## 

|Report ofthe Trustees incorporating|the Strategic Report|
|---|---|
|Report ofthe Independent<br>Auditors||
|Statement of Financial Activities||
|Balance Sheet||
|Statement ofCash Flows||
|Notes to Financial Statements||





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## 

|Executive Senior|Management|Team:|||
|---|---|---|---|---|
|H Francis|Chief Executive Officer (Director)||||
|Dr N De Vere|Head of|Science, Conservation||and Research|
|W Ritchie|Curator||||
|SC Evans|Head of|Finance|||
|D Cattell|Head of|Facilities|||
|D Hardy|Head of|Marketing|and Communications||
|M Ward|Head ofTrading and Admissions||||
|C Williams|Head of|Hospitality|||
|A Nicholas|Human|Resources|Manager||





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## 

|G Davies (Chair)|G Davies (Chair)|||||
|---|---|---|---|---|---|
|D Howell||(Re)-appointed||November2019||
|R Glyn Thomas||||||
|JJames (Vice Chair)||(Re)-appointed||November|2019|
|Cllr DJenkins||||||
|Sir RJones||(Re)-appointed||November|2019|
|TJones||||||
|EParrott||||||
|5Williams||||||
|M Woods||||||
|P Smith||||||
|EWhittle||||||
|5Jennings||Appointed|1September 2020|||
|Professor|I Donnison|Appointed|1September 2020|||
|M Davies||Appointed|1September 2020|||
|Dr 5Matthews||Appointed|1September 2020|||
|P Wall||Appointed|1September 2020|||



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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||Note|Unrestricted|Restricted|funds|funds|
|||||funds|funds|2021|2020|
|||||f|f|f|f|
|Income and endowments||from:||||||
|Donations<br>and legacies||||981,287|48,260|1,029,547|1,430,473|
|Charitable<br>activities||||964,203|2,571,980|3,536,183|4,019,647|
|Investment<br>income||||3,135||3,135|4,625|
|Other trading activities||||398,212|9,032|407,244|978,027|
|Total income and endowments||||2,346,837|2,629,272|4,976,109|6,432,772|
|Expenditure<br>on:||||||||
|Raising funds||||317,207||317,207|917,997|
|Charitable<br>activities||||1,358,932|2,676,933|4,035,865|3,904,637|
|Total expenditure||||1,676,139|2,676,933|4,353,072|4,822,634|
|Net income/(expenditure)||||670,698|(47,661)|623,037|1,610,138|
|Transfers between|funds||19,20|(10,971)|10,971|||
|Net movement infunds||||659,727|36,690|623,037|1,610,138|
|Reconciliation ofFunds||||||||
|Total funds brought|forward||19,20|3,164,896|22,521,822|25,686,718|24,076,580|
|Total funds carried|forward||20,21|3,824,623|22,485,132|26,309,755|25,686,718|





## 

|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Note|E||||
|Fixed assets:||||||||
|Tangible assets|||12||26,261,036||26,115,291|
|Current assets:||||||||
|Stocks|||14|100,507||108,353||
|Debtors|||15|721,418||1,024,701||
|Cash at bank|and in|hand||1,424,911||758,966||
|||||2,246,834||1,892,020||
|Liabilities:||||||||
|Creditors: Amounts||falling due within||||||
|one year|||16|(749,432)||(880,678)||
|Net current assets|||||1,497,404||1,011,342|
|Net assets|||||27,758,440||27,126,633|
|Creditors: Amounts||falling due after||||||
|one year|||17||(1,448,685)||(1,439,915)|
|Total net assets|||||26,309,755||25,686,718|
|The funds of|the charity:|||||||
|Restricted<br>income funds|||19||22,485,132||22,521,822|
|Unrestricted|funds||20||3,824i623||3,164,896|
|Total charity|funds||21||26,309,755||25,686,718|





## 




## 

|||||||Note|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Net cash provided<br>by operating<br>activities||||||24|1,794p812|2,258,450|
|Cash flows from investing|activities:||||||||
|Dividends,<br>interest<br>and rents from investments||||||5|Sp135|4,625|
|Purchase ofproperty<br>plant|and equipment|||||12|(1,128,772)|(2,229,892)|
|Net cash used in investing|activities||||||(1,125,637)|(2,225,267)|
|Cash flows from financing|activities:||||||||
|New finance||||||24|3,000||
|Repayments<br>ofborrowing||||||24|(6,230)|(12,625)|
|Net cash (used in)/ from financing<br>activities|||||||(3,230)|(12,625)|
|Change<br>in cash and cash equivalents||in the|reporting|period|||665,945|20,558|
|Cash and cash equivalents|at the beginning||ofthe reporting||period||758,966|738,408|
|Cash and cash equivalents|at the end|ofthe reporting||period||24|1,424,911|758,966|





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## 

|Freehold premises|and leasehold|land|0%|%straight|line|
|---|---|---|---|---|---|
|Leasehold premises|||2%|%straight|line|
|Plant and machinery|||4% - 33%|%straight|line|
|Motor vehicles|||10%- 25%|%straight|line|





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## 

## 

## 

||Unrestdcted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|2021|2020|
||E||E|E|
|Donations|81,823|48,260|130,083|808,753|
|Legacy|4,988||4,988|9,969|
|Sponsorship||||3,000|
|Grants|894,476||894,476|608,751|
||981,287|48,260|1,029,547|1,430,473|



||||||Total|Total|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Welsh|Government|(Core)|||834,000|581,000|
|Welsh|Government|—Rural|Development|Wales|60,476|27,751|
||||||894,476|608,751|





## 

## 

## 

## 

|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|~Grou||||||fundsf|funds<br>f|2021|2020<br>f|
|Admission<br>fees||||||365,107||365,107|575,062|
|Educationaland<br>contract income||||||30,564|8,119|38,683|82,390|
|Grants||||||247,841|2,563,861|2,811,702|3,060,031|
|Membership<br>income||||||213,388||213,388|185,626|
|Other income||||||40,582||40,582|29,950|
|Plant and seed sales||||||66,721||66d721|86,588|
|||||||964,203|2,571,980|3,536,183|4,019,647|
|rants were received|from the||following|||sources:||||
|||||||||2021|2020|
||||||||||f|
|European<br>Regional Development||||Fund||||734,515|902,139|
|Welsh Government|Enabling|Natural|||Resources and Wellbeing|||358,681|232,561|
|Welsh Government|Capital Funds|||||||195,000|395,000|
|The Waterloo Foundation||||||||111,000|150,000|
|The National<br>Lottery|Heritage||Fund|||||978,725|1,304,785|
|Postcode Lottery|||||||||18,480|
|Carmarthenshire<br>County Council||||LEADER Programme|||||42,931|
|The Finnis Scott Foundation|||||||||5,000|
|HMRC||||||||285,488|9,135|
|Welsh Government|COVID-19|||||||148,293||
|||||||||2,811,702|3,060,031|



## 

## 

|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|~Gd|G|funds<br>f|funds<br>f|2021f|2020<br>f|
|Bank interest||3,135||3,135|4,625|
|||3,135||3,135|4,625|





## 

## 

||||||Unrestdcted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2021|2020|
|~Grou|||||E|E|f|E|
|Corporate|and wedding||income||1,787||1,787|103,652|
|Event income|||||567||567|27,086|
|Food and drink sales|||||211,647||211,647|602,151|
|Other sales|||||700||700|5,662|
|Renewable|income||||70,680||70p680|73,795|
|Rental income|||||6,679||6,679|19,041|
|Sale ofgoods|||||106,152|9,032|115,184|146,640|
||||||398,212|9,032|407,244|978,027|
|OTAL INCOME|||||||||
|ncome has|been generated|||from the following categories:|||||
||||||||Total|Total|
||||||||2021|2020|
||||||||E|E|
|Middleton|Garden|Limited|||||445,391|960,843|
|Horticulture|||||||29,581|32,976|
|Education|||||||10,082|58,309|
|Admission|and membership||||||650,578|848,409|
|Operations|and central||||||1,207,991|720,398|
|Fundraising|and events||||||767|26,493|
|Science|||||||2,447|4,930|
|Restricted|funds||||||2,629,272|3,780,414|
||||||||4,976,109|6,432,772|



## 

## 



## 

|||Raising||||Total|Total|
|---|---|---|---|---|---|---|---|
|||funds<br>f|Direct<br>E|Support<br>E|Governance<br>E|2021f|2020<br>E|
|Advertising<br>and||||||||
|ma rketing||12,229|35,901|1,173||49,303|111,016|
|Audit fees|||||12,500|12,500|12,050|
|Bad debt||||(1,445)||(1,445)|9,733|
|Catering consuma bles||6,650||||6,650|30,747|
|Cleaning and waste||||||||
|management||95|20,151|374||20,620|28,007|
|Depreciation||2,027|958,573|18,876||979,476|970,799|
|Educational<br>and research||||||||
|expenditure|||22,366|||22,$66|74,579|
|Equipment<br>hire, repairs||||||||
|and maintenance||13,983|63,509|694||78,186|101,366|
|Event and attraction||||||||
|expenses||460|(52)|||408|54,181|
|Farm expenses|||11,787|||11,787|13,338|
|Health and safety|||6,532|||6,532|10,152|
|Horticulture<br>costs|||150,518|||150,518|213,682|
|Insurance|||53,533|||53,533|49,957|
|Interest, card and|bank|||||||
|charges|||133|19,081||19,214|36,716|
|ITcosts||3,617|$7,868|18,470||59,955|70,520|
|Lease costs||||5,944||5,944|6,410|
|Legal and professional||||||||
|fees||945|91,031|12,005||103,981|86,462|
|Light, heat, power|||176,691|||176,691|227,652|
|Loss on sale ofasset|||||||48,791|
|Other costs|||1,295|2,066||3,465|4,236|
|Other staff and volunteer||||||||
|costs||90|67,946|||68,036|76,909|
|Printing,<br>postage,||||||||
|stationery||3,564|25,789|4,019||$$,372|32,876|
|Premises repairs and||||||||
|maintenance|||236,089|||236,089|44,862|
|Purchases||114,842|32,793|||147,6$5|330,298|
|Rent, rates and water|||10,162|||10,162|19,919|
|Subscriptions<br>and|licenses|2,861|11,770|1,748||16,378|18,943|
|Telephone<br>and mobiles|||12,295|4,310||16,605|16,039|
|Translation<br>and||||||||
|interpretation|||15,492|||15,492|31,837|
|Travel and subsistence||180|1,280|4,957||6,417|37,175|
|Wages and salaries||155,560|1,723,472|164,169||2,043,201|2,060,462|
|||317,207|3,766,924|256,441|12,500|4,353,072|4,822,634|





## 

## 

## 

## 

||||2021|2020|
|---|---|---|---|---|
|||||f|
|Middleton<br>Garden<br>Limited|||426,545|846,252|
|Horticulture|||321,726|362,291|
|Education|||56,332|92,539|
|Admission<br>and membership|||63,678|90,349|
|Operations<br>and central|||617,003|806,720|
|Fundraising<br>and events|||74,272|176,546|
|Science|||86,529|125,441|
|Interpretation|||30,054|33,949|
|Restricted funds|||2,676,933|2,288,547|
||||4,353,072|4,822,634|
|ET INCOME FOR THE YEAR|||||
|Net income for the period|was stated|after charging:|||
||||2021|2020|
|~Grou|||f|f|
|Auditors<br>remuneration:|||||
|Audit fees|||11,500|11,050|
|Accountancy<br>services|||1,000|1,000|
|Depreciation|||979,476|970,799|
|Operating<br>leases|||11,175|10,140|
|NALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION|||AND EXPENSES, AND THE COST OF KEY||
|MANAGEMENT<br>PERSONNEL|||||
||||Total|Total|
||||2021|2020|
||||f|f|
|Wages and salaries|||1,764,476|1,742,244|
|Freelance and contracted|labour||80,394|137,430|
|Social security costs|||119,335|120,132|
|Pension costs (defined contribution||scheme)|62,278|60,656|
||||2,026,483|2,060,462|



## 

## 

## 



## 

|Number ofstaff to whom benefits are accruing:|
|---|
|Key management<br>personnel|



|Total|Total|
|---|---|
|2021|2020|
|E|E|
|Total|Total|
|2021|2020|
|E|E|





## 

## 

## 

## 

## 

## 

|2021|2020|
|---|---|
|No.|No.|
|102|120|
|102|120|



||||2021|2020|
|---|---|---|---|---|
||||No.|No.|
|Charitable|activities||73|80|
|Fundraising||activities||2|
|Management||and administration|13|13|
|||||95|



## 



## 

|ANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures,||
||||fittings,||
||Land and|Plant and|vehicles and||
|~Grou|buildings|machinery|plants|Total|
||E|E||E|
|Cost|||||
|At 1April 2020|29,078,231|9,145,105|2,295,323|40,518,659|
|Additions<br>Disposals|771,336|202,245|155,191<br>~3,550)|1,128,772<br>(3,550)|
|At 31March 2021|29,849,567|9,347,350|2,446,964|41,643,881|
|Depreciation|||||
|At 1April 2020|9,282,177|4,148,056|973,135|14,403,368|
|Charge for the year|485,578|385,621|108,278|979,477|
|At 31March 2021|9,767,755|4,533,677|1,081,413|15,382,845|
|Net book value|||||
|At 31March 2021|20,081,812|4,813,673|1,365,551|26,261,036|
|At 31March 2020|19,796,054|4,997,049|1,322,188|26,115,291|
|Charity|||||
|Cost|||||
|At 1April 2020|29,078,231|9,134,004|2,294,708|40,506,944|
|Additions|771,336|202,245|152,294|1,125,875|
|Disposals|||(3,550)|(3,550)|
|At 31March 2021|29,849,567|9,336,249|2,443,452|41,629,268|
|Depreciation|||||
|At 1April 2020|9,282,177|4,144,518|973,135|14,399,830|
|Charge for the year|485,578|383,726|107,865|977,169|
|At 31March 2021|9,767,755|4,528,244|1,081,000|15,376,999|
|Net book value|||||
|At 31March 2021|20,081,812|4,808,005|1,362,452|26,252,269|
|At 31March 2020|19,796,054|4,989,486|1,321,573|26,107,113|





## 

## 

## 

|NBVofassets under finance leases||
|---|---|
|Depreciation<br>on the above||
|Capital commitments<br>at balance sheet date||
|Total ofassets funded<br>by restricted|reserves|
|Total ofassets funded<br>in course of|construction|



## 


||||2021|2020|
|---|---|---|---|---|
||||E|f|
|Profit and Loss Account|||||
|Turnover|||445,391|960,843|
|Expenditure|||(426,545)|(938,265)|
|Operating<br>profit|||18,846|22,578|
|Statement ofChanges|in Equity||||
|Balance brought forward|||8,179|7,085|
|Profit and total comprehensive||income|||
|for the period|||18,846|22,578|
|Distributions<br>to parent|charity under gift||||
|aid|||(18,256)|(21,484)|
|Balance carried forward|||8,769|8,179|
|Capital and Reserves:|||||
|Reserves|||8,768|8,178|
|Share capital|||1|1|
||||8,769|8,179|





|14.|STOCK||||
|---|---|---|---|---|
||||Total|Total|
||||2021|2020|
||~Grou||f|f|
||Stock||100,507|108,353|
||||100,507|108,353|
||&barite||||
||Stock||21,479|25,536|
||||21,479|25,536|
|15.|DEBTORS||||
||||Total|Total|
||~Grou||2021f|2020<br>f|
||Trade debtors||9,183|20,956|
||Prepayments||57,554|54,442|
||Other debtors||654,681|949,303|
||||721,418|1,024,701|
||Charity||||
||Trade debtors||9,183|14,705|
||Prepayments||57,554|54,442|
||Other debtors||654,681|949,302|
||Amounts|owed by group undertakings|67,084|63,055|
||||788,502|1,081,504|





## 

||Total|Total|
|---|---|---|
||2021|2020|
|~Grou||E|
|Bankloans<br>and overdrafts|25,460|37,460|
|Trade creditors|332,273|287,937|
|Deferred income|466|139,221|
|Accruals|389,703|373,196|
|Taxation and social security||29,308|
|Other creditors|1,530|13,556|
||749,432|880,678|
|Charity|||
|Bank loans and overdrafts|25,460|37,460|
|Trade creditors|317,995|266,819|
|Deferred income|466|136,745|
|Accruals|389,179|368,192|
|Taxation and social security||29,308|
|Other creditors|1,530|13,556|
||734,630|852,080|



## 

|||||2021|2020|
|---|---|---|---|---|---|
|~Grou||||E|E|
|Balance|at the start ofthe reporting|period||139,221|16,550|
|Amounts|added in current period||||182,826|
|Amounts|released to income from|previous|periods|(138,755)|(60,155)|
|Balance|at the end ofthe reporting|period||466|139,221|
|Charity||||||
|Balance|at the start ofthe reporting|period||136,745|4,592|
|Amounts|added<br>in current<br>period||||176,963|
|Amounts|released to income from|previous|periods|(137,211)|(44,810)|
|Balance|at the end ofthe reporting|period||466|136,745|





## 

## 

## 

## 





## 




## 

## 



## 

|19.<br>RESTRICTED|FUNDS|FUNDS|FUNDS|(continued)|||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at||||Balance at|
|||||1April||||31March|
|G~dd||||2019<br>f|Income<br>f|Expenditure<br>f|Transfersf|2020<br>f|
|Fixed Asset Fund||||20,443,181|95,000|(975,532)|2,077,861|21,640,510|
|Growing the Future||||457,753|710,199|(667,879)|(37,066)|463,007|
|Regency Restoration||||44,577|2,419,747|(291,870)|(2,013,554)|158,900|
|Apprenticeship<br>Scheme||||106,126|75,000|(49,604)||131,522|
|Penny David Mycology||Fund||1,800|||(1,800)||
|The Waterloo<br>Foundation|||/||||||
|Borneo||||7,951||(5,686)||2,265|
|Professor 0 Morgan||||896|||(896)||
|Institute of Physics||||264|||(264)||
|Welsh Government|-Sundry|||2,750||||2,750|
|National<br>Lottery Awards||for|||||||
|All Wales||||7,842||(6,624)|(1,218)||
|Japanese Garden|||||||||
|Restoration||||(17,192)|21,460|(2,713)|(1,555)||
|Feasibility Studies||||(15,713)|42,931|(28,149)|931||
|Caru Natur Cymru'/Biophilic|||||||||
|Wales Project|||||232,561|(222,344)|(10,217)||
|Postcode Lottery|||||18,480|(10)||18,470|
|Sustainable<br>management|||||||||
|scheme|||||165,036|(35,346)|(25,292)|104,398|
|||||21,040,235|3,780,414|(2,288,547)|(10,280)|22,521,822|





## 

|||||Balance at||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||1April||||31March|
|||||2020|Income|Expenditure|Transfers|2021|
|Garou||||E|E|E|E|E|
|General||unrestricted|funds|3,164,896|2,346,837|1,676,139|(10,971)|3,824,623|
|||||3,164,896|2,346,837|(1,676,139)|(10,971)|3,824,623|
|Charity|||||||||
|Genera|I|unrestricted|funds|3,156,718|1,918,577|(1,248,514)|(10,971)|3,815,810|
|||||3,156,718|1,918,577|(1,248,514)|(10,971)|3,815,810|
|||||Balance at||||Balance at|
|||||1April||||31March|
|||||2019|Income|Expenditure|Transfers|2020|
|~Grou||||E|f|f|E|E|
|General||unrestricted|funds|3,036,345|2,652,358|(2,534,087)|10,280|3,164,896|
|||||3,036,345|2,652,358|(2,534,087)|10,280|3,164,896|
|Charity|||||||||
|General||unrestricted|funds|3,029,260|1,805,013|(1,687,835)|10,280|3,156,718|
|||||3,029,260|1,805,013|(1,687,835)|10,280|3,156,718|





## 

## 

## 

|NALYSIS OF NET ASSETS BETWEEN|FUNDS|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|2021|
|~Grou|E|E|E|
|Fixed assets|4,514,204|21,746,832|26,261,036|
|Net current assets|759,104|738,300|1,497,404|
|Long term liabilities|(1,448,685)||(1,448,685)|
||3,824,623|22,485,132|26,309,755|
|Charity||||
|Fixed assets|4,505,437|21,746,832|26,252,269|
|Investments|1||1|
|Net current assets|759,057|738,300|1,497,357|
|Long term liabilities|(1,448,685)||(1,448,685)|
||3,815,810|22,485,132|26,300,942|
||Unrestricted|Restricted|Total|
||funds|funds|2020|
|~Grou|E|E|E|
|Fixed assets|4,474,781|21,640,510|26,115,291|
|Net current assets|130,030|881,312|1,011,342|
|Long term liabilities|(1,439,915)||(1,439,915)|
||3,164,896|22,521,822|25,686,718|
|Charity||||
|Fixed assets|4,466,603|21,640,510|26,107,113|
|Investments|1||1|
|Net current assets|130,029|881,312|1,012,435|
|Long term liabilities|(1,439,915)||~1,439,915|
||3,157,812|22,521,822|25,679,634|



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|23.|OPERATING<br>LEASECO|OPERATING<br>LEASECO|MMITME|NTS|NTS|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||The following operating||leases|were in||place as at31March 2021:||||||
|||||||||||Total|Total|
||~Grou|||||||||2021|2020|
|||||||||||E|E|
||Within one year|||||||||11,175|10,140|
||Within two to five years|||||||||16,835|18,649|
|||||||||||28,010|28,789|
||Charity|||||||||||
||Within one year|||||||||5,474|4,848|
||Within two to five years|||||||||669|4,416|
|||||||||||6,143|9,264|
|24.|RECONCILIATION|OF NET MOVEMENT||||IN|FUNDS|TO NET CASH FLOW||FROM OPERATING||
||ACTIVITIES|||||||||||
||~Grou|||||||||2021|2020|
|||||||||||E|f|
||Net income for the reporting|||period||||||623,037|1,610,138|
||Adjustments for:|||||||||||
||Depreciation<br>charges|||||||||979,477|970,799|
||Loss/(gain)<br>on disposal|||||||||3,550|52,710|
||(Increase) / decrease||in stocks|||||||7,846|(10,812)|
||(Increase) / decrease||in debtors|||||||303,283|(606,398)|
||Decrease<br>in creditors|||||||||(119,246)|246,638|
||Dividends,<br>interest and rents from investments|||||||||(3,135)|(4,625)|
||Net cash provided<br>by operating||||activities|||||1,794,812|2,258,450|
||Anal<br>isofCash|and|Cash E uivalents|||||||||
||Cash in hand|||||||||1,424,911|758,966|
||Total Cash and Cash Equivalents|||||||||1,424,911|758,966|
||Anal sisof chan|es innetfunds||||||||||
|||||||||At 1|New|Cash|Asat31|
||||||||April|2020|finance|flows|March 2021|
|||||||||E|f|f||
||Cash||||||758,966|||665,945|1,424,911|
||Loans falling due|within one year|||||(37,460)||(3,000)|15,000|(25,460)|
||Loans falling due|after more than||||||||||
||one year||||||(1,439,915)|||(8,770)|(1,448,685)|
||||||||(718,409)||(3,000)|672,175|(49,234)|





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## 

|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restricted|funds|
|||funds|funds|2020|
|||E|E|f|
|Income and endowments|from:||||
|Donations<br>and legacies||721,275|709,198|1,430,473|
|Charitable<br>activities||951,129|3,068,518|4,019,647|
|Investment<br>income||4,625||4,625|
|Other trading activities||975,329|2,698|978,027|
|Totalincome and endowments||2,652,358|3,780,414|6,432,772|
|Expenditure<br>on:|||||
|Raising funds||917,997||917,997|
|Charitable<br>activities||1,616,090|2,288,547|3,904,637|
|Total expenditure||2,534,087|2,288,547|4,822,634|
|Net income/(expenditure)||118,271|1,491,867|1,610,138|
|Transfers between funds||10,280|(10,280)||
|Net movementin<br>funds||128,551|1,481,587|1,610,138|
|Reconciliation of Funds|||||
|Tota I funds brought forward||3,036,345|21,040,235|24,076,580|
|Totalfunds carried forward||3,164,896|22,521,822|25,686,718|



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