||Page|| |---|---|---| |Report of the Trustees|1 t o|2| |Independent Examiner's Report|3|| |Statement of Financial Activities|4|| |B a l a n c e S h e e t|5|| |Notes to the Financial Statements|6 t o|1 4| |Detailed Statement of Financial Activities|1 5|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2 0 2 3|2 0 2 2| |---|---|---|---|---|---|---|---|---| ||||||U n r e s t r i c t e d|R e s t r i c t e d|T o t a l|T o t a l| ||||||f u n d s|f u n d s|f u n d s|f u n d s| |||||N o t e s|£|£|£|£| |I N C O M E
A N D
E N D|O W M E N|T S|F R O M|||||| |Donations and legacies|||||2 9 0 , 3 1 7|103,191|393,508|293,771| |Other trading activities||||2|6 , 5 7 9|5 8 1|7 , 1 6 0|8 , 4 0 3| |I n v e s t m e n t i n c o m e||||3|8,371|3 , 0 1 3|11,384|2 3 , 8 2 2| |T o t a l|||||305,267|106,785|412,052|325,996| |E X P E N D I T U R E
O N||||||||| |C h a r i t a b l e a c t i v i t i e|s|||||||| |To Advance The Christian Religion of The||||||||| |C h u r c h i n W a l e s|||||3 8 2 , 1 6 9|170,166|5 5 2 , 3 3 5|6 9 8 , 1 7 8| |Net gains/(losses) on investments|||||5 3 , 8 2 0|18,637|72,457|(114,074)| |NET INCOME/(EXPENDITURE)|||||(23,082)|(44,744)|(67,826)|(486,256)| |T r a n s f e r s b e t w e e n|f u n d s|||1 1|6 8 , 5 2 9|(68,530)||| |N e t m o v e m e n t i n f|u n d s||||4 5 , 4 4 7|(113,274)|(67,826)|(486,256)| |R E C O N C I L I A T I O N|O F
F U N D S|||||||| |Total funds brought|forward||||7 3 4 , 1 3 7|4 5 3 , 9 5 5|1,188,092|1,674,348| |T O T A L
F U N D S
C A|R R I E D|F O R|W A R D||7 7 9 , 5 8 4|340,681|1,120,265|1,188,092| ## |||||2 0 2 3|2 0 2 2| |---|---|---|---|---|---| |||U n r e s t r i c t e d|R e s t r i c t e d|T o t a l|T o t a l| |||f u n d s|f u n d s|f u n d s|f u n d s| ||N o t e s|£|£|£|£| |F I X E D A S S E T S|||||| |Tangible assets|7|2 2 8|125,252|125,480|125,790| |I n v e s t m e n t s|8|7 1 6 , 3 5 7|7 0 , 1 0 2|7 8 6 , 4 5 9|8 7 2 , 7 9 4| |||7 1 6 , 5 8 5|195,354|9 11 , 9 3 9|9 9 8 , 5 8 4| |C U R R E N T
A S S E T S|||||| |S t o c k s|9||3 , 1 3 0|3,130|| |Cash at bank and in hand||6 4 , 4 1 9|142,197|206,616|3 7 6 , 6 5 0| |||6 4 , 4 1 9|145,327|2 0 9 , 7 4 6|3 7 6 , 6 5 0| |C R E D I T O R S|||||| |Amounts falling due \within one year|1 0|(1,421)||(1.420)|(187,142)| |N E T C U R R E N T A S S E T S||6 2 , 9 9 8|145,328|2 0 8 , 3 2 6|189,508| |TO TA L A S S E T S L E S S C U R R E N T L I A B I L I T I E S||779,583|3 4 0 , 6 8 2|1,120,265|1,188,092| |N E T
A S S E T S||779,583|3 4 0 , 6 8 2
i|1,120,265|1,188,092| |F U N D S|11||||| |U n r e s t r i c t e d f u n d s||||7 7 9 , 5 8 3|7 3 4 , 1 3 7| |R e s t r i c t e d f u n d s||||3 4 0 , 6 8 2|4 5 3 , 9 5 5| |T O T A L
F U N D S||||1,120,265|1,188,092| ## ## ## ## ## ## |Plant and machinery|25% on reducing balance| |---|---| |Equipment|25% on cost and 20% on reducing balance| ## ## ## ## |E R T R A D I N G A C T I V I T I E S||| |---|---|---| ||2 0 2 3|2 0 2 2| ||£|£| |Money raising|5 , 3 1 6|6 , 4 2 3| |F e e s|1,844|1 , 9 8 0| ||7 , 1 6 0|8 , 4 0 3| ## ## ## ||||2 0 2 3|2 0 2 2| |---|---|---|---|---| ||||£|£| |Deposit|account|interest|11 , 3 8 4|2 3 , 8 2 2| ## ## ||||||U n r e s t r i c t e d|R e s t r i c t e d|T o t a l| |---|---|---|---|---|---|---|---| ||||||f u n d s|f u n d s|f u n d s| ||||||£|£|£| |||I N C O M E
A N D
E N D O W M E N|T S|F R O M|||| |||Donations and legacies|||127,210|166,561|293,771| |||Other trading activities|||7 , 4 9 5|9 0 8|8,403| |||I n v e s t m e n t i n c o m e|||12,843|10,979|2 3 , 8 2 2| |||T o t a l|||147,548|178,448|325,996| |||E X P E N D I T U R E
O N|||||| |||C h a r i t a b l e a c t i v i t i e s|||||| |||To Advance The Christian Religion of The|||||| |||C h u r c h i n W a l e s|||3 9 3 , 2 1 8|3 0 4 , 9 6 0|698,178| |||Net gains/(losses) on investments|||(42,797)|(71,277)|(114,074)| |||NET INCOME/(EXPENDITURE)|||(288,467)|(197,789)|(486,256)| |||T r a n s f e r s b e t w e e n f u n d s|||(5,156)|5 , 1 5 6|| |||N e t m o v e m e n t i n f u n d s|||(293,623)|(192,633)|(486,256)| |||R E C O N C I L I AT I O N O F F U N|D S||||| |||Total funds brought forward|||1,027,760|6 4 6 , 5 8 8|1,674,348| |||T O T A L
F U N D S
C A R R I E D|F O R|W A R D|734,137|4 5 3 , 9 5 5|1,188,092| |6|.|S T A F F
C O S T S|||||| |||||||3 1 . 1 2 . 2 3 E|3 1 . 1 2 . 2 2 £| |||Wages and salaries||||142,955|133,080| |||Social security and costs||||2 , 4 4 7|1 , 4 7 3| |||Other pension costs||||11,132|10,246| |||||||156,534|144,799| ## ## |||||||F r e e h o l d|P l a n t|a n d|||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||properly|machinery||Equipment||T o t a l s| |||||||£|£||£||£| |||C O S T|||||||||| |||At 1January||2023 and 31 December 2023||1 2 5 , 0 0 0|23,009||2 2 ,|8 6 5|170,874| |||D E P R|E C I A T|I|O N||||||| |||At 1January|||2023||2 2 , 9 5 5||22,129||4 5 , 0 8 4| |||Charge for year||||||1 4||2 9 6|3 1 0| |||A t 3 1|D e c e m b e r 2 0 2 3||||2 2 , 9 6 9||2 2 ,|4 2 5|4 5 , 3 9 4| |||N E T
B O O K||V A L U E|||||||| |||A t 3 1|D e c e m b e r 2 0 2 3|||1 2 5 , 0 0 0||4 0||4 4 0|125,480| |||A t 3 1|D e c e m b e r 2 0 2 2|||1 2 5 , 0 0 0||5 4||7 3 6|125,790| |8|.|F I X E D|A S S E T||
I N V E S T M E N T S||||||| ||||||||||||L i s t e d| ||||||||||||i n v e s t m e n t s| ||||||||||||£| |||M A R K|E T
V A L U E||||||||| |||At 1January|||2023||||||8 7 2 , 7 9 4| |||A d d i t i|o n s||||||||4 6 6 , 9 9 6| |||Disposals|||||||||(494,161)| |||R e v a l|u a t i o n s||||||||(59,170)| |||A t 3 1|D e c e m||b e r 2 0 2 3||||||786,459| |||N E T|B O O K||V A L U E||||||| |||A t 3 1|D e c e m||b e r 2 0 2 3||||||786,459| |||A t 3 1|D e c e m||b e r 2 0 2 2||||||872,794| |||There|were no investment assets outside the UK.||||||||| |||Cost or valuation at 31 December 2023 is represented by:|||||||||| ||||||||||||L i s t e d| ||||||||||||i n v e s t m e n t s| ||||||||||||£| |||Valuation in||2022|||||||8 7 2 , 7 9 4| |||Valuation in||2023|||||||(86,335)| ||||||||||||7 8 6 , 4 5 9| |9|.|S T O C|K S||||||||| ||||||||||2 0|2 3|2 0 2 2| ||||||||||£||£| |||Stocks|||||||3 ,|1 3 0|| ## ## ## |1|0|.|CREDITORS: AMOUNTS FALLING DUE WI|THIN ONE|YEAR||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2 0 2 3|2 0 2 2| |||||||||£|£| ||||Taxation and social security|||||7 0 4|2 , 1 6 8| ||||O t h e r c r e d i t o r s|||||7 1 6|184,974| |||||||||1,420|187,142| |1|1|.|M O V E M E N T
I N
F U N D S||||||| |||||||N|e t|T r a n s f e r s|| |||||||m o v e m e n t||b e t w e e n|A t| |||||A t 1 /|1 / 2 3|i n f|u n d s|f u n d s|3 1 / 1 2 / 2 3| |||||£||£||£|£| ||||U n r e s t r i c t e d f u n d s||||||| ||||G e n e r a l f u n d|646,851||(29,432)||7 1 , 1 2 8|6 8 8 , 5 4 7| ||||Bookshop|32,532||4 , 4 9 0||(4,569)|3 2 , 4 5 3| ||||P e r m a n e n t G e n e r a l E n d o w m e n t|5 4 ,|7 5 4|1,859||1,970|5 8 , 5 8 3| |||||734,137||(23,083)||6 8 , 5 2 9|7 7 9 , 5 8 3| ||||R e s t r i c t e d f u n d s||||||| ||||Freehold property|125,000|||||125,000| ||||M u s i c F u n d|13,819||(102,666)||78,408|(10,439)| ||||C h o r i s t e r P r i z e F u n d|5 ,|3 0 2|||(5,302)|| ||||T h o u s a n d C a n d l e F u n d|4 9 ,|7 8 3|||6 5 3|5 0 , 4 3 6| ||||Poppy Fund||4 0 3|||(403)|| ||||C h o i r A s s o c i a t i o n|9 ,|0 6 7|||1,258|10,325| ||||M u s i c F u n d E n d o w m e n t|3 4 ,|4 4 7|9 1|, 6 9 7|(96,144)|3 0 , 0 0 0| ||||S e r v i c e F u n d|2 ,|8 9 8|||(2,898)|| ||||Fabric, Maintenance, Restoration Fund|61,501||(30,577)||(22,238)|8 , 6 8 6| ||||M u s i c S c h o l a r s|19,173||(34,141)||4 , 2 7 0|(10,698)| ||||C a f e D e i n i o l||4 5 2||||4 5 2| ||||C a t h e d r a l F o o d b a n k|104,938||2 7|, 1 0 5|(26,134)|105,909| ||||Cathedral Partnership Fund|2 5 ,|1 7 2||(800)||2 4 , 3 7 2| ||||Timpani Drum Fund|2 ,|0 0 0||||2 , 0 0 0| ||||C a m a u B a c h|||1|, 3 0 0||1,300| ||||C u r a t e G r a n t|||2|, 3 3 9||2 , 3 3 9| ||||D e f b r i l l a t o r f u n d|||1,000|||1,000| |||||4 5 3 ,|9 5 5|(44,743)||(68,530)|3 4 0 , 6 8 2| ||||T O T A L
F U N D S|1,188,092||(67,826)|||1,120,265| ## ## ||Incoming|R e s o u r c e s|G a i n s a n d|M o v e m e n t| |---|---|---|---|---| ||r e s o u r c e s|expended|l o s s e s|i n f u n d s| ||£|£|£|£| |U n r e s t r i c t e d f u n d s||||| |G e n e r a l f u n d|3 0 5 , 2 6 8|(382,170)|4 7 , 4 7 0|(29,432)| |Bookshop|||4 , 4 9 0|4 , 4 9 0| |P e r m a n e n t G e n e r a l E n d o w m e n t|11)||1,860|1 , 8 5 9| ||3 0 5 , 2 6 7|(382,170)|5 3 , 8 2 0|(23,083)| |R e s t r i c t e d f u n d s||||| |M u s i c F u n d|20,801|(38,747)|(84,720)|(102,666)| |M u s i c F u n d E n d o w m e n t|||9 1 , 6 9 7|9 1 , 6 9 7| |Fabric, Maintenance, Restoration Fund|2 6 , 2 9 9|(65,756)|8 , 8 8 0|(30,577)| |M u s i c S c h o l a r s|4 7 7|(34,268)|(350)|(34,141)| |C a t h e d r a l F o o d b a n k|5 2 , 7 0 8|(28,733)|3 , 1 3 0|2 7 , 1 0 5| |Cathedral Partnership Fund||(800)||(800)| |C a m a u B a c h|3 , 0 0 0|(1,700)||1,300| |C u r a t e G r a n t|2 , 5 0 0|(161)||2 , 3 3 9| |D e f b r i l l a t o r f u n d|1 , 0 0 0|||1,000| ||106,785|(170,165)|18,637|(44,743)| |T O T A L
F U N D S|4 1 2 , 0 5 2|(552,335)|72,457|(67,826)| |||N e t|T r a n s f e r s|| |---|---|---|---|---| |||m o v e m e n t|b e t w e e n|A t| ||A t 1 / 1 / 2 2|i n f u n d s|f u n d s|3 1 / 1 2 / 2 2| ||£|£|£|£| |U n r e s t r i c t e d f u n d s||||| |G e n e r a l f u n d|9 3 6 , 3 7 0|(284,363)|(5,156)|646,851| |Bookshop|3 6 , 6 3 6|(4,104)||32,532| |P e r m a n e n t G e n e r a l E n d o w m e n t|5 4 , 7 5 4|||54,754| ||1,027,760|(288,467)|(5,156)|7 3 4 , 1 3 7| |R e s t r i c t e d f u n d s||||| |Freehold property|125,000|||125,000| |M u s i c F u n d|7 7 , 3 4 8|(63,529)||13,819| |C h o r i s t e r P r i z e F u n d|5 , 3 0 2|||5 , 3 0 2| |T h o u s a n d C a n d l e F u n d|5 7 , 0 5 5|(7,272)||4 9 , 7 8 3| |C C T V
F u n d|10,858|(10,858)||| |Poppy Fund|4 0 3|||4 0 3| |Box Organ Appeal|7 , 8 3 6|(7,836)||| |C h o i r A s s o c i a t i o n|10,325|(1,258)||9 , 0 6 7| |M u s i c F u n d E n d o w m e n t|4 4 , 9 5 5|(10,508)||34,447| |S e r v i c e F u n d|3 , 7 6 0|(862)||2 , 8 9 8| |Fabric, Maintenance, Restoration Fund|2 2 7 , 5 7 7|(166,076)||61,501| |M u s i c S c h o l a r s|58,251|(39,078)||19,173| |Organist Fund||(5,156)|5 , 1 5 6|| |C a f e D e i n i o l|4 5 2|||4 5 2| |C a t h e d r a l F o o d b a n k|17,466|8 7 , 4 7 2||104,938| |Cathedral Partnership Fund||2 5 , 1 7 2||2 5 , 1 7 2| |Timpani Drum Fund||2 , 0 0 0||2 , 0 0 0| ||646,588|(197,789)|5 , 1 5 6|4 5 3 , 9 5 5| |T O T A L
F U N D S|1,674,348|(486,256)||1,188,092| ## ## ||Incoming|R e s o u r c e s|G a i n s a n d|M o v e m e n t| |---|---|---|---|---| ||r e s o u r c e s|expended|l o s s e s|i n f u n d s| ||£|£|£|£| |U n r e s t r i c t e d f u n d s||||| |G e n e r a l f u n d|147,162|(388,728)|(42,797)|(284,363)| |Bookshop|3 8 6|(4,490)||(4,104)| ||147,548|(393,218)|(42,797)|(288,467)| |R e s t r i c t e d f u n d s||||| |M u s i c F u n d|2 8 , 6 2 8|(74,821)|(17,336)|(63,529)| |T h o u s a n d C a n d l e F u n d|||(7,272)|(7,272)| |C C T V F u n d||(10,858)||(10,858)| |Box Organ Appeal||(7,836)||(7,836)| |C h o i r A s s o c i a t i o n|||(1,258)|(1,258)| |M u s i c F u n d E n d o w m e n t|||(10,508)|(10,508)| |S e r v i c e F u n d||(322)|(540)|(862)| |Fabric, Maintenance, Restoration Fund|2 0 , 6 5 6|(158,310)|(28,422)|(166,076)| |M u s i c S c h o l a r s|1,169|(34,306)|(5,941)|(39,078)| |Organist Fund||(5,156)||(5,156)| |C a t h e d r a l F o o d b a n k|100,823|(13,351)||87,472| |Cathedral Partnership Fund|2 5 , 1 7 2|||25,172| |Timpani Drum Fund|2,000|||2,000| ||178,448|(304,960)|(71,277)|(197,789)| |T O T A L
F U N D S|3 2 5 , 9 9 6|(698,178)|( 11 4 , 0 7 4 )|(486,256)| ## ## ## |||N e t|T r a n s f e r s|| |---|---|---|---|---| |||m o v e m e n t|b e t w e e n|A t| ||A t 1 / 1 / 2 2|i n f u n d s|f u n d s|3 1 / 1 2 / 2 3| ||£|£|£|£| |U n r e s t r i c t e d f u n d s||||| |G e n e r a l f u n d|9 3 6 , 3 7 0|(313,795)|65,972|6 8 8 , 5 4 7| |Bookshop
Permanent General Endowment|3 6 , 6 3 6
5 4 , 7 5 4|3 8 6
1 , 8 5 9|(4,569)
1 , 9 7 0|3 2 , 4 5 3
58,583| ||1,027,760|(311,550)|6 3 , 3 7 3|779,583| |R e s t r i c t e d f u n d s||||| |Freehold property|125,000|||125,000| |M u s i c F u n d|7 7 , 3 4 8|(166,195)|78,408|(10,439)| |C h o r i s t e r P r i z e F u n d|5 , 3 0 2||(5,302)|| |T h o u s a n d C a n d l e F u n d|5 7 , 0 5 5|(7,272)|6 5 3|5 0 , 4 3 6| |C C T V F u n d|10,858|(10,858)||| |Poppy Fund|4 0 3||(403)|| |Box Organ Appeal|7 , 8 3 6|(7,836)||| |C h o i r A s s o c i a t i o n|10,325|(1,258)|1,258|1 0 , 3 2 5| |M u s i c F u n d E n d o w m e n t|4 4 , 9 5 5|8 1 , 1 8 9|(96,144)|3 0 , 0 0 0| |S e r v i c e F u n d|3 , 7 6 0|(862)|(2,898)|| |Fabric, Maintenance, Restoration Fund|227,577|(196,653)|(22,238)|8 , 6 8 6| |M u s i c S c h o l a r s|58,251|(73,219)|4 , 2 7 0|(10,698)| |Organist Fund||(5,156)|5 , 1 5 6|| |C a f e D e i n i o l|4 5 2|||4 5 2| |C a t h e d r a l F o o d b a n k|17,466|114,577|(26,134)|105,909| |Cathedral Partnership Fund||24,372||2 4 , 3 7 2| |Timpani Drum Fund||2 , 0 0 0||2 , 0 0 0| |C a m a u B a c h||1,300||1,300| |C u r a t e G r a n t||2 , 3 3 9||2 , 3 3 9| |D e f b r i l l a t o r f u n d||1,000||1,000| ||6 4 6 , 5 8 8|(242,532)|(63,374)|3 4 0 , 6 8 2| |T O T A L
F U N D S|1,674,348|(554,082)||1,120,265| ## ## ## ||Incoming|R e s o u r c e s|G a i n s a n d|M o v e m e n t| |---|---|---|---|---| ||r e s o u r c e s|expended|l o s s e s|i n f u n d s| ||£|£|£|£| |U n r e s t r i c t e d f u n d s||||| |G e n e r a l f u n d|4 5 2 , 4 3 0|(770,898)|4 , 6 7 3|(313,795)| |Bookshop|3 8 6|(4,490)|4 , 4 9 0|3 8 6| |P e r m a n e n t G e n e r a l E n d o w m e n t|11)||1,860|1,859| ||4 5 2 , 8 1 5|(775,388)|11,023|(311,550)| |R e s t r i c t e d f u n d s||||| |M u s i c F u n d|4 9 , 4 2 9|(113,568)|(102,056)|(166,195)| |T h o u s a n d C a n d l e F u n d|||(7,272)|(7,272)| |C C T V F u n d||(10,858)||(10,858)| |Box Organ Appeal||(7,836)||(7,836)| |C h o i r A s s o c i a t i o n|||(1,258)|(1,258)| |M u s i c F u n d E n d o w m e n t|||81,189|8 1 , 1 8 9| |S e r v i c e F u n d||(322)|(540)|(862)| |Fabric, Maintenance, Restoration Fund|4 6 , 9 5 5|(224,066)|(19,542)|(196,653)| |M u s i c S c h o l a r s|1 , 6 4 6|(68,574)|(6,291)|(73,219)| |Organist Fund||(5,156)||(5,156)| |C a t h e d r a l F o o d b a n k|153,531|(42,084)|3 , 1 3 0|114,577| |Cathedral Partnership Fund|2 5 , 1 7 2|(800)||2 4 , 3 7 2| |Timpani Drum Fund|2 , 0 0 0|||2,000| |C a m a u B a c h|3 , 0 0 0|(1,700)||1,300| |C u r a t e G r a n t|2 , 5 0 0|(161)||2 , 3 3 9| |D e f b r i l l a t o r f u n d|1,000|||1 , 0 0 0| ||2 8 5 , 2 3 3|(475,125)|(52,640)|(242,532)| |T O T A L
F U N D S|738,048|(1,250,513)|(41,617)|(554,082)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||2 0 2 3||2 0 2 2| |---|---|---|---| ||£||£| |I N C O M E A N D E N D O W M E N T S|||| |Donations and legacies|||| |Planned giving|3 8 ,|4 8 6|3 0 , 0 2 0| |L o o s e c o l l e c t i o n s|9 ,|5 0 8|11,001| |D o n a t i o n s|6 5 ,|0 4 6|135,972| |Grants|175,247||116,778| |Legacies|105,221||| ||393,508||293,771| |Other trading activities|||| |Money raising|5 ,|3 1 6|6,423| |F e e s|1 ,|8 4 4|1,980| ||7,160||8 , 4 0 3| |I n v e s t m e n t i n c o m e|||| |Deposit account interest|11,384||23,822| |Total incoming resources|4 1 2 ,|0 5 2|325,996| |E X P E N D I T U R E|||| |C h a r i t a b l e a c t i v i t i e s|||| |Bishop's Ministry Fund|4 4 ,|1 2 9|92,757| |Parochial expenses of clerics||3 2 0|9 4 0| |M a i n t e n a n c e o f s e r v i c e s|8 1 ,|6 7 5|181,188| |General parish expenses|10,727||7,855| |S h a r e d c o l l e c t i o n s|30,521||26,539| |M a i n t e n a n c e o f c h u r c h e s|2 6 1 ,|2 5 8|163,178| |Maintenance of other property|1,635||167,669| |Bookshop outgoings|||4 , 4 9 0| |Expenditure Music Fund Chorist|114,842||4 8 , 6 8 3| |Children &young people|2 ,|3 3 0|1 , 2 9 3| |M o t o r v e h i c l e s||1 4|1 8| |Computer equipment||2 9 6|3 2 8| ||5 4 7 ,|7 4 7|6 9 4 , 9 3 8| |Support costs|||| |F i n a n c e|||| |Bank charges||9 9|| |G o v e r n a n c e
c o s t s|||| |A u d i t o r s ' r e m u n e r a t i o n f o r n o n a u d i t w o r k|4 ,|4 8 9|3 , 2 4 0| |Total resources expended|552,335||6 9 8 , 1 7 8| |Net expenditure before gains and losses|(140,283)||(372,182)| |Realised recognised gains and losses|||| |Realised gains/(losses) on fxed asset|||| |i n v e s t m e n t s|1 3 1 ,|6 2 7|(4,916)| |Net expenditure|(8,656)||(377,098)|