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← Redeemed Christian Church Of God - Majesty Connections

2025-03-31-accounts

RCCG Majesty Connections

Charity No. 1130159

Company No. 09409995

Trustees' Report and Unaudited Accounts

31 March 2025

RCCG Majesty Connections Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5 to 5
Statement of Financial Activities 6 to 6
Summary Income and Expenditure Account 7 to 7
Balance Sheet 8 to 8
Statement of Cash flows 9 to 9
Notes to the Accounts 10 to 19
Detailed Statement of Financial Activities 20 to 21

Page 1

RCCG Majesty Connections Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 09409995

Charity No. 1130159

Principal Office

17 Parnell Close Chafford Hundred Grays Essex

RM16 6BQ

Registered Office

17 Parnell Close

Chafford Hundred

Grays Essex RM16 6BQ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

F. Adeeko

I. Azenabor

A. Oladele

==> picture [297 x 55] intentionally omitted <==

Key Management Personnel

General Overseer Pastor in Charge

Pastor E A Adeboye Pastor Victor Oladele

Accountants

Marvelous Ventures 71 Kentlea Road Thamesmead London SE28 0JY

Bankers

Barclays Bank PLC Leicester LL87 2BB

Page 2

RCCG Majesty Connections Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The charity’s purposes are the advancement of the Christian faith and the provision of charitable services for the benefit of the wider community.

To further these purposes during 2025, the charity carried out the following principal activities:

. Regular public worship, prayer meetings, Christian teaching and residential retreats

. Discipleship, pastoral care, and ministry to children, young people, and adults

. Community outreach and evangelistic activities

. The operation of Basildon Foodbank and associated support services

In planning activities, the trustees have had due regard to the Charity Commission’s guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

During 2025, the church continued to experience growth in attendance and participation, resulting in the operation of two Sunday services. Teaching, prayer (including residential retreats), and pastoral activities supported the spiritual wellbeing of members and encouraged active engagement in community life.

A significant achievement during the year was the continued development of Basildon Foodbank, which operates as a core outreach ministry of the church. The food bank expanded its operations across two sites, improving accessibility and capacity to respond to local need. The introduction of fresh food provision and the embedding of on-site financial inclusion support enhanced the quality and dignity of the service offered.

Despite challenging economic conditions and increased local demand, the charity remained operationally stable and effective in delivering both its church-based and community-facing activities.

Public Benefit

The trustees confirm that the charity’s activities provide public benefit in accordance with Charity Commission guidance. Through worship, teaching, and pastoral care, the charity promotes spiritual wellbeing, moral development, and social responsibility. Through community outreach—particularly the operation of Basildon Foodbank—the charity relieves hardship, prevents hunger, and supports individuals and families experiencing financial difficulty.

FINANCIAL REVIEW

The charity’s income is derived primarily from voluntary giving, supplemented by restricted and project-based funding linked to community outreach activities. Expenditure during the year supported ministry delivery, premises costs, staffing, and charitable projects.

The trustees are satisfied that the charity has managed its resources responsibly and operated within its financial means during the year.

Reserves Policy

The trustees seek to maintain an appropriate level of reserves to ensure the ongoing stability of the charity and to manage financial risk. Reserves are kept under regular review, taking into account operational commitments, future plans, and external economic factors.

Page 3

RCCG Majesty Connections Trustees Annual Report

Principal Risks and Uncertainties

The trustees have identified the main risks facing the charity as:

. Financial sustainability in a challenging economic climate

. Pressure on premises capacity due to organisational growth . Ongoing reliance on volunteers for key activities

These risks are mitigated through prudent financial oversight, strategic planning, safeguarding and governance controls, and investment in leadership and volunteer development.

PLANS FOR FUTURE PERIODS

In the coming year, the trustees intend to:

. Consolidate recent growth across church and community activities

. Continue developing Basildon Foodbank and associated support services

. Explore long-term premises solutions

. Strengthen financial sustainability and governance arrangements

STRUCTURE, GOVERNANCE AND MANAGEMENT

RCCG Majesty Connections is a Christian charitable organisation operating as a local parish within the Redeemed Christian Church of God (RCCG). The charity is governed by a Board of Trustees who are responsible for setting strategic direction, ensuring compliance with charity law, safeguarding charitable assets, and overseeing financial stewardship.

Trustees meet regularly and are supported by ministry leaders, staff, and volunteers who deliver the charity’s activities. Policies relating to safeguarding, finance, risk management, and governance are reviewed periodically to ensure good practice and compliance.

The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.

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).

Signed on behalf of the board

A. Oladele

Trustee

31 December 2025

Page 4

RCCG Majesty Connections Independent Examiners Report

Independent Examiner's Report to the trustees of RCCG Majesty Connections

I report to the charity trustees on my examination of the financial statements of RCCG Majesty Connections for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the 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

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FAIA, which is one of the listed bodies.

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:

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.

Oluyemisi Owete FAIA Marvelous Ventures

71 Kentlea Road Thamesmead London

SE28 0JY

31 December 2025

Page 5

RCCG Majesty Connections Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
9
Total
Net gains on investments
Net (expenditure)/income
10
Transfers between funds
Net (expenditure)/income
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
2025
£
128,068
20,424		 Restricted
funds
2025
£
154,327
-		 Total funds
2025
£
282,395
20,424		 Total funds
2024
£
330,873
292
148,492
-
77,764
79,201		 154,327
152,923
-
-		 302,819
152,923
77,764
79,201		 331,165
116,615
74,458
55,014
156,965
-		 152,923
-		 309,888
-		 246,087
-
(8,473)
-		 1,404
-		 (7,069)
-		 85,078
-
(8,473) 1,404 (7,069) 85,078
(8,473)
277,833		 1,404
-		 (7,069)
277,833		 85,078
192,755
269,360 1,404 270,764 277,833

Page 6

RCCG Majesty Connections Summary Income and Expenditure Account

for the year ended 31 March 2025

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net (expenditure)/income before tax
for the year
Net (expenditure )/income for the year		 2025
£
302,819
302,819
294,917
14,971
309,888
(7,069)
(7,069)		 2024
£
331,165
331,165
232,342
13,745
246,087
85,078
85,078

Page 7

RCCG Majesty Connections Balance Sheet

at 31 March 2025

Company No.
09409995
Notes
2025
£
Fixed assets
Tangible assets
13
7,145
7,145
Current assets
Debtors
14
10,912
Cash at bank and in hand
240,736
251,648
Creditors:Amount falling due within one year
15
11,971
Net current assets
263,619
Total assets less current liabilities
270,764
Net assets excluding pension asset or liability
270,764
Total net assets
270,764
The funds of the charity
Restricted funds
16
Restricted income funds
1,404
1,404
Unrestricted funds
16
General funds
269,360
269,360
Reserves
16
Total funds
270,764		 2024
£
14,781
14,781
13,286
245,787
259,073
3,979
263,052
277,833
277,833
277,833
-
-
277,833
277,833
277,833

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 March 2025 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 31 December 2025

And signed on its behalf by:

A. Oladele

Trustee

31 December 2025

Page 8

RCCG Majesty Connections Statement of Cash flows

for the year ended 31 March 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Decrease in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from/(used in) investing activities
Net cash from financing activities
Net (decrease)/increase 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		 2025
£
(7,069)
14,971
(20,424)
2,374
(7,992)
(18,140)
(7,335)
20,424
13,089
-
(5,051)
245,787
240,736
240,736
240,736		 2024
£
85,078
13,745
(292)
(10,557)
(5,805)
82,169
(2,042)
292
(1,750)
-
80,419
165,368
245,787
245,787
245,787

Page 9

RCCG Majesty Connections Notes to the Accounts

for the year ended 31 March 2025

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 10

RCCG Majesty Connections 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:

Church Equipment 25% Straight Line Motor Vehicle 25% Straight Line Furniture and Office 25% Straight Line Equipment

==> picture [205 x 63] intentionally omitted <==

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.

Page 11

RCCG Majesty Connections Notes to the Accounts

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.

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.

Page 12

RCCG Majesty Connections Notes to the Accounts

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.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Other
Total
Expenditure on:
Charitable activities
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
Voluntary Donations
Foodbank Donations
National Lottery Community
Funds		 Unrestricted
£
128,068
-
-
128,068		 Unrestricted
funds
2024
£
113,218
292
113,510
74,458
55,014
129,472
(15,962)
(15,962)
(15,962)
192,755
176,793
Restricted
£
-
48,596
105,731
154,327		 Restricted
funds
2024
£
217,655
-
217,655
21,615
95,000
116,615
101,040
101,040
101,040
-
101,040
Total
2025
£
128,068
48,596
105,731
282,395		 Total funds
2024
£
330,873
292
331,165
96,073
150,014
246,087
85,078
85,078
85,078
192,755
277,833
Total
2024
£
113,218
111,924
105,731
330,873

Page 13

RCCG Majesty Connections Notes to the Accounts

5 Other income

==> picture [494 x 88] intentionally omitted <==

----- Start of picture text -----
Unrestricted Total Total
2025 2024
£ £ £
Other Income 20,424 20,424 292
20,424 20,424 292
----- End of picture text -----

6
Expenditure on raising funds
Costs of generating voluntary
income
Foodbank Donations
National Lottery Community
Funds
7
Expenditure on charitable activities
Expenditure on charitable
activities
Advancement of Christian
Faith
Grants made
Governance costs
Governance		 Restricted
£
47,192
105,731
152,923
Unrestricted
£
65,747
5,576
6,441
77,764		 Total
2025
£
47,192
105,731
152,923
Total
2025
£
65,747
5,576
6,441
77,764		 Total
2024
£
21,615
95,000
116,615
Total
2024
£
63,182
6,736
4,540
74,458

Page 14

RCCG Majesty Connections Notes to the Accounts

8 Analysis of grants

Activity or programme
Advancement of Christian
Faith
Activity or programme
Advancement of Christian
Faith
9
Other expenditure
Other Ministry Expenses
Employee costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner		 Grants to
Institutions
£
5,576
5,576
Activities
undertaken
directly
£
5,576
5,576
Unrestricted
£
6,709
30,673
14,971
16,676
10,172
79,201
2025
£
14,971
1,000
360		 Total
2025
£
5,576
5,576
Total
2025
£
5,576
5,576
Total
2025
£
6,709
30,673
14,971
16,676
10,172
79,201		 Total
2024
£
6,736
6,736
Total
2024
£
6,736
6,736
Total
2024
£
2,934
30,914
13,745
2,268
5,153
55,014
2024
£
13,745
1,000
360

Page 15

RCCG Majesty Connections Notes to the Accounts

11 Trustee remuneration and expenses

One or more of the trustees has been paid remuneration in the current or prior periods.

Other
Trustee Remuneration Pension benefits
A. Oladele 32,500 - -
2025 2024
Number Number

The nature of the reimbursed expenses No trustee received remuneration for acting in their capacity as a trustee during the year.

One trustee, Ajibola Oladele, is employed by the charity as Operations Manager of Basildon Foodbank and received remuneration of £32,500 during the year in respect of this employed role.

The remuneration was paid in accordance with the charity’s governing document and was approved by the non-conflicted trustees. Ajibola Oladele did not participate in any discussions or decisions relating to her remuneration.

No pension contributions or other benefits were paid in addition to the remuneration disclosed above.

12 Staff costs

Staff costs
Salaries and wages
Pension costs		 2025
30,673
670
31,343		 2024
30,914
914
31,828

Staff costs for the year were as follows: Salaries and wages £137,337 (2024: £125,914) Pension costs £– (2024: £914)

Staff costs include remuneration paid to pastoral staff and employees engaged in the delivery and management of the charity’s church and community outreach activities, including Basildon Foodbank.

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

Foodbank
NEST		 2025
Number
3
3		 2024
Number
3
3

Page 16

RCCG Majesty Connections Notes to the Accounts

13 Tangible fixed assets

Land and
buildings
£
Cost or revaluation
At 1 April 2024
62,339
Additions
-
At 31 March 2025
62,339
Depreciation and
impairment
At 1 April 2024
54,134
Depreciation charge for the
year
6,234
At 31 March 2025
60,368
Net book values
At 31 March 2025
1,971
At 31 March 2024
8,205
14 Debtors
Other debtors
Prepayments and accrued income
15 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors		 Church
Equipment
£
34,133
7,335
41,468
29,819
7,907
37,726
3,742
4,314		 Motor
Vehicle
£
-
-
-
-
-
-
-
-
2025
£
10,000
912
10,912
2025
£
(14,896)
2,925
(11,971)		 Furniture
and Office
Equipment
£
14,075
-
14,075
11,813
830
12,643
1,432
2,262		 Total
£
110,547
7,335
117,882
95,766
14,971
110,737
7,145
14,781
2024
£
5,000
8,286
13,286
2024
£
(3,850)
(129)
(3,979)

Page 17

RCCG Majesty Connections Notes to the Accounts

16 Movement in funds

At 1 April
2024
Restricted funds:
Restricted income funds:
FoodBank
-
National Lottery Community
Fund
-
Total
-
Unrestricted funds:
General funds
277,833
Total funds
277,833
Purposes and restrictions in relation to the funds:
Restricted funds:
FoodBank
To fund foodbank cost
National Lottery Community
Fund
Salaries & Rent
17 Analysis of net assets between funds
Fixed assets
Net current assets
18 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Incoming
resources
(including
other
gains/losses
)
£
48,596
105,731
154,327
148,492
302,819		 Resources
expended
£
(47,192)
(105,731)
(152,923)
(156,965)
(309,888)		 At 31
March
2025
£
1,404
-
1,404
269,360
270,764
Unrestricted
funds
£
7,145
203,936
211,081
At 1 April
2024
£		 Restricted
funds
£
-
59,683
59,683
Cash flows
£		 Total
£
7,145
263,619
270,764
At 31
March
2025
£
245,787 (5,051) 240,736
245,787
245,787		 (5,051)
(5,051)		 240,736
240,736

Page 18

RCCG Majesty Connections Notes to the Accounts

19 Related party disclosures

Related party disclosures
2025 2024
Transactions with related parties £ £
Name of related party Victor Oladele
Description of relationship
between the parties		 Victor Oladele is married to Ajibola Oladele.
This is remuneration for the role as the
Pastor of RCCG Majesty Connections and the
Project Manager of Basildon Foodbank. In
accordance with the charity’s conflict of
Description of transaction interest policy, Ajibola Oladele did not
and general amounts participate in any discussions or decisions
involved relating to his employment or remuneration.
Amount involved 71,622 70,731
Controlling party

There were no loans, advances, or outstanding balances due to or from related parties at the year end

Page 19

RCCG Majesty Connections Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Voluntary Donations
Foodbank Donations
National Lottery Community Funds
Other
Other Income
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Foodbank Donations
National Lottery Community Funds
Total of expenditure on raising
funds
Charitable activities
Advancement of Christian Faith
Grants made
Governance costs
Governance
Total of expenditure on charitable
activities
Other expenditure
Other Ministry Expenses
Employee costs
Salaries/wages
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings		 Unrestricte
d funds
2025
£
128,068
-
-
128,068
20,424
20,424
148,492
-
-
-
-
65,747
5,576
71,323
6,441
6,441
77,764
6,709
6,709
30,673
30,673
6,234		 Restricted
funds
2025
£
-
48,596
105,731
154,327
-
-
154,327
47,192
105,731
152,923
152,923
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2025
£
128,068
48,596
105,731
282,395
20,424
20,424
302,819
47,192
105,731
152,923
152,923
65,747
5,576
71,323
6,441
6,441
77,764
6,709
6,709
30,673
30,673
6,234		 Total funds
2024
£
113,218
111,924
105,731
330,873
292
292
331,165
21,615
95,000
116,615
116,615
63,182
6,736
69,918
4,540
4,540
74,458
2,934
2,934
30,914
30,914
6,234

Page 20

RCCG Majesty Connections

Detailed Statement of Financial Activities

Depreciation of Church
Equipment
Depreciation of Motor Vehicle
Depreciation of Furniture and
Office Equipment
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Management charges
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 7,907
-
830
27
11,945
3
2,318
63
1,254
1,066
31,647
4,122
6,050
10,172
79,201
156,965
-
(8,473)
(8,473)
-
(8,473)
277,833
269,360		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
152,923
-
1,404
1,404
-
1,404
-
1,404		 7,907
-
830
27
11,945
3
2,318
63
1,254
1,066
31,647
4,122
6,050
10,172
79,201
309,888
-
(7,069)
(7,069)
-
(7,069)
277,833
270,764		 6,068
-
1,443
120
468
-
661
157
587
275
16,013
3,231
1,922
5,153
55,014
246,087
-
85,078
85,078
-
85,078
192,755
277,833

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