| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 12 |
| Report ofthe Independent Auditors |
13 | to | 15 |
| Statement ofFinancial Activities | 16 | ||
| Statement ofFinancial Position | 17 | to | 18 |
| Statement ofCash Flows | 19 | ||
| Notes to the Statement ofCash Flows | 20 | ||
| Notes to the Financial Statements | 21 | to | 33 |
| Detailed Statement ofFinancial Activities | 34 | to | 36 |
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
2 | 562,800 | 698,424 | 1,261,224 | 1,309,003 | |
| Charitable activities |
||||||
| School fees receivable | 689,116 | 12,197 | 701,313 | 614,012 | ||
| Madrassa fees | 101,634 | 101,634 | 110,550 | |||
| Other charitable activities |
3 | 137,954 | 3,070 | 141,024 | 106,871 | |
| Investment income |
4 | 10 | ||||
| Other income | 46,422 | |||||
| Total | 1&491&504 | 713&691 | 2&205&195 | 2 186 868 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 6 | 119,722 | 168,689 | 288,411 | 250,318 | |
| Charitable activities |
||||||
| Project rebuild costs | 12,762 | 12&762 | 57,015 | |||
| Pre School | 195,584 | 195,584 | 206,543 | |||
| Charity running costs |
575,321 | 30 | 575,351 | 501,027 | ||
| Primary school | 571,956 | 571,956 | 543,504 | |||
| Madrassa costs | 5,781 | 5,781 | 3,335 | |||
| Total | 1,272,780 | 377,065 | 1,649,845 | 1,561,742 | ||
| NET INCOME | 218,724 | 336,626 | 555,350 | 625,126 | ||
| Transfers behveen funds | 19 | (27,802) | 27,802 | |||
| Net movement in funds |
190,922 | 364,428 | 555,350 | 625,126 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought fonvard |
461,972 | 5,720,044 | 6,182,016 | 5,556,890 | ||
| TOTAL FUNDS CARRIED FORWARD | 652,894 | 6,084,472 | 6,737,366 | 6,182,016 |
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 14 | 1,834,505 | 9,192,665 | 11,027,170 | 10,532,246 | |
| CURRENT ASSETS | ||||||
| Stocks | 15 | 625 | 625 | 625 | ||
| Debtors | 16 | 108,388 | 108,388 | 53,989 | ||
| Cash at bank and in hand | 505,618 | 381,399 | 887,017 | 762,109 | ||
| 614,631 | 381,399 | 996,030 | 816,723 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 17 | (1,796,242) | (3,489,592) | (5,285,834) | (5,166,953) |
| NET CURRENT ASSETS | (1,181,611) | (3,108,193) | (4,289,804) | (4,350,230) | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 652,894 | 6,084,472 | 6,737,366 | 6,182,016 | ||
| NET ASSETS | 652,894 | 6,084,472 | 6,737,366 | 6,182,016 | ||
| FUNDS | 19 | |||||
| Unrestricted funds |
652,894 | 461,972 | ||||
| Restricted funds | 6,084,472 | 5,720,044 | ||||
| TOTAL FUNDS | 6,737,366 | 6,182,016 |
| F | OR THK YEAR ENDED | 31DECEMBER 2022 | ||||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Notes | ||||||
| Cash flows from | operating | activities | ||||
| ' | Cash generated from operations |
646,627 | 397,268 | |||
| Net cash provided | by operating activities |
646,627 | 397,268 | |||
| Cash flows from | investing | activities | ||||
| Purchase oftangible fixed | assets | (521,719) | (340,155) | |||
| Interest received | 10 | |||||
| Net cash used in | investing | activities | (521,719) | (340,145) | ||
| Change in cash and cash | equivalents | |||||
| in the reporting | period | 124,908 | 57,123 | |||
| Cash and cash equivalents | at the | |||||
| beginning ofthe |
reporting | period | 762,109 | 704,986 | ||
| Cash and cash equivalents | at the end | |||||
| ofthe reporting | period | 887,017 | 762,109 |
| RECONCILIATIO ACTIVITIES |
N OF NK |
T INCOME TO NKT CASH FLOW | FROM OPERAT | ING |
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| Net income for the | reporting | period (as per the Statement of | ||
| Financial Activities) | 555,350 | 625,126 | ||
| Adjustments for: |
||||
| Depreciation charges |
26,795 | 21,392 | ||
| Interest received | (10) | |||
| (Increase)/decrease | in debtors | (54,399) | 3,674 | |
| Increase/(decrease) | in creditors | 118,881 | (252,914) | |
| Net cash provided | by operations | 646,627 | 397,268 |
| At 1/1/22 | Cash flow | At31/12/22 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | 762,109 | 124,908 | 887,017 |
| 762,109 | 124,908 | 887,017 | |
| Total | 762,109 | 124,908 | 887,017 |
| 2. | DONATIONS AND LEGACIES |
|||
| 31.12.22 | 31.12.21 | |||
| Donations | 436,157 | 263,564 | ||
| Gift aid | 31,877 | 76,587 | ||
| Grant from Local council | 317,140 | 317,930 | ||
| Zakat Fitra Fidya and Qurbani | 91,030 | 136,790 | ||
| Disaster Appeals | 12,426 | 16,840 | ||
| Project rebuild | 338,677 | 448,711 | ||
| Interest donations | 350 | 5,112 | ||
| Income from Sadaqa | 33,567 | 43,469 | ||
| 1,261,224 | 1,309,003 | |||
| Grants received, included | in the above, are as follows: | |||
| 31.12.22 | 31.12.21 | |||
| School | 317,140 | 317,930 | ||
| 3. | OTHER CHARITABLE | ACTIVITIES | ||
| 31.12.22 | 31.12.21 | |||
| Summer Fete | 27,512 | 34,305 | ||
| Bazaar money and fundraising | 33,455 | 13,972 | ||
| Arabic English and Alimah Courses |
32,100 | 21,202 | ||
| Nikaah k Wedding | 3,013 | 2,465 | ||
| School Trips | 20,357 | 10,202 | ||
| Sales ofitems | 5,688 | 10,156 | ||
| Other Income | 18,899 | 14,569 | ||
| 141,024 | 106,871 | |||
| 4. | INVESTMENT INCOME | |||
| 31.12.22 | 31.12.21 | |||
| Profit on deposit | 10 |
| 5. | INCOME FROM | CHARITABLE ACTIVITIES | ||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| Activity | ||||
| Registration and school |
||||
| fees | School fees receivable | 701,313 | 614,012 | |
| Madrassa fees | Madrassa fees | 101,634 | 110,550 | |
| 802,947 | 724,562 | |||
| 6. | RAISING FUNDS | |||
| Raising donations | and legacies | |||
| 31.12.22 | 31.12.21 | |||
| Zakat Fitra Fidya and Qurbani | 146,419 | 130,687 | ||
| Disaster Appeals | 11,825 | 15,330 | ||
| Sadaqa expended | 1,550 | 23,519 | ||
| Interest expended | 2,200 | |||
| 161,994 | 169,536 | |||
| Other trading activities |
||||
| 31.12.22 | 31.12.21 | |||
| Purchases | 10,903 | 7,428 | ||
| Support costs ofschooling | 30,065 | 38,452 | ||
| School trips and sportsfield | 24,423 | 8,649 | ||
| Summer fete | 14,587 | 13,913 | ||
| Charity dinner and | Eid party | 21,074 | 2,236 | |
| Events cost | 11,124 | 1,002 | ||
| Fundraising costs |
7,383 | 7,661 | ||
| Books magazines | and calenders | 5,794 | 1,391 | |
| Iftar expenses | 1,045 | |||
| Mayyat (burial) expenses | 19 | 50 | ||
| 126,417 | 80,782 | |||
| Aggregate amounts |
288,411 | 250,318 |
| Support | ||||
|---|---|---|---|---|
| Direct | costs (see | |||
| Costs | note 8) | Totals | ||
| E | ||||
| Project rebuild | costs | 3,547 | 9,215 | 12,762 |
| Pre School | 61 | 195,523 | 195,584 | |
| Charity running | costs | 575,351 | 575&351 | |
| Primary school | 571,956 | 571,956 | ||
| Madrassa costs | 5,781 | 5,781 | ||
| 3,608 | 1&357,826 | 1,361,434 |
| SUPPORT CO | STS | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management | Finance | Other | costs | Totals | ||
| Project rebuild | costs | 9,215 | 9,215 | |||
| Pre School | 194,476 | 36 | 1,011 | 195,523 | ||
| Charity running | costs | 81,195 | 7,948 | 21,338 | 464,870 | 575,351 |
| Primary school | 535,457 | 232 | 33,767 | 2,500 | 571,956 | |
| Madrassa costs | 1,871 | 40 | 920 | 2,950 | 5,781 | |
| 812,999 | 8,256 | 66,251 | 470,320 | 1,357,826 |
| Depreciation | -owned assets |
|---|---|
| Hire ofplant | and machinery |
| 31.12.22 | 31.12.21 |
|---|---|
| 26,795 | 21,392 |
| 5,248 | 3,842 |
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Fees payable to | the charity's | auditors | and their associates for the audit | |||
| ofthe charity's | financial | statements | 5,000 | 4,920 | ||
| Auditors' remuneration |
for | non audit | work | 2,600 |
| STAF | F COSTS | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| Wages | and salaries | 1,031,817 | 1,027,351 |
| Social | security costs | 60,947 | 27,278 |
| Other | pension costs | 8,480 | 7,567 |
| 1,101,244 | 1,062,196 |
| The aver | age | monthly |
nu | mber ofemployees during the year |
was as follows: | |
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Engaged | on | charitable | activities | 48 | 55 | |
| Engaged | on | management | and administration | 37 | 35 | |
| 85 | 90 |
| NOTES TO THE FINANCIAL STATEMENTS - continued FOR THK YEAR ENDED 31DECEMBER 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THK YEAR ENDED 31DECEMBER 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THK YEAR ENDED 31DECEMBER 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THK YEAR ENDED 31DECEMBER 2022 |
|
|---|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
340,151 | 968,852 | 1,309,003 | |
| Charitable activities |
||||
| School fees receivable | 604,209 | 9,803 | 614,012 | |
| Madrassa fees | 110,550 | 110,550 | ||
| Other charitable activities |
99,704 | 7,167 | 106,871 | |
| Investment income |
10 | 10 | ||
| Other income | 46,422 | 46,422 | ||
| Total | 1,201,046 | 985,822 | 2,186,868 | |
| EXPENDITURE ON | ||||
| Raising funds | 80,782 | 169,536 | 250,318 | |
| Charitable activities |
||||
| Project rebuild costs | 57,015 | 57,015 | ||
| Pre School | 206,543 | 206,543 | ||
| Charity running costs |
501,027 | 501,027 | ||
| Primary school | 543,504 | 543,504 | ||
| Madrassa costs | 3,335 | 3,335 | ||
| Total | 1,128,648 | 433,094 | 1,561,742 | |
| NET INCOME | 72,398 | 552,728 | 625,126 | |
| Transfers between funds | 185,161 | (185,161) | ||
| Net movement in funds |
257,559 | 367,567 | 625,126 | |
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward |
204,413 | 5,352,477 | 5,556,890 | |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 461,972 | 5,720,044 | 6,182,016 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Portable | Plant and | ||
| property | building | machinery | Totals | |
| COST | ||||
| At 1 January 2022 | 10,605,573 | 123,241 | 215,198 | 10,944,012 |
| Additions | 486,060 | 35,659 | 521,719 | |
| At 31December 2022 | 11,091,633 | 123,241 | 250,857 | 11,465,731 |
| DEPRECIATION | ||||
| At 1 January 2022 | 159,369 | 73,166 | 179,231 | 411,766 |
| Charge for year | 4,000 | 5,008 | 17,787 | 26,795 |
| At 31December 2022 | 163,369 | 78,174 | 197,018 | 438,561 |
| NKT BOOK VALUE | ||||
| At 31December 2022 | 10,928,264 | 45,067 | 53,839 | 11,027,170 |
| At 31December 2021 | 10,446,204 | 50,075 | 35,967 | 10,532,246 |
| 15. | STOCKS | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| Stocks | 625 | 625 | |
| 16. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||
| 31.12.22 | 31.12.21 | ||
| Trade debtors | 104,026 | 27,869 | |
| P repayments | 4,362 | 26,120 | |
| 108,388 | 53,989 |
| CREDITORS: AMOUNTS FALLING DUK WIT | HIN ONK YEAR | |
|---|---|---|
| 31.12.22 | 31.12.21 | |
| Trade creditors | 973 | |
| Social security and other taxes | 12,748 | 14,203 |
| Other creditors | 3,677 | 5,182 |
| Karse Hasana Loans | 4,829,347 | 4,652,112 |
| Accrued expenses | 49,147 | 92,511 |
| Deferred Income | 390,915 | 401,972 |
| 5,285,834 | 5,166,953 |
| 31.12.22 | 31.12.21 | |
|---|---|---|
| Within one year | 3,739 | 3,739 |
| Between one and five years | 3,367 | 7,106 |
| 7,106 | 10,845 |
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/1/22 | in funds | funds | 31/12/22 | ||
| Unrestricted funds |
|||||
| General fund | 204,748 | (65,848) | 144,671 | 283,571 | |
| Registration and School Fees |
201,347 | 168,184 | (52)373) | 317,158 | |
| Sale ofSchool Uniform | 488 | (69) | 419 | ||
| Contributions towards school trips |
4,194 | (4,066) | 128 | ||
| Madrassa Fee | 51,195 | 120,523 | (120,100) | 51,618 | |
| 461,972 | 218,724 | (27,802) | 652,894 | ||
| Restricted funds | |||||
| Zakat, Fitra, Fidya and Qurbani | 13,426 | (59,169) | (17,628) | (63,371) | |
| Interest | 3,099 | 350 | 3,449 | ||
| Grants from Local borough - Education | 205,153 | 71,642 | (25,002) | 251,793 | |
| Disaster appeal | 882 | 601 | 1,483 | ||
| Umrah and Hajj facilities |
12,051 | 12,051 | |||
| Project rebuild | 5,485,433 | 323,202 | 70,432 | 5,879,067 | |
| 5,720,044 | 336,626 | 27,802 | 6,084,472 | ||
| TOTAL FUNDS | 6,182,016 | 555,350 | 6,737,366 | ||
| Net movement in funds, included |
in the | above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 578,971 | (644,819) | (65,848) | ||
| Registration and School Fees |
798,131 | (629,947) | 168,184 | ||
| Sale ofSchool Uniform | (69) | (69) | |||
| Contributions towards school trips |
20,357 | (24,423) | (4,066) | ||
| Madrassa Fee | 94,045 | 26,478 | 120,523 | ||
| 1,491,504 | (1,272,780) | 218,724 | |||
| Restricted funds | |||||
| Zakat, Fitra, Fidya and Qurbani | 91,030 | (150,199) | (59,169) | ||
| Interest | 350 | 350 | |||
| Grants from Local borough - Education | 271,208 | (199,566) | 71,642 | ||
| Disaster appeal | 12,426 | (11,825) | 601 | ||
| Project rebuild | 338,677 | (15,475) | 323,202 | ||
| 713,691 | (377,065) | 336,626 | |||
| TOTAL FUNDS | 2,205,195 | (1,649,S45) | 555,350 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/1/21 | in funds | funds | 31/12/21 | |
| Unrestricted funds |
||||
| General fund | 44,782 | (109,802) | 269,777 | 204,757 |
| Registration and School Fees |
123,214 | 79,142 | (1,018) | 201,338 |
| Sale ofSchool Uniform | 488 | 488 | ||
| Contributions towards school trips |
3,102 | 1,553 | (461) | 4,194 |
| Madrassa Fee | 32,827 | 101,505 | (83,137) | 51,195 |
| 204,413 | 72,398 | 185,161 | 461,972 | |
| Restricted funds | ||||
| Zakat, Fitra, Fidya and Qurbani | 174 | 26,053 | (12,801) | 13,426 |
| Interest | 1,811 | 5,112 | (3,824) | 3,099 |
| Grants from Local borough - Education | 124,007 | 128,357 | (47,211) | 205,153 |
| Disaster appeal | 2,697 | 1,510 | (3,325) | 882 |
| Umrah and Hajj facilities |
12,051 | 12,051 | ||
| Project rebuild | 5,211,737 | 391,696 | (118,000) | 5,485,433 |
| 5,352,477 | 552,728 | (185,161) | 5,720,044 | |
| TOTAL FUNDS | 5,556,890 | 625,126 | 6,182,016 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 444,763 | (554,565) | (109,802) | ||
| Registration | and School Fees | 635,531 | (556,389) | 79,142 | |
| Contributions | towards school trips | 10,202 | (8,649) | 1,553 | |
| Madrassa Fee | 110,550 | (9,045) | 101,505 | ||
| 1,201,046 | (1,128,648) | 72,398 | |||
| Restricted funds |
|||||
| Zakat, Fitra, | Fidya and Qurbani | 180,259 | (154,206) | 26,053 | |
| Interest | 5,112 | 5,112 | |||
| Grants from | Local borough | —Education | 334,900 | (206,543) | 128,357 |
| Disaster appeal | 16,840 | (15,330) | 1,510 | ||
| Project rebuild | 448,711 | (57,015) | 391,696 | ||
| 985,822 | (433,094) | 552,728 | |||
| TOTALFUNDS | 2,186,868 | (1,561,742) | 625,126 |
| F | OR THK YEAR ENDED 3 | 1DECEMBER 2022 | ||||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| INCOME AND | ENDOWMENTS | |||||
| Donations and legacies |
||||||
| Donations | 436,157 | 263,564 | ||||
| Gift aid | 31,877 | 76,587 | ||||
| Grant from Local council | 317,140 | 317,930 | ||||
| Zakat Fitra Fidya and Qurbani | 91,030 | 136,790 | ||||
| Disaster Appeals | 12,426 | 16,840 | ||||
| Project rebuild | 338,677 | 448,711 | ||||
| Interest donations | 350 | 5,112 | ||||
| Income from Sadaqa | 33)567 | 43,469 | ||||
| 1,261,224 | 1,309,003 | |||||
| Other charitable | activities | |||||
| Summer Fete | 27,512 | 34,305 | ||||
| Bazaar money and | fundraising | 33,455 | 13,972 | |||
| Arabic English and |
Alimah | Courses | 32,100 | 21,202 | ||
| Nikaah &Wedding | 3,013 | 2,465 | ||||
| School Trips | 20,357 | 10,202 | ||||
| Sales ofitems | 5,688 | 10,156 | ||||
| Other Income | 18,899 | 14,569 | ||||
| 141,024 | 106,871 | |||||
| Investment income |
||||||
| Profit on deposit | 10 | |||||
| Charitable activities |
||||||
| Registration and |
school fees | 701,313 | 614,012 | |||
| Madrassa fees | 101,634 | 110,550 | ||||
| 802,947 | 724,562 | |||||
| Other income | ||||||
| HMRC JRS Grants | 46,422 | |||||
| Total incoming | resources | 2,205,195 | 2,186,868 | |||
| EXPKNDITURK | ||||||
| Raising donations | and legacies | |||||
| Zakat Fitra Fidya | and Qurbani | 146,419 | 130,687 | |||
| Carried forward | 146,419 | 130,687 |
| FORTHE YEAR ENDED | 31DECEMBER 2022 | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| Raising donations | and legacies | ||
| Brought forward | 146,419 | 130,687 | |
| Disaster Appeals | 11,825 | 15,330 | |
| Sadaqa expended | 1,550 | 23,519 | |
| Interest expended | 2,200 | ||
| 161,994 | 169,536 | ||
| Other trading activities |
|||
| Purchases | 10,903 | 7,428 | |
| Support costs ofschooling | 30,065 | 38,452 | |
| School trips and sportsfield | 24,423 | 8,649 | |
| Summer fete | 14,587 | 13,913 | |
| Charity dinner and | Eid party | 21,074 | 2,236 |
| Events cost | 11,124 | 1,002 | |
| Fundraising costs |
7,383 | 7,661 | |
| Books magazines | and calenders | 5,794 | 1,391 |
| Iftar expenses | 1,045 | ||
| Mayyat (burial) expenses | 19 | 50 | |
| 126,417 | 80,782 | ||
| Charitable activities |
|||
| Advertising | 3,608 | 5,071 | |
| Support costs | |||
| Management | |||
| Wages | 604,409 | 613,713 | |
| Social security | 39,427 | 7,493 | |
| Pensions | 6,262 | 7,079 | |
| Hire ofplant and | machinery | 5,248 | 3,842 |
| Rates and water | 14,699 | 3,255 | |
| Insurance | 35,623 | 57,849 | |
| Light and heat | 25,295 | 21,951 | |
| Telephone | 11,304 | 3,903 | |
| Postage and stationery | 14,357 | 10,663 | |
| Fees and subscriptions | 3,976 | 18,969 | |
| Premises repairs | and renewals | 16,520 | 17,331 |
| Motor expenses | 151 | 767 | |
| Cleaning services | 23,042 | 28,635 | |
| Temporary staff recruitment |
12,686 | 884 | |
| 812,999 | 796,334 |
| FOR THE YEAR ENDED 31D | ECEMBER 2022 | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| Management | |||
| Finance | |||
| Bank charges | 8,256 | 2,967 | |
| Other | |||
| Training and welfare |
14,820 | 1,053 | |
| Travelling and subsistence |
131 | ||
| Equipment expenses |
14,297 | 19,351 | |
| General expenses | 10,208 | 21,325 | |
| Freehold property | 4,000 | 4,000 | |
| Depreciation ofPortacabin | 5,008 | 5,563 | |
| Plant and machinery | 17,787 | 11,829 | |
| 66,251 | 63,121 | ||
| Governance costs |
|||
| Wages | 427,408 | 413,638 | |
| Social security | 21,520 | 19,785 | |
| Pensions | 2,218 | 488 | |
| Auditors' remuneration |
5,000 | 4,920 | |
| Auditors' remuneration |
for non audit work | 2,600 | |
| Legal and professional | fees | 8,174 | |
| Accountancy and legal |
fees | 6,000 | 2,500 |
| 470&320 | 443,931 | ||
| Total resources expended | 1,649,845 | 1,561,742 | |
| Net income | 555,350 | 625,126 |