RECISTF.RF.D COMPANY NUMBER: 04728521 (En2land and Wgles) REGISTF.RED CHARITY NUMBER: 1107631 iir.i)()IlT ()F Tllb. TIIU4iTf.F.4¥ ANI) FINANCIAL STATF.MF.NT£i F()11 Tiif. YF.AII F.NI)I,:D 31ST,IIILY 2024 ()ii CP LF.AIININ(; TRU6iT A COMI)ANY LIMITI,:I) IIY (:UARAN'fF,r.
CP LF.ARNIN(: TRUST A COMPANY LIMITED BY GUARANTEE CONTF.NTS OF THE FINANCIAL STATEMF.NTS FOR THE YEAR F.NI)F.D 31ST JULY 2024 Pabje R¢lLrencc and adiiiii)islralivc dLlili Is ol, Ilic Lliiiriiy, ils Iriisice5 1£ lid Iidvis¢rs Tru.4tcL's' Annu¢11 Report IndL'pcndeiil E.+iain inL'r's Report SlalL'iiicnl of financi1¢ l Aclivilies Noie5 lo Ihl financial Sialcincnls Dclililed Sii?IcinLnl ol. fin1¢ iicial Aclivilics
CP LF.ARNINC. TRUST A COMPANY LIMITF.D BY C.UARANTEE REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY ITS TRUSTF.F.S ANI) AI)VISF.RS FOR THE YEAR ENDED 31ST JULY 2024 Tru5tecs T Jordan R Broiin S Moore Y Ogden P McGregpor J Wri&?hi (Cliairinan) (Appointed 4, October 20?3) (Appoiiil¢d 4111 Ocl()bci' ?0?3} (AppDiiilLd 4111 Oclober ?0?3} IAppoiiilLd .fjili Marcli ?0?4) Rcgislered Company nunihcr 04728521 (r.ng>l6lnd and Walcs) Registered Cli#rit)' num her 1107631 Registered officc Alliii fiiliirc Eliisiiics.4 Ccnlrc. )elLrb()r()Libli lJii ilL(I l ooibiill Club. Loiidoii Koad. PeiL'rboroiibl). Engl¢11?d I)E? 8AN ndep¢n(leiit exllmincr FILllry '] I2cconi (l.'L A) Si. Iv¢s CaiiibridgTcshir¢ Pl.-?7 5 Pl) Banker5 Lloyds l-SB Bank Plc, Miiii51er Placc. Ely. Caii)bridg?e51)ire CB7 4r.N Page I
CP LEARNING TRUST
A COMPANY LIMITF,I) BY C.UARANTEE
TRUSTF.F.S' ANNUAL REPORT
FOR THE YEAR ENDF.D 31ST JULY 2024
1.he Irusiees ivl)o are also direciors of IliL cli&irilJ' lor Ihe purposes of the Loiiipani¢s Acl ?006. preseni Ilieir rcport iviili
the tinancial slatenienls of Ilie cliarity for the )'ear ended 31 $1 July ?0?4. Tlie Iriislees l)ave 42dopled the provi4i0115 or
Accouniing and Reporting by Cliarilies.. St¥ileiiiLnt ol. Recoini))ei)dcd Pr1< ciice applicable lo cli1( rili¢s prepariiiu IIILir
a¢counis in accordance iviih the fiiiaiicial Reponiiig Standard applicabl¢ iii the UK lind Republic ot Ireland {fRS I O?)
(L.ffcciive l January 2015).
OB,IECTIVF.S AND ACTIVITIF.S
Policics And Objcctivcs
The objeciivcs of IliL Cliiirity are lo proinole 611)d dLv¢lop Il)¢ provisioii of lifcloiig ILarniiig' lor Ihc bJLI)eral publiL.
e4pLciall)' in L aiTilirids?csliirc
ACHIEVEMENTS AND PERFORMANCE Review of Activitie5 July 20?4 Inarked tlie end of another challenging }iear for the Trust due to the continued ii)Ipacl of Ihe Covid 19 pandeinic the additional iiiipacl ofihe cosl-of-livingy crisis and sigi)ificaiii iiiicertainly in Ilie Cliarity sector. Our delivery continued throughout. and ii'c adaplLd our Incihods lo ensure the satety of oiir participant5 and 51aff. Vcnues i¥'erc still restricliiig nLiinbers and participants ivere reluctant lo re-engyagTe l)aving loiv confidence. In ?0?3 ive saw a slow steady recovery, in numbers into 20?4. The Trust saw. Ilie exislingj CEO retire and a neiv CEO recruited lind coillc into post. Tliis sigviiified a pcriod of Iraiisition as Ilie handovLr took place. bui delivery was not disrupicd dliring Ihis period. Thc nLiV CLO Iicqs been locusinbT on iinproviiibi c1nd securingj su8laii)ablc Governance and soinL' i)civ-I'rusiLc% i¥'ere appointed incre1c singy Ilie ski115, kn()IvlLdgie c nd cxpcri¢n¢L' ol. Ilic Board. A locus on idciiiilyiiibi oilicr iiicoiiic sifLalllS 10 11)IprovL Ihe rL'sil i¢li¢L' of thc Ll)<iriiy in 61 s1iiftin&i funding landsc16 pc has bc&iuii. We conliiiucd lo focus on Ihc iv¢llbcin&T of our partiLiPillllS wilh our Kcy and Developi)IL'nl Workers kLpi in rcb?ular contacl lo oflcr support, provided access 10 ongoiiig (2clivilies aiid inforiiiiilion on support ofters <ind Ilic cosl-of-i ivinb, crisis. Tlie bid lo Ihc Nalionii I l.otlery l-leriliqg7C fiind to exicnd the l-,enland Orcliards Projecl lor liirther 3 ycars iViQS successfLII. Wc were ¢iblc lo cclebralc a very po.siliv¢ eilcnicil cv(IIu4?lioi) ol" Ihc iiiiliil13 yC<1rs of Ilie projecl. M¢llly or the projects ivcre dLlivcrcd in %oiiie ol. Ihc 111051 deprived iyards iii IhL' U K. wilh Ilic ov¢r4i11 objeclive of iiiiproviiib Il)L life chances ot ¢1diilis. bolli SOLiiilly and cconoinically. Ihercby ii)IP&iclinbi on tlicir wLllbciiib, that of Ilieir fainiliL% aiid Ihe cominunilies wliLre Ilicy live. 'I'lie .1 rusl LoiilinuLS lo work closcl), %Yilh exislii)b r()riM?I I sli',ilcgic coiiiii)Iinily Ic61ri)ing and .8ki Ils partncr%liips l() cnltirc coiilril)iilioii is ii)¢1dc lo Iocill pi)Iicy <iiid slrq( ILg)' dLvLlopiiiLiii. 'I'IIL '[ ru51'% CLO is involvcd in l)i&li ILVLI Iri1lcbJ IL b?roups iii boili LaiiibridbycsI)irL' aiid l)L'IL'rboroubili. Serviccs succc55fully dtlivered to July 2024 include; NAtional Lollery Heritagc Fu nd: ' Fcnl#nd Orcha rd.s Projcct, This projccl 15 dcsi&yncd 10 higlilibylit the rich hcrilagjc ¢1nd li i.slory of orcl)(Irds lo Ihc Fenliiiid Iifc(i. l.ocal rcsid¢iil$ 41r¢ LncourilblLd lo lecirii Iicrili?b¥c cf¢11'1% aiid partiCiP471¢ iii Iriidiii()n(Il CLlcbrali01is cuiii)CLIL(I lo Ilic orcliiird VL'cif L.s. wa551iiliiib, Blo%%om l)iiy. aiid Apple D<ly. VoliiniLL'r.q 1111 VL %upporlLd IliL dcsigFii, pliiiilii)gy aiid dcvLIopiiiLnl ol. ¢2 coinniuiiity orchard in Wisbcch Lisinbj hcrii4igc roolsloLk. ii)volvii)sy re-iiitrodiiciiib) Ioc411 pro(ILlCL 10 Ilie ¢irLa. devclopin Ivildlil¢. and cncour<i&FinbF 5Lislainabil ity. Tl)e firsl 3 ycars ol"Ihis projccl %vcr¢ suc¢c551'ul ly coiiiplLled, lliid coniinu<l11011 runding has been sccured lo lakc Il)e projL'cl tlirougli lo March 20?7. Community LearninR Trust: 'Community Crafting for Wcllbcing, Tl)is projeci was delivered in 8oinc of the Inost deprived il'ards of Peterborougjh (Ind surroundii)g villages. It is dL'sign¢d 10 encourabie people Io Lngiagyc iviili Il)eir coniiiiunily folloiving Ilie Covid pandciiiic and inipilcl ol. the cosl-ol'.livin crisis Ihrough a series of craft aclivitiC5 and ivorksliops.: To hclp to support people lo fccl Inore confident to r¢-engage viih their coniinunity and learning and to support and iiiiprove Ilieir wellbeing. Clarion Futures: Clarion Green Grant This funding allowed tlie Trust to invesl in facilities oli tlie Orchard sit¢ and erect a poly tunnel. with plcinting lablL's, raised beds and a large deckinL7 area. With the aiin of enijagino more Clarion residents in the Wi5bech area ive arc cngaged in a variety of communily days lo encourage local residents both on and off the orchard site. Page 3
FINANCIAL REVIEW
Reserves Poliey
The Iruslees have establ ished Ilie level of reserves (thai is Iliose flind8 Ihai are frccly avai11¢ ble) Ihat the charity requirLs.
The tnislees have resLrves lo cover liabililies - boih c1Clual and puieiiii1¢ l and iii linl. ii'iih Ilie 'fru%i's policy 10 all()i¥' up 10
three iiionths running costs. providing the opportunii), to searcli foi. altern1¢ live fundinbi slioiild core fiiiidingi c¢asL.
The slaleiiienl of fiiiancial activities sliows incoiiic for ?O?Jl?4 10 be £1 ?9,960. Expendiiurc was £ lJ9.?79. OvLrall
reserves avai lable were £14,413.
b. Prin¢ip#l Funding
"I'lic principlL' fLiiiding7 suiirces for Il)e year were froii)..
C11< rioii Circcn Gr&ini / Clii rion Futurcs
N4iliunal l.OllL'ry' I IL'ril(IbYL l. Lll)d
Coi)iinuiiiiy I,L'<irninb l. Liiid
STRUCTURE, CI)VF.RNANCF. ANI) MANAGF.Mf.NT
ConstitutlDn
I'hc Cliclfii) s b)OVLri)inb docuiilLllI is a ConslilLilion. 11 iq coiisliliilcd by Associqi lioii and Il)¢ Iruslec 5elcciioii iiiciliod
elLclioii by associ1( lioi) iiiciiibers.
l-he l.¢llniin& l)c1rtiiers1iip5 01" Cil l)Ibridgcghire Iiiid Pelcrborougvli sel LIP Ili¢ ¢111lril)' 011 9111 April ?003. to providL'
'coi)IrLicliiib' liic ililj, lor Ilie lil'o fliiL'rsl)ip.5. 1.hc livo l.L'iiriiii)b Pqi riiicr.qli ips .SLII)5Lquciiily i))crgTLd iii April ?no.s. 'I'l)L'
r¥b)1sIL'rL.d iiaiiic ol. Ilic cli¢irily is Q l) I,Liirii ii)g .1 ru%1. Ivill) rL)gijslc'rL'd LOliiPÉllly IiLiiiII)Lr1147?8.S?1 Iliid I'L'bJ i%ILrL'd Lli¢ll'il)'
niiiiibL'r I107()31. -I-IIL rLb?isierL.d Il1)d prii)LIPiil ()rricL (l(Idrcs% 1% 491 A Ili1¢ I. Lilure EILISiIIC.5s LaiiirL. I)L'IL'rb¢)rougTrli lJi}jl¢'d
l oolbiil I Club, Loi)(li)ii Ru(l(I, I)L'IL'rbi)I'OLigli. l=.iibliiiid, Pl-.1 8AN.
ThL' I'nisl's glovcrniiig doLiiiii¢iIIs IL re iii Ilie r(Iri)i ol, ArticlLS ol. A8%oLiiilioii 11(1 Mciiior<iiidLllii of- A%%ociiilioii. 'l-IIL
doLuiiicnls Coiil Ii'iii Il)Ii I Il)e '] rLISI l%'¢1S consliliilcd qi % sIIoiviic 1 bov¢. A iiiii)iiiiiii)i ol'ilirL'c Iru%lLcs is IiCCCSS¢lry' l()r IliL.130iird
ol. M(2niqglL'illLiII. Iviili no iippcr I IglLif¢, ¢i.S
PLANS FOR FUTURE PERIODS
Future developments
As indicated above, Il)e Tru%1 is nianagiiigj the Stil l unkno,11 cl)alleiigJes th1( I lay ahead due to IhL' Covid 19 pandcill ic. WL
arL' confideni Il)1( I wc wil I i))anag?c Ihese, ad<ipliiig? as iiL'cessary and iviilioul l1)5inu our focus on accLssibli leariiiiigi c111d
Ihe buildingi of coiniiiunities. l-lie l-riist is slill planniiig for girowih and our Siralegyic Plan is noiv ivell L'51ablished M'ill)
activities coininenced lo address Ihe fol lowing slralcgic Iheines.
CP Learn ing Trusi will coniinue 10 develop and del ivcr iniiov¢ltlVL 11)odels ol. learniiig lo iiieel Il)e ideiililiLd
needs of our l1lfb7el iiidividuols Iliid coiiiinuiiilics
CP Le6lrnii)g Trust ivill build 1¢ nd iiiaiiilc1ill 91 ri cffeclive ¢qiid positive liisl) profile
CP l.caniiiig 'fi'usl ivi11 slrivc to conlinuouqly iiiiprovL 111 (111 (qspecis of its opcralions
CP l.Ccirnins .1 rLisI ivi11 &Tf()IV <ind iiiaiiil<lill %lroiiby lji)4inci&il b(lSL'
rvidciicL' link.4 11)OSL di.%&idvill)11c &Tcd by Il)eir cdiiccltional Lind Liiiployii)ei)1 %11( liis i%'iili iii?s ny Ir1( Ils of POVLrly il % l%'LII il%
loiv Icv¢ls ol. h¢,Ili11 1( lid ivcllbLii)g.
-vidcnLc 1<150 LKis15,1)OlVLVL'r. 10 dLiiioii%if(Iic IIIL 4ir()ngi | ji)ks belivi'¢ii Piirlicipiilioii
iii leari)inb) and iiiipr()vL'd lie¥?Iiliq (lid SOCi611-L'coiioii)iL ivclll)c'iiig.
luliire.
Trustce.%' Rospoii.sibilitios .Filatcnient
'riiL' IrLisILLs (Ivlio i( fL' cilsc) dirccl()r% ol. Cl) l.Cciri)iiib -I'riisl lor IIiL piirposL's 1)I'L()1111)ciliy lai¥'l (IrL' rL'%poiisil)IL' lor prLpciriii
IhL 'I"riislCCS Aniiiicil Kcporl (Iiid Ilic fiii¢lllCi(11 %14qlcii)c'i)Is ii) ciccorclcincL iviili appliciiblL' laiv (Ind Ui)ilLd Kinbpdi)Iii
Accouiiiii)b Si(In(l
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CP LEARNIN'C TRUST
A COMPANY LIMITED BY GUARANTEE
Independent examiner's reporl to the trustees of CP Learning Trust ('the Company,)
I report 10 the charity Iruslecs on m), e.iaii)illiilion of Ilie <iCCOUI)Is of Il)e Coiiipill) )' foi. 11)e )Jear endcd ) I qi Juls, ?0?4
whi¢li are set out on pag)es 7 to l ?
Rcsponsibilities and basis of report
As (he ch41rily'S truslics ol. Ilic Coi)Ipany {&1nd also lis direciors for Ihe purposes ol. COlllPi?iiy laiv) you IK re rcspoiisiblc for
the prepioralioii of Ilie accolinls in 11 ccordcllicc iviili the requ ireiiieiils of Ilie Coiiip441ii¢S Act ?006 ('Ihc ?006 Acl,).
l-l
CP LF.ARNINC. TRUST A COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST.JULY 2024 2024 2023 Unrestricted Funds Restricted Funds Total Funds Tollll INCOMF. FROM Donaiions and les)acies 461 1 ?9.499 1 ?9,960 139,081 TotAI 461 1 ?9,499 1 ?9,960 139.081 EXPENDITURF. ON Charil4oblc activities (841 (139,195) (139.?79) (119,5.$8) NFT INCOMEI(EXPENDITURE) 377 (9,696) (9.319) RF.CONCILIATION OF FUNDS I'olal funds broughi forw&1rd 591 ?3,141 23.73? TOTAL FUNDS CARRIF.D FORWARD 968 13.44.S 14.413 The notes fomi part of the financial statements Page 7
CP LEARNING TRUST A COMPANY LIMITED BY GUARANTEE BALANCE SHEF.T AT 31ST JULY 2024 ?0?4 Total funds Uiire51ricted fuiid Reslricled fuiid Total fiiiids Note FIXED ASSETS T1& llLyiblc assets CURRENT ASSETS l)cbiors Cash Ill bank iiiid in liand 808 1.8.$5 106 60,?08 914 6?.063 18.8?6 8.64 2.663 60,314 62,977 27,466 CRF.DITORS Aiiiounts t"allin&i duc iviiliin oiic year (1,695) (46,869) (48,.fj64) (3,734) NET CURRF.NT ASSF.TS 968 13,445 14.413 TOTAL ASSF.TS Lf.ss CURRENT LIABILITir.s 968 13,445 14,413 ?3.73? NET ASSETS 968 13,445 14.413 93,73? FUNDS Ui)rc.51ricied fuiid Rcslriclc(I l.'Lll)ds 968 13.44.S TOTAL FUNDS 14.413 Thc charitable company is cntiilcd lo exeiiipiion froin audil undcr Scclion 477 of thc Companics Acl 2006 for Ilie ycii r cndcd 31 51 July ?0?4. I'lie meinbers have not required the coinpany lo obtain Iln <iudit of lis Iinancial slatLinenls for tlie year end¢d 31 sl July 20?4 in IlLLordancL iviili Seclion 476 of Il?c Coiiipai) ic5 Acl ?006. The Iruslccs iicki)oiYlcdgiL' Ilicir respoi)sibiliiic.% for (a) Lllsuriiib Iliiil tlie cl)ariliible coiiipaiiy keeps accountingy rccord5 ihal ¢oinply wilh Sections 386 and 387 01. Ilic CoTnpanics Act ?006 and preparing financial slaten)ciils ivhich &Five a Iruc and f1¢ ir view of the slc?le of affairs of Ilic cl)ariiable company Ils al Ilie end of eacl) Iincincial year and of ils siirplus or dclicil lor Lcicli fiiiii iicial ye&ir ii) accordancL iviil) Il)L requireinenis of Seclion5 394 <iiid 395 and wliicl) oiliLrivisL comply iviili Ili¢ reqLiireiiienls of IliL Coiiipani¥s Acl 2006 r¢laliiig lo Iiiiancial slalemenis. so far <iS applicable lo Ilic charilc1ble coiiipan}'. {b) These financial sli( lenienls have been prepared in accordance ivith the provisions applicable lo charilable compan ies subjeci 10 the snial I coinpanies regin)e. The financial staieiments were approved by the Board of Trustee5 on ?5ih May ?025 and were signed on its behalf by.. T Jordan -Trusiee Pagc 8
CP LF.ARNING TRUST
A COMPANY LIMITED BY CUARANTEE
NOTES TO THF. FINANCIAL STATF.MF.NTS
FOR THE YEAR ENDED 31ST JULY 2024
ACCOUNTING POLICIES
Basis of preparing the finaneiAI statements
The finaiicial slatenients of the charilable conipai)). Ivliich is a public benefit entity under FRS I O? havc bL'Ln
prep4qred in accord1¢ nce ii'iili tlic Cliiiriiics SORP (FRS I O?) 'Accoiiiiling? lind Reporting by Cliarities-. Siiilciiicnl
of Recoi)Iii)cndcd Praciice applicable to cl)arilicq preparing their accoiinls in accordai)ce ivith Ilie Fiiiciiicial
Reportinby Stand
CP LEARNING TRUST
A COMPANY LIMITF.D BY CUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR EN'DED 31ST JULY 2024
STAFF COSTS
The
CP LEARNING TRUST A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENT.S- CONTINUED FOR THF. YEAR FNDED 31ST.IULY 2024 MOVEMENT IN FUNDS- continued Nei niovemeni in fuiids Comparatives for Inovement in funds At 1.8.?? At 31.7.?3 Unrestricted Funds 2,9?4 (2.333) 591 Rc5trieted funds ?1,856 ?3,141 TOTAL FUNDS 4.?09 Coiiipuralivc iiel moveincnl in funds, included in tlie above are as follo%vs', Incoiiiin rcsourLcs Resources cxpLiidcd MovcmLiil iii Un reslricled funds 9.6.$4 (11,987) (? 333) Re$trlctcd fuiids 1 ?9.4?7 {107.571) ?1,8$6 TOTAL FUNDS 13C).otI I 119..S.$8) 19..S?3 A currenl yeiir 12 iiionihs and prior year 12 iiiDnths coi)Ibined posiiion is il % follo%vs'. N¢( IllOVLIllLiII in luiid At 1.8?2 Al 31.7.?4 Unrcstrietcd funds (1.956) 968 Re.striclcd funds TOTAL FUNDS 4.?09 10,?04 14.413 A currLnl year l ? Inoiiihs and prior ycii r l ? iiioiiihs coii)bincd ncl Inovcineni in funds, iiicluded in Ihe abovc arc as folloivs.. IncoiTI11)b resourLes ResoLifcLS cipciidcd MoveniLiII ii) fui)d5 Unrestrictcd funds 10,115 (12.071) {1.9561 Restriclcd funds ?58,9?6 (?46.766) 12.160 TOTAL FUNDS ?69.041 258.837) 10.?04 Pagye I I
CP LEARNING TRUST A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATF.MENTS- CONTINUED FOR THF. YF.AR ENt)F.t) 31ST JULY 2024 MOVEMENT IN FUNDS- continued NLt movLlI)eni in fuiid% Comparatives for movemeni in funds Ai 1.8.?? At31.7?3 Unrestrictcd Funds ?,924 (?.333) 591 Restricted funds 21.856 23,141 TOTAL FUNDS 19,5?3 ?3,73? Coinparative net Ixoveiiient in funds, included in Ilie i?bove arc as follows: Incoi)iiiib rcsolirces RLsoiircLs c.KpLiidLd Moveiiiei)i iii Unre.%trietcd fuiids 9.654 (11,987) (?,333) Restrlcled funds 1 ?9,4?7 (107,.$71) 21,8.$6 TOTAL FUNDS 139.081 119,$58) 19,.S?3 A current yec1r l ? 11i01i1115 and prior y¢ar l ? Inonihs coinbii)cd posilion is as lollow5'. Ncl iiiovLinLiil Al 1.8.2? Al 31.7.?4 Unrestricted funds ?,924 (1,956) 968 Rcstricted funds 1,285 13,445 TOTAL FUNDS 4.?09 10.?04 14.413 A curr¢nt year 12 months and prior year l ? monihs coi)Ibined i)el ii)oveiMent in funds. iiiclud¢d in the above (ire as folloivs.. Inconiing ri'sourcls Resources cipei)dcd Movcftiliil in fiiiid4 Unrestricted funds 10,115 (1? 071) (1,956) Restricted fund5 ?58,9?6 (246,766) TOTAL FUNDS 269.041 258.837) 10.?04 Page 12
CP LEARNING TRUST A COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024 Unre5tricled Fund Reslricled Fund I'otal ?0?3 20?4 INCOME FROM Donations and le2acie5 ccp HLI.. Cainbridgc CominunilS' FoundlT lion Clarioi) Coiiiiniinity Green Grani ?0 'rivLniy Produciion Bllo Cl.l.D BellLr Brcllon Duiic11ions Ollicr incoiiie 17,000 99,355 9,279 3,1?4 741 17.000 99.35.S 9,?79 3,1?4 741 11,$47 78.314 3.5.634 ?52 ?09 ?5? ?09 Total incoming resources 461 1 ?9.499 129.960 EXPENDITURE CharltAble cxpcnscs WagFes and sub-coniriicl Rcnl and rales 49,6?? 184 49,6?? 184 79.033 Insurance Subscriptions TLILphonc P051ci&1¢, slcilioiiery <111d i?dvLrtisinb Stal'l. and Irllvcl c051s Coursc dclivcry costs CoiiipuiLr costs Accounlancy LegTal <ind professional fees Sundry cxpcns¢.s Bai)k charbTCS Dcpreciation 1.616 214 994 382 543 1,616 ?14 994 38? 1,6?? 6?? ?.11.$7 1.746 1,168 2,236 1.168 2.?36 ?.35? 64 84 84 77 Total resources cxpcnded (84) (139.195) (139,?79) 1119,.S.58) Net incomel(expenditure) 377 (9,696) (9.319) This page does not form pan of the statulory financial slaiements Page 13