FOUNDATION OF ST. BENEDICT OF NURSIA
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
REGISTERED CHARITY No. 1077627
FOUNDATION OF ST. BENEDICT OF NURSIA
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020
CONTENTS
| Page | |
|---|---|
| REPORT OF THE TRUSTEES | 1-3 |
| REPORT OF THE INDEPENDENT EXAMINER | 4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| BALANCE SHEET | 6 |
| NOTES TO THE FINANCIAL STATEMENTS | 7-11 |
FOUNDATION OF ST. BENEDICT OF NURSIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
The Trustees are pleased to present their annual trustees' report together with the financial statements of the charity for the year ended 30 June 2020.
Reference and Administration Details
Full name: Foundation of St. Benedict of Nursia
Registered Charity number: 1077627
Principal address: BDB Pitmans LLP One Bartholomew Close London EC1A 7BL
Trustees:
Mr X J de la Rochefoucauld (Chairman) Mr S P Weil Mr S de la Rochefoucauld Mr A C C de la Rochefoucauld
Officer:
Mrs H D’Monte (secretary to the trustees)
Solicitors:
BDB Pitmans LLP, One Bartholomew Close, London, EC1A 7BL
Independent Examiner:
Julia Strike TEP BDB Pitmans LLP One Bartholomew Close London EC1A 7BL
Structure Governance and Management
Governing document
Deed dated 30 June 1999 established the Charity. Trustees are appointed by resolution of the Trustees in accordance with the terms of the 30 June 1999 deed. There should be a minimum of 3 trustees. It would be the responsibility of the senior trustee to induct any new trustee and explain his responsibilities and duties, whilst providing copies of the Charity instrument, past accounts and guidance booklets provided by the Charity Commission. No special skills are required as the Charity does not deliver services.
Objectives and Activities
The Charity was established as a charity in 1999 with the specific charitable object of the advancement of the Roman Catholic faith throughout the world, including in particular, the promotion of the Benedictine Order and has applied the Charity Fund and the income derived from it accordingly.
Page 3
FOUNDATION OF ST. BENEDICT OF NURSIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
Objectives and Activities (continued)
At a meeting held on 4 June 2004, the Trustees resolved to establish a restricted fund within the Foundation with the relevant moneys only being used to support the maintenance and improvement of the monastery at Palendriai in Lithuania.
In general terms, the Trustees continue to consider the position at their half yearly meetings and donations are made as they deem appropriate. The Charity is invested with a view to the Charity being able to continue its grant making activities for the future. Rathbones have been appointed as investment advisors to the Trustees.
The Foundation continued its mission by making substantial gifts throughout the year to various foundations. Total Donations amounted of £75,434.16 for fiscal year 2020 (2019: £173,005.29).
The Funds received from The St Benedict of Nursia Foundation (USA) are held under the strict terms of The Expenditure Responsibility Grant Agreements (ERGA’s). The Trustees have created a separate ‘Contingency’ Fund and transferred £468,947.19 last year to allow ease of reporting on their use and to ensure funds are utilised in accordance with the agreements.
Grant Making Policy
The trustees made grants to Benedictine institutions to further enable them to promote the Catholic faith and support the Benedictine Order.
Full details of grants made during the year are given in note 5 to the accounts.
Risk Management
The Trustees have considered the main areas of risk and are of the opinion that the Charity has the resources and systems that, under normal conditions, will allow these risks to be mitigated to an acceptable level in its day-to-day operations.
Financial Review and Reserves Policy
The Trustees do not seek to raise money from the general public since funding is obtained from private donations. Rathbones have been appointed to manage the accounts and these are split as to a Discretionary Fund, managed under a discretionary agreement with Rathbones, a Contingency Fund containing the funds received under the ERGA’s mentioned above and managed by Rathbones under a discretionary mandate and finally a non-discretionary portfolio managed by Rathbones on execution only basis. The Trustees aim to transfer all of the funds to Discretionary management with Rathbones, when market conditions are right. The fund is made up of cash and investments. The trustees review their investments and investment policy at each meeting. The Charity Deed confers on the Trustees very wide powers of investment.
The Charity Fund was held in cash and investments (sterling, euros, Australian dollars, Swiss Francs and US dollars). One donation was received in the year (2019 - two donations), as detailed in note 2 on page 10 of these accounts with further details of these funds and how they are held given above in ‘Objectives and Activities’.
Income arising during the year amounted to £51,496.48 (2019: £36,689). The Trustees normally aim to spend the income arising in any one year with any surplus being carried forward to the next year.
Page 2
FOUNDATION OF ST. BENEDICT OF NURSIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
Financial Review and Reserves Policy (continued)
Costs of management and administration of the Charity amounted to £31,405.43, (2019: £16,899) a increase on the previous year’s figures. These costs include the legal fees of BDB Pitmans LLP who carry out the administration of the fund which amounted to £29,924.40 (2019: £15,526). The Trustees have reviewed the costs and agreed a set fee, based on the value of funds held at each usual quarter day. The independent examination costs are £1,200 (2019: £1,200).
Public Benefit
The Trustees have referred to the guidance contained in the Charity Commission’ s general guidance on public benefit, and in particular the guidance on charities for the advancement of religion, when reviewing the Charity’s aims and objectives and in planning future activities and deciding on the grants for the year. The Objectives and Activities section of the report provides a brief summary of activities undertaken.
Responsibilities of the Trustees
Law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements and;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They 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.
Signed on behalf of the trustees:
Date: 18/11/2020
Page 3
FOUNDATION OF ST. BENEDICT OF NURSIA
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES IN RESPECT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
I report to the trustees on my examination of the accounts of the Foundationof St. Benedict of Nursia for the year ended 30 June 2020 which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust'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.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of the 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Julia Strike TEP BDB Pitmans LLP One Bartholomew Close London EC1A 7BL
Date: 18/11/2020
Page 4
FOUNDATION OF ST. BENEDICT OF NURSIA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2020
| Unrestricted Main Fund Notes £ INCOME AND EXPENDITURE Income and Endowments from Donations received 2 - Investment income 3 44,097.22 Total Incoming 44,097.22 EXPENDITURE ON Fundraising costs 4 26,476.65 Charitable Activities Grants 5 75,434.16 Support costs 6 29,923.40 Total Expenditure 131,834.21 NET INCOME/EXPENDITURE (87,737.00) Other recognised gains/losses Exchange rate gain 25,927.95 Investment gains 295,086.09 Net Movement in Funds 233,277.04 Reconciliation of Funds Fund Balances brought forward 4,428,920.33 TOTAL FUNDS CARRIED FORWARD AT 30 JUNE 2020 4,662,197.37 £ |
Unrestricted Palendriai Fund £ - 6,669.07 6,669.07 4,169.76 - 1,482.00 5,651.76 1,017.31 5,239.73 36,785.07 43,042.11 715,069.70 758,111.81 £ |
Restricted Contingency Fund £ 123,778.67 730.20 124,508.87 3,311.02 - - 3,311.02 121,197.85 2,055.12 29,354.09 152,607.06 483,233.75 635,840.81 £ |
Total 2020 £ 123,778.67 51,496.48 |
Total 2019 £ - 38,690 |
|---|---|---|---|---|
| 175,275.15 | 38,690 | |||
| 33,957.43 75,434.16 31,405.40 |
32,603 173,005 16,900 |
|||
| 140,796.99 | 222,508 | |||
| 34,478.16 33,222.80 361,225.25 |
(183,818) 88,323 107,151 |
|||
| 428,926.21 5,627,223.78 |
11,656 5,615,568 |
|||
| 6,056,149.99 £ |
£ 5,615,568 |
The notes on pages 7 to 10 form part of the financial statements.
Page 5
FOUNDATION OF ST. BENEDICT OF NURSIA
BALANCE SHEET AS AT 30 JUNE 2020
| Unrestricted Main Fund Notes £ Fixed Assets Investments 9 3,594,891.99 Current Assets Cash 10 1,100,874.50 Debtors Donations due 11 - Total current assets 1,100,874.50 Less: Creditors Amounts falling due within one year Accruals 12 33,569.12 33,569.12 Total Net Assets 4,662,197.37 £ Represented by: Unrestricted Main Fund 4,662,197.37 Unrestricted Palendriai Fund - Restricted Contingency Fund - Total Funds 4,662,197.37 £ |
Unrestricted Main Fund Notes £ Fixed Assets Investments 9 3,594,891.99 Current Assets Cash 10 1,100,874.50 Debtors Donations due 11 - Total current assets 1,100,874.50 Less: Creditors Amounts falling due within one year Accruals 12 33,569.12 33,569.12 Total Net Assets 4,662,197.37 £ Represented by: Unrestricted Main Fund 4,662,197.37 Unrestricted Palendriai Fund - Restricted Contingency Fund - Total Funds 4,662,197.37 £ |
Unrestricted Palendriai Fund £ 538,352.99 224,244.73 - |
Restricted Contingency Fund £ 614,816.00 21,024.81 - |
Total 2020 £ 4,748,060.98 1,346,144.05 - |
Total 2019 £ 3,091,959 2,592,809 2,700 |
|---|---|---|---|---|---|
| 224,244.73 4,485.91 |
21,024.81 - |
1,346,144.05 38,055.03 |
2,595,509 60,244 |
||
| 33,569.12 | 4,485.91 | - | 38,055.03 | 60,244 | |
| 4,662,197.37 £ |
758,111.81 £ |
635,840.81 £ |
6,056,149.99 £ |
5,627,224 £ |
|
| 4,662,197.37 - - |
- 758,111.81 - |
- - 635,840.81 |
4,662,197.37 758,111.81 635,840.81 |
4,428,920 715,070 483,234 |
|
| 4,662,197.37 £ |
758,111.81 £ |
635,840.81 £ |
6,056,149.99 £ |
5,627,224 £ |
The notes on pages 7 to 10 form part of the financial statements.
Approved and signed on behalf of the trustees by:
……………………………………………..
18/11/2020 Date: …………………………...
Page 6
FOUNDATION OF ST. BENEDICT OF NURSIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, with the exception that investments are shown at market value as at the balance sheet date and are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. Having assessed the Charity's financial position and plans for the forseeable future, the Trustees are satisfied that it remains appropriate to prepare the financial statements on a going concern basis. Where necessary estimates and judgements are based on historical experience and other factors.
Going Concern
These financial statements are prepared on the going concern basis. The Trustees have reasonable expectation that the Charity will continue in operational existence for the foreseeable future and have considered the impact of COVID-19 on its operations.
Incoming Resources
Voluntary income and investment income are accounted on a receivable basis.
Resources Expended
Expenditure is accounted for on an accruals basis. Donations are recorded when the trustees have made the decision to pay them, unless the donations are subject to conditions being fulfilled. All administration costs are now charitable expenditure.
Fund Accounting
Unrestricted funds are those which are used for the general advancement of the Charity's objectives. Expendable endowments are capital funds which may be spent at the trustees' discretion.
Foreign Currencies
Transactions denominated in foreign currencies are now converted into sterling using the average exchange rate for the period covered by these accounts. Balances held at the year end are converted into sterling at the rate on that day. If currencies are exchanged, the actual values, as converted, are used. In view of the fluctuations over the year covered by the accounts exchange rate adjustments were made to the year end currency account balances to make them agree with their sterling equivalent.
| 2. Donations received St. Benedict of Nursia Foundation (USA) |
Unrestricted Main Fund £ - |
Unrestricted Palendriai Fund £ - - £ |
Restricted Contingency Fund £ 123,778.67 123,778.67 £ |
Total 2020 £ 123,778.67 123,778.67 £ |
Total 2019 £ - |
|---|---|---|---|---|---|
| - £ |
- £ |
Page 7
FOUNDATION OF ST. BENEDICT OF NURSIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
| 3. Investment income Unrestricted Main Fund £ Rathbones Investment Management 43,053.26 Interest 1,043.96 44,097.22 £ 4. Fundraising costs Unrestricted Main Fund £ Rathbones Investment Management 26,476.65 26,476.65 £ 5. Charitable Expenditure Unrestricted Main Fund £ Carmelites in Kerala 8,773.86 Missions Etrangeres (Hong Kong) - Church of Our Lady (Help of Christians) 10,000.00 Quarr Abbey 13,000.00 Friends of Solesmes 23,112.58 Our Lady of Good Help Foundation - Aid to the Church in Need 8,773.86 Church in Syria - Our Lady of Walsingham 3,000.00 Grand Seminaire De Boma 8,773.86 75,434.16 £ 6. Support Costs Unrestricted Main Fund £ BDB Pitmans LLP - Adminstration fee 25,892.40 Independent Examination fee 1,050.00 Adjustment to historic audit fees 2,700.00 Bank charges 281.00 29,923.40 £ |
Unrestricted Main Fund £ 43,053.26 1,043.96 |
Unrestricted Palendriai Fund £ 6,661.74 7.33 |
Restricted Contingency Fund £ 730.20 - 730.20 £ Restricted Contingency Fund £ 3,311.02 3,311.02 £ Restricted Contingency Fund £ - - - - - - - - - - - £ Restricted Contingency Fund £ - - - - - £ |
Total 2020 £ 50,445.19 1,051.29 |
Total 2019 £ 27,838 10,852 |
|---|---|---|---|---|---|
| 44,097.22 £ |
6,669.07 £ |
51,496.48 £ |
38,690 £ |
||
| Unrestricted Main Fund £ 26,476.65 |
Unrestricted Palendriai Fund £ 4,169.76 |
Total 2020 £ 33,957.43 |
Total 2019 £ 32,603 |
||
| 26,476.65 £ |
4,169.76 £ |
33,957.43 £ |
32,603 £ |
||
| Unrestricted Palendriai Fund £ - - - - - - - - - - |
Total 2020 £ 8,773.86 - 10,000.00 13,000.00 23,112.58 - 8,773.86 - 3,000.00 8,773.86 |
Total 2019 £ 13,422 8,819 10,000 10,000 27,334 88,238 8,929 6,264 - - |
|||
| 75,434.16 £ |
- £ |
75,434.16 £ |
173,005 £ |
||
| Unrestricted Main Fund £ 25,892.40 1,050.00 2,700.00 281.00 |
Unrestricted Palendriai Fund £ 4,032.00 150.00 (2,700.00) - |
Total 2020 £ 29,924.40 1,200.00 - 281.00 |
Total 2019 £ 15,526 1,200 - 174 |
||
| 29,923.40 £ |
1,482.00 £ |
31,405.40 £ |
16,900 £ |
Page 8
FOUNDATION OF ST. BENEDICT OF NURSIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
7. Trustees' Remuneration and Expenses
No remuneration was paid during the year (2019: Nil). No expenses were paid to the Trustees during the year (2019: Nil).
8. Transactions with Related Parties
During the year £29,924.40 (2019: £15,526) was paid to BDB Pitmans LLP for administration fees, of which Simon Weil (Trustee) is a partner of the firm.
| 9. Investments Balance 1 July 2019 £ Main Fund 2,452,407.00 Palendriai Fund 359,545.00 Contingency Fund 280,007.00 3,091,959.00 £ All UK and Foreign Quoted Securities Historic cost as at 30 June 2020 Historic cost as at 30 June 2019 |
Purchases at cost £ 2,555,870.14 276,030.33 875,225.19 |
Disposals £ 1,708,471.23 134,007.40 569,770.28 2,412,248.91 £ Realised Gains Unrealised Gains |
Net Gains/ (Losses) £ 295,086.09 36,785.07 29,354.09 361,225.25 £ 83,911.57 277,313.68 |
Balance 30 June 2020 £ 3,594,892 538,353 614,816 |
|---|---|---|---|---|
| 3,707,125.66 £ |
4,748,061 £ |
|||
| 4,163,814 2,313,705 |
Following the Covid-19 outbreak and subsequent fall in global stock market values in the year, the value of the foundation's listed investments fluctuated significantly during the year. At the year end the value of the portfolio had recovered somewhat. The foundation will need to assess and adapt to potential further decreases in market value and investment income in the future.
| 10. Cash Unrestricted Main Fund £ BDB Pitmans LLP - Metro bank 11,415.69 Rathbones capital - Sterling accounts 3,488.15 - Euro Accounts 70,745.82 - US$ Accounts 778,162.19 - CHF Accounts 220,517.44 Rathbones income - Sterling accounts 3,433.56 - AUS$ Accounts - - Euro Accounts 703.88 - US$ Accounts 9,281.83 - CHF Accounts 3,125.95 1,100,874.50 £ |
Unrestricted Palendriai Fund £ 366.91 - - 83,270.65 111,179.79 180.83 1,862.37 720.26 12,597.52 8,520.23 5,546.16 |
Restricted Contingency Fund £ - - - - 20,007.35 - - - - 1,017.47 5,546.16 26,570.97 £ |
Total 2020 £ 366.91 11,415.69 3,488.15 154,016.47 909,349.33 220,698.27 5,295.93 720.26 13,301.40 18,819.53 14,218.27 1,351,690.20 £ |
Total 2019 £ 357 29,163 503,209 332,393 799,204 878,350 3,453 2,831 25,150 10,083 8,617 |
|---|---|---|---|---|
| 224,244.73 £ |
2,592,809 £ |
Page 9
FOUNDATION OF ST. BENEDICT OF NURSIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
| 11. Debtors Unrestricted Main Fund £ Due from Palendriai Fund - - £ 12. Creditors Unrestricted Main Fund £ BDB Pitmans LLP - Independent examination fees 1,050.00 Grants payable at year end 31,113.93 Due to Unrestricted Main fund - Due to Foundation of Our Lady of Good Help 1,405.19 33,569.12 £ |
Unrestricted Main Fund £ - |
Unrestricted Palendriai Fund £ - |
Restricted Contingency Fund £ - |
Total 2020 £ - |
Total 2019 £ 2,700 |
|---|---|---|---|---|---|
| - £ |
- £ |
- £ |
- £ |
2,700 £ |
|
| Unrestricted Palendriai Fund £ 1,044.00 150.00 - - 3,291.91 |
Restricted Contingency Fund £ - - - - - |
Total 2020 £ 1,044.00 1,200.00 31,113.93 - 4,697.10 |
Total 2019 £ - 1,200 51,647 2,700 4,697 |
||
| 33,569.12 £ |
4,485.91 £ |
- £ |
38,055.03 £ |
60,244 £ |
13. Analysis of Net Assets Between Funds
Fund balances at 30 June 2020 are represented by:
| Unrestricted Unrestricted Main Palendriai Fund Fund £ £ Investments 3,594,891.99 538,352.99 Current Assets 1,100,874.50 224,244.73 Creditors 33,569.12 4,485.91 Total Net Assets 4,662,197.37 £ 758,111.81 £ Fund balances at 30 June 2019 are represented by: Unrestricted Unrestricted Main Palendriai Fund Fund £ £ Investments 2,452,407.00 359,545.00 Current Assets 2,030,615.60 361,666.61 Creditors 54,102.27 6,141.91 Total Net Assets 4,428,920.33 £ 715,069.70 £ |
Unrestricted Main Fund £ 3,594,891.99 1,100,874.50 33,569.12 |
Unrestricted Palendriai Fund £ 538,352.99 224,244.73 4,485.91 |
Restricted Contingency Fund £ 614,816.00 21,024.81 - |
Total 2020 £ 4,748,060.98 1,346,144.04 38,055.03 |
Total 2019 £ 3,091,959 2,595,508 60,244 |
|---|---|---|---|---|---|
| 4,662,197.37 £ |
758,111.81 £ |
635,840.81 £ |
6,056,149.99 £ |
5,627,223 £ |
|
| Restricted Contingency Fund £ 280,007.00 203,226.75 - |
Total 2019 £ 3,091,959.00 2,595,508.96 60,244.18 |
Total 2018 £ 2,391,819 3,280,627 56,878 |
|||
| 4,428,920.33 £ |
715,069.70 £ |
483,233.75 £ |
5,627,223.78 £ |
5,615,568 £ |
Page 10
FOUNDATION OF ST. BENEDICT OF NURSIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
14. Prior year Statement of Financial Activities
| Unrestricted Main Fund Notes £ INCOME AND EXPENDITURE Income and Endowments from Donations received 2 - Investment income 3 34,415.28 Total Incoming 34,415.28 EXPENDITURE ON Fundraising costs 4 27,422.03 Charitable Activities Grants 5 173,005.29 Support costs 6 14,827.03 Total Expenditure 215,254.35 NET INCOME/EXPENDITURE (180,839.07) Other recognised gains/losses Exchange rate gain/(loss) 72,668.36 Investment gains 87,888.24 Net Movement in Funds (20,282.47) Transfer between funds (468,947.19) Balance of funds after transfers (489,229.67) Reconciliation of Funds Fund Balances brought forward 4,918,150.00 TOTAL FUNDS CARRIED FORWARD AT 30 JUNE 2019 4,428,920.33 £ |
Unrestricted Palendriai Fund £ - 4,051.13 4,051.13 4,073.00 - 2,072.80 6,145.80 (2,094.67) 9,534.54 10,211.83 17,651.70 - 17,651.70 697,418.00 715,069.70 £ |
Restricted Contingency Fund £ - 223.30 223.30 1,107.50 - - 1,107.50 (884.20) 6,120.02 9,050.74 14,286.56 468,947.19 483,233.75 - 483,233.75 £ |
Total 2019 £ - 38,689.70 |
Total 2018 £ 112,357 42,400 |
|---|---|---|---|---|
| 38,689.70 | 154,757 | |||
| 32,602.53 173,005.29 16,899.83 |
55,591 48,062 43,452 |
|||
| 222,507.65 | 147,105 | |||
| (183,817.95) 88,322.92 107,150.81 |
7,652 (60,989) 309,315 |
|||
| 11,655.78 - |
255,978 - |
|||
| 11,655.78 5,615,568.00 |
255,978.00 5,359,590 |
|||
| 5,627,223.78 £ |
£ 5,615,568 |
Page 11