Registered Charity No: 1077457 Registered Company No: 03762641 (England and Wales)
REPORT AND ACCOUNTS
for the year ended 31st March, 2025
for
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
INDEX TO THE FINANCIAL STATEMENTS
for the year ended 31st March, 2025
| Page | |
|---|---|
| Legal and Administrative Information | 2 |
| Report of the Trustees | 3-4 |
| Accountant's Report to the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes Forming Part of the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 and 15 |
| (including an Income and Expenditure Account) |
Page 1
Honicknowle Commnet Limited (A Company Limited by Guarantee)
Legal and Administrative Information
Charity Number 1077457
Company Registration Number 3762641
Secretary: Josephine Bussell
Directors/Trustees: Angela Carthy Chair Alison Richardson Vice-Chair Josephine Bussell Secretary Mark Parlett Treasurer David Walton – appointed 01/08/2024 Co-opted/Community Representatives PCSO Kate Stanley Councillor Zoe Reilly Hannah Edwards
Registered Office: 64 Little Dock Lane Honicknowle Plymouth PL5 2LZ
Accountants: St. Kew Accountancy Ltd. Woodlands Rosehill Penzance Cornwall TR20 8TE
Bankers: Barclays Bank PLC 50 Cornwall Street Plymouth PL1 1LU
Page 2
Honicknowle Commnet Limited
REPORT OF THE TRUSTEES (incorporating the directors' report)
for the year ended 31st March, 2025
The trustees present their annual report along with the financial statements for the year ended 31st March, 2025. The trustees, who are also directors for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Memorandum and Articles of Association incorporated 29th April 1999 as amended by special resolutions dated 23rd August 1999, 26th June 2000 and 8th April 2006.
Recruitment and Training of Trustees
The members shall carry out the election of the officers and committee members at the Annual General Meeting. Nominations shall be made in writing and delivered to the secretary. Each nomination must be proposed and seconded by a voting member of the Association and accompanied by the written consent of the nominee.
New Trustees are inducted into the workings of the Charity during meetings held on a monthly basis.
Organisational Management
Overall responsibility for the management of the Charity is vested in the Trustees. The management of the association shall be invested in a committee consisting of members as described on page 1.
RISK MANAGEMENT
The trustees are responsible for the management of the risks faced by the Charity. Therefore, the trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established that monitor and control these risks to lessen/avoid the possible impact these could have in the future.
The key controls used by the Charity include:
a) Formal agendas for all committee and Board meetings
b) Comprehensive strategic planning, budgeting and management accounting
c) Established organisational structure and lines of reporting
d) Clear authorisation and approval levels
The Trustees recognise, however, that these systems can only provide reasonable, not absolute assurance that major risks have been adequately managed.
Reserves Policy
Honicknowle Commnet Ltd is currently dependent on successful funding bids to sustain its charitable activities, as earned income alone would not allow the charity to continue operating. This means that if there were to be a gap in the charity’s funding sources it is likely that the charity would have to close down.
To avoid closure if funding difficulties were to happen the Board of Honicknowle Commnet Ltd has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of 3 months.
The main concerns of the Board are to ensure:
That staff can continue working, primarily to secure new funding, That members/service users are supported to move on to other services.
It is thought that reserves of £18,000 would be needed to continue running for at least three months.
These reserves have been built up from unrestricted income. The level of reserves will be reviewed every six months and the policy reviewed annually.
OBJECTIVES AND ACTIVITIES
The objectives of the charity in the year under review were:
a) The relief of persons resident in the City of Plymouth with a particular regard to Honicknowle and the surrounding areas who are in condition of need, hardship and distress.
b) The advancement of education (including pre-school) of persons resident in Honicknowle and the surrounding areas.
c) Providing or assisting in the provision of facilities for recreation and other leisure time occupation for the inhabitants of Honicknowle and the surrounding areas in the interest of social welfare with the objects of improving conditions of life for the said inhabitants. d) Any charitable purpose for the general benefit of the inhabitants of Honicknowle and the surrounding areas.
Page 3
Honicknowle Commnet Limited
REPORT OF THE TRUSTEES (incorporating the directors' report)
for the year ended 31st March, 2025
ACHIEVEMENTS AND PERFORMANCE
Honicknowle Commnet Ltd is now approaching its 26th year of working in and closely with the local community. Our success has been built on our passion and commitment for making sure that all services we offer are community led with a focus on delivering services which provide opportunities for both social and personal development for all service users. We use a wide variety of delivery methods including one- one support, group work, consultation and peer research. All of our provision is identified by local people, therefore it is service user led. This enables us to channel resources to meet those needs in the most appropriate way. Our focus has been based on delivering projects and supporting local people alongside fundraising to ensure that we can continue to provide this very much needed service.
Our Youth Work provision for young people aged between 10- 25 years is delivered in line with Plymouth City Council’s Youth Service Curriculum Framework, in Every Childs Matters Outcomes and the Hear by Right Standards.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The directors are responsible for preparing the Annual Report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:
-select suitable accounting policies and then apply them consistently;
- -make judgements and estimates that are reasonable and prudent;
-prepare the accounts on the going concern basis, unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the small companies regime of the Companies Act 2006.
a) For the period ended 31/03/25 the company was entitled to exemption under section 477 of the Companies Act 2006.
b) The Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
Signed by order of the directors:
……………………………………. Signed Director ……………………………………. Print Name
Dated:…………………………….
Page 4
REPORT OF THE EXTERNAL EXAMINER TO THE DIRECTORS OF
Honicknowle Commnet Limited
ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2025
Respective responsibilities of directors and the external examiner
As described on page 3, the company's directors are responsible for the preparation of financial statements. It is my responsibility to state whether, as a result of my examination procedures, particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general directions given by the Companies Act 2006. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records . It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors, concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with the Companies Act 2006 and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met: or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding on the accounts to be reached.
Signed:…………………………
M. Vickery St. Kew Accountancy Ltd.
Date: 7th August, 2025
Page 5
Honicknowle Commnet Limited
Statement of Financial Activities (including an Income and Expenditure Account)
(A Company Limited by Guarantee)
for the year ended 31st March, 2025
| Notes Incoming Resources Incoming resources from generating funds: Activities to generate funds Investment Income Incoming resources from charitable activities 4 Other incoming resources 5 Total Incoming Resources Resources Expended Charitable Activities 6 Governance Costs 7 Total Resources Expended Net Incoming Resources: Net movement in Funds Total Funds at 1st April 2024 Internal Transfer of Funds Total Funds at 31st March 2025 |
Unrestricted Funds £ - 1,497 1,424 - 2,921 3,683 - 3,683 -762 31,133 30,371 |
Designated Funds £ - - - - - 4,246 - 4,246 -4,246 188,638 184,392 |
Restricted Funds £ - - 80,523 - 80,523 87,737 622 88,360 -7,836 43,174 - 35,338 |
Total Funds 2025 £ - 1,497 81,948 - 83,445 95,666 622 96,288 -12,844 262,945 - 250,101 |
Total Funds 2024 £ - 1,270 96,810 - |
|---|---|---|---|---|---|
| 98,080 | |||||
| 108,882 597 |
|||||
| 109,479 | |||||
| -11,399 274,344 - |
|||||
| 262,945 |
Page 6
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
BALANCE SHEET AS AT 31ST MARCH, 2025
| Notes £ £ 31/03/25 FIXED ASSETS Tangible Assets 12 166,392 CURRENT ASSETS Debtors & Prepayments 13 1,121 Cash at Bank & in Hand 3 114,975 116,096 CREDITORS: Amounts falling due within one year 14 32,385 NET CURRENT ASSETS 83,711 TOTAL ASSETS LESS CURRENT LIABILITIES 250,101 NET ASSETS 250,101 CAPITAL AND RESERVES Restricted Funds 16 35,338 Reserves 16 18,000 Designated Funds 16 166,392 Unrestricted Funds 16 30,371 Profit and Loss Account 250,101 For the year ended 31/03/25 the company was entitled to exemption under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to acounting records and for the preparation of accounts. The accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. |
£ £ 31/03/24 170,638 623 122,478 123,101 30,792 92,309 262,945 262,945 43,174 18,000 170,638 31,133 262,945 |
£ £ 31/03/24 170,638 623 122,478 123,101 30,792 92,309 262,945 262,945 43,174 18,000 170,638 31,133 262,945 |
|---|---|---|
| 262,945 | ||
ON BEHALF OF THE BOARD:
| Director | Director | |
|---|---|---|
| Print Name | Print Name | |
| Approved by the Board on: | :-Date | :-Date |
Page 7
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2025
1. ACCOUNTING POLICIES:
Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
Basis of Accounting
The financial statements have been prepared under the historical cost convention and on an Accruals basis, in accordance with the Financial Reporting Standard for Smaller Entities (effective April, 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March, 2005 (SORP 2005) and the Companies Act 2006.
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Grants, including grants for the purpose of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
Resources Expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which can not be recovered.
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 and those of an indirect nature necessary to support them.
Unrestricted Funds
Unrestricted funds are donations or other general income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Designated Funds
Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
Restricted Funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
Tangible Fixed Assets
Tangible Fixed Assets are stated at cost less accumulated depreciation.
For valuation purposes, depreciation is calculated at the following annual rates, in order to write off each asset over its estimated useful life:
Fixtures, Fittings and Equipment:25% over four years on a straight line basis. Property:2% on a reducing balance.
Reserves and Designated Funds
To avoid closure, if funding difficulties were to happen, the Board of Honicknowle Commnet Ltd. has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of 3 months.
The main concerns of the Board are to ensure:
Currently funding has been secured but, if difficulties were to arise, then it has been calculated that reserves of £18,000 would be needed to continue running for at least 3 months. These reserves have been built up from unrestricted income.
The level of reserves will be reviewed every 6 months and the policy reviewed annually.
The capital asset valuation of the premises used reflects the purchase price less any accumulated depreciation. It does not represent any bank funds physically held.
Page 8
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2025
2. DONATIONS
| 2. DONATIONS | ||
|---|---|---|
| Unrestricted Restricted £ £ General donations 1,424 - 1,424 - 3. CURRENT ASSETS: Cash and Bank Barclays - Business Premium Account (120) Barclays - Community Account Barclays - Business Premium Account (326) Petty Cash |
Unrestricted Restricted £ £ 1,424 - |
31/03/2025 31/03/2024 Total Total £ £ 1,424 203 |
| 1,424 - |
1,424 203 |
|
| 31/03/2025 31/03/2024 £ £ 100,292 103,460 14,348 14,583 - 4,435 335 248 |
||
| 114,975 122,727 |
4. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS
| Fees Grants: Children In Need PCC Local Councillor Peoples Health Trust Big Lottery - Million Hours Big Lottery - Reaching Communities Plymouth Octopus Project (accrued to 23/24) Donations 5. OTHER INCOMING RESOURCES Room Hire Interest Sundry |
Unrestricted Restricted 31/03/2025 31/03/2024 Funds Funds Total Total £ £ £ £ - - - - - 33,046 33,046 17,361 - 1,000 1,000 - - 8,988 8,988 15,578 - 22,778 22,778 58,568 - 14,711 14,711 - - - - 5,000 1,424 - 1,424 203 |
|---|---|
| 1,424 80,523 81,948 96,710 |
|
| Unrestricted Restricted 31/03/2025 31/03/2024 Funds Funds Total Total £ £ £ £ 765 - 765 - 1,497 - 1,497 1,270 - - - 101 |
|
| 2,262 - 2,262 101 |
Page 9
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2025
6. COSTS OF CHARITABLE ACTIVITIES
| Charitable Activities | Unrestricted Designated Restricted 31/03/2025 31/03/2024 Fund Fund Fund Total Total £ £ £ £ £ 3,683 4,246 87,737 95,666 108,882 |
|---|---|
| 3,683 4,246 87,737 95,666 108,882 |
7. GOVERNANCE EXPENDITURE
| **Unrestricted ** | Designated | Restricted | 31/03/2025 | 31/03/2024 |
|---|---|---|---|---|
| Fund | Fund | Fund | Total | Total |
| £ | £ | £ | £ | £ |
| 622 | - | - | 622 | 597 |
| 622 | - | - | 622 | 597 |
8. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR
| This is stated after charging: Accountants' Remuneration Depreciation |
Unrestricted Designated Restricted 31/03/2025 31/03/2024 Fund Fund Fund Total Total £ £ £ £ £ 622 - - 622 597 - - 4,246 4,246 4,246 |
|---|---|
| 622 - 4,246 4,868 4,843 |
9. STAFF COSTS AND NUMBERS
| Staff costs were as follows: Salaries and wages Tax and NI Pensions |
31/03/2025 31/03/2024 £ £ 54,838 69,654 4,502 9,164 1,600 2,556 |
|---|---|
| 59,340 78,818 |
No employee received emoluments of more than £60,000 (2024 none).
Page 10
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2025
The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows:
| Full Time Part Time (5 in total) FTE Equivalent |
31/03/2025 31/03/2024 No No None 2 2 3 |
|---|---|
| 2 7 |
10. TAXATION
The charity's activities should fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts and we have applied for dormancy.
11.TRANSACTIONS WITH THE TRUSTEES
During the year the company did not reimburse trustees' expenditure.
12. TANGIBLE FIXED ASSETS
| Brought Forward Additions Fully Depreciated As at 31st March, 2025 Depreciation Brought Forward Charge for the period Fully Depreciated As at 31st March, 2025 Net Book Value: As at 31st March, 2025 Net Book Value: As at 1st April, 2024 |
Land & Fixtures, Buildings Fittings & Total Equipment £ £ £ 212,306 - 212,306 - - - - - - |
|---|---|
| 212,306 - 212,306 |
|
| 41,668 - 41,668 4,246 - 4,246 - - - |
|
| 45,914 - 45,914 |
|
| 166,392 - 166,392 |
|
| 170,638 - 170,638 |
13. DEBTORS: Amounts falling due within one year
| Trade Debtors Prepayments |
31/03/2025 31/03/2024 £ £ 405 - 716 623 |
|---|---|
| 1,121 623 |
Page 11
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2025
14. CREDITORS: Amounts falling due within one year:
| 31/03/2025 | 31/03/2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Trade Creditors | 1,992 | 1,594 | |||
| Grant Accruals: | Big Lottery - Million Hours | 20,438 | 13,548 | ||
| Children in Need | 9,955 | 15,650 | |||
| 32,385 | 30,792 | ||||
| 15. ANALYSIS OF NET ASSETS | BETWEEN FUNDS | ||||
| Unrestricted Designated | Restricted | Reserves | Total | ||
| Funds | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | £ | |
| Tangible fixed assets | - | 166,392 | - | - | 166,392 |
| Current assets | 71,376 | 18,000 | 26,720 | 116,096 | |
| Current liabilities | 32,385 | - | - | - | 32,385 |
| Net assets as at 31st March, 2025 | 38,989 | 184,392 | 26,720 | - | 250,101 |
16. MOVEMENTS IN FUNDS
| Restricted Funds Grants: Children In Need Big Lottery - Million Hours Big Lottery - Reaching Communities Peoples Health Trust PCC Counsellors' Fund Lloyds Bank TOTALS Designated Funds Closure and Redundancy Costs Capital Asset (Building) Unrestricted funds: Unrestricted Funds Total Unrestricted Funds Total Funds |
Incoming Outgoing 01/04/24 Resources Resources Transfers 31/3/25 £ £ £ £ £ - 33,046 33,046 - - 15,924 22,778 38,702 - - - 14,711 6,093 - 8,618 - 8,988 8,283 - 705 - 1,000 235 - 765 27,250 - 2,000 - 25,250 |
|---|---|
| 43,174 80,523 88,359 - 35,338 |
|
| 18,000 - - - 18,000 170,638 - 4,246 - 166,392 |
|
| 188,638 - 4,246 - 184,392 |
|
| 31,133 2,921 3,683 - 30,371 |
|
| 31,133 2,921 3,683 - 30,371 |
|
| 262,945 83,445 96,288 - 250,101 |
Page 12
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2025
17. CAPITAL COMMITMENTS
The charity has no capital commitments as at 31st March 2025 or 31st March 2024.
18. COMPANY LIMITED BY GUARANTEE
Honicknowle Commnet Ltd. Is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required, not exceeding £1, to the assets of the charitable company in the event of its being wound up whilst he or she is a member, or within one year after they cease to be a member.
19. PURPOSES OF RESTRICTED FUNDS
Grants: -
| Big Lottery, Reaching Communities | This project aims to develop stronger links with different organisations |
|---|---|
| Fund “Horizon” | specific to local needs and to broaden the reach of the TYLA project. |
| Four year project commencing 02 January 2025. | |
| Big Lottery, Million Hours Fund "TYLA"This project aims to support the local community, including the provision of a | |
| weekly foodbank and the development of a community garden. | |
| Children In Need (The Fusion Project) | To fund working with young people aged 13 – 16 years who are at risk of, or |
| involved in, sexual exploitation or criminal exploitation and anti-social behaviour. | |
| Lloyds Bank | General undesignated funding to support any activities or costs that further the |
| charitable purpose. | |
| Local Councillors Grant. | Funding towards the Community Garden project. |
| and support. | |
| People's Health Trust | Funding a delivery program aimed at supporting parent of children with autism. |
These notes form part of the financial statements
Page 13
The following pages do not form part of the statutory accounts.
Honicknowle Commnet Limited
Statement of Financial Activities (including an Income and Expenditure Account)
(A Company Limited by Guarantee)
for the year ended 31st March, 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Incoming Resources | ||||
| Incoming resources from generating funds: | ||||
| Activities for Generating Funds: | ||||
| Fees | - | - | ||
| - | - | |||
| Investment Income | ||||
| Bank Interest Receivable | 1,497 | 1,270 | ||
| 1,497 | 1,270 | |||
| Total Incoming resources from generating funds: | 1,497 | 1,270 | ||
| Incoming resources from charitable activities | ||||
| Grant Funding | ||||
| Big Lottery Million Hours | 22,778 | 58,568 | ||
| Big Lottery Reaching Communities | 14,711 | 0 | ||
| Children In Need | 33,046 | 17,361 | ||
| Peoples Health Trust | 8,988 | 15,578 | ||
| PCC Counsellors' Fund | 1,000 | - | ||
| POP | - | 5,000 | ||
| 80,523 | 96,507 | |||
| Other incoming resources | ||||
| Donations | 1,424 | 203 | ||
| Miscellaneous | - | 101 | ||
| 1,424 | 304 | |||
| Total Incoming Resources | 83,445 | 98,080 |
Page 14
Honicknowle Commnet Limited
Statement of Financial Activities (including an Income and Expenditure Account)
(A Company Limited by Guarantee)
for the year ended 31st March, 2025
| Resources Expended | ||||
|---|---|---|---|---|
| Costs of Generating Funds: | 2025 | 2024 | ||
| £ | £ | £ | £ | |
| Charitable Activities | ||||
| Wages and Salaries | 54,838 | 69,654 | ||
| Tax and NI | 4,502 | 9,164 | ||
| Pension | 1,600 | 2,556 | ||
| Staff Travel | - | 41 | ||
| Training | 84 | - | ||
| Activities and Trips | 2,777 | 1,862 | ||
| Materials | 844 | 3,061 | ||
| Transport | 227 | 987 | ||
| Catering | 432 | 707 | ||
| Office Costs | 924 | 809 | ||
| Utilities/Rates | 6,349 | 6,859 | ||
| Telephone and Internet | 1,199 | 486 | ||
| Memberships & Subscriptions | 2,168 | 595 | ||
| Insurance | 2,055 | 1,736 | ||
| Security | - | 343 | ||
| Health/Cleaning | 183 | 218 | ||
| Repairs and Maintenance | 11,757 | 5,497 | ||
| Consultancy | 900 | - | ||
| Donations | 500 | - | ||
| Sundry | 45 | 60 | ||
| Depreciation | 4,246 | 4,246 | ||
| Charitable Activities Total Expenditure | 95,632 | 108,882 | ||
| Governance Costs | ||||
| Independent Examination | 656 | 597 | ||
| Total Governance Costs | 656 | 597 | ||
| Total Resources Expended | 96,288 | 109,479 | ||
| Net Outgoing Resources for the Year: | -12,844 | -11,400 |
Page 15