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2022-06-30-accounts

Avon Needs Trees

Charity No. 1184386

Trustees' Report and Unaudited Accounts

30 June 2022

Avon Needs Trees Contents

Pages
Trustees' Annual Report 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9
Notes to the Accounts 10 to 17
Detailed Statement of Financial Activities 18 to 19

Page 1

Avon Needs Trees Trustees Annual Report

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1184386

Registered Office

1-3 Gloucester Road Bishopston Bristol BS7 8AA

Trustees

The following Trustees served during the year:

C.L. Bedford T. Castle A. Chester J. Chew M. Funnell (Appointed 23 May 2022) S. Hales N.A. Jones (Resigned 26 July 2021) A. Mullett (Resigned 10 May 2022) N.J.A. Murry A.G. Spittlehouse

Key Management Personnel

Chair M. Funnell Director D. Wood

Accountants

Magic Bean Counters Limited Unit 7, The Old Co-op 38 Chelsea Road Bristol BS5 6AF

OBJECTIVES AND ACTIVITIES

The objects of Avon Needs Trees (“ANT”) are:

1) The conservation, protection and improvement of the physical and natural environment for the public benefit by the establishment and maintenance of trees, woodland and complementary habitats in such areas within the Bristol-Avon catchment area as the trustees shall determine.

2) To advance the education of the public in the conservation, protection and improvement of the physical and natural environment including by promoting woodlands as a means for the public to learn about wider environmental issues such as: sustainability, climate change, ecology and the mitigating need for trees.

Page 2

Avon Needs Trees Trustees Annual Report

VOLUNTEERS

ANT had over 500 volunteers during the year and is most grateful for the immense contribution that they make; without them ANT would not exist. As part of the NLHF conditions for grant funding, volunteer time is recorded. At Hazeland from 30th June 2021 to 30th June 2022 we have recorded: 190 hrs of Professional time, costed at £50/hr, 1,110 hrs of Skilled time at £20/hr, and 2216 hrs of Volunteer time at £10/hr, which equates to a value of £52,748. At Pudding Brook Wood (nee Stanley Lane) over the same period volunteers gave 448 hours of Skilled time and 3294 hours of Volunteer time. This equates to £41,900.

ACHIEVEMENTS AND PERFORMANCE

In April 2019 Avon Needs Trees was set up with the intention of buying land in the Bristol-Avon Catchment Area to create new, permanent woodland through reforesting and rewilding. Our operational objectives are to lock up carbon, improve biodiversity, create natural flood management and to provide public amenity space for the local community.

Following the establishment of Hazeland in 2020/21 – a National Lottery Heritage funded project delivering public engagement to December 2023 – ANT secured a site at Stanley Lane, close to Chippenham in Wiltshire. An offer of £198,000 was accepted on the land on 31st May 2021 and purchase completed that November. The six hectare site was ideally located alongside the Chippenham to Calne foot and cycle path, allowing volunteers to travel actively and allowing the local population to benefit from a picnic and interpretation area created just off the path.

Grants were made by the Great Western Community Forest and OneTreePlanted to cover many of the establishment costs and by the People’s Postcode Lottery Trust to cover overhead costs. 500 volunteers engaged in the planting of nearly 10,000 native broadleaf trees at the new Pudding Brook Wood, alongside a further 2,000 trees planted at Hazeland.

During 2021/22 ANT appointed a new Chair, Mark Funnell, who is Campaigns and Communications Director of the National Trust and brings useful experience to our Trustee Board. Mark served an induction period from 28/3/22 and was appointed Chair on 23/5/22.

FINANCIAL REVIEW

This year was an important one for investment and consolidation for ANT, ahead of expansion and growth in the year to come, with staff employed from grants received the previous year to prepare ANT for sustainable growth. Fundraising for the year totalled £219,714 (2021: £335,117) as ANT secured grant funds, corporate and individual donations towards the purchase and establishment of Pudding Brook Wood. Most ANT fundraising is linked to land projects in the form of individual, grant and corporation donations. 2020/21 saw fundraising both for the establishment of Hazeland and also for the purchase of the next site. In 2021/22 ANT successfully fundraised for the establishment of Pudding Brook Wood. Fundraising reduced after this establishment, as the changing land market meant that ANT did not have the next land purchase lined up as early as the previous year. In the three weeks since the end of 2021/22 we have made an offer on our next land purchase, which has been accepted, and we already have in principle agreement of a substantial grant to purchase the land.

At the end of the period there was a surplus of £264,313 carried forward in unrestricted/undesignated funds to fund our next land purchase, £29,049 carried forward in restricted funds for the continuing Hazeland project, and a total of £523,000 in funds held in land. Total funds amounted to £816,362.

Page 3

Avon Needs Trees

Trustees Annual Report

The Trustees have revised the Reserves Policy after undertaking a review of ANT’s full cost recovery budgets and assessed reserve needs. The new reserves policy identified restricted funds: currently comprising grants funded for a specified purpose. This includes applications for staff funds and project and maintenance costs for Hazeland and Pudding Brook Wood. A small level of designated reserves are set aside to cover any discharge of responsibility for office space, contractor commitments and any fixed-term staff costs that are not covered by restricted grant funds. The remaining unrestricted reserves are primarily for the next land purchase.

Going concern - after making appropriate enquiries, the Trustees have a reasonable expectation that ANT has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.

PLANS FOR FUTURE PERIODS

ANT scopes the market for land each month, assessing prospects against suitability criteria for woodland creation. ANT enters the financial year with £264,313 unrestricted/undesignated reserves, mainly for the next land purchase, and has identified land close to Bristol that they hope to secure for the next planting season.

ANT’s trustees are keen to expand the impact of the charity from planting one woodland each year to planting several. Land prices and pace of fundraising may not allow multiple land purchases each year, so ANT is actively talking to potential land partners. These partners would allow ANT to create woodland on their land and maintain it in the long-term. As permanence is a guiding principle for the charity, trustees seek a guarantee of permanence from such land partners such as maintenance contracts, long-leases or conservation covenants to ensure the woodlands continue to provide benefit in the decades to come.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution – ANT is a Charitable Incorporated Organisation (CIO), formed in April 2019 and registered as a charity in July 2019. The affairs of ANT are governed by its Constitution which established the objects and powers of ANT. In the event of the charity being wound up the trustees have no liability for its debts.

Appointment of Trustees - the governance of ANT is the responsibility of the Trustees who are appointed under the terms of the Constitution. Trustees remain in post until they retire or otherwise cease under the provisions of the Charity constitution, and new Trustees are elected by the Trustees then in post.

Organisational structure and decision-making policies - in common with most small charities the organisational structure is flat and kept simple, the Trustees making key decisions at regular monthly Trustee Board meetings and also at ad hoc meetings as required. As the charity has grown and raised funds to employ staff many of the trustees decisions are delegated to the Director, appointed in May 2021, to implement and bring further recommendations. The Director acts as line manager for the newly appointed Administration and Publicity Officer, the Hazeland Project Co-ordinator and contractors.

Risk Management policy – The Trustees have identified the potential risks to ANT and ranked them according to likelihood and severity. For each risk they have identified mitigation and a responsible person, and the risk register is reviewed at every regular meeting of the Trustees.

Public Benefit - the Trustees have reviewed the Charity Commission's guidance on the requirement to report on public benefit. They are satisfied that the work of ANT, as described above, accords with its stated objects and provides tangible public benefit to an appropriate section of those who reside within ANT's area of benefit.

Page 4

Avon Needs Trees Trustees Annual Report

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the board

M. Funnell Trustee 22 July 2022

Page 5

Avon Needs Trees Independent Examiners Report

Independent Examiner's Report to the trustees of Avon Needs Trees

I report to the charity trustees on my examination of the financial statements of Avon Needs Trees for the year ended 30 June 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

Ryan Corkery Association of Chartered Certified Accountants Magic Bean Counters Limited Unit 7, The Old Co-op 38 Chelsea Road Bristol BS5 6AF 22 July 2022

Page 6

Avon Needs Trees Statement of Financial Activities

for the year ended 30 June 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains on investments
Net income
10
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
45,047
50,000
520
-		 Restricted
funds
2022
£
124,147
-
-
-		 Total funds
2022
£
169,194
50,000
520
-		 Total funds
2021
£
331,970
-
156
2,992
95,567
1,480
2,415
49,049		 124,147
-
65,930
50,689		 219,714
1,480
68,345
99,738		 335,118
250
14,851
62,804
52,944
-		 116,619
-		 169,563
-		 77,905
-
42,623
(15,882)		 7,528
15,882		 50,151
-		 257,213
-
26,741 23,410 50,151 257,213
26,741
409,056		 23,410
357,155		 50,151
766,211		 257,213
508,998
435,797 380,565 816,362 766,211

Page 7

Avon Needs Trees Summary Income and Expenditure Account

for the year ended 30 June 2022

Income
Interest and investment income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2022
£
219,194
520
219,714
169,563
169,563
50,151
50,151		 2021
£
334,962
156
335,118
77,905
77,905
257,213
257,213

Page 8

Avon Needs Trees Balance Sheet

at 30 June 2022

Company No.
CE018181
Notes
2022
£
Fixed assets
Tangible assets
13
523,000
523,000
Current assets
Debtors
14
35,343
Cash at bank and in hand
269,804
305,147
Creditors:Amount falling due within one year
15
(11,785)
Net current assets
293,362
Total assets less current liabilities
816,362
Net assets excluding pension asset or liability
816,362
Total net assets
816,362
The funds of the charity
Restricted funds
16
Restricted income funds
380,565
380,565
Unrestricted funds
16
General funds
264,313
Designated funds
171,484
435,797
Reserves
16
Total funds
816,362		 2021
£
325,000
325,000
48,020
402,878
450,898
(9,687)
441,211
766,211
766,211
766,211
357,155
357,155
409,056
-
409,056
766,211

Approved by the board on 22 July 2022

And signed on its behalf by:

M. Funnell Trustee 22 July 2022

Page 9

Avon Needs Trees Notes to the Accounts

for the year ended 30 June 2022

Basis of preparation

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 1 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.

The charity is a public benefit entity.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 10

Avon Needs Trees Notes to the Accounts

Expenditure

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 0% Held at cost

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 11

Avon Needs Trees

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Investments
Other
Total
Expenditure on:
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Individual donations
Corporate donations
Grants
4
Income from charitable activities
Establishment and
maintenance of woodland		 Unrestricted
£
34,618
9,571
858
45,047		 Unrestricted
funds
2021
£
251,980
155
2,992
255,127
51,179
51,179
203,948
203,948
203,948
205,108
409,056
Restricted
£
12,000
18,645
93,502
124,147
Unrestricted
£
50,000
50,000		 Restricted
funds
2021
£
79,990
-
-
79,990
26,724
26,724
53,266
53,266
53,266
303,889
357,155
Total
2022
£
46,618
28,216
94,360
169,194
Total
2022
£
50,000
50,000		 Total funds
2021
£
331,970
155
2,992
335,117
77,903
77,903
257,214
257,214
257,214
508,997
766,211
Total
2021
£
121,406
61,351
149,213
331,970
Total
2021
£
-
-

Page 12

Avon Needs Trees Notes to the Accounts

5 Income from investments

Bank interest
6
Other income
Event income
7
Expenditure on raising funds
Costs of generating voluntary income
Fundraising expenditure
8
Expenditure on charitable activities
Expenditure on charitable
activities
Establishment and
maintenance of woodland
Repair and conservation
work
Governance costs
Independent examiner's fees
- current year
Independent examiner's fees
- underprovided in prior year		 Unrestricted
£
135
-
1,440
840
2,415		 Unrestricted
£
520
520
Unrestricted
£
1,480
1,480
Restricted
£
63,583
2,347
-
-
65,930		 Total
2022
£
520
520
Total
2022
£
-
-		 Total
2021
£
156
156
Total
2021
£
2,992
2,992
Total
2022
£
1,480
1,480
Total
2022
£
63,718
2,347
1,440
840
68,345		 Total
2021
£
250
250
Total
2021
£
4,206
9,973
-
672
14,851

Page 13

Avon Needs Trees Notes to the Accounts

9 Other expenditure

9 Other expenditure
Unrestricted Restricted Total Total
2022 2021
£ £ £ £
Publicity and promotion 5,026 3,000 8,026 314
Event costs - 2,108 2,108 332
Employee costs 38,217 32,945 71,162 43,531
Motor and travel costs 778 2,243 3,021 1,945
Premises costs 1,868 832 2,700 116
General administrative costs 3,160 2,764 5,924 3,544
Legal and professional costs - 6,797 6,797 13,022
49,049 50,689 99,738 62,804
10 Net income before transfers
2022 2021
This is stated after charging: £ £
Independent Examiner's fee 2,280 672
11 Trustee remuneration and expenses
One trustee was paid remuneration in the prior period: N. Jones received £18,531 for project
management, administration and bookkeeping services prior to the recruitment of a staff member to
fulfil these duties. None of the trustees have been paid any remuneration in the current period.
One or more of the trustees has been paid expenses in the current or prior periods.
2022 2021
Number Number
Number of trustees paid expenses 2 5
The nature of the reimbursed expenses: All expenses are in respect of travel
£ £
Total expenses reimbursed to trustees 1,467 1,409

The charity has also purchased Trustee Indemnity Insurance cover.

Page 14

Avon Needs Trees Notes to the Accounts

12 Staff costs

Staff costs
Salaries and wages
Pension costs		 2022
57,250
946
58,196		 2021
2,333
-
2,333

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

Operations 2022
Number
3
3		 2021
Number
1
1

The charity operates a defined contribution pension scheme.

13 Tangible fixed assets

Cost or revaluation
At 1 July 2021
Additions
At 30 June 2022
Net book values
At 30 June 2022
At 30 June 2021
14 Debtors
Other debtors
Prepayments and accrued income
15 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals		 2022
£
2,827
32,516
35,343
2022
£
6,841
2,935
569
1,440
11,785		 Land and
buildings
£
325,000
198,000
523,000
523,000
325,000		 Total
£
325,000
198,000
523,000
523,000
325,000
2021
£
209
47,811
48,020
2021
£
3,976
711
-
5,000
9,687

Page 15

Avon Needs Trees Notes to the Accounts

16 Movement in funds

16 Movement in funds
At 1 July
2021
307,515
49,640
-
-
357,155
409,056
-
-
766,211		 Incoming
resources
(including
other
gains/losses)
£
-
5,500
44,001
74,646
124,147
95,567
-
-
219,714		 Resources
expended
£		 Gross
transfers
£
-
13,985
-
1,897
15,882
(187,366)
171,484
171,484
-		 At 30 June
2022
£
307,515
29,049
44,001
-
Restricted funds:
Restricted income funds:
Hazeland - purchase
Hazeland - operation and
infrastructure
Stanley Lane - purchase
Stanley Lane - operation and
infrastructure
Total
Unrestricted funds:
General funds
Designated funds:
General funds held in land
Total
Total funds
-
(40,076)
-
(76,543)
(116,619)
(52,944)
-
-
(169,563)
380,565
264,313
171,484
171,484
816,362

Purposes and restrictions in relation to the funds:

Restricted funds: Hazeland - purchase To purchase the site known as Hazeland Hazeland - operation and To establish and maintain the woodland at Hazeland infrastructure Stanley Lane - purchase To purchase the site known as Stanley Lane Stanley Lane - operation and To establish and maintain the woodland at Stanley Lane infrastructure Designated funds: General funds held in land To represent value of unrestricted funds used in land purchase

17 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
171,484
264,313
435,797		 Restricted
funds
£
351,516
29,049
380,565		 Total
£
523,000
293,362
816,362

Page 16

Avon Needs Trees Notes to the Accounts

18 Reconciliation of net debt

Cash and cash equivalents
Net debt		 At 1 July
2021
£		 Cash flows
£		 At 30 June
2022
£
402,878 (133,074) 269,804
402,878
402,878		 (133,074)
(133,074)		 269,804
269,804
19 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2022
2022
Land and buildings
Other
£
£
Operating leases with expiry date:
Pension commitments
2022
£
The pension cost charge to the company
amounted to:
946
Unpaid contributions due to the fund are
included in other creditors and amounted to:
569
20 Related party disclosures
Name of related party
D. Wainwright
Description of relationship
between the parties
Close family member of the trustee N. Jones
Description of transaction
and general amounts
involved
The party received remuneration for
administrative services of £Nil (2021:£7,449)		 2021
Land and buildings
£		 2021
Other
£
2021
£
-
-

There were no other related party transactions in the reporting period that require disclosure.

Page 17

Avon Needs Trees

Detailed Statement of Financial Activities

for the year ended 30 June 2022

Income and endowments from:
Donations and legacies
Individual donations
Corporate donations
Grants
Charitable activities
Establishment and maintenance of
woodland
Investments
Bank interest
Other
Event income
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Individual donations
Total of expenditure on raising
funds
Charitable activities
Establishment and maintenance of
woodland
Repair and conservation work
Governance costs
Independent examiner's fees -
current year
Independent examiner's fees -
underprovided in prior year
Total of expenditure on charitable
activities
Other expenditure		 Unrestricte
d funds
2022
£
34,618
9,571
858
45,047
50,000
50,000
520
520
-
-
95,567
1,480
1,480
1,480
135
-
135
1,440
840
2,280
2,415		 Restricted
funds
2022
£
12,000
18,645
93,502
124,147
-
-
-
-
-
-
124,147
-
-
-
63,583
2,347
65,930
-
-
-
65,930		 Total funds
2022
£
46,618
28,216
94,360
169,194
50,000
50,000
520
520
-
-
219,714
1,480
1,480
1,480
63,718
2,347
66,065
1,440
840
2,280
68,345		 Total funds
2021
£
121,406
61,351
149,213
331,970
-
-
156
156
2,992
2,992
335,118
250
250
250
4,206
9,973
14,179
-
672
672
14,851

Page 18

Avon Needs Trees

Detailed Statement of Financial Activities

Publicity and promotion
Event costs
Employee costs
Salaries/wages
Pension costs
Staff recruitment
Staff training
Temporary staff
Motor and travel costs
Travel and subsistence
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Equipment expensed
General insurances
Sundry expenses
Legal and professional costs
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 5,026
-
5,026
34,500
946
175
-
2,596
38,217
778
778
1,868
1,868
103
700
2,357
3,160
-
-
49,049
52,944
-
42,623
(15,882)
26,741
-
26,741
409,056
435,797		 3,000
2,108
5,108
22,750
-
-
266
9,929
32,945
2,243
2,243
832
832
2,745
-
19
2,764
6,797
6,797
50,689
116,619
-
7,528
15,882
23,410
-
23,410
357,155
380,565		 8,026
2,108
10,134
57,250
946
175
266
12,525
71,162
3,021
3,021
2,700
2,700
2,848
700
2,376
5,924
6,797
6,797
99,738
169,563
-
50,151
-
50,151
-
50,151
766,211
816,362		 314
332
646
2,333
-
672
345
40,181
43,531
1,945
1,945
116
116
3,169
-
375
3,544
13,022
13,022
62,804
77,905
-
257,213
-
257,213
-
257,213
508,998
766,211

Page 19