```
REGISTERED COMPANY NUMBER: 03395875 (England and Wales)
REGISTERED CHARITY NUMBER: 1064878
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`FOR`**
## **`GYMNASTIC TRUST LTD.`**
```
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
```
```
GYMNASTIC TRUST LTD.
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
```
||**`Page`**|**`Page`**|**`Page`**|
|---|---|---|---|
|**`Reference and Administrative Details`**||`1`||
|**`Report of the Trustees`**|`2`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`12`|
|**`Detailed Statement of Financial Activities`**||`13`||
```
GYMNASTIC TRUST LTD.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021`**
|**`TRUSTEES`**|`S Jeliazkov`|
|---|---|
||`M J Murphy (appointed 19/7/2021)`|
||`L Jeliazkova`|
|**`COMPANY SECRETARY`**|`L Jeliazkova`|
|**`REGISTERED OFFICE`**|`Riverside House`|
||`1-5 Como Street`|
||`Romford`|
||`Essex`|
||`RM7 7DN`|
|**`REGISTERED COMPANY`**|`03395875 (England and Wales)`|
|**`NUMBER`**||
|**`REGISTERED CHARITY`**|`1064878`|
|**`NUMBER`**||
|**`INDEPENDENT EXAMINER`**|`Clemence Hoar Cummings`|
||`Chartered Accountants`|
||`Riverside House`|
||`1-5 Como Street`|
||`Romford`|
||`Essex`|
||`RM7 7DN`|
```
Page 1
```
```
GYMNASTIC TRUST LTD.
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Thecharity'sobjectiveandsoleactivityfortheyearistomaintainandmakeavailableforhiretheuse of
a gymnastic centre.
```
## **`Charitable activities`**
```
Thecharityhasmadeavailablethegymcentreforhireandwillcontinuetodosoandensurethat all
expenditure is funded, as necessary.
```
## **`FINANCIAL REVIEW`**
## **`Going Concern`**
```
Duringtheyearthecompanyhadincomeof£126,058(2020-£199,309),totalresources expended
£70,624 (2020 - £206,838), creating a surplus of £55,434.
```
```
Attheyearendthecompanyhadnetliabilities.ThecompanyhasborrowedmoneyfromGymFunLtd as
setoutinnote10.IntheopinionoftheTrusteesthecompanywillhavesufficientworkingcapitalto meet
allliabilitiesastheyfalldue.Consequentlythefinancialstatementshavebeenpreparedona going
concern basis.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
```
```
GymnasticTrustLtdisaregisteredcharityandacompanylimitedbyguarantee.Themaximumliability of
eachmemberislimitedtoonepound.At31March2021thecompanyhad2members(2020 -2).
Gymnastic Trust Ltd is governed by its Memorandum and Articles of Association.
```
## **`Recruitment and appointment of trustees`**
```
Trustees, who are also Directors of the Company, are elected from the local community
```
## **`Induction and training of new trustees`**
```
NewlyappointedTrusteesareprovidedwithacomprehensiveinductiontotheserviceand are
encouraged to attend external training courses
```
## **`Organisational structure`**
```
GymnasticTrustLtdisgovernedbyitsTrusteeBoardwhichisresponsibleforsettingthe strategic
directionoftheorganisationandthepolicyofthecharity.TheTrusteescarrytheultimate responsibility
fortheconductoftheserviceandforensuringthatthecharitysatisfiesitslegaland contractual
obligations.
```
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure
appropriatecontrolsareinplacetoprovidereasonableassuranceagainstfraudanderror.The trustees
are not aware of any particular potential or actual areas of risk or problem.
```
```
Page 2
```
```
GYMNASTIC TRUST LTD.
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Thetrusteesremaincommittedtomaintainingsufficientreservesintheeventof unforeseen
circumstances arising - this policy is subject to a regular review of finances annually.
```
## **`Funds in deficit`**
```
Unrestricted funds were in deficit at the balance sheet date in the sum of £31,746.
```
## **`Principal funding sources`**
```
The charity is funded on the basis of expenditure. All expenditure is funded in advance.
```
## **`Investment policy and objectives`**
```
There is no investment policy.
```
## **`Public Benefit`**
```
Thetrusteeshavedueregardtotheguidancerelatingtopublicbenefitpublishedbythe Charity
Commission.TheClub'sactivitiesareprimarilyintendedforthebenefitofthepeopleofSouthendon Sea
and the surrounding areas. Our Club is open to all, regardless of age, race, gender, or sexual orientation.
```
## **`FUTURE PLANS`**
```
Gymnastic Trust Ltd aims to continue to provide a gym coaching facilities.
```
```
Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by:
```
```
M J Murphy - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
```
## **`GYMNASTIC TRUST LTD.`**
## **`Independent examiner's report to the trustees of Gymnastic Trust Ltd. ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2021.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Lee Blunden FCCA CTA
Institute of Chartered Accountants in England & Wales
```
```
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
```
```
20 December 2021
```
```
Page 4
```
```
GYMNASTIC TRUST LTD.
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Other trading activities`
`2`
**`EXPENDITURE ON`**
`Raising funds`
`3`
**`Charitable activities`**
`Gymnastics`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|**`2021`**
**`Unrestricted`**
**`fund`**
**`£`**
**`126,058`**
**`-`**
**`70,424`**
**`70,424`**
**`55,634`**
**`(87,180)`**
**`(31,546)`**|`2020`
`Total`
`funds`
`£`
`199,309`
`-`
`206,138`
`206,138`
`(6,829)`
`(80,351)`
`(87,180)`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`GYMNASTIC TRUST LTD.`**
## **`BALANCE SHEET 31 MARCH 2021`**
|`Notes`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS/(LIABILITIES)`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`11`
**`NET ASSETS/(LIABILITIES)`**
**`FUNDS`**
`13`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`2021`**
**`Unrestricted`**
**`fund`**
**`£`**
**`42,000`**
**`23,615`**
**`65,615`**
**`(77,161)`**
**`(11,546)`**
**`(11,546)`**
**`(20,000)`**
**`(31,546)`**
**`(31,546)`**
**`(31,546)`**|`2020`
`Total`
`funds`
`£`
`42,000`
`271`
`42,271`
`(129,451)`
`(87,180)`
`(87,180)`
`-`
`(87,180)`
`(87,180)`
`(87,180)`|
|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2021 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.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
20 December 2021 and were signed on its behalf by:
```
```
M J Murphy - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
GYMNASTIC TRUST LTD.
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
```
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March 2020.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2015).
```
```
Thefinancialstatementshavebeenpreparedonagoingconcernbasis.Thisassumesthat the
charitable company will continue for the foreseeable future.
```
```
Thevalidityofthisassumptiondependsonthecontinuedfinancialsupportofthetrustees and
creditors, as set out in note 10.
```
```
Ifthecompanywereunabletocontinue,adjustmentswouldhavetobemadetoreduce the
balancesheetvaluesofassetstotheirrecoverableamounts,toprovideforanyfurther liabilities
that may arise.
```
```
Thetrusteesbelievethatitisappropriateforthefinancialstatementstobepreparedonthe going
concern basis.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Plant and machinery- 25% on reducing balance
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
continued...
```
```
Page 7
```
```
GYMNASTIC TRUST LTD.
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. OTHER TRADING ACTIVITIES`**
|`Charitable trading`
`Grant income`|**`2021`**
**`£`**
**`85,773`**
**`40,285`**
**`126,058`**|`2020`
`£`
`199,309`
`-`|
|---|---|---|
|||`199,309`|
## **`3. RAISING FUNDS`**
## **`Raising donations and legacies`**
|**`Raising donations and legacies`**|||
|---|---|---|
||**`2021`**|`2020`|
||**`£`**|`£`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||**`2021`**|`2020`|
||**`£`**|`£`|
|`Accountants' remuneration`|**`805`**|`2,245`|
|`Bookkeeping`|**`2,808`**|`26,713`|
## **`4. NET INCOME/(EXPENDITURE)`**
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021nor for
the year ended 31 March 2020.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`2021`**|`2020`|
|---|---|---|
|`No employees other than trustee/director`|**`1`**|`1`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 8
```
```
GYMNASTIC TRUST LTD.
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||||`Unrestricted`|`Unrestricted`|
|---|---|---|---|---|
||||`fund`||
||||`£`||
||**`INCOME AND ENDOWMENTS FROM`**||||
||`Other trading activities`||`199,309`||
||**`EXPENDITURE ON`**||||
||`Raising funds`|||`-`|
||**`Charitable activities`**||||
||`Gymnastics`||`206,138`||
||**`Total`**||`206,138`||
||**`NET INCOME/(EXPENDITURE)`**||`(6,829)`||
||**`RECONCILIATION OF FUNDS`**||||
||**`Total funds brought forward`**||`(80,351)`||
||**`TOTAL FUNDS CARRIED FORWARD`**||`(87,180)`||
|**`8.`**|**`TANGIBLE FIXED ASSETS`**||||
||||`Plant and`||
||||`machinery`||
||||`£`||
||**`COST`**||||
||`At 1 April 2020 and 31 March 2021`||**`18,921`**||
||**`DEPRECIATION`**||||
||`At 1 April 2020 and 31 March 2021`||**`18,921`**||
||**`NET BOOK VALUE`**||||
||`At 31 March 2021`||**`-`**||
||`At 31 March 2020`||`-`||
|**`9.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
|||**`2021`**|`2020`||
|||**`£`**|`£`||
||`Other debtors`|**`42,000`**|`42,000`||
```
continued...
```
```
Page 9
```
```
GYMNASTIC TRUST LTD.
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`2021`**
**`£`**
`Other creditors`
**`22,522`**
`Other creditors - GymFun`
**`53,814`**
`Accrued expenses`
**`825`**
**`77,161`**
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
**`2021`**
**`£`**
`Bank loans (see note 12)`
**`20,000`**
**`12.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
**`2021`**
**`£`**
`Amounts falling between one and two years:`
`Bank loans - 1-2 years`
**`20,000`**
**`13.`**
**`MOVEMENT IN FUNDS`**
`Net`
`movement`
`At 1.4.20`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
**`(87,180)`**
**`55,634`**
**`TOTAL FUNDS`**
**`(87,180)`**
**`55,634`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
**`126,058`**
**`(70,424)`**
**`TOTAL FUNDS`**
**`126,058`**
**`(70,424)`**||`2020`
`£`
`22,523`
`105,955`
`973`
`129,451`
`2020`
`£`
`-`
`2020`
`£`
`-`
`At`
`31.3.21`
`£`
**`(31,546)`**
**`(31,546)`**
`Movement`
`in funds`
`£`
**`55,634`**
**`55,634`**|
|---|---|---|
||||
```
continued...
```
```
Page 10
```
```
GYMNASTIC TRUST LTD.
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`13. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.19`
`in funds`
`£`
`£`
`(80,351)`
`(6,829)`
`(80,351)`
`(6,829)`|`At`
`31.3.20`
`£`
`(87,180)`
`(87,180)`|
|---|---|---|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`199,309`
`199,309`|`Resources`
`expended`
`£`
`(206,138)`
`(206,138)`|`Movement`
`in funds`
`£`
`(6,829)`
`(6,829)`|
|---|---|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.19`
`in funds`
`£`
`£`
`(80,351)`
`48,805`
`(80,351)`
`48,805`|`At`
`31.3.21`
`£`
`(31,546)`
`(31,546)`|
|---|---|---|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`325,367`
`325,367`|`Resources`
`expended`
`£`
`(276,562)`
`(276,562)`|`Movement`
`in funds`
`£`
`48,805`
`48,805`|
|---|---|---|---|
```
continued...
```
```
Page 11
```
```
GYMNASTIC TRUST LTD.
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`14. RELATED PARTY DISCLOSURES`**
```
Asat31March2021theTrusteeshaveadvancedasumof£22,523tofacilitatethe continued
operationoftheCharity.Also,includedinOtherCreditorsisaloanof£53,814(2020- £109,455)
fromGymfunLtd,acompanyinwhichtheTrusteeisashareholderandadirector. GymFun
providesbankingfacilitiestoGymnastictrust,thissumisnon-interestbearingandrepayable on
demand - as resources permit.
```
```
Page 12
```
```
GYMNASTIC TRUST LTD.
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`**
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Other trading activities`**|||
|`Charitable trading`|**`85,773`**|`199,309`|
|`Grant income`|**`40,285`**|`-`|
||**`126,058`**|`199,309`|
|**`Total incoming resources`**|**`126,058`**|`199,309`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Gym coaches`|**`36,723`**|`73,401`|
|`Travelling`|**`1,373`**|`5,946`|
||**`38,096`**|`79,347`|
|**`Support costs`**|||
|**`Administration costs`**|||
|`Management costs`|**`-`**|`18,950`|
|`Telephone`|**`1,146`**|`1,125`|
|`Advertising`|**`5,010`**|`5,179`|
|`Sundries`|**`2,564`**|`3,280`|
|`Bank charges`|**`871`**|`1,900`|
||**`9,591`**|`30,434`|
|**`Premises costs`**|||
|`Insurance`|**`-`**|`4,414`|
|`Light and heat`|**`2,385`**|`6,389`|
|`Rent`|**`11,153`**|`47,000`|
|`Repairs`|**`5,586`**|`8,342`|
||**`19,124`**|`66,145`|
|**`Governance costs`**|||
|`Accountants' remuneration`|**`805`**|`2,245`|
|`Bookkeeping`|**`2,808`**|`26,713`|
|`Legal fees`|**`-`**|`1,254`|
||**`3,613`**|`30,212`|
|`Total resources expended`|**`70,424`**|`206,138`|
|**`Net income/(expenditure)`**|**`55,634`**|`(6,829)`|
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