KF.GI.%TF.RF.D C.11.4RI"I') N1114*lBF.R: 111Tr8U1g
REPOR'I. Ol* -I'FIL TRUS'I"EES IINI)
UNAllI)I'fEI) FIP4.4NClIll. ¥l'A'fEMENI'
FI)R I'IIF: )'Tr..4R F.NDED 30 .IIINF. 21124
I,"UR
TIIF, FRIF.NDS nr soi,Tr:SiVlk:.S
B¢'rring7ers LLP
Cli<lrtered plccoiiiiiaiils
L%'¥oii F10115
50 Loiidon Road
Broillle>
Kciii
t4RI IRA

THE FRIENDS OF SOLESi¥lbS
CONTENTS OF THE FINANCIAL STATENIENTS
for ihe yeay tnded 30 June 2024
Page
Reference *nd 8dminislr2tii'e del*ils
Report ol the trustees
Indepondenl examiner's report
StRtemtnt of finjiici#l 4clii'ilies
BAIAnee sheet
Notts to the finAnciThl sIAtemenls
Delailed stAtemtnt of finAnciAI activities
12

I'IIF FRIENDS QF S0L,E.s￿.1E.s
REFEREINCE ATr4D ADNIINISTRATIVE DETAILS
for the yo*r endL.d 30 June 1024
TRUSI'I.-I=, S
A De La Rocl)loucaiild
S De La RoclifoLicaiild
X J J P Dr La Rocliloiicaiild
PRINCIPIll...*DDRLSS
c o Ch¥lrles Riissell Speechl! s LLP
S Fleei Place
Loiidoii
EC4N,17RD
RF.flS'I'F.RkD C14ARITI
NllIMIIF.K
1108vii)
INIJF.IJEl4iDENT EIAMINER
Berrliiglc￿ LLP
Cliariered Flccoiiiildiils
L) uioii 14oiise
50 London RoH(I
Bruii)ley
Keiii
EIRI .3R4
SOLICITORS
Cl)arles R1155ell SpeL'clilys LLP
S Fleei Plli ce
L.01)doii
EC4M 7RD
Pu8e I

THE FRIENDS OTr soLES￿lEs
REPORT OF THE TRUSTEES
lor the year ended 30 June 2024
Tlie Ini.4lees present ilieir report willi ihe financial staienieiits of (he rliarity for Ilie year ended .)U June 2024. Tlie
trustees have adopted Ihe provisions of Accounling and Reporting by Cliarities.. Siaiemenl of Recommended Pia¢tice
applicable ¢0 cliarities pYepai'iii& Ilieir accounis li) acLordaiic¢ iviil) Ihe FiiiaiicTal Reportiii£ Siai)dard applicablc Iii the
UK aiid Republic of ITelaiid IFRS 102) [e￿eLl1Ve l Jsiiuary 2019).
0￿ECTIVEs AND ACTIVITIES
Objeelives xnd ainis
The Charityi was established as a chariry, iii 2004 iviili the specific cliaritable objett of th¢ advanceinenl of th¢ Ronian
Cailiolic faitli Ilirouglioiir tlie ivorld includin8. ii) particulai., bul iviihoiil prejiidice 10 ilie g¢ncralily of the forc￿¥011)g the
Pr￿]70t10￿ of the Bei)edictiiie Order aiid has applied Ili¢ Cliar¢ty Fuiid ai)d tlie iiieonie deriv¢d troi11 li accordiiib71y.
In gcneral ter1115 the -l-r115tees consider rhe position at their I'eLTriilar meetin¥ and dvnatioiis are iiiude as tl)e) de¢n)
appropriaie.
Publie b¢n¢fit
Th¢ Tnjsrees have referred Iv Ilie ¥uidan¢e contained in tlie Charity Coinmission s f
penei'#1 guidAii¢e oll public benefil,
ai)d iii particular ilie giiidaiice oi) ¢liariries for tlie dvaiiceiiieiit of r¥ligroii, Ivliei) rcvieivingy Il)e Cl)aTity's aiins &1)d
objectives aiid iii plaiiiiri)g fulLifL Ilctiviiies arid d¢cidiiig oil Ilie girai)ts for tlic year. The Objectives uiid ActiviliL's sectioii
of Ilie report provide Th brief siiinittllry of ilctivilics undertaken.
GranlmAking poli¢y
Tlie triist¢es Inade 8rntils lo Beiiediciine instilulioiis 10 furtlier eiiRble Ilieiii ￿ pyoiiioie Ilie Cailiolic fdiili iliid siippori the
Bencdicline Order.
FINANCIAL RF,VIEW
Flnincial Reviei4' Resen'es Policy
Tlie TruslL'cs do Iiot seek IL) ¢iise nioiiey Iroiii tli¢ ¥eiieral public siiicc fllndiiig is obiaiiled troi)I private doi)atioi)s. A5
Ili¢ fuiid ¥oiisisls solely of ca511, the Ti'iisleeg have iiol coiisidered ilie appoiniiiieiit i)f iiivesliiiciii advisor5. I-low'ever, Ilie
Clilrity Deed coiifeis on Ih¢"fiiistees veiy ivide poivers of inve51iiienl.
"I'l)e "I nisrees do iiol seek lo riisc nioiiey fro￿1 ilie geiieral public siiice fuiidiiig is ubtaiiied froii) private doiiaiioiis. As
Ilie fuiid coiisisis solcly ofcasl), the Ti'usiee5 have iiot coi)sidered Il)e appoiiiiiiieiil of iiivesiiii¢iii ad¥'isors. How¢vcr, Ilie
Cliarity Deed coiifci's on flie Triisiees veiy ivide po¥vers of invesiiiieiii.
Tlie Trustees 110rn)olly aiii) lo speiid Ilie iiieoiiie arisiiig it) ally oi)¢ year. 111 Sor￿¢ y¢ftrs, Ilie applicalioiis do 1101 ju51ify
e,xpeiiditures to (his level aiid Ilie applic¥tble fLiiids are carried fotw.ird to ilie next period. Iii oil)er years, birai)ts exc¢ed
the inconie for ihe y¥ai' iii qiiestioii, necessilalii)¥ resort to incoiiie a¢cui)iulated as siii'p1115 reserve5." £23.776 01) 10 Jiine
?024 {202i.' £3.009},
Cliariiable gi'aiiES were niade iii Ille year of £11 !88 12023., E36,3831. EApeiidiiure relatiiig io ilie iiiaiiagei)ieiit 4111d
adininisli'aiion of Il)e Clisrity aiiioiiiil¢d lo £7,987 (202i.' £2,1221.
STRucfuRE, GOVERNANCE AND MANAGE￿IENT
Governiiig dociiment
Tlie clioriry is coiilrolleit by ils goveniiiig docuineiil. 8 de¢d of irust aiid coiistitiites ali uiiiiicoiporated cliariiy.
Deed dated 4 JLine 2004 eslablislied Ihe Cl)&rify. Nciv Ti'iislees al'e apwii)ied lry re50111lioi) of Ilie Triisiees iii accoi'daiice
vith the iei'iiis of Ilie 4 Jiine 2004 deed. Indii¢tion aiid .1 rainiii¥ for Neiv Triislee$ is pi'ovidLd iYh¢n relevailt. li ivoiild be
Ilie rrspoiisibility of tlie seiiior Iruslee lo explaiii tlie iielv Trustees re5poiisibililies ai)d d￿tIes, Ivlii151 providiilg copi¢s of
Ilie Cliarity iiistiiJniei)t. PASI accoLiiils ai)d suid81)ce 1700kleis providLd by tlic C112rilJ' Coniiiii55ioI)_ No special skills are
required as tlie Cliaril)" does nol pirjvide a service. Tlicrc sliall be &t least ) TrLlStees, in aCCDrdance willi Ili¢ Deed.
Ri3k Tn%n8genienl
Tlie Tnistecs Iiav¢ coiisidered the ii)aiii aT¢as of risk ai)d are ofilie opii)ioii that tlie Charity lias Ilie resources aiid systetns
that, Lindei" noiinlll ¢oiidilions, will &llow these risks to be niiligdted Io dn a¢ceplable level in ils day-to-day operations. Iii
particiilar, tl)e TrLlSt¢es do iiol eiileF Ilito ¢oiiiiiii(nieiilS il) excess of ilieir available casli resoiiires aid ils a resiilt thes
operate ill Y4 veiy loii, risk ei)viroiiiiiei)i. Aiiy diDP IJE iiicoiI?e received ivill be i)Ihlcl)ed by ali approprillte reductioii in
eypetidilufe.
Page ?

'I-H fr. FRIF.NI).% UTr .S(.>I,I.:SN.IES
REPORT OF TIIE TRU.STF.ES
foi. the veiir ended 30 Jiin¥ 2024
-a kL>ili1uu¥￿i11d - '[ riislLe
Pa8e 3

INDEPENDENT EUI¥IINER'S REPORT TO THE TRUS'fELS OF.
THE FRIENDS OTr SOLTr.SMCS
IDdepeTrdtnt txAminer'5 report to the trustees of The Friends of Solesmes
I report io tlie cliarity, trusrees 013 111), exaniinatioii of the accouiiis of Tlic Frieiids of Sole5nies Itli¢ Trust} for ilie year
elided 30 Julie 2024.
Re5pnnsibiliti¢s and basis of report
As rlie cli3ril) Irusiees of Ilie Trusi you are re5poiisible for Ilie preparation of tlie acLOllI)t$ 117 aLcDrdai)ce i%'iili tlit
requiren)eiils of tlie Charities Aci 2011 I'ihe Act,).
report iii r¥speci of Iny exaiiiii)aiioii of lh¢ Tru￿,$ accouiils carried out uiider Seciioii 141 01. Ilie Act arid iii cairyiiig oiii
my cxaniiiia(ioii I Iiave folloived all api)Iic8ble Direclioi)s given by rhe Charity Loiiiiiiissii>i) uiider Seclioii 145151{b) of
Ilie Act.
Independent examiiier'$ statement
have completed iiiy exoiniiiotion. I confinn thal iio Inalerial n)atters have coine (o Illy gtteiition iii coiiiicclioii witl) the
eyaiiiinalioii giving Ine eaiise io believe Il)ai iii any In11 iei'ial respect..
accoiiiiling records ivere riot kepi iii Ycsptcl of Il)¢ Tn15t a5 reqiiired by Seclioi) IJO of Il)e Ac(. or
Ilie accouiits do Iioi accord witli tli(75e r¢wrds' or
the accoiinis do nol cninply ivitl) Ili¢ applicable I'equirenieiits concerning the foTin arid conlent ofaccoiinls sei oiil
iii Ilie Cliariiies IAccoLiiits and Reports) Regiilalioiis 2008 oilier than aiiy reqiiir¢nieni Iliat Ilie y4ccoiini$ give a
Irue aiid fair view whicli is iior D E))<lt(er coiisidered as parl of ali iiidepeiidciit exoni1ii￿tIOn.
I hav¢ iio coiicerns and have ¢omc across otl)er snattcr5 in conneeiioFI ￿,1111 ih¢ e.X%iniirÈ#iion 10 which allenlion sholild
be drnivi) iii iliis report ii) ol'der lo ei)Able a proper uiidersiai)diiig of Ili¢ ac¢oiiiils lo be i¢a¢lied.
Pic ul Allaii BSo¢Sc fcA
Tlie 11istilule of Cl)&rtercd Aceouiilaiils iii Eiiglaiid glid M ales
Berriiiger5 LLP
ClianerLd A¢¢oiii?taiiis
Lygoii Hoiise
50 Luiiifon Road
roinl¢y
Keiil
BRI .IRA
Page 4

THE FRIEN'DS OF SOLF.SfvILS
ST,ITEIVIENT OF FIN',INCIAL IICTIIJITIES
loi. Ihe v¢ai' endecl 3U June 2024
2Q24
20!:,
Tol&l
ljiireslriciid
Expeiidable
Ei)do%iin¢iil
lunds
INCOIl.IE AND LNDOIVNI IENTS FRONI
Doniili0119 ciiid leLiacies
40,649
40,649
E,KPENDII'URF OI
Charitable Activities
Siipp(irt LOSIS
Grai)Is
7,987
11288
7,987
11,288
19,274
Ncl ¥ii iiisIIIDsse5) 011 ii)V¢Sli))eiiis
{6Q71
1007)
(-1251
J F.I' INC'.ofvlll(&..XI>LNI)I-I'IIRL)
'I'i'nnsfer8 lietweeii fiin(15
119.27%)
40.042
119.27$)
20,767
4,720
10
r4et moi'einenl in fiindb.
2Q,767
20,767
RF.CONCII.IATION OF F'l.iNDS
Total fuiids broiibilit Ioiivill'd
J,fi09
3.OU9
TOTAL F IINn.S C..4RRIF,D FORWARn
2J.77CI
23.77C)
111e ?IOles fonn part of tlie5e fii)aiicial siaiemeiiis
Page S

I'HE FRIENDS OF SOLESII.IES
BALANCE SHEET
30 June 2024
2024
Total
fiin(L$
Uiirestiicted
fund
Lypendable
IidoNvtneiil
Total
fui)ds
Notes
CURRENT ASSETS
Debtors
Ca511 at baiik
2,4511
42
9,J25
11,783
14,493
14,947
2,500
2J,776
21276
14,947
CREDITORS
Aliiouiils fallii)g diie wiihiii oli¢ year
12,5001
(2,500)
(11,9381
NET CURRENT ASSETS
2J,776
23,776
1,009
TOT,IL ASSETS LKSS CURRENT
LIABILITIES
23,770
23,776
3,009
NET ASSE,TS
2J.776
23.776
3,009
FIJNDS
Eiidomiiicnt fiinds
10
23,776
TOTèlL FUN'DS
23,776
3,009
Is ivetL' approved by Ihe Board of I'nisiees aiid &uilioi'i$ed for issiic
aiid iirere siwicd 01) its belialf by..
01)
R()¥lifoucauld- Trustee
Tlic Iiotes fonii part of Llies¢ fiiiaiicial teiiieiiis
Page 6

THE FRIENDS OF SOLEsfvlLS
NOTES TOTHE FINAIYCIAL SI"ATENIF.NI'S
for the yeill. eniled 30 Juue 2024
.4CCOIINTINC: I>(ILlC".Ir.s
Basis of i)rei)aring the financial %tdlfffieiils
The fiiiniicial slc2teineiils of ilie eli4iriis. wliich is a piiblic beiiefii eiiiilv 111)der FR8 102, liave beeii prepa￿d iii
ccord¢gnce iviili tlie C".liaiities %()RI) (PR$ 10?) 'Accuiiiiiinb and Repi)rfii]u
b>. Cli1¢ rities., .8iareineiil of
R¢coninieiided Piaciice applicable io L113rities iirei)ai'ing Ilieir accouiils iii %iecordaiiLe ii'itli tlie Fiiiaiiil¢11
K¢p011ii)L %1i21)dl£rd appliLable iii Ilie UK 1iiid Repiiblic ot. Ii'elarid Il".RS IO'I l¢lTeLliiie l Jaiiiiilly ?011)I'.
Fiiiii Iltl¢l1 Repo)rliiig Sidiid41rd l O? 'l-li¢ F'iiiclllLial Re￿)IlLi7￿ %iiiidiird appliL,
ble iii ilie tiK 3I1d Repiiblic or
Ir¥ldnd' 81)d th¥ Cl)iirilies Act 2011. Tlie fiiiaiiciii I siailinenis Iiavc bc¢ii Iirepared iiiidei- Ili¢ Iiisiiiriciil Lost
COIIVClllioii.
Inctsrnt
'oluniAiy iiicon)e and depo451 iiiter¥sl is accoiiniid foi. oil a rLLLivablL b47SIS.
Exi)enditure
E.xpeiidiiiirc is K?ccoiinied foi. on oli ucLriiiils basis. Doiiaiions ai'¢ I'iiorded wliei) Ilie ii'Ligtee< liai'c
iiiade Ili¢ dcLI4101) IU Pl£ y tlieii). uiiliss Ilie d()11(11ioiis are siibjvil lu coiiditi(Tr115 bLlI?sJ fuifi51¢d. All
adiiiiiiisii'atioii Losls ar¢ Iiuiii L'l)arildblL ixp¢iidiiui'¢.
Grjiils offei'Ld siibjL'cl lo coi)diiiDli$ wliiLI) hiive I￿1 beeii Iiici l( t Ilie ) ¢nr ei)d date ai'¢ iioie(l as a coiniiiiiihcni bill
1101 accnied as e.%pei)diliii'L.
.1 Ii¥Alinn
Tlic ¢liarity is cxciiipi fKuiii Id.% (Ji) ils eliarilable aclivilie5.
Fiiii(l accoiiiiting
Uiiresii'i¢i¢d fiii)(Is Ai'c Il105e ivhicl) are Lised foi, IIIC Lieiiei'al advai)Leii)eii( of (lie Cliarils 4 01)jeeiive5.
Eipeiidiiblc ciidoii iiieiits dre Lgpilal iiiiids ii'liicli Iiinj, be speiil ai Ilie Irusiee5' dis¢reiioii.
'oJ'eigii £urrencies
Ilie diie of Ii'aiisticii(In. E.iehaii%e dirrei'ences ai-c iakci) Illlo accoiiiii iii arrivii)g ai Ilie opel"
Cpoiiig
H2viJig a53Csscd Ilie Cl)ai'it5 s fii)ai)¢iul kK)Slli(Iii Jnd pl%1115 for IIIL foreseeable fiiliii'e, Ihe TriistCe5 nre
salisfied iliai it I'L'Il)Ik Ins approprtale lo pi'epnre ihe fiii(IllLi¢il staltll)L'nis 011 R &ioiiigg concei'ii l)ilSlS. IVh¢'re
iicLessllry e5111))aies aiid jiid&ieiiiei)ts arc basL'd L)i) Iiisiorical e.%perieiice aiid oil)¢r fgciors.
DONATION'S AN D LEGACIES
2024
20? j
Tlie Foiiiidaiioii of St. Btriirdicl of Niir%ia
40,649
1,250
Poge 7
¢onliiiued...

THE FRIENDS OF SOLE5fv1ES
NOTES TO THE FINANCIAL STATEMENTS- Lonlinue(I
for tht yexr ended 31) June 2024
GRAP4TS PAY ABLE
2Q24
Gi'ants
11288
36.ill.I
The total gran15 pRad In i115titiilions diiring th¢ ycar H'as as folloiys..
2024
Abbaye de Sie. Maitin de Liguge
Abbuye Ste N4arie de Paris
Monas(ery' Sr Josepli de Segiieya
Père Heiiri Yva11¢5
Abbaye de Ste. Ani)e de kei'8onat)
Abbaye Nolre-Daii)e de Ganagiobie
Abb¥2y¢ d¢ Keiir Mviissa
2.719
9.7$(1
{4,172}
5,153
2,607
11,288
SUPPORT COST8
Goveniiiiice
cosis
Totals
Siipporr cosis
337
7,650
7,987
Siii)poil COSt$. iiicliided iii Ihe above. are os I"vlloivs'.
Flnin¢e
2024
Suppon
costs
Totsl
ciiviiies
Baiik ¢hi1rg¢s
337
82
GrJverTr4nce costs
2024
Supw)11
costs
Total
ncrivitics
700
5,850
1.100
700
300
1,040
Legal 11nd profc5sional fees
Accouiilaiiry lees
7,650
2,040
coiiltE)iied.

THL F-RIEND5 OF SOLE8NIES
NOTF.s"rc) l-HE FIN'ANCIAL STATEN'IENTS- contlnued
for the ytgr ende(1311 June 2U24
TRIISTEF.%' RENIUliERATION.4ND BLNkTr IT.
"Iliere ii'ere 110 trLlsl¢es' r¢ii)uiieratioi) or c)ilier b¢i)efits for ilie yeii i- ¢iidcd !0 Jiiiie 2n?4 Iiur f()r tl)e >'ear elided
-10 J1511e 20?",.
Triistt¢s' exi)en%es
l-hcrc H'ci'c iio trLlSte¢'s' Lxpe115es paid for Ehc J-l'iir elided 30 Jiiiie ?0?4 11(Ir for tlic yccryr elided 30 JIiiiL ?O?.I.
COMPAlbtl"IlfES FOR THE STrlTEN'IENT OF FINANC"IAL ACTlllI'fiES
UiiYLs11-i¢led
Exp¢iidiililL
IINCOIl,IE AIYD ENDOlllIl,IEIN-I'% FROIll
Doiiaiioiis clnd legacies
?.f O
.IPENDITUR&'. ON
Siipport LOSIS
lJianls
1(),183
Nei giaii)5. (losses) tsii iiivcstii)eiils
(4251
14?.51
Nfr:I' INC-ON1￿./IE.KPEND1TUREj
'I'rhn$fcrs beliveeii fuiiils
1.18.5051
.38.50.S
42.825
1.38,5051
4.)20
Net nioveineiil Iii fun<ls
RECONCII.IIlTIOIY OF FUNDS
'I'OI'AL I."IINDS CARRIED FC)RIVARI)
-'l.OQ9
Dl,- Wl'l)11S: IliTrlOII￿TS F AL.l.IING I)11 F. WI'I'H IN ONE I'EAR
2024
201.1
Oil)er debiors
11,783
PAge 9
coiitiiiued...

-I'IIE TrRIfr.ND44 sOLES￿lEs
NOTES TO THE FINANCIAL STATEMENTS- continued
lor the year ended 30 June 2024
CASH AT BANK
2024
Total
fiinds
?02.)
Toial
fuTJds
Gei)eral
rund
E.Ypendable
Endowmeni
letiobank Stei'ling 1£)
Metrobaiik AcLoui)t IE(Iro}
C Hoiire & Co {£
C Floait & C.0 (Eurol
4,687
),764
4.729
9,764
Toial
42
14.451
14.493
14.947
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE I'EAR
2024
20?3
Oilier cieditois
11,938
10.
MOVEfvIENT IN FUP*DS
Nei
Ti'ansfe¥s
beiweeii
fuiids
At
.10.6.?4
Ai 1.7.23
Uiirèstr5¢le(I fiiThds
Gei)eral fuiid
(19375)
Eiidowment funds
Fypendable EndDW'in¢iii
3,009
40,042
(19,27.S )
23.770
TOTAL FUND5
-I,00)I
211,767
23.776
N'el Iiioyeiiicnt in fiiiids, iii¢lLided iii Ilie above llre as folloivs:
Resources
e.lpeiided
Gaii)s aiid
losses
Movei)Ic])I
iii fiinds
soiiites
ljnrestricted fund5
Generdl fund
(19,275)
(19,275)
Endoivm¢ni funds
Expendable Endom'nieiil
40.649
(6117)
40,042
TOI"AL FUNDS
40,649
(1927.S)
1607)
20.767
Paoe 10
conlii)ued...

'I"IIE fRIEN'DS OF bOL£SIIIES
NOI'b.S I'O TFIE b INANCIAL.STATEtyIENTS- cvnliiiued
for rhe year en(led 30 Jiine 21)24
MOI'EN.IF-N'f IN b IIYI DS- tontiiiued
CDntl)*1rMtiNes fvr nioi'onient in funds
Net
IIIQVLIIIC4ni
Transfet5
bLINveeii
r￿lid5
At
Uiiresti'ictecl funds
GeiiLfdl fuiid
(.38,505
EiidoH'in¢iit funds
pei)dablc L.iicloi¥iiieiil
42.8?.%
li8.50)1
TOTAL FIINDS
4,320
Coini)arotive i)et In(iiieineiil in fiinds. iiicl(Id¢d iii ilie xlxJv¢ 411t folloivs..
RcsoiirLI5
e.Ipended
Gaiiis ¢il)d
Moi'eiiitiil
Icsouires
Iliire.$lritlcd (unil$
CJei)ei'al fiiiid
38,5051
1.3R.$051
F,Iid(iivi￿c1It fuiid5
E.xpctidit ble Fiicl0I4 lllCIII
4.3,250
142S}
'roT2lL FUIYDS
138,5051
(4251
4,3?0
RELATED I¥AKI-V I)1.5(.'1.(.IsiiiiF",.
111-iii& Il)L y¢ai' £.fj.8$0 1102.?.. £2.40ni H'iis i)aid lo Cliai'l¢S Riissell Speeclil) s. Ori¢ of Ilic triisiL'es. Sinion Illeil
Page 11

THE FRIENDS OF SOLESI¥IES
DETAILED STATEfvIEN'T OF FINANCIAI. Acfii'iTIES
for the year ended 30 June 2024
2024
2023
IN'COME Af*'D £NDOII'MENTS
DonAtions And tegacies
The fnuiidaiian of Si. Belied1￿ of Niirsia
40,649
Total incoming resources
40,649
4i.250
EXPENDITURE
Charilxble *ctivitie5
Graiils io insiitutioiis
11,288
36,-183
Support eosls
FinAftce
B3nk char8eS
337
GovernAnee costs
Indepeiidetii ¢xaniii)alion
Legal aiid professiomal fees
Ac¢oiiniaii¢y fees
700
700
I,iou
,040
2.Q40
I"oixl resoiirr¢s expciided
19.275
Nel ineonie before 2niJi$ l(Kises
21J74
4,745
Realised recogniscd gains Anil lossfs
Fureigii excliuiige gaii)s,Ilossesl
1607>
14251
Net Income
20,767
Tliis does not foi'ni part of Elie slatiilorv finaiici&l #lli¢iHen15
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