Charity règistration number SC015356 TORRIDON MOUNTAIN RESCUE TEAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
TORRIDON MOUNTAIN RESCUE TEAM LEGAL AND ADMINISTRATIVE INFORMATION Tru$t IAppDinled 7April 2024} (Appointed 3 November 2024} (Appointed 3 November 20241 Senivr Maagement Chairperson Ttea5urer T8am Le¥der Training OffiGer Training Offi'r£r Deputy Team Le8der Dppyty Te8Tll Leader Medical Officer Charity Trumber SC015358 Indepondont •xamlm•r MacKenzie Kerr Limited Chartered AGcountanls Redwood 19 Cuhjuthel Road Inverness IV2 4AA
TORRIDON MOUNTAIN RESCUE TEAM CONTENTS OF THE FINANCIAL STATEMENTS Page TftJstee$' feport Independ¢nl exarllinefs report Stalemènl of financial acttvilies 8818n¢e sheet Notes to the financtal ststemenls 6-12
TORRIDON MOUNTAIN RESCUE TEAM TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The Iruslees present their annual report #nd financial statements for the year ended 3Q Novèmbèr 2024. The finanaal statements have been PTepared in accordanc8 wÈth th? attounling policies sel out in note I lo Ihe financigr Statements and Comply with Ihe chartly's 9overning document, the Charitie5 and Trustee Investmènt {Scotlandl Act 2005, the Charities Accounts IScotlanJl Regulations 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounttng and Reptsrting by Charities.. Stalemenl of Recornrnended Piactice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 ObJÈetive¥ and activitles The charitable purpose of Ihe Charity is the savÈng of lives. The obiÈctives of the Charty are lo provide, free of charge, a mountain r¢s¢ue service for members of the public who arè injured, lost, missing or immobilised anywhere in the mountains Of elsewhere,. to grganise c(Foperation between interested parties., to acquirts. maintain and hold in readiness al equipment and apparatus necessary for carrying out the organisalion's purpose5". and lo afford opportunities IQF members ol thè organisalion to practise thg sknlls required foi carryin9 out the primary objects of the organisalion. Achievements and perfonnance Significant 8ctivities and achievenpnls against objecliv68 Torridon Mountain Rescue Team continues lo operate as a sueeèsslul rescue organisadon. All team members 8rtr unpaid volunteers. We rely heavily on donation5 to operale, induding to allend callouts. maintain rescue equipment. deliver regular training and opèr31è our rescue base. our learn is available any day of the year to assist those in need. Our national represenlalive body is SMR and we arè dèployed under the authority ol Police Scotland. The majority of our operations arè silu8l&d in the Torridon area. This area nclvdes challenging terrain over 17 Munros. We also PTovidè support for ntrighbourin9 r•$¢u• t8am&. in¢ludin9 Dundonnall and Kinlail Éjnd th¢ Scottish Cave fteacu¢ Organisaiion. Joint Iraining with the$e teams has aided cooperation in callouts. Recer)I callou15 have required a high level of technical expertise. We have demonstrated we are a strong, reslIent team with good technical ability. We conllnue to build a strong locus on leatnwork to aid rèscue efforts. A mentee schemè has been re-established in 2025 foF new recruits, lo foster knowlodga Iiansfer between team members and support retention of new recruits. Maintenance work has recenly been e2rried out lo the base exteritsr. Further work is rèquired over the coming months lo ensure the building remains fit for purpose. We conlinue lo support local events, which helps raise our profilè and generate donalions for TMRT. Support for w4 new local events is being trialled this year. Financlal revlew Our main sotjfce of funding is Ihrough donslions and grants Irom Scottish Mountain Rescue and poli Scolland. A surplLSS of £2.392 has been made during this financial year compared lo a surplus of £80,()47 last year. In Ihe view ol the Iru$lees. the Charity has sufficlenl reserves to enable it to continue to operate for the forèsèèable lulure. Stru¢ture, governance and managemtrnt The Charity Is a Scottish Charitable Incorporatèd Organisallon (a SCIOI. It was Tegi51ered with the Scottish Charity Regulator IOSCR} in ils current legal form on 17 November 2015. The charity was previously a Charitable Company Limited by GLbaranlee, registered in Swlland (number SC2764471 under the name "Torridon & Klnlochewe Mountain Rescue Team" Ils legal fomi was chanoed lo a SCIO and assels ol the Charitablè Company Limtted by Guarantee We transferred to the SCIO, at registratirjn. on 17 November 2015. It has a single lier structure and as such the Irustees are the members of the charity.
TORRIDON MOUNTAIN RESCUE TEAM TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 ed during the year and up lo Ihe date ol slgnature of thè financial stgm•nls wer&- {Rosigned 3 November 20241 (Appointed 7 April 20241 (Apptsinted 3 November 2024) (Appoinlod 3 Nvvembei 20241 RecruiTm8ntand AppoiotllJ8nl of Iwst&8S Ttuslees are elected at each anrMBI general meeting with the requirement that a tnajority of Ihe truslees shall be team members of the Charlty. 11 Is the pdiryy of th& Charity IL) appoint Iruslee8 With sbgnificanl experience of the Team's activities to ensuré th•t Ihay are lamiliai with the values, aiffls and responsibilitles as the designatgd Iruslees of Ihtr Charity. St4l•mgnt of trustees. rnspon6lblllWes Thè Iru$lee5 are responsible for preparing th8 Tntstee8' Report and the finana818tatements in accordon¢e with applir2ble law and United Kingdom Accounting Standards {Unit8d 'ngdoM Generally Accepled AOntIng Practice}. The law applicabl& t¢ tharklie5 in Scotland requires the trustees to prèparè fin)ncsal s¢atemtrnts lor eath tinancial year whith give a twe and fair view of the stale of 3ff8irs of Ihe diarily and of lh¥ inGoming resources and appkcats.on ot resou&S ol the charty for that yèar. In preparing th$e finanL¥al slalements. the tmstees Are required to.. select svitable aDting pijiryes and then apply thèm con$istenlly', - observe Ihe methods and princieS in the Charfties SORP". make judgements and estimate5 that are reasonable and prudent.. stale whether applicablfr a¢wunting standards have been followed, subject to any material departures disdosed and éxplained in the f nancial statements.. 2nd piepare the financial statemenls on the going concem basis unl6ss it is InapproprFat2 lo presume that 1hÈ tharity wll continue in operation. The Iru51ees ar& responsible lor keeping sufficient account#ig reeords Ihal disclDs8 with ?sonable accuracy al any lime the financol p0SOn of the charrty and en8ble them to e¢)sure that IhB financial siatemenls comply with Ihe Charib"es Tiustee Invesiment (Scollandl Att 2005. the Cbarities AcCnIS (Scoyandl Regu5ations 21X)6 and the pravtrsions of the trust deed. They are also rèsponsible for safeguardiDg the assets of the charity arsd hance for taking reasonabk steps for the prevention and deleclign of fr8ud ané olher irregularities. The trLJStee5' report W3s approfftd by Ihe Board of Trustees. rustee 21 Augusl 2025
TORRIDON MOUNTAIN RESCUE TEAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TORRIDON MOUNTAIN RESCUE TEAM I repc¢rt on the fancIal statements of thè charity for the year ended 30 Nov8mber 2024. whiL are sel out on pages 41012. Rp5pective respon5ibillties of trustoes and •xamln&r The charity's trustèes arÉ rèsponsible for the preparation of the finanrial slatementg in ac£ordan¢e wlh the tems of the Chariltes and TSlee Inveslmenl (Scotlandl Act 2005 and the Charities Accounts {Scotlandl Regulations 2006. The charity Imstees that the audit requirement of Regulats'on tOl1llal-Ic) of th¥ Charities ALU)unt5 {ScotL4ndl Règul8b"OFE$ 2008 does not apply. It my responsibilrty lo examine Ihe fan81 stBternents a$ required under se¢tipn 4411)Icl of the Charities and Trusleg lllve51tnenl Iscolland) Acl 2005 and lo ste whether patts'culai matters have come lo my attentson. B8818 of ind•p•nd•nt •xamingrf8 ststement My examination Is camed out in accordan¢e with Regulation 11 of the Charities AGcoun15 Iscotlanul Regulations 2006. An exammalion includes a review of the accounting records kept by Ihe charrty and a comparison (Jf the fir¢ancial slalemenls presented wilh those r&cDrds. 11 also includas considgralitsn of any unusual rtems or disclosures in Ihe financial stalemenls. and seeking explanatlDns from Ihe tiuslees concerning any such mattÈrs. The procedures undertaken do not provide all th& Ekiden¢e Ihal would be requtrred in an audit and consequently I do not express an audit Opinion on the triew given by the tinan¢iBI statement& Ind¢pondent examinefJ ststemènl In the course of my examination. no maller h8s come ID my allgnlio 1. which m8 reasonable cause to believe that in ary material respect the reqvlrem8nls'. lo keep accounting iecoids in ar[dance with SedKJn 4411llal of Ihè Charities and Tiustee Inveslmeni (Scotlandl Act 25 ané RegUlat)n 4 01 the Charities Accournts {S¢ollandl Re9ul8lions 2CYJ6. and lo prepaie IinanrJal ststements which accord with the accounliw re¢[d5 and c4mply with Reoulation 8 of Ihe Charities Accounts (Scotlandl Régulallons 2(K have not been met. or 2. to which, in my oplnion, attention should be drawn In order lo enable a proper understanding ol the finan(ial statnentS lo bo reached. gc Chartered A¢cotsrlants Rethvood 19 Culdulhel Road Invefnèss IV2 4AA 21 Augu$t 2025
TORRIDON MOUNTAIN RESCUE TEAM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrgstrf¢tsd R*strl¢tsd funds funds 2024 2024 Total Unrestrlcted Restrictsd funds funds 2023 2023 Totsl 2024 2023 Not•s Income from: Dona150n8 and legacies Investments 47,636 2,479 4,065 51,701 2,479 146,668 1,579 1.640 148,328 1,579 Total In¢omè 50,115 4,065 54,180 148,267 1,640 149.907 Expendlturo on: Charitable activities 47,815 3,973 51,788 67.930 1,930 69,860 Total expenditur• 47,815 3,973 51.788 67.930 1.930 89,860 Wet income 2,300 92 2,392 80,337 1290) 80.047 Trtnslers beeen funds 92 1921 12901 290 Nel movttment in fund$ 2.392 2,392 80.047 80,047 Reconciliation of funds: Fund balances at 1 December 2023 69S.388 696,388 616,341 616,341 Fund balancès at 30 November 2024 698.780 698.780 896,388 696,388 The statement of financial adivilies indudes all gains and losses ieco9nised in the yèar. All income and expenditure dellve from conlinving actiwties.
TORRIDON MOUNTAIN RESCUE TEAM BALANCE SHEET AS AT 30 NOVEMBER 2024 2024 2023 Noto8 FIx8d a¥¥¥ts Targible 4$sel8 389,918 392.567 uff•ntO88ets Debtors Cash al bank and in hand 11 507 310.855 723 305,498 311.362 308,221 CrltO*s. #monIS falllng due within one year 12 12,$001 {2.4001 Net currènt a$s•ts 308,862 303,821 TL>tsI assets less curf•nt Ilabllitte$ 69B,780 6,388 Tho fvnd8 of the trity UnteslriGted ndS 14 698,780 696.388 698,780 696,388 The firnCial statèmÈnls were approved by the trustees on 21 August 202S Jru3lee
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 AccountEny poli¢le$ charity irsf0rn7ation Toriidon Mountain Rescue Team is a Scottish Charitable Incorporated Organisalion ISCIOI regislered with the Office of the Scottish Charities Regulator {OSCRI. Il's principal address is 22 Bumside Teiiace, Gairtoth, IV21 2BY. 1.1 Accountlng ¢onvention The finanaal statements have been prepared in accordance with the ¢haTtIVs governing document. the Charities and Trust¢¢ Investment Iscollandl Act 2005, the Charities A¢¢ounts IS¢ollandl Re9ulalion5 2006. FRS 102 "The Financial Reporting Standard applicable in thè UK and Republic of Irgland" and the Charities SORP "Accounting and Reporting by Charities." Slalemenl of RecomFnended Pradi¢e applicable lo charities preparing thèir aocounts in accordance with the Financial Reporting Standard applicable in the UK and ReputAi¢ of Irdand IFRS 102}'. Th8 charty is a Public Benefit Enlily as defined by FRS 102. The ¢harily ha5 taken advantage of Ihe prowyon5 in the SORP for charitie8 not to prepaie a statèmenl of ¢8sh fflows. The financial statements are prepaied in sterling, which is the fvnclional currency of the ch8rity. Monetary amounts in these financi81 ststemenls are rounded to Ihe n¢atgsl £. The financial slatemenls have beèn preparèd under the histor¢cal cost convention. The principal accoullting poliues adopled are set out below. 12 Going concem At the time ol approving the finanaal statemenls, the truslees have a rgasonable expèctatton that the charity has adequate resoufces to continu$ in oper8lion81 existence for thè loreseeable fvture. Thus the trustees Goiilii)(se Iv aUl Ilie yviiiy GDnGein ba515 of accountÉng In preparfng ihe flnan¢iai $teMentS. 1.3 Charitsble fvnd$ Unr&stri¢ted funds ale available lor tsse at the discretion of the trustees in furtheranctr ol Iheii charitable o*"e¢lives. Restricted funds ale subject to specific conditions by donors or grantors as to how Ihey may be used. Thtr purposes and uses of the rpsliicled funds are set out in thè notes lo the financAal ststements. Endowment lunds are subject to sp&Crf conditions by donors that the capilal must be maintained by the charity-
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting polle1 Ictsntinuedl 1.4 Income Income Is recognised when the ¢harity is legally entitled lo il after any performan¢e corKlrtions have beet) mèl. the amounts can be measkjrèd reliably, and rt is probable that Èncome will be reeeived. Cash donation5 a recognisèd on r¥ceipt. Other donations are ie¢ogni5ed once Ihp charity has been notifièd ol the d(>nalion, unless performancÈ conditions require delefral of the amount. Income tax recoverable in relaty'on lo donations received ynder Glft Aid or deeds of covenant is recognised at the time of the donation. Lega¢ie$ are recognised on receipt or otheiSe if the charily has been notified ol an impending distribution, the amount 15 known, and receipt is expected. If th8 amount 15 not known, the legacy is trealetJ as a ntingènt asset. 13 Expèndltur• Expenditure is rewgnised or thero is a legal or conslrLKtive obligallon lo fransfer e¢onornic benefit to a third party, il is probable that a transfèr of economic benefits will btr r¢qusred in s6tttèmènl, and the amount of the obligation be measured celiably. Expenditure is classified by activity. The costs of ead) activity are made up of the total of direct costs and shared cost5. including support costs involv¢d in undertaking each activity. Direct costs attributable to a single 8clivity are allocated directly lo that activTrty. Shared costs which contribute lo more than ono activily and support costs which are not attributable to a single aclivily are apportioned bÈlween those adivilies on a basis ¢on51s1ent with the use of resource5. Central staff costs are allocated On the basis tsf time spent. and depreciation charges are allocated on the portion of the a55et's use. 1.6 Tanglble fixed assets Tangible fixed assèts are Fnitially measured al c051 and subsequently measured al wst or valuation, net of depreaation and any impairment losses. Depiecialion is recognisod so as lo wrÉte off the cost or valuation ol assets lèss their residual values tsver their usgftjl b.vos on the followin9 bases.. Freehold land and buildings Fixtures, fittings and equipmeni Mtstor vÈhides 2/0 reducing balan¢& 20% reducing balance 20% straight line The gain or los$ aiising on the disposal ts18n a55el is determined as the difference belwèÈn the sale proceeds and the carrying v31ue of the ass¢l, and is recognised in the statement ol financial adiville5. 1.7 Impairnient of fFxd a$$*ts Al each reportlng end date, the charity reviews the carrying amovrbls of ils tangtble assets to dgtgrmine whèther thèrè 15 any indication that those a55ets have suffèred an irnpairment loss. If any such indication exists, the ¢verable amount of the 83set is estimated in order to delemiine the extent of the impaimiènt loss Irf any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude c8sh in hand, deposits hèld al call with banks, other short-term liquid investments wilh original maturiti8s of three months or less. and bank oveldrafts. Bank overdrafts are Shown within borrowings in current ItabilitiÈs.
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accountlng polici9¥ Icontinuedl 1.9 Financbal Instrumènts The charity has elected lo apply the proVs1onS of Section 11 'BaS Finanaal Instruments, and Sèction 12 'Other Financial Instruments Issue5. 01 FRS 102 to all of its financial instmments. Financial instnimènls ale recognised in the ¢harty's balance sheet when the ehartty bEMe8 party to the contractual provisions of the instrument. Finan¢ial a55ets and liabilities are offset, with thè net amounts presented in the finantial statements, whtrn there is a leyally enforceable right to set ofl the rÈcogni$ed amounts and ther¢ is an intenlion to settle on 8 net basis or tts ièalise the asset and settle the liability simultaneously. Basic financialassets Basic financial a5sels, which include debtors and t*sh and bank balances, are initially measured al transaction price including transaction wsls and are subsequently carried 21 amortised cost using the effective intÈrèsl method unless the arrangernent constitutes a finarring transaclion, whefe the Iransaction is measured al the present valuè ol the future receipts discounted al a market rate of interest. Financial assets dassified as receivablè within one year are not amortised. Basic flnaneial li•bilities Basic financial liabilities, including Credito and bank loans are iniliany recognised 31 transaction price unless the arrangement constitutes a financing transaction. whefe the debt in51fumenl is measured at the present value of Ihe fthure paytnenls discounted at a market rate of interest. Financial liab51ilies classified as payable within one year are not amortised. Debt instruments are subsequently ¢arrted al amortised cost, using the effective interest rale method. Trade crèditors are obligations to pay for goods or seN¥¢es th81 have been acquired in the ordinary course ol operations from supplier5. Amounts payable tt das5ified as curient liabilities if payment is due within one year or less. 11 not, they are presented as non-curonl Ihabililies. Trade creditors are recognised inilialty al transaction price and subsequently ffleasured at amortised eosl using the effedive InteSt method. Derecognition of Ilnanel•lli•bililies Financial liabilities are derecognised when the ch8rity'5 contractual obligations expire or arè discharged or caneellèd. 1.10 Employee benefits The cost ol any unused holiday enlitlemeni Is recognised in the period in which th& employeè's Services are rècoivÈ(l. Termination beneffits are reco9nised immèdi8lely as an expense when the charity is demonstrably mmitted to terminate the employment of an employèè or to prowde terminalion benefits. Income from donatlons and1¢ga¢Èes Unr•$tricted Restrlcted fund$ funds 2024 2024 Totsl Unrestricted R¢$tri¢ted funds funds 2023 2023 Total 2024 2023 Donation5 and gift5 Granls 31,20CI 16,436 31.200 20,501 124.469 22,219 124.469 23,859 4,(5 1,640 47,636 4,065 51,701 146,688 1.64D 148.328
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 In¢ome from investments Unrestricted Unwestrlcted funds funds 2024 2023 Interest iecewable 2.479 1,579 Expendltur¢ on ¢harit*ble activiti•s Mountain rescue servicè 2024 Mountaln rescue service 2023 Direct costs Depreciation atxl impairmenl Team training Team equiptnenl and consumables Team expenses Legal and prolessional Vghicle expenses Sundry expenses 15,478 5.855 10.284 11,335 35 3,665 2,156 13,798 12,447 29,513 6,131 35 4,468 668 48.8Q8 67,060 Share of support and governance costs {$•¢ note Sl Govern3n¢& 2.98CI 2,800 51,788 69,860 Analysis by fund Unrestricted funds Restricted funds 47,815 3,973 67,930 1,930 51,788 69,860 Support ¢osts allocated to activities 2024 2023 Govemance c051s 2.980 Analy¥ed between: Mountain rescue service 2.980 2.800
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Net movement in funds 2024 2023 The net movemènt in funds 1$ stalèd 8fiÈr chargng1(credIts"n9j.. Fees payable for the independent examination of the charity's financial statements DepreCiatn ofowned langible fixed assets 2,9BO 15,478 2,800 13.798 Tru$t¥ès None of the trustees lor any peTsons connected with them) received any remuneration or benefits frorn the charity during the year. Employee$ Thg average monlhly number of employees during the year was.. 2024 Number 2023 Number Total There were no employees whose annual remuneration was more Ihan £60,000. Taxation The charity is exempt Irom taxation on its actimties because all its income is appligd foi charitable purpose5. 10 Tangible fixed aSBets Frgohold land Flxtuvos, nd bulldlt)os fittlngg arid 04tslwnent Motor Tatal Cost Al 1 Dècèmbef 2023 Additsons 362.296 53,783 12,829 46,851 462,910 12,829 At 30 November 2024 362.296 66.592 46,851 475,739 Depreriat*on and impairment Al 1 D&Gernbei 2023 Deprec6ation Charggd in tho year 1,973 36.049 6.108 32,321 9.370 70,343 15,478 At 30 November 2024 1.973 42,157 41.691 85,821 Carrylng amount AI 30 November 2024 360,323 24,435 5,160 389,918 At 30 November 2023 360,323 17.714 14,530 392,567 10-
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 11 Debtors 2024 2023 Amounts falllny due within one year: Other debtors 507 723 12 Crèditors.. arnounts falling duo within one year 2024 2023 ArualS and deferred income 2,$00 2.400 13 Restrl¢ted funds The r851ricted funds of the charty Comprise the unexpended balances of donations and giants held on trust stsbjecl to specifK Gondilions by donofs a5 to how they may be usa(l. Inttsrning re80ur¢es Resourc•¥ expend Transfers At30 November 2024 Doc¢mr 2023 Training funds 4,065 (3,9731 1921 Previous yeor. At1 Decembor 2022 Ineoming sour¢¢s Re¥ourc&s expend•d Trnnsfers At30 November 2023 Training funds 1,840 {1,9301 Trainin This represents funds provided by Swtti5h Mountain Rescue UKSAR TrainÈng Fund to be used Specifically lowards team training cosls. 14 Unrg$trictsd funds The unrestricled funds of the charity comprise the unexpended balan¢es of donations and grants which are subject to specrfic condth'ons by donor5 and grantors as to how thèy may be used. These include dpsignaled lunds which have been set asid& out of unrestricted fLtnds by the trustees for specific purposes. At1 Oerevnber 2023 Incomlng resources Transfer# At30 November 2024 axpènded Gènèral funds 696,388 50.115 147,8151 92 698.780
TORRIDON MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 14 Unrestri¢tgd fLtnd$ Iconttnuedl Previous year- At1 December 2022 InGomln9 Resource¥ r¢$ource$ expend•d Transfers At30 November 2023 General funds 616.341 148,267 167.9301 12901 696,388 15 Rèlatèd party transa¢tions There weie no dis¢los8ble related party transactions during tho y&ar12023- none}. 12-