npany regTStration number: 4229818 Charity registration number: 1088973 The Campden and District Peelers Trust IA company limited by guarantee} Annual Report and Financial Statements for the Year Ended 30 June 2021 Clement Rabjohns Limited 1111113 High Street Evesham Worcestershire WR114XP
Contents Reference and Administrative Detai15 TnJ5tees' Report 2to4 Statement of Trustees. Re5ponsibilitie5 Independent Examiners Report Statement of Finanthal Attivities Balance Sheet Notes to the Finandal Statements 9t018
The camp and District Peelers Trust Referwce and Admlnlstrative Details Trustees Mr J R Ellis Mrs M E Fisher Mr G M Greenall Mr M M Lindr Mrs A B Taylor Mr P Fiell Mr C Leese Mr D Raby Old Police Station High Street Chipping Campden Gloucestershire GL55 6HB Prlnclpal Office Reqlstered Office Old Police Station High Street Chipping Carnwlen Gloucestershire GL55 6HB charity is incorFM)rated Tn England and Wale5. Company Registrati Number 4229818 Charity Registration Number 1088973 Bankers Uoyds Bank Pic 19 High Street Eve5ham Worcestershire WR114DQ COIF Charity Funds CCLA Investment Jvonagement Ltd 80 Cheapside London EC2V 6DZ Independent Examiner Clement Rabjohns LTmited 1111113 High street Eve5ham Worce5ter5hire WR114XP Page 1
The Campden and District Peelers Trust Tru5tees' Rewt The Trustees are pleased to present their report and the financial statements for the year ended 30 June 2021. Structure. Governance and Managemwt The Campden and District Peelers Trust is a CpanY limited by guarantee. incorporated on 6 June 2001. and a registered charity. registered on 19 October 2CK)1. It is govemed by its Memorandum and Articles of Association. In the event of the company beTng wound up J members are required to contribute an am(NJnt not exceeding E1 each. The Director5 of the charitable company 1.the Trt"> are its Trustees for the purposes of Charity Law and throughout thTS rewrt are collecttvely referred to a5 the Tmstees. In accordance th the Articles of Assoctation of the Trust, there must be between three and nine Trustees ill office at any one time, inclusive. Chipping Campden Town Council has the power to appoint Trustees, provided that the nufflber so appointed neither exceeds four. nor represents a majority. New Trustees are provided with copies of the Trust's objectives as well as the company's Memorandum and ArtTcles of Association and are briefed by the chaimian on the role of Directors and Trustees. No fom)al training is provided to Trustees but they are encouraged to make themselves aware of their re5FM)nsibilitie5 by attending outside courses. The Trust&s have reviewed the major risk5 to which the dMrity is exwsed and Wems have been established to mitigate any impart that tlw may have on the Tnjst in the future. The management of the Trust is undertaken by regular meetings of the Direttor5, which take place at approximately two monthly intervats. A House l•anager is engaged by the Tst and 15 responsible for the day to day management. He attends the regular Trustee meetings and reports on daily matters to the Chaimian. The objectives of the Tnjst are to promote the benefit of the inhabitants of Chipping Campden and the surrounding area by associating together the inhabitants and the l(Kal authorities. voluntary and other organisations to advance education. srKial welfare and leisure time occupations, in particular by the provisi¢M of a ciJnmunity centre. The Trust rneets thi5 objective by leastng armd managing the property known as the Old Police Station. High Street, Chipping Campden and sub-lethng to organisations providing services for the benefit of Ial residents. It also makes available offices and meeting rooms for hire to l¢xal organisatiolls. Achievements and perfwrnance Page 2
The Campdth) and District Peelers Trust Trustees. Re It is good to report that the activitie5 in the Old Police Station are becoming more nornial th the reduced Covid restrictions. The bLrilding has been fully open again, although we are maTntaining hand cleansTng and sothal distancing precautions. The e of the Court R(xJm and Meeting Room continues at a lower level than before Covid however. We w1 like to see more use of the Rooms and are considering way5 of marketing these more effertTrvely. The rental position is satisfactory, with a new tenant in the workshop on the grn floor after a long period of vacancy, vrith a number of interested start up bne$ being detred by the uncertaTnty of the Cowd situation. Conversely) we have had a Setback th the rear ground floor ri)om where long term tenant Filhol vacated abruptly in July with no notice. The company5 head office is in Ireland and efforts to secure rentab for the noti pericKI in the lease have so far had no response. We vrill the have the cost of redecorating the r(x)m, but have two posslble interests in Tt, so are hopeful of an early re-letting. Both of these events tLW)k pla after the year end. After the year end a film compary has prfyjuced a useful revenue opportunity for the Trust, as the Court Room was used to film an inquest epis(NJe. We negotiated small compensation payments for our tenants, who had to vacate the building on the day of filiming to prevent extraneou5 noise and we received double payments due to the last-minute cancellation and rearranging of the actual filming. We a now considering whetlw there are opportunites for further ¢Jse of the Court Rwm for filming. Finanaal Review The accounts for the financial year ending 30 June 2021 show net income for the year of £5,459 includTng unreali5ed income of £2,452 relating to the increase in value of our investments, giving total reserves of £27.425. Thi5 result for the year is satisfactw considering the disruption to actiVTties and revenue from Covid restrirtims. A SueY of the main rf COndted during the year vR5 more satisfactory than we reported last year and it TS likely that major repairlreplacement will not be needed for several years. Most of the Trust's funds are to be spent in short term. 50 there are no funds for long temi investments. The unre51ricted funds at 30 June 2021 were in surplus amounting to £27,425 12020 £21,966 surplus). These funds are required to continue the refu)shment and development of the property* and to continue the provision of a community facility. As at the year end, none of the unrestrirted funds have been designated for a specific purpose and are therefore available for the general purpose of the trust. The Trustees will keep the level of the unrestricted funds under review to ensure that the Tmst will be able to continue its cwrent activitie5. No designated funds were opened at the c(ffimencement of 01 during the year. There were no restrirted fd$ at 30 Je 2021. Plan5 for Future Period5 The Trust plans to continue to provide community facilTties to the inhabitants of Chipping Campden and the surrounding communities in the Old Police Station. The Trust has no current plans to acquire any other property for this pw)ose. does rnt rule out this po557bility at some time Tn the future. Page 3
The Campden and District Peeters Trust Trustees. who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report are Set out on page l. Independent Examlners Clement Rabjohns Ltd were reappointed as Indepathit Examiners to the Tnjst during the year and have expressed their willingness to continue Tn that capaaty. This report has been prepared in accordance with the Statement of RecommerKled Prartice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance vrith the Financtal Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. The annual rert was approved by the trust&5 of the charity ijn 25 November 2021 and signed on its behalf by: MrJ Trus Mrs A 8 Taylor Trustee Page 4
The Campkn and Dtstrfct Peeler5 Trust Statement of Tru5tees' Responsibilities The trustees (who are also the director5 of The camJen and District Peelers Trust for the purposes of cotnpany lawl are responsible for preparing the ttees. report and the financial statement5 in accordance with the United Kingdom Accounting Standards {Unital Kingdom GerrallY Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustee5 to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair vtew of the state of affair5 of the charitable company and of its incoming resources and application of resources, Fnclwling its income awKI expenditure, for that period. In preparing these fTnanaal statements, the tnstee5 are requtred to: select suitable accounting policies and apply them consistently* observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have beai followed, subject to any material departures discl¢)sed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inapproprTate to presume that the charitable company Mll Contin in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companys transactions and thsclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply th the Companies Act 2(. They are also responsible for safeguardlng the assets of the charitable company and hence for taking reas(ffiable steps for the prevention and detection of fraud and other irregularities. Approved by the tnJstee5 of the charity on 25 November 2021 arKt signed on its behalf by: Mr us Ellis Z Mrs A B Taylor Trustee Page 5
The CaMPdl and Dlstrict Peelers Trust Independent Examinerfs Rem to the trustees of The camp and Distrlct Peelers Trust I report to the charity trustees on my examinatlon of the acccMJnts of the charity for the year ended 30 June 2021 which are set out on pages 7 to 18. Respective responsibllltles of trustees and examlner As the charity'5 trustees of The Campden and District Peelers Trust land also its directors for the purposes of company lawl you are resFKJnsible for the preparation of the account5 in accordance vrith the reqLllrements of the Companies Art 2(Mh I'the 2(Th Art'l. Having satisfied myself that the accwnts of The camp and District Peelers Trust are not required to be audTted under Part 16 of the 2CrfJ6 Act and are eligible for independent exarTiination, I report in respett 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 carrwng out my examination I have followed the DirectTons given by the Charity Commission Uer section 1451511bl of the 2011 Act. Independent examiner'5 statement I have completed my examination. I confinn that no matters have come to my attent1017 Tn connection with the examination giving me cause to believe: 1. accounting records were not kept in res of The Campden and District Peelers Trust as reqred by section 386 of the 20(KJ Act" or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accnting reqrernents of section 396 of the 2006 Act other than any requirement that the account5 give a 't and fair which is not a matter considered as part of an indepdent examination" or 4. the accounts have t been prepared in accordance with the methods and principles of the Statement of Recommended PractTce for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland {FRS 10211. I have no concems and have come across no other matters in connection with the examinatTon to which attention 5hwld be drawn in this report in order to enable a proper understanding of the accounts to be reached. 1111113 High Street Evesham Worcestershire WR114XP 25 November 2021 Page 6
The Campda) arml District Peelers Trust Statement of Financial Artivities for the Year Ended 30 June 2021 (Including Income and ExpditUre Account and Statement of Total Recognised Gains and Losses) Unrestrirted funds Total 2021 Note Income and Endowments from: DonatIS and legacies Charitable activitie5 Investment income 20,orxJ 57.157 20,1)00 57,157 Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds 5.459 5.459 Reconciliation of funds Total fund5 brought foTrRrd Total funds carried forward 18 Unrestricted funds Total 2020 Note Income and Endowments from: DonatlOn5 and legaaes Charitable activities Investment income 18,000 59,488 18,000 59,488 Total income Expenditure on: Charitable actiwtie5 Total expthliture Net income Net movement in funds 6.703 6,703 Reconaliation of funds Total funds brought fonvard Total funds carried foD*rnrd 18 All of the chariws acknvities derive fr continuing operations duriro the above two petiods. The fund5 breakdown for 2020 is shown in note 18. The notes on pages 9 to 18 fonn an integral part of these financial Stateents. Page 7
The Campden and District Peelers Trust (Registration number: 4229818) Balance Sheet as at 30 June 2021 2021 2020 Note Ffxed assets Tangible assets Investments 13 14 7.679 3.438 Current assets Debtors Cash at bank and in hand 15 16 16,523 15,111 30.737 35,056 Creditors: Amounts falling due within one year 17 Net current assets Net assets Funds of the charity: Unrestrirted income fund5 Unrestricted funds Total funds 18 For the financial year cdIng 30 June 2021 the charity was entitled to exetnption from audit under section 477 of the Companies Act 2C(16 relating to ynall companies. Dirertors. resw>nsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordatice with 5ettion 476" and The directors acknowledge their responsibilities for complwng with the requirements of the Act th respect to accounting record5 and the preparation of accounts. These accounts have been prepared in accdance vth the provisions applicable to companies subject to the small companies regime. The financial statements on page5 7 to 18 were approved by the trustees, and authorised for issue on 25 November 2021 and signed on their behalf by. MrJ Trus is The notes on pages 9 to 18 form an integral part of these financial 5L3tements. Page 8
The Campkn and District Peelers Trurt Notes to the Flnancial Statements for the Year Ended 30 June 2021 1 Charlty status The charity is limited by guarantee. incorporated in England and Wales, and cry15equently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: Old Police Station High Street Chipping Campden Gloucestershire GL55 6HB The principal place of busines5 1S: Old Police Station High Street Chipping Campden Glouceslershire GL55 6HB These financial statements were authorised for issue by the trustees on 25 November 2021. 2 Accounting policies Summary of significant actountfng licIeS and key aCtntIng estimates The principal accounting policies applied in the preparatIC of these financial statements are Set out below. These policie5 have teen C(lstent[Y applied to all the year5 presented, unless othenvise stated. Statement of compliance The finanaal statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 2015} - Icharities SORP IFRS 10211. the Flnanaal Reporting Standard applicable Tn the UK and Republic of Ireland IFRS 102). also comply with the Companies Act 2006 and Chantles Act 2011. Basi5 of preparatson The Campden and District Peelers Trust meets the definition of a public benefit entity under FRS 102. Asset5 and liabilities are initially recognised at historical cost or transartion value unless othemise stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charitys ability to continue as a going concem nor any Significant areas of uncertainty that affect the carrying value of assets held by the charrty. Exemptil from preparlng a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 Febnory 2016 and have therefore not included a cash flow statement in these financial statements. Page 9
The Campden and Di5trirt Peeler5 Trust Notes to the Flnanclal Statements fw the Year Ended 30 June 2021 Income and endowments All income is recognised once the charity has entitlement to the income, it TS probable that the income will be received and the amrxjnt of the income receivable can be measured reliably. Grants recelvable Grants are recognised when the charity ha5 an entitlement to the fdS and any condit10115 linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and indthjed on the balance sheet as deferred income to be released. Expendlture All expenditure is recognised once there is a legal or constnKtive obligation to that expw)diture. it is probable settle¥nt is required and the amount can be meawred reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs all¢xated on the basis of time spent, and depreciation charges allocated on the p)ttion of the asset's use. Other support costs are allocated based on the spread of staff costs. CIM7ritable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It incIe$ both costs that can be allocated directly to sh activities and those costs of an indirect nature rece55ary to support them. Governance costs These include the costs attrItable to the charitys compliance with constitutional and Statutory requirements. including audit, strategic management arnl tnjstees's meetings and reTmbursed expenses. Government grants Government grants are recognised based on the accnjal mLMJei and are meawred at the fair value of the asset received or receivable. Grants are classified as relating either to ievenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to a55ets are recognised over the expected useful life of the asset. Where part of a grant relating to an a55et is deferred, it is recognised as deferred income. Taxation The charity is considered to Pa55 the tests set out in Paragraph 1 Schedule 6 of the Finance Art 2010 arK1 therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is pot£tIallY exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sechon 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusFvely to charitable pur[M. Depreclatlon and amort15atlon Depreciation 15 provided on tangible fixed assets so as to vlte off the cost or valuation, less any estimated residual value. over their expected useful economic life a5 follows: Asset class Furniture and equipment Depreciation meth¢xl and rate 6 year straight line Page 10
The Campkn and Dlstrlct Peeler5 Trust Motes to the Financial Statements for the Year Ended 30 June Z021 Fixed asset investments Fixed asset investments, other than programme related investments, are induded at market value at the balance sheet date. Realised gain5 and losses on investments are calculated as the difference between sales proceeds and their market Val at the start of the year, or their subsequent cost. and are tharged or credited to the statet of Financial Artivities in the period of disposal. Unrealised gains and Losses represent the movement in Maet value5 during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. Trade debtors Trade debtors are amounts due from cu5tomer5 for MerChaliSe sold or seNices performed in the ordinary course of business. Trade debtor5 are recognised initially at the tranSart1 price. They are subsequently measured at amortised cost using the effertive interest method, less provision for impairmer)t. A provision for the impairment of trdde debtors is established when there is objective evidence that the charity will not be able to collett all amounts due accor(ling to the original terms of the receivables. Cash and cash equivalent5 Cash and cash equivalents comprise cash on hand and call deFN)sits. and other short-term highly IiquTd investments that are readily convertible to a known am(MJnt of cash and are subject to an insignificant risk of change in Yalue. Trade credltors Trade creditors are obligations to pay for gocth or services that have tb acquired in the ordinary course of business from supplier5. Accounts payable are dassified a5 current ITabil7ties if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there 15 an unconditional right to defef settlement for at least twelve mi)nths after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Page11
The Campda) and Dlstrirt Peelers Trust Notes to the Financial Statements for the Year Ended 30 June 2021 Foreign exchange Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary a55ets and liabilities dinated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the baianTr sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are retx)rted in other comprehensive income and accumulated in equity (attributed to non-controLling interests a5 appropriatel. Other exchange differences are recoynised in the Statement of Financial Actiwties in the period in which they arise except for: 1 } exchange differences on transartions entered Into to hedge certain foreign currency risk5 (see above); 21 exchange differences arising on gains or losses on non-monetary item5 which are recognised in other comprehensive inc(¥ne' and 31 in the case of the consolidated financial statements. exchange differee$ on monetary items receivable from or payable to a foreign operation for whith settlement is neither planned nor likely to occur (therefore forniing part of the net investment in the foreign operation), which are recognised in other comprehensive incrMne and reported under equity. Fund structure Unrestricted income funds are gleral funds that are available foi use at the tru5tees's discretion in furtherance of the objectives of the charity. 3 InCe from donatlons and legacies Unre5trirted funds General Total fund5 Grant5, including capital grants" Government grants Total for 2021 Total for 2020 Page 12
The Campden and Distrlct Peelers Trust Notes to the Financial Statements for the Year Ended 30 June 2021 Grant income has been deferred in order to reci)gnise the income in the period to vthich It relates to. In the current year. deferred income amwnts to E15,(KKI 12020 - £15,LXK)l. During the current year. grant income of £15,O¢XI (2020 - £15,1)X)I has been released from the previous period. 4 Income from charitable activities UnrestrScted fund5 General Total funds Letting and associated incowne Total for 2021 Total for 2020 5 Investment income Unrestrided funds General Total funds Other income from fixed asset itbvestrnents Other investment income 2,969 2,969 Total for 2021 Total for 2020 6 Expenditure on charitable artivits Unrestricted fund5 General Total funds Note Premises running expense5 Depreaation of tangible fixed assets Governance costs 71,147 1.434 71.147 1,434 Total for 2021 Total for 2020 Page13
The Campden and Distritt Peelers Trust Notes to the Financial Statements for the Year Ended 30 June 2021 Total expendTture In addition to the expenditure anaLd at#)ve. there are also governance costs of £2.087 (2020 - £2,2831 which relate dtrectly to charitable activlties. See note 7 for further detaits. 7 Analysfs of governance and suppNt Costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the linancial statements Other governance costs 87 87 Totsl for 2021 Total for 2020 8 Net incomingloutgoing resrceS Net incorning resrceS for the year indude: 2021 2020 Depreciation of fixed assets 448 9 Trustee5 remuneratlon and expense5 No trustees, nor any persons cijnnected with them, have received any remuneration from the charity during the year. No trustee5 have received any reimbursed expenses or any other benefits frn the charity during the year. 10 Staff costs The monthly average number of persorts linciwling senior management team) employed by the charity during the year expressed as full tiwne equivalents was as follow5= 2021- 912020 - 91 No employee receTvetJ emotuments of more than £60,CKKI during the year. Page 14
The Campkn and District Peelers Trust Motes to the Financial Statements for the Year Ended 30 June 2021 11 Independent examinerf5 remuneratlon 2021 2020 Examination of the financial Statments Page15
The Campden and District Peelers Trust Notes to the Finantial Staternents for the Year Ended 30 June 2021 12 Taxatlon The charity is a registered charity and is therefore exempt from taxation. 13 Tanglble fixed assets Furniture and equipment Total Cost At 1 July 2020 Additions 72.446 At 30 June 2021 Depredatlon At 1 July 2020 Charge for the year 69,1 69.009 At 30 June 2021 Net book value At 30 June 2021 At 30 June 2020 14 Fixed asset investments 2021 2020 Other Investments Page 16
The Campden and Di5trirt Peelers Trust Notes to the Financial StatemeTrts for the Year Ended 30 June 2021 other investments Llsted Investments Totsl C05t or Valuation At 1 July 2020 Revaluation 16,518 16,518 At 30 June 2021 Net book value At 30 June 2021 At 30 June 2020 15 Debt{5 2021 2020 Trade debtOT5 Prepayments 8,795 5,656 16 Cash and cash equivalents 2021 2020 Cash at bank 17 Creditors: amounts falling due wfthln one year 2021 2020 Trade creditor5 Other creditors 10.672 10,862 18 Funds Balance at 1 July 2020 IrKoming resirceS Resources expended Balance at 30 June 2021 Unrestricted funds General 80 127 Page 17
The Campth and District Peelers Trust Notes to the Flnancial Statements for the Year Ended 30 June 2021 Balance at 1 July 2019 Incoming resources Res(rCeS expended Balance at 30 June 2020 Unrestricted funds General 19 Analysis of net a55ets between fvnds Unrestricted Total fund5 at fund5 30 June General 2021 Tangible fixed assets Fixed asset investments Current assets Current liabilities 7,679 18,969 30,731 7.679 18,969 30,731 Total net assets Unre5trirted Total funds at fund5 30 June General 2020 Tangible fixed assets Fixed a55et investments 3,438 16,518 35.056 3,438 16.518 35,056 Current assets Current liabilities Total net assets Page 18
The CampdeTr and District Peelers Trust Detalled Statement of Flnancial Activityes for the Year Ended 30 Junp 7021 Total 2021 Total 2020 Income and Eftdovents from: Donations and legacies lanalysed beiv+V) Charitable activities {anald below) Investment income {analysed below} Total income 20,( 57,157 18,000 59,488 ExpendTture on.. Charitable activitie5 lanalysed below) Total expen(liture Net income Net movement in fwKts 5,459 6.703 Reconciliatlon of funds Total funds brought forward Total funds carried forward ThTS page does rt fom] part of the statuW financial statements. Page 19
The Campden and District Peelers Trust Detailed Statement of Financlal Actfvities fw the Year Ended 30 June 2021 Total 2021 Total 2020 Donations and legacies Chipping Campden Town Council Charitable actiVFties Letting and asxtiated income Investment income Income from listed investments Revaluation gaTn/llossl on ITSted investmerrts Investment income 517 2.452 507 453 51 Charitdble activities Premises runnTng expenses Bad debts and prowsion for bad debts Depreciation of fixtures arKI fittTngs Independent examinerfs fee Bank charges and Interest (71,1471 169,0981 33 14481 {2,0801 203 {1,4341 12,CKX)) 87 This page does not form part of the statutory financial statemertts. Page 20