THE PAROCHIAL CHURCH CO'u'NCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH

A`NNUAL REpoRT AND ,FiNANaA,L sTATEMENTs FOR THE yEAR ENDED 31 DECEMBER 2019

Registered Charity Number 1134349 2019 REpORT AND AccOuNTs FOR THE pAROcHIAL cOuNaL OF TliE EccLEsi,ASTlcAL pARlsH oF I(ENVVYN WITH ST ALLEN

Table of Contents Page Number

Trustees Report 2-5

Independent Examiners Report

Statement of Financial Activities

Balance Sheet

Notes to the Financial Statements 9-13

Page 1 2019 REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH 0F I(ENVVYN WITH ST ALLEN Parish of Kenwyn with St Allen Annual Report 2019

Vicar PCC Secretary Revd Chris Parsons Mrs Helen Perry Kenwyn Vicarage 11 Trevaylor Close Kenwyn Church Road TR13DR Truro TRllRP

Parish Mission Statement 1. To support and nurture the spiritual development of oLlr members, young and old. We aim to do this by worshipping, praying and learning together as a church and with Christians of other traditions and by being prepared to embrace new challenges on our I.ourney of faith.

2. To foster Christian spiritual development in those outside the main church community. We do this through evangelism, through contact with schools, by welcoming newcomers and nurturing new believers of all ages.

3. To serve and support the needs of our own communities and further afield. We do this by visiting the elderly, the ill & the bereaved, by offering support to families and by engaging with churches and charitable organisations at home and abroad through prayer and financial support.

4. To support and encourage each other in our daily life and to bear witness outside the church community. We do this by responding to the needs of one another and by encouraging all kinds of individual involvement in our local community.

5. To support the Church of England's National Environmental Campaign to address in faith, practice and mission the issues of sustainability and climate change. We do this by challenging, encouraging and supporting each other to live and work in a more sustainable and environmentally sensitive way.

The Parochial Church Council

The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers measure. The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC is registered with the Charity Commission, number 1134349. PCC members, both current and during 2019, are as follows:

Clergy: Rev Christopher Parsons (Chairman)

Churchwardens: Mr David Burgess (2018) Mr Adrian Hare (2011) Mr Martin Wright (2017) Mrs Sally Searle (2013)

Deanery Synod: Mrs Jane Cameron (2018-2020) Mrs Helen Perry (2017-2020) Mr Martin Wright (2019-2020)

Mr Robert Perry, ex-officio member, sits on Deanery Synod for Parish of St Mary, Truro, & elected representative on Diocesan Synod.

Elected members: Mr Arthur Carveth (2018-2021) Mr John Dean (2017-2020) Mr John Richardson (2017-2020) Mrs Maureen Rick ford (2017-2020) Mr chris wells (Vlce-chairman) (2018-2021) Mrs Maureen Woodhouse (2019-2022)

Page 2 2019 REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL 0F THE ECCLESIASTICAL PARISH OF I(EN\^/YN WITH ST ALLEN

The appointment of PCC members is governed by and set out in, the Church Representation Rules.

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.

Treasurer: Mrs Karen Harris is not a member of the PCC but attends meetings and reports on financial issues in an advisory capacity.

Day to Day Management This is delegated to the Vicar, Rev Chris Parsons.

Financial information Bank: (main account) Bank: (projectaccount) Barclays Bank plc Lloyds Bank plc 14 King street 15 Blackheath village Truro London TR12RB SE3 9LH

IndeDendentExamin_ipr Chris Dennis, BSc, CIPFA (affil) Community Accounting Services Kernow (CASK) 15 Liskey Hill Perranporth , TR6 0ET

Church Location

Kenwyn Church () TR13DR is located at Ordnance Survey Grid Reference: SW819459 St AIlen Church (St Alunus/St Alleyne) TR4 9QX is located at Ordnance Survey Grid Reference: SW822507

Parish statistics for 2019

Number on Electoral Roll: 89 Baptisms: 12 Confirmations: 0 Weddings: 8 Wedding Blessing 1 Funerals: 16 in church, 3 at Crematorium Attendance: St Allen: Under 16: 2 Over 16: 28 Kenwyn: Under 16: 3 Over 16: 52 (Average on a normal Sunday)

PCC Policies

The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states the PCC is to coroperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC regularly reviews policies and procedures: The agreed reserves policy is to keep in reserve sufficient funds to cover six months expenditure from the general fund, excluding Mission and Ministry fund payments and any charitable giving. Health and safety policy has been regularly reviewed and risk assessments undertaken where required during 2019. A Safeguarding co-ordinator is in place who is responsible for child protection and the care of vulnerable adults. Training courses arranged by the Diocese are available.

Page 3 2019 REPORT AND ACCOUNTS FOR TH\E PAROCIIIAL COUNCIL 0F THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN

PCC Committees Six full PCC meetings took place during 2019. These meetings are supported by the Standing Committee, and the Fundraising & Social Committee comprised of PCC and non PCC members, and the (inactive) Parish Development Fund Committee. There is also an Environment Committee which meets infrequently. Reports are made to the full PCC where final decisions are made. The work Of the committees is outlined below:

Standing Committee The Standing Committee is composed of all four Churchwardens, Assistant Treasurer Robert Perry, and Vice Chairman of the PCC Chris Wells, under the leadership of Rev Chris Parsons. Parish Treasurer, Mrs Karen Harris, attends meetings in an advisory capacity. The role of the committee is to support the PCC by reviewing matters arising within the Parish and taking urgent decisions as required.

E_undraising & Social Committe_e The com`mittee met five times during 2019 to discuss suggestions for raising money and to organise social events within the Parish. During the last year a series of smaller events and coffee mornings were arranged. A full report appears in the Annual Reports for 2019.

Ep_vironmentalcommitt_eLe This committee includes members with special interest in environmental issues and meets on an ad hoc basis. No meetings were held during 2019.

Parish Development Fund Committee ThemainpurposeofthePDFistofinanceactivities,itemsorprojectsthatdevelopoutreachinthewidercommunityofthe parish as well as to fund projects within the churches that it might not be possible to finance from general income. This committee did not meet during 2019 and no applications for grants were made during the year. The primary source of funding is the investment income from the Rabey bequest. Due to financial constraints little monies are currently available.

TheVicarandtheChurchwardensformtheTrusteesfortheRabeybequest.ThisTrustisprimarilyfortheupkeepofStAllen Church and Churchyard, but monies may be disbursed elsewhere at the Trustees discretion.

Financial Review

My thanks again to Robert Perry -a great help as Assistant Treasurer.

Overall income has maintained its level compared to 2018 (£99,849 -2019: £95,354 -2018)

Costs 2019 2018 £ £ Operational 94,187 101,360 Other 7,986 594

102,173 101,954

£7,369 of 2019 costs relate to structural surveys on the bell tower at Kenwyn in advance of a project to maintain the structure. Otherwise operational costs have been well managed

The total loss for the year on normal activities is £2,324 however there was significant gain in the value of our investments during 2019 of £42,010 to 31/12/19, leading to an overall increase in Parish funds of £39,686. Again for 2019 and 2020 the Trustees of the Rabey fund have directed that the income on the fund be used for PCC costs, priority being given to St Allen expenses, and a note is in the accounts to that effect. The PCC continue to look at income raising strategies, particularly to cover unexpected (unbudgeted) costs.

Karen Harris PCC Treasurer

Page 4 2019 REPORT AND ACCOUNTS FOR THE PAROCI]lAL COUNCIL OF THE ECCLESIAS"CAL PARISH 0F KEN\^/YN WITH ST ALLEN

General Review

ln 2019 we continued with our usual pattern of services, `Welcome Wednesday' and of course, a number of occasional offices which are always good opportunities to meet people jn the parish and to share the love of God with them. It has been especially good to see the number of families attending the Tea Time Service growing as well as the appreciation for the calibre of the music at the monthly Choral Evensong. Fundraising is an ever present need, and this year we had a number of coffee mornings to help raise funds, with various groups hosting them. In .addition, some monies were raised towards a defibrmator to be based at Epiphany House. It is expected that this will be installed in the not too distant future. Special thanks goes to Martin Wright who, due to the ill health of the speaker, stood in at short notice to give a presentation on the windows at Kenwyn Church, which inspired the production of some church window trails.

The second Homegroup had to be suspended temporarily due to the home of one member no longer being available. It is hoped to begin this again not too far into 2020.

Members of the Pastoral Team, including myself, Bob Humphries and David Letcher, have continued to visit and take Home Communion to members of the Church who are not able to come any longer or who have been unwell. MygratefulthanksgotoallwhoareinvolvedinchurchministryonewayoranotherandwhosofaithfullyserveGodinthe ways they feel called to do. I would encourage you to continue praying for the ministry and work of the church and PCC members so that all we do is undergirded by prayer

Overall,2019hasbeenaproductiveyear-peopleworkingtogetherinmanyandvariedways,tobringGlorytoGod.

As ever, looking forward, in the light of our contribution to the Ministry and Mission Fund, together with the added costs of maintaining our buildings to a good standard and paying for unexpected repairs, the need to ensure we have sufficient income remains a challenge, but thank you for the ways in which you respond to the challenges we are presented with. I am extremely grateful to the people who worked so hard to ensure the smooth running of the parish while I had a three month sabbatical. I will be talking more about this at the Wednesday Fellowship meeting in April.

We are being encouraged by the Diocese to think of ways in which we can work more collaboratively with other churches and denominations. I meet regularly with the clergy from the Anglican churches in the Truro Cluster' and Churches TogetherisanotherforumwherewemeetandworktogetherforthebenefitoftheTruroareaasawholeworkingtogether on joint initiatives. Again, your prayers are appreciated.

Rev Chris Parsons Vicar

Page 5 2019 REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIl. Of: TI+I ECCLESIAST]CAL PARISH OF I(EN\^/YN WITH ST ALLEN

Independent Examiner`s Report to the Members of the Parochial Church Council of Kenwyn with St Allen

I report on the accounts for the PCC for the year ended 31 December 2019, which are set out on pages 7 -13.

Respective responsibilities of trustees and examiner

The trustees of the charity, the members of the PCC, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination js needed.

lt is my responsibility to:

• examine the accounts undersection 145 of the 2011Act; • follow the procedures laid down in the General Directions given bythe charity commission undersection 145 (5)(b) of the 2011 Act; and • state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examinationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonoftheaccountspresented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention:

1. Which gives me reasonable cause to believe that in any material respect the requirements:

a) to keep accounting records in accordance with section 130 of the 2011 Act; and

b) to prepare accoimts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached rfT*!fJ-

Chris Dennis BSc, CIPFA (affil) 15, Liskey Hill CASK Perranporth Cornwall TR 6 0ET

Date 23rd March, 2020

Page 6 2019 REpORT AND AccOuNTs Foe THE pAROcHiA[ cOuNciL OF THE EccLEsiASTicAL pARlsH OF I(EN\^/YN WITH ST ALLEN

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2019

\R estri cted `E ndowme nt TotaL| unrestricted unrestricted PIEiE fnds Designated funds funds 2019

•Funds

££ £££

INCOME AND ENDOWMENTS

Voluntaryjncome 61,92 6 1,540 4,183 67,649 64,185 Activjtjesforgeneratingfunds 113 113 99 Churc.h Activities 8,577 85ri7 7 SR;8 •lflco me fro'm I nvest`mewts 0 21,843 1,.667 0 23,510 23,132 Other\income

TOTAL INCOME 70,616 23,383 0 99,849 95,354

EXPEND1"RE 'C`hurch activities 94,187 617 7,36© 102,173 101,805 costofralsingfunds 0 0149 TOTAL EXPENDITURE 94,187 617 0 102,173 101,954

NET(EXPENDITURE)/]NCO`MEBEFO\RE

INVESTMENTGAINS (23,571) 22,766 (1,519) (2,324) (6,600)

N'ET(LOSS[S)/GAI`NSO'N`'"VE`S"EtLNTS 27,927 12,316 1,767 42,010 (3,216)

NET INCOME / (EXPENDITURE) (23,571) 50,693 10,797 1,767 39,686 (9,816)

RECLASSIFICA"ON 0F FUNDS 0 000

TRANSFER BETWEEN FUNDS 23,605 (22,278) (1,327) 0 0

NET MOVE`MENT IN 'FU`NDS 34 28,415 9,470 1,767 39, 686

TOTAL `FUNDs tBROUGHT foRWARD 9 17,741 176,908 74,564 16,314 285,527 295,343

TOTAL FUNDS CARRIED FORWARD 17, 775 205,323 84,034 18,081 325,213

Page 7 2019 REpORT AI\iD AccOuNrs FOR THE pAROcHIAL cOuNaL OF THE EccLEsiASTicAL pARlsH oF I(ENVVYN WITH ST ALLEN

BALANCE SHEET AS AT 31 DECEMBER 2019

2019 2018 £ £ Notes FIXED ASSETS Lychgate 10,000 10,000 Investments 281,918 239,908

CuRRENT ASSETS Debtors and prepayments 6,974 5'572 Cash at Bank and in Hand 31,589 33,421 TOTAL ASSETS 330,481 288,901 LIABILl"ES Creditors falling due within one year 7 5,268 3,374 TOTAL NET ASSETS 325,213 285,527

PARISH FUNDS

U nrestricted 9&10 17,775 17,741 U nrestricted Designated 9&10 205,323 176,908 Restricted 9&10 84,034 74,564 Endowment 9&10 18,081 16,314 325,213 285,527

Approved by the Parochial Church Council on I-_.4!P+______fJ__±d+ 3bic,

And signed on its behalf by :

v,. ``. /i, / £`f i&ro ...... ,,,,I,,,,,,,,,,,,,, Karen Harris Rev C Parsons Treasurer Chairman

...... ,.,,,,,,,,,,z,ff-WJL Chris WeHs Vice Chairman

Page 8 2019 REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIl. OF TIJE ECCLESIASTICAL PARISH OF KEN\^/YN WITH ST ALLEN

NOTES TO THE FINANCIAL STATEMENTS

Basis of financial statements The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities SORP 2015 (FRS102) and updat,e Bulletin 1. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

Fund accounting Endowment/unds are funds, the capital of which must be retained either permanently or at the PCC's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established.

Resfrt.cted/unds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unresfr/.ctec//unds are income funds which are to be spent on the PCC's general purposes.

Unresfr/.cted Pest.gncrtedfunds are general unrestricted funds that have been designated by the PCC for a particular Purpose.

Income Planned giving, collections and similar donations are recognised when due. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt js considered probable and the amounts due are reliably quantifiable.

Expenditure Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The Diocesan parish share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Reserves Policy The Policy for the General Account is to maintain reserves at the level represented by 6 months' estimated expenditure, excluding expenditure on meeting the Diocesan Mission and Ministry Fund liability and any charitable giving.

Fixed assets Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.

/nvestments are valued at market value at 31 December 2019

Current Assets Short term deposits include cash held on deposit with the CBF Church of England Funds

Page 9 2019 REPORT AND ACCOUNTS FOR THE PAROCHIAL cOuNCIL Of THE ECCLESIAST.ICAL PARISH OF KEN\^/YN WITH ST ALLEN NOTES TO THE FINANCIAL STATEMENTS (cont)

1 INCOME AND ENDOWMENTS Unrestricted Unrestricted Restricted Endowment Total 2019 2018 Funds Designated Funds Funds Funds ££ 1 a) Voluntary Income Planned Giving

Gift Aid donations Kenwyn 26,832 St AIlen 3,275 Tax Recoverable 11,335 Other

Kenwyn 980 2,528 St AIlen 288 Collections (open plat_e_I Ke"ryn 5,760 St AIlen 7,439 Donations~ Other Donations 5,967

Fabric Fund -Lychgate

Fabric Fund -organ fees 1,540 Fabric Fund -donations

Tapestry Cross sales 50 Legacies

61,926 1,540 67,649 64,185

1 b) Activities for Generating Funds Magazine sales 113 99 113 99

1 c) Income from Church Activities

Church and hall hire fees 110 65 Clergy fees -weddings/funerals 6,190 6,373 Heating -weddings/funera ls 1,745 360 Administration -wedds/funerals 532 313 Lychgate Donatio ns 0827 8,5it7 7 #3;RI

1 d) Income from ]nvestmelits Kenvyn CCLA Deposit Account Interest Miss Noon All Saints House

ldless

St Allen

CCLA Deposit Account Interest 057 Rabey(D) 16,998 16,998 16,845 Lanyon St Allen ( R ) 322 322 0 21,843 1,667 0 23,510 23,132 ue|E - at the end of each financial year the Trustees of the Rabey Fund will decide on the use of the Rabey Income for the following financialyear.For2019and2020itwasagreedthattheincomebeallocatedtothePCC,ptoritisingStAllenexpensesforitsuse.

Total Income 70,616 23,383 5,850 0 99,849 95,354 Page 10 2019 REPORT AND ACCOUNTS FOR TI+E PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KEN\^/YN WITH ST ALLEN

NOTES T0 THE FINANCIAL STATEMENTS (cont)

2 EXPENDITURE Unrestricted uurestricted Restricted Endowment Total 2019 Total 2018 Funds Design a ted Fu nds Funds

Funds ££

2 a) Church Activ.lties Ministry : Diocesan parish share 60,748 60,748 57,855 other ministry costs 11,827 11'827 13,274 Church Running and Maintenance 13,914 13,914 14,827 Church Repairs 5,124 617 7,369 13,110 12,024 Garden of Remembrance 0 0 Lychgate Costs 804 804 2,465 Charitable Donations 1,351 1,351 1,148 Independent Examination Fee 400 400 200 Other Payments 19 19 13 94,18 7 617 7,369 0 102,173 101,805

2 b) Cost of raising funds Gift Aid administration Other costs

Total Resoul.ces Expended 94,187 617 7,369 0 102,173

3 STAFF COSTS 2019 2018 ££ Wages and salaries 6 I JR:] 6 I n:]

Duringthe year the PCC employed a Children and Family Worker (part time) but payments were not large enough to attract social security costs

3 a) PAYMENTS TO PCC MEMBERS A small immaterial portion of the expenses paid to the incumbent may have related to his services as chairman of the PCC

ANALYSIS 0F TRANSFER BETWEEN FUNDS U nrestricted u nrestricted Restricted Funds Designated Funds ££

Transfers from designated income to cover costs 22,278 (22,278)

Restricted funds for tower expense 1,327 (1,327)

23,605 (22,278)

Page 11 2019 REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL `OF THE ECCLESIASTICAL PARISH 0F I(ENVVYN WITH ST ALLEN

NOTES TO THE FINANCIAL STATEMENTS (cont)

5 FIXED ASSETS U nrestricted Restricted Endowment Tota I Investments ££ ££

Market Value per accounts January 19 155 ,141 68,45 3 16,314 239,908

U nrea lised gains to 31 December 2019 27,927 12,316 1,767 42,010

Market Value 31 December 2\019 183,068 281,918

6 CuRRENT ASSETS

U nrestricted U n restn.cte d Restricted Endowment Total 2019 2018 F unds Designa ted Fu nds Funds Funds 6 a) Debtors and prepayments

£ Income Tax Due (Gift aid) 2,296 1,142 VAT reclaim (Lychgate) 0 0 VAT reclaim (Tower and Clock) Other 0 0 I nsura nce (prepayment) 2,725 2,675

Investment Income

Miss Noon 439 77 Rabey U nrestricted 1,437

Separate funds held Donations

5,021 1,876 77 0 6,974

6 b) Bank and Cash

Short Term deposits 2,709 16,117 1,266 20,092 20,560 Barclays and Lloyds 5,313 4,262 1,922 11,497 12,861 8,022 20,379 3,188 0 31,589

LIABILITIES Amounts falling due within one 2019 2018 year (all unrestricted funds)

Fees for Occasional Offices owed to Diocese Sums owed but not yet paid I ndependent exa minatio n Expenses secretary

Electricity

Gas Children and Family Worker Water

Repairs 0469 Donations 076 Other amounts held 00 5,268 3,374

Page 12 zoi9 REpORT AND AccOuurs FOR THE pAROcHIAL cOuNaL OF THE EccLEsiASTlcAL pARlsli oF KEN\^/YN W[TH ST AL.LEN

NOTES TO THE FINANCIAL STATEMENTS (cont)

8 FUNDS

Desienated Funds comprise the bequests of Miss Noon (85%) and AII Saints Parsonage House Restn-cted Funds comprise the Gill Organ Fund -forthe maintenance of the organ in Kenwyn Church and Kenwyn Windows Fund Miss Noon Bequest (15%) -to be spent on the maintenance of the belfry and fabric of Kenwyn Church and Endowment Funds comprise the ldless Fund -to be used solely for the repair and upkeep of Kenwyn Church, St Allen Lanyon -for the maintenance of St Allen Churchyard

SUMMARY OF FUND MOVEMENTS u nrestricted unrestricted Restricted E ndowment Tota I Funds Designated Funds Funds £££ ££

Balance at 1 January 2019 17,741 176,908 74,564 16,314 285,527

Income 70,616 23,383 5,850 0 99,849 Expenditure (94,18 7) (617) (7,369 ) 0 (102,173) Investment Gains 0 27,927 12,316 1,767 42,010

Transfer between Funds 23,605 (22,278) (1,327) 00 Balance at 31 December 2019 17,775 205,323 84,034 18,081 325,213

1o SUMMARY OF ASSETS BY FUND U nrestricted u nrestricted Restricted E ndowment Tota I Funds Designated Funds Funds ££££

Fixed Asset - Lychgate 10,000 10,000 Investments 183,068 80,769 18,081 281,918 Current assets 13,043 22,255 3,265 38,563 Lia bi'ities (5,268) (5,268) 17,775 205,323 84,034 18,081 325,213

Page 13