Company rÈgistration nuMr.- 07954383 Charity registration nurnber.. 1148327 MARLOW ROWING CLUB TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Marlow Rowing Club Contents Page Trustees. Report 1-4 Independent Examinerfs Report Statement of Finantial Attivities {induding Int¢ and Expenditure Actountl Comparative Statement of Finantial Activities {•r[Uding Income and Expenditure Account) Balance Sheet statement of Cash Flows t4otes to the Statemellt of Cash Nows io Notes tD the Financial Ststefflent5 11-16 The following ge5 do not forrn part of the 5trtutory Detailed Statement of Financial ActivitiÈS lincludirKJ tnctjnte and ExpeThliiure knwnt) 17-18
Marlow Rowing Club Trustees. Report {continued) For The Year Ended 30 September 2025 Financial Position- continuEd The club also runs a series of learn to row cwrses and team building events over the year as well a5 benefitting frDm the hire of its facilities. The dub Is well ptaced to meet the hlgh demand for è wide range of course5. A5 in previvus year5. it has been partrcularly encauraging to s& è large proptsrbon of the leam to row partpant5 on to becorne full and art¢ve rnbers of the dub at the condusion of their course. The club has a continuing need to contsnue to invest in our rowing fleet and equipment. The club ha5 made Investment In boats and facilities of £56k during the year. capttal investmÈnt has been made from surplus Funds and in line with the lub'5 IDng-lerrn inve5trnent plan. ThÉ dub relles significanriy on fundraising and dortations to finance investment in new boats and equlpment ftir members and expects to increase investment spe1 fundraising acbvilies and rtserves permit. The dub also benefits from ftjndralsing at boEh the Maflow Spring Rrfatts and Marlow Town Regatta. After the cancellation of both events in the previous ytar ¢Jue to adverse weather conditions, thankfully both Regattas We held during the spring nd early summer of 2025. They were very well svpported and made a positive contribution to the clubs fvnd-rai5ing target. Thankfully, de to some huge fundraising efforts by members, plus some very genems donations. generated É77k for the dub whiEh was prtitnptly allocated for new boat purchases. In addition to cash income. the club contlnues to benefit from the generous doDatK)n of servicts free of charge bv members. The valtse of these donated services in 2024125 was £306k and the dub coukj not Survive without them. The overall financlal 1t for the year was an exce of e¥pwditure over income of £67k. an improvement frDm the £131k deficit in the prior year. This result reflects the level t)f non-discretionary expenditure inherent tn the club's operations, which was higher than the fund-raising income. However. avaiJ6ble ch balances at the year-end refflain high and the encouoging level of participation acr055 the club provid Confiden In the contlnulng strength or the club's p051tioft. Reser¥es Policy The Trust's unrestr*ted funds are held to ensure that ongoing project costs can be gJPPOrted for the fDre5eeable future. and to provide income tOV4ards annval operating costs. Structure. Governance and Management Governin9 Document The charity is governed by its Memotsndurn and Articles of Associa)n, and c¥)nStiteS a company IlmlteLI by 9uarèntee, as defined by the Companies Act 2006. Trustee 5electlon Methods Trustees are appointed by the members of tho tompany in èc¢ordarKe with the Memorandurn and Articles of Association. Induction and Training of Trustees They a Introduced wlth a full range of relevant guKl8n and approprtate infotmotion on their new responslbllltes. Reference and Adminlstratlve Detsljs Trustees Mr Edward Phillps Mrs Alexandra Kennett Ms Julie Lyons Mrs Jenny Haryreaves {re&gned 16109120251 Mr David Wells Mr michael Parsons Company Secretary Mrs Alexandra Kennett Page 2
Marlow Rowing Club Company No. 07954383 Trustees. Report For The Year Ended 30 Septernber 2025 The trustees present their report and the finanoal statemenrs the year end&1 30 SePtemr 2025. ObJ•¢tive$ and Activlties Aims and Objectlves The objectives are set out In the Memornndum of AsSocian. Section 4 of the Charities Act 2011 requlres the Trustees to comply with their duty to have due 8rd to public benefit guidance published by t Charity Commission in exErosing their powers or duties. The Chadty's objectfjves are: The Pmmotlon of communlty partldpatlon In healihy recreation ID parkneular by the provislon of facilltes for rowing, sculling and other sports. Providing and assistsng in providing facilitses for spJrt. recreation or other leisu titne PatIOn of such persons who have need for such facilities by 3$on of their youth. age. infirmity or dIbleMent. poverty Dr social econotnic clrcumstances or for the public at large in the interests of social welfare and with the objett of improving conditions and life. Advanclng the educatyon of thildren and young people thowjh such [ne0r as the direttDr5 think fit in accordance with rhe ChariDes Act 20II. Achlevements and Performance Charitable Activities The Charity has been supported in its aim to bvild a Sports Hub" by Sport England as well as many private donations from Tnember5 Past and present as well as from the wider community. The club previously operatetl Ehrough an unincorporated association, which was a Comrnunity Amateur Sp(Kts A550aatsDn but not a charity. Martow Rowing aub ented a new era on l Aprtl 2013 byhen. aquired the assets ènd liabilib of the old unlnc0rrOted ossoclatlon, the charlty took over the operation of Marlow Rowing Club. As a charfty. Marlow Rov41ng Club has ne5¥ deThned obJectfve5 as set out abjve. AS such, the club now tras philanthrDpIc ambltlCns and SpOnsIbl11ties whith go beyond the objectives of the old unincotporated a5)CiatOn. The Charity novi owns the freehold site at Madow Brrdge Lane ha¥lng pald the final installment of during ihÈ 2D19 year end. It ha5 macle a tbumber uf long terrn undertakings to Srx)rt EThJland under the agreernent For funding of £im. These Indude undertakings to create a "Water Sports Hub" taking in a number of water swrts in addition to rowing, increasing community use of the 51te atKI Ma¥imi5in9 partiopabon in swt in and around Martow. c Charity has undertaken to achieve Key Performance IndatOrS compri*vg numeric targets within a 5 year period. These include Inc10 the number of partitipants in the vèrK>us water 5POrts using the Hub. increasing the number of par(iclpants with dibilitIeS and incrIng the number of total viyts to the Hub. Taking the above aspects together. Marlow RoviTiJVJ aub's remit now extends beyond rneeting the Df those already cornmlted to rov41ng. Tts tssk is to try and attract other potenDal rtiopants so that they too can benefit from the facilities offered by the Hub. A key aspect of trying to ireaSe participabon is to recogni5e thot for s<xne people, cost is a barrier. The charity is CQFnmitted to trying to rerni)ve or reduce any such barriers by not setting mernber5hip subscripti$ and coursè fees at levels which seek to fully cover the associated costs aj by offering reduced fess or bursartes through the Chairmans, Fnd in Appropriate case5. Financial Review Flnanclal Posltlon After several years of continual in(reases in income from memÈerfs subscriptions, 2024125 Saw a 51ight decrEase from £331k in the pnor year to £322k in the year under wiew. The dub. along with the wider economy. contlDues to fa a broad number of Inflationary pressL}r across it5 Cost base. owever, it tries to maintain membership subscriptions as low as possible to eThsU partKipation i5 affDrdable to as many people a5 P055ible. .CONTINUED Page I
Marlow Rowlng Club Trustees. Report (continued) For The Year Ended 30 September 2025 Charlty Number l 148327 Company Number 07954383 Registered Office Madoyi Ruwing Club Marlow Bridge Lane Marlow Berkshlre SL7 IR Independent Examiner AfFinity A550Clate5 (Marlow} Umite£l Accountants and Tax Advlsors The C1k House stat10n Approach Marlow Bucks SL7 INT Page 3
Marlow Rowing aub Trustees. Report (continued) For The Year Ended 30 September 2025 The trustees. report was approved by the board of trustees arKI 99ned its behalf by: Nr David Wells TrUse 25 June 2026 Page 4
Marlow Rowing Club Independent Examiner's Report to the Trustees of Marlow Rowing Club For The Year Ended 30 September 2025 I report to the charity trustees on my examination of the a¢¢ounts of the Company for the year ended 30 september 2025. Responsibilities ènd Basis of Report As the charity trustees of the Company land aL5D it5 director5 for the purpDses of company lawl. you are responsible for the pr@paratiDn of the accounts in ¥COrdan with the requirements of the Companles Act 2006 rthe 2006 Att~}. Having satisfied myself that the accounts of the Company are not requi to be audited under Part 16 of the 2006 Att and are eligible for independent examinatbm. I report in respert of my exatnination of your tharity's acccunts a5 orried out under settlon 145 of the Charitles Att 2011 cfhe 2011 Act'l. In caryng out my examtnakn.on I have followed the Dlrections glven by the Charity Commission under section t45151 Ib} of the 20tI Att. Independent Examiner's Statement Since the Companvs gross income exceeded É250.IXJO your exarniner rnust be a member of è body list In section 145 of the 2011 Act. I confirm that T am qualified to undertake the examinatior, because I am a mernber of The Institute cf Chartered Accountants in England and Wales. which is one ¢f the listed bodie5. I have completed my examination. I confirm that no Tnatters have come to my attention in connection WTth the examlnatlon giving rne cause to believe= l. accounting records were not kept in respect of the Company as vtquire(I by 5ettion 386 of the 2006 Att,. or 2. the accounts do not accord viifh those records; or 3. tho attounts do net eornply with the accounting UIremeTrts of section 396 of the 2006 Att other than any requirement that the accounts give a 'tnJe and fair view, whith is not a matter eoThsidtred as part of an Independent exatnjnatio,. or 4. the accoun have nol been prepared in accordance viith the trthods and principle5 of the Staternent of Recommended PEaEtice for accounting and repDrting by charitie5 applicab to charities preparing their accounts in ccordance with the Finanoal Reportring Stsndard applicatAe tn the UK and RepU1C of IreL4nd (FR5 1021. I have no concerns and have come across no other matte[5 in connection with the exarninabun to which attention should be down In this report in order to enable a proper vnder5tsnding of the accounts to be reached. Date The Clock Hou5E station Approach Marlow Bucks SL7 LNT dges
Marlow Rowlng Club Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Unre5trleted Restrlcted funds funds Total Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Chantable activities= 335.116 3.113 338,229 342,564 Charitable Activity other trading aEtivities Investments Other 397.283 84,765 696 397,283 84,765 696 394,886 42,907 L.71L 2.IS2 2,152 820,012 3,113 823.125 782.068 EXPENDITURE ON: Raising funds Charrirable activitles: Charitable Activity other TTrdlng Athvlues (12,7591 112,7591 {12.1201 (818.0891 (58,7771 1818.089) (852,4001 {58,7771 148,4581 ($89,625? 1889,6251 {912,978} Nrf EXPEIIDrnIRE {69.6131 3.113 166,5001 {130,910} NET MOVEMENT IN FUNDS 169.6131 3.113 166,500) 1130,9101 RECONCILIATION OF FUNDS: Total funds bmught forward 2,100,935 71.228 2,172.163 2.303.073 TOTAL FUNDS CARRIED FORWARD 16 2.031.322 74.341 2,105,663 2.172,163 The note5 on page5 10 16 fomi part of these financol statenents. Page 6
Marlow Rowing Club Comparative Statement of Financial Activitie5 (including Income and Expenditure Account) For The Year Ended 30 September 2025 2024 Unrestrlcted Re5trlrted funds funds Totsl fund5 Notes INCOME AND ENDOWME14TS FROM: Donation5 and legacies Charitable acrivities.. Charitable Activity other trading activities Investrnents 342.004 560 342,564 394,886 37.766 970 394,886 42.907 1,711 5,141 741 775.626 6,442 782,068 EXPENDITURE ON: Raising funds Charitable artlvlties- Charitsble Activity other Trading Artlvltle5 19.6461 {2.4741 112.1201 {B52,4001 148.458) 1852.4001 148.4581 (9LO,5041 12.4741 1912,978) NET EXPENDrnIRE 1134,8781 3.968 1130,910} Ntrf MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward {134.878} 3.968 (130,9101 2.235,813 67.26Q 2,303,073 TOTAL FUNDS CARRIED FORWARD 16 2.100,935 71.228 2,172,163 The notes or pages io to 16 form part of these finanaal 4atements. Page 7
arlow Rowlng Club Balance Sheet As At 30 September 2025 2025 2024 Unrestr1rt RestTlrted Total funds funds funds Total funds FIXED A55ETS Tangible Assets Investments 2,027.377 6,969 2.034,346 2,147,759 12 2,027,379 6,969 2,034,348 2,147.761 CURRENT ASSETS Stocks 13 2.640 990 2,640 9,984 118.783 Debtors Cash at bank and In hand 14 56,372 67.372 123.744 60.002 67,372 127,374 131.407 Credltors: Anwunts Falllng Due Within One Year Is 156,0591 156,0591 1107,0051 NET CURRENT ASSEfs (UABILrriES) 3.943 67,372 71.315 24,402 TOTAL ASSETS LESS CURRENT LIABILITIES 2.031.322 74.341 2,105,663 2,172.163 NET AsseTS 2,031,322 74,341 2,105,663 2,172,163 FUNDS OF THE CHASirrY Restricted Funds Unrestricted Funds 74.341 71,228 2.D31,322 2,100.135 TOTAL FUNDS 16 2,105.663 2.172,163 On behalf or rhe board Mr David Wells Trustee 26 June 2026 The notes on page5 10 to 16 form part of these financial StatTrEs. Page 8
Marlow Rowlng Club Statement of Cash Flows For The Year Ended 30 September 2025 2025 2024 Notes Cash flows from operating actlvtties Net cash generated frorn operaiions 60,258 76,979 Net Cash generated from operating actiwties 60,258 76,979 Cash flows from investing activities Purchège of tangible assers InterÈ5t received 155,9931 696 1135,3941 1,711 Net c8sh used in investiThJ activities 155.297) 1133,6831 In¢reasÉ/ldÈcreasel ITh cash antj cash eouivalents Cash and cash equivalents at begTnning of year 4,961 118.783 156,7041 175,487 Cash and cash equivalents ar end of year 123.744 118,783 Page 9
Marlow Rowing Club Notes to the Statement of Cash Flows For The Year Ended 30 September 2025 Reconaliation of expenditure to generated from optrations 2025 2024 Net expenditu ALlJusiments for Interest income Depreciation of tangible a55ets 14ovement5 111 working (apttal.. Increase in stocks Decreasel(increasel In trdde and other debrors IDecrea5e}lincrease In trade and other creditors 166.51K)) (130,9101 16961 169.406 11.7111 169.377 {2.64D) {9.984) 52,847 8.994 (50,9461 Net cash generated from operdtions 60,258 76.979 2. Cash and ¢a$h equlvalents Cash and cash equivalents, as stated in the Statement of Cash Flows, rdates to the fo11ng items in the Balance Sheet.. 2025 2024 Cash at bank and in hand 123.744 118.783 3. Analysi$ of changes in net fund$ A5ati October 2024 Cash flows Asat30 Septernber 2025 Cash at bank and in hand 118,783 4.961 123,744 Page 10
Marlow Rowing Club Notes to the Yinancial Ststements For The Year Ended 30 September 2025 l. General Information Martow Rowing Club is a company limited by guarantee. inc(ryoted in England & Wales. registered nurnber 07954383 and registered charity number 1148327. The registered office is Marlow Rowing Club, Mark)w Bridge Lane. Marlov4, Berkshire, SL7 IRH. 2. Ac¢ounting Policles 2.1. Basis of Prep•ratSon Df finantill Statements The fjnancial statements have been prepared in accordare the Charities SORP IFRS 102) "Accounting and Reoortrn9 by Charities." Statement of Recommended practi appltsble to tharities preparing thr èccounts in ctordance with the Financtal RÈporting Stsndard applicable In UK and Republic of Ireland IFRS 1021 loffethve I January 2019),. FinarKial Reporting standard 102 The Finanoal Reporting Standard applicable tn the UK and Republic of Ireland. and rhe Companies Att 2006. The charitsble company is a Public Benefi Entity as defined by FRS 102. 2.3. Tangible Flxed Assets and Depredation r3ngible fixed assets are measured at cost kss awjmulated depreoèht)n and any accumulated impairmEnt losses. Depreoation is provided at rates calculated to w.ite off the cost of the fixed assets. less their estsmated residual value. over their expected useful lives on the following base5'. Freehold Plant & Mathinery FixtUTes & Fittings stra>9ht Itne er 40 year5 150h 4)n Cost 15% on Cost 2.3. Stocks and Work In Progress Stocks and work in progress are valueLI at the lower of cost and net realisable value after making due albwance for obsolete and slow-tnoving stocks. Cost 15 determined using the first-in, fir5t-out method. Cost indudes all direct and an appropriate proport1¢ of fi¥ed and variable overheads. Work in projress is reflected in the accounts on a contract by contratt bass by recording turnover and lated cost5 as contract acrivlty progr&5es. At the end of each reportirwj period stOEks are asse55ed for impairrnenL If an item of stock is impaired. the identified stock is reduced to Its selling prte ls costs to com*ete alld sell and an impairment charge is recognised In the ststernent of r Inancial attivities. Where a Versar of the impainnenr 15 required the Impoirment charge 15 reVeed, up tts the original impairynent loss, and is recognised as a credit In the statement of financial activities. 2.4. Cash and Cash Equivalents Cash cash equivalents are basit financial assets aTh1 indude cash rn hanLI and deptssits held at call with banks, other short-term highly liquid investments that [llatU in no more than three months from rhe date DF acquisition an are adIlY convertible to a knowTr amouni of cash vlith inggnificant risk of thange in lUe, and bank overdrafts. 3. In¢ome from Donatlons and Lega¢ie5 2025 Unrestri¢ted Restricted Total fvnds funt1$ fvnds Donatlons and gifts Donated gooLls, facilities and serceS 29.216 305,900 3.113 32,329 305,900 335.116 3.113 338,229 Page 11
Marlow Rowlng Club Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 2024 Unrestrlrted Restrfcted Total funds fund$ funds Donallons and gifts Donate¢ goods. facilitie5 and sery15 57.653 284,351 560 58.213 284,351 342.C#)4 560 342.564 4. Income from Other Trading Actlvltles 2025 Unrestrlcted Restrirted funds funds Totsl funds Consu5tancy services Htyjsing Fundraising events 34.500 5,136 45,129 34,500 S,136 45,129 84,765 84,765 2024 Unrestrfct*d Restri¢ted fndS funds Total funds Consultancy services Housing Fundraisln9 events 14.848 1.420 21,498 14.648 1,420 26,639 5.141 37,766 5,141 42.907 5. Other IncDme 2025 2024 Unrestricted Unrestricted funds funds other income 2.152 Net In¢omel(Éxpenditure} The net expenditure Is Stated after charying11(reditingl'. 3025 2024 Depreclation of tangible fixed assets - owned 169,40S 169.377 Page 12
Marlow Rowing Club Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 7. Analysi5 of Expeftdire 2025 Artivitie undertaken dirertly Support costs (see note 8) Total Raising fund5 Charitable Activity Other Trading Attivtties 12,759 810.357 58.777 12.759 818.089 58,777 7.732 881.893 7.732 889.62S 2024 A¢ti¥ltie$ undertaken dlrectly Support CD5ts (see note 8) Total Ralsing fvnds Charitable Activity Other Trading ActrvitrÈs 12.120 841.665 48.458 12,120 852,400 48.458 10,735 902,243 10,735 912,978 8. Support Costs 2025 Charftable Artivity General administration 7.732 2024 Ch*rltHble Activity Generdl administratiun 10.735 Independent examiner's Re•nuneratlon 2025 1024 Independent examination of the financial statements 2,000 3.000 10. Average Number of Employees Avernge number of Èmployee5 during thÈ year wa5.. 4 (2024.. 5) Page 13
Marlow Rowlng Club Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 11. Tanolble Assets Dd& Property Fr•ehold Mont & Nachinery ixtures & Fittin96 Total Cost As at i OLtote 2024 Additions 969.587 55,993 304.613 3.564.310 55.993 2.290,110 1.025.580 304.613 3.620.303 As ot 30 Sepiember 2025 2.290.110 Depreciation As at i Ortober 2024 Provided during the period As at 30 September 2025 Net Book Value As at 30 September 2025 As at i ottober 2024 173,864 31,625 1,416,551 169,406 1.585,957 519.308 51.997 571.305 723,379 85,784 205.489 809.163 1.71B.805 216.417 99,124 2.D34.346 1,770,802 246.208 130.749 2.147.759 12. Inve5tmeDts Subsidiaries Cost or Valuation As at l October 2024 A5 al 30 September 2025 ProV15ion As al l Ortober 2024 As al 30 September 2025 Net Book Value AS at 30 September 2025 As at i ortober 2024 13. Stocks 2025 2024 2.640 2,640 stock 14. Debtors 2025 2024 Due wlthin one year Other debtor5 990 9,984 Page 14
Marlow Rowing Club Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 15. Creditors.. Amounts Fallin9 Dué Within One Year 202S 2024 other credirtsrs Accruals and deferred iome 11,609 44,450 15.343 91,662 56,059 107.005 16. Movement in Funds Asatl ortober 2024 Asat30 September 2025 Incom• Expenditure Unrestrr¢ted funds Generdl.. General unrestritted fund Restricted fulS Restricted Fund 2.100.935 820,012 1889.625) 2.031,322 71.228 3,113 74.341 Total funds 2.172,163 823,125 {889,6251 2.105,663 Asati October 2023 A$at30 September 2024 Inc•me Expenditure Unrestrl¢ted furrds General.. General unrestricted fvnd Restrlcted funds Restritted Fund 2,235.813 775,626 1910,5041 2,100.935 67,260 6.442 12,4741 71,228 Total funds 2.303,073 782,068 1912,9781 2.172.163 17. Transattions wrth Trustees During the year thÈ Èxpenses reimbursed to the trustÈes or pai(J direcdy to third part* werE as follows: 2025 2024 18. Related Party Dlsclosures Durtng the year E34.500 {2024.' £13.6671 wa5 recÈived fr¢)m Marfow Rowing aub Trading Limited in respect of rent and donation. ge15
Marlow Rowing Club Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 19. Company l•mited by 9uarante¢ The company is lirnited by guaontse arKI has no shale copital. Every member of the company undertakes to contribute to the assÈts of the companyi in the event of a winding upt such an amount as may be requlred )t exceeding £1. Page l6
Marlow Rowing Club Detailed Statement of Financial Activities (rnduding Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gift5 Donateij Servlces Income 32,329 305,900 58,213 284,351 33B,229 342,564 Charitable Artivltles: haritable Acti¥lty Courses Income 75.241 467 64.358 Kit Sales Membership SubscriptioTh 321.575 330.528 397.283 394,886 Other tradlng activltles Rent Receivable Fadlity Hire Fundraising events 34.500 5.136 45,129 14.848 1,420 26,639 84,765 42,907 Investments Bank interest recelvable 696 1,711 696 1.711 Other other income 2.152 2.152 823.125 782,068 EXPENDITURE ON: Raising funds Donated Sawiees Expenses Support and administration cgsts 112,8401 81 112,1201 112,7591 112,1201 Charitable Artivlties: Charltable Activity Donated Services ExpensES Coaching Courses British Rowing Health and Safety Rates Cost5 {254.9001 (195,8201 11,257) 112.108) 122.355} 17.8031 131,8821 {20,3501 12,309} (234.790} 1253,1931 13,8641 16.5831 121.3931 {5,2011 139,0291 117,3601 {4.7831 ..CONTINUED Heat antJ knght Cleaning Costs Truck Page 17
Marlow Rowing Club Detailed statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 30 September 2025 Equipment Waste disposal Hire and Lean9 of plants equipment and vehides Vehicle running ms Repairs, renewals and malntsnance Insurance (2.8851 14,5261 11,1521 15,3141 139,775) {31.488) 15,6071 15L91 19011 1169,4061 154,6161 129,0291 Marketlng and advertlslng costs Support and administration costs Data and telecommunications c05t5 (1,6781 (7691 1169,377) Depreciallon Independent examinerfs fee5 Legal fees &3nk charges li 12,0001 (2,1001 13,6321 13,000) 13,092) (4,6431 1818,0891 IB52,400} Other Trading Artlvilies Donated Service5 Expenses Fundraising Event Expenses (38.16Q} 12D,617) 137,4401 111,0181 {58,7771 148.4581 1889,6251 1912,9781 NET EXPENDITURE 166.5001 1130,9LOI Page 18