**REGISTERED COMPANY NUMBER: 01466040 (England and Wales) REGISTERED CHARITY NUMBER: 1026687** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 30 September 2024** **for** **Jacob Sheep Society Limited(The)** EQ Accountants Ltd 47-49 The Square Kelso Roxburghshire TD5 7HW Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Contents of the Financial Statements for the Year Ended 30 September 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5 to 6| |**Notes to the Financial Statements**|7 to 13| |**Detailed Statement of Financial Activities**|14 to 15| Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Report of the Trustees for the Year Ended 30 September 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. 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). The trustees are referred to as members and comprise the Board, which is the ruling body of the Society. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Society is a registered charity and continues to advance and promote agriculture by encouraging the breeding of Jacob Sheep and improving the Jacob Sheep Breed. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The result for the year to 30 September 2024 was an excess of expenses over income of £3,675 compared to an excess of expenses over income of £6,364 in the previous year before gains or losses on investments. Expenditure was 104% (2023 - 109%) of income. The balance of total funds carried forward at 30 September 2024 amounted to £309,795 which was split £301,880 General Funds and £7,915 Restricted Funds. ## **FINANCIAL REVIEW** ## **Reserves policy** The Trustees' Reserves Policy is to maintain unrestricted free reserves sufficient to finance setting up a separate office for the Society, to fund such projects as the Board shall decide, and to cover the administration of the Society for a year in the event of a collapse in the membership base. Our reserves meet this requirement. ## **FUTURE PLANS** No significant future developments are envisaged. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is constituted as a private company limited by guarantee incorporated 10 December 1979, and is governed by the memorandum and articles of association (the latest adopted version being 22 April 2023). The Society is a non-profit making organisation, limited by guarantee and having no share capital. In the event of the Society being wound up, each member's liability is restricted to an amount not exceeding £1. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 01466040 (England and Wales) ## **Registered Charity number** 1026687 ## **Registered office** 8 Auxerre Avenue (Corner House) Greenland’s Redditch Worcestershire B98 7QJ Page 1 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Report of the Trustees for the Year Ended 30 September 2024** ## **Trustees** ## Officers President Mrs P Black (appointed 27/04/24) Chairman Mrs J East (appointed 27/04/24) Vice Chairman Mrs S Dalrymple (appointed 27/04/24) Treasurer Mrs L J Pope Field Officer Mr C Richardson Ex Officio Chairman Mr J Emberton (appointed 27/04/24) ## Ordinary Members Regional Council Member for Central Region Mrs K Carpenter Regional Council Member for Eastern Region Mr T Green Regional Council Member for Ireland Region Mr M Kehoe Regional Council Member for Northern Region Mrs E Chester (appointed 27/04/2024) Regional Council Member for Scotland Region Mrs M J Harper Regional Council Member for Southern Region Mr P Gorringe Regional Council Member for South West Region Mr R Fenwick Regional Council Member for Wales Region Mrs A Ross (appointed 27/04/2024) ## Members resigned in the year Mrs S Harries (resigned 01/07/2024) Mrs J Simmons (resigned 01/07/2024) ## **Company Secretary** Mr T Barker (appointed 01/07/2024) ## **Independent Examiner** Caroline Tice BA CA EQ Accountants Ltd 47-49 The Square Kelso Roxburghshire TD5 7HW ## **MEMBERS** At 30 September 2024 there were 712 fully paid up Members of the Society. Over the year Membership has decreased by 23 members (77 new members joined and 100 left). Ordinary members now number 670, Life members 41 and Honorary Members 1. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 12/03/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ T Barker - Secretary Page 2 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Independent Examiner's Report to the Trustees of Jacob Sheep Society Limited(The)** ## **Independent examiner's report to the trustees of Jacob Sheep Society Limited(The) ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company 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 your charity's accounts 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 Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 4. the accounts 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 102)). 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. ## Caroline Tice BA CA EQ Accountants Ltd 47-49 The Square Kelso Roxburghshire TD5 7HW 12/03/2025 Date: ............................................. Page 3 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Statement of Financial Activities for the Year Ended 30 September 2024** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
135
**Charitable activities**
4
Subscription & membership
19,014
Registration
26,062
Other trading activities
2
24,353
Investment income
3
12,979
Other income
-
**Total**
82,543
**EXPENDITURE ON**
Raising funds
5
25,041
**Charitable activities**
6
Breed promotion & improvement
60,844
**Total**
85,885
Net unrealised gains on investments
15,039
**NET INCOME/(EXPENDITURE)**
11,697
**RECONCILIATION OF FUNDS**
Total funds brought forward
290,183
**TOTAL FUNDS CARRIED FORWARD**
301,880|Restricted
funds
£
-
-
-
-
-
-
-
-
333
333
-
(333)
8,248
7,915|30/9/24
Total
funds
£
135
19,014
26,062
24,353
12,979
-
82,543
25,041
61,177
86,218
15,039
11,364
298,431
309,795|30/9/23
Total
funds
£
342
19,654
25,467
16,026
8,960
125
70,574
13,920
63,018
76,938
5,084
(1,280)
299,711
298,431| |---|---|---|---| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 4 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 ## **Jacob Sheep Society Limited(The)** ## **Balance Sheet 30 September 2024** |Notes
**FIXED ASSETS**
Investments
10
**CURRENT ASSETS**
Stocks
11
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
15
Unrestricted funds:
General fund
Restricted funds:
Pat Bromley Memorial Fund
**TOTAL FUNDS**|30/9/24
£
204,294
4,917
9,415
98,349
112,681
(7,180)
105,501
309,795
309,795
301,880
7,915
309,795|30/9/23
£
189,255
4,648
4,291
106,777
115,716
(6,540)
109,176
298,431
298,431
290,183
8,248
298,431| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 5 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Balance Sheet - continued 30 September 2024** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 12/03/2025 ............................................. T Barker - Secretary The notes form part of these financial statements Page 6 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **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. ## **Stocks** Stock of merchandise. Stocks are valued at the lower of cost and estimated net realisable value. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds which the members have set aside to be utilised against a specific purpose. 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. ## **Breed promotion** Breed promotion costs represent only the direct costs of promoting and encouraging the breeding of Jacob Sheep. The associated indirect costs are included within Breed Improvement Costs and Support Costs. ## **2. OTHER TRADING ACTIVITIES** ||30/9/24|30/9/23| |---|---|---| ||£|£| |Journal advertising income|80|80| |Regional activity income|1,836|1,690| |Annual AGM income|19,330|11,377| |Sale of Merchandise income|2,857|1,528| |Flock assessment|250|1,351| ||24,353|16,026| continued... Page 7 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **3. INVESTMENT INCOME** |**3.**|**INVESTMENT INCOME**|||||| |---|---|---|---|---|---|---| ||||||30/9/24|30/9/23| ||||||£|£| ||Deposit account interest||||3,215|1,980| ||Dividend income||||2,890|2,868| ||Dividends on Life Members Fund||||6,874|4,112| ||||||12,979|8,960| |**4.**|**INCOME FROM CHARITABLE ACTIVITIES**|||||| ||||||30/9/24|30/9/23| |||Subscription|||Total|Total| |||& membership||Registration|activities|activities| |||£||£|£|£| ||Subscriptions & joining fees|17,475||-|17,475|18,145| ||Gift Aid receipts|1,539||-|1,539|1,509| ||Registration fees||-|25,522|25,522|25,092| ||Flock Book sales etc||-|540|540|375| |||19,014||26,062|45,076|45,121| |**5.**|**RAISING FUNDS**|||||| ||**Other trading activities**|||||| ||||||30/9/24|30/9/23| ||||||£|£| ||Opening stock||||4,648|3,918| ||Closing stock||||(4,917)|(4,648)| ||Regional activity costs||||2,623|939| ||National activity costs - AGM||||19,305|9,241| ||Sale of Merchandise costs||||2,229|854| ||Flock assessment costs||||1,153|3,616| ||||||25,041|13,920| |**6.**|**CHARITABLE ACTIVITIES COSTS**|||||| |||||Direct|Support|| |||||Costs (see|costs (see|| |||||note 7)|note 8)|Totals| |||||£|£|£| ||Breed promotion & improvement|||12,693|48,484|61,177| continued... Page 8 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** |**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Stand rent & maintenance
Transport & travel BP
Rosettes, banners & trophies
Affiliation fees
Website costs
Show & Sale costs
Membership Costs
Field Officer travel
Judges training costs
Young Handler training costs
**8.**
**SUPPORT COSTS**
Management
£
Breed promotion & improvement
43,822
Support costs, included in the above, are as follows:
Secretary's expenses
Handbook printing costs
Grassroots costs
Council costs
Flockbook costs
Journal magazine
Insurance
Bank & Paypal Charges
Disease control
Foreign currency revaluation
Independent Examiners' fee
Bookkeeping fees|30/9/24
30/9/23
£
£
2,186
1,572
907
1,320
282
2,400
115
202
139
565
7,165
8,584
788
1,349
696
226
82
280
333
-
12,693
16,498
Governance
Finance
costs
Totals
£
£
£
43
4,619
48,484
30/9/24
30/9/23
Breed
promotion
Total
& improvement
activities
£
£
359
408
-
1,778
20,821
22,112
6,408
1,936
874
923
13,316
12,096
1,004
725
340
338
700
1,808
43
3
2,034
1,938
2,585
2,455
48,484
46,520| |---|---| continued... Page 9 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. ## **Trustees' expenses** Trustees reclaimed expenses totalling £5,355 during the year (2023: £4,544). ## **10. FIXED ASSET INVESTMENTS** |30/9/24
Market
Cost
Value
Units
£
£
6,245
M&G Charifund
52,806
97,575
5,265
COIF Charities Investment Fund
69,725
106,719
122,531
204,294
**11.**
**STOCKS**
BP Merchandise
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
Accrued expenses|30/9/23
Market
Cost
Value
£
£
52,806
91,940
69,725
97,315
122,531
189,255
30/9/24
30/9/23
£
£
4,917
4,648
30/9/24
30/9/23
£
£
754
1,463
1,539
1,514
7,122
1,314
9,415
4,291
30/9/24
30/9/23
£
£
641
3,192
4,243
989
2,296
2,359
7,180
6,540| |---|---| continued... Page 10 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 ## **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **14. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Unrestricted
funds
£
Investments
204,294
Current assets
104,766
Current liabilities
(7,180)
301,880
**15.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Pat Bromley Memorial Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
82,543
**Restricted funds**
Pat Bromley Memorial Fund
-
**TOTAL FUNDS**
82,543|Restricted
funds
£
-
7,915
-
7,915
At
1/10/23
£
290,183
8,248
298,431
Resources
expended
£
(85,885)
(333)
(86,218)|30/9/24
30/9/23
Total
Total
funds
funds
£
£
204,294
189,255
112,681
115,716
(7,180)
(6,540)
309,795
298,431
Net
movement
At
in funds
30/9/24
£
£
11,697
301,880
(333)
7,915
11,364
309,795
Gains and
Movement
losses
in funds
£
£
15,039
11,697
-
(333)
15,039
11,364| |---|---|---| continued... Page 11 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **15. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Prize Fund
Pat Bromley Memorial Fund
**TOTAL FUNDS**|At
1/10/22
£
291,213
250
8,248
8,498
299,711|Net
movement
in funds
£
(1,280)
-
-
-
(1,280)|Transfers
between
funds
£
250
(250)
-
(250)
-|At
30/9/23
£
290,183
-
8,248
8,248
298,431| |---|---|---|---|---| Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|70,574|(76,938)|5,084|(1,280)| |**TOTAL FUNDS**|70,574|(76,938)|5,084|(1,280)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Prize Fund
Pat Bromley Memorial Fund
**TOTAL FUNDS**|At
1/10/22
£
291,213
250
8,248
8,498
299,711|Net
movement
in funds
£
10,417
-
(333)
(333)
10,084|Transfers
between
funds
£
250
(250)
-
(250)
-|At
30/9/24
£
301,880
-
7,915
7,915
309,795| |---|---|---|---|---| continued... Page 12 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 **Jacob Sheep Society Limited(The)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **15. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|153,117|(162,823)|20,123|10,417| |**Restricted funds**||||| |Pat Bromley Memorial Fund|-|(333)|-|(333)| |**TOTAL FUNDS**|153,117|(163,156)|20,123|10,084| ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2024. Page 13 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 ## **Jacob Sheep Society Limited(The)** ## **Detailed Statement of Financial Activities for the Year Ended 30 September 2024** ||||30/9/24|30/9/23| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||£|£|£|£| |**INCOME AND ENDOWMENTS**||||| |**Donations and legacies**||||| |Donations|135|-|135|342| |**Other trading activities**||||| |Journal advertising income|80|-|80|80| |Regional activity income|1,836|-|1,836|1,690| |Annual AGM income|19,330|-|19,330|11,377| |Sale of Merchandise income|2,857|-|2,857|1,528| |Flock assessment|250|-|250|1,351| ||24,353|-|24,353|16,026| |**Investment income**||||| |Deposit account interest|3,215|-|3,215|1,980| |Dividend income|2,890|-|2,890|2,868| |Dividends on Life Members Fund|6,874|-|6,874|4,112| ||12,979|-|12,979|8,960| |**Charitable activities**||||| |Subscriptions & joining fees|17,475|-|17,475|18,145| |Gift Aid receipts|1,539|-|1,539|1,509| |Registration fees|25,522|-|25,522|25,092| |Flock Book sales etc|540|-|540|375| ||45,076|-|45,076|45,121| |**Other income**||||| |Bank Compensation|-|-|-|125| |**Total incoming resources**|82,543|-|82,543|70,574| |**EXPENDITURE**||||| |**Other trading activities**||||| |Opening stock|4,648|-|4,648|3,918| |Regional activity costs|2,623|-|2,623|939| |National activity costs - AGM|19,305|-|19,305|9,241| |Sale of Merchandise costs|2,229|-|2,229|854| |Flock assessment costs|1,153|-|1,153|3,616| |Closing stock|(4,917)|-|(4,917)|(4,648)| ||25,041|-|25,041|13,920| |**Charitable activities**||||| |Stand rent & maintenance|2,186|-|2,186|1,572| |Carried forward|2,186|-|2,186|1,572| This page does not form part of the statutory financial statements Page 14 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642 ## **Jacob Sheep Society Limited(The)** ## **Detailed Statement of Financial Activities for the Year Ended 30 September 2024** ||||30/9/24|30/9/23| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||£|£|£|£| |**Charitable activities**||||| |Brought forward|2,186|-|2,186|1,572| |Transport & travel BP|907|-|907|1,320| |Rosettes, banners & trophies|282|-|282|2,400| |Affiliation fees|115|-|115|202| |Website costs|139|-|139|565| |Show & Sale costs|7,165|-|7,165|8,584| |Membership Costs|788|-|788|1,349| |Field Officer travel|696|-|696|226| |Judges training costs|82|-|82|280| |Young Handler training costs|-|333|333|-| ||12,360|333|12,693|16,498| |**Support costs**||||| |**Management**||||| |Secretary's expenses|359|-|359|408| |Handbook printing costs|-|-|-|1,778| |Grassroots costs|20,821|-|20,821|22,112| |Council costs|6,408|-|6,408|1,936| |Flockbook costs|874|-|874|923| |Journal magazine|13,316|-|13,316|12,096| |Insurance|1,004|-|1,004|725| |Bank & Paypal Charges|340|-|340|338| |Disease control|700|-|700|1,808| ||43,822|-|43,822|42,124| |**Finance**||||| |Foreign currency revaluation|43|-|43|3| |**Governance costs**||||| |Independent Examiners' fee|2,034|-|2,034|1,938| |Bookkeeping fees|2,585|-|2,585|2,455| ||4,619|-|4,619|4,393| |Total resources expended|85,885|333|86,218|76,938| |**Net (expenditure)/income before gains and**||||| |**losses**|(3,342)|(333)|(3,675)|(6,364)| |**Unrealised recognised gains and losses**||||| |Unrealised gains/(losses) on fixed asset||||| |investments|15,039|-|15,039|5,084| |**Net (expenditure)/income**|11,697|(333)|11,364|(1,280)| This page does not form part of the statutory financial statements Page 15 Document ID: 8a44bad1-7ae2-4aa1-94db-3a39593e6642