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2022-12-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

Charity No. 1123771

Trustees' Report and Unaudited Accounts

31 December 2022

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Contents

Pages
Trustees' Annual Report 3 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9
Statement of Cash flows 10
Notes to the Accounts 11 to 18
Detailed Statement of Financial Activities 19 to 20

Page 1

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

Trustees Annual Report

The Trustees present their Annual Report together with the Financial Statement of The RCCG Winner Sanctuary(the charity)for the period ended 31st December 2022.The Trustees confirm that the Annual Report and Financial statements of the Charity comply with the current statutory requirements as provided in the provisions of the statement of Recommended Practice(SORP),applicable to charities preparing their accounts in accordance with the Financial Report Standard applicable in the UK and Republic of Ireland(FRS 102)(effective 1st January 2015) as amended by Updated Bulletin 1(effective 1st January 2015).

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1123771

Principal Office

19 Adam Close London SE6 3ST

Registered Office

19 Adam Close London SE6 3ST

Trustees

The following Trustees served during the year:

E.A. Adeboye T.A. Adesina S.A. Badaru S.O. Bakare Key Management Personnel Chairman(Board of Trustee) Pastor S.O.Bakare Secretary Ms.S.A.Badaru Treasurer Pastor.T.A.Adesina

Accountants

FREDRICKS ACCOUNTANTS & CO LTD Suite 204 133 Creek Road Greenwich London SE8 3BU

Bankers

HSBC UK 149 Rushey Green Carford London SE6 4BQ

Page 2

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The Charity is constituted under a Trust Deed dated 3rd July 2004, and Charity number is 1123771 on the central registered of the Charity Commission of England and Wales. The principal objectives of the Charity are the advancement of the Christian faith worldwide and the relief of poverty.

Recruitment and Appointment of New Trustees

Trustees and Members of Committees are appointed by the Church Ministerial Board using the essential skill and assessment method. Priority is given to criteria required to have an effective and efficient Board and Committees. To this end, the Board is carefully grafted with the right mix of skills and experience to discharge its duties and ensure effective governance and management. The trustees serve a term of two years which is renewable at the discretion of the Board. The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust Deed.

Organizational Structure and Decision Making

The church is organized so that the trustees meet regularly to manage its affairs. There are a full-time Minister and Volunteers, who manage the day-to-day administration of the church.

Related Party Relationships

RCCG-Winners Sanctuary is a member of Redeemed Christian Church of God (RCCG)which has Parishes all over the world. An Agreement governs the relationship for common purposes between the parishes and RCCG.

Development activities and achievement in the year

The trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people. The Church has improved in membership strength and is increasingly reaching out to the community. More focus and greater success were achieved in the area of Evangelism and community outreach. Community Outreach, Sword fellowship for Single, Widows or Divorce, Community counselling, Assist the elderly and less privilege. Also, we partner with the Samaritan's Purse by making a regular donation during Christmas to children.

Risk Management

The trustees have assessed the major risks to which the Charity is exposed, particularly those relating to the operations and finance and are satisfied with the risk management systems in place to mitigate any exposure. Risk is an everyday part of charitable activity and managing it effectively is essential if the trustees are to achieve their key objectives and safeguard their charity's funds and assets. Therefore, the Charity has developed appropriate Risk Management Framework which consists of the Risk Management Policy and the Risk Management Procedures outline in the operational guidelines.

Future Developments

The Church will continue to explore various ways of spreading the gospel of Christ effectively. Charity is looking to grow in membership and continue to develop its members to make a life-changing impact in society, plant more parishes, open Bookshops, community choir and acquire its property.

Page 3

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Trustees Annual Report

Principal Funding Source

Individual donations and gifts continued to be the main sources of income. Tithe, Pledge, Building and Thanksgiving offering amounted to £36,845 (2021: £29,260). Other incoming resources was from Gift Aid reclaimed. The total of these amounted to £9,010 (2021: £13,784) for the year. All the Voluntary income is unrestricted. Charitable expenditure has also increased with the growth of the church as key departments expand to cater for the growth in visitors and members.

Financial Review

The financial statements cover the operations of Redeemed Christian Church of God Winners Sanctuary, London. For the year ended 31 December 2022, the Statement of Financial Activities shows total incoming resources of £45,855 (2021: £43,044). This was spent mainly on charitable activities and total expenditure amounted to £48,840 (2021: £56,849). We closed the year with a deficit of £2,985 (2021: £13,805). This deficit has been deducted from the reserves against future accounting periods.

Reserve Policy

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserve) held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of significant drop in funding.

Statement of Trustees Responsibility

The trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted). The law applicable to charities in England and wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

a) select suitable accounting policies and then apply them consistently

b) observe the methods and principles in the Charities SORP;

c) make judgments and estimates that are reasonable and prudent;

d) state whether applicable UK Accounting Standards have been followed, subject to any material departures explained in the financial statements;

e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Page 4

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Trustees Annual Report

Signed on behalf of the board

Bakare.S.O S.O. Bakare Trustee 11 September 2023

Page 5

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Independent Examiners Report

Independent Examiner's Report to the trustees of REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

I report to the charity trustees on my examination of the financial statements of REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

Adesina Otufale ACCA FREDRICKS ACCOUNTANTS & CO LTD Suite 204 133 Creek Road Greenwich London SE8 3BU 11 September 2023

Page 6

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Statement of Financial Activities

for the year ended 31 December 2022

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net expenditure
8
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
36,845
9,010		 Total funds
2022
£
36,845
9,010		 Total funds
2021
£
29,260
13,784
45,855
9,703
39,137		 45,855
9,703
39,137		 43,044
-
56,849
48,840
-		 48,840
-		 56,849
-
(2,985)
-		 (2,985)
-		 (13,805)
-
(2,985) (2,985) (13,805)
(2,985)
84,233		 (2,985)
84,233		 (13,805)
98,038
81,248 81,248 84,233

Page 7

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

Summary Income and Expenditure Account

for the year ended 31 December 2022

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net expenditure before tax for the year
Net expenditure for the year		 2022
£
45,855
45,855
47,928
912
48,840
(2,985)
(2,985)		 2021
£
43,044
43,044
55,639
1,210
56,849
(13,805)
(13,805)

Page 8

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

Balance Sheet

at 31 December 2022

Company No.
Notes
2022
£
Fixed assets
Tangible assets
10
2,805
2,805
Current assets
Cash at bank and in hand
98,849
98,849
Creditors:Amount falling due within one year
11
(2,859)
Net current assets
95,990
Total assets less current liabilities
98,795
Creditors:Amounts falling due after more than one year
12
(17,547)
Net assets excluding pension asset or liability
81,248
Total net assets
81,248
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
81,248
81,248
Reserves
13
Total funds
81,248		 2021
£
3,717
3,717
104,346
104,346
(1,936)
102,410
106,127
(21,894)
84,233
84,233
84,233
84,233
84,233

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 11 September 2023

And signed on its behalf by:

Adesina.T.A

T.A. Adesina

Trustee

11 September 2023

Page 9

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Statement of Cash flows

for the year ended 31 December 2022

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2022
£
(2,985)
912
(9,010)
923
(10,160)
9,010
9,010
(4,347)
(4,347)
(5,497)
104,346
98,849
98,849
98,849		 2021
£
(13,805)
1,210
(13,784)
298
(26,081)
13,784
13,784
(3,106)
(3,106)
(15,403)
119,749
104,346
104,346
104,346

Page 10

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Notes to the Accounts

for the year ended 31 December 2022

Basis of preparation

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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

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

useful life:
Plant and machinery 25% Reducing Balance
Fixtures, fittings and
equipment		 25% Reducing Balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 12

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 13

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital. The Church is a Registered Charity with Charity Commission of England and Wales.

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Tithe and Offering
Thanksgiving
5
Other income
Grant
Other income
Gift Aid Reclaimed		 Unrestricted
£
36,495
350
36,845
Unrestricted
£
-
2,500
6,510
9,010		 Unrestricted
funds
2021
£
29,260
13,784
43,044
56,849
56,849
(13,805)
(13,805)
(13,805)
98,038
84,233
Total
2022
£
36,495
350
36,845
Total
2022
£
-
2,500
6,510
9,010		 Total funds
2021
£
29,260
13,784
43,044
56,849
56,849
(13,805)
(13,805)
(13,805)
98,038
84,233
Total
2021
£
29,110
150
29,260
Total
2021
£
6,490
-
7,294
13,784

Page 14

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

Notes to the Accounts

6 Expenditure on charitable activities

6 Expenditure on charitable activities
Unrestricted Total Total
2022 2021
£ £ £
Expenditure on charitable
activities
Mission 8,391 8,391 -
Donation to other Ministries 1,312 1,312 -
Governance costs
9,703 9,703 -
7 Other expenditure
Unrestricted Total Total
2022 2021
£ £ £
Welfare expenses 250 250 176
Employee costs 13,109 13,109 16,142
Motor and travel costs 1,839 1,839 3,829
Premises costs 16,699 16,699 23,475
Amortisation, depreciation,
impairment, profit/loss on 912 912 1,210
disposal of fixed assets
General administrative costs 5,828 5,828 6,222
Legal and professional costs 500 500 5,795
39,137 39,137 56,849
8 Net expenditure before transfers
2022 2021
This is stated after charging: £ £
Depreciation of owned fixed assets 912 1,210
9 Staff costs
2022 2021
Salaries and wages 12,318 14,190
Social security costs - 906
Pension costs 791 596
13,109 15,692
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2022 2021
Number Number
Mission/Evangelism - -
Adminstrative - 1
- 1

Page 15

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Notes to the Accounts

10 Tangible fixed assets

10 Tangible fixed assets
Plant and
machinery
£
Cost or revaluation
At 1 January 2022
1,106
At 31 December 2022
1,106
Depreciation and
impairment
At 1 January 2022
756
Depreciation charge for the
year
70
At 31 December 2022
826
Net book values
At 31 December 2022
280
At 31 December 2021
350
11 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
12 Creditors:
amounts falling due after more than one year
Bank loans and overdrafts
13 Movement in funds
At 1 January
2022
Restricted funds:
Unrestricted funds:
General funds
84,233
Total funds
84,233		 Fixtures,
fittings and
equipment
£
-
-
-
-
-
-
-
2022
£
1,942
96
821
2,859
2022
£
17,547
17,547
Incoming
resources
(including
other
gains/losses
)
£
45,855
45,855		 £
21,938
21,938
18,571
842
19,413
2,525
3,367
Resources
expended
£
(48,840)
(48,840)		 Total
£
23,044
23,044
19,327
912
20,239
2,805
3,717
2021
£
1,191
145
600
1,936
2021
£
21,894
21,894
At 31
December
2022
£
81,248
81,248

Page 16

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY

Notes to the Accounts

14 Analysis of net assets between funds

Fixed assets
Net current assets
Creditors due in more than one year and
provisions
Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 Unrestricted
funds
£
2,805
95,990
-
98,795
At 1 January
2022
£		 Restricted
funds
£
-
-
(17,547)
(17,547)
Cash flows
£		 Total
£
2,805
95,990
(17,547)
81,248
At 31
December
2022
£
104,346 (5,497) 98,849
104,346
(21,894)
(21,894)
82,452		 (5,497)
4,347
4,347
(1,150)		 98,849
(17,547)
(17,547)
81,302

15 Reconciliation of net debt

16 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2022 2022 2021 2021
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2022 2021
£ £
The pension cost charge to the company
amounted to: 791 596

17 Related party disclosures

Controlling party

The Church is a Registered Charity with Charity Commission of England and Wales; thus no single party controls the Church.

Page 17

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Detailed Statement of Financial Activities

for the year ended 31 December 2022

Income and endowments from:
Donations and legacies
Tithe and Offering
Thanksgiving
Other
Grant
Other income
Gift Aid Reclaimed
Total income and endowments
Expenditure on:
Charitable activities
Mission
Donation to other Ministries
Total of expenditure on charitable
activities
Other expenditure
Welfare expenses
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Training and Conference
Motor and travel costs
Vehicles - General costs
Vehicles - Leasing and hire costs
Travel and subsistence
Premises costs
Rent
Rates
Light, heat and power
Water rate
Storage cost
Leasehold payment		 Unrestricted
funds
2022
£
36,495
350
36,845
-
2,500
6,510
9,010
45,855
8,391
1,312
9,703
9,703
250
250
12,318
-
791
-
13,109
327
1,437
75
1,839
10,540
1,648
-
192
1,100
3,219
16,699		 Total funds
2022
£
36,495
350
36,845
-
2,500
6,510
9,010
45,855
8,391
1,312
9,703
9,703
250
250
12,318
-
791
-
13,109
327
1,437
75
1,839
10,540
1,648
-
192
1,100
3,219
16,699		 Total funds
2021
£
29,110
150
29,260
6,490
-
7,294
13,784
43,044
-
-
-
-
176
176
14,190
906
596
450
16,142
641
3,123
65
3,829
14,418
1,975
1,170
-
-
5,912
23,475

Page 18

REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS SANCTUARY Detailed Statement of Financial Activities

General administrative costs,

including depreciation and
amortisation
Depreciation of Plant and
machinery
Depreciation of Fixtures, fittings
and equipment
Depreciation of
Bank charges
Equipment expensed
Equipment repairs and
maintenance
General insurances
Honorariums
Postage and couriers
Conference/Seminars
Stationery and printing
Subscriptions
General office expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Consultancy fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 70
-
842
179
218
595
501
1,770
107
500
350
58
1,550
-
6,740
500
-
-
500
39,137
48,840
-
(2,985)
(2,985)
-
(2,985)
84,233
81,248		 70
-
842
179
218
595
501
1,770
107
500
350
58
1,550
-
6,740
500
-
-
500
39,137
48,840
-
(2,985)
(2,985)
-
(2,985)
84,233
81,248		 88
-
1,122
15
-
-
-
3,485
604
1,815
-
-
275
28
7,432
600
950
4,245
5,795
56,849
56,849
-
(13,805)
(13,805)
-
(13,805)
98,038
84,233

Page 19