REGISTERED COMPANY NUMBER: 04898761 (England and Wales) REGISTERED CHARITY NUMBER.- 1135022 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 FOR G N G COMMUNITY SERVICES LTD SFB Group Llmited Chartered Accountants Statutory Auditor Manor Court Chambers Townsend Drive Nuneaton Warwickshire CVII 6RU
G N G COMMUNITY SERVICES LTD CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 Mah 2024 Page Report of the Trustees I to 3 Report of the Independent Auditors Statement of Financial Artivities Balance Sheet Notes to the Financial Statements 9 to 14 Detailed Statement of Flnanclal Actlvltles Is
G N G COMMUNITY SERVICES LTD REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of Reeommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES Objertives and aims The charity's main objective is to act as a resource for children and young people living in the primary area of benefit by providing advice and assistance and organising the provision of childcare within the city of Wolverhampton, particularly the area of Blakenhall I'the primary area of benefit'l. In setting the objective5 and activities of the charity, the Trustees have exercised due regard to the public benefit guidance published by the Charities Commission. Main activltles To provide childcare for children aged O-5 years. The charity operates within Blakenhall, Wolverhampton and works with the local council and community in Order tts offer a range of funded and private nursery places. ACHIEVEMENT AND PERFORMANCE Blakenhall neighbourhood nursery have continued to work with the local council and community and are pleased that they have en able to tontinue to offer funded places under the 2 year pilot scheme for children aged 2 years who are from a deprived background. During the year they have tsken on new children from other local nurseries that have closed down. They have also held many stsy, play and learn sessions to help both new children and parents integrate into the nurserv. The Khalsa school continues to offer weekend classes to children in the local community which are funded and operated by the Gurdwara temple. G N G Community Services Limited continues to support the Khalsa School by offering the School use of its premises and facilities. With Senior Stsff Changes and restructure of the Managernent Team. the Nursery has reevaluated and assessed key performance indicators throughout. Ensure compliance and conformity to relevant legislative indicators. FINANCIAL REVIEW Reserves pollcy The charity's free reserves, excluding fixed assets atthe 2024 year end were £276,58112023- £303,291). It is the policy of the charity that unrestricted funds that have not been designated for a specific use should be built up and maintained at a level equivalent to one years expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity's current activities whilst consideration is given to ways in which additional funds may be raised. Due to the inflationary rise in costs the Charity has Unrestricted funds equivalent to 9 months of expenditure. To cover this shortfall the Charity plan to seek external funding. The trustees are still building up this reserve of fund5 whith will be kept in a separate reserve account. nanual review The trustee5 are able to report a deficit of £29,83812023'. surplus £17,5671 for the year and the state of the affairs of the charlty at the balance sheet date are considered to be 58tisfa¢tory. STRucfuRE. GOVERNANCE AND MANAGEMENT GoverninB document The charity is 8 prwate company limited by guarantee without share capital and is governed by its memorandum and articles of associatlon. None of the trustees have a beneficial interest in the company. The Ilability of the mernbers is limited to £1 and all of the member5 have agreed to contribute thi5 in the event of the companv being wound up. Recrultment and appolntment of new trustee5 Any applications received in respect of PC*tential new trustees are revSewed by the exlstlng trustees and approved by the main board. Related parties The Trustees of G N G Communfty Services Mited are all member5 of The Gurdwara. Page 1
G N G COMMUNITY SERVICES LTD REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04898761 (England and Wales) Reglstered Charity number 1135022 Registered offi GNG Building Baggott Street Blakenhall Wolverhampton West Midlands WV2 3AP Trustees G Singh Dhaliwal Trustee D Singh Mann Trustee H Singh Sandhu Trustee S Singh Sandhu Trustee appointed 10 April 2024 Dirertors G Sin8h Dhaliwal D Singh Mann H Singh Sandhu K Singh Kalon Company Secretary G Singh Audltors SFB Group Limited Chartered Accountants Statutory Auditor Manor Court Chambers Townsend Drive Nuneaton Warwickshire CVII 6RU ATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees Iwho are also the directors of G N G Community Services Ltd for the purp05e5 of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdorn Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a twe and fair view of the state of affairs of the charitable Company and of the incoming resource5 and application of reSoUrs, includin8 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitsble accounting polScles and then apply them con51Stently,' observe the methods and principles in the Charity SORP- make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in bu5ines5. The trustees are responsible for keeping proper accounting record5 which disclose with reasonable accura¢y at any time the financial position of the charitable company and to enable them to en5UTe that the financial ststements comply with the Companies Act 2006. They are 8150 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. Page 2
G N G COMMUNITY SERVICES LTD REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 ATEMENT OF TRUSTEES, RESPONSIBILITIES- continued In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor5 are aware of that information. AUDITOR5 The Auditors, SFB Group Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared In accordance with the spetial provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 20 December 2024 and signed on its behalf by.. Gsin rustee Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF G N G COMMUNITY SERVICES LTD Opinion We have audited the financial statements of G N G Community Services Ltd (the 'charitsble company'l for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the 8alan¢e Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republ1¢ of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affair5 as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. and have been prepared in accordance with the requirements of the Companies Art 21KJ6. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial Statements section of our report. We are independent of the charitsble company in accordance with the ethical requirement5 that are relevant to our audit of the financial ststements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our opinion. Con¢lusions relating to going concern In auditing the financial ststements, we have concluded that the trustees, use of the going ¢on¢ern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our respon5ibilitie5 and the respon5ibilitie5 of the trustees with respect to going concern are deseribed in the relevant sections of this report. Other Informatlon The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements doe5 not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connertion with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtsined in the audit or otherwise appears to be materially misstated. If we identify Such material incon51Stencies or apparent material misstatements. we are required to determine whether this gives rise to a material mi55tatement in the financial statements themselve5. If, based on the work we have performed, we conclude that there is a material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters presuibed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustee5 for the financial year for which the financbal statements are prepared is con515tent with the finantial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF G N G COMMUNITY SERVICES LTD Matters on which we are required to report by exception In the Ilght of the knowledge and understanding of the charitable company and Its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing further to report rn respect of the following matters where the Companies Act 2006 requires us to report to you in our opinion.. adequate accounting records have not been kept, or returns ailequate for our audit have not been received from branehes not visited by us; or the financial ststement5 are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the Small companies regime and take advantage of the small companies exemption from the requirement to prepare a Strate8ic Report or in preparing the Report of the Trustees. Responsibilities of trustees A% explained more fully in the Statement of Trustee5' Responsibilities, the trustees (who are also the dirertors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a 80in8 concern, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unle55 the trustees elther intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibillties for the audit of the financial statements Our objectives are to obtain reasonable 355urance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable assurance is a high level of assuranee, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements ¢an arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. -Enquiry of management around actual and potential litigation and claims; -Enquiry of management to identify any instsnces of non-compliance with laws and regulation5,' -we agreed the financial statements disclosures to underlying supporting documentation; -we gained an understanding of the design and implementation of the processes and contro15 in place within the group which are designed to prevent, detect or correct fraud or error within the financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irre8ularitie5, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Thi5 risk increa5e5 the more that compliance with ¥ law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-complrance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fvaud involves intentional concealment, forgery, collusion, omission or misrepresentstion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uVauditorsresponslbillties. Thls description forms part of our Report of the Independent Auditor5. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF G N G COMMUNITY SERVICES LTD Use of our report Thi5 report is made solely to the charitable company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume re5pon5ibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Paul Carvell BFP FCA (Senior Statutory Auditor) for and on behalf of SFB Group Limited Chartered Accountants statutory Auditor Manor Court Charnbers Townsend Drive Nuneaton Warwickshire CVII 6RU 20 December 2024 Page 6
G N G COMMUNITY SERVICES LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMEKfs FROM Charitable activltles Nursery Government grant 352,723 743 398,681 930 Investment income 5,294 641 Total 358,760 400,252 EXPENDITURE ON Charitable activities Nursery 388,598 382.685 NET INCOMEI{EXPENDITUREI 129,8381 17,567 RECONCILIATION OF FUNDS Totsl funds brought forward 318,927 301,360 TOTAL FUNDS CARRIED FORWARD 289,089 318,927 The notes fomi part of these financial statements Page 7
G N G COMMUNITY SERVICES LTD (REGISTERED NUMBER: 04898761) BALANCE SHEET 31 March 2024 2024 UnreslriGted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 12,508 15,636 CURRENT ASSETS Debtors Cash at bank and in hand 29,772 267,655 21,956 306,423 297,427 328,379 CREDITORS Amounts falling due wlthin one year 117.8721 121,3711 NET CURRENT ASSETS 279,555 307,008 TOTAL ASSETS LE55 CURRENT LIA81LITIES 292,063 322,644 ACCRUALS AND DEFERRED INCOME io 12,9741 13,7171 NET ASSETS 289,089 318.927 FUNDS Unrestricted funds li 289,089 318,927 TOTAL FUNDS 289.089 318.927 These financial statements have been prepared in accordance with the provisions applicable to charitsble ¢ompanie5 subject to the Small companies regime. The financial statements were approved by the Board of Trustee5 and authori5ed for issue on 20 December 2024 and were signe¢J on its behalf by.. Gsi The notes fom part of these financial Statements Page 8
G N G COMMUNITY SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS ft>r the Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial statement5 of the charitable company, which 15 a public benefit entity under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 '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 IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial ststements have been prepared under the historical cost convention. Financial reporting standard 102 - reduced disclosure eKemptlons The Charitable company has taken advantage of the following disclosure exemption In preparing these financial statements. as permitted by FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Settion 7 Ststement of Cash Flows. Critical a¢¢ounting judgements and key sour¢es of estimation uncertainty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni5ed in the period in which the estimate 15 revised if the revision affects only that period or in the period of the revision and future perlods if the revision affects both current and future periods. Critical judgements in applying the Charity's accounting poli¢les: The following are critical judgements, apart from those involving estimations (which are dealt wlth separately belowl, that the trustees have made in the process of applying the charity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Going concern The charty's ability to continue as a going coft¢ern is assessed based on the expected future ability to receive income and donations from charitsble activities over a period of not less than 12 months from the date of approval of these financial statements. judgement is required in reviewing forecast income levels and cash flows. Key sources of estimation uncertaknty: There are no key 50urce5 of estimation uncertainty as at March 2024. Income All incorne is retognised in the Statement of Financial Activities once the Charity has entitlement to the fund5, it 15 probable that the income will be received and the amount can be measured reliablv. Expenditure Llabilities are re¢ognised as expenditure as soon a5 there 15 a legal or constructive obll8ation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fimed assets Depreciation is provided at the following annual rates in orderto write off each asset over it5 estimated useful life. Fixtures and fittir5gs 20% on reducing balance Taxation The charity 15 exempt from corporatlon tax on its charitable artlvlties. Fund accounting Unrestricted funds can be used In accordance with the charitable objettives at the discretion of the twstees. Page 9 continued...
G N G COMMUNITY SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Fund accounting Restricted funds can only be used for particular restricted purposes withln the oblects of the chartty. Restrlctions arise when specified by the donor or when funds are raised for particular restrlcted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Penslon costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Artivities in the period to which they relate. Grants receivable Income from grants Is Included in the accounts in the period to which the charity is entitled to the grant. Any grants received for future periods are carried forward in creditors as deferred funding. Grant fLtnding received for capf(al expenditure is released over the useful life of the asset. Debtors and credltors recelvable or payable wlthln one year Debtors and creditors with no stated interest rate and reeeivable or payable within one year are recorded at transartion price. Any losse5 arising from impairment are Tecognised in expenditure. Leases Rentals payable and receivable under operating lease5 are charged to the profit and 1055 account on a Straight line ba515 over the period of the lease. INVESTMENT INCOME 2024 2023 Deposit account interest 5,294 641 NET INCOMEIIEXPENDITUREI Net income/lexpenditurel is stated after ¢hargingllcreditingl'. 2024 2023 Auditors, remuneration Other non-audit services Depreciation- owned assets Operating leases- rent 3,508 7,319 3,128 13,920 3,310 7,678 3.905 13,920 TRUSTEES. REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, empenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 10 continued...
G N G COMMUNITY SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024 srAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 270,036 8,455 3,548 263,641 9,033 3,239 282,039 27S,913 The average monthly number of employees during the year was as follows.. 2024 2023 Management and administration Charitable activities 17 20 19 22 No employee5 received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Fixtu$ and fittings COST At l April 2023 and 31 March 2024 132,564 DEPRECIATION At l April 2023 Charge for year 116.928 3,128 At 31 March 2024 120.056 NET BOOKVALUE At 31 March 2024 12,508 At 31 March 2023 15,636 The net book value of tangible fixed assets includes £2,97412023 £3.7171 in respect of a55ets acquired through grant fundlng. DEBTORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 Trade debtOTS Bad debt provision Other debtor5 Prepayments 24,204 18751 5.000 1,443 15,697 18751 5,000 2,134 29,772 21,956 Page11 continued...
G N G COMMUNITY SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS- continued forthe Year Ended 31 Mar¢h 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Accrued expenses 4,525 3,947 9,400 11,692 788 8.891 17,872 21,371 LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Between one and five years 13,920 51,040 13.920 64,960 64,960 78.880 io. ACCRUALS AND DEFERRED INCOME 2024 2023 Deferred government grants 2,974 3,717 ii. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 318,927 129,8381 289.089 TOTAL FUNDS 318,927 129,8381 289,089 Net movement in funds. included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestrlrted funds General fund 358.760 1388,5981 129.8381 TOTAL FUNDS 358,760 1388.S981 129,8381 Page 12 continued...
G N G COMMUNITY SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued for the Year Ended 31 March 2024 ii. MOVEMENT IN FUNDS- continued Comparatives for movement in fvnds Nel movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 301,360 17,567 318,927 TOTAL FUNDS 301,360 17,567 318,927 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 400,252 1382,6851 17,567 TOTAL FUNDS 400,252 1382,6851 17,567 A current year 12 months and prior year 12 months combined position is as follows.. Nel movement in funds At 31.3.24 At 1.4.22 Unrestrlrted funds General fund 301,360 112,2711 289,089 TOTAL FUNDS 301,360 112,2711 289,089 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resour¢es Resources expended Movement in funds Uniestrirted funds General fund 759.012 1771,2831 112,2711 TOTAL FUNDS 759,012 1771,2831 112,2711 Page 13 continued...
G N G COMMUNITY SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024 12. RELATED PARTY DISCLOSURES The Guru Nanak Sikh Gurdwara own5 the building from which G N G Community Services Limited operates. During the year nt was charged amounting to £13,92012023 £13,920). Durlng the year purchases were made to a Company related by eomrnon director of £18,89812023 £15,0161. Some ofthe trustees of G N G Community Services Limited are also members of The Gurdwara. Page 14
G N G COMMUNITY SERVICES LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Investment income Deposit account interest 5,294 641 Charitable activities Nursery income Government grant 352,723 743 398,681 930 353,466 399,611 Total incoming resources 358,760 400,252 EXPENDITURE Charltable artivitles Wages Social security Pensions Food and drink Insurance ght and heat Telephone Postage and stationery Sundries Toys and equipment Repairs and renewals Cleaning Rent ency staff costs Consultancy fee5 Depreciation of fixtures and fittings 270,036 8,455 3,548 9,539 3.558 18,190 2,223 357 2,342 2,235 9,219 5,514 13,920 370 19.378 3,128 263,641 9,033 3,239 11.029 2.851 18.458 1,713 1,047 4.266 726 4,790 11,937 13,920 529 15,016 3,905 372.012 366,100 Support costs Flnance Bank charge5 579 619 Governance costs Auditors, remuneration Auditors, remuneration for non audlt work Legal and professional fees 3.508 7.319 5,180 3.310 7.678 4,978 16,007 15,966 Totsl resources expended 388,598 382,685 Net {expendrturel/income 129.8381 17.567 This page does not fomi part of the statutory financial statements Page 15