**REGISTERED CHARITY NUMBER: 1025094** ## **Report of the Trustees and** ## **Financial Statements for the Year Ended 31 May 2021** ## **for** ## **HINDU CULTURAL RESOURCE CENTRE** Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT **HINDU CULTURAL RESOURCE CENTRE** ## **Contents of the Financial Statements FOR THE YEAR ENDED 31 MAY 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|14| |**Detailed Statement of Financial Activities**|15|to|16| **HINDU CULTURAL RESOURCE CENTRE** ## **Report of the Trustees FOR THE YEAR ENDED 31 MAY 2021** The trustees present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Page 1 **HINDU CULTURAL RESOURCE CENTRE** ## **Report of the Trustees FOR THE YEAR ENDED 31 MAY 2021** ## **OBJECTIVES AND ACTIVITIES Objectives and aims** This report is an account of the activities of the Hindu Cultural Resource Centre for the year 2020/2021. Hindu Cultural Resource Centre Durga Bhawan, is a registered charity, run by the collective efforts of the community leaders of Sandwell Hindu Community and the elected members of its executive committee. The addition to the existing portfolio which consists of the main building on 360 Spon Lane South and 1 Hackett Drive is the casting of Mala Patra. With time this will also prove to be a valuable asset. With this we have completed the pledge to all devotes to make and display the mala patra on festive times. Our financial reserves were robust to see us through the lean period. With our donations dropping to record low and our static expenditure remaining the same, we depended upon the reserves to see us through. We also managed to successfully claim £25000 from the insurance company. We availed of the government furlough scheme for all the staff. Grants to run the temple were not available. But we could not access grants for different projects due to lack of volunteers prepared to help run them. The complex was partly opened to the public under strict government guidelines. To protect our devotes, the committee had already commenced the preparation for the partial closing from February 2020. During the period of March to June 2020, both the Punditjee's diligently opened the temple. Aarti was performed both in the morning and evening. Devotes were not allowed. The cleaning procedures along with mask wearing was requested of all devotes. During the national Covid lockdown, we lost numerous community members. Their contribution to this institution will be missed. Our condolence to the families. A vote of appreciations to the Punditjee's, staff and volunteers along with the committee who worked tirelessly to guide us through this pandemic. The roof of the mandir has now been replaced. There was a delay in holding the elections, which hopefully will now be held by end of October 2021. Pending projects will be executed by the new committee. We anticipate a new and invigorated committee to be in place by end of October 2021. The committee structure remains unchanged and consists of :- Religious/ Cultural Committee Building Committee Kitchen Committee Education Committee ## **Management Committee 2016/2021** The list of present management committee. ## **Patrons** Mr S.D. Kapila Mr K.D. Sharma Mr M.M. Sharma ## **LIST OF OFFICE BEARERS AND COMMITTEE MEMBERS FOR YEAR 2016-2021** PRESIDENT MR BALDEV KAPIL VICE PRESIDENT MR PREM SAGAR Page 2 **HINDU CULTURAL RESOURCE CENTRE** ## **Report of the Trustees FOR THE YEAR ENDED 31 MAY 2021** GENERAL SECRETARY MR SHIV KUMAR ASSISTANT SECRETARY MR CHANDER VASHIST TRUSTEE/TREASURER MR AMAR KANT SHARMA TRUSTEE /ASSISTANT TREASURER MR BALDEV P BHARDWAJ TRUSTEE/BUILDING MAINTENANCE MR ASHWANI BHARDWAJ TRUSTEE/BUILDING MAINTENANCE MR SURINDER KUMAR SUDERA TRUSTEE/MEMBERSHIP SECRETARY MR K R PRASHAR EXECUTIVE MEMBER/STORE INCHARGE MR J.P. BHARDWAJ EXECUTIVE MEMBER MR MOHINDER KUMAR EXECUTIVE MEMBER/KITCHEN INCHARGE MRS ASHA DEVI CHAUHAN EXECUTIVE MEMBER MRS NIRMALA BHARDWAJ EXECUTIVE MEMBER/ BUILDING MAINTENANCE MR NARINDER K KALIA EXECUTIVE MEMBER/STORE INCHARGE MR RULIA RAM SANGAR EXECUTIVE MEMBER/RELIGIOUS MR RAJESH KUMAR EXECUTIVE MEMBER/RELIGIOUS MR JANAK RAJ SHARMA ## **Significant activities Mandir Activities** Due to Covid 19, the temple was opened for restricted hours and all religious functions were curtailed. Punditjee' continued with the rituals with limited devotes allowed to attend. Masks were mandatory and devotes were encouraged to help in following the government rules. ## **Hindu Awareness** No Scholars or religious heads were invited to facilitate Hindu awareness. ## **Marriage Registration** The Hindu Cultural Resource Centre (HCRC) is registered to facilitate registration of marriages. This year we had to cancel all bookings as per government guidelines. ## **Bhandara (Community Meal)** Kitchen and the dining hall was mainly closed for the duration of the year. Wakes were permitted to be held within the strict government guidelines. ## **Inter Faith Community** HCRC Durga Bhawan reaches out to all parts of the community. But with the restricted hours and social distancing in place no invites were sent out to any institute. ## **Community Programmes** In Partnership with Sandwell council and NHS a temporary Covid 19 vaccination centre was held on two days. This was availed by the local community. Sewa charity was facilitated in packing of food parcels for community in need of food. ## **Use of Community Hall** We could not use any of the community hall during the whole year. Considering our prime spot with parking spaces, The committee rooms were offered both to NHS and sandwell council to open as Covid vaccination centre. This offer was not taken up. ## **Mission Statement** To help the B.M.E community (Indians) by creating awareness and suggesting solutions for their common problems, so that they can improve their life style and increase their capacity to work and thrive efficiently and harmoniously in a multi-cultural society. It is to be a holistic approach to solve various problems faced by the community. Page 3 **HINDU CULTURAL RESOURCE CENTRE** ## **Report of the Trustees** ## **FOR THE YEAR ENDED 31 MAY 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1025094 ## **Principal address** 360 Spon Lane South Smethwick West Midlands B66 1AB ## **Trustees** B Kapil P Sagar S Kumar C Vashist A K Sharma (Holding Trustee) B P Bhardwaj (Holding Trustee) A Bhardwaj (Holding Trustee) S K Sudera (Holding Trustee) K R Prashar (Holding Trustee) J P Bhardwaj M Kumar Mrs A D Chauhan Mrs N Bhardwaj N K Kalia R R Sangar R Kumar J R Sharma ## **Independent examiner** Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT Approved by order of the board of trustees on 9 September 2021 and signed on its behalf by: A K Sharma (Holding Trustee) - Trustee Page 4 **Independent Examiner's Report to the Trustees of Hindu Cultural Resource Centre** ## **Independent examiner's report to the trustees of Hindu Cultural Resource Centre** I report to the charity trustees on my examination of the accounts of Hindu Cultural Resource Centre (the Trust) for the year ended 31 May 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 order to enable a proper understanding of the accounts to be reached. Thapers Limited Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT 9 September 2021 Page 5 **HINDU CULTURAL RESOURCE CENTRE** ## **Statement of Financial Activities FOR THE YEAR ENDED 31 MAY 2021** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
4
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**31/5/21**
**Unrestricted**
**funds**
**£**
**91,438**
**-**
**91,438**
**94,766**
**(3,328)**
**1,348,710**
**1,345,382**|31/5/20
Total
funds
£
129,427
2,251
131,678
140,919
(9,241)
1,357,951
1,348,710| |---|---|---| The notes form part of these financial statements Page 6 **HINDU CULTURAL RESOURCE CENTRE** ## **Balance Sheet** ## **31 MAY 2021** |Notes
**FIXED ASSETS**
Tangible assets
9
**Investments**
Investment property
10
Social investments
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
15
Unrestricted funds
**TOTAL FUNDS**|**31/5/21**
**Unrestricted**
**funds**
**£**
**1,137,631**
**50,123**
**17,999**
**1,205,753**
**2,730**
**151,561**
**154,291**
**(14,662)**
**139,629**
**1,345,382**
**1,345,382**
**1,345,382**
**1,345,382**|31/5/20
Total
funds
£
1,097,486
50,123
17,999
1,165,608
-
214,107
214,107
(31,005)
183,102
1,348,710
1,348,710
1,348,710
1,348,710| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2021 and were signed on its behalf by: S K Sudera (Holding Trustee) - Trustee A K Sharma (Holding Trustee) - Trustee The notes form part of these financial statements Page 7 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements** ## **FOR THE YEAR ENDED 31 MAY 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - 2% on cost Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021** ## **2. DONATIONS AND LEGACIES** |Donations
Grants
JRS Grant
Grants received, included in the above, are as follows:
Other grants|**31/5/21**
**£**
**65,075**
**-**
**26,363**
**91,438**
**31/5/21**
**£**
**-**|31/5/20
£
126,231
3,196
-| |---|---|---| |||129,427| |||31/5/20
£
3,196| Grants received are included within the accounts as income and are shown gross. Expenses to which certain grants may relate are included within the accounts as expenditure. During the year no subsidy was awarded by Sandwell Council which relates to local authority rates. Subsidy was awarded in the financial accounts year ended 31 May 2013, 31 May 2014, 31 May 2015, 31 May 2016, 31 May 2017, 31 May 2018, 31 May 2019 and 31 May 2020. ## **3. INVESTMENT INCOME** |Advertising board rent
Deposit account interest
**RAISING FUNDS**
**Raising donations and legacies**
Staff costs
Telephone
DC stationery postage
DC Other operating expenses
DC Repairs
IT software costs
Support costs|**31/5/21**
**£**
**-**
**-**
**-**
**31/5/21**
**£**
**56,578**
**1,274**
**1,084**
**827**
**1,452**
**-**
**33,551**
**94,766**|31/5/20
£
2,250
1
2,251
31/5/20
£
64,034
1,082
1,524
3,794
8,589
180
61,716| |---|---|---| |||140,919| ## **4. RAISING FUNDS** continued... Page 9 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021** ## **5. SUPPORT COSTS** |**SUPPORT COSTS**|||| |---|---|---|---| ||Management|Other|Totals| ||£|£|£| |Raising donations and legacies|**28,656**|**4,895**|**33,551**| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020. ## **7. STAFF COSTS** |**31/5/21**
**£**
Wages and salaries
**56,578**
Other pension costs
**553**
**57,131**
The average monthly number of employees during the year was as follows:
**31/5/21**
Management
**5**
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|31/5/20
£
64,034
911
64,945
31/5/20
5
Unrestricted
funds
£
129,427
2,251
131,678
140,919
(9,241)
1,357,951
1,348,710| |---|---| ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** continued... Page 10 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021** ## **9. TANGIBLE FIXED ASSETS** |**COST**
At 1 June 2020
Additions
At 31 May 2021
**DEPRECIATION**
At 1 June 2020
Charge for year
At 31 May 2021
**NET BOOK VALUE**
At 31 May 2021
At 31 May 2020
**COST**
At 1 June 2020
Additions
At 31 May 2021
**DEPRECIATION**
At 1 June 2020
Charge for year
At 31 May 2021
**NET BOOK VALUE**
At 31 May 2021
At 31 May 2020|Freehold
property
£
**1,067,540**
**34,442**
**1,101,982**
**-**
**-**
**-**
**1,101,982**
1,067,540
Fixtures
and
fittings
£
**100,450**
**502**
**100,952**
**73,333**
**4,143**
**77,476**
**23,476**
27,117|Improvements
to
property
£
**-**
**10,000**
**10,000**
**-**
**200**
**200**
**9,800**
-
Motor
vehicles
£
**3,150**
**-**
**3,150**
**2,835**
**79**
**2,914**
**236**
315|Plant and
machinery
£
**27,268**
**-**
**27,268**
**24,754**
**377**
**25,131**
**2,137**
2,514
Totals
£
**1,198,408**
**44,944**
**1,243,352**
**100,922**
**4,799**
**105,721**
**1,137,631**
1,097,486| |---|---|---|---| continued... Page 11 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021** ## **10. INVESTMENT PROPERTY** ## **£** |**COST VALUE**
At 1 June 2020
and 31 May 2021
**NET BOOK VALUE**
At 31 May 2021
At 31 May 2020
**11.**
**SOCIAL INVESTMENTS**
**COST VALUE**
At 1 June 2020 and 31 May 2021
**NET BOOK VALUE**
At 31 May 2021
At 31 May 2020
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31/5/21**
**£**
Other debtors
**2,730**
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31/5/21**
**£**
Bank loans and overdrafts (see note 14)
**5,154**
Trade creditors
**1,115**
Taxation and social security
**1,836**
Other creditors
**6,557**
**14,662**
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
**31/5/21**
**£**
Amounts falling due within one year on demand:
Mortgage-investment property
**5,154**|**50,123**
**50,123**
50,123
Mala
Patra
investments
£
**17,999**
**17,999**
17,999
31/5/20
£
-
31/5/20
£
8,848
9,370
2,115
10,672
31,005
31/5/20
£
8,848| |---|---| continued... Page 12 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021** ## **15. MOVEMENT IN FUNDS** |At 1.6.20
£
**Unrestricted funds**
General fund
**1,348,710**
**TOTAL FUNDS**
**1,348,710**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**91,438**
**TOTAL FUNDS**
**91,438**
**Comparatives for movement in funds**
At 1.6.19
£
**Unrestricted funds**
General fund
1,357,951
**TOTAL FUNDS**
1,357,951
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
131,678
**TOTAL FUNDS**
131,678||Net
movement
in funds
£
**(3,328)**
**(3,328)**
Resources
expended
£
**(94,766)**
**(94,766)**
Net
movement
in funds
£
(9,241)
(9,241)
Resources
expended
£
(140,919)
(140,919)|At
31.5.21
£
**1,345,382**
**1,345,382**
Movement
in funds
£
**(3,328)**
**(3,328)**
At
31.5.20
£
1,348,710
1,348,710
Movement
in funds
£
(9,241)
(9,241)| |---|---|---|---| ||||| ||||| ||||| ||||| continued... Page 13 **HINDU CULTURAL RESOURCE CENTRE** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021** ## **15. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.6.19
£
1,357,951
1,357,951|Net
movement
in funds
£
(12,569)
(12,569)|At
31.5.21
£
1,345,382| |---|---|---|---| ||||1,345,382| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|223,116|(235,685)|(12,569)| |**TOTAL FUNDS**|223,116|(235,685)|(12,569)| ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 May 2021. Page 14 ## **HINDU CULTURAL RESOURCE CENTRE** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
JRS Grant
**Investment income**
Advertising board rent
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
DC Wages
Telephone
DC stationery postage
DC Other operating expenses
DC Repairs
IT software costs
**Support costs**
**Management**
Pensions
Water Rates
Insurance
Light and heat
Refreshments & consumables
Lease on Hacket Drive
Cleaning
Refuse collection
Subscriptions
Repairs & renewals
Coach Trip
Motor Expenses
Alarm Rental and Maintenance
Accountancy Fee
Advertising|**Detailed Statement of Financial Activities**
**FOR THE YEAR ENDED 31 MAY 2021**
31/5/21
31/5/20
£
£
**65,075**
126,231
**-**
3,196
**26,363**
-
**91,438**
129,427
**-**
2,250
**-**
1
**-**
2,251
**91,438**
131,678
**56,578**
64,034
**1,274**
1,082
**1,084**
1,524
**827**
3,794
**1,452**
8,589
**-**
180
**61,215**
79,203
**553**
911
**2,717**
2,789
**4,261**
4,168
**11,135**
17,025
**459**
9,183
**82**
3,838
**1,499**
1,517
**2,442**
4,559
**491**
302
**294**
1,113
**-**
3,946
**2,045**
863
**240**
-
**2,288**
1,926
**150**
2,543
**28,656**
54,683|**Detailed Statement of Financial Activities**
**FOR THE YEAR ENDED 31 MAY 2021**
31/5/21
31/5/20
£
£
**65,075**
126,231
**-**
3,196
**26,363**
-
**91,438**
129,427
**-**
2,250
**-**
1
**-**
2,251
**91,438**
131,678
**56,578**
64,034
**1,274**
1,082
**1,084**
1,524
**827**
3,794
**1,452**
8,589
**-**
180
**61,215**
79,203
**553**
911
**2,717**
2,789
**4,261**
4,168
**11,135**
17,025
**459**
9,183
**82**
3,838
**1,499**
1,517
**2,442**
4,559
**491**
302
**294**
1,113
**-**
3,946
**2,045**
863
**240**
-
**2,288**
1,926
**150**
2,543
**28,656**
54,683| |---|---|---| |||129,427
2,250
1| |||2,251| |||131,678
64,034
1,082
1,524
3,794
8,589
180| |||79,203
911
2,789
4,168
17,025
9,183
3,838
1,517
4,559
302
1,113
3,946
863
-
1,926
2,543| |||54,683| This page does not form part of the statutory financial statements Page 15 **HINDU CULTURAL RESOURCE CENTRE** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MAY 2021** ||31/5/21|31/5/20| |---|---|---| ||£|£| |**Management**||| |**Other**||| |Sundries|**7**|1,497| |Improvements to property|**200**|-| |Plant and machinery|**377**|444| |Fixtures and fittings|**4,143**|4,785| |Motor vehicles|**79**|105| |Bank loan interest|**89**|202| ||**4,895**|7,033| |Total resources expended|**94,766**|140,919| |**Net expenditure**|**(3,328)**|(9,241)| This page does not form part of the statutory financial statements Page 16