REGISTERED COMPANY NUMBER: CE009400 (England and Wales) REGISTERED CHARITY NUMBER: 1170774
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
SOLE BAY ARTS C.I.O.
Juler Tooke Lothing House Quay View Business Park Barnards Way Lowestoft Suffolk NR32 2HD
SOLE BAY ARTS C.I.O.
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
SOLE BAY ARTS C.I.O.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
a. Policies and objectives
The Charities objectives are to advance education in the arts, culture and heritage and to benefit the residents of Southwold and the surrounding area and to improve the conditions of life for them, without distinction of sex, sexual orientation, race, political, religious or other opinions by associating with them and with local authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving conditions of life for the residents. In furtherance of the above the Charity trustees may (inter alia) establish and maintain an arts and community centre in St Edmund's Hall, Southwold.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
Activities undertaken to achieve objectives
2024 has been a remarkable year for the Sole Bay Arts CIO. Excluding community and society events, we hosted 171 events in the hall, with a total audience of 12,596. Our income from ticket sales was up 31% compared with 2023. We had excellent support from an increasing band of volunteers. Our 'Box Office' coworking space continues to be successful and popular.
In February we welcomed back the Fleetwood Mac tribute band to another sell-out audience and a similarly successful first appearance by a Rolling Stones tribute band. Reydon panto had to cancel this year but our community cinema and arts cinema events continued to be very popular. Our week of films of Royal Shakespeare Company productions was quite well supported. Jazz Club and Stand Up Comedy had excellent and lively audiences every month. We enjoyed welcoming several touring theatre groups, Allegra Productions had a successful week in October with five performances of Sex and Death in Southwold, loosely adapted from Strindberg's The Father, and we had a brilliant run of five performances from Dukes Theatre with Christmas Carol.
We welcomed the Southwold Arts Festival in June, preceded by a weekend of crime writing with Slaughter. Aldeburgh Classic Theatre returned for a season of four Summer Theatre plays, which were very well received, continuing a seventy-year long tradition. In collaboration with Southwold Library we staged a very successful Southwold Literary Festival in November. An innovation was a Southwold on Stage weekend, with a lecture from our patron John Simpson, a Poets of East Anglia event, a song recital and a play. In October we ran Southwold Science Week for the third time, reaching over 200 children and their parents. We concluded the year with our regular Gavin Dean panto.
Achievement and performance
As reported above, Sole Bay Arts CIO ran a full programme of activities at the Southwold Arts Centre in 2024. We have managed to increase our reserves over the past three years to £50,000, including £20,000 ear-marked for building works.
The Trustees launched a major appeal to replace the ceiling of the hall and the insulation in the roof space, and to refurbish the foyer, café, dressing rooms and hall. We raised £10,000 from our supporters, £7000 from local councils and charities, and £20,453 from grants, with the work to take place in January 2025.
In the year under review we have obtained grants which we will move to the year ending 31/12/25 so we can match the grants with the expenditure on the renovation for which they were given.
We have a very strong and active team of Trustees. We now have a Programme Group, a Publicity Group and a Hall Management Group. The CIO is in excellent shape moving forward.
Page 1
SOLE BAY ARTS C.I.O.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE
Main Achievements of the Charity
As reported above, Sole Bay Arts CIO ran as full a programme of activities at the Southwold Arts Centre in 2023.
The Trustees have continued to make improvements to the hall, with a special emphasis on health and safety issues. The stage lighting was refurbished and a new audio system installed.
The Trustees have continued to seek external support for the Arts Centre through grants, with considerable success. The largest and highest profile grant was form the Foyle Foundation for £4,000.
.
FUTURE PLANS
The Trustees will endeavour to set-aside the following Reserves:
Operating Reserve
The Operating Reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, or uninsured losses. Operating Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap. It is the intention of Sole Bay Arts C.I.O. for Operating Reserves to be used and replenished within a reasonably short period of time. The Operating Reserve Fund is defined as a designated fund set aside by action of the Trustees. The minimum amount to be designated as Operating Reserve will be established as an amount sufficient to maintain ongoing operations and programs measured for a set period of time, measured in months. The Operating Reserve serves a dynamic role and will be reviewed and adjusted in response to both internal and external changes. The target minimum Operating Reserve Fund is equal to six months of average operating costs. The calculation of average monthly operating costs includes all recurring, predictable expenses such as salaries, occupancy, office, travel, program, and ongoing professional services. Depreciation, in-kind, and other non-cash expenses are not included in the calculation. The calculation of average monthly expenses also excludes expenses for capital purchases. The amount of the Operating Reserve Fund target minimum will be calculated each year after approval of the annual budget, reported to the Finance Committee/Trustees, and included in the regular financial reports.
Building and Capital Asset Reserve
The Building and Capital Asset Reserve is intended to provide a ready source of funds for repair or acquisition of buildings, leaseholds, furniture, fixtures, and equipment necessary for the effective operation of the organisation and programs.
Projects Reserve
The Projects Reserve is intended to provide a ready source of funds for specific programs, such as art exhibitions, and for providing support to specific community projects as designated by the Trustees. This will hold grants given for specific projects and will be administered by the nominated Project Director and Treasurer. In the reporting period, the Charity generated an operating surplus of £35,368 (2023: Surplus of £13,378) from a total income of £239,351 (2023: £207,616) and expenditure of £203,983 (2023: £194,238). The Charity's total funds now stand at £98,314, of which £98,314. is unrestricted and £nil restricted (2023: of £62,946 which £62,946 was unrestricted). At 31 December 2024, the Charity had free reserves (which by definition are unrestricted funds not invested in tangible fixed assets) of £97,367 (2023: £62,946)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Sole Bay Arts C.I.O is a Charitable Incorporated Organisation, incorporated on 15 December 2016 and commenced trading on 1 January 2017. It is a registered charity, number 1170774, and is governed by a constitution, dated 15 December 2016, which established the objects and powers of the organisation and its trustees.
Recruitment and appointment of new trustees
The management of the Charity is the responsibility of the Trustees who are elected and co?opted under the terms of the Constitution. The minimum number of trustees is three and the maximum number is twelve. Every trustee must be appointed by a resolution passed at a properly convened meeting of the Trustees. In selecting individuals for appointment, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. Southwold Town Council may appoint one Trustee and Southwold Parochial Church Council may appoint two Trustees. Each appointment is made for a term of three years, effective from the later of the date of the vacancy and the date on which the Trustees are informed of the appointment.
Page 2
SOLE BAY ARTS C.I.O.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE009400 (England and Wales)
Registered Charity number 1170774
Registered office
St Edmunds Hall Cumberland Road Southwold Suffolk IP1 1HZ
Trustees
R Mole Rev A D Perry (resigned 12.1.25) Prof G M Rowan-Robinson Mrs R A Humphreys (resigned 12.12.24) S Flunder P Hegarty Mrs F E Taylor (resigned 11.4.25) R M Burnett A Taylor (resigned 11.4.25) V Redington P Luke F Griffiths (appointed 12.12.24)
Independent Examiner
Peter Boardman Juler Tooke Lothing House Quay View Business Park Barnards Way Lowestoft Suffolk NR32 2HD
Approved by order of the board of trustees on 4 July 2025 and signed on its behalf by:
Prof G M Rowan-Robinson - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOLE BAY ARTS C.I.O.
Independent examiner's report to the trustees of Sole Bay Arts C.I.O. ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Boardman The Association of Accounting Technicians
Juler Tooke Lothing House Quay View Business Park Barnards Way Lowestoft Suffolk NR32 2HD
4 July 2025
Page 4
SOLE BAY ARTS C.I.O.
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 158,073 Other trading activities 2 80,665 Investment income 3 613 Total 239,351 EXPENDITURE ON Raising funds 4 178,447 Other 25,536 Total 203,983 NET INCOME 35,368 RECONCILIATION OF FUNDS Total funds brought forward 62,946 TOTAL FUNDS CARRIED FORWARD 98,314 |
Restricted fund £ - - - - - - - - - - |
31.12.24 31.12.23 Total Total funds funds £ £ 158,073 135,646 80,665 71,738 613 232 239,351 207,616 178,447 141,967 25,536 52,271 203,983 194,238 35,368 13,378 62,946 49,568 98,314 62,946 |
31.12.24 31.12.23 Total Total funds funds £ £ 158,073 135,646 80,665 71,738 613 232 239,351 207,616 178,447 141,967 25,536 52,271 203,983 194,238 35,368 13,378 62,946 49,568 98,314 62,946 |
|---|---|---|---|
| 207,616 | |||
| 141,967 52,271 |
|||
| 194,238 | |||
| 13,378 49,568 |
|||
| 62,946 |
The notes form part of these financial statements
Page 5
SOLE BAY ARTS C.I.O.
BALANCE SHEET 31 DECEMBER 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 947 CURRENT ASSETS Stocks 9 1,137 Debtors 10 10,428 Cash at bank 118,064 129,629 CREDITORS Amounts falling due within one year 11 (32,262) NET CURRENT ASSETS 97,367 TOTAL ASSETS LESS CURRENT LIABILITIES 98,314 NET ASSETS 98,314 FUNDS 12 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
31.12.24 Total funds £ 947 1,137 10,428 118,064 129,629 (32,262) 97,367 98,314 98,314 98,314 98,314 |
31.12.23 Total funds £ - 1,137 4,172 60,153 65,462 (2,516) 62,946 62,946 62,946 62,946 62,946 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2025 and were signed on its behalf by:
G M Rowan-Robinson - Trustee
The notes form part of these financial statements
Page 6
SOLE BAY ARTS C.I.O.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged 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 charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
SOLE BAY ARTS C.I.O.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Room hire | 26,715 | 24,765 | |
| Café and Bar | 53,950 | 46,973 | |
| 80,665 | 71,738 | ||
| 3. | INVESTMENT INCOME | ||
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Deposit account interest | 613 | 232 | |
| 4. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Staff costs | 29,624 | 26,037 | |
| Support costs | 9,001 | 7,591 | |
| 38,625 | 33,628 | ||
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Depreciation - owned assets | 237 | - | |
| Other operating leases | 6,088 | 31,946 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
continued...
Page 8
SOLE BAY ARTS C.I.O.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 135,646 Other trading activities 71,738 Investment income 232 Total 207,616 EXPENDITURE ON Raising funds 141,967 Other 52,271 Total 194,238 NET INCOME 13,378 RECONCILIATION OF FUNDS Total funds brought forward 49,568 TOTAL FUNDS CARRIED FORWARD 62,946 8. TANGIBLE FIXED ASSETS COST At 1 January 2024 Additions At 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 |
Restricted fund £ - - - - - - - - - - |
Total funds £ 135,646 71,738 232 |
|---|---|---|
| 207,616 | ||
| 141,967 52,271 |
||
| 194,238 | ||
| 13,378 49,568 |
||
| 62,946 | ||
| Fixtures and fittings £ 465 1,184 1,649 465 237 702 947 - |
continued...
Page 9
SOLE BAY ARTS C.I.O.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 9. STOCKS Stocks 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals and deferred income 12. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 62,946 TOTAL FUNDS 62,946 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 239,351 TOTAL FUNDS 239,351 |
31.12.24 31.12.23 £ £ 1,137 1,137 31.12.24 31.12.23 £ £ 7,393 1,301 3,035 2,871 10,428 4,172 31.12.24 31.12.23 £ £ 7,147 2,516 25,115 - 32,262 2,516 Net movement At in funds 31.12.24 £ £ 35,368 98,314 35,368 98,314 Resources Movement expended in funds £ £ (203,983) 35,368 (203,983) 35,368 |
|---|---|
continued...
Page 10
SOLE BAY ARTS C.I.O.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 49,568 | 13,378 | 62,946 |
| TOTAL FUNDS | 49,568 | 13,378 | 62,946 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 207,616 207,616 |
Resources Movement expended in funds £ £ (194,238) 13,378 (194,238) 13,378 |
Resources Movement expended in funds £ £ (194,238) 13,378 (194,238) 13,378 |
|---|---|---|---|
| 13,378 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 49,568 | 48,746 | 98,314 |
| TOTAL FUNDS | 49,568 | 48,746 | 98,314 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 446,967 446,967 |
Resources Movement expended in funds £ £ (398,221) 48,746 (398,221) 48,746 |
Resources Movement expended in funds £ £ (398,221) 48,746 (398,221) 48,746 |
|---|---|---|---|
| 48,746 |
continued...
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SOLE BAY ARTS C.I.O.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 12
SOLE BAY ARTS C.I.O.
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,299 | 12,622 |
| Theatre and Cinema | 151,774 | 123,024 |
| 158,073 | 135,646 | |
| Other trading activities | ||
| Room hire | 26,715 | 24,765 |
| Café and Bar | 53,950 | 46,973 |
| 80,665 | 71,738 | |
| Investment income | ||
| Deposit account interest | 613 | 232 |
| Total incoming resources | 239,351 | 207,616 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 28,900 | 25,189 |
| Pensions | 724 | 848 |
| 29,624 | 26,037 | |
| Other trading activities | ||
| Café and Bar | 27,885 | 23,936 |
| Event costs | 113,035 | 85,540 |
| Closing stock | (1,098) | (1,137) |
| 139,822 | 108,339 | |
| Support costs | ||
| Management | ||
| Repairs and maintenance | 6,088 | 31,946 |
| Rent and utilities | 9,006 | 9,981 |
| Licences, permits and memberships | 1,670 | 936 |
| Cleaning | 1,151 | 785 |
| Telephone and email | 1,602 | 1,487 |
| Administrative services | 1,153 | 1,145 |
| Advertising | 2,369 | 2,464 |
| Office costs | 4,935 | 5,913 |
| 27,974 | 54,657 | |
| Finance | ||
| Insurance | 3,147 | 2,118 |
This page does not form part of the statutory financial statements
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SOLE BAY ARTS C.I.O.
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Other | ||
| Fixtures and fittings | 237 | - |
| Governance costs | ||
| Accountancy fees | 780 | 690 |
| Card processing fees | 2,399 | 2,397 |
| 3,179 | 3,087 | |
| Total resources expended | 203,983 | 194,238 |
| Net income | 35,368 | 13,378 |
This page does not form part of the statutory financial statements
Page 14