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← Taptonholme

2024-12-31-accounts

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

Company Registration No 01848130 (England and Wales) Registered Charity No 515698

TAPTONHOLME

REPORTS AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

CONTENTS

PAGE
Reference and administration details 1
Report of the trustees 2 - 4
Independent examiner’s report 5
Statement of financial activities 6
Balance sheet 7
Cash flow statement 8
Notes to the accounts
 9 – 15

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

REFERENCE AND ADMINISTRATIVE DETAILS

Legal status Taptonholme is a charity (No. 515698) and a company limited by guarantee
(No. 01848130)
It was set up on 13 September 1984 and is governed by its memorandum
and articles of association.
Directors and trustees The directors of the charitable company (“the charity”) are its trustees for
the purpose of charity law and throughout the report are collectively referred
to as trustees.
The Trustees of the charity are as follows: -
M E Cowell – Chairman
A Duffield
J Liddle
Dr. P Harvey
D J Dunn
L J Noble
Secretary I Hewson
Registered office 14 Taptonville Crescent
Broomhill
SHEFFIELD
S10 5BP
Independent examiner Shorts
Chartered Accountants
Statutory Auditor
2 Ashgate Road
Chesterfield
Derbyshire
S40 4AA
Bankers National Westminster Bank Plc
42 High Street
Sheffield
S1 2GE

Shorts Chartered Accountants

Page 1

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees, who are also directors for the purposes of the Companies Act, present their report with the financial statements for the year ended 31 December 2024.

The legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the memorandum and articles of association. They also comply with the Statement of Recommended Practice (SORP), 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).

Structure, governance and management

Trustees

The trustees of the charity during the year and up to the date of this report are as listed on page 1.

The trustees are elected at the Annual General Meeting but additional trustees can be appointed during the year by the Executive Management Committee.

Trustee training is delivered in an informal setting upon request if specific needs arise (e.g. new legislation).

All trustees give of their time freely and no remuneration was paid in the year. Details of expenses reclaimed from the charity are set out in note 4 to the accounts.

Company status

Since Taptonholme is a company limited by guarantee, it does not have any paid up share capital. Every member of the company has however guaranteed an amount not exceeding £1 each.

At the Balance Sheet date, the company had six members, all of whom are also directors and members of the Executive Management Committee. The Committee meets a minimum of four times a year and is responsible for managing the business of the organisation, safeguarding the assets of the organisation, and managing the funds of the organisation. Decisions are made by the Management Committee, with advice from the Home Manager.

Risk assessment

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Committee have discussed, and reviewed on a regular basis all of the major risks to which the charity is exposed and have established systems to mitigate the risks.

Objectives and activities

The Objects of the charity are:

Shorts Chartered Accountants

Page 2

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Objectives and activities - continued

To achieve the above objectives, we aim to:

Achievements and performance

The Management Committee believes that the Charity has been successful in fulfilling its objectives. Meetings with residents and their families, together with continuing feedback from everyone concerned, indicates a widespread feeling that residents in the Home are happy and content with the facilities and care provided. The Home is registered with the Care Quality Commission ("CQC") and is subject to inspections, monitoring and review by CQC.

Public benefit

In planning their activities the trustees have considered the Charity Commission’s guidance on public benefit. In particular, we ensure that the Home continues to accept and retain residents with limited private financial resources. We also arrange regular open days when local people are invited and encouraged to visit the Home to help ensure it is part of the community.

Financial review and reserves policy

The Statement of Financial Activities for the year is set out on page 6 of the financial statements. Income the year amounted to £732,498 (2023: £610,763). Total expenditure amounted to £748,767 (2023: £645,848). Net expenditure for the year is £16,269 (2023: £35,085). This results in unrestricted funds at the year end of £443,529 (2023: £459,798).

The accumulated funds of the charity at 31 December 2024 are shown in total in the Balance Sheet on page 7.

The trustees believe the minimum level of free reserves should be the equivalent of four months operating costs, calculated and reviewed annually. The required level at the year end is approximately £250,000. The reserves are needed because the charity is dependent upon income which is subject to fluctuation, and as it requires protection against the ability to continue operating despite unexpected and unforeseeable events, such as major repairs to the building. As at 31st December 2024 the charity has free reserves of £213,281. The free reserves are meeting the minimum level required within an acceptable difference.

Our principal source of income continues to be rent received from residents. The main item of expenditure continues to be staffing, followed by maintenance of the premises. These are all directed towards the core objectives referred to above.

TAPTONHOLME

Shorts Chartered Accountants

Page 3

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Plans for future periods

The Trustees will continue to implement a rolling programme of improving the quality of the premises, the residents’ bedrooms, and all other common areas of occupancy. They will also invest in staff training and other related initiatives, to help ensure the quality of care provided is sustained and improved.

Trustees' responsibilities statement

The trustees (who are also directors of Taptonholme for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The report of the trustees has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board of Trustees

[€][(owl] |[M] Signed by: M E Cowell 380DD95F3D72411... Trustee and Chairman

Shorts Chartered Accountants

Page 4

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAPTONHOLME

Independent Examiner's Report to the Trustees of Taptonholme ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.

Responsibilities and Basis of Report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

In preparing this report, I have given due consideration to the guidance set out in CC32, in particular to the provision of book-keeping services provided by the firm. I can confirm that the FRC’s Revised Ethical Standard has been applied.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Signed by: H Freeman [award9F1B51E85A414E4... Freumau,

on behalf of Shorts

Chartered Accountants 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA

29 September 2025

Shorts Chartered Accountants

Page 5

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
Investments
Other income – grants received
Charitable activities:
Fees for residential care
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds for the year
- net income/ (expenditure) for the year
2
Reconciliation of funds:
Funds brought forward at 1 January 2024
Funds carried forward at 31 December 2024
 Unrestricted
Total
Total
2024
2023
£
£
62,694
2,231
8,108
2,055
3,088
7,654
658,608
598,823
732,498
610,763
748,767
645,848
748,767
645,848
(16,269)
(35,085)
459,798
494,883
443,529
459,798

All amounts derive from continuing activities. All gains and losses recognised in the year are included in the Statement of Financial Activities.

Shorts Chartered Accountants

Page 6

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

BALANCE SHEET AS AT 31 DECEMBER 2024

Note Total Total
2024 2023
£ £
Fixed assets
Tangible assets 6 230,248 233,857
230,248 233,857
Current assets
Debtors 7 31,225 22,399
Cash at bank and in hand 238,296 227,412
269,521 249,811
Creditors due within one year
8		 (56,240) (23,870)
Net current assets 213,281 225,941
Total net assets 443,529 459,798
Funds
Designated funds 9 4,910 4,910
General funds 9 438,619 454,888
443,529 459,798

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

[€][(owl] |[Mm] Signed by: 380DD95F3D72411... M E Cowell Trustee and Chairman

Company No 1848130

Shorts Chartered Accountants

Page 7

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

CASH FLOW STATEMENT AS AT 31 DECEMBER 2024

Note
Cash flow from operating activities
12
Cash flow from investing activities
Interest received
Fixed asset additions
Net cash flow from investing activities
Net increase / (decrease) in cash and cash
equivalents
Cash and cash equivalents at 1 January 2024
Cash and cash equivalents at 31 December 2024
13		 2024
£
2,776
8,108
-
8,108
10,884
227,412
238,296		 2023
£
(89,688)
2,055
(15,600)
(13,545)
(103,233)
330,645
227,412

Shorts Chartered Accountants

Page 8

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements are prepared under the historical cost convention. The financial statements have been prepared in accordance with Statement of Recommended Practice on Accounting and Reporting by Charities (SORP 2019), applicable accounting standards, Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

Taptonholme 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Fund Accounting

Unrestricted funds are those funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity, and which have not been designated for other purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes. Further details can be found in note 9 to the accounts.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes or allocated to specific grants.

Income

All income, including legacies and grants, are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be measured reliably and it is probable that the income will be received.

Fees for residential care represents fees charged to residents and are included in the period in which the service was provided.

Expenditure

Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Shorts Chartered Accountants

Page 9

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Expenditure – continued

Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Fixtures fittings and equipment 10% straight line Kitchen refurbishment (1988) 4% straight line

As from 1 January 1994 the property is no longer depreciated (until 31 December 1993 the rate was 1% on a straight line basis). This accounting policy is a departure from the Companies Act 2006 requirement for all tangible assets to be depreciated and FRS102, but in the opinion of the trustees it is maintained in good condition so that it’s value is not significantly impaired by the passage of time and in consequence any element of depreciation would be immaterial.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Pension

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Taxation

The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Shorts Chartered Accountants

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Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2024

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees considered the level of funds held and expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments. Financial Instruments are recognised in the company's balance sheet when it becomes party 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2.

NET INCOME/ (EXPENDITURE) FOR THE YEAR

3.

Deficit for the year is after charging: -
Depreciation
Independent examiner’s fee
STAFF COSTS
The average number of employees during the year was
The costs incurred in respect of employees were: -
Wages and salaries

Social security costs
Defined contribution pension costs

 2024
£
3,609
2,400
______
2024
No
26
2024
£
491,150
24,392
6,551
522,093		 2023
£
6,579
2,188
______
2023
No
24
2023
£
419,976
31,773
4,928
456,677

No employees received emoluments of more than £60,000 in either year. The total amount of employment benefits received by key management personnel is £43,031 (2023: £46,413). The charity considers its key management personnel to comprise the Home Manager.

4. TRUSTEES REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits paid during the year (2023: £nil).

There were no trustees’ expenses paid during the year (2023: £nil).

Shorts Chartered Accountants

Page 11

Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2024

5.
ANALYSIS OF EXPENDITURE
Costs of charitable activities
Wages
National insurance
Defined contribution pension costs
Agency staff
Staff recruitment and training
Payroll costs
Food and household
Insurance, water and council tax
Gas and electricity
Maintenance
Telephone and postage
Miscellaneous expenses
Advertising and promotion
Residents’ events
Depreciation
Bank charges
Legal expenses
Governance costs
Treasurer’s fee
Registration fees
Independent examiner’s fees
Total expenditure
Total expenditure - 2023		 Direct
Support
£
£
491,150
-
24,392
-
6,551
-
20,761
-
6,283
-
4,032
-
53,922
-
16,886
-
20,729
-
71,090
-
6,294
-
1,915
-
1,177
-
3,466
-
3,609
-
1,054
-
-
-
733,311
-		 Direct
Support
£
£
491,150
-
24,392
-
6,551
-
20,761
-
6,283
-
4,032
-
53,922
-
16,886
-
20,729
-
71,090
-
6,294
-
1,915
-
1,177
-
3,466
-
3,609
-
1,054
-
-
-
733,311
-		 2024
Total
£
491,150
24,392
6,551
20,761
6,283
4,032
53,922
16,886
20,729
71,090
6,294
1,915
1,177
3,466
3,609
1,054
-
733,311		 2023
Total
£
419,976
31,773
4,928
16,343
7,852
4,032
48,120
15,813
26,669
35,890
2,252
4,965
2,505
1,820
6,579
1,060
95
630,672
10,600
2,388
2,188
15,176
645,848
10,668
2,388
2,400
15,456		 -
-
-
-		 10,668
2,388
2,400
15,456
748,767
645,848		 -
-		 748,767
645,848

Shorts Chartered Accountants

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Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2024

6. TANGIBLE ASSETS

TANGIBLE ASSETS TANGIBLE ASSETS TANGIBLE ASSETS TANGIBLE ASSETS
Fixtures
Fittings &
Kitchen
Property
Equipment
Refurbishment
COST
£
£
£
At 1 January 2024
194,833
132,736
52,146
Additions
-
-
-
_
At 31 December 2024
194,833
132,736
52,146
DEPRECIATION
At 1 January 2024
12,503
81,328
52,027
Charge for the year
-
3,490
119
_
At 31 December 2024
12,503
84,818
52,146
NET BOOK VALUE
At 31 December 2024
182,330
47,918
-
At 31 December 2023
182,330
51,408
119
DEBTORS
2024
£
Trade debtors
19,719
Prepayments
11,506
31,225		 Total
£
379,715
-
379,715
145,858
3,609
149,467
230,248
233,857
2023
£
11,927
10,472
22,399
182,330 51,408 119
2024
£
19,719
11,506
31,225

7. DEBTORS

Shorts Chartered Accountants

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Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2024

8. CREDITORS

Trade creditors
Taxation and social security
Other creditors		 2024
£
10,101
10,206
35,933
56,240		 2023
£
3,345
8,201
12,324
23,870

9. STATEMENT OF FUNDS

FUNDS – CURRENT YEAR

Designated funds
Capital fund
(a)
General funds
General funds
Total funds		 1.1.24
£
Income
£
Expenditure
£
31.12.24
£
4,910
-
-
4,910
454,888
732,498
(748,767)
438,619
__
459,798
732,498
(748,767)
443,529

(a) This fund was set up in the early 1990s for the purpose of financing building additions.

FUNDS – PRIOR YEAR

Designated funds
Capital fund
(a)
General funds
General funds
Total funds		 1.1.23
£
Income
£
Expenditure
£
31.12.23
£
4,910
-
-
4,910
489,973
610,763
(645,848)
454,888
__
494,883
610,763
(645,848)
459,798

10. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year (2023: £nil)

TAPTONHOLME

Shorts Chartered Accountants

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Docusign Envelope ID: 7BA00E1D-5387-4DF4-976D-E320074E56C6

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current year Unrestricted Designated Designated
funds funds Total
2024 2024 2024
£ £ £
Fixed assets 230,248 - 230,248
Cash and current investments 233,386 4,910 238,296
Other current assets 31,225 - 31,225
Current liabilities (56,240) - (56,240)
Total 438,619 4,910 443,529
Prior year Unrestricted Designated
funds funds Total
2023 2023 2023
£ £ £
Fixed assets 233,857 - 233,857
Cash and current investments 222,502 4,910 227,412
Other current assets 22,399 - 22,399
Current liabilities (23,870) - (23,870)
Total 454,888 4,910 459,798
12. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024 2023
£ £
Net income / (expenditure) for year (16,269) (35,085)
Interest receivable (8,108) (2,055)
Depreciation of tangible fixed assets 3,609 6,579
Increase in debtors (8,826) (12,294)
Increase / (decrease) in creditors 32,370 (46,833)
Net cash flow from operating activities 2,776 (89,688)
13. ANALYSIS OF CHANGES IN NET DEBT
2023 Cash 2024
flows
£ £ £
Cash and cash equivalent 227,412
10,884		 238,296

Shorts Chartered Accountants

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