Registered Charity number: 1180095 SHIELD OF FAITH FAMILY CHRISTIAN CHURCH Trustees Annual Report, Independent Examiner’s Report and Financial Statements 31 March 2021 ## SHIELD OF FAITH FAMILY CHRISTIAN CHURCH ## Contents |Trustees Report|2| |---|---| |Statement of Trustees' Responsibilities|6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10| 1 **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH** Trustees Report for the Year Ended 31 MARCH 2021 The trustees present their annual report for the year ending 31 March 2021. ## **Reference and Administrative Details** **Charity Names** Shield of Faith Family Christian Church **Charity Number** 1180095 **Principal Registered Address** Unit 1 Marchant Road HINCKLEY Leicestershire LE10 0LQ ## **Trustees** The following persons acted as Trustees of the charity during the period: JO-ANN POBLADOR MARIA FE ATMOSPERA AGDALPEN MARILOU SUMALIA CASAYURAN ## **Objectives and Activities** ## **Objectives** ## **The objects of the charity are:** To advance the Christian religion for the benefit of the public in accordance with the gospel of Jesus Christ. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit. ## **Activities** The charity provides a regular church facility for prayer and reflection for the local Christian community, and provides other moral and counselling support for those in need. Support was also provided to those in hardship due to Covid-19 locally and in South Africa and to victims of earthquake in Philippines. The worship Sunday service was held through live stream or online from 5th of April 2020 to 7thth of March 2021 because of pandemic (Covid 19 ). As well as the prayer meeting every Friday at 18:00 through live stream. The church has different cell groups (G12) led by cell group leader. We have 14 active cell group that meet once a week and sharing the word of God as well having fellowship to one another. Covid 19 affects the face to face meeting of our cell groups so we meet via online to stay connected with church members and friends. The pandemic has brought a lot of 2 disadvantages but as a church we noticed the benefits as well. Through online we able to reach out other families and friends not only here in United Kingdom but other parts of the world. The Primary Cell leaders meeting is every Friday 19:15 pm led by Pastor Tony Yumul and Pastor Sarah Yumul through online. The purpose of the meeting is to strengthen, encourage and build up the leaders in winning souls and making them true disciples of Jesus Christ through Intentional Discipleship with G12 vision and teachings. All congregation and new members in the Life cell group were encouraged to attend this training to equip, to train from being believer into becoming a leader of 12 disciples. Also to have the compassion in reaching out to the lost souls and able to participate, help in bringing hope to the less fortunate people by providing emotional, physical, material and spiritual help. Throughout pandemic training and equipping new believers didn’t stop us. By the grace of God we carry on doing our Life class through online or zoom. We managed to have mentoring or class sessions during November to December 2020 and also on March to April 2021 for school of leaders 1 (SOL1). |Church Ministries|| |---|---| |Pastoral Care :|Senior Pastor Sarah Yumul and Pastor Tony Yumul| |Youth Ministry :|Patrick Daguio| |Evangelism:|Pastor Sarah Yumul and Pastor Tony Yumul| |Worship Ministry:|Faith Agdalpen and Patrick Daguio| |Children Ministry:|Rhona Asuncion and Gladys Torres| |Cell Ministry /Discipleship:|Pastor Sarah Yumul and Pastor Tony Yumul| |Life Class :|Pastor Sarah Yumul , Patrick Daguio and Jullia Josson| |G12 Mentoring|| |Administration:|Pastor. Sarah Yumul, Jo-Ann Poblador, Maria Fe| ||Agdalpen,| |Media/Sound Ministry:|Elaiza Racelis and Paolo Daguio| |Ushering Ministry :|Jo-Ann Poblador and Del Weir| |Security:|John Shaw and Brian Atkins| |Transport :|Marilou Casayuran| ## **Public Benefit** The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. The charity advances the Christian faith and relives financial hardship for those in need. 3 **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH** Trustees Report for the Year Ended 31 MARCH 2021 (continued) ## **Achievements and performance** The charity settled in the premises purchased and conducted several activities for the public. The charity provided a regular church facility for prayer and reflection for the local Christian community, and provided other moral and counselling support for those in need. Support was also provided to those in hardship due to Covid-19 locally and in South Africa and to victims of earthquake in Philippines. The worship Sunday service was held through live stream or online from 5th of April 2020 to 7thth of March 2021 because of pandemic (Covid 19 ). As well as the prayer meeting every Friday at 18:00 through live stream. The church has different cell groups (G12) led by cell group leader. We have 14 active cell group that meet once a week and sharing the word of God as well having fellowship to one another. Covid 19 affects the face to face meeting of our cell groups so we meet via online to stay connected with church members and friends. The pandemic has brought a lot of disadvantages but as a church we noticed the benefits as well. Through online we able to reach out other families and friends not only here in United Kingdom but other parts of the world. The Primary Cell leaders meeting is every Friday 19:15 pm led by Pastor Tony Yumul and Pastor Sarah Yumul through online. The purpose of the meeting is to strengthen, encourage and build up the leaders in winning souls and making them true disciples of Jesus Christ through Intentional Discipleship with G12 vision and teachings. All congregation and new members in the Life cell group were encouraged to attend this training to equip, to train from being believer into becoming a leader of 12 disciples. Also to have the compassion in reaching out to the lost souls and able to participate, help in bringing hope to the less fortunate people by providing emotional, physical, material and spiritual help. Throughout pandemic training and equipping new believers didn’t stop us. By the grace of God we carry on doing our Life class through online or zoom. We managed to have mentoring or class sessions during November to December 2020 and also on March to April 2021 for school of leaders 1 (SOL1). The charity by the grace and power of God has able to conduct Life Class and School of leaders 1 training through online which enable the new believers to know more and encounter Jesus Christ in their lives. The Youth Ministry is growing fast, young people were encouraged to join and engage in winning souls, also in church activities and ministry. Every last Sunday of each month, a Youth Service/Kaizen for young people from age 11 years old to young professionals was held. We supported King Church International by monthly donations to support in feeding programme in South Africa for those in hardship. 4 ## **Financial review** The charity during the period secured donations of £100,711 comprising of Tithes, Offerings and General Donations from the congregations, as well as rental income from the NHS Blood Transplant Service for use of the premises. The expenditure for the period was £51,177, giving a surplus of £49,534. The charity succeeded in repaying £24,170 of interest free loans during the period and continued to meet its mortgage obligations for the charity premises. ## **Policy on reserves** The charity had Nil Restricted Reserves and held current assets of £17,896 in Unrestricted Reserves for the period and Net of Fixed Assets and liabilities held Unrestricted reserves of £200,436. The trustees policy on reserves is to retain the Unrestricted Reserves for future charitable expenditure in furtherance of the objects of the Charity. ## **Risk Management** The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have been established systems to mitigate the significant risks. ## **Going Concern** The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Future plans** The Charity intend to continue providing the valuable Church services for the community at their permanent building 5 SHIELD OF FAITH FAMILY CHRISTIAN CHURCH Trust885 Report for the Year Ended 31 MARCH 2021 (continued) Structure, Gov•mance and Man•g•m•nt Typè of Charlty The Charity 1$ an unlncory)orated Assodauon Typ of Governlng Do¢um•nt The tharity Is goN*med by its Constllutlon dated th8 19th ofJune 2016. Trulteo S•lectlon Tntsleesare appolnted ty the m8loAty ded8lon of members ata General Meetlng of members ststemnl of Thistse$' Responslbllltles In relatlon lo Flnanclal Statsments The trustees are responsible lor Fyeparirvj the Trustees, Report and Iha finandal statements In accordance wth 8pplicaNe18w and United Kingdom Accounttng Standards. The law appllcabb to charflies in England and Wales requires the truste8ls) lo prepare financial statemènts for eaeh financial year bthlch 8 trug and fair •Aew of the slalo of affairs of the tharily and of tho Incomkng resources and 8ppli¢ation of resourcas of the chty forthat perlod. In prepaiing the88 fwAnclal statements, the lJustses are raquired to: se18Ct suitsbl8 a¢xounting pdicies and then appty them corrslstenty obsèNa th8 methods and prinap18s ofthe Charllles SORP mak8 ju638menls and estimates that are ffjasonablg and prudenl slate whether applrabl8 accountlng standards have been follow8d. su￿0Cl to any departures dlsdosed arxl èxplained In the finanaal Slalements; and prepare tha financlal statèm8nts on the going concern basls unless It b Inappropdats to esume that the chaiTty wlll contlnue In busln8SS. The trustees are responsible for keeping accounting recLYds wthlch dis¢Eose wilh reasonable accuracy the financlal poslllon of Ihg d￿rRY and charfty and enatle them to ascertaln that the finanual slatements ￿rnpty bwth th8 Charili8s Act 2011 and the provtslons of th8 gove￿ng documenL Thèy are also responsible for safeguarding the assets of the char5ty and henca for taking reasonable steps for the prevenkn'on and detection of fraud and olher Irreg￿a￿lles. >proved by the truslees on Jon 9Jnd $h3n8d on thelr behalf (Trustee} Slgnafyro: Scanned with Camscanner ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH Independent Examiner's Report** **Report to the trustees of** SHIELD OF FAITH FAMILY CHRISTIAN CHURCH **Charity Number** 1180095 **On the Accounts year ended** 31/03/2021 as set out on pages 6-13. ## **Responsibilities and basis of report** I report to the Trustees on my examination of the accounts of the above charity (“the Charity ”) for the year ended 31/03/2021. As the charity's trustees, 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner’s Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. Signed _MSuleman_ Date 28/01/2022 M F SULEMAN Independent Examiner Principal Accountant - BSCAT c/o Fusion Consulting Services Ltd 103 London Road, Leicester, LE2 0PF 7 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH STATEMENT OF FINANCIAL ACTIVITIES (SOFA) FOR PERIOD ENDING 31 MARCH 2021** ||Note|Restricted|Unrestricted|Total|_Total_| |---|---|---|---|---|---| |||Funds|Funds|Funds|_Funds_| |||||2021|_2020_| |||£|£|£|_£_| |**INCOMING RESOURCES**|||||| |**Incoming Resources**|||||| |Donations|2|-|90,127||_115,673_| |Rent|||10,584||_-_| |Gift Aid|||-||_49,760_| |**Total Incoming Resources**||**-**|**100,711**|**100,711**|**_165,433_**| |**RESOURCES EXPENDED**|||||| |Charitable Activities|||50,082|50,082|_60,831_| |Governance Costs|3||1,095|1,095|_1,925_| |Raising Funds|||-||_4,210_| |**Total Resources Expended**||**-**|**51,177**|**51,177**|**_66,966_**| |NET INCOMING RESOURCES||-|49,534|49,534|_98,467_| |Transfer between funds||-|-||| |**NET MOVEMENT IN FUNDS**||**-**|**49,534**|**49,534**|**_98,467_**| |**RECONCILIATION OF FUNDS**|||||| |Total Funds brought forward||-|150,902|150,902|_52,435_| |**TOTAL FUNDS CARRIED**||**-**|**200,436**|**200,436**|**_150,902_**| |**FORWARD**|||||| 8 SHIELD OF FAITH FAMILY CHRISTIAN CHURCH BALANCE SHEET AS AT 31 MARCH 2021 2021 2010 Not• FIXED ASSErs Tarwdible Flxed Assets 668.035 664.296 CURRENT ASSETS Cash In bank and In h8nd 17.896 1&272 CREDrroRS-AmouTrts hlung du• 10 wtthln 1 y••r 1.500 750 NEf CURRÉNT A88Ers 16306 17.5 TOTAL ASSETS LESS CURREpir UABILMES 684.431 681,818 CREDITORS-Amounts tsINng du• 11 aft•r 1 y•ar 534916 NET ASSErs FUNL15 Unreslrfded FurKI8 Restrldod Funds 21)0,436 150.902 TOTAL FUND8 200A36 Th8 n¢Xes on pages 11>15 frm part cl the fknandal 8t8tements se flnandal stalemènts hfi￿ b8en apFYoved by tNsle8s on Ihèlr behall ty. £. (rrustse) Slgnabjre: 2f_o1.gio&d SI￿10d- Scanned with Camscanner ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with 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 I January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparation** SHIELD OF FAITH FAMILY CHRISTIAN CHURCH meets the definition of a public benefit entity under FRS 102, Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. ## **Donations and legacies** Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. 10 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Raising funds** These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## **Charitable activities** Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including audit, strategic management and costs reimbursed for expenses incurred. ## **Taxation** The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £300.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Music Equipment: 5 years Office Equipment: 5 years ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the Charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 11 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **2 Incoming Resources** |||**Restricted**|**Unrestricted**|**Total**|**Total**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**Funds**| |||||**2021**|**2020**| |||**£**|**£**|**£**|**£**| |Donations|||||| |Tithes|&|-|90,127|90,127|115,673| |Offerings|||||| |Rent|||||| |NHS|Blood||10,584|10,584|-| |Transplant|||||| |Service|||||| |Gift Aid|||-|-|49,760| |Total||-|100,711|100,711|165,433| |**Governance Costs**|||||| |||**Restricted**|**Unrestricted**|**Total**|**Total**| |||**Funds**|**Funds**|**Funds**|**Funds**| |||||**2021**|**2020**| |||**£**|**£**|**£**|**£**| |Governance|||||| |Costs|||||| |Accounts||-|750|750|750| |Examination|||||| |Fees|||||| |Expenses||-|345|345|1,175| |Total||-|1,095|1,095|1,925| ## **3 Governance Costs** ## **4 Net incoming/outgoing resources** Net outgoing resources for the year include: ||**Total**|**Total**| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Depreciation of fixed assets|2,564|1,303| 12 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **5 Trustee remuneration and expenses** During the year, no trustee was remunerated for services rendered to the charity. 2 trustees received expenses totalling £345 during the year to pay for items purchased and other sundry costs incurred in the delivery of activities of the charity and not for acting as trustees as follows Maria Fe Agdalpen - £145 and Jo-ann Poblador £200. ## **6 Staff Costs** During the year there were no staff on the payroll of the charity and all payments made to persons rendering a service to the charity were made as contractor payments. ## **7 Taxation** The Charity is registered with the Her Majestys Revenue & Customs (HMRC) and thus is exempt from taxation to the extent allowable by law for registered charities. ## **8 Fixed Assets** ||**Freehold Buildings**|**Fixtures, Fittings**|**Total**| |---|---|---|---| ||**The Meeting Room**|**& Equipment**|| ||**£**|**£**|**£**| |**Cost**|||| |As at 31 March 2020|**661,320**|**6,516**|**667,836**| |Additions|**-**|**6,304**|**6,304**| |As at 31 March 2021|**661,320**|**12,820**|**674,140**| |**Depreciation**|||| |As at 31 March 2020||**3,540**|**3,540**| |Charge for the year||**2,564**|**2,564**| |As at 31 March 2021||**6,104**|**6,104**| |**Net Book Value**|||| |As at 31 March 2020|**661,320**|**2,976**|**664,296**| |As at 31 March 2021|**661,320**|**6,716**|**668,036**| 13 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **9 Current Assets** |||**Total**|**Total**| |---|---|---|---| |||**Funds**|**Funds**| |||**2021**|**2020**| |||£|£| ||Cash at bank and in hand|17,896|18,272| ||**Total**|**17,896**|**18,272**| |**10**|**Creditors – Amounts due within 1 year**||| |||**Total**|**Total**| |||**Funds**|**Funds**| |||**2021**|**2020**| |||**£**|**£**| ||Accruals – Accounts Examination Fees|1,500|750| ||Total|1,500|750| |**11**|**Creditors – Amounts due after 1 year**||| |||**Total**|**Total**| |||**Funds**|**Funds**| |||**2021**|**2020**| |||**£**|**£**| ||Interest-free Loans|82,500|82,500| ||Less repayments 2021|(24,170)|-| ||Less repayments 2020|(2,793)|(2,793)| ||**Total**|**55,537**|**79,707**| ||Mortgage Loan|455,000|455,000| ||Less repayments 2021|(22,749)|-| ||Less payments 2020|(3,791)|(3,791)| ||**Total**|**428,458**|451,209| ||**Total**|**483,995**|**530,916**| ## **12 Contingent Liabilities** Except as reflected in the Financial Statements, there were no contingent liabilities for the year and prior year. 14 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **13 Reserves** **Total Funds 2021 £** As at 31 March 2020 150,902 Net Surplus for the year 49,534 **As at 31 March 2021 200,436** 15 ## **SHIELD OF FAITH FAMILY CHRISTIAN CHURCH INCOME EXPENDITURE STATEMENT FOR YEAR ENDED 31 MARCH 2021** |||||||**Total Funds**|**Total Funds**| |---|---|---|---|---|---|---|---| |||**Unrestricted**|||**Restricted**|**Period to**|**Period**| |||**Funds**|||**Funds**|**31 Mar 21**|**31 Mar 20**| ||**Note**|**£**|||**£**|**£**|**£**| |**INCOME**|||||||| |Donations||90,127|||-|90,127|115,673| |Rent||10,584||||10,584|-| |Gift Aid||-|-||-||49,760| |**SUB TOTAL**||**100,711**|||**-**|**100,711**|**165,433**| |**TOTAL**|**INCOME**|**100,711**|||**-**|**100,711**|**165,433**| |**EXPENDITURE**|||||||| |**Operating & Administrative Expenditure**|||||||| ||Staff Costs & Expenses|12,886||-||12,886|15,852| ||Venue Hire|-||-||-|11,980| ||Stationery & Sundries|1,666||-||1,666|2,621| |Refreshments & Catering||1,319||-||1,319|8,227| ||Training & Event Fees|-||-||-|4,374| ||Professional Costs|-||-||-|4,210| ||Travel Costs|221||-||221|5,458| ||Office Equipment|5,956||-||5,956|648| ||Printing & Publishing|140||-||140|533| ||Insurance|1,492||-||1,492|574| |Bank Charges & Interest||9,843||-||9,843|1,703| ||Grants|2,273||-||2,273|1,000| ||Telephone & Internet|776||-||776|358| ||Accommodation|-||-||-|837| ||Software|482||-||482|745| ||Utility Costs|8,564||-||8,564|4,618| ||Depreciation|2,564||-||2,564|1,303| ||Repairs & Maintenance|1,561||-||1,561|-| ||Cleaning|339||-||339|-| |**SUBTOTAL**||**50,082**|||**-**|**50,082**|**65,041**| |**Governance Expenditure**|||||||| |Accounts Examination Fees||750|||-|750|750| |Trustee|Expenses|345|||-|345|1,175| |**SUBTOTAL**
||**1,095**|||**-**|**1,095**|**1,925**| |**TOTAL**|**EXPENDITURE**
|**51,177**|||**-**|**51,177**|**66,966**| |**SURPLUS FOR**|||||||| |**THE PERIOD**
||**49,534**|||**-**|**49,534**|**98,467**| 16