REGISTERED COMPANY NUMBER: 07311986 (England and Wales) REGISTERED CHARITY NUMBER: 1142375
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st March 2025 for
Gorleston Pavilion Trust Ltd
TC EA Limited 8 Hopper Way Diss Norfolk IP22 4GT
Gorleston Pavilion Trust Ltd
Contents of the Financial Statements For The Year Ended 31st March 2025
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Gorleston Pavilion Trust Ltd
Chairman's Report For The Year Ended 31st March 2025
I'm pleased to introduce this year's annual report for Gorleston Pavilion Trust, which builds on a successful period of transition in the previous year.
Where 2023/24 was defined as a period of change, intervention, and getting to grips with some challenges throughout the organisation, this year has been one of building on a solid foundation set down by the CEO and Trust, readying us for growth and the new challenges that lay ahead.
As Chair, I believe transparency is essential. The journey from takeover to long-term sustainability has required significant investment, patience, and resolve from all levels within the Pavilion. This year has marked a difficult one, but one which marks a clear turning point, and positions the Trust for a more stable and successful 2026.
Protecting the building and securing the Trust's future
A significant proportion of expenditure during the year was directed towards security, safety, and stability. These costs were neither discretionary nor unexpected, but the unavoidable consequence of assuming responsibility for a historic building that required urgent attention following years of under-investment.
Two areas accounted for the majority of this expenditure:
- Legal and professional fees
Incurred primarily to support the successful transfer and takeover of the Pavilion from its previous owners, this was essential to ensure the process was fair, robust and properly governed, and aimed to protect the Trust's long-term interests
-Emergency works to the roof
Following a previous attempted theft of the historic copper roof, in which the building was left damaged, vulnerable to water ingress, and potentially unsafe during adverse weather conditions. The Trust therefore took the prudent decision to install a temporary bitumen-felt roof to stabilise the structure while longer-term solutions are explored.
In addition, there were other large expenses to catch up on historically delayed maintenance to neglected elements within the building, including fire equipment, electrical circuitry and internal walls. While significant, it made sense to use some of our available capital to demonstrate our commitment to the building, and do our best to start work on refurbishing and bringing the building back to life.
-
Strengthen our Board with new Trustees, to give us further experience and connections to call on
-
Work with the Architectural Heritage Fund on our funding capability and readiness
As we move forward into 2025/26, our continued confidence in our direction and our resolve to deliver on our objectives to make safe the future of our beautiful building, as well as generating employment opportunities within the creative arts, will continue to underpin our goals.
On a personal note, I'd like to once again thank all of our volunteers and supporters, front-of-house staff and backstage crew, actors and tutors, and every since person that helps us to make the Pavilion the welcoming, friendly, and successful place that it is. Every time I step through the doors - whether I'm meeting colleagues, or seeing a show - I'm always taken aback by the dedication, commitment and bond displayed by everyone that works at the Pav. You are an incredible force, a potent and powerful beacon on the Eastern shore of our country, and you should all be very proud of the impact you have on everyone that visits.
And to everyone that buys a ticket, enjoys a show, donates their time or money, thank you so much for every contribution. We couldn't do this without you, and your support means the world to us.
Tom Haczewski
Chair of the Board of Trustees
Page 1
Gorleston Pavilion Trust Ltd
Report of the Trustees For The Year Ended 31st March 2025
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 31st March 2025. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES Public benefit
The Trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit when planning and reviewing the Charity's aims and objectives and in future planning.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The trust deed states that the charity must have a minimum of three trustees. Every future trustee is appointed after a major vote by resolution of the trustees passed at a special meeting.
Induction and training of new trustees
When appointing new trustees the charity shall take into account the benefits of appointing a person who through residence, occupation, employment or otherwise has a special knowledge of the area of benefit or who is otherwise able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objects or the management of the company.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07311986 (England and Wales)
Registered Charity number
1142375
Registered office Pavilion Theatre Pier Gardens Gorleston Great Yarmouth Norfolk NR31 6PP
Trustees
T G Haczewski Chair Ms S S M Hill-Chicot D T Sturman
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.
Chief Executive
A Youngs Appointed 01.03.2024
Independent Examiner
TC EA Limited 8 Hopper Way Diss Norfolk IP22 4GT
Page 2
Gorleston Pavilion Trust Ltd
Report of the Trustees For The Year Ended 31st March 2025
30 January 2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...........................................................................................................
T G Haczewski - Trustee
Page 3
Independent Examiner's Report to the Trustees of Gorleston Pavilion Trust Ltd
Independent examiner's report to the trustees of Gorleston Pavilion Trust Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st 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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 examination, I report in respect of my examination of your charity's accounts 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 - matters of concern identified
I have completed my examination.
During my examination I have considered the adequacy of the disclosure in note 1 to the financial statements concerning the charitable company's ability to continue as a going concern. The charity relies heavily on non-restricted funding from its own trading subsidiary which reported losses of £95,436 and negative reserves of £101,393 at 31 March 2025.
The results for the year ended 31 March 2025 indicate a need for the charity to increase its reserves in order to continue, the Trustees and CEO are actively seeking new sources of funding to increase the reserves.
I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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; and
-
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)).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Simonetta Castellano FCA
TC EA Limited 8 Hopper Way Diss Norfolk IP22 4GT
Date: .............................................
Page 4
Gorleston Pavilion Trust Ltd
Statement of Financial Activities For The Year Ended 31st March 2025
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 62,319 - Charitable activities Pavilion - 16,558 Other trading activities 2 4,789 - Other income 52,173 - Total 119,281 16,558 EXPENDITURE ON Raising funds 3 28,048 16,058 Charitable activities Pavilion 137,498 12,500 Total 165,546 28,558 NET INCOME/(EXPENDITURE) (46,265) (12,000) RECONCILIATION OF FUNDS Total funds brought forward 8,671 12,500 TOTAL FUNDS CARRIED FORWARD (37,594) 500 |
2025 2024 Total Total funds funds £ £ 62,319 39,520 16,558 15,500 4,789 11,857 52,173 2,147 135,839 69,024 44,106 29,851 149,998 41,898 194,104 71,749 (58,265) (2,725) 21,171 23,896 (37,094) 21,171 |
|---|---|
The notes form part of these financial statements
Page 5
Gorleston Pavilion Trust Ltd
Balance Sheet 31st March 2025
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 7 3,611 - Investments 8 1 - 3,612 - CURRENT ASSETS Debtors 9 108,031 - Cash at bank 107 500 108,138 500 CREDITORS Amounts falling due within one year 10 (83,233) - NET CURRENT ASSETS 24,905 500 TOTAL ASSETS LESS CURRENT LIABILITIES 28,517 500 CREDITORS Amounts falling due after more than one year 11 (66,111) - NET ASSETS (37,594) 500 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 3,611 1 3,612 108,031 607 108,638 (83,233) 25,405 29,017 (66,111) (37,094) (37,594) 500 (37,094) |
2024 Total funds £ 4,514 1 4,515 9,596 14,806 24,402 (7,746) 16,656 21,171 - 21,171 8,671 12,500 21,171 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.
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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
30 January 2026
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. T G Haczewski - Trustee
The notes form part of these financial statements
Page 6
Gorleston Pavilion Trust Ltd
Notes to the Financial Statements For The Year Ended 31st March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Going Concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements and are actively seeking new sources of funding and believe they are sufficient for the Charitable company to continue as a going concern.
Preparation of consolidated financial statements
The financial statements contain information about Gorleston Pavilion Trust Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation 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 obligation 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 fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant and machinery | - 20% on reducing balance |
|---|---|
| Fixtures and fittings | - 20% on reducing balance |
| Computer equipment | - 20% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension 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 Activities in the period to which they relate.
continued...
Page 7
Gorleston Pavilion Trust Ltd
Notes to the Financial Statements - continued For The Year Ended 31st March 2025
2. OTHER TRADING ACTIVITIES
3.
4.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fundraising events | 4,789 | 6,857 |
| Sponsorships | - | 5,000 |
| 4,789 | 11,857 | |
| RAISING FUNDS | ||
| Investment management costs | ||
| 2025 | 2024 | |
| £ | £ | |
| Rent collection | 150 | - |
| Property repairs | 31,745 | 12,653 |
| 31,895 | 12,653 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2025 | 2024 | |
| £ | £ | |
| Depreciation - owned assets | 903 | 750 |
| Hire of plant and machinery | 2,443 | 350 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
Chief Executive Staff The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: £60,001 - £70,000 |
2025 1 1 2 2025 1 |
2024 1 1 |
|---|---|---|
| 2 | ||
| 2024 - |
continued...
Page 8
Gorleston Pavilion Trust Ltd
Notes to the Financial Statements - continued For The Year Ended 31st March 2025
7. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Plant and | and | Computer | |||
| machinery | fittings | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1st April 2024 and 31st March 2025 | 1,289 | 2,016 | 1,959 | **5,264 ** | |
| DEPRECIATION | |||||
| At 1st April 2024 | 215 | 316 | 219 | 750 | |
| Charge for year | 215 | 340 | 348 | 903 | |
| At 31st March 2025 | 430 | 656 | **567 ** | 1,653 | |
| NET BOOK VALUE | |||||
| At 31st March 2025 | 859 | 1,360 | 1,392 | 3,611 | |
| At 31st March 2024 | 1,074 | 1,700 | 1,740 | 4,514 |
8.
FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1st April 2024 and 31st March 2025 | 1 |
| NET BOOK VALUE | |
| At 31st March 2025 | 1 |
| At 31st March 2024 | 1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Gorleston Pavilion Theatre Ltd
| Registered office: Registered within the United Kingdom Nature of business: Entertainment % Class of share: holding Ordinary 100 Aggregate capital and reserves Loss for the year/period |
31/3/25 £ (101,393) (95,436) |
31/3/24 £ (5,957) (5,958) |
|---|---|---|
continued...
Page 9
Gorleston Pavilion Trust Ltd
Notes to the Financial Statements - continued For The Year Ended 31st March 2025
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade debtors | 26,815 | 4,285 | |||
| Amounts owed by group undertakings | 81,216 | 5,311 | |||
| **108,031 ** | 9,596 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans and overdrafts (see note 12) | 46,667 | - | |||
| Trade creditors | 18,192 | 1,271 | |||
| Social security and other taxes | 14,632 | 3,111 | |||
| Other creditors | 382 | 364 | |||
| Accrued expenses | 3,360 | 3,000 | |||
| 83,233 | 7,746 | ||||
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans (see note 12) | 66,111 | - | |||
| 12. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank loans | 46,667 | - | |||
| Amounts falling between one and two years: | |||||
| Bank loans - 1-2 years | 66,111 | - | |||
| 13. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/4/24 | in funds | 31/3/25 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 8,671 | (46,265) | (37,594) | ||
| Restricted funds | |||||
| Reach Fund | 12,500 | (12,500) | - | ||
| Cultural Connections Volunteering Grant | - | 500 | 500 | ||
| 12,500 | (12,000) | 500 | |||
| TOTAL FUNDS | 21,171 | (58,265) | (37,094) |
continued...
Page 10
Gorleston Pavilion Trust Ltd
Notes to the Financial Statements - continued For The Year Ended 31st March 2025
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 119,281 | (165,546) | (46,265) |
| Restricted funds | |||
| Reach Fund | - | (12,500) | (12,500) |
| Summer bandstand fund | |||
| 5,000 | (5,000) | - | |
| Green Spaces Grant | 11,058 | (11,058) | - |
| Cultural Connections Volunteering Grant | 500 | - | 500 |
| 16,558 | (28,558) | (12,000) | |
| TOTAL FUNDS | 135,839 | (194,104) | **(58,265) ** |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/4/23 | in funds | 31/3/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 23,896 | (15,225) | 8,671 |
| Restricted funds | |||
| Reach Fund | - | 12,500 | 12,500 |
| TOTAL FUNDS | 23,896 | (2,725) | 21,171 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 53,524 | (68,749) | (15,225) |
| Restricted funds | |||
| Pride day funding | 500 | (500) | - |
| Surviving Winter fund | 2,500 | (2,500) | - |
| Reach Fund | 12,500 | - | 12,500 |
| 15,500 | (3,000) | 12,500 | |
| TOTAL FUNDS | 69,024 | (71,749) | (2,725) |
Reach Fund
The fund was established following a grant from SIB.
Green Spaces Fund
continued...
Page 11
Gorleston Pavilion Trust Ltd
Notes to the Financial Statements - continued For The Year Ended 31st March 2025
13. MOVEMENT IN FUNDS - continued
The fund was established with a grant from Great Yarmouth Borough Council for Green Spaces and was utilised maintaining Gorleston Pavilion Bandstand.
Summer Bandstand Fund
The fund was established following the receipt of a grant and was utilised in the year.
Cultural Connections Volunteering Fund
The fund was established with a grant from Great Yarmouth Borough Council.
14. RELATED PARTY DISCLOSURES
During the year a management charge and other re-charges of £52,173 (2024 £2,147) was charged to Gorleston Pavilion Theatre Ltd, a wholly owned subsidiary of the company.
During the year donations totalling £11,859 were received from Gorleston Pavilion Theatre Ltd, these are included in donations on the SOFA.
At 31 March 2025 £26,815 was included in Trade debtors as being due from Gorleston Pavilion Theatre Ltd.
For the year ended 31 March 2025 the trading company reported a loss of £95,436 and the aggregate capital and reserves at 31 March 2025 were (£101,393).
Page 12
Gorleston Pavilion Trust Ltd
Detailed Statement of Financial Activities For The Year Ended 31st March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 52,814 | 39,520 |
| Stage school | 9,505 | - |
| 62,319 | 39,520 | |
| Other trading activities | ||
| Fundraising events | 4,789 | 6,857 |
| Sponsorships | - | 5,000 |
| 4,789 | 11,857 | |
| Charitable activities | ||
| Grants | 16,558 | 15,500 |
| Other income | ||
| Management charge to subsidiary | 52,173 | 2,147 |
| Total incoming resources | 135,839 | 69,024 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Advertising | - | 796 |
| Equipment | - | 304 |
| Performance costs | - | 9,834 |
| Security costs | - | 1,133 |
| Decorations | - | 499 |
| - | 12,566 | |
| Other trading activities | ||
| Purchases | 9,768 | 4,282 |
| Hire of plant and machinery | 2,443 | 350 |
| 12,211 | 4,632 | |
| Investment management costs | ||
| Rent collection | 150 | - |
| Property repairs | 31,745 | 12,653 |
| 31,895 | 12,653 | |
| Charitable activities | ||
| Wages | 86,549 | 21,420 |
| Social security | 9,433 | 1,684 |
| Pensions | 2,080 | 444 |
| Insurance | 12,220 | 1,453 |
| Repairs and renewals | - | 594 |
| Legal fees | 17,397 | 3,196 |
| Carried forward | 127,679 | 28,791 |
This page does not form part of the statutory financial statements
Page 13
Gorleston Pavilion Trust Ltd
Detailed Statement of Financial Activities For The Year Ended 31st March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 127,679 | 28,791 |
| Accountancy | 4,860 | 2,992 |
| Advertising | 120 | 419 |
| Subscriptions | 1,839 | 3,566 |
| Sundries | 682 | 542 |
| Staff expenses | 6,970 | 1,244 |
| Travel | 76 | 518 |
| Office admin | 44 | 89 |
| Other professional fees | 485 | 2,370 |
| Workshop costs | - | 419 |
| Plant and machinery | 215 | 215 |
| Fixtures and fittings | 340 | 316 |
| Computer equipment | 348 | 219 |
| 143,658 | 41,700 | |
| Support costs | ||
| Finance | ||
| Bank charges | 753 | 198 |
| Bank interest | 2,100 | - |
| Interest payable | **3,487 ** | - |
| 6,340 | 198 | |
| Total resources expended | 194,104 | 71,749 |
| Net expenditure | **(58,265) ** | (2,725) |
This page does not form part of the statutory financial statements
Page 14