Tottenham Community Sports Centre Charity No. 1022202 Company No. 02818821 Trustees, Report and Unaudited Accounts 31 March 2024
Tottenham Community Sports Centre Contents Pages Trustees, Annu31 Report Independent Examiner's Report Statement of Financial Activities 2to6 Summary Income and Expenditure Account Balance Sheet io Notes to the Accounts Ilto19 Detailed Statement of Financial Activities 20to21 Page I
Tottenham Communlty Sports Centre Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 02818821 Charlty No. 1022202 Reglstered Office 701-703 High Road Tottenham London N17 8AD Dlrectors and Trustees The Directors of the charitable company are its Trustees for the purposes of charlty law. The followlng Directors and Trustees served during the year". C. Bennett D. Lewls M. Springthorpe Company Secretary K. Lincoln Accountants Elite Accountants 717 Green Lanes London N213RX Page 2
Tottenham Community Sports Centre Trustees Annual Report OBJECTIVES AND ACTIVITIES The charity's principle artivity is to provide or a55iSt in providingi in the interests of social welfare, facilities for recreation, physical education or other leisure-time occupations for the public at large and, in particular, the inhabitants of Tottenham, being facilities:_ a) of which those persons have need by rea50n of their youth. age, and infirmity or disablement, poverty or soclal and economic circumstances. and bl which will improve the conditions of lrfe for such persons by promoting their physical, mental and spiritual well-being. Our premises are leased from the local authority on a 60 year FRI commercial lease dated 1st April 1992. A wholly owned subsidiary company, Tottenham Comrnunity Sports Centre 703 Club Limited, operates a social club and licensed bar, all profits being covenanted to this company. All surpluses generated from all activities are applied to maintaining and improvlng the quality and range of facllltles available. The Trustees confirm that due consideration has been given to the Charity Commissions guidance on the public benefit requirement and ensure that this is kept under constant supeNision and review. Page 3
Tottenham Community Sports Centre Trustees Annual Report ACHIEVEMENTS AND PERFORMANCE 2023/2024, our 55th year in existence, was a period of growth for us. Our revamped website Itottenharncommunitysportscentre.com) and newly created social media platforms brought us to the attention of a much wider audience. Whilst the number and variation of single lettings increased, this has to be balanced by the increased administrative staffing levels required to manage, update and monitor our social media. Our importance within our community continued its upward trend. lrnportant new links with Haringey Council Northumberland Park Regeneration Team and the Kiyan Prince Foundation were forged with the joint aim of tackling knrfe crime and gang culture by the provision of workshops and sports sessions both within the Sports Centre and in local primary schools. The need to Improve rnental and physical health, giving all ages a focus in lrfe and encouraging community cohesion are paramount to improvin8 our community and it is ever more apparent that our Sports Centre is unique in the strategic role we play in making Tottenham a better and healthier place to live and work. Our 88 member clubs ensure that a whole range of sports and Interests are catered for, with our competltlve and discounted hlre rates providing the opportunity for all ages, genders, races and ethnicities to participate wlthout being excluded by way of cost. furthering our charitable alms of improving the health and well-being of our community. Our clubs are encouraged to have 'open membership" and pass on the benefits of our low hire fees to their members, thereby encouraging greater participation and opportunltles. Tottenham Hotspur Foundatlon's weekly, free of charge fitness sessions are a good example of thls policy and partnership. Page 4
Tottenham Communlty Sports Centre Trustees Annual Report FINANCIAL REVIEW Given the 'non-purpose' built nature and age of the premises in which the Centre operates. the possibility of urgent. substantial repairs to the fabric of the property that the Centre may have to fund from reserves is ever present. While every reasonable effort is made to maintain the property to a high standard, the trustees consider it prudent to maintain a fairly high level of readily available reserves so that significant problems can be dealt with as they arise. The trustees are constantly mindful of the possibility of substantial increases in rent and or business rates - despite the local authority's agreement to fund part of the rent and all business rate charges. With local authority finances generally weak, the trustees believe that this threat must be kept firmly in mind, if not at the forefront of current concerns. With the implications of the three areas of risk in mind. the trustees have a designated "Contingency Fund of £60,000. The Charity is not insulated from outside economic pressures and consequently has seen the cost of energy increase significantly during the year. Together with the substantial cost of general repairs and maintenance, other inflationary pressures and an increase in stafPing costs due to social media management. the Charity incurred a net decrease in funds amounting to £33,922 during the year. The nature of the Centre's activities is such that users of its facilities rn3y sustain injury for which the Centre could be held responsible. The trustees believe that the Centre has sufficient relevant insurance cover to deal with any foreseeable claim. Within the constraints of prudence with regard to the maintenance of adequate reserves to confront the above risks, the trustees are committed to the principle of spending surplus funds on the expansion of facilities as genuine need arises. Our ongoing commitment to improving facilities within our limited budget continued with the refurbishment of the main hall floor. paid for by a donor who wishes to remain anonymous. We were overwhelmed and delighted to be selected by the Captains of the Highgate Golf Club as their Charity of the Year, 2024. Their support in 2024-2025 will be invaluable in our efforts to improve our facilities. Page 5
Tottenham Community Sports Centre Trustees Annual Report STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees are appointed by members of the association. A minimum of 3 trustees must be appointed. Of those appointed, one must retire each year by rotation, although he/she may be re- elected at the Annual General Meeting. Malcom Springthorpe will retire at this yearfs AGM but will stand for re-election. The Trustees carry out both governance functions and also other roles within the trust. Their core functions are: 11 To ensure that the charity remains true to its mission and values 21 To determine its strategy 31 To act as the point of final accountability for its actions and those of its representatives and staff 41 To safeguard its assets 51 Act as a pool of expertise and advice, making this available to staff and volunteers 61 Our Trustees undertake the management role of hirin& firing and holding the head of staff accountable They also liaise between the trust and the outside world.. providing a conduit for information and ideas, representing it and acting as an ambassador for it. Day to day management Is delegated to specified individuals who report to the Trustees on a regular basis. Staffing The Centre operates on a part voluntary / part salaried basis wtth 11 part tlme and 3 full tlme staff all of whom also provided additional voluntary hours along wrth our 10 unpaid volunteers. A part time member of staff was appointed to develop and manage our social media platforms as we look to promote our activities and connect with our community in a more 'modern' way. We are indebted to our band of volunteers, without whom, we would struggle to survive. Motto Our motto remains, Sport for All ....at an Affordable Prlce. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions appllcable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. Signed on behalf of M. Springt Trustee 05 November 2024 pe Page 6
Tottenham Community Sports Centre Independent Examiners Report Independent Examlner's Report to the trustees of Tottenham Community Sports Centre I report to the charity trustees on my examination of the financial statements of Tottenham Community Sports Centre for the year ended 31 March 2024. Responslbllities and basls of report As the charity's trustees of the company (and also its directors forthe purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061.the 2(K16 Act. Having satisfied myselfthat the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of vour charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charty Commission under section 145151 {b) of the 2011 Act. Independent examiner's statement As the charity's gross income exceeded £250.000 your examiner must be a mernber of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exarnination because l am a member of , which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in accordance with section 386 of the 2006 Act ' or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements under sertion 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the financial statements to be reached. Elite Accountants 717 Green Lanes London N213RX 05 November 2024 Page 7
Tottenham Community Sports Centre Statement of Flnancial Activities for the year ended 31 March 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments 11,985 276,261 93,668 917 11,985 276,261 93,668 917 1,787 256,139 81.353 164 Total 382,831 382,831 339,443 Expendlture on: Raising funds Charitable attivities Other 651 4,200 411,902 651 4,200 411,902 3,000 339,791 io Total 416,753 416,753 342,791 Net gains on investments Net expendlture Transfers between funds li 133,922} 133,922) 13,3481 Net expendlture before other galns/(losses) 133,922} 133,922) 13,3481 Other galns and losses Net movement In funds 133,922} 133,922) 13,3481 Reconclllatlon of funds: Total funds brought forward 195,531 195,531 198,878 Total funds carrled fonKard 161,609 161,609 195,530 Page 8
Tottenham Community Sports Centre Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 381,914 339,279 Interest and investment income 917 164 Gross income for the year Expenditure 382.831 339,443 409.239 334,798 Interest payable 18 Depreciation and charges for impairment of fixed assets 7,496 7,993 Total expenditure for the year Net expenditure before tax forthe year 416,753 342,791 133,922) 13,3481 Net expenditure for the year (33,922) 13,3481 Page 9
Tottenham Community Sports Centre Balance Sheet at 31 March 2024 Company No. 02818821 Notes 2024 2023 Flxed assets Tangible assets Investments 13 24,327 loo 31,823 loo 14 24,427 31,923 Current assets Debtors Cash at bank and in hand 15 27.255 128,423 155.678 (18,496) 137,182 26.304 147,488 173,792 110,1851 163,607 Credltors: Amount falling due within one year Net current assets 16 Total assets less current liabilities 161,609 195,530 Net assets excluding penslon asset or Ilablllty 161,609 195,530 Total net assets 161,609 195.530 The funds of the charity Restricted funds Unrestrirted funds General funds 17 17 161,609 195,531 161,609 195,531 Reserves 17 Total funds 161,609 195,531 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2(K)6. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 05 November 2024 And signed on its behalf by: M. Springt pe Trustee 05 November 2024 Page 10
Tottenham Community Sports Centre Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective I January 20151 (Charities SORP IFRS 1021}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Act 2006. Change in basis of accounting or to previous accounts There has been no change to the accounting policie5 (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the Beneral objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestrlcted funds whlch Include a revaluatlon reserve representing the restatement of Investment assets at thelr market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expendlture Is expendlture reported gross in the SOFA. Donatlons and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditure} and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllossesl on This includes any gain or loss resulting from revaluing investment5 to market value revaluation of fixed at the end of the year. assets Gains/llosses) on investment assets This includes any gain or loss on the sale of investments. Page 11
Tottenham Community Sports Centre Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activltles and charitable activities seniices in the furtherance of its objects. including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity is exempt from corporation tax on its charitable activities. Tanglble flxed assets and depreclatlon Depreciation is provided at the followlng annual rates In order to wrlte off each asset over its estlmated useful life: Fixtures, fittings and equipment 15% Straight line All weather 6.67% Straight line Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock Is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value whlch Is the amount the charity would have been willin8 to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 12
Tottenham Community Sports Centre Notes to the Accounts Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the cornpany's cash management. Trade and other credltors Short term creditors are measured at the transaction price. Other credÉtors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development Is wrltten off in the year In whlch It Is Incurred. Forelgn currencles Monetary assets and liabilities denomlnated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange drfferences are are taken into account in arrNing at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownershlp to charlty are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, rf lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligatlon. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualrfying assets, in whlch case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a strai8ht-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate beneflt of incentives is recognised as a reduction of rental expense on a straight-line basbs. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Page 13
Tottenham Community Sports Centre Notes to the Accounts Receipt of donated goods. facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Financial Artivities - prior year Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments 1.787 256, 139 81.353 164 1,787 256,139 81,353 164 Total 339,443 339,443 Expenditure on: Charitable activities 3,000 339,791 Other 339,791 Total 342,791 342,791 Net income (3.348) (3,348) Net income before other galns/{losses) Other galns and losses: Net movement In funds (3,348) 13,3481 13,348} 13,3481 Reconciliation of funds: Total funds brought forward Total funds carrled forward 198,878 198,878 195,530 195,530 4 Income from donations and legacies Unrestrirted Total Total 2024 2023 Sundry donations received Repairs and maintenance grants 2.085 2,085 1,787 9,900 9,900 11,985 11,985 1,787 Page 14
Tottenham Communtty Sports Centre Notes to the Attounts 5 Income from charitable activities Unrestricted Total Total 2024 2023 Sports membership and sport facilities hire Other facilities hire Sport and well being community grants 156,180 156,180 157,939 110,635 110,635 92,851 9.446 9.446 5,349 276,261 276,261 256,139 6 Income from other trading activities Unrestrlcted Total Total 2024 2023 Car boot sales and other fundraising activities Car park facilities Canteen 8,700 8,7(Ki 3,900 84,917 51 84,917 51 77,453 93,668 93,668 81,353 7 Income from investments Unrestrirted Total Total 2024 2023 Interest receivable 917 917 164 917 917 164 8 Expenditure on raising funds Unrestrlrted Total Total 2024 2023 Fundroising trading costs Canteen 651 651 651 651 9 Expenditure on charitable activities Unrestricted Totsl Total 2024 2023 Governance costs Accountancy fees 4.200 4,200 4.200 3,000 3,000 4,200 Page 15
Tottenham Community Sports Centre Notes to the Accounts 10 Other expenditure Unrestrlrted Total Total 2024 2023 Bank loan and overdraft interest payable 18 18 Employee costs Premise5 CQStS 246,062 106,693 246,062 106,693 206,620 74,815 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 7,496 7,496 7,993 51,633 411,902 51,633 411,902 50,363 339,791 11 Net expendlture before transfers 2024 2023 This is Stated after charging: Depreciation of owned fixed assets 12 Staff costs 7,496 7,993 2024 228,326 13,229 3,992 245,547 2023 192,236 9,991 3,253 205,480 Salarles and wages Social security costs Pension costs No employee recelved emolurnents in excess of £60,000. The average monthly number of full time equivalent employees durlng the year was as follows.. 2024 Number 14 2023 Number 13 Admlnistrative staff 14 13 The charity's pension is a work place pension held with NEST. Page 16
Tottenham Communlty Sports Centre Notes to the Accounts 13 Tangible fixed assets Fixtures. fittin85 and All weather equipment Total Cost or revaluatlon At l April 2023 At 31 March 2024 Depreclatlon and impairment At l April 2023 Depreciation charge forthe year At 31 March 2024 80,564 80.564 107,205 107,205 187,769 187,769 48,743 107,203 155,946 7.496 7,496 56.239 107,203 163,442 Net book values At 31 March 2024 At 31 March 2023 24,325 31,821 24,327 31,823 14 Investments Investment In Subsldlarles Total Cost or revaluatlon At l April 2023 At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 loo Ico loo 100 100 100 loo loo Investrnent In Subsldlarles The company has the following subsidiary undertakings: Capltal and reserves at Proflt/(loss end of the ) for the relevant relevant Country of Incorporatlon Class of (if not UK) shares held %ageof shares held Name of company year year Tottenham Community Sports Centre 703 Club Ltd 15 Debtors England Ordinary loo 5,907 1,979 2024 2023 Trade debtors Other debtors Prepayments and accrued income 11,249 13,006 3,000 27,255 10.473 12,831 3,000 26,304 Page 17
Tottenham Communlty Sports Centre Notes to the Accounts 16 Creditors: amounts falling due within one year 2024 2023 Bank loans and overdrafts Trade creditors Other taxes and social security Other creditors Accruals 1.979 7,358 4,417 544 990 2,291 3,445 458 4,198 18.496 3,001 10,185 17 Movernent In funds Incomlng resources Ilncludln8 other At l Aprll galns/losses 2023 At31 Resources expended March 2024 Restrlcted funds: Unrestrlrted funds: General funds 195,531 382,831 1416,753) 161,609 Total funds 18 Analysls of net assets between funds 195,531 382,831 1416,7531 161,609 Unrestrlcted funds Total Flxed assets Investments 24,327 loo 137,182 161,609 24,327 loo 137,182 161,609 Net current assets 19 Reconclliation of net debt At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equivalents 147,488 147,488 119,0651 119,0651 128,423 128,423 Net debt 147,488 119,0651 128,423 Page 18
Tottenham Community Sports Centre Notes to the Accounts 20 Commitments Penslon commftments 2024 2023 The pension cost charge to the company amounted to: 3,992 3,253 Page 19
Tottenham Communlty Sports Centre Detailed Statement of Financial Artivities for the year ended 31 March 2024 Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Income and endowments frorn: Donations and legacies Sundry donations received Repair5 and maintenance grants 2,085 9,900 11,985 2,085 9.900 11.985 1,787 1,787 Charitable activities Sports membership and sport facilities hire Other facilities hire Sport and well being community grants 156,180 156,180 157,939 110,635 110,635 92,851 9,446 9,446 5,349 276,261 276,261 256,139 Other trading activities Car boot sales and other fundraising activities Car park facilitles Canteen 8,700 8,700 3,900 84,917 51 84,917 51 77,453 93,668 93,668 81,353 Investments Interest receivable 917 917 164 917 917 164 Total Income and endowments 382,831 382,831 339,443 Expendlture on: Costs of other trading activities Canteen 651 651 651 651 Total of expendlture on ralsln8 funds 651 651 Governance costs Accountancy fees 4,200 4,200 4.200 4,200 3,0 Total of expendlture on charltable activities 4,200 4,2(X) 3,1)00 Other expenditure Bank loan and overdraft interest payable 18 18 18 18 Employee costs 5alaries/wages 228,326 228,326 192,236 Page 20
Tottenham Communlty Sports Centre Detailed Statement of Financial Activitles Employer's NIC Pension costs Staff welfare 13,229 3,992 515 13.229 3,992 515 9,991 3.253 1,140 206,620 246,062 246,062 Premises costs Rent 12,000 11,565 44,862 11,433 12,000 11,565 44,862 11,433 12,000 3,595 30,010 8,574 Rates Light, heat and power Premises cleaning Premises repairs and malntenance 26,833 26,833 20,636 106,693 106,693 74,815 General administrative costs, including depreciation and amortisation Depreciation of Fixtures, fittings and equipment Depreclatlon of All weather Bank charges Equipment leasing and hlre charges Equipment repairs and maintenance General Insurances Information and publications Software, IT support and related costs 7,496 7,496 7,993 1,292 1,292 1,040 5,324 5,324 5,366 22,668 22,668 23,829 9,859 9,859 9,802 iio 1,520 1,520 1,788 Stationery and printing Subscrlptions Sundry expenses Telephone, fax and broadband 2,430 1,931 5,108 1,501 59,129 411,902 2,430 1,931 5,108 1,501 59,129 411,902 1,776 207 5,253 1,192 58,356 339,791 Total of expendlture of other costs Total expenditure Net gains on investments 416,753 416,753 342,791 Net expendlture (33.9221 133,9221 13,3481 Net expendlture before other 8ainsl(losses) (33,9221 133,922) 13,3481 Other Gains Net movement in funds 133,922) {33,9221 13,3481 Reconcillatlon of funds: Total funds brought forward 195,531 195,531 198,878 Total funds carrled forward 161,609 161,609 195,530 Page 21