COMPANY REGISTRATION NUMBER.. N1050384 CHARITY REGISTRATION NUMBER: NIC101445 LITTLE DOVES LIMITED COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 30 APRIL 2023
LITTLE DOVES LIMITED CONTENTS PAGE TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS REPORT) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES STATEMENT OF FINANCIAL ACTIVITIES (INC. INCOME & EXPENDITURE REPORT) STATEMENT OF FINANCIAL POSITION STATEMENT OF CASH FLOWS NOTES TO THE FINANCIAL STATEMENTS 9-17
LITTLE DOVES LIMITED TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 30 APRIL 2023 The trustees,, who are also the directors for the purpose of company law, present their annual report and financial statements forthe year ended 30 April 2023. Reference and adminlstration details Registered charlty name Little Doves Limited Charity Registration Number NIC101445 Company Registration Number N1050384 Registered Office 3 Dalton Rise Comber Co. Down BT23 5HS Th& Trustees Mrs B Black Mrs S Mclntyre Mr S Mcmahon Mr N McRobbie Mr J Nighlingale Mr M O'Brien Ms M Spiers Mr W Sproule Independent Examiner stanley Woods & Co. Alexander House 49151 Church Street NevAownards Co. Dovm BT23 4AN
LITTLE DOVES LIMITED TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 30 APRIL 2023 Continued structure. governance and management Background Little Doves Childcare Centre began its life in the 1970's as a Social Services run group. In 1991 Social Services handed the management of the group to a committee of parents and grandparents of children who attended that year. Under the guidance and support of NIPPA- The Early Years Organisation, and the Local Health & Social Services Trust. the ComMee spearheaded the group for the next number of years. In 1997, the group received funding from the European PeaGe I programme which enabled further development and enhancement of the service. The group adopted the 'Peace Logo. and changed its name to Little Doves. In 2003 the group secured funding from the Big Lottery Fund, which was used to build purpose specific premises at the rear of the West Winds Community Centre. The building was designed for the group's unique needs. In the same year the group became a Company Limited by Guarantee, headed by a competent board of professional and business people with many years experience in the voluntaryl Gommunity sector. Legal Structure Little Doves is a company limited by guarantee. not having a share capital. Members guarantee to ontribute £1 in the event ofwinding up. The company is governed by its Articles of Association. The company was awarded charitable status by the Charity Commission for Northem Ireland on 15 January 2015 (charity number 101445) Risk Management The trustees have assessed the major risks to vthich the company is exposed, in particular those related to the operations and finances of the company and are satisfied that Systems and procedures are in place to mitigate our exposure to the major risks. Objectives and actlvltles Charitable Objects The object of the charity is to enhance the development and eduGation of children under statutory school age by encouraging parentslguafdians to understand and provide for the needs of their children. The charity aims to- _ offer appropriate play activities with Ihe right parentslcarers to take responsibility for and to become involved in the activities of Little Doves ensuring that Little Doves offers opportunities for all children regardless of religion, culture, race or means encourage the study of the needs of such children and their families and promoting public interest in and recognition of such needs of such children and their families in local area5 support the values and principles of DENI
LITTLE DOVES LIMITED TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS REPORD FOR THE YEAR ENDED 30 APRIL 2023 Continued Strategic report The following sections for achievements and performance and financial review fomi the strategic report of the ¢harity- Achlevements and perforniance Review of activities Through 2022123 the charity continued to provide qualty childcare for children and their families and continued to pursue our mission statement which denotes the ethos "Little Doves- Supporting Your Community. Supporting Your Family, Supporting You" The charity continues to work closely with the community through the management committee of the West Winds Development Association, the interagency group which meets quarterly to look at the needs of the area. The group has very strong links the local Parents & Toddler groups, the local primary school, Sure Start, The Link and Ards Arena. We are also members of the Curriculum and Programme Support organisations (CAPS). Little Doves Childcare Centre aims to enhance access to education by children in their preschool year by meeting the needs of every individual child. The centre aims to improve the early identification and assessment of special education needs. which will then be followed by appropriate intervention. In conjunction with the West Winds Primary School Nursery Unit. Sure Start and Scrabo Parents and Toddler Group, we continue to be an integral part of"The West Winds Education Community Forum" and education and support service available to the whole community. As part of the Preschool Capacity Building Project, or staff continually improved their skills in identifying and meetimg the educational and well-being needs of the children. All of our staff have attended intense training. Staff have also had the opportunity to work with other professionals who were involved with the children and their families including the Education Aulhority- Early Years Inclusion SeNice. speech and language therapists, occupational therapists, educational and clinical psychologists and Ihe Social Services team. Day to day activities and special events Throughout the year the staff carefully planned and evaluated the preschool activities. Staff ensured each child was given full use of both the indoor and outdoor facilities. In partnership with parents we planned various information sessions for parents addressing topics such as. learning in the Early Years, behaviour management. health and well-being. Parents, grandparents and carers participated in a fundraising event for Children in Need. Visitors Visitors to pre-school included music and movement activities from Music Bugs and Little Critters. We also kept in contact wth our local elderly residents. Networking As part of our ongoing networking links. the group welcomed Primary 1 teachers from the Model Primary School, West Winds Primary School, Castle Gardens Primary School, Loughries Primary School and Victoria Primary School to meet parents and children. We continued to eOrk with other pr&school members in the North Dovffl and Ards area a5 part of our ongoing CAPS training.
LITTLE DOVES LIMITED TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 30 APRIL 2023 Continued Achievements and perforniance (continued Quality Inspections The staff continued to work extremely hard to keep up the high standards achieved in previous years. Staff dedlcation and training We are very fortunate to have a team of dedicated and caring slaff and volunteers who work with the children and their families. The team is committed to maintaining their high level of expertise in childcare and education and continues Iraining to the highest standards. All staff participated in cluster training, Child Protection Training. First Aid training and qualifications. As part of the Preschool Capacity Building Project, our staff continually improved their skills in identifying and meeting the educational and well-being needs of the children. All of our staff have attended intense training. Staff also had the opportunity to work with other professionals who were involved with the children and their families including speech and language therapists, occupational theraplsts, educational and clinical psychologists and the Social servIs team. Little Doves and Silver Swans We also remotley continued our community based project "Little Doves and Silver Swans" This involves our children vislting the local supported living facility. Cuan Court. to take part in activities to develop intergenerational bonds and socialise wth local elderly and those who suffer from dementia. Our children and the residents have thrived during this Gontinued initiative and we will continue to build on its suGGess in the future. Financial revlew The financial results for the year are shovffl on pages 6 to 8. Total unrestricted income for the year was £33,994 and the corresponding expenditure was £44,988 producing a deficit of £10,995 in unrestricted activities. Total restricted income for year was £24,200 and expenditure was £24,200 utilising all the restricted income. The trustees, annual report and strategic report was approved on 15th September 2023 and signed on behalf of the board of trustees by: . Mr N McRobbie Trustee Mr J Nightingale Trustee
LITTLE DOVES LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF LITTLE DOVES LIMITED FOR THE YEAR ENDED 30 APRIL 2023 I report to the trustees on the examination of the financial statements of Little Doves Limited for the year ended 30th April 2023. Respectlve responsibilities of tho charity trustee and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northem Ireland) 2008. It is my responsibility to.. Examine the accounts under s65 of the Charities Act Follow the procedures laid down in the general directions given by the Commission under s65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basls of Independent Examinorfs Report I have examined your charity accounts as required under s65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under s65(9){b) of the Charities Act. My examination included a review of the accounling records kept by the charity and a comparison of the accounts 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 matters. My role is to state whether any material matters have come to my attention giving me cause to believe- That accounting records were not kept in accordance with s63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached. Independent Examlner's Statement I have completed my examination and have no concerns in respect of the matters listed above and, in connection wth the following the Directions of the Charty Commission for Northern Ireland, I have found no matters that need to be brought to your attention. FCC sJ- stanley Woods & Company Certified Accountants Alexander House 49151 Church Street Newtownards BT23 4AN Date: 15th September 2023
LITTLE DOVES LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023 Unrestricted Restricted Funds Funds Total Funds 2023 Total Funds 2022 INCOMING RESOURCES Notes Donations 285 405 690 100 Coronavirus job retention scheme 1,586 Actlvities In furtherance of charlty's objectives: Grants receivable 22,174 22,174 24,544 Activities for generatlng funds: Membership fees Fundraising events Interest receivable Other income 33.526 33.526 31,631 56 1.804 1,804 1,328 Total incoming resources 33.811 24,383 58.193 59,245 RESOURCES EXPENDED Charitable expenditure: Costs in furtherance of charitable activities Management and adminlstration: Wages & Nalional Insurance Secretarial expenses Utilities and overheads Accountancy fees Bank charges Donations Depre¢iation 2,007 4,464 6,470 8.953 13 37,590 5,943 579 11,696 1.296 43,533 579 11,696 1.296 220 405 3,389 40,731 13 6,268 1,744 194 60 3.389 220 405 3,389 Total resources expended 10.11 43.205 24,383 67.588 61,352 Net incoming resources for the year Balances blf -9,395 60,029 -9,395 60,029 -2,107 62,136 Balances clf 50.634 50.634 60,029 The charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classified as continuing.
LITTLE DOVES LIMITED STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2023 2023 2022 Notes Flxod Assets 15 19,785 23,175 Current Assets Debtors Cash at Bank and in hand 16 1,280 30,408 31,689 929 36,974 37.903 Creditors: Amounts falling due within one year 17 -840 -1,048 Net Current Assets 30.849 36,854 Total Assots less Current Liablllties 50,634 60,029 Funds of th8 charity Unrestricted Restricted 50,634 60,029 Total charlty funds 19 50,634 60,029 For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relation to small companies. The directors acknovAedge their responsibilities for complying the requirements of the Companies House Act 2006 wth respect to accounting records and the preparation of financial statements. 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. These financial statements have been prepared in accordance with the provisions applicable to companies subject to small companies regime. These financial statements were approved by the board of trustees and authorised for issue on 15th September 2023 and are signed on behalf of the board by: Mr N McRobbie Trustee MrJ Trustee tingale
LITTLE DOVES LIMITED STATEMENT OF CASH FLOW AS AT 30 APRIL 2023 2023 2022 FUNDS GENERATED FROM CLUB ACTIVITIES Surplus for the year -9,395 -2,107 Adjustment for items not involving the movement of funds '. Deprecialion 3,389 3.389 3.389 3.389 -6,005 1.282 Purchase of equipment Ilvorking Capital Requirements ( Increase )1 Decrease in Debtor5 Increase l ( Decrease ) in Creditors -352 -208 -168 -722 -560 -890 NET APPLICATION OF LIQUID FUNDS -6,586 392 REPRESENTED BY CHANGES IN Increase l ( Decrease ) in Cash at Bank .566 392 -6.566 392
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 30 APRIL 2023 1. General Information The charity is a public benefit entity and a private Company limited by guarantee, registered in Northern Ireland and is a registered charity in Norlhern Ireland. The address of the registered office is 3 Dalton Rise. Comber, Co. Down, BT23 5HS. 2. Statement of compliance These financial statements have been prepared in compliance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the Statement of Recommended Practice applicable to chaiities preparing their accounts in accordance wth the Financial Reporting Standards applicable in the UK and the Republi¢ of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 3. Accounting pollcies Basis of preparatlon The financial statements have been prepared on the historical Gost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income and expenditure. The financial statements are prepared in sterfing. which is the functional currency of the entity. Golng Concèrn There are no material uncertainties about the charities ability to continue. Fund Accounting Unrestricted funds are available for use at the discretion of the twstees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and full into of the hvo sub classes; restricted income funds or endowment funds.
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) AS AT 30 APRIL 2023 3. Accounting policies (Continued) Incoming resource5 All in¢oming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specifi¢ policies are applied to particular categories of income.. income from donations or grants is recogni5ed vthen there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unle5$ this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Resources expended Expenditure is recognised on an accwals basis as a liability is incurred. Expenditure includes any VAT which can not be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditufe on raising funds includes the cost of all fundraising activities. events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in the undertaking of activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governanGe of the charity apportioned to charitable activities. other èxpenditure includes all the expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single a¢livity are allocated directty to that aclivity. Shared costs are apportioned beeen the activities they contribute to on a reasonable. justifiable and consistent basi5. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Any increase in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other gains and losses, except to which it offsets any previous revaluation gain, is which case the loss is shown within other recognised gains and losses on the statement of financial activities. 10
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 3. Accounting poliGies (Continued) Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value over the use of its economic life of that asset as follows: . Land and Buildings Fixtures and Fittings Equipment 4% straight line 20% straight line 10% straight line Impalrment of fixed assets A review for indications of impairment is carried out at each reporting date. with the recovefable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accofdingly. Prior impairments are also reviewed for P055ible reversal at each reporting date. For the purposes of impairment testing. when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which it belongs. The cash-generating unit is the smallest identifiable group of assets that includes that asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairmenl testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of vthether other assets or liabilities of the charity are assigned to those units. Financlal instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs Current assets and Gurrent liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortisation cost. Where investments in shares are publicly traded or their fair value can otheiSe be measured reliably, the investment in is subsequently measured at fair value with the changed in fair value recognised in income and expenditure. 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 market rate, in which Gase the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 3. Accounting policies (Gontinued) Flnancial Instruments (continued) other financial instruments are subsequently measured at fair value, any changes recognised in the statement of financial activities, with 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 impairment at the end of each reporting date. If there is objective evidence of impaimient. an impairment loss is recognised under the appropriate heading in the statement of financial activities in whi¢h the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversal of impalrment arè recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds the what carrying amount would have been had the impairment not previously been recognised. Deflnod contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly wlhin 12 months of the end of the reporting date in which the employees render that related service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 4. Limited by guarant80 Little Doves Limited is a company limited by guarantee and accordingly does not have a share ¢apital. 12
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 S. Donations and legacies The majority of income ffom donations arises from grants awarded by the Childhood Fund for core funding. Income from West Winds Development Association consists of revenue grants towards overheads including insurance. accountancy and staff training. Unreslrict8d Restricted Funds Funds Total Funds 2023 Donatlons Donations 690 690 Grants Education Authority Health & Social Care Halifax Foundation Housing Executive SPOD Funding Ards & North Down Borough Council 7.053 2.000 3,840 7,681 1.600 7,053 2,000 3,840 7,681 1,600 690 22.174 22.864 Unreslricled Restricted Funds Funds Total Funds 2022 Donations Donations 100 100 Grants Education Authority Early Years Community Foundation Housing Executive SPOD Funding Ards & North Down Borough Council 6.422 6.422 6,060 5,000 5,062 2.000 6.060 5.000 5.062 2,000 6,160 18,484 24,644 Coronavirus Job Retention Schome CJRS 6. Charitable events Incoming resources from Gharitable activities consists of government funding for free playgroup spaces for all children in their pre-school year, in addition to income from parenls who place their children in the playgroup outside of their free funding year. 13
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 6. Charitable events (continued) Unrestricted Restricted Funds Funds Total Funds 2023 Fees from parents Fees from Education Authority 7.549 25.977 7.549 25.977 33,526 33,526 Unreslrictgd Restricted Funds Funds Total Funds 2022 Fees from parents Fees from Education Authority 8,149 23,482 8,149 23,482 31.631 31,631 7. Olher trading actlvities Unrestrtcted Reslricted Funds Funds Total Funds 2023 Fundraising events Unrestricted Restricted Funds Funds Total Funds 2022 Fundraising events 56 56 8. Investment income Unreslllcted Total Funds Funds 2023 Unrestricted Total Funds Funds 2022 Bank interest 9. Other income other incoming resources Consists of costs recharged to parents including uniforms. photos and outings. Restricted Totsl Funds Restricted Total Funds Funds 2023 Funds 2022 Miscellaneous recharges 1804 1,804 1.328 1,328 14
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 10. Expendlturo on charitable activities by fund type Unrestricted Restricted Fund5 Funds Total Funds 2023 Preschool education Support costs 43,205 23,087 1.296 66.292 1,296 43,205 24,383 67,588 Unreslricted Restricted Funds Funds Total Funds 2022 Preschool education Support costs 37.798 1,744 21,810 59,608 1,744 39,542 21,810 61,352 11. Expènditure on charitabl8 activities by activity type Activities undertaken Support directly osts Total Funds Total Funds 2023 2022 Preschool education Governance costs 66,292 66,292 1.296 59,608 1.744 1,296 66.292 1,296 67,588 61.352 12. Net expenditure Net expenditure is stated after chargingl{crediting): 2023 2022 Depreciation 3,389 3,389 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Employer contribution51o pension plan5 43.271 262 40,114 617 43.533 40,731 15
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 13. Staff costs (continued) The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 Number of staff - Type 1 Number of staff - Type 2 No employee received employee benefits of more than £60.000 during the year (2022: Nil). 14. Trustee remuneration and expenses Trustees are not remunerated for their services. 15. Tangible fixed assets Land & Fixtures & Buiklings Fittings Equipment Totsl Cost arried forward at 1 May 2022 Additions 81,981 61.356 25,000 168,337 At 30 April 2023 81,981 61,356 25.000 168,337 Deprèclation At 1 May 2022 Charge fof the year 59,026 3,279 61,136 110 25.000 145,163 3,389 At 30 April 2023 62,306 61.246 25,000 148,552 Carrying afflount At 30 April 2023 19.675 110 19.785 At 30 April 2022 22.955 220 23,175 16. Debtors 2023 2022 Prepayments and accrued income Social security and other taxes 1.109 171 929 1.280 929 16
LITTLE DOVES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 30 APRIL 2023 17. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income Social security and other taxes 840 984 64 840 1,048 18. Penslon and other post retirement beneflts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £262 (2022.. £416). 19. Analysls of charitable funds At 1May 2022 At 30 April 2023 Income Expenses Unrestrlcted funds 60,029 33.811 43,205 50,634 Restrlcted funds 24.383 -24.383 20. Analysis of net assets between funds Unrestricted Restricted Total Funds Total Funds Funds Funds 2023 2022 Tangible fixed assets Current assets Creditors less than 1 year 19,785 31.689 -840 19.785 31.689 -840 23,175 37,903 -1,048 Net assets 50,634 50.634 60,029 17