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2025-03-31-accounts

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Company number: 10719031
Charity number: 1174975
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South Downs National Park Trust
Report and Financial Statements
For the year ending 31 March 2025
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South Downs National Park Trust Make jud8ments and accounting estimates that are reasonable and prudent Prepare the financial statements on the 8oln8 concern basls unless It15 Inappropriate to presume that the Trust will continue in busine55. The trustees are responsible for keèping adequate and proper accountlng records that are sufflclent to show and explèin the Trust's transactions and disclose with reasonable accuracy at any time the financial p051tion of the Trust and enable them to ensure that the financial ststements comply wlth the Charities Act 2011 and regulations made thereafter and wlth the requirements of the Companles A¢t 2006. They are also responsible for safeguarding the assets of the Trust and hence for takin8 reasonable step5 for the prevention and detertion of fraud and other Irregularitles. The trustees are responsible for the malntenance and Integrlty of the corporate and flnanclal Informatlon included on the charity's website. Statement as to dlsclosure of Informatlon to audltors So far as the trustees are aware, there is no relevant audit Informatlon las defined by Sertlon 418 of the Companies Act 2006) of whlch the charltable company's auditors are unaware, and each trustee has taken all the Steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that informatlon. Related Partles South Downs Natlonal Park Authorlty ISDNPAI is a related party to South Downs National Park Trust (SDNPTI, due to Its ablllty to appoint 33% of the board. Durlng the year SDNPA provided In-Kind salary and overhe4ds contrlbutlon5 of £152,579 The trust made payments durlng the perlod totallln8 £8.500 to The Goodwood Estate Company Llmlted, company Controlled by the chalrman of the development board, His Grace The Duke of Richmond, Lennox and Gordon, In respect of the restoratlon of North Down Pond and Home Farm Pond. These payments were funded wholly from two restricted grants totallin8 £20,000 from Portsmouth Water specifically for this prolect. Thls report has been prepared In accordance wSth the speclal provlslons of Part 15 of the Companles Act 2CQ6 relating to small companies. Appro byth rus on xx xx 2025 and $18ned on thelr behalf by Dean Or8511 Chalr of Boa f Trustees /£1￿￿£025 12

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South Downs National Park Trust

4 Statement of Financial Activities

For the year ended 31 March 2025

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total Funds|Unrestricted|Restricted| |Funds|Funds|Funds|Funds|Total|Funds| |2025|2025|2025|2024|2024|2024| |Note|&|£|£|£|£|£| |Donations|7.2|232,773|1,925,756|2,158,529|150,572|1,319,371|1,469,943| |Earned|from|charitable|activities|7.3|152,579|0|152,579|227,550|0|227,550| |Investment|income|28,911|8,406|37,317|28,214|7,933|36,147| |Total|income and endowments|414,263|1,934,162|2,348,425|406,336|1,327,304|1,733,640| |Raising|funds|7.4|106,815|2,235|109,050|141,293|2,818|144,111| |Charitable|activities|75|159,317|1,355,999|1,515,316|111,464|1,130,766|1,242,230| |Total|expenditure|266,133|1,358,234|1,624,366|252,757|1,133,584|1,386,341| |Net income/(expenditure)|148,130|575,928|724,058|153,579|193,720|347,299| |Gains/(losses)|on|investment|assets|7.7|315|461|776|14,351|21,022|35,372| |Net movement|in funds|148,445|576,389|724,834|167,930|214,742|382,671| |Reconciliation|of funds:| |Funds|balance|brought|forward|7.8|534,476|1,542,738|2,077,214|368,297|1,326,247|1,694,544| |Transfers|between|funds|7.8|-17,127|17,127|0|-1,750|1,750|0| |Funds|balance|carried forward|665,794|2,136,254|2,802,049|534,477|1,542,739|2,077,215|

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15

South Downs Natlonal Park Trust Balance sheet For the year ended 31 March 2025 Company no. 10719031 Unre•trthrJ Fund• a025 R••trlcto Fundg Tfj￿ Fund 2016 Unr••trfjct•d Fun¢J• 24 R••lrl¢t•d Funds Tow fund ao 2024 Ilo Fl¥•d a••et•: knveitrnents Totsl flxvd a•••l• 190.877 27k.828 410,508 182,271 182 271 7.Q20 449,291 448,291 Currnnt a••s)t•'. D•btor Caih at bank and kn hond Totsl ¢urr•nt •••et•: 7.9 S3,￿1 440.￿5 600,917 1,24&432 1,302,303 1.180,621 2,462 913 7,965 3Eg.198 361,163 581.210 7S8.037 1322 247 6T2,175 4 117,236 Current ltsbllllle: Credior& fllkno wlhth un• y•Ar Totsl cur¥•nt l￿bIl￿O# 6.000. -128,370 -126,370 -14,956 -14958 46.52EI 41 -161,370 Net wJrrènta•••t• 4T491T J6 1276 718 1114•••t• 6￿794 2 138,264 IM2739 2077 216 The lundi of th• ehiihy. Unr¢itrfct8d lun¢1 R••tdct•¢ I￿nds Total lund• 685,794 666,794 534,478 634,476 1 542 TJ9 2 or7,215 2.138.2q4 2,136,1fj4 l.f42.739 1.642,PJg 2,002 049 T8 These financial statements have been prepared In accordance with the provisions applicable to charitable companle5 subject to the small companies re8lme. The flnancial statements were approved by the Board of Trustees and authorlsed for Issue on 3rd Dece ber 2025 nd re si8ned on Its behalf bv: Dean Or8111- of Trustees The notes form part ofthe5e fin ncial statements.

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Total Funds Total Funds
2025 2024
£ £
Cash flows from operating activities:
Net income/(expenditure) per Statement of Activities 724,834 382,671
Add back: Movement on investments (776) (35,372)
Add back: investment Income (37,317) (36,147)
(Increase)/decrease in debtors and other receivables (730,208) 66,086
Increase/(decrease) in creditors and other payables 89,883 39,389
Net cash provided by (used in) operating activities 46,417 416,627
Cash flows from investing activities:
Income from investments
Dividend income 12,887 12,384
Interest income 24,430 23,762
Additions/purchases/disposals (20,440) (54,296)
Net cash provided by investing activities 16,877 -18,148
Change in cash and cash equivalents 63,293 398,479
Cash and cash equivalents at the beginning of the reporting period 1,117,235 718,757
Cash and cash equivalents at the end of the reporting period 1,180,529 1,117,235
Change in cash and cash equivalents 63,294 398,479

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Unrestricted Restricted Total Funds Total Funds
Funds Funds 2025 2024
£ £ £ £
In-Kind Salary Contribution
Salary Costs 83,835 - 83,835 82,632
Overheads 68,744 - 68,744 67,758
Memberships - - - 10,000
Event Ticket & Auction Sales - - - 67,160
Total Income from Charitable Activities 152,579 0 152,579 227,550
Unrestricted Unrestricted Restricted Total Funds Total Funds
Funds Funds 2025 2024
£ £ £ £
In-Kind Salary Contribution Costs
Salary Costs 50,504 50,504 49,462
Overheads 41,413 41,413 40,559
Bank charge 1,281 0 1,281 7,099
Administrative expenses 13,617 2,235 15,852 46,991
Total Expenditure on Raising Funds 106,815 2,235 109,050 144,111
The in-kind salary is the value of resource provided by South Downs National Park Authority towards raising
funds. The South Downs National ParkTrust has no direct employees.
7.5
Expenditure on Charitable Activities
Unrestricted Restricted Total Funds
Total Funds
Funds Funds 2025 2024
£ £ £ £
Charitable Activities:
In-Kind salary contribution costs
Salary Costs 33,330 33,330 33,169
Overheads 27,331 27,331 27,199
Grant 61,530 1,311,667 1,373,196 1,079,854
Administrative expenses 37,127 44,332 81,459 102,008
Total Expenditure 159,317 1,355,999 1,515,316 1,242,229

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Support Governance Governance Total Funds Total Funds
Costs Costs 2025 2024
UF RF UF RF £ £
Administrative Expenses
Design 3,062 3,062 3,001
Expenses 57 57 183
Hospitality 239 239 28,637
Branding 353 353 -
Marketing 4,341 4,341 10,183
Exhibition/Event Costs 297 297 696
Venue Hire 106 106 -
Service charges 3,753 3,753 4,770
Lottery Fees 800 800 -
Subsistence 419 419 -
Subscriptions 1,281 1,281 1,991
Support/consultancy 5,567 5,567 4,445
Tree provision 0 44,275 ~~r~~ 44,275 66,893
Accountancy & Assurance Fees - - 27,046 - 27,046 28,200
Bank Charges 4,759 2,235 - - 6,994 7,099
24,978 46,567 27,046 - 98,591 156,098
Analysis by expenditure type
Raising Funds 14,897 2,235 - - 17,132 54,090
Charitable Activities 10,081 44,332 27,046 - 81,459 102,008
24,978 46,567 27,046 - 98,591 156,098
Listed
Investments
Market Value 2025
At 1 April 2024 £449,291
Additions £117,313
Disposals (82,550)
Revaluations (13,548)
Impairments £0
At 31 March 2025 £470,506
Net Book Value
At 31 March 2025 £470,506
At 31 March 2024 £449,291
2025 2024
£ £
Interest on deposits 24,614 24,046
Interest from fixed interest investments (184) (284)
Dividends from listed investments 9,859 8,009
Dividends from unlisted investments 3,719 3,265
Accrual movement on dividend income (691) 1,110
37,317 36,147

South Downs National Park Trust

7.8 Statement of Funds At the balance sheet dates, reserves totalled £2,802,049 (2024: £2,077,215). Of this amount £665,794 (2024: £534,476) is unrestricted, of which £350,217 (2024: £176,967) has been designated at the trustee’s discretion.

Funds Total 2.077.214 2.378.425 -1,604.366 776 -50.000 2.802.049 2.802.049
Balance 31. Incoming Resources Investment Balance 31
March Resources Ezpended ¥alue Transfers March2025 2025
Unrestricted Funds
UnrestrictedFunds 263,702 395,099 (254,084) - (185,127) 225,590
BeeLines(Designated) 16,000 0 0 - 0 16,000
ReNatureFund(Designated) 25,000 0 0 - 0 25,000
Pounds forPonds(Designated) 23,000 0 (10,000) - 0 13,000
HedgeHomes (Designated) 5,000 0 0 - 0 5,000
SCF - Lottery(Designated) 2,282 3,676 (800) - 10,000 15,158
Future UnrestrictedDevelopment(Designated) : 0 0 - 140,000 140,000
Investment Portfolio Unrestricted 87,807 2,604 (56?) 143 0 $9,987
InvestmentPortfolio Desig.Reserves 105,685 3,134 (682) 172 0 108,309
Core CostRecoveryDesignated : 9,750 0 - 3,000 12,750
CommunityPitch(designated) 15,000
Total Unrestricted Funds 534.476 414.263 (266.133) 315 (17.127) 665.794
Balance 31 Incoming Resources Investment Balance 31
March Resources Ezpended ¥alue Transfers March2025 2025
£ £ £ £ £ £
Restricted Funds
Apprenticeship Programme 41,334 14,912 0 0 0 56,246
SouthDownsWay 108,724 493 -37 0 0 109,181
Travel Grant 8,125 84,963 -40,088 0 0 53,000
VolunteerRangerService 25,717 775 5,144 43 0 21,391
SustainableCommunitiesFund 265,601 7,630 “16,347 419 0 257,303
BeeLines 25,018 60,343 -3,921 0 0 81,446
Trees fortheDowns 88,914 90,992 -86,238 0 0 93,668
Boltini Litter Fund 6.241 0 -2,128 0 0 4,113
Youth ActionFund 6477 7,544 -6,000 0 6477 1,544
Seven Sisters 1,502 3,450 -100 0 0 4,852
OVCA, 514,062 602,315 -764,521 0 -15,000 336,856
Access 2,669 1,000 0 0 0 3,669
BeachyHead 7,639 634 -8,037 0 0 2396
ReNatureFund 222,338 10,830 167,818 0 -137,500 -72,150
Pounds forPonds 122,185 320 40,879 0 0 81,626
Hedgehomes 1,847 23,149 -7,318 0 0 17,078
London Residential -9,500 26,500 “14,210 0 -1,000 1,730
SustainableCommunitiesFund AllocatedFunds 25,148 25,000 -33,635 0 0 16,513
Community Pitch 1641 65,045 3 0 15,000 81,683
StapleAshFarmDewPond 0 0 -1,500 0 1,500 0
River Lavant “1,041 2.541 0 0 -1,500 0
Apprenticeship Programme(woodland) 523 0 -10,000 0 3,400 7?
MicklemReNatureProject -2,787 25,000 0 0 0 22,213
Downs totheSea 68,792 747,652 53,936 0 50,000 812,508
NetherleyDewPond 7,403 1,307 “8,710 0 0 0
GoodwoodDewPonds 14,856 -1,500 -8,500 0 0 4,856
InnovateUK 2,265 0 0 0 0 2,265
Health andWellbeingGrant 0 7,500 -3,750 0 1,250 5,000
Heaver PondRestoration 0 10,000 0 0 0 10,000
RenatureSchoolGrants 0 37,500 -10,572 0 37,500 64,428
Viticulture 0 70,000 44,240 0 0 25,760
Species Stories 0 20,000 0 0 0 20,000
Core CostRecoveryRestricted - 18,200 0 0 1,000 19,200
TotalRestrictedFunds 1,542,738 1,964,162 (1.338.234) 461 (32.873) 2.136.254

23

Balance 31 Incoming Resources Investment Balance 31
March 2023 Resources Expended Value Change Transfers March 2024
£ £ £ £ £ £
Unrestricted Funds
Unrestricted Funds 149,479 397,877 (235,904) - (41,750) 269,702
Bee Lines (Designated) 16,000 - - - - 16,000
ReNature Fund (Designated) 25,000 - - - - 25,000
Pounds for Ponds (Designated) 38,000 - (15,000) - - 23,000
HedgeHomes (Designated) 5,000 - - - - 5,000
SCF - Lottery (Designated) - 3,043 (761) - - 2,282
Investment Portfolio Unrestricted 39,333 2,457 (496) 6,512 40,000 87,807
Investment Portfolio Desig. Reserves 95,485 2,958 (597) 7,838 - 105,685
Total Unrestricted Funds 368,297 406,336 (252,757) 14,351 (1,750) 534,476
Restricted Funds
Access 6,744 6,250 (10,325) - - 2,669
AMEX Partnership 44,750 - - - (44,750) -
Apprenticeship Programme 5,627 38,000 (5,627) - 3,334 41,334
Apprenticeship Programme (Woodland) 15,000 10,000 (24,477) - - 523
Beachy Head 6,755 934 (50) - - 7,639
Bee Lines 17,241 37,786 (30,009) - - 25,018
Boltini Litter Fund 7,620 - (1,379) - - 6,241
Centurion Ramp 13,170 2,170 (15,340) - - -
Centurion Way - 100,000 (100,000) - - -
Community Pitch 15,000 17,960 (31,319) - - 1,641
Conservation 207,000 64,360 (69,185) - - 202,175
Downs to the Sea 130,511 (18,005) (43,715) - - 68,792
Egrets Way 4,498 - (4,498) - - -
Elms 2,700 - (2,700) - - -
Goodwood Dew Ponds - 20,000 (5,144) - - 14,856
Health and Wellbeing Grant - 7,500 (7,500) - - -
Hedgehomes 5,320 181 (10,320) - 6,666 1,847
Innovate UK - 3,345 (1,080) - - 2,265
IWill Grant (1,477) 5,000 (10,000) - - (6,477)
London Residential (2,500) 5,400 (14,900) - 2,500 (9,500)
Micklem ReNature Project - 25,000 (27,787) - - (2,787)
Netherley Dew Pond 7,403 - - - - 7,403
Ouse Valley Cares 274,638 663,060 (423,636) - - 514,062
Pounds for Ponds 121,750 90,563 (90,128) - - 122,185
Regenerative Grazing Project (23) 23 - - - -
ReNature Fund (19,245) 63,269 (23,861) - - 20,163
River Lavant 5,896 - (6,937) - - (1,041)
Seven Sisters 2,981 1,634 (3,113) - - 1,502
South Downs Way 82,533 26,280 (89) - - 108,724
Staple Ash Farm Dew Pond 8,500 1,500 (10,000) - - -
Sustainable Communities Fund 243,087 32,463 (29,033) 19,083 - 265,601
Sustainable Communities Fund Allocated Funds 41,800 - (16,652) - - 25,148
Travel Grant (4,391) 32,659 (27,643) - 7,500 8,125
Trees for the Downs 61,691 75,159 (74,436) - 26,500 88,914
Volunteer Ranger Service 13,668 14,813 (4,702) 1,938 - 25,717
Wiggle Room Project 8,000 - (8,000) - - -
Total Restricted Funds 1,326,247 1,327,304 (1,133,584) 21,022 1,750 1,542,739
Total Funds 1,694,544 1,733,640 (1,386,341) 35,372 - 2,077,215
10
th Anniversary Schools Grant
Funds donated to celebrate the 10th anniversary of the National Park, providing small grants for
conservation and educational projects conducted on School Grounds
75th Anniversary School Grants Fund to support school projects that enhance biodiversity and create vibrant green spaces for learning
and wildlife
Access
~~a~~
Funds for access projects in the South Downs
~~a~~
~~G~~
AMEX Partnership
~~a~~
Funds related to a national partnership with Amex, which will be distributed to a number of different
projects
~~a~~
~~G~~
Apprenticeship Programme
~~a~~
Funds for Conservation Apprentices
~~a~~
~~G~~
Apprenticeship Programme (Woodland)
~~a~~
Funds for Woodland Apprentices
~~a~~
~~G~~
Beachy Head Funds donated to the Beachy Head estate, to be spent on charitable initiatives within their geography
Bee Lines
~~a~~
Funds for our"Beelines"campaign, supporting pollinator habitat restoration
~~a~~
Boltini Litter Fund
~~a~~
Funds donated by the Boltini Trust for litter education and litter picking support
~~a~~
Butser
~~a~~
Matched funds donated to the Butser Hill landscape enhancement initiative
~~a~~
~~D~~
Centurion Ramp Funds donated to the Singleton Ramp on the Centurion Way all access trail
~~G~~
Centurion Way
~~a~~
Funds donated to the Centurion Way all access trail
~~G~~
~~a~~
Community Pitch
~~a~~
Funds for the "Community Pitch" proposal, which forms part of our Ouse Valley Climate Action project
and provides community grants for initiatives championing issues around sustainability
~~a~~
Conservation
~~a~~
Funds for Conservation projects, including those driven by our ReNature campiagn
~~a~~
~~G~~
Core Cost Recovery Designated
~~a~~
Fund to secure a 15% contribution from gifts towards core costs, further supporting our financial
resilience.
~~a~~
~~G~~
Core Cost Recovery Restricted Fund to secure a 15% contribution from gifts towards core costs, further supporting our financial
resilience.
Downs to the Sea
~~a~~
Funds for the"National Lottery Heritage Fund"funded Downs to the Sea project
Egrets Way
~~a~~
~~a~~
Funds for the Egrets Way all access trail
~~G~~
Elms
~~a~~
Funds for the planting of disease resistant elm trees
~~G~~
Farrington Yew Tree
~~a~~
Funds for the conservation of the Farringdon Church Yew Tree
~~a~~
Forest Dance Tour Funds donated for the Forest Dance project otherwise known as“Echoes Within The Earth”
Future Unrestricted Development (Designated) Funds to provide for the exploration of consultancy, fundraising or other opportunities that may arise.
Goodwood Dew Ponds
~~a~~
Funds for the restoration of two dilapidated ponds within the Goodwood Estate
~~a~~
Hampshire Hedgerows Funds for Hedgerow conservation projects in Hampshire and Sussex, primarily delivered by the
Selbourne and Winchester farm clusters
Health and Wellbeing Grant Funds for travel assistance for those suffering from social isolation to benefit from the South Downs
National Park
Heaver Pond Restoration
~~a~~
Fund for the restoration of 20m x 13m oval shaped pond at Heaver Farm
~~a~~
Hedgehomes Funds for Hedgerow conservation projects across the Downs
Innovate UK
~~a~~
Funds relating to the One Planet Partnership project
~~a~~
~~G~~
Youth Action Fund
~~a~~
Funds for projects which encourage Youth Volunteering in and around the South Downs
~~a~~
~~G~~
London Residential Funds for our partnership with the Garden Classroom, funding South Downs residentials for young
people from London
Micklem ReNature Project
~~a~~
Funds from the Gerald Micklem Trust, supporting a ReNature project at Beacon Hill
~~a~~
~~G~~
Netherley Dew Pond Funds for the restoration of Netherly Dew Pond
Otterbourne Conservation Group
~~a~~
Funds donated by Friends of the Otterbourne Conservation Group.
Ouse Valley Cares Funds for"National Lottery Community Fund"funded Ouse Valley Climate Action Partnership Project
Pounds for Ponds
~~a~~
Funds for our"Pounds for Ponds"campaign for the restoration of dew ponds
Regenerative Grazing Project
~~a~~
Funds for an agricultural study on the opportunities presented by mob grazing
ReNature Fund Funds to support conservation projects that are exploring opportunities to use "Green Finance" to fund
their restoration
River Lavant
~~a~~
Funds to support a survey of the River Lavant
~~D~~
Seven Sisters Funds donated to the Seven Sisters estate, to be spent on charitable initiatives within their geography
South Downs Way
~~a~~
Funds donated for the support of the South Downs Way
Species Stories
~~a~~
Fund to explore different ways of communicating priority species and nature recovery with the public
Staple Ash Farm Dew Pond
~~a~~
Funds donated for the restration of Staple Ash Dew Pond
Sustainable Communities Fund Fund for the Sustainable Communities Fund, which is run in partnership with the South Downs National
Park Authority
Sustainable Communities Fund Allocated Funds
~~a~~
Sustainable Community Funds that have been allocated to potential projects
~~G~~
Swing Gate for Stiles
~~RG~~
Fund to replace stiles for swing gates
~~RG~~
Travel Grant Funds to provide education trips, including transport, within the South Downs
Trees for the Downs
~~a~~
Funds for our"Trees for the Downs"campaign, supprting Tree Planting in the South Downs
~~a~~
~~G~~
Viticulture Fund aims to support the anticipated growth of hectares under vine in West Sussex, in the most
environmentally sustainable way possible.
Volunteer Ranger Service
~~a~~
Funds donated by the Volunteer Ranger Scheme to support volunteer projects in the South Downs
~~a~~
West Marden Dewpond Funds for the restoration of West Marsden Dew Pond
~~G~~
Wiggle Room Project
~~a~~
Funds supporting the"Wiggle Room"projects. A partnership with the SDNPA and Towner Gallery
2025 2024
Accrued Income £1,302,383 £572,176
Total Debtors £1,302,383 £572,176
2025 2024
Accrued expenditure £151,370 £61,487
Total Creditors £151,370 £61,487

During the year, the trust made payments during the period totalling £8,500 to The Goodwood Estate

2025 2024
£ £
Conservation 1,282,326 1,029,311
Education 90,870 50,543
1,373,196 1,079,854

Grants were made to the following groups of organisations

2025 2024
Conservation £ £
South Downs National Park Auth 962,448 708,794
Other organisations 275,768 259,464
Schools 14,000 4,520
Parish Councils/Local Authorities 13,580 40,568
Other individuals 16,531 15,965
1,282,326 1,029,311
2025 2024
Education £ £
South Downs National Park Auth 60,088 27,643
Other organisations 19,202 20,900
Schools 8,620 2,000
Parish Councils/Local Authorities 2,960 -
90,870 50,543
2025 2024
£ £
Ticket proceeds & operator payments 4,401 4,184
Prize fund & agent share (2,001) (1,902)
Other fees (800) (761)
Net profit 1,600 1,521