## **Trustees’ Annual Report for the period** **From 1 August 2022 To 31 July 2023** **Charity name: HENLEY MUSIC SCHOOL Charity registration number: 1178102** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the
purposes of the charity
as set out in its
governing document|Para 1.17|To advance the education of the public in the
subject of music.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.|Para 1.17 and
1.19|For the public benefit to promote the musical
education of children, young people and by
extension adults regardless of ability, background
or means in such ways as the charity trustees
think fit, including by:
1.
providing bursaries to those who are
otherwise unable to avail themselves of the
musical opportunities that are available;
2.
giving individual music lessons in any
instrument;
3.
running Music School Sunday workshops;
4.
offering free music clubs to state schools;
5.
designing and running music introduction
sessions and fun days within the schools;
6.
providing curriculum support for local state
schools;
7.
organising and running the Henley Young
Musician Competition;
8.
putting on concerts and performances
throughout the year; and
9.
running the Henley Youthful Orchestra for
adult music students who are interested in
performing.| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|Henley Music School meets the definition of a
public benefit entity under FRS102. The accounts
and the trustees report have both been prepared in
accordance guidance issued by the Charity
Commission| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Henley Music School Individual Bursary Policy
In accordance with the vision and aims of the
charity to provide up to 100% bursaries on fees for
every activity it offers. HMS offers subsidiaries and
or bursaries to identified children.
Henley Music School (HMS) pledges to provide up
to 100% bursaries on fees for every activity it
offers providing certain criteria are met; below is
the HMS policy on awarding a bursary to an
individual.
Director of HMS to have a discussion with head
teacher at the school attended by the child
regarding funding. This discussion would include
seeking clarification on the following types of
criteria:
Child on Pupil Premium
Conversation with parent
Conversation with school
Agreement that bursary is reviewed annually
School aged child
Initial conversation with parent/carer on amount
required
Form to fill in
Proof of address
Copy of Benefit letter or pay slip
Photo ID
Further conversation with head teacher
Agreement that the bursary is reviewed annually
Confirmation of invoice values for Tutor and HMS
Adult learner
Initial conversation with individual on amount
required.
Form to fill in
Proof of address
Copy of Benefit letter or pay slip
Photo ID
Agreement that the bursary is reviewed annually
Confirmation of invoice values for Tutor &
HMS
Autistic learner
Same policy as school aged child.
TERMS OF SUBSIDY/BURSARY
Instruments are kept in good condition
Child has a minimum of 75% attendance rate to
supported activity
Bursary/subsidy will be initially awarded for one full
school year to be reviewed annually.
HMS reserves the right to alter or remove
subsidiary/bursaries having provided 4
weeks’notice| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.|Para 1.20|1.
Provision of bursaries to those who are
otherwise unable to avail themselves of the
musical opportunities that are available: 25
bursaries awarded ranging between 10% –
100%
2.
Individual music lessons given in any
instrument: 141 pupils received lessons in 13
different instruments.
3.
Provision of Music School Sunday workshops
once a month
4.
Free music clubs offered to state schools
5.
Designing and running music introduction
sessions and fun days within the schools: Most
instruments represented across all schools.
6.
Provision of curriculum support for local state
schools: 1 school 100% bursary and 2 schools
at reduced rates.
7.
Organisation and running of the Henley Young
Musician Competition.
8.
Concerts and performances throughout the
year:
Living Advent performances by all Henley
Music School groups open to the public, free of
charge
9.
Running the Henley Youthful Orchestra for
adult music students who are interested in
performing, including performances at the
Living Advent.| ## **Financial Review** |Review of the charity’s
financial position at the
end of the period|Para 1.21|In this year the charity received funding and
income from charitable activities totalling of
£49,315 and after costs of providing tuition this
resulted in a deficit of £8,024.
Reserves from previous years have been used in
order to provide ongoing music tuition at a time
when there was a funding shortfall.| |---|---|---| |Statement explaining
the policy for holding
reserves stating why
they are held|Para 1.22|The income and property of the CIO must be
applied solely towards the promotion of the
objects.
Reserves are held in order to be able to provide
ongoing training and support to the clients should
there be a short-term funding shortfall and would
sustain operations for up to three months whilst
other sources of funding were secured.| |Amount of reserves held|Para 1.22|
Reserves are held at yearend totalling £3,262.| |Reasons for holding
zero reserves|Para 1.22|| |Details of fund materially
in deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document|Para 1.25|CIO – FOUNDATION| |How is the charity
constituted?|Para 1.25|CHARITABLE INCORPORATED ORGANISATION
(CIO)| |Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|Appointed for a term of three years by a resolution
passed at a properly convened meeting of the
charity trustees.| ## **Reference and Administrative details** |Charity name|HENLEY MUSIC SCHOOL| |---|---| |Other name the charity uses|| |
Registered charity number|1178102| |Charity’s principal address|Blooms Cottage, Binfield Heath, Oxfordshire RG9 4ED| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**
**Nam**
**e of**
**pers**
**on**
**(or**
**bod**
**y)**
**entit**
**led**
**to**
**app**
**oint**
**trust**
**ee**
**(if**
**any)**| |---|---|---|---| ||GLEN LAMBERT|Chair|| ||ISOBEL HARRIS|Treasurer|| ||GLORIA WALKER||TO 06/07/2023| ||IAN HOLLIDAY||| ||WILL HART||| ||||| ||||| ||||| ||||| ||||| ## **Name of chief executive or names of senior staff members (Optional information)** Laura Nicola Reineke - CEO ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **Signature(s)** Isobel Harris **Full name(s)** Isobel Haris **Position (eg Secretary,** Treasurer **Chair, etc) Date** 31/05/2024 Charity number. 1178102 Henley Musie School CIO Report of the Trustees and Unaudited Financial Statements For the year ended 31 July 2023 Accouqtiqg Henley Music School CIO Contents Page Forthe year ended 31 July 2023 Indepwvjgnt Examinets R6F#Xt to the Tn Statement of FSnan¢lal ￿1¥) Statement of Financial Pc*Ati( Notes to the Fmartoal Stalenw)ts 4t07 Henley Music Sthool CIO Report of the Trustees For the year ended 31 Juty 2023 I report to the trustees on my examlnalion of ts accaxmts for the year ended 31 2(723. Re8ponalbllltios and basls of r•port As the charity tNstees, are reswjnsblo for Ihe wepwatkn ol the aCC￿nts In ￿)rdaTh￿ vrith the req￿rements of thg Charitles Act 2011 (The 2011 Ad). I In r8spect of my examnall￿ rA IlKry dlaritys a(x(xMts cwrf8d (Art urvder sextkm 145 of the 2011 wing (wt my examknatlon I have folo**d all the Directions &M¥en ty the ch￿ CommissK)n under section 145151{b} of the Act. h￿p￿Thd•￿t •X4wnln•r¥ ¥latwn•nt I have completed my examinalkn. l ¢onfim) that r*) malters have to ryattth kn ¢orthth *ith the examnatic giving me cause to believe that in any material respect l. a(ro￿1rvj records ￿re not kept in respect clthe (￿rity as ￿]UIred by aexlmx 1Y) of the 2011 Act: or 2. the ￿)Unts do not accord vAth thc6e reo)rds: or 3. the accounts do not comply wtth the applicaL4e rewirements o)ncerniry th8 fomi a￿1 ¢>Jrtent of8(xounts set (Art in the Charities (Accounts and Rewrts) Re9￿atiOnS 2008 other thèn any requirement that acc4)unts gr¥e a Yrue and fair vwl vA)kh is Th)t a matter considered as part of an exarrinalmjn. I have DJnc8ms WKI hwe across no olher mattws in connth the 8yAmation to *thich attenuon $￿Uld b8 a￿1 kn thls reix)rt In ordw to enatle a ofth8 *xy)unts to be reac**d. ACS Acc￿ft ng (8erkstire} Ltd Chartered ManagwrtenlAco)u)larts Suite 3 Markel Fkyjse 19-21 Market Pia Wokingham RG40 1AP 10 February 2023 1018 Henley Music School CIO ststement of Financial Activibes For the year ended 31 July 2023 Unrestrlcted 2022 Donations and legaGies 49.315 36.342 342 Exp•ndlturn an: Musk Education Totsl (57.339) (57.339) (66,886) (66,886) 18,024) (30,544) Roconclllallon of funds Total fvnd$ browht fornyard Total fund• ￿TrIed fonvard 11.286 3,262 41,830 11,286 2of8 Henley Music School CIO Statsment of Financial Position As at 31 July 2023 Current assets Debtors Ca8h at bank and In hand 2,753 10.f)58 13,411 (2.125) 5.741 5.741 {2.479) Cn)dltor•: •mounts falllng due wlthln on• N•t eurr•nt aM•ts 11.286 11.286 Total as•ets1O￿ Ilabllll•8 11,286 The funds of the charlty Unrestricted income furKIs 11,286 T4>tal funds Isobel Har Trustee 10 February 2024 3of8 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2023 l. fv£courrtlng Pollcl•8 Ba¥ls of accountlng The finan¢ial statements have been prepared wder the historical ￿>st l￿venth)n. ex￿0 ftw inveslm8nts vthKh are Induded at maTk8t value and retsluation of (*rtain r￿ed assets arKI in ￿Kdan￿ wlth the Chartknes SORP (FRS 1021 'Accounting and ReportsrKJ by Char￿es. Staiement of RecomerKled Practre appli¢ablg to ch8ritss prepariThJ their accounts In aC￿r￿ar￿￿ with the Financaa Rewting Standard appI￿abEe in the UK and Republic of Ireiand {FRS 102} {dr6ctive 1 January 2019)., Fin￿(￿al ReportirKJ Standard 102 the Fiiar)wl RewliNJ Standard appllcable in the UK and RepuNlc of Ireland (FRS 102). and the CharMesAd 2011. Hen* Musk 8th(￿1 CIO mgets definiticffl of a benefft enty WKl¥ FRS 102. Assets and lithlties ate inlllally re(￿niSed at hlgtorlcal cost or transackn Va￿ unk5S ottr￿1* stated Sn the rel¢￿t ac4)Junkng ￿1￿Y not6($). statom?nt ot cash flow4 The Trustees have t*en advantag8 of the exemptbjn in SORP FRS 102 fr(xn a cash kni stat￿t in tt finan(xal statements on the grounds that the L*arlty is small. Incomlng r•sources JI Incoming resourc8s are in¢1￿￿¢d in the statement Offlnartl￿ *tr¥itses *then the (￿rity ts enillled to the Income and the amoiurt can be quantiffi&fj wilh WEaS(￿at￿e xcuracy. The frAkMirwJ wrflc are wlied to parti￿18r categorieg of In¢fft: Resourc•8 •xpond•d Llabilitses are recognisod as re8our(*S eXP￿KIed thwe is a b8gal ty a)n8trth objigakn c(*nmlt¥ig the Ctharlty the expenditure: I Income from donatlons and kgad•• 2023 Unrn8trICt￿ funds Donations recelved 49.315 36.342 49.315 3. Net In¢0m￿{exP0ndIl￿rQ) for tho >•ar Thls Is Stat￿ after chargingllcredttry 2022 Actounlancy fees Staff p8nsion contribu￿n5 450 825 713 4of8 Henley Music School CIO Notes to the Financial Ststements Continued Forthe year ended 31 July 2023 Staff costs and omoluments Tolal staff cth for lh8 ￿ded 31 2023 *we: Salari8S 8rKI w Penslon Costs 41.894 46,353 713 720 2022 5. ComparaOb• tor P4lal•ment of Flnan¢l•l ACUVM The D)mparabve year values on the Statenxnt of Ac*¥ths ¥e for ￿lestr￿ted fund5. The d8preCIa￿On r• for the J•ar L8 £(75} in 104)ect rrf assets leawl w#Jw finw knes or hlre pwdwe C￿￿racts. 7. D•btor• 2022 Amounts du• wlthln on¢ s•1r. Other debtor5 2,753 2,753 & Credhors: amourt* falllng du• wlthln on• 2023 2022 Trade (xeditors 1.023 593 Accruals and defwred ￿￿orne 2,125 5d8 Henley Music School CIO Notes to the Finanaal Statements Continued For the year ended 31 July 2023 9. Mov•ment In fvnds Unr•strfGt•d Funds B￿anG• at IDcomlng Ouwng Balanc8 at 0110Y2022 r•sourGos resourc•s 31107r2023 Gener81 General 11286 49.315 (57,339) 3,262 49,315 I￿,339) Umstrfcted Funds . Pr￿louS Balanc• at 01108r2021 Incwnlng (Xrtgolng Balanc• at r•Boure•s rrfoure•s 3110712022 General 41.830 36,342 (66,886) 11286 (66M86) Mennald The Incom8 and Fyoperty of the CIO must te ap￿led sotdy tcwmds the pronbjllc￿ of lh8 being in slvjrt thg on￿lI0n of mu￿¢al education ¢hiklFEn. people and by extens￿ aduts regardless ofability. Th8se lunds were r￿ed as a result of a cm cllfurKI risirwj aL*iwty ofa cross ch•w￿l %￿rn. General income and propety of Ihe CIO rnust be appled soldy tward5 the prormtlon ofthe obkcls belng in short th8 prorntion of musical edurAticffi fLY chIld￿n. yDurvJ peokqe and by exlensicm adults re9￿￿￿$ of abllrty 10. knalysl8 ol n•t ass•t• botw••n fund¥ Net curr•nl N•tAasèts {Ilobllltt61> Unrostrfctad funds General Gen8rn1 3262 3.262 3362 6of8 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2023 Pr•¥lous ￿ar OknbiliUe•l Unrestrlct•d lunds Genernl 11,286 11286 7of8 Henley Music School CIO Detailed Statement of Financial Actsvitses For the year ended 31 July 2023 2022 INCOME AND ENDOWMENT Donatlons and l•gacl l)onatior* & grants 49,315 36,342 Total Incomknw r•8OU EXPENDrruRE Charitsbl• acthth Direct ts)sts Tulor costs .315 (435) {8.144) (4,304) (16,353) SUPPORT COSTS (&579) Staff costs- %Ydges & salarles Staff c¢sts- pension o)ntribulior6 (33,7￿) (825) 0,000) (713) (¥5751 Accountancy fees Legal and professicfftal fees Premlses Motor and travel expenses (88) {8641 (586) (780) 1300) {376) (450) (3,695) 1949) Inlerest payat4e Other finance cost8 In$uran Bursary costs Sundry marketing Bookkeeplng eosts Tdephone & Intemel (228) (75) {33) (821} (6.709) (247) 1378) (600) (14) (991) (9.627) (1.068} {3511 (471) (141851 (14518) Total r•sour¢a8 exp•nd•d (57,339) Net EXP•nd￿r0 (8,024} 8of8 Charity number. 1178102 Henley Musie School CIO Report of the Trustees and Unaudited Financial Statements For the year ended 31 July 2023 Accouqtiqg Henley Music School CIO Contents Page Forthe year ended 31 July 2023 Indepwvjgnt Examinets R6F#Xt to the Tn Statement of FSnan¢lal ￿1¥) Statement of Financial Pc*Ati( Notes to the Fmartoal Stalenw)ts 4t07 Henley Music Sthool CIO Report of the Trustees For the year ended 31 Juty 2023 I report to the trustees on my examlnalion of ts accaxmts for the year ended 31 2(723. Re8ponalbllltios and basls of r•port As the charity tNstees, are reswjnsblo for Ihe wepwatkn ol the aCC￿nts In ￿)rdaTh￿ vrith the req￿rements of thg Charitles Act 2011 (The 2011 Ad). I In r8spect of my examnall￿ rA IlKry dlaritys a(x(xMts cwrf8d (Art urvder sextkm 145 of the 2011 wing (wt my examknatlon I have folo**d all the Directions &M¥en ty the ch￿ CommissK)n under section 145151{b} of the Act. h￿p￿Thd•￿t •X4wnln•r¥ ¥latwn•nt I have completed my examinalkn. l ¢onfim) that r*) malters have to ryattth kn ¢orthth *ith the examnatic giving me cause to believe that in any material respect l. a(ro￿1rvj records ￿re not kept in respect clthe (￿rity as ￿]UIred by aexlmx 1Y) of the 2011 Act: or 2. the ￿)Unts do not accord vAth thc6e reo)rds: or 3. the accounts do not comply wtth the applicaL4e rewirements o)ncerniry th8 fomi a￿1 ¢>Jrtent of8(xounts set (Art in the Charities (Accounts and Rewrts) Re9￿atiOnS 2008 other thèn any requirement that acc4)unts gr¥e a Yrue and fair vwl vA)kh is Th)t a matter considered as part of an exarrinalmjn. I have DJnc8ms WKI hwe across no olher mattws in connth the 8yAmation to *thich attenuon $￿Uld b8 a￿1 kn thls reix)rt In ordw to enatle a ofth8 *xy)unts to be reac**d. ACS Acc￿ft ng (8erkstire} Ltd Chartered ManagwrtenlAco)u)larts Suite 3 Markel Fkyjse 19-21 Market Pia Wokingham RG40 1AP 10 February 2023 1018 Henley Music School CIO ststement of Financial Activibes For the year ended 31 July 2023 Unrestrlcted 2022 Donations and legaGies 49.315 36.342 342 Exp•ndlturn an: Musk Education Totsl (57.339) (57.339) (66,886) (66,886) 18,024) (30,544) Roconclllallon of funds Total fvnd$ browht fornyard Total fund• ￿TrIed fonvard 11.286 3,262 41,830 11,286 2of8 Henley Music School CIO Statsment of Financial Position As at 31 July 2023 Current assets Debtors Ca8h at bank and In hand 2,753 10.f)58 13,411 (2.125) 5.741 5.741 {2.479) Cn)dltor•: •mounts falllng due wlthln on• N•t eurr•nt aM•ts 11.286 11.286 Total as•ets1O￿ Ilabllll•8 11,286 The funds of the charlty Unrestricted income furKIs 11,286 T4>tal funds Isobel Har Trustee 10 February 2024 3of8 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2023 l. fv£courrtlng Pollcl•8 Ba¥ls of accountlng The finan¢ial statements have been prepared wder the historical ￿>st l￿venth)n. ex￿0 ftw inveslm8nts vthKh are Induded at maTk8t value and retsluation of (*rtain r￿ed assets arKI in ￿Kdan￿ wlth the Chartknes SORP (FRS 1021 'Accounting and ReportsrKJ by Char￿es. Staiement of RecomerKled Practre appli¢ablg to ch8ritss prepariThJ their accounts In aC￿r￿ar￿￿ with the Financaa Rewting Standard appI￿abEe in the UK and Republic of Ireiand {FRS 102} {dr6ctive 1 January 2019)., Fin￿(￿al ReportirKJ Standard 102 the Fiiar)wl RewliNJ Standard appllcable in the UK and RepuNlc of Ireland (FRS 102). and the CharMesAd 2011. Hen* Musk 8th(￿1 CIO mgets definiticffl of a benefft enty WKl¥ FRS 102. Assets and lithlties ate inlllally re(￿niSed at hlgtorlcal cost or transackn Va￿ unk5S ottr￿1* stated Sn the rel¢￿t ac4)Junkng ￿1￿Y not6($). statom?nt ot cash flow4 The Trustees have t*en advantag8 of the exemptbjn in SORP FRS 102 fr(xn a cash kni stat￿t in tt finan(xal statements on the grounds that the L*arlty is small. Incomlng r•sources JI Incoming resourc8s are in¢1￿￿¢d in the statement Offlnartl￿ *tr¥itses *then the (￿rity ts enillled to the Income and the amoiurt can be quantiffi&fj wilh WEaS(￿at￿e xcuracy. The frAkMirwJ wrflc are wlied to parti￿18r categorieg of In¢fft: Resourc•8 •xpond•d Llabilitses are recognisod as re8our(*S eXP￿KIed thwe is a b8gal ty a)n8trth objigakn c(*nmlt¥ig the Ctharlty the expenditure: I Income from donatlons and kgad•• 2023 Unrn8trICt￿ funds Donations recelved 49.315 36.342 49.315 3. Net In¢0m￿{exP0ndIl￿rQ) for tho >•ar Thls Is Stat￿ after chargingllcredttry 2022 Actounlancy fees Staff p8nsion contribu￿n5 450 825 713 4of8 Henley Music School CIO Notes to the Financial Ststements Continued Forthe year ended 31 July 2023 Staff costs and omoluments Tolal staff cth for lh8 ￿ded 31 2023 *we: Salari8S 8rKI w Penslon Costs 41.894 46,353 713 720 2022 5. ComparaOb• tor P4lal•ment of Flnan¢l•l ACUVM The D)mparabve year values on the Statenxnt of Ac*¥ths ¥e for ￿lestr￿ted fund5. The d8preCIa￿On r• for the J•ar L8 £(75} in 104)ect rrf assets leawl w#Jw finw knes or hlre pwdwe C￿￿racts. 7. D•btor• 2022 Amounts du• wlthln on¢ s•1r. Other debtor5 2,753 2,753 & Credhors: amourt* falllng du• wlthln on• 2023 2022 Trade (xeditors 1.023 593 Accruals and defwred ￿￿orne 2,125 5d8 Henley Music School CIO Notes to the Finanaal Statements Continued For the year ended 31 July 2023 9. Mov•ment In fvnds Unr•strfGt•d Funds B￿anG• at IDcomlng Ouwng Balanc8 at 0110Y2022 r•sourGos resourc•s 31107r2023 Gener81 General 11286 49.315 (57,339) 3,262 49,315 I￿,339) Umstrfcted Funds . Pr￿louS Balanc• at 01108r2021 Incwnlng (Xrtgolng Balanc• at r•Boure•s rrfoure•s 3110712022 General 41.830 36,342 (66,886) 11286 (66M86) Mennald The Incom8 and Fyoperty of the CIO must te ap￿led sotdy tcwmds the pronbjllc￿ of lh8 being in slvjrt thg on￿lI0n of mu￿¢al education ¢hiklFEn. people and by extens￿ aduts regardless ofability. Th8se lunds were r￿ed as a result of a cm cllfurKI risirwj aL*iwty ofa cross ch•w￿l %￿rn. General income and propety of Ihe CIO rnust be appled soldy tward5 the prormtlon ofthe obkcls belng in short th8 prorntion of musical edurAticffi fLY chIld￿n. yDurvJ peokqe and by exlensicm adults re9￿￿￿$ of abllrty 10. knalysl8 ol n•t ass•t• botw••n fund¥ Net curr•nl N•tAasèts {Ilobllltt61> Unrostrfctad funds General Gen8rn1 3262 3.262 3362 6of8 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2023 Pr•¥lous ￿ar OknbiliUe•l Unrestrlct•d lunds Genernl 11,286 11286 7of8 Henley Music School CIO Detailed Statement of Financial Actsvitses For the year ended 31 July 2023 2022 INCOME AND ENDOWMENT Donatlons and l•gacl l)onatior* & grants 49,315 36,342 Total Incomknw r•8OU EXPENDrruRE Charitsbl• acthth Direct ts)sts Tulor costs .315 (435) {8.144) (4,304) (16,353) SUPPORT COSTS (&579) Staff costs- %Ydges & salarles Staff c¢sts- pension o)ntribulior6 (33,7￿) (825) 0,000) (713) (¥5751 Accountancy fees Legal and professicfftal fees Premlses Motor and travel expenses (88) {8641 (586) (780) 1300) {376) (450) (3,695) 1949) Inlerest payat4e Other finance cost8 In$uran Bursary costs Sundry marketing Bookkeeplng eosts Tdephone & Intemel (228) (75) {33) (821} (6.709) (247) 1378) (600) (14) (991) (9.627) (1.068} {3511 (471) (141851 (14518) Total r•sour¢a8 exp•nd•d (57,339) Net EXP•nd￿r0 (8,024} 8of8