REGISTERED COMPANY NUMBER: 04639520 (England and Wales) REGISTERED CHARITY NUMBER: 1107248
Strategic Report, Report of the Trustees and
for
Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG
ETHNIC MINORITY CENTRE LIMITED
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Strategic Report | 1 | ||
| Report of the Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
ETHNIC MINORITY CENTRE LIMITED
Strategic Report FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their strategic report for the year ended 31 March 2025.
Approved by order of the board of trustees on .............04/11/2025...................... and signed on its behalf by:
...................................................................... Mrs R Ahmad - Trustee
Page 1
ETHNIC MINORITY CENTRE LIMITED
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
The Ethnic Minority Centre (Ltd) is based in Vestry Hall since 1980. It was registered with Charity Commission and Companies House in 1988.
Raihana Ahmad (Mrs.) Chair, Ethnic Minority Centre (EMC)
In last 37 years the EMC is dynamic advancing to need of the time, also ready to face any challenges. It is a team work, hence I would like to thank and express our gratitude to each and every one at the EMC including our service users, the staff at the Vestry Hall and our well-wishers and friends in London Borough of Merton, NHSWLondon, Clarion Future, Wimbledon Community Foundation, Merton Connected, Health Watch, Social Prescribe, Vestry Hall, Mitcham Library, London Borough of Merton are just a few to mention. The auditors The Owadally & King Partnership will continue in accordance with the Companies Act.
Vice-Chair: Gene Bovell as a trustee of the EMC, I am proud to present our continuous achievements throughout this year. Since 1988, the EMC has gowned and earned continuous popularity. Our aims to bring communities together, build community cohesion, and improve the quality of life for BAME communities within the London Borough of Merton and neighbouring areas. This year, we have continued to uphold these principles, creating a welcoming environment that truly feels like a second home for our members and service users. I am glad that we have developed new projects, funded by Wimbledon Community Foundation for educational and for key Salary for our current project director for managing this 2 years project, LBM Sports funding and ICB NHS. I am happy to announce that our project director's designation is now managing Director.
Treasurer: Manjula Jude Ramash unable to continue this post due to unavoidable circumstances. Hence Roy Kumar will be the temporary Treasurer until the next AGM as this post should not remain vacant.
RK said, " I would like to thank EMC for their good effort to succeed its goal". I am pleased to help EMC with its accounts, oversea the expenditure. I will try to help EMC as much as I can and the communities.
General Secretary: Jeyaseelan Thirukkumaran
I am happy to give this report, The EMC has been active in the London Borough of Merton since 1988 and its aims and objectives have always been "to bring the communities together, build community cohesion and improve the quality of lives of the BAME communities living and working within the London Borough of Merton" and neighbouring boroughs.
I would like to thank and express our gratitude to everyone at the EMC, including Sabitri Ray who is tirelessly working and improving the EMC's activities and service user's needs. Our lovely service users, staff, the staff at Vestry Hall, volunteers, partners, funders, Well-wishers & friends in the London borough of Merton, NHS-SW London, Wimbledon Community foundation, Merton connected, Social Prescribe, Health Watch. The EMC is a safe environment for helping each other grow and building a better community within Merton, London, as global citizens.
Committee Member: Cllr Joan Henry- Councillor Pollards Hill Ward, 58th Mayor of London Borough of Merton for the 2022-2023
I joined the Ethnic Minority Centre Ltd based in Vestry Hall Mitcham as a member in 2015, since them I have been working closely with the management team and volunteers, staff engaging in event activities and projects.
The EMC Ltd is a people's people community, it brings out the best in everyone who are engage in the services that EMC provides from swimming, craftwork, Maths, IT and English for beginners, exercise sessions, cycling dancing, garden parties, and trips to the sea-side.
The Covid19 Pandemic was a significant threat to the EMC community as most of the face-to-face activities had to ceased, and unfortunately some of its members no longer with us.
In 2022 EMC senior service manager sadly passed away, that created another down fall for EMC community. However, with all the downfall that did not stop EMC Ltd values and progress to rise, and reform a great team of volunteers, trustee and service users under the management of Mrs Sabitri Ray and her management team. To date there are 9 Trustees, 32 Volunteers, and over 3,000 service users, who happily supports and takes in various activities five days a week.
Page 2
ETHNIC MINORITY CENTRE LIMITED
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
I am very proud to be one the nine Trustees at EMC Ltd, and I would like to give my honour of thanks to the following organisations that supports the rising of EMC.
London Borough of Merton, Clarion Future, Wimbledon Foundation, Merton Connected, Health Watch Merton, NHSW London, Social Prescribe and many others, without their support EMC could not be able to reach out to over 3,000 service users in the BAME community and others.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The activities of the company are that of voluntary community work. This is an umbrella body for black minority ethnic organisations, whose aim is to improve the quality of life of Merton communities.
Trustees
The Trustees who served during the period and up to the date of this report are set out on page 5.
None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Trustess Responsibilities
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 Company and of the surplus or deficit of the Company for that period. In preparing those financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently.
-make judgements and estimates that are reasonable and prudent; and
-prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 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 the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
ETHNIC MINORITY CENTRE LIMITED
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Achievements and performance
This year, EMC has witnessed tremendous teamwork and collaboration across all departments. Our dedicated staff, volunteers, and supporters have worked tirelessly to organically grow and enhance our programs. I would like to extend my heartfelt gratitude to everyone involved, including:
Sabitri Ray - who has worked tirelessly to enhance EMC's activities and respond to the evolving needs of our service users.
Service Users and Staff - for their dedication and contributions to the EMC's mission.
Vestry Hall Staff, NHS-SW London, Wimbledon Foundation, Merton Connected, and Wimbledon Guild - whose support has strengthened our ability to serve the Merton community effectively.
Community Impact and Development
This year, we have not only provided a safe space for individuals but have actively contributed to building a stronger community. EMC continues to foster connections and provide services that support personal growth, mental well-being, and resilience within the BAME communities we serve. Through our partnerships with local organizations and community members, we have made meaningful strides in enhancing community well-being.
Looking Forward
The EMC remains committed to adapting and expanding its services to meet the evolving needs of our community. Together, we will continue our work to build a more connected and inclusive Merton, empowering individuals to thrive as global citizens.
Thank you all for your dedication, support, and belief in the mission of EMC. It is with great anticipation that we look forward to another year of growth, connection, and impact.
FINANCIAL REVIEW
Financial review
EMC's reserve policy is in place to ensure the ongoing financial stability of the organisation setting aside monies for the long-term goals and ensuring that those funds will be available when needed.
This policy has been adopted to safeguard the assets of Ethnic Minority Centre Ltd. (EMC) so far as possible and to provide clear procedures for controlling the finances of the organisation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk Statement
Trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04639520 (England and Wales)
Registered Charity number
1107248
Page 4
ETHNIC MINORITY CENTRE LIMITED
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
Registered office
The Vestry Hall 336 London Road Mitcham Surrey CR4 3UD
Trustees
NAME OF PERSON (OR BODY) ENTITLED TO APPOINT TRUSTEE (IF ANY)
TRUSTEES NAME OFFICE (IF ANY) At the AGM through election by the affiliated organisation & Committee Mrs Raihana Ahmad Chairperson members At the AGM through election by the affiliated organisation & Committee Gene Bovell Vice-Chair members At the AGM through election by the Jaysaleen Thirukkumaran General Secretary affiliated organisation & Committee Roy Kumar Temporary Treasurer Appointed until next AGM Members at the AGM through election Cllr Joan Henry Committee Member by the affiliated organisation Members at the AGM through election by the affiliated organisation and Ramila Patel Committee Member committee Members At the AGM through election by the affiliated organisation Daksha Mistry Committee Member and committee Members At the AGM through Orvill Simpson Committee Member election by the affiliated organisation Members At the AGM through Joua Paul Cota Committee Member election by the affiliated organisation
Independent Examiner
Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG
Advisers
| Advisers | ||
|---|---|---|
| TYPE OF ADVISOR | NAME | ADDRESS |
| Merton Connected, Vestry Hall, 336 | ||
| General adviser | Beau Fadahusi | London Road, Mitcham, CR4 3UD |
| Merton Connected, Vestry Hall, 336 | ||
| Community accountant | Genny Jones | London Road, Mitcham, CR4 3UD |
Approved by order of the board of trustees on ..............04/11/2025...................... and signed on its behalf by:
...................................................................... Mrs R Ahmad - Trustee
Page 5
Independent Examiner's Report to the Trustees of Ethnic Minority Centre Limited
Independent examiner's report to the trustees of Ethnic Minority Centre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Farook Owadally FCCA
Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG
04/11/2025 Date: .............................................
Page 6
ETHNIC MINORITY CENTRE LIMITED
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 73 43,798 Investment income 2 187 - Total 260 43,798 EXPENDITURE ON Raising funds 3 170 33,162 Other 59 13,867 Total 229 47,029 NET INCOME/(EXPENDITURE) 31 (3,231) RECONCILIATION OF FUNDS Total funds brought forward 8,587 40,836 TOTAL FUNDS CARRIED FORWARD 8,618 37,605 |
2025 Total funds £ 43,871 187 44,058 33,332 13,926 47,258 (3,200) 49,423 46,223 |
2024 Total funds £ 57,010 98 |
|---|---|---|
| 57,108 | ||
| 33,802 11,352 |
||
| 45,154 | ||
| 11,954 37,469 |
||
| 49,423 |
The notes form part of these financial statements
Page 7
ETHNIC MINORITY CENTRE LIMITED
Balance Sheet 31 MARCH 2025
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 116 - CURRENT ASSETS Debtors 8 - 560 Cash at bank and in hand 9,334 48,318 9,334 48,878 CREDITORS Amounts falling due within one year 9 (832) (720) NET CURRENT ASSETS 8,502 48,158 TOTAL ASSETS LESS CURRENT LIABILITIES 8,618 48,158 CREDITORS Amounts falling due after more than one year 10 - (10,553) NET ASSETS 8,618 37,605 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 116 560 57,652 58,212 (1,552) 56,660 56,776 (10,553) 46,223 8,618 37,605 46,223 |
2024 Total funds £ 146 765 61,955 62,720 (2,092) 60,628 60,774 (11,351) 49,423 8,587 40,836 49,423 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
ETHNIC MINORITY CENTRE LIMITED
Balance Sheet - continued 31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on .................04/11/2025.................. and were signed on its behalf by:
............................................. R Ahmad - Trustee ............................................. G Bovell - Trustee
The notes form part of these financial statements
Page 9
ETHNIC MINORITY CENTRE LIMITED
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 187 | 98 |
continued...
Page 10
ETHNIC MINORITY CENTRE LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
3. RAISING FUNDS
Raising donations and legacies
| Other direct costs Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2025 £ 33,331 1 33,332 2025 £ 30 |
2024 £ 29,662 4,140 |
|---|---|---|
| 33,802 | ||
| 2024 £ 36 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,456 51,554 Investment income 98 - Total 5,554 51,554 EXPENDITURE ON Raising funds 2,981 30,821 Other 2,960 8,392 Total 5,941 39,213 NET INCOME/(EXPENDITURE) (387) 12,341 RECONCILIATION OF FUNDS Total funds brought forward 8,974 28,495 |
Total funds £ 57,010 98 |
|---|---|
| 57,108 | |
| 33,802 11,352 |
|
| 45,154 | |
| 11,954 37,469 |
continued...
Page 11
ETHNIC MINORITY CENTRE LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| TOTAL FUNDS CARRIED FORWARD | 8,587 | 40,836 | 49,423 | |
| 7. | TANGIBLE FIXED ASSETS | |||
| Plant and | ||||
| machinery | ||||
| £ | ||||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 22,087 | |||
| DEPRECIATION | ||||
| At 1 April 2024 | 21,941 | |||
| Charge for year | 30 | |||
| At 31 March 2025 | 21,971 | |||
| NET BOOK VALUE | ||||
| At 31 March 2025 | 116 | |||
| At 31 March 2024 | 146 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Prepayments | 560 | 765 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | 832 | 1,372 | ||
| Accrued expenses | 720 | 720 | ||
| 1,552 | 2,092 |
continued...
Page 12
ETHNIC MINORITY CENTRE LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals and deferred income | 10,553 | 11,351 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.24 | in funds | 31.3.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 8,587 | 31 | 8,618 | |
| Restricted funds | ||||
| Restricted Fund | 40,836 | (3,231) | 37,605 | |
| TOTAL FUNDS | 49,423 | (3,200) | 46,223 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 260 | (229) | 31 | |
| Restricted funds | ||||
| Restricted Fund | 43,798 | (47,029) | (3,231) | |
| TOTAL FUNDS | 44,058 | (47,258) | (3,200) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 8,974 | (387) | 8,587 | |
| Restricted funds | ||||
| Restricted Fund | 28,495 | 12,341 | 40,836 | |
| TOTAL FUNDS | 37,469 | 11,954 | 49,423 |
continued...
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ETHNIC MINORITY CENTRE LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 5,554 | (5,941) | (387) |
| Restricted funds | |||
| Restricted Fund | 51,554 | (39,213) | 12,341 |
| TOTAL FUNDS | 57,108 | (45,154) | 11,954 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,974 | (356) | 8,618 |
| Restricted funds | |||
| Restricted Fund | 28,495 | 9,110 | 37,605 |
| TOTAL FUNDS | 37,469 | 8,754 | 46,223 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 5,814 | (6,170) | (356) |
| Restricted funds | |||
| Restricted Fund | 95,352 | (86,242) | 9,110 |
| TOTAL FUNDS | 101,166 | (92,412) | 8,754 |
continued...
Page 14
ETHNIC MINORITY CENTRE LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 15
ETHNIC MINORITY CENTRE LIMITED
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 73 | 296 |
| Grants | 43,798 | 56,714 |
| 43,871 | 57,010 | |
| Investment income | ||
| Deposit account interest | 187 | 98 |
| Total incoming resources | 44,058 | 57,108 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Other direct costs | 33,331 | 29,662 |
| Other | ||
| Rent and service charges | 9,637 | 11,352 |
| Support costs | ||
| Management | ||
| Telephone | 2,276 | 2,141 |
| Postage and stationery | 50 | 18 |
| Sundries | 349 | 69 |
| 2,675 | 2,228 | |
| Finance | ||
| Insurance | 601 | 536 |
| Bank charges | 74 | 88 |
| 675 | 624 | |
| Other | ||
| Computer expenses | 131 | 72 |
| Governance costs | ||
| Accountancy and legal fees | 780 | 1,180 |
| Plant and machinery | 29 | 36 |
| 809 | 1,216 | |
| Total resources expended | 47,258 | 45,154 |
| Net (expenditure)/income | (3,200) | 11,954 |
This page does not form part of the statutory financial statements
Page 16