##
##
||||Page|
|---|---|---|---|
|Trustees'
Annual
Report|||1 —15|
|Independent|Auditors'
Report||16—19|
|Consolidated|Statement|of Financial Activities|20|
|Balance Sheet|||21|
|Consolidated|Statement|ofCash Flows|22|
|Notes to the|Financial Statements||23-43|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|||||||
|---|---|---|---|---|---|---|---|
|Company
Number|3890729|||||||
|Charity
Number|1080235|||||||
|Registered
Office|Chancery
Court, Belmont|Business|Park, Belmont,|Durham,||DH1 1TW||
|Our advisors||||||||
|Bankers|National Westminster
Bank, 12 Market Place, Durham,||||DH1|3NG||
|Solicitors/Legal
issues|Ward Hadaway
Law Firm,|Sandgate|House, 102Quayside,|||Newcastle|upon Tyne,|
||NE1 3DX|||||||
|Auditors|Haines Watts, 17Queens|Lane, Newcastle
upon Tyne,|||NE1|1RN||
|Investment
Advisers|Ruffer LLP, 80Victoria Street, London, SW1E5JL|||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Scope|Risk|||||Impact Level|Likelihood|
|---|---|---|---|---|---|---|---|
|Short-term|~|Impact to changes
in publishing||||High|High|
||~|Membership
retention
and recruitment||||High|High|
||~|Changes
in education
policy and funding/|Government||policy|High|High|
|||e.g. fees||||||
||~|Conference
Performance||||High|Medium|
||~|Socio/ Political Climate||||High|Medium|
||e|Diversity
within the BSA||||High|Medium|
||~|Management
ofjournals
including
recruitment||of editorial||High|Medium|
|||teams, citation rates, publisher
relationships,||peer reviewer||||
|||exhaustion||||||
||~|Trustee succession
planning||||Medium|High|
||~|Social media/
press coverage||||Medium|Medium|
||~|IT infrastructure
including
cybersecurity||||Medium|Medium|
||~|Overseeing
contractors e.g. IT,journals,|media|||High|Low|
|Medium-term|~|Public face ofsociology and the BSA||||High|Medium|
||e|Reserves ofthe Association||||High|Medium|
||~|Availability
oftrustees
and Advisory
Forum representatives||||Medium|High|
||~|Positive working
relationships
within the|BSA|governance||Medium|Medium|
|||structure||||||
|||Employee
retention/recruitment/performance/||||Medium|Medium|
|||sickness/volunteers
working
relationships|with|staff||||
||~|General Data Protection
Regulation
(GDPR)||||High|Low|
||~|Recruitment
of new CEO||||High|Low|
|Long-term|~|Study Groups||||Medium|Low|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Notes|Unrestricted|Designated|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
||||F|F|E|f|
|Income from:|||||||
|Donations|||25||25|230|
|Charitable
activities|||280,817|106,077|386,894|316,607|
|Other trading
activities|||656,067||656,067|597,333|
|Investments|||5,489||5,489|48|
|Other|||5,459|1,356|6,815|31,489|
|Total income|||947,857|107,433|1,055,290|945,707|
|Expenditure
on:|||||||
|Raising funds|||||||
|Investment
management|costs||6,515||6,515|6,057|
|Other trading
activities||7.2|148,593||148,593|157,281|
|Charitable
activities||7.1|611,094|123,785|734,879|593,255|
|Total expenditure|||766,202|123,785|889,987|756,593|
|Net income/(expenditure)|before||||||
|gain/(loss)
on investment|||181,655|(16,352)|165,303|189,114|
|Transfers
between
funds||18|(220,000)|220,000|||
|Net gain/(losses)
on investments|||19,436||19,436|46,153|
|Net income/
(expenditure)|||(18,909)|203,648|184,739|235,267|
|Net movement
in funds|||(18,909)|203,648|184,739|235,267|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||1,420,356|1,266,876|2,687,232|2,451,965|
|Total funds carried forward|||1,401,447|1,470,524|2,871,971|2,687,232|
##
##
|||||||Group||Charity|
|---|---|---|---|---|---|---|---|---|
|||||Notes|2022f|2021
f|2022
f|2021|
|Fixed assets|||||||||
|Tangible assets||||12|605,954|633,758|605,954|633,758|
|investments||||13|1,443,879|1,426,811|1,443,879|1,426,811|
||||||2,049,833|2,060,569|2,049,833|2,060,569|
|Current assets|||||||||
|Debtors||||14|448,033|412,929|46,412|67,552|
|Cash at bank and|in|hand|||535,625|428,064|529,573|424,187|
||||||983,658|840,993|575,985|491,739|
|Creditors: amounts||due|within one year|15|(158,438 )|(208,533 )|(201,549 )|(238,257)|
|Net current assets|||||825,220|632,460|374,436|253,482|
|Total assets less|current||liabilities||2,875,053|2,693,029|2,424,269|2,314,051|
|Defined benefit pension|||liability|16|(3,082 )|(5,796 )|(3,082 )|(5,796)|
|Net assets|||||2,871,971|2,687,233|2,421,187|2,308,255|
|Charity funds|||||||||
|Unrestricted
funds|||||1,401,447|1,420,356|950,663|1,033,874|
|Designated
funds|||||1,470,524|1,266,876|1,470,524|1,274,381|
|||||18|2,871,971|2,687,232|2,421,187|2,308,255|
##
##
|||Notes|||
|---|---|---|---|---|
||||2022|2021|
|Cash flow from operating
activities||22|97,214|312,465|
|Net cash flow from operating
activities|||97,214|312,465|
|Cash flow from investing
activities|||||
|Payments
to acquire tangible
fixed assets|||( 11,773)|( 14,567)|
|Payments
to acquire investments|||( 456,338)|( 511,920)|
|Receipts from the sale oftangible
fixed assets|||||
|Receipts from sale of investments|||466,742|144,043|
|Dividends
received|||19,976|19,976|
|Interest received|||48|48|
|Net cash flow from investing
activities|||18,655|362,420|
|Net increase
in cash and cash equivalents|||115,869|(49,955)|
|Cash and cash equivalents
at the beginning|ofthe year||446,336|496,291|
|Cash and cash equivalents
carried at the|end ofthe|year|562,205|446,336|
|Cash and cash equivalents
consist of:|||||
|Cash at bank and
in hand|||535,625|428,064|
|Cash held with investment
managers|||26,580|18,272|
||||562,205|446,336|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||F|F|
||Income||||495,637|437,590|
||Gift aid from|subsidiary||company|339,254|446,297|
||||||826,922|883,887|
||Expenditure||||(741,394)|(587,729)|
||Net gains/(losses)||on investments||19,432|46,153|
||Net income/(expenditure)||||112,929|342,311|
|3.|Income from donations||||||
||||||2022|2021|
||||||F|F|
||Other donations||||25|230|
|4.|Income from charitable|||activities|||
||||||2022|2021|
||||||F||
||Membership|income|||189,883|187,290|
||Conference|income|||||
||BSAAnnual
Conference||||90,549|90,529|
||Medical Sociological Conference||||82,486|14,071|
||WES Conference||||2,000|13,266|
||Other study|group income|||21,976|11,451|
||||||386,894|316,607|
|5.|Investment|income|||||
||||||2022|2021|
||||||F|F|
||Bank interest||||1,338|48|
||Dividends
received||||4,151|19,976|
||||||5,489|20,024|
##
##
##
##
|Other trading
income|||
|---|---|---|
||2022|2021|
||F||
|Publications|620,211|557,778|
|Rental income|35,856|39,555|
||656,067|597,333|
##
##
##
##
|Analysis of|exp|enditure
on charitable|activities|||||
|---|---|---|---|---|---|---|---|
|||||Conference/|Support|||
||||Membership|Events|Costs|2022|2021|
||||F|||F|F|
|Staff costs|||230,968|121,298||352,266|324,473|
|Travel and subsistence|||4,367|||4,367|10,933|
|Office costs|||114,771|||114,771|77,391|
|Support fund|||5,414|||5,414||
|Supplying
Network to members||||3,240||3,240|7,049|
|Philip Abrahams||prize|||||1,000|
|Venue costs||||110,256||110,256|52,161|
|Study group|expenditure||||16,908|16,908|11,279|
|Recruitment|and|training costs|||10,980|10,980||
|Special interest||groups|||8,000|8,000|300|
|Marketing|||||2,386|2,386|13,198|
|Miscellaneous|||||3,050|3,050|3,722|
|Subscriptions|||||3,667|3,667|3,662|
|Legal and professional|||||17,955|17,955|5,137|
|Public relations|||||21,216|21,216|3,200|
|Depreciation|||||38,840|38,840|57,338|
|Irrecoverable|VAT||||4,790|4,790|5,919|
|Bank charges|||||6,883|6,883|6,106|
|Governance|||||9,890|9,890|10,387|
||||355,520|234,794|144,565|734,879|593,255|
##
##
|7.2|Analysis of|Analysis of|expenditure|expenditure|on other|on other|trading|activities|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||||||||||F|E|
||Staff costs||||||||88,816|75,504|
||Committee|meetings||and travel|||||3,186|939|
||Direct purchase of member copies||||||||29,198|29,245|
||Office costs||||||||1,411|1,882|
||ITcosts||||||||16,210|13,418|
||Legal and professional|||fees|||||6,872|33,807|
||Other costs||||||||2,900|2,486|
||||||||||148,593|157,281|
|7.3|Governance|costs|||||||||
||||||||||2022|2021|
|||||||||||f|
||Trustee expenses||||||||430|1,112|
||Audit||||||||9,460|9,275|
||||||||||9,890|10,387|
|8.|Net income|for the year|||||||||
||Net income|is stated after charging(crediting):|||||||||
||||||||||2022|2021|
||||||||||F|F|
||Depreciation||of tangible||fixed assets||||38,840|57,338|
||(Gain)/loss|on fair value|||movement||in investments||(19,436)|46,153|
|9.|Auditor's
remuneration||||||||||
||||||||||2022|2021|
||||||||||E|f|
||Fees payable||to the charity's|||auditors
for the||audit|||
||ofthe charity's||annual|accounts|||||9,460|6,570|
##
|The reimbursement
oftrustee expe|nses was as follows:||||
|---|---|---|---|---|
||2022|2021|2022|2021|
||Number|Number|E|E|
|Travel|13|15|430|1,112|
##
||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|
||||Number|FTE|Number|FTE|
|Charitable
activities|||||||
|Other trading|activities||||||
||||10|10|11||
|The total staff|costs and employee|benefits was as follows:|||||
||||||2022|2021|
||||||E|F|
|Wages and salaries|||||393,966|422,811|
|Social security|costs||||30,940|30,929|
|Pension costs|||||26,093|25,683|
||||||450,999|475,481|
##
##
|12.|Tangible fixed assets||||
|---|---|---|---|---|
||Group|Long|||
|||Leasehold|Equipment|Total|
|||||E|
||Cost||||
||At 1 January 2022|777,076|259,277|1,036,353|
||Additions||11,773|11,773|
||Disposals||(3,790)|(3,790)|
||At 31 December 2022|777,076|267,260|1,044,336|
||Depreciation||||
||At 1 January 2022|169,583|233,012|402,595|
||Charge for the period|14,894|23,946|38,840|
||Depreciation
on disposal||(3,053)|(3,053)|
||At 31 December 2022|184,477|253,905|438,382|
||Net Book Values||||
||At 31 December 2022|592,599|13,355|605,954|
||At 31 December 2021|607,493|26,265|633,758|
##
##
|y|Long|||
|---|---|---|---|
||Leasehold|Equipment|Total|
|||F||
|Cost||||
|At 1 January 2022|777,076|251,384|1,028,460|
|Additions||11,773|11,773|
|Disposals||(3,790)|(3,790)|
|At 31 December 2022|777,076|259,367|1,036,443|
|Depreciation||||
|At 1 January 2022|169,583|225,119|394,702|
|Charge for the period|14,894|23,946|38,840|
|Depreciation
on disposal||(3,053)|(3,053)|
|At 31 December 2022|184,477|246,012|430,489|
|Net Book Values||||
|At 31 December 2022|592,599|13,355|605,954|
|At 31 December 2021|607,493|26,265|633,758|
##
##
##
|Group and Company||||
|---|---|---|---|
|||2022|2021|
|||F|F|
|Investment
properties||475,000|475,000|
|Listed investments||942,299|933,539|
|Cash held with investment|managers|26,580|18,272|
|||1,443,879|1,426,811|
|||Listed|Investment|
|||investments|properties|
|||F|F|
|Market value
1 January 2022||933,539|475,000|
|Additions||456,338||
|Disposals||(466,742)||
|Net unrealised
gain||19,164||
|Market value 31 December|2022|942,299|475,000|
|Historical cost 31 December|2022|845,359|475,000|
##
##
##
##
##
|A summary
of t
Companies.|he tra|ding
results
is shown
below.
Audit|ed
financial
statem|ents
will be|filed with the|Registrar
o|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||F||
|Turnover|||||620,211|557,779|
|Costs|||||(209,241)|( 218,525)|
|Other operating|income||||60||
|Interest receivable|||||30||
|Profit for the financial||year|||411,060|339,254|
|Gift aid payment|to parent||||339,254|446,297|
|Net assets|||||450,784|378,978|
|Debtors|||||||
|||||Group||Charity|
||||2022|2021|2022|2021|
|||||F|F|F|
|Trade debtors|||2,369|3,452|2,369|(1,730)|
|Prepayments
and accrued income|||442,042|394,518|40,961|56,138|
|Other debtors|||3,622|14,959|3,082|13,144|
||||448,033|412,929|46,412|67,552|
|Creditors:
Amounts||falling due within one year|||||
|||||Group||Charity|
||||2022|2021|2022|2021|
||||F|F||F|
|Trade creditors|||16,658|57,498|16,824|66,008|
|Accruals and deferred||income|113,988|99,213|82,689|69,797|
|Taxation and social security costs|||7,843|13,655|7,843|13,655|
|Other creditors|||19,949|38,167|5,027|5,162|
|Amounts
due from subsidiary|||||89,166|83,635|
||||158,438|208,533|201,549|238,257|
##
##
##
##
##
##
##
##
##
##
##
##
##
|Present values|of provisi|ons|||||||
|---|---|---|---|---|---|---|---|---|
|||||31 December||2022|31 December 2021|31 December 2020|
||||||||f||
|Present value of provision||||||3,082|5,796|22,377|
|Reconciliation|of opening|and|closing|provisions|||||
||||||||Period Ending|Period Ending|
||||||||31 December 2021|31 December 2021|
|||||||||E|
|Provision at start ofperiod|||||||5,796|22,377|
|Unwinding
ofthe discount||factor (interest||expense)|||62|53|
|Deficit contribution
paid|||||||( 2,689)|(5,263 )|
|Remeasurements|—impact|ofany change||in assumptions|||(85)|(67)|
|Remeasurements|—amendments||to the contribution||schedule|||(11,304)|
|Provision
at end|of period||||||3,084|5,796|
|Income and expenditure|Income and expenditure|impact|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Period Ending|Period Ending|
||||||||31 December 2022|31 December 2021|
||||||||F||
|Interest expense|||||||62|53|
|Remeasurements|—impact|ofany|change|in assumptions|||(85)|(67)|
|Remeasurements|—amendments||to the contribution||schedule|||(11.304)|
|Assumptions|||||||||
|||||31|December|2022|31 December 2021|31 December 2020|
||||||%per annum||%per annum|%per annum|
|Rateofdiscount||||||4.56|1.18|0.27|
##
##
|Year ended|31December 2022|Balance at|||Transfer/|Balance at|
|---|---|---|---|---|---|---|
|||1 January|||Investment|31 December|
|||2022|Income|Expenditure|(loss)/gain|2022|
||||F|F|||
|Unrestricted|funds|"I,420,356|947,857|(766,202)|(200,564)|1,401,447|
|Designated|funds|1,266,876|107,433|(123,785)|220,000|1,470,524|
|||2,687,232|1,055,290|(889,987)|19,436|2,871,971|
|Year ended|31December 2021|Balance at|||Transfer/|Balance at|
|||1 January|||Investment|31 December|
|||2021|Income|Expenditure|(loss)/gain|2021|
|||F|F|F|F|F|
|Unrestricted|funds|1,172,924|916,927|(715,284)|45,789|1,420,356|
|Designated|funds|1,279,041|28,780|(41,309)|364|1,266,876|
|||2,451,965|934,124|(745,010)|46,153|2,687,232|
##
##
|Desi
nated funds breakdown|Desi
nated funds breakdown|Desi
nated funds breakdown||Balance at|Balance at|||Transferl|Transferl|Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
|||||1|January|||Investment||31 December|
||||||2022|Income
F|Expenditure|(loss)/gain|f|2022|
|Study groups|||||||||||
|Ageing,
Body 8 Society|||||3,267|||||3,267|
|Animal/Human|||||1,165|40||||1,205|
|Auto Biography|||||5,218|14,416|(12,793)|||6,841|
|Bourdieu
Study Group|||||13,228|350|(2,494)|||11,084|
|Childhood|||||151|||||151|
|Citizenship|||||||||||
|Climate Change|||||1,762|||||1,762|
|Consumption||||||70||||70|
|Digital Sociology|||||467|||||467|
|Disability|||||76|||||76|
|Disapora,
Migration,|Transnationalism||||835|||||835|
|Education|||||569|1,235|(452)|||1,352|
|Emotions|||||489|||||489|
|Family and Relationships|||||405|||||405|
|Food|||||10,534|||||10,534|
|Gender Study Group|||||456|||||456|
|Happiness|||||893|||||893|
|Historical and Comparative||Sociology|||205|||||205|
|Human
Reproduction|||||2,535|488|(766)|||2,257|
|Leisure 8 Recreation|||||205|205||||410|
|Medical Sociological|(Main)||||70,283|82,736|(90,124)|||62,895|
|Medical Sociological|(Bristol 8 South|||West)|440|240||||680|
|Medical Sociological|(London)||||||||||
|Medical Sociological|(Mental||Health)||||||||
|Medical Sociological|(North|East)|||1,043|||||1,043|
|Medical Sociological|(East Midlands)||||253|||||253|
|Medical Sociological|(North|West)|||394|||||394|
|Medical Sociological|(Wales)||||||||||
|Medical Sociological|(West|Midlands)|||494|||||494|
|Medical Sociological|(Yorkshire)||||1,211|||||1,211|
|Medical Sociological|(Scotland)||||1,687|||||1,687|
|Medical Sociological|(South|Coast)|||||||||
|Medical Sociological|(Environmental|||8 Health)|989|||||989|
|Medical Sociological|(Deconstruction|||Donation)|1,217|||||1,217|
|Medical Sociological|(Applied||Qualitative||||||||
|Health Research)|||||368|||||368|
|Media|||||763|||||763|
|Sociological, Psychoanalysis|||8||||||||
|Psychosocial|||||2,993|||||2,993|
|Balance carried forward|||||124,595|99,780|(106,629)|||117,746|
||||Balance at|Balance at|||Transfer/|Balance at|
|---|---|---|---|---|---|---|---|---|
||||1|January|||Investment|31 December|
|||||2022
F|Income
F|Expenditure
E|(loss)/gain
E|2022
f|
|Balance brought
forward||||124,595|99,740|(106,629)||117,746|
|Post Colonial and Decolonial Transformations||||50|340|(204)||186|
|Race and Ethnicity||||603||||603|
|Religion||||25,857|5,695|(1,020)||30,532|
|New Materialisms||||90||||90|
|Risk||||160||||160|
|Science and Technology|||Studies|80|10|||90|
|Scottish Studies||||161||||161|
|Sexual Division|||||||||
|Slavery and modern|slavery studies||||200|||200|
|Sociology ofthe Arts||||95||||95|
|Sociology of Rights|||||||||
|Social Aspects of Death,||Dying 8|||||||
|Bereavement||||3,468|730|(199)||3,999|
|Social Network
Analysis||Study Group (SNAG)||282||||282|
|Sociology ofAlcohol||||1,667||||1,667|
|Sociology of Elites|||||200|||200|
|Sport||||1,328||||1,328|
|Social Class||||200||||200|
|Theory||||410|10|||420|
|CITIES||||78||||78|
|Violence and Society||||23||||23|
|Violence against Women||||1,546||||1,546|
|Visual Study Group||||209||||209|
|Work Employment
8|Economic Life|||366||||366|
|Youth||||1,929|468|(839)||1,558|
|Social Statistics||||200||||200|
|Weber|||||||||
|WES Conference||||24,703||||24,703|
|||||188,100|107,433|(108,891)||186,642|
|Property
fund - London||||280,643||(7,494)||273,149|
|Property
fund - Durham||||798,133||(7,400)||790,733|
|Digital content to promote|||the discipline||||40,000|40,000|
|Mapping
exercise —where|||sociologists are in HE||||30,000|30,000|
|Website and CRM systems|||development||||150,000|150,000|
|Total designated
funds|||1,266,876||107,433|(123,785)|220,000|1,470,524|
##
##
##
##
##
##
##
|Year ended 31December 2022|Unrestricted|Designated||
|---|---|---|---|
||Funds|Funds|Total|
||f|f|f|
|Tangible
fixed assets|13,357|592,600|605,957|
|Investments|968,879|475,000|1,443,879|
|Net current assets|420,687|402,924|823,611|
|Creditors due more than one year|(1,475)||(1,475)|
||1,401,448|1,470,524|2,871,972|
##
##
|Year ended 31December 2021|Year ended 31December 2021|Year ended 31December 2021|||Unrestricted|Unrestricted|Designated||
|---|---|---|---|---|---|---|---|---|
||||||Funds||Funds|Total|
|||||||f||f|
|Tangible fixed assets|||||26,265||607,493|633,758|
|Investments|||||951,811||475,000|1,426,811|
|Net current assets|||||440,207||192,252|632,459|
|Creditors
due more|than one year||||(5,796)|||(5,796)|
||||||1,412,487||1,274,745|2,687,232|
|Commitments
under operating|||leases||||||
|Lessee: Total future|minimum|lease payments||under non-cancellable|operating|leases are as follows:|||
|||||||||Other|
||||||||2022|2022|
|Not later than one year|||||||1,548||
|Later than one and|not later than five years||||||903||
||||||||2,451||
|Lessor: Total future|minimum|lease payments||under non-cancellable|operating|leases are as follows:|||
||||||||2022|2021|
||||||||f.|f|
|Not later than one year|||||||2,451|3,998|
|Later than one and|not later than five years||||||||
||||||||2,451|3,998|
##
##
##
##
|econciliation
of net i|ncome t|o net cash inflow from operating|activities||
|---|---|---|---|---|
||||2022|2021|
||||f|F|
|Net income for period|||184,738|235,268|
|Dividends
received|||(19,976)|(19,976)|
|Interest receivable|||(48)|(48)|
|Depreciation
oftangible|fixed assets||38,840|57,340|
|Profit on disposal oftangible assets|||734||
|(Gains)/losses
on investments|||(19,164)|(46,153)|
|(Increase)/decrease
in|debtors||(35,104)|129,710|
|Increase/(decrease)
in|creditors||(52,806)|(43,676)|
|Net cash flow from operating||activities|97,214|312,465|
##
|||Notes|Unrestricted|Designated||
|---|---|---|---|---|---|
||||Funds|Funds|2021|
|||||f|F|
|Income from:||||||
|Donations|||230||230|
|Charitable
activities|||287,827|28,780|316,607|
|Other trading
activities|||597,333||597,333|
|Investments|||48||48|
|Other|||31,489||31,489|
|Total income|||916,927|28,780|945,707|
|Expenditure
on:||||||
|Raising funds||||||
|Investment
management|costs||6,057||6,057|
|Other trading
activities||7.2|157,281||157,281|
|Charitable
activities||7.1|551,946|41,309|593,255|
|Total expenditure|||715,284|41,309|756,593|
|Net income/(expenditure)|before|||||
|gain/(loss} on investment|||201,643|(12,529)|189,114|
|Transfers
between
funds||18|(364)|364||
|Net gain/(losses)
on investments|||46,153||46,153|
|Net income/
(expenditure)|||247,432|(12,165)|235,267|
|Net movement
in funds|||247,432|(12,165)|235,267|
|Reconciliation
offunds:||||||
|Total funds brought
forward|||1,172,924|1,279,041|2,451,965|
|Total funds carried forward|||1,420,356|1,266,876|2,687,232|