Take A Part CIO Charity No. 1192298 Company No. Trustees, Report and Unaudited Accounts 31 March 2025
Take A Part CIO Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to5 Summary Income and Expenditure Account Balance Sheet Statement of Cash flows io Notes to the Accounts Ilto20 Detailed Statement of Financial Activities 21to22 Page I
Take A Part CIO Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. Charity No. 1192298 Registered OFfice CIO Karst 22 George Place Plymouth Devon PLI 3NY Directors and Trustees The Directors of the charitable company are it5 Trustee5 for the purposes of Charity law. The following Directors and Trustees served during the year: S. Bowden (Resigned 13 January 20251 N. Daley H. Duffy R. Holly-Nambi C.S. Hope G. Kennedy G.M. Leahy Z. Li (Resigned 13 January 20251 J. McGuine5S J.C. Moreton K.M. Pilkington Key Management Personnel Chair Joint CEO Dr Gerard Mark Leahy Kim Wide & Anneliese Kesteven Accountants Precise Accountants Ltd Unit 4 Seaton Park 36 William Prance Road Derriford Plymouth PL6 5WR Page 2
Take A Part CIO Trustees Annual Report OBJECTIVES AND ACTIVITIES The purpose of the charity as set out in its governing document is to promote, maintain, improve and advance education and appreciation of the arts in all forms in particular, but not limited to, the provision of community arts projects led by community engagement in Plymouth and the wider South West region. The main activities undertaken in relation to those purposes are below.. Community Arts Projects and Commissions Working with communities that have historically and systemically been underserved, we use creativity to collaborate with communitie5 to set ambitions, build skills and make p051tive changes to how a community looks, feels and operates together for their future. These projects.. Reduce social isolation Support environmental action Celebrate and share heritage and local identities Explore community decision making and cultural democracy Build employment and enterprise opportunities Create local neighbourhood strategies and partnerships Create an appetite for contemporary culture We work with people who may not normally access or have the opportunities to access arts and culture of all age ranges in projects that are devised and delivered by them. They set the ambitions, the budgets and the briefs for all the work and then work alongside us to monitor and develop projects (such as asset based community development mapping projects, social enterprise work, treating art in the public realm ettl. Sector Development.. Historically, we have centred this work in Plymouth. We take the learning from these approaches and know how to work in a community-first approach to culture and we share and amplify them to the rest of the cultural sector so we can support more community-embedded and led cultural practices. We are then able to KNOW what communities want and deserve and work through various models to share ethical and good practices with the wider cultural and community sectors of the UK so we can ensure that more communities shape cultural futures in the country for themselves. Consultancy- Working as Critical Friends, developing commissioning projects and programmes that support new ways of working. Thought Leadership- Speaking at Conferences and events, giving strategic sUPPOrt and taking part in wider discussions with funders, investors and policy makers shaping the future of community arts in the country. Talent Development- Mentoring, running online training and short courses that ensure that more people have the capacity and understanding to work with creativity on community-building. We support those interested in community arts to Upskill via a range of activities such as our flagship Social Making symposium, consulting, mentoring and advice, Social Learning and via placements and smaller commissions. Page 3
Take A Part CIO Trustees Annual Report ACHIEVEMENTS AND PERFORMANCE Community Arts Projects and Commissions- East End Arts Action Group - Convening community members and local agencies Ipolice, education, health, local authority, youth services) to work collectively to create local strategies for creative change. Happier Green Spaces- A 2-year programme engaging residents who are isolated and lonely to work with nature and mapping on a toolkit for new residents to the city of Plymouth (with Age UK, Scrapstore and ODILSI. Democratising Archives - Working with communities in Plymouth not normally recognised in museum archives and exploring opportunities to understand how best to collect and create community archives. Crazy Glue Working with vulnerable families across schools in Plymouth to support more engagement in education and local services. Ocean City Influencers- Working with local 11-17 year olds on a programme of ocean climate justice and digital calls to action supporting more awareness, leadership and skills development. Sector Development.. Consultancy with Royal Academy of Dance, Canals and Rivers Trust, Local Trust, Birmingham Museums Trust, Engage etc. Soci31 Making 2024- A 2 day international biennial symposium dedicated to socially engaged arts prartices held in Bristol. Social Learnings - A series of online digital workshops on approaches to Socially Engaged and Community Arts. FINANCIAL REVIEW Free Reserve Polity Take a Part CIO'S free reserves policy states that the organisation's free reserves should be equal to or greater than the tot313mount owed to staff in the event of redundancy, plus an additional £5,000 for leg31 expenses related to the redundancy process. At year-end, the free reserve target for redundancy and legal costs was £33,415. The charity held £29,648 in unrestricted funds as of 31 March 2025, which falls short of the required free reserve target. The trustees acknowledge this deficit and are satisfied that the management team has a suitable financial plan to replenish the free reserves within the current financial year. The free reserve target is regularly reviewed to ensure it aliEns with the organisation's evolving staffing needs. The charitys restricted reserves amounted to £112,139 at year-end. The combined total of restricted and unrestricted reserves stood at £141,787 as of 31 March 2025, compared to £95,467 on 31 March 2024 reflecting a stronger financial position at the balance sheet date. The restricted funds are allocated to specific projects, with bLJdget lines SLJPPOrting staff costs in the current financial year. Page 4
Take A Part CIO Trustees Annual Report 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 Companies Act 2006. 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. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. Signed on behalf of the board G.M. Leahy Trustee 30 June 2025 Page 5
Take A Part CIO Independent Examiners Report Independent Examiner's Report to the trustees of Take A Part CIO I report to the charity trustees on my examination of the financial statements of Take A Part CIO for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charitie5 Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of FCCA, which is one of the listed bodies. 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.. accounting records were not kept in accordance with section 386 of the 2006 Act,. or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination,. or the financial statements 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. Lee james Hardacre FCCA Precise Accountants Ltd Unit 4 Seaton Park 36 William Prance Road Derriford Plymouth PL6 5WR 30 June 2025 Page 6
Take A Part CIO Statement of Financial Artivities for the year ended 31 March 2025 Unrestrirted funds Restricted funds Total fund5 Total funds 2025 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities 18,234 96,560 18,005 18,234 313,528 18,005 17,988 259,754 27,140 216,968 Total 132,799 216,968 349,767 304,882 Expenditure on: Raising funds Other 4,600 260,899 184,813 118,634 303,447 Total 184,813 118,634 303,447 265,499 Net gains on investments Net income 152,0141 98,334 46,320 39,383 Transfers between funds Net Income before other gainsl{1055esl 152,0141 98,334 46,320 39,383 Other galns and losses Net movement in funds 152,0141 98,334 46,320 39,383 Reconciliation of funds: Total funds brought forward 81,662 13,805 95,467 56,084 Total fund5 carried fonvard 29,648 112,139 141,787 95,467 Page 7
Take A Part CIO Summary Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Income 349,767 304,882 Gross income for the year Expenditure 349,767 304,882 302,717 264,730 Interest payable Depreciation and charge5 for impairment of fixed assets 730 768 Total expenditure for the year 303,447 265,499 Net income before tax for the year 46,320 39,383 Net income for the year 46,320 39,383 Page 8
Take A Part CIO Balance Sheet at 31 March 2025 Company No. Notes 2025 2024 Flxed assets Tangible assets Investments li 2,064 2,575 12 2,065 2,576 Current assets Debtors 13 23,662 117,632 141,294 11,5721 139,722 24,675 89,482 114,157 121,2661 92,891 Cash at bank and in hand Creditors: Amount falling due within one year 14 Net current assets Total assets less current liabilities 141,787 95,467 Net assets excludlng penslon asset or Ilablllty 141,787 95,467 Total net 3S5ets 141,787 95,467 The funds of the charity Restrirted funds Restricted income funds 15 112,139 112,139 13,805 13,805 Unrestricted funds General funds 15 29,648 81,662 29,648 81,662 Reserves 15 Total funds 141,787 95,467 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under sertion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 30 lune 2025 And signed on its behalf bv: G.M. Leahy Trustee 30 June 2025 Page 9
Take A Part CIO Statement of Cash flows for the year ended 31 March 2025 2025 2024 Cash flows from operating activities Net income per Statement of Financial Activities 46,320 39,383 Adlustments for: Depreciation of property, plant and equipment Other Eainsllosses Decrease in trade and other receivables Decrease in trade and other payables 730 768 1,013 119,6941 2,677 16,5441 Net cash provided by operating artivities 28,369 36,284 Cash flows from investing activities Payments for property, plant and equipment 12191 11,2251 Net cash used In Investlng artSvltSes 12191 11,2251 Net cash from flnanclng actlvltles Net increase in cash and cash equivalents 28,150 35,059 Cash and cash equivalents at the beginning of the year 89,482 49,065 Cash and cash equivalents at the end of the year 117,632 84,124 Components of cash and cash equivalents Cash and bank balances 117,632 89,482 117,632 89,482 Page 10
Take A Part CIO Notes to the Accounts for the year ended 31 March 2025 l Accounting policies 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 IFRS 1021 (effective I January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change in basis of accounting or to previous accounts There has been no change to the accounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earrnarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use Subject to restrictions imposed by the donor or throuEh terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities1SoFAI when the charity 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 expenditure Where income has related expenditure the income and related expenditure is reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity h35 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 Donated services and gift/donation to which it relates. These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help Investment income Gains/llossesl on revaluation of fixed The value of any volunteer help received is not included in the accounts. This is included in the accounts when receivable. This includes any gain or Ioss resulting from revaluing investments to market value at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 11
Take A Part CIO Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from corporation tax on its charitable activities. 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.. Fixtures and equipment 20% Straight line Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. 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 dep051ts 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 posltion, bank overdrafts are shown within borrowing5 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. Page 12
Take A Part CIO Notes to the Accounts 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 probablv 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. Foreign currencie5 Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. 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 obliEations. The contributions are recognised a5 expen5e5 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. Recelpt of donated goods, facllitles and servlces All donated goods, facilities and services received are recoEnised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. Page 13
Take A Part CIO Notes to the Accounts 3 Statement of Financial Activities- prior year Unrestricted funds Restricted funds Total funds 2024 2024 2024 Income and endowments from.. Donations and legacies Charitable activities Other trading activities Total 17,988 102,377 27,140 17,988 259,754 27,140 157,377 147,505 157,377 304,882 Expenditure on: Raising funds Other 4,600 4,600 260,899 101,771 159,128 Total 101,771 163,728 265,499 Net income 45,734 16,3511 39,383 Net income before other gainsl{105sesl Other galns and losses: Net movement in funds 45,734 16,3511 39,383 45,734 16,3511 39,383 Reconciliation of funds: Total funds brought forward Total funds carried forward 35,928 20,156 56,084 81,662 13,805 95,467 4 Income from donations and legacies Unrestricted Total Total 2025 2024 Donations 18,234 18,234 18,234 18,234 17,988 17,988 5 Income from charitable activities Unrestricted Restricted Total Total 2025 2024 Grants 96,560 96,560 216,968 216,968 313,528 313,528 259,754 259,754 Page 14
Take A Part CIO Notes to the Accounts 6 Income from other trading artivities Unrestrlrted Totsl Total 2025 2024 Fundraising activities 18,005 18,005 18,005 18,005 27,140 27,140 7 Expenditure on raising funds Totsl Total 2025 2024 Fundraising trading costs Fundraising activities 4,600 4,600 8 Other expenditure Unrestricted Restricted Totsl Total 2025 2024 Advertising and marketing costs Project, Workshop and event costs 15,575 15,575 9,974 19,788 77,803 97,591 72,340 Bank loan and overdraft interest payable Employee costs Motor and travel costs 126,507 34,431 160,937 158,333 6,363 6,363 9,774 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 730 730 768 5,142 10,709 5,142 17,109 5,108 4,601 Legal and professional costs 6,400 184,813 118,634 303,447 260,899 9 Net Income before transfers 2025 2024 This is stated after charging- Depreciation of owned fixed assets 10 Staff costs 730 768 2025 2024 Salaries and wages Social security costs Pension costs 146,761 9,393 3,423 159,577 141,690 6,439 2,474 150,603 No employee received emoluments in excess of £60,000. Page 15
Take A Part CIO Notes to the Accounts 11 Tangible fixed assets Fixtures and Total equipment Cost or revaluation At l April 2024 Additions At 31 March 2025 3,883 219 3,883 219 4,102 4,102 Depreciation and impairment At l April 2024 1,308 1,308 Depreciation charge for the year 730 730 At 31 March 2025 2,038 2,038 Net book values At 31 March 2025 At 31 March 2024 2,064 2,575 2,064 2,575 12 Investments Investment in Subsidiaries Total Cost or revaluation At l April 2024 At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 Investment in Subsidiaries The company has the following subsidiary undertakings.. Profitlllo 551 for the Capital and reseeS at Countryof incorporatio Class of n lif not UK) shares held %ageof shares held end of the relevant year relevant Name of company year Take a Part Trading Limited 13 Debtor5 Ordinary loo 2025 2024 Amounts owed by group undertakings Other debtors Prepayments and accrued income 4,682 79 18,980 23,662 24,596 24,675 Page 16
Take A Part CIO Notes to the Accounts 14 Credltors: amounts falling due within one year 2025 2024 Trade creditors 5,583 141 Other taxes and social security Other creditors 12 4,813 6,359 4,370 21,266 Accruals 1,560 Deferred income 1,572 Page 17
Take A Part CIO Notes to the Accounts IS Movement In funds IncomlnE resources At31 March 2025 Resources (including At l April other 2024 galnsllosses) expended Restrirted fund5: Restrirted income funds: Arts Council England Happier Blue Spaces (National Lottery Heritage Fund, Devon Community Foundation, National Lottery Awards for All, Digital Marine Parkl Happier Green Spaces (Rank Foundation & Livewell SWI 2,477 10,182 112,6591 5,998 15,9981 11,328 8,939 120,0921 175 Democratising Archives (National Lottery Heritage Fund) RollinE Together INational Lottery Community Fund- Awards for All) Blue Influencers (Ernest Cook Trust) Ocean Creative Cultures & Social Making 2024 Icalouste Gulbenkian Foundation) Other small restricted funds 37,358 137,3581 20,000 12,4001 17,600 30,130 15,1311 25,000 91,361 13,000 126,2401 18,7571 65,121 4,244 Total 13,805 216,968 1118,6341 112,139 Unrestricted funds: General funds 81,662 132,799 1184,8131 29,648 Total funds 95,467 349,767 1303,4471 141,787 Purposes and restrictions in relation to the funds: Restricted funds.. Arts Council England Happier Blue Spaces (National Lottery Heritage Fund, Devon Community Foundation, National Lottery Awards for All, Digital Marine Parkl Covering project and staffing costs Covering project and staffing costs Page 18
Take A Part CIO Notes to the Accounts Happier Green Spaces (Rank Foundation & Livewell SWI Democratising Archives INational Covering project and staffing costs Lottery Heritage Fund) Covering project and staffing costs Rolling Together INational Lottery Community Fund - Awards for All) Blue Influencers (Ernest Cook Trust) Ocean Creative Cultures & Social Covering project and staffing costs Making 2024 Icalouste Gulbenkian Foundation) Other small restricted funds Covering project and staffing costs Covering project and staffing costs Covering project and staffing costs 16 Analysis of net a55ets between funds Unrestricted funds Total Fixed assets 2,064 2,064 Investments Net current assets 139,722 141,787 139,722 141,787 17 Reconciliation of net debt At31 March At l Aprll 2024 Cash flows 2025 Cash and cash equivalents 89,482 89,482 28,150 28,150 117,632 117,632 Net debt 89,482 28,150 117,632 18 Commitment5 Penslon commltments 2025 2024 The pension cost charge to the company amounted to: 3,423 2,474 Page 19
Take A Part CIO Notes to the Accounts 19 Related party disclosures Controlling party During the year ended 31 March 2025, Take a Part Trading Limited donated its profits of £18,22012024.. £17,910) to its parent charity, Take A Part CIO. Take a Part Trading Limited is a wholly owned trading subsidiary of Take A Part CIO. These donations represent the full distributable profits for the year and are intended to support the charitable activities of the CIO. At 31 March 2025, Take a Part Trading Limited owed £4,86212024'. £nill to its parent charity, Take A Part CIO. The balance arose in respect of expenditure incurred by Take A Part CIO on behalf of projects delivered by Take a Part Trading Limited. These transactions were conducted in the normal course of operations and on an arm's length basis. There were no other related party balances outstanding at the year end. Page 20
Take A Part CIO Detailed Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Restrirted funds Total funds Total funds 2025 2025 2025 2024 Income and endowments from.. Donations and legacies Donations 18,234 18,234 18,234 18,234 17,988 17,988 Charitable activities Grants 96,560 96,560 216,968 216,968 313,528 313,528 259,754 259,754 Other trading activities Fundraising activities 18,005 18,005 18.005 18,005 27,140 27,140 Total intome and endowments 132,799 216,968 349,767 304,882 Expenditure on: Costs of other trading activities Fundraising activities 4,600 4,600 Total of expenditure on raising fund5 4,600 Other expenditure Advertising and marketing costs Project, Workshop and event costs 15,575 15.575 9,974 19,788 77,803 97,591 72,340 Bank loan and overdraft interest payable 35,363 77,803 113,166 82,315 Employee costs Salaries/wages Employer's NIC Pension costs 112,331 9,393 3,423 330 34,431 146,761 9,393 3,423 330 141,690 6,439 2,474 Staff entertainment Staff training Staff welfare 1,030 1,030 5,507 2,223 158,333 126,507 34,431 160,937 Motor and travel costs Travel and subsistence 6,363 6,363 6,363 6,363 9,774 9,774 General administrative costs, including depreciation and amortisation Page21
Take A Part CIO Detailed Statement of Financial Activities Depreciation of Fixtures and equipment Bank charges Equipment leasing and hire charges General insurances Software, IT support and related costs 730 730 768 281 281 319 613 613 1,874 736 736 776 1,577 1,577 1,303 Subscriptions Sundry expenses Telephone, fax and broadbarbd 637 637 179 970 970 87 328 328 570 5,872 5,872 5,876 Legal and professional costs Accountancy and bookkeepin8 Consultancy fees Other legal and professional costs 4,742 5,600 4,742 12,000 1,901 2,400 6,400 367 367 300 10,709 6,400 17.109 4,601 Total of expenditure of other costs Total expenditure 184,813 118,634 303,447 260,899 184,813 118,634 303,447 265,499 Net gains on investments Net income 152,0141 98,334 46,320 39,383 Net income before other gains/{lossesl 152,0141 98,334 46,320 39,383 Other Gains Net movement in funds 152,0141 98,334 46,320 39,383 Reconclllatlon of funds: Total funds brought forward 81,662 13,805 95,467 56,084 Total funds carried fonvard 29,648 112,139 141,787 95,467 Page 22