Charity re9lStration number.. 1055573 Cardiff United Synagogue Annual Report and Financial Ststements for the Year Ended 31 December 2023 HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NPIO 8FY
Cardiff United Synagogue Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examinerfs Report Statement of Financial Activities Balance Sheel Notes to the Financlal Statements 8t019
Cardiff United Synagogue Reference and Adminlstratlve Detalls Chalrman Mrs. L. Gerson Prlnclpal Office Cyncoed Gardens, Cyncoed Road, Cardiff CF23 SSL Mrs. C. E. Bloom Trustees Mi. P. G. Dennis Mrs. L. Garson Mrs. R. Levene Mr A M Jacobs Mr M Littlestone Mr S Hamilton Mr J Rapport Mrs L Cohen Mrs R Woolf Accountant HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NP10 8FY Bankom Lloyds TSB 8ank PLC 31 Queen Street City Centre Cardiff CF10 2AQ Charoty Reglstratlon Number 1055573 Page 1
Cardiff United Synagogue Trustees, Report The Trustees have adopted the provisions of the SORP "Accounting and Reportlng by Charrties" (FRS 102) in preparing the annual report and financial statements of the charity. Achlovements and performance Cardiff United Synagogue Gontinues lo provide a comprehensive range of Jewlsh religious, educats.onal and social programmes for its membership and the wider Jewish community. The executives and council of the Synagogue have worked tirelessly to ensure a range of activities forall ages is provided. We hope the breadth and scope of facilrties and services ¥ve provide can be maintained at their present level and eve in¢ased in the coming year, whilst simultaneousty keeping costs to 8 minimum. Flnanclal revl•w These financial statements have been prepared under the historical cost conventlon and In accordance with applicable accounting siandards. and the Statement of Recommended Practlce for Charities (SORP). The Trustees report that the Charity has reallsed a deficit for the year on is unrestricted and restricted funds of £14.240 (2022: £83,060), Total incoming resources of £125,465 (2022: £104,422) includes voluntary income from various sources of £45,966 (2022.. £36,349). Direct chafitable expenditure and estsbilshmenl Costs amount to £165,145 (2022: £164,462), the various costs being disclosed in the detailed Statement of Financial Activities. The recurring costs 8re maintained al reasonable levels reflecting Ihe tireless efforts of all concerned. All of the incoming resources have been applied to further the general objects of the charity. Policy on reseThes The Executive Council has recognised that an amount should be retsined in unrestricted resetves, not committed or invested in tsngible fixed assets ('the free reserves,), in order to continue the current aclivities of the charity in the event of a drop in income. It is the long term goal of the Executive Council to maintain a level of free reserves. to an amount equal to Mienty four monlhs resources expended. Each year the level of funds afe reviewed and either increased or used according to the needs at that ts'me. as at 31 December 2023 Ihe unresctn'cted reserves balance stood at £1,287.480 (2022.. £1.301,721). Investment pollcy and obJ•¢tlves The charity's investments are managed by a recognised Investment Management Company outside the control of the Trustees. The Executive OffirS and Council decide the crileria to be followed by the investment managers in relation to the funds split and ethical requirements. It is noted that during the year ended 31 December 2023 Ihe investment portfolio was subject to an annual revaluation surplus ol some £23,628. Page 2
Cardiff United Synagogue Tru8tses' Report Structure, governance and management Nature of governlng document The organisation is an unincorporated charitable body, registered on 22nd May, 1996. The organisation is governed by it's constitution which was adopted on 21 st April, 1996. Recrultment and appolntmont of Trustees New Trustees are recruited by personal introduction, and appointed by a resolution of the existing Trustees, in accordance with the Charity's Constitution. Consideration of appropriate and relevant skills and experience is given when introducing new Trustees to the charity. New Trustees are made aware of their responsibilities under Charty Law: arranging appropriate induction and training; and ensuring Criminal Records checks are undertaken. Organlsatlonal structurn The organisation is managed by Executive Officers and a Council whose role is lo further the overall objectives for Cardiff United Synagogue and to ensure that the organisation is keeping within rts legal and moral obligations. The Executive Officers and Council are responsible for the organisatlon's day to day management together with the implementation of the Charity's Strategy and policy framework. There have been no material changes in policy during the year. Major rlsk8 and management of those rlsks The Executive Officers and Councll discuss and respond to risks that the charity may be exposed to on an ad hoc basis as and when these rlsks are Identified. The diminishing Jewish community in Cardiff is an ongoing concem for the charity. The constitution has now been amended to adopt a more inclusive 8ttitude towards the encouragement of new members. The annual r behalf by- ort was approved by the irustees of the charity on 19 May 2024 and signed on its Mrs. L. Gen8on Chairman and trust Page 3
Cardiff United Synagogue Trustees. Report Statement ol Trustees. Responslbllltl•8 The trustees are responsible for preparing the trustees, report and the financial statements in accordance with Ihe United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and re9ulatsons. The law applicable to charities requires the truslees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then appty Ihem consislently; observe ihe methods and principles in the Chawits'es SORP., make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial ststements: and prepare the financial statements on the going concem basis unless it is inappropriatè to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the appIable Charities (Accounts and Reports) Regulats'ons, and the Provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
Cardiff United Synagogue Independent Examlner's Report to the trustees of Cardiff United Synagogue I report to the trustees on my examination of the accounts of Cardiff United Synagogue for the year ended 31 December 2023. Responslbllltles and basis of report As the charity trustees of Cardiff United Synagogue 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 Cardiff United Synagogue's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independant examlner's Statement I have completed my examinath'on. I confirm that no materia5 matters have come to my attention in connects'on with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of Cardiff Uniled Synagogue as required by section 130 of the Act; or 2. the accounts do not accord with Ihose rKords; or 3. the accounts do not comply with the accounting 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 lo which attentlon should be drawn in this report in order to enablè a proper understsnding of the accounts to be reached. ndrew Hill FCCA ACA OChA BFP Severn House Hazell Drive Newport South Wales NP10 8FY 20 May 2024 Page 5
Cardiff United Synagogue Statement of Financial Activities for tha Year Ended 31 December 2023 Unr88trlcted funds Total 2023 Total 2022 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 45.996 78.277 55 3,948 45,996 78,277 55 3.948 36,349 58,563 13 9,497 Tolal Income 128,276 128,276 104,422 Expendltur• on: Raising funds Govemance costs Charitable aclivities {27) (3,417) 162,701 (27) (3.417) 162,701 {57) (6,371) 158,034 Total Expenditure Gainsllosses on investment assets 166.14S 23,628 166,145 23 628 164,462 23,020 Net expenditure Other recogn16¢d galn8 and 1088es Gainsllosses on revaluation of fixed assets for charity's own use Net movement in funds (14.241) {14,241) <83,060) 170.952 (14,241) (14,241) 87,892 Reconclllation of fund8 Total funds brought forward 1.301,720 1.301,720 1,213,829 Total funds carried fOard 19 1.287,479 1.287,479 1,301,721 All of the charity's activities derive from continuing operaiions durlng the above two periods, The funds breakdt)wn for 2022 is shown in note 19. The notes on pages 8 to 19 forffl an integral part of these financial statements. Page 6
Cardiff United Synagogue (Reglstration number: 1055573) Balanc8 Sheet as at 31 December 2023 2023 2022 Note Flxed assets Tangible assets Heritsge assets Investments 12 13 14 1,295,369 56,261 237,727 1,295,807 56,9C6 2S7,255 1.589,357 1,609,968 Current assets Debtors Cash at bank and in hand 15 16 46,287 6,762 39,198 6,861 53,049 46,059 Credltors: Amounts falllng due wllhln one year 17 4,926 4.306 Net Current assets 48,123 41,753 Total assets less current liabllltl•s 1,637,480 350,000 1,287,480 1,651,721 350,000 Credltorn.. Amount8 falllng due after more than one yoar 18 Net a88ets 1,301,721 Fund8 of the charfty: Unrestrlcted Incom• funds Unrestricted 1,287,479 1,301,721 Total funds 19 1,287,479 1,301,721 The financial s 19 May 2024 tements on pages 6 to 19 were approved by the trustees, and authorised for issue on nd signed on their behalf by.. Mrs. L. Gerson Chairman and truste The note5 on pages 8 to 19 fomi an integral part of these financial statements. Page 7
Cardiff United Synagogue Notas to the Financial Statements for the Year Ended 31 December 2023 1 A¢countlng policles Statement of compllance The financial statements have been prepared in accordance wlth the second edition of the Charities Statement of Recommended Practlce issued in October 2019. the Financial Reporting siandard applicable in the United Kingdom and Republlc of Ireland (FRS 1021 and the Chartties Act 2011. Ba85s of preparatlon Cardiff United Synagogue meets the definitson of a public benefit entity under FRS 102. The accounts (financial ststements) have been prepared under the hlstorlcal cost convention with items cogniSed at cost or transaction value unless otheNrfise stated in the relevant note(s) to these accounts. Exemptlon from preparfng a ca8h Ilow statement The charity opted to early adopt Bulletin 1 published en 2 February 2016 and have therefore not included a cash flow statement In those financlal statements. Changes In accountlng pollcy During the year ended 31 December 2022 the declsion was taken to adopy a valuatlon accounting policy ID respect of the charity's freehold land and builings. This decision was taken lo refiect the fact thal it is the expectation of the Executive Council that the properties will in fact appreciate each year and that the annual depreciation charge was therefore misleading. To reflect this step, a revaluation adjustment of £170,952 is reflected in these accounts to re-instate hlstorical depreciation and a fair value assessment of each propety will be conducted annualty from hereon. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with suffi'cient liabIlity. Donatlons and legacles Donations and legacies are recognised on a receivable basis when receipt is probable and the amouni can be reliably measured. Grants rKelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheel as deferred income to be released. Investment Income Interest on funds held on deposit is included when receivable and Ihe amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Dividends are recognised On the dividend has been declared and notification has been received of the dividend due. Page 8
Cardiff Unlted Synagogue Notes to the Financial Statements for the Year Ended 31 December 2023 Expend5ture All expenditure is recognised once there is a legal or constructive obligats'on to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the ports'on of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralslng funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charltabla actlvftles Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect necessary to support them. Support ¢08ts Support costs Include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example. allocating property costs by fl¢)or aroas, or per capita, staff costs by the time spent and other costs by their usage. Govemanco costs These include the costs attributsble to the charity's compliance with constitutional and statutory requiremenls, including audit, strategic management and trustees's meeb'ngs and reimbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classifie(l as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related cosls are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Taxatlo The chanty is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Acl 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extenl that such income or gains are applied exclusivety io charitable purposes. Tanglblé fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreGiation and subsequent accumulated impairment losses. Page 9
Cardiff United Synagogue Notes to the Financial Ststemants for the Year Ended 31 December 2023 Freehold land and buildings are carried at reasonable fair value. Valuations are conducted by the Trustees annually based on open market conditions for each property. Independent valuations are obtained as and when required. Horitage assets To meet the requirements of the SORP, disclose the policy for acquisition, preservation, management and disposal of heritage assets. Depraclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to Wfite off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows.. Depreclatlon method and rat 10 % straight line basis 10h straight line basis A88et clas$ Fixtures and fitb'ngs Scrolls and silver Flxed asset Invéstments Fixed asset investments. other than programme related investments, are included at market value at Ihe balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represeni the movement in market values during the year and are credited or Gharged to the siatement of Financial Activitses based on the market value at the year end. Trade d•btor8 Trade debtors are amounts due from customers for merchandise sold or Ser41S performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest meth¢)d, less provision for impainnent. A provision for the impairment of trade debtors is established when there Is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Ca8h and cash equlval•nts Cash and cash equivalents comprise cash on hand and call deposits, and other short-term hhlY liquid investments that are readily convertible to a known amount of cash and are subject to an Insignificant wisk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the chaflty. Page 10
Cardiff United Synagogue Notes to the Financial Statements for the Year Ended 31 December 2023 Restricted income funds are those donated for use in a particular area or for specific puTposes, the use of which is restricted to that area or puipose. Designated funds are unrestricted funds earmarked by the management committee for particular purposes. Further details of each fund are disclosed in note 19. 2 Income from donatlons and legaclos Unrastrlcted funds Total 2023 Total 2022 Gènoral Donatlons and l•gacios' Offerings Sundry donations 4.783 21,805 4,783 21,805 1,064 21,507 26,588 26.588 22,571 Sub8crlptlon8 Tax fecoverable under Gift Aid Grants, including capital grants,. Government grants 13,783 13,783 11,954 5,625 5,625 45,996 1,824 36.349 45,996 Page 11
Cardiff Unitsd Synagogue Notes to the Financial Ststements for tho Year Ended 31 December 2023 3 Income frnm charltabla actlvltles Unrestrlctad fund8 General Total 2023 Total 2022 Support and advancement of the Jewish Community Burial services 65,787 12,490 78,277 65,787 12,490 78,277 56.057 2,506 58,563 4 Income from other tradlng actlvltles Unrestrlcted funds Total 2023 Total 2022 G•n•ral Judaica shop income 55 55 13 5 Invostm•nt Income Unrestrfcted funds Total 2023 Total 2022 General Interest receivable Dividend incorne 1,756 2,192 1,756 2,192 3,243 6.254 Page 12
Cardlff United Synagogue Notes to th8 Financial Statements for the Year Ended 31 December 2023 6 Expendlture on charltable actlvllles Unrestrlcted Tolal 2023 Total 2022 Genoral Note Support and advancement of the Jewish Community Burial ser¥ices Allocated support costs Governance costs 139,097 7,275 16,329 3,417 166,118 139.097 7,275 16,329 3,417 166,118 135,700 5,992 16,342 6,371 164,405 7 Anaty818 of governance and support co8ls Govemance costs Unrestrlcted funds Total 2023 Tolal 2022 General Independent Examiner's remuneration Other governance costs 2.838 579 2.838 579 2,838 3,533 6,371 3,417 8 Net Incomlngloutgolng resources Net outgoing resources for the year include.. 2023 2022 Depreciation of fixed assets 1.490 1,489 Page 13
Cardiff United Synagogue Notes to the Financlal Statements for th8 Year Ended 31 December 2023 9 Trustees romuneratlon and expenses No trustees have received any 1mbUr5ed expenses or any other benefits from the charity during the year. 10 Staff costs The aggregate payroll costs were as follows.. 2023 2022 Staff costs during the year were". Wages and salaries Social secunty Costs Pension costs 60,548 3,874 516 60,906 3,502 500 64.938 64,908 The monthly average number of persons (including senior managemenl I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2023 2022 No Rabbi Administration Caretaker Teacheis (2022 - 2) of the above employees participated in the Defined Contribution Pension Schemes. No employee received emoluments of more than £60,000 during the year Page 14
Cardiff United Synagogue Notes to the Financial Statements for the Year Endèd 31 December 2023 11 Taxatlon The charity is a registered charity and is thefore exempt from taxation. 12 Tanglble flxed a88ets Land and bulldlngs Furnlture and equ5pment Tolal Cost At 1 January 2023 Additions 1,291,426 21.814 1,313,240 1.052 1,052 At 31 December 2023 1,291,426 22,866 1,314,292 Depreclatlon At 1 January 2023 Charge for the year At 31 December 2023 17,433 1,490 17,433 1,490 18,923 18.923 Net book value At 31 December 2023 1,291,426 3,943 1,295,369 At 31 December 2022 1,291,426 4,381 1,295,807 Page 15
Cardiff United Synagogue Notes to the Financial Statements for the Year Ended 31 December 2023 Rèvaluatlon The fair value of the company's Land and buildings was revalued on 31 December 2022. An Independent valuer was not involve(l. Freehold land and buildings are held at open market value. Had this dass of asset been measured on a historical cost basis. theif carrying amount would have been £1,068,054 (2022 - £1,093,883}. 13 Herltago assets Artelact8 Total Cost At 1 January 2023 At 31 Oecember 2023 66,808 66.806 66,806 66,806 Deproclatlon At 1 January 2023 Charge for the year At 31 December 2023 9,900 645 9,900 645 10,545 10.545 Net book value At 31 December 2023 56.261 56,261 Page 16
Cardiff Unlted Synagogua Notss to the Financial Statements for the Year Ended 31 December 2023 14 Flxed asset Inveslments Other Investm•nts 2023 2022 Other investments 237,727 257,255 15 Debtors 2023 2022 Trade debtors Prepayments Accrued income Other debtors 35.570 2,656 6,891 1,170 46,287 32,803 86 5,639 670 39,198 16 Cash and ea8h equlvalents 2023 2022 Cash on hand Cash at bank 140 6,622 6,762 90 6,771 6.861 Page 17
Cardiff Unltsd Synagogue Notes to the Financial Statsments for the Year Ended 31 Decémber 2023 17 Crndltor6: amounts falllng due wlthln one year 2023 2022 Other taxatson and social security other creditors Accruals 724 112 4,108 4,306 4,108 4.926 18 Credltor8: amounts falllng duo after one year 2023 2022 Other loans 350,000 350,000 The loan is secured against the property for whlch it was used to purchase. There is a first charge over the property and the loan will be repaid upon sale of the prop8ty. 19 Fund8 Balance at Other 31 Incomlng Re8ourcM r•cogn180d December rvdoufco8 •xp•nded galn81(IovdO8 2023 Balanco at 1 January 2023 Unrestrlcted funds Unrnstri¢¢ed general funds Unrestricted income fund 682,484 125,465 (168,145) 26,440 668,244 Unrestrlcted deslgnated funds Endowment Fund 819,236 619,236 Total funds 1.301,720 125.465 166,145 26,440 1,287.480 Page 18
Cardiff United Synagogue Notes to the Flnancial Stat8ments for the Year Ended 31 December 2023 Balance at 31 December 2022 £IAs restated) Balance at 1 January 2022 Other Resources recognlsed expended galnsl(losso$) Incomlng resources Unrestrlcted fund8 G8n•ral Unrestricted income fund 594,593 104,422 (164,462) 147,931 682,484 Deslgnated Endowment Fund 619.236 619.236 Total funds 1,213,829 104,422 164,462 147,931 1.301.720 20 Analy816 of net as8et8 b8tw•en funds Total funds at31 Decembor 2023 Unrestrlcted funds Gèneral D•8lgnatod Tangible fixed assets Heritage assets Fixed asset investments Current assets Current liabilib'es Creditors over 1 year Total nel assets 913,860 56,261 381,509 1,295,369 56,261 237,727 53,049 (4,926) 350,000 237,727 53,049 (4,926) 350,000 668,244 619,236 1,287,480 Total funds at31 December 2022 Unrestrlcted funds General Deslgnated Tangible fixed assets Heritage assets Fixed asset investments Current assets Current liabilities Creditois over 1 year 933.826 56,906 361.981 1,295,807 56,906 257,255 46,059 (4,3C) 350,000 257,255 46,059 14,306) 350,000 Total net assets 682,485 619,236 1,301,721 Page 19
Cardiff United Synagogue Detailed Statement of Financial Activities for the Year Ended 31 Decamber 2023 Total 2023 Total 2022 Donatlons and legacles Offerings Sundry donats'ons Grants - other agencies Tax recoverable under Glft Ald 4.783 21,805 5,625 13,783 45,9g6 1,064 21,507 1.824 11.954 36.349 Charltable a¢tlvKles Burial board income Member subscriptions School visits 200 Club income 12,490 65,219 70 498 2.506 55,875 125 57 78,277 58,563 Other tr8dlng actlvitles Judaica shop income 55 13 55 13 Investment Incom• Interest receivable Dividend income 1,756 2,192 3,948 3,243 6,254 9,497 Ral8lng funds Shop purchases 27 57 27 57 Charltabl• actlvltles Cheder wages Burial board Salaries Stsff NIC (Employers) Staff pensions (Defined contribution) - pensbon scheme 1 Relief ministerial fees Social event5 Rabbi expenses Affiliation fees Library account Rates Light & heat Insurance (1,5341 {5,992) {32,664) (3,503) (7,275) (30,796) {3,874) (516) (4,968) {17,179) {3,377) (863) (4.282) 114,923) (775) (981) (238) (2,932) (4,1951 (11,531) (3.337) 15,502) (10.551) This page does not fonn part of the statutory financial statements. Page 20
Cardiff United Synagogu8 Detailed Ststement of Financial Activities for the Year Ended 31 December 2023 Total 2023 Total 2022 Synagogue repairs Cemetery repairs Repairs - CR Wages and salaries Telephone Computer maintenance Stationery Caretaker and cleaning costs Sundry expenses Motor expenses Bad debts Bank charges Depreciation of plant and machinery Accountsncy fees Stockbrokers fees (11.943} (7,580) (895) (14,194) (1,9191 (1,782) 12,710) (16,759) (3,025) (6,476) (4,803) (242) (2,135) (2,8381 579 {15,928) (6,739) (2,009) (14,208) (2.057) (1.730) 11,892) (16,493) (3,664) (7,400) (230) (2.134) (2,838) 3,533 164,405 166,118 GainOSseS on Investment assets (Gain)Iloss on programme related investments Galnsllo88e8 on revaluatlon of fixed assets for charlty'8 own use Revaluatlon reseNe - assets for charity's own use 23,628 23,020 170,952 Thls page does not form part of the statutory financial statements. Page 21