REGISTERED COMPANY NUMBER: 10396742 (England and Wales) REGISTERED CHARITY NUMBER: 1178298 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR MEENAL AND RISHI SACHDEV FOUNDATION STGCA LLP tla Sterlin Chanered Accountants 505 Pinner Road Harrow Middlesex HA2 6EH
MEENAL AND RISHI SACHDEV FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and AdmiNi5trative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sh¢¢t Note5 to the Financial Statement5 9 to 15 Detailed Statement of Financial Activities 16
MEENAL AND RISHI SACHDEV FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES D Fitzgerald R R Sachdev Mrs M H Sachdev REGISTERED OFFICE Regent House Allum Gate Theobald Street, Elstree Borehamwood Hertfordshire WD6 4RS REGISTERED COMPANY NUMBER 10396742 (England and Wales) REGISTERED CHARITY NUMBERI 178298 INDEPENDENT EXAMINER STGCA LLP Va Sterlin¥ Chartered Accountants 505 Pinner Rliad HaoW Middlesex HA2 6EH Page I
MEENAL AND RISHI SACHDEV FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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 Marth 2025. Tl)e trustees have adopted the provisions of Accouiiting and ReportiiigF by Charities.. Stateinent of Recominended Practice applicable to charities preparing tlieir accouiits in accordance with the Financial Repllrting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 20191. 0ECTIVEs AND ACTIVITIES Objectives and airns The promotion of human rights (as set out in the universal declaration of human rights and subsequent United Nations conventions and declatationsl in such way5 as the charily trllstee5 think fjt, including by= raising awareness of human rights issues: providing public education about human right5., and partnering with other organisations which have similar objects and providing fvnds for their work. In furtherance of that objective but not otherwise, the trustees sl)all have power to engage in political activity provided that the tru%tees are sati%fied that the propo%ed activities will rther the purposes of the charity. to an extent justified by the resources committed and the activity is not the dominant means by w,hich the charity carries out its objectives. Public benefit The charity lias achieved the public benefit objectives by rai5in¥ awareiies5 of human riuhts issues. Thi5 wa5 achieved by providing piiblic education about huinan rights and partnering with other organisations which have 5iniilar objects and providing funds for their work. FINANCIAL REVIEW Fink)ncial position The Iriistccs havc adopted the provisions of Accoiinting and Reporting by Charities.. Statement of Recommended Practice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). As stated in tl)e introduction to this report, the trnst¢es con%idcr the finan¢ial perforniance by the charity during the year to have been satisfactory. The Statement of Financial Activities shtsm. net deficit for the year Of £58,120 {2024.. Net surplus of £37,075) and the total defi¢it at Ihe vear end stand at £67,384 {?024.. Deficit of £9,264). Principal funding 50urce5 The principal funding sources flir the Charity are currentlv by way of Donatilins and granis. Charity's funds are being used in the short terni for the running of the Charity and supporting its key objectives. Investrnent policy and objectives In the Financial Review section of this report, there is a description of the investment policies and objectives established by the Trustees and the extent io which social, environmental or ethical considerations are thken iiito account. The Trustees, invesuneni powers are covered by the Trustees, governing document and allow, Ihe Trustees to ijivest SUTplus fuiids to generate income with which to fund future activities. The Trustees, investineni policy is to aiin for salety, con)n)ensurate with immediate and planned spei)ding requirements and given the current uncertainties in the financial market5, the Trustees consider it appropriate to be holdin(T funds in deposlt accounts where they achieve a steady return Page 2
MEENAL AND RISHI SACHDEV FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Regerves poliey The trust¢cs have establi%hed a policy whereby there was an increase in charitable expenditure which meant thgt the charity's reserves between 9 to 12 months were not met. The trustees have therefore implemented strategies to seek new donations and governmeiit grants. Separately, we have implemented measures to reduce costs to eiisure these reserves are met in the ture. Going concern The charity's financial performance for the year ended 31 March 2025 resulted in a deficit of £58,120 and an overall net deficit of £67,384. This position reflects a deliberate and strdtegic transitioi) undertaken earlier in the year, durii)g which the Trllstees agreed to chaii¥e the orgyanisation'5 direction and operatiiig rnodel. The charity moved from a traditional ¥srant- and donation-dependent noi-for-profii model to a consultancy-based approach intended to support long-term financial sustainability and resilience. As with any change in operating model, the charity experienced initial development and implementation challenges during the transition peiiod, and incon)e gtneiation has ntst }'et fully materialised M'ithin the ieportin¥ year. However, significant progjress ha5 been made in establishing tlie Iiew offer, buildiiig partnerships, aiid positioning the charity for tUre contracted income. In parallel, the Trustees have taken decisive action to reduce costs alld nnage financial risk. The staffillg structure has been streamlined to one part-time role, with the intention thai. as income and workload increase, specialist freelance consultants will be engaged on a flexible basis, aligned to reveiiue ¥eiieration and deniand. The overall c05t base ha5 been si¥nificantly reduced, and expenditure is closely monitored. Further cost-control measures Temain available and can be iniplemented if required. The Trustees are confident that the actions taken during the year place the charity on a more sustainable footing. Income generation under the new consultancy model is expected to commence in the next financial period, supported by continued partnership developinent and prudent finai)cial managemei)t. STRUCTURE, GOVERNANCE AND MANAGEMENT Cioverning dncument The chariTh is conirolled by lis governing documeni. a deed of trust: and constitu$ a limited company. limited by guarantee, as defined b}. the Cotnpanie5 Act 2006 The charity is constituted by a Trust Deed dated 27 September 2016, and its objects are to apply funds for charitable purposes. Orgk)nisational structure The Trustccs namcd on page l (other than those stated as having ceased to be a trnstee on a particular date) have served from date of appointnient to Ihe dale of this report. Appointment of Trustees is governed by the Memoranduni and Articles. The Board of Trustees is authoriged to appoint new Trustees to lill vacancies arising through death, resignatioi) and removal. Induction and training of new trustees As part of their induction progFram, new Trustees are Tnade aH'are of their responsibilities. This includes an introduciion w the objectives. scope and policies of the Charity. the Chariiy Commission information on Trustee responsibilities and a copy of the Cot]st]tIon. Additional traiiiing is available to keep up witi) all new regulatiot]s conceming the Charity's activities. Page 3
MEENAL AND RISHI SACHDEV FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk man#gcmLlIt The Trustc¢s idcntify the major risks to which the Charity is exposed to each fingncial year when preparin£ and updating a strategic plan, in particular, those areas related to the operations and finances of the Charity. The Trustees then review any major risks which have been identified and establish system5 to mitigate tl)ose risks. The Trustees have also put in place appropriate internal Clinirols and monitoring procedures, including budgetary control and review to minimise financial risks. 18 Dec 2025 Approved by order of the board of trusiees on and signed on its behalf by.. I s.-oa. -k-lll *&ev IO'C'4¥'YO¥S"¥Ylptril" "" """" Mrs ac ev Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRVSTEES OF MEENAL AND RISHI SACHDEV FOUNDATION Independent examiner's report to the trustees of Meenal and Rishi Sachdev Foundation ('the Compan!") I report to the charity trustees on my exainination of tl)e accoui)ts of tl)e Company lor tl)e year ended 31 March 2025. Responsibilities and basis of report As the charity's tIU5tee5 of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in a¢cordance with the requirement% of the Companies Act 2006 ('the 20(16 Act'l. Having 5at15fied myself that the account5 of the Companv are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination: I repon in respect of my examination of your Charit) s accounts as carried out under Section 14) of the Charities Act ?0 I I I'the 201 l Act,). In carrying out my examination I have followed the Directions given by the Cliarity Commission under Section 145(5} (bl of the 201 l Act. Independent examiner 5 Statement I have complctcd my cxamination. I confirm that no matters have come to m), attention in connection with the examination giving me cause to believe= a¢¢ounting re¢ords were not kept in respect of the Company as required by Section 386 of the 2006 A¢t,' or the accounis do noi accord with those records., or the accounts do not coniply witl) the accounting requirements of Section 396 of the 2006 Act other thai) ai)y requirement that the ac¢ounts give a true and fair view which is not a matter considered as part of an independent examination., or the aLCOllllts 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 accordai)ce with the Financial ReporLing Standard applicable in the UK and Republic ol'lreland (FRS 102)). I have no concerns and have come across no other matters in connection with the exaniination to which attention should be drawn ii) this report in order to enable a proper understanding of the accounts to be reached. Bhpral Vanza ID8c 1fj, 2025, 5 23pml Bharat Vanza BSc(Hons) FCCA FCA The Institute of Chartered Accountants in England and Wales STGCA LLP da Sterling ch[ered Accouiitants 505 Pinner Road Harrow Middlcscx HA2 6EH 18 Dec 2025 Date.. Page 5
MEENAL AND RISHI SACHDEV FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Totsl funds Unrestri¢ied funds Restri¢ied fund Notes INCOME AND ENDOWMENTS FROM Donaiions and legacies 34,397 34,397 235,981 Charitable aetivities Charitable activities 5.050 5,050 26,313 Investment incom¢ 3,513 Total 39,447 39,447 265,807 EXPENDITURE ON Charitable activities Charitable activities 97,567 97,567 228.732 NET INCOMEI{EXPENDITURE) (58,120) (58,120) 37,075 RECOINCILIATION OF FUNDS Toial tunds broughi forward (9,264) (9,264) (46,339) TOTAL FUNDS CARRIED FORWARD (67,384) (67,384) (9.264) Th¢ notes forni part of these financial statements Page 6
MEENAL AND RISHI SACHDEV FOUNDATION BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Totsl funds Unrestri¢ied funds Restri¢ied fund Notes CURRENT ASSETS Debtors Cash at bank 6,315 2,575 6,315 2,575 76,157 358 8,890 8,890 76,515 CREDITORS Atnounts fallin¥ due within one year (76,274) (76,274) (85,779) NET CURRENT ASSETS/(LIABILITIES) (67,384) (67,384) (9,264) TOTAL ASSETS LESS CURRENT LIABILITIES {67,i84) (67,384) 19,264) NET ASSETSI{LIABILITIES) (67,384) (67,384) 19,264) FUNDS Unrestricted ndS 10 {67.384) (9,264) TOTAL FUNDS {67,i84) (9,264) The charitsble company is eiititled to exemption fron) audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The Jnembers have not required the coinpany to obtain an audit of its financial stateinents for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge theiT responsibilities for la) ensuring Ihai the charithble CL)mpany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statemeiits which give a triie and fair view of the state of affairs of the charitable company as at the end of each financial }'ear and of ils surplus or deficit for each financial year in accordance wilh the requiremenis of Sections J94 and 395 and which tstherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as appli¢able to the charitable company. Ib) Th¢ notes forni part of these financial statements Page 7 continued...
MEENAL AND RISHI SACHDEV FOUNDATION BALANCE SHEET- continued 31 MARCH 2025 These financial statemei)ts have been prepared in accordance with the provisioi)s applicable to charitable companies subject to the sniall companies regime. The financial statements were approved by the Board of frnstees and authorised for issue On [d were sigFned on its behalf by.. 18 Dec 2025 k4tsSÈlDJow4kn25, S.21pml Th¢ notes forni part of these financial statements Page 8
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statemen¢5 The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepiired in aLcordanLe Wltli the Cliarities SORP IFRS 102) 'Accounting and Reporting by Chiiritie5'. Statement of Reconuneiided Practice applicable to charities preparit]g theiT account5 in accordance ..ith the Fit]ancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January ?019)'. Financial Reporting Standard 102 'The Financial Reportin¥ Staiidard applicable in the UK and Republic of Irelaiid,, the and the Companies Act 2006. The fiiiancial statement5 have been prepared under the historical cost convention. Income Income from donations and grants is Included when ihese are receivable: except as follows.. Il'hen don0 impose conditions which haN¢ to be tulfilled betore the charit! becoilles eniitled to use such income. the inLI)me is deferred nuL inLILided in inLI)Inin¥ re%()ufLe% unlil Ihe preLL)ndilic)n% fur u%e have been Iiiel. 11.'hen donors sp¢cih. that donations and grants are for particular r¢strict¢d purp05e5. whicli do not amount to prL-conditions rLgarding entitlcmcni. Ihis incomL is inLludLd in ineoming rLsourLCS of rcslriciLd funds .hLn rLCLivablL. Interest receivable Inieresi receivable is recognised in Statement of Financial Activities as they accrue, using the effective inierest method. Expenditure Thc policy for incliiding items within the relevant activity categories of resources expended is that expenditure is charged to the Statertient of Financial Activities on an accruals basis. inclusive of V A T which cannot be recovered and is classified as follows.. Cosi i)f generating funds ctsmprise the LOStS aLialed '1th atlraLling %'i)luntary inLoine. Cliarilable exptndilure shall include all expenditure dirtcll}' related to tht obj¢cls ot'the charity including actiTr'ititS Ill rurthLrdncL ofihL Lharitv's objLLIiiLS and aims. ChariiablL LXPindilurL LomprisLS IhosL Losls incurrcd bj IhL Lharitv in the d¢lltr), of its actii'it1¢5 aiid services tor its bell¢ficiari¢5. It includes botli costs that can be allocated directl>. to Such acti111e5 and Ihose cosis of an indireet naiure 10 buppori them. Governance costs shall include all ¢xp¢nditur¢ dir¢ctli' related to th¢ adtninistralion of the charit).. ¢xp¢nditur¢ in¢uTr¢d in the Inanagtintnt ot-lht chariiTr's assets, organisaiional adminisiration and compliance wilh charitable and statuiorv requirements. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation As a registered Ll)arity, the charitv is exempt fron) ITILOnlt and Lorporatioii tax to the extent that it5 incoTne and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the charity, and is iherefore included in the relevant costs in the Statement of Financial Activities. Fund accounting General funds are unrestritted funds which are available for use at the discretion of the Trusteeg in furtherance of the general objectives of the Charity and which have not been designated for other piirposes. Designated fui)ds comprise unrestrieted fui)ds that have been set aside by the Trustees for partieular purposes. The aim and us¢ of each designated nd is set out in the notes to the fingncial statements. Page 9 continued...
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- ¢onlinu¢d Fund accounting Restricted funds are funds which are IL) be used in accordance with specific restriciions imposed by dL)nors which have beeli ri115ed b), the Charity for particular purposes. The cost of rai5in¥ and admini5terin¥ SULh fuiids art Lhar¥ed afwaiiist the specific 1]d. Tlie aim and use of each restricted nd is set out in the notes to the financial statemeiits. Pension costs and other p05t-retirenient benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable con)pany's pension scheme are charged to the Statenient of Financial Activities in the period to which they relate. Trade and other debtorsl eredito Trade and other debtors are recogni5ed initiallw at transaction5 price less attributsble transaction costs. Trade and other creditors are recognised initially at transgction price plus attributable transaction costs. Subsequent to initial recognition ihey are measured at amortised cost using ihe effective InreSt meihod, less any impaimieni losses in tlie case of trdde debtors. If the aan¥seMent con5titute5 a financing traiisaction. for exainple if paynient is defted beyond normal terms, then it is measured at the present value of fvture payments discounted at a markei rate of instrumeni for a similar debt instrumeni.G Going concern These financial statements have been prepared on a going concern basis not withstanding the net current liabilities of £67.i84. As stated in the Trustees report. the Trustees agreed to change ihe organisation's direction and operating model. The charity n)oved from a trndiiional grai)t- and donaiion-dependei)t not-for-profit model to a consultancy-based approach intended to 5UPPOrt long-term financial sustainabiliry and resilieiice. The Trustees are gainii)g signilicant progress has been made in establishing the new offer, building partnerships, and positioning th¢ Charity for fuiure ¢ontTacted in¢ome. Tl)e Tiustees have taken decisive actioii tts reduce costs and Inanage financial risk. The statying structure has been streamliiied to one part-time role. Further ¢ost-control measures remain available and cgn be implemented if required. DONATIONS AND LEGACIES 2025 2024 Donations 34.397 235,981 Page 10 continued...
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Other interest re¢eivabl¢ 3.513 CHARITABLE ACTIVITIES COSTS Grant nding of activities Direct Costs Support cosis Totals Charitable activities 31,370 15,000 51,197 97,567 TRUSTEES, REMUNERATION AND BENEFITS Tliere ere no tru5tees' remuneration or other beiiefits for tl)e year ended 31 March 2025 nor for the year ended 31 March 2024. Tru5tees' expense5 There were no trnstees, expenses paid for the year ended i l March 2025 nor for the year ended 31 March 2024. STAFF COSTS Th¢ av¢rag¢ monthly number of ¢mploye¢s during the year was as follows.. 2025 2024 Administraiion No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresiricted funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacie5 2i5,981 235,981 Charitable aetivities Chariiable activities 26.31i 26.31i Investment income 3,513 i,513 Total 239,494 26,313 265,807 Page 11 continued...
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unresiricted Restricted funds fund Total funds EXPENDITURE ON Charitabl¢ a¢¢ii'ities Charitable activities 198,883 29,849 228,732 NET INCOMEI(EXPENDITURE) 40,611 (3,536) 37,075 RECONCILIATION OF FUNDS Total fund5 brought forward (49,875) 3,536 (46,339) TOTAL FUNDS CARRIED FORWARD (9,264) 19,264) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 6.315 76,157 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Other creditors Accrued expenses 2,287 68,820 67 5,100 9,233 70,111 735 5,700 76.274 85,779 Page 12 continued...
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNDS Net moveTnent in ndS At 114124 At 3113125 Unrestricted funds General fund (9.264) {58.120) (67,384) TOTAL FUNDS (9,2641 {58,1201 {67,384) Net n)ovement in funds, included in the above are as follows". Incoming resoui¢es Resources expended Movement in funds Unrestrieted funds General fund 39,447 {97,5671 {58,1201 TOTAL FUNDS 39.447 {97,567) {58,120) Comparatives for movement in funds Net movement in ndS At 114123 At 3113124 UNTestricted funds General fund {49,875) 40,611 (9.264) Restricted funds Restricted 3.536 (3.536) TOTAL FUNDS {46.339) i7.075 (9,264) Page IJ continued...
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNDS- continu¢d Comparative net movement in fund5, included in the above are as follows.. Incoming resources Resources expet]ded Movement Ill ndS UNTestricted funds GeneTal fund 239,494 (198,883) 40,611 Restricted fund5 Restricted 26,313 {?9:849) (3.536) TOTAL FUNDS 265.807 (228,732) 37,075 A current year 12 months and prior year 12 months combined position is as follows-. Net movement iii fviids At 114123 At 3113125 Unrcstrieted funds Gcncral fund {49,875) {17,509) {67,384) Restricted fund5 Restricted 3.536 (3.536) TOTAL FUNDS {46,339) {21,045) (67,i84) A current year 12 months and prior 5Jear 12 months Combined net movement ii) tunds, included in the above are as follow5.. Incoming resources Resources expeiided Movement it) fvtjds Unrestrieted funds General fund 278,941 (296,450) {17,509) Restricted funds Restricted 26.313 (29.849) (3.536) TOTAL FUNDS 305.254 (326.299) {21,045) Page 14 continued...
MEENAL AND RISHI SACHDEV FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 RELATED PARTY DISCLOSVRES During the year the Charity received donations of £7,407 {2024.. £47,368) froni Shiva Hotels Group LLP, £14.900 (2024 - £nil) from Marlborough Hotels Ltd, £NIL (2024.. £56,a56) from Shiva King%wgy Ltd , £NIL (2024.. £48,912) from Shiva Hotels Vandon House and £NIL (2024.. £12.265} from Lincoln Plaza Hotel Co Ltd entiiies in ".hich Mr R R Sachdev who is a trustee of the Charity, lias beneficial interests. Page 15
MEENAL AND RISHI SACHDEV FOUNDATION DETAILED STATEMENT OF FIiNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donxtions and legacies Donations 34,397 235,981 Inve5trnent income Oiher interest receivable 3,513 Charitable activities Grants 5.050 26.313 Tot81 incoming resource5 39.447 265,807 EXPENDITURE Charitable aetivities Staff 5alarie5 Social security Pensions Insurance Compiitcr costs Posiage and stationery Advertisii)g Travel, hotel and subsisten¢e Conferences and events Grants to institutions 21,100 1,847 626 3,032 2,333 125,000 13,484 3.750 3,251 7,261 39 7,761 1,159 3,536 2,432 15,000 46.370 165,241 Support costs Finance Bai)k charges 54 Other Sundries 105 33i Governanee costs Legal aiid professional fee5 Accountancy and legal fees 47,438 3,600 58,958 4,200 51,038 63,158 Total resources expended 97,567 228,732 Net (e¥penditure)lincome (58,120) 37.075 This page does liot foTm part of the statutory fina]icial statements Page 16