REGISTERED CHARITY NUMBER: 1177736
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Romford Drum and Trumpet Corps (RDTC)
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
Romford Drum and Trumpet Corps (RDTC)
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Romford Drum and Trumpet Corps (RDTC)
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is to advance the education of the public in the appreciation of marching band music and in particular to advance the education and training of young people in the playing of marching band instruments by establishing and maintaining a marching youth band.
Significant activities
The charity's main activities are:
1 - RDTC - Youth Marching Band.
The band is open to any boy or girl who wishes to join. Uniform, instruments and tuition are provided free of charge with no subscriptions being payable. The corps performs at events all over the world in order to promote opportunities and development of the members and leaders.
2 - Taunton Hall.
Taunton hall was obtained by the charity in 2011 and funding was raised for the refurbishment. The hall is maintained as the headquarters and delivery base of the charity. Spare capacity at the hall is rented out to other local charities and community members of which the rental monies received helps to cover the running costs.
Public benefit
The trustees have considered the requirements to ensure the charity provides a benefit to the public. The Board have concluded that the work they provide to the youth of the local area demonstrates the benefit to the public.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity worked with over 50 young people within the marching band, providing musical tuition and instruction as well as performance opportunities.
Youngsters experienced various opportunities throughout the year including travelling within the UK and abroad for performance opportunities.
Fundraising activities
Various fundraising activities were conducted in the year to raise additional funds for use in charitable activities.
Fundraising activities were managed and operated by the main committee during the year and at no time was a professional fundraiser engaged.
FINANCIAL REVIEW
Principal funding sources
The charity receives the majority of its funds from donations towards the band performing as well as from venue hire from lettings of Taunton Hall.
Venue hire continued at a stable level in the year and was used to maintain the operation of the building.
The trustees were pleased that the band activities managed to realise a small surplus in the year, however continued to make a net deficit on the operation of the Taunton Hall after amortisation costs.
Page 1
Romford Drum and Trumpet Corps (RDTC)
Report of the Trustees for the Year Ended 31 December 2022
FINANCIAL REVIEW
Reserves policy
The Romford Drum & Trumpet Corps (hereafter called RDTC) has 3 sources of income which are (1) income fees from performances (2) local fundraising activities (3) ad hoc donations. None of these source are guaranteed, it is crucial therefore to ensure there are sufficient reserve funds to allow RDTC to continue to operate for a period of not less than 12 months whilst fundraising takes place to operate normally or to wind up the organisation allowing time for the organisation to meet its obligations to staff and service users if existing sources of income were to cease.
RDTC is currently dependent on local fundraising and ad hoc donations to sustain its activities as earned income alone would not allow RDTC to continue operating. This means that if there was no local fundraising or ad hoc donations it is likely that RDTC would have to cease operating.
To avoid closure if funding difficulties were to happen, the trustees of RDTC have agreed to keep a level of financial reserves to operate for at least 12 months.
Following the decision to surrender the lease with London Borough of Havering (LBH), hire agreements with Redbridge Brass Band and the Dance School ceased as of December 2022. In the current transition period the hire agreement with Koru School continues into 2023.
Current funding has been secured until the end of 2023 but if difficulties were to arise, or should all income cease and/or the surrender of the lease with LBH differ to current financial and time expectations it has been estimated the £63,000 would be needed to continue to function for the following 12 months.
Going forward policy reviewed and approved by the Trustees on an annual basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
New trustees are sourced from trusted persons connected to the activities of the charity. The trustees are voted in at a meeting of the members.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1177736
Principal address
7 Spey Way Romford Essex RM1 4YP
Trustees
P Binder (resigned 22.10.2022) V Horne (resigned 24.2.2022) J Jones Ms N Barrand Mrs K Milsom M Cook J Marshall Trustee (appointed 24.2.2022)
Page 2
Romford Drum and Trumpet Corps (RDTC)
Report of the Trustees for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
Approved by order of the board of trustees on 10 October 2023 and signed on its behalf by:
Ms N Barrand - Trustee
Page 3
Independent Examiner's Report to the Trustees of Romford Drum and Trumpet Corps (RDTC)
Independent examiner's report to the trustees of Romford Drum and Trumpet Corps (RDTC)
I report to the charity trustees on my examination of the accounts of Romford Drum and Trumpet Corps (RDTC) (the Trust) for the year ended 31 December 2022.
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 Act and in carrying out my examination I have followed all 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; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
H Meagher
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
10 October 2023
Page 4
Romford Drum and Trumpet Corps (RDTC)
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 19,250 Charitable activities 5 Taunton Hall 41,560 Marching Band 264 Other trading activities 3 8,080 Investment income 4 196 Total 69,350 EXPENDITURE ON Raising funds 6 7,040 Charitable activities 7 Taunton Hall 50,952 Marching Band 24,391 Other - Total 82,383 NET INCOME/(EXPENDITURE) (13,033) RECONCILIATION OF FUNDS Total funds brought forward 333,516 TOTAL FUNDS CARRIED FORWARD 320,483 |
Restricted funds £ - - - - - - - - - - - - - - |
31.12.22 31.12.21 Total Total funds funds £ £ 19,250 27,282 41,560 29,439 264 689 8,080 1,449 196 5 69,350 58,864 7,040 907 50,952 32,024 24,391 18,765 - 100 82,383 51,796 (13,033) 7,068 333,516 326,448 320,483 333,516 |
31.12.22 31.12.21 Total Total funds funds £ £ 19,250 27,282 41,560 29,439 264 689 8,080 1,449 196 5 69,350 58,864 7,040 907 50,952 32,024 24,391 18,765 - 100 82,383 51,796 (13,033) 7,068 333,516 326,448 320,483 333,516 |
|---|---|---|---|
| 58,864 | |||
| 907 32,024 18,765 100 |
|||
| 51,796 | |||
| 7,068 326,448 |
|||
| 333,516 |
The notes form part of these financial statements
Page 5
Romford Drum and Trumpet Corps (RDTC)
Balance Sheet 31 December 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 210,584 CURRENT ASSETS Stocks 12 250 Debtors 13 5,616 Cash at bank and in hand 105,564 111,430 CREDITORS Amounts falling due within one year 14 (1,531) NET CURRENT ASSETS 109,899 TOTAL ASSETS LESS CURRENT LIABILITIES 320,483 NET ASSETS 320,483 FUNDS 16 Unrestricted funds: General fund Designated - Hall maintenance & groundworks fund Designated - Instrument and uniform maintenance fund Designated - Building depreciation fund Designated - Coronavirus fund TOTAL FUNDS |
Restricted funds £ - - - - - - - - - |
31.12.22 Total funds £ 210,584 250 5,616 105,564 111,430 (1,531) 109,899 320,483 320,483 231,526 10,000 10,000 58,957 10,000 320,483 320,483 |
31.12.21 Total funds £ 217,682 250 4,487 112,628 117,365 (1,531) 115,834 333,516 333,516 238,008 10,000 10,000 65,508 10,000 333,516 333,516 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 October 2023 and were signed on its behalf by:
N Barrand - Trustee
M Cook - Trustee
The notes form part of these financial statements
Page 6
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property Fixtures and fittings - 10% on reducing balance
Instruments and other equipment have been valued at net realisable value and will be revalued each year. This is a departure from recognised accounting principles, but we consider it to show a true and fair view of the value.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 7
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | ||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Donations | 15,249 | 1,230 | ||
| Grants | 4,001 | 25,572 | ||
| Subscriptions | - | 480 | ||
| 19,250 | 27,282 | |||
| Grants received, included in the | above, are as follows: | |||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| London Borough of Havering | 4,000 | 25,572 | ||
| Other grants | 1 | - | ||
| 4,001 | 25,572 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Fundraising activities | 6,012 | 1,449 | ||
| Sale of assets | 2,068 | - | ||
| 8,080 | 1,449 | |||
| 4. | INVESTMENT INCOME | |||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Deposit account interest | 196 | 5 | ||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 31.12.22 | 31.12.21 | |||
| Activity | £ | £ | ||
| Venue hire | Taunton Hall | 41,560 | 29,439 | |
| Clothing Income | Marching Band | 264 | 689 | |
| 41,824 | 30,128 |
continued...
Page 8
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. RAISING FUNDS
Raising donations and legacies
| Fundraising expenses Other trading activities Opening stock Closing stock Aggregate amounts 7. CHARITABLE ACTIVITIES COSTS Taunton Hall Marching Band 8. SUPPORT COSTS Taunton Hall Marching Band |
31.12.22 31.12.21 £ £ 7,040 907 31.12.22 31.12.21 £ £ 250 250 (250) (250) 7,040 907 Support Direct costs (see Costs note 8) Totals £ £ £ 50,052 900 50,952 23,881 510 24,391 73,933 1,410 75,343 Governance costs £ 900 510 1,410 |
|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
continued...
Page 9
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 27,282 Charitable activities Taunton Hall 29,439 Marching Band 689 Other trading activities 1,449 Investment income 5 Total 58,864 EXPENDITURE ON Raising funds 907 Charitable activities Taunton Hall 32,024 Marching Band 18,765 Other 100 Total 51,796 NET INCOME 7,068 RECONCILIATION OF FUNDS Total funds brought forward 326,448 TOTAL FUNDS CARRIED FORWARD 333,516 11. TANGIBLE FIXED ASSETS Improvements to Plant and property machinery £ £ COST At 1 January 2022 and 31 December 2022 135,732 147,451 DEPRECIATION At 1 January 2022 70,224 220 Charge for year 6,551 - At 31 December 2022 76,775 220 NET BOOK VALUE At 31 December 2022 58,957 147,231 At 31 December 2021 65,508 147,231 |
Restricted funds £ - - - - - - - - - - - - - - Fixtures and fittings £ 15,823 10,879 548 11,427 4,396 4,944 |
Total funds £ 27,282 29,439 689 1,449 5 58,864 907 32,024 18,765 100 51,796 7,068 326,448 333,516 Totals £ 299,006 81,323 7,099 88,422 210,584 217,683 |
Total funds £ 27,282 29,439 689 1,449 5 |
|
|---|---|---|---|---|
| 58,864 | ||||
| 907 32,024 18,765 100 |
||||
| 51,796 | ||||
| 7,068 326,448 |
||||
| 333,516 | ||||
continued...
Page 10
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 12. | STOCKS | |||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Stocks | 250 | 250 | ||
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Prepayments and accrued income | 5,616 | 4,487 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Other creditors | 1,531 | 1,531 | ||
| 15. | LEASING AGREEMENTS | |||
| Minimum lease payments under non-cancellable operating leases fall | due as follows: | |||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| In more than five years | 16,328 | 13,124 | ||
| The above operating lease is the lease held by the charity over Taunton Hall, which is | held until March | 2030. | ||
| 16. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.22 | in funds | 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 238,008 | (6,482) | 231,526 | |
| Designated - Hall maintenance & | ||||
| groundworks fund | 10,000 | - | 10,000 | |
| Designated - Instrument and uniform | ||||
| maintenance fund | 10,000 | - | 10,000 | |
| Designated - Building depreciation fund | 65,508 | (6,551) | 58,957 | |
| Designated - Coronavirus fund | 10,000 | - | 10,000 | |
| 333,516 | (13,033) | 320,483 | ||
| TOTAL FUNDS | 333,516 | (13,033) | 320,483 |
continued...
Page 11
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
16. 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 | 69,350 | (75,832) | (6,482) |
| Designated - Building depreciation fund | - | (6,551) | (6,551) |
| 69,350 | (82,383) | (13,033) | |
| TOTAL FUNDS | 69,350 | (82,383) | (13,033) |
Comparatives for movement in funds
| Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund 196,343 14,346 General - Taunton Hall 27,319 - Designated - Hall maintenance & groundworks fund 10,000 - Designated - Instrument and uniform maintenance fund 10,000 - Designated - Building depreciation fund 72,786 (7,278) Designated - Coronavirus fund 10,000 - 326,448 7,068 TOTAL FUNDS 326,448 7,068 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 58,863 Designated - Building depreciation fund 1 58,864 TOTAL FUNDS 58,864 |
Transfers between At funds 31.12.21 £ £ 27,319 238,008 (27,319) - - 10,000 - 10,000 - 65,508 - 10,000 - 333,516 - 333,516 Resources Movement expended in funds £ £ (44,517) 14,346 (7,279) (7,278) (51,796) 7,068 (51,796) 7,068 |
|---|---|
continued...
Page 12
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund General - Taunton Hall Designated - Hall maintenance & groundworks fund Designated - Instrument and uniform maintenance fund Designated - Building depreciation fund Designated - Coronavirus fund TOTAL FUNDS |
At 1.1.21 £ 196,343 27,319 10,000 10,000 72,786 10,000 326,448 326,448 |
Net movement in funds £ 7,864 - - - (13,829) - (5,965) (5,965) |
Transfers between funds £ 27,319 (27,319) - - - - - - |
At 31.12.22 £ 231,526 - 10,000 10,000 58,957 10,000 |
|---|---|---|---|---|
| 320,483 | ||||
| 320,483 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 128,213 | (120,349) | 7,864 |
| Designated - Building depreciation fund | 1 | (13,830) | (13,829) |
| 128,214 | (134,179) | (5,965) | |
| TOTAL FUNDS | 128,214 | (134,179) | (5,965) |
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
18. CORONAVIRUS - IMPACT UPON THE CHARITY
During the months following the balance sheet date and before the signing of these reports the charity has suffered a drop in rental income due to the restrictions associated with Coronavirus.
The charity have ringfenced £10,000 as a designated fund to cover the expenses of operation whilst the charity was closed.
Whilst the loss of income is unexpected and restrictions of operation have been imposed the trustees consider the financial risk to the charity to be manageable in light of the reserves held.
.
Page 13
Romford Drum and Trumpet Corps (RDTC)
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| for the Year Ended 31 December 2022 | |||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 15,249 | 1,230 | |
| Grants | 4,001 | 25,572 | |
| Subscriptions | - | 480 | |
| 19,250 | 27,282 | ||
| Other trading activities | |||
| Fundraising activities | 6,012 | 1,449 | |
| Sale of assets | 2,068 | - | |
| 8,080 | 1,449 | ||
| Investment income | |||
| Deposit account interest | 196 | 5 | |
| Charitable activities | |||
| Clothing Income | 264 | 689 | |
| Venue hire | 41,560 | 29,439 | |
| 41,824 | 30,128 | ||
| Total incoming resources | 69,350 | 58,864 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Fundraising expenses | 7,040 | 907 | |
| Other trading activities | |||
| Opening stock | 250 | 250 | |
| Closing stock | (250) | (250) | |
| - | - | ||
| Charitable activities | |||
| Rent | 21,761 | 13,124 | |
| Venue hire | 200 | - | |
| Rates and water | 1,022 | 787 | |
| Insurance | 2,093 | 1,011 | |
| Light and heat | 6,837 | 9,056 | |
| Telephone & Internet | 1,098 | 552 | |
| Sundries | 40 | 40 | |
| Refreshments and hospitality | 2,316 | 116 | |
| Instrument repairs | 1,358 | 539 | |
| Music and consumables | 841 | 453 | |
| Printing, Postage, Stationery | 908 | 339 | |
| Carried forward | 38,474 | 26,017 |
This page does not form part of the statutory financial statements
Page 14
Romford Drum and Trumpet Corps (RDTC)
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 38,474 | 26,017 |
| Repairs and renewals | 12,656 | 7,328 |
| Uniforms and clothing | 3,804 | 950 |
| Coach and Travel | 5,590 | 1,825 |
| Tutor fees | - | 3,857 |
| Teacher Expenses | 6,076 | 134 |
| Training costs | - | 2,094 |
| Licences | 235 | 175 |
| Improvements to property | 6,551 | 7,279 |
| Fixtures and fittings | 547 | 608 |
| 73,933 | 50,267 | |
| Other | ||
| Donations | - | 100 |
| Support costs | ||
| Finance | ||
| Bank charges | - | 12 |
| Governance costs | ||
| Legal expenses | 900 | - |
| Auditors' remuneration for non audit work | - | 510 |
| Accountancy and legal fees | 510 | - |
| 1,410 | 510 | |
| Total resources expended | 82,383 | 51,796 |
| Net (expenditure)/income | (13,033) | 7,068 |
This page does not form part of the statutory financial statements
Page 15