REGISTERED COMPANY NUMBER: 08747770 (England and Wales) REGISTERED CHARITY NUMBER: 1161206
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023
for
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
William Withers & Co Quayside House Highland Terrace Barrington Street TIVERTON Devon EX16 6PT
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives are to encourage and promote interest and study of the Middle Eastern culture region from the end of classical antiquity to the present day, in particular, but not exclusively, through the dissemination of information and by the encouragement of co-operation amongst persons concerned with the scholarly study of the region.
Membership is open to individuals or organisations who are professionally and/or personally concerned with the Middle East and North Africa region. Membership is open to all regardless of nationality or country of residence. BRISMES works to promote interest in Middle Eastern Studies and to raise awareness of the region and how it is connected to other parts of the world, including the UK.
The charitable company was incorporated on 24th October 2013 and commenced trading on 1st July 2021 when the funds held by the former unincorporated charity were transferred to the charitable company.
This year, BRISMES will continue with its core activities, namely:
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The production of the well-established British Journal of Middle Eastern Studies;
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The production of the monthly e-newsletter for members;
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Hosting the BRISMES annual lecture;
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Hosting the BRISMES annual conference;
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Hosting other events relevant to the charitable aims of BRISMES including those organised by the Graduate Section and the Outreach and Pedagogy Subcommittee;
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Advocating on behalf of members on issues that are relevant to the Society's charitable objectives primarily through the Committee on Academic Freedom;
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Continued development of the BRISMES Graduate Section for students and early career researchers;
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Continued development of the BRISMES website including the membership area, the online MENA events calendar, Opportunities page and Database of Expertise;
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Outreach through social media platforms;
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Continuing the annual awards as detailed below.
BRISMES recognises and supports outstanding research and contributions to the field of Middle Eastern Studies through a number of awards. The BRISMES Award for Services to Middle Eastern Studies is an honorary award presented annually in recognition of outstanding services to Middle Eastern Studies.
As part of our ongoing commitment to supporting students and Early Career Researchers, in 2021 we established the BRISMES Conference Student Paper Prize, which supports BRISMES student members in the development of peer-reviewed work, and the BRISMES Early Career Development Scholarship, which provides funds to support activities that strengthen the academic profile and CV of an early career scholar.
BRISMES also co-funds and administers the Leigh Douglas Memorial Prize established in 1986 by the Leigh Douglas Memorial Fund in memory of Dr Leigh Douglas, who was killed in Beirut. The prize is awarded annually to the writer of the best PhD dissertation on a Middle Eastern topic in the Social Sciences or Humanities awarded by a British University in the previous calendar year.
BRISMES advocates on behalf of members on issues relevant to the Society's charitable aims. Most of the advocacy work is carried out through statements and letters from the BRISMES Committee on Academic Freedom. In 2023, the BRISMES Committee on Academic Freedom intervened in 29 cases involving violations of academic freedom in the UK and abroad.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Page 1
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Financial position
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.
This level of reserves has been maintained throughout the year.
The BRISMES Solidarity Fund was established in 2020 to fundraise for bursaries for students, those on low incomes and those from the Global South to attend the annual conference. In 2023, this fund was used to subsidise costs of attending the annual conference for colleagues experiencing financial hardship.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
BRISMES was founded in 1973 and was registered with the Charity Commission under charity number 289804. On 30th June 2021, BRISMES members resolved to change the organisational structure of the Society from an unincorporated charity to a charitable company limited by guarantee under charity number 1161206 and company number 08747770. The Charity is governed by the Memorandum and Articles of Association. All the trustees are members of the Company and guarantee to contribute £0.01 in the event of a winding-up.
The Society has two part-time paid members of staff, both of whom work from home. The Society's registered address is 71-75 Shelton Street, Covent Garden, London WC2H 9JQ.
BRISMES is managed by the Council (trustees) who are elected or co-opted in line with the Articles of Association. The Officers are the President, Vice-President, Secretary, and Treasurer. The work of implementing most of the policies is carried out by the Officers. With the exception of the President, each has a three-year term in office. Each post will normally come up for election in successive years so that the terms in office of the Vice-President and Secretary do not terminate in the same year. In addition, Council members are elected or co-opted from among the membership for a period of three years.
All members of the Council are registered as directors of BRISMES with Companies House and as trustees of BRISMES with the Charity Commission for England and Wales. The Society's Officers and Council members (trustees) all work in an unpaid capacity. They may, however, if they wish, claim allowable expenses as per our published policy. The number of Council members shall not be less than three. The number of elected Council members shall not be more than fifteen. The number of co-opted Council members shall not exceed five.
The Council holds at least two meetings and one annual general meeting each year. The Society's accounts are verified according to Charity Commission rules. These are presented to the AGM. The trustees of the Charity are legally responsible for the overall management and control of BRISMES. BRISMES is the main area studies association in the United Kingdom for Middle Eastern Studies. The Society's international links make BRISMES the foremost channel through which scholars outside the UK may create co-operative links with UK-based researchers. Links between BRISMES and Middle Eastern studies associations elsewhere in the world are continually being expanded as is the Society's international membership.
The trustees' report was approved by the Board of Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08747770 (England and Wales)
Registered Charity number
1161206
Page 2
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Report of the Trustees
FOR THE YEAR ENDED 31 DECEMBER 2023
Registered office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Trustees
Dr F Alkabani Dr S Allouche (appointed 13/1/2023) Dr H Almoaibed (appointed 5/7/2023) Dr M Aouragh (appointed 27/10/2023) Dr S Chamas (appointed 13/1/2023) Dr M Charountaki Mr W Farooq Treasurer (appointed 5/7/2023) Professor N Gordon Vice-President Dr J C Martinez Secretary (appointed to council 13/1/2023, appointed as Secretary 5/7/2023) Dr W Naboulsi (appointed 13/1/2023) Dr S Plonski Dr L Ridgeon Dr P T C Rivetti Dr L E Turner Dr H Sleiman (appointed 13/1/2023) (resigned 11/4/2024) Dr N Shahrokni (appointed 13/1/2023) (resigned 7/11/2023) Professor J T Chalcraft Secretary (resigned 5/7/2023) Dr H El-Farahaty (resigned 5/7/2023) Ms L S Garbett (resigned 13/4/2024) Professor T Jacoby Treasurer (resigned 5/7/2023) Dr N Perugini (resigned 13/1/2023) Ms M Shamshiri-Fard (resigned 27/10/2023) Dr M Shwaikh (resigned 13/1/2023) Dr T Todorova (resigned 13/1/2023) Dr R A Ziadah (resigned 13/1/2023)
Independent Examiner
Paul Steele FCA 18 Newport Street Tiverton Devon EX16 6NL
Approved by order of the board of trustees on 30 June 2024 and signed on its behalf by:
................................................................. Jose Ciro Martinez Signed on 24/07/24 @ 15:59 Trustee
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Independent Examiner's Report to the Trustees of British Society For Middle Eastern Studies
Independent examiner's report to the trustees of British Society For Middle Eastern Studies ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
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
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
PC Steele Signed on 01/08/24 @ 09:43
Paul Steele FCA
18 Newport Street Tiverton Devon EX16 6NL
Date: 30 June 2024
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Statement of Financial Activities Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2023
| 31.12.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 330 Subscription 25,146 Annual conference 36,069 Other trading activities 2 67,148 Investment income 3 871 Total 129,564 EXPENDITURE ON Charitable activities Annual Conference 26,173 Conferences and lectures 2,848 Prizes 7,241 Journal 18,865 Grants 1,871 Support costs 7 84,612 Finance costs 1,679 Governance costs 2,560 Other 131 Total 145,980 NET INCOME/(EXPENDITURE) (16,416) RECONCILIATION OF FUNDS Total funds brought forward 181,918 TOTAL FUNDS CARRIED FORWARD 165,502 |
31.12.22 Total funds £ 871 28,239 31,304 59,890 208 120,512 42,106 1,938 4,825 14,916 - 56,860 1,256 (2,709) - 119,192 1,320 180,598 181,918 |
|---|---|
The notes form part of these financial statements
Page 5
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Balance Sheet 31 DECEMBER 2023
| 31.12.23 Unrestricted fund Notes £ FIXED ASSETS Intangible assets 8 25,998 Tangible assets 9 110 26,108 CURRENT ASSETS Debtors 10 33,381 Cash at bank 109,718 143,099 CREDITORS Amounts falling due within one year 11 (3,705) NET CURRENT ASSETS 139,394 TOTAL ASSETS LESS CURRENT LIABILITIES 165,502 NET ASSETS 165,502 FUNDS 12 Unrestricted funds 165,502 TOTAL FUNDS 165,502 |
31.12.22 Total funds £ 34,664 330 34,994 31,909 121,702 153,611 (6,687) 146,924 181,918 181,918 181,918 181,918 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Balance Sheet - continued 31 DECEMBER 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2024 and were signed on its behalf by:
Waseem Farooq Signed on 29/07/24 @ 15:21
............................................. Trustee
Page 8
continued...
BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
Intangible fixed assets
Intangible fixed assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website - 20% straight line
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers - 33% straight line
Debtors are measured at the cash or other consideration expected to be received.
Creditors are measures at settlement amounts less any trade discounts
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Academic journal | 67,148 | 59,890 | |
| 3. | INVESTMENT INCOME | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Deposit account interest | 871 | 208 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Depreciation - owned assets | 220 | 220 | |
| Development costs amortisation | 8,666 | 8,666 |
5. TRUSTEES' REMUNERATION AND BENEFITS
In 2023, no trustees received any remuneration from an employment with the charity (2022 none) 1 trustee received an honorarium totalling £2,500 (2022: £3,500).
Trustees' expenses
In 2023, 6 trustees received travelling and subsistence expenses totalling £1,936 (2022: £3,049).
6. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Wages and salaries | 36,759 | 33,252 |
| Social security costs | - | - |
| Other pension costs | 7,192 | 5,481 |
| 43,951 | 38,733 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.12.23 | 31.12.22 | |
| Administration | 1 | 1 |
There were no employees whose remuneration was more than £60,000.
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
7. SUPPORT COSTS
| 7. | SUPPORT COSTS | |
|---|---|---|
| 31.12.23 | ||
| £ | ||
| Wages | 54,115 | |
| Pensions | 7,192 | |
| Insurance | 406 | |
| Postage and stationery | 360 | |
| Advertising | 2,710 | |
| Sundries | 820 | |
| Travel & subsistence | 5,116 | |
| Subscriptions and licences | 5,007 | |
| Website costs amortization | 8,666 | |
| Computer depreciation | 220 | |
| Total | 84,612 | |
| 31.12.22 | ||
| £ | ||
| Wages | 33,252 | |
| Pensions | 5,481 | |
| Insurance | 776 | |
| Postage and stationery | 466 | |
| Advertising | 1,200 | |
| Sundries | 316 | |
| Travel & subsistence | 4,618 | |
| Subscriptions and licences | 1,865 | |
| Website costs amortization | 8,666 | |
| Computer depreciation | 220 | |
| Total | 56,860 | |
| 8. | INTANGIBLE FIXED ASSETS | |
| Development | ||
| costs | ||
| £ | ||
| COST | ||
| At 1 January 2023 and | ||
| 31 December 2023 | 43,330 | |
| AMORTISATION | ||
| At 1 January 2023 | 8,666 | |
| Charge for year | 8,666 | |
| At 31 December 2023 | 17,332 | |
| NET BOOK VALUE | ||
| At 31 December 2023 | 25,998 | |
| At 31 December 2022 | 34,664 |
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT Prepayments and accrued income Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accruals and deferred income 12. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General fund 181,918 TOTAL FUNDS 181,918 |
31.12.23 £ 686 32,148 547 33,381 31.12.23 £ - 1,137 2,568 3,705 Net movement in funds £ (16,416) (16,416) |
Computer equipment £ 660 330 220 550 110 330 31.12.22 £ 941 28,890 2,078 31,909 31.12.22 £ 4,587 (184) 2,284 6,687 At 31.12.23 £ 165,502 165,502 |
|---|---|---|
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 129,564 129,564 |
Resources Movement expended in funds £ £ (145,980) (16,416) (145,980) (16,416) |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.22 £ 180,598 180,598 |
Net movement in funds £ 1,320 1,320 |
At 31.12.22 £ 181,918 |
|---|---|---|---|
| 181,918 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 120,512 120,512 |
Resources Movement expended in funds £ £ (119,192) 1,320 (119,192) 1,320 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
14. INDEPENDENT EXAMINER’S FEES
| Independent examination Accountancy |
1,100 1,100 2,200 |
|
|---|---|---|
| 2,600 |
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
| Detailed Statement of Financial Activities | ||
|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2023 | ||
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Charitable activities | ||
| Donations | 330 | 874 |
| Subscriptions | 25,146 | 28,236 |
| Annual Conference | 36,069 | 31,304 |
| 61,545 | 60,414 | |
| Other trading activities | ||
| Academic journal | 67,148 | 59,890 |
| Investment income | ||
| Deposit account interest | 871 | 208 |
| Total incoming resources | 129,564 | 120,512 |
| EXPENDITURE | ||
| Charitable activities | ||
| Conference Costs | 26,000 | 42,106 |
| Conferences & Lectures | 3,021 | 1,938 |
| Prizes | 7,241 | 4,825 |
| Editorial costs | 10,100 | 10,180 |
| Printing academic journal | 8,765 | 4,736 |
| Grants to individuals | 1,871 | - |
| 56,998 | 63,785 | |
| Other | ||
| Staff Training | 131 | - |
| Support costs | ||
| Management | ||
| Wages | 30,345 | 23,127 |
| Conference coordinator | 23,770 | 10,125 |
| Pensions | 7,192 | 5,481 |
| Insurance | 406 | 776 |
| Postage and stationery | 360 | 466 |
| Advertising | 2,710 | 1,200 |
| Sundries | 820 | 316 |
| Travel & subsistence | 5,116 | 4,618 |
| Subscriptions and licences | 5,007 | 1,865 |
| Development costs | 8,666 | 8,666 |
| Computer equipment | 220 | 220 |
| 84,612 | 56,860 | |
| Finance | ||
| Bank charges | 1,679 | 1,256 |
This page does not form part of the statutory financial statements
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BRITISH SOCIETY FOR MIDDLE EASTERN STUDIES
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Governance costs | ||
| Accountancy fees | 582 | 2,600 |
| Legal fees | - | (7,000) |
| Bookkeeping | 1,978 | 1,691 |
| 2,560 | (2,709) | |
| Total resources expended | 145,980 | 119,192 |
| Net (expenditure)/income | (16,416) | 1,320 |
This page does not form part of the statutory financial statements
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