REGISTERED COMPANY NUMBER: 03527445 (England and Wales) REGISTERED CHARITY NUMBER: 1151273 Trustees, Report and Unaudlted Flnanclal Statem•nts for the Year Ended 30 Aprll 2024 The Eton Flves Assoclatlon Llmlted IA Company Llmlted by Guarantee)
The Eton Fives Association Limlted Contents of the Financial Statements for the year ended 30 April 2024 Page Tru5tees' Report Independent Examiner's Report Statement of Financlal Activlties Statement of Flnancial Position Notes to the Financlal Statements 9 to 18 Detailed Statement of Financlal Actlvltles 19 to 20
The Eton Flves Associatlon Limited Trustees. Report for the year ended 30 Aprll 2024 The trustees who are also directors of the charlty for the purposes of the Companies Act 2006, present their report wlth the financlal statements of the charity for the year ended 30 Aprll 2024. The trustees have adopted the provisions of Accountln8 and Reportlng by Charltles: Statement of Recommended Practlce appllcable to charlties preparing thelr accounts In accordance wlth the Flnancial Reporting Standard appllcable in the UK and Republlc of Ireland {FRS 1021 leffectlve l January 20191. OBJECTIVES AND ACTIVITIE5 Objectlves and alms The Eton Flves Assoclatlon was set up to promote communlty partlclpatlon prSmarlly In the sport of Eton Flve5 and such other amateur sports as the trustees shall determlne. The charlty provldes or asslsts In the provlslon of facllltles for the playlng of Eton Flves. The charlty also alms to advance physlcal education of young persons by asslstlng In the facllttles for the playln8 and learnlng of Eton Flves In schools and unlversltles, Publlc beneflt We have referred to the guldance contalned In the Charlty Commlsslon's general guldance on publlc beneflt when revlewlng our alms and objectlves and In plannlng our future actlvltles. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles The Schools Champlonshlps took place at Repton In March 2024 on the 12 refurblshed COL4rts for the flrst tlme In a lon8 tlme. Quallfylng tournaments for It were played from January at varlous venues. The overall entry was about 530 palrs. The annual dinner took place at the RAF Club In London. Advanta Wealth Management klndly malntalned thelr 6th year of sponsorshlp of £25,000 per annum whlch was lar8ely used to help pay for the manager of the Flvestar Project among other thln8S. A coach was malntalned at Westway Sports Centre to ensure the local schools remalned playln8 but there was no grant from John Lyon's Trust. The courts at Emanuel School were bullt on by the school. Those at Eton were refurblshed and a Flves Centre on two floors was created between the courts whlch wlll provlde for screenlng of matches, a meetlng place, offlce for the coach etc thanks to the Mlchael Constantlnldl legacy. £2,500 continued to be granted by the Jesters Club to help young players transltlon from school to adult flves. The FSveStar development project was funded by the Eton Flves Charltable Trust {EFCF) and EFA sponsorship money. £107,000 was ralsed towards 3 new courts at Holyport whlch are now under construction. Eton gave one court and malor donors another. The EFA Centenary year preparatlons are underway. The year was launched on l May 2024. A hlghllght wlll be a dinner at Lords in October. An Appeal for the Centenary Year has been established. Arrangements are in hand to brlng the courts at Stowe back into more use. Also Fives at St Bees, Wrekin and Rydal is doing well. Further efforts are being made to flnd a cheaper method of court building and e5tabli5h more coaches for the game. Reports on tournaments and Flves events past and present are accessible on the website www.etonfives.com along wlth a host of other materlal about the activities of the EFA. Page I
The Eton Fives Association Limited Trustees, Report for the year ended 30 April 2024 FINANCIAL REVIEW Financial position The Statement of Financial Activities on page 6 shows total inconiing resources of £131,043 12023 £ 176,4891, before net gair)s on ii)ve5tiiients, and net outgoinB resoiirces of £126,944 12023 £172,124) for the year, Investment policy and objectives Fund5 are invested wit h Advanta Wealth M anagement and this policy is reviewed a nnually, Reserves policv Unrestricted f u nds stand at £86, 71012023 £71,658) which 3 re held to cover futu re outgoings and provide resources for future gra nts for cou rt bu ilding and coaching. Restricted fuiids stand at £Nil12023 £Nill which are held to cover future outgoings and provide resources for future grants for court building and coachin8. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity Is constltuted as a company limited by guarantee. Recruitment and appointment of new trustees The charity's board lias the power to appoint any persons to be a trustee of the c.l)arity, Trustees appointed during the year and new trv5tees are ratified at tlie Annual General Meetiiig Organlsatlonal structure The Board of Trustees oversee the operation of the charity assisted by a small management and admlnistration tea m. Flnanclal rlsk management objectlves and policies The trustees review the fina nces and associated risks at each trustees, meetlng. Trustees and Directors The trustees a nd i he directors are the group of people cha rged with the governa nce of the charity. Du rin8 the year no trustee or d irector h3d a ny sign if icant f inancial interest in the Lha ritv, REFERENCE AND ADMINISTRATIVE DETAILS Re8iStered Company number 03527445 IEngland and Wales) Registered Charlty number 1151273 Registered office 45 Sa ndhills Crescent Solihull West Midlands B913UE Page 2
The Eton Flves Association Limited Trustees, Report for the year ended 30 April 2024 Trustees M J Chinery M P Powell A J Barnes M J Beard A P W Blshop C E M Coolev C J Davies JRHO A C Lumbard E K Scoones S Tallor C M B Wllllams H M E Wlseman RKL Wood S A Woolfrles Chalrman Treasurer appolnted 26.09.23 appolnted 26.09.23 reslgned resi8ned 26.09,23 26.09.23 appolnted 26.09.23 appolnted 26.09.23 Presldent RNLBlack Vlce Pregldents R P F Barber P R Bowden C J Davles R A Dennls MRFenn R M Knlght G Strlnger J D Cvargas AR Wagg D Whltehead P5JWorth appolnted 26.09.23 Patron Slr lan Davls Company Secretary G J Hoskins Page 3
The Eton Fives Association Limited Trustees, Report for the year ended 30 April 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner D C Blofield WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Bankers Lloyds Bank PIC 75 Castle Street Farnham GU9 7LT This report has been prepared in accordance wlth the special provision5 Df Part 15 of the Companies Act 2006 relating to small companies, Approved by order of the board of t rustees on 8 September 2024 a nd signed on its beha If by: M J Chinery- Trustee Page 4
Independent Examiner's Report to the Trustees of The Eton Fives Association Limited Independent examlner's report to the trustees of The Eton Flves A550ciatlon Llmited I'the Company,) I report to the charity trustees on my exarnination of the accounts of the Company for the year ended 30 April 2024. Responslbllltles and basls 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 requlrements of the Companles Act 21)061'the 2006 Act,), Havln8 satlsfled myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for independent examlnatlon, I report In respect of my examlnatlon of your charlty's accounts as carrled out under 5ectlon 145 of the Charltles Act 20111'the 2011 Act,). In carrylng out my examlnatlon I have followed the Dlrectlons 8iven by the Charlty Commlssion under Sectlon 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve: accountln8 records were not kept In respect of the Company as requlred by Sectlon 386 of the 2006 Act; or the accounts do not accord wlth those records,. or the accounts do not comply wlth the accountlng requlrements of Sectlon 396 of the 2006 Act other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter consldered as part of an Independent examlnatlon; or the accounts have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by charltles lappllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlns Standard appllcable In the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters In connectlon wlth the exarnlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlns of the accounts to be reached. D C Blofleld WR Partners Chartered Accountants Belmont House Shrewsbury Buslness Park Shrewsbury Shropshire SY2 6LG 8 September 2024 Page 5
The Eton Five5 Association Limited Statement of Financial Activities for the year ended 30 April 2024 2024 Total funds 2023 Tota funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 35,410 31,538 66,948 117,499 Other trad ing activities Investment income 58,510 3,463 2,114 60,624 3,471 56,546 2,444 Total 97,383 33,660 131,043 176,489 EXPENDITURE ON Raislng funds Other trading activities Investment manageme,nt cost5 23,644 1,167 2,500 26,144 1,167 45,392 1,139 24,811 2,500 27,311 46,531 Charltable activitles Grant5 I,soo Other 46,203 53,430 99,633 124,093 Total 71,014 55,930 126,944 172,124 Net Ea in5111ossesl on investn)entS 10,953 10,953 14,2341 NET INCOMEIIEXPENDITUREI Transfers between funds 37,322 122,2701 122,2701 22,270 15,052 131 14 Net movement In funds 15,052 15,052 131 RECONCILIATION OF FUNDS Total funds brought forward 71,658 71,658 71,527 TOTAL FUNDS CARRIED FORWARD 86,710 86,710 71,658 The notes form part of these financial statements Page 6
The Eton Flves Association Llmlted Statement of Flnanclal Position 30 Aprfl 2024 2024 Total funds 2023 Total funds Unrestrlcted Restrlcted fund funds Notes FIXED ASSETS Tangible assets 1,266 1,266 1,666 CURRENT ASSETS Stocks Debtors Investments Cash at bank io li 12 6,815 37,585 129,156 13,604 6,815 50,627 129,156 97,225 13,042 45,773 115,759 21,578 83,621 187,160 96,663 283,823 191,554 CREDITORS Amounts fallln8 due wlthln one year 13 1101,716) 196,663} {198,379) 1121,562) NET CURRENT ASSETS 85,444 85,444 69,992 TOTAL ASSETS LESS CURRENT LIABILITIES 86,710 86,710 71,658 NET ASSETS 86,710 86,710 71,658 FUNDS Unrestrlcted funds 14 86,710 71,658 TOTAL FUNDS 86,710 71,658 The charltable company Is entltled to exemptlon from audlt under 5ectlon 477 of the Companles Act 2006 for the year ended 30 April 2024. The members have not requlred the company to obtaln an audlt of Its financlal statements for the year ended 30 Aprll 2024 In accordance wlth Section 476 of the Companies Act 2006. The trustees acknowledge their responslbilitles for (al ensurlng that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companles Act 2006 and Ibl preparing financial statements which give a true and falr view of the state of affalrs of the charltable company as at the end of each financial year and of its surplus or def icit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwlse comply wlth the requirernents of the Companies Act 2006 relatlng to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 7 continued.
The Eton Fives Association Limlted Statement of Financial Position continued 30 April 2024 These financial statements have beeri prepared in accordance with the provisions applicable to charitable companies subject to the sinall compai)ies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 8 September 2024 and weie sigiied on its behalf bv.. M J Chinery- Trustee The. notes forni part of these financial statements Page 8
The Eton Fives Association Limlted Notes to the Financial Statements for the year ended 30 Aprll 2024 ACCOUNTING POLICIES Basis of preparlng the financial statements The flnanclal statements of the charitable company, whlch Is a public beneflt entlty under FRS 102, have been prepared In accordance wlth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charltles preparing thelr accounts In accordance wlth the Flnancial Reportlng Standard applicable In the U K and Republic of Ireland IFRS 102) {effectlve l January 20191,, Financlal Reportlng Standard 102 'The Flnanclal Reporting Standard appllcable In the UK and RepublSc of Ireland, and the Companles Act 2006. The financlal statements have been prepared under the hlstorlcal cost conventlon. Income All Income Is recognlsed In the Statement of Flnanclal Actlvltles once the charlty has entltlement to the funds, it is probable that the Income wlll be recelved and the amount can be measured rellably. Expendlture Llabllltles are recognlsed as expendlture as soon as there Is a legal or constructlve obllgatlon commlttlng the charlty to that expendlture, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obll8atlon can be measured rellably. Expendlture Is accounted for on an accruals basls and has been classlfled under headlngs that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headln8S they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Grants offered subject to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. Tan8lble flxed assets Depreclatlon Is provlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful Ilfe. Marquee Flves ball mould and court plans stralght line over 3 years stralBht Ilne over 4 years Stock$ Stocks are valued at the lower of cost and net reallsable value, after makln8 due allowance for obsolete and slow movlng items. Taxatlon The charity Is exempt from corporation tax on Its charltable actlvltles. Fund atcountlng Unrestricted funds can be used In accordance wlth the charltable objectives at the dlscretlon of the trustees. Restrlcted funds can only be used for particular restrlcted purposes within the objects of the charity. Restrictions arise when speclfied 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. Page 9 continued...
The Eton Fives Association Limited Notes to the Financial Statements - continued for the year ended 30 April 2024 ACCOUNTING POLICIES . continued Pension costs and other post-retirement benefits The charitable com pany operates a def ined contribution pension scheme. Contributlons payable to the charitable company's pension scheme are cha rged to the Statement of Financial Activities in the period to which they relate. Flnanclal instruments The company has financial assets and financial liabilitles of a kind that qualify as basic financial instruments, Basic finar)cial assets, including trade other receivables and cash and bank balances are Initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evideiice of iinpairment. Any im pa irment is reco8nised in profit and loss. Financial assets are derecoEnised wheii (al a contractual rights to the cash flows from the asset expire or are settled, or Ibl substantially all the risks and rewards or control of the ownership of the asset are transferred to another partv, Basic flnancial liabilitie5 inclLidin8 trade and other creditors are initially recognised at transactlon price and subsequently carried at amortised cost. Financial liabilitle£ are derecognlsed when the Ilability Is extinguished, thal is when the contractual obligation is discharged, cancelled or expires OTHER TRADING ACTIVITIES 2024 2023 Sponsorshlps Revenue from good5 and events Coaching fees and playinE income Competition entry fees 27,360 16,262 720 16,282 16,846 20,840 635 18,225 60,624 56,546 INVESTMENT INCOME 2024 2023 Bank interest receivable Interest from HMRC 01) Gift Aid I ncome f rom U K listed investments 725 46 2,700 106 31 2,307 3,471 2,444 Page 10 continued...
The Eton Flves Association Llmlted Notes to the Flnan¢lal Statements . contlnued for the year ended 30 April 2024 INVESTMENT MANAGEMENT COSTS 2024 2023 Investment management fees 1,167 1,139 NET INCOMEI(EXPENDITURE) Net Income/(expenditure) Ss stated after char8ln8llcredltlngl: 2024 2023 Depreclation - owned assets Independent examination fees 1,000 1,590 1,000 1,470 Net 8alns/llosses) on Investments 2024 2023 Unreallsed 8alns/(losses) on valuatlon 10,953 14,234) TRUSTEES, REMUNERATION AND BENEFITS Remuneratlon totalllng £2,00012023 - £2,000) was pald to the treasurer of the charlty. No remuneratlon or other beneflts from employment wlth the charlty or a related entlty were recelved by the trustees durlng the year. Trustees, expenses No trustee expenses have been Incurred other than In the ordlnary course of buslness. Page 11 contlnued...
The Eton Fives Association Limited Notes to the Financial Statements continued for the year ended 30 April 2024 STAFF COSTS The average monthly i)u n)ber of employees du ring the year was as follows: 2024 2023 Adminlstrative Coaching Development officers No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE5 IJ nrestricted Restrlcted fund f unds Total funds INCOME AND ENDOWMENTS FROM Donations and le8acies 31,406 86,093 117,499 Other trading activities Investment Income 55,971 2,426 575 18 56,546 2,444 Total 89,803 86,686 176,489 EXPENDITURE ON Ralsln8 funds Other trad ing actlvlties Investment management costs 31,559 1,139 13,833 45,392 1,139 32,698 13,833 46,531 Charltable activities Grants 1,500 1,500 Other 41,907 82,186 124,093 Total 74,605 97,519 172,124 Net gainslllosse51 on investments 14,2341 14,2341 NET INCOMEIIEXPENDITUREI Transfers between funds 10,964 110,8331 110,8331 10,833 131 Net movement in funds 131 131 Page 12 continued,..
The Eton Fives Association Limited Notes to the Flnanclal Statements - continued for the year ended 30 Aprll 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 71,527 71,527 TOTAL FUNDS CARRIED FORWARD 71,658 71,658 TANGIBLE FIXED ASSETS Flves ball mould and court plans Marquee Trophles Totals COST At l May 2023 Addltlons 2,819 228 4,002 7,049 600 At 30 Aprll 2024 2,819 228 4,602 7,649 DEPRECIATION At l May 2023 Charge for year 2,819 228 2,336 1,000 5,383 1,000 At 30 Aprll 2024 2,819 228 3,336 6,383 NEf BOOK VALUE At 30 April 2024 1,266 1,266 At 30 Aprll 2023 1,666 1,666 Page 13 continued...
The Eton Fives Association Limited Notes to the Financial Statements - continued for the year ended 30 April 2024 io. STOCKS 2024 2023 Stocks 6,815 8,444 ii. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtor's Prepayments Accrued income 23,900 6,577 200 19,950 27,370 200 18,203 50,627 45,773 12. CURRENT ASSET INVESTMENT5 2024 2023 Llsted investments 129,156 115,759 The investments, which are listed on a reco8nised stock exchange, are now stated at market value. 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors Pension contributions Accrued expenses Deferred income 796 915 428 23,323 172,917 380 2,028 417 25,865 92,872 198,379 121,562 Deferred income represents subscriptions and grant income received in advance and is made up as follows: 2024 2023 Brought forward Additions during the year Amou nts released to incoine during the yea r 92,872 107,490 190,033 87,986 1109,9881 1102,6041 Carried forward 172,917 92,872 Page 14 continued.,.
The Eton Fives Association Umlted Notes to the Financial Statements - contlnued for the year ended 30 Aprll 2024 14. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 30.4.24 At 1,5.23 Unrestrlcted funds General fund 71,658 37,322 122,2701 86,710 Restrlcted funds 5 Star Project {22,270) 22,270 TOTAL FUNDS 71,658 15,052 86,710 Net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Galns and Movement losses In funds Unrestrlcted funds General fund 97,383 (71,014} 10,953 37,322 Restrlcted funds Westway 5 Star Project Newbury Project Jesters 5,819 23,341 2,000 2,500 15,8191 145,6111 12,0001 12,5001 122,270) 33,660 155,9301 (22,2701 TOTAL FUNDS 131,043 1126,9441 10,953 15,052 Page 15 continued...
The Eton Fives Association Limited Notes to the Financial Statements - continued for the year ended 30 April 2024 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movemenl ii) funds Transfers between funds At 30.4.23 At 1,5.22 Unrestricted funds General fund 71,527 10,964 110,8331 71,658 Restrlcted funds Westway 5 Star Project Jester5 13,3331 i 10,000 I 2,500 3,333 10,000 12,5001 110,8331 10,833 TOTAL FUNDS 71,527 131 71,658 Comparative net movement iri funds, included in the above are as follows.. Incoming resources Re50u rces expended Gains and Movement losses in funds Unrestrlcted fund5 General fund 89,803 174,6051 14,2341 10,964 Restrlcted funds Westwav 5 Star Project Newbury Project Jesters 31,140 51,046 1,500 3,000 134,4731 161,0461 11,5001 15001 13,3331 (10,000 I 2,500 86,686 197,5191 110,8331 TOTAL FUNDS 176,489 1172,1241 14,2341 131 Page 16 continued...
The Eton Fives Association Limited Notes to the Financial Statements - continued for the year ended 30 April 2024 14. MOVEMENT IN FUNDS- continued A current year 12 months and prlor year 12 months comblned position is as follows: Net movement In funds Transfers between funds At 30.4.24 At 1.5.22 Unrestrlcted funds General fund 71,527 48,286 (33,1031 86,710 Restrlcted funds Westway 5 Star Project Jesters 13,3331 132,2701 2,500 3,333 32,270 12,500> {33,1031 33,103 TOTAL FUNDS 71,527 15,183 86,710 A current year 12 months and prlor year 12 months comblned net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Galns and Movement losses In funds Unrestrlcted funds General fund 187,186 (145,619} 6,719 48,286 Restrltted funds Westway 5 Star Project Newbury Project Jesters 36,959 74,387 3,500 5,500 140,292) {106,6571 13,5001 {3,0001 {3,3331 132,2701 2,500 120,346 1153,4491 133, 103) TOTAL FUNDS 307,532 (299,068) 6,719 15,183 Page 17 continued...
The Eton Fives Association Limited Notes to the Financial Statements - continued for the year ended 30 April 2024 15. RELATED PARTY DISCLOSURES There were no relate.d party transactions for the year ended 30 April 2024. 16. COMPANY LIMITED BY GUARANTEE The company lias iio share capital but it is a charitable company liinited by guarantee. At 30 April 2024 there were 424 12023 4421 individual members, 26 12023 241 school member5 and 25 12023. 251 club members, each of whose liability is limited to £1. Page 18
The Eton Flves Assoclatlon Limited Detailed Statement of Financial Actlvltles for the year ended 30 April 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Glft ald Grants Subscriptlons 6,630 31,537 28,781 4,715 86,092 26,692 66,948 117,499 Other tradlng actlvltles Sponsorshlps Revenue from goods and events Coachlng fees and playln8 Income Competition entry fees 27,360 16,262 720 16,282 16,846 20,840 635 18,225 60,624 56,546 Investment Income Bank Interest recelvable Interest from HMRC on Glft Ald Income from UK Ilsted Investments 725 46 2,700 106 31 2,307 3,471 2,444 Total Incomlng resour¢es 131,043 176,489 EXPENDITURE Other tradlnB actlvltles Cost of merchandlse Sponsorshlp costs Competltlon expenses Coachln8 servlces and playlng costs Court development 15,949 1,799 8,233 163 18,399 16,846 8,127 20 26,144 45,392 Investment mana8ement costs Investment management fees 1,167 1,139 Charltable activities Grant5 to instltutlons 1,500 This pa8e does not form part of the statutoryfinancial statements Page 19
The Eton Fives Asso¢iation Limited Detailed Statement of Financial Activities for the year ended 30 April 2024 2024 2023 Charitable activities Other Wages Socia I security Pensions Professional fees Coaching services and playing costs Promotiona l expenses Westway other costs Newbury costs 5 Star project costs 5 Star Project - Holyport Centenary appeal 40,000 1,070 1,200 3,297 600 1,844 5,819 2,000 1,256 2,085 I,iio 63,893 3,102 1,972 216 1,793 9,752 3,467 60,281 84,195 Support costs Mana8ement Trustee5' fees Wages Social secu rity Pensions Offlce costs Insurance Website costs Motor and travel expenses Depreclatlon 2,000 26,132 526 784 220 3,254 414 2,001 1,000 2,000 24,498 1,069 735 215 2,974 2,903 1,495 1,000 36,331 36,889 Governance cost5 Accountancy Other flnancial costs 1,590 1,431 1,470 1,539 3,021 3,009 Total resources expended 126,944 172,124 Net income 4,099 4,365 Th is page does not form part of the statutory f inancia I statements Page 20