REGISTERED CHARITY NUMBER. 1096824 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR DUKE STREET CHURCH Harwoods 1 Trinty Place Midland Drivo Sutton Coldfield West Midlands 872 1TX
DUKE STREET CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pago Roference and Administratlve Datalls Report of the Trustees 2 to 3 Independent Examlnerfs Report statement of Flnanclal Actlvltles Balance Sheet Notss to the Flnanclal Statements 7 to 13 Detalled Statement of Flnancial Activitiès 14
DUKE STREET CHURCH REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES p stockdale (Chair) S Loescher K Loescher D Hallett Swel M Pincher E Smith E J Pillar PRINCIPALADDRESS Duke Street Sutton Coldfield W8St Midlands B72 1RJ REGISTERED CHARrrY NUMBER 1096824 INDEPENDENT EXAMINER Harwoods 1 Trinity Plac8 Mldland Drive Sutton Coldfield West Midlands B72 1TX Page 1
DUKE STREEf CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report wth the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing thalr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (8ffectiv8 1 January 2019). OBJECTIVES AND ACTMTIES Objectiv8s and aims The advancement of the Christian falth In accordance th8 8asls of Falth primarily but not exclusively within Sutton Coldfield and the surrounding neighbourhood. and olher such charitsble purposes as shall, In the oplnion of the members of the Church in general meeting further the work of the Church. The objects of the charity are to fvrther the religious and other charitable work of the Christian Faith. The Charity is a member of th8 Evangellcal Alliance and the Truste8s subscribe to th6 Evangelical Alliance basis of faith. The charlty owns premises in Sutton Coldfield comprising of a church and associated buildings as well a5 the freehold of a block of llats and th818asehold of a further flat. Duk8 Str88t Church has appr0matelY 130 members. The thurch supports a number of UK and overseas Christian workers and mission organisations and is involved in a number of activitl8s which benefit the wider community of Sutton Coldfield. Publ1¢ benoflt When planning and Meng the objecttves of the activities the Church has given due considaration to thg Charity Commission's general guidance on public benefit and. in particular. the specffic guidance on charities for the advan¢ement of rellglon. In particular, we ty to enable ordlnary people to Ilve out thelr faith as part of our church in thelr local communities. ACHIEVEMENT AND PERFORMANCE Charitablè activltlos Sunday s8c8S and the Sunday children and youth activiti8s contlnu8d to be well attended. The Sunday morning servi¢e is live-str8am8d and the uptake of this provision has grown. W88kly ewnews newsletters have continu8d, providing connection and infomiation for the church community. Children and youth activities on Sunday and mid-week are well supported by church families and the local communlty. Regular donations of foodstuffs and hygiene products to Binningham City Mission (BCM) Foodbank continued throughout tha year and, towards the and of November, glfts provided for th8 BCM Christmas Toy Appeal. neY was also raised for Tearfund through the Tearfund Big Quiz attended by many from the local COTnrnunity. Additional gffts W8r8 mad8 during the year to help those providing support in Ukraine and Gaza. The Coffee Tree café continued to be busy and well used, with monthly Saturday moming community activity'stay and Play" which Is very popular young families. The café hosted a Coronation special on Coronation Day and a Famlly Summer Craft event. Points of connection and fallowship throughout the year hav8 been Bring and Shar8 lunchès following th8 Sunday momlng servlce, church picnic in July, Sunday Lunch Sunday (hosled at different homes) and Agape Fellowship Lunches. In the Christsnas s8ason small groups18d Carols at two care homes in the community. A large numbar of church and community-basad events Vre organisèd at Eastér and Chrisbmas which w8r8 8njoy8d by many. An event for families was held at the end of October. Return of the Glow Worn, as an alternative to Halloween, and Chrlstmas Story Famlly ev6nt in December, whlch Vre very popular. Throughout the y8ar we had monthly prayor events - Prang Together - fo¢ussing on different themes. local, national, and inlemational concems. and situations, A Growing Leaders course took place during the year, to support and equip emerging end eKsting leaders in the church. The church's flat at Belmont Court had a new tsnant and the flat. 6 Jacey Buildings was put up for sal8. Throughout th8 yaar the church has followed a number of taachlng sèrfes, Id61iv6r8d mainly by our pastor David Glbb but also by church members and some external guest speakers) including: Money,. Four Days That Changed The World (leading up to Easter}; People in Pray8r. How To Tum The Wodd Upside Down (from Acts) and Who's In Charge (from Isaiah}. Pagè 2
DUKE STREET CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW Flnancial positlon Incomlng resources for the year were £229,808 (2022: £179,580. Expenditure for the year was £222,519 (2022: £228,582) the surplus for tha year was £7,289 in¢luding depreciation of £18,539 (2022- deficit £49,002 including depreciatlon of £18.000). Reservo9 pollcy The Trustees are mmItted to establishing a level of reserves for General Funds that will cover three months costs. subject to suffici8nt funding being available to achi8vè thls, whi18 not hamp8ring th8 ongoing development of th8 ministy of the Church. The precise level of reserves to be £49,577 (excluding depreciation) and will ba subjèct to regular review, taking into account levels of activity and prevailing circumstances. The unrestrtcted reserves at the balance sheet date arg £138,955 {2022 - £126,410) dèsignated reserves are £20,264 {2022 - £1,450). Total funds of the charity are £1.239.325 {2022- £1.232,036), of lch £1,080,106 (2022- £1.104.176) are restricted. For the purposes of short and medium term financial management, the trustees are concerned more with the manag8ment of working capital. and the healthy worknng capital position is 8ntirely in lin8 Wtth their policy of holding fr88 resources sufficient to fund three months of ongoing unrestricted expenditure to cover the eventuality of a material d8dlne in incoming r8sources. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document Duke Street Church was originally constituted under two trust deeds. The charity's affairs have however been amalgamated under a 'Scheme' with the Charity Commissioners dated 13 December 2002 into a single charlty with a single set of Trustees. Racruitment and appolntment of new trusta88 TrusteeslLeadership Tearn members are nomially recruited from wthin the membership and are appointed after consultation wth the membership of the church and approval by the exi51ing trustee51LT, No external persons to the charity are entitled to appoint trustees. Oryanlsatlonal structure Thera are two groups of people Involvad In tho runnlng of the charfty: Th8 L8ad8rship T8am, th8 bulk of whom form th8 Trust888, ar8 responsible for th8 Strat8gic direction and routine activities of the church lIe the Trustees are responsible for any legal requirements, that is, employmant and the requir8m8nts of the charity law. Th8 L8ad8rship Team meet at least twice a month and the Trustses at least four MeS Pgr year and as the negd aris9S. An Admlnistration Group Is responslble for much of the practlcal day-to4ay needs under the dlreclion of the leadershlp Team as appropriate. The day to day running of the church office was delegated to the administrator. and chair of the Admin Group Mrs Fiona Buckell, undar the supervlslon of the Leadership Team. Flnanclal admlnlstration was undertak8n by the treasur8r, Mr Andrew Shorthouse. Induction and training of new trustses Truste6 Inductlon and tralnlng Is Informal. Trustees are aware of thelr responslbllEtles when they take up appointment. Approved by ord8r of the board of trustees on 31 July 2024 and signed on its bahalf by.. p stockdale (Chair) - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUKE STREET CHURCH Indopandont oxamlnerfs report to the trustsos of Duko Stroot Church I report to the charity trustees on my examination of the accounls of Duke Street Church (the Trust) for the year ended 31 De¢ember 2023. Rosponslbllftles and basls of report As the charity trustees of the Trust you are responsible for the pr8paratlon of the accounts in accordance with the requirements of the Charfll88 Act 2011 (Xh8 ACY). I report In resp8Ct of my examination of th8 Trust's accounts carried out under Section 145 of thè Act and In carrying out my examination I have followed all applicabl8 Dir8ciions givèn by th8 Charity Commission under Section 14515)(b) of th8 Act. Independent examIno8 statament I have completed my examinatlon. l Confirm that no mat8rlal matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the TTUSt es raqulred by Section 130 of the ACL. or the accounts do not accord with thos8 records: or the accounts do not comply wth the applicable requirements conc8rning the fom and contont of accounts s8t out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which Is not a matter consldered as part of an Independent examination. I have no con¢ams and hav8 come across no other matt8rs In conn8Ction vrith the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adam Bexon Mchem FCA Harwoods 1 Trinity Place Midland DrÈv8 Sutton Coldfield West Midlands B72 1TX 31 July 2024 Page 4
DUKE STREET CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Restrfcted fixed . asset Unrestricted fijnds Restricted funds Total fvnds Total funds Not8s INCOME AND ENDOWMENTS FROM Donations and legaciès 172,586 120 172.706 143.359 Charltablo actlvltles Related church activities 654 654 690 Other trading activities Inv8Stm8nt Incom8 53.430 3.018 53,430 3.018 34.823 708 Total 229,688 120 229.808 179.580 EXPENDITURE ON Charitable activitiès Dirèct church exp8ns8S Related church activities Depreclatlon Other Expendituré 155,772 25,227 4.339 155,772 30.900 18,539 153,861 44,658 18.000 5,673 14.200 14,998 2.310 14,998 2,310 9,843 2,220 Govemanc8 Cost Totsl 202,646 5,673 14,200 222,519 228,582 NET INCOMEI(EXPENDITUREI Transfers between funds 27,042 4.317 (5,553) (1,220) (14,200) (3,097) 7,289 (49,002) 14 Nol movoment In funds 31,359 {6,773) (17,297) 7,289 (49,002) RECONCILIATION OF FUNDS Total funds brought foNRrd 127,860 9,859 1.094,517 1,232,036 1,281,038 TOTAL FUNDS CARRIED FORWARD 159,219 2,886 1,077,220 1,239,325 1,232.036 The notes fonn part of these financial ststements Page 5
DUKE STREET CHURCH BALANCE SHEET 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tanglble assets 1,077,221 1.094,518 CURRENT ASSETS Debtors Cash at bank and in hand 10 5.720 162.940 4,893 135,279 168,660 140,172 CREDITOR8 Amounts falling due withln on8 yoar 11 (6.556) (2,654) NEf CURRENT ASSETS 162.104 137,518 TOTAL ASSETS LESS CURRENT LIABILITIES 1.239.325 1,232,036 NET ASSETS 1.239.325 1,232.036 FUNDS Unrestricted fvnds Restricted funds 14 159,219 1,080,106 127.880 1,104,176 TOTAL FUNDS 1.239,325 1,232,038 The financlal statements were approved by the Board of Trustees and authorised for Issue on 31 July 2024 and were signed on its behalf by- p stockdale (Chair) - Trustee The notes fom part of those financial statements Pag8 6
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charity. which is a public beneffit entity under FRS 102, have b88n prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitles: Ststement of Recommended Practice applicable to charfties preparing their accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),. Financial Reporttng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the ChariU8s Act 2011. Th8 financial statements have been prepar8d undgr the historical cost convention. The Charity constitutes a publlc benefrt enty as defined by FRS 102. The flnanclal statements ar8 presented In sterling and rounded to th8 nearest £1. Income All incom8 is recognised in the Statement of Financial Activitles once the chartty has entit18ment to th8 funds. it is probabl8 that the income will be recelved and the amount can be measured rellably. Expondlturo Liabilitl8s are re¢ognlsod as expendlture as soon as there is a legal or constrnctive obligation committing the charity to that expenditure, it is probable that a transfèr of economic beneffts will be required In settlement and the amount of th8 obligation cRn be measured reliably. Exp8nditure is accounted for on an accruals basis and has been classified undar headings that aggregate all cost related to the category. Where costs cannot be directly attribut8d to particular headings they have been allocated to activiti8s on a basis consistant viith the use of resourc8s. Tanglble fixed assets Depreciation Is provided at the following annual rates in order to write off each asset over its estlmated useful lrfe. Freehold property Long leasehold Flxiures and fitiings Computer equipment 2% on cost Over the life of the lease 25./0 on reduclng balance 33% on ¢xsst Taxatlon The charity is exempt from tsx on Its charitsble activities. Fund aecountlng Unrestri¢t8d funds can be used in accordance ryth the Charitable objèctives at th8 dlscretlon of the trustees. Restricted funds can only b8 used for particular restrictèd purposes thin the objects of the charity. Restrictlons aris8 when specified by the donor or when funds ar8 raised for particular r8Strlcted purpos88. Deslgnated funds comprise unrestricted funds that have been s8t aside by the trusteès for partiGular purposes. The alm and use of each designated fund is set out In the notss to the financial statements. Further explanalion of the nature and purpose of each fund is included in the not8S to the financial ststements. Penslon costs and other post•rntlrement benefits The diarity operates a defined Gontribution penslon scheme. Contributions payable to the charity's Pension scheme are charged to th8 Statement of Flnancial Activitl8s in the parlod to which th8y relate. Page 7 conllnued..
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 DECEMBER 2023 OTHER TRADING ACTIVITIES 2023 2022 Room hira Coffee shop income Rents recelv8d Event and activity income 10.587 35.105 7,125 613 6.705 21.842 6.OIXI 276 53.430 34.823 INVESTMENT INCOME 2023 2022 Intsrost receivable - trading 3,018 708 CHARITABLE ACTIVITIES COSTS Dlrect Costs Support costs Totals Direct thurch expenses Relaled church actlvltles Depreciation Other Expenditure 155,772 30,205 18.539 155,772 30.900 18.539 695 14.998 14,998 2.310 Gov8mance cost 2,310 219.514 3,005 222.519 TRUSTEES, REMUNERATION AND BENEFITS Th8r8 W8r8 no trust88s' r8muneration or other benefits for the year ended 31 Decembér 2023 nor for the y8ar ended 31 December 2022. Trustees, expanses There vRre no trustees, expenses pald for the yaar ended 31 Dember 2023 nor for the year ènded 31 December 2022. STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension costs 93.025 3,039 8.398 92,501 2,972 4,346 104,482 99,819 The average monthly number of 8mploy8es during the year was as follows: 2023 2022 Support staff No employees received emoluments in excess of £60,000. Page 8 continued...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTlVtTIES Restricted fixed asset Unrestrictsd funds Restrlcted funds Totsl fund8 INCOPJIE AND ENDOWMENTS FROM Donations and18gacies 139,559 3,800 143.359 Charitable actlvltl85 Related church activities 690 690 Other trading activities Inv8Stment inGome 34.823 708 34.823 708 Total 175,780 3,800 179,580 EXPENDITURE ON Charltabla actlvltles Direct church expenses Related church activities Depreciation Other Expenditure 153.836 40,931 3,800 25 3,727 153.861 44.658 18,000 14.200 9,843 2,220 9,843 2,220 Governan cost Total 210.630 3,752 14,200 228.582 NET INCOMEf(EXPENDITURE) Transfers between funds (34,850) (6,063) 48 625 (14.2001 5.438 (49,002) Net movomont In funds (40.913) 673 (8.762) (49,002) RECONCILIATION OF FUNDS Total funds brought forward 188.773 8,986 1.103,279 1.281.038 TOTAL FUNDS CARRIED FORWARD 127.860 9,659 1.094.517 1,232,036 INDEPENDENT EXAMINERS REMUNERATION The ind8p6nd8nt examiners remuneration amounts to £2,310 (2022 £2,220) Pagg 9 contlnued...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Fixtures and fittlngs Freehold property Long leasehold Comput8r equipment Totals COST At 1 January 2023 Addibons Disposals 1,195,616 59.982 104,708 3,594 12,754) 1.015 1.361.321 3.594 (2.754) At 31 Decemb8r2023 1.195,616 59,982 105.548 1,015 1,362,161 DEPRECIATION At 1 January 2023 Charge for year Eliminated on disposal 170,399 14.200 7.206 600 89,142 3.401 (402) 56 338 266,803 18,539 (402) At 31 December 2023 184.599 7,806 92.141 394 284.940 NET BOOK VALUE At 31 De¢ember2023 1.011.017 52,176 13,407 621 1,077,221 At 31 D8cember 2022 1,025,217 52,776 15,566 959 1.094,518 Included in cost or valuatlon of land and buildings is frgehold land of £485,000 (2022 - £485.000) whith is not depreciated. The leasehold property relates to a leasehold flat (Jacey) whlch VRS renewed as a 99 yaar lease in 2011. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other d8btors 5.720 4.893 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors 6,556 2,654 12. LEASING AGREEMENTS Minimum18as8 payments under non-cancellabl8 operating leases fall due as follows.. 2023 2022 Wlthin one year Between one and fiv8 years 631 315 631 946 946 1,577 Page 10 contlnued...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 2022 Restricted fixed asset Unr8Strict6d funds Restricted fvnds Tolal funds Total funds Fixed assets Cuffent assets Current liabilities 1,077.221 (911.446) (6,556) 1,077,221 168,660 {6,556) 1.094,518 140,172 (2,654) 2,886 1,077.220 159.219 2,886 1.077.220 1,239,325 1,232,036 14. MOVEMENT IN FUNDS Net movement in funds Transfers be88n funds At 31.12.23 At1.1.23 Unrestrictsd funds General fund Hardship Fund- designated Legacy Fund - Designated 126,410 1,450 29,287 12.245) (16,742) 5,000 16,059 138,955 4,205 16,059 127.860 27.042 4,317 159.219 Restrlcted funds Jacey Building Macedonia fund Restrictéd fix8d asset 7.659 (4,773) (780) 2.886 780 1,094,517 2,000 (14,200) (3,097) (2,000) 1,077,220 1,104,176 (19,753) (4.317) 1,080.106 TOTAL FUNDS 1.232,036 7.289 1.239,325 Net movement in funds, Included in the above are as follows: Incoming resources Resources expended Mov8ment in funds Unr08trlctsd funds General fund Hardship Fund - designated 229,288 400 (200,0011 (2.645) 29.287 (2.245) 229,688 (202,646) 27.042 Restricted funds Jacey Building Macedonia fund Restricted fixed asset (4.773) (900) (4,TT3) (180) 120 (14.200) (14.200) 120 (19.8731 (19.753) TOTAL FUNDS 229,808 (222,519) 7,289 Page 11 contlnu8d...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS . continued Comparatlves for movement In funds Net movement in funds Transfers between fvnds At 31.12.22 At 1.1.22 Unrestrlcted funds General fund Hardship Fund - designated Ron Legacy- designated 162,544 3.898 2,331 (31,902) (2,948) (4,232) 500 (2.331) 126.410 1.450 168,773 (34,850) (6.063) 127.860 Restrlctad funds Jacey Building Macedonia fund R8strict8d fd asset 6.806 180 853 (805) 7.659 625 1,103.279 2,000 (14,200) 5.438 1,094.517 2,000 1,112,265 (14,152) 6.063 1,104.176 TOTAL FUNDS 1,281.038 (49.002) 1,232,036 Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Mov8ment in funds Unre$trlcted funds General fund Hardship Fund - designated 175,280 500 (207.182) (3,448) (31.902) (2,948) 175,780 (210,630) (34,850) Restrfcted funds JaY Building Macedonla fund Restricted fixed asset 3,680 120 (2,8271 (925) 853 (805) (14,2001 (14,200) 3,800 (17,9521 (14.152) TOTAL FUNDS 179.580 (228,582) (49.002) Restricted Funds Flxed Assel Fund - relates to assets acqulred by the church. Jacey Building - up keep of Jacey Building Artwork Fund - To b8 sp8nt on arfvrk for th8 church. Macedonia Fund - money collected and donated to a church in Macedonia Designated Funds Hardshlp Fund is a dlscr8tlonary fund availabl8 to provlde flnancial relief to members of the communty agreed by the trustees. Ron legacy project- to be spent on Items approved by the trustees. Legacy Fund - to be spent on items approved by the trustees Page 12 continued...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2023 15. RELATED PARTY DISCLOSURES Thar8 Vre no related party transactlons for the year ended 31 December 2023. Paga 13
DUKE STREET CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and legacles Gifts Donations and collections Gift aid 37,375 109,082 26,249 1,499 124.637 17,223 172.706 143,359 Other tradlng actlvltles Room hire Coffee shop Incom8 Rents received Event and activity income 10.587 35.105 7,125 613 6,705 21,842 6.000 276 53.430 34.823 Invgstment Income Interest receivable - tsading 3,018 708 Charltable actlvltles Youth Activities 654 690 Total Incomlng resources 229,808 179,580 EXPENDrruRE Charltable actlvltles Wages and salaries Social security Pensions Rat8s, wat8r and 8n8rgy Insurance Administration expenses Activity expenses Cleaning and maintenance Church sèrvice expenses Mission and giving Youth expenses Ministy expenses Flat expenses Communty activities Coffee shop purchas6S Missionary flat expenses Depreciation Freehold Propety D8precialion Long Leasehold Depreciation Fixtures and Fittings Depreclatlon Computsr Equlpment 93,025 3,039 8,398 19,501 2,745 7,986 1,475 15,758 837 20,710 2.356 741 3,798 837 14,998 4,773 14,200 600 3,401 338 92.501 2,972 4,346 15,992 2,547 8,377 3,003 20,149 296 33,266 1,446 2,232 7,262 1.303 9,843 2,827 14,200 600 3,144 56 219,514 226.362 Support Costs Governance costs Accountancy and legal fe8s 3,005 2,220 Total resources expended 222,519 228,582 Net incom011pOnd1tUre) 7.289 {49,002) This page does not form part of the statutory financlal statements Page 14