REGIStERED COMPANY NUMBER: 04257815 (England and Wales) REGISTERED CHARITY NUMBER: 1088113 Re ort of the Trustees and Unaudited Financial Statements forthe Year Ended 30 June 2024 for SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Lee Accounting Services 2018 Limited Trading as Lee & Co 26 High Street Rickmansworth Hertford5hire WD3 IER
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Contents of the Financial Statements forthe Year Ended 30 June 2024 Page Report of the Trustees I to 6 Independent Examiner's Report Statement of Financial Activities Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 18 Detailed Statement of Financial Activities 19 to 20
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort ort of the Trustees forthe Year Ended 30 June 2024 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 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Prattice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019}. OBJEcnvES AND AcrivmES Objectives The objectives of the Charity are- "To provide relief to the inhabitants of South West Hertfordshire and its environs who have need because of age. mental or physical ill-health, impaired mobility or poverty, and in particular but not so as to limit the generality of the foregoing: a) To provide and maintain non-profit community transport services and: b) To assist the charitable work of organisations and bodies engaged in promoting the relief of such persons through the provision of appropriate services" Public benefrt The trustees have ensured that the organisation continues to meet its Objective of providing non-profit transport services to needy individuals and related communitygroups. The trustees can also confim) that they have complied with section 17 of the Charities Act 2011 by having due regard to the public benefrt the organisation provides. Page I
SW Hert5 Communi Trans ort Scheme Tradin as Roundabout Trans ort ort of the Trustees for the Year Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE Roundabout Transport has had a fantastic year of growth in all areas. Bus mileage ha5 again risen; by 19% on the previous year. July 2024 saw the most miles travelled in I month in the last 15 years and more people are getting out and enjoying the wider facilities their communities have to offer. Tight budgets and reduced spending power means member group5 are looking to use their funds wisely and we are trying to help by keeping our costs as low a5 possible. We have managed to keep our rates the same again this year, and next year we will keep our mileage cost the same and add a slight increase to our flat booking charge to £15.00. Hertfordshire County Council continues to be a major supporter in terms of funds to cover some of our operating costs. The Service Level Agreement with Three Rivers District Council has unfortunately been cancelled (in the middle of our 3 year contract) due to lack of fund at Three Rivers. We did also receive a small grant from Watford Borough Council. Our fleet of 11 Minibuses continue to serve the charity well and fulfil all requirements. Commercial Motors Watford, together with Chenies ALrtos & Heron5gate Garage keeps our fleet on the road and fully compliant to run under our section 19 permit. This year we were fortunate enough to once again collaborate with West Herts Charity Trust. Roundabout Transport will be taking possession of 2 new fully accessible 17-seater minibuses in October 2024 and will be trading 2 of our smaller buses to West Herts Charity Trust; who will help other groups with these vehicles. It is a win/win situation and we cannot thank West Herts Charity Trust enough fortheir help and support. As mentioned utilisation is increasing rapidly, and we hope that this will keep building into the coming years. The committee monitor this carefully and our efft)rts on increasing usage in the evenings and weekends are paying off. We are able to meet our availability target of 98% and facilitated 3572 journeys in 2023/24, an increase of 16% on the previous year. These figures supersede pre-pandemic numbers, and are splendid news for a small charity like RoundaboutTransport. As in previous years, our vehicles have mainly been parked at residential care homes. We are greatly indebted to Quantum Care who house 8 of our vehicles, and also Bushey Grove Leisure Centre, Christ Church School in Chorleywood and Sarratt Primary. Volunteer driver5 are the foundation on which community transport schemes survive and Roundabout is fortunate that the majority of member organisations are able to recruit such people. This year we have done 96 driving orientations for new group volunteer drivers. We are, as always, indebted to our own volunteers who drive and we should particularly mention Bob Stringer, Malcolm Morrell and Lisa Burn. In January of 2024 Andy Morrell retired and we have the pleasure of welcoming John Murphy into the role as Transport Manager. Andy worked with John on the road to get him up-to-speed on how our amazing charity works and Lisa has continued to help John grow into his position. All the trustees would like to thank Andy for everything he did for the charity overthe years and also welcome John to the fold. Lisa Burn, Andy Morrell and now John Murphy have continued to work hard to support the operation. The Accounting system remains under control and all reconciliations and reports are produced on time. Lisa has also worked closely with all our funders to maintain a good relationship with them and supply them with all necessary reports and figures they request. John covers the needs of the vehicles, the booking system and volunteer drivers. Page 2
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort ort of the Trustees for the Year Ended 30 June 2024 In past years we also maintained minibuse5 for Watford Mencap. However; this has now ceased, due to Mencap not having these vehicles anymore. If they now want to go on a group trip they use our vehicle5 a5 a member instead. FINANCIAL REVIEW Summa Operating income 15 growing once more. Mileage is increasing and journeys are up as previously mentioned, and Roundabout Transport welcomes all increases. Tight control of administration costs ensures they remain below inflation. We had a surplus before depreciation of £26,172 and therefore report a final deficit after depreciation of £5,757. Fundin The funds we receive from the various authorities are an important contribution to the financial viability of Roundabout Transport. We are grateful for the support we receive from Herts County Council, Three Rivers Distritt Council and WatFord Borough Council (W3RTI, together with the support of West Herts Charity Trust. Prices We have been able to avoid any increase in our rates during the year and are always mindful of our user's tight budgets and will help wherever possible to aid trips and alleviate social isolation by doing fixed rates for longer trips. Feedback It remains crucial that we receive feedback from our members and users to ensure that our service meets with your needs. Please continue to contact us with your comments. If you or your group would like to fill in an evaluation form, please contact Lisa in our office. Risk The continuation of proper maintenance routines and fully documented operating procedures ensures we manage the risks identified with our operation. Mencap also remain happy with the Servi Andy provides. Andy also carries out the driver training and evaluation. The Trustees continue to review the operation to ensure all potential risks are identified and managed appropriately. Reserves It is the policy of the charitable company to maintain at least six months relevant expenditure in unrestricted reserves at all time5. Page 3
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort ort of the Trustees for the Year Ended 30 June 2024 FUTURE PLANS We are very fortunate to have HCC funding secured for the next year. It will be crucial that continued efforts are made in this area, together with continued growth to ensure the future viability of our operation. We will also continue to cooperate with other community transport group5 in the county. We will maintain close control on all costs and monitor our price levels to ensure they reflect on-going costs while minimising the impact on our members and their clients. We have again been able to achieve our objective of an operating surplus in excess of financial depreciation this year, and will continue to monitor all aspects of the operation. STRUCTURE, GOVERNANCE AND MANAGEMEMr Constitution SW Herts Community Transport Scheme is registered with Companies House and with the Charity Commission. Registered Company Number 4257815 (England & Wales) Registered Charity Number 1088113 VAT The Scheme has registered with Customs and Excise for VAT IRegistered No 772 8079 951. Working Name The Scheme operates under the name of "Roundabout Tran5POrt" which has been registered with the Charity Commission. Governance Direction of the Scheme is under the control of the Executive Committee tompri5ing all trustees. The Executive Committee convenes quarterly to receive reports from staff and provide direction. We have assessed that for the financial year 2023124, the cost of governance. including executive committee meetings, AGM and audit Costs, have totalled approximately £1,384. Membership Membership has increased during the year and as of 30th June 2024 we have 623 groups enjoying full membership, a net increase of 36 groups over the year. This is again fantastic growth, and demonstrates the full need for our service. Appointment of Trustees Trustees are primarily drawn from member organisations that are best able to shape the charity so that it serves the community to the greatest benefit. A skills audit of Trustees has been undertaken and where a skill gap has been identified, individuals have been recruited and co-opted to the board in accordance with the Articles of Association. Training of Trustees In recognition of the increasing empha515 being placed on the responsibilities of the management committee, trustees can partaken in a range of training events including financial management, opportunity training for trustee recruitment seminars and formal instruction in the responsibilities of trustees. Page 4
SW Hert5 Communi Trans ort Scheme Tradin as Roundabout Trans ort ort of the Trustees for the Year Ended 30 June 2024 STRucfuRE, GOVERNANCE AND mANAGEmEr Administration Two Community Transport OfFir5, working for the Membership through the Executive Committee, administer the Scheme. Full time staff resources to meet the demands for our services have been necessary. REFERENCE AND ADMIN15fRATIVE DEfAILS Registered Company number 04257815 (England and Wales) Registered Charity number 1088113 Registered office 26 High Street Rickmansworth Hertfordshire WD3 IER Trustees Honorary Officer5: Chair Mrs Mary Mathieson croi cr02 Miss Lisa Burn Mrjohn Murphy Trustees and Members of the Executive Committee Mr Robert Broom Mrs Kathleen Green Mrs Edythe Jacobson Mrs M Mathieson Mr Robert Stringer Harrogate Club Harrogate Club Mill End Baptish Church Roundabout Transport RoundaboutTransport Independent Examiner Lee Accounting Services 2018 Limited Trading as Lee & Co 26 High Street Rickmansworth Hertfordshire WD3 IER Website Address http://www.roundabouttransport.com/ Page S
SW Herts Communi Trans ort Scheme Tradin as RoundaboutTrans ort ort of the Trustee5 for the Year Ended 30 June 2024 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on......-...................................... and signed on its behalf by.. Mr5 M Mathieson- Trustee Page 6
Inde endent Examiner's Re SW Herts Communi Trans ort to the Trustees of ort Scheme Independent examiner's report to the trustees of SW Herts Community Transport Scheme ('the Company,) I report to the charity trustee5 on my examination of the account5 of the Company for the year ended 30 June 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions gtven by the Charity Commission under Section 145(5) Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021). 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, John David Lee BA FCA Lee Accounting Services 2018 Limited Trading as Lee & Co 26 High Street Rickmansworth Hertfordshire WD3 IER Page 7
SW Herts Communi Trans ort Scheme Tradin as RoundaboutTrans ort Statement of Financial Activities for the Year Ended 30 June 2024 30.6.24 Unrestricted funds 30.6.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 82,123 161,532 Other trading activities Investment income Other income 98,998 1.860 900 88,137 725 8,644 Total 183,881 259,038 EXPENDITURE ON Raising funds 13,900 Charitable artivities Direct Charitable Expenditure 189,638 181,698 Total 189,638 195,598 NEf INCOME/IEXPENDITURE) (5.757) 63,440 RECONCILIATION OF FUNDS Total funds brought forward 308,753 245,313 TOTAL FUNDS CARRIED FORWARD 302,996 308,753 The notes form part of these financial statements Page 8
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Re istered number: 04257815 Balance Sheet 30 June 2024 30.6.24 UnrÈstrirted funds 30.6.23 Total funds Notes FIXED ASSETS Tangible assets 214,482 136,615 CURRENT ASSETS Debtors Cash at bank and in hand 41,767 122,605 15,050 157,913 164,372 172.963 CREDITORS Amounts falling due within one year io (75.858) 18251 NET CURREpifASSErs 88.514 172,138 TOTAL ASSEfs LESS CURREMf uABIL1Es 302,996 308,753 NEf ASSETS 302,996 308,753 FUNDS Unrestricted funds li 302,996 308,753 TOTAL FUNDS 302,996 308,753 The charitable company is entitled to exemption from audit under Section 477 of the Companie5 Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (al ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 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. (bl The notes form part of these financial statements Page 9 continued...
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort istered number: 04257815 Balance Sheet- continued 30 June 2024 These financial Statements have been prepared in accordan 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.. M Mathieson-Trustee The notes form part of these financial statements Page 10
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements for the Year Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparing the financial 5tstements 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 IFRS 102) (effective l January 20191,, 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. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charitie5 (Accounts and Reports) Regulations 2(K18 only to the extent required to provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities- Statement of Recommended Prartice effective from l April 2005 which has since been withdrawn. 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 expendÉture, tt 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 c05t 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. Fixtures and fitting5 Motorvehicles Computer equipment 25Yo on reducing balan 25% on reducing balan 25% on reducing balan 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 object5 of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. PaEe 11 continued...
SW Hert5 Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements- continued for the Year Ended 30 June 2024 ACCOUNTING POLICIES- continued Fund accounting Further explanation of the nature and purpose of each fund 15 included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Artivities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefrts The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financial instruments Debtors Short term debtors are measured at transaction price, less any impairment. Creditors Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans. are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Going concern The trustees consider that there are no material uncertainties about the charity'5 ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. OTHER TRADING AcfiviTIES 30.6.24 30.6.23 Operating revenue Age UK 66,456 32.542 60,567 27,570 98,998 88,137 Page 12 continued...
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements- continued forthe Year Ended 30 June 2024 INVESTMEMf INCOME 30.6.24 30.6.23 Deposit account interest 1,860 725 NEf INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/lcrediting)- 30.6.24 30.6.23 Depreciation- owned assets Other operating leases Surplus on disposal of fixed assets Independent examination services Accountancy fees 31.929 5,460 35,392 5,460 {8,3121 550 275 577 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. STAFF COSTS The average monthly number of employees duringthe year was as follow5: 30.6.24 30.6.23 No employees received emoluments in excess of £60,[. Page 13 continued...
SW Hert5 Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements- continued for the Year Ended 30 June 2024 COMPARATIVES FOR THE 5rATEmE OF FINANCIAL AcfiviTIES Unrestricted funds INCOME AND ENDowME[S FROM Donations and legacie5 161,532 Other trading activities Investment income Other income 88,137 725 8,644 Total 259,038 EXPENDITURE ON Raising funds 13,900 Charitable activities Direct Charitable Expenditure 181,698 Total 195,598 NEf INCOME 63,440 RECONCILIATION OF FUNDS Total funds brought forward 245,313 TOTAL FUNDS CARRIED FORWARD 308,753 Page 14 continued...
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements- continued for the Year Ended 30 June 2024 TANGIBLE FIXED ASS5 Fixtures and fittings Motor vehicles Computer equipment Totals cosr At l July 2023 Additions 13,642 379,268 109.446 3,475 350 396,385 109.796 At 30June 2024 13.642 488.714 3,825 506.181 DEPRECIATION At ljuly 2023 Charge for year 11.265 594 245,480 31.135 3,025 200 259,770 31.929 At 30 June 2024 11,859 276,615 3.225 291.699 NET BOOK VALUE At 30 June 2024 1,783 212.099 600 214,482 At 30 June 2023 2.377 133,788 450 136,615 DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 30.6.24 30.6.23 Trade debtors Other debtors VAT Prepayments 15.494 10,860 3,775 415 31 26,242 41,767 15,050 Page 15 continued...
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements- continued forthe Year Ended 30 June 2024 io. CREDITORS: AMou[S FALLING DUE wrrHIN ONE YEAR 30.6.24 30.6.23 Trade creditors Accrued expenses 74.993 865 825 75.858 825 ii. MOVEMENT IN FUNDS Net movement in funds At 30.6.24 At 1.7.23 Unrestrirted funds General fund Designated fund 268,753 40,000 (5.757) 262,996 40,000 308.753 (5,757) 302,996 TOTAL FUNDS 308.753 (5,757) 302,996 Net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund I8381 {189,638) 15,7571 TOTAL FUNDS 183,881 (189,638) {5,7571 Page 16 continued...
SW Herts Communi Trans ort Scheme Tradin as RoundaboutTrans ort Notes to the Financial Statements- continued forthe Year Ended 30 June 2024 ii. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 30.6.23 At 1.7.22 Unrestrirted funds General fund Designated fund 205,313 40,000 63.440 268,753 40,000 245,313 63,440 308,753 TOTAL FUNDS 245,313 63,440 308,753 Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 259,038 (195,598) 63,440 TOTAL FUNDS 259,038 1195,5981 63,440 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 30.6.24 At 1.7.22 Unrestricted funds General fund Designated fund 205,313 40,000 57,683 262,996 40,000 245,313 57,683 302,996 TOTAL FUNDS 245,313 57,683 302,996 Page 17 continued...
SW Herts Communi Trans ort Scheme Tradin as Roundabout Trans ort Notes to the Financial Statements- continued forthe Year Ended 30 June 2024 ii. 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 Resources expended Movement in funds Unrestricted funds General fund 442,919 (385,236) 57,683 TOTAL FUNDS 442,919 1385,236) 57,683 The charity has designated £40,OtM) to be spent on capital acquisitions. This fund is unrestricted. 12. RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 30 June 2024. 13. ULTIMATE CONTROLUNG PARTY The charity is underthe control of the Board of Trustees. Page 18
SW Herts Communi Trans ort Scheme Tradin s Roundabout Trans ort Detailed Statement of Financial Activities for the Year Ended 30 June 2024 30.6.24 30.6.23 INCOME AND ENDOwmErS Donations and legacies Donations Hertfordshire County Council WatFord Borough Council Three Rivers District Council 50,000 24,123 2.000 6.(X)O 96,000 57,532 2,000 6,000 82,123 161,532 Other trading activities Operating revenue Age UK 66.456 32,542 60,567 27,570 98,998 88,137 Investment income Deposit account interest 1,860 725 Other income Gain on sale of tangible fixed assets Miscellaneous income 8,312 332 900 900 8,644 Total incoming resources 183,881 259,038 EXPENDITURE Raising donations and legacies Direct costs 13,900 Support costs Management Wages Social security Pensions Rent Accountancy Carried forward 78,641 3,274 1,601 5,460 1,275 90.251 74,916 3,246 1,786 5,460 1,105 86,513 This page does not form part of the statutoryfinancial statements Page 19
SW Herts Communi Trans ort Scheme Tradin as RoundaboutTrans ort Detailed Statement of Financial Activities for the Year Ended 30June 2024 30.6.24 30.6.23 Management Brought forward Insurance Travel Telephone Postage and stationery Subscriptions Sundries Training and development Fuels and oils Vehicle maintenance Vehicle tax and insurance Othervehicle expenses Fixtures and fittings Motor vehicles Computer equipment 90,251 302 loo 698 1,442 155 926 431 19.080 25,359 17.470 1,495 594 31,135 200 86,513 263 588 1.735 230 979 19,969 19,539 15.742 748 793 34,449 150 189.638 181,698 Total resources expended 189,638 195.598 Net (expenditure)/income (5.757) 63,440 This page does not form part of the statLrtory financial statements Page 20