2024-08-31-accounts - Motion Control Dance

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Registered Charity No: 1161551

Trustees’ Annual Report

12 Months ended 31 August 2024

Registered Charity No: 1161551

Motion Control Dance

TRUSTEES’ ANNUAL REPORT

SEPTEMBER 1ST 2023 - AUGUST 31ST 2024

The trustees present their report with the financial statements for the year ended 31 August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting of Charities' issued 2005, (as amended 2008).

Reference and Administrative Details

Charity Name: Motion Control Dance

Registered Charity Number: 1161551

Registered Office: 147 Fontygary Road, Rhoose, Vale of Glamorgan, Wales, CF62 3DU

Operational Address: MCD Studio, Barry YMCA, Court Road, Barry Vale of Glamorgan, CF63 4EE

Trustees:

Mr Rhys Lawrence Chairperson Mrs Siobhan Saunders Treasurer resigned on 9th May 2024 Miss Rachal Minchinton Treasurer Miss Catherine Ashford Secretary Miss Kate Ashman

Chief Executive: Emma Mallam

Bankers: The Co-operative Bank, Delf House, Southway, Skelmersdale WN8 6NY

Independent Examiner: Seamount Business Services Limited, Association of Accounting Technicians, Gryson House The Grove Pontllanfraith NP12 2EQ

Registered Charity No: 1161551

Structure, Governance and Management

Governing Document: Motion Control Dance is a Charitable Incorporated Organisation governed by a constitution whose voting members are its charity trustees.

Appointment of Trustees: The members of the trustees board are elected to serve three years, after which they must be re-elected at the next Annual General Meeting. This year our treasurer Siobhan Saunders stepped down from the board after completing 4 years with MCD. The rest of the board remained the same as previous year with 4 members from May-August. Recruitment for new trustees with HR skills has been promoted through GVS and Arts Business Wales and primary introductions to potential volunteers have been made with the hope of them joining the board.

Trustee Induction and Training: Induction for new trustees are sent an induction pack that contains our constitution, recent accounts and trustee report, the Essential Trustee guidelines (CC3 form) and the trustee handbook from the Charity Commission. They are introduced to the board and staff prior to joining to see how the charity operates and whether we are a fit to what they want to gain from becoming a trustee.

Organisational Structure: The Charity operates under a governing Board of the Trustees. The Chief Executive also attends board meetings, which are held at least four times a year. The day to day management of the charity is delegated to the Chief Executive and the part time workers undertake the coordination of the different dance projects.

Related Parties: Motion Control Dance works in partnership with the Barry YMCA, Vale Sports & Play Development Team, Vale Disability Officer and Vale Youth Service along with older people networks, many local organisations and schools across the Vale of Glamorgan. This year, Motion Control Dance developed its relationship with the BBC Children in Need as well as local care homes across the Vale.

It is a member of the Foundation of Community Dance where it follows the Code of Conduct for professional practice and translates the core values of community dance into standards of ethical and responsible practice to which community dance professionals adhere. The People Dancing Code of Conduct is aligned to the ArtsWork Code of Practice, which explains how people working across the participatory arts sector should behave.

Risk Management: Monthly meetings with the Chair and CEO, quarterly meetings with the board of trustees have taken place, where we have reviewed any risks or factors that could cause risk. Policies are updated annually by the trustee board members.

Registered Charity No: 1161551

Objectives and Activities

The object of the charity and principal activities are:

To advance the education of people of all ages, living in the Vale of Glamorgan and the surrounding areas, in the performing arts, particularly the art of dance, for the benefit of the public, in particular through the provision of classes, training, workshops and performance opportunities.

Public Benefit: ln planning Motion Control Dance activities for the year the trustees kept in mind the Charity Commission's guidance on public benefit.

The main objectives and activities for the year was on growing the charity to sustain its future. This was achieved by providing opportunities, in education and the community, for people of all ages and abilities to experience and participate in dance activities. The strategies employed to assist the charity to meet these objectives included the following:

Increase our work force with funded part time posts to enhance our disability and older persons movement programmes.
Large scale community dance showcase “Lose Yourself to Dance” in the Vale of Glamorgan.
Increased numbers of children, young people, women and vulnerable adults into weekly dance programme to 250 members focusing upon physical and mental health and wellbeing
To get recognition for the great work we deliver in the Vale through nominations of local awards especially in obtaining our GOLD INSPORT badge for inclusion with Disability Sport Wales
To maintain financial viability of the charity during the precedent times to ensure the stability of its future

Achievements and Performance

The main areas of charitable activity are the provision of classes/workshops/training and performance opportunities for people living in the Vale of Glamorgan and surrounding areas.

In 2023/24 Motion Control Dance:

worked with 1825 individuals on a variety of projects of a range of ages - an increase of 44% from last year

Registered Charity No: 1161551

delivered 28 weekly dance sessions for children, young people, women and vulnerable adults at the YMCA, Barry and satellite centres across the Vale - an increase of 40% from our previous year
took participants to perform at 9 community events
delivered 35 additional community dance projects
We expanded our team to 1 include 2 part time workers with 7 freelance professional dance tutors on a weekly basis with the help of 9 young volunteers
Trained up 4 level 1 dance leaders with SportLeaders UK
Motion Control Dance won Best Dance Studio in Welsh Prestige Awards 2023/24, was a finalist for Best Third Sector with Vale Business Awards, had one of our dance leaders come runner up for Young Volunteer of the Year with WCVA and Sam Griffiths won Best Individual Award with Cardiff Parents Federation for her amazing work working with those with disabilities. Our Meaningful Movement project won the Arts & Business Award for Arts in Health Award in partnership with CAVUHB.
Motion Control Dance was awarded the Gold Badge for Inclusion with Disability Sport Wales - the 2nd club in the Vale to achieve this award. We are also now an Autism Aware and Dementia Friendly Organisation.

Highlights of this programme were:

We had 94% retention of our members this year
In May we held a large scale community showcase with over 100 performers to an audience of 300 members at Memo Arts Theatre, Barry that explored a wide range of topics that made our members Lose Themselves to Dance!
Our Leap dancers chose to test their skill development and compete again for the first time since before covid at the WDO Streedance championships where they came 3rd in the under 17 category.
Our BGirls represented Wales as they competed at Break Mission in Birmingham to gain confidence in their battle techniques and be inspired by professional breakers from across the world. They also competed at HydroJam in August where one of our girls came runner up in the under 18 division.
We were awarded 3 year funding from Children in Need to employ a part time project worker to deliver and develop our Local Motion Disability Dance programme. This year we have had 54 members attend regularly weekly classes with outreach sessions being

Registered Charity No: 1161551

held at Ty Hafan and Vale People First and our working relationship with Jenner Park Unit was enhanced as we worked with them for 12 weeks to create a performance at the Best Foot Forward show. Our Local Motion Dance Company was invited to perform at the Welsh National Folk Festival held at Tredegar House, Newport.

Thanks to funding from the Shared Prosperity Fund we were able to employ a part time coordinator to coordinate our older peoples programme for 18 months. We managed to engage 91 members to attend weekly sessions who are over the age of 50 in a variety of sessions including those with Parkinsons. Outreach sessions were delivered in many care homes across the region as well as at Barry Hospital Dementia Cafe.
We took 38 dancers aged 9-30 to perform at Cardiff City Stadium as part of the rugby Judgement Day half time entertainment where they performed on the pitch in front of approx 10,000 fans.
Our dancers have undertaken fundraising activities this year to help raise money for different causes. Our dancers have helped fundraise £284 for Children in Need during our Pudsey Week where they all demonstrated they were SPOTacular in undertaking the Bearpee Challenge. They also took part in a sponsored danceathon to help raise funds for our 25th anniversary celebrations in 2025 to support our ACW application.
We held a summer scheme that saw 87 young dancers experience various dance styles workshops and also through taster sessions during the summer that was funded by the Vale Healthy Living Team.

Financial Review

Motion Control Dance has managed to provide a broad programme of work to children, young people and vulnerable adults in a variety of settings this year all of which focused upon increasing the health and wellbeing of our members.

The Charity, with the aid of sound financial management and the continued efforts of staff and support generated a total turnover for the charity’s financial year ending 31 August 2024 was £151,325 with expenditure costs at £121,813. There are accruals of £39,157 leaving the charity carrying forward into the next financial period as we were awarded core costs from a few grant applications including the Postcode People Lottery for the upcoming 2024/25 season.

The financial performance of the charity is disclosed in the financial statements.

Principal Funding Sources: Our principal source of funds has been generated through our studio dance programme for this financial period as well as services being booked by

Registered Charity No: 1161551

our charity within organisations in the Vale of Glamorgan. Motion Control Dance gratefully acknowledges all those who provided funding support in particular:

Children in Need,
Shared Prosperity Levelling Up Fund,
The Foyle Foundation
The Baily Thomas Fund
Percy Bilton Fund
the Postcode People’s Lottery.
Third Sector Preventative Fund,
Barry Round Table
Glamorgan Voluntary Services,
Arts Business Wales and CAVUHB,
Vale of Glamorgan Youth Service and Healthy Living Team.

As a result of an increasingly competitive funding environment the trustees continue to seek additional sources of funding from an increasingly broader range of agencies within both the public and private sectors. During 2023/24 good progress has been made in creating new links and partnerships with the following organisations which have supported Motion Control Dance financially and in kind: Tyre Boss Ltd and Cardiff and the Vale Health Board.

Policy on Reserves

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure and future plans.

The charity aims to maintain sufficient unrestricted reserves of a total approximately £20K to cover:

Any Grant funds repaid,
pension payments,
Final set of accounts prepared,
insurance - pay balance,
Studio lease x 12 weeks,
One month salaries and payroll.

However, due to past years after the pandemic, we have had to use our reserves to cover our core costs, we are in the process of building our reserves pot backup as it is on £13,578 at present. We intend to maintain our reserves at a level which can cover all eventualities if we had to close immediately (looking to increase/decrease dependent on annual unrestricted funds). The reserves that we are aiming to set aside to provide financial stability and the means for the development of our principal activity and are one of the main focus for the next few years to sustain our community dance charity future.

The board of trustees are aware the reserves policy is essentially held in case of emergency and the project is unable to continue at its capacity or continue delivery. In the case of external grants and projects this money can be on hold and returned whilst existing monthly outgoings and annual costs will need to be reserved and covered.

Registered Charity No: 1161551

We will review the policy in regards to trends, best practice guidance from the Charity Commission and our own financial performance. This will provide us with an approach to reserves that will enable us to provide for future risks to the organisation, including the worst case scenario of closure.

The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. This is done on a quarterly basis. The % will change dependent on finance/total unrestricted funds for the year.

Investment Policy: This charity does not have an investment policy or committee or manager due to the size of the charity. In the future, we would look to create an investment portfolio and policy if our reserves warranted investment.

Plans for Future Periods

Motion Control Dance’s plans for 2024/25 are:

Organisational Development (The Legacy)

Increase financial security of the charity by building upon the business strategy to reduce costs and increase reserves
Work with Arts Business Wales to find new board members with HR skills to join our trustee board
Plan towards the 5 year plan from 2027 outlined for the growth of the charity with the emphasis on securing corporate sponsorships for unrestricted funds to support our events and programmes
Keep mandatory training for internal staff, regular freelance staff and volunteers up to date, and complete a programme of training to hone production and promotional skills development
To source funding for our 25th anniversary celebrations of Motion Control Dance working in the Vale

Sector Development (Let’s Dance)

Develop new partnerships with local schools in the region to expand on joint projects and deliver staff training programmes based on the new Welsh Creative Curriculum
Continue to develop our dance programme working with over 50s and those with dementia, those residing in care homes & in hospital and those with Parkinson’s
Continue to work in partnership with local organisations to connect with our community and expand on our reputation and work of mouth referrals focusing upon health and wellbeing and working with those with disabilities
Engage with more members from areas of deprivation having subsidised sessions for those on low income families

Registered Charity No: 1161551

Work in partnership with other dance organisations to promote our services in hip hop and breakin in Wales
Be recognised as the ‘Go To’ for inclusive dance in the Vale of Glamorgan

Training & Development (Future Leaders)

Network with local organisations in the Vale for future partnership possibilities
Tutors to attend refresher Safeguarding and First Aid Courses with Vale of Glamorgan Council
Keep mandatory training for internal staff, regular freelance staff and volunteers up to date, and complete a programme of training to hone production and promotional skills development
Train up freelance dance practitioner in working with older people as part of their professional development
Our Disability Dance tutor to become a certified Touch Trust practitioner and implement the IRIS syllabus with our local motion dance company

Community Programme (Showcase)

Sustain our current dance programme of weekly sessions at the YMCA and maintain after school clubs and increase number of members to 260 on a weekly basis
Deliver at least 4 projects to schools, colleges, health partners & community groups
Perform at least 5 community events in the local area - one being a large performance for the World Record Attempt of backing dancers with a named pop artist.
Deliver weekly dance sessions in at least 4 care homes in the local area
To organise a large outdoor 3 day dance festival to celebrate 25 years of our Director working in the community alongside our 10 year anniversary as a dance charity in the Vale.

Statement of Trustees' Responsibilities

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and its financial position at the end of the year. ln preparing those financial statements the Trustees are required to follow best practice and to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
observe the methods and principles in the Charity SORP;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

Registered Charity No: 1161551

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Signature and Declaration

Declaration: I declare, in my capacity of charity trustee, that: the trustees have approved the report above and have authorised me to sign it on their behalf.

Signature:

Full Name: Rhys Lawrence

Position: Chair of Board

Date: 22/3/25

Motion Control Dance

Charity No. 1161551

Company No. CE004062

Trustees' Report and Unaudited Accounts

31 August 2024

Motion Control Dance Contents

	Pages
Trustees' Annual Report	-
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Accounts	5 to 7
Detailed Statement of Financial Activities	8 to 9

Page 1

Motion Control Dance Independent Examiners Report

Independent Examiner's Report to the trustees of Motion Control Dance

I report to the charity trustees on my examination of the financial statements of Motion Control Dance for the year ended 31 August 2024.

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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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 financial statements to be reached.

Seamount Business Services Limited Gryson House The Grove Pontllanfraith

NP12 2EQ 17 March 2025

Page 2

Motion Control Dance Statement of Financial Activities

for the year ended 31 August 2024

Unrestricted funds 2024 £ 72,082 8,977	Restricted funds 2024 £ - 70,267	Total funds 2024 £ 72,082 79,244	Total funds 2023 £ 64,684 39,038
81,059 10,687 61,582	70,267 2,635 46,909	151,326 13,322 108,491	103,722 13,167 104,736
72,269 -	49,544 -	121,813 -	117,903 -
8,790 -	20,723 -	29,513 -	(14,181) -
8,790	20,723	29,513	(14,181)
8,790 4,788	20,723 4,856	29,513 9,644	(14,181) 23,825
13,578	25,579	39,157	9,644

Page 3

Motlon Gontrol Da Balanc• Sheet at 31 Auou 2024 Company No. CEIXJ4fA2 Noies 2024 Curreni agseis D•bto Cath al bank aThY In hand 37,727 38,277 10,1 (546} Credhor& Amount IlIng duo wFINn on• year Net current asets 39,157 39.157 Total auets less current liabllltl 9,644 Net aJJet3 excludino penjlon asset or Ilabi1Sty Total nel aets 39,157 9.644 Th• funth ol the tharrty Reslrlcted luntts Ren[toO incomo lun 10 26,121 26,121 Unrestrlcied f un(ts General lunds 10 13,578 13,578 4.788 4.788 FloMrv•S 10 Total lunds 39.699 These ac£ounts have been prepared in accordarKe with the ipKi¥ provNioM ol Part 15 01 the Companlei Act 2(Th relaiiThJ 10 smal companleL For the y#r ended 31 August 2024 the tompany entmed 10 exefflpiion uNlor ¢tIon 477 01 th• CompleS kt 2C relitlng to small c¢rtnpknI Tho MOMTr havv not reqimred the company to obtaln an iudlt In a£cOrdan wlth sectlon 476 01 the CompaniN Act 2. The dlrKtora acknowlodge Ih•ir f•y)rnibditiu for comiWro wlth the requlrements ol the Compath Act 2Cth wlth respect to ac¢ounkn'ng fecorth and the preparatll ol accounts. Appn)¥ed by the board on 17 March 2025 And slgne Its bohall ty. R. Lawr TnMtee 17M alr peraon 2025

Motion Control Dance Notes to the Accounts

for the year ended 31 August 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 5

Motion Control Dance

Notes to the Accounts

3 Income from charitable activities

Unrestricted £ 1,153 7,751 73 8,977	Unrestricted £ 58,044 7,483 6,555 72,082 Restricted £ 70,267 - - 70,267	Total 2024 £ 58,044 7,483 6,555 72,082 Total 2024 £ 71,420 7,751 73 79,244	Total 2023 £ 51,858 4,443 8,383
			64,684
			Total 2023 £ 36,992 2,007 39
			39,038

Unrestricted £ 2,841 7,464 382 10,687 Unrestricted £ 719 14,879 39,722 348 4,437 1,477 61,582	Restricted £ 878 - 1,757 2,635 Restricted £ 11,405 1,766 33,311 427 - - 46,909	Total 2024 £ 3,719 7,464 2,139 13,322 Total 2024 £ 12,124 16,645 73,033 775 4,437 1,477 108,491	Total 2023 £ 3,820 7,294 2,053
			13,167
			Total 2023 £ 13,203 27,703 56,726 1,233 4,394 1,477
			104,736

Page 6

Motion Control Dance Notes to the Accounts

Motion Control Dance Notes to the Accounts
7 Staff costs Salaries and wages Pension costs No employee received emoluments in excess of £60,000. 8 Debtors Trade debtors 9 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors	2024 67,427 1,557 68,984 2024 £ 550 550 2024 £ 118 (924) (74) (880)	2023 51,694 651
		52,345
		2023 £ 982
		982
		2023 £ 7 - 539
		546

Page 7

Motion Control Dance Notes to the Accounts

10 Restricted Funds Received

Restricted funds: Restricted income funds: Glamorgan Voluntary Services Foyle Foundation Children In Need Strong Communities Shared Prosperity Youth Led Garfield Weston Postcode Community Percy Bilton Total Unrestricted funds: General funds Total funds	At 1 September 2023 4,856 - - - - - - - - 4,856 4,788 9,644	Receipts in Year £ 1,485 5,000 15,000 4,883 12,399 1,500 10,000 20,000 542 70,809 81,059 151,868	Resources expended £ (4,856) (5,000) (15,000) (4,883) (18,305) (1,500) - - - (49,544) (72,269) (121,813)	At 31 August 2024 £ 1,485 - - - (5,906) - 10,000 20,000 542
				26,121
				13,578
				39,699

11 Related party disclosures Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 8

Motion Control Dance Detailed Statement of Financial Activities

for the year ended 31 August 2024

Income and endowments from: Charitable activities Classes Events Workshops Other Grants Donations Bank interest Total income and endowments Expenditure on: Charitable activities Classes Projects Workshops Total of expenditure on charitable activities Other expenditure Hall Hire Freelance Tutors Employee costs Salaries/wages Pension costs Staff entertainment Staff training Motor and travel costs Travel and subsistence Business mileage costs reimbursed General administrative costs, including depreciation and amortisation Bank charges General insurances	Unrestricte d funds 2024 £ 58,044 7,483 6,555 72,082 1,153 7,751 73 8,977 81,059 2,841 7,464 382 10,687 10,687 719 14,879 15,598 34,921 1,557 491 2,753 39,722 153 195 348 529 600	Restricted funds 2024 £ - - - - 70,267 - - 70,267 70,267 878 - 1,757 2,635 2,635 11,405 1,766 13,171 32,506 - - 805 33,311 427 - 427 - -	Total funds 2024 £ 58,044 7,483 6,555 72,082 71,420 7,751 73 79,244 151,326 3,719 7,464 2,139 13,322 13,322 12,124 16,645 28,769 67,427 1,557 491 3,558 73,033 580 195 775 529 600	Total funds 2023 £ 51,858 4,443 8,383
				64,684
				36,992 2,007 39
				39,038
				103,722 3,820 7,294 2,053
				13,167
				13,167 13,203 27,703
				40,906
				51,694 651 408 3,973
				56,726
				635 598
				1,233
				56 629

Page 9

Motion Control Dance

Detailed Statement of Financial Activities

Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	157 841 455 1,248 607 4,437 1,464 13 1,477 61,582 72,269 - 8,790 8,790 - 8,790 4,788 13,578	- - - - - - - - - 46,909 49,544 - 20,723 20,723 - 20,723 4,856 25,579	157 841 455 1,248 607 4,437 1,464 13 1,477 108,491 121,813 - 29,513 29,513 - 29,513 9,644 39,157	92 857 867 993 900
				4,394
				1,464 13
				1,477

				104,736
				117,903 -
				(14,181)
				(14,181) -
				(14,181)
				23,825
				9,644

Page 10