REGISTEREDCHARITY NUMBER: 1165392 Re ort ofthe Trustee5 and Financial Statements for the Year Ended 31st Jul 2024 for The John Burns Foundation Ashmole & Co 3 Market Street Llandeilo Carmarthenshire SA19 6AH
The John Bum5 Foundatlon Contents of the Financial Statements for the Year Ended 31st Jul 2024 Page Report of the Trustees Report of the Independent Audilors 9 to 12 Statement of Financial Activities Balance Sheet 14 Cash Flow Statement 15 Notes to the Cash Flow Statement 16 Notes to the Financial Statements 17 to 31 Detailed Statement of Financial Activltles 32 to 34
The John Burns Foundation Re rt of the Trustees for the Year Ended 31st Jul 2024 The trustees present their report with the financial statements of the charity for the year ended 31st July 2024. 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 Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l Januarv 20191. The John Burns Foundation is a Charitable Incorporated Organisation ICIOI established in February 2016 and exists as a CIO to make a dÉffeTence to the lives of people and companion animals across the UK. The charity delivers resources, skills and prattical life improvement projects as well as financial donations, particularly where the countryside, horticulture, education and where positive animal asslsted therapies are involved. The charity continues to (Jevelop exciting innovarive projetts and rneaningful partnershlps with Social change and welfare organisations to meet OUT charitable objects by offering practical, recreational and educational 5ervice5 to help people to gain confidence and learn life and work skills. whilst tackling soc531 isolation. OBJECTIVES AND ACTIVITIES Obje¢tives and aim5 Our charitable purposes and objerts are to". The Charitable Objects for The John Burns Foundation afe= For the public benefit to promote the education of people In such ways a5 the charity trustees thlnk fit, including by training or retraining particularly amongst unemployed people in farmiTrg, horticulture and woodland related countryside skills,. To promote social inclusion for the public benefbt by preventing people ffom becoming socially excluded relieving the needs of those people who are socially excluded and assisting them to integrate into society. {for the purpose of this clause '50cialty excluded, means beinB excluded from society, or parts of society, as a result of one or more of the following factors.. unemployment,. youth or old age,- ill health Iphysical or mentall,. di5ability,' poor educational or skills attainment.) For the benefit of the public to relieve the 5ufferinB of animals in neerf of tare and altenlion in particular by providing financial or other support for anlmal welfare organisations to enable them to further charitable purposes Such general charitable purpose5 as the trustees may lime to tlme deterrnine. Page I
The John Bums Foundation ort of the Trustees for the Year Ended 31st Jul 2024 OBJEcfivES AND ACTIVITIES Significant activlties The three main umbrella programme5 that meet the objects of the John Burn5 Foundation are.. Burns by Your Side. The Burns Betler Tomorrow Programme. Burns in the Community. Additional setvices and events have been developed outside of the main three programmes. During the financial year the Foundation worked with 43 different organisations lo delFver services and interventions to further the objectives of the charity. AmonBSt these were: A warm space- a multi-use space to use for those who stwggle to heat their homes Tai Chi Classes for wellbeing Burns by Your Side Dog Training accredited by Animal Asslsted Inter¥ention International. The Community Bus Servl¢e- Collaboration with Dolen Teifi. Dotty Day Trippers - Braille Reading Collaboration with I believe I 'Eye Can, a children's charity for children who are blind and partially sighted. Chair Exerclse for people with limited mobllity. Baby Massage- in collaboration with TWF Welsh Government Welsh Language Promotion. Community drop-in sesslons with Dyfed Powys Police Falls preventlon workshops with Aclif Sir Gar Footcare and Chiropody {affordablel with private provider Angor - activities in collaboration with Angor a registered charity supporting those with life limiting illnesses. Public benefit Trustees have regard to the Charity Commission's guidance on public benefit. People The team is managed by our Chlef Executive Officer Mel8nie Jones, who joined the organisation in October 2019. She is supported by Project Managers, Chris Cray for The Belter Tomorrow Programme, Abigail Steanson for the Burns by Your Side programme and Sarah Davie5 for the Burns in the Community programme. Ryan Peters Is Hospitality & Facilities Co-ordinalor. an arm of the charity that generates income to support our charitable acttvity. We have a total staff of 14 individual5. Page 2
The John Burns Foundation Re ort of the Trustees for the Year Ended 31st Jul 2024 ACHIEVEMENT AND PERFORMANCE Achievements and Performance Burns By Your Side Scheme Our flagship outreach project has grown from Stngh to strength with our volunteer base expanding in numbers from 15 in 2017 to 72 active volunteerlcanine teams working in schools and education settings ocross five counties. In the last 12 months over 14,000 reading sessions were delivered. We have participated in a consortium of service providers across the UK to develop robust training and minimum standard5 which were loosely based around our praclices. This now means we are leading the way in terms of training which meets the new standardised guidelines. We hLTrld accreditation by Animal Asslsted Interventions International io provide training equivalent to the Kennel Club Good Citizen. We have established a training centre and are offering a range of dog training courses for our BBYS volunteer teams In four locations, which generates income for the John Burns Foundation. We participated in the Pembrokeshire Cnjcial Crew Programme this year delivering talks on Dog Safety to over 1,000 year 6 pupils. We continue to engage in talks and workshops to educate the general public with regaids to dog behaviour and trainin8 methods Burn5 Better Tomorrow Programme Our Better Tomorrow programme is ihriving with addilional group activity being undertaken in our gardens as well as at our Flagship Canolfan John Burns CenlrÈ building. Particular achievements have been the engagement with the otcupational therapy teams for ihe NHS, a project with Mencap to encourage volunteering amongst their service users. Our programme activity is centred around The CLASH (Community led action for sustainable horticulture) Project which was established in May 2023, following ihe confirmation of funding from the Dormant Assets Sustainable Steps Wales National Lottery fLFnding. We identified that within our community many people struggle to see how they can be engaged in action to help tackle the climate emer@ency on their limited budgets. There are pockets of the community that are Fn the top of the Welsh Index of Multiple Deprivation. The participants in this project are actively responsible for the production food stuffs, such as fnJf( and vegetables which will be distributed amongst it5 members or donated to other local initiatives. There is a focu5 on organiclno diglrestoration approaches that can be demonstrated to produce carbon neutrallnegative re5uIt5. Our Key activities ale to= Develop and share 'green economy skills" with a large number and range of local people, as well as partnering enterprise with oiher local businesses and organisations. Produce a diverse range of 'climate friendly" foods with members, promoting the association between healthy diets (fresh fruitlvegetable etcl and enviionmentally sound behaviour. Create lasting climale friendly production. consumption and disposal behaviours. Our Project Concept is built upon a model called the "BEHAVIOUR CHANGE WHEEL" This model seeks to empower individuals, creating lasting behaviour changes by facilitating them to develop new capabilities, opportunities and motivations. 215 beneficiaries have been recrutted to the project. Page 3
The John Burns Foundation Re rt of the Trustee5 for the Year Ended 31st Jul 2024 - 91 have been participating for < 6 months. The total hours contributed on site have been 9.507 during thrs finantial year. 40 varietie5 of fruit and vegetable planted and harvested. 607.88 kg of produce this growing season, 1,963.88 kg of total produce. 26 recipe5 produced by the beneficiaries on site. Recipes are focussed around seasonal produce plcked from the gardens that day. 129 project beneficiaries were from the bottom 2 quintiles of WIMD. 6 months participation showing habit forming behaviour ch3n8e in 79% of participants. Food For Thought We also secured further funding from the National Lottery Community fund to exterbd our Food Educatlon Programme. This project is to teach people how to prepare healthy meals for themselves and their families and learn about why cookin6 from scratth using healthy season31 produce provides huge health and rjnancial advantages. The focus 15 to develop kitchen skills and to ensure that participants build confidence in order to transfer these skills to the home and eat healthily. Burns in the Community BuTns in the Community is our way of enriching the lives of people who live in our community. The project provides suppori for individuals who have ihe potenti81 to become socially excluded. We work with local community groups and a whole host of social organisations. Our fantastic new headquarters set in 20 acres of land has been designed specifically to give u5 the space to develop and expand our charitable objectives, thereby maximising our work within our community. We continue to deliver and work with partner organisations to bring services into the community such as parent and baby groups, socialisation groups for the elderly and preventloll 5ession5 run by the emergency services. Community Bus and Ele¢tri¢ Car Service To meet our charitable objects around social isolation and tackle this challenge head on we provide a local community transport service to enable individuals to attend the regular programme of activities provided for targeted gioups in the area. We can provide transport to these activities by utilising our fully adapted minibus. We have a 18 seater fulty adapted bus with tail lift as well as an electric MPV in assoclation with Dolen Teifi. Over 17,500 individual beneficiary session5 were provided to community members during this financial year. FINANCIAL REVIEW Financial position During the year. the charity has generated a net income of £1.615M 12023- net expenditure £135KI. This has been possible because of the donations from Burns Pet Nutrition Lirnited and Mr John Burns. In the absence of these donations, an annual net expenditure of £394K would have been sustained. Burns Pet Nutrition Ltd have committed to 511PPOrtine the charity until December 2028 which will allow sufficient time to secure alternative funding sources. In the meantime, the trustees will continije to monitor progress in both our trading activity performante and in the sourcing of additional charitable income through grant applications. Page 4
The John Buins Foundation Re ort of the Trustees lor the Year Ended 31st Jul 2024 FINANCIAL REVIEW Investment policy and objectives The Foundation will seek to obtain the best income return5 on its capital reserves to partially fund Its ongolng operations. The trustees have a low appetite to risk and therefore investments will only be made in low to medium risk proilucts and in all cases. care is exercised so that our capital 15 secured and protected. Reserves policy In the longer term, the trustees will aim to maintain free reseeS at a level which equates to approximately six months of charitable expenditure. It is considered that this level will provide sufficient fund5 to respond to the commitments made to our beneficiary group5 and ensure that support and goveinance costs are covered. Free re5erve5 as at the balance sheet date amounted to £623,862. which comprise ihe charitable assets that may freely and quickly converted into cash. This does not include the woodland which 15 viewed by the trustees as a long-term investment for the future development of charttable activitie5. The trvstees are mindful of the need to diversify its sources of funding through alternative grant funding. donations and trading activity and therefore feel that the current level of free reserve5 is appropriate, at present, to enable its activities to continue until alternative funding is secured. This policy will be regularly reviewed. Going concern The charity is depended on donations from John Burns and Burns Pet Nutrition These donatiofis are expected io decline durin6 the next 3-4 years and the tiustees are mindful of the need to secure alternative soufces of funding. The charily has developed a 5iEnificar)t trading activity which are expected to generate annual Surpluses. This activity. as well as a continued proactive drive lo secure alternative grant funding is expected to enable the charity to meet its outgoing expenditure obligation5 on charitable actlvities In future without the need to rely on donations from john Burns. At this point in time, the chaiity ha5 significant free reserves which will allow reasonable time to secure Ihe alternative funding sources Dlscontinued activity During the year, the Foundation discontinued its involvement in the Burns By Your Side activities in Ireland and all assets a550ciated with that activity was transferred to 'Reading Dogs Ireland,. In view of the changing funding arrangements within the Foundation, the trustees felt that the cor)tiThued involvement in its activities in Ireland was financially un5LlStainable and the concenlration of its activities within South Wale5 was in the best interest of the charity. Page 5
The John Burns Foundatio Re ort ol the Trustees for the Year Ended 31st Jul 2024 FUTURE PLANS Key Aims of our work in 202412025: l. To grow our commeicial activity by continuing to rent out space in our building on a sessional basis and our Glamping site. 2. To grow our volunteer base to increase our capacity (numbers of people and the wealth of expertise). 3. To further develop fundraising channels including grant funding applKations and commercial activily. 4. To maximise the potential for PR and marketing. 5. To evaluate and illustiate how our work is impacting on the communities we are working with. 6. Smarter working. communications. operational models and governance. 7. Proposed capital projects- the John Bums Legacy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its 8overning document and a deed of trud. The Foundation was iegisteied in February 2016 and was amended as a Charitable Incorporated Organisatlon in February 2020. Retruitment and appolntment of new trustees In line with best prattiee and the Charity Governance Code. the board continuousty seeks to enhante the diverslty of its skill set. Trustees are subject to a rigorous interview, probationary period, checks and induction to support them in becoming effective member5 of the board. Working in the best interests of the Charity. Trustees play an engaged role. volunteering their time and support freely, contributing the benefit of their professional expertise and experience and collaborating to protect and develop the Charity in a heavily regulated environment. Trustees are eligible for election to a maxirnum of six years tenure. All new trustees of the charity undertake a formal induction to the charity's operation and activities, alonB with receiving a job description and a copy of the board's code of good governance. Management and governance Day to day management is delegated to Chief Executive. Trustees meet quarteily to monitor performance and to make strategic decisions. Risk management risk register has been developed to ensure that risk management is a core part of our operating procedures. It is regularly reviewed by the management of the foundation. Risk management is inherent in all the Charity's activitie5 and key risks broadly cover volunteer managernent. safeguarding of vulnerable groups, data protection. finance governante and compliance, health and safety and information technology. One of the key risks identified in the period was the protection of personally identifiable data, recognlslng the risk of non-compliance with GDPR. Thi5 was managed by implementing targeted policie5 and procedures and staff training. Trustees are satisfied that risks identified are rigorousty controlled and regularly monitored through internal and external sources and that they are property mitigated and rnanaged to ensure the Charity remains compliant and meets the highest standards of care for client groups and the general public. The trustees will review this document Tegularly. Page 6
The John Burns Foundation Re ort of the Trustees for the Year Ended 31st Jul 2024 REFERENCE ANDADMINISTRATIVE OETAILS Registered Charity number 1165392 Principal address Canolfan John Burns Centre Par¢ House Carmarthen Road Kidwellv CaTmarthenshire SA17 SAB Trustees R J Mathias D D Harries J Burns Auditors Ashmole & Co 3 Market Street Llandeilo CarmaTthenshire SA19 6AH Bankers Handelsbanken 14 Axis Court Mallard Way Swansea Vale Llan53rnlet Swansea SA7 OAJ Solltltors DIM Law 16 Axis Court Mallard Way Swansea Vale Llansamlet Swansea SA7 OAJ STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. Page 7
The John Burns Foundation Re ort of the Trustees for the Year Ended 31st Jul 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reporisl Regulation$ 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which gsve a true and fair view of the Stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charity for that period. In preparing those financial statements. the trustees are required to select suitable accounting policies and then apply them consistentty- observe the methods and principle5 in the Charity SORP,. make judgements and estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inèppiopriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulation5 2008 and the provislons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on..? 31.o..flio%.r.......... and signed on its behalf by- ns Trustee Page 8
Re ort of the Inde endent Auditors to the Trustees of The John Burns Foundation Opinion We have audited the fjnancial statements of The John Burns Foundation (the 'charity'l for the year ended 31st July 2024 whith comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity'5 affairs as at 31st July 2024 and of its incoming resources and application of resources. for the year then ended- have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practice,. and have been prepa in actordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilitles for the audit of the financial statements section of our pOrt. We are independent of the Charity in accordance with the ethical requirements that are relevant to OLtr audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responslbllities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accotsnting in the preparation of the financial statements is appropriate_ Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast Significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going ¢oncern are described in the relevant 5ection5 of thi5 report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial Statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the oiher information and, except to the extent otherwise expliciily stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audil of the financial statements, our responsibility 15 to read the other infoimation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audii or otherwise appears to be materially mi5Stated. If we identify stjch material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material mi5Statement in the financial statements Ihemselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regaid. Page 9
Re ort of the Inde endent Auditors to the Trustees of The John Burn5 Foundation Matters on whith we are required to report by exception We have nothing to report in respect of the following matters where the Charities IAccour7ts and Reportsl Regulations 2008 require5 US to ieport to you if. in our opinion= the information given in the Report of the TrLSStees is incornsistent in any material respect with the financial statements; or sufficient accounting records have not been kept; or the financial statements ale not in agreement with the accounting records and returns.. or we have not reteived all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibilities, the trustees are responsible for the preparation of the ftnancial statements which give a true and fair view. an(1 for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from materlal misstatement, whether due to fraud or error. In prepaiSng the financial statements. the trustees are responsible for a5ses5ing the charity's ability to continue as a going concern, disclosing, as applitable. matters related to going concern and using the goinE concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Page 10
Re rtofthelnde ndent Auditor5 lo the Tr[teeS of The John Burns Foundation Our responsibilities for the audit of the financial statements We have beerb appointed as auditors ynder Section 144 of the Charsties Act 2011 and report in accordance with the Att and relevant regulations made or having effect thereunder. Our objectives are to obtain reasorkable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assuran, but 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement wherb it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. In identifying and a55essing risks of material misstatement in respect ol irregularities, includirbg fraud anis non-compliance with laws and regulations. we considered the followin& nature of the charity and the sector in which it operates. the legal and regulatory framework in which the charity operates, and in particular those laws and regulations that directly affect the financial statements or have a fundamental effert on operations eg Charities Act 2011, health and safety legislation. results of enquiries of management and those charged with governance any matters identified relating to the charity's policies and procedures for identifying, evaluating and complying with laws and regulations, and whether there were any known instance5 of non compliance. detecting and responding to the risks of fraud and whether there is anyknowledge of actual. suspected or alleged fraud. the internal controls established to mitigate risks of fraud or non Complian with laws and regulations. As a result of performing the above, we did not identify any key audit atterS related to potential risk of fraud or non compliance with laws and regulations. In addition to the above, our procedures included: reviewing the financial statement disc105ures and testing to supporting documentation to assess compliance with relevant laws and regulations enquires of management and those charged with governance concerning actual and potential litigation and claims performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud review of minutes of committee meetings written representations A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uVauditorsresponsibilities. Thi5 description forms part of our Report of the Independent Auditors. Page 11
Re rt of the Inde ndent Auditors to the Trustees of The John Burns Foundation Use of our report This report is made solely to the charitys trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) RegLJlations 2008. Our audit work has been tjndertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to 3nyone other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have formed. d-&. Ashmole & Co 3 Market Street Llandeilo Carmarthenshire SA19 6AH Date-. .a.3.1051202 ¥ Page 12
The John Burns Foundatlon Statement of Flnancial Actimttes for the Year Ended 31st Jul 2024 31.7.24 Total funds 31.7.23 Total funds Unrestricted Restricted fund fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 2,025.219 2.025.219 194,631 Charitable activities General charitable activites Better Tomorrow Burns In The Communitv 20,450 4.160 97.030 10,000 24,610 97,030 10,000 6,472 93,053 Other trading activities Investment income Other income 103,236 136.047 780 103.236 136.047 780 102,334 123,076 9,119 Total 2.285.732 111,190 2,396,922 528,685 EXPENDITURE ON Raising funds 203.333 203,333 188,849 Charitable activities Geneial charitable activites Better Tomorrow 8urns In The Community 8urn5 By Your Side 66.026 144.730 71,379 184,972 101,190 167.216 144,730 81,379 184,972 153,564 111,726 55,319 154,648 10,000 Total 670.440 111,190 781,630 664,106 NETINCOMEIIEXPENDITURE) 1,615.292 1,615,292 1135,4211 RECONCILIATION OF FUNDS Total funds biought forward 1.690.646 1,690,646 1,826,067 TOTAL FUNDS CARRIED FORWARD 3.305,938 3,305,938 1,690,646 The notes form part of these financial statements Page 13
The John Burns Foundation Balance Sheet 31st Jul 2024 31.7.24 Total funds 31.7.23 Total funds Unrestricted Restrirted fund funds Notes FIXED ASSETS Tangible assets Investments Investments Investment property 12 332,586 332,586 101.745 13 1.023,138 14 1.334,693 1,023,138 1,334,693 1,198,105 2.690,417 2,690.417 1,299,850 CURRENT ASSETS Debtors Cash at bank and in hand 15 119,953 603,637 119,953 603,637 33,005 396,502 723,590 723,590 429,507 CREOITORS Amounts falling due within one year 16 199,7281 199,7281 127,3871 NETCURRENT A55ETS 623.862 623,862 402,120 TOTAL ASSETS LESS CURRENT LIABILITIES 3.314,279 3.314,279 1,701,970 CREDITORS Amount5 falling due after more than one year 17 18.3411 18,3411 111,3241 NET ASSETS 3.305,938 3,305,938 1,690,646 FUNDS Unrestricted funds 19 3,305.938 1,690,646 TOTAL FUNDS 3.305,938 1,690,646 The financial statements were approved by the Board of Trustees and authorlsed for issue on 2..?.l.o..S./.Z.01 f and weie signed on its behalf by.. l Burns Trustee The notes fomi part of these financial statements Page 14
The John Bum5 Foundailon Cash Flow Statement for the Year Ended 31st Jul 2024 31.7.24 31.7.23 Note5 Cash flows from operating activities Cash generated from operations Inteiest paid 1,599,795 {1,0661 1212,9241 19341 Net cash provided byllused inl operating actkvities 1,598,729 1213,8581 Cash flows from investing artlvitie$ Purchase of tangible fixed a55ets Purchase of fixed asset investments Purchase of investment property Interest received 1253,1941 11.023.138) 1136.5881 24,072 143,7771 137,0611 Net cash used in investing activities 11,388.8481 180,8381 Cash flows from financing activities Capital repayments in year 12,7461 14.069 Net cash (used inl/provided by financing activities 12,7461 14,069 Change in Cash and cash equlvalents in the reporting period Cash and cash equivalents at the beglnnlng of the reporting period 207.135 1280.6271 396,502 677,129 Cash and cash equivalents at the end of the reporting period 603.637 396,502 The notes form part of these financial Statements Page 15
The John Burns Foundation Notes to the Cash Flow Statement for the Year Ended 31st Jul 2024 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.7.24 31.7.23 Net income/lexpenditure) for the reporting period las per the Statement of Financial Activities) Adjustments for: Depreciation charges L055 on disposal of fixed assets Interest received Interest paid Ilncreaselldecrease in debtors Increaselldecrea5el in creditors 1.615,292 1135,4211 21,951 403 124,0721 1,066 186.9491 72,104 17,045 934 8,518 1104,0001 Net cash provlded by/lused in) operations 1,599.795 1212,9241 ANALYSIS OF CHANGES IN NET FUNDS At 1.8.23 Cash flow At 31.7.24 Net cash Cash at bank and in hand 396,502 207.135 603,637 396,502 207.13S 603.637 Oebt Flnance leases 114,0691 2,746 111,3231 114.0691 2,746 111.3231 Totsl 382,433 209,881 592,314 The notes form part of these financial statements Page 16
The John Burns Foundation Notes to the Financial Statements for the Year Ended 31st Jul 2024 ACCOUNTING POLICIES Basis of preparlng the financial Statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommenijed Practice applicable to charities preparing their accounts in accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of Investments which are included at market value. Income All income is recognised in the Statement of Financial Activities once the charity has entitlèment to the funds, it rs 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 Fegal or constructive obli6ation committing the charity to that expendilure, 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 b8515 and has been tla55ified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed io particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in Order to write off each asset over its estimated useful life. Freehold property Plant and machinery Fixtures ar5d filtings Motor vehicles Computer equipment 2% on tost 20% on cost IO% on c05t 20% on reducing balance 33% on cost Investment propertv Investment property includes woodland previously donated by Burns Pet Nutrition Ltd. It is included in inve51ment property 35 the land will be used to harvest wood which will later be sold. It is shown at its most recent trustee valuation. Investment property also include5 holiday accommodation Iglamping pods) and Aruba Lodge, which are shown at original cost of purchase. All proceeds from investment Incorrbe 15 applied for charitable purposes. Taxation The charity is exempt from tax on its charitable 3ctNities. Fund accounting Unrestricted funds can be used in accordance with the chaiitable objeciives at the discretitsn of the trustees. Page 17 continued...
The John Burn5 Foundation Notes to the Finand?I Statements- continued for the Year Ended 31st Jul 2024 ACCOUNTING POLICIES- continued Fund accountin8 Restricted funds can only be used for particulai restricted purposes within the objects of the charity. Restrictions aiise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund 15 included in the notes to the financlal statements. Hire pur¢hase and leaslng commitmertts The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are char6ed to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial ActNities in the period to which they relate. Legal Status of the charity The Charity is a Charitable Incorporated Organisation. Investment5 Investments are staterl at market value at the balance sheet date. Debtors Trade and other debtors are recognise(l at the settlement amount due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liqvid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from past event that will probably result in the transfer of funds to a third party and the amount due to settle the tsbligation can be measured or estimated reliably. Creditor5 and provisions are Trormally recognised at their settlement amount after allowing for any trade discounts due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction valtse and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Donated services Page 18 continued.
The John Burn5 Foundation Notes to the Financial Statements- continued for the Year Ended 31st Jul 2024 ACCOUNTING POLICIES- continued Donated services from other entities are recoEnised within the financial statements as income with the correspondinB expenditure being put against the expense to wht(h is relates. Grant income Incorne from government and other grants. whether 'capital' grants or 'revenue' grants, are recognised when the charity has entitlement to the funds, any perforrnante conditions attached to the grants have been met, it is probable thal the income will be received and the amount can be measured reliably and Is not deferred. DONATIONS AND LEGACIES 31.7.24 31.7.23 Donations 2.025,219 194.631 Donations include donated services from Burns Pet Nutrition Ltd of £6,149 12023.. £65.0051 and donated monies to the sum of £321,867 12023.. £118,941), donation from Mr John Burns of £1,350,000 and gift aid receipt of £337,675. OTHER TRADING ACTIVITIES 31.7.24 31.7.23 Fundraising events Room hire Oog Park income Dog training income Refreshment sales Community activities Single faim payment 2.027 60,319 26,573 3,133 2,125 6,011 3.048 5,652 62,943 16,561 3,597 7,741 5.840 103,236 102,334 INVESTMENT INCOME 31.7.24 31.7.23 Timber sales Glamping pods Deposit account interest 84,083 27.892 24.072 123,076 136.047 123,076 Page 19 continued...
The John Burn5 Foundatlon Notes to the Financial Statements- continued for the Year Ended 31st Jul 2024 INCOME FROM CHARITABLE ACTIVITIES 31.7.24 31.7.23 General charitable activites Burns In The Community Better Tomorrow Total activities Total activities Grants 24,610 97,030 lo.o¢ 131,640 99,525 G¥ants received, included in the above. are as follows- 31.7.24 31.7.23 Voluntary Services Recovery Fund The Tree Council Leader Outdoor and Conservation National Lotlery- Sustainable Steps National Lottery- Kitchen Carmarthenshire Council- EV Charger Carmarthenshire Council- Poverty Fund Community Carers Fund People's P05tcode Lottery Carmarthenshire County Council DFSF Capital Project 19,791 825 21,716 17.500 34,046 5,647 70,0 27,030 10.000 950 19.500 4,160 131.640 99,525 RAISING FUNDS Raising donatlons and legacies 31.7.24 31.7.23 Staff costs Irrecoverable VAT Premises and admin costs Depreciation Interest payable and similar Charges 84,700 2,582 111,431 4.407 213 76,015 109,424 3,410 203.333 188.849 Cost of raising funds represents direct costs attributable to trading activities as well as a 20% allocation of other premises and administrative costs. Page 20 continued.
The John Buins Foundation Notes to the Financial Statements - Conllnued for the Year Ended 31st Jul 2024 CHARITABLE ACTIVITIES COSTS Support costslsee note 81 Direct Costs Tota15 General charitable activltes Belter Tomorrow Burns In The Community Burns By Your Side 153,441 144,720 81,368 184.538 13,775 io li 434 167,216 144,730 81,379 184,972 564.067 14.230 578,297 SUPPORT COSTS Governance costs Finance Totals General charitable activites Better Tomorrow Burns In The Community Burn5 By Your Side 3,069 io li 434 10,706 13,775 io li 434 3.524 10.706 14,230 Included in governance is £6,850 for Auditor's remuneration. Flnance costs are the bank charges allocated to each charitable activity as it is incurred. TRUSTEES, REMUNERATION AND BENEFITS One trustee, Dylan Harries recewed remuneration of £2.0(KJ12023.- £0) for work done on the design and setting up of management accounting information for the tharity and assistance provided with the setting up of the budget forecasts. Payment in respect of these services are considered outside the scope of ordinary dutie5 as a trustee. Trustees, expenses The charity reimbursed £239.70 of expense5 to two trustees in respect of tfavelling and reimbursement of items bought for conferencing during the year ended 31 July 202412023.. £541. Page 21 continued...
The John Burns Foundation Notes to the Financial Statement5- continued for the Year Ended 31st Jul 2024 10. STAFF COSTS 2024 2023 Wages and salarie5 Social security costs Other pension cost5 371,525 27.739 31.665 303,322 27,007 26,267 430,929 356,596 The average monthly number of employees during thè year wa5 1612023.151. No employee5 received emoluments in excess of £60,000 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unfestricted Restricted fund fund5 Total funds INCOMEAND ENDOWMENTS FROM Donations and legacie5 194,631 194,631 Charitable activities General charitable attivites Better Tomorrow 6,472 93.053 6,472 93,053 Other trading activities Investment income Other income 102,334 123.076 9,119 102,334 123,076 9,119 Total 429,160 99.525 528.685 EXPENDITURE ON Raising funds 188,849 188,849 Charitable activities General charitable activite5 Better Tomorrow Burns In The Community Burns By Your Side 147.092 10,149 55,319 154.648 6,472 101,577 153,564 111,726 55,319 154,648 Total 556,057 108,049 664,106 NET INCOMEIIEXPENDITURE) Transfers between funds 1126,8971 310 18,5241 13101 1135,4211 Net movement in funds 1126,5871 {8,8341 1135,4211 Page 22 continued..
The John Burns Foundation Notes to the Financial Statements- contlnued for the Year Ended 31st Jul 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- tontinued Unrestricted Restritted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 1,817,233 8,834 1,826,067 TOTAL FUNDS CARRIED FORWARO 1,690,646 1,690,646 12. TANGIBLE FIXED ASSETS Fixtures and riltings Freehokl property Plant and machinery COST At 1st August 2023 Additions Disposals 34,505 89,841 2,630 250,(M)O At 31st July 2024 250.000 34,505 92,471 DEPRECIATION At 1st August 2023 Charge for year Eliminated on disposal 15.917 5.988 13,647 9,247 At 31st July 2024 5,LK)O 21,905 22,894 NET800K VALUE At 31st July 2024 245,000 12,600 69,577 At 31st July 2023 18,588 76.194 Page 23 continued...
The John 8urns Foundation Notes to the Financial Statements- continued for the Year Ended 31st Jul 2024 12. TANGIBLE FIXED ASSETS- tontinued Motor vehKles Computer equipment Totals COST At 1st Au8ust 2023 Additions Disposals 8,376 1.197 564 133,919 253,194 15151 15151 At 315t luty 2024 7,861 1,761 386.598 DEPRECIATION At 1st August 2023 Charge for year Eliminated on disposal 1,684 1.257 11121 926 458 32.174 21,950 11121 At 31st July 2024 2,829 1,384 54,012 NET BOOK VALUE At 31st July 2024 5,032 377 332,586 At 31st July 2023 6,692 271 101,745 13. FIX£DASSET INVESTMENTS Unlisted investments MARKETVALUE Additions 1,023,138 NET BOOK VALUE At 31st July 2024 1,023.138 At 31st July 2023 There were no investment assets outsrde the UK. Page 24 continued...
The John Burns Foundation Notes to the Finat)clal Statements- continued for the Year Ended 31st Jul 2024 14. INVESTMENT PROPERTY FAIR VALUE At 1st August 2023 Additions 1,198,105 136,588 At 31st July 2024 1,334,693 NET BOOKVALUE At 31st July 2024 1,334,693 At 31st July 2023 1.198,105 The net book value of investment property consists of woodland £1,000,000, glampin8 pods £231,808 and Aruba Lodge £102,886. 15. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Trade debtors Other debtors VAT Prepayments 107,290 4,160 14,689 7,824 7,200 3,292 8,503 119,953 33,005 16. CREDITOR5: AmOUs FALLING DUE wifHIN ONEYEAR 31.7.24 31.7.23 Hire purchase (see note 181 Trade creditors Taxation and social security Other creditors 2,982 67,050 20,426 9,270 2,745 14,123 8,319 2,200 99,728 27.387 Page 25 conlinued...
The John Burns Foundation Notes to the Financial SteMents- continued for the Year Ended 31st Jul 2024 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.7.24 31.7.23 Hire purchase Isee note 181 8,341 11,324 18. LEA51NG AGREEMENTS Minimum lease payments under hire purchase fall due as follows= 31.7.24 31.7.23 Net obligations repayable- Within one year Between one and five years 2,982 8,341 2,745 11,324 11,323 14,069 19. MOVEMENT IN FUNDS Net movement in fund5 At 31.7.24 At 1.8.23 Unrestricted funds General fund 1,690,646 1,615,292 3,305,938 TOTAL FUNDS 1,690,646 1,615.292 3.305,938 Page 26 continued.
The John Burns Foundatlon Notes to the Flnancial Statements- ¢ontlnued for the Year Ended 31st Jul 2024 19. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Re50vrces expended Movement in funds Unrestricted funds General fund 2,285,732 {670,4401 1.615,292 Restricted funds National Lotteiy- Krtchen National Lottery- Sustainable Step5 Carmarthenshire Council- Poverty Fund Carmarthen5hire County Council DFSF Capital Project 27,030 70.000 127,0301 170,0001 10,000 iio.0001 4.160 14.1601 111.190 1111,1901 TOTAL FUNDS 2,396,922 1781.6301 1,615,292 Comparatlves for movement in funds Net movement in fund5 Transfers between funds At 31.7.23 At 1.8.22 Unrestricted fund5 General fund 1,817.233 1126,8971 310 1,690,646 Restricted funds National Lottery- Kitchen 8,834 18,5241 13101 TOTAL FUNDS 1.826,067 1135,4211 1,690.646 Page 27 continued...
The John Burns Foundation Notes to the Financial Statements- wntinued for the Year Ended 31st Jul 2024 19. MOVEMENT IN FUNDS-continued Comparative net movement in funds, included in the above are as follows.. Incomlng resources Resources expended Movement in funds Unrestricted funds General fund 429,160 1556.0571 1126,8971 Restrlcted funds Voluntary Service5 Recovery Fund National Lottery- Kitchen Leader Outdoor and Conservation National Lottery- Su5lainable Steps The Tree Council Carmarthenshire Countil- EV Charger 19,791 34,046 21,716 17,500 825 S.647 119,7911 142,5701 121,7161 117,5001 18251 15,6471 18,5241 99,525 1108,0491 18,5241 TOTAL FUNDS 528.685 1664.1061 1135.4211 A Cufrent year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 31.7.24 At 1.8.22 Unrestricted funds General fund 1,817.233 1.488.395 310 3.305,938 Restricted funds National Lottery- Kitchen 8,834 18,5241 13101 TOTAL FUNDS 1,826.067 1.479,871 3,305,938 P3ge 28 continued...
The John Burns Foundation Notes to the Financial Statements- continued for the Year Ended 31st Jul 2024 19. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resourtes expended Movement In funds Unrestrlcted tunds General fund 2.714,892 11,226.4971 1,488,395 Restricted funds Voluntary Servites Recovery Fund National Lottery- Kitchen Leader Outdoor and Conservation National Lottery- Sustainable Steps The Tree Council Carmarthenshire Council - EV Charger Carmarthenshire Council- Poverty Fund Carmarthenshire County Council DFSF Capital Project 19,791 61,076 21.716 87,500 825 5.647 119,7911 169.6001 121,7161 187,5001 18251 15,6471 18,5241 10.000 iio,0001 4,160 14,1601 210,715 1219,2391 18,5241 TOTAL FUNDS 2,925.607 11.445,7361 1,479,871 Voluntary Service5 Recovery Fund Funding to provide a social group that enables older people to socialise 01 meet new people. National Lottery- Kitchen The money has been used to establish a new food and nutrition prograFnme and construct a fully accesslble Educational Food Preparation Kitchen, at Canolfan John Burns Centre, Kidwelly. The aim of the 'Food for Thought, project is to teach people how to prepare healthy meals for themselve5 and their families and learn about why cookin8 from scratch using healthy seasonal produce provides huge health and financial advantages. Leader Outdoor and Conservation This funding came from the Rural Development Plan for Wales for the facilitation of the Woodland Heroes project. Children and young people learnt about thè effects of carbon on our environment and how planting trees reduces our carbon footprint. The pupils became ambassadors for change who took the message back to their schools. presenting what they had learnt to other pupils. Thev also planted tree5 both at CJBC and in their school. Natlonal Lottery- Sustainable Steps Page 29 continued...
The John Burns FoyndatioTr Notes to the Financial Statements - continued for the Year Ended 31st Jul 2024 19. MOVEMENT IN FUNDS- continued The CLASH (Community led action for sustainable hortitulturel Project was established in May 2023, following the confirmation of funding from the Dormant Assets Sustainable Steps Wale5 National Lottery funding. This is a £350k grant that will be paid over 5 years. The participant5 in this project are actively responsible for the production of food stuffs, such as fruit and vegetables which will be distributed amongst its members or donated to other local initiatives. There is a focu5 on organiclno diglrestoralion approaches that can be demonstrated to produce carbon neutral/negative results. Our Key activitles are to: Develop and share "green economy skills" with a large number and range of local people, as well as partnering enterpre with other local businesse5 and organisations. Produce a diverse range of "climate friendty" foods with members, promoting the association between healthy diets (fresh fruitlvegetable etcl and environmental Sound behaviour Create lasting climate friendly production. ¢on5umption and disposal behaviours Our Project Concept Is built upon a model called the "BEHAVIOUR CHANGE WHEEL" This model seeks to empower individuals, creating lasting behaviour changes by facilitating them to develop new capabilities, opportunitie5 and motivations. Carmarthenshire County Council- Tree Council A grant for the purchase of trees distributed to schools and planted at Canolfan John Burns Centre to reduce carbon. Carmarthenshire County Council - EV Charger Purchase of additional EV chargers, inslalled in Canolfan John Burns Centre to support the Green Travel agenda. Carmarthen5hire County Council- Poverty Fund The charity ran a warm space that allowed members of the public to utilize the building during opening hours. Hol drinks and use of the internet was provided. A workshop was ran where poverty relief agenties were invited to attend. Carmarthenshlre County Council DFSF Capital Project A grant for the enhancement of the air conditioning unit in the newty built Food Education room. 20. RELATED PARTY DISCLOSURES During the period, services were donated from Btjrns Pet Nutrition Ltd io The John Burn5 Foundation. These have been 8ccounted for as income within the financial statements by way of a donation. with the corresponding expenditure belng allocated to the expenses to which the donated seivice relates. The total of these donated Services in the year were £6,149 12023.. £65,005). In addition to this. Burns Pet Nutrition Ltd donated monies lo the sum of £321,86712023.. £118,941) to The John Burns Foundation. During the year sales from The john Burns Foundation to Burns Pet Nutrition Ltd, amolsnted to £636. The John Bufll5 Foundation paid £2,373 to BLTrrns Pet Nutrilion Ltd for costs invoiced to them. During the year sale5 from The John Burns Foundation to Burns Retail Retail and H05Pltality Ltd, amounted to £638.The John Burns Foundation paid £54.882 to 8urns Retail and Hospilalily Ltd for Costs invoiced to them. Page 30 continued...
The John Burns Foundation Notes to the Flnan¢lal Statements- continued for the Year Ended 31st Jul 2024 20. RELATED PARTY DISCLOSURES- continued The freehold property addition, Park House, was purchased from Burns Retail and Hospitality Ltd for £250,000. At the year end £616 was owed to Burns Retail and Hospitality Ltd from The Johv Burns Foundation. During the period, Mr john Burns. a trustee of the charity made a rnonetary donatron of £1.35M to The John Burns Foundation. Gift aid was claimed in respect of this donation. Page 31
The John Burns Found*ion Detailed Statement of Financlal Actiwtie5 for the Year Ended 31st Jul 2024 31.7.24 31.7.23 INCOME AND ENDOWMENTS Donations and legacies Donations 2,025,219 194,631 Other trading artlvltles Fundraisin8 events Room hire Dog Park income 008 training income Refreshment sales Community activities Single farm payment 2,027 60,319 26.573 3,133 2.125 6.011 3,048 5,652 62,943 16,561 3,597 7,741 5,840 103.236 102,334 Investment Income Timber sales Glamping pods Deposlt account interest 84,083 27,892 24,072 123.076 136,047 123,076 Charitable activities Grants 131,640 99,525 Other income VAT recoverable Rental income 9,119 780 780 9.119 Total incomlng resources 2,396,922 528,685 EXPENDITURE Raising donatlons and leBacies Wage5 Social security Pensions Carrled forward 73.854 5,615 5,231 84,700 65,376 5,818 4,821 76,015 This page does not form part of the statutory financial statements Page 32
The John Burns Foundatlon Detalled Statement of Financial Artivlties for the Year Ended 31st Jul 2024 31.7.24 31.7.23 Raising donations and le8acies Brought forward Irrecoverable VAT Premises and admin costs Freehold property Plant and machinery Fixtures and fittin8S Motor vehicles Computer equipment Hire pulchase interest 84,700 2,582 111.431 1,000 1.198 1.849 268 92 213 76,015 109,424 1,198 1,797 335 80 203,333 188.849 Charitable activities Wage5 Social securitv Pensions Irrecoverable VAT InsuTance Telephone Postage and stationerv Advertising 5undries Local projects Travel and subsistence Computer and software Motor expenses Clothing and logos Consultancy and professional f ees Premise5 Costs Volunteer expenses Miscellaneou5 purchases Subscriptions Training fees Health and safety Rent Freehold property Plant and machinery Frxtures and fittings Motor vehicles Computer equipment Disposal of fixed assets Carried forward 297.672 22,124 26,434 10,329 2,844 4,948 3,639 181 2,700 13,545 5,391 6,104 49.298 1,558 3,832 44,718 1,876 655 3,519 295 7.035 23,199 4,000 4,791 7,398 989 366 403 549.843 237,946 21,190 21,446 2,434 5,865 3,890 632 3.661 11,695 5,937 3,899 36,994 6,261 2,717 55,022 4,616 103 964 229 3,722 18,442 4,791 7,187 1,338 319 461,300 This page does not form part of the statutory financial statements Page 33
The John Bufn5 Foundation Detslled Statement of Financlal Activitle5 for the Year Ended 31st Jul 2024 31.7.24 31.7.23 Charltable activities Brought forward Hire puichase interest Donations to other charitie5 549,843 853 13,371 461,300 934 564,067 462,234 Support costs Flnance Bank charges Foreign exchange losses 2,890 634 1,780 1,630 3,524 3,410 Governance costs Auditors, remuneration Accountanty and leeal fees 6,850 3,856 9,613 10,706 9,613 Total resources expended 781,630 664,106 Net incomellexpenditure) 1,615.292 1135,4211 This page does not form part of ihe statutory financial statements Page 34