TAVAZIVA DANCE
REPORT AND FINANCIAL 8TATEMENT8
31st Mareh 2024
COMPANY REGISTRATION NUMBER: 8766833
CHARITY REOISTRATION NUMBER 1135967
Frank S Lachman
31 Faltvlew Way
Edgware
Middlesex
HA8 8JE
'ADIDA¢rt4J*
2011212024
COMPANIES HOUSE
A23
#166

TAVAZIVA DANCE
L•gal afid Admlnlstrative Infomiatlon
31st Maroh 2024
TRU8TEESIDIRECTOR8
At d•t• ol•pprnv•l ol*eeount•
Marie Ellen Nixon - otherwise
known as Marie McClu$kéy MBE Diréctor and Trustee
Dr Mykaell Ri18y
Director and Trustee
Amand8 Saund8rs
Director 8nd Trustee
Dr Sinibaldo Dè Rosa
Dirnelor and Trustge Appointed 6th Docembar 2023
Josophino Kyomuh•ndo
Dir•ctor arh4 Trusteo Appointed 6th Doc•mb•r 2023
ART18TIC DIRECTOR
Bawren Tavaziva
exEcuTIVE DIRECTOR
Mercy Nabiry0
REGISTERED OFFICE:
Ensign Hou8
Battotsèa R8ath
Junipor Driv•
London
SW18 1TA
EXAMINER
Frank S Lathman
31 Fairvigw Way
Edgware
Middlesgx
HA8 8JE
CHARITY REG18TRATION NUMBER.. 1135967
COMPANY REGISTRATION NUMBER: 5756833
Pago 1

TAVAZIVA DANCE
DIRECTORS. AND TRUSTEES. REPORT
The directorsltrustees present their report and the financial statements for the year ended 31st March 2024.
The Statutory infomation on page 1 forms part of this report.
DIRECTORS. RESPONSIBILITIES
Company Law which is also applicable to charitable companies in England and Wales requires the directors, who are
also trustees of the company, to prepare financial statements for each financial year which give a true and fair view of
the state of affairs of the COTripany and of the results of the company for that period.
In preparing those financial statements. the directorsltrustees are required to:
select suitable accounting policies and then apply them consistently.,
obseprfe the methods and principles in the Charities SORP
make judgements and accounts'ng estimates that are reasonable and prudent.,
state whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
companyNiII continue in business.
The directorsltrustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the company and to enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
PRINCIPAL ACTIVITY AND CHARITABLE OBJECTIVE
The company's principal activity during the year continued to be to advance the arts for the publlc benef5t by the
promotion in particular, but not exclusively, of the art of dance,
ORGAN18ATION AND CONSTITUTION
The company VRS registered as a charity on 17th May 2010 and is governed by its Memorandum and Articles of
Association. The company registered charity number is 1135967,
The company is limited by guarantee and has no share capital. The guarantees of individual members are limited to £1.
Company Registration number 5756833
The directors of the cx)mpany form its Committee of Management and Governing Body and are empowered to act as
ne￿SSary in order for the company to fulfil its objectives. Directors may be appointed by the members of the company
or fellow directors at any time.
The directorsltrustees set out below have held office during the whole year of this report unless
otherwise stated on page 1.
At date of approval of accounts
Marie Ellen Nixon - otherwise known as Marie Mccluskey MBE
Mykaell Riley
Amanda Saunders
Dr Sinibaldo De Rosa
Josephine Kyomuhendo
The company continues to be committed to producing high quality and engaging work, inspired by Artistic Director Bawren
Tavaziva's lived experience as a Black Brttlsh with colanial history, fusing contemporary, ballèt and Afrtcan Dance styles,
telling stories that highlight issues in the world today through movement, music and spoken word.
Page 2

TAVA7JVA DANCE
DIRECTORS. AND TRUSTEES. REPORT (contlnu•d
INTRODUCTION
Tavaziva Dance, now celebrating its 20th year. is guided by the vision of Artistic Director Bawren Tavaziva, to make Original
contemporary dance. music and choreography that inspires, excites and enriches people's experience of dance through live
perfommnce. The Companl8 work continues to in8pire a focus t0￿rdS developlng work for a Black British EducatEon curriculum in
the coming years.
Tavaziva Dance contlnues to contribute to the nurturlng of dance professionals at all stages of Iheir careers, as well as through its
Discover Tavaziva parbcipation activities, to share in the Zimbabwean cultural heritage which lies at the heart of all Tavaziva's work.
Artlstlc kntlvlty - Tourlng and Publlc Engag•m•nt
The Company engaged Arts Consultant. Sarah Trist this year to help us develop a more cohesive artistlc programme, focusing on
touring and the changing landscape that is reflecting varying appetite for Black-led and contemporary work. We continued to
develop partnerships within London and nationally, with an engagement programme of workshops, community engagement and
professional development, and presenting work dlgitally, alongside mini perfomance tours.
In autumn 2023 we toured 8oy'$ Kh8ya nationally for the second time, engaging with 14 theatres. with 18 perfonnances and a total
live theatre audience of 2125. Additionally, there were 816 participants in workshopsloutreach related to the themes of 80￿S
Khaya . This does not Include numbers for digital onllne engagement of the tour activity and promotion. Boy's Khaya was
choreographed by A￿.811¢ Dlrector. Bawren Tavaziva who also created the music and vocals for this production. The work was
supported wrth lundlng from the Foyle Foundatlon. Creative Scotland, Cockayne Grants for the Arts & London Community
Foundation.
Tavaziva places the utmost importance on the health, fitness and wellbeing of the dancers, and requires that they keep fit and
prepared for work during the tour contract period. In preparation for the tour, Erin Sanchez of One Dance UK delivered a Healthier
Dancer talk for the dancers, which focused on self-care, injury prevention and dancing at your best. This year Ihe five new dancers
who toured Bo￿8 Khaya (Jessica Chambers, Marta Swierczynska. Imogen Cooper, Alex Thirkle and Ivan Merino Gaspar) benefited
from the annual budget provision towards dancer8, wollbelng.
Throughout the year the Company continued to dellver a wlde range of Engagement Actlvlty led by both Bawren and other dance
professiona18 on behalf of the Company. The range of thls work included..
Open Prolessional classes and Intensives for Dancers lat bbodance Wandsworth)
Development of a Youth Dance Company (in partnership with bbodance>.' this has conlinued its second year wlth a small but
committed group of participants attending the monthly Saturday sessions
Various Workshops, including English National Ballet School. The Brit School Croydon and Woking school
Choreography for the students of the Centre of Advance Training (CAT) run by Swindon Dance in Exeter & Sviindon followed
by performances in the CAT end of year show
Planning the African Dance Day in collaboration with bbodance for August wlth potents'al to include peers Idrissa Camara and
Akosua Boakye BEM
Two Tavlntensive, week-long residencles tsrgat•d at dancers nthy to the Company- th•89 included 8ub81d18•d places for
participants enabled by the Garrick Trust.
Twice-monthly Company classes, introduced In January 2024 in partnershlp with bbodance, following the popularty of Ihe
open da8888 durlng 80I8 Khaya rehearsals
In addition, this year the Greed promo pack was prepared and the Greed trailers were filmed in April, and a Boys Khaya solo
excerpt was perfonned at the Royal Academy of Dance as part of a Wandsworth Arts Fringe (WAF) dance showcase in June.
A key connection and event included Bawren Tavaziva being invrted to sit for a phot¢yJraphlc portrait for the Museum of Coloufs
naw digiial exhibition °A Very British Rhythm. celebrating the contributions made by dancers and ¢horeoJraphers from the global
majority to British dance culture over the past 250 years. Photographer, Hope Sandati (also from Zimbabwe) has been approached
to shoot Bawren for our 20 anniversary launch in 2024.
Page 3

TAVA21VA DANCE
DIRECTORS. AND TRUSTEES. REPORT (continued)
During the year, our digital Content Creator, Maria Polodeanu, did signfficant work on raising the Companl s profile digitally.
She worked on promotional brochures for the productions. 80￿S Khay8 for this year and the Greed trailer. She has also
edited short clips from the filmed research trip from Zimbabwe for use in the messaging in the lead up to the anniversary. She
will continue to create new content, identify and track key audiences and monthly analytics for digital and social media, and
liaise with the relevant team members to provide statistics for reporting and promotional needs, and will continue to support
the Company in (x)njunction with TM Design, to unify Tavaziva's brand identity across all marketing platforms and mediums.
Future plans
A major focus re(xntly for the Company has been the continued development of strategic partnerships, both those current
relationships as well as new opportunities for the coming year.
A proposal was submitted to The National Gallery in December 2023 for a commissioned performance to mark the reopening
of The National Gallerys Education Centre in October 2024 which will bo delivered in February 2025.
Wandsworth Council have embedded Tavaziva as a lead dance organisalion within their Arts and Culture Strategy, as well as
in their bld for the London Borough ol Culture 2025, with plans to work collaboratively across the borough.
In Spring 2025 begin the remount of Greed, whlch originally premiered in 2013. We will y￿rk with a cast of five new young
dancers, for which auditions take place in December 2024. The work premieres at Theatre Peckham in March and will go on
to tour nationally, supported by funding from the Abderrahim Crickmay Charitable Settlement.
Bawren Tavaziva also begins a period of research & development for a new solo work, engaging with a number of artists and
choreographers including Jonzi D, Martin Hylton, Dakarayi Mashava. Vivian Maravanyika and Jimmiza Makurumbandi. With
the support of funding frorn the Cockayne Foundation, th18 solo wlll mark Bawren's retum to the stsge with a performance
reflecting on his arrival in the UK and his subsequent creative journey.
Buoyed by the su￿sS of the Company classes, a five4ay summer intensive has been scheduled in July 2024. This will be
advertised earlier than in the past, in the hope that some of the dancers currently attending Company class will book.
bbodance remains committed to our youth dance group collaboration and have already scheduled monthly sessions through
to June 2025, with discussions ongoing about participating in showcases elsewhere during the next year. Former Company
dancer, Dakarayi Mashava. has been assists'ng and is being mentored by Bawren during these sessions.
Busln•ss D•velopm•nt
The Company made good progress towards contlnulng to embed ts 'Theory of Change, business plan and establishing Its
annual programming cycle over Year 1 of the NPO 23-26 investment round. All our proposed activity was successfijlly
delivered.
The first phase of our Black History Through Dance Curriculum research was completed by Dr Funmi Adewole of De Montfort
Universty, and this will be progressed in our next Buslness pkn. Thls alms to investigate, with the team, how Tavaziva ￿￿Uld
build a sustainable multi-year programme which is relevant, and which will have a wider impact locally and nattonally with a
potential to deliver to a diverse clientele with key partners. Tavaziva is committed to adapting a business model claiming a
more deliberate role representing and championing Black British Culture.
Board and Management
This year a particular focus has been on developing the core team and the Board of Trustees. The core team function has
solidified under the management of Executive Director, Mercy Nabirye. A new Administrative Manager (Mary Kinsella) and the
Producer (Steven Gale) settled into the Company well. Viviana Rocha was appointed to the seasonal freelan￿ role of P
Company Touring Manager from 1 August 2023 to support the Producer with the logistics of the tour. Additional freelance
support was brought in where needed.
Page 4

TAVAZIVA DANCE
DIRECTOR8. AND TRUSTEES. REPORT (aontinued)
The Board has grown from three to five members with Sinibaldo De Rosa and José Hendo Joining Marie Mccluskey MBE.
Amanda Saunders and Dr Mykaell Riley. Two new Associate Members (Dzrfa Benson and Euton Daley,MBE) provide
additional support on the govemance level. In addrtion, Sam Mataure, an internationally acdaimed musician from Zimbabwe.
became a Patron of Tavaziva, joining the current Patron. Peter Kyle CBE.
The Board continues to provide guidance and oversight of the strategic development, finance and operations of the Company
as well as the regular monitoring of delivery of programmes and activities. A Development Working Group also meets
several times a year to advise and support the Executive Director on the Company strategy and on parts'cular areas such as
the ACE NPQ application and reporting.
The Company wlll actively be seeking at least one more new Trustee over the next period with particular skills in financial
management, marketing or HR.
Arts Council England Natlonal Portfolio Investm•nt
Tavaziva staff established an effective Investment Principles programme management and monitoring framework and made
great progress in embedding the principles in the programme and activity and reporting as required to ACE. These PrincIp￿S
which include Dynamism, Ambition & Quality, Environrnental Responsibilty as well as Diversity & IrKlusion are reviewed and
monitored by Trustees at each Board meetlng,
Flnanclal revi•w,
Incoming resources for the year were £227,792. Total resources expended in the year were £251.647. Details of the sources
of income and type of expendrture incurred during the year are given in the financial statements.
This year saw a very tight budget that required frugal management, but no major concerns and wth the accounts closing with
8 Company reseN8 of £25k intact.
We wero successful in our funding appllcation to Cockayne- The London Communty Foundatlon - £15,000 and to
Abderrahim Crlckmay Settlement Fund - £10.000. The Garrlck Charitable Trust who funded us to subsidise a few places on
the Tavlntensives, invited us to their Board members annual reception and some Board members showed interested in
Tavaziva's futu￿ work.
More work is underway lo submit applicats'ons to other funders in addition to plans for a strategy and campaign to use this
anniversary year to generate income e.g. through call for support, donat￿n3 and sponsorship and a 'Support us,. page was
designed for the website.
R•s•rv•s
There is no change to the existing reserves policy, to maintain a consistent level of ringfenced reseNes. equivalent to the
value of three months of shutdown costs. The Company is committed to increasing the current level of reserves from £25k
incrementally to £45k. The movement in reserves is shown in note 9 to the accounts.
Rlsks
Monitoring the movement and growth around Activity and financial viability remained a necessity throughout the year,
Activity:
Tavaziva continues to respond to a changing landscape and is implementing a shift to the 12-month cycle of activity. tying
together performance & touring with a digital and L&P offer. Overall, activity against investment is proportionally low. ED is
working closely with AD, the Board and an extemal fundraising consultant to shape the business plan and longer-term
fundraising strategy to support artistic and programme growth.
Page 5

TAVAZIVA DANCE
DIRECTOR8. AND TRUSTEES. REPORT (Gontlnued)
Financial Viability:
There is risk around financial stability, and the Company budget continues to be ts'ght. This links to risk around the ambition
of growth against current financial reSoUr￿s. Income streams and fundraising need diversffication to match ambrtion. The
Company continues to look into Trusts and Foundations and multi-year grants, which would bring some stability and scope.
The Board continues to support to monitor managing the risks and impact.
Examinor
A resolution proposing the re-appointment of Frank S Lachman as Independent Examiner will be submitted at the
Annual General Meeting.
Ass•ts
The movement in fixed assets is shown in Note 6 to the accounts.
Relatsd Partles
Except as otherwise disclosed in note 11 to the financial statements, there were no transactions with related parties
during the year.
Publ1¢ b•nofft
The Trustees confirm that in compiling this report they have had due regard to the guidance on public benefit issued
by the Charity Commission in compliance with the duty set out in section 4 of the Charities Act 2006.
8mall oompany •x•mptl•n
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to
companies subject to the small companies regime.
This report was approved by the board on
and signed on Its behalf by Marie Ell&n Nixon
Marie Ellen Nixon
Directrjr
Page 6

TAVAZIVA DANCE
Independ•nt Examinerfs Report on the A¢counts
4 report to the charity trustees on my examination of the accounts of the company for the year ended
31st March 2024 which are set out on pages 8 to 14 .
Responsibilities and basis of report
As the charitys trustees of the company (and al80 Its dlrectors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
{1he 2006 Arf).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examinats'on, I report in respect of my examinakn'on of your charity8
accounts as carried out under sedlon 145 of the Charltles Act 2011 (the '2011 Acf). In carying out my
examination I have followed the Directions given by the Charity Commission under section 145(51(b) of the 2011
Act.
Independent examinerfs report
Slnce the companls gross Income exceeded £250,000 your examlner must be a member of a body118ted in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of the Institute of Chartered Accountants in England & Wales, whlch is one of the listed tx)dies.
I have completed my examlnatlon. I confirm that no matters have come to.my attentlon In connectlon with the
examination giving me cause to believe:
(1) accounting recL)rds 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 accounting records; or
(3) the accounts do not compty with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts glve a 'true and falrf vlew whlch Is not a matter con81dered as part ol an
Independent examlnation., or
(4) the accounts have not been prepared in accordance with the methods and prlnciples 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).
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 accounts to be reached.
Frank S Lachman
Chartered Accountant
Independant Examiner
31 Fairviww Way
Edgware
Middlesex
HA8 8JE
Page 7

TAVAZIVA DANCE
Statement of Financial Activities
(in¢orpofating an In¢om8 and Expendltur• A¢¢ount)
Forthe Year Ended 31st March 2024
Restrictsd Unrestricted
Funds
Funds
Total
Funds
2024
Restricted Unrestricted
Funds
Funds
Total
Funds
2023
Notes
Incom•
Donations and legacies
Investment income
196,023 196,023
649
649
192,423 192,423
143
143
Charitable activities
31,120
31,120
14,887
14,887
Total Incomlng r•soure•s
227,792 227 792
207,453 207,463
Expendituro on:
Charltabl• Activlty Costs
251.647 261,647
189,109 189.109
T•tal resour¢¢s •xpended
251,647 261,647
189,109 189 109
N•t Inoom•l(Exp•ndltur•)
(23,855) 123,865)
18,344 18,344
Funds brought forward
82,718
82.718
64,374
64,374
Transfers
Funds carried IoTward
58,863
82,718
82,718
Page 8

TAVAZIVA DANCE
Balanc• Sh••t At 31st March 2024
Notes
2024
TOTAL
2023
TOTAL
Restri¢tsd Unrestrlcted
FIXED ASSETS
Tangible assets
1,851
1,851
2,468
CURRENT ASSETS
Debtots
Cash at bank and in hand
29,905
60,601
90,506
29,905
60,601
90.506
20,965
72,139
93,104
CREDITOR8- AMOUNTS FALLING DUE
WITHIN ONE YEAR
(33.494)
(33,494) {12.854)
NET CURRENT A88ET8
TOTAL AS8ET8 LESS CURRENT
LIA8ILITIE8
57.012
57,012
80.250
58,863
58,863
82,718
FUND8
Restricted Funds
Unrestricted Funds
58.863
58,863
82,718
For the year ended 31 March 2024 the company was entitled to exemption under section 477{2) of the Companies
Act 2006.
No rnember8 have required the company to obtain an audit of its accounts for the year in question in accordance
with section 476 of the Companies Act 2006.
The director8 acknowledge their responsibility for..
i. ensuring the company keeps accounting records which comply with section 386 of the Companies Act 2006; and
ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the
financial year and of its deficit for the financial year in a￿ordanCe with section 393, and which othenwise
comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
The acLounts have been prepared in accordance with th8 special provisions applicable to CA)mpanies subject to the
Small companies, regime under the Companies Act 2006.
Approved by the directors on
and signed on their behalf by Marie Ellen Nixon
'ma￿£11￿ nix/M
Marie Ellen Nixon
Page 9

TAVAZIVA DANCE
Notes to the Finan¢lal Statements
For th• Year Ended 31st Marah 2024
1 AG¢ounting Pollc•s
(a) 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 2022)-
(Charits'es SORP {FRS 102)), the Financial Reporting Standard applie£ble in the UK and Republic of Ireland (FRS 102)
and the Companies Act 2006.
Tavaziva Dance meets the definition of a public benefrt entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the
relevant accounting policy note(s).
Ib) Tangibl• Fixod A5s•ts
Depreciation is provlded at rates calculated to write off the cost of each asset over its
expected useful life, as follows:
Fixtures. fittings and equlpment
250/0 Straight line
(¢) Ineom•
Income is recognised when the charity has entitlement to the funds, any perfonnance conditions attached to the items of
income have been met, it is probable that the income will be received and the amount can be measured reliably. Income
from grants. whether capital or revenue grants, is recognised when the charity has entitlement to the funds, any
performancè conditions attached to the grants has been met, it is probable that the income will be received and the amount
can be measured rellably and is not deferred.
(d) Exp•ndltur•
All expenditure is accounted for on an accruals basls. Expenditure is recognfsed once there Is a legal or constructive
obligation lo make a payment to a third party. It is probable that settlement will be required and the amount of the obligation
can be measured reliably.
Costs are allocated to a category either because such costs are directly incurred in relation to such category. or becAuse
they are support costs in respect of which an apportionment has been made between the categories.
Support costs consist of infrastructure costs for salaries, premises, office administration. Such costs are apportioned on a
reasonable and consistent basis to the various categories with a view to determining, as accurately as possible, the total
resources expended for each category. The basis of apportionment used is either a function of staff time applied to a given
activity, or an estimate of the proportion of c()sts associated with the same, or a combination of both.
.Direct and Support costs are separately shown by natural classification in Note 5 to these accounts for each category of
cosL
(•) Taxation
The company as a registered charity ( number 1116776 } is exempt from taxation on most investment In￿Me insotar
as il is applied for charitable purposes. The company is also exempt from taxation on capital gains.
(f) Debtors
Trade and other debtors are refxgnised at the settlement amount due after any trade discount offered.
Prftpayments are valued at the arnount prepaid Det of any trade discounts due.
Page 10

TAVAZIVA DANCE
Notes to the Finan¢ial Statements
For the Year Ended 31st March 2024
ACCOUNTING POLICIES (continued)
(g) Creditors and provlslons
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 settiement amount after allowing for any
trade discounts due.
(h) Going concern
The company8 forecasts and projection8, takn'ng account of confinned ACE fvnding for 2023-24, reasonab
achievable fund-raising prospects for the corning year and allowanc£ for potential sensitivities in trading perfomiance,
show that the company should be able to a)ntinue to operate without recourse to borrowings.
The risk of a material unforeseen revenue shortfall giving rise to a solvency problem is mitigated by the regularity of
financial reportlng againsl d8talled inrx*me 8nd expenditure budgets for the year ahead which wlll allow the directors
adequate scope to take correctlve action, In consultats'on with the companys principal funder, should
circumstsnces require.
The directors have a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable fulure. Thus they continue to adopt the golng concern basls of accounting in
preparing the annual financial statements.
2 Grants and Donatlons
R•stri¢t•d Unr•strlot•d
Funds
Funds
R•strlot•d Unr•strict•d
Funds
Funds
2024
2023
Grants lor 8p•oM¢ Purpos•s
ACE - Core Funding
191,973
191,973
191,973
191,973
London Borough of Wandsworth
Cockayne Foundation
Garrick Trust
Abderrahim Trust
2,000
15,000
2,000
30,000
15,000
2,500
10,000
10,000
20,000
Deferred grants carried foThvard
Deferred grants brought forward
(25,000)
{26,0001
2,050
{2,050>
(2,0601
2,050
221023
221023
192,423
189 923
Income from Charitable activities is from performances. workshops, company class and Theatre Tax Relief. All incA)me
is unrestricted
3 Net Ineomel(Expend5tur•)
Incomel(expenditure) ts after charging:
2024
2023
Depreciation of tangible assets
Examinerfs fee
617
1,750
822
1,750
Page 11