2020-12-31-accounts

COMPANY REGISTRATION NUMBER: 09357342 CHARITY REGISTRATION NUMBER: 1161542

KINGDOM B. E. ( KBE ) Company Limited by Guarantee

Unaudited Financial Statements 31 December 2020

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2020

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

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

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

Year ended 31 December 2020

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 December 2020.

Reference and administrative details

Registered charity name KINGDOM B. E. ( KBE ) Charity registration number 1161542 Company registration number 09357342 Principal office and registered 11 Atkins Square office Dalston Lane London United Kingdom E8 1FA

The trustees

Ms Dana Thompson Mr David Harris

Structure, governance and management

Kingdom B.E.( KBE ) Limited is governed by Memorandum and Articles of Association dated 14 December 2014. The Charity is registered with the charity commission under the charities Act 2011 and the company is limited by Gurantee under the companies Act 2006

Objectives and activities

The trustees have considered the charity commissions guidance on public benefit, including the guidance 'public benefit of running a charity (PB2)'. Our work centres on delivering community assistance, on many levels, which are important to the target groups they serve. Namely our aim is to advance Christianity which is for all people, help sick babies and children and provide assistance to the hungry and the homeless people of all nationalities in the London Boroughs of Hackney, Tower Hamlets, Haringey, Newham, Waltham Forest, Greenwich, Croydon and Greater London.

1

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

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

Year ended 31 December 2020

Achievements and performance

ADI Homeless Project

Provide prayer and charity information for the relief of rough sleepers to assist them in exiting the streets and finding permanent accommodation.

Provide prayer, food and charity information for the relief of migrant rough sleepers, who do not qualify for state aid

Provision of shelter/ accommodation for the homless.

Outreach

Visiting inmates in prisons to raise awareness of the goodnews of the Gospel and offering prayer, mentoring and counselling.

Hospital visits to offer healing prayers for sick patients

General evangelism in the streets to the public to raise the awreness of the good news of the Gospel. Providing outreach centre for abandoned pregnant women in the the form temporary accommodation until they are re housed.

Providing a friendly environment free from intimidation and fear to emotionally support and offer spiritual growth opportunities to individuals through counselling, grants, medical attention etc. Weekly provision of food for the homeless on the streets during winter months and the homeless with beds at hackney winter night shelter

Business

Teaching individuals how to become business owners and to help improve societies by building others. Partnering with other believers and businesses to create a network of opportunities to empower individuals through workshops and start up programs.

Production of statement clothes for babies to help deliver inspiring message of love , healing and hope Provide apprenticeship opportunities to the unemployed youth and training schoools.

Financial review

1.Expenditure

Expenditure is as follows; events, hall hire, insurance, staffing expenses, training workshop, donations, office expenses and sundry expenses

2. Reserve Policy

Due to early stages of the company, it has not been possible to set aside money into reserves.

Small company provisions

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

2

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

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

Year ended 31 December 2020

The trustees' annual report was approved on 30 September 2021 and signed on behalf of the board of trustees by:

Ms Dana Thompson Trustee

3

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of KINGDOM B. E. ( KBE )

Year ended 31 December 2020

I report to the trustees on my examination of the financial statements of KINGDOM B. E. ( KBE ) ('the charity') for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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:

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

2. the financial statements do not accord with those records; or

3. the financial statements 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 financial statements 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.

Elsways Consultancy Limited Independent Examiner

30 September 2021

4

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2020

		2020	2020	2019
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	32,058	32,058	29,693
Charitable activities	6	–	–	1,834
				
Total income		32,058	32,058	31,527
				
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	7	15,030	15,030	13,824
Expenditure on charitable activities	8,9	22,342	22,342	14,941
				
Total expenditure		37,372	37,372	28,765
				
				
Net (expenditure)/income and net movement in funds		(5,314)	(5,314)	2,762
				
Reconciliation of funds
Total funds brought forward		39,952	39,952	37,190
				
Total funds carried forward		34,638	34,638	39,952
				

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.

5

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Statement of Financial Position

31 December 2020

		2020	2019
	Note	£	£
Fixed assets
Tangible fixed assets	15	86,744	38,145
Investments	16	1,300	1,250
			
		88,044	39,395
Current assets
Debtors	17	–	812
Cash at bank and in hand		282	895
			
		282	1,707
Creditors: amounts falling due within one year	18	3,688	1,150
			
Net current liabilities		(3,406)	557
			
Total assets less current liabilities		84,638	39,952
Creditors: amounts falling due after more than one year	19	50,000	–
			
Net assets		34,638	39,952
			
Funds of the charity
Unrestricted funds		34,638	39,952
			
Total charity funds	20	34,638	39,952
			

For the year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

6

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Statement of Financial Position (continued)

31 December 2020

These financial statements were approved by the board of trustees and authorised for issue on 30 September 2021, and are signed on behalf of the board by:

Ms Dana Thompson Trustee

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

7

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 December 2020

	2020	2019
	£	£
Cash flows from operating activities
Net (expenditure)/income	(5,314)	2,762
Adjustments for:
Depreciation of tangible fixed assets	5,832	389
Changes in:
Trade and other debtors	812	(22)
Trade and other creditors	–	(1,140)
		
Cash generated from operations	1,330	1,989
		
Net cash from operating activities	1,330	1,989
		
Cash flows from investing activities
Purchase of tangible assets	(54,431)	(5,028)
Purchases of other investments	(50)	–
		
Net cash used in investing activities	(54,481)	(5,028)
		
Cash flows from financing activities
Proceeds from borrowings	52,538	–
		
Net cash from financing activities	52,538	–
		
Net decrease in cash and cash equivalents	(613)	(3,039)
Cash and cash equivalents at beginning of year	895	3,934
		
Cash and cash equivalents at end of year	282	895
		

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

8

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2020

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 11 Atkins Square, Dalston Lane, London, United Kingdom, E8 1FA.

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

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

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:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

10

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

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.

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:

Freehold property	-	1% straight line
Long leasehold property	-	10% straight line
Fixtures and fittings	-	10% straight line

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

11

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Investments in joint ventures (continued)

Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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 amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The company is limited by guarantee and therefore has no share capital. The liability of the members upon winding up of the company is limited to £1.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
	£	£	£	£
Donations
Donations type 1	32,058	32,058	29,693	29,693
				

12

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

6. Charitable activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
	£	£	£	£
Sale of goods/services as part of direct
charitable activities	–	–	1,834	1,834
				
Costs of raising donations and legacies
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
	£	£	£	£
Costs of raising donations and legacies
- Donations	12,445	12,445	11,936	11,936
Costs of raising donations and legacies
- Other type 1	1,185	1,185	1,038	1,038
Costs of raising donations and legacies
- Other type 2	1,400	1,400	850	850
				
	15,030	15,030	13,824	13,824
				

7. Costs of raising donations and legacies

8. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
	£	£	£	£
Activity type 1	1,407	1,407	4,173	4,173
Support costs	20,935	20,935	10,768	10,768
				
	22,342	22,342	14,941	14,941
				

9. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly	Support costs	2020	2019
	£	£	£	£
Activity type 1	1,407	19,786	21,193	12,431
Governance costs	–	1,149	1,149	2,510
				
	1,407	20,935	22,342	14,941
				

13

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

10. Analysis of support costs

		Analysis	of
		support costs
		activity 1		Total 2020	Total 2019
		£		£	£
	Staff costs		–	–	995
	Premises	7,460		7,460	2,910
	Communications and IT	174		174	284
	Governance costs		–	–	1,361
					
		7,634		7,634	5,550
					
11.	Net (expenditure)/income
	Net (expenditure)/income is stated after charging/(crediting):
				2020	2019
				£	£
	Depreciation of tangible fixed assets			5,832	389
	Operating lease rentals			144	–
					
12.	Independent examination fees
				2020	2019
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			1,150 	1,150 

13. Staff costs

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

	2020	2019
	£	£
Wages and salaries	–	995
		
The average head count of employees during the year was Nil (2019: 2). The average		number of
full-time equivalent employees during the year is analysed as follows:
	2020	2019
	No.	No.
Number of staff - type 1	–	2
		

No employee received employee benefits of more than £60,000 during the year (2019: Nil).

14. Trustee remuneration and expenses

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

14

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

15. Tangible fixed assets

		Long
	Freehold	leasehold	Fixtures and
	property	property	fittings	Total
	£	£	£	£
Cost
At 1 January 2020	38,872	–	–	38,872
Additions	–	39,431	15,000	54,431
				
At 31 December 2020	38,872	39,431	15,000	93,303
				
Depreciation
At 1 January 2020	727	–	–	727
Charge for the year	389	3,943	1,500	5,832
				
At 31 December 2020	1,116	3,943	1,500	6,559
				
Carrying amount
At 31 December 2020	37,756	35,488	13,500	86,744
				
At 31 December 2019	38,145	–	–	38,145
				

16. Investments

	Other
	investments
	£
Cost or valuation
At 1 January 2020	1,250
Additions	50
	
At 31 December 2020	1,300
	
Impairment
At 1 January 2020 and 31 December 2020	–
	
Carrying amount
At 31 December 2020	1,300
	
At 31 December 2019	1,250
	
All investments shown above are held at valuation.

17. Debtors

	2020	2019
	£	£
Directors loan account	–	812
		

15

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

18. Creditors: amounts falling due within one year

		2020	2019
		£	£
	Director loan accounts	2,538	–
	Other creditors	1,150	1,150
			
		3,688	1,150
			
19.	Creditors: amounts falling due after more than one year
		2020	2019
		£	£
	Bank loans and overdrafts	50,000	–
			

20. Analysis of charitable funds Unrestricted funds

Unrestricted funds
		At			At
	1	January 202		31	December
		0	Income	Expenditure	2020
		£	£	£	£
General funds		39,952	32,058	(37,372)	34,638
					
		At			At
	1	January 201		31	December
		9	Income	Expenditure	2019
		£	£	£	£
General funds		37,190	31,527	(28,765)	39,952
					

16

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2020

21. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2020
	£	£
Tangible fixed assets	86,744	86,744
Investments	1,300	1,300
Current assets	282	282
Creditors less than 1 year	(3,688)	(3,688)
Creditors greater than 1 year	(50,000)	(50,000)
		
Net assets	34,638	34,638
		
	Unrestricted	Total Funds
	Funds	2019
	£	£
Tangible fixed assets	38,145	38,145
Investments	1,250	1,250
Current assets	1,707	1,707
Creditors less than 1 year	(1,150)	(1,150)
Creditors greater than 1 year	–	–
		
Net assets	39,952	39,952
		

22. Analysis of changes in net debt

			At
	At 1 Jan 2020	Cash flows	31 Dec 2020
	£	£	£
Cash at bank and in hand	895	(613)	282
Debt due within one year	–	(2,538)	(2,538)
Debt due after one year	–	(50,000)	(50,000)
			
	895	(53,151)	(52,256)
			

17

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Management Information

Year ended 31 December 2020

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

18

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 December 2020

	2020	2019
	£	£
Income and endowments
Donations and legacies
Donations type 1	32,058	29,693
		
Charitable activities
Sale of goods/services as part of direct charitable activities	–	1,834
		
		
Total income	32,058	31,527
		
Expenditure
Costs of raising donations and legacies
Purchases	1,400	850
Other office costs	1,185	1,038
Donations - Cost of donations & legacies	12,445	11,936
		
	15,030	13,824
		
Expenditure on charitable activities
Purchases	1,406	4,173
Wages and salaries	–	995
Operating leases	144	–
Rent	7,460	2,910
Rates and water	152	–
Insurance	220	–
Other establishment	727	303
Other motor/travel costs	236	2,220
Legal and professional fees	2,879	2,510
Telephone	1,011	182
Other office costs	174	284
Depreciation	5,832	389
Advertisement & Publicity	2,100	975
Bank charges & Interests	1	–
		
	22,342	14,941
		
		
Total expenditure	37,372	28,765
		
		
Net (expenditure)/income	(5,314) 	2,762 

19

KINGDOM B. E. ( KBE )

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 December 2020

	2020	2019
	£	£
Costs of raising donations and legacies
Costs of raising donations and legacies - Donations
Donations - Cost of donations & leagcies	12,445	11,936
		
Costs of raising donations and legacies - Other type 1
General expenses	1,185	1,038
		
Costs of raising donations and legacies - Other type 2
Regeneration Project	1,400	850
		
		
Costs of raising donations and legacies	15,030	13,824
		
Expenditure on charitable activities
Activity type 1
Activities undertaken directly
Purchases	1,406	4,173
Bank charges & interests	1	–
		
	1,407	4,173
		
Support costs
Freelances	–	995
Subscriptions	144	–
Rent & premises expenses	7,460	2,910
Staff welfare	152	–
Support charitable activity 1 - insurance	220	–
Office expenses	727	303
Travel & accommodation expenses	236	2,220
Training & education	1,730	–
Telephone & Internet	1,011	182
Printing & Stationery	174	284
Depreciation	5,832	389
Support charitable activity 1 - Advertisement & publicity	2,100	975
		
	19,786	8,258
		
Governance costs
Governance costs - accountancy fees	1,149	1,150
Governance costs - costs of trustees' meetings	–	1,360
		
	1,149	2,510
		
		
Expenditure on charitable activities	22,342	14,941
		

20