Registered number: 4851039 Charity number: 1106194
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BURTON CARIBBEAN ASSOCIATION LIMITED
Acompany limited by guarantee
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2025
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BURTON CARIBBEAN ASSOCIATION LIMITED
A company limited by guarantee CONTENTS
Page
| Reference and adminsitration details ofthe charity, its trustees and advisors | 4 |
|---|---|
| Trustees’ report . |
2-3 |
| Statement of financial activites | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7-13 |
| Detailedprofitandlossaccount | 14 |
BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISORS
Trustee's
Y Campbell J Coombs RE Miller V Wright A Khouri
Accountants Nuvo Accountancy Limited Millennium Court First Avenue Burton Upon Trent Staffordshire DE14 2WH
Bankers Lloyds Bank Pic 16 High Street Burton Upon Trent Staffordshire DE14 1JA
Registered office 346 Uxbridge Street Burton Upon Trent Staffordshire DE14 3/8
Company registered number 4851039
Charity registered number 4106194
Fi
BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee TRUSTEES’ REPORT
The trustees present their report together with the financial statements of the charity for the year ended 30th April 2025.
DIRECTORS AND TRUSTEES
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The trustees serving during the year and since the year end were as follows:
Y Campbell J Coombs RE Miller V Wright A Khouri
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Burton Carribbean Association is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28th October 2004.
Appointment of Trustees
As set out in the Articles of Association all trustees must retire at each AGM, retiring trustees are eligible for re-election.
Organisation
The board of trustees, which must consist of as least four and not more than twelve persons, administers the charity. The board meets at least three times a year. A Chairman is appointed by the trustees to manage the day to day operations of the charity.
Risk Management
The trustees have a risk management strategy which comprises:
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DE The annual review of the risks the charity may face;
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2) The establishment of systems and procedures to mitigate those risks identified in the plan; and
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3) The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee TRUSTEES' REPORT
OBJECTIVES AND ACTIVITIES
The objectives of the charity are:
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1) To advance education and training for the public benefit by providing or assisting in the provision of facilities as will enable inhabitants of Burton upon Trent and surrounding areas (the area of benefit’) to acquire or develop vocational skills and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for inhabitants in the area of benefit;
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2) To relieve poverty through providing advice and guidance on employment opportunities for inhabitants in the area of benefit who are in need;
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3) To establish or secure the establishment of a community centre and to maintain and manage it (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
Company Law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
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1) Select suitable accounting policies and apply them consistently;
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2) Make sound judgements and estimates that are reasonable and prudent; and
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3) Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will not continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,
This report was approved by the Trustees on 28 January 2026 and signed on their behalf by:
V Wright Director
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Chartered Accountants’ independent assurance report on the unaudited accounts of Burton Caribbean Association Limited
To the Board of Directors of Burton Caribbean Association Limited (‘the Company’)
We report on the accounts of the company for the year ended 30th April 2025, which are set out on pages 2 fo 14.
Respective responsibilities of the trustees and examiner
The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
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1) examine the accounts under section 145 of the Charities Act;
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2) to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act); and
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3) to state whether particular matters have come to our attention.
Basis of independent examiner’s statement
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with our examination, no matter has come to our attention:
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1) which gives us reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with Section 130 of the Charities Act; - to prepare accounts which accord with the accounting requirements of the Charities Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nuvo Accountancy Limited
Chartered Certified Accountants Millennium Court First Avenue
Burton Upon Trent Staffordshire DE14 2WH
28 January 2026
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BURTON CARIBBEAN ASSOCIATION LIMITED
A company limited by guarantee
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|---|---|---|---|---|---|---|---|---|
|STATEMENT|OF|FINANCIAL|ACTIVITIES|(including|income|and|expenditure|account)|
|for the year ended 30 April|2025|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|2025|2025|2025|2024|
|£|£|£|£|
|INCOMING|RESOURCES|
|Incoming|resources|from|generated|funds:|
|Voluntary income|2|51,662|10,747|62,409|49,596|
|Incoming|resources|from|charitable|activities|54,727|-|54,727|52,225|
|TOTAL|INCOMING|RESOURCES|106,389|10,747|117,136|101,821|
|RESOURCES|EXPENDED|
|Charitable|activities|107,055|39,652|146,707|123,511|
|Governance|costs|2,196|-|2,196|1,980|
|Loss|on|disposal|of fixed|assets|-|-|-|-|
|TOTAL|RESOURCES|EXPENDED|109,251|39,652|148,903|125,491|
|MOVEMENT|IN|TOTAL|FUNDS|FOR|THE YEAR|
|NET SURPLUS/(DEFICIT)|FOR THE YEAR|(2,862)|(28,905)|(31,767)|(23,670)|
|Total funds|at|1|May 2024|592|147,968|148,560|172,230|
|Fund|transfer|5,000|(5,000)|-|-|
|TOTAL FUNDS AT 30|April|2025|2,730|114,063|116,793|148,560|
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The notes on pages 7 to 13 form part of these financial statements.
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee BALANCE SHEET as at 30 April 2025
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| FIXED ASSETS | |||||
| Tangible assets | 10 | 148,357 | 184,238 | ||
| CURRENTASSETS | |||||
| Debtors | 11 | 844 | 640 | ||
| Cash atbank and in hand | 19,338 | 25,996 | |||
| 20,182 | 26,636 | ||||
| CREDITORS: amounts falling | |||||
| due within one year | 12 | (40,672) | (45,786) | ||
| NETCURRENT LIABILITIES | (20,490) | (19,150) | |||
| TOTAL ASSETS LESS | |||||
| CURRENT LIABILITIES | 127,867 | 165,088 | |||
| CREDITORS: amounts falling | |||||
| dueaftermore than one year | 13 | (11,074) | (16,528) | ||
| NETASSETS | 116,793 | 148,560 | |||
| CHARITY FUNDS | |||||
| Unrestricted funds | 16 | 2,730 | 592 | ||
| Restricted funds | 18 | 114,063 | 147,968 | ||
| TOTALFUNDS | 116,793 | 148,560 |
The financial statements were approved by Trustees on 28 January 2026 and signed on their behalf, by:
Director
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
- 41 ACCOUNTING POLICIES
Basis ofpreparation
The financial statements have been prepared under the historical cost convention and in accordance with the FR102 Section 1A small entities and the Charities Act 2011. There has been no chnage in accounting policies during period under review.
Reconciliation with previous generally accepted practice
In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
No restatements were required.
Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The casts of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
incoming resources
All incoming resources are included in the Statement of financial activities when the company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne bya third party.
income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Grants
Grants are recognised in full when the charity has an unconditional entitlement to the income. Grants are deferred to the extent of the progress of a stipulated performance target or if the conditions of a grant are outside the charity's control.
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
1 ACCOUNTING POLICIES (continued)
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
All resources expended are inclusive of irrecoverable VAT.
Going concern
The Trustees have considered the requirements of the company for a period of 12 months from the date of the approval of these financial statements.
Cash flow
The financial statements do not include a Cash flow statement because the charitable company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Property improvements 14 years straight line Fixtures and fittings and equipment 20%-33% reducing balance Fixtures and fittings 25% Straight Line Office equipment 25% Straight Line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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BURTON CARIBBEAN ASSOCIATION LIMITED Acompany limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
| 2 | VOLUNTARYINCOME | Unrestricted funds |
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|---|---|---|---|---|---|---|
| 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Donations Revenue grants |
13,667 37,995 |
- - |
13,667 37,995 |
12,285 21,270 |
||
| Capital grants | - | 10,747 | 10,747 | 16,041 | ||
| Voluntary income | 51,662 | 10,747 | 62,409 | 49,596 | ||
| 3 | INCOMING RESOURCES FROM CHARITABLE | ACTIVITIES | ||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Community activities | 54,727 | - | 54,727. | 82,225 _ | ||
| 4 | GOVERNANCE COSTS | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Independent examination fees | 825 | - | 825 | 825 | ||
| Accountancyfees | 1,371 | - | 1,371 | 1,155 | ||
| 2,196 | “ | 2,196 | 1,980 | |||
| 5 | ANALYSIS OF RESOURCES EXPENDED | |||||
| Community activities |
Total funds |
Total funds |
||||
| 2025 | 2025 | 2024 | ||||
| £ | £ | £ | ||||
| Insurance | 2,528 | 2,528 | 2,367 | |||
| Light, heatand water | 22,817 | 22,817 | 25,378 | |||
| Wages and social security | 12,148 | 12,148 | 10,136 | |||
| Travelling | 2,414 | 2,414 | 2,724 | |||
| Social events & fundraising | 14,450 | 14,450 | 17,480 | |||
| Telephone | 1,836 | 1,836 | 1,625 | |||
| Print, postage and stationeryand computers | 1,684 | 1,684 | 1,145 | |||
| Repairs, renewals & cleaning | 50,471 | 50,471 | 23,296 | |||
| Sundryexpenses | 1,800 | 1,800 | 2,842 | |||
| Professional fees | 360 | 360 | 360 | |||
| TurnaboutYP & holiday scheme | - | - | - | |||
| Bank charges | 318 | 318 | 209 | |||
| Depreciation: Fixtures & fittings | 245 | 245 | 275 | |||
| Depreciation: Computer equipment | 54 | 54 | 92 | |||
| Depreciation: Property improvements | 35,582 | 35,582 | 35,582 | |||
| 146,707 | 146,707 | 123,511 |
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
- 6 SUPPORT COSTS
| Staffcosts | Depreciation | Depreciation | Othercosts | Total | Total | ||
|---|---|---|---|---|---|---|---|
| 2025 | 2025 | 2025 | 2025 | 2024 | |||
| £ | £ | £ | £ | £ | |||
| Community activities | 12,148 | 35,881 | 98,678 | 146,707 | 123,511 | ||
| Governance | - | - | 2,196 | 2,196 | 1,980 | ||
| 12,148 | 35,881 | 100,874 | 148,903 | 125,491 | |||
| 7 | ANALYSIS OF RESOURCES EXPENDED | BY | ACTIVITIES | ||||
| Direct | |||||||
| activities | Support costs | Total | Total | ||||
| 2025 | 2025 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| Community activities | 134,559 | 12,148 | 146,707 | 123,511 | |||
| 8 | NETINCOMING /(OUTGOING)RESOURCES | 2025 | 2024 | ||||
| £ | £ | ||||||
| This is stated aftercharging: | |||||||
| Depreciation ofowned fixed assets | 35,884 | 35,949 | |||||
| 9 | STAFF COSTS | 2024 | 2023 | ||||
| £ | £ | ||||||
| Wages and salaries | 12,148 | 10,136 | |||||
| The average monthly number ofemployees during the yearwas | was as follows: | 2025 | 2024 | ||||
| No. | No. | ||||||
| Costs ofgenerating funds/governance | 2 | 2 | |||||
| 2 | 2 |
No employee received remuneration amounting to more than £60,000 in either year.
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BURTON CARIBBEAN ASSOCIATION LIMITED Acompany limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
10 TANGIBLE FIXED ASSETS
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|---|---|---|---|---|---|---|---|
|Fixtures,|
|Leasehold|Leasehold|fittings|and|
|property|improvments|equipment|Total|
|£|£|£|£|
|Cost|
|At|1|May 2024|40,666|498,137|67,777|606,580|
|Additions|-|-|-|-|
|Surplus|on|revaluation|-|-|-|-|
|Disposals|-|-|-|-|
|At 30|April|2025|40,666|498,137|67,777|606,580|
|Depreciation|
|At|1|May 2024|-|355,818|66,524|422,342|
|Charge for the|year|-|35,582|299|35,881|
|Surplus|on|revaluation|-|-|-|-|
|On|disposals|-|-|-|-|
|At 30|April|2025|-|391,400|66,823|458,223|
|Net|book|value|
|At 30|April|2025|40,666|106,737|954|148,357|
|At|30|April|2024|40,666|142,319|1,253|184,238|
|11|DEBTORS|2025|2024|
|£|£|
|Trade|debtors|-|-|
|Other debtors|844|640|
|844|640|
|12|CREDITORS:|Amounts falling|due|within|one year|2025|2024|
|£|£|
|Other|creditors and|deferred|income|40,672|45,786|
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
| 13 | CREDITORS: amounts falling due afteroneyear | CREDITORS: amounts falling due afteroneyear | CREDITORS: amounts falling due afteroneyear | CREDITORS: amounts falling due afteroneyear | 2025 | 2024 | |||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| Deferred income | 11,074 | 16,528 | |||||||
| 14 | CAPITAL GRANTS: amounts | falling due within one year | |||||||
| 2025 | 2024 | ||||||||
| £ | £ | ||||||||
| Europeanregionaldevelopmentfund | 1,814 | 2,708 | |||||||
| Burton community partnership | project | 4,975 | 7,425 | ||||||
| Big lotteryfund: Capital redevelopmentfund | 3,958 | 5,908 | |||||||
| 10,747 | 16,041 | ||||||||
| 15 | CAPITAL GRANTS: falling due afteroneyear | 2025 | 2024 | ||||||
| £ | £ | ||||||||
| European regional developmentfund | 1,869 | 2,790 | |||||||
| Burton community partnership | project | 5,126 | 7,650 | ||||||
| Big lotteryfund: Capital redevelopmentfund | fund | 4078 | —s_- | 6,087 | |||||
| 11,073 | 16,527 | ||||||||
| 16 | ANALYSIS OF FUNDS | ||||||||
| Brought | Incoming | Resource | Closing | ||||||
| forward | £ | Resource £ |
Expended | £ | Transfers £ |
Balance £ |
|||
| General funds | 592 | 106,389 | (109,251) | 5,000 | 2,730 | ||||
| Restrictedfunds | 147,968 | 10,747 | (39,652) | (5,000) | 114,063 | ||||
| At30April 2023 | 148,560 | 117,136 | (148,903) | - | 116,793 | ||||
| 17 | ANALYSIS OF NET ASSETS | BETWEEN FUNDS | |||||||
| Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
||||||
| 2025 | 2025 | 2025 | 2024 | ||||||
| £ | £ | £ | £ | ||||||
| Tangible fixed assets Current assets |
- 20,182 |
148,357 - |
148,357 20,182 |
184,238 26,636 |
|||||
| Creditors due within one year Creditors due overoneyear |
(24,468) | (16,204) (11,074} |
(40,672) (11,074) |
(45,786) (16,528) |
|||||
| (4,286) | 121,079 | 116,793 | 148,560 |
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BURTON CARIBBEAN ASSOCIATION LIMITED A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
| 18 | RESTRICTED FUNDS ANALYSIS |
||||
|---|---|---|---|---|---|
| Brought | Incoming | Resource | Closing | ||
| forward | Resource | Expended | Balance | ||
| £ | £ | £ | £ | ||
| European Regional Development Fund | 49,149 | 1,814 | 13,171 | 37,792 | |
| Drug Action Team | 5,435 | - | 1,456 | 3,979 | |
| Community Development Capital Fund | 1,045 | - | 280 | 765 | |
| Community Partnership Redev Project | 46,056 | 4,975 | 12,342 | 38,689 | |
| Big Lottery Capital Redevelopment Fund | 37,489 | 3,958 | 10,046 | 31,401 | |
| Big LotterySensory Garden Fund | 2,246 | - | 602 | 1,644 | |
| Burton Caribbean Association | 6,548 | - | 1,755 | 4,793 | |
| Total | 147,968 | 10,747 | 39,652 | 119,063 | |
| 19 | ANALYSIS OF CASH EQUIVALENTS | 2025 | 2024 | ||
| £ | £ | ||||
| Cash at bank and in hand | 19,338 | 25,996 | |||
| Total | 19,338 | 25,996 |
20 CONTROLLING PARTY
The company is controlled by the Board of Trustees.
21 RELATED PARTY TRANSACTIONS
A family member of a trustee provided catering services to the value of £14,087 (2024: £15,465) these transactions are considered to be at arms length.
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BURTON CARIBBEAN ASSOCIATION LIMITED Acompany limited by guarantee DETAILED PROFIT AND LOSS ACCOUNT for the year ended 30 April 2025
| Unrestricted | Restricted | Unrestricted | Restricted | |||
|---|---|---|---|---|---|---|
| funds | funds | Total | funds | funds | Total | |
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | |||
| VOLUNTARY INCOME | ||||||
| Donations | 13,667 | - | 13,667 | 12,285 | - | 12,285 |
| Grants (incl CURS) | 37,995 | - | 37,995 | 21,270 | - | 21,270 |
| Capital Grants | - | 10,747 | 10,747 | - | 16,041 | 16,041 |
| 51,662 | 10,747 | 62,409 | 33,555 | 16,041 | 49,596 | |
| INCOMING RESOURCES FROM CHARITABLE ACTIVITIES | ||||||
| Community activities | 54,727 | - | 54,727 | 52,225 | - | 52,225 |
| 54,727 | - | 54,727 | 52,225 | - | 52,225 | |
| Community | Community | |||||
| Activities | Totai | Activities | Total | |||
| £ | £ | £ | £ | |||
| GOVERNANCE COSTS | ||||||
| Independent examination fees | 825 | 825 | 825 | 825 | ||
| Accountancy fees | 1,371 | 1,371 | 1,155 | 1,155 | ||
| Insurance | 2,528 | 2,528 | 2,367 | 2,367 | ||
| Light, heatand water | 22,817 | 22,817 | 25,378 | 25,378 | ||
| Wages and social security | 12,148 | 12,148 | 10,136 | 10,136 | ||
| Travelling | 2,414 | 2,414 | 2,724 | 2,724 | ||
| Social events & fundraising | 14,450 | 14,450 | 17,480 | 17,480 | ||
| Telephone | 1,836 | 1,836 | 1,625 | 1,625 | ||
| Print, postage and stationery and compu’ | 1,084 | 1,084 | 545 | 545 | ||
| Repairs, renewals & cleaning | 50,471 | 50,471 | 23,296 | 23,296 | ||
| Computer expenses | 600 | 600 | 600 | 600 | ||
| Sundryexpenses | 1,800 | 1,800 | 2,842 | 2,842 | ||
| Professional fees | 360 | 360 | 360 | 360 | ||
| Bank charges | 318 | 318 | 209 | 209 | ||
| Depreciation: Fixtures & fittings | 245 | 245 | 275 | 275 | ||
| Depreciation: Computerequipment | 54 | 54 | 92 | 92 | ||
| Depreciation: Property improvements | 35,582 | 35,582 | 35,582 | 35,582 | ||
| 148,903 | 148,903 | 125,491 | 125,491 | |||
| NETSURPLUS/{(DEFICIT) | (31,767) | (23,670) |
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