``` REGISTERED COMPANY NUMBER: 06540616 REGISTERED CHARITY NUMBER: 1124227 ``` ``` Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2020 for Mylnhurst Sports Education & Leisure ``` ``` C J Woodhead & Co Ltd 158 Hemper Lane Greenhill Sheffield South Yorkshire S8 7FE ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Contents of the Financial Statements for the Year Ended 31 August 2020 Page Report of the Trustees 1to2 Independent Examiner's Report 3to4 Statement of Financial Activities 5 Balance Sheet 6to7 Notes to the Financial Statements 8to15 Detailed Statement of Financial Activities 16to17 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Report of the Trustees for the Year Ended 31 August 2020 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006, presenttheirreportwiththefinancialstatementsofthecharityfortheyear ended 31August2020.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by Charities:Statementof RecommendedPracticeapplicableto charitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` TheobjectivesandactivitiesofthecharityaretooperatetheMcAuleyBuildingandits sporting activities. ``` - `of the charity are to operate the McAuley the level of reserves that the charity ought to` - `the level of reserves required, excluding fixed its governing document, a deed of trust, and Association, the members of the board shall not less than three members. No person who is not one third of the members of the Council` ## **`FINANCIAL REVIEW`** ## **`Reserves policy`** ``` TheTrusteeshaveestablishedthelevelofreservesthatthecharityoughttohave.Reserves are needed to bridge the funding gaps should there be a rapid shortfall in fees. ``` ``` Thetrusteesconsiderthatthelevelofreservesrequired,excludingfixedassetstobe £100,000. The actual level of reserves at 31st August 2020 was £758,089 (2019 - £623,833). ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesa limited company, limited by guarantee, as defined by the Companies Act 2006. ``` ## **`Recruitment and appointment of new trustees`** ``` AssetoutintheArticlesofAssociation,themembersoftheboardshallnotbesubjectto any maximum,butshallnotbelessthanthreemembers.Nopersonwhoisnotamemberof the Company shall in any circumstances be eligible to hold office as a member of the Council. ``` ``` At the AnnualGeneralMeetingone third of the membersof the Councilor if their numberis not a multiple of three then the number nearest to one third shall retire from office. ``` ## **`Organisational structure`** ``` The Board of Trustees administers the charity. The Board meets monthly. ``` ## **`Induction and training of new trustees`** ``` New trusteesare briefedon theirlegalobligationsundercharityand companylaw, the content of theMemorandumandArticlesofAssociation,theCommitteeanddecisionmakingprocess, the business plan and recent financial performance of the charity. ``` ## **`Related parties`** ``` The Trustees are also Trustees of Mylnhurst Ltd which is therefore a related party. ``` ``` Page 1 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Report of the Trustees for the Year Ended 31 August 2020 ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 06540616 (Not specified/Other) ``` ## **`Registered Charity number`** ``` 1124227 ``` ## **`Registered office`** ``` The McAuley Building Button Hill Ecclesall Sheffield South Yorkshire S11 9HJ ``` ## **`Trustees`** ``` Mrs A C Raftery Mrs C Thompson ``` ## **`Company Secretary`** ``` Mrs A C Raftery ``` ## **`Independent Examiner`** ``` C J Woodhead & Co Ltd 158 Hemper Lane Greenhill Sheffield South Yorkshire S8 7FE ``` ## **`Bankers`** ``` The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT ``` ## ``` Approved by order of the board of trustees on 31 May 2021 and signed on its behalf by: ``` ``` Mrs C Thompson - Trustee ``` ``` Page 2 ``` ``` Independent Examiner's Report to the Trustees of Mylnhurst Sports Education & Leisure ``` ## **`Independent examiner's report to the trustees of Mylnhurst Sports Education & Leisure ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyforthe year ended 31 August 2020. ``` ## **`Responsibilities and basis of report`** ``` As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof company law) youareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeaudited under Part16ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectof my examinationofyourcharity'saccountsas carriedoutundersection145oftheCharitiesAct 2011 ('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenby the Charity Commission under section 145(5) (b) of the 2011 Act. ``` ``` Page 3 ``` ``` Independent Examiner's Report to the Trustees of Mylnhurst Sports Education & Leisure ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattention 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` `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)).` - `Practice for accounting and reporting by` - `their accounts in accordance with the Financial no other matters in connection` - `drawn in this report in order to enable a proper` ``` I have no concernsand have come acrossno othermattersin connectionwith the examination to whichattentionshouldbedrawninthisreportinordertoenablea properunderstandingof the accounts to be reached. ``` ``` Christopher John Woodhead FCA BA (Hons) FCA C J Woodhead & Co Ltd 158 Hemper Lane Greenhill Sheffield South Yorkshire S8 7FE ``` ``` 31 May 2021 ``` ``` Page 4 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Statement of Financial Activities for the Year Ended 31 August 2020 ``` |**DRAFT**
`31.8.20`
`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`25,000`
**`Charitable activities`**
`Leisure activities`
`125,426`
`Investment income`
`2`
`39`
`Other income`
`7,067`
**`Total`**
`157,532`
**`EXPENDITURE ON`**
`Raising funds`
`6,154`
`Other`
`129,021`
**`Total`**
`135,175`
**`NET INCOME`**
`22,357`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`735,732`
**`TOTAL FUNDS CARRIED FORWARD`**
`758,089`|`31.8.19`
`Total`
`funds`
`£`
`25,000`
`224,383`
`3`
`-`| |---|---| ||`249,386`
`12,059`
`125,428`| ||`137,487`| ||`111,899`
`623,833`| ||`735,732`| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Balance Sheet 31 August 2020 ``` |**DRAFT**
`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
**`CURRENT ASSETS`**
`Debtors`
`8`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than`
`one year`
`10`
**`NET ASSETS`**
**`FUNDS`**
`12`
`Unrestricted funds`
**`TOTAL FUNDS`**|`31.8.20`
`31.8.19`
`Unrestricted`
`Total`
`fund`
`funds`
`£`
`£`
`1,643,789`
`1,647,823`
`72,013`
`57,666`
`38,105`
`69,248`
`110,118`
`126,914`
`(95,818)`
`(114,005)`
`14,300`
`12,909`
`1,658,089`
`1,660,732`
`(900,000)`
`(925,000)`
`758,089`
`735,732`
`758,089`
`735,732`
`758,089`
`735,732`| |---|---| ``` Thecharitablecompanyis entitledtoexemptionfromauditunderSection477ofthe Companies Act 2006 for the year ended 31 August 2020. ``` ``` The membershave not requiredthe companyto obtainan auditof its financialstatementsfor the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006. ``` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 6 ``` ``` Mylnhurst Sports Education & Leisure ``` ## `Balance Sheet - continued 31 August 2020` ``` 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.` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to charitable companies subject to the small companies regime. ``` - `approved by the Board of Trustees and` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 31 May 2021 and were signed on its behalf by: ``` ``` C Thompson - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements for the Year Ended 31 August 2020 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentity under FRS102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102) 'Accounting andReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicable in theUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting Standard102'TheFinancialReportingStandardapplicableintheUKandRepublic of Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenprepared under the historical cost convention. ``` - `in the Statement of Financial Activities it is probable that the income will be` - `as expenditure as soon as there to that expenditure, it is probable that a in settlement and the amount of the obligation` - `is accounted for on an accruals basis and has all cost related to the category. Where costs` - `headings they have been allocated to activities at the following annual rates in order to write - 33% on cost and 15% on cost` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharity has entitlementtothefunds,itisprobablethattheincomewillbereceivedandthe amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesare recognisedas expenditureas soon as thereis a legal or constructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferof economic benefitswillberequiredinsettlementandtheamountoftheobligationcanbe measured reliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly attributedto particularheadingsthey have been allocatedto activitieson a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachasset over its estimated useful life. ``` ``` Fixtures and fittings- 33% on cost and 15% on cost ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesat the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjects of thecharity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the financial statements. ``` ``` continued... ``` ``` Page 8 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme. Contributions payabletothecharitablecompany'spensionschemearechargedtotheStatement of Financial Activities in the period to which they relate. ``` ## **`2. INVESTMENT INCOME`** **----- Start of picture text -----**
31.8.20 31.8.19
£ £
Interest receivable - trading 39 3
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.8.20 31.8.19
£ £
Depreciation - owned assets 4,034 4,751
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August
nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the
ended 31 August 2019.
DRAFT
**----- End of picture text -----**
**`3. NET INCOME/(EXPENDITURE)`** ``` 4.TRUSTEES' REMUNERATION AND BENEFITS Therewere no trustees'remunerationor otherbenefitsfor theyearended31 August 2020 nor for the year ended 31 August 2019. ``` ``` Therewerenotrustees'expensespaidfortheyearended31 August2020norforthe year ended 31 August 2019. ``` ``` continued... ``` ``` Page 9 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` ## **`5. STAFF COSTS`** ||`The average monthly number of employees during the year was as`|`follows:`|| |---|---|---|---| |||`31.8.20`|`31.8.19`| ||`Administrative (including part time)`|`5`|`5`| ||||| ||`No employees received emoluments in excess of £60,000.`||| |**`6.`**|**DRAFT**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Leisure activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`Other`
**`Total`**||`Unrestricted`
`fund`
`£`
`25,000`
`224,383`
`3`
`249,386`
`12,059`
`125,428`
`137,487`| ||**`NET INCOME`**||`111,899`| ||**`RECONCILIATION OF FUNDS`**||| ||**`Total funds brought forward`**||`623,833`| ||**`TOTAL FUNDS CARRIED FORWARD`**||`735,732`| ``` continued... ``` ``` Page 10 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` ## **`7. TANGIBLE FIXED ASSETS`** |**DRAFT**
`Fixtures`
`Long`
`and`
`leasehold`
`fittings`
`£`
`£`
**`COST`**
`At 1 September 2019 and`
`31 August 2020`
`1,620,988`
`99,325`
**`DEPRECIATION`**
`At 1 September 2019`
`-`
`72,537`
`Charge for year`
`-`
`4,018`
`At 31 August 2020`
`-`
`76,555`
**`NET BOOK VALUE`**
`At 31 August 2020`
`1,620,988`
`22,770`
`At 31 August 2019`
`1,620,988`
`26,788`
**`8.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`VAT`
`Prepayments and accrued income`|`Computer`
`equipment`
`Totals`
`£`
`£`
`363`
`1,720,676`
`316`
`72,853`
`16`
`4,034`
`332`
`76,887`
`31`
`1,643,789`
`47`
`1,647,823`
`31.8.20`
`31.8.19`
`£`
`£`
`3,902`
`7,605`
`67,134`
`49,782`
`698`
`-`
`279`
`279`
`72,013`
`57,666`|`Computer`
`equipment`
`Totals`
`£`
`£`
`363`
`1,720,676`
`316`
`72,853`
`16`
`4,034`
`332`
`76,887`
`31`
`1,643,789`
`47`
`1,647,823`
`31.8.20`
`31.8.19`
`£`
`£`
`3,902`
`7,605`
`67,134`
`49,782`
`698`
`-`
`279`
`279`
`72,013`
`57,666`|`Computer`
`equipment`
`Totals`
`£`
`£`
`363`
`1,720,676`
`316`
`72,853`
`16`
`4,034`
`332`
`76,887`
`31`
`1,643,789`
`47`
`1,647,823`
`31.8.20`
`31.8.19`
`£`
`£`
`3,902`
`7,605`
`67,134`
`49,782`
`698`
`-`
`279`
`279`
`72,013`
`57,666`| |---|---|---|---| |||`72,853`
`4,034`|| |||`76,887`|| |||`1,643,789`|| ||||| |||`1,647,823`|| ||||| ||||`31.8.19`
`£`
`7,605`
`49,782`
`-`
`279`| ||||`57,666`| ||||| ||||| ``` continued... ``` ``` Page 11 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` |**DRAFT**
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`31.8.20`
`£`
`Other loans (see note 11)`
`25,000`
`Trade creditors`
`12,678`
`Payroll creditor`
`177`
`VAT`
`-`
`Other creditors`
`51,970`
`Accruals and deferred income`
`-`
`Accrued expenses`
`5,993`
`95,818`
**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`31.8.20`
`£`
`Other loans (see note 11)`
`900,000`
**`11.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`31.8.20`
`£`
`Amounts falling due within one year on demand:`
`Other loans`
`25,000`
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Other loans more 5yrs instal`
`900,000`|`31.8.19`
`£`
`25,000`
`10,003`
`577`
`2,148`
`48,679`
`15,756`
`11,842`| |---|---| ||`114,005`| ||| ||`31.8.19`
`£`
`925,000`| ||| ||`31.8.19`
`£`
`25,000`| ||| ||`925,000`| ``` continued... ``` ``` Page 12 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` ## **`12. MOVEMENT IN FUNDS`** |**DRAFT**
`At 1.9.19`
`£`
**`Unrestricted funds`**
`General fund`
`735,732`
**`TOTAL FUNDS`**
`735,732`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`157,532`
**`TOTAL FUNDS`**
`157,532`
**`Comparatives for movement in funds`**
`At 1.9.18`
`£`
**`Unrestricted funds`**
`General fund`
`623,833`
**`TOTAL FUNDS`**
`623,833`|`Net`
`movement`
`At`
`in funds`
`31.8.20`
`£`
`£`
`22,357`
`758,089`
`22,357`
`758,089`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(135,175)`
`22,357`
`(135,175)`
`22,357`
`Net`
`movement`
`At`
`in funds`
`31.8.19`
`£`
`£`
`111,899`
`735,732`
`111,899`
`735,732`| |---|---| ``` continued... ``` ``` Page 13 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` ## **`12. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |||`Incoming`|`Resources`|`Movement`|`Movement`| |---|---|---|---|---|---| |||`resources`|`expended`||`in funds`| |||`£`|`£`||`£`| |**`Unrestricted funds`**|||||| |`General fund`||`249,386`|`(137,487)`||`111,899`| |**DRAFT**
**`TOTAL FUNDS`**
`249,386`
`(137,487)`
`111,899`
`A current year 12 months and prior year 12 months combined position is as follows:`
`Net`
`movement`
`At`
`At 1.9.18`
`in funds`
`31.8.20`
`£`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`623,833`
`134,256`
`758,089`
**`TOTAL FUNDS`**
`623,833`
`134,256`
`758,089`
`A current year 12 months and prior year 12 months combined net movement in funds,`
`included in the above are as follows:`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`|||||| |||`£`|`£`||`£`| |**`Unrestricted funds`**|||||| |`General fund`||`406,918`|`(272,662)`||`134,256`| |**`TOTAL FUNDS`**||`406,918`|`(272,662)`||`134,256`| ``` continued... ``` ``` Page 14 ``` ``` Mylnhurst Sports Education & Leisure ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 August 2020 ``` ## **`13. RELATED PARTY DISCLOSURES`** ``` MylnhurstSports,Education&Leisurehasanintercompanyloanindebtedness to Mylnhurst Ltd which amounted to £49,893 at 31st August 2020 (2019 - £48,679). The Company was owed £8,116 from Mylnhurst Merlins (2019 - £8,514). ``` ``` Page 15 ``` ``` Mylnhurst Sports Education & Leisure ``` |**DRAFT**
`Detailed Statement of Financial Activities`
`for the Year Ended 31 August 2020`
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Gifts`
**`Investment income`**
`Interest receivable - trading`
**`Charitable activities`**
`Fees`
`Cafe sales`
**`Other income`**
`Furlough monies received`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Other trading activities`**
`Purchases`
`Pool expenses`
**`Support costs`**
**`Management`**
`Wages`
`Social security`
`Pensions`
`Rates and water`
`Insurance`
`Light and heat`
`Carried forward`|`31.8.20`
`£`
`25,000`
`39`
`124,259`
`1,167`
`125,426`
`7,067`
`157,532`
`2,655`
`3,499`
`6,154`
`21,120`
`357`
`-`
`7,621`
`6,683`
`20,574`
`56,355`|`31.8.19`
`£`
`25,000`
`3`
`214,034`
`10,349`| |---|---|---| |||`224,383`
`-`| |||`249,386`
`3,611`
`8,448`| |||`12,059`
`18,292`
`-`
`76`
`16,748`
`4,416`
`18,549`
`58,081`| ``` This page does not form part of the statutory financial statements ``` ``` Page 16 ``` ``` Mylnhurst Sports Education & Leisure ``` |**DRAFT**
`Detailed Statement of Financial Activities`
`for the Year Ended 31 August 2020`
**`Management`**
`Brought forward`
`Repairs`
`Sundries`
`Service charge`
`Printing, postage & stationery`
`Telephone`
`Cleaning`
`Advertising`
**`Governance costs`**
`Accountancy fees`
`Payroll costs`
`Fixtures and fittings`
`Computer equipment`
`Total resources expended`
**`Net income`**|`31.8.20`
`£`
`56,355`
`26,317`
`480`
`28,430`
`578`
`298`
`10,220`
`625`
`123,303`
`1,513`
`171`
`4,018`
`16`
`5,718`
`135,175`
`22,357`|`31.8.19`
`£`
`58,081`
`5,241`
`-`
`48,970`
`123`
`349`
`6,229`
`-`| |---|---|---| |||`118,993`
`1,513`
`171`
`4,727`
`24`| |||`6,435`| |||`137,487`| |||`111,899`| |||| |||| ``` This page does not form part of the statutory financial statements ``` ``` Page 17 ```