STGCKPGRT CARE SCHEMES(operating as Stockport Car Scheme)

FIINANCllAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

lRegistered Charity No. 1691546

COMMUNITY ACCOUNTANCY SERVICE LTD

THE GRANGE

PILGRIM DRIVE, BESWICK

MANCHESTER M11 STQ

PAGE NUMBER CONTENTS

TRUSTEES ANNUAL REPORT

INIDEPENDENT EXAMINERS REPORT

STA II EMENT GF FINANCIIAL ACTIVITIES

BALANCE SHEET

STATEMENT GF CASH FLOWS

NOTES TG TIHE ACCOUNTS

(FGR MANAGEMENT PURPOSES ONLY)

INCOME 8 EXPENDITURE ACCOUNT

IRepovt of tlhe trustees fov tlhe year ended 31."March 2619The trustees present their annual report and financial statements of the charity for the year ended

3.1' Mavclh 2019.Tlhe financial statements Ihave been prepared in accordance with the accounting policies set out in

note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and

Accounting and Reporting by Clharities: Statement of Recommended Practice applicable to charities

preparing tlheir accounts in accordance with the Financial Reporting Standard Applicable in the UK

and Repulbllic of Ireland published (IFRS 102) (effective 11anuary 2015).

Clhavity Name: Stockport Cave Sclhemes

Clharity INumbev: 1091546

'll vustees

Tlhe trustees and officers senling during the year and since the year end were as follows:

Ms Helen O'Sulllivan Clhaiv

IMvs Cllaive Bakewellll Treasurer

Mr Andrew Wavdle

Mr Cllive Callton

Mv George Berry

Clllr. Christine Covvis

O' Tlheresa Rogers

Key management peisonnell: Trustees and 08vectovs

IMls Helen O'Suillhvan Chair of Trustees

Senllov vnanagevs

IMlrs Susan Peck

IRegisteved Office

Tlhe Heatons Centre, Thornfielld Road, Heaton Moov, Stockport, Cheshire, SK4 3LD

Ilndependent IExamlners

Community Accountancy Service ILimited

Tlhe Glange, Pilgrim Drive

Beswick, Manchester

M11 3 IIQ

Bankers

IRoyal Bank of Scotland pic, Albert House, 2 Station Road, Cheadle Hulrne, Cheshire, SKB 5AE.

Olbjec5ves and activitiesThe purposes of the charity are to promote the relief of persons who are aged, sick or who havedisabilities and are in need of care and support, by provision of support services and information tosuch persons and their carers in Stockport; to carry out such other charitable purpose or purposes astlhe Trustees in their absolute discretion shall from time to time determine.

The trustees confirm that they have referred to the Charity Commission's guidance on public benefitwhen reviewing tlhe Charity's aims and objectives, in planning future activities, and setting thepolicies for tlhe year.

The charity furthers its charitable purposes for the public benefit through using volunteer driverswIho use their own cars to take people who struggle with public transport to social groups, daycentres, medical appointments visiting friends and family and shopping to reduce social isolation andIhelp people stay welll and independent in their own homes.

Structure, governance and managementStockport Care Sclhemes is registered as a charity with the Charity Commission (dated 5'" April 2002).

AppGintment Gf trusteesAs set out in tlhe constitution trustees are elected annually by the members of the charity attendingtlhe Annual General meeting and serve for a period of 1 year, following which they may offerthemselves for re-election. Ilhe Executive Committee shall consist of not less than 3 members notmore tlhan 22 memlbers.

Trustee inductiGA Bnd trainiing

New trustees are given a Trustee llraining and Guidance Pack which covers:The obligations of the Board of TrusteesThe current financial positionFuture plans and objectives

OrganlsatllGA

Tlhe Iboard of trustees administers the charity. The board normally meets formally four times a year.A manager is appointed by the trustees to manage the day-to-day operations of the charity.

Rellatecl parties Bnd cG-Gpera'tllGA with Gther GrganllsatlonsNone of our trustees receive remuneration or other benefit from their wor'k with the charity. Anyconnection between a trustee or senior manager with any service providers must be disclosed to thefull Iboard of trustees in the same way as any other contractual relationship with a related party. lntlhe current year related party tsansactions are reported in Note 6.

II tile rnallA achllevements dull'IAg the yeBr were:

Continuing the contract with Stockport MBC with 6 months remaining and a possible 2 yearextension

Providing Itransportation to over 3,500 clients

Using over 80 volunteers to drive and assist with the administrative functions of theorganisation

IFIIABAcllBII review

Total incoming resources were IE228,753 (2018 IE219,384).II otal resources expended welI e 8219,476 (2018 f209,443).

Overall the net movement in funds was E9,277 (2018 IE9,941), before actuarial gains and lossesrelating to the pension sclheme.

Ilnvestment powers Bnd pollicy

Tlhe trustees, having regard to the liquidity requirements of operating the charity and because it onlysecured llong term funding during the year, have kept available funds in a current account. lt is

currently exploiting the options to deposit funds into a longer term higher interest account.

Reserves pollicy Bnd goiing concern'Illhe Iballance held iin unrestricted reserves at 31"March 201.9 was f171,762 all of which is freereserves, after allllowing for funds tied up in tangible fixed assets.Tlhe trustees aim to maintain free reserves in unrestricted funds at a level which equates toapproximately six months of runniing cosits (currently f109,700). The trustees consider that this levelwilli provide sufficient funds to respond to applications for grants and ensure that support andgovernance cos'ts are covelI'ed.

Having consideredl financial forecasts and the current level of reserves the trustees consider that thecllllall illty Ils B going coAcell A.

Rllslk Plllanag&Bllent

The trustees have conducted a review of the major risks to which the charity is exposed and systemshave been estalblislhed to mitigate those risks.

Tlhe main lisk willi always be the need to maintairl grant funding. The organisation is continuallymoniitored Iby Stockport MBC to ensure it meets its requirements. Additionally it seeks other sourcesGf grant fundllng to help rnaIAtaIA Its services.

TG conitinue to recruiit volunteer drivers and adminlstratlon staff to meet the demand fromcllients and partners in the contract

To maintain an innovative approaclh for providing transport to our clients. These clients may

Ihave multiple disabilities os through deterioration of health need accessible transport.

To continue networking ancl collaborating with organisations providing health related

Trustees responsilbilities in rellatlon to tlhe financial statementsTlhe charity trustees are responsible for preparing a trustees' annual report and financial statementsin accordance witlh appllicalblle Iaw and United Kingdom Accounting Standards (United Kingdom

Generally Accepted Accounting Practice).

Tlhe law applicable to charities in England and Wales requires the charity trustees to preparefinancial statements for each year which give a true and fair view of the state of affairs of the charityand of tIhe incoming resources and application of resources, of the charity for that period. In

preparing the financial statements, the trustees are required to:

Select suitable accounting principles and then apply them consistently;Olbserve tlhe methods and principles in the applicablle Charities SQRP;

Make judgments and estimates that are reasonable and prudent;State whether applicable accounting standards have been followed, subject to any materialdepartures that must be disclosed and explained in the financial statements;Prepare the financiall statements on a going concern basis unless It is appropriate topresume that tlhe clharity willi continue in business.

Tlhe trustees are responsilble for keeping proper accounting records that disclose with treasonableaccuracy at any time tlhe financial position of the charity and to enable them to ensure that thefinancial statements comply witlh the Clharities Act 2011, the applicable Charities (Accounts andIReports) Regulations, and the provision of the Trust deed. They are allso responsible for safeguardingthe assets of tlhe charity and taking reasonable steps for the prevention and detection of fraud andotlher irregularities.

IMs Helen O'Sulllivan

IlNBKPFiNDEM' EXAMIINKRS REPORT TO THE TRUSTEES OVSTOCKPORT CARE SCHEMES

RKGIISTKRKD ClNARIITY WO. 1091S46

1 report on tlhe accounts of the charity, for the Year Ended 31st Ma~ch 2019 which are set out onpages 6 to 14.

Respective Responsilbillities aaf"Trustees and Examiner.Tlhe clharity's trustees are responsible for the preparation of the accounts. The charity trusteesconsider tlhat an audit is not required for this year aander section 144(2) of the Charities Act 2011(the 2011 Act) and tlhat an independent examination is needed. The charity is preparing accruedaccounts and I am qualifaed to undertake the examination by being a quallifaed member of theInstitute of Clharteaed Accountants in England and %'ales.

lt is my responsibillity to:examine tihe accounts unde~ section 1l45 of the 2011 Act;follow tlhe procedures laid down in the general Directions given by the CharityCommission under section 145(5)(b) of the 2011 Act; andstate whether particular matters have come io my attentioaa.

8@sias Ot' Ilndependent Examiners ReportMy examination was callTaed out lln accordance wath the General Daaectlons given by the CharityCommission. An examination includes a review of the accounting records kept by the charity anda comparison of the accoamts presented with those records. It also includes consideration of anyunusual items or disclosures in the accounts, and seeking explanations from you as trusteesconcerning any suclh matters. The procedures undertaken do not provide alll the evidence thatwould be required in an audit, arad consequently no opinion is given as to whether the accountspresent a "true and fair view" and tlhe report is hmited to those matters set out in the statementbelow.

Ilndependent Kxamaner's Statementln connection with my examinaiaon, no matter has come to my attention:(1) which gives me reasonalblle cause to believe thai in any material respect the requirements:

to keep accounting records have in accordance with section 130 of the 2011 Act; andto prepare accounts which accord with the accounting records and to comply wiith theaccounting requirements of the 2011 Act,lhave not been met; or

(2) to wlhich, iaa raay opinion, attention should be drawn in order to enable a proper understandingof tlhe accounts io be reached.

Signecl: CL...4. . '~-C. .M~~~EI. Anderson MA FCA CTADate: 13'" September 2019

Community Accountancy Service LtdThe Grange, Pilgrim Drive, Beswiick,Manchester, Ml II 3TQ

S fQCKPQRT CARIE SCIHEMES

STATEMEN'll' QIF IFINANCIAL ACTIVITIES FQR THE YEAR ENDED 31 INARCH 2019

Notes

TotalUnrestricted Restricted Funds

Funds Funds 2019E F

TotalFunds2018

E

INCOME FROM:

Donations

Chantablle Activities

TOTAL

(2)

107,810

114,000

221,810

6,943

107,810

120,943

99,384

120,000

6,943 228, 753 219,384

EXPENDITURE ON:Charitable Activities (215,602) (3,874) (219,476) (209,443)

TOTAL (3) 215,602) (3,874) (219,476) (209,443)

6,208 3,069 9,277

Actuarial Gains(Losses) on defined benefitpension sclheines

NE'T MOVEMENTIN FUNDS

5,429

11,637 3,069

5,429

14,706

373

Reconcilliation of IFundsTotal IFunds Brought ForwardI GTAIL IFUNIDS CARIRIED FGRWARD (11)

160,125171,762 3,069

160,125 149,811174,831 160,125

The statement of financial activities includes all gains and losses in the year. All incoming resources andresources expended derive from continuing activities.

The notes on pages 9 to 14 form part of these accounts.

Motes

2019

FIXED ASSETS 2,874

CURRENll ASSETSIDebtors and PrepaymentsCash at Bank 8 in Hand

2,246218,097

2,248208, 723

LIABILIITIES:Amounts falling due within one yeai 9

Met Current Assets

220,343

(31,174)

210,971

(29,635)

181,336

PROVISIONS FOIR LIABILITIES:Defined benefit Pension SchemeAsset (Liabiliity)

MET (LIIABILI I IES) I ASSETS

THE FUNDS OF THE CHARITY

10 (17,212)

174,831

(25,522)

160,125

IRestricted FundsUnrestricted Income Funds

3,069171,762174,831

160,125160,125

Approved on behalf of the Trustees Management Committee

Trustee Helen O' Sullivan Chair

Trustee Claire Bakewell Treasurer

The notes on pages 9 to 14 form part of these accounts.

INet rnovernent in funds

Add Iback depreciation

IDecrease/(increase) in debtorsIncrease/(decrease) in creditors

2619

14,706

1,4372

(6,771.)

2618

10,3141,437

28, 28910,399

9,374 50,439

Caslh fllows lirorn investment activiities:Purclhase of Fixed Assets (5,748)

INet cash provtded by investing activities

lncreasel(decrease) in cash and cash equivalents during the year

(5,748)

44,691

Cash and cash equivalents brought forward

Caslh and caslh equtvallents carried fomard

208,723 164,032

218,997 298,723

1.Accounting pollicies

iIa) Basis of preparation and assessmenf of going concernThe accounts (financial statements) have been prepared under the historicai cost convention withitems recognised at cost or transaction value unless otherwise stated in the relevant notes to theseaccounts. The financial statements have been prepared in accordance with the Statement ofRecommended Piactice: Accounting and Reporting by Charities preparing their accounts inaccordance with the lFinancial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)issued on 16th July 2014 and the Financial Reporting Standard applicable in the United Kingdom andRepublic of Ireland (FRS 1I02) and the Charities Act 2011.ll he clharity constitutes a public benefit entity as defined by FRS 102.The trustees consider that there are no material uncertainties about the charity's ability to continue asa going concel n.

(lb) IFumlls stiuciiureRestricted funds are funds which are to be used in accordance with specific restrictions imposed by thedonor. There are no restricted funds at the year end.Unrestricted income funds comprise those funds which the trustees are free to use for any purpose infurtherance of the charitable objects. Unrestricted funds include designated funds where the trustees,at theii discretion, have cieated a fund for a specifiic purpose.Furtlher details of each fund are disclosed in note 11.

(c) income i ecognitionAII income is recognised once the charity has entitlement to the income, it is probable that the incomewilli be ieceived and the amount of income receivable can be measured reliably.Donations are recognised when the charity has been notified in writing of both the amount andsettlement date. In the event that a donation is subject to conditions that require a level of performancebefore the charity is entitled to the funds, the income is deferred and not recognised until either thoseconditions are fully met, or the fulfilment of those conditions is wholly within the control of thecharity and it is probalblle that those conditions will be fulfilled in the reporting period.Interest on funds heild on deposit is included when receivable and the amount can be measured reliablyby the charity; this is normally upon notification of the interest paid or payable by the bank.

(d) lExpenditure fIIecognitionlLiabilities are recognised as expenditure as soon as there is a legal or constructive obligation committingthe charity to that expenditure, it is probable that settiernent wiil be required and the amount of theobligation can be measured reliably.All expenditure is accounted for on an accruals basis. All expenses including support costs andgovernance costs are allocated or apportioned to the applicable expenditure headings. For moreinformation on this attribution refe~ to note (g) bellow.

(e) llraecoveralblle VAY

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

(f) Allocation of support ancll governance cositsSupport costs lhave been allocated between governance costs and other support costs. Governancecosts comprise all costs involving the public accountability of the charity and its compliance withregulation and good practice. These costs include costs related to independent examination and legalfees togethe~ with an apportionment of overhead and support costs.Governance costs and support costs relating to charitable activities have been apportioned based onstaff time and the usage of facilities and services for management purposes.The clharity has the free use of a room for rnanagernent meetings and increasingly uses teleconferencingfacilities.The allocation of support and governance costs is analysed in note 4.

(g) Chariitable ActivitiesCosts of charitable activities include governance costs and an apportionment of support costs as shownlln note 3.

INGTES 7G 7HE ACCGUIM75 IFGR THE yEAR ENDED 3X MARCH 2M9(h) Tangilblle fixed assets and depreciationAll assets costing more than E500 are capitalised and valued at historical cost. Depreciation is chargedon the following basis:Furniture 8 ONce Equipment 25% on cost

3.9

/i) IDebtorsTrade and other debtors are recognised at settlement amount due after any trade discount offered.Prepayments are valued at the amount prepaid net of any trade discounts due.

0) Creditors and ProvisionsCreditors and provisions are recognised where tlhe charity has a present obligation resulting from a pastevent that will probably result in the transfe~ of funds to a third party and the amount due to settle the obligationcan be measured or estimated ieliably. Creditors and provisions are norrrially recognised at their settlementamount after allowing for any trade discounts due.

(Ik) Reallllsed gains and lossesAll gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains andlosses on investments are calculated as the difference between sales proceeds and their openingcarrying values or their purchase value if acquired subsequent to the first day of the financial year.Unreallised gains and losses are calculated as the difference between the fair value at the year endand their varying value. Realised and unrealised investment gains and losses are combined in

the Statement of Financial Activities.

IIt) IPensions

The charity recognises a liability measuied as the present value of the contributions payable thatarise from the deficit recovery agreement and the resulting expense in the income and expenditure accounti.e. tlhe unwinding discount rate as a finance cost in the period in which it arises.A provision is made for liabilities beyond the standard contributions Note 10.

IIm) Contingent lliabititles

There were no contingent liabilities at 31st March 2019 (2018 Enil).

fn) 7axatlonThe charity willi apply for an exemption to tax on income and gains, due to its charitable status thereforeno provision for taxation has been made in the accounts.II he charity is not registered for Value Added tax.

Grants ReceivableSMBC GrantCo-op Grant

2. INCOME FROM CHARITABLE ACTIVITIESUnrestricted

2619

114,000

TotalFunds2619

114,0006,943

TotalFunds2618

120,000

114,000 120,943 120,000

3. EXPENI3IITURE GN CHARITABLE ACTIVIITIES

RentStaff Salaries and NlCStaff PensionsStaff Motor ExpensesVolunteer ExpensesIDBS ChecksTransport CostsRoom Hire

Activity Costs 5 RefreshmentsSundlnesPublicityinterest ChargesSupport CostsGovernance Costs

ActivityCosts

IL'

7,29774,931

2, 174446

82,955210

38,00027365453

349408

11,096630

TotalIFunds2619

7,29774,931

2, 174446

82,955210

38,00027365453

349408

11,096630

TotalFunds2618

7,10771,798

2,465409

77,284160

40,000132460407

3568,247

618219,476 209,443

4. AILLOCATIION GF GOVERNANCE AND SUPPORT COSTSThe breakdown of support costs and how these were allocated between governance and other supportcosts is shown below:

Basis of apportionment

General

Support

Computer System Maintenance8 Minor Equipment

TelephoneIAsuranceRepaIII's 8 MaIAteAaAcePost, Printing 8 StationerySubscriptionsDepreciationBank ChargesPayroll CostsAccountancy IFees

Farilities IJsed

Facilities Used

Facilities Used

Facitities Used

Facilities Used

Facilities Used

Farilities Used

2,8441,732

77442

2,65035

1,437716866

11,096630630

2,8441,732

77442

2,65035

1,437716866630

11,726

STGCKPGRT CARE SCHEMES

NOTES TG TIHE ACCOUNTS IFGR THE YEAR ENDED 31 MARCIH 2619

5. STAFF COSTS

Staff Costs:Wages and SalariesPension CostsEmpiloyers NIC

2619

73,3162, 1741,615

2618IL'

70,0312,4651,767

77,105 74,263

The charity employed 7 staff during the year (average number of employees during the year was 6)with a fulll time equivalent of 3 (2018: 3). The charity considers its key management personnelcomprises the trustees, Manager and Senior Transport Organiser.The total employment benefits, including employer pension contributions of the key managementpersonnel were f48,841 (2018 K45,926). No employee has benefits in excess of F60,000 .

6. TRUSTEES' IREMUNERATIGN AND EXPENSES

No remuneration directly or indirectly out of the funds of the charity was paid or payableduring the year, to any trustee or to any persons known to be connected with any of them.No reimbursement of expenses has been made or is due to be made to any of the trusteesin respect of the year.No trustees were paid expenses in their role as trustees.

7. TANGIBLE FIXED ASSETS

COST at 1st April 2018Additions

l3lsposallsAt 31st Ma~ch 2019

Furniture 5Office

EquipmentE18,886

18,886

Total

18,886

18,886

DEPRECIIAIIIIGN at 1st April 2018Charge for Yearl3lsposailsAt 31 March 2019

14,5751,437

16,012

14,5751,437

16,012

NET BOOK VALUEAt 31 March 2019

At 31 March 2018

8. DEBTORS

2,874

4,311

Prepayments 8 Accrued Income 2,2462,246

2,2482,248

9. LIIABilLITIES: Amounts Falling l3ue Within One Year

Accruals

2619

31,17431,174

2618F29,63529 635

Sil GCKPGRT CARE SCHEMES

NGTES TG THE ACCGUNTS IFGR THE YEAR ENDED 31I MARCH 2019

1I6. PRGVIISIGN IFQR LIABILITIES

Stockport Care Schemes participates in The Pensions Trust's Growth Plan (the Plan), a multi-employer schemewlhich provides benefits to some 950 non-associated participating employers. The scheme is a defined benefitscheme in the UK.Ilt is not possible for the company to obtain sufficient information to enable it to account for the scheme as adefined benefit scheme. It therefore accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on30 Decemlber 2005. This together with the documents issued by the Pension Regulator and Technical ActuarialStandards issued by the Financial Reporting Council, set out the framework for funding defined benefitoccupational pension schemes in the UK.

II he scheme is classified as a 'last-man' standing arrangement. Therefore the company is potentially liable forother participating ernployeis' obligations if those employers are unable to meet their share of the schemedeficit folllowing withdrawal from the scheme. Participating employers are legally required to meet their shareof the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A fulll actuarial valuation for the scheme was carried out at 30 September 2017. This actuarial valuation showedassets of 6794.9m, liabilities of F926.4m and a deficit of f131.5m.To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additionalcontributions willi be paid to the scheme as follows:

IDeficit ContiribvtionsFrom 1 April 2019 to 31 JIanuary 2025 K1I1,243,000 per annum (payable monthly by increasing 3% each

on1 April)Unless a concession has Ibeen agreed with the Trustee the term to 31 January 2025 applies.

iNote that the scheme's previous valuation statement was carried out with an effective date of 30Septemlber 2014. This valuation showed assets of f793.4m, liabilities of F969.9m and a deficit of f176.5m.To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additionalcontribvtions to tlhe scheme as follows:IDeficit Contrtlbvtiions

From 1 April 2016 to 30 September 2028

IFiom 1 Aprill 2016 to 30 September 2025 f12,945,440 per annum (payable monthly by increasing 3% eachon 1 April)

f54,560 per annum (payable monthly and increasing by 3% eachon 1 Aprill)

Unless a concession has been agreed with the Trustee the term to 30 September 2025 applies.

The recovery plan contributions are alllocated to eaclh participating employer in line with their estimated shareof the Series 1 and Series 2 scheme lliabilities.Where the scheme is in deficit and where the coinpany has agreed to a deficit funding arrangement thecompany iecognises a lliability for this obligation. The amount recognised is the net present value of thedeficit ~eduction contributions payable under the agreement that relates to the deficit. The present valve iscalculated using the discount rate detailed in these disclosures. The unwinding of the discount rate isrecognised as a finance cost.

31 March 31 March2019 2018

17,212 25,522

Reconciliation oif Gpenirig and Closing Piovlsions

Provision at Start of the PeriodUnwindiing of the Discount FactorDeficit Contribution PaidRe-measurements - impact of any change in assumptionsRe-measurements - amendments to the contribution scheduleProvision at End of the Period

28, 732356

(3,193)(373)

25,522

(3,289)157

(5,586)17,212 25,522

AssumptionsIRate of Discount

llhe discount rates shown above are the equivalent single discount rates which, when used to discount the futurerecovery plan contributions dve, wovld give the same results as using a full AA corporate bond yield curve todiscount the same recovery plan contribuiiions.

ST'GCKPGRT CARE SCHEMES

NGTES TG II HE ACCGUNTS FGR THE YEAR ENDED 3"l MARCH 2019

10. PRGVISIONS (cont. . .)

Deficit ContributiionsThe proposed recovery plan for the Growth Plan aims to eliminate the deficit via a combination ofadditional contributions from employers and investment returns over a period of 6 years from 1 April 2019.Additional contributions are required from 1 April 2019 at a rate of E2,856 per annum for 5.83 years by 3% p. a.A provision to cover these amounts has been made in the accounts.

The company must recognise a liability measured as the present value of the contributions payable thatarise from the deficit recovery agreement and the resulting expense in the income and expenditure accounti.e. the unwindiing discount rate as a finance cost in the period in which it arises.lt is these contributions that have been used to derive the company's balance sheet liability.

11.MGVEMENT IIN FUINDS

Incoming

GutgoingResources: incl. actuarialTransfers revaluations

Pestrfoted Funds:Co-op Grant- revenueCo-op Grant - capital

Unrestricted Funds:GeneralTotal Funds

1,1955,748

160,125 221,810160,125 228,753

(1,000)(2,874)(3,874)

(210,173)214,047

1952,874

171,762174,831

Co-op Grant Capital - this money is fully spent. The balance represents the book value of assets still to bedepreciated.

12. ANALYSIS GF NE II ASSETS BETN/EEN FUNDS IFixedAssets

K

Net Currenlt Provision forAssets Liabilities

IL'

Total

2,874 3,069(17,212) 171,762

2,874:.189,169 17,212 174,831

13. CAPITAIL CGMMIITMENTS

Contracted but not proviided for anil anil