REGISTERED COMPANY NUMBER.. 10161153 (England and Wales) REGISTERED CHARITY NUMBER: 1171301 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 HADSGR VEED CATI NAL TR Charles Lovell & Co Limited Chartered Certified Accountsnls and Slatulory AlIorS 8 Church Green East Reddilch Worcestershire B98 8BP
CHADSGROVE EDUCATIONAL TRUST CONTENTS OF THE FINANCIAL STATEMENTS For The Y r Ended 31 AUGUST 2024 Page Rewrt of the Trustees Independent Examinerfs Report Stslemenl of Financial Acts'vilies Balance Sheet Cash Flow Slalemenl Notes to the Cash Flow Ststement Notes lo the Financial Slalemenls 10 10 14 Detailed Stslemenl of Financial Activities 15
CHADSGROVE EDUCATIONAL TRUST REPORT OF THE TRUSTEES For The Year Ended 31 AUGUST 2024 The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, present their report wrth the financial statements of the charity for the year ended 31 August 2024. The Injslees have adopted the provisions of Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable lo charities preparing their accnunls in accL)rdance with the Financial Reporting Stsndaid applicable in the UK and Republic of Iland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Oblectlves and alms Chadsgrove Educaltonal Trust Specialist College Ilhe Collegel provides access lo dynamic provision and activities that effectively meet the individual needs of young adults with physical disabilities andlor complex medical needs together with associated learning. sensory. and communication drfficulties.The College is a 19-25 provider in Bromsgrove, WorceslershiTe that offers high quality ed¢Jcalion and learning opportun((ie5. bringing together a wealth of experience and inrK)vatsve, alternative visions of the potential in youry adults with complex needs. Publlc beneflt In carying out the objectives as described, the Board of Trustees feel that the charity has complied wllh ils duty in se¢lon 17151 of the Charities Act 2011 to have due regard to public benefit guidanc4 published by the Chanty Commission. ACHIEVEMENT ANO PERFORMANCE Charltable actlvltles During the year ending 31 August 2024 the College had 12 students on roll. All students al the College follow either Seekers or Explorers CurricLJlum Pathway . both of which are personalized lo the student's individual needs, with opportunities lo experience activities from both pathways where appropriate. The College CU1culM follows the 4 key areas of the Preparing for Adulthood Framework (Health, Community, Independent Livir@ Skills, and Employment). Each area of learning is intrinsically designed to prepare students lo live as independently as possible in life after College. Communication is the core focus threaded throughout the 4 areas of the Preparing for Adulthood Framework. Worklng with a profe$sK)nal multidi$¢iplinary team of therapists where necessary, students have benefited from accessing Hydrotherapy, R&bound Thepy, Musi¢ Therapy, Speech and Language TheTapy. together with a range of additional therapy activities which have been developed to support sludenl$ lo achieve their specific targets. Al the end of this academic year, all third year students achieved their personal largels and successfully transitioned on lo their chosen destinations after completing their 3 year placement al Chadsgrove College. Throughout this academic year. students. staff, Chadsgrove School pupils and a range of community members and visitors have enjoyed spending time in our new accessible garden area.The redeveloped, multi-purpose space has provided students with opportunrties lo demonstrate aThY enhance their lrfe skills. The garden space has been a valuable addition to our College as il has created much needed space for staff and students lo enjoy arKI embrace the outdoors all year round. The students, al their Sludenl Ambassador meetirys, collectively voiced a wish lo purchase a new wheelchair accessible vehicle lo increase their work related learning opportunities within the local community. Subsequent fundraising activities resulted in the acquisition of two electric wheelchair *c$$ible vehicles lo farylilate students easily accessing the local community.These vehicles were delivered to the College in January 2025. The ESFA, through the 16-19 Tuition Fund, has provided funding for the provision of small group luilion lo Ise pupils who had missed out on parts of their development due lo the pandemic. SkillsBoosl Worcestershire has provided funding for stsff training. This has enabled the students to benefrt from the greater leaming opportunities as a result. Page 1
CHADSGROVE EDUCATIONAL TRUST REPORT OF THE TRUSTEE For The Y r Ended 31 AUGU T 2024 FINANCIAL REVIEW Financlal posStion The financi81 slalements show net incA)ming resources for the period ended 31 August 2024 of £288178 131 August 2023.. £1384231. The principal sources of inwme are from the Department for Education Ipredominanlly via the Education & Skills Funding Agency) and Nvo Local Authorities, which represented 94,/0 131 Augu512023 97¢/0) of the College's income. The remaining 6./0 of InMe was generated through donations and fundraising, notably for the purchase of electric wheelchair vehides and the future acquisition of buildings for expansion. The directors depbyed all net incoming resources lo the development and growih of the provisK)n for 19-25 year olds with physical disabilities arKI. or. complex medical needs in Worcestershire. The College continues to seek lo develop a new building in order to signrficanlly expand our provision for young adults wf(h physical disabilities and, or. complex health needs in the near future. The current 51te's facilities remain part of the College provision and will CL)nlinue lo do so when a new sile is PLJrchased I developed.During the year ended 31 August 2024 ltte College has intensified ils efforts lo expand, working closely with the Local Authority and our fundraising consultants lo further develop the vision of providing addition placements for local young people living with disabilities lo thrive within their local Specialist College. As an educational charity, we enjoy lax exemption from our educational activities and on other inrL)me, provided it is applied for our ¢harilable aims, which it always will be. As an educational charity, we are unable to reclaim VAT input lax on our costs. The trustees have set a budget for the next financi81 year and regularly review the financial po$rtion of the College. Al 31 August 2024, the College had nel reserves of £718533 12023,. £4303551 and a cash at bank balance of £845672 12023, £5210631, Re8ervo8 pollcy The trustees regularly monitor the charity's reserves in light of risks and general operational need. 11 is the charity's policy Ihal unreslricled func5s should be maintained al a level sufficient to cover o reasonable proportion of the followir¥J educational yearfs expenditure., this has been maintained Ihrougholrt the period for review. The trustees nSider the charity's current resetves sufficient to enable the charity to ntinUe its operation$ and fund immediate future activities and planned Changes. FUTURE PLANS The College is currently located on the grounds of Ch8ds9rove School in a (x)nverted building with limited space. To 8xpand the provision further, for up lo 25 students, the College is looking to secure additional larger pMiseS on a different site, either a new build or conversion of an existing buikling. preferably in the north Worcestershire area. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documènt The charity is controlled by ils governing document. 8 deed of trust. and ¢onstilutes a limited (L)mpany. limiled by guarantee, as defined by the Companies Act 2006. Or9anl3atlonal structure The Iruslee5 are responsible for the over811 management and control of the College and meel regularly. The day lo day running is dele9aled to Rebecca Gayden Ivice Principall, who reports back lo the trustees both informally and at the meetings. Page 2
CHADSGROVE EDUCATIONAL TRUST REPORT OF THE TRUSTEES For The Year Ended 31 AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk managèmgnt The Iruslees are responsible for the overseeing of risks faced by the College. Detailed considerations of risk are delegated lo the management of the College. Risks are identified, assessed and controls eslablish8d throughout the year, and fomal policies have been introduced lo deal with all the key risks il faces. The main risks that the trustees have identrfied and the plans lo mitigate those risks are.. Reputation. The College's success is built on ils reputation for the education and well-being of the 19-25 year olds attending the provision. We manage this through exlemal advisor visits, inlemal monitoring, and through compliance with various policies including Safeguarding. Safer Recruilmenl. Code of Conduct. The College is inspected by Ofsted and was rated 'Oulslanding' in March 2022. Finances. The ability lo continue lo provide an appropriate education curriculum and enhancement aclivilies for our young people, all of whom have complex needs, is dependent on funding from the Education and Skills Fundirrfj Agency IESFAI. Worcestershire County Council IWCCI and other Local Authorities ILAs} and so the College is al risk rf the criteria for receiving that furKling are changed. The availability of the fundir@ is kept under review by close liaison with the ESFA and WCC and other levant LAS. Sludenl roll. The College's strategi¢ plans are based on a minimum of 10 slucienls on roll each academic year. The trustees and the Vice Principal carefully plan aThJ review placements lo ensure that 8vailable places are filled such that sludenl numbers are sufficient and do not fall below 10. Should numbers fall lo an untenable figure. our Reserves Policy would me into force to cover any shortfall in incnme, whilst the College liaises with Local Authorities lo fill spaces. Loss of experienced key stsff. Given the complexity of needs of the stud8nls at the Colleg6, loss of experienced key staff could have a delrimenlal impact on the students. Whilst the key 51aff have remained stable over the past year the trustees and Vice Principal carefully manage any potential changes to staff and have rigorous procedures in pla¢e for staff recruilmenl. Investment is made into staff training which is delivered through robust training plans which cntInUallY develop staff knowledge and skills lo aid their competencies. Through th8 risk management processes established for the College, the trustees are Satisfed that the major risks identified are adequately miligaled where necessary. 11 is recognized that systems can only provide reasonable. but not absolute, assurance that major risks have been adequately managed. REFERENCE AND ADMINISTRATIVE DETAILS Reglsterod Company number 10161153 (England and Wales} R0gl$tornd Charlty numbor 1171301 Règlstered offlce Meadow Road Calshill Bromsgrove Worcestershire B61 OJL Trustees Mrs D Rattley Ms F Williams R Dill-Russell Ms D Gadand M5 D Hannibal Iresigned 31.1.20241 Mrs R A Gardner (appointed 9.4.2024} Page 3
CHADSGROVE EDUCATIONAL TRUST REP RT OF THE TRUSTEE For Th Year Ended 31 A T 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indepèndent Examiner J T Harris FCCA Charles Lovell & Co Limited Chartered Certified Accountsnts and Stalulory Auditors 8 Church Green Ea$1 Redditch Worcestershire B98 8BP Rogistgrgd 8ank Account Bank.. Barclays Bank UK PLC Account Name.. Chadsgrove Educational Trust Sort Code.. 204545 Account Numtier.. 83316661 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of trustees on 9 May 2025 and signed on its behaff by.. Mrs O Rattley- Tnjstee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHADSGROVE EDUCATIONAL TRUST Indepgndent examinor's report to the trustees of Chadsgrove Educational Trust I'the Company'l I report to the charity Iruslees on my examination of the accounts of the Company for the year eed 31 August 2024. Rgsponsibilities and basis of roport As the charity's trustees of the Company land 81$0 its directors for the purposes of cnmpany lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the Company are nol required lo be audited under Part 16 of the 2006 Act and are eligible for indepencjenl examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carying out my examinats'on I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Indep8ndent examlnor's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can enf1m7 that I am qualified lo undertske the examination because l am a member of the Association of Chartered Certified ACn18nts, which is one of the listed bodies. I have completed my examination. I confirm that no matters have C£sme lo my attention in nneCtion with the examination giving me cause lo believe.. accounting records were kept in respect of the Company as required by Section 386 of the 2006 Act,. or the aount$ do not accord with those records,. or the acwunls 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 8 matter considered as part of an independent examination., or the accounts have rx)I been prepared in accnrdance with the methods 8nd principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts In accordance with the Financial ReportSng Standard applicable in the UK and Republi¢ of Ireland IFRS 10211. I have no ¢on¢ems and have rne across no other matters in connectn with the examinatlon lo which attention should be drawn In this report in order lo enable a proper understanding of the accounts lo be reached. J T Harris FCCA The Association of Chartered Certified Accountants Charles Lovell & Co Limited Chartered Certified A¢UntantS and Slalulory Auditors 8 Church Green East Reddilch Worcestershire 898 88P 9 May 2025 Page 5
CHADSGROVE EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIE For The Year End 1 AUGUST 2024 31.8.24 Total funds 31.8.23 Total funds Unreslricled fund Reslricled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacS 2,443 49.640 52,083 17,834 Charltablo actlvities Education for pupils19-25 years old. 822,346 18.263 840,609 723,325 Investment income 2.065 2,065 Total 826.854 67,903 894,757 741,159 EXPENDITURE ON Charltablg actlvltl8s Education for pupils19-25 years old. 594.047 12,532 606.579 602,736 NET INCOME 232,807 55,371 288,178 138,423 RECONCILIATION OF FUNDS Total funds brought forward 400,278 30.077 430.355 291,932 TOTAL FUNDS CARRIED FORWARD 633,085 85,448 718.533 430,355 CONTINUING OPERATIONS All income and expenditure ha5 arisen from CntInuij activities. The notes form part of these financial statements Page 6
CHADSGROVE EDUCATIONAL TRUST BALAN 31AU HEET ST2 31.8.24 Total funds 31.8.23 Total funds Unrestricted fund Reslricled furKI Notes CURRENT ASSETS Debtors Cash al bank 1,021 772,940 20.606 72,732 21.627 84S,672 4,338 521.063 773,961 93,338 867,299 525,401 CREDITORS Amounts falling due within one year 10 {140,876> 17,8901 1148,766) 195,0461 NET CURRENT ASSETS 633,085 85,448 718,533 430,355 TOTAL ASSETS LESS CURRENT LIA81LITIES 633,085 85,448 718,533 430,355 NET ASSETS 633,085 85,448 718,533 430.355 FUNDS Unreslriclod funds Reslricled funds 633.085 8S,448 400.278 30,077 TOTAL FUNDS 718,533 430,355 The Charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not required the CmpanY to obtain an audit of ils financial slalemenls for the year ended 31 August 2024 in accordance with Se¢lion 476 of the Companies Act 2006. The trustees acknowledge their responsibilitses for lal ensuring that the charitsble company keeps acCUntIng records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slalements which give a true and fair view of the slate of affairs of the charitable company as al the end of each financial year and of its $LJrplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othemise ¢omply with the requirements of the Companies Act 2006 relating to financlal statements, so far as applicable lo the charrtable company. {bl These financial slalements have been prepared in accordance with the provisions applicable to charitable mpanIeS subject to the small rx*mpanies regime. The financial statements We 8pproved by the Board of Trustees and authorised for issue on 9 May 2025 and were signed on its behalf by.. D Fiattley- Tnjstee The notes form part of these financial slalements Page 7
CHADSGROVE EDUCATIONAL TRUST CASH FLOW TATEMENT For The Year Ended 31 AUGUST 2024 31.8.24 31.8.23 Notes Cash flows from operating activitie$ Cash generated from operations 322,544 232,841 Nel cash prOVed by operating actwilies 322.544 232,841 Cash flov from invo$tlng aetlvltles Interest received 2.065 Nel cash provKJed by investing activities 2,065 Changg In cash and cash gqu5vo1onts In thg rgPQrtlng perSod Cash and cash equlvalents at thg beglnnlng of th• roportlng Pgrlod 324,609 232,841 521.063 288.222 Cash and cash equlval•nt8 at the end of th8 rnportlng perlod 845,672 521.063 The notes fom part of these financial statements Page 8
CHADSGROVE EDU ATIONAL TRUST NOTES TO THE CA For The Year En H FLOW STATEMENT UST 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.8.24 31.8.23 Ngt income for the reportlng perSod {a$ pgr thg Statgmgnt of Flnanclal Activltlesl Adjustments for.. Interest CeiVed {Increaselldecre8se in debtors Increase in creditors 288,178 138,423 {2,065) {17,289) 53,720 84.827 9,591 Net cash provldod by operatlons 322.544 232,841 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank S21,063 324.609 845.672 521,063 324,609 845,672 Total 521,063 324,609 845.672 The notes fomi part of these financial slalemenls Page 9
CHADSGROVE EDUCATIONAL TRUST NOTES T THE FINANCIAL STATEMENTS For The Y r Ended 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the flnanclal ststgmgnts The financial slalements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in acCrdanCe with the Charities SORP IFRS 1021 'AccK)unling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their acc4)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, 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. Incomo All income is recognised in the Slalement of Financial Activities once the charity has entillemenl lo the funds, it is probable that the income will be received and the amount can be measured reliably. ExpendSturè Liabilities are re)gnISed as expendrture as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measureci reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all st related lo the category. Where cnsts cannot be directly attributed lo particular headings they have been allocated lo activities on a basis tfjnsistenl with the use of resources. Taxatlon The charity is exempl from crpOration lax on Its charitable aclivilies. Fund accountlng Unrestricted funds can be used in accfjrdan¢e with the charitable obje¢tive$ 81 the discretion of the trustees. Reslri¢led funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donoi or when funds are raised for particular reslricled purposes. FLSrther explanation of the nature and Purpose of each fund is included in the notes lo the finanaal stslements. DONATIONS AND LEGACIES 31.8.24 31.8.23 Donations 52.083 17,834 Included in donations and grants were . £10000- 29 May 1961 Charitable Trust £10000- Grand Lodge of Mat* Benevolent Fund £ 5000 - The Rowlands Trust £ 4000- The Percy Bilton Charity £15000- The Clolhworkers Foundation £ 5000- Bernard Sunley Foundation Page 10 continued...
CHADSGROVE EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 A UST 2024 INVESTMENT INCOME 31.8.24 31.8.23 Deposit account interest 2.065 INCOME FROM CHARITABLE ACTIVITIES 31.8.24 31.8.23 Activity Education for pupils19-25 years old. Education for pupils1&25 years old. Funding & grants Bursaries & other income 840,354 255 722.651 674 840,609 723,325 Grants received, inclL*Yed in the above, are as follows.. 31.8.24 31.8.23 Funding from DIE aThY Local Authorities 840,354 722.651 CHARITABLE ACTIVITIES COSTS Support costs (see note 61 Direct Costs Totals Edu¢alion for pupils19-25 years old. 340.534 266,045 606,579 SUPPORT COSTS Other Education for pupll$1 &25 years old. 266,045 TRUSTEES, REMUNERATION AND BENEFITS During the period. a proportion of one of the Iruslees, cx)sl$ were recharged from Chadsgrove school. The$8 costs reflect the lime spent on managing and running Chadsgrove Educational Trust on a day lo day basis. Trustees. expensos There were no trustees. expenses pakl for the year ended 31 August 2024 nor for the year ended 31 August 2023. Page11 continued...
CHADSGROVE EDUCATIONAL TRUST NOTES T THE FINANCIAL STATEMENTS- For The Year Ended 31 AUGUST 2024 inued STAFF COSTS 31.8.24 31.8.23 Wages and salaries 487,242 438.373 487.242 438,373 The average monthly number of employees during the year was as folbws.. 31.8.24 31.8.23 Leadership Teachers Support staff 18 12 18 No employees received emoluments in exce$8 of £60,000. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Prepayments and accrued income Prepayments 21,627 4.338 21.627 4,338 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Accruals and deferred IncMe Accrued expenses 148,766 14.953 80.093 148,766 95.046 11. MOVEMENT IN FUNDS Net movem8nt in funds Al 31.8.24 At 1.9.23 Unrestricted fund$ General fund 400,278 232,807 633.085 Restrlcted funds Building, transport & garden projects 30.077 5S,371 85.448 TOTAL FUNDS 430.355 288,178 718.533 Page 12 continued...
CHADSGROVE EDUCATIONAL TRUST NOTES T THE FINANCIAL STATEMENTS- continued ForTh Y rEnd 1 AUGUST 2024 11. MOVEMENT IN FUNDS- contlnued Nel movement in funds. included in the above are as folbws.. Incoming resources Resoijrces expended Movement in funds Unrgstrictod funds General fund 826.854 (594.0471 232,807 Rèstrl¢t•d fvnds Building, transport & garden projgcls 67,903 {12,532) 55.371 TOTAL FUNDS 894.757 {606.5791 288,178 Comparntlvos for movgment In funds Nel movement in funds Al 31.8.23 At 1.9.22 Unrestrlcted funds General fund 278,922 121,356 400.278 Restrlcted fund• Buildiry, transport & garden projects 13.010 17,067 30,077 TOTAL FUNDS 291,932 138.423 430.355 Comparative nel movement in funds. Induded in the above are as follows.. Incoming resources Resources expeThYed Movement in funds Unrestrlcted fund6 General fund 697,429 1576,0731 121,356 Restrlcted funds Building, transport & garden projects 43.730 126,663) 17,067 TOTAL FUNDS 741,159 1602.7361 138,423 Page 13 continued...
CHADSGROVE EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS- continued ForThe Year End d 31 AUGUST 2024 11. MOVEMENT IN FUNDS- contlnuod A current year 12 months and prior year 12 months combined positKJn is as follows.. Nel movement in funds Al 31.8.24 Al 1.9.22 Unrestrictgd funds General fund 278,922 354.163 633,085 Rostrlctod funds Building, transport & garden projects 13.010 72.438 85,448 TOTAL FUNDS 291.932 426,601 718.533 A current year 12 months and prior year 12 months o)mbined nel movement in funds. Induded in the ave are as follows: Incoming resources Resources exp8nded Movement in funds Unrnstrlcted fund8 General fund 1,524,283 11,170,120) 354.163 R8strlcted funds Building, transport & garden projects 111,633 139,1951 72.438 TOTAL FUNDS 1.635.916 11,209,315) 426,601 12. RELATED PARfi DISCLOSURES There were no related paty transactions for the year ended 31 August 2024. Page 14
CHADSGROVE EDUCATIONAL TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 AUGUST 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Donations and legacles Donations 52,083 17.834 Invgstmgnt Incomg Deposit account interest 2.065 Charltablg activltles Funding & grants Bursaries & other income 840,354 255 722.651 674 840.609 723,325 Total Sn¢omlng rosourcos 894.757 741,159 EXPENDITURE CharFtable actlvltlos Teachers, salaries Rent Insurance Education equipment Training Office expenses Hygiene & deaning materials Therapy Other supplies & services Premises maintenance Heal & light Professional fees Subscriptions Independent examiner fees Consultancy 221,197 20,000 10,029 12,925 7,557 504 761 35,396 5,828 519 5,580 199.412 17.083 8.901 41,005 4,527 613 2,549 35.219 10,624 31,006 4,272 585 1,889 2,640 3.450 2,024 2,520 15,650 340,534 363,775 Support ¢o$t$ Other Support staff salaries 266,045 238,961 Total resources expended 606,579 602,736 Net Income 288,178 138,423 This page does not fomi part of the statutory financial ststemenls Page 15