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2025-08-31-accounts

COMPANY REGISTRATION NUMBER: 08260917 CHARITY REGISTRATION NUMBER: 1152296

Ladybird Forest Pre-School Ampthill Company Limited by Guarantee

Unaudited Financial Statements

31 August 2025

EXCEL ACCOUNTANTS (BEDS) LTD

Chartered accountants

Excel House 3 Duke Street Bedford MK40 3HR

.

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2025

Page
Trustees' annual report (incorporating the director's report) 1 - 3
Independent examiner's report to the trustees 4 - 5
Statement of financial activities (including income and
expenditure account)
6
Statement of financial position 7 - 8
Notes to the financial statements 9 - 17
The following pages do not form part of the financial statements
Detailed statement of financial activities 19 - 20
Notes to the detailed statement of financial activities 21

,

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 August 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2025.

Reference and administrative details

Registered charity name Ladybird Forest Pre-School Ampthill Charity registration number 1152296 Company registration number 8260917 Principal office and registered C/O Russell Lower School office Queens Road Ampthill Beds MK45 2TD The trustees Mrs S Pennock Mr L Haines Mrs N Sherry Mrs J Collins appointed 18/06/2025 Mrs J Breeden appointed 18/06/2025 Independent examiner Mrs S Camiah Excel Accountants (Beds) Ltd Excel House 3 Duke Street Bedford MK40 3HR

Structure, governance and management

The Pre-School is a charitable company governed by its memorandum and articles of association and it operates in accordance with its trust deed established by the Early Years Alliance. Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the articles of association. Day to day projects are managed and carried out by employees.

Objectives and activities

Ladybird Forest Pre-School Ampthill aims to provide a safe, secure and stimulating environment, and works within a framework which ensures equality of opportunity for all children and families. Ladybird Forest Pre-School Ampthill serves Ampthill and the surrounding area and all are welcome to join.

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2025.

1

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2025

Objectives and activities (continued)

The Pre-School is a charitable company governed by its memorandum and articles of association and it operates in accordance with its trust deed established by the Early Years Alliance.

Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the articles of association. Day to day projects are managed and carried out by employees.

Ladybird Forest Pre-School Ampthill aims to provide a safe, secure and stimulating environment, and works within a framework which ensures equality of opportunity for all children and families. Ladybird Forest Pre-School Ampthill serves Ampthill and the surrounding area and all are welcome to join.

Achievements and performance

The Pre-School continues to be popular, operating at full capacity for all sessions throughout the year and enjoys a healthy waiting list.

Air-conditioning units were installed in three rooms in 2024, with a final unit installed in February 2025. A new ramp and fencing were installed in the summer of 2025, made from composite materials for durability and ease of maintenance.

Fees and the contribution amount are reviewed annually, in line with the funding rate review schedule. In April 2025 the Pre-School introduced fees for 2 year old children, due to the different adult: child ratio. The use of funding is restricted to core hours, allowing the Pre-School to generate increased income from wraparound care.

In addition to the term-time offering, the Pre-School raised funds by providing Holiday Clubs for five weeks of the year, and also held fundraising events, including the Christmas Bazaar.

Financial review

The Pre-School recorded a profit for the year of £13,582. Overall income has increased as a result of an increase in fees, the local government funding rate, and the introduction of the new donation model, introduced in Summer 2022. However, staff costs increased by approximately £9,373 from the previous financial year and the cost of the refurbishments has impacted the net income.

Plans for future periods

There are further plans to extend the composite fencing, replace the gates, make improvements to the outside space and Forest School. In addition, the roof of the building will need to be replaced in its entirety at some stage in the future.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

2

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2025

The trustees' annual report was approved on ….................... 2026 and signed on behalf of the board of tr

Mrs J Breeden Trustee

3

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Ladybird Forest Pre-School Ampthill

Year ended 31 August 2025

I report to the trustees on my examination of the financial statements of Ladybird Forest Pre-School Ampthill ('the charity') for the year ended 31 August 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

Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of 'named body' which is one of the listed bodies.

4

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Ladybird Forest Pre-School Ampthill (continued)

Year ended 31 August 2025

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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; or

  4. 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

Mrs S Camiah

Excel Accountants (Beds) Ltd Independent Examiner

Excel House 3 Duke Street Bedford MK40 3HR

5

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 August 2025

2025 2024
Unrestricte
d funds
Total
funds
Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 247,853 247,853 248,463
Other trading activities 6 95,726 95,726 74,744
Investment income 7 582 582 458
Total income 344,161 344,161 323,665
Expenditure
Expenditure on raising funds:
Costs of other trading activities 8 1,684 1,684 4,893
Expenditure on charitable activities 9,10 328,894 328,894 332,459
Total expenditure 330,579 330,579 337,351
Net expenditure and net movement in
funds
13,582 13,582 (13,686)
Reconciliation of funds
Total funds brought forward 34,698 34,698 48,384
Total funds carried forward 48,280 48,280 34,698

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 17 form part of these financial statements.

6

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Statement of Financial Position

Year ended 31 August 2025

Note
16
17
18
19
20
22
Total charity funds
Fixed assets
Tangible fixed assets
Current assets
Stocks
Debtors
Unrestricted funds
Creditors: amounts falling
Funds of the charity
Cash at bank and in hand
Net current assets
Creditors: amounts falling
Total assets less current liabilities
Net assets
2025
2024
£
£
1,008
1,344


689

60,471
44,939
61,159
44,939
13,887
9,798
47,272
35,141
48,280
36,485
-
1,787
48,280
34,698
48,280
34,698
48,280
34,698

For the year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The statement of financial position continues on the following page. The notes on pages 9 to 17 form part of these financial statements.

7

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Statement of Financial Position (continued)

Year ended 31 August 2025

These financial statements were approved by the board of trustees and authorised for issue on …..................... 2026, and are signed on behalf of the board by:

Mrs J Breeden Trustee

The notes on pages 9 to 17 form part of these financial statements.

8

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 2025

1 General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is C/O Russell Lower School, Queens Road, Ampthill, Beds, MK45 2TD.

2 Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

9

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

10

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

3 Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable

For impairment testing of goodwill, the goodwill acquired in a business combination is, from

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

11

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

Financial instruments (continued)

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4 Limited by guarantee

The company is limited by guarantee and therefore has no issued share capital.

12

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

5 Donations and legacies

Donations
Core funding
Donations
Grants
Grants receivable
Unrestricted
Funds
Total Funds
2025
Unrestricted
Funds
Total Funds
2024
£
£
£
£
215,919
215,919
212,049
212,049
24,294
24,294
21,660
21,660
4,629
4,629
3,792
3,792
244,842
244,842
237,501
237,501

6 Other trading activities

Fundraising events
Fee income
Other income
Unrestricted
Funds
Total Funds
2025
Unrestricted
Funds
2024
£
£
£
£
28,023
28,023
32,622
32,622
70,549
70,549
53,084
53,084
164.07
164

98,737
98,737
85,706
85,706

7 Investment income

Unrestricted
Funds
Total Funds
2025
Unrestricted
Funds
2024
£ £ £ £
Bank interest receivable 582 582 458 458

8 Costs of other trading activities

Costs of other trading activities -
Membership schemes and social
Costs of other trading activities - Staging
events
Unrestricted
Funds
Total Funds
2025
Unrestricted
Funds
2024
£
£
£
£
964
964
762
762

720
720
4,131
4,131
1,684
1,684
4,893
4,893

13

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

9[Expenditure][on][charitable][activities] by fund

Activities undertaken directly
Support costs
Unrestricted
Funds
Total
Funds
2025
Unrestricted
Funds
Total
Funds
2024
£
£
£
£
274,078
274,078
261,089
261,089
54,816
54,816
71,370
71,370
328,894
328,894
332,459
332,459

10 Expenditure on charitable activities by activity type

Activities
undertaken
directly
Support
costs
Total funds
2025
Total fund
2024
£ £ £ £
Activities undertaken directly 274,078 54,816 328,894 332,459
**11 ** Analysis of support costs
Analysis of
support
costs
Total 2025 Total 2024
activity 1
£ £ £
Premises 36,772 36,772 44,576
Communications and IT 2,240 2,240 2,691
General office 3,053 3,053 4,630
Human resources 918 918 1934.1
Finance costs 447 447 407.03
Governance costs 1,810 1,810 2,723
Support costs
45,240 45,240 56,961

12 Net expenditure

Net expenditure is stated after charging/(crediting):

2025 2024
£ £
Depreciation of tangible fixed assets 336 5,891
Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,810 2,723

13 Independent examination fees

14

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

14 Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries
Social security costs
Employer contributions to pension plans
2025
2024
£
£
252,243
242,307
6,928
7,743
3,998
3,746
263,169
253,796

The average head count of employees during the year was 20 (2024: 20). The average number of fulltime equivalent employees during the year is analysed as follows:

Number of staff - Teaching staff
Number of staff - Administrative staff
2025
2024
No.
No.
18
18
2
2
20
20

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

15 Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

16 Tangible fixed assets

Cost
At 1 September 2024 and
31 August 2025
Additions
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Carrying amount
At 31 August 2025
At 31 August 2024
Stocks
Raw materials and consumables
Long
leasehold
property
Equipment
Total
£
£
£
210,900
6,711
217,611
Long
leasehold
property
Equipment
Total
£
£
£
210,900
6,711
217,611
210,900
6,711
217,611
210,900
5,367
216,267
336
336
210,900
5,703
216,603
1,008
1,008
1,344
1,344
2025
2024
£
£

17 Stocks

Raw materials and consumables

15

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

18 Debtors
Trade debtors
Other debtors
19 Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
20 Creditors: amounts falling due after more than one year
Bank loans and overdrafts
2025
2024
£
£
689


689
2025
2024
£
£
1,744
1,874
8,505
3,169
1,560
1,200
2,078
3,555
13,887
9,798
2025
2024
£
£

1,787

21 Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,998 (2024: £3,746).

16

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

22 Analysis of charitable funds

Unrestricted funds

General funds
Unrestricted fund
General funds
Unrestricted fund
At
1 September
2024
Income
Expenditure
At
31 August
2025
£
£
£
£
(118,415)
344,161
(330,579)
(104,833)
153,113


153,113
34,698
344,161
(330,579)
48,280
At
1 September
2023
Income
Expenditure
At 31 August
2024
£
£
£
£
(104,729)
323,665
(337,351)
(118,415)
153,113


153,113
48,384
323,665
(337,351)
34,698

23 Analysis of net assets between funds

Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
Unrestricted
Funds
Total Funds
2025
£
£
1,008
1,008
61,159
61,159
(13,887)
(13,887)

48,280
48,280
Unrestricted
Funds
Total Funds
2024
£
£
1,344
1,344
44,939
44,939
(9,798)
(9,798)
(1,787)
(1,787)
34,698
34,698

17

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Management Information

Year ended 31 August 2025

The following pages do not form part of the financial statements.

18

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 August 2025

Income and endowments
Donations and legacies
Core funding
Donations
Grants receivable
Other trading activities
Fundraising events
Fee income
Other income
Investment income
Bank interest receivable
Total income
2025
2024
£
£
215,919
212,049
24,294
21,660
4,629
3,792
244,842
237,501
28,023
32,622
70,549
53,084
164.07
98,737
85,706
582
457.84
344,161
323,665

19

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Detailed Statement of Financial Activities (continued)

Year ended 31 August 2025

Expenditure
Costs of other trading activities
Expenditure on charitable activities
Wages and salaries
Employer's NIC
Pension costs
Rates and water
Light and heat
Repairs and maintenance
Insurance
Other establishment
Motor vehicle expenses
Telephone
Other office costs
Depreciation
Interest on bank loans and overdrafts
Other interest payable and similar charges
Accountancy
Legal and professional fees
Donations
Miscellaneous expenses etc
Training
Staff uniform
Subscriptions
Learning equipment & consumables
Total expenditure
Net expenditure
2025
2024
£
£
1,684
4,893
252,243
242,307
6,928
7,743
3,998
3,746
1,229
1,188
2,392
2,153
25,913
34,403
3,537
3,593
3,701
3,238
10
17
1,616
2,158
1,437
2,472
336
5,891
212
180
447
407
1,810
2,723
2,005
4,106
170

2,779
2,666
918
1,934
1,915
1,146
6,239
4,268
9,059
6,119
328,894
332,459
330,579
337,351
13,582
(13,686)

20

Ladybird Forest Pre-School Ampthill

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities Year ended 31 August 2025

2025 2024
£ £
Costs of other trading activities
Costs of other trading activities - Membership schemes and
social lotteries
Fundraising costs 964 762
Costs of other trading activities - Staging events
Holiday club & forest school costs 720 4,131
Costs of other trading activities 1,684 4,893
Expenditure on charitable activities
Activities undertaken directly
Staff wages 252,243 242,307
Employer's NIC 6,928 7,743
Employer's pension costs 3,998 3,746
Regulatory fees 1,015 395
Interest on bank loans and overdrafts 212 180
Software & books etc. 624 599
Learning equipment & consumables 9,059 6,119
274,078 261,089
Support costs
Rates & water 1,229 1188.38
Light & heat 2,392 2,153
Repairs & maintenance 25,913 34,403
Insurance 3,537 3,593
Cleaning 3,701 3,238
Motor vehicle expenses 10 16.95
Payroll cost 990 996
Telephone 1,616 2,158
Printing, postage, stationery & advertising 1,437 2,472
Depreciation 336 5,891
Bank charges 447 407.03
Donations 170
Accountancy 1,810 2,723
Legal and professional fees 0 2,715
Miscellaneous expenses 2,155 2,067
Training 918 1,934
Staff uniforms 1,915 1,146
Subscriptions 6,239 4,268
54,816 71,370
Expenditure on charitable activities 328,894 332,459

21