REGISTERED CHARITY NUMBER: 1157776 REPORT OF THE TRUSTEES AIYD . UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR DOVER SMART PROJECT Mccabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 IBL
DOVER SMART PROJECT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR FLYDED 31 DECEMBER 2024 Page Report of the Trustees llldependent Examlner's Report Statement of Flnaneial Activities BAIAnce Sheet Notes to the Financial Statements 8 to 14 Detalled Stat¢m¢nt of Flngnclal Activiti 15
DOVER SMART PROJECT REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECIMBER 21124 The trllstees present their report with the financial statcmcnts of thc charity for the year ended 31 December 2024. The trustees have adopted ihe provisions of AccA)unting and Rq)orting by Charities: Stsiement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effcLtivc l January 2019). OBJECTIVES AND ACTIVITIES ObJe¢tives and alms To advance education in the arls for tho public bcn¢fil. Particularly bul not exclusively by tho provision of art workshops, and ¢xhibilions of Ihc work that is produced. Dover SMART Project was founded in 2013 to provide opportunities for disadvantaged children in Dover lo tske part in a wide range of crealivc artivities and experiences to ljoost their confidence, enhance their wellbeing, raise their aspirations and widen their outlook on the world. The charity soon evolved and began similar WO with other groups, older nlembers of the comtnunity and hospice palients, uslng and creativity to support their various necds. Publi¢ bcnefit The trustees confimi that they havc complicd with thc dutics in Section 4 of the Charitics Act 2011 to have due regard to the Charity Conmiission's g¢n¢ral guidance on public bcncfit. W¢ hav¢ referred lo the guidance in th¢ Charity Commission 8¢neral guidance on piiblic benefit when revlewing our aims and objectives and in planning our tUre aclivities. In particular, the trustees consid¢r how plann¢d activities will ¢ontribute to the aims and obj¢clives that they have set. All our wmmunity projects continue lo run on a weekly basis for older people young carers, young carer parents and ncer support group We hf¢VC continucd to support local schools and othcr community groups in lo¢ initiatives including our Young Carers Awarcness Campaign. Wo continu¢ with our remolc 5llPPVrt prograTnmc, CT¢ative Care Packages, which arc distributed on a regular basis to over 200 youiig carer8. Our Community engageinent levels have continued to grow we have been involved in a numbcr of place makin8 iniliatiV¢8 using str¢¢l art. Th¢ number of b¢n¢fioiari¢8 Continues to grow on a weekly basis. Tli¢ charity relocated in summer 2024 10 a larger prcmiscs that we can now use to help geiieralc income throu8h the sale of art works in thc dcdicat¢d gallery 8pace, developing a shop and hiring Ihe space lo oiher communily groups for meetings and ev¢nls, Voliinteers We httve I I voliii)teers who help run groups, assist with commiinily projects and help willi ba¢kgrouiid i'ole8 Within the harity. We havc scen somc changcs to both the ttee board including ali appoiiiuneiil of a new chair and thc operational structure of the organsation. We now liave onc CEO and a dedicated charity ndilser who also mxnages administration. All poliLies and procedures cithcr have been reviewed or are being reviewed to r¢flect the growth and nccd uf the organsation. We have published a revised organisational stnicture. We continue lo be a Living wagc cmploycr. Page I
DOVER SMART PROJECT REPORT ofi THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AJYD PERFORMANCE Charitable activities The charity engaged with nearly 6000 people during 2024, through community events. schools engagement and rullning Tegular support groups. i.ition: We were finalists in the Kent charity of th¢ y¢ar iiwards. Youn Carers: Childreii in Need have on¢e again fijnded this aspcct of the project for the ncxt three years. We currently h&v¢ over 250 young carers registered, ranging from the ages of 5 to 18 attending. Weekly groups continue where our trained staff enrich the lives of these children wilh creative and wellbeing acÉiviti&8. The groups provide much needed opportunities for the children to jusl be children and to find friendship in othcrs who are experiencing the 8am¢ challenges. Funding from the National lottery will now enable u8 lo begin a saturday group for older youug ¢arers up to age 25. Ih¢ AJiT of A We now have over 40 participants enjoying our weekly intergenerational community group that focuses on reducing lonelincss and i801&lion for those over 65 and those living with dementia. We meel every Tucsday, in a relax atmosphere, wlieie people can drop in and have a cup of tea and tske part in 8 creative activity. There is a genuine s¢ns¢ of wcllbeing both from participants and ¢ar¢rs. Smart Bu - Roul¢ to Ha iness.. A thr¢¢ y¢or community cngagemcnl projcct, funded by The N&tional Lollery. Reaching Comniunilics nd, working with 6 lo1 ¢ommunili¢s to design and create artwoi'ks that will improvc public spaces thal Èirc often neglected and aff¢ctod by antisocial behaviour. This project continued in 2024 with a fresh thrw year Iranche of fiinding. nc rou Funded by Macmillan this was a new group started this year. We hold weekly infoiinal drop ins for anyone living with cancer and their families. We have support from Macmillan, as well as thc local Primaiy ¢are tsvsl. Partn¢rshlps; DoverILLLQog nica We hav¢ conliiiued Ihis relationship and are workiiig on a parth¢rship proj¢ct with the art stydcnts to creale a mentoring I woi'k experi¢n¢¢ pi'ogrammc. Local S.¢hools'. We have bcLn working with all our local schools thruiigh the Young Carers Awareness project, aiming for cvcry sGhool to become a Smart School Ilial has provision lo support young carer8. FINANCIAL REVIEW Reserves policy We have a Small Charities FiiiaDcial Controls policy, reviewed in May 2024. We Gontinue to build our finallcial i'eserves and we have remained re8ilienl throiighout the cost of living ¢risi.q and coiilinuc lo sourL'C funding successfiilly.The uiir&qlricted reserves held al'e less than in previous years due to costs InCu¢d moving premiscs but as of De¢einbei 2024 iliey are once agaiii increasing. Total reserves at the year end were £163,667 (2023 £131,292) of which £43,226 (2023 £54,008) were unrestricted and £120.441 (2023 - £77,284) were r&8tricted. 01 thc unrcytricled fuuds £36,548 (2023 - £37,106) had been desigoatcd for specilic pUoses, as detailed in nole 9 of the tiiiancial statements. Page 2
DOVER SMART PROJECT REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEIVIBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document, structure and management The charity is governed by the constitution adopted on 23 September 2013 and amended on 20 May 2014. The Irustees are responsible for the management and Mdministration of the charity, supported primarily by the Chief bxccutive and Chwity and Fundraising Manager.. The tNstees give their time freely and receive no remuneTation or other financial benefits. Trustees are 5el¢¢t¢d and appointcd by thc committee. All policies are being reviewed by n¢w tNstees from December 2024 and we cxpe¢t this process to be complete by next reporting period. We will include new infomialion and ¢hang¢s in ihe next report. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1157776 PrlnclpAI Address Smart Gallery 7 Bench Street DOVER Kent cr16 IJH Trii$tc¢$ A Hunlcr (rcsigncd 30.10.24) D Burton B Carini D Marriot {r¢signed 6.3.24) J Sarjeant (resigncd 29.5.24) D Smith M Witts (resigned 29.5.24) T Henley E Mit¢hell (appointed 30.10.24) B Wilson (appointed 30.10.24) R Whall¢y (appointed 30.10.24) H Russell {appoinled 30.10.24) H13unyard (appoii)tcd 30.10.24) J Smalley {appoinled 30.10.24) M Bayliss-stranks (appointed 30.10.24) Independent Examlner I D Pascall FCA Mccabe Ford William.% Chartered Accounlanls Charlion Hoii.%e Doiir Street DOVER Kent CT16 IBL Page 3
DOVER SMART PROJECT REPORT OF TWE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Barclays Bank PIC I Churchill Place LEICESTER Leiceslershirc LE87 2BB Sollcltor Aly Young Law 6 Mill Lane Shepherdswell DOVER Kcnt cr15 71J Other Advtsors Savills 33 Margaret Street LONDON WIGOJD SoGi&l Enlerpriso Kent CIC Thc Mai'igold C¢ntre 65 Shaftesbury Avcnue FOI.KESTONF. Kent CT194NS Chief Ex¢cutive Dawn Foiilkes Cllarlty and Fundralsiiig Maiiager Laura Hardy 1710712025 Approved by ordcr of Ilie board of Irusl¢es on . and signed on ils behalf by: T Henley- Tnistee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTKES OF DOVER SMART PROJEcr llldependent examiner's report to the trn$tee$ of Dover SMART Project I report to tb¢ C1]ty tLVStees on my examination of the accounts of Dover SMART Project (the Trnst) for the year ended 31 December 2024. Responsibilities and basis of report As the charity tLlJStees of the Trust you are responsibl¢ for th¢ pr¢paration of th¢ acwuuts. in accordance with th¢ requirements of the Charities Act 2011 Cth¢ A¢t'). I report in respect of my examination of the Trusvs acwunts Garri¢d out undcr Section 145 of the Art alld in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section E45(5)(b) of the Act. Independent cxamlner's statement Since your ¢hiirity'S gross in¢om¢ exceeded £250,000 your examTner must be a member of a listed body. I can confiim that I am qualified lo undertake the examination because I am a member of the In5titut¢ of Chartered Accountants in England and Wales, which is one of the listed bodies. I have coinpleled my examination. I confim that no material mallers have come lo my attention in ¢onne¢tion with the ¢xaming4tion giving mc cause lo bclieve that in any materipll re8pect: accounting records were not kept in respect of the TNst as required by Section 130 of the Act. or the accounts do not accord wlth those records. or the accounts do not comply with the applicable requirements conceming the fotTh and content of accounts set out in the Charities (Accoiinls and Repoits) RelIationS 2008 other thai) any reqiiircinciil that the accounts 8ivc a trne and fair view which is not a matter considered as part of an independent examination. I have iio concern8 and have come across no other matters in conncelion with the examination to which altenlion should bc drawn in this report in ord¢r to enablc 8 prop¢r undcrst8nding of th¢ a¢coiints lo be rcachcd. l D Pascall FCA Th¢ Instittil¢ of Chirtcred Accoiinlanls in England and Wales M¢Cab¢ Ford Williams Chartcrcd Accolinlants Charllon Hviis Dour Strcct DOVER Kent CT16 IBL Date.. Page 5
DOVER SMART PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total fldS 2023 Total funds Unrestiicted lunds R&8lricted funds Notes INCOME AND ENDOWMENTS FROM Donations and l¢ga¢i¢s 56,656 196,138 252,794 148,560 Other income 1,140 1,140 6,696 I'otal 57,796 196.138 253,934 155,256 EXPENDITURE ON Charitable a¢tlvfitles Art projccts 65,892 155,667 221,559 173.788 NET INCOMEI(EXPENDITURE) Transfers bclween funds (8,096) (2,686) 40,471 2,686 32,375 (18,532) Net movement In (und$ (10,782) 43,157 32,375 (18,532) RECONCILIATION ofi FUNDS Tolal funds brou8hi forward 54,008 77,284 131,292 149,824 TOI'AL FUNDS CARRIED FORWARD 43.226 120.441 163,667 131,292 The notes fonn part of these financial statsments Page 6
DOVER SMART PROJECT BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fLmds Restiicted fimds Notes FIXED ASSETS Tangible assets 1.310 26,120 27,430 34,288 CURREIYT ASSETS Debtors Cash al bank 13,690 34,340 2,098 92,223 15,788 126.563 103,518 48,030 94,321 142,351 103,5E8 CREDITORS Amounts falling due within one year (6,114) (6,114) {6,514) NET CURRENT ASSETS 41,916 94,321 136,237 97,004 TOTAL ASSETS LESS CURRENT LIABILITIES 43,226 I20,441 163,667 131,292 NET ASSETS 43,226 120,441 161,667 131,292 FUNDS Unrcstriclcd ndS Restricted funds 43,226 120,441 54,008 77,284 TOTAL FUNDS 163,667 131,292 'I'he fiiiancial slateinents were approved by th¢ Board of Tivstees and auihoris¢d for issue 1710712025 and wei'e signed on ils b¢half by.. on T Henley- Trustee The notes fonn parl of these financial stalements Page 7
DOVER SMART PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIIQBER 2024 ACCOULYfiNG POLICIES Basis of preparing the financial statements The fncIal statements of the charity, which is a publtc benefit entity uThdcr FRS 102, have been prepaTcd in accordance with Ihe Charilies SORP (FRS 102) 'Accounting and Reporting by Charities: Sialemenl of Rc¢ommcndod Practice applicable to charities preparing their a¢wunls in accordance with tho Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {ctfeclive l January 2019),. Finan¢ial Reporting Standard 102 Th¢ Financial Rqwrting Standard applicable in thc LTK and Republic of Ireland, and the Charilies Act 2011. The financial 8tatemenls have bccn prepared under ihe historical cost coiivention. There are no material uncertainties tliat may cast doubt upoii the charills ability lo continue as a going concern. Income All incom¢ is rccogniscd in thc Stat¢ment of Financial Activitics onc¢ the charity has entitlemcnt to the funds, it is probable that the income will be received and the amount can be measured reliably. Gift aid is recognised in the financial statements when received. No amounts are incliided in the financial statements for the services donated by volunlcers. Expendlture Liabilitics ai'¢ rccogniscd as expenditure as soon as there is a legal or conslNctive obligation commilting thc Lharity to th<lt ¢xp¢nditur¢. it is probliblo that a transfer of econoinic bcncfils will be i'equii'¢d in seiilement and the amount of ihe obligalion can be measured reliably. Expenditure is a¢counÉed for on an accruals basis and lias been ¢lassified undcr hc¢idings that &g¥regale all cosl related io the Latcgory. Wherc costs. Gannoi be directly attributed to particular headings they have been allocated lo activities 011 a basis consistent with the use of r&8ourcos. Taiigible fLxed #ssets Dcpreciation is provided at the following anniial rates in ordei. to wrilc off ea¢h asset over ils estimated useful life. Motor vehi¢le8 Compiiter equipment 20 /ty on reducing balancc 20 % on reducing balan¢¢ TAXltion The charity is ¢xcmpt from tax on ils charitable activitics. 411 J)d Aecoiiiitliig Unrestricted fuiids can be used iii accordancc wilh th¢ charitable obje¢tives at the discretion ofthe trnslces. Restricted funds can only be u8ed fDr particiilar rcslriclcd puiposes wilhiii (he obj¢¢ls of tlie chai'ity. Restt'iLlions ai'ise wl)en specified by the donoi- oi. wheii funds are raised for particular i'eslricled purposes. Further explanation ofihe nature and pwpos¢ of each fiind is included in the notes to the financial st&tements. Hire purchase and leasing commitments Rentals paid linder operating leases are ¢hargcd to thc Sidlement of Financial Activities on a straight line basis ovcr the period of the lease. Page 8 ¢onliniied.
DOVER SMART PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 21124 TRUSTEESI REMUNERATION AND BENEFITS There were no trustees, remunerntion OT Other benefits for the ycar ended 31 December 2024 nor for the y end¢d 31 December 2023. Trnst¢es' expenses There wer¢ no Itees, expenses paid for the year ended 31 December 2024 nor for the year endcd 31 December 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 2023 Chief execlllives Charity and fundraising mallag¢r Other No employees received eniolumenls in excess of £60,000. COMPARATIVES FOR THEI Sl'AI'LMLI NT ofi fi INANCIAL ACTIVITifi S UnreslriLtcd funds RcstriLlcd funds Total funds INCOMfi AND E4 IYDOWMEN'fs FROM Donmtions and legacles 64,589 83,971 148,560 Oilier incomc 3,772 2,924 6,696 Total 68,361 86,895 155,256 EXPENDITURE ON Charltable actlvltles Ait projects 72,170 101,618 173,788 NET INCOMEI(tI XPEI IYDITUIIE) TrAn$fers betiveen fuilds (3,809) (3,704) (14,723) 3,704 (18,532) Net movement in fiinds (7,513) (11,019) (18,532) RECONCILIATION OF FUNDS Total funds broiighi forward 61,521 88,303 149,824 TOTAL FUNDS CARIUED foRWARD 54,008 77,284 131,292 Page 9 ¢on¢inued...
DOVER SMART PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ElED 31 DECEMBER 2024 TANGIBLE FJXED ASSETS Motor vehicles Computer cquipment Totals COST AÈ l January 2024 and 31 Dccombcr 2024 48,014 2,048 50,062 DEPRECIATION At l January 2024 Charge for ye&r 15,364 6.530 410 328 15,774 6,858 At 31 De¢emb¢r 2024 21,894 738 22,632 NET BOOK VALUE At 31 December 2024 26,120 1,310 27,430 At 31 December 2023 32,650 1,638 34,288 DEBTORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2024 2023 Siindry debtors Prepayments 13,448 2.340 15,788 CREDITORS: AMOUIYTS FALLING DUE WII'IIIN ONE YEAR 2024 2023 Sundry creditors and acL'iuals 6,114 6,514 LEI ASING AGREI NTS Minimuni lease paynienls under non-cancellable operatin8 lea8es fall dlie as follows.. 2024 2023 Wiiliin one year Between one and five years 8,500 9,570 18,070 Page 10 continii¢d...
DOVER SMART PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued FOR'fHE YEAR ENDED 31 DECEMBER 21124 MOVEMENT IN FUNDS Net movement in funds Transftrs between funds At 31.12.24 At l.l.24 Ujjrestricted funds Gencral fund Young Carers Vehicles Womcn & girls Fundraislng Cancer support Oulreacb woi'k 16.902 20,495 8,313 2,657 5,796 (155) (26.660) (21,821) {2,455) (55) 27,976 16,436 (39) 6,678 (1,365) 5.858 2,602 14,534 (19,238) 155 14,919 14,919 54,008 (8,096) (2,686) 43,226 Restricted funds SMART Voice Smart Age1 Smart Knickers Art of Age Sui)dry projects Vehicles Young 'erS Young cai'ers parents Can¢ei' work Gallcry Organisalion development Oiilrc&ch work 49 (49) 1.790 1,790 362 15,162 2,180 32,650 26,881 (362) (1,057) 237 20 (121) (12,678) {1,130) {6,550) 50,336 5,411 6,021 (6,910) 3,375 806 1,427 1,287 26,120 77,096 5,411 5,865 (2,672) 3,311 806 (156) 4,238 (64) 77,284 40.471 2,686 120,441 TOTAL FUNDS 131,292 32,375 163,667 Pagell continiied...
DOVER SMART PROJECT NOTES TO THE FINANCIAL STATLENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incorning r¢sources Resources oxpond¢d Movement in thiids Unrestricted funds GeneraI fund Young Carers Vehi¢l¢s Women & girls Fundraising Outreach work 4,391 639 (3t,051) (22,460) (2,455) (655) (4,190) (5,08 l ) (26,660) (21,821) (2,455) (55) 27,976 14,919 600 32,166 20,000 57,796 (65,892) (8,096) Rcstricted funds Smart AJ)gel Ait of Age Sundry projccts Vehicles Young carers Young ¢arers parents CanLcr work G411ery Organisation dcvclopmcnt Oulr¢a¢h work 9,787 2.152 5,000 (7,997) (14,830) (6,130) (6,550) (74,283) (11,635) (337) (30,954) (1,587) (1,364) 1,790 (12,678) (1,130) (6,550) 50,336 5,411 6,021 (6,910) 3,375 806 124,619 17,046 6,358 24,044 4,962 2,170 196,138 (155,667) 40,471 TOTAL Tr UNDS 253,934 (221,559) 32,375 Page 12 continiied...
DOVER SMART PROJEcr NOTES TO TEIE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- contlnued Comparatives for movement In funds Net mgvement in funds TransfeTS between funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Young Carers Vehicles Women & girls Fundraising Cancer support 29,013 19,966 9.360 1,871 1,311 (8,982) 690 (1,047) 786 4,899 (155) (3,129) (161) 16,902 20,495 8,313 2,657 5,796 (155) (414) 61,521 (3,809) (3,704) 54,008 Restrlcted funds sniART Voice Smart Knickers Art of Agc Suiidry projects Vehicles Young ¢ar¢rs 49 (1,869) 7,042 1,353 {8,332) (12,966) 49 362 15,162 2,180 32,650 26,881 731 7,938 827 40,812 37,995 1,500 182 170 1,852 88,303 {14,723) 3,704 77,284 TO'tAL FUIYDS 149,824 {18,532) 131,292 Comparativ¢ net movemeiit in funds, in¢luded in the above air as follows.. Incoming rcsoiircos Rcsourccs expended Movcmcnt in funds Unrestricted fiinds (7eneral fund Young Carcrs Vehiclcs Women & girls Fundraising Cancel. 8UPPOrt 14,618 37,703 (23,600) (37,013) (1.047) (314) (10,041) (155) (8,982) 690 (1,047) 786 4,899 (155) 1.100 14,940 68,361 (72,170) (3,809) Restrleted fun(Is SMART Voice Smart Knickcrs Art of Age Siindry projccts Vehicles Young tr$ 6,978 700 21,459 6,143 (6,929) (2,569) (14,417) (4,790) (8,332) (64.581 } 49 (1,869) 7,042 .353 (8,332) (12.966) 51,615 86,895 (101,618) (14,723) TOTAL FUNDS 155.256 (173.788 } (18.532) The restricted Vehicl¢s fund r¢presents the net b(K)k value of a van purchased iising restricted donations and grants. Page 13 ¢on¢inued...
DOVER SMAJiT PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- contlnued The Outreach fvnds represent grants and donations received to fund art work and murals in extemal spaces in the local are The Smart Angel fund is for a wollboing co-ordinator for the elderly community. The Gallery fund represenls a granL received to COV tho lljng ¢ost5 Qf the new gallery. Further infonngltion on th¢ tIVItieS related to the funds can be seen in the Report of the Tmstccs. io. RELATED PARTY DISCLOSURES There were no related party tr]SactionS for the year ended 31 December 2024. Page 14
DOVER SMART PROJECT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR I'HE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and l¢gacics Donations Gfftft Aid Grants 28.372 9,271 215,151 61,023 5.165 82,372 252,794 148,560 Other Income Oiber income 1,140 6,696 Total Incomlng resovrces 253,934 155,256 EXPENDITURE ChrItable activltfi¢$ Wages Rent Rales and watcr Insurance Lighi and heat Telephone Postage and slatiuncry Ai'l and proj¢cl cxp¢AIs¢s Siibscripl'ions Molor expenses Training B41nk chargcs Motor vehicles depreciation ComputL'r cquipmeiil depreciation 116,423 9,690 58 2,100 643 1,586 966 63.250 3,680 5,109 1,739 37 6,530 328 103,618 2,205 950 1,684 293 925 1,961 38,092 2,456 4,579 1,040 220 8,162 410 212,139 166,595 Support e05ts Govei'nfince costs Accounl'ancy aiid legal fecs Independent examiners fees 7,320 2,100 5,033 2,160 9,420 7,193 Total resources expended 221,559 173.788 Net illcomel(expenditiire) 32,375 (18,532) This page does not fonn part of the statiitoiy financial stat¢ments Pag¢ 15