg E37,500
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t		 t ofth Iu hM c IiualFoundauon. DuringtheyeartheyrustawardedagrantoFt30, 000mrh R hhl 6 Ir IF dm
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Stepney AB Samts Chur«h of England Freehold of the 5 h M d by F e b ofrh 0 g EO (177,380 (2,494,925 62,672, 305
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