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← Leyburn Arts Centre Limited

2025-04-30-accounts

Company Registration Number: 6417261 Charity Registration Number: 1122092

The Leyburn Arts Centre Limited

(A company limited by guarantee) Annual Report and Financial Statements For the Year Ended 30 April 2025

The Leyburn Arts Centre Limited

Contents

Reference and Administrative Details 1
Trustees’ Report 2to 3
Statement ofTrustees’ Responsibilities 4
Independent Examiner’s Report 5
Statement ofFinancial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 14
DetailedStatementofFinancialActivities 15to16

The Leyburn Arts Centre Limited

Reference and Administrative Details

ChiefExecutiveOfficer MsJeannie Elizabeth Bishop, Chairperson
Trustees MsJeannie Elizabeth Bishop
Mr Bertram Allen Harrison
Mr David Alexander Poole
Ms Anne Teresa Wood
Mrs Joan Danvers
Ms Gillian Mitchell
MrJulian Pinches
Principal Office The Old School House
Richmond Road
Leyburn
North Yorkshire
DL8 5DL
Registered Office Thornborough Hall
Moor Road
Leyburn
North Yorkshire
DL8 5AB
Company Reg No. 6417261
Charity Reg No. 11220920
Independent Examiner Clarksons
Thornborough Hall
Moor Road
Leyburn
North Yorkshire
DL85AB

1

The Leyburn Arts Centre Limited Trustees’ Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and independent examiner's report of the charitable company for the year ended 30 April 2025.

Objectives and activities

Public benefit

The Charity Trustees during the year to the 30 April 2025 were the Directors of the Company namely:

MrsJ E Bishop

Mrs J Danvers Mr B A Harrison Mrs G C Mitchell MrJ P Pinches Mr DA Poole

Mrs A T Wood

The charities objectives are to advance the public arts provision in Wensleydale and the surrounding area and to advance the public understanding of the arts through education and performance.

Having emerged fully from the Covid pandemic, The Leyburn Arts Centre Ltd has resumed its position as the Arts and Community Centre (hereafter referred to as the Centre) for the Leyburn and District area. The Leyburn and District Community Shed had been completed and opened for membership in January 2025 with a pitched roof to be added later in the year.

By April 2025, the addition of the Community Shed was already allowing the Centre to provide additional art and craft facilities plus workshops for the whole Leyburn and District area and we were pleased to see that approximately half the membership was ladies in the true spirit of a community facility.

The Trustees confirm that during the entire financial year, strict financial control was maintained and that all the financial obligations were addressed.

The Trustees confirm that they have complied with the requirements of Section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission for England and Wales.

2

Structure, governance, and management

Financial instruments

Objectives and policies

The Charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identifiable loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cashflows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Reserves Policy

In accordance with the Charity Commission guidelines the trustees have considered the reserve needs of the charity. At 30 April 2025 the charitable company's reserves were £158,014 of which £58,355 were restricted and £99,659 were unrestricted. The trustees have reviewed the level of reserves. The review takes into account income and expenditure streams. The trustees' objective is to build up reserves to ensure that sufficient funds are available for ongoing operations and future developments.

The annual report was approved by the trustees of the charity on 27 January 2026 and signed on its behalf by:

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wa Se
Ms Jeannie Elizabeth Bishop
Chief Executive Officer and Trustee
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3

The Leyburn Arts Centre Limited Statement of Trustees’ Responsibilities

The trustees (who are also the directors of The Leyburn Arts Centre Limited for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 27 January 2026 and signed on its behalf by:

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7. €. Bp
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Ms Jeannie Elizabeth Bishop Chief Executive Officer and Trustee

4

The Leyburn Arts Centre Limited Independent Examiner’s Report to the trustees of The Leyburn Arts Centre Limited

| report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2025 which are set out on pages 6 to 16.

Respective responsibilities of trustees and examiner

As the charity’s trustees of The Leyburn Arts Centre Limited (and also it’s 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 Leyburn Arts Centre Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | 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 | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

| have completed my examination. | 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 Leyburn Arts Centre Limited 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

  4. 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)).

| 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.

| an; oe 27 January 2026 Dawn Clarkson Thornborough Hall, Leyburn North Yorkshire, DL8 5AB

5

The Leyburn Arts Centre Limited

Statement of Financial Activities for the Year Ended 30 April 2025

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|2025| |Note|£|£|£| |Income and|Endowments from:| |Donations|Grants|and|Legacies|3|48,976|35,161|84,137| |Charitable|Activities|4|59,976|0|59,976| |Investment|Income|5|528|0|528| |Total|Income|109,480|35,161|144,641| |Expenditure|on:| |Raising funds|7|33,997|25,686|59,683| |Charitable|Activities|8|31,772|9,610|41,382| |Total|Expenditure|65,769|35,297|101,065| |Net|(expenditure)/income|43,712|-136|43,576| |Designated|Capital|Funds|12,029|-12,029|0| |Net|movement|in|funds|55,741|-12,165|43,576| |Reconciliation|of funds| |Total|funds|brought forward|43,918|70,520|114,438| |Total funds|carried forward|13|99,659|58,355|158,014| |Unrestricted|Restricted|Total| |funds|funds|2024| |Note|£|£|£| |Income|and|Endowments from:| |Donations|Grants|and|Legacies|3|15,171|13,041|28,212| |Charitable|Activities|4|58,633|0|58,633| |Investment|Income|5|423|0|423| |Total|Income|74,227|13,041|87,268| |Expenditure|on:| |Raising funds|uh|34,353|11,977|46,330| |Charitable|Activities|8|28,500|6,579|35,080| |Total|Expenditure|62,853|18,556|81,410| |Designated|funds-community|shed|-76,036|76,036|0| |Net|(expenditure)/income|11,374|-5,515|5,858| |Net|movement|in|funds|-64,662|70,520|5,858| |Reconciliation|of funds| |Total|funds|brought forward|108,580|0|108,580| |Total|funds|carried forward|43,918|70,520|114,438|

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All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2025 is shown in note 16.

6

The Leyburn Arts Centre Limited (Registration Number 06417261) Balance Sheet as at 30 April 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£| |Fixed|Assets| |Tangible|assets|ba|82,882|69,331| |Current|assets| |Stocks|12|550|550| |Debtors|13|5,052|1,591| |Cash|at|bank|and|in|hand|146,904|148,199| |152,506|150,341| |Creditors:|Amounts|falling due|within|one year|14|-4,018|-2,737| |Net|current|assets|(liabilities)|148,488|147,604| |Total|assets|less|current|liabilities|231,370|216,936| |Creditors:|Amounts falling due|after more than|one year|15|-73,354|-102,497| |Net|assets|158,015|114,438| |Funds|of the|charity:| |Restricted|funds|58,355|70,520| |Unrestricted|funds|99,659|43,918| |Total funds|16|158,014|114,438|

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For the financial year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 27 January 2025 and signed on their behalf by:

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eS i -Be
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Ms Jeannie Elizabeth Bishop Chief Executive Officer and Trustee

7

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding ENil towards the assets of the charity in the event of liquidation.

The address of the registered office is:

Thornborough Hall

Moor Road

Leyburn

North Yorkshire DL8 5AB

The principal place of business is: The Old School House Richmond Road Leyburn North Yorkshire DL8 5DL

These financial statements were autorised for issue by the trustees on 18 January 2025.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Leyburn Arts Centre Limited meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

8

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is sublect to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of thos conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deffered income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings thay have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Related Parties

There were no related party transactions

Trustees Expenses

There were no trustees expenses

9

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt frpm taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible Fixed Assets

Individual Fixed Assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and Amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Buildings 25% straight line Furniture and fittings 25% reducing balance Plant and machinery 25% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits , and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right , at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabiliities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use ina particular area or for specific purposes, the use of which is restricted to that area or purpose.

10

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

3 Income from donations and legacies

Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Donations and legacies;
Regulargivingand capital donations 1,516 0 1,516 2,156
Gifts aid reclaimed 0 0 0
Grants, including capital grants;
Grantsfrom other charities 0 5,659 5,659 17,756
Grantsfrom Local Authorities 47,460 29,502 76,961 8,300
48,976 35,161 84,137 28,212
4 Income from charitable activities
Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Charitable activities 59,976 0 59,976 58,633
5 Investment income
Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Interestreceivable 528 0 528 423

11

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

7 Expenditure on raising funds

Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Cost of Raising Funds 33,997 25,686 59,683 46,330
33,997 25,686 59,683 46,330

8 Expenditure on charitable activities

Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Governance costs 9 31,772 9,610 41,382 35,080

£33,272 (2024- £29,514) of the above expenditure was attributable to unrestricted funds and £8,110 (2024 - £4,590) to restricted funds.

9 Analysis of governance and support costs

Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Audit fees 2,441 0 2,441 2,377
Legal fees 34 0 34 13
Marketing and publicity 2,464 0 2,464 3,551
Other governance costs 26,833 9,610 36,443 29,138
31,772 9,610 41,382 35,080

10 Taxation

The charity is a registered charity and is therefore exempt from taxation

12

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

11 Tangible Fixed Assets

11 TangibleTangible Fixed Assets
Land and Furniture and
buildings equipment Total
£ £ £
Cost
At 1 May 2024 133,751 36,166 169,917
Additions 29,726 8,879 38,605
Disposals 0
At 30April 2025 163,477 45,045 208,522
Depreciation
At 1 May 2024 68,385 32,201 100,586
Charge forthe year 23,205 1,848 25,054
Disposals 0
At 30 April 2025 91,591 34,049 125,640
Net bookvalue
At 30 April 2025 71,886 10,996 82,882
At 1 May 2024 65,366 3,965 69,330
12Stocks Total Total
2025 2024
£ £
Stocks 550 550
13 Debtors
Total Total
2025 2024
£ £
Trade debtors 153 250
Other debtors 4,899 1,341
5,052 1,591
14 Creditors: amountsfallingduewithin oneyear
Total Total
2025 2024
£ £
Trade creditors 1,004 593
Othertaxation and social security 102 74
Other creditors 2,911 2,070
4,018 2,137
15 Creditors: amounts falling due aftermorethan oneyear
Total Total
2025 2024
£ £
Deferred income 73,354 102,497
73,354 102,497

13

The Leyburn Arts Centre Limited Notes to the Financial Statements for the Year Ended 30 April 2025

16 Funds

16 Funds
Balance at Incoming Resources Transfers Balanceat
01-May-24 Resources expended 30-Apr-25
£ £ £ £
Unrestricted funds 43,918 109,480 -65,769 12,029 99,659
Restricted funds 70,520 35,161 -35,297 -12,029 58,356
Total funds 114,438 144,641 -101,065 0 158,015
Balance at Incoming Resources Transfers Balance at
01-May-23 Resources expended 30-Apr-24
£ £ £ £
Unrestricted funds 108,580 74,227 -62,853 -76,036 43,918
Restricted funds 0 13,041 -18,557 76,036 70,520
Totalfunds 108,580 87,268 -81,410 0 114,438

17 Analysis of net assets between funds

Unrestricted Restricted
Funds Funds
General Totalfunds
£ £ £
Tangible fixed assets 3,363 79,519 82,882
Current assets 94,152 58,354 152,506
Current liabilities -4,018 0 -4,018
93,497 137,873 231,370
18Analysis of netfunds
At 1 May2024 Cash flow At30 April 2025
£ £ £
Cash at bankand in hand 148,199 -1,295 146,904
Netdebt 148,199 -1,295 146,904

14

The Leyburn Arts Centre Limited

Detailed Statement of Financial Activities for the Year Ended 30 April 2025

Unrestricted Restricted 2025 2024
funds funds Total Total
£ £ £ £
Income and endowments from:
Donations and legacies 48,976 35,161 84,137 28,212
Charitable activities 59,976 0 59,976 58,633
Investment income 528 0 528 423
Total income 109,480 35,161 144,641 87,268
Expenditure on:
Raising funds 33,997 25,686 59,683 46,330
Charitable activities SL 772. 9,610 41,382 35,080
Total expenditutre 65,769 35,297 101,065 81,410
Netexpenditure/income 43,712 -136 43,576 5,858
Net movement in funds 43,712 -136 43,576 5,858
Designated Funds Community shed 0 0
Reconciliation offunds
Totalfunds brought forward 114,438 0 114,438 108,580
Total funds carried forward 158,150 -136 158,014 114,438
Unrestricted Restricted 2025 2024
funds funds Total Total
£ ff £ £
Donations and legacies
Donations 1,516 0 1,516 2,156
Grants from other charities 0 5,659 5,659 17,756
Grants from Local Authorities 47,460 29,502 76,961 8,300
Gift Aid reclaim 0 0 0
48,976 35,161 84,137 28,212
Unrestricted Restricted 2025 2024
funds funds Total Total
£ £ £ £
Charitable activities
Charitable activities 59,976 0 59,976 58,633
59,976 0 59,976 58,633

15

The Leyburn Arts Centre Limited

Detailed Statement of Financial Activities for the Year Ended 30 April 2025

Income continued

Unrestricted Restricted 2025 2024
funds funds Total Total
£ £ £ £
Investment income
Interest receivable 528 0 528 423
528 0 528 423
Expenditure
Unrestricted Restricted 2025 2024
funds funds Total Total
£ £ £ £
Raising funds
Purchases 19,042 19,042 17,528
Wages and salaries 13,220 1712 14,932 15,107
Pension scheme (Defined contribution) 361 361 541
Computer software and maintenance 294 294 150
Depreciation 1,079 23,974 25,054 13,005
33,997 25,686 59,683 46,330
Unrestricted Restricted 2025 2024
funds funds Total Total
£ £ £ £
Charitable activities
Rent 11,900 11,900 11500
Lightand heat 7,104 1,500 8,604 3907
Ratesand water 1,150 1,150 496
Insurance 699 699 633
Repairs and maintenance 1,744 1,744 1974
Telephone and internet 910 910 774
Donations 0 0 348
Cleaning 1,597 1,597 2008
Printing, postage and stationery 187 187 450
Software 457 457 420
Licenses 1,083 1,083 927
Activity Costs 0) 8,110 8,110 5565
Advertising 2,464 2,464 3551
Legal fees 34 34 13
Independent examinerfees 2,441 2,441 2377
Bank charges 0 0 136
31,772 9,610 41,382 35080

16