| Pages | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | 1to5 | |||
| Independent | examiner's report |
to the | trustees | ||||
| Statement of |
financial activities |
(including | income and expenditure | ||||
| account) | |||||||
| Statement of |
financial position |
||||||
| Statement of |
cash flows | ||||||
| Notes to the financial statements | 10to 22 | ||||||
| The following | pages do not form part ofthe financial | statements | |||||
| Detailed statement of financial |
activities | 24 |
| Registered | charity | name | name | Pembrokeshire | Frame Limited | Frame Limited | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1090949 | ||||||||
| Company | registration | number | 4037005 | |||||||
| Principal office and | registered | Old Press Buildings | ||||||||
| office | Old Hakin Road | |||||||||
| Merlins Bridge | ||||||||||
| Haverfordwest | ||||||||||
| Pembrokeshire | ||||||||||
| SA61 IXF | ||||||||||
| The trustees | ||||||||||
| Mr AS Harries | (Appointed | 29June 2021) | ||||||||
| Mrs J A Sims | (Resigned | 18November | 2021) | |||||||
| Mr P G Smith | ||||||||||
| (Served from 24 May 2021 to 20 | ||||||||||
| Mr D W Underhill | November | 2021) | ||||||||
| Ms DJ Brown | ||||||||||
| Company | secretary | Mr P K Bowman | (resigned | 1 December 2021) | ||||||
| Independent | examiner | Bruce Evens (Senior Independent | Examiner) | |||||||
| Hamilton House |
||||||||||
| Hamilton Terrace |
||||||||||
| Milford Haven | ||||||||||
| Pembrokeshire | ||||||||||
| SA73 3JP |
| Year end | ed 31 March 2 | 022 | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 2 | 2 | |||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 5,129 | 5,129 | 817 | |||
| Charitable activities |
6 | 681,811 | 161,811 | 843,622 | 769,690 | ||
| Investment income |
7 | 6 | 6 | 10 | |||
| Other income | 8 | 22,587 | 22,587 | 15,325 | |||
| Total income | 709,533 | 161,811 | 871,344 | 785,842 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 9,10 | (756,358) | (70,924) | (827,282) | (810,839) | |
| Total expenditure | (756,358) | (70,924) | (827,282) | (810,839) | |||
| Net income/(expenditure) | (46,825) | 90,887 | 44,062 | (24,997) | |||
| Transfers between | funds | 337,111 | (337,111) | ||||
| Net movement in |
funds | 290,286 | (246,224) | 44,062 | (24,997) | ||
| Reconciliation of |
funds | ||||||
| Total funds brought |
forward | 75,350 | 1,578,046 | 1,653,396 | 1,678,393 | ||
| Total funds carried forward | 365,636 | 1,331,822 | 1,697,458 | 1,653,396 |
| 31 March | 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | 2 | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 17 | 1,385,277 | 1,409,809 | |||
| Current assets | ||||||
| Stock | 18 | 10,993 | 7,476 | |||
| Debtors | 19 | 14,500 | 17,026 | |||
| Cash at bank and in | hand | 675,625 | 606,223 | |||
| 701,118 | 630,725 | |||||
| Creditors: amounts | falling | due within one year | 20 | (76,247) | (63,170) | |
| Net current assets | 624,871 | 567,555 | ||||
| Total assets less current | liabilities | 2,010,148 | 1,977,364 | |||
| Creditors: amounts | falling | due after more than one year | 21 | (312,690) | (323,968) | |
| Net assets | 1,697,458 | 1,653,396 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 1,331,822 | 1,578,046 | ||||
| Unrestricted funds |
365,636 | 75,350 | ||||
| Total charity funds | 22 | 1,697,458 | 1,653,396 |
| Y | ear ended 31 March 2 | 022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Cash flows from operating | activities | |||
| Net income/(expenditure) | 44,062 | (24,997) | ||
| Adjusimenrs for: |
||||
| Depreciation of tangible fixed assets |
43,716 | 41,861 | ||
| Other interest receivable and |
similar income | (6) | (10) | |
| Interest payable and similar charges |
15,502 | 14,204 | ||
| Changes in: |
||||
| Stock | (3,517) | 1,605 | ||
| Trade and other debtors | 2,526 | (4,609) | ||
| Trade and other creditors | 5,851 | 10,407 | ||
| Cash generated from operations |
108,134 | 38,461 | ||
| Interest paid |
(15,502) | (14,204) | ||
| Interest received | 6 | 10 | ||
| Nst cash from operating activities |
92,638 | 24,267 | ||
| Cash flows from investing | activities | |||
| Purchase of tangible assets | (24,500) | |||
| Proceeds from sale of tangible assets | 5,316 | |||
| Net cash used in investing activities |
(19,184) | |||
| Cash flows from financing | activities | |||
| Proceeds from borrowings | (15,373) | (14,891) | ||
| Proceeds from hire purchase | agreements | 11,321 | (7,884) | |
| Net cash used in financing activities |
(4,052) | (22,775) | ||
| Net increase in cash and cash equivalents |
69,402 | 1,492 | ||
| Cash and cash equivalents | at beginning | of year | 606,223 | 604,731 |
| Cash and cash equivalents | at end of year | 675,625 | 606,223 |
| Year e | nded 31 March | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| 5. | Donations | and legacies | ||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | |||||
| f | ||||||||
| Donations | ||||||||
| Donations | 5,129 | 5,129 | 817 | 817 | ||||
| 6. | Charitable | activities | ||||||
| Unrestricted | Restncted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| f | f | f | ||||||
| Shop income | 386,889 | 386,889 | ||||||
| Training | income | |||||||
| Grants | 33,458 | 161,811 | 195,269 | |||||
| Contracts | and service level agreements | 261,464 | 261,464 | |||||
| 681,811 | 161,811 | 843,622 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| Shop income | 149,221 | 149,221 | ||||||
| Training | income | 636 | 636 | |||||
| Grants | 181,797 | 201,138 | 382,935 | |||||
| Contracts | and service level agreements | 236,898 | 236,898 | |||||
| 568,552 | 201,138 | 769,690 | ||||||
| 7. | Investment | income | ||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | |||||
| f | ||||||||
| Deposit account interest | 6 | 6 | 10 | 10 | ||||
| 8. | Other income | |||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | |||||
| f | f | |||||||
| Rental income | 22,587 | 22,587 | 15,325 | 15,325 |
| Expenditure on charitable activities by fund typ |
e | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| 2 | 2 | ||
| Charity shop, service level & training | 116,162 | 39,279 | 155,441 |
| Core activities | 140,994 | 31,645 | 172,639 |
| Second stage processing | 40,833 | 40,833 | |
| Bulky household | 72,689 | 72,689 | |
| Support costs | 385,680 | 385,680 | |
| 756,358 | 70,924 | 827,282 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Charity shop, service level & training | 149,859 | 149,859 | |
| Core activities | 33,642 | 163,685 | 197,327 |
| Second stage processing | 39,609 | 39,609 | |
| Bulky household | 70,497 | 70,497 | |
| Support costs | 353,547 | 353,547 | |
| 647,154 | 163,685 | 810,839 |
| Expenditure | on charitable activities by |
activity type | |||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Total funds | ||||
| directly | Support costs | 2022 Total fund 2021 | |||
| 2 | p | 2 | |||
| Charity shop, | service level & training | 155,441 | 189,957 | 345,398 | 292,253 |
| Core activities | 172,639 | 138,478 | 311,117 | 357,889 | |
| Second stage processing | 40,833 | 18,781 | 59,614 | 57,039 | |
| Bulky household | 72,689 | 31,616 | 104,305 | 97,010 | |
| Governance | costs | 6,848 | 6,848 | 6,648 | |
| 441,602 | 385,680 | 827,282 | 810,839 |
| Analysis of support costs | |||
|---|---|---|---|
| Analysis of |
|||
| sUpport costs | Total 2022 | Total 2021 | |
| 2 | 2 | ||
| Staff costs | 279,654 | 279,654 | 236,351 |
| Premises | 79,553 | 79,553 | 83,588 |
| General office | 3,191 | 3,191 | 4,882 |
| Finance costs | 16,434 | 16,434 | 22,078 |
| Governance costs | 6,848 | 6,848 | 6,648 |
| 385,680 | 385,680 | 353,547 |
| 12. | Net income/(expenditure) | Net income/(expenditure) | |
|---|---|---|---|
| Net income/(expenditure) | is stated after charging/(crediting): | ||
| Depreciation | of tangible | fixed assets | |
| 13. | Independent | examiners | fees |
| Fees payable | to the independent examiner for: |
||
| Independent | examination | of the financial statements |
| 2022 | 2021 |
|---|---|
| 43,716 | 41,86'I |
| 2022 | 2021 |
| 8 | |
| 6,848 | 6,648 |
| equivalen | t | employees during the year is analysed as f |
ollows: |
|
|---|---|---|---|---|
| 2022 | 2021 | |||
| No. | No. | |||
| Number | of | employees | 32 | 30 |
| Number | of | directors | 1 | |
| 33 | 31 |
| 17. | Tangible fixed | assets | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Land and | Other plant and | ||||||||
| buildings f |
machinery etc |
Total | |||||||
| Cost | |||||||||
| At I April 2021 | 1,533,912 | 238,704 | 1,772,616 | ||||||
| Additions | 24,500 | 24,500 | |||||||
| Disposals | (26,900) | (26„900) | |||||||
| At 31 March 2022 | 'I,533,912 | 236,304 | 1,770,216 | ||||||
| Depreciation | |||||||||
| At 1 April 2021 |
179,489 | 183,318 | 362,807 | ||||||
| Charge for the year | 28,019 | 15,697 | 43,716 | ||||||
| Oisposals | (21,584) | (21,584) | |||||||
| At 31 March 2022 | 207,508 | 177,431 | 384,939 | ||||||
| Carrying amount |
|||||||||
| At 31 March 2022 | 1,326,404 | 58,873 | 1,385,277 | ||||||
| At 31 March 2021 | 1,354,423 | 55,386 | 1,409,809 | ||||||
| Finance leases and hire purchase | contracts | ||||||||
| Included within |
the carrying | value | of tangible | fixed assets | are the following | amounts | relating | to assets held |
|
| under finance leases or hire | purchase agreements: |
||||||||
| Motor vehicles | |||||||||
| At 31 March 2022 | 31,554 | ||||||||
| At 31 March 2021 | 17,573 | ||||||||
| 18. | Stocks | ||||||||
| 2022 | 2021 | ||||||||
| Stock | 10,993 | 7,476 | |||||||
| 19. | Debtors | ||||||||
| 2022 | 2021 | ||||||||
| Trade debtors | 11,904 | 952 | |||||||
| Other debtors | 2,596 | 16,074 | |||||||
| 14,500 | 17,026 |
| Creditors: am | ounts | falli | ng due within one year | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Loans and overdrafts | (secured) | 15,779 | 15,311 | ||
| Trade creditors | 22,481 | 15,900 | |||
| Hire purchase | agreements | (secured) | 15,480 | 8,722 | |
| Social security | and other | taxes | 14,548 | 14,064 | |
| Other creditors | 7,959 | 9,173 | |||
| 76,247 | 63,170 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Loans and overdrafts | (secured) | 295,306 | 311,147 | ||
| Hire purchase | agreements | (secured) | 17,384 | 12,821 | |
| 312,690 | 323,968 |
| At | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| At | 1 | April 2021 | Income | Expenditure | Transfers | 31 | March 2022 | ||
| 2 | 2 | ||||||||
| General | funds | 75,350 | 709,533 | (756,358) | 337,111 | 365,636 | |||
| At | |||||||||
| At | 1 | April 2020 | Income | Expenditure | Transfers | 31 | March 2021 | ||
| General | funds | 137,800 | 584,704 | (647,154) | 75,350 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At 1 April 2021 | Income | Expenditure | Transfers | 31 March 2022 | ||
| 2 | 2 | 2 | ||||
| CFAP - Merlins Bridge |
||||||
| Building | 155,427 | (155,427) | ||||
| WG —'Connect North' |
||||||
| Programme | 118,248 | (118,248) | ||||
| Pride | 33,205 | (33,205) | ||||
| Collaborative - Merlins |
||||||
| Bridge Building | 30,231 | (30,231) | ||||
| Hywel Davies |
2,501 | 2,501 | ||||
| PCC grant new building | 570,879 | 570,879 | ||||
| PCC grant refurbish | existing | |||||
| building | 149,851 | 149,851 | ||||
| Community fridge grant |
||||||
| (WCVA) | 26,671 | 26,671 | ||||
| Zero waste schools | 462,000 | 462,000 | ||||
| Milford Haven Port Authority | 300 | 300 | ||||
| Bags of Care | 356 | 356 | ||||
| WCVA- Penny the Polar | ||||||
| Bear | 1,494 | 1,494 | ||||
| WCVA- Green Shed | Re- | |||||
| Use Project | 15,958 | 9,998 | (25,863) | 93 | ||
| P. Dock Community | Fridge | 2,500 | 2,500 | |||
| Bags of Care Plus- Green | ||||||
| Shed | 1,474 | (1,474) | ||||
| WCVA- Bags of Care Plus | 6,551 | (6,551) | ||||
| Neighbourly (Aldi) |
400 | (83) | 317 | |||
| WCVA - VWG Small | Grant | 18,000 | (19,893) | (1,893) | ||
| Kick-Start Grant | 7,182 | (6,156) | 1,026 | |||
| PAVS- Main Scaf | 3,000 | (2,991) | 9 | |||
| Postcode Community | 20,000 | 20,000 |
| Company Limited by Guarante |
Company Limited by Guarante |
Company Limited by Guarante |
Company Limited by Guarante |
Company Limited by Guarante |
e | ||||
|---|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements | (continued) | ||||||||
| Year ended | 31 March | 2022 | |||||||
| 22. | Analysis ofcharitable funds |
(corrrinoed) | |||||||
| National Lottery |
10,000 | 10,000 | |||||||
| Bluestone Resorts Ltd | 900 | 900 | |||||||
| Persimmon Homes |
1,000 | 1,000 | |||||||
| Pembrokeshire | Coast | ||||||||
| National Park |
25,000 | (41) | 24,959 | ||||||
| Moondance Foundation |
39,236 | 39,236 | |||||||
| MHPA- Defibrillator Case | 495 | (495) | |||||||
| PCC- Homeless | Support | ||||||||
| Grant | 2,000 | 2,000 | |||||||
| Lloyds Bank Foundation | 25,000 | (7,377) | 17,623 | ||||||
| 1,578,046 | 161,811 | (70,924) | (337111) | 1 331822 | |||||
| At | |||||||||
| At | 1 April 2020 | Income | Expenditure | Transfers | 31 March 2021 | ||||
| 2 | 2 | 2 | 2 | ||||||
| CFAP - Merlins | Bridge | ||||||||
| Building | 155,427 | 155,427 | |||||||
| WG - 'Connect | North' | ||||||||
| Programme | 118,248 | 118,248 | |||||||
| Pride | 33,205 | 33,205 | |||||||
| Collaborative — |
Me rlins | ||||||||
| Bridge Building | 30,231 | 30,231 | |||||||
| Hywel Davies |
2,501 | 2,501 | |||||||
| PCC grant new | building | 570,879 | 570,879 | ||||||
| PCC grant refurbish existing |
|||||||||
| building | 149,851 | 149,851 | |||||||
| Community fridge grant |
|||||||||
| (WCVA) | 17,951 | 8,720 | 26,671 | ||||||
| Zero waste schools | 462,000 | 462,000 | |||||||
| Milford Haven Port Authority |
300 | 300 | |||||||
| Bags of Care | 81,932 | (81,576) | 356 |
| Year ended | 31 March 2 | 022 | ||||
|---|---|---|---|---|---|---|
| 22. | Analysis ot charitable | funds | (cont(nues) | |||
| WCVA- Penny the Polar | ||||||
| Bear | 1,494 | 1,494 | ||||
| WCVA- Green Shed Re- | ||||||
| Use Project | 39,992 | (24,034) | 15,958 | |||
| P. Dock Community Fridge |
2,500 | 2,500 | ||||
| Bags of Care Plus- Green | ||||||
| Shed | 52,065 | (50,591) | 1,474 | |||
| WCVA- Bags ol Care Plus | 14,035 | (7,484) | 6,551 | |||
| Neighbourly (Aldi) |
400 | 400 | ||||
| WCVA - VWG Small Grant | ||||||
| Kick-Start Grant | ||||||
| PAVS- Main Scaf | ||||||
| Postcode Community | ||||||
| National Lottery |
||||||
| Bluestone Resorts Ltd |
||||||
| Persimmon Homes |
||||||
| Pembrokeshire Coast |
||||||
| National Park |
||||||
| Moondance Foundation |
||||||
| MHPA- Defibrillator Case | ||||||
| PCC- Homeless Support |
||||||
| Grant | ||||||
| Lloyds Bank Foundation | ||||||
| 1,540,593 | 201,138 | (163,685) | 1,578,046 |
| Pembrokeshire Frame Limited |
Pembrokeshire Frame Limited |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company Limited by Guarantee |
|||||||||
| Notes to the Financial Statements fcddiinded) |
|||||||||
| Year ended 31 March 2022 | |||||||||
| 22. | Analysis of charitable funds (continued) |
||||||||
| CFAP - grant received to fund the purchase of Merlins Bridge property. |
|||||||||
| WG —grant received to fund the purchase of Goodwick property. |
|||||||||
| Pride —grant received to fund the purchase of Goodwick property. |
|||||||||
| Collaborative -grant received to fund the purchase of Marlins Bridge property. |
|||||||||
| Hywel Davies - grant received to fund the purchase of mobility scooters. |
|||||||||
| PCC grant new building - grant received to fund new Merlins Bridge property. |
|||||||||
| PCC grant refurbish existing building —grant received to refurbish existing |
Merlins | Bridge | property. | ||||||
| Community Fridge Grant (WCVA) - grant received to set up community fridge |
project. | ||||||||
| Zero Waste Schools —grant received to run pilot project to increase recycling |
in | schools. | |||||||
| Milford Haven Port Authority - grant received for signage on Charity van. |
|||||||||
| Bags of Care - grant received to fund tesco bags of care | |||||||||
| WCVA - Penny the Polar Bear - grant to set up new mascot and campaign | |||||||||
| WCVA - Green Shed Re-Use Project - grant to aid re-use projects | |||||||||
| P. Dock Comm Fridge - grant received to set up community fridge project |
|||||||||
| Bags of Care Plus - grant received to fund tesco bags of care | |||||||||
| WCVA - Bags of Care Plus - grant received to fund WCVA bags of care | |||||||||
| Neighbourly (Aldi) - grant to help with ongoing community fridge projects |
|||||||||
| WCVA —VWG small grant - grant received for upholstery project |
|||||||||
| Kick-start Grant - grant received for upholstery training and painting workshop |
training | ||||||||
| PAVS - Main Scaf - grant received to hold a series of upholstery and painting |
workshops | free to | the public | ||||||
| Postcode Lottery - grant received for core funding | |||||||||
| National Lottery - grant received for co-ordinator costs for zero waste shop |
in | Pembroke | Dock | ||||||
| Bluestone Resorts Ltd - grant received to purchase a fridge for Pembroke | Dock | community | fridge | ||||||
| Persimmon Homes - grant received for equipment for re-upholstery |
|||||||||
| Pembrokeshire Coast National Park - grant received to set up zero waste |
shop | in Pembroke | Dock | ||||||
| Moondance Foundation - grant received for wages and training for re-upholstery |
support | worker | |||||||
| MHPA - Defibrillator case - grant received for a heated case for the defibrillator |
case outside | Green Shed | |||||||
| PCC —Homeless Support Grant - grant received to provide furniture when |
re-homing | homeless | citizens |
| 23. | Analysis | of net asset | s between funds | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 9 | |||||||
| Tangible | fixed assets | 515,435 | 869,842 | 1,385,277 | |||
| Current assets | 162,891 | 461,980 | 624,871 | ||||
| Creditors | greater than | 1 year | (312,690) | (312,690) | |||
| Net assets | 365,636 | 1,331,822 | 1,697,458 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| 2 | |||||||
| Tangible | fixed assets | 293,763 | 1,116,046 | 1,409,809 | |||
| Current assets | 105,555 | 462,000 | 567,555 | ||||
| Creditors | greater than | 1 year | (323,968) | (323,968) | |||
| Net assets | 75,350 | 1,578,046 | 1,653,396 | ||||
| 24. | Analysis | ofchanges | in net debt | ||||
| At 1 Apr 2021 | Cash flows | At 31 | Mar 2022 | ||||
| 2 | |||||||
| Cash at bank and in hand |
606,223 | 69,402 | 675,625 | ||||
| Debt due | within one year | (24,033) | (7,226) | (31,259) | |||
| Debt due | after one year | (323,968) | 11,278 | (312,690) | |||
| 258,222 | 73,454 | 331,676 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 2 | |||||
| Income and endowments | |||||
| Donations and legacies |
|||||
| Donations | 5,129 | 817 | |||
| Charitable activities |
|||||
| Shop income | 386,889 | 149,221 | |||
| Training income |
636 | ||||
| Grants | 195,269 | 382,935 | |||
| Contracts and service | level | agreements | 261,464 | 236,898 | |
| 843,622 | 769,690 | ||||
| Investment income |
|||||
| Deposit account interest | 10 | ||||
| Other income | |||||
| Rental income | 22,587 | 15,325 | |||
| Total income | 871,344 | 785,842 | |||
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Purchases | (47,824) | (89,451) | |||
| Wages and salaries | (551,644) | (523,556) | |||
| Employer's NIC |
(31,059) | (21,877) | |||
| Repairs and maintenance | (6,455) | (12,416) | |||
| Other establishment | (54,065) | (47,629) | |||
| Motor vehicle expenses | (31,024) | (31,377) | |||
| Legal and professional | fees | (18,068) | (2,149) | ||
| Telephone | (23,109) | (27,661) | |||
| Depreciation | (43,716) | (41,861) | |||
| Interest on bank loans |
and overdrafts | (5,918) | (4,201) | ||
| Other interest payable | and similar charges | (9,584) | (10,003) | ||
| Volunteer expenses | (5,359) | (1,998) | |||
| Staff training | (1,701) | 400 | |||
| Capital goods scheme | & partial exemption | 2&310 | 2,940 | ||
| (Loss)/Profit on disposal |
of | fixed asset | (66) | ||
| (827,282) | (810,839) | ||||
| Total expenditure | (827,282) | (810,839) | |||
| Net income/(expenditure) | 44,062 | (24,997) |