# **REGISTERED COMPANY NUMBER: 04022634 (England and Wales) REGISTERED CHARITY NUMBER: 1087684**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
**FOR**
## **BAGGATOR**
Lawes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU
**BAGGATOR**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5 to 6|
|**Notes to the Financial Statements**|7 to 14|
|**Detailed Statement of Financial Activities**|15 to 16|
**BAGGATOR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Baggator brings Citizen Empowerment to Easton, Bristol. Some Voices are louder because of Privilege, and other Voices need Amplification. We use Education, Skills and Fun to Amplify those Voices.
## **Significant activities**
The effects of Covid-19 continued to mark the year. Previously, we identified the risk of a catastrophic event disrupting our activities and developed the Baggator Nexus as a response. The Nexus is a loose collection of groups and agencies working together to provide short and long-term solutions.
Deploying the Baggator Nexus to respond to Covid-19 meant we continued to work closely with
" Bristol Muslim Cultural Society [BMCS]
- " Supper Supper Club
- " RADE [Residents Against Dirty Energy]
- " Plan-EL
- " Marsh Maker
- " The University of West of England
- " STEM Ambassadors
Behind the scenes, the Ideas Pool enabled the Trustees to develop rapid responses to problems and future needs. The Ideas Pool is a creative commons approach where ideas are shared and germinated in a free-form fashion that retains ownership with the group or team that initiated it. This approach minimises the risk of larger organisations taking over new initiatives and claiming credit. With little or no funding, volunteers started an additional kitchen at Newtown in June, supported by ourselves, The Salvation Army and the Trinity Tabernacle. Meanwhile, Peace of Art completed their third Mural on St Marks Road with RADE as part of Big Green Week.
Baggator's highlights during the year included
" Launching the Easton Data Garden in August to support STEM activities in the Community; " Working with RADE, Peace of Art and UWE to feature the views of young Muslim women attending the Andalusia Academy in April's Climate Change Cafe.
" Hosting Afghan Refugees via Project Omid over the December and January Holiday Period
" Supporting the establishment of Neighbourhood Forums in Easton & St Philip's Marsh.
Unfortunately, the Baggtor Nexus's highly creative and innovative cross-fertilisation between its constitutive elements did not generate the income needed to replace the losses from closing the Pickle Factory and Lock-down uncertainties.
Specific thanks should be given to the local businesses that supported the food initiatives, especially Bristol Sweet Mart and Pak Butchers, who always supplied what they were asked for. Without them and the untiring work of volunteers, the impact of hunger and desperation that followed in the wake of Covid-19 would have been so much worse for the Easton & Lawrence Hill community.
Page 1
**BAGGATOR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The charity delivers public benefit by delivering educational and leisure activities which are accessible and affordable for all young people. The Trustees have had regard to the Charity Commission's guidance on public benefit and endeavour to implement them in all the charity's work.
During the year, our activities as described below have delivered public benefit by providing activities for young people which are not only educational but also provide young people with enjoyment without recourse to alcohol, drugs and anti-social activities.
## **FINANCIAL REVIEW**
## **Financial position**
Despite extensive hard work by the Trustees, and volunteers, Baggator ended the year with a deficit and would have closed had it not been for a local pensioner who loaned us £40,000 by cashing in part of their pension to stop the closure. Debt free the slow and painful process of rebuilding the organisation began.
## **Reserves policy**
The Trustees have had to waive their normal reserves policy as there are no reserves. It is the Trustees intention to build up the reserves in future years so that they can return to the intended reserves policy target of £15,000, and or enough funds to cover three month's activities and running costs, whichever is the larger.
## **FUTURE PLANS**
Building on the foundations laid this year, the Trustees will work closely with the Baggator Nexus to enhance the educational opportunities for Young Citizens in STEM and related areas with UWE and the STEM Ambassadors.
The rise of poverty and deprivation in parts of our Community increasingly intertwines food and Young Citizen work. It is necessary to include hot food as part of our Youth Work.
Beyond the Pickle Factory, Art [through Peace of Art] and the Digital Environment intertwine with Climate Change and Air Pollution. Baggator is a critical component of developing a better and more sustainable future for Easton & Lawrence Hill that does not exclude the voiceless, as too often happens at present.
Funding and resources are scarce following Covid-19 and likely to be easier to acquire with clear links to the needs of the area.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
Trustees are recruited by networking and periodic advertisements, with the intention that the committee reflect the diversity of the local community. To ensure that users' interests are adequately represented, the Articles of Association require that at least two trustees are young people aged 18-25. New trustees are elected by the existing trustees at General Meetings. One third of existing trustees must resign at the Annual General Meeting, but may present themselves for re-election if they wish.
Page 2
**BAGGATOR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure**
The organisation is a charitable company limited by guarantee, incorporated on 27 June 2000 and registered as a charity on 25 July 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
The Trustees, who are also Directors of the Company for the purposes of company law, are responsible for overseeing the running of the charity. They also act as the key management personnel, planning and directing the activities of the charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
04022634 (England and Wales)
## **Registered Charity number**
1087684
## **Registered office**
111 C/O Raw Space 111 Gloucester Road Bristol BS7 8AT
## **Trustees**
B Yates Self Employed Promoter S L Phelps Director S J Holmes Head Teacher
## **Company Secretary**
B Yates
28/03/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... S L Phelps - Trustee
Page 3
## **BAGGATOR**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
||||||**31.3.22**|31.3.21|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||**Total**|Total|
|||funds|funds||**funds**|funds|
||Notes|£|£||**£**|£|
|**INCOME AND ENDOWMENTS FROM**|||||||
|Donations and legacies|2|**34,256**||**-**|**34,256**|43,651|
|Investment income|3|**760**||**-**|**760**|2,198|
|**Total**||**35,016**||**-**|**35,016**|45,849|
|**EXPENDITURE ON**|||||||
|Raising funds|4|**48,419**||**-**|**48,419**|12,723|
|Other||**5,753**||**-**|**5,753**|28,772|
|**Total**||**54,172**||**-**|**54,172**|41,495|
|**NET INCOME/(EXPENDITURE)**||**(19,156)**||**-**|**(19,156)**|4,354|
|**RECONCILIATION OF FUNDS**|||||||
|Total funds brought forward||**(53,159)**|**9,001**||**(44,158)**|(48,512)|
|**TOTAL FUNDS CARRIED FORWARD**||**(72,315)**|**9,001**||**(63,314)**|(44,158)|
The notes form part of these financial statements
Page 4
## **BAGGATOR**
## **BALANCE SHEET**
## **31 MARCH 2022**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
9
**2,387**
**-**
**CURRENT ASSETS**
Debtors
10
**241**
**70**
Cash at bank and in hand
**11,246**
**12,242**
**11,487**
**12,312**
**CREDITORS**
Amounts falling due within one year
11
**(37,639)**
**(3,311)**
**NET CURRENT ASSETS/(LIABILITIES)**
**(26,152)**
**9,001**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**(23,765)**
**9,001**
**CREDITORS**
Amounts falling due after more than one
year
12
**(48,550)**
**-**
**NET ASSETS**
**(72,315)**
**9,001**
**FUNDS**
14
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**31.3.22**
**Total**
**funds**
**£**
**2,387**
**311**
**23,488**
**23,799**
**(40,950)**
**(17,151)**
**(14,764)**
**(48,550)**
**(63,314)**
**(72,315)**
**9,001**
**(63,314)**|31.3.21
Total
funds
£
3,183
(165)
25,085
24,920
(27,061)
(2,141)
1,042
(45,200)
(44,158)
(53,159)
9,001
(44,158)|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
**BAGGATOR**
## **BALANCE SHEET - continued 31 MARCH 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 28/03/2023
.............................................
S L Phelps - Trustee
The notes form part of these financial statements
Page 6
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance Plant and machinery - 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**2.**
**DONATIONS AND LEGACIES**
Donations
Grants
Grants received, included in the above, are as follows:
Dance & keep fit
General
Other grants
**3.**
**INVESTMENT INCOME**
Rents received
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Support costs
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**31.3.22**
**£**
**31,288**
**2,968**
**34,256**
**31.3.22**
**£**
**-**
**2,468**
**500**
**2,968**
**31.3.22**
**£**
**760**
**31.3.22**
**£**
**32,178**
**31.3.22**
**£**
**796**|31.3.21
£
39,651
4,000|
|---|---|---|
|||43,651|
|||31.3.21
£
3,000
1,000
-
4,000
31.3.21
£
2,198
31.3.21
£
-|
|||31.3.21
£
1,061|
Page 8
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**31.3.22**|31.3.21|
|---|---|---|
|Administration|**1**|1|
No employees received emoluments in excess of £60,000.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
40,651
3,000
Investment income
2,198
-
**Total**
42,849
3,000
**EXPENDITURE ON**
Raising funds
12,723
-
Other
28,772
-
**Total**
41,495
-
**NET INCOME**
1,354
3,000
**Transfers between funds**
3,000
(3,000)
**Net movement in funds**
4,354
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
(57,513)
9,001
**TOTAL FUNDS CARRIED**
**FORWARD**
(53,159)
9,001|Total
funds
£
43,651
2,198
45,849
12,723
28,772
41,495
4,354
-
4,354
(48,512)
(44,158)|
|---|---|
Page 9
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **9. TANGIBLE FIXED ASSETS**
|Improvements
to
Plant and
property
machinery
£
£
**COST**
At 1 April 2021 and 31 March 2022
**30,614**
**13,946**
**DEPRECIATION**
At 1 April 2021
**27,919**
**13,458**
Charge for year
**674**
**122**
At 31 March 2022
**28,593**
**13,580**
**NET BOOK VALUE**
At 31 March 2022
**2,021**
**366**
At 31 March 2021
2,695
488
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.3.22**
**£**
Trade debtors
**181**
Other debtors
**130**
**311**
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.3.22**
**£**
Bank loans and overdrafts (see note 13)
**18,088**
Trade creditors
**22,142**
Accrued expenses
**720**
**40,950**|Totals
£
**44,560**
**41,377**
**796**
**42,173**
**2,387**
3,183
31.3.21
£
(295)
130
(165)
31.3.21
£
15,924
10,417
720
27,061|
|---|---|
Page 10
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**31.3.22**
**£**
Other loans (see note 13)
**48,550**
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
**31.3.22**
**£**
Amounts falling due within one year on demand:
Bank overdrafts
**18,088**
Amounts falling between one and two years:
Other loans - 1-2 years
**48,550**
**14.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.21
in funds
£
£
**Unrestricted funds**
General fund
**(59,016)**
**(19,131)**
Fixed assets
**3,183**
**-**
RADE
**159**
**(25)**
Sword APAK
**2,515**
**-**
**(53,159)**
**(19,156)**
**Restricted funds**
Big Lottery
**289**
**-**
Big Lottery - Awards for All - Earn a
bike project
**6,642**
**-**
Super Supper Club Bristol
**2,000**
**-**
Easton Voice
**40**
**-**
Plan-El
**30**
**-**
**9,001**
**-**
**TOTAL FUNDS**
**(44,158)**
**(19,156)**|31.3.21
£
45,200
31.3.21
£
15,924
45,200
At
31.3.22
£
**(78,147)**
**3,183**
**134**
**2,515**
**(72,315)**
**289**
**6,642**
**2,000**
**40**
**30**
**9,001**
**(63,314)**|
|---|---|
Page 11
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **14. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**35,016**|**(54,147)**|**(19,131)**|
|RADE|**-**|**(25)**|**(25)**|
||**35,016**|**(54,172)**|**(19,156)**|
|**TOTAL FUNDS**|**35,016**|**(54,172)**|**(19,156)**|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Fixed assets
RADE
Sword APAK
**Restricted funds**
Big Lottery
Big Lottery - Awards for All - Earn a
bike project
Super Supper Club Bristol
Easton Voice
Plan-El
Dance & Keep Fit
**TOTAL FUNDS**|Net
movement
At 1.4.20
in funds
£
£
(62,804)
2,815
2,617
(1,061)
159
(400)
2,515
-
(57,513)
1,354
289
-
6,642
-
2,000
-
40
-
30
-
-
3,000
9,001
3,000
(48,512)
4,354|Transfers
between
funds
£
973
1,627
400
-
3,000
-
-
-
-
-
(3,000)
(3,000)
-|At
31.3.21
£
(59,016)
3,183
159
2,515
(53,159)
289
6,642
2,000
40
30
-
9,001
(44,158)|
|---|---|---|---|
Page 12
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|42,849|(40,034)|2,815|
|Fixed assets|-|(1,061)|(1,061)|
|RADE|-|(400)|(400)|
||42,849|(41,495)|1,354|
|**Restricted funds**||||
|Dance & Keep Fit|3,000|-|3,000|
|**TOTAL FUNDS**|45,849|(41,495)|4,354|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Fixed assets
RADE
Sword APAK
**Restricted funds**
Big Lottery
Big Lottery - Awards for All - Earn a
bike project
Super Supper Club Bristol
Easton Voice
Plan-El
Dance & Keep Fit
**TOTAL FUNDS**|Net
movement
At 1.4.20
in funds
£
£
(62,804)
(16,316)
2,617
(1,061)
159
(425)
2,515
-
(57,513)
(17,802)
289
-
6,642
-
2,000
-
40
-
30
-
-
3,000
9,001
3,000
(48,512)
(14,802)|Transfers
between
funds
£
973
1,627
400
-
3,000
-
-
-
-
-
(3,000)
(3,000)
-|At
31.3.22
£
(78,147)
3,183
134
2,515
(72,315)
289
6,642
2,000
40
30
-
9,001
(63,314)|
|---|---|---|---|
Page 13
continued...
**BAGGATOR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **14. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|77,865|(94,181)|(16,316)|
|Fixed assets|-|(1,061)|(1,061)|
|RADE|-|(425)|(425)|
||77,865|(95,667)|(17,802)|
|**Restricted funds**||||
|Dance & Keep Fit|3,000|-|3,000|
|**TOTAL FUNDS**|80,865|(95,667)|(14,802)|
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
## **16. RESTRICTED FUNDS**
During the year the charity has had to rely on restricted funding to meet its general expenditure requirements. The trustees plan to rectify this position by undertaking additional fundraising in the future.
## **17. GOING CONCERN**
The financial statements have been prepared on a going concern basis due to the continued support of the trustees.
Page 14
## **BAGGATOR**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**FOR THE YEAR ENDED**|**31 MARCH 2022**||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**31,288**|39,651|
|Grants|**2,968**|4,000|
||**34,256**|43,651|
|**Investment income**|||
|Rents received|**760**|2,198|
|**Total incoming resources**|**35,016**|45,849|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Activity costs|**16,241**|12,723|
|**Support costs**|||
|**Management**|||
|Advertising|**37**|32|
|**Finance**|||
|Bank charges|**184**|122|
|**Information technology**|||
|Repairs and renewals|**-**|110|
|**Other**|||
|Rates and water|**12,784**|484|
|Insurance|**1,936**|1,838|
|Light and heat|**2,823**|2,860|
|Telephone|**1,046**|747|
|Postage and stationery|**3,319**|601|
|Sundries|**-**|252|
|Repairs & renewals|**5,042**|2,225|
|Staff training|**350**|-|
|Rent|**-**|12,000|
|Licences and permits|**464**|193|
|Donations|**433**|3,535|
|Subscriptions|**300**|50|
|Computer expenses|**556**|313|
|Carried forward|**29,053**|25,098|
This page does not form part of the statutory financial statements
Page 15
## **BAGGATOR**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
||31.3.22|31.3.21|
|---|---|---|
||£|£|
|**Other**|||
|Brought forward|**29,053**|25,098|
|Cleaning|**2,184**|1,629|
|Improvements to property|**674**|898|
|Plant and machinery|**122**|163|
||**32,033**|27,788|
|**Governance costs**|||
|Accountancy and legal fees|**720**|720|
|Professional fees|**4,957**|-|
||**5,677**|720|
|Total resources expended|**54,172**|41,495|
|**Net (expenditure)/income**|**(19,156)**|4,354|
This page does not form part of the statutory financial statements
Page 16