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2023-12-31-accounts

Testlands CIO

Report and Financial Statement Year Ending 31[st] December 2023 Charity Number: 1195023

The CIO: Testlands

Executive Summary

In 2023, Testlands CIO made significant strides in building a brighter future for Southampton’s communities. Guided by our mission to create transformative wellbeing opportunities, we expanded our programmes, deepened partnerships, and prioritised environmental, mental, financial, and physical wellbeing across all our services. Through key initiatives, such as the Short Breaks Project and Alternative Provision Pilot Project, we provided safe, supportive spaces for young people and families to thrive, addressing critical community needs with targeted, accessible support.

Financially, Testlands achieved a remarkable increase in income, reaching £621,441, enabling us to sustain and expand our impact. Our collaborations with local organisations—such as Southampton City Council and Theatre for Life—have strengthened our capacity to offer high-quality programmes and services, fostering resilience and empowering individuals. As we look ahead, our strategic priorities remain focused on sustainable growth, with a commitment to securing reserves and broadening the reach of our programmes to serve even more residents across Southampton.

Testlands’ dedication to community wellbeing continues to drive our vision for a stronger, healthier Southampton, where everyone has the opportunity to thrive. We are grateful for the support of our partners, stakeholders, and volunteers, whose commitment and collaboration have been essential to our success.

Charity Name: Testlands Registration Number: 1195023

Registered Office Address:

Testlands Hub Green Lane Southampton SO16 9FQ

Website: www.testlands.com

Board of Trustees (as of 31st December 2023):

Luke Newman (Chair) Joseph John Crook Mark Bigwood

Accountants:

Sort Your Accounts Hampshire Ltd 87 The Hundred Romsey, Hampshire SO51 8BZ, UK

The Board of Trustees is pleased to present the 2023 Annual Report, marking another year of growth and positive impact for Testlands. Our mission to build a better future through wellbeing opportunities has guided us in expanding our programmes and partnerships, deepening our commitment to the Southampton community.

Chair’s Report

Message from Luke Newman, Chair of Trustees

2023 has been transformative for Testlands CIO, filled with growth, innovation, and a deepening impact on the Southampton community. Through our four core pillars—Environmental, Financial, Mental, and Physical Wellbeing—we have expanded our reach and improved the lives of countless individuals, from young people to families and the elderly. These pillars guide every decision we make, ensuring that our efforts remain aligned with our mission to uplift and support the wellbeing of our community.

This year saw us launch the Short Breaks Project and Alternative Provision Pilot Project, offering targeted support that addresses pressing local needs. Our work in environmental sustainability advanced significantly with the LEAD Energy Project, which has introduced eco-friendly practices into our daily operations. These projects reflect our commitment to delivering both immediate and lasting public benefit.

I would like to thank our valued partners and dedicated volunteers, whose support has been instrumental in delivering impactful programmes. As we look to the future, I am confident that Testlands will continue to grow sustainably, ensuring that our resources are used effectively to build a resilient, inclusive community for all.

Our Purposes and Activities

Mission Statement

“Testlands’ mission is to build a better future by enabling transformative wellbeing opportunities for our people and communities in Southampton.”

Purpose Statement

“We are dedicated to caring for the wellbeing of our people and communities in Southampton, providing inclusive and impactful programmes that support holistic growth and resilience.”

Objectives for Public Benefit

Environmental Wellbeing : To promote sustainability and environmental responsibility through initiatives like the LEAD Energy Project, which helps reduce our environmental footprint and educate the community on eco-friendly practices.

Financial Wellbeing : To offer financial resilience through community support services, ensuring families and individuals can access affordable, high-quality programmes that meet their needs.

Mental Wellbeing : To enhance mental health support for young people and vulnerable groups, offering programmes that provide a safe space to develop coping skills, confidence, and personal growth.

Physical Wellbeing : To encourage physical health and fitness through accessible recreational activities, youth sports, and holiday clubs that engage all ages and abilities in healthy lifestyle choices.

Key Achievements and Performance

2023 Programme Highlights

Impact on the Community

Through our programmes, we have reached hundreds of Southampton residents, creating safe spaces for engagement, learning, and support. Stakeholder surveys reflect high satisfaction levels, with many beneficiaries expressing gratitude for the mental and physical health resources provided by Testlands. These programmes not only meet immediate community needs but also foster long-term resilience and social cohesion.

Financial Review

Income and Expenditure Summary

Testlands CIO’s financial performance in 2023 was marked by significant growth, with total income reaching £621,441, compared to £96,682 in the prior year. This

increase reflects our expanding programme reach, successful fundraising efforts, and diversified income sources.

Key Sources of Income

Community Services and Programmes : Hub and holiday club sales represented substantial portions of our income.

Grants and Funding : Support from local authorities and organisations enabled the development of new initiatives like the Wellbeing Champions Programme.

Reserves Policy and Future Financial Strategy

In line with our commitment to sustainability, Testlands is building six months of operational reserves by 2025. This approach strengthens our capacity to maintain operations and adapt to future funding challenges, ensuring our continued service to the community.

Financial Review: 2023 Overview and Year-on-Year Comparison

Financial Growth and Performance

In 2023, Testlands CIO experienced remarkable financial growth, with total income reaching £622,568.22—an increase of over 540% compared to the £96,682 reported in 2022. This significant boost underscores the charity’s success in expanding its services, securing grants, and enhancing community participation.

Key Income Sources and Achievements

The primary income streams in 2023 included:

Despite these increased costs, effective cost management allowed Testlands to maintain a positive net income of £107,613.11 for 2023, a significant leap from the £15,146 reported in 2022. This reflects the charity’s strong financial health and efficient resource allocation.

Comparative Analysis: 2022 vs. 2023

The comparison highlights Testlands’ substantial year-on-year progress:

Investment in Sustainability

The significant net income provides a robust foundation for Testlands’ plan to build operational reserves capable of sustaining six months of expenses by 2025. This strategic move reinforces long-term financial resilience and positions the charity to adapt to potential funding fluctuations in the future.

2023 Highlights and Financial Achievements

Diversified Revenue Streams: Successful integration of grants and new service income.

Community Engagement: High revenue from school and holiday programmes indicates solid community trust and participation.

Operational Investments: Increased spending on wages and infrastructure reflects Testlands’ dedication to service quality and growth.

Outlook

As Testlands looks ahead to 2024, the focus remains on sustaining growth through diversified funding, continued community engagement, and strategic partnerships. These efforts will ensure that the organisation’s four pillars of wellbeing continue to benefit the Southampton community.

Programme Summaries

Main Areas of Activity

Youth Services and Education : Our Alternative Provision, youth clubs and holiday clubs provide essential support for young people at risk of exclusion, addressing educational, emotional, and social needs within a structured environment.

Environmental Initiatives : The LEAD Energy Project highlights Testlands’ commitment to sustainability by reducing energy use and implementing environmentally friendly practices.

Community Events : In 2023, Testlands hosted various community events at the Hub, engaging local families, elderly groups, and young people in activities that promote wellbeing and social cohesion.

Collaborations and Partnerships

Collaborations with schools, health organisations, and local authorities have expanded our programme capacity and strengthened our service quality. Partnerships with hyperlocal focuses such as the Millbrook Children and Young Peoples Group and the Millbrook Health and Wellbeing Group have been instrumental in addressing complex community challenges, such as mental health and youth violence.

Risk Management

Risk Management Strategy

Testlands employs a comprehensive risk management approach that considers operational, financial, and reputational risks. Our robust governance framework and proactive risk assessment practices ensure that we remain prepared to meet challenges effectively.

Major Risks Addressed

Data Privacy and Cybersecurity : We have implemented secure data practices, including regular audits and multi-factor authentication, to safeguard the privacy of our beneficiaries.

Staff Retention and Training : Investments in training and staff support have been prioritised to ensure programme quality and consistency.

Funding Stability : To mitigate funding volatility, Testlands is diversifying its income sources and aiming to build operational reserves.

Volunteer Contributions

Volunteer Involvement and Impact

In 2023, over 50 volunteers contributed to Testlands’ mission, supporting activities across programme delivery, event management, and day-to-day operations. Their dedication has been invaluable, amplifying our reach and impact in the community.

Spotlight on Volunteers

Our volunteers not only bring energy and enthusiasm to our work but also embody the spirit of community service that defines Testlands. Their efforts make it possible to deliver our wide-ranging services to diverse community members.

Governance Structure and Trustee Contributions

Governance and Trustees’ Roles

Led by Chair Luke Newman, Testlands’ Trustees provided strategic direction in 2023. The board agreed that new expertise was required and that recruitment for new trustees would be a priority in 2024. Our trustees played an active role in programme oversight and risk management, ensuring that the charity’s operations aligned with its mission.

Induction and Training

New Trustees will receive comprehensive orientation, including governance, risk management, and programme insights, ensuring that they are equipped to support Testlands’ strategic goals.

Future Plans

2024 and Beyond

Testlands is poised for growth in 2024, with strategic priorities that include expanding our reach, enhancing our financial resilience, and deepening our environmental sustainability efforts. By continuing to invest in our community and pursue partnerships, we aim to create a lasting, positive impact that supports the holistic wellbeing of Southampton residents.

Key Objectives for 2024 :

Expand Youth Services : Broaden the reach of mental health and physical wellbeing programmes for young people.

Build Financial Stability : Continue efforts to diversify income and secure operational reserves.

Enhance Sustainability : Further integrate eco-friendly practices across all programmes.

Testlands

Charity No. 1195023

Company No. CE025279

Trustees' Report and Unaudited Accounts

31 December 2023

Testlands Contents

Pages - Trustees' Annual Report - Independent Examiner's Report

Page 1

Testlands 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 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE025279

Charity No. 1195023

Registered Office

Testlands Hub Green Lane Southampton SO16 9FQ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Joseph Crook Luke Newman Mark Bigwood

Accountants

Sort Your Accounts Hampshjire Ltd 87 The Hundred Romsey SO51 8BZ

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 (FRS 102).

Signed on behalf of the board

Luke Newman Trustee 31 December 2023

Page 2

Testlands Independent Examiners Report

Independent Examiner's Report to the trustees of Testlands

I report to the charity trustees on my examination of the financial statements of Testlands for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('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 Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner'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 I am qualified to undertake the examination because I am a member of , 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:

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.

Sort Your Accounts Hampshire Ltd 87 The Hundred Romsey

SO51 8BZ

31 December 2023

Page 3

Testlands Statement of Financial Activities

for the year ended 31 December 2023

Notes
Income and endowments
from:
Other trading activities
4
Total
Expenditure on:
Raising funds
5
Other
6
Total
Net gains on investments
Net income
7
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
2023
£
621,441		 Total funds
2023
£
621,441		 Total funds
2022
£
96,682
621,441
44,182
374,126		 621,441
44,182
374,126		 96,682
-
81,536
418,308
-		 418,308
-		 81,536
-
203,133
-		 203,133
-		 15,146
-
203,133 203,133 15,146
203,133
15,146		 203,133
15,146		 15,146
-
218,279 218,279 15,146

Page 4

Testlands Summary Income and Expenditure Account

for the year ended 31 December 2023

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2023
£
621,441
621,441
411,672
6,636
418,308
203,133
203,133		 2022
£
96,682
96,682
81,536
-
81,536
15,146
15,146

Page 5

Testlands Balance Sheet

at 31 December 2023

Company No.
CE025279
Notes
2023
£
Fixed assets
Tangible assets
9
1,549
1,549
Current assets
Debtors
10
265,764
Cash at bank and in hand
3,787
269,551
Creditors:Amount falling due within one year
11
(52,821)
Net current assets
216,730
Total assets less current liabilities
218,279
Net assets excluding pension asset or liability
218,279
Total net assets
218,279
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
218,279
218,279
Reserves
12
Total funds
218,279		 2022
£
1,189
1,189
9,218
27,861
37,079
(23,122)
13,957
15,146
15,146
15,146
15,146
15,146
15,146

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 December 2023 the company was entitled to exemption under section 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 31 December 2023

And signed on its behalf by:

Luke Newman Trustee

31 December 2023

Page 6

Testlands Statement of Cash flows for the year ended 31 December 2023

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Increase in trade and other receivables
Increase in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Net cash used in investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
203,133
440
(256,546)
29,699
(23,274)
(1,989)
(1,989)
-
(25,263)
27,861
2,598
3,787
3,787		 2022
£
15,146
-
(9,218)
23,122
29,050
(1,189)
(1,189)
-
27,861
-
27,861
27,861
27,861

Page 7

Testlands Notes to the Accounts

for the year ended 31 December 2023

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 Companies Act 2006.

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

Income

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 8

Testlands Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

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 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.

Page 9

Testlands Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised 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 10

Testlands Notes to the Accounts

3 Statement of Financial Activities - prior year

Income and endowments from:
Other trading activities
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds carried forward
4
Income from other trading activities
5
Expenditure on raising funds
Fundraising trading costs		 Unrestricted
£
621,441
621,441
Unrestricted
£
44,182
44,182		 Unrestricted
funds
2022
£
96,682
96,682
81,536
81,536
15,146
15,146
15,146
15,146
Total
2023
£
621,441
621,441
Total
2023
£
44,182
44,182		 Total funds
2022
£
96,682
96,682
81,536
81,536
15,146
15,146
15,146
15,146
Total
2022
£
96,682
96,682
Total
2022
£
-
-

Page 11

Testlands Notes to the Accounts

6 Other expenditure

Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
7
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
9
Tangible fixed assets
Cost or revaluation
Additions
At 31 December 2023
Depreciation and
impairment
Depreciation charge for the
year
At 31 December 2023
Net book values
At 31 December 2023
10 Debtors
Trade debtors
Prepayments and accrued income		 Unrestricted
£
302,627
216
5,749
6,636
52,246
6,652
374,126
2023
£
6,636
2023
263,994
3,236
3,232
270,462
£
800
800
44
44
756
2023
£
108,058
157,706
265,764		 Total
2023
£
302,627
216
5,749
6,636
52,246
6,652
374,126
£
1,189
1,189
396
396
793		 Total
2022
£
81,536
-
-
-
-
-
81,536
2022
£
-
2022
81,536
-
-
81,536
£
1,989
1,989
440
440
1,549
2022
£
9,218
-
9,218

Page 12

Testlands Notes to the Accounts

11 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
12 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
13 Analysis of net assets between funds
Fixed assets
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2023
15,146
15,146		 2023
£
41,713
5,847
5,261
52,821
Incoming
resources
(including
other
gains/losses
)
£
621,441
621,441
At 1 January
2023
£		 Resources
expended
£
(418,308)
(418,308)
Unrestricted
funds
£
1,549
216,730
218,279
Cash flows
£		 2022
£
23,122
-
-
23,122
At 31
December
2023
£
218,279
218,279
Total
£
1,549
216,730
218,279
At 31
December
2023
£
27,861 (24,074) 3,787
27,861
27,861		 (24,074)
(24,074)		 3,787
3,787

Page 13

Testlands Notes to the Accounts

15 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2023 2023 2022 2022
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2023 2022
£ £
The pension cost charge to the company
amounted to: 3,232 -

16 Related party disclosures Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

Testlands Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from:
Other trading activities
Total income and endowments
Expenditure on:
Costs of other trading activities
Total of expenditure on raising
funds
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff entertainment
Staff welfare
Temporary staff
Motor and travel costs
Travel and subsistence
Premises costs
Premises cleaning
Premises insurances
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of
Bank charges
Equipment leasing and hire
charges
Exchange rate (gain)/loss
Postage and couriers
Software, IT support and related
costs
Sundry expenses		 Unrestricted
funds
2023
£
621,441
621,441
621,441
44,182
44,182
44,182
263,994
3,236
3,232
1,523
1,869
28,773
302,627
216
216
3,331
2,418
5,749
6,195
441
5,544
1,416
28,310
2,532
5,218
5,117		 Total funds
2023
£
621,441
621,441
621,441
44,182
44,182
44,182
263,994
3,236
3,232
1,523
1,869
28,773
302,627
216
216
3,331
2,418
5,749
6,195
441
5,544
1,416
28,310
2,532
5,218
5,117		 Total funds
2022
£
96,682
96,682
96,682
-
-
-
81,536
-
-
-
-
-
81,536
-
-
-
-
-
-
-
-
-
-
-
-
-

Page 15

Testlands

Detailed Statement of Financial Activities

Testlands
Detailed Statement of Financial Activities
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 4,109
58,882
2,790
3,862
6,652
374,126
418,308
-
203,133
203,133
-
203,133
15,146
218,279		 4,109
58,882
2,790
3,862
6,652
374,126
418,308
-
203,133
203,133
-
203,133
15,146
218,279		 -
-
-
-
-
81,536
81,536
-
15,146
15,146
-
15,146
-
15,146

Page 16