REGISTERED COMPANY NUMBER: 08413881 (England and Wales) REGISTERED CHARrrY NUMBEIL" 1154278 HEALTHWATCH DERBYSHIRE LTD REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HEALTHWATCH DERBYSHIRE LTD CONTENTS OF THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pa9e Report of the Trusteos 1 to 4 Independent Examiner's Report Statement of Financlal Activilies Balance Sheet Cash Flow Statement Notès to the Cash Flow Ststement 10 Notes to the Flnancial Statements 11 to 17 Detailed Slatement of Financial Activities 18 10 19
HEALTHWATCH DERBYSHIRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial stalements of the charity for the year ended 31 Mar¢h 2024. The trustees hav8 adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliG8ble In Ihe UK and Republic of Ireland (FRS 102) (effectlv& 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The organisation aims to be a strong. independent. and effective champion for people that use health and social Ca services. The organisalion will continue to influence heallh and care services and seek to impiove joilled-up care for the people of Derbyshire. Its aims and obje¢tives are: 1. To be an independent. free-standing body that is respected for tts independenfje and trusted by residents and stakeholders. 2. To enable people to share thelr vlews and wncerns about their loGal health and social cat8 services. 3. To provide a health and social care information and signposting setvice for the people of Derbyshire. 4. To give authoritalive, eviden¢e-based feedback to organisations across the health and care system as a valued system partner. 5. To be an exemplary Healthwatch that is a valued. authoritalNe organisation within the health and care system. 6. To address emerging igsues by being flexible. responsive, and agile. 7. To actively highlight inequality. and pay attenlton lo the voices that can most struggle to be heard. 8. To Influen servico development across health and care servicos by representing the views of people in Derbyshire. 9. To extend reach across Derbyshire. through local champions. 10. To liaise with and alert local and national stakeholders of health and social care service concerns. 11. To operate as a viable. sustainable entity, that is strong, well-led, and well-governed. 12. To use our human and financial resources a way that achieves the greatest impact. 13. To be a great pla to work and volunteer. 2$ an organisation that demonstrates through action the value it places on our staff and our volunteers. Public benefit The charitys Trustees have had due regard io the public benefit guidance published by th8 Charity Commission. The organisatfon woths towards a vision to see consumers of health and $o¢ial care sthices being put centre stage so that service providers and commissioners listen lo what they have to say and use their voices to shape. inform and influence seiCe delivery and design. Page 1
HEALTHWATCH DERBYSHIRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE The work of Heallhwalch Derbyshire is achieved by. - Exploring key topics and themes, and plannlng engagement to collect insight. Routlnely sharing patient feedback with organisations, to help improve how seNices are delivered and designed. - Writing reports on specific topics. containing recommendations for improvement to have itnpact. Representing the volce of patients in key slralogic mgetings in the health and Care system - Running a programme of activity for EntBr and View Representatives. who can visit and observe hgatth and care sethngs and write a report. Developing communication systems lo collect feedback, report on our activity and outcomes, and ralse awareness of the Local Heallhwatch movement. -Promoting collaborative working with other organisations in the health and care Swem. This year, our work has covered topics such as accessing an NHS dentist, accessing GP appointtnents, experiences of patients at inpatient mental health units, 2nd discharge from hospital. Our volunteèrs have also been involved in activity such as delivering presentations in their local communities, and improving a¢sS to infoimalion about the NHS for asylum seekers. FINANCIAL REVIEW Principal funding sources The principal funding source for the organisation comes from a contract with Derbyshire County Council to perfom the Healthwatch statutory funct¢on. Such income is classified as unrestrtcted funds. During this perlod funds have also been received from NHS Derby arKI D&rtiyshire to run a Mental Health Engagement Service, and the Living Well Engagement servi these funds are restricted. Healthwalch Derbyshire had a total income of £512,176 for the year ended March 2024. wotking to ensure value for money and effective use of our resources. Reserves Policy Healthwatch Dert)yshire's Board of Directors recognlse that to demonstrate prudent financi81 management a sum of money, identiffed as reserves, must be maintained. These reserves are retained to demonstrate resilience and ensure the sustainability of He$llhw8tch Derbyshire's mission and services. to rnonage risks associated with unexpected changes in income or expenditu, and to tske advantage of new oppothnities in accordance with Healthwatch Derbyshire's objectives. Reserves wll be identified to ensure Healthwatch Derbyshire can salisfy legal obligations to staff. suppliers. funders and others In the ev6nt ol closure of the organlsalion. Three months of operational costs should ideally be maintained as unrestrictèd funds in order to meet the Charity's objectivés. The unrestrictèd resenjos held St 31 March 2024 were 73,204 <2023 - £94,153} equate to at least three months of operational costs based on projected expenditure. Restricted Funds During the year, the charity recelved restricted funds of 191,062 to run the Mental Health Engagement Service and Livin9 Well Contract. These are both engagem6llt servlces for Mental Health Setvice Receivers and their car8rs. Operating Efficiency Hea5thwatch Derbyshire has effective governance and monitoring systems in place, overseen by the Finan & Audit and Govemance subgfOUPS of the Board. Page 2
HEALTHWATCH DERBYSHIRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing doGument The charity was originally incorporated under the Companies Act 1985 on 21 February 2013 as a company limited by guarantee and is governed by its Memorandum and Articles of AssoGiation which were amended by speaal resolution on 9 July 2013. It was registered as a charity on 18 October 2013. Recruitment and appointment of new trustees A director (who also serves as a trustee and management group member) must be aged 18 years or older. Directors are appointed at the Annual General Meeting or by other directots. For full details of the appointment and duttes of directors please refer to the Articles of Association. Organisational structure The Trustees delegate management responsibilities to the Chief Executive, and also delegate certain functions to subgroups. Each subgroup has specific temis of reference and a chair appointed by the truslees. This delegation is controlled by requiring regular reporting from the Chief Executive and the sub<ommittees to the Board of Trustees. Trust6es acknowledge that such a system is deslgned lo manage rather than eliminate the risk of failure to achieve Heallhwatch Derbyshire's charilablg purposes, and can only provide reasonable and not absolute assuran against material misstatement or loss. Through the oversight of both the Finance and Audit, and the Govgmance subcommittees. Trustees review the effectrieness of the syslem of intemal control and risk management. Wlder network Healthwatch Derbyshire is part of a national nelwor1( of HeaSthwatGh organisations in England. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08413881 {England and Wales) Reglstered Charity number 1154278 Reglstered office Unil 14 Riverside Business Centre Foundry Lane Mllford Derbyshi DE56 ORN Trustee$ Mrs D Gould Mr T M Broadley Mrs H Parry-Payne MrA Garrett Dr F Marshall Mrs H Sevems Dr J Hall {appoinlod 12.6.231 Mrs V Sweetmore (appointed 12.6.23) Mr C Hardman {appointed 12.6.23} Page 3
HEALTHWATCH DERBYSHIRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE ANO ADMINISTRATIVE DETAILS Indepèndent Examiner G S Gilbert FCA CAMERON HUGHES LTD Chartered Accountsnts 16 Jubilee Parkway Jubilee Business Park Derby Derbyshire DE214BJ Approved by order of the board of trustees on 10 June 2024 and signed on its beha by-. Mrs D Gould - Truste Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEALTHWATCH DERBYSHIRE LTD Independent examiners report to the trustees of Healthwatch Derbyshire Ltd I'tha Company,) I report to the charity trustees on my examinatlon of Ihe accounts of the Company for the year endeLI 31 March 2024. Responsibilitigs and basis of report As the charity's trustees of the Company land also its directors fi)r the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the quirementS of the Companies Act 2006 I'lhe 2006 Acr). Having sat¢sfied myseff that the a¢¢ounts of th& Company are not required to be audited under Part 16 of the 2006 Act and a eligible for independent examination, I report in respect of my examination ot your charitrfs aOnts as carried wt under Section 145 of the Charib'es Act 2011 I'the 2011 AcV}. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (bl of the 2011 Independent examine$ statement Since your charitys gross income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that l am qualified to und8rtake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which Is one of the listed b¢xlies. I have completed my examination. I conflmi that no m8tters have come to my attention in connection with the examination givlng me cause to believe: accounting records weffj not kept in respect of the Company as required by Section 386 of the 2006 Act, or the accounts do not accor(I wtlh those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts glve a true and fair view which is not a matter consSdered as part of 8n independent examinatson: or the accounts have not been prepared in aGGordance 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 cOnrnS and have come across no other matters in connection with the examination to which attention should ba drawn in this report in order lo enable a proper understandlng of the accounts to be reached. G S Gilbert FCA CAMERON HUGHES LTD Chartered Accountants Derby Page 5
HEALTHWATCH DERBYSHIRE LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total nds 2023 Total funds Unrestricted fvnd Restrrcted funds Notes INCOMEAND ENDOWMENTS FROM Donalions and legacies 321.114 191,062 512,176 408,783 Invesbment income 6.698 6.698 1.215 Total 327,812 191.062 518,874 409.998 EXPENDITURE ON Charitable activities Cost of provtsion of servi$ 342.994 159.269 502,283 442,925 Other 5,767 3,564 9.331 13,384 Total 348.761 162,833 511,594 456.309 NET INCOMEI{EXPENDITUREI 120,949) 28,229 7,280 (46.3111 RECONCIUATION OF FUNDS Totsl funds brought fomard 94,153 56,712 150.865 197.176 TOTAL FUNDS CARRIED FORWARD 73.204 84,941 158,145 150.865 The notes form part of these financial statements Page 6
HEALTHWATCH DERBYSHIRE LTD BALANCE SHEEr 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assets 6,892 7.490 CURRENT ASSETS Debtors Cash at bank and in hand fjo 28,690 125,359 16,728 131.965 154.049 148.693 CREDITORS Amounts falling due within one year 11 12,796) {5,3181 NEf CURRENT ASSETS 151.253 143,375 TOTAL ASSETS LESS CURRENT LIABILITIES 158,145 150.865 NET ASSETS 158,145 150,865 FUNDS Unrestricled funds Restricted funds 13 73.204 84,941 94,153 56,712 TOTAL FUNDS 158,145 150,865 The charitable MpanY is entitied to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtsin an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring that th8 charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and faif view of the state of affairs ol the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sections 394 and 395 and which othetwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. {b} The notes form part of these financt81 statements Page 7 ¢ontinued...
HEALTHWATCH DERBYSHIRE LTD BALANCE SHEEf- COAtinued 31 MARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trusteas and aulhorised for issue on 10 June 2024 and were signed on its behaFf by-. Mrs D Goukl- Trustee The notes fom part of these financial statements Page 8
HEALTHWATCH DERBYSHIRE LTD CASH FLOW STATEMENT FOR THE YEAR ENDEts 31 MARCH 2024 2024 Notes 2023 Cash flows from operating activlties Cash generated from operationg (7,518) {137,864) Net cash used in operating activities {7,5181 1137.8641 Cash flows from investing activities Purchase of tangible fixed assets Interest received {5.7861 6.698 {6,667) 1.215 Net cash provided byl(used in) investing activities 912 15,4521 Change in cash and cash equivalents In the reporting period Ca$h and cash equivalents at the beginning of the reporting period (6,606) 1143.316) 131,965 275,281 Cash and cash equivalents at the end of the reporting period 125,359 131.965 The notes form part of thes& financial statements Page 9
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomel(expendlturel for the reporting period (as per the statement of Financlal Adivities) Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest received Increase in debtors Decrease in creditors 7.280 {46.311) 5.835 549 (6,698} (11,962} 12.5221 5,300 416 (1,215} (16,7281 (79,3261 Net cash used in operatlons {7.518} (137,864) ANALYSIS OF CHANGES IN NET FLINDS At 1.4.23 Cash ffow At 31.3.24 Net cash Cash at bank and in hand 131.965 {6,606) 125,359 131.965 (6,606} 125.359 Total 131.965 {6,606) 125.359 The notes fo part of these financial statements Page 10
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the finanGial statements The financial statements of the charitable company. which is a public benefit enlity under FRS 102, have been prepad in accordance with the Charities SORP IFRS 102) 'ACUnting and Reporting by Charities.. ststement of Recommended Practice applicable to charib'es preparing their actounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 20191,, Flrianaal Reporting Standard 102 'The Financial Reporting Standard appllcable in the UK arid Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All InMe is recognised in the Statement of Financial ActiV6ties once the charity has enliuement to the funds. it is probable that the income will be received and the amount be measured reliably. Expenditure Liabilities are recognised as expendilure as soon as there is a legal or construclive obligatson committing the charity to that expenditure, it is probable that a transfer of economic benèfits will be required in settlement and the amount of the oblfgation can be measured reliably. Expenditure is accounted for on an amals b2Si5 and has been classified under headings that aggregate all cost related to Ihe category. Whefy costs cannot be directly attributed to particular headings they have b88n allocated lo activities on a basis consistent Wtih the use of resourGos. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its eslimaled usefvl life. Fixtures and fittings Computer equipment 200A on reducing balance 33Vo on cost Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of Ihe ¢harity. Restrictions arise when speGtfied 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. Hlre purchase and loasing commltments Rentals paid under operats'ng leases a charged lo the Statement of Financial Activities on a straight line basis over the peri(Kl of the lease. Pension costs and other postwretir&mont benefits The Gharitable company operates a defined contribution pension scheme. Contributions payable lo Ihe charitable company's pension scheme are tharged to the Ststement of Financial Activities in the pptiod to which they relate. Page11 continued...
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Grants 512.176 408,783 INVESTMENT INCOME 2024 2023 Deposit account interest 6.698 1.215 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Cost of provision of servlces 413.451 88.812 502.263 SUPPORT COSTS ITfformation technology Governance costs Management Finance Totals Other reSoUrS expended Cost of provision of seNices 5.905 3,428 9,331 81,154 905 4,313 88,812 87,059 905 2,440 7.739 98,143 NET INCOMEI(EXPENDITURE) Nel incomel(expenditure) Is staled after charging/(creditlng)= 2024 2023 Depreciation - owned assets HI of plant and machinery Deficit on disposal of fixed assets 5,835 296 549 5,300 122 416 Page 12 continued...
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunerauon or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. exponses Travel costs amounting to £126 (2023 - £226} were re1mbud to 1 12023 - 1) tNstees during the year ended 31 Marth 2024. STAFF COSTS 2024 2023 Wages and salaries other pension costs 362,720 16,949 321,223 14,979 379,669 336.202 The average monthty number of employees during the year was as follows.. 2024 16 2023 15 Charitable activities No employees received emoluments tyi excess of £60,000. TANGIBLE FIXED ASSETS FiXLUs and fittings Computer equipment TotaL8 COST At 1 April 2023 Additions Disposals 5,989 55,008 5.786 139,582) 60.997 5.786 {41.569) <1,987) At 31 March 2024 4.002 21,212 25,214 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 4.844 180 (1,7461 48.663 5,655 (39,2741 53.507 5,835 141.020) At 31 March 2024 3,278 15.044 18,322 NET BOOKVALUE At 31 March 2024 724 6,168 6,892 At 31 March 2023 1.145 6,345 7,490 Page13 continued...
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARGH 2024 10. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 28,690 16,728 11. cREDORS. AMOUNTS FALLING DUE WH1N ONE YEAR 2024 2023 Other creditors Accrued expenses 2.198 3,120 2,796 2.796 5,318 12. ANALYSIS OF NET ASSEfs BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Fixed assets CutTent assets Current liabilities 1.950 74,050 12,796) 4.942 79.999 6.892 154,049 {2,796} 7,490 148,693 (5,318) 73.204 84,941 158,145 150,865 13. MOVEMENT IN FUNDS Net movement in funds At 31.3,24 At 1.4.23 Unrestrlrted funds General fund 94.153 (20.9491 73,204 Restricted funds M8ntal Health Grant Living Well 43,972 12,740 22,340 5,889 66,312 18,629 56,712 28,229 84,941 TOTAL FUNDS 150,865 7,280 158,145 Page 14 continued...
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS-continued Net movement in funds, included in th8 above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fijnd 327,812 (348.7611 (20,949) Restrlcted funds Mental Health Grant Living Well 134.858 56.204 {112.518} 150,315) 22.340 5,889 191,062 (162.8331 28,229 TOTAL FUNDS 518.874 (511,5941 7.280 Comparatives for movamént in fvnds Net movem8nl in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 142.014 (47,8611 94,153 Restrlcted funds Mental Health Grant Living Well 55.162 {11.190} 12,740 43,972 12,740 55.162 1.550 56,712 TOTAL FUNDS 197,176 (46,3111 150.865 Page 15 contlnued...
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows- Incoming resources Resources experKled Movement in funds Unrestricted fund5 Generdl fund 308,079 (355,940) (47,861) Restricted funds Mental Health Grant Living Well 59,778 42.141 (70,968) (29.401) {11.190) 12,740 101,919 (100,369) 1,550 TOTAL FUNDS 409,998 (456.309) {46,311) A current year 12 months and prior year 12 months combined position is as follows- Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fur 142,014 (68,810) 73.204 Restrlcted funds Mentsl Health Grant Living Well 55.162 11.150 18.629 66.312 18,629 55,162 29,779 84,941 TOTAL FUNDS 197.176 139,031) 158,145 Page 16 continued...
HEALTHWATCH DERBYSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: In(x)ming resources ReSoUrS expended Movement in funds Unrestricted funds General fund 635.891 {704,701) (68,8101 Restricted funds Mental Health Grant Living Well 194.636 98,345 (183,486) {79.716) 11,150 18.829 292,981 (263,202> 29,779 TOTAL FUNDS 928,872 (967,903) (39.031) 14. RELATED PARTY DISCLOSURES There were no related pgty transactions for the year ended 31 March 2024. Page 17
HEALTHWATCH DERBYSHIRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Grants 512,176 408,783 Investment income Deposit account interest 6.698 1,215 Total incoming resources 518,874 409.998 EXPENDuRE Charitable activitiès Wages Pensions PubliGty costs Travel expenses Staff development costs Volunteer costs an(1 expenses Room hire Research activities 362.720 16,949 8,229 13,317 596 6,755 2,885 2.000 321,223 14.979 12,906 11.376 941 2,496 4.028 413.451 367,949 Support cost$ Management Hire of office equipment Insurance Light and heat T8lephone Postage and stationery Sundries Cleaning Rent IT support Subscripb'ons Board expenses Depreciation 296 2.624 730 8,999 1.220 15,606 2.985 12,540 30,253 5,845 126 5,835 122 4,575 998 7,932 607 13.081 682 12,330 29,744 5.295 226 5,300 87,059 80.892 Financè Bank charges Carried forward 356 356 295 295 This page does not form part of the statutory financial statements Page 18
HEALTHWATCH DERBYSHIRE LTD DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Flnance Brought fOard Logs on sale of tangible fjxed assets 356 549 295 416 905 711 Infomiation technology Repairs and renewals Govemance costs Accountancy fees Independent examineV5 fees HR professional fees 2.028 1,398 4,313 1.860 1,260 3,637 7,739 6,757 Total resources expended 511.594 456.309 Net incomel(expendlture) 7,280 (46.311) This page does not fonm part of the statutory financlal statements Page 19