REGISTERED COMPANY NUMBER: 04266500 {England and Wales) REGISTERED CHARITY NUMBER: 1089471 ort of the Trustees and Financial Statements For The Year Ended 31)th Se tember 2024 for m Blake Hous Acom an limited b Northan uarantee Cheney & CD Sl8tutory Auditor 310 Wellingborough Road Northampton NN14EP William Blake House Northants Acom an limited b uarantee Contents of the Finan¢ial Statements For The Year Ended 30th Se tember 2024 Page Report of the Trustees Report of the Independent Auditors 6 to 11 Statement of Financial Activities 12 Balance Sheet 13 Cash Flow Ststement 14 Notes to the Financlal Statements 15 to 25 Detailed Statement of Financial Activities 26 to 27 William Blake House Northants Acom an limited b uarantee ort of the Trustees For The Year Ended 30th Se tember 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 30th September 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reportrng Stsndard applicable in the UK and Republic of Ireland IFRS 102) {effecttve 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objectives and principle activities of the charity are the advancement of education and the promotion of weSfare for the public benefit by the establishment and maintenance of communities in accordance with the general principles of Rudolf Steiner in particular for people who a￿ physically. mentally or emotionally challenging. The charity has had regard to Charity Commission Guidance on public benefit. The Strategies employed to achieve the charitys objectives are to offer education, instruction guidance. therapy or care as appropriate in order to develop those in need of their educational, crealive, recreational, employment and social skills and so enabling them lo lead a rewarding life within society at large. Professional therapists are engaged by the charity to ensure the strategies are implemented successfully. We have referred to Ihe guidance contained in the charity commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The charity is also involved in the Community and is dependent on voluntary help. The trustees would like to take this opportunity to say how much Ihey appreciate the volunteers Gontinuing and valuable support. Page 1 William Blake House Northants Acom an limited b uarantee Re ort of the Trustses ForThe Year Ended 30th Se tember 2024 STRATEGIC REPORT Achievement and perforniance Charitable activities The trustees feel that the items below reflect the significant achievements for thi5 financial ye8r. Residential Care During the past 12 months, the Charity continued to prowde a caring communty environment for people wth disabilities. We moved to an electronic note system within the care homes. There are four residential care homes located in pleasant rural settings and the households are an integral part of village life. Day Care The Charity also provided day care services frjr people with leaming dtfficulties, via the County Centre, based in Northarnpton. This urban farm provided a range of indoor and outdoor activities, with more attendees enjoying animal therapies (nurturing ponies, goats, chickens} as well as horticultural activities with access to green houses and poly lunn81s. Voluntser and Staff Training The Charity continues with tts stsff training programme to ensure stsndards remained as high as possible. Refurbishment Programme The Charity has maintained the care home environment to a high standard. Community Activitie5 The charity has a full range of person-cenlred activities for the people it supports. Holidays The rèsidents were able to benefit from an annual holiday. Advocacy We have continued to use independent advocacy services to support the people vtho use our seNice. Voluntsers The Charity continues to benefit from the seNice of several volunteers to provide valuable support to all four care homes. Therapists The Charity continues to benefft from the professional support of independent therapists. Festivals The Charity celebrated a variety of feslivals with our residents inciuding, Harvest, Easter and Christmas. We also cèlèbrale multi-denominational festivals that reflect our organisalion's diversity. Page 2 William Blake House Northants Acom limited uarantee Re ort of the Trustees For The Year Ended 30th Se mber 2024 STRATEGIC REPORT Financial review Financial position The financial position of William Blake House Northants (hereinafter refe￿ed to as WBH) as of 30th September 2024 is challenging because of a deficlt for the 12 months of £148,902 The Balance sheet as of 30th September 2024 is showing net current liabilities of £463,719. As of 30th September 2024, the amount owtng lo H M Revenue & Customs for PAYE and National Insur2nce was £1,429,981 (30th Seplember 2023= £865,793. H M Revenue & Customs have been very helpful and understanding of the financial challenge facing the charity, especially during the Covid emergency {2020-22>. Based on the latest information available as of 25th June 2025 £1,544,823 including interest and penalties of £188,704 is owed to HMRC. The Charrty has communicated tls resumption of PAYE payments The Charity Trustees have a plan lo resolve the situation, by engaging William Blake House in a joint venture with a land development company, leading to the settlemènt of PAYE liabilities lo HMRG in the near-temi. The cost of agency stsff and care workers of £266,384 {30th September 2023: £251,712>. has continued to remain high since the Govid ernergency. As a result. WBH has no Choi￿ other than to continue to pay these agency costs to remain compliant with Care Quality Commission {CQC> regulations. Unfortunately, none of these exceptional cosls are recoverable. The Charity has also focused on a strategic project to develop fiJture income streams from its Steiner ethos. This projéct which is lo launch in 2025 with educational online courses and seminars, has been developed by the CEO in collaboration with the Chair of Trustees and his consulting company. The anticipated retum on expenditure of £649.38Q as of 30th September 2024 (30th September 2023 £425,115) is forecast to be wthin three years, with positive revenue generation rnoving forwards from the date of the websites going INe which is anticipated to be in 2025. In collaboration w(th a land developer a planning appli¢ation has been submitted with West Northamptonshire Council IWNC) for the re-development of Ihe Charily's Day Care Centre. to enable the building of a new Community Hub and new homes for people with leaming disabilities. An independent valuation of the land is £1,850,000, subject to planning being granted. Thereafter, the sale and lease back of the land will enable the settlement of HMRC liabilities. Principal funding sources The principal funding sources are: 1. Residential Care fees -paid by local authorTties , NHS care commissioning groups and parents of residents in the charills 4 care homes.This amounted to £3.46 million in the year to 30th September 2024 ( £3.02 million for the year ended 30th September 2023). 2. Day eare fees of £219,678 for the year to 30th September 2024 ( £190,816 for the year ended 30th September 2023). These are paid by local authorities and by parents. Investment policy and objectives Under the Memorandum and Articles of Assouation, the chartty has the power to make investments a5 the truste8s se@ Reserves policy The objective of the Tru5tee5' Reserves policy is to ensure the provision of adequate caprtal resources. The policy adopted to achieve Ihis is to build up the Nel Current Assets proportion of the Unrestricted Income Fund to a minimum level equivalent to months, value of the budgeted running Costs for Ihe ensuing year. This policy has not been adhered to this period because of reasons disclosed in other section5 of this report. The trustees are currently looking al ways that this can be done. Currently the reseNe policy is in deficit and the tTUStees are hoping that the fee uplifts being negotiated with Ihe various local authorities and the investment in Ihe strategy work will conts.nue to reduce the deficit and enable a position to retum. Going concern There is a substantial debt owed to the HM Revenue & Customs of £1,544.823 at 25th June 2025. At the date of this report H M Revenue & Customs have accepted a proposal for settlement of the liability wa a sale and leaseback arrangement of the Charity's land asset. Page 3 William Blake House Northants Acom an limited b uarantee ort of the Trustees For The Year Ended 30th Se tember 2024 STRATEGIC REPORT Future plans Despite the challenges of Ihe past 12 months, Ihe charity continued with its future plan5". To continue to negotiate with Local Authorities for appropriate fee levels. The Charity wishes to develop and up9rade the Country Centre to 1￿c￿aSe capacity and income in fvture. The Chartty continues to ensure our care homes are well-maintained in appearan￿ within our rural village communities. The Charity will continue to explore opportunities for fundraising. The Charity continues to explore and invest in a stratègic programme to develop new educational courses and seminars, relating to the Charitys Rudolf Steiner ethos. as sources of additional income for the organi5ation The Charity will further promote its serVi￿S online and via social media. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is govemed by ils Memorandum and Articles of Association, and constitutès a private limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appolntment of new trustees The directors of the charitable company are also Irustees for the purposes of charity law and throughout this report are collectively referred to as trustees. M8mbers attending annual general meetings elect trustees. The Trustees, when complete consist of at least three and not more than eight individuals, all of whom musl be members. One third lor the nearest number to one third) must relire and, if eligible, offer themselves for re-election at the annual general meeting. Those longest in service retire first and the choice between any of equal service being made by drawing lots. The trustees may at any time C¢>opI any person duly qualified lo be appointed as a truslee to fill a vacancy in their number or as an additional Irustee, but GO-OPted trustee holds office only until the next annual general meeting when they rnust seek re-election. Organisational structure There are currently 3 Truslees, and they meet at least quartedy to adrninisler the Charity. The Chief Executive Officer Is supported by a management leadership team. Extemal consultsnts assist when required with some specialised activities for the Charity. Induction and training of new trustees The current trustees are familiar wth Ihe practical work of the Charity and Ihe content of the Memorandum and Articles of Association. Truslees are encouraged to attend appropriale external training events where these facilitate the undertaking of their role. Key management remuneration Any senior and key personnel pay alterations are discussed by the Irustees after taking due consideration of Ihe sectols market conditions and other factors such as advancement in training, experience and responsibility. Related parttes The charity's related parties are the trustees and their families. Risk management The Trustees have a duty to assess the rtsks to which the charity may be exposed and to put into pla￿ such systems and processes as may be necessary to prevent fraud perpetrated against the charity, with a consequential loss of income or assets or incurring of expenditure and liabiltties, and to ensure thal the financial slatements are free from material fraud and error. The trustees are also responsible for the implementation and conlinual monitoring of those systems and processes and compliance with the laws and regulations applicable to the charity. REFERENCE AND ADMINISTRATr￿ DETAILS Registered Company number 04266500 (England and Wales) Registered Charity number 1089471 Page 4 Williarn Blake House Northants Acom an limited b uarantee Re ort of the Trustees For The Year Ended 30th Se tember 2024 Registered office 2 High Street 812kesley Towcester Northamptonshire NN12 8RE Trustees Mrs P J Jenner Director {resigned 21.4.2024) B Hamid Chairman and Director l J Hiscock Consultsnt and Director (resigned 4.4.2025) P Allen (appointed 21.4.2025) S Shinn (appointed 4.4.2025} Company Secretsry Mrs J A Other Audltors Cheney & Co Statutory Auditor 310 Wellingborough Road Northampton NN14EP EVENTS SINCE THE END OF THE YEAR Information rèlating to events since the end of the year is given in the notes lo the financial statem8nts. STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also the directors of William Blake House Northants for the purposes of company law) are responsible lor preparing ihe Report of the Trustees and the financial statements in accordance with applicable law and Unitèd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice>. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees arè required to select suitable accounting policies and then apply them consistently., obsetve the methods and principles in the Charity SORP. make judgements and eslimales thal are reasonable and prudent., state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements.. prepare Ihe financial statements on the going concem basis unless tt is inappropriate to presume that the charitable company will continue in business. The trustées are responsible for keeping proper accounting records which disclose wÈth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charttable company and hence for taking reasonable steps for the prevention and detection of fraud and other [￿egular1ties. In so far as the trustees are aware.. there is no relevant audit information of which the charitsble company's audttors are un8ware-, and the trustees have taken all steps that they ought lo have laken to make themselves aware of any relevant audit information and to establish thal the auditors are aware of that infomiation_ Report of Ihe trustees. incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 25th June 2025 and signed on the board's behalf by-. B Hamid- Trustee Page 5 Re ort of the Inde endent Auditors to thè mernbe￿ of illiam Blake House Northants Opinion DisGlaimèr of opinion We were engaged to audit the financial statements of William Blake House Northants ( A company limited by guarantee) < the comp8ny} for the year ended 30th September 2024 which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significanl accounting policies_ The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards ( United Kingdom Generally AC￿pted Accounting Practice). We do not express an opinion on the accompanying financial statements of the company. Because of the signrficance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audil evidence to provide a basis for an audit opinion on these financial Statements. Page 6 ort of the Inde endent Auditors to the Members of Illiam Blake House Northants Basis for disclaimer of opinion In the auditors, opinion the company is not a going ttjncem because on 22nd January 2025 HM Revenue & Customs commenced legal proceedings in the High Court to recover a debt due amounting to appr0￿m8telY £1.5million The company's legal representatives presented paperwork lo the court which resulled in the judge granting a 12 week adjournment, to which further adjournment have also been applied for and obtsined, subject to the planning being heard, which the company hope to use to upgrade the existing local authority pr&pl8nning consent so that fijll planning consent can be obtained so thal the development of the company's land can go ahead. We have seen correspondence between the company and a potential developer. who has shown an interest in acquiring the land once planning is granted. Extemal property valuers, Fisher Gemian, have ststed that a developer could. in this instance. pay approximately £ 1.85 million for the land. Other issues which gave rise to a disclairner of opinion for both the year to 30th September 2024 (and also the previous accounting year ended to 30th September 2023), to which wè wish to draw the readerfs attention. are as follows=_ PAYEINIC debt of £1,393,485 at 30th September 2024 (30th Septernber 2023: £865,973 owing to HM Revenue & Customs. The company has not paid its monthly PAYE & National Insurance liabilities when due but has allowed the debt to build up to approximately 21 months, worth at the year ended thè 30th Seplember 2024. HMRC were in communication with the company about this matter. Since the year end the liability as at 25th June 2025 has risen lo £1,544,823 including interest which represents approximately 27 monlhs. Strategy costs debtor £649,380 at 30th Septsmber 2024 (30th September 2023: £425.115) These have been recognised as a debtor in the financial slatements, due from the charity Sleiner Friends Limited . The stralegy costs were invoiced by a company owned and controlled by the chaimian of William Blake House Limited. The board approved this arrangement and is aware of it. The purpose of the strategy costs was. inter alia, to develop educational malertals and seminars based on the Rudolf Sleiner Ethos and Philosophy. The digital educational materials on the web-based platform have not gone Itve on the Intemet at the date of this report. The consultancy agreement ￿lating to the development of the strategy. which was signed by William Blake House Northants and Van Kruger Consulting Limited on 22nd November 2017, cross-refers to a project detail form relating to a ten-year stratègy be￿eeft 2017 and 2027. During a meeting of the trustees on 23rd October 2024, the Board agreed thal the cosls incurred in the development of the strategy should be re¢harged to Steiner Frfends Limlled once the project is complete. Following the trustees, meeting, the costs incurred have been recognised as belonging to Sleiner Friends Limited. Therefore, Ihe debtor has been included in these financial statements at the balance sheel date. Since there were no repayments of these debts at the date of this report, we believe that this debtor should be classified as being due after more than one year. The Chaiman has provided an initial estimate of what he believes the project could generate in the first three years of going live. However. as the project isn't live, we are unable to comment on the viability of the projections provided. Valuation of the freehold land & buildings The financial statements show the value of the land and buildings as delemiined by professional valuers Fisher Gemian, and incorporated in the year ended 31 March 2020 slatutory financial statements in the sum of £575.000, which is a market valuation if the land was put up for sale at that time. On 4th June 2025, valuers Fisher German prepared a valuation which showed the same stte worth £250,000 for existing use basis but a valuation of £1,850,000 once the Planning consenl for Ihe development has been granted. A pre application has been approved with minor amendments. and at the date of this report the full application has been lodged and 15 due to be decided upon wthin the next few weeks. The Trustees requested the ortginal valuation of £575,000 be relained as this valuation was provided as Ihere would a￿yS be some hope value associated wilh any sale, ar)d given the planning application process, it is likely that an in use valuation would be more than achievable on a sale prior lo the issue of the planning consent. We wish to draw the attention of the readers of this report to Ihe possibility that an impairment write-down of £325,000 may be appropriate. leading to a further worsening of the companls results for the period by a figure of £325,000. Page 7 ort of the Inde èndent Auditors to the Members of William Blak House Northan Consequential adjustments required to figures in the financial ststsments rf the company provès not to be a going concern: 11) The leasehold improvements and propety improvements included in tangible fixed assets of nèt book value £43,578 {30th September 2023.. £93,456) may be worthless as they are integral features and decorations relating to properh.es rented by the company and not owned by L The same moht apply to the fixtures wlh a net book value of £23,860 (30th September 2023..£39,285> 121 The 8uditors believe that Trade Debtors of ￿.476 are iTheo)verable as they were still ouistanding at the date of this reporL 13) At present. Steiner Friends knmited is not in a posrtion to repay the Strategy costs debtor of £649,380 if the debt was called in. However, the tnJstees believe Steiner Friends could generate income over a period of time to repay an amount of the debt once the project is operational. Along wrth this. rf prepared on a breakup basis, there may be a potential sale value of the project on an open markeL We do not have the expertj.se to say what that value might be,. we just know that the￿ is a possibility it has a value. If these accounts were prepa￿j on a breakup basis, a provision for this amount might need to be provided. {4} The land and buildings are only worth £250,CQO on an existing use basis". however, if Prepared on a break-up basis, a valuation could be obtained to show the value that would be recover&J rf the land and buildings were put on the open market. Conclusions relating to going concern The reader's attenb'on is referred to the basis for disdaimer of opinion paragraph above. We have been provided with a profit and loss forecast whith does show that in the calendar year of 2026 the company will start making a profft on a monthly basis. This is supported by the October 2024 to L}e￿mber 2024 management accounts seen at the dale of this report also ￿'ng profitsble. The company's ability to setue the OLrtstsnding liabil￿e$ ￿th HMRC is solety dependent on the grant of planning pemlssion and the subsequent sale of land for the projected value as Indithd by Fisher German. Other Infom)afjon Opinions on other matter5 prescribed by the Companies Act 2006 NO￿lth$￿nding our disdaimer of opinion on the financial ststements, based on the work undertaken in th8 cours8 of the audttr. - the infomatlon given in the Report of ts Trustees for the finanri81 year for whith the finana81 statements are prepared is consistent with the finanaal stslements; and - th& Report of the Trustees has been prepared in accordan￿ w*th applicable legal requirements. Matters on vthich we are requirod to rnport by exception NO￿lt￿Standing our disclaimer of an opinion on the financial statsnents. in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit performed subject to the disclaimer of opinion descTib8d above, wé have not identified matsrial misststements in the Report ofthe Trustees.. Arising ftom the disclaimer of opinion referred lo above.. -we have nol obtsined all the infomation and explanations that we have consMJered necessary for the purpose of our 8udtL and -we were unable to deternine whether adequate accounting records have been kept We have nothing to report in resFec* of the following matters in relatwjn to whith the Companies Act 2006 requires us to report to you. if, in our opinion.. -rebJrns adequate ft)r our audit have not been re￿iVed from branches not visrted by us '.or -the financial statsments are not in agreementwilh the accounting records or rettjms," or (336,890) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 1.10.22 At 30.9.24 Unrestricted funds General fund 691,300 {485.792) 205,508 TOTAL FUNDS 691,300 {485,792) 205,508 Page 23 continued... William Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 20. 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 Gèneral fvnd 6,915,859 (7.401.651) (485,7g2) TOTAL FUNDS 6,915,859 (7,401,651) 1485,792) 21. RELATED PARTY DISCLOSURES One of Ihe trustees is the director of a company, Van Kruger Consulting Limited, which supplied consultancy services, including recharged expenses which are reflecled in the Statement of Financial Activities as follows 2024 2023 Consultancy F88s -included in professional fees. 55.328 53,733 strategy Fees re Steiner Friends Project and future strategy for William Blake House Northants Cosls and carried loward in debtors al the period end.(see Debtors Note) 224,265 166,735 Amortisation of capitslised stralegy costs 5,895 22. POST BALANCE SHEET EVENTS At a board meeting held on the 23rd October 2024, it wa$ agreed that the Strategy Costs incurred in development of commercial se￿iCe$ aligned to the Rudoff Steiner principles will be invoiced to Steiner Friends Registered Charity Number 107178, the Trustees of which are Ihe same as for William Blake House Northants. These costs would then be repaid from the income stream that this strategy will create. There has been no invoicing adjuslments included in these financial slatements as the decision was taken after the end of the accounting period. 23. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for tha reporting period las per the Staternent of Financial Activities) Adjustments for: Deprecialion charges Loss on disposal offixed assets Interest paid InGrease in debtors Increase in creditor5 (148,902) (336,890) 75,652 12,589 7.021 1424,729) 512,682 91,823 47,350 (58,813) 402,349 Net cash provided by operations 34,313 145.819 24. ANALYSIS OF CHANGES IN NET FUNDS At 1.10.23 Cash flow At 30.9.24 Net cash Cash at bank and in hand 100,376 {751) 99,625 100.376 {751) 99,625 Page 24 continued... William Blake House Northants Acom an litnited b uarantee Notes to the Financial Ststements- continued For The Year Ended 30th Se tember 2024 24. ANALYSIS OF CHANGES IN NET FUNDS _ Continued Debt Debts falling due within 1 year Debts falling due after 1 year (8,333) (24,855) {8,333} {14,855} 10,000 (33,188) 10,000 (23,1881 Totsl 67,188 9,249 76,437 Page 25 Iwilliam Blake House Northants Acom an limited b uarantee Detailed Statement of Financial Activities ForThe Year Ended 30th SÈ tember 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 3,045 5,336 Charitable activities Residential care fees 3.464,805 3,017,905 Other income Day Centre fees & Other Income 231,309 193,459 Total incoming resources 3.699.159 3,216,700 EXPENDITURE Charitsble activltles Employer pènsion costs Seniors salary Seniors salary (NIC) Care stsff salary Care staff salary (NIC) Health insurance Agency staff and care workers Volunteer allowance & expenses Supe￿i$l0n Therapists & Doctors Medical Nutrition Motor and other travel Community outings & activtlies Professional fees Sundry 63,880 263,021 28,172 1,768,051 159,892 1,115 266,384 16,073 3,104 18,080 12,286 95,730 83,179 29.036 103,413 254 80,780 272,896 29,063 1,594,913 143,423 251,712 14,227 5,3e3 16,318 20,611 92,570 92,548 27,578 74,756 428 2,911,670 2,697,186 other Charitable donations 205 Support costs Establlshment expenses Rent Council tax & water rales InSUran￿- Combined Light and heal Telephone Farm running expenses Household & deaning Repairs & maintenance Gardening 218,239 28,732 39,327 60,927 3,636 4,827 25,315 55,261 1,730 205,224 16,744 30,620 53,641 5,778 8.687 21,000 39,661 2,202 437,994 383,557 Residential support costs Management and administrative salaries Carried ft>Tward 232,798 232,798 191,400 191,400 This page does not form part of the ststutory financial ststements Page 26 illiam Blake House Northants Acom an lirnited b uarantse Detailed Statement of Financial Activities For The Year Ended 30th Se tember 2024 2024 2023 Residential support costs Brought fomard Management and administrative salaries (NIC) Health Insurance Training Office expenses Webstte & computer costs Recrurtment expenses Amortisation of intangible fixed assets Depreciation of tangible fixed assets Bank charges & interest Bounce Back Loan Interest Interest on18te paid Tax & Nl 232,798 24,766 557 17,006 26.809 10,226 140 490 75,162 6,373 648 191,400 20,453 17,344 30,695 22,601 449 92,274 5,043 958 41,349 394.975 422,566 Govemance costs Auditors, remuneration Meeting expenses coc Bookkeeping Professional fees HMRC penalties and interest Loss on sale of tangible fixed assets 14,400 2,488 4,583 41,605 16.805 10,747 12,589 7,200 1,705 2,823 37,283 1.230 35 103,217 50,276 Total resour￿5 expended 3.848.061 3,553,590 Net expenditurè (148,902} (336,8901 This page does not form part of the statutory financial statements Page 27