EMPATHY MUSEUM Charlty registration no: 1172596 Income Detalled Trustees Report and Unaudited Accounts 31 January 2023
Empathy Museum Contents of the Financial Statements For the Year Ended 31 January 2023 Page Charity Information Trustees Annual Report 4-10 Independent Examiners Report li Statement of Flnanclal Activites 12 Summary of Income and Expenditure 13 Balance Sheet 14 Cash Flows 15 Notes to the Flnancial Statements 16-22 Detailed Statement of Financial Activities 23-24
Empathy Museum Charlty Informatiom For the Year Ended 31 January 2023 Reglstered Charlty Name: Trustees: Lorraine P. Gamman Judith A. Knight Morten L. Kringlebach Roman Krznaric Eric Lonergan Kitty M. M. Ross Offlce Address: InternatSonal House 6 Canterbury Crescent Brixton London SW9 7QD Re8lstered Company number: 09941846 (England and Wales) Charlty Reglstered Number: 1172596 Accountant.. JT Accounts PO Box 1327 Enfield ENI 9AE Independent examlner: Jacqueline Tetley 9 Woodgrange Avenue Enfield ENI IEW Page13
Empathy Museum Report of the Trustees Period from l February 2022 to 31 January 2023. The Board of Trustees presents its report and financlal statements forthe year ended 31 January 23 and reports on developments since that date and future plans for the charitable company. Structure, Governance and Management Governln8 Document The organisation is a charitable company Ilmlted by guarantee, incorporated on 8 January 2016 and registered as a charity on 18 April 2017. The company was established under a Memorandum of AsSOCi3tion which established the objects and powers of the company and 15 governed under Its ArtScles of Association. In the event of the company belng wound up members are requlred to contrlbute an amount not exceedlng £10. Recrultment and Appolntment of New Trustees The number ofTrustees is limited to a minimum of three; there Is no maximum. Trustees are elected by member5 of the charitable company. All Trustees are directors of the charitable company. None of the dirertors have any beneficial interest In the charltable company. On appointment, Trustees are given a copy of the 8overnin8 document, with their responsibilities and duties a5 a Trustee explained to them. Organlsatlonal Strurture The Trustees are responsible for all legal decisions and administer all aspects of compliance and governance. An Artlstic Director, who is not a company officer, has been appointed and delegated quotidian administrative powers to mana8e specific projects and propose artistic strategy and budgets. The Artistic Director reports to the Trustees, who have ultimate authority in decision-making and final budgetary control. Rlsk Mana8ement The major risks to which the charitable company is exposed have been Identified and reviewed, and systems or procedures have been established to mana8e those risk5. Reserves Pollcy The Trustees monltor their creditors each year to ensure that they have sufficient reserves to meet their ongoing liabilities. Post Balance Sheet Events There were no significant post balance sheet events. Page | 4
Empathy Museum Report of the Trustees Period from l February 2022 to 31 January 2023. Objects and Artivities The objects of the charitable company are: For the beneflt of the public the promotlon of moral or spiritual welfare or irnprovernent of the comrnunlty and the advancement of the arts by creating artworks that focu5 on the theme of ernpathy u51ng a varlety of forms Includlng Ibut not Ilmlted to) theatre performance arts and Interartlve exhlbltlons. For the purposes of this clause the term'empathy" means the capacity to understand the feelings and perspectives of other people. Ba515 and Value5 Empathy Museum creates high quality experiential artworks that focus on the theme of empathy. These are free to access, tour nationally and internationally, and are created in Collaboration with artists, cultural partners and community partlcipants. The forms of art include theatre, performance art and interactive exhibitions. Empathy Museum also creates other artistic outputs from time to time. The Trustees have regard to the Charlty Commission's published guidance In relation to public benefit when setting, revlewing and assessin8 their aims for the charitable companv. Page15
Empathy Museum Report of the Trustees Period from l February 2022 to 31 January 2023. Prograrnme During 2022- 2023 Empathy Museum's work covered the following areas-. We presented our existing piece A Mlle In Myshoes in a number of UK and international locatlons, collectlng new storles and giving new reach to existing ones. We presented new projects. including a full version of Cltlzens Advlsel in Leeds in collaboratlon wlth Compass Llve Art and continued building new project partnerships outside the arts sector. We developed new work for future presentations, In Portugal and Montreal, and contlnued to collect stories from people who were involved in the uprisings of the 1980s in Brlxton and around the country for a 2023 presentation. We continued to develop our podcast series and extend the reach of these stories. We gave talks and facllltated conversations and advlsed on projerts. A Mlle In My Shoes Objective5 To consolidate past successes of this excellent, accesslble artwork and reach a wlder range of audlences To foster empathy by embodying the indigenous American proverb,'you cannot understand a man until you have walked a mlle in his shoes, Achievements A Mlle In My Shoes Is a shoe shop where vlsltors are invlted to walk a mile in someone else's shoes - literally. Often housed in a glant shoebox, and sometime as a pop-up in commercial spaces or withln organisations. this exhiblt holds a diverse collection of shoes and audio storles that explore our shared humanity. From a Syrian refugee to a sex worker, a war veteran to a neurosurgeon, visitors are invlted to walk a mile in the shoes of a stranger whilst Ilstenlng to their story. The stories cover different aspects of Ilfe, from1055 and grief to hope and love and take the visitor on an empathetic as well as a physical journey Commissioned by 81 Acts of Exuberant Defiance, work continued on a new version of A Mile in My Shoes, collecting stories from Black storytellers with lived experience of the uprisings in Brixton, Toxteth, Handsworth, St Pauls and Moss Side in the earSy 1980s. To be presented in Brixton in April 2023. Page16
Empathy Museurn Report of the Trustees Periad from l February 2022 to 31 January 2023. A Mile in Myshoes was presented at Kings College Hospital in London. at the University of Hertfordshire, at Norwich Playhouse, at the London College of Communication's annual conference at the Royal Institution. and at Cheney School In Oxford, where we also ran workshops for years 11 and 12. A Mlle in Myshoeswas presented internationally: o A collection of women's stories for the Boghossian Foundation at the Portrait of a Lady exhibition, Villa Empain, Brussels o As part of Writers Unlimited Festival in The Hague, includin8 new stories on the theme of "home" With Generationenhaus, in Bern, Switzerland o With Intermuseum in Sao Paolo, Brazil {remount) o With Fondazione Empatia in Pordenone, Italy {remountl 84 new stories and shoes were collected: 30 stories in The Ha8ue 30 stories in Bern 0 24 In London as part of 81 Acts (contributing to 34 stories overall) Cltlzens Advlsel Objectives To further develop a new public Empathy Museum project, inspired by the concept ofthe Citizens Advlce Bureau, supported by Compass Live Art Achlevements Between 18-20 November we presented a popup advice"shop" in the St John's shopping centre in Leeds We created a photography / participation project that invites people to share thelr best advice on anything- from world peace to reverse parkin& and ran a themed workshop programme throughout the project Imperlal College Buslness School Objectives To collect stories Submitted by employees of Imperial College for use by the College's Inclusion and Diversity team, for the purpose of celebrating successes and to helping to foster a more equltable worklng environment Achievement5 Having collecting stories from employees, covering experiences of success and also anonymous experiences of discrimination within the workplace. we worked with a restorative practitioner to present the stories and discuss their impact Page | 7
Empathy Museum Report of the Trustees Period from l February 2022 to 31 January 2023. Podcasts Objective5 To increase the reach of our work beyond the period during which we have a physical installation somewhere To increase our international audience To utilise the popular podcast medium to reach new and different audiences Achievements We continued to release re8ularA Mlle In Myshoes podcasts on the Acast platform and extended availability to Apple Podcasts. We released of podcast series Down the Rabblt Hole. a series of letters and personal stories from three women who access The Beth Centre, a space supporting women living in Lambeth who are at risk of, or affected by, the criminal justice system Also with Boldface, we released the podcast series OurJustlce, made in collaboratlon wlth Communlty Justice Scotland, in which young participants chose a significant person in their life to discuss in the context of experience of the criminal Justice system Workin8 With the Unlverslty of West of England we produced a serles of podcasts with MA Radio students exploring "Brlstol.. City of Activism" Across the year, the podcast had had over 27.681 Ilstens. Other work Artistlc Dlrector Clare Patey gave talks at the Paul Mellon Centre/Yale Unlverslty on Socially Enga8ed Practlce and Beyond, to MA students at the London Colle8e of Communication, and at Museums Without Walls in Motor, Estonia Empathy Museum was invited by Channel 4 to be part of a new pilot series The Museum of U5 for David OIuso8a's production company, Uplands TV Empathy Museum was a collaborator on a new Arts Council England funded film exploring varlous non-pharmaceutical ways people are dealing with recovery from mental illness Page18
Empathy Museum Report of the Trustees Period from l February 2022 to 31 January 2023. Financial Review Total income forthe year was £235,582,. of this. £51,629 were restrirted funds. Alongside thi5, £68,250 of restricted funds were bought forward from 2021/22 for expenditure by projerts taklng place in 2022123. Total expenditure was £261,607. The Board of Trustees Is satlsfied with the cash position at the end of the year. These resources will be used In future to further the aims and objects of the Charity. Publlc Beneflt The Trustees are satisfied that the activity described above engaged a diverse range of people with ideas around empathy, in innovative and enjoyable ways. In doing so, the Trustees feel that the objectlves of the promotlon of moral or splritual welfare or improvement of the community and the advancement of the arts were achieved by the activities carrled out In the year, and that the actlvltles delivered public benefit. Plans for the Future Key aims for the year ahead include: Pursue further opportunltiesforA Mlleln Myshoes to tour Internatlonally Consolidate our UK base and extend our reach beyond London Develop the Empathy Museum Shop Space- uslng a commercial property as a hub for exhibtions and creative collaborations Contlnue to Identlfy and glve visibility to those voices that are rarely heard within the mainstream, e.8. those of refugees and migrants Increase our digital offer, allowing a wider audlence to access our work Develop new participatory public artworks around the theme of empathy Develop our buslness model to broaden our sources of income Page19
Empathy Museum Report of the Trustees Period from l February 2022 to 31 January 2023. Statement of Trustees, Responslbllltles The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Prartice. Company law requires the Trustees las directors of Empathy Museum) to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that year. In preparing those Financial Statements, the Trustees are required to.. Select sultable accounting pollcles and then apply them conslstentlv. Make judgements and estimates that are reasonable and prudent. Prepare the Financial Statements on the going concern basis unless It Is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable Steps for the prevention and detectlon of fraud and other Irre8ularltles. On behalf of the Board Roman Krznaric Chair/ Trustee Date: .............................. Page | 10
Etnpathy Museum Indepdern[ Examlners Report for the yearended 31 March 2023 INDEPENDENT EXAMINERS REPORT For the Year Ended 31 january 2023 Independent exomlrterfs reportiothE fmpathyMuseumthE year ended 31January 20231(harfty no. 11725961 RespectT¥e iespM$lbllltlesof trusttés and ¢xamlnor The rrusiee5 (who are also the prlnclples ofthe companyforthe purposesoftompany lawl are sponsIb for ihe preparation of the accounts. The charfrfstrust¢85 con51der th8t an aud Is not requlred for thtsand th•tan Independentexamlfiatlofi Is needed. Itls my responslbSlltyto'. examlnethe •ccounts to follow the procedures lald dawn lrt the 8eNernl Dlre¢tlon$ 8lven by the Chorlty Comm15slon lunder 5eCtlon 145l5llbl of the Charitle5 ACL to state whether p8rtlcular matters have ¢ome to my attentlon sls ol Indqpqndert exomlnerf5 raport In connertion wlth rny exarninatlon, no materlHI rnatters have come to my attentlon whlch Shes me cause to belleve that In. anymBterlal respect: wntlnl record5 were not kept In accordance wlth 5 Charfty Comm15slon Buid3nce,' or the accounts do not accord wh sueh records.. or the accounts do not wmply wlth relevant ?crountlng requlrement5 Other than any requ1rement thht tho accounts 8lve a 'tru• Hnd falrf vlew whlch15 not a matter con51dered a5 Part of an Independent examlnatloTh', or the accounts have not been prepared In accordance wlth the Charltles SORP IFRS1021. I have no concerns and hève eome across no other matters In connectSon wlth the examlnatlon to whlch attention should be driwn In tthls report In order io enable a proper under51andln8of the Kcwntsto be roached. Jacquellne Tetley Ilndependent examlnerl 9 Wood8ron8e Avenue, Enlheld ENI IEW $18ned.. Date.. 11 Seprember 2023 Page 111
Empathy Museum Statement of Financial Activltes for the year ended 31 January 2023 UnfeslTlrted Restrlcted lund5 funds 2023 2023 Totsl tunds 2023 Total funds 2022 INCOMING FUNDS Notes Income from.. Donations and grants Charitable activities Trust and Foundations Other 30.IYXI 166,332 39,250 69,250 166.332 104,250 106,933 15,000 15,638 TOTAL INCOMING RESOURCES 196,332 39.250 235,582 241,821 RESOURCES EXPENDED Charitable activites Other TOTAL RESOUCES EXPENDED 78,205 134,238 212,443 43,164 121,369 140,238 261.607 173.648 49,164 173 648 NEf INCOMING RESOURCES FOR THE YEAR -16.111 -9,914 -26,025 68,173 RECONaLIATION OF FUNDS Total Funds Bought Forward 46.489 68,250 114,739 46,566 TOTAL FUNDS CARRIED FORWARD 30,378 58,336 88,714 114,739 Page | 12
Empathy Museum Summary Income and Expenditure Account forthe year ended 31 March 2023 Income 2023 2023 2023 2022 Unrestrlrted Restrlrted Totsl Totsl Interest and Investment Income 196,332 39.250 235,582 241,821 Gross Income for the year 196.332 39.250 235,582 241,821 Expenditure 212.443 49.164 261.607 173,648 Depretlatlon and char8es for Impalmient of fixed assets Total expendlture for the year 212,443 49,164 261.607 173,648 Net lexpendfturelllncome before tax for ihe year -16.111 -9.914 -26.025 68,173 Net lexpendlturelllncome for the year -16,111 -9,914 -26,025 68,173 Page | 13
Empathy Museum Statement of Financial Activites forthe yearended 31 January 2023 Tangible A$5ets Notes 2023 2022 Flxed Assets Current Assets Debtors Cash at bank and In hand 22.700 105,459 128,159 8,700 112,507 121,207 Credltors- Amount5 fallin8 due within one year 39,445 6,468 Net Current Asset$ 88,714 114,739 Total assets less current Ilabllltles 88,714 114,739 Total assets excludln8 penslon asset or Ilablllty 88,714 114,739 FUNDS Restricted Incorne Funds Unrestricted Income Funds Reserves 58,336 -29 30.407 88,714 68,250 16,082 30,407 114,739 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the companyto obtain an audit in accordance with section 476 of the Companies Act 2(KJ6. The direttors acknowledge their responsibilities for complying with the requirements of the Companles Art 2006 wlth respect to accounting records and the preparation of accounts, Approved by the board on 12 September 2023 And signed on its behalf by- Roman Krznaric Trustee 2810912023 Page | 14
Empathy Museum Statement of Financial Activites for the year ended 31 January 2023 Cash flows from operatlng artivities 2023 2022 Net (expendlture)/lficome per Statement of Flnandal Activites Adjustments for. Dividends. interest and rents from Investment5 Ilncreasel/Decrease in trade and other receivables Increase in trade and other payables -7,521 10,360 7.521 6.385 Net cash lused Inllprovlded by operatlng actlvltles 2.839 13,906 Cash flows trom lTrvestlng artlvhles Dividends, interest and rents from investments Net cash from Inve5tlng artlvltles Cash flows from flnanclng acll¥ltles Repayment of borrowlng Net cash from Ilnancln8 actlvltles Net {decrease)/lncrease In cash and cash equlvalents 82,079 Cash and cash equlvalents at the be8lnnln8 of the 41 112.507 30,428 Cash and cash equl¥alents at the end of the year 105.459 112,507 Components of cash and cash equlvalents Cash and bank balances 105,459 112,507 105,459 112,507 Page | IS
Empathy Museum Notes to the Accounts for the year ended 31 January 2023 Change in basis of aCCOLtnting or to previous accounts The financial 5tatement5 have been prepared in accordance wlth Accounting and Reporting by Charltles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland (FR5 1021 leffectlve l January 20191- Icharltles SORP IFR5 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006, There has been no change to the accounting policies Ivaluation rules and method of accountin81 since last year and no cha nges have been made to accounts for prevlous years. Fund accounting Unrestrlcted funds These are avallable for use at the dlscretion of the trustees In furtherance of the general objects of the charitv. Designated funds These are unrestrlcted funds earmarked by the trustees for partlcular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representSn8 the restatement of Investment assets at thelr market values. Restrlcted fijnds These are avallable for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charlty becomes entitled to, and virtually certaln to receive, the income and the amount of the income can be measured wlth 5ufflcient rellablllty. Income with related expendlture Is reported gross in the SOFA. Page | 16
Donations and grants Voluntary income received by way of grants. donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclalm5 on donatlons and gifts Income from tax retlaims 15 included in the SOFA at the same time as the giftldonation to which it relates. Donated seryices and facilities These are only intluded in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable. measurable and materlal. Volunteer help The value of any volunteer help received is not included jn the accounts. Investment income This is intluded in the accounts when re1Vable. Gainslllossesl on revaluation of fixed assets This includes any gain or loss resulting from revaluin8 investment5 to market value at the end of the year. Gainslllossesl on investment assets This includes any gain or loss on the sale of investments. Expenditure Recognltlon of expendlture Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and Is reported as part of the expenditure to which it relates. Expendlture on raising funds These comprise the costs as%>Ciated with attractin8 voluntary Income, fundraising trading costs and investment management Expenditure on charitable activities These comprise the costs incurred by the Charlty in the delivery of its activities and services in the furtherance of it5 objects, includin8 the makin8 of grants and governance costs. Grants payable All 8r3nt expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at Governance costs These include those costs associated with meeting the constitutional and statutory requirernents of the Charity. including any audit/independent examination fees, tosts linked to the Other expenditure These are support costs not allocated to a particular activity. Page | 17
Taxation The charity is exempt from corporation tsx on its charitable artivities. Intanglble fixed assets and amortisation Intangible fixed assets linduding purchased goodwill. patents and trademarks) are carried at cost less accumulated amortisation and impairment105ses. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fomi an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other credttors and provisions are recognlsed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obllgatlon can be measured or estimated reliably. Creditor5 and provisions are norrnally recognised at their settlement amount after allowlng for any trade dlscounts due. Page118
Empathy Museum Notes to the Accounts for the year ended 31 January 2023 The company is a private company limSted by guarantee and consequently does not have share capital. l. Statement of Flnanclal Actlvltes- prlor year Unrestrlcted funds 2022 Restrfcted funds 2022 Total funds 2022 Income from: Donations and grants Charitable activities Other tradlng actlvltles Other 30,000 106,933 15,000 15,638 74,250 104,250 106,933 15,000 15,638 Total 167,571 74,250 241,821 Expendlture on: Charltable actlvltes Other 167,648 6,000 173,648 Total 167,648 6,000 173,648 Net lexpendlture)Ilncome -77 68,250 68,173 Reconclllatlon of funds: Total Funds Bought Forward 46,566 46,566 Total funds carried forward 46,489 68,250 114,739 Page119
Empathy Museum Notes to the Accounts for the year ended 31 January 2023 Income from donatlons and grants Unrestrlcted Restrfcted 2023 2023 Total 2023 Total 2022 2 Donations and Grants 30,IJXI 30,CO) 39,250 39,250 69,250 69,250 30,000 30,000 3 Income from charltable actlvStes Unrestrfcted RertrSrted 2023 2023 Total 2023 Total 2023 Charltable attivities Trust and Foundations 166,332 166,332 106,933 15,000 121,933 166.332 166,332 4 Other Income Unrestrfcted Restrlded 2023 2023 Total 2023 Total 2023 Covid Business Interruption Insurance 15,638 15,638 Page120
Empathy Museum Notes to the Accounts forthe year ended 31 January 2023 5 Expendliure on tharltable artlvftles Charitsble Support & Artlthles Governance 1023 2023 Totsl 2023 Total 2022 Accountancy fees Projects Freelancers Markeling Productlon Touring Core costs General admlnlstrative costs Premises costs Other 1,950 1,950 1,738 106.494 4,257 2.645 7,973 106.494 4,257 2,645 7,973 123,190 7,455 7,543 ICK) 261,607 26,513 4,066 2.204 16,139 66,284 21,194 5,553 23,956 167,648 123,190 7,455 7,543 Ich) 140,238 121,369 Page | 21
Empathy Museum Notes to the Accounts for the year ended 31 January 2023 6 Tanglble fixed assets Cost or rewdluatlon At 31 January 2023 DeprecSatlon and Impalmient At l February 2022 At 31 January 2023 Net book value At l February 2022 At 31 January 2023 529 529 529 529 529 529 7 Debtors 2023 2022 Trade debtors Other Debtors- HMRC Museum ReliefTax aaim 8,7C 22,7) 22,7C4) 8,700 8 Credltors 2023 2022 Deferred Income Trade creditors Other taxes and social securitv 44.717 2,487 -7,759 39,445 13202.36 -6734.08 6468.28 9 Movement In funds At l February 2022 Incomln resour¢es {Indudln8 Other gaInlo$s•S) Rescources expended At 31 January 2023 Restrlrted funds: 68,250 39.250 49,164 58,336 68.250 39,250 49,164 58,336 Unrestricted funds: General funds ReseeS 16.082 30.407 46.489 196.332 212,443 -29 30,407 30,378 196,332 212,443 Page | 22
Empathy Museum Detailed Statement of Financial Activttes forthe yearended 31 January 2023 Unrestricted Restrirted funds funds 2023 2023 Income from: Total 2023 Total 2022 Donatlons Donatlons < £5,000 Charities Aid Foundation 30,IXKI 30,0 75,C Grants Grants < £5,OCKJ The Ubele Initiative Compass Lfve Art '.td 29,250 iO,LK)O 29,250 10,000 29,250 30.C#JO 39,250 69,250 104,250 Trusts and Foundatlons The Weston Arts Foundation 15,1)Xi 15,0(Ki Charltable actmtles General 166,332 166,332 166,332 166.332 106,933 106,933 Other CovSd Buslness Interruptlon Insurance Payout 15,638 15.638 Total Incom? 196,332 39.250 235,582 241,821 Page | 23
Empathy Museum Detailed Statement of Financial Activites for the year ended 31 January 2022 Expendlture on: Charitable activities Freelancer5 Marketing Production Touring 63.330 4.257 2.645 7,973 78,205 43.164 106,494 4,257 2,645 7,973 43,164 121,369 32,513 4,066 2,204 16,139 54,923 Core Costs Other 117.190 100 117,290 6.OQX) 123,190 66,284 23,956 90,240 6,CXX) 123,290 Governance costs: Accountancy fees Independent Examlnatlon 1,650 300 1.950 1,650 300 1,950 1,388 350 1,738 Totsl of expendlture on charftsble artl¥ltles 197,445 49,164 246,609 146,900 General admlnlstratlve costs, Indudlng depredatlon and amortlsatlon Advertsing and Marketing 1,491 Bank fees 138 Equipment repairs and maintenance 19 Entertainment 579 Insurance 2.366 IT Software and Consumables 410 Professional fees 40 Premises Costs 7,543 Printlng/Statlonarynelephone 150 Subscriptions 1,914 Sundry 48 Trainin& Seminars and Recruitment 300 14.998 212.443 1,491 138 19 579 2,366 410 464 89 264 2,237 308 11,037 5,553 142 2,013 7.543 150 1,914 3C 14,998 6.000 261.607 4,640 26.747 173.648 Total expendlture Net lexpendSturelllncorne -16.111 -9,914 -26.025 68,173 Net lexpendlturel/lncome before other gainslllosses} Other Gains -16,111 -9,914 -26,025 68,173 Net movements in funds -16,111 -9,914 -26,025 68,173 Reconciliation of funds: Total funds bought forward Total funds carried forward 46,489 30,378 68,250 114,739 58,336 88,714 46,566 114,739 Page | 24