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2024-03-31-accounts

REGISTERED COMPANY NUMBER: CE013357 (England and Wales) REGISTERED CHARITY NUMBER: 1177297

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Plus Accounting Chartered Accountants Preston Park House South Road Brighton East Sussex BN1 6SB

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Contents of the Financial Statements for the year ended 31 March 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 14
Detailed Statement of Financial Activities 15 to 16

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Report of the Trustees for the year ended 31 March 2024

Introduction

Welcome to NGRC's Trustees' Annual Report. This report summarises its membership breakdown, activities delivered between April 2023 and March 2024, governance and financial arrangements, as well as activities undertaken between April and December 2024.

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Membership Numbers & Demographics

Membership as at March 1st 2024:

Please note during March, memberships are renewed for the start of the new rowing year in April 2024, so there is an element of variation between those not renewing, those late in paying their annual membership fees, and those paying as associates ('pay as you go'), the latter who tend to row during the warmer months. Based on experience from previous years, during June/July, membership figures can swell up by between 30-50%.

Classes & Activities delivered

Types of Row 'classes'

Racing Events/ Regattas

Aside from the local row activities, the Club raced at:

Social/ Fundraising Events

Page 1

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Report of the Trustees for the year ended 31 March 2024

Community Engagement Update

NGRC promotes its activities, primarily through its website, public and members only Facebook pages and informal contacts. Other than 'being seen' with its gig boats out on the water, whether that's at race regattas, social rows or special events such as Remembrance Sunday, the club engages with the community at local social and fundraising events (eg; Denton Community Challenge). Rather than having its own bar and café, NGRC is a regular user of local businesses, including catering establishments, local gym, and chandlery.

NGRC proactively engages with other local rowing clubs (Affinity Rowing Club, Lewes Gig Rowing Club), with these clubs sharing a floating pontoon at Newhaven Marina. NGRC jointly organised both the Seaford Bay and Head of the Ouse Regattas during 2023, pooling organisational, safety, coxing, fundraising skills and boat & berthing resources for participation by clubs along the South Coast and London. NGRC is also collaborating with these clubs to seek opportunities arising from local marina, quayside and beach developments.

NGRC is a member of the Cornish Pilot Gig Association (CPG), and one of our cox/coaches is a regional rep on British Rowing. These national organisations are key to promoting rowing (Gig rowing specifically with the CPGA). This has enabled NGRC to participate and promote itself (and Newhaven!) at racing regattas nationwide, and benefit from latest good practice for training technique, and health & safety guidance.

Update March-December 2024

Although this report officially covers the financial year April 2023 - March 2024, because nine months have passed since March, this section gives the opportunity to review activities and events that have overlapped into the financial year April 2024 - March 2025. A formal Annual Report covering the financial year 2024-2025 will be produced later in 2025.

Increasing Cox capacity

The active coxing complement increased by one during late 2024 bringing the coxing complement to six. There are also an additional 3 members undergoing cox training.

Racing Events/ Regattas The club attended:

Fundraising/Social Events

Denton Community Challenge, 8th June. The catering tent run by the Club at both the Seaford Bay and Head of the Ouse Regattas were significant sources of fundraising income. The Dragon Boat racing event raised funds for St Wilfred's Hospice.

In addition planned and impromptu social events, the club participated in commemorative and seasonal events in our gigs, including D-Day anniversary, Remembrance Sunday, and Summer Solstice morning and evening rows.

Page 2

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Report of the Trustees for the year ended 31 March 2024

Wooden Boat Purchase

Henry Smardon was purchased from Brixham Gig Rowing Club in June. The Club is very grateful to Lewes District Council whose grant funding paid for her. She has since been renamed Martlet, and is awaiting her new name to be painted on her during warmer weather. She took part as Henry Smardon in the Langstone, Head of the Ouse, and Five Islands Regattas during 2024. A decision had previously been made to replace Amelie our original wooden gig, as she was no longer considered suitable to race competitively. Amelie is currently in dry storage with Martlet during the winter months, and awaiting sale.

Governance structures of the organisation, and any ongoing organisational change

NGRC is a charity, which is governed by a Trustees Chair and their Trustees.

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The main aim of the club is getting people out rowing.

Delegated by the Club's Trustees, a Committee oversees the delivery of the Club's aims & objectives, and supporting activities of the club.

There are various objectives/ roles that the Committee, undertakes to support this aim, including (in alphabetical order): Boats & Equipment maintenance (Bosun)- ensuring that the club's boats (wooden gigs Amelie and Martlet and GRP 'plastic' gigs Aurora and John Carthew) and equipment are available according to the needs of the club, and stored and maintained to a safe standard.

Cox Liaison (Volunteer coach/cox) - providing a two-way channel between the Committee and Coxs & Coaches meeting, and jointly plan the availability of different types of row in order to meet demand.

Finance (Finance Officer) - ensuring that the club if financially viable where its income covers expenses for running expenses and identified developments. This includes; securing grants, fundraising activities and managing income from membership and row fees. Also ensuring that the club undertakes its obligation of submitting signed annual accounts. Governance (Chair) - in support of delivering the clubs aims and objectives, ensuring that policies, guidance, and processes are in place and reviewed according to latest best practice and legal requirements.

Health & Safety (H&S Officer) - ensuring that members are safe and secure whilst rowing, but also when getting in and out of boats, and helping with the maintenance of boats. A Risk log is maintained to identify and mitigate any identified risks and issues, along with an accident book to record any incident and follow up action.

Membership (Membership Officer) - overseeing membership enquiries, new membership applications, and administering current membership.

Publicity (Publicity Officer) - promoting the club and its activities to its members, the public, and key stakeholders through social media, including the NGRC website and at participation at events and activities. Racing (Race/Regatta Secretary) - oversight, organisation, participation in racing events.

Safeguarding & Welfare (Safeguarding & Welfare Officer) - ensuring that the health, well-being, and human rights of our members are upheld whilst participating in club activities. The club's code of conduct outlines good practice behaviours in support of its commitment to safeguarding with concerns being addressed through the club's complaints policy.

Social (Shared between Committee members) - organisation and coordination of events, other than rowing that support the emotional health of the club and fundraising activities.

Strategy (Chair) - through the delivery of a business plan, oversee the future development of the club and address future challenges and opportunities.

Prior to each Annual General Meeting, expressions of interest are requested from all members to undertake committee roles. Existing Committee members stand from their role at the AGM. If their roles are not contested, they are re-confirmed within their assigned roles. If however, there is more than one expression of interest, the successful candidate is the one with the majority of votes made by members at the meeting.

Although there has been no significant organisational change, vacancies for roles do arise during the year, and expressions of interest are sought from members, with appointments made by the Committee on an interim basis until confirmed at the subsequent AGM. Since the previous AGM (16th June 2023), the following appointments were made due to resignations/ historic vacancies*

Page 3

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Report of the Trustees for the year ended 31 March 2024

Since the AGM, there has been the appointment of 3 Trustees. This brings the Trustees' complement up to it planned strength of 5, including its chair.

Financial overview

A key objective of the club is to ensure that it is financially viable where its income covers expenses for running expenses and identified developments.

Being a registered charity, Annual Accounts are prepared, signed off by its Trustees and submitted to the Charity Commission following the Annual General Meeting. This Annual Report of the Trustees accompanies the Annual Accounts.

Income and expenditure is administered through a business account with Barclays, which is also linked to a club Paypal account that receives income from row bookings. Accounting software 'Quickbooks' is also used.

In recognition of its membership demographic, membership fees (£60yr) and booked rows (£4 a row) are kept to a minimum, with no planned fee increases between April 2024 and March 2025. Administered by the Trustees, a bursary is also advertised to members needing additional subsidy to row.

Other than membership and row income, income is secured through applying for grants and undertaking fundraising activities.

Financial issues/ risk

Any issues/ risk are mitigated by good financial management within its governance structure and related financial activities.

There were no experienced financial issues during 2023/24, other than a finance officer vacancy during 2023. A new finance officer is now in situ. Access to the bank account transactions by more than one Committee member has enabled the Committee to assure the Trustees that the club's finances are stable and not in deficit.

There will always be an element of risk however, with unknown variable income (eg; from rows cancelled by the unseasonal adverse weather) and variable cost (eg; inflationary cost of consumables, and repairs). Pro-active fundraising has to date, mitigated against this risk however.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE013357 (England and Wales)

Registered Charity number

1177297

Page 4

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Report of the Trustees for the year ended 31 March 2024

Registered office Newhaven Gig Rowing Club The Sidings Railway Approach, Railway Quay Newhaven East Sussex BN9 0DF

Trustees

D A Allen C A Dean C Powell

Independent Examiner

Plus Accounting Chartered Accountants Preston Park House South Road Brighton East Sussex BN1 6SB 31/01/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ C A Dean - Trustee

Page 5

Independent Examiner's Report to the Trustees of Newhaven Gig Rowing Club (Sussex)

Independent examiner's report to the trustees of Newhaven Gig Rowing Club (Sussex) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Chris Morey

Plus Accounting Chartered Accountants Preston Park House South Road Brighton East Sussex BN1 6SB

Date: .............................................

Page 6

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Statement of Financial Activities for the year ended 31 March 2024

Period
1.3.22
Year Ended to
31.3.24 31.3.23
Unrestricted Restricted
Total		 Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,260 10,000 13,260 23,602
Charitable activities
Charitable activities 14,010 - 14,010 14,278
Other trading activities 2 2,822 - 2,822 8,724
Investment income 3 57 - 57 67
Total 20,149 10,000 30,149 46,671
EXPENDITURE ON
Raising funds 4 11,176 - 11,176 5,959
Charitable activities
Charitable activities 11,374 1,196 12,570 30,346
Other 2,488 - 2,488 5,531
Total 25,038 1,196 **26,234 ** 41,836
NET INCOME/(EXPENDITURE) (4,889) 8,804 3,915 4,835
Transfers between funds 12 - - - -
Net movement in funds (4,889) 8,804 3,915 4,835
RECONCILIATION OF FUNDS
Total funds brought forward 42,422 24,933 67,355 62,520
TOTAL FUNDS CARRIED FORWARD 37,533 33,737 71,270 67,355

The notes form part of these financial statements

Page 7

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Balance Sheet 31 March 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
29,692
CURRENT ASSETS
Cash at bank
13,694
CREDITORS
Amounts falling due within one year
9
(3,352)
NET CURRENT ASSETS
10,342
TOTAL ASSETS LESS CURRENT
LIABILITIES
40,034
CREDITORS
Amounts falling due after more than one year
10
(2,036)
NET ASSETS
37,998
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
13,187
20,085
-
20,085
33,272
-
**33,272 **		 2024
Total
funds
£
42,879
33,779
(3,352)
30,427
73,306
(2,036)
71,270
37,533
33,737
71,270		 2023
Total
funds
£
46,139
33,011
(8,413)
24,598
70,737
(3,382)
67,355
42,422
24,933
67,355

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. C A Dean - Trustee

The notes form part of these financial statements

Page 8

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Notes to the Financial Statements for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 7, 10 or 15 years on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

Period
1.3.22
Year Ended to
31.3.24 31.3.23
£ £
Kit sales 955 2,874
Event fees - 5,527
Fundraising 1,867 323
2,822 8,724

continued...

Page 9

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Notes to the Financial Statements - continued for the year ended 31 March 2024

3. INVESTMENT INCOME

3. INVESTMENT INCOME
Period
1.3.22
Year Ended to
31.3.24 31.3.23
£ £
Deposit account interest 57 67
4. RAISING FUNDS
Raising donations and legacies
Period
1.3.22
Year Ended to
31.3.24 31.3.23
£ £
Support costs 2,233 2,414

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
1.3.22
Year Ended to
31.3.24 31.3.23
£ £
Depreciation - owned assets 4,765 4,667

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,021
20,581
Charitable activities
Charitable activities
14,278
-
Other trading activities
8,724
-
Investment income
67
-
Total
26,090
20,581		 Total
funds
£
23,602
14,278
8,724
67
46,671

continued...

Page 10

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Notes to the Financial Statements - continued for the year ended 31 March 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted Unrestricted Restricted
Total
fund fund funds
EXPENDITURE ON
£ £ £
Raising funds 5,776 183 5,959
Charitable activities
Charitable activities 18,906 11,440 30,346
Other - 5,531 5,531
Total 24,682 17,154 41,836
NET INCOME 1,408 3,427 4,835
Transfers between funds (2,116) 2,116 -
Net movement in funds (708) 5,543 4,835
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported 43,130 33,408 76,538
Prior year adjustment - (14,018) (14,018)
As restated 43,130 19,390 62,520
TOTAL FUNDS CARRIED FORWARD 42,422 24,933 67,355
8. TANGIBLE FIXED ASSETS
Boats,
docks &
equipment
£
COST
At 1 April 2023 58,075
Additions 1,505
At 31 March 2024 59,580
DEPRECIATION
At 1 April 2023 11,936
Charge for year 4,765
At 31 March 2024 **16,701 **
NET BOOK VALUE
At 31 March 2024 42,879
At 31 March 2023 46,139

continued...

Page 11

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Notes to the Financial Statements - continued for the year ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 11) 2,012 1,414
Other creditors - 5,531
Accrued expenses 1,340 1,468
**3,352 ** 8,413
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans (see note 11) 2,036 3,382
11. LOANS
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year on demand:
Bank overdrafts 598 -
Bank loans 1,414 1,414
2,012 1,414
Amounts falling between one and two years:
Bank loans - 1-2 years 2,036 2,829
Amounts falling due between two and five years:
Bank loans - 2-5 years - 553
12. MOVEMENT IN FUNDS
Net Transfers
movement
between		 At
At 1.4.23 in funds funds 31.3.24
£ £ £ £
Unrestricted funds
General fund 42,422 (4,889) - 37,533
Restricted funds
Restricted fund 24,933 8,804 - 33,737
TOTAL FUNDS 67,355 3,915 - 71,270

continued...

Page 12

NEWHAVEN GIG ROWING CLUB (SUSSEX)

Notes to the Financial Statements - continued for the year ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 20,149 (25,038) (4,889)
Restricted funds
Restricted fund 10,000 (1,196) 8,804
TOTAL FUNDS 30,149 (26,234) 3,915

Comparatives for movement in funds

Prior Net Transfers
year movement between At
At 1.3.22 adjustment in funds funds 31.3.23
£ £ £ £ £
Unrestricted funds
General fund 43,130 - 1,408 (2,116) 42,422
Restricted funds
Restricted fund 33,408 (14,018) 3,427 2,116 24,933
TOTAL FUNDS 76,538 (14,018) 4,835 - 67,355

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 26,090 (24,682) 1,408
Restricted funds
Restricted fund 20,581 (17,154) 3,427
TOTAL FUNDS 46,671 (41,836) 4,835

Restricted grants received in the year are as follows:

  1. Sussex Community Foundation grant of £5,000. This grant was received with the purpose of investing into another training boat and junior specific kit. The remaining balance is £5,000 (2023: £5,000).

  2. Lewes District Council Community grant of £10,000. This grant is to support the expansion of the rowing club by developing the existing Railway Quay. The remaining balance is £13,203 (2023: £3,203).

continued...

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NEWHAVEN GIG ROWING CLUB (SUSSEX)

Notes to the Financial Statements - continued for the year ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

  1. Newhaven Town Council grant of £3,579.45. The grant is to be used towards the purchase of a 4 oar Cornish Gig. During the year, £1,505 was expensed, the remaining balance is £619 (2023: £2,124).

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

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NEWHAVEN GIG ROWING CLUB (SUSSEX)

Detailed Statement of Financial Activities for the year ended 31 March 2024

Period
1.3.22
Year Ended to
31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 455 1,723
Grants 11,505 20,579
Use of Clubhouse 1,300 1,300
13,260 23,602
Other trading activities
Kit sales 955 2,874
Event fees - 5,527
Fundraising 1,867 323
2,822 8,724
Investment income
Deposit account interest 57 67
Charitable activities
Membership fees 4,495 5,532
Row fees 9,515 8,746
14,010 14,278
Total incoming resources 30,149 46,671
EXPENDITURE
Other trading activities
Event fees 3,735 5,767
Fundraising 374 -
Bank loan interest 177 192
4,286 5,959
Charitable activities
Rent & marina fees 6,257 6,719
Insurance 1,686 601
Boat maintenance 3,240 9,086
Sundries 11 24
Repairs and renewals - 1,011
Rowing equipment 51 1,455
Kit 803 2,742
Travel expenses 126 1,211
Carried forward 12,174 22,849

This page does not form part of the statutory financial statements

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NEWHAVEN GIG ROWING CLUB (SUSSEX)

Detailed Statement of Financial Activities for the year ended 31 March 2024

Period
1.3.22
Year Ended to
31.3.24 31.3.23
£ £
Charitable activities
Brought forward 12,174 22,849
Depreciation 4,765 4,667
16,939 27,516
Other
Adjustments / Grants refunded 2,488 5,531
Support costs
Management
Light and heat - 76
Training and coaching courses 420 -
Accountancy 1,400 1,800
Publicity & advertising - 53
Web services 370 149
Professional fees 43 336
2,233 2,414
Finance
Telephone 150 170
Bank charges 138 246
288 416
Total resources expended **26,234 ** 41,836
Net income 3,915 4,835

This page does not form part of the statutory financial statements

Page 16