THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered Charity 1175099)
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR TO 31 DECEMBER 2023
THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered Charity 1175099)
| INDEX | PAGE |
|---|---|
| TRUSTEES REPORT | 1-4 |
| INDEPENDENT EXAMINER’S REPORT | 5 |
| RECEIPTS AND PAYMENTS ACCOUNT | 6 |
| ASSETS AND LIABILITIES | 7 |
| NOTES TO THE ACCOUNTS | 8-12 |
THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)
TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
The Charity is a charitable incorporated organisation (CIO) registered with the Charity Commission on 11 October 2017 with the purpose of taking over the assets and liabilities of The Yorkshire Historic Churches Trust (registered charity 700639). The transfer took place with effect from 1 February 2018.
The purpose of the Trust is the preservation, repair and maintenance of Christian Churches in Yorkshire and of the monuments, fittings, fixtures, stained glass, furniture, ornaments, bells, clocks and chimes in such Churches and the churchyard belonging to such Churches.
The trustees confirm that the Charity has complied with its duty to have regard to the guidance on public benefit published by the Charity Commission.
ACHIEVEMENTS AND PERFORMANCE
The Charity achieves its objectives by paying grants to churches and chapels for the carrying out of works within the objectives of the Charity. It is the policy of the Charity to award in grants in each year an amount approximating to its income after expenses (other than grants) for the previous year, and in the event of any awarded grant lapsing to reallocate the amount lapsed or if any balance is unawarded in any year to carry it forward to the following year. Grants are awarded by the Trustees on the recommendation of a committee which proposes grants on the basis of the Charity’s objectives, and the applicant’s needs, balanced against the resources allocated for awards. The Charity seeks to keep in cash deposits sufficient funds to pay all grants awarded or allocated.
During the period covered by the accounts £118,000 was paid out in grants and £116,500 of grants were awarded. At the year-end grants totalling £131,964 were outstanding for payment on completion of the work. Details of all grants paid or lapsed in the period covered by these accounts and all grants awarded but unpaid at 31 December 2023 are shown in the notes to the accounts. During 2023 the income of the Charity (after allowing for the monthly withdrawals from the Investment Fund and including legacies of £12,750 transferred to the Investment Fund for expenditure in later years) amounted to £193,656 (2022 £230,288) and its expenses (other than grants) were £24,538 (2022 £23,954) showing a surplus after the legacy transfer of £156,368 (2022 £144,584). The Trustees have allocated £154,508 for award in 2024, increased to £212,821 by the contribution from legacies and an unawarded allocation from 2023 of £44,373.
The greater part of the Charity’s income derives from grants from charitable trusts and it is most grateful to them for their support, and particularly to the Liz & Terry Bramall Foundation which has supported the Charity for many years and has renewed its support for a further 5 years in an increased amount. The trusts supporting the Charity are listed in note 3 to the accounts.
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THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)
TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2023
The Charity participates in the national Ride & Stride event held in September as a means of raising funds for the Charity and the churches or chapels of the participants. In September this event attracted two participant groups and raised £1903 of which half was rebated in grants to the participants nominated churches.
The Charity has a membership of 152 friends and 76 subscribing churches. In addition to an annual report they receive periodic newsletters and activities, such as tours, lectures and social events, are organised to maintain contact and support. Online lectures originally introduced in 2020 as a response to Covid-19 have proved successful and are being continued regularly every winter.
The Charity seeks to demonstrate the public value of its work in supporting churches by encouraging churches, clergy and congregations to publicise its contributions and by promoting its activities through media coverage, locally and nationally including increasingly on social media. Yorkshire Churches Day to promote the work and membership of the Charity and raise funds was launched in September 2022 on a trial basis and is intended to be rolled out annually on a wider basis.
The Charity is grateful to the members and volunteers who have given their time to organise tours and events and to members who support them.
FINANCIAL POLICIES
Legacies and Bequests
Since legacies and bequests are not received on a regular basis and in order to even out year on year the amount available for grants, legacies and bequests are not treated as income distributable in the year following receipt. Those under £2000 are allocated for grants at the next 6-monthly grant meeting following receipt; those in excess of £2000 but under £5000 are allocated as to 50% at each of the next two meetings; those between £5000 and £25,000 are allocated at the rate of 20% per annum and those over £25,000 are allocated at the rate of 10% per annum; pending distribution legacies and bequests will be invested as part of the Investment Fund.
Investment
Funds required to meet grants awarded or allocated are held on deposit with the Central Board of Finance of the Church of England and banks. Funds not immediately required for this purpose are held in the form of listed investments managed on a discretionary basis by professional investment managers. The present managers were appointed following a selection process managed by a subcommittee of the Trustees during 2019. A monthly transfer (indexed to inflation) is drawn from the income and/or capital of the portfolio. The present mandate for the investment managers is to invest at medium to high risk and to generate a return after charges of at least CPI + approximately 3.2% on the portfolio. These funds and the returns made are regularly monitored by the Trustees.
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THE YORKSHIRE HISTORIC CHURCHES TRUST
(Registered charity 1175099)
TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2023
Reserves
The Charity operates on the basis that it distributes in each year the surplus of the previous year and during the course of a year retains that surplus in cash deposits as a reserve for distribution in the following year; it does not require additional reserves since administrative costs can readily be met out of the monthly investment withdrawal. At 31 December 2023 there was a deficit of £5612 (2022 £4076 surplus) on the general fund after allowing for £50,000 made available for investment as part of the Investment Fund but which may be recalled at any time. The Trustees do not consider this to be of concern given that a significant proportion of the grants to be awarded in 2024 will not be paid before 2025 and the availability of the investment fund. The Charity does not retain reserves for future grant awards but distributes the whole surplus of the year whether more or less than previous years. It is the Trustees intention that the designated Investment Fund should remain invested to provide increasing income to be expended on the charitable objects of the Charity, but the Fund remains available for expenditure for these purposes at the discretion of the Trustees.
RISK MANAGEMENT
The Charity has performed a Risk Management Review to identify risks associated with its activities, and systems and procedures are in place to manage the risks and adequate insurance is maintained.
LEGAL STRUCTURE
The Charity is a Charitable Incorporated Organisation managed by not less than four nor more than ten charity trustees; at 31 December there were ten Trustees. The Trustees meet four times a year. At present the Charity has one committee chaired by a Trustee charged with recommending grants to be awarded by the Charity.
REFERENCE AND ADMINISTRATIVE INFORMATION
TRUSTEES
Trustees who served during the period were:
Tom Ramsden – Chairman (reappointed 23 October 2023)
Richard Bailey – Treasurer Robert Beaumont Jane Crease Moira Fulton Kate Giles (reappointed 7 July 2023) Sylvia Johnson – Chairman of Grants committee Clive Lloyd (reappointed 13 January 2023) Rory Wardroper Michael Wildblood
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THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)
TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2023
| Treasurer |
Secretary (principal address) Grant Secretary Investment Managers | Secretary (principal address) Grant Secretary Investment Managers |
|---|---|---|
| Richard Bailey | Mrs Vanessa White | Jonathan Stamp LGT Wealth Management |
| 2 Dalton Terrace | 17 Silverdale Close | 11 Ovington Close Minerva House |
| York |
Guiseley | Templetown 29 East Parade |
| YO24 4DA |
Leeds | Consett Leeds |
| LS20 8BE | Co. Durham LS1 5PS |
|
| DH8 7NY |
| Bankers | Solicitors | Independent Examiner |
|---|---|---|
| Co-operative Bank | Lupton Fawcett Denison Till | Sarah Wearing FCA |
| PO Box 101 | Stamford House | HPH |
| 1 Balloon Street | Piccadilly | Chartered Accountants |
| Manchester | York | 54 Bootham |
| M60 4EP | YO1 9PP | York |
| YO30 7XZ |
Approved by the Trustees on 26 April 2024 and signed on behalf of the Charity by:
……………………………………………………………. Tom Ramsden (Chairman)
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE YORKSHIRE HISTORIC CHURCHES TRUST
I report to the trustees on my examination of the accounts of The Yorkshire Historic Churches Trust (the “Trust”) for the year ended 31 December 2023.
This report is made solely to the charity's trustees, as a body, in accordance with Section 154 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trust and the charity's trustees as a body, for my independent examination work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sarah Wearing FCA, DChA HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ
26 April 2024
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THE YORKSHIRE HISTORIC CHURCHES TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 31 DECEMBER 2023
| Note GENERAL FUND Receipts Donations and Legacies Donations and Subscriptions Church Collections Grants from charitable trusts 3 Gift Aid tax reclaim Yorkshire Churches Day Legacies and Bequests Miscellaneous Other activities Sponsored event Events Financial activities Interest on deposits Total receipts Payments Charitable Activities Grants to churches 4 Sponsored ride - repaid to churches Yorkshire Churches Day Raising funds Events Administration costs 8 & 9 Administration of grants Administration of membership Administration of charity Total payments Net Receipts before transfer Transfer of income from Investment Fund Transfer of capital from Investment Fund Transfer of bequests to Investment Fund Net Receipts after transfers INVESTMENT FUND Receipts Income of Investment Fund Sale of investments Capital receipts Payments Purchase of investments Witholding tax Investment management fees Net Receipts/(Payments) before transfer Transfer of income to General Fund Transfer of cash(legacies) to Investment Fund Transfer of capital to General Fund Net (Payments)/Receipts after transfers Reconciliation of Funds Total Funds brought forward Net receipts Total cash funds carried forward |
2023 Restricted Funds £ - - 25,000 - - - - - - - 25,000 16,000 - - - - - - 16,000 9,000 - - - 9,000 - - - - - - - - - - - - - 35,000 9,000 44,000 |
2023 Unrestricted Funds £ 18,529 1,662 80,100 3,511 1,927 16,802 - 1,903 3,789 6,528 134,751 102,000 951 2,827 815 4,583 2,940 12,422 126,538 8,213 33,905 11,695 (12,750) 41,063 34,479 235,376 360 270,215 247,585 574 8,839 256,998 13,217 (33,905) 12,750 (11,695) (19,633) 232,908 21,430 254,338 |
2023 Total Funds £ 18,529 1,662 105,100 3,511 1,927 16,802 - 1,903 3,789 6,528 159,751 118,000 951 2,827 815 4,583 2,940 12,422 142,538 17,213 33,905 11,695 (12,750) 50,063 34,479 235,376 360 270,215 247,585 574 8,839 256,998 13,217 (33,905) 12,750 (11,695) (19,633) 267,908 30,430 298,338 |
2022 Total Funds £ 20,887 269 101,500 3,333 150 65,904 18 335 2,815 1,237 |
|---|---|---|---|---|
| 196,448 | ||||
| 93,030 218 5,767 739 4,619 3,840 8,771 |
||||
| 116,984 | ||||
| 79,464 33,840 - (61,750) |
||||
| 51,554 | ||||
| 34,596 287,403 111 |
||||
| 322,110 | ||||
| 333,894 - 8,949 |
||||
| 342,843 | ||||
| (20,733) (33,840) 61,750 - |
||||
| 7,177 | ||||
| 209,177 58,731 |
||||
| 267,908 |
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THE YORKSHIRE HISTORIC CHURCHES TRUST ASSETS AND LIABILITIES AT 31 DECEMBER 2023
| Note CASH ASSETS Central Board of Finance of the Church of England -Deposit Fund Bank Deposits 11 Current Account 11 Deposit within Investment Fund Income within Investment Fund Total Cash Assets INVESTMENT ASSETS Investments 12 TOTAL ASSETS LIABILITIES Amounts falling due within one year Grants to churches 6 TOTAL LIABILITIES NET ASSETS THE FUNDS OF THE CHARITY Investment Fund 12 Grant Fund Assets 7 Liabilities 6 General Fund TOTAL CHARITY FUNDS |
2023 Restricted Funds £ - 44,000 - - - 44,000 - 44,000 33,000 33,000 11,000 - 44,000 33,000 11,000 - 11,000 |
2023 Unrestricted Funds £ 162,206 62,818 25,401 2,566 1,347 254,338 1,124,444 1,378,782 98,964 98,964 1,279,818 1,128,357 306,037 98,964 207,073 (55,612) 1,279,818 |
2023 Total Funds £ 162,206 106,818 25,401 2,566 1,347 298,338 1,124,444 1,422,782 131,964 131,964 1,290,818 1,128,357 350,037 131,964 218,073 (55,612) 1,290,818 |
2022 Total Funds £ 104,703 138,520 1,139 21,385 2,161 |
|---|---|---|---|---|
| 267,908 | ||||
| 1,052,691 | ||||
| 1,320,599 | ||||
| 136,464 | ||||
| 136,464 | ||||
| 1,184,135 | ||||
| 1,076,238 290,285 136,464 |
||||
| 153,821 (45,924) |
||||
| 1,184,135 |
The Notes on pages 8 to 12 form part of these financial statements
Approved by the Trustees on 26 April 2024
T J P RAMSDEN R C BAILEY Chairman Treasurer
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THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The charity is a Charitable Incorporated Organisation registered with the Charity Commission for England and Wales and is governed by the Charities Act 2011.
2. ACCOUNTING POLICIES
Basis of Accounts
The financial statements have been prepared to give a ‘true and fair’ view on a receipts and payments basis and under the historical cost convention, modified to include investments at market value.
The significant accounting policies applied in the preparation of these financial statements are set out below.
Funds
Unrestricted monies held are those which the trustees are free to use in accordance with the charitable objectives of the Trust.
Designated funds represent funds set aside by the trustees out of unrestricted funds for grants to churches or investment.
Restricted Funds are those where the use has been specified by the donor.
Income
All income is included in the Receipts and Payments account when received by the Charity.
Investment income generated is allocated to general unrestricted purposes.
Subscriptions are included in the Receipts and Payments account at the time of receipt. Advance and Life subscriptions are not offered. Life membership and advance subscriptions not already recognised by the predecessor trust were recognised as income by the charity in an earlier period.
Expenditure
Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all costs related to the category. The Trust is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
Charitable expenditure comprises those costs incurred by the charity in pursuit of its charitable objects.
Grants
Grants payable are included in the Receipts and Payments account for the year in which they are paid by the Charity; grants awarded but not yet paid are regarded as a liability of the Charity.
Investments
Quoted investments held in the nature of fixed assets are stated at market value.
Bank and other deposits held to meet operating requirements are treated as current assets.
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THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023
| 2023 2023 2023 Restricted Unrestricted Total Funds Funds Funds 3 GRANTS FROM CHARITABLE TRUSTS £ £ £ Liz & Terry Bramall Foundation - 75,000 75,000 Holy Rood Community Trust 25,000 - 25,000 Ilkley Trust - 700 700 Spooner Trust - 1,000 1,000 Lord Barnby Foundation - 2,000 2,000 Calmcott Trust - 500 500 Edward Ramsden Trust - 900 900 25,000 80,100 105,100 4 GRANTS TO CHURCHES £ £ £ Grants Paid Baildon, St James - 1,000 1,000 Bierley, St John the Evangelist - 4,000 4,000 Bradford, St Cuthbert - 10,000 10,000 Bradford, Holy Trinity - 9,000 9,000 Bradford, St Joseph - 3,000 3,000 Bradford, St Joseph - 8,000 8,000 Clifford, St Edward King and Confessor - 8,000 8,000 Gargrave, St Andrew - 1,300 1,300 Golcar, Providence Methodist - 3,500 3,500 Golcar, St John the Evangelist - 3,200 3,200 Goole, St John - 6,000 6,000 Great Ouseburn, St Mary - 3,000 3,000 Hickleton, St Wilfred of York - 3,500 3,500 Leeds, All Hallows - 10,000 10,000 Leeds, Our Lady of Lourdes - 3,500 3,500 Long Marston, All Saints 4,000 - 4,000 Marr, St Helen - 3,500 3,500 Settrington, All Saints 6,000 - 6,000 Sheffield, Cemetery Road Baptist Church - 2,500 2,500 Sheffield, St Margaret - 3,500 3,500 Sheffield, St Thomas Wincobank - 3,500 3,500 Slaithwaite, St James - 5,000 5,000 Winestead, St Germain 6,000 - 6,000 Womersley, St Martin - 2,500 2,500 York, Central Methodist Church - 4,500 4,500 Paid in prior year - - - 16,000 102,000 118,000 All the above grants approved from restricted designated and unrestricted funds were to 5 GRANTS WITHDRAWN £ £ £ Heckmondwike, Holy Spirit - 3,000 3,000 - 3,000 3,000 |
2023 Restricted Funds £ - 25,000 - - - - - |
2023 Unrestricted Funds £ 75,000 - 700 1,000 2,000 500 900 |
2023 Total Funds £ 75,000 25,000 700 1,000 2,000 500 900 |
2022 Total Funds £ 60,000 40,000 500 1,000 - - - |
|---|---|---|---|---|
| 25,000 | 80,100 | 105,100 | 101,500 | |
| £ 1,000 4,000 10,000 9,000 3,000 8,000 8,000 1,300 3,500 3,200 6,000 3,000 3,500 10,000 3,500 - 3,500 - 2,500 3,500 3,500 5,000 - 2,500 4,500 - |
£ 1,000 4,000 10,000 9,000 3,000 8,000 8,000 1,300 3,500 3,200 6,000 3,000 3,500 10,000 3,500 4,000 3,500 6,000 2,500 3,500 3,500 5,000 6,000 2,500 4,500 - |
£ - - - - - - - - - - - - - - - - - - - - - - - - - 93,030 |
||
| 16,000 | 102,000 | 118,000 | 93,030 | |
| institutions £ 3,000 |
||||
| - | 3,000 | 3,000 | 3,000 |
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THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023
| 6 GRANTS AWARDED BUT UNPAID Amotherby, St Helen Chopgate, St Hilda Cookridge, Holy Trinity Harome, St Saviour Healey, St Paul Holmbridge, St David Huddersfield, St Stephen Leeds, Cathedral Church of St Anne Leeds, St Augustine Mount Pellon, Christ Church Ripon, St Wilfrid Ripponden, Stones Methodist Skirlaugh, St Augustine Slingsby, All Saints South Kirby, All Saints Snape, St Mary's Chapel South Stainley, St Wilfrid Wetherby, St Joseph Whitgift, St Mary Magdalene Woodkirk, St Mary the Virgin Yapham cum Meltonby, St Martin York, Cornerstone Church York, St Michael-le-Belfrey Awarded but unpaid at end of prior year Bradford, Our Lady of Lourdes & St William Reeth, Evangelical Congregational Church |
2023 Restricted Funds £ 6,000 - 3,000 - - - - - - - - - - - - 4,000 - - - - - - 5,000 - 15,000 |
2023 Unrestricted Funds £ - 3,000 - 7,000 5,000 1,000 7,000 8,000 4,000 6,000 12,000 5,250 4,000 5,000 6,385 - 5,000 329 3,000 2,000 3,000 7,000 - 5,000 - |
2023 2022 Total Total Funds Funds £ £ 6,000 - 3,000 - 3,000 - 7,000 - 5,000 - 1,000 - 7,000 - 8,000 - 4,000 - 6,000 - 12,000 - 5,250 - 4,000 - 5,000 - 6,385 - 4,000 - 5,000 - 329 - 3,000 - 2,000 - 3,000 - 7,000 - 5,000 - 5,000 - 15,000 - 136,464 |
|---|---|---|---|
| 33,000 | 98,964 | 131,964 136,464 |
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THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2023
| 7 GRANT FUND Grants awarded but unpaid at 1 January 2023 Grants awarded 2023 Grants paid to churches Grants withdrawn/reduced Grants awarded but unpaid at 31 December 2023 2023 Allocation unawarded Allocation for grants for 2024 Total Fund at 31 December 2023 8 ADMINISTRATION COSTS Administration of Grants Grant Secretary - Salary and expenses Printing and Photocopying Administration of Membership Secretarial Fees Administration of charity Secretarial Expenses Printing, stationery & postage Independent Examination Fee Insurance Website Development Sundries 9 STAFF COSTS Salaries Average Head Count |
2023 Restricted Funds £ 24,000 25,000 (16,000) - |
2023 Unrestricted Funds £ 112,464 91,500 (102,000) (3,000) |
2023 2022 Total Total Funds Funds £ £ 136,464 128,865 116,500 107,300 (118,000) (93,030) (3,000) (6,671) 131,964 136,464 44,373 15,521 173,700 138,300 350,037 290,285 £ £ 4,287 4,093 296 526 4,583 4,619 2,940 3,840 2,940 3,840 8,660 5,120 714 640 1,500 1,500 1,044 1,005 353 374 151 132 12,422 8,771 4,287 £ 4,068 £ 1 1 |
|---|---|---|---|
| 33,000 - 11,000 |
98,964 44,373 162,700 |
||
| 44,000 | 306,037 | ||
10 TRUSTEES EXPENSES
No reimbursment of expenses was made to any trustee (2022: £nil). No Trustee nor any person connected with them may receive any remuneration directly or indirectly from the Charity's funds.
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THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023
| 11 BANK DEPOSITS Charity Bank Co-operative Bank - Business deposit account United Trust Bank - 1 year bond to 24/6/24 United Trust Bank - 1 year bond to 11/11/24 United Trust Bank - 100 day notice account United Trust Bank - 1 year bond to 17/6/23 CURRENT ACCOUNT Co-operative Bank 12 INVESTMENTS Quoted Investments Market Value at 1 January 2023 Market Value at 31 December 2023 Historical Cost at 31 December 2023 Investments held at 31 December 2023 by category are: UK Government Bonds UK Bond Funds Global Bond Funds UK Corporate Bonds UK Equities UK EquityFunds UK Property Funds European Equities North American Equities Asian Equities Foreign & Global Funds Foreign Property Funds Alternatives and Infastructure Liquidity Funds |
2023 2022 £ £ 14,361 23,947 24,912 48,564 46,827 - 20,718 - - 20,009 - 46,000 106,818 138,520 25,401 1,139 £ £ 1,052,691 1,164,548 1,124,444 1,052,691 976,636 969,584 96,097 80,985 102,836 62,739 21,273 - 15,883 - 266,371 275,257 - 5,391 9,681 11,725 198,732 185,624 242,492 229,260 39,356 31,168 18,346 12,031 9,424 - 89,551 121,200 14,402 37,311 1,124,444 1,052,691 |
|---|---|
NB The Investment Fund includes £50,000 transferred from the General Fund which may be recalled to the General Fund at any time.
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