Registration number N1041287
U3A Foyle
Company limlted by guarantee
Financial Statements and Trustees, Report
for the Year Ended 31 March 2024

U3A Foyle
Company limited by guarantee
Contents
Page
Legal and Administrative Information
Trustees. Report
Independent Examiner's Report
Statement of Financial Aclivilies for the year ended 31 March 2024
Statement of financial position as at 31 March 2024
9-10
Notes to the Accounts

U3A Foyle
Company limlted by guarantee
Legal and Admlnistrative Information
Status .
The organisation is a charitable company limited by guarantee, incorporated on 28 August 2001 and
is recognised as a charity by the Inland Revenue. The governing document is a Memorandum and
Articles of Association.
Dire¢tors .
Tommy Dunbar (Chairperson)
Martin McDaid
Geraldine Kelley
Gail Hutchman
David Hill
Orla Quigley
Richard Smith
Niall Smyth
Michael McDaid
Avfil Alexander
Rose Marie Bradley
Company Secretary .
Geraldine Kelley
Accountanls .
Fergus McAleer & Co.
Chartered Accountants
31133 Clarendon Street
Derry
BT48 7ER
Main Bankers .
First Trust Bank
Meadowbank
Strand Road
Derry
Solicitors
Mccartney & Casey
3 Castle Slreet
Derry
Registered Office .
Pascal McDonald House
Gran5ha Park
Derry
BT47 6TG
Company Number .
N1041287
Charity Cornmlsslon for Northern Ireland Number:
NIC100018
Page 1

U3A Foyle
Trustees. Annual Report
for the Year Ended 31 March 2024
Report of the trustees for the year endlng 31 March 2024
The Directors are pleased lo present their annual report together with the financial statements of the Charity
for the year ended 31 March 2024 which are also prepared to meet the requirements for a Directors. report
and accounts for Companies Act purposes.
The financial statements comply wilh the the Charities AGt {Nll 2022, Companies Act 2006. the
Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Stalemenl of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Slandard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019.1
The company is governed by a Memorandum and Articles of Association dated 08108101. The company
number is Nl 41287 and the registered office is Pascal McDonald House. Gransha Park, Dery. BT47 6TG.
The company is a ragisterad Northern Ireland charity- reference NIC 100018.
Dlrectors and trustees
The directors of the charitable company Ithe Charity) are the trustees for the purpose of Charity Law.
The Directors during the year end at the 31 March 2024 were as follows..
Tommy Dunbar (Chairperson)
Martin McDaid
Geraldine Kelley (Secretary)
Gail Hutchman
David Hill
Orla Quigley
Richard Smith
Niall Smyth
Michael McDaid
Avril Alexander
Rose Marie Bradley
Helen McNicholl (Resigned 2510312023)
Chair's report
On behalf of the Board of Directors I can report that this past year has been another good year for U3A Foyle
but we have had some challenges with the financial impacts of rising costs.
This did not stop Lts from delivering a full prospectus of activities lo members and succeeding in raising our
membership numbers from 848 last year lo 927 this year.
Fundraising & Funding
Members carried out fundraising lo help with soaring utility costs in the building and raised in the order of
£12,780 through Donations and Fundraising activities.
This was a huge effort by all membefs and is hugely appreciated.
Page 2

U3A Foyle
Trustees. Annual Report
for the Year Ended 31 March 2024
Revlew of Actlvlties
We delivered all our Core Activities this year with goi)d numbers in all groups especially in our Physical
Activity and Language classes. We added Archery sessions, Stretch Classes, Danderball & Walking Cricket
to the Physical Activities on offer. We also offered a new monthly Slorytelling group this year bringing
renowned Storytellers from all over Ireland lo the group.
Our Ukulele Group- The D'ukes of Gransha - hil the Regional news when it became the sound of the
'Chat Tea Train Outings, in conjunction with WHSCT encouraging older people to gel out onto the trains,
meet new people and have some fun and music. The Ukes also played at the Summer Walled City Market &
some of the Folk Club members played al the Annual Craft Fair in the Guildhall.
We worked closely with the University of Ulster this year with several lectures and events.
Twenty students from their Sports Science Department delivered a Filness Trial Session to 28 members,
working with them on their present fitness and giving guideline5 on possible improvements. This event will
be embedded into future delivery as it was recorded as very beneficial for both members and the students.
Our Manager, Christine addressed events this year keeping the profile of U3A Foyle high. One event
was in Ulster University as an expert in her field who champions the Older People's demographic across
Northern Ireland. The second event was representing U3A Foyle in Cork as part of an International Learning
Cities Event sharing best practice.
Going fo￿ard, we will continue to work with all agencies that enhance the lives and experiences of our
members.
U3A Boafd
I musl pay thanks to the U3A Foyle Board Members who give their lime and expertise willingly through the
year lo ensure thal the organisation meets the needs of the U3A members and meets all our statutory
regulations.
Board Members met every month for a full Board M&eling and then also for further individual committee
meetings as well.
We produce and work lo an annual Operational Plan each year derived from our 5-year Strategic Plan. To
help deliver on these plans there are several committees in place, each chaired by a Board member.
Staff
Thanks again this year for the enormous contfibution made by our small number of permanenl staff.
Chrisline, Angelina and Mervyn have once again this year worked hard to keep the U3A members informed
and connected. busy and engaged, fit and healthy.
We thank them most sincerely all for their hard work and the extra miles they go for us every year.
Our thanks also 90 Out lo all our wonderful Tutors, Facilitalors, visiting Lecturers and Group Lea¢Jers who
also deliver a first-class service lo U3A Foyle members.
Page 3

U3A Foyle
Trustees. Annual Report
for the Year Ended 31 March 2024
Our Purposes and Actlvltles
The purpose of U3A Foyle is to encourage older people in the city and district and surrounding areas. who
are no longer in full time employment, to engage in lifelong learning. We offer accessible and first-class
activities and continuous learning opportunities.
Our mission is lo encourage members to enjoy a fuller life in retirement by embracing Active Living - this
encompasses educational programmes., languages.. recreation and sporting activibes.. social events and
health projecls., lectures & talks.
Each year over three terms and throughout the summer months, we compile a comprehensive prospectus
detailing various classes. courses and activities. This prospectus focuses very much on supporting our
members to keep active. engaged. fil and healthy in Iheir later years.
The emphasis within U3A is on inclusion and on enjoyment. Wider research has shown that members
reported major benefits from being part of a U3A Community in terms of Confidence, feeling supported.
learning new skills, combatting loneliness. and feeling valued and enjoying life.
People in later life are particularly vulnerable to loneliness which can reduce quality of life and well-being.
Keeping connected with others and especially one's peers has also personal benefit as people in strong
social relalionships are more likely to remain healthy and independent.
In shaping our objectives for the year and planning our activities, the directors have considered the Charity
Commission's guidance on public benefit requirement IPBR11. We endeavour to encourage a wide range of
retirees to take advantage of our expertise and encourage all retirees within our community to make use of
our services.
Our Volunteers
To keep our U3A vibrant and strong it is particularly important that members are involved not only as the
participants in classes and activities - but also by using their experience and lalents to give something back
to the organisation.
This could be in the form of ideas for new activits'es, by leading groups, joining committees, volunteering for
office work, or helping with the many tasks which are necessary lo keep our U3A running smoothly.
We have so many members who work tirelessly in volunleer roles for the benefit of the organisation and ils
development. and we are extremely grateful for all their hard work and thank them most sincerely.
Achievements and performance
This pasl financial year (April 2023 to March 20241 saw us back to full time in the building after a staggered
end to the previous year.
Our records of attendance for the past year are as follows..
From April 2023 to March 2024 ther8 were 104,258 hours of sorvice provision provided for members with
8.761 actual participant places recorded.
Page 4

U3A Foyle
Trustees, Annual Report
for the Year Ended 31 March 2024
Flnanclal revlew
During the year income of £211,036 was received. Total costs for the y&ar were £237,231 includlng
depreciation of £45,893. Costs excluding depreciation were £191.338. This resulted in a cash surplus for the
year of £19,698.
Al the year end net current assets increased lo £127.719. The unrestricted nel current assets at the
year-end increased to £127.918 including reserves which the directors have ring fenced for fulure
designated capital spending. The directors had looked at ways of increasing income sotJrc8s and the
membèrs fundraised to an exceptional level this year and as such they are happy wilh the results of the year.
Reserves policy and going concern
Reserves are needed to bridge the gap between the spending and receiving of income and to cover
unplanned emergenGy costs. Due to the nature of the activities of the Charity no malerial unplanned c051s
are expected. The major costs are wages and programme costs but funding is in place to cover most of
these Costs. The Directors consider that a salisfaclory level of unreslricled reserves is six months
administration costs and salaries which would currently be in the region of £62,500.
The financial review above shows unrestricted reserves of £127,918 including reserves the directors have
ring fenced reserves for future designated capital spending. The Directors have reviewed the circumstances
of the Charity and consider that th8se reserves are adequate lo fund activit18s for th8 fores8eable future.
The directors are of th8 Vi8W that the Charity is a going concern.
Plans for future perlods
Our future plans for 2024 and beyond are lo continue lo plan for new aclivili8s. classes & courses. We hope
to continue lo recruit new members and remain a strong centre for Older people in the City & District
encouraging lifelong learning and activity. We will encourage continued fundraising within the membership
and continue as a Board to apply for any relevant funding.
Page 5

U3A Foyle
Trustees, Annual Report
for the Year Ended 31 March 2024
Statement of Trustees. Responslbllltles
The Charity Trustees (who are also the directors of the U3A Foyle for the purposes of company lawl are
responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable
law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
Company law requires the Truslees to prepare financial statements for each financial year which give a tru8
and fair view of the state of affairs of the charitable company and of the profit or loss of the company for that
year.
In preparing these the Trustees are required to..
selecl suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prud8nt',
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company and lo enable them to ensure Ihal the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the company and hence for taking r8asonable steps for the prevention and detection of fraud and other
irregularities.
The r8POrt has been prepared in accordance with the special provisions for small companies under part 15
of the Companies Act 2006.
The report was approved by Ihe board on 14 May 2024 and signed on ils behalf by
Mr Martin McDaid
Director
14 May 2024
Page 6

U3A Foyle
Company limited by guarantee
Independent Examiner's report to the Charity Trustees of U3A Foyle
Year ended 31 March 2024
We report solely to the Charity Trustees on our examination of the accounts for the year ended 31 March
2024. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
U3A Foyle and ils Trustees as a body for our work or for this report. As a practising member firm of Chartered
Accountants Ireland, we are subject to ils ethical and other professional requirements which are detailed at
www.charteredaccountants.ie.
Respective responsibilities of charity trustees and examiner
As the charity trustees (and also the directors of the company for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requiremenls of the Companies Act
2006 and Ihe Charities Act (Northern Ireland) 2008. Having satisfied ourselves that the charity is not subject to
an audit under company law, and is eligible for independent examination, il is our responsibility to..
-examine the accounts under section 65 of the Charities Act.
-follow the procedures laid down in general directions given by the Charily Commission for Northern Ireland
under section 6519)Ib) of the Charities Act.
-state whether particular matters have come to our attention.
Basis of independent examinerfs report
We have examined your Charity accounts as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general directions given by Ihe Charity Commission for
Northern Ireland under section 6519){bl of the Charities Act. The examination included a review of the
accounting records kept by the Charity and a comparison of the acGount5 presented with those records. It also
included consideration of any unusual items or disclosures in the accounts, and seeking explanations from
you as Charity Trustees concerning any such malters.
OLJr role is to slate whether any material matters have come lo our attention giving us concem lo believe,.
1. that accounting records were nol kept as required by wilh section 386 of the Companies Act 2006 and
section 63 of the Charities Act,.
2. that the accounts do not accord with those accounling records.,
3. Ihat the accounts do not comply with the accounting requirements of section 396 of the Companies Act
2006, the Charities Act and with methods and principles of the Charilies Statemenl of Recommended Practise
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic Of Ireland.
4. that there is further information needed for a proper understanding of the accounts lo be reached.
Independent examinerfs slatement
We have completed our examination and have no concèrns in respect of the matters11) to14) above and, in
connection with following the directions of the Charity Commission for Northern Ireland, we have found no
matters thal require drawing to your attention.
Fergu
McAtèer & Co.
Chartered AGGountants
31133 Clarendon Street
Derry
BT48 7ER
tHARTERED
1 4 MAY 2024
ACCOUNTANTS
14 May 2024
Page 7

U3A Foyle
Company Ilmited by guarantee
Stslement of Financial Activities for the Year Ended 31 March 2024
Unrestricted Restricted
Funds
Funds
Totals
2024
Totals
2023
Notes
Incomin
Resources
Donations, legacies and similar
incoming resourc8S
5,342
5,342
5,587
Income from activities of
furtherance of charitable objects
48,122
1,790
49,912
53,764
Income from activities for
generating funds
154,348
154,348
138.892
Investment income
1,434
1,434
217
Total incoming resources
209.246
1,790
211,036
198.460
Resources Ex
ended
Charitable expenditure..
Furtherance of charitable activities
125.986
5.455
131.441
122.892
Management and administration
59,347
550
59,897
53,969
Depreciation
4.086
41,807
45,893
46,618
Total resources expended
189.419
47,812
237,231
223,479
Net movement in funds
19,827
{46,022)
126,195)
(25,019)
Tota5 funds brought fO￿ard at 1 April 2023
127.976
400,529
528,505
553,524
Total funds carried forward at 31 March 2024
147,803
354,507
502,310
528,505
There are no gains or losses other than th8 Drofit or loss for the abovè two finaneial yaars.
Page 8

U3A Foyle
Company limited by guarantee
Balance Sheet as at 31 March 2024
Unrestricted Restricted
Funds
Funds
Totals
2024
Totals
2023
Notes
Fixed Assets
Tangible Assets
19.885
354.706
374,591
419,940
Current Assets
Debtors
Cash al bank and in hand
Total curr8nt assets
1.517
127,682
129,199
156.884
156,884
{199)
(199)
156,685
156,685
Creditors: amounts falllng due
within one year
(28,966)
(28,966)
(20.634)
Net current assets
127,918
(199)
127,719
108,565
Total assets less current liabilities
147,803
354,507
502,310
528,505
Creditors: amounts falling due
after one year
Nel assets
147,803
354,507
502.310
528,505
Financed b
Funds
147,803
354,507
502,310
528.505
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance with section 476..
The directors acknowledge their responsibilities for complying wrth the requirements of the Act with
fespect to accounting records and the preparation of financial stalemenls.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland,.
Page 9

U3A Foyle
Company limited by guarantee
These financial statements were approved by the Board of Directors and authorised for issue on 14 May
2024, and are signed on behalf of the Board by.,
Mrma
Direc
n McDaid
Company Registration Numbor . N1041287
Page 10

U3A Foyle
Company Ilmited by guarantee
Notes lo thè financial statements
Year ended 31 March 2024
General Inforniatlon
The Charity is a charilable private company limited by guarantee. registered in Northern Ireland. The
address of the registered office is Pascal McDonald House, Gransha Park. D8rry.
Accountlng pollcies
Basls of preparatlon
The financial slatemenls have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) {effeclive 1 January 2019) - (Charities SORP IFRS 1021), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
U3A FoOe meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or trans8clion value unless otherwise stated in the
relevant accounting policy note(s).
Turnover
Turnover represents the lolal value of grants received and receivable as well as other income arising
from other operating and fundraising activities during the year. Grants are recognised in the Profil and
Loss account when the condition5 for their receipt have been Complied with and there 15 reasonable
assurance that the grant will b8 received.
Tanglble assets
Tangible assets are initially recorded al cost, and are subsequently slated at cost less any accumulated
depreciation and impairment losses.
Depreclatlon
Depreciation is calculaled so as to write off the cost or valuation of an asset, less its residual value,
over the us8ful @conomic life of that asset as follows..
Freehold property
Plant and machinery
Fittings fixtures and 8quipment
straight line
reducing balance
reducing balance
20°/0
200
Page11

U3A Foyle
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
Flnancial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recogni5ed at the transaction price. unless the arrangement
conslitules a financing transaction, where il is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured al amortised cost.
Where investments in non-convertible preferenc8 shares and non-puttable ordinary shares or
preference shares are publicly traded or Iheir fair value can otherwise be measured reliably, the
investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
other financial instruments, including derivatives, are initially recognised at fair value, unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a
market rate, in which case the asset is measured al the present value of the future payments
discounled at a market rate of interest for a similar débt instrument.
Other financial inslfuments are subsequently measured at fair value, with any changes recognised in
profil or loss, wilh the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairmenl al the end of each reporting date. If there is objective evidence of impairmenl, an
impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually
significant. these are assessed individually for impairment. Other financial assets or either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any revèrsals of impaimient are recognised in profit or loss immediately, to the extent that the reversal
does not result in a carrying amount ol the financial asset that exceeds what the carrwng amount would
have been had the impairment not previously been recognised.
Funds
Unrestricted Revenue Funds -
Gompri5e those revenue funds which the management committee
are free to use in accordance with the company objectives.
Restricted Revenue Funds -
comprise those revenue funds which have been given for particular
purposes and projects.
Limited by guarantee
U3A Fowe is a registered charity limited by guarantee without a share capital.
HMRC Charity Reference Number'.XR 40623
Charity Commission of Northern Ireland Number= NIC100018
Page 12

U3A Foyle
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
S. Incoming Resouces
Unrestricted Restricted
Funds
Funds
Totals
2024
Totals
2023
Donations le
acies and Similar incomin
resources
Donations
5,342
5.342
5,342
5,587
Income from activites of furtherance of charitable ob.
ecls
Income from WHSCT
DHC (CLEAR Project)
Derry City & Strabane Council
PHA Positive Ageing Grant
Community Foundation
ASDA
Waterside Credit Union
Sundry Grants
48,122
48,122
800
550
440
46,551
800
550
440
763
5,000
950
500
48,122
1,790
49,912
53,764
Income from activities
eneratin
funds
Member contributions
Course income
Social functions
Rental income
Fundraising
Other income
Total
52,590
78,031
4,200
1,810
7.438
10,279
154.348
52,590
78,031
4,200
1,810
7,438
10,279
154.348
46,522
74,883
4,008
660
7,742
5,077
138,892
Investment and other income
Interest Received
1,434
1.434
1,434
1,434
217
217
Total incoming resources
209,246
1,790
211,036
198,460
Page 13

U3A Foyle
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
Resources expended
Unrestricted Restricted
Funds
Funds
Totals
2024
Totals
2023
Furtherance of charitable acllvities
Social functions
Provision of courses
Items for resale
Capitation fee
Wages and salaries
Staff training
Travel expenses
Total
2.772
40.020
2,060
3,360
77,423
75
276
125,986
119
5.336
2,891
45,356
2,060
3,360
77,423
75
276
131,441
4,943
40,289
596
3,060
73,951
36
17
122,892
5,455
Mana
ement and administration costs
Light, heat, cleaning & securily
Insurance
Repairs and maintenance
Advertising, lelephone & computef Costs
Accountancy fees
Bank charges
General expenses
Total
30.628
2,987
15.445
5.972
1.680
2,409
226
59.347
550
31,178
2,987
15.445
5.972
1,680
2,409
226
59.897
36,453
3,076
6,194
3.793
1,380
2,584
489
53,969
550
De
rèciation
Depreciation of tangible assets
4,086
4,086
41,807
41,807
45,893
45,893
46,618
Total resources expended
189,419
47,812
237,231
223.479
Staff costs
The average number of persons employed by the company during the year was 3 (2023.. 31.
No remuneration was paid and no expenses reimbursed to the dir@ctors during the year.
Page 14

U3A Foyle
Company limited by guarantee
Notes to the financial statements (contlnuedl
Year ended 31 March 2024
Tanglble assets
Freehold
Plant and
Fixtures,
property machinery fittings and
8quipm8nt
Total
Cost
At 1 April 2023
Additions
1,101,504
72.181
544
64,277
1,237,942
544
At 31 March 2024
1,101,504
72,705
64,277
1,238,486
Deprèciation
Al 1 April 2023
Charge for the year
684,474
44,060
71,831
465
61,697
1,368
818.002
45.893
At 31 March 2024
728,534
72,296
63,065
863,895
Carrying amount
At 31 March 2024
372,970
409
1,212
374.591
Al 31 March 2023
417,030
330
2,580
419,940
Credltors: amounts falling due withln one year
2024
2023
Trade creditors
Other creditors
28,057
909
19,607
1.027
28,966
20,634
10.
Contingent assets and liabilities
The company has receiv8d substantial government and public grant assistance over a number of
year5. The payment of these grants is made subject lo certain conditions being fulfilled by the
company. The Sports Council for Northern Ireland Tla Sport Northern Ireland has a charge over the
ompany premises covering possible repayment of grants received. The directors consider that all
grant conditions will be satisfactorily fLslfilled and the likelihood of having to rep8y any grants is remote.
Page 15

U3A Foyle
Company limited by guarantee
Notes to tho financial statements {¢ontinued>
Year ended 31 March 2024
11.
Analysls of charltable funds
Analysis of movements In unrestrlcted funds
Balance al IncomlngResources
1 Aprll 2023 Resources Expended Transfers
Funds at
31 March 2024
General Fund
127,976
209,246 (189,419)
147,803
127,976
209,246 {189,419)
147,803
Name of unrestricted fund Description of the Fund
General Funds
Funds which the Charity is able lo apply freely in pursuit of its own
charitable objectives and related purposes.
Analysls of movements in restricted funds
Balanc8 at IncomlngResources
1 April 2023 Resources Expended Transfers
Funds al
31 March 2024
Restricted Fund
400,529
1.790
147,8121
354.507
400.529
1,790
(47,8121
354,507
Name of restricted fund
Restricted Fund
Description of the Fund
Funds which the Charity applies for particular purposes and projects in
pursuit of its charitable objectives.
Analysis of net assets between funds
General Restrlcted
Fund
Fund
19.885
354,706
Total
374,591
Fixed Assets
Debtors
Cash at bank and in hand
Creditors
156,884
(28,966)
{1991 156,685
(28,966)
Total
147,803
354,507
502,310
Page 16