Caerau Development Trust
Charity No. 1150390
Company No. 06849950
Trustees. Report and Unaudited Accounts
31 March 2024

Caerau Development Trust
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to5
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
IOto18
Detailed Statement of Financial Activities
19to20
Page I

Caerau Development Trust
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE D￿AlL5
Company No. 06849950
Charity No. 1150390
Principal Office
The Community Centre
Woodlands Terrance
Caerau
Maesteg
CF34 OSR
Registered O￿lCe
Community Centre
Woodland Terrace
Maesteg
Mid Glamorgan
CF34 OSR
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Director5 and Trustee5 served during the year..
P. Davies
(Resigned 10 April 20241
G. Dawe
J. Dawe
K. Edwards
P. Jones
A. King
l. Morris
P. Nut
(Resigned 10 April 20241
C. Pryme
Accountants
Robert Cole & Co
Office 2 Llynf i Ent. Centre
Heol Ty Gwyn Ind. Estate
Maesteg
CF34 OBQ
Bankers
Nat West Bank PIC
35-37 Station Road
Port Talbot SA13 INH
Page 2

Caerau Development Trust
Trustees Annual Report
OBJEcfivES AND AcfiviTIES
The objects for which the Charity is established, as set out in its governing document, are: The promotion, for
public benefit, or community and economic regeneration in Caerau in the County Borough of Bridgend, and
the surrounding areas. by all or any of the following means.. - The relief of poverty in such ways as may be
thought fit,. _ The relief of unemployment in such ways as may be thought fit-_ The advancement of
education and training,. _ The maintenance. improvement or provision of public amenities: The provision or
assistance in the provision of recreational facilities- The provision of public health and childcare facilities,.
The promotion of public safety and the prevention of crime: _ The protection and improvement of the natural
environment and the conservation of local heritage- _ Other means as may from time-to-time be determined
subject to the prior consent of the Charity Commission of England & Wales.
The main activities undertaken in relation to those purposes during the year: The Charity supports a number
of projects for the benefit of the people of Caerau and the surrounding area. and some of the public benefits
of these projects are detailed below.
The main activities undertaken to further the charity's purposes for the public benefit:
The principle activity of the Charity in the year under review was to further or benefit the resident5 of the
Llynfi Valley and the surrounding areas, without distinction of gender, sexual orientation, race or of political,
religious or other opinions by associating together the said residents and other agencies, sectors and service
providers in a common effort to advance education and to provide facilities in the interests of social welfare
for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
The Charity maintains a community centre for the benefit of the local residents and the surrounding area.
Within the community centre there is a charity shop and a cafe. There is also an in-house food outlet offering
free discounted groceries. Many courses are run from the centre for the benefit of the community. These
include first aid trainin& table tennis, cookery. heath & hygiene, job club, a spiritual group. a be-friending
group, and a guitar club. There are also various youth activities and bingo sessions.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the
activitie5 of the charity.
ACHIEVEMENTS AND PERFORMANCE
Caerau Development Trust ICDTI is a community based charity located in the middle of Caerau, a former
mining village at the head of the Llynfi Valley which is rated as one of Wales, poorest communities (rated 6
most deprived area in Wales according to Welsh Government's Index of Deprivation in 20141. CDT, which is
entirely run by volunteers, provides a mix of vital services and social activities for local people. These include
a second hand clothes shop, a free food collection point (similar in ethos to Fare Share), free IT access and we
host drop ins from CAB, the Job centre. local solicitor's and the Credit Union as well as being the location for
MP and AM surgeries. We also host social activities including a spiritual group and a music group and we are
a location for children's parties and social events run by local clubs such as the OAP club. Men's Shed and
others. We are always open to local clubs and groups to use ourfacilities, often at no charge lon the
understanding that attendees use our cafe). and our intention is to provide a welcoming atmosphere where
people feel able to come to things they want to do and access services that they need.
Page 3

Caerau Development Trust
Trustees Annual Report
One of the greatest benefits of the centre to the local community is the access to free discounted groceries.
It is estimated that over 9,300 local people make use of this facility each year. The biggest sources of income
for the Charity is the rental of rooms within the centre to course providers, and Cafe Cwtch. During the
year-ended 31 March 2024, these generated over £IOO,000 of income forthe Charity. It is estimated that
approximately 500 local people benefitted from these courses and 200-300 plus people make use of the cafe
facilities.
A summary of the main achievements of the charity, identifying the difference the charity's work has made
to its beneficiaries and society as a whole:
Café Cwtch has continued to expand and offers nourishing. healthy meals at a budget price to all members of
the local community. The café is open six days a week and is attended by a large number of elderly single
people and those with mental health issues. There is also increasing demand for formal dinners for
community Eroups.
The charity shop is run entirely by volunteers and accepts donations of pre-used clothing and other goods
which are then offered for re-sale. The shop also operates a recycled school uniforms service and provides
free clothing bundles for vagrants and recently discharged prisoners.
FINANCIAL REVIEW
The board of trustees are satisfied with the performance of the charity during the year and the position at 31
March 2024 and consider that the charity is in a strong position to continue its activities during the coming
year, and that the charity's assets are adequate to fulfil its obligations. The trustees are pleased to report
that agreement has been reached with the local authority to gain exemption from business rates. This has
allowed the previous provisions for liabilities to be reversed, so enhancing the value of the funds held. The
trustees consider the financial performance by the charity during the year to have been satisfactory. Specific
changes in fixed assets are detailed in the note5 to the accounts.
The Trustees aspire to maintain enough reserves to ensure the continued existence of the community centre.
All reserves are deemed to be restricted resep4es. in that all monies raised. earned or granted are for the
running of the centre. The balance of Revenue Restricted Funds as at 31 March 2024 was £237 {2023-
£15,966).
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its
obligations in respect of each fund.
PLANS FOR FUTURE PERIODS
The trustees are in the process of developing a five-year plan and hope to secure grant funding to develop
the activities of the charity further. Such matters would include- Consolidating the success of the café as a
valid community asset; looking into means of alternative heating methods forthe community centre,.
providing organised holidays to the local community,. and becoming a centre for the Duke of Edinburgh's
Award Scheme.
Page 4

Caerau Development Trust
Trustees Annual Report
STRUCTURE. GOVERNANCE AND MANAGEMENT
The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The
governing document of the charity is the Memorandum and Articles of Association establishing the company
under company legislation, and is dated 17 March 2009. The charity is registered in England & Wales with the
Charity Commission in England & Wales {CCEWlwith charity number 1150390. There are no restrictions in
the governing documents on the operation of the Charity or on its investment powers other than those
imposed by Charity Law. By operation of law all. trustees are directors under the Companies Act 2006 and all
directors are trustees under Charities legislation and have responsibilities, as such, under both company and
charity legislation. The trustees are all individuals. The charity does not operate in any overseas jurisdictions.
The Trustees seek to appoint additional Trustees whenever necessary following recommendations from
existing Trustees or the Directors. A potential Trustee would be invited to attend Trustee5' meetings as an
observer for a few meetings, before any decision is taken concerning their ongoing involvement as a Trustee.
Potential Trustees are provided with all the relevant guides from the Charity Commission before any
appointment.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable Steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 102).
Signed on behalf of the board
A. King
Trustee
20 December 2024
Page 5

Caerau Development Trust
Independent Examiners Report
Independent Examiner's Report to the trustees of Caerau Development Trust
I report to the charity trustees on my examination of the financial statements of Caerau Development Trust
for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145{51 {bl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in accordance with section 386 of the 2006 Act . or
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination: or
the financial statements 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 IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Robert Roger Cole {Association of Chartered
Certified Accountants)
Robert Cole & Co
Office 2 Llynf i Ent. Centre
Heol Ty Gwyn Ind. Estate
Maesteg
CF34 OBQ
20 December 2024
Page 6

Caerau Development Trust
Statement of Financial Activities
for the year ended 31 March 2024
Restricted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Other
43,543
66,391
5,330
43,543
66.391
5,330
32,915
65,878
1,900
162
Total
115,264
115,264
100,855
Expenditure on:
Charitable activities
31,043
99.950
31,043
99.950
26,432
104,691
Other
Total
130,993
130.993
131,123
Net gains on investments
Net expenditure
Transfers between funds
io
115,7291
115,729}
{30,2681
Net expenditure before other
gains/(losses)
115,729)
115.729}
{30,2681
Other gains and losses
Net movement in funds
115,729)
115.729)
{30.2681
Reconciliation of funds:
Total funds brought fonvard
15.966
15.966
46,234
Total funds carried forward
237
237
15,966
Page 7

Caerau Development Trust
Summary Income and Expenditure Account
for the year ended 31 March 2024
2024
2023
Income
115,264
100,855
Gross income for the year
Expenditure
115,264
100.855
113,095
115.594
Depreciation and charges for
impairment of fixed assets
17,898
15,529
Total expenditure for the year
Net expenditure before tax for the year
130,993
131,123
115,729)
130,2681
Net expenditure for the year
115,7291
130,2681
Page 8

Caerau Development Trust
Balance Sheet
at 31 March 2024
Company No. 06849950
Notes
2024
2023
Fixed assets
Tangible assets
13
14.510
14,510
23,114
23,114
Current assets
Cash at bank and in hand
19.689
19,689
{27.962}
{8.273}
6,237
13,527
13,527
118,4751
14,9481
18,166
Creditors: Amount falling due within one year
Net current liabilities
14
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
Net assets excluding pension asset or liability
16
{6,000}
237
12,2001
15,966
Total net assets
237
15,966
The funds of the charity
Restrirted funds
Restricted income funds
18
237
15,966
15,966
237
Unrestricted funds
18
Reserves
18
Total funds
237
15,966
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 20 December 2024
And signed on its behalf by..
G. Dawe
Trustee
20 December 2024
Page 9

Caerau Development Trust
Notes to the Accounts
for the year ended 31 March 2024
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities-
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffettive I
January 20151 {Charities SORP IFRS 1021). the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102} and the Companies Art 2006.
Change in basis of accounting or to previous accounts
The f inancial Statements are presented in Sterling which is the functional currency of the charity.
Monetary amounts in the financial statements are rounded to the nearest pound. The significant
accounting policies applied in the application of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated. No significant
judgements have had to be made by the trustees in preparing these financial statements. The trustees
are not aware of any material uncertainties about the charity's ability to continue as a going concern.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity-
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Page 10

Caerau Development Trust
Notes to the Accounts
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to. and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims 15 included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure}
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/{losses} on
investment assets
This includes any gain or Ioss on the sale of investments.
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects. including the making of grants and
governance costs.
All grant expenditure is accounted for on an attual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity. including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Grants payable
Governance costs
Other expenditure
These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Page 11

Caerau Development Trust
Notes to the Accounts
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life..
Leasehold property
Games & equipment
Motor vehicles
7.5% straight line
25% straight line
2% straight line
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand. demand deposlts with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity-
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
The charity is a public benefit entity.
Page 12

Caerau Development Trust
Notes to the Accounts
3 Statement of Financial Activities- prior year
Restricted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other
32,915
65,878
1,900
162
32,915
65,878
1,900
162
Total
100,855
100,855
Expenditure on:
Charitable activities
26,432
26,432
104,691
Other
104,691
Total
131,123
131,123
Net income
130,268)
130,2681
Net income before other
gains/(losses)
Other gains and losses:
Net movement in fund5
130,268)
130,2681
130.2681
130,2681
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
46,234
46,234
15,966
15,966
4 Income from donations and legacies
Restricted
Total
Total
2024
2023
Bridgend County Borough
Council & Bridgend
Association of Voluntary
Organisations IBAVO)
National Lottery Main Grant
& Library of Things
Community Foundation
Wales
7.903
7,903
3,800
34,240
34,240
15,467
1,400
1,400
1,400
Moon Dance Foundation
12,248
43,543
43,543
32,915
Page 13

Caerau Development Trust
Notes to the Accounts
5 Income from charitable activities
Restricted
Total
Total
2024
2023
Goods and services in
accordance with the charity's
objects
Ancillary trading in support
of primary purpose trading
29.991
29,991
28,245
36.400
36,400
37,633
66,391
66,391
65,878
6 Income from other trading activities
Restricted
Total
Total
2024
2023
Letting and licensing of
property for non-charitable
purposes
5,330
5,330
1,900
5,330
5,330
1,900
7 Other income
Total
Total
2024
2023
Small grants & gifts
individually less than £1,000
162
162
8 Expenditure on charitable activities
Restricted
Total
Total
2024
2023
Expenditure on choritoble
activities
Goods and services in
accordance with the charity's
objects
Ancillary trading in sUPPOrt
of primary purpose trading
Governance costs
30.293
30,293
26,432
750
750
31,043
31,043
26,432
Page 14

Caerau Development Trust
Notes to the Accounts
9 Other expenditure
Restricted
Total
Total
2024
2023
Employee costs
Motor and travel costs
35,423
35,423
33,723
27,952
13,433
27,952
13,433
31,065
15,550
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
17.898
17,898
15,529
3,929
1,315
99.950
3,929
1,315
99,950
7,509
1,315
104,691
Legal and professional costs
10 Net expenditure before transfer5
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
16,508
15,529
11 Trustee remuneration and expenses
2024
Number
2023
Number
The nature of the reimbursed expenses
No trustees or persons connected with them received any
remuneration from the charity, or any related entity.
12 Staff costs
2024
2023
Salaries and wages
35,423
35.423
33,723
33,723
No employee received emoluments in excess of £60,0(XI.
The average monthly number of full time equivalent employees during the year was as follows=
2024
2023
Number
Number
Engaged on charitable
activities
Page 15

Caerau Development Trust
Notes to the Accounts
13 Tangible fixed assets
Land and
buildings
Games &
Motor
Total
equipment
vehicles
Cost or revaluation
At l April 2023
Additions
139.104
14.615
16,320
10,294
15,400)
21,214
170,039
10,294
15,4001
174,933
Disposals
At 31 March 2024
Depreciation and
impairment
At l April 2023
Depreciation charge for the
year
Disposals
At 31 March 2024
139,104
14,615
126,420
10,943
9,562
146,925
10.428
1.837
4,243
16,508
13,0101
10,795
13,0101
160,423
136.848
12,780
Net book values
At 31 March 2024
At 31 March 2023
14 Creditors:
amounts falling due within one year
2,256
12.684
1,835
3.672
10,419
6,758
14,510
23,114
2024
2023
Other taxes and social security
Other creditors
95
43
2,263
1,279
24.325
27,962
2,167
1,279
14,986
18,475
Accruals
Deferred income
15 Deferred Income
Movement of the deferred income shown in Creditors.. amountsfalling due within one year
2024
2023
At l April
Released in current year
Deferred in current year
At 31 March
16 Creditors:
14,986
(14.9861
24,325
24.325
23,248
18,262)
14,986
amounts falling due after more than one year
2024
2023
Deferred income
6.000
6,000
2,200
2,200
Page 16

Caerau Development Trust
Notes to the Accounts
17 Deferred Income
Movement of the deferred income shown in Creditors.. omountsfalling due more than one year
2024
2023
At l April
Released in current year
Deferred in current year
At 31 March
18 Movement in funds
2,200
(2.2001
6,000
6.000
4,400
12,200)
2,200
Incoming
resources
At31
(including
other
At l April gain5/105ses
2023
Resources
March
expended
2024
Restricted funds:
Restricted income funds:
Restricted revenue fund
15,966
115,264
1130,993
237
Total
15.966
115.264
1130,9931
237
Unrestrirted fund5:
Total funds
15.966
115,264
1130,9931
237
Purposes and restrictions in relation to the funds..
Restricted funds:
Restricted revenue fund
This fund is maintained for the continued existence of the Community
Centre and other projects. as detailed in the Schedule of the Statement of
Financial Activities.
19 Analysis of net assets between funds
Restrirted
Total
funds
Fixed assets
Net current assets
14,510
18,273)
14,510
18,2731
Creditors due in more than one year and
provisions
16,000)
16,0001
237
237
Page 17

Caerau Development Trust
Notes to the Accounts
20 Reconciliation of net debt
At31
At l April
2023
March
Cash flows
2024
Cash and cash equivalents
13,527
13.527
6,162
6,162
19,689
19,689
Net debt
13,527
6,162
19,689
21 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital: thus no single party controls the company.
There were no transactions with related parties in the year.
Page 18

Caerau Development Trust
Detailed Statement of Financial Activities
for the year ended 31 March 2024
Restrirted
funds
2024
Total funds
2024
Total funds
2023
Income and endowments from:
Donations and legacies
Bridgend County Borough Council
& Bridgend Association of
Voluntary Organisations IBAVOI
National Lottery Main Grant &
Library of Things
Community Foundation Wales
Moon Dance Foundation
7,903
7,903
3,800
34.240
34.240
15.467
1,400
1,400
1,400
12.248
32,915
43,543
43,543
Charitable activities
Goods and services in accordance
with the charity's objects
Ancillarytrading in support of
primary purpose trading
29.991
29.991
28.245
36,400
36,400
37,633
66,391
66.391
65.878
Other trading activities
Letting and licensing of property
for non-charitable purpose5
5,330
5,330
1,900
5,330
5.330
1,900
Other
Small grants & gifts individually
less than £l.000
162
162
Total income and endowments
115.264
115.264
100.855
Expenditure on:
Charitable activities
Goods and services in accordance
with the charity's objects
Ancillary trading in support of
primary purpose trading
30.293
30.293
26.432
750
750
31,043
31,043
26,432
Total of expenditure on charitable
activities
31,043
31,043
26,432
Employee costs
Salaries/wages
35,423
35,423
35,423
35.423
33,723
33.723
Motor and travel costs
Vehicles - General costs
14,087
14.087
20.280
Page 19

Caerau Development Trust
Detailed Statement of Financial Activities
Travel and subsistence
13.865
27,952
13.865
27,952
10.785
31,065
Premises costs
Rates
812
812
672
Light. heat and power
Premises cleaning
Premises repairs and
maintenance
6.814
4,490
6.814
4,490
7.759
4,869
1.317
1.317
2.250
13,433
13.433
15.550
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Games &
equipment
Depreciation of Motor vehicles
Loss on disposal of tangible fixed
assets
10.428
10.428
10.428
1,837
1,837
1,837
4,243
4,243
3,264
1,390
1.390
Equipment expensed
General insurances
Stationery and printing
Sundry expenses
Telephone, fax and broadband
418
418
651
1,746
47
1,746
47
4,260
1.159
204
60
60
1.658
21.827
1,658
21.827
1,235
23.038
Legal and professional costs
Audit/lndependent examination
fees
600
600
600
Accountancy and bookkeeping
715
715
715
1,315
1.315
1.315
Total of expenditure of other costs
Total expenditure
99,950
99.950
104.691
130,993
130,993
131,123
Net gains on investments
Net expenditure
115,729)
115,729)
130,2681
Net expenditure before other
gain51(1055es)
Other Gains
115.729)
115,729}
(30,2681
Net movement in funds
115,729)
115,729}
(30,2681
Reconciliation of funds:
Total funds brought forward
15.966
15.966
46.234
Total funds carried forward
237
237
15,966
Page 20