| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1to 10 | ||
| Report ofthe Independent Auditors |
11to 13 | ||
| Statement ofFinancial | Activities | 14 | |
| Balance Sheet | |||
| Cash Flow Statement | 16 | ||
| Notes to the Financial | Statements | 17to 27 | |
| Detailed Statement of | Financial | Activities | 28 to 32 |
| Year ended | Year ended | ||||||
|---|---|---|---|---|---|---|---|
| 31.12.2022 | 31.12.2021 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME FROM | |||||||
| Donations and legacies |
2 | 328,661 | 658,803 | 987,464 | 535,145 | ||
| Other trading activities | 3 | 4,503 | 4,503 | 9,227 | |||
| Investment income |
4 | 81,429 | 30,029 | 111,458 | 88,621 | ||
| Total | 414,593 | 688,832 | 1,103,425 | 632,993 | |||
| EXPENDITURE | ON | ||||||
| Raising funds | 5 | 35,530 | 7,291 | 42,821 | 41,765 | ||
| Charitable activities |
6 | 283,063 | 119,644 | 402,707 | 385,324 | ||
| Total | 318,593 | 126,935 | 445,528 | 427,089 | |||
| Net (losses)/gains | on investments | (354,101) | (129,487) | (483,588) | 537,115 | ||
| Net (expenditure)/income | (258,101) | 432,410 | 174,309 | 743,019 | |||
| Transfers between funds |
|||||||
| Net movement in |
funds | (258,101) | 432,410 | 174,309 | 743,019 | ||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 4,866,517 | 1,881,127 | 6,747,644 | 6,004,625 | |||
| TOTAL FUNDS | CARRIED FORWARD | 4,608,416 | 2,313,537 | 6,921,953 | 6,747,644 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | K | |||||
| FIXEDASSETS | ||||||
| Investments | 13& 14 | 8,379,732 | 9,142,132 | |||
| 8,379,732 | 9,142,132 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 15 | 62,929 | 49,000 | |||
| Cash at bank | 132,123 | 97,287 | ||||
| 195,052 | 146,287 | |||||
| CREDITORS | ||||||
| Amounts falling due within one year |
16 | (41,324) | (59,537) | |||
| NET CURRENT | ASSETS | 153,728 | 86,750 | |||
| TOTAL ASSETS | LESSCURRENT | |||||
| LIABILITIES | 8,533,460 | 9,228,882 | ||||
| CREDITORS | ||||||
| Amounts falling |
due | aller | more | |||
| than one year | 17 | (1,611,507) | (2,481,238) | |||
| NET ASSETS | 6,921,953 | 6,747,644 | ||||
| FUNDS | 18 &,19 | |||||
| Unrestricted funds |
4,608,416 | 4,866,5 17 | ||||
| Restricted funds |
2,313,537 | 1,881,127 | ||||
| 6,921,953 | 6,747,644 |
| 2022 | 2021 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | K | ||||||||||||
| Cash flows from operating | activities: | ||||||||||||
| Cash generated from operations |
(65,403) | 815,981 | |||||||||||
| Net cash provided by (used |
in) operating | activities | (65,403) | 815,981 | |||||||||
| Cash flows from investing | activities: | ||||||||||||
| Purchase offixed asset investments | (2,269,888) | (3,349,545) | |||||||||||
| Sale offixed asset investments | 2,369,846 | 2,565,996 | |||||||||||
| Interest received | 281 | ||||||||||||
| Net cash provided by (used |
in) investing | activities | 100,239 | (783,540) | |||||||||
| Change in cash and cash equivalents |
in | the | reporting | period | 34,836 | 32,441 | |||||||
| Cash and cash equivalents | at the | beginning | ofthe | reporting | period | 97,287 | 64,846 | ||||||
| Cash and cash equivalents | at the | end | of | the | reporting | period | 132,123 | 97,287 | |||||
| 1. RECONCILIATION OF NET (EXPENDITURE)/INCOME |
TO NET | CASH FLOW FROM | OPERATING | ||||||||||
| ACTIVITIES | |||||||||||||
| 2022 | 2021 | ||||||||||||
| Net (expenditure)/income |
for | the | reporting | period | (as | per | the | ||||||
| statement offinancial activities) | 174,309 | 743,019 | |||||||||||
| Loss/(Gain) on investments |
662,442 | (734,562) | |||||||||||
| Interest received | (281) | (9) | |||||||||||
| Decrease/(Increase) in stock |
|||||||||||||
| Decrease/(Increase) in debtors |
(13,929) | 11,727 | |||||||||||
| (Decrease)/Increase in creditors |
(18,213) | 5,214 | |||||||||||
| (decrease)/Increase in long term liabilities |
(869,731) | 790,592 | |||||||||||
| (65,403) | 815,981 | ||||||||||||
| ANALYSIS OF CHANGES IN NET~DEBT /FUNDS | |||||||||||||
| At | 01.01.22 | Cash flow | At 31.12.22 | ||||||||||
| Net cash | |||||||||||||
| Cash at bank | 97,287 | 34,836 | 132,123 | ||||||||||
| 97,287 | 34,836 | 132,123 | |||||||||||
| Total | 97,287 | 34,836 | 132,123 |
| Unrestricted | Restricted | Year ended | Year ended | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 31.12.22 | 31.12.21 | |||
| Subscriptions | (Riflemen | and Oflicers) | 196,622 | 196,622 | 164,373 | |
| Subscriptions | (Officers) | 36,582 | 36,582 | 34,987 | ||
| Donations and |
legacies | 94,466 | 679 | 95,145 | 269,615 | |
| Book sales | 991 | 120 | 1,111 | 1,986 | ||
| Sale ofassets | and other | items | 658,004 | 658,004 | 64,184 | |
| 328,661 | 658,803 | 987,464 | 535,145 |
| Unrestricted | Restricted | Year ended | Year ended | ||
|---|---|---|---|---|---|
| Funds | Funds | 31.12.22 | 31.12.21 | ||
| Magazine | income | 4,503 | 4,503 | 9,227 | |
| 4,503 | 4,503 | 9,227 |
| Unrestricted | Restricted | Year ended | Year ended | ||
|---|---|---|---|---|---|
| Funds | Funds | 31.12.22 | 31.12.21 | ||
| Deposit | account interest | 281 | 281 | 9 | |
| Dividend | and interest | 81,148 | 30,029 | 111,177 | 88,612 |
| 81,429 | 30,029 | 111,458 | 88,621 |
| Unrestricted | Restricted | Year ended | Year ended | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 31.12.22 | 31.12.21 | |||
| K | ||||||
| Investment | management | fees | 19,714 | 7,291 | 27,005 | 25,309 |
| Regimental | magazine | 15,816 | 15,816 | 16,456 | ||
| 35,530 | 7,291 | 42,821 | 41,765 |
| Grant funding | Grant funding | Support | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Direct | ofactivities | costs | ||||||||||
| costs | (see note 7) | (see note 8) | Totals | |||||||||
| General (RHQ) | 117,959 | 345 | 44,568 | 162,872 | ||||||||
| Battalions, Reserve | Forces, ITC Coy | and AFC Harrogate | grants | 39,417 | 39,417 | |||||||
| City and County office | grants | 7,189 | 7,189 | |||||||||
| Officers Fund | 24,912 | 14,173 | 39,085 | |||||||||
| 5 (V) RGJ Trust Fund | 9,500 | 9,500 | ||||||||||
| Lawrence Bequest | Fund | 20,000 | 20,000 | |||||||||
| Hatton Bequest Fund | ||||||||||||
| RGJ Management | Fund | 244 | 86,044 | 86,287 | ||||||||
| Light Infantry Management |
Fund | 97 | 13,260 | 13,357 | ||||||||
| Museum Grant |
25,000 | 25,000 | ||||||||||
| 143,211 | 214,927 | 44,568 | 402,707 | |||||||||
| GRANTS PAYABLE | ||||||||||||
| The total ofgrants | paid | during the year was as follows: | ||||||||||
| Year ended | Year ended | |||||||||||
| 31.12.22 | 31.12.21 | |||||||||||
| Unrestricted funds: |
||||||||||||
| Battalion, Reserve | Forces, | ITC Coy and AFC Harrogate | 39,417 | 45,500 | ||||||||
| Cornwall office |
||||||||||||
| Exeter office | 500 | 1,000 | ||||||||||
| London office | (97) | 850 | ||||||||||
| Salisbury office | 1,539 | |||||||||||
| Shrewsbury office |
1,500 | 1,000 | ||||||||||
| Taunton office | 746 | 1,200 | ||||||||||
| Yorkshire office | 3,000 | 2,300 | ||||||||||
| South West office | 500 | |||||||||||
| Rifles admin | 500 | |||||||||||
| RHQ grant | 345 | 373 | ||||||||||
| 5(V)RGJ Trust | 9,500 | 7,500 | ||||||||||
| Officers fund grant | 14,173 | 8,975 | ||||||||||
| Restricted funds: | ||||||||||||
| Grants (Hatton Bequest | Fund) | 1,000 | ||||||||||
| Grants (Light Infantry | Fund) | 13,260 | 200 | |||||||||
| Adventure Training GGIGI' I |
grants (Lawrence Bequest Fund) Ig IGIGIgg~g di |
20,000 8;%4 |
20,000 %4,lgg |
|||||||||
| RGJ Association (RGJ | Management | Fund) | ||||||||||
| New museum CI0 |
25,000 | 13,000 | ||||||||||
| 214,927 | 168,014 |
| 8. | SUPPORT COS | TS | |||||
|---|---|---|---|---|---|---|---|
| Governance | |||||||
| Management | (see note 9) | Total | |||||
| 8 | 8 | ||||||
| Postage and stationery | 314 | 314 | |||||
| Publications | (600) | (600) | |||||
| IT admin support | and equipment | 1,987 | 1,987 | ||||
| Membership and |
subscriptions | 175 | 175 | ||||
| Equtpment maintenance |
and repairs | 12,969 | 12,969 | ||||
| Trustee honoraria | |||||||
| Staffhonoraria | 10,500 | 10,500 | |||||
| Insurance | 7,056 | 7,056 | |||||
| Meeting costs | 321 | 321 | |||||
| Regimental Secretary expenses |
140 | 140 | |||||
| Colonel Comdts | Expenses | ||||||
| Accountancy | 5,091 | 5,091 | |||||
| Auditors' remuneration |
6,600 | 6,600 | |||||
| 15 | 15 | ||||||
| 37,647 | 6,921 | 44,568 | |||||
| 9. | GOVERNANCE | COSTS | |||||
| Unrestricted | Restricted | Year ended | Year ended | ||||
| Funds | Funds | 31.12.22 | 31.12.21 | ||||
| 8 | 8 | 8 | 8 | ||||
| Meeting costs | 321 | 321 | 72 | ||||
| Auditors' remuneration |
6,600 | 6,600 | 6,764 | ||||
| 6,921 | 6,921 | 6,836 |
| Rifles Collection Curators gross salaries |
|---|
| Pension costs |
| Employers NI |
| Total salary costs |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| g | |||||
| INCOME II'ROM | |||||
| Donations and legacies |
519,676 | 15,469 | 535,145 | ||
| Other trading activities | 9,227 | 9,227 | |||
| Investment income |
63,224 | 25,397 | 88,621 | ||
| Total | 592,127 | 40,866 | 632,993 | ||
| EXPENDITURE | ON | ||||
| ' | |||||
| g flntda | |||||
| Charitable activities |
299,878 | 85,446 | 385,324 | ||
| Total | 334,409 | 92,680 | 427,089 | ||
| Net gains/(losses) | on investments | 388,165 | 148,950 | 537,115 | |
| Net income/(expenditure) | 645,883 | 97,136 | 743,019 | ||
| Transfers between funds |
|||||
| Net movement in |
funds | 645,883 | 97,136 | 743,019 | |
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 4,220,634 | 1,783,991 | 6,004,625 | |
| TOTAL FUNDS | CARRIED FORWARD | 4 866 517 | 1 881 127 | 6 747 644 |
| Listed | |
|---|---|
| Investments | |
| MARKET VALUE | |
| At 1stJanuary 2022 | 9,142,032 |
| Additions | 2,269,888 |
| Disposals | (2,369,846) |
| Revaluation (Charity) |
(483,589) |
| Revaluation (held for third parties) |
(178,853) |
| At 31st December 2022 | 8,379,632 |
| NET BOOK VALUE | |
| At 31st December 2022 | 8,379,632 |
| At 31st December 2021 | 9,142,032 |
| Market | ||||
|---|---|---|---|---|
| value | ||||
| g | ||||
| Within | the | United | Kingdom | 3,026,053 |
| Outside | the | United | Kingdom | 5,353,579 |
| 8,379,632 |
| FIXEDA | SSET INV | ESTMENTS - CHARITY ONLY | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Listed investments | 8,379,632 | 9,142,032 | ||
| Investment | in unlisted | subsidiary | 100 | 100 |
| 8,379,732 | 9,142,132 |
| 2022 | 2021 | ||
|---|---|---|---|
| g | |||
| Other debtors | 62,929 | 49,000 | |
| Deferred | consideration | ||
| Amounts | falling due in more than one year: | ||
| Deferred | consideration | ||
| 62 929 | 49000 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Other | creditors | 21,332 | 23,012 | |
| Rifles | Benevolent | Trust | 19,992 | 36,525 |
| 41,325 | 59,537 |
| Group | |||
|---|---|---|---|
| 2022 | 2021 | ||
| DDLI Charities | 762,661 | 865,829 | |
| I Rifles PRI | 109,389 | 117,632 | |
| 2 Rifles PRI | 204,531 | 219,944 | |
| 4 Rifles PRI | 54,569 | 58,682 | |
| 5 Rifles PRI | 63,940 | 68,759 | |
| 6Rifles PRI | 40,748 | 38,772 | |
| 7Rifles PRI | 160,747 | 172,906 | |
| Rifles &LI Association | Somerset | 214,923 | 231,119 |
| RGBW Fund | (0) | 707,595 | |
| 1,611,507 | 2481 238 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| K | ||||
| Fixed assets | ||||
| Investments | 4,511,945 | 3,867,787 | 8,379,732 | 9,142,032 |
| Current assets | 137,740 | 57,312 | 195,052 | 146,287 |
| Current liabilities | (41,269) | (41,324) | (59,538) | |
| Long term habilities | (1,611,507) | (1,611,507) | (2,481,238) | |
| 4,608,416 | 2,313,537 | 6,921,953 | 6,747,542 |
| MOVEMENT IN |
FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Investment | Balance at | |||
| 01.01.22 | resources | expended | gains/(losses) | Transfers | 31.12.22 | ||
| K | |||||||
| Unrestricted fund |
|||||||
| General fund | 4,680,541 | 375,631 | 269,431 | (344,470) | 4,442,271 | ||
| Designated funds |
|||||||
| 5 (V)RGJ Trust | 149,171 | 2,380 | 10,077 | (9,631) | 131,843 | ||
| Officers Fund | 36,805 | 36,582 | 39,085 | 34,302 | |||
| RGBW Fund | |||||||
| 4,866,517 | 414,593 | 318,593 | (354,101) | 4,608,416 | |||
| Restricted funds | |||||||
| Hatton Bequest Fund | 43,508 | 668 | 162 | (2,945) | 41,069 | ||
| Lawrence Bequest | Fund | 412,246 | 6,554 | 21,592 | (28,883) | 368,325 | |
| RGJ Management | Fund | 1,286,602 | 21,091 | 91,334 | (88,775) | 1,127,584 | |
| Rifles Collection Curators Fund | |||||||
| Lightlnfantry Fund |
138,771 | 2,515 | 13,847 | (8,884) | 118,555 | ||
| RGBW Fund | 658,004 | 658,004 | |||||
| 1,881,127 | 688,832 | 126,935 | (129,487) | 2,313,537 | |||
| TOTAL FUNDS | 6,747,644 | 1,103,425 | 445,528 | (483,588) | 6,921,953 |
| Balance at | Incoming | Resources | Investment | Balance at | |||
|---|---|---|---|---|---|---|---|
| 01.01.21 | resources | expended | gains/(losses) | Transfers | 31.12.21 | ||
| K | K | K | |||||
| Unrestricted fund |
|||||||
| General fund | 4,063,101 | 536,776 | 295,815 | 376,479 | 4,680,541 | ||
| Designated funds |
|||||||
| 5 (V) RGJ Trust | 143,588 | 1,955 | 8,058 | 11,686 | 149,171 | ||
| Officers Fund | 13,945 | 53,396 | 30,536 | 36,805 | |||
| Restricted funds | |||||||
| Hatton Bequest Fund | 40,650 | 576 | 1,164 | 3,446 | 43,508 | ||
| Lawrence Bequest | Fund | 395,258 | 5,526 | 21,577 | 33,039 | 412,246 | |
| RGJManagement | Fund | 1,235,247 | 17,737 | 69,179 | 102,797 | 1,286,602 | |
| Light Infantry Fund |
112,836 | 17,027 | 760 | 9,668 | 138,771 | ||
| 1,783,991 | 40,866 | 92,680 | 148,950 | 1,881,127 | |||
| TOTAL FUNDS | 6,004,625 | 632,993 | 427,089 | 537,115 | 6,747,644 |
| Year ended | Year ended | |||||||
|---|---|---|---|---|---|---|---|---|
| 31.12.2022 | 31.12.2021 | |||||||
| g | ||||||||
| INCOME | FROM | |||||||
| Donations | and legacies | |||||||
| Regimental | Subscriptions | (Riflemen | and Officers) | 196,622 | 164,373 | |||
| Regimental | Subscriptions | (Officers) | 36,582 | 34,987 | ||||
| Donations | and legacies | 90,350 | 262,009 | |||||
| Donations | (Light Infantry) | 377 | 11 | |||||
| Rifles Direct Income | 4,417 | 7,595 | ||||||
| Book sales | (Light Infantry) | 1,111 | 1,986 | |||||
| Sale ofassets and other items | 658,004 | 64,184 | ||||||
| 987,464 | 535,145 | |||||||
| Other trading activities |
||||||||
| Magazine | income | 4,503 | 9,227 | |||||
| Investment | income | |||||||
| Dividends | and interest | 111,177 | 88,612 | |||||
| Deposit account interest | 281 | 9 | ||||||
| 111,458 | 88,621 | |||||||
| Total | 1,103,425 | 632,992 | ||||||
| EXPENDITURE ON | ||||||||
| Raising funds | ||||||||
| Investment | management | fees | 27,005 | 25,309 | ||||
| Regimental | magazine | 15,816 | 16,456 | |||||
| 42,821 | 41,765 | |||||||
| Charitable | activities | |||||||
| Recruiting costs Honour boards etc Wreaths and remembrance Travel expenses (Regional Adventure training/sports ~f d d d di |
Colonels sponsored |
and Advisory through RHQ |
Board) | 16,649 15,757 210 1,291 2,209 lddd |
19,537 12,805 657 1,150 ld;ddd |
|||
| Chronicle | contribution | 2,000 | 2,031 | |||||
| Rifles Association | 5,323 | 4,059 | ||||||
| Divisional | colonel | 5,265 | 3,832 | |||||
| 68,616 | 60,632 |
| Year ended | Year ended | |||||
|---|---|---|---|---|---|---|
| 31.12.2022 | 31.12.2021 | |||||
| Charitable activities |
continued | 68,616 | 60,632 | |||
| StCross Cricket Ground | 10,000 | 10,000 | ||||
| Marketing and family |
support | 205 | ||||
| Buglers | 300 | |||||
| Freedom parades | 988 | 838 | ||||
| Flags and association | standards | 660 | ||||
| Grants (see note 8) | 214,927 | 168,014 | ||||
| RCO salary | 17,500 | 17,500 | ||||
| Reunion/gathering costs |
6,600 | |||||
| RGJ Management Fund costs |
244 | 16 | ||||
| Light Infantry Management |
Fund costs | 97 | 114 | |||
| Horseguards event |
37,553 | |||||
| Regimental awards |
450 | 1,700 | ||||
| Awards dinner |
19,790 | |||||
| 358,140 | 278,604 | |||||
| Support costs | ||||||
| Postage and stationery | 314 | 365 | ||||
| Publications | (600) | 606 | ||||
| IT and admin support | and | equipment | 1,987 | 7,544 | ||
| Membership and subscriptions |
175 | 153 | ||||
| Equipment and maintenance |
and repairs | 12,969 | 6,491 | |||
| Staff honoraria | 10,500 | 10,000 | ||||
| Insurance | 7,056 | 3,815 | ||||
| Meeting costs | 321 | 72 | ||||
| Regimental secretary |
expenses | 140 | 51 | |||
| Colonel Comdts Expenses | 1,284 | |||||
| Accountancy | 5,091 | 5,390 | ||||
| Auditors' remuneration |
6,601 | 6,765 | ||||
| Bank charges | 15 | |||||
| Rifles collection - 9 Statuettes | from sale ofassets by melting | 64,184 | ||||
| down broken and unused | silver | |||||
| 44,568 | 106,720 | |||||
| Total | 445,528 | 427,089 | ||||
| Net (losses)/gains on |
investments | (483,588) | 537,115 | |||
| Net (expenditure)/income | 174,309 | 743,019 |
| Designated | Funds | |||||
|---|---|---|---|---|---|---|
| 5 (V)RGJ | Officers | |||||
| Trust | Fund | Total | ||||
| 8 | 6 | |||||
| INCOME FROM | ||||||
| Subscnptions | 36,582 | 36,582 | ||||
| Investment income |
2,380 | 2,380 | ||||
| Total | 2,380 | 36,582 | 38,962 | |||
| EXPENDITURE | OiV | |||||
| Grants | 9,500 | 14,173 | 23,673 | |||
| Chronicle/Bugle Publications |
14,526 | 14,526 | ||||
| St Cross | 5,000 | 5,000 | ||||
| Website costs | 1,637 | 1,637 | ||||
| Adventure training |
3,749 | 3,749 | ||||
| Investment management |
fees | 577 | 578 | |||
| Total | 10,077 | 39,085 | 49,163 | |||
| Net (losses)/gains | on mvestments | (9,631) | (9,63 1) | |||
| Net (expenditure)/income | (17,328) | (2,503) | (19,831) | |||
| Net movement in |
funds | (17,328) | (2,503) | (19,831) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 149,171 | 36,804 | 185,975 | ||
| TOTAL FUNDS | CARRIED FORWARD | 131,843 | 34,301 | 166,144 |
| Batton | Lawrence | RGJ | Light | ||||
|---|---|---|---|---|---|---|---|
| Bequest | Bequest | Management | Infantry | RGBW | |||
| Fund | Fund | Fund | Fund | Fund | Total | ||
| 8 | g | 8 | |||||
| iNCOME FROM | |||||||
| Donations and legacies |
300 | 379 | 679 | ||||
| Grant | |||||||
| Booksales | 120 | 120 | |||||
| Sale ofassets and other | items | 658,004 | 658,004 | ||||
| Investment income |
668 | 6,554 | 20,791 | 2,016 | 30,029 | ||
| Total | 668 | 6,554 | 21,091 | 2,515 | 658,004 | 688,832 | |
| EXPENDITURE ON | |||||||
| Grants | 20,000 | 86,044 | 13,260 | 119,304 | |||
| Meeting costs | 235 | 235 | |||||
| Postage and stationery | 9 | 42 | 51 | ||||
| Wreaths and remembrance |
55 | 55 | |||||
| Investment management |
fees | 162 | 1,592 | 5,047 | 490 | 7,291 | |
| Total | 162 | 21,592 | 91,334 | 13,847 | 126,935 | ||
| Net (losses)/gains on mvcstments |
(2,945) | (28,883) | (88,775) | (8,884) | (129,486) | ||
| Net (expenditure)/income | (2,438) | (43,923) | (159,018) | (20,214) | 658,004 | 432,411 | |
| Transfers between funds |
|||||||
| Net movement in funds |
(2,438) | (43,923) | (159,018) | (20,214) | 658,004 | 432,411 | |
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward |
43,508 | 412,245 | 1,286,603 | 138,771 | 1,881,127 | ||
| TOTAL FUNDS CARRIED FORWARD | 41,070 | 368 322 | 1,127,585 | 118,557 | 658,004 | 1,655,534 |
| ooo | C | C | C | C | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| oo | C | O' | |||||||||||||
| C! G |
c | N | C! | C | |||||||||||
| CC | |||||||||||||||
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