Charity Registration No. 1162242
SEVENOAKS DAY NURSERY CIO
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

SEVENOAKS DAY NURSERY CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Tru5tee5
Susan Dreksler
Stephanie Jenkin50n
Abigail Wells
Carolinè Bramley
Natasha Manson
Chloe Ghuznavi
Charity numbpr
1162242
Principal address
Rear ol Bat and Ball Centre
Offord Road
Sevenoaks
Kent
UK
TN14 5DN
Independènt èxaminèr
Caroline Ward FCA
A4G LLP
Kings Lodge
London Road
We$1 King5down
Kent
UK
TN156AR

SEVENOAKS DAY NURSERY CIO
CONTENTS
Page
Twstees Report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes lo the financial slalements
7-12

SEVENOAKS DAY NURSERY CIO
Page 1
TRUSTEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their repotl and financial 51alemenls for the ye8r ended 31 Deomber 2024
The financial 51alemenls have been piÈpared In atcord8nce with the accounting policie5 Sel out In note 110 lh& financial
st31emenls and compty wilh the Charity's conslilulion, the Charil*s Act 2011 and 'Accounling and Reporting by
Charrtie5.' S131emenl of Recommendgj PracliGe applicable 10 Chaiilies preparing their accounts in accordancè with the
Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 las arnènded for 2ccouniing
penods commencing fiom 1 January 20161.
0¥8r¥lgw
The Charills obiedives are lo enhance the developmenl and educÈlion, artd promoie the Care. safety, heatth and wèl
bèing. of children residin9 In Sevenoaks anLI ils neighbourhood, by Ihe provision of day tsre lacililies, nursery
education, atternalives lo foster care and emeigency c3re lor children In cases ol famity crisis.
Therefor8. we ensure the ￿ve1 of charges foi amendance al the Nursery are Cons￿er2b1Y below the Tales charged by
commert181 nurseries oper81ing In the area 3nd we provide free childcare. at the Trusltes. discretion. lo childien of
fami15ès al economic d1s2dvanlage oi who would benefit frorn support due lo illness or cris1S.
Al the same lime, Il Is the aim of the Charrty io ensuie the continued financral su514inability of lfvè Nursery bearing In
fflind the need lo accumulate. ovÈr IitnÈ. SLrfficiÈnl funds to enable the Nursery to replaTr the current buildings ¥vhen
they reach the end of IheiT useful lrfe
The Nursery caters for up lo 57 childien a day wrth 2 reserved emergency se5signs available. 11 also Offers limited free
sessions In the event of unfoTeseen circumglances.
Slaft costs. as expected. remain the Nursery's largest Èxpenditure at 82 1. lol all costs).
Madde Eleby, our Nursery Manager of five years. relirèd from the nursery In Apnl 2025. Her succes50r Susie Gilshnan.
previously the DepLrty Managei look over from May 2025. Madde will ¢onlinu8 10 5UPPOrt Susie as a fflenlor ovei the
next 6 rnonlhs lo ensure she has all the support neèded In new role.
The following Trustees, who ale responsible for Ihp gverall coniinued operation and success of the Nursery. v4ho
fulfilled th15 role during the year 8nd up lo the date of signature of Ihe fin8neial sialemenls are as lollow5'
Stephanie Jenkin50n-, Abigail Wells, Caroline Bra[￿￿y, Natasha f4lanson-. Chloe Ghuzn8vi
No further Trustees were appointed Ihis year. However. aftÈr 12 yé8ts Su& Dreksl8r h85 stepped down as Chair of
Iruslees and Slephanie Jenkinson has now taken overthis role leffeclive Jan 20251.

SEVENOAKS DAY NURSERY CIO
Page 2
TRUSTEES REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial RÈVIÈW
Our 81rn IS to avoid rnaking su￿luSe8 or deficits lafter deprecialionl
There was a net surplus ol income over expenditure In th8 year aTnouriling lo £66.26212023-. £15.372
The surplus when added to the accumulated funds brought fomard gives a balantrÉ to carry forward of £626,817
12023. £560,553).
The financ121 position Is considered satisf8clory with the overall aim lo keep fees charged as low as possible with
adequalè levels ol trained staff. well maintained accommodation enhanced by fundraising aclivilie5 to support the
Nursery and provide additional equiprnenl as required.
In addition, the Charity aims lo build up funds to rÉplace our buildings as Ihey reach the end of their useful life. Surplus
funds held for this and other c8pilal projects are held in a Ch8rilies Oflicial Inveslmenl account.
The Trustees have assèssed the maier risks to which the Chanty is exposed an(1 a￿ satisfied that systems are in
place lo miligale exposure to m3jor risks.
Extract of this year's Balanc& Sheet for r•ference-.
Undesi9nale(l Funds
342,317
Designated Funds
Wotking Capital Reserve
Closure Reserve
Accomrnodalion Reserves
45.000
67.500
172,000
284.500
Total Funds
626.817
Notes.
rhgre were no reslricled funds as al the year-gnd However, In order to provide for futu￿ conlingÈncies we have sel
asitle funds fTrr the following purposes
.The Vlorkifig Capilal Reserve provides emergency funds in the event of business Inlerruplion.
.The Closurè ResÈrvÈ provides tor our slalutory oblig81ions le.g. redundancy paymenisl In th¢ unlik@ly
vent of closure.
.The Acrommgijatign R&serve provides for the future accommodation of the Nursery.

SEVENOAKS DAY NURSERY CIO
Page 3
TRUSTEES REPORT ICONnNUEOI
FOR THE YEAR ENDED 31 DECEMBER 2024
Re¥prves policy
The reserves policy was adople(l and updated 1st August 2024 and contains the following policies and ￿qUIred fynds".
To provide working capital for the day to day operèlion of the nursery. Funds for Ihis purpose should not
eyceed an average of one month's tash oulgoings. Al Isl Augu512024 this arnounled to £45.000.
To provide for statutory obligations In the unlikely evgnl of closure. At 1 sl August 2024 the only known
obligation Is redundancy pay which would awount to £67.500 12023.. £65.0001
To piovide funds foi the future accomrrodalion of the Nursery The new building purchased In thg year has
an expected lifespan c>f 25 years. 11 Is our Intention that a reserve is accumulated over the nexl 25 years lo
provide for Ihe fuluie accommodalion of the Nursery. Al an average inflation rale of 2.5'k over the next 25
years we would need to save £880,000 lo ￿place the new building. In addition to this, the now Èc4uired
Pro-s¢ho¢l room £30,000 IDÈC 231 we have faclor8d In that over the next 10 years WÈ would need lo save
£300,000 lo repla¢e this building.
On 1 January 2017. the Charily was converted to 3 Chanlable Incorporated Organi881ion ICIOI charity number
1162242. wlh 8 new constilulion. The objectives and activities of the ChÈrity are unchang8d.
The principal address of the Charity can be found under Legal and Admini51ralive Information.
The Trustees who seroed during Ihe yèar and up lo the date of signalure of Ihe financial slatetnEn15 were
Susan Dreksler
Stephanie Jenkinson
Abigail We115
Caroline B[aM￿Y
Natasha Manson
Chloe Ghuznavi
None of the Trustees has any benefieial interest In the Charity
Appointmenl of the Trustees is governed by the conslituli(In of the Charity- The Board of Trustees is aulhor15ed lo fill
vacancies arising through resignation or death of an exisbng Trustee, or lo iecruil additional Trustees.
Thus the day-ttHlay manageFnEnt ol the Chanly Is vested In the Nursery Manager.
Nursery Manager.
Maddie Eleby
The Board of Trustees keeps the skill requireTnenls for the Truste? Board under review. Training expenses are
provided for Trustees ltrgelher with an Induction pack for new tFuslees comprising a copy ef thè conslilulion. a copy of
the previous year's 3nnual report and accounts, copies of Board rninules and copy of the Charity Commission'5
guidance -The Essential Trustee..
As a provider of childcare. the Nursery is registered with OfslÈd and must meet the conditions that Ofsled plac85 on
registration al all limes that we provide registered G3re, as well as other requirements for regislralion.
The Trustees report was approved by the Board of Tiustees.

SEVENOAKS DAY NURSERY CIO
P8ge 4
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
I report lo the TruslÈÈs on my examination of the financial statements of Sevenoaks Day Nursery CIO (the Ch2rilyl for the
ye2r end&d 31 December 2024
Responsibilitie8 and basis ol report
As the Tru51ees ol the Charity you are responsib￿ for the preparation of the financ4al sialemenis in ac¢ordance wlh the
requirements of the Chanlies Atl 2011 (the 2011 Acll.
I report In respecl of my Éx8minalion of the Ch8rity'5 financial sialetnents carried out undei section 145 of th& 2011 Act. In
carrying out my exèminalion I have lollowed all Ihe applicable DirectlDns givÈn by the Chartity Commission under section
14515llbl ol the 2011 Acl.
The accounts are not required lo be audil&d under Part 16 of the Companies Act 2006.
Independent examiner's statement
Since the Charity's 9ross Income exTreded £250.000 your examiner must be a member of a body Iisled In section 145 of the
2011 A¢1. I confim that l am qualified lo undertake the tX8minalion be￿uSe l arn a member of Ihe ICAEW. which Is one of
the listed bodies.
Your attention Is drawn lo the fact that the Charity has prepared financial slalernents in accordance with Accounting and
Reporting by Charities prep8ring their aecounls in accordance wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Ch8rilies Slalement of Recommended
Practice issued on 1 April 2005 which is referred to In the exlenl regulations bul has now been withdrawn.
understand that this has been done in order for financial stalements lo provide a true and fair view in accoruancè with
Generally A£￿pIed Accounting PraGtice effective for reporting penods beginning en or aller 1 January 2015.
I have cornpleleJ rny exarnination. I confirm that no matter5 h8ve come to my attention In connection with the examin21ion
giving rne cause t¢ believe that In any material ￿specI..
accounting records were not kept In respect of the Charity as required by section 130 of the 2011 A¢l.- Or
th8 finaneial sl8lemenls do not accord with those record5-, or
the financial slalemenls do not comply with the applicab￿ requirernents conceming the fom and content ol
accounts sel out In the Charitie5 (Accounts and RÈportsl Regulations 2008 other than any requirement that the
accounts give a true and fair view which Is not a Tnatter considered as part of an Indepen(lenl examination.
I have no ¢on¢erns and have ¢ome across no other mallers In connection with the pxaminalion lo which 8ttention should b?
drawn In this report In order to enable a proper understanding of the finan¢ial slatÈment8 lo be reached.
CarDline Ward FCA
A4G LLP
Chartered Accountanls
Kings Lodge
London Road
West K1Dgsdown
Kenl
UK
TN156AR

SEVENOAKS DAY NVRSERY CIO
Page 5
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Restricted
ncomo
lunds Total lunds
Prior year
(tr24
2024 funds 2023
Unrestrlcted
fijnds
2024
Rtstrieted
lunds 2024
Infjome
Incorne and endowrnènts from..
Donations and legacies
Ch8llt8ble adivities
loveslinenls
Total
Expenditure
Charitable expenditure on..
Teaching and care of children
Running costs and maintenance ot the
nuisery
Total
2,842
623.564
13780
$40,186
2.842
623.564
3,726
498,743
11 109
515.578
640.186
506,484
506.484
430.647
63 970
570,454
69.558
500,205
3.468
573.922
Net incomellexpenditurel
Tiansfers between fufjds
Other recognised gainslllos5esl'.
Net movefflenl in fund$
69.732
3.468
66.264
15.373
69,732
3.468
66,264
15.373
Reconciliation of
funds..
Total funds brought forward
Total funds carried forward
557,085
626.817
3468
56D.553
626,B17
545 180
580.553

SEVENOAKS DAY NURSERYCIO
Reolslralkn 1182242
PAg8 6
BALANGE SHEEr
FOR THE YEAR ENDED 31 DECEMBER 2024
Unr••trf¢￿ In¢orn• 7•t•l thi¥ Totsl l••t
nd
nd•
2024
2024
2024
2023
d u••ts
TarwJibkn as8e
Totsl IW aM•ts
215 316
315.316
315 316 321.227
315.316 321.227
Fixed Asw Irt¥¢strs￿t
227.590
21.786
138,186
21.766
82.775
136 198 297 811
JaS,6SI 330.326
Cash al bathk irE
10
G1•a￿￿' wnoixits I￿rg auewmnin
one year
11
74.049
74.049
91.080
M•t¢uff•ntm•••tslUl•bllltl••>
311.502
311.W 239326
Totsl ••••l• IM• aurr•ntllabllEII••
$2&817
826,817 560,553
Totxl n•tu••ts orllabllltl••
826.817
626.817 560.553
Fund• otlh• ¢h*rfty
13
13
626,817
626 817
828,817 5S7,085
626 817 seo 5S3
Totsl fund*
Th? f￿￿¢1•1 slai•rn8nts worn •prrfov¢d bytha Trt*kng8'.
stephan￿ J•nkinson
T￿tee
Dat¢¢t Troll. Iz£
Man
TNsts8
IdllOIts

SEVENOAKS DAY NURSERY CIO
Page 7
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Basi5 of preparatltsn
Charlty Infomiaiion
Sevenoaks Day Nursery CIO Is Incoipoialed ¢hanty and is consliluled under a COnSlilLrtion. 111$ incorpuale
in England and Wales under chaiity number 1162242.
Basls of accounting
These financi81 slalemen18 have been prepared undèr the hision¢81 Cost convenlion. as rno¢ified by the
revaluation of certain 35sels Nthpie required, and In 8c¢ordantt vAIh-.
Ihe Charities SORP IFRS ID21--AcGDuTrling 8nd Reporting by Ch8rilies" lapplicable for accounting periods
beginning on or after 1 JanLJary 20151.
the Financial Reporfing Slandard applicable In the UK and Republic of Ireland IFRS 102}. and
Ihe reouirernenis of the Charities Act 2D11.
The ¢h8Yily mee15 Ihe definition of a public bÈnefil entity under FRS 102.
Golng Concern
Al Ihe lime ol approving the financi81 siaitmenis. Ihere are no material uncertainl￿9 aboul the enirty's ability lo
onlinuÈ. The Tru$iee$ have a reasonable expecl3lion Ihal Ihe Charity hats 3dequale resources lo coniinut In
Charltable Funds
Unresiricled funds Sre avsilable for use al the discrÈtion of the TNsiees In furtherance ol IheiT charrtablÈ
objectives unless the lunds have been designated for other purposes. Reslricled lund5 are subiecl 10 spe¢ifi¢
conditions by donors as lo how they may be use4. The PU￿D$e$ and uses of the reslrided funds ale sel oul In
the noitrs 1¢ the finaThcial gtatemenis. Endokn¥meni funds are subject lo 5pècifit condiuDns by donors that Ihe
capital musl be m31nlait*d by the Chanty. No such fvnds are Curienify hel(f.

SEVENOAKS DAY NURSERY CIO
Pa9e 6
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
InrornE
IncDmE 15 r*ognised in itte Statement ol Financial Aciiyilies ISOFAI ¥sfien
Ih@ charity Èntilled to Ihe resour￿$.
Ihe monelary value c3n be measured vAlh sufficiénl r@liabilrty
ThÉr8 has beén no offgENiThg ol assets and Iiabiliiies. IK Income and expEnse5, Un￿￿¥ required or pertnitted
th& FRS 102 SOFtP Dr FRS 1D2
Grants and ¢on3Iions are r￿gnISed irn thè siaiemÈnt tsl Finantsal Acivitie5 ISOFAI when Ihe chanty Is
entirf&J lo the Income. receipt Is probatle, and Ibe 3mounl mÈasured rdiatdy. In accordaKe wth the
Chaniies SORP IFRS 1021, P3ragiaphs 5 10 to 5.12
Conif3Ctu31 Income and ￿rforManCe relala grpn1s a* only Included In the SOFA On￿ the ch3rrty has
prowdeo Ihe related go￿$ or services or meithe Perf1￿Man￿ rdaled condiliDna.
The ¢hanty has Incurred expenditurè on supptsrt tDsts.
Income from Intere51 Is Included In Ihe accourt5 when receipt Is wobablÈ the amount re￿I￿a￿e can be
Measured rel13￿Y
abililie5 arE recognised there il 15 mole likely than rbol that there i¥ a leg¥ or Conytructive o￿l93t￿}n
mitting the charity lo payout iesovices thè amount of the oNigalion can be measured vrtlh
Support Costs have teen all¢xaled ￿e￿￿en goveinance CQ$ls and other $upport Govemance c051S
EoTnpri5e all tOSlS Involwno putrAic atcouniabiliiy of the chanty and Ils compii¥nc£ wlh r4ulaiiOTh and ots)d
The charity made no re¢und¥ncy payments dunng the reporting peiiod
No material Item ol deleired Income has been Induded ID the accounls.
The eharity accou￿$ lor basic financial In51rumen15 In accordance wlh SediTrn 11 ol FRS 102 and thE
hanbes 50RP IFRS 1021 Basit firt3neial assets. Including deoiors and cash. are Inili?Ily remgnised at
Iransaciion pricp an# subsequently tnesgured at amorti>ed ojgi Basic financjal Iiabiliiies, Includin9 (YEdilors.
are Inityally rewnised ai transaction price ?nd subsequently meagured ai amortised c05t
Expenditure Is allocate¢ lo aGtiwlies In the Statement ol Financial Actiwties ISOFAI based on Ihe dir&cVy
attnbutable costs for each actiyitry Supwn and govemance ¢osis are apportioned to Gh3niable adivoies
reasonable and consisienl basis. such as staff time oi usage as appropnaie
ExpÈndilur¥ relating 10 1eaetting and care ol children Include5 direct staff c051s. art ￿￿ten￿lS and Krtchen 8n
meal costs forlhe children.
Expendiluie on running costs and maintenance of the Nursery includè$ 811 ¢osis r￿atIng to Ihe running of the
emiSe5, gDvèmanCÉ tDStS and Support costs
Assets
Tangible fixed assets are Initialy measured ai cost and subsequendy meg5ured at ctsst Or valuat￿Th. nÈi ol
depreciatiOTh and any Impairmenilosses
Oeprecialio? 15 reCrynIs￿ so as ID Mle off the ￿$t or valuation ol assets less their residual values over their
useful lives on the lolltrmng bases
Land bu1￿1￿95
Fixture5 fittings & wuiprnent
The gain or1055 arising on Ihe disposal of an assel Is deierrnlned as Ihe ditTeren¢e beTr￿en the sale PToceeds
artd Ihe ￿rying valuè ol the asset 2nd IS recognised in nel Incomej
Debtors IincludiDg irade debtors an¢ loans receivable) are measured Initsal recopnition at sertkmenl
amount arter any ttaae discounis of amouni advanced by Ihe Chanty. Subseguenuy, they arè measured al
thg cash amount orothpr consideration exEected LO be received.

SEVENOAIIS DAY NJRSERY CIO
NOTES TO THE FIN&N¢L4L STATeMeNTS (CONTINUED
FOR THE YEAR ENDED JI DECEMBER 2024
Incorn
PeE5 reGEIv4b
42) $64
4Dts 743
•n4itL
Thib wi-2024
Runn￿9
nulTh1eNnc•
orth•
4re ol
na(4￿
lth*
nvr&ery
IP4
?8657
J5D66
7.6b7
567
Joy
2.0
3b
758
TOTALEXPENDITUAE

SEVENOAKS DAY NURSERY CIO
Page10
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Support Costs
Support costs
2024
Governance
Gvand total
2024
2024
2023
Bank charges
Independent examinets fees for preparation of
accounts and extÈrnal scrutiny
Other accountancy and profÉ55ional feos not by the
Independanl Èxaminer
Total
78
78
67
1.440
1.440
1.440
2,552
2.552
2.707
78
3.992
4.070
4.214
Paid empltsyÈes
Slaff Costs
2024
2023
Salaries end wages
Social secunty costs
Pension c0515 Idefined contribution scheme)
Total staff costs
440.124
28,667
7.607
476.398
375,799
21,888
6.286
403.951
2024
2023
Tolal amount paid lo key rnanagernenl ppr50nnel
65,370
87,329
Averaye head count in the year
Thi5 year
Number
Last year
Number
Charitsble Activilie5- Nursery
Chaniable Activities- Admin
Total
18
There were no ex-gralia payments to employees and others
Ntr employees rec*ived èmployee benefits (excluding employer pension cosisl lor thè reporting period of more than £60.000

SEVENOAKS DAY NURSERY CIO
Page11
NOTES TO THE FINANCIAL STA TEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEM8ER 2024
Tangibl• fixgd aslgtg
Coel or¥alu8Uon
Flxturos.
Fig•hold thngi an
Iquiprn•nt
Totsl
424 82a
27,855
4.035
452.663
At eThd uFthE year
Dèpfxl•t5on and Impalm)en
Totsl
4%6
20%
At beginnins of the year
At Winnin9 of yo8r
108.92T
22.528
lrnpairrnent
At the year
Net book vAlue
Net ￿0k value al the begInn￿ng ottheyehr
s15.￿1
5327
321.227
Net o¢ok valve al Ihè tnd thè y&ar
307 752
7.564
FiAfdA¥•ot Inv•¥im#nt
ygar
CCLA Investment
Totsl
227 590
The ¢h¥nris Inveillnoniin tho COIF Chantigs Ethic￿ lThvEstmBnt FuThJ forms pan ol its IDn*teim
re5ertyeS 51Trtegy and IS Iniendtd to 9¢ntrat¢ Income and Ca￿$4 9rowth ov@rtim@ In 8 manner
con5I5tent witr thechanty5 Ethiral and obiectivt
Thè iTrveslMÈnl IS hdd al fair valwba&ed on vnil prKe puN15hed by (hel￿nd manager
ICCLAI ès at the dait.
Dèbtors and propaym8nt8
ADaty•i¥ dgbtor4
Thls
Llytygar
Ttad? oebt¢rS
Prepayfflents acctuea Income
15225
6.332
208
26768
6.007
Ttstsi

SEVEP40AKS DAY NURSERY CIO
Peye 12
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Cash Lt bank and lrt hand
2D24
2025
Analysi$ rf rr•diE¢
Amounis talllfig wl¢hln on*yg4w
Amounls f411ing dupafttsr
more
2414
202J
2024
2023
Ott￿.r and 5o(ud S￿[ur1
Perb31Q
7.%3
9.653
29.63b
34.322
J7
Attruals aThd intom
Tolol
Ev•nte Aftèrthfj Of ¢h¥ vfypothny
On 30Apnl 202PJ, the Nur5Ery PAan4eT. FI￿y-￿rg¥iIL￿d. le￿￿rIed She has been swceedeQby Su34e Gi15hThbn w Nvr5ery Vpnagei.
Cb4rityfund?- curtsDI ye4r
Furtd
Incomo Incomè lunds Purp054 and Rv51rictions
brought
F￿nd balances c4frKd
lorward
DwslgThitwd lund
Deslgnaled for Ihepurrkn￿
3.46
Ing CapiiAI RV.sè￿É
45.OW lomee1 d4y-l0￿￿8¥
opFt811)n41 and ttishfl(w
nefjds
45.000
45.000
$lè￿tQry l¢duffidanr¥
C105ure Re5eNe
2.5UD
67.500
operauor
Ocsignalea lof thetrbEin
1T2,Om buèldity r￿buildtos1$￿d Tr
fulure'clth RDCM. rebuild
AEEDmmDdBlIDn Re5Elve
118.C
172.QQD
00
Ch4rityiurtd*. ts8t year
Fund
Income Inromg P￿rpOs0 RèstrtctlDnS
Fund balancDs Ellrtièd
laTWITd
forward
lficom• Exp•ndllurg
Dé8lQnatéd f￿fftd
ltsr mèpuichasè
01￿MI￿re$ fiMJry5 forth
3.466
3.466
Dosiwn*pd lo ensure
VIO￿l￿g Capital Re5eive
4J,(W lo meel day-1trdav
oporatronal and ca$h flr
n¥yd5.
45.(K
45,D
5tslulory
65.wo ￿oSure costs. the
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