Company Number: 03788484 Charty Nurnber.. 1079635 THE ARBORY TRUST IA company limlted by guarantee and not havlng share capital) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE ARBORY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Contents Pages Trustees. report Independent examiners, report Statement ol financial activities Balance Sheet Notes to the linancial statements 7- 13 Princlpal addrèss.. ThG Lodge The Barton Woodland Burial Ground CombertDn Fioad Barton Cambridge C823 7BA Company Number: 03788484 Charlty Number: 1079635 Bankers: Barclays Bank PIC Cambridge CB2 3XN Solicltors: Lee Bolton Monier - Williams 1 The Sanctuary Westwinster London Independent Examiner Ms N Hedger BFP FCA CTA 7 Quy Court Colliers Lane Stow-cum-Quy GB25 9AU
THE ARBORY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their annual report with the financial statements of the Trust lor the period ended 21 December 2022. OBJECTIVES AND ACTIVITIES The Obje ol the charity is tho provision and maint8nance ol public burial grounds in the advancement of Christian religion. The TYusle&s in selling their objectives have had due regard lo th& publi¢ benèfit guidants issued by the Charity CorrTrllission. ACHIEVEMENTS AND PERFORMANCE Tho popularity ol Barton continues. We are using the glades in the North Glebe lor Burials and have filled Glade 1 (Hornbeaml, Glade 2 IAspenl, Glade 4 IBirchl, Crab Apple (Glade 51 and Willow (Glade 3}. Spindle (Glade 81 and Oak (Glade 71 and Wayfaring (Glade 61 are now open. There were in total, 181 burials and 114 interments ol ashes in 20221195 8LJrials and 90 Ash inlernmenls in 20211. There was a consistent flow ol Funerals throughout the year. There have been relaxed covid restricllons in line with governmerFt re¢ommendations. Burial reservations have not been allowed since 2019. The Trust can retract that de¢ision at any time in the future. People are allowed a reseNation when it is booked al time of the burial of their loved one. We see to be taking more double depth reservations because ol this. The Trust were very grateful to Mrs Pauline Bennell who in¢luded The Aory Trust in her Will. Mrs Bennett generously bequeathed from her eslale £108,305. This gift will help rnainlain the woodland burial groLtnd for years lo come. The Trusi anticipates that the number ol reservations and interments in 2023 will continue to match if not exceed that of previous years. 11 is the dedication and coh8sion of the whole team, whether employees or volunteers both at Barton and Ely, that contributes hugely lo the Trust's success. The Trusie8s expect that Glebe Rise in 2023 will be fenced, tracks and parking constrLTCted and planting commenced. Truslees Francis Burkitt and Paul Evans have joined the Trust REVIEW OF THE YEAR The net surplus for the year amounted to £196,59712021 £138,308). Rl$k analysis The trustees confirm that major risks to which the Trnsl is exposed are reviewed regularly. The Iruslees delegate to a Working Group ol Iruslees the task ol ensuring that risks are reviewed and managed. Reserves pollcy The Trust aims to hold free reserves sufficient lo cover 12 months of ¢haritable expenditure, currently estimated al £ 95,000. At 31 December 2022 the Trust's free reserves were £957,813. The long term aim of the reseNes is to enable for future acquisition ol land lor woodland bLJrials, either al Barton or elsewhere and lor site maintenance in.perpeluily.
THE ARBORY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 COVID-19 Impact on the Arbory Trust Concerning Covid-19. There have been no operational risks We still have reduced numbers ol attendees and they are limited lo the service room only, no standing and any overflow have to stand outside. Slaff do not inleracl with mourners in the service room and do not play music lor the funeral, that is now the responsibility ol the funeral directors. This keeps staff safe and away from the volume ol mourners. W8 still put distance slgns up outside the doors on funeral days. Plans for the future The plans for the future include the preparation ol drawings and applications for an oxlension to the Service Lodge in order that our families can be sealed rather than stand outslde. We also hope to start planting on our newly acquired land north ol our sile called Glebe Rise in December 2023. Fiegarding Covid 19, we will still plan to have safely measures in place including social dlstancing signs and saniliser in place around the venue. Signs will be present to remind pèople lo b6 careful. We will keep th$ Lodge well ventilated when families are having a seNlce. STRUCTURE GOVERNANCE & MANAGEMENT The charity was incorporated as a Gompany Ilmiled by guarantee on 11 June 1999 and registered with the Charity Commission on 29 February 2000. charity number 1079625. Day to day managerllent of the work of the Trust is undertaken by Ihe Manager, under the direction of the working gyoup of T¥usle&s. The working group meets 4 limes per yeai, usually February, April, June and November and the full annual meeting takes place in September. Appolntment ot Trustees The Chaiiman of the Trust must be a Bishop of the Church ol England. Other trustees are appointed to provide expertise in the following areas.. land and woodland management., finance,. ecological matters,. and burial practice ot the Christian Church. All ol Ihoso areas are covered by the cur¥enl trustees. Upon appointment new Iruslees are given an induction pack, whlch includes working group meeting mlnutes, past issues of the newsletter and the most recent annual accounts, and are invited to attend a Iruslees meeting before accepting the trusteeship.
THE ARBORYTRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees. RsponSi1n}es The trustees are respor*sible lor PFyring financial statements for each financial which give a true and tair view of the stale ol affa¥r8 of the Irtt as at the e[ of the linanoial year ancs ofthe surplus or defirit Df the IrLtst fur that period. In preparing those ftnanaial 51alements, Ihe trusiees are required to- sèlect SUitae accounting polieios and then applythom consistently, make judg8m&nts and est5mates Iliat are sonable and prudent,. comply with applicablo Accountlng Standards, sublect to any material departLsres d[10$ed and &xplai[j in the f5n&ncial staternents;. preparo the ftftanryet Statnents on thtr going concern basis unless it is inappropriate to presume that the tiust WH Gontinue in busines8. The Irugtees e responsibte lor rnairrtallil prOr aceounting reeordg whlch dIsclosè vAth reasonable accuracy at anytr.mè the ffnancial pDsition ol the trust And to enabfa them to ensurt)that the linancial slalernerrts compty the Charittes Act and zhe CDmpani8s Act 20Q6. They are also responstile lor saleguarding the assets of the trist ¥md hw¢e lortaking rmsonable stéps for th8 pr¢veThlion and detsctton of fraud and other irregularities. ChaTIty Trustees The Trustees who Se¢d dtsrtng the year were., Thg Rt Rgvd 8ishop ot Ey $18ph9n Conway Ichalrrnan) Sir Hugh Dubèrly KCVO CBÉ Th8 Lord Falrhaven (resigned 2 April 20221 Th& Revd Peler C Owen Jones Mr Howard John Dellar Dr Garalh John Thomas Mrs Judy Pearson Mr Rlchard Pembèrton Mr John Booeock BEM Mrg Deryn Coe Mr Paul Lawson Evans Mr Fraros Willialn Mites Burkitt Se¢rekry Mrs S Nli Stgned by= The Rt Revd Dr Dagma¥ Wintsr, Bishop ol Huntsngdon, Acting Bishop ol Ely ale.-
THE ARBORY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 I report lo the charity trustees on tny 8xaminalion ol the accounts of the company for the year ended 31 DecerFibeT 2022 whi¢h are set out on pages 5 to 13. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the cornpany you are responsible for the preparation of the accounts in accordance with the requirements ol the Companies Aot 20061'the 2006 Act'l. Having satisfied myself thai the accounts ot the company are not rÈquir8d to be auditgd under Parl 16 01 the 2006 Act and are eligible for independent examination, I reporl in respect ol my examination ol your companws accounts as carried OLrt under section 145 of the Charities Act 2011 l'lhg 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515}Ibl ol the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect: lal ac¢ounling records were not kept in respect of the company as required by section 386 of the 2006 Act., or Ib} the accounts do not acGord with those records. or Icl the accounts do not comply with the accounting requirements of section 396 of the 2006 Acl than any reqLtirement that the accounts giv8 a 'true and lair view. which is not a matter considered as part of an independent examination- or Idl the accounts have not been prepared In accordance wrth the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charities [applicable to charities preparing their account in accordance with Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this r8POrt in order lo enable a proper understanding of the accounts lo be reachec Naomi Hedger BFP FCA CTA Ilndependent Examiner) Dale.. 14 September 2023 Chater Allan LLP Chartered Accounlanls 7 Quy Court Colliers Lane Siow-cum-Quy CB25 9AU
THE ARBORY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Funds General Restricted Total Fund Fund 2022 Total 2021 Nole Income From: Donations and legacies Charitable activities Investments 111,425 238,564 7,883 111,425 238,564 7,883 4,710 210,212 7,228 Total 357,872 357,872 222 150 Expenditure On: Charitable activities 125,965 125,965 120,734 Total 125.965 125,965 120,734 Net gainlllossl on investments 135,3101 135,3101 36,892 Nei Income (Expenditure) 196,597 196,597 138,308 Transter between Funds: Net Movement In Funds 196,597 196,597 138,308 Reconoillation Of Funds: Total funds brought forward 1,420,681 1,420,681 1,282,373 Total funds Carried forward 1,617,278 1,617,278 1420,681 Contlnulng operatlons None of the Tr$t'S activities were acquired or discontinued durlng the above two flnancial periods.
THE AR8ORYTRUST 8ALAN¢E SHEEr AS AT 31 DECEMBER 2022 Company Mumbèr" OY788484 2022 2021 Note AXED ASSErs Taroiblè assets Investments 659,465 269,799 639,957 297,2fl CURRENT ASSErs Stodi Debtors Cash * bank 1,098 164,728 1,Q38 163,728 323.149 487,913 693,Sr2 CREDITORS Amounts talling due vrithin 0year 4,416 Myr CURRENT ASSETS TOTAL ASSETS LESS CURREIIT LLABILITtEg 1,617,278 1,420,681 NET ASSErs 1,817278 1420.681 FUNDS Unre51ricbd fu1$. Gener fd- other reser¢es ReVUation rèserve 1,574.043 43235 1,342.136 13 1,617,278 1,420,681 1,617.278 1.420,681 Th8 charilat)le ¢ory&ny TS ¢ntitled to exemption from audit 477 olthè Gomparri&s Act 2006 k)> the year 31 08¢etrber 2021 Tho mgmbÉrg have Thot rwfjred the CDEnp8ny to obtsin an audit of its tiNand¥ statsments lor the yw enised 31 Dèrkmbfjr 2022 in aoxdance lth SectK)n 476 01 lh& Companles Act 200$ The truslees acknedge lhe rosponsibllttos for. lal ertsuring Ih8lthB chaiii&bl8 company keeps acwunting rrS le0 compty (h Sectiors $86 and 387 otthg Cofflpaniv&sAc12006 and., (bl pparing tinan¢t statrts whith gNe a tr15e and law view of th8 St6 affairs of the charitable company as al tke encl ol pach finakial year and ofils proltt or loss lor firRncTra5 y8 In accordance th the rUl1mentS ol Sections 394 and J95 and which othèrwi oomply w¢lh th8 re9uir&mgnts of the CornpanT8S Aet 2006 relating to finala1 statements, so far as ap[cable tr) the charitable company. Thè finan¢ial st*omènts apwov8d tythe Board of Tn58tse5 on IJ. 0É2Q3 and w8rÈ signe4 on its behatf by: Thè Rt R& Acring Bis r Dagmar Winter, &isho of Ely l Huntingdon, I41drd PÈmtserto Tiuste8
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 DECEMBER 2022 1. ACCOUNTING POLICIES la} 8asis of accountlng The linancial statements have been prepared under the historical cost convention, with the exception ot investments Nvhich are includ$d at market value. Thè financial statements have been prepared in accortlanc¢ with the Accounting and R6POrting by Charities.. Slaiemenl ol Recommencled Praclice applicable lo charities preparing Ihelr accounts in a¢wrdance with the Financial RepDrting Standard applicable in the UK and The Charlty constltules a public benefit entity as defined by FRS102 Ibl Income Income is r$¢ognised when the charity has enlillemenl to the lunds, any performance condilitins attached lo the item of income have boen met, it is prObe that the income will received and the amount can be measured reliably. Reservation le&s are recognised upon receipt and not Ireat8d as restrided due lo lulure costs being negllgible {cl Expendlture Expenditure is recognised once there Is legal or constructive obligation lo make a payment to third paty, it is probable that settlement will bo required and the amount ol the obligation Can be m8asur6d reliably. {dl Tanglble Ilxed assets Land is not depreciated. The Memorial Lodge and il's lumishings are depreciated to write off the cost over the estimated useful life ol between 10 and 25 years. Computers are depreciated over an estimated useful life 013 years. le) Taxation The Company is a reglslered charity and as Such is not liable lo taxation. (f) In¢ome and expendlture The inclusion ol an Income and Expenditure account is not deemed necessary as the relevant information is inclLKled in the Stslement of Financial Activities. {gi Investments Investments lis16d at the stock exchange are slated al market value al the balance sheet date. The SOFA includes th& net gains and losses arising on revaluations and disposal throtsghoul th& year. (h) Penslon conlrlbutlons The CDmpany operates a defined benefit pension scheme for one member ol stsff. It is a rnutti-employer schemè and tl is not possible to attribute scheme assets and liabilllies to specific employers. Contributions are accounted lor as rf il was a defined contribution schemg. (il Going Con¢ern The trustees have ¢onsider8d the financia POSTtion of the charitable company and belipve tt 18 well plad to manage ils business risk successfully. Thè Iruslees have a reasonable expectation that the eharttable company will have adequate resources lo meet its financial obligations lor the next 12 to 18 rnonlhs and, on that basis, they continue to adopt the going concern basis in prepaling the annud reports and the financial statements.
THE ARBOR Y TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2022 2 INCOME FROM CHARITABLE ACTlVtTIES AshlPartner Reservations 8urlal lee$ Room hir¢ and other Income Total 2022 Totsl 2021 Grants Woodland burial ground 60,595 151,657 1,157 25,155 238,564 210,212 3a EXPENDITURE ON CHARITABLE ACTIVITIES SUMMARY Dlrect Cost$ Support Costs Total 2022 Total 2021 Woodland burial ground 115,568 10,397 125,965 120,734 3b EXPENDITURE ON DIRECT COSTS General Fund Restricted Fund Total 2022 Total 2021 Staff Costs Travel and guardian expenses Telephone Payroll processing costs Printing and slalionery Subscription CompLiler expenses Grave diggillg Lodg& expenses GroLJnds maintenance Professional lees Depreciatioti Car park rent Promotion 55,628 1,476 1,330 2,042 1,176 55,628 1,476 1,330 2,042 1,176 990 883 4.533 5,383 28,356 1,190 10,909 1,000 672 115,568 53,510 1,Q56 1,420 1,423 1,436 990 1,513 7,325 5,813 26,442 1,044 7,257 1,000 883 4.533 5,383 28,356 1,190 10,909 1,000 672 1 f 5,568 110,229 3c EXPENDITURE ON SUPPORT COSTS Gèneral Fund REstricted Fund Tolal 2022 Total 2021 Insurance 1,321 3,079 1,5QQ 4,200 297 1,321 3,079 1.500 4,200 297 1,232 2,576 3,OCIQ 3,060 637 1 QI,505 Diocesan office costs Governance (Note 41 Bank charges
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 4 EXPENDITURE ON GOVERNANCE General Fund Restricted Fund Tolal 2022 Total 2021 Accountancy lees - current year 4,200 4,200 3,060 4,200 No Trustees receivèd any expensgs durtng the year12021= £Nill. 5 STAFF COSTS 2022 2021 Wages and salaries Social se¢urty cosls Pension cost Pension deficit reduction cost 51,217 3,671 740 48,991 3,136 847 536 55,628 53,510 Key management personn81 The total employment benefits Including pension contributions ol key management personn?1 wa8 233,17312021= £32,745) No employee earned £60,OOCI or more during the year. The average number of employees during the year was 312021- 31 No trustee Yeceived remuneration during the year12021'. £Nill 6 TANGIBLE FIXED ASSErs Memorial Lodge Land Equipment Total Cost At l January 2022 Additions 525,745 26,816 144,862 18,496 3,601 689,103 30,417 At 31 December 2022 552,561 144,862 22,097 719,520 Depreclation At 1 January 2022 Charge lor year 37,325 8,741 11,821 2,168 49,146 10,909 Al 31 December 2022 46,066 13,989 00,055 Net book value At 31 0ecen7ber 2022 552,561 98,796 8,108 659,465 Al 31 December 2021 525,745 107,537 6,675 689,957 The Trust's fixed assets are all used tor charitable purposes.
THE ARBORYTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 7 STOCK 2022 2021 Grave fflicrochips 1.098 1,038 8 DEBTORS AND PREPAYMENTS 2022 2021 Pr?paymenls Accrued income Due from Ely Diocesan Board ol Finance 333 3,869 160,524 333 3,869 159,524 164,726 163 726 9 INVESTMENTS 2022 2021 Listed investments.. Central Board ol Finance Income Shares 269,799 297,227 269,799 297,227 Movèm&nis In the year: Income $hare5 Balan¢e at 1 January 2022 Aclditions Reinvested income Disposals Transfer from deposit Revaluation . unrealised realised 297,227 7,883 135,3101 Balance at 31 December 2022 269,799 10 CREDITORS: Amounts falllng due wilhln one ygar 2022 2021 Creditors & accruals 5.658 4,41e 5,658 4,416 10
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 11 FUNDS General Fund Restricted Funds Totsl Balancg al 1 January 2022 SurplusllDeli¢itl for the period Transfer between funds 1,420,681 198,597 1,420,681 196,597 Balance at 31 December 2022 1,617,278 1,617,278 The restrtcted fund related Ici donarfons lor t¥BgS 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS General Fund RastrIed Funds Total Fixed assets Net asselsllliabilitiesl 659,465 957,813 659,465 957,813 Total net asseis 1,617.278 1,617,278 13 REVALUATION RESERVE 2022 2021 Balance at 1 January 2022 Revaluation in ihe year Transferred loltrom General lund other reseNes 78.545 135.3101 41,653 36,892 Balance at 31 December 2022 43,235 78,545 14 CONTROLLING PARTY The charty is controlled by the Board ol Trustees.
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 PENSION COSTS The Arbory Trust is part of the Ely Dioan Bc>ard ol Finance IDBSI pension scheme. Ely DBF IDBSI participates in the Dttlined Benefits Scheme section ol CWPF for lay staff. The Scheme is administered by the Church el England Pensions Board, which holds the assels of the schemè separately from those of ELY DBF Ilhe employerl and the other partiGipaling employers. CWPF has sections= 1. the Defined Benefits Soheme 2. the Pension Builder Schem8, which has subsections- a. a delprr&d annuty section known as Pension Builder Classic, arKI, b. a cash balance section known as P8nsion Builder 2014. The Defin£ Benelils Scheme I"DBS'I section ol the Chur¢h Workers Pension Fund provid&8 benefits lor lay slafl based on final pensionable salaries. For funding purposes, DBS is divided into sub-pools in respect of each partlcipating employer as well as a further sub-potsl, known as the Life Risk Pool. The Life Risk Pool exists lo share certain risks between employers, including those ielaling to mortality and post-rellremant Ivtrent ieturns. The division ol the DBS into stJb.pools is notional and is lor the purpose ol calculating ongoing conlribulions. They do not alter th8 fact that the assets of the DBS are held as a single lyusl fund out ol which all the benefits are to be provided. Frorn time lo lime, a notional premium is transferred from employers, sub-pools lo the Life Risk Pool and atl pensions and death benefits arg paid from the Life Risk Pool. The scheme Is a multi-employer scheme as described in Section 28 of FRS102. It is not possible io attribute DBS assets and liabilities to specllic employers, since each employer, through the knfe Rlsk Section, is exposed lo a¢tuariaJ risks associated with the current and former employees ol other enlilies participating in DBS. This means that contributions are accounted lor as If DBS were a defined contrlbution scherne. The pensions costs charged lo The Arbciry Trust SOFA during the year are conlributlons payable towards benefits and expenses accrued in that year12022.' £740, 2021.. £8471 plus the figures In relation to The Arbory Trust's share of the DBS deficit highlighlod in the table below as being recognised in the SOFA, ging a total charge of £740 for 202212021.. £1.3831. 11, following an actuarial valuation ol the Lile Risk PODI, ther8 18 a surplus or defj'cil in the pool, further translers may be made from the Life Risk Pool lo the employers, sub-pools, or vice versa. The amounts to be transferred land their allocation betwgen the subpoolsl will be settled by the Church of England Pensions Board on the advice Df the Actuary. A valuation ol DBS is carried OLrt L)nce every three years. Thè most recently linalised was carried out as at 31 December 2019. In this valuation, the le Risk Sectlon was shown to be in deficit by £7.7m and £7.7m was notionally transferred from the employers. sub-PDols lo the Lrfe Risk Section. This increased the Employer contributions that would othetrwise have been payable. The overall d8licil in DBS was £11.Sm. The next actuarial valuation Is due al 31 Décember 2022. Following the valLJation, Ely DBF has entered into an agreement with the Church Workers Pension Fund lo pay a contribution ralè o123.6Q/a ol pensionable salary and expenses of £6:500 per year. In addition deficit payments of £5,692 per year have been agreed for 7 years from 1 April 2021 in respect ol the shortf1 in the Employer sub-pool. This obligation has been recognised as a liabilty within 8y DBF'S linancial statements. 12
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 PENSION COSTS Icontlnuedl Section 28.1 IA of FAS 102 requires agreed deficit recovery payments to be recognised as a liabilty. The movement in the provision *oi Arbory Trust is set out below: 2022 2021 Balance sheet liabilty at l January Deficit contribution paid Interest cost Irecognised in SOFA) Flemaining change to the balance sheet llabilty.lrecogSed in SOFAI 15361 536 Balance sheet liabilkty at 31 December ' Cornprises change In agreert deffdl r8¢oVtsryan and ohange in dk8o)uni rats betsyèen yaar-&rKSs. This liability represents the present value of the deli¢il contributions agreed as at the accounting dale and has been valued using the lollo>wing assumptions, set by reference to the duration of the deficit recovery payments.. Dec•22 Dec-21 1.5°1. Dec-20 ov. Discount rate The legal structure ol the schemg is such that11 another trmployer fails, the employer could become responsible lor paying a share ol that Èmployey's pension liabilities. 16 STATEMENT OF FINANCIAL ACMVITIES DETAIL FOR 2021 Unioslricted Fund8 General Restriclèd Fund Fund Tolal 2021 Income From- Donations Charitable acttvities Investments Total 4,710 210,212 7,228 222,150 4,710 210,212 7,228 222,150 Expenditure On: Charitable activities Total 120734 120 734 120,734 120,734 Net gainlllossl on investments 36,892 36.892 Net Income {Expendituro1 138.308 138,308 Transler between Funds: Net Movement In Funds 138,808 138.308 Re¢onciliatlon Of Funds- Total funds brought forward 1,282,373 1,282.373 Total funds carried forward 1,420.681 1,420,681 13