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2025-07-31-accounts

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REGISTERED COMPANY NUMBER: 05403805 (England and Wales) REGISTERED CHARITY NUMBER: 1109242

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

JAMYANG BUDDHIST CENTRE LEEDS (A COMPANY LIMITED BY GUARANTEE)

Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND

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JAMYANG BUDDHIST CENTRE LEEDS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Report of the|Trustees|1|to|2| |Independent|Examiner's|Report|3| |Statement of Financial|Activities|4| |Balance|Sheet|5|to|6| |Notes|to|the|Financial|Statements|7|to|13| |Detailed|Statement|of Financial|Activities|14|to|15|

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JAMYANG BUDDHIST CENTRE LEEDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

The charity's aims are to promote wellbeing, meditation and public benefit in accordance with Buddhist principles, and the preservation of the Buddhist Mahayana tradition throughout the north of England and elsewhere. In order to fulfill our aims, we have developed a substantial set of offerings to the local and wider community, including a shop and café, space for hire and offices let to complementary organisations.

We offer a whole programme of Buddhist classes and practices and wellbeing activities. Most of our Buddhist classes and practices have remained online and reach a wide audience, across the UK and beyond. Wellbeing activities have done particularly well and we have grown our partnership working with several organisations. We have offered a higher level of community events than previously, which benefited the local community and allowed growth for the shop and cafe; our income generating stream has therefore grown and offers financial support to our charitable aims stated above, in spite of changes in key staff which have somewhat impacted on our planned growth.

The charity held its AGM in October and Trustees met throughout the year as well as on their annual away-day in July in which we reviewed the strategic plan and finances. The financial position remains strong, and the building represents a huge asset with great potential. Links with the local community and the city are developing well. We are confident that we can continue to grow and develop our activities in order to fulfill our charitable aims and become a well established regional and national provider.

FINANCIAL REVIEW

Reserves policy

It is the current policy of the charity to maintain reserves at a level which equates to at least 3 months of unrestricted expenditure. This provides sufficient funds to cover both management and administrative costs whilst incorporating a contingency sum to cover any unexpected costs.

This policy is reviewed each year by both directors and trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited compaiy, limited by guarantee, as defined by the Companies Act 2006.

Further information can be found in the Memorandum and Articles of Association as incorporated on 24th March 2005,

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 05403805 (England and Wales)

Registered Charity number 1109242

Registered office Clyde Works Ingram Road Leeds West Yorkshire LS11 9RQ

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Trustees Dr M J J Leconte Retired (resigned 17.10.24)

Mr U Park Lecturer (resigned 17.10.24)

Ms K Cooper Trustee

Mr G Mcdougall Trustee

Ms S E Metcalfe Trustee (resigned 17.10.24)

Dr C Starkey University Lecturer (resigned 17.10.24) Mr J P Websdale Office Manager Mr A C Buckley Software Engineer (appointed 17.10.24) Ms S R Waybill Care Worker (appointed 17.10.24) Mr KN Prest Senior Liaison & Enforcement Officer (appointed 17.10.24)

Independent Examiner Sherice Parfitt FCCA Harrison & Co Chartered Accountants 331 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND

Bankers

The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 3 October 2025 and signed on its behalf by:

[dlSigC401C7BFSSEF4E9... n ed by:nts Mr J P Websdale - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JAMYANG BUDDHIST CENTRE LEEDS

Independent examiner's report to the trustees of Jamyang Buddhist Centre Leeds (‘the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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:

  1. 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 3. 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

  2. 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.

Sherice Parfitt FCCA

Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND

3 October 2025

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JAMYANG BUDDHIST CENTRE LEEDS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |fund|fund|funds|funds| |Notes|£|£|£|£| |INCOME AND|ENDOWMENTS FROM| |Donations|and|legacies|91,104|-|91,104|79,895| |Charitable|activities| |General|26,782|-|26,782|3,264| |Other trading|activities|2|54,675|-|54,675|67,772| |Investment|income|3|888|-|888|542| |Total|173,449|-|173,449|151,473| |EXPENDITURE|ON| |Raising|funds|4|41,382|-|41,382|28,684| |Charitable|activities| |General|106,300|7,500|113,800|121,002| |Total|147,682|7,500|155,182|149,686| |NET INCOME/(EXPENDITURE)|25,767|(7,500)|18,267|1,787| |Transfers|between|funds|15|(22,434)|22,434|-|-| |Net movement|in|funds|3,333|14,934|18,267|1,787| |RECONCILIATION OF FUNDS| |Total|funds brought|forward|88,095|254,255|342,350|340,563| |TOTAL FUNDS CARRIED|FORWARD|91,428|269,189|360,617|342,350|

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The notes form part of these financial statements

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JAMYANG BUDDHIST CENTRE LEEDS

BALANCE SHEET

31 JULY 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |Notes|fund£|fund3|funds£|funds£| |FIXED ASSETS| |Tangible|assets|9|66,488|400,000|466,488|467,952| |CURRENT ASSETS| |Stocks|10|1,500|-|1,500|16,300| |Debtors|11|9,736|-|9,736|5,785| |Cash|at bank|41,767|-|41,767|42,691| |53,003|-|53,003|64,776| |CREDITORS| |Amounts|falling due within one year|12|(27,410)|(6,163)|(33,573)|(47,158)| |NET CURRENT ASSETS|25,593|(6,163)|19,430|17,618| |TOTAL|ASSETS|LESS|CURRENT| |LIABILITIES|92,081|393,837|485,918|485,570| |CREDITORS| |Amounts|falling due|after more than one year|13|(653)|(124,648)|(125,301)|(143,220)| |NET ASSETS|91,428|269,189|360,617|342,350| |FUNDS|15| |Unrestricted|funds|91,428|88,095| |Restricted|funds|269,189|254,255| |TOTAL FUNDS|360,617|342,350|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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

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JAMYANG BUDDHIST CENTRE LEEDS

BALANCE SHEET- continued

31 JULY 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 3 October 2025 and were signed on its behalf by:

[ JeCA01CTBFSSEF4ED...Signed by: Websdale

Mr J P Websdale - Trustee

The notes form part of these financial statements

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JAMYANG BUDDHIST CENTRE LEEDS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 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 ail 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Library - 5% on cost Fixtures and fittings - 10% on reducing balance Computer equipment - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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||||||| |---|---|---|---|---|---| |NOTES TO|THE|FINANCIAL|STATEMENTS-|continued| |FOR THE|YEAR ENDED|31|JULY|2025| |2.|OTHER TRADING|ACTIVITIES| |2025|2024| |£|£| |Cafe,|shop|and|rental|54,675|67,772| |3.|INVESTMENT INCOME| |2025|2024| |£|£| |Deposit|account|interest|888|542| |4.|RAISING FUNDS| |Investment management|costs| |2025|2024| |£|£| |Property|reps|and|maintenance|14,188|7,760| |5.|NET INCOME/EXPENDITURE)| |Net|income/(expenditure)|is|stated|after|charging/(crediting):| |2025|2024| |£|£| |Depreciation|-|owned|assets|1,464|1,698| |Holy|objects &|other|expenses|-|(500)|

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6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.

  1. STAFF COSTS

The average monthly number of employees during the year was as follows:

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||||| |---|---|---|---| |2025|2024| |Support|staff|4|4|

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No employees received emoluments in excess of £60,000.

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JAMYANG BUDDHIST CENTRE LEEDS

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

8. COMPARATIVES FORTHESTATEMENTOFFINANCIALACTIVITIES COMPARATIVES FORTHESTATEMENTOFFINANCIALACTIVITIES COMPARATIVES FORTHESTATEMENTOFFINANCIALACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME ANDENDOWMENTSFROM
Donations andlegacies 79,895 - 79,895
Charitable activities
General 3,264 - 3,264
Other trading activities 67,772 - 67,772
Investment income 542 - 542
Total 151,473 - 151,473
EXPENDITURE ON
Raising funds 28,684 - 28,684
Charitable activities
General 121,002 - 121,002
Total 149,686 - 149,686
NETINCOME 1,787 - 1,787
Transfers between funds (14,170) 14,170 -
Netmovement in funds (12,383) 14,170 1,787
RECONCILIATION OF FUNDS
Total funds brought forward 100,478 240,085 340,563
TOTALFUNDSCARRIEDFORWARD 88,095 254,255 342,350
9. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Library
£ £ £
COST
At 1 August2024 and 31 July2025 400,000 55,334 5,865
DEPRECIATION
At 1 August2024 - - 2,179
Charge foryear - - 294
At31 July2025 - - 2,473
NETBOOKVALUE
At31 July2025 400,000 55,334 3,392
At31July2024 400,000 55,334 3,686

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

9. TANGIBLE FIXED ASSETS - continued
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 August2024and 31 July2025 19,427 7,038 487,664
DEPRECIATION
At 1 August 2024 12,346 5,187 19,712
Charge foryear 708 462 1,464
At31 July2025 13,054 5,649 21,176
NETBOOKVALUE
At 31 July2025 6,373 1,389 466,488
At 31 July2024 7,081 1,851 467,952
10. STOCKS
2025 2024
£ £
Finishedgoods 1,500 16,300
11. DEBTORS: AMOUNTS FALLINGDUEWITHIN ONEYEAR
2025 2024
£ £
Trade debtors 9,736 5,785
12. CREDITORS: AMOUNTSFALLINGDUEWITHIN ONEYEAR
2025 2024
£ £
Bank loans andoverdrafts (see note 14) 7,740 7,740
Trade creditors 13,517 11,660
Other creditors 11,363 11,363
Accruals and deferred income 953 16,395
33,573 47,158

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Bank|loans|(see|note|14)|653|8,838| |Other|creditors|24,652|24,652| |Other|creditors|99,996|109,730| |125,301|143,220| |14.|LOANS| |An|analysis|of the|maturity of loans|is|given below:| |2025|2024| |£|£| |Amounts|falling|due|within one year on demand:| |Bank|loans|7,740|7,740| |Amounts|falling due|between two|and|five|years:| |Bank|loans|-|2-5|years|653|8,338| |15.|MOVEMENT IN FUNDS| |Net|Transfers| |movement|between|At| |At|1.8.24|in|funds|funds|31.7.25| |£|£|£|£| |Unrestricted|funds| |General|fund|38,095|25,767|(22,434)|91,428| |Restricted|funds| |Restricted Fund|254,255|(7,500)|22,434|269,189| |TOTAL FUNDS|342,350|18,267|-|360,617| |Net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |Tesources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|fund|173,449|(147,682)|25,767| |Restricted|funds| |Restricted Fund|-|(7,500)|(7,500)| |TOTAL FUNDS|173,449|(155,182)|18,267|

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JAMYANG BUDDHIST CENTRE LEEDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.8.23|in funds|funds|31.7.24| |£|£|£|£| |Unrestricted|funds| |General|fund|100,478|1,787|(14,170)|88,095| |Restricted|funds| |Restricted Fund|240,085|-|14,170|254,255| |TOTAL FUNDS|340,563|1,787|-|342,350| |Comparative|net movement|in funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|fund|151,473|(149,686)|1,787| |TOTAL FUNDS|151,473|(149,686)|1,787|

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A current year 12 months and prior year 12 months combined position is as follows:

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|||||| |---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.8.23|in funds|funds|31.7.25| |£|£|£|£| |Unrestricted|funds| |General fund|100,478|27,554|(36,604)|91,428| |Restricted|funds| |Restricted Fund|240,085|(7,500)|36,604|269,189| |TOTAL FUNDS|340,563|20,054|-|360,617|

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|fund|324,922|(297,368)|27,554| |Restricted|funds| |Restricted Fund|-|(7,500)|(7,500)| |TOTAL FUNDS|324,922|(304,868)|20,054|

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  1. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2025.

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JAMYANG BUDDHIST CENTRE LEEDS

DETAILED STATEMENT OFFINANCIAL ACTIVITIES
FORTHEYEARENDED 31 JULY 2025
2025 2024
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts 69,690 64,347
Events 14,485 9,402
Gift aid 6,929 6,146
91,104 79,895
Other trading activities
Cafe, shop and rental 54,675 67,772
Investment income
Depositaccount interest 888 542
Charitable activities
Grants 26,782 3,264
Totalincoming resources 173,449 151,473
EXPENDITURE
Other trading activities
Cafe, shop andrental 8,478 8,466
Events 18,716 12,958
Holy objects& other expenses - (500)
27,194 20,924
Investment management costs
Propertyreps and maintenance 14,188 7,760
Charitable activities
Donations paid 639 7,008
Support costs
Finance
Bankcharges 11 84
Bankloan interest 335 649
Mortgage 7,500 9,379
7,846 10,112
Other
Wages
Pensions
66,608
610
56,300
426
Rates and water 4,169 1,881
Insurance 6,602 8,726
Carriedforward 77,989 67,333

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JAMYANG BUDDHIST CENTRE LEEDS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

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||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Other| |Brought forward|77,989|67,333| |Light and heat|14,097|14,966| |Telephone|1,718|1,853| |Post,|stationery and adverts|1,720|4,598| |Sundries|3,706|6,856| |Depreciation of|tangible|fixed|assets|1,464|1,697| |100,694|97,303| |Governance|costs| |Accountancy fees|1,344|5,925| |Professional|fees|120|654| |Legal fees|3,157|-| |4,621|6,579| |Total resources|expended|155,182|149,686| |Net income|18,267|1,787|

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