Charity registration number: 108130 iuui Diverse Youth NI Annual Report and Financial Statements for ihe Year Ended 31 March 2023
Diverse Youth Nl Contents (continued) Reference and Administratii'e Dethils Trustees, Report 2to3 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balan¢e Sheet Notes io thc Financial Statcments 8t0 15
Diverse Youth Nl Reference and Administrative Details Trustees 15racl Eguaogic Victory Eng Agbontaen Olumide Michael Adeyeye AugustiDe Egiomo Ayodeji Adedeji Valentine Ekwueme Secretary Bliss Tolani Other Officers Kowther Sirngaldin Ali Osman Shuaib Ibn Sameer Jeetun Charity Registration Number 108130 Principal Offiee 275 Antrim Road Belfast BT15 2GZ Independent Exatniner Nigcl Bcggs FCA CIO NBAS Chartered Accountants 17 Cammoney Road Glengornlley BT36 6HL Page I
Diverse Youth Nl Trustees, Report Thc trustccs prescnt thc a1Ual rcport togcthcr Mith thc financial statements of the charity for thc yeaT endcd 31 March 2023. Objeetives and activities Public benefit Wc organizc social activitics to hclp thcm iTnprovc thcir standard of living and to build and impTOVC thcir socio-communicaliiTe orienlalion and responsi.eneSS in cullural enirironments foreign to their own. We also organize tech-activities to allow the youths, have a taste of what it is lthe to be in a particular tech environment. In a challenging world sueh as ours, ii becomes difficult to choose a way into matuie life. Theses activities give them an insight into M,hat the future might hold and would become. Keeping well is also one of our strntegies and 'e are ivell a?re of the current situation llth youths finding it difficult to step away from their pcrsonal computers. In rcsponsc to that, wc try to tailor fun activities such as bowling, indoor football to help them spend some lime away from their game consoles and PCS. To improve communication in general. we also organise Telei'ision actii'ilies with the youth televtsion where they can express th¢mselv¢s without fear or diffid¢nc¢, thus. improvino their gen¢ral communicativ¢ abiliti¢s. Several TV sessions have been organised with Youth Space and have been very much appreciated by them. The trustees contlnn that they have complied with the requiremenls of section 17 of the Charities Act 2011 to have due regard to the public benefit. Diverse Youths Northern Ireland is a social group constituting youths from disparate ethnic groups. Its purpose is to give the BME youths the opportunity to see and appreciate their environmeni and Ibe world around them.dance published by ibe Charily Commission for England and Wales. Structure? governance and management Financial instruments Objectives andpolicies Thc Lhatily's altivitics cxposc it lu a nutnbcr uf finaDLiaI risks including crcdi( risk, Lash flow risk liquidity risk. The use of financial derivatiN'es is governed by the chariry's policies approved by the board of trustees, which provide Hyitten principles on ihe use of financial detivatives io manage these risks. The charity does noc use derivative financial instruments for speculative purposes. Cash Jlow risk The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The clwity uses foreign exchange fonvard contracts and interest rate swap conlracts to hedge these exposuTes. Interest bearino assers and liabilities are held at fixed rdte to ensure certainty of cash flows. Credil risk The charity's principal r)nancial asseis are bank balances and cash, Irade and other receii'ables. and ini'eslmenls. The ¢harity's credit risk is primarily attributable to its trdde receivables. The amounts presented in the balance sheet arc net uf allowanccs fur doufUl rcceivables. AD alloivancc for impairment is made where there is I identified loss event which, based on previous experience, is evidence of a reduction in Ihe recoi'erability of the cash flows. The credit risk on liquid fimds and derivative financial instruments is limited because the counteTparties are banks Thith high crcdit-ratings a5signcd by intcrnational crcdit-rating agcncics. The charity has no significant concentralion of credii risk, wilh exposure spread over a large number of counterparties and customers. Page 2
Diverse Youth Nl Trustees, Report (continued) Liquidity nsk In ordcr to maintain liquidity to CT]surc thal sufficicnt funds arc aailable for ongoing operations and future developments, the charity uses a mixture of long-tenn and short-tenn debi finance. Further details regarding liquidity risk can be found it] the Statement of accounting policies in the financial statements. The annual report was approved by the trusiees of the cbatity on 0810612023 and signed on its behalf by: Israel Eguaogie Trustee Ayodeji Aboyade Trustee Page 3
Diverse Youth Nl Statement of Trustees, Responsibilities Thc tru5tecs are rcsponsiblc for prcparing thc trustecs, report and the financial 5tatcments IT] accoTdance with the United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Pracrice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which givc a truc and fair vicw of thc statc of affairs of thc charity and of thc incoming rcsourccs and application of resources of the charity for that period. In preparing these financial sthiements, the lrnstees are required to: select suitable accountiTJg policies and then apply theni coTJsistently- observe the metho(Ls and principles in the Charities SORP. make judgements and estimates thai are reasonable and prudent- state whcther applicable accounting standards have beell followed. subject to any material departures disclosed and explained in the financial stalements- and prepare the financial statcmcnts on the going concern bas.is UDles5 it is inappropriate to presume tbat the charity will coniinue in business. Thc trustecs are rcsponsiblc for kccping PTOPCT accounting TeCOTds that disclosc with reasonablc accuracy at any time the financial position of the charity and enable them to ensure thal the financial statements comply with the chtleS Act 2011, the Charitics {Accounts and Rcports) Rcgulations 2008. and the provisions of the conslitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking rcasonablc stcps for thc prcvcntion and dctcction of fraud and othcr irrcgularitics. The trustees are responsible for the mainienance and integrity of the corporate and financial inf0mtIOn included on the eharitable Company's website. Legislation governing the PTeparaiion and dissemination of financial statements may differ from legislation in oiher jurisdictions. Approved by the trustees of the charity on 0810612023 and signed on its behalf by.. Israel Eguaogie Trustee Ayodeji Aboyade Trustee Page 4
Diverse Youth Nl Independent Examiner's Report to the trustees of Diverse Youth Nl I rcport to the trustees on my cxamination of thc accounts of Divcrsc Youth Nl for the year ended 31 March 2023. Responsibilities basis of report As thc charity trustccs of Divcrsc Youth Nl you arc rc5pon5iblc for thc prcparation of thc accounts in accordance 'ith ihe requiremenls of Ihe Charities Act 2011 ('the Aci,). I report in iespect of my examination of tbe Divetse Youth NI'S accounts Larried out under section 145 of the 2011 Act and in carrying out my examination J have followed all the applicable Directions given by the Charity Commission under sectiov) 145(5)(b) of the Act. Independent examiner's statement I have compleied my examination. I confirm ihat no malertal matters have come to my attention in connection N'ith the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of Diverse Youth Nl as required by section 130 of the Act; or 2. the accounts do not accord with those records- or 3. thc accounts do not comply ivith thc accounting Tcquircmcnts conccniing thc fomi and contcnt of accounts set out in the Chariiies {Accounls and RewirTS) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. wkn.ch is llot a matter considered as part of an independent examination. I have no concerns and have come acioss no other mailers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of ihe accounts to be reached. Nigel Beggs FCA Chartered Ac¢ountants Ireland CIO NBAS Chartered Accountsnls 17 Carnmoney Road Glengormley BT36 6HL Date.. 0810612023 Page 5
Diverse Youth Nl Statement of Financial Activities for the Year Ended 31 March 2023 Unrestricted (unds Total 2023 ote Income and Endowments from: Donations and legacies 77,282 77,282 Total income 77.282 77,282 Expenditure on: Raising funds (i9,394) (59,394) Total expenditure (59,394) (59.394) Nel income 17.888 17,888 Net movement in fund5 17,888 17,888 Reconciliation of funds Total funds brought fonvard 13,490 13,490 Total lunds carried lorward 31.378 Unrestricted funds 31,378 Total 2022 ote Income and Endowment5 from: Donations and legacies 44,386 44.386 Total income 44,386 44,386 Expenditure on: Raising funds. (37,307) (37,307) Total expenditure (37,307) (37,307) Net income 7.079 7.079 Net moven]ent in funds 7,079 7,079 Reconeiiiation of fullds Total funds brought fonvard 6.411 6,411 Total funds carried forwaTd 13,490 13,490 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 8. Thc notcs on pagcs 8 to 15 forni all intcgral part of thcsc financial statcmcnts. Page 6
Diverse Youth Nl (Registration number: 108130) Balance Sheet as at 31 March 2023 2023 2022 Iyote Fixed assets Tangible assets 13,552 12.979 Current assets Cash at bank and in hand 27,209 931 Creditors: Amounts falling due within one year 3,869 (420} Net current 95sets 31,078 511 Net assets 44,630 13.490 Funds of the charity: Unrestricted income funds Unrestricted funds 44,630 13.490 Tot81 funds 44,630 13,490 The financial statements on pages 6 to 15 were approved by the trustees. and authorised for issue on 0810612023 and signed on their behalf by-. Israel Eguaogie Trustee The notes on pages 8 to 15 forni an integrdl part of these financial ststements. Page 7
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 l Accounting policies Statement of compliance The financial statements hai'¢ been prepared in accordance with the second edttion of the Charities Statement of Rccommcndcd Practlcc Issucd in Octobcr 2019: thc Financial Rcporting Standard applicablc in thc Unitcd Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Diverse Youth Nl n]eels the dcftnition of a public benefit entity under FRS 102. The accounts (financial slalements) have been prepared under the hisiorical cost conveniion with items recognised at cost or transaction value unless othen¥is¢ stated in the relevant note{s) to these accounts. Going concern Thc trustces considcr that thcrc arc no TnatCTial unccrtaintics about the charity's ability to continue as a going concern. Income and endoTrvmen¢s Voluntary incomc including donations, gifis, Icgacics and grants that providc corc funding or arc of a gcncral nature is recognised when the chariiy has entitlemeni io ihe income. it is probable thal (he income will be received and the atnount can be measured 'llth sufticient reliability. Graftts receivable Grants are recognised when the charity has an eniiilemeni 10 the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheel as deferred income ro be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading thai aggregate similar costs to that category. Where costs cannot be directly attributed to particular hcadings thcy havc bccn allocatcd on a basis consl5tcnt with thc usc of rcsourccs, with ccntral staff costs allocated on the basis of time spent, and depreciaiion charges alloca*d on the ponion of the asset's use. Othcr support costs arc allocatcd bascd on tbc spicad of staff costs. Rdisingfunds These are costs incurred in attracting voluntary income, the management of ini'estments and those incurred in trading aclivities that raise FLds. Support Costs Support costs include central funciions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas. or per capita, staff costs by ttLe time spent and other costs by their usage. Page 8
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Goi'ernment grants Goi'ernment grants are recognised based on the acc1 model and are measured at the fair value of the asset received or receii'able. Grnnts are classified as relating either to revenue or to assets. Grants relating to reiwenue are recognised in income oi'¢r the period in which the related costs are recognised. Grants relating 10 assets are rccogniscd ovcr thc cxpcctcd uscful lifc of thc as5Ct. Wbcrc part of a grant rclating to an assct is dcfCCd, it IS recognised as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of ihe Finance Act 2010 and therefore it meets the definiiion of a CharibIe company for UK cory)oraiion tax pury)oses. Accordingly, the charity is potentially exempt from t&xaiion in respect of income or capital gains received within categori¢s covercd by Chapter 3 Part I l of the coOrali01) Tax A 2010 01 SeLtion 256 of the Tdxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets IndiN'idual fiAcd asscts costing £0.00 or MOTC arc initially rccoTdcd at cos( Icss any subsequent accumulatcd depreciation and subsequent accumulaled impairn)eni losses_ Depreciation and amortlSation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estinted residual value, oTr'eT their expected useful economic life as follows= Asset class Office EquipJnent Depreciation method and rate 33.33 /0 Straight line peT a[uM Cash and Cash equiTralents Cash and cash equivalents comprise cash on hand and call deposils, and oiher short-term highly liquid inTrestrnents that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in i'alue. Borroiyings Interest-bearing borrowings are initially recorded at fair i'allle, net of transaction costs. Interest-bearing borrowings are subsequently cartied at aTnortised cost. with ihe difference between the proceeds. net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activitics oicr thc pcriod of thc rclcvant borrowryng. Interest expense is recognised oll the basis of the effective interest niethod aDd is included in interest payable and similar charges. Botrowqngs are classified as current liabilities unless ihe chatily has an unconditlODal tigbt to defei settlement of the liability for at least tt4'eli'e months after the reporting date. Fund structure Untcstricted incomc funds arc genctal fund5 that atc available foi usc at the ttustccs discretion in furthcrance of the objectives of the charity. Page 9
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Flnancial Instruments Cla55ification Financial assets and flljancial liabilities are recognised when the charity becomes a party to the contractual proi'isions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangcmcnts cntcrcd into. An cquity instrumcnt is any contract that cvidcnccs a rcsidual intcrcst ID thc asscts of the charity after deducting all of its liabilities. RecogniÉion and measuremen All finaneial assets and liabilities ale initially measuTed at transaLtion price (inLludin¥ transaLtion costs), exeept for those financial assets classified as ai fair value through profit or loss, Thhich are initially measured at fair value (whiLh is notn]ally thc transaction pticc cxcluding tiansaction cost5). utdcss the dtrangcmcnt LOiis1itulcs a finan¢ing transa¢tion. If an arrangement ¢onstitutes a financing transaction, the financial asset or financial liability is mcasurcd at ihc Prcsent i'aluc of the futurc payments di5countcd at a markd rate of intcrest for a similar debt insirumenl. Financial assets and liabilities are only offset in the statement of financial posilion when, and only w'hen there exists a legally enforceable right to set otT the reco(Fnised amounts and the charity intends either to settle on a net basis, or to realise the assei and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are seitled, b) the charity Iransfers to anoiher party subsianiially all of the risks and rewards of 0ership of the financial asseL or el the chatity. desplte hai."ing retained some, but not all, significant risks and rewards of ownership. has trdn.sferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is dischargrt cancelled or expires. Page 10
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Debt instruments Debt instruments which mcct thc following conditions arc subscqucntly rnca5urcd at amortiscd cost Using the effective interest method.. (a) The contractual relurn 10 the holder is {1) a fixed amount- (li) a positive fixed rate or a posiiive variable rate. or {iii} a combination of a posilive or a negative fixed rate and a p05itii'e variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked io a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leverdged. (c) The contract may provide for a detenninable variation of Ihe return to the holder during the life of the instrument, provided that (i) the new rate 5ati5fies condition la) and the variatioD is not contingent on future events other than { l ) a change of a contractual variable rnte. (2} to protect the holder against credit deterioration of the issuer- (3) changes in levies applied by a central bank or arising from changes in releiTant taxaiion or law- 01 (li) the new rate is a market rate uf interesi and Satisfies condition (a). (d) There is no contractual provision that could. by ils tenns. result in the holder losing the principal amount or any interest attributable to the current peri(Ki or prior periods. (e) Contractual provistons that pern)it Ihe issuer to prepay a debt instwment or perniit the holder lo put it back lo the issuer before maturity ale not contingent on future events. othei than to proiect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in Icvics applicd by a central bank or arising from changcs in rclcvant taxation or law. (fj Contractual provisions may pern)it the extension of the terni of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended tenn satisfy the conditions of paragraphs (a) to (c). Debt instnllnents that are classified as payable or receii'able within one year on initial recognition and which meet the aboi'e conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impaimient. With the exception of some hedging instrnments, other debt instwments nol meeting Ihese condilions are easured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may bc nil) Icss impairnicnt. Inveslmen¢s Investtnents in non-convertible preference shares and non-puttable ordinary or preference shares (,here shares ale publicly traded 01 Iheit fail value is reliably measuiable) are measuted at fait value through piofil or loss. Where fair i'alue cannot be measured reliably, inN'estmenLs are me&sured at cost less impairnient. Investments in subsidiaries and associates are measured at cost less impaimient. For investments in subsidiaries acquircd for considcrdtiun including thc issue of 5haics qualifying for merger relief, cost is mcasured by reference to the nominal value of the shares issued plus fair value of other con.%ideration. Any premium is ignored. Page I
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) DerivaÉivefinancial inslrumenls Thc charity uscs dcrivativc financial in5truTncnts to reduce cxposurc to foreign cxchange Ti5k and inteTCSt Tate movements. The charity does nol hold or issue derivaiive financial instrnments for speculative purposes. Derivatives are initially recognised at fair value at the date a deriTrative contract is enlered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in slalement of finanLial aLlivilies immediately unleis the detivaiiye is designated and effeclive as a hedging instrument, in which event the timing of the recognition in statement of financial actiiwities depends on the nature of the hedge ielationship. Foir value mÉasuremenl The best evidcnce of fair Tralue is a quoted price for an identical asset in an active market. When quoted prices are unavailable. the price of a receni Iransaciion for an ideniical asset provides ei'idence of fair value as long as there has not been a significant change in economi¢ cir¢umstan¢es or a significant lapse of time since the transaction look place. If the markei is not active and recent transactions of an identical asset on their are not a good estimate of fair value, the fair value is estimated by using a Naluation technique. 2 Income from donations and legacies Unrestricted funds General Tolal funds Grants, including capital grants; Government grat]ts 77,287 77.287 Total for 2023 77.287 77.287 Total for 2022 44,386 44,386 3 Expenditure on raising funds a) Costs of trading activities Unrestricted fund5 General Total funds Note Costs of goods sold Allocated suppon costs 14.316 45.078 14,316 45,078 Total for 2023 59,394 59,394 Total for 2022 37,307 37,307 Page 12
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Total costs 4 Taxation The charity is a registered chariiy and is therefore exempi Irom Lallon. 5 Tangible fixed assets Furniture and equipment Total Cost At l April 2022 Additions 17.538 4,275 17,538 4,275 At 31 March 2023 21,813 21,813 Depreciation At l April 2022 Charge for the year 4,559 4,314 4,559 4.314 At 31 March 2023 8,873 8,873 Net book value At 31 Mdrch 2023 12.940 12.940 At 31 March 2022 12,979 12,979 6 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 112 27,097 931 27.209 931 7 Creditors: amounts falling due within one l'ear 2023 2022 Other loans Other taxation and social security Accwals (3,885) (264) 280 420 (3,869) 420 Page 13
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 8 Funds Balance at I April 2022 Incoming resources Rcsources expended Balance at 31 March 2023 Unrestricted funds Gcncral 13,490 77,287 (59,399) 31,378 Balance at I April 2021 Incoming resourees Resources expended Balance at 31 March 2U22 Unrestricted fund5 General 6,411 44,386 (37,307) 13,490 9 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2023 Tangible fixed assets Currcnt assets Current liabilities 13.552 27,209 3.869 13,552 27,209 3,869 Total nel assels 44,630 44,630 Unrestricted funds General Total funds #t 31 Nlarch 2022 Tangiblc fixcd asscts Current assets 12.979 931 (420) 12,979 931 (420) Current liabilities Total net assets 13,490 13.490 10 Analvsis of net funds At l April 2022 At 31 March 2023 Cash at baTJk and in hand 931 931 Net debt 931 931 Page 14
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) At l April 2021 At 31 March 2022 Cash at bank and in hand ,248 1,248 Nct dcbt ,248 1,248 Page 15
Diverse Youth Nl Statement of Financial Activities by fund for the Year Ended 31 March 2023 Total Total Unreslricted Unrestricted Funds Funds 2023 2022 Income and Endowment5 from: Donations and legacies 77,282 44,386 Total income 77.282 44,386 Expenditure on: Raising funds (59,394) (37,307) Total expenditure (i9,394) (37.307) Nel income 17,888 7,079 Net movement in funds 17.888 7.079 Reconelliation of funds Total fLmds brought fonvard 13,490 6,411 Total funds carried foNard 31.378 13,490 This pagc docs not fortn part of thc statutory fitLancial statcmcnts. Page 16
Diverse Youth Nl Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies (analysed below) 77,282 44,386 Total income 77,282 44,386 Expenditure on: Raising funds {analysed below) {59.394) (37,307) Total expenditure {59,394) (37.307) Nel income 17,888 7,079 Net movement in fund5 17.888 7,079 Reconciliation of funds Total funds brought fonvard 13,490 6,411 Total lunds carried lorward 31,378 13,490 This pagc docs not fortn part of thc statutory fitLancial statcmcnts. Page 17
Diverse Youth Nl Detailed Statement of Financial Activities for the Year Ended 31 March 2023 (continued) Total 2023 Total 2022 Donations and legacies Donations {5) 77,287 UK CJovernment grants 44.386 77.282 44,386 Rai.singfuHds Dire¢t costs Computer softsvare and maintenance costs Accountancy fccs Legal and professional fees Bank charges WagJcs and salarics Staff training Staff welfare Volunteer expenses Rent and rates Light, heat and power Insurance Repaits and maintenance Equipment repairs and renewals Telephone and fax Office expenses Printing, postage and stationcry Trade subscriptions Sundry expenses Cleaning Travcl and subsistcncc Advertisit]g Consultancy fees Management fees Depreciation of office equipment (14,316) (1,441) (601 (59) (551 (6,822) (10,8961 (281) (1,628) (9.405) (47) (1,9511 (750) (5,035) (420) (2,200) (2,500) {165) (6,000) (400) (1,804) (2,186) 12,820) (52) (560) (978) (ioo) (956) (309) {106) {119) (304) (497) (5,768) (894) {150) (1,879) (4,008) (37.307) (4,466) (4,314) (59,394) This pagc docs not fortn part of thc statutory fitLancial statcmcnts. Page 18