REGISTERED CHARITY NUMBER: 1182820
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
SURBITON NEW LIFE BAPTIST CHURCH
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
SURBITON NEW LIFE BAPTIST CHURCH
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
Report of the Trustees
Surbiton New Life Baptist Church operated as an unregistered charity until 4.4.19, governed by the rules of the London Baptist Association. It was registered as a CIO (charitable incorporated organisation) from 5.4.19. The charity reference is 1182820.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of Surbiton New Life Baptist Church CIO is the advancement of the Christian faith in accordance to the principles of the Baptist denomination. In addition, Surbiton New Life Baptist Church advances education and carries out other charitable purposes in the United Kingdom and/or other parts of the world. The CIO was set up with the intention to transfer off all of the activities, assets, and liabilities of the existing unincorporated Surbiton New Life Baptist Church to Surbiton New Life Baptist Church CIO.
Page 1
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The year 2023 was a year dedicated to deepening our connection with the Lord through intentional love (Matthew 22:37-40). It has been a remarkable year of growth, faith, and community at Surbiton New Life Baptist Church.
As part of our commitment to love the Lord intentionally, we expanded our community outreach programs by starting Tots and Carers (after the long break during the lockdown), which has seen new and familiar families attending. The Well has served several homeless individuals this year, providing not only nourishment for the body but also spiritual nourishment through prayer and encouragement through the sharing of the Word of God. Additionally, some church members have been volunteering their time and resources to assist those facing hardships in our community through pastoral care and evangelism. This has exemplified the love of the Lord in tangible ways.
Mission/Evangelism
We continue to support the BMS with the missionary work they do within the UK and overseas. We raise money to support their efforts during our annual harvest and we take part in the birthday scheme as well as the postage stamps collection, which was recently stopped. We also continue to support the youth mission in Romania where Iulian has been doing a great missionary work with the young ones and these missions have been transformative for both missionaries and those who are witnessed to.
Prayer
John Wesley once said, 'God does nothing except in answer to believing prayer'. Scripture in James 5:16 tells us in the NKJB "the effective and fervent prayer of a righteous man avails much."
SNLBC currently has three regular prayer meetings comprising Bethel Encounter, which is held at Langley Road between 10.30 and midday every Wednesday morning. Starting with scriptures and our prayers cover various topics including those in need within the fellowship but also for national and international situations during these troubled days. People who come to pray vary each week but there are usually between 4 to 8 people.
Two prayer meetings, which began in the Covid lockdown still take place on Wednesday and Friday evening from 7pm to 8pm on Zoom. Regular people attend these online gatherings and are now very small in number. However, they are often powerful times, and we see many answered prayer.
Prayer is a regular part of church services on Sunday morning. A small group of people pray before the service for a short time at the front of the church for the service and for those leading and preaching. Prior to Covid lockdown this time of prayer always took place in the garden room again with regular attenders. Prayer before church can be difficult as the church is often noisy with things happening as people take their seats and greet friends. Not very conducive to prayer.
Bible Studies
Our daily Bible studies, weekly prayer gatherings (and on zoom) coupled with the Home Groups, where members come together to deepen their relationship with God through prayer, reflection, and scripture study has helped foster a sense of spiritual intimacy and unity among our church family.
Music Team
The music team will be led by Julian Orton and is preparing to begin rehearsals and again lead workshop service shortly.
Youth/ Children
Our youth ministry 316 and Junior Church have thrived this year. We introduced a study on "Living for Jesus" at the beginning of the year that has helped the young ones to learn how to live holy and righteous lives for the Lord in accordance with scriptures. We have seen the young ones invite their classmates and friends to join our meetings.
Page 2
SURBITON NEW LIFE BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 March 2023
Moreover, through engaging activities and discussions, these young ones have learned the importance of cultivating an intentional love for the Lord from a young age.
The Lighthouse programme was discontinued as our Young Adults group (20 to 40 year olds) started and some have come together to pray and go out for evangelism in the community. Arrangements have been made for regular meetings, where various activities will be held, including Bible studies, talks, movies, outreach, and away days/weekends.
Men's Meeting and bible study groups
The men of the church have met regularly at Langley Road to study the bible. There are approximately six regular attendees to this Saturday morning meeting. Moreover, our weekly Bible studies and Home Groups have allowed our members to dive deeper into their faith and develop a more profound love for the Lord and His Word.
Balaclava Road
The premises has been used regularly by hirers since the end of the lockdown. Regular hires have continued. Evergreen Church also meets at Balaclava Road on a Sunday.
The Well was once again active and has received good volunteer support.
Pastoral Care
Home Group Bible studies are a great way of both growing spiritually and fostering Christian community. At present there are two mixed adult home groups in the church, both held fortnightly. The meetings are centred on Bible study, but we also pray for one another and for others, and we enjoy our fellowship very much.
We have studied several of the Psalms, together with related events in the life of Jesus, looked at length on the life of Peter and what he learned throughout his time as a disciple of Jesus, and now we are going through the Acts of the We have also studied Great Prayers of the Bible.
Security
Security of both Balaclava and Langley Road premises remained under contract with Chubb with major incidents recorded.
MANSE
The pastor and his family continued to enjoy the manse during the financial year, with no major issues or concerns reported.
FINANCIAL REVIEW
Reserves policy
It is the opinion of the Charity Trustees that there are sufficient reserves to maintain on-going operations. The trustees have complied with the duty in sections 17(5) of the 2011 Charity Act to have due regard to public benefit guidance published by the Charity Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The church is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation, company number CE017081, a charity registered as a body corporate under part 11 of the Charities Act 2011. It is also governed by the rules of the London Baptist Association
Page 3
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The pastor and deacons of the Church are the Charity Trustees and are responsible for the governance of the Church and the fulfilment of the purposes through its activities acting according to the will of God as discerned by the Church Members' meetings. The Church's organizational structure and the procedure for the appointment of the leadership are specified in the Church constitution. This constitution was approved by the Church meeting and can only be altered by a resolution of a Special Church Members' Meeting.
Wider network
Surbiton New Life Baptist Church is part of the wider network of Baptist Churches in the UK.
Risk management
The Charity Trustees are aware of the need to examine the major financial, strategic, and operational risks faced by the Church. We confirm that systems have been established so that necessary steps can be taken to manage and mitigate those risks..
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1182820
Principal address
6 Langley Road Surbiton Surrey KT6 6QJ
Trustees
Mrs A Miller Church Secretary (resigned 31.7.22) N Jones Retired (resigned 31.7.22) D Hankin Retired (resigned 15.6.22) Dr J Orton General Practitioner (appointed 31.7.22) Mrs C Stevenson Retired (resigned 31.7.22) J Waters Retired Rev R Asante Pastor Mrs D C Townsley Trustee J Oosthuizen (appointed 31.7.22) Ms V Bagley (appointed 31.7.22)
Independent Examiner
Mary E Ryan Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
Solicitors
Anthony Collins 134 Edmund Street Birmingham B3 2ES
Page 4
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS
Minister
Rev Richard Asante
Secretary John Waters
Approved by order of the board of trustees on 28 January 2024 and signed on its behalf by:
Rev R Asante - Trustee
Page 5
Independent Examiner's Report to the Trustees of SURBITON NEW LIFE BAPTIST CHURCH
Independent examiner's report to the trustees of SURBITON NEW LIFE BAPTIST CHURCH
I report to the charity trustees on my examination of the accounts of SURBITON NEW LIFE BAPTIST CHURCH (the Trust) for the year ended 31 March 2023.
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.
Mary E Ryan
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
29 January 2024
Page 6
SURBITON NEW LIFE BAPTIST CHURCH
Statement of Financial Activities
for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Property - Langley Road Property- Balaclava Road Property - Northcote Avenue Ministerial Mission/The Well Fellowship Fund Support costs Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 56,445 60,405 116,850 16,932 16,357 4,807 16,300 11,003 - 16,863 82,262 34,588 2,680,217 2,714,805 |
Restricted fund £ - - - - - - - - - - - - - - |
31.3.23 Total funds £ 56,445 60,405 116,850 16,932 16,357 4,807 16,300 11,003 - 16,863 82,262 34,588 2,680,217 2,714,805 |
31.3.22 Total funds £ 57,495 45,315 |
|---|---|---|---|---|
| 102,810 | ||||
| 19,855 12,680 10,873 16,827 1,532 555 38,392 |
||||
| 100,714 | ||||
| 2,096 2,678,121 |
||||
| 2,680,217 |
The notes form part of these financial statements
Page 7
SURBITON NEW LIFE BAPTIST CHURCH
Balance Sheet
31 March 2023
| Notes FIXED ASSETS Tangible assets 6 Investment property 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
Unrestricted funds £ 3,115 2,700,000 2,703,115 14,177 20,413 34,590 (22,900) 11,690 2,714,805 2,714,805 |
Restricted fund £ - - - - - - - - - - |
31.3.23 Total funds £ 3,115 2,700,000 2,703,115 14,177 20,413 34,590 (22,900) 11,690 2,714,805 2,714,805 2,714,805 2,714,805 |
31.3.22 Total funds £ 2,036 2,700,000 2,702,036 4,815 35,926 40,741 (62,560) (21,819) 2,680,217 2,680,217 2,680,217 2,680,217 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2024 and were signed on its behalf by:
R Asante - Trustee
The notes form part of these financial statements
Page 8
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements for the Year Ended 31 March 2023
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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 50% on cost and 20% on cost
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. INVESTMENT INCOME
| Rents received Deposit account interest 3. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' pension contributions to money purchase schemes Trustees' expenses One trustee was reimbursed expenses of £132 in the year (2022 £225) 4. STAFF COSTS The average monthly number of employees during the year was as follows: Minister Cleaner No employees received emoluments in excess of £60,000. 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 57,495 Investment income 45,315 Total 102,810 EXPENDITURE ON Charitable activities Property - Langley Road 19,855 Property- Balaclava Road 12,680 Property - Northcote Avenue 10,873 Ministerial 16,827 Mission/The Well 1,532 Fellowship Fund 555 Support costs 38,392 Total 100,714 |
31.3.23 £ 60,405 - 60,405 31.3.23 £ 31,343 1,258 32,601 31.3.23 1 - 1 Restricted fund £ - - - - - - - - - - - |
31.3.22 £ 45,310 5 45,315 31.3.22 £ 25,230 6,739 31,969 31.3.22 1 1 2 Total funds £ 57,495 45,315 |
||
|---|---|---|---|---|
| 102,810 | ||||
| 19,855 12,680 10,873 16,827 1,532 555 38,392 |
||||
| 100,714 |
continued...
Page 10
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 7. INVESTMENT PROPERTY FAIR VALUE At 1 April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 Fair value at 31 March 2023 is represented by: Valuation in 2023 |
Unrestricted funds £ 2,096 2,678,121 2,680,217 Plant and machinery £ 7,511 1,063 8,574 5,475 2,130 7,605 969 2,036 |
Restricted fund £ - - - Fixtures and fittings £ 6,322 2,412 8,734 6,322 266 6,588 2,146 - |
Total funds £ |
|
|---|---|---|---|---|
| 2,096 2,678,121 |
||||
| 2,680,217 | ||||
| Totals £ 13,833 3,475 17,308 11,797 2,396 14,193 3,115 2,036 £ 2,700,000 2,700,000 2,700,000 £ 2,700,000 |
||||
continued...
Page 11
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 10) Trade creditors Other creditors 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts Bank loans 11. MOVEMENT IN FUNDS Net movement At 1.4.22 in funds £ £ Unrestricted funds General fund (40,578) (9,952) Property - Langley Road 940,288 43,168 Property - Balaclava Road 1,008,951 33,210 Property - Northcote Avenue 768,801 (4,535) Ministerial - (16,300) Mission/The Well - (11,003) Tots & Carers 2,609 - Fellowship Fund 146 - 2,680,217 34,588 TOTAL FUNDS 2,680,217 34,588 |
31.3.23 £ 6,667 7,297 213 14,177 31.3.23 £ 22,000 - 900 22,900 31.3.23 £ - 22,000 22,000 Transfers between funds £ 58,455 (32,085) (61,652) 10,734 16,300 11,003 (2,609) (146) - - |
31.3.22 £ 3,570 385 860 4,815 31.3.22 £ 59,482 2,178 900 62,560 31.3.22 £ 26,482 33,000 59,482 At 31.3.23 £ 7,925 951,371 980,509 775,000 - - - - |
|---|---|---|
| 2,714,805 | ||
| 2,714,805 |
continued...
Page 12
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Mission/The Well TOTAL FUNDS |
Incoming resources £ 6,911 60,100 49,567 272 - - 116,850 116,850 |
Resources Movement expended in funds £ £ (16,863) (9,952) (16,932) 43,168 (16,357) 33,210 (4,807) (4,535) (16,300) (16,300) (11,003) (11,003) (82,262) 34,588 (82,262) 34,588 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Mission/The Well Tots & Carers Fellowship Fund TOTAL FUNDS |
At 1.4.21 £ (33,892) 952,708 976,321 779,674 - - 2,609 701 2,678,121 2,678,121 |
Net movement in funds £ 11,673 (12,420) 32,630 (10,873) (16,827) (1,532) - (555) 2,096 2,096 |
Transfers between funds £ (18,359) - - - 16,827 1,532 - - - - |
At 31.3.22 £ (40,578) 940,288 1,008,951 768,801 - - 2,609 146 2,680,217 2,680,217 |
|---|---|---|---|---|
continued...
Page 13
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Mission/The Well Fellowship Fund TOTAL FUNDS |
Incoming resources £ 50,065 7,435 45,310 - - - - 102,810 102,810 |
Resources Movement expended in funds £ £ (38,392) 11,673 (19,855) (12,420) (12,680) 32,630 (10,873) (10,873) (16,827) (16,827) (1,532) (1,532) (555) (555) (100,714) 2,096 (100,714) 2,096 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
Remuneration of £31,343 was paid to one trustee in the year (2022 £25,230).
Donations totalling £11,154 were received from 5 trustees in the year
Page 14
SURBITON NEW LIFE BAPTIST CHURCH
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts & collections | 10,767 | 9,794 |
| Donations | 12,224 | 11,874 |
| Gift aided donations & refunds | 33,454 | 35,327 |
| Grants | - | 500 |
| 56,445 | 57,495 | |
| Investment income | ||
| Rents received | 60,405 | 45,310 |
| Deposit account interest | - | 5 |
| 60,405 | 45,315 | |
| Total incoming resources | 116,850 | 102,810 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trustees' salaries | 15,671 | 12,615 |
| Trustees' pension contributions | 629 | 3,399 |
| Pulpit expenses | 388 | 425 |
| Travel & subsistence | - | 104 |
| Outreach Facilitation | 3,360 | - |
| Premises expenses | 1,568 | 15,225 |
| Youth facilitation | - | 900 |
| Grants to institutions | 6,688 | 1,300 |
| Grants to individuals | 955 | 867 |
| 29,259 | 34,835 | |
| Support costs | ||
| Management | ||
| Trustees' salaries | 15,672 | 12,615 |
| Trustees' pension contributions | 629 | 3,340 |
| Wages | - | 6,619 |
| Pensions | - | 577 |
| Rates and water | 2,746 | 1,482 |
| Insurance | 4,887 | 4,521 |
| Light and heat | 6,111 | 8,614 |
| Telephone | 2,755 | 2,649 |
| Postage and stationery | 79 | 249 |
| Sundries | 570 | - |
| Repairs & renewals | 3,249 | 12,279 |
| Cleaning | 7,497 | 6,637 |
| Motor, travel & subsistence | 1,984 | 546 |
| Carried forward | 46,179 | 60,128 |
This page does not form part of the statutory financial statements
Page 15
SURBITON NEW LIFE BAPTIST CHURCH
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Management | ||
| Brought forward | 46,179 | 60,128 |
| Books & subscriptions | 2,324 | 1,455 |
| Computer costs | 234 | 689 |
| Training | 1,345 | - |
| Advertising | - | 599 |
| Professional fees | - | 654 |
| Plant & machinery depreciation | 2,131 | 1,878 |
| Fixtures & fittings deprec'n | 266 | - |
| 52,479 | 65,403 | |
| Finance | ||
| Bank charges | - | (744) |
| Governance costs | ||
| Accountancy fees | 640 | 620 |
| Bookkeeping fees | (116) | 600 |
| 524 | 1,220 | |
| Total resources expended | 82,262 | 100,714 |
| Net income | 34,588 | 2,096 |
This page does not form part of the statutory financial statements
Page 16