EYE NEPAL Early Years Education Annual Report 2023 Early Years Education In Nepal
Eye Nepal Period ended 30[th] November 2023
| Contents | |
|---|---|
| Trustees Report | Page |
| Reference and Administration Information | 2 |
| Who we are | 3 |
| Activities | 3 |
| Achievements and Performance | 4 |
| Financial Review | 4 |
| Structure, Governance and Management | 5 |
| Responsibilities of the Trustees | 8 |
| Financial Statements | |
| Independent Examiner’s Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes (forming part of the Financial Statements) | 12 |
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Eye Nepal Period ended 30[th] November 2023
Reference & Administration Information
The Trustees present their report and financial statements for the period ended 30 November 2023.
Reference and Administrative Information
Charity Name: EYE Nepal Charity registration No.: 1198615 Registered Office: Suite 6 Merley House, Merley House Lane, Wimborne, Dorset BH21 3AA Operational Address: Suite 6 Merley House, Merley House Lane, Wimborne, Dorset BH21 3AA Trustee Board: The Trustees throughout the period and to the date of signing this report are as follows: Michael Smith (Chair) Debra Boer ACMA Kaye Mathew Nicholas Howe Management in the UK: Michael Smith – CEO Debra Boer ACMA – Treasurer Kaye Mathew – Marketing Nicholas Howe – Corporate Sponsorship Liaison In Nepal: Raju Bishowkarma, Country Manager, Nepal. Bankers: Lloyds Bank
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Eye Nepal Period ended 30[th] November 2023
Who we are
EYE Nepal is a small charity dedicated to enhancing the life opportunities of the poorest children in rural districts of Nepal through better early years education.
To deliver our projects and bespoke educational programmes, the charity has established a not-for-profit sister company based in Kathmandu, and we work in conjunction with local municipalities in Nepal who provide back-to-back funding for our projects.
We currently support Early Years classrooms in 25 rural schools in the rural regions of Sankhu and Bandipur, 2 after school learning centres and our EYE Nepal teacher training centre where over 50 teachers have been trained to date. According to Unicef, 86% per cent of children aged 7 to 14 years live in a household with no child-oriented books. Our aim is to provide the resources required to enhance life opportunity.
We actively campaign against gender and caste bias and promote creative education as a practical alternative to a life of poverty and the horrendous reality of child labour which is born out of lack of opportunity.
Activities
In all our Kindergartens and Early Year Classrooms EYE Nepal provides a bright and welcoming environment with soft carpeted flooring with brightly painted walls and ceilings. We use bespoke child friendly furniture, bookcases, and storage shelving. We also provide a range of educational materials including dual language books, artwork, creative games, stationery, and sports equipment.
We provide learning programme packages in English and Nepali, along with teacher training, mentoring, ongoing assessments, and community support for early years classrooms at nursery level, grades 1, 2 and 3.
We have designed our early years education programmes with the objective of the children attaining the Nepali governments' minimum target level in all subjects by the time they complete Grade 3.
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Eye Nepal Period ended 30[th] November 2023
Achievements and Performance
During 2022/23 we were able to transfer over £38k in donations to our sister organisation in Nepal to fund the development of kindergarten and Early Year’s Classrooms in schools in the Sankhu and Bandipur region of Nepal. We have also renovated, furnished and supported a teacher training centre in Sankhu as well as two after school clubs in Botetar and Bandipur.
Financial Review
Principal Sources of Funding
Income is generated from individual donations via fund-raising platforms, UK events including a Golf Day, Charity dinners and other events, with additional funding for the charity coming from support from individuals and partners undertaking fund raising activities. We have also successfully applied for funding from grant making trusts. During the period we have also made significant progress in developing UK-focused fund-raising through corporate partnerships.
Corporate and charitable sponsors
Holroyd Howe
Founded in 1997, Holroyd Howe is a privately held company located in Reading, Berkshire, operating within the hospitality sector. The medium-sized organisation conducts its operations exclusively in England, Scotland, and Wales and serves as a catering provider for independent educational institutions, spanning from preparatory schools to higher education establishments. During the period we have been grateful for the support from Holroyd Howe and their clients for all their support via a variety of fund-raising activities.
The Fisheries
Founded in the year 2019, The Fisheries is a fully equipped creative co-working space within a 200-year-old renovated warehouse, right in the epicentre of Hackney’s London Fields. Filled with natural light, tropical plants and homely furniture, the space is designed to be a home away from home, creating an environment in which people flourish. Complete with 150 desks and meeting rooms, the company operates on a membership model with three membership types: community, dedicated and office, with communal features open to all members such as: members’ events, event spaces and 24/7 access. The team at the Fisheries have raised funds for Eye Nepal in 2023 and 2024.
Northcote Hotel
Northcote is a luxury hotel and restaurant located in Lancashire, England. It is renowned for its exquisite dining experiences and high-end accommodations. The hotel is known for its association with Michelin-starred restaurant Northcote, which offers fine dining with a focus on locally sourced and seasonal ingredients. Northcote Hotel also offers various amenities including spa services, event spaces, and beautiful grounds. The establishment has gained recognition for its commitment to culinary excellence and its role as a destination for both leisure and gastronomic experiences.
arena4finance
arena4finance specialises in the delivery of financial training and consultancy services for the hospitality, leisure, and tourism industries. A range of courses, workshops and digital content is available to enhance financial literacy and business acumen to support professionals working in these sectors. arena4finance provides administration and office support to EYE Nepal.
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Eye Nepal Period ended 30[th] November 2023
Oakman Inns
The multi-award-winning Oakman Inns Group was founded in 2007 by entrepreneur and CEO Peter Borg-Neal. The vision behind it was simple: to create the perfect environment to come and enjoy great food and drink whilst catching up with friends, family, neighbours and colleagues. The company established a new concept of the ‘modern public house’ by successfully transforming both historic and modern buildings into contemporary spaces that have a strong sense of identity and integration within the local communities they serve. Oakman Inns now operates in over 40 locations, predominantly in the South East, and has a turnover in excess of £75m. Oakman Inns has supported EYE Nepal with various fundraising events since our inception and we are hugely grateful for the continued support.
Island Youth Projects
Established in early 2021, Island Youth Projects is an organisation founded by Paul Yearley and Josephine O’Neil and now has 15 active members across three countries.
In 2023 IYP partnered with EYE Nepal to actively be involved to create an after-school learning centre in a village close to Bandipur. In addition to fundraising, volunteers from IYP travelled to Nepal to assist in the development project. The learning centre, which was completed in April 2023, is open after school and during holiday times to support the children in the remote village of Khahare. The centre will also provide additional community based educational support for local children and their families.
Public Benefit
In planning the activities of the charity, the Trustees have given due regard to the Charity Commission’s guidance on public benefit. The Trustees believe that the activities of the charity in the period confirm its ability to provide current and ongoing benefit to the public.
Investment Policy
The cash flow planning for each financial year includes the holding in reserve approximately 25% of the operational costs for the following year and almost all the charity’s funds are earmarked for specific projects, which means that there are currently no funds required for long-term investment. This situation is continually monitored by the Trustees.
Reserves Policy
The Trustees every year examine the Charity’s requirements for reserves considering the main risks to the organisation. However, it is the current policy not to take on any project unless it is fully funded, and the charity aim is to maintain reserves of no less than 25% of anticipated annual operational expenditure.
Plans for Future Periods
The Charity plans to continue to focus on the principal activities outlined above in the forthcoming years, subject to satisfactory funding arrangements. Considerable progress has been made to date and the further development of the NGO in Nepal has included expanding the locally resourced team and the development of bespoke learning materials and a methodology for performance measurement in line with the requirements of the local municipality. The team in Nepal are focused on developing a sustainable social enterprise to support an increasing number of rural schools.
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Eye Nepal Period ended 30[th] November 2023
Structure, Governance and Management
Governing Document
The organisation was registered as a charity with the Charity Commission on 13 April 2022. The Charity is formed as a Charitable Incorporated Organisation (CIO) who’s only voting members are its charity trustees.
The CIO Objects are specifically restricted to the following: Advancing education for the public benefit by the provision of teacher training and learning materials for early years education for children living in underdeveloped communities in Nepal including by:
a) Providing opportunities for every child to gain access to early years education
b) Supporting access to learning materials
c) Aiding the training and mentoring of local teachers
d) Encouraging the use of assessment for measuring outcomes
e) Working in partnership with local municipalities to develop learning materials to implement the national curriculum.
Trustees
All UK trustees currently give their time voluntarily and receive no benefit from the charity other than approved expenses. Costs of events have been reclaimed from the charity when it has been demonstrated they were incurred for a known event. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee.
Trustee Induction and Training
Trustees are appointed based on their expertise and willingness to provide practical support to the management of the charity.
Risk Management
Education programmes are managed locally. Nepalese born Mr Raju Bishowkarma formed the Nepalese based charity, EYE Nepal, as a sister organisation to carry out the operations of EYE Nepal UK. Since inception, he has recruited an experienced team to support the funded projects in Nepal. Raju is an academic manager with many years of experience in the Government school’s environment in Nepal. Under his management agreements have been signed between the local municipalities and EYE Nepal, which clearly establishes the relationships between each of the parties.
We utilise a range of measurement tools to assess the effectiveness of the work that the charity does in terms of improving educational standards. Internal control risks are minimised by the implementation of procedures in place for authorisation of all transactions and projects. In November 2023 the UK Trustees visited several schools to witness the revised in class performance management tools in action.
Monthly operational and financial reports are submitted to the UK trustees in a timely fashion, and these are formally reviewed on a quarterly basis via trustees’ meetings. In addition, the UK trustees are in regular contact with the management team in Nepal on an informal basis.
Fundraising
The trustees would like to record thanks to everyone who has worked so hard during the period to raise monies for us, in particular members of the Island Youth Project, the grant making trusts and our corporate sponsors as well as our many
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Eye Nepal Period ended 30[th] November 2023
individual supporters. In our fundraising activities, we follow the requirements of charity legislation, money laundering and anti-corruption legislation. There were no complaints received in the period.
Outlook in Nepal
Nepal, renowned for its breathtaking landscapes and home to Mount Everest, is a landlocked country in South Asia. Situated mainly in the Himalayas, it shares borders with China, India, Bangladesh, and Bhutan. The nation faces pressing issues, particularly concerning its young population and their access to quality education. In the past decade the region has experienced devastating earthquakes which have severely disrupted the infrastructure both physically and economically.
As of 2021, Nepal's population stood at approximately 29.16 million, with agriculture employing around 66 percent of the population. Despite economic progress, 20.3 percent of Nepalis lived below the national poverty line in 2022. Infrastructure challenges persist, as only 50 percent of the population has access to paved roads. A significant portion of the population, 40 percent, is under the age of 18, with many children still lacking access to basic needs.
Educational attainment in Nepal is marked by significant challenges. While 90 percent of 15- to 24-year-olds are literate, approximately 387,300 primary school-aged children remain out of school. Among those who complete primary education, only 31 percent can read a simple statement, and the dropout rate in grade 10 is notably high at 32 percent. Social disparities are also evident, with 25 percent of women aged 20 to 24 having been married before 18, compared to 8 percent of men in the same age group. Additionally, 86 percent of children aged 7 to 14 live in households without access to child-oriented books, reflecting broader inequities, especially in rural areas.
Data References:
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Government of Nepal National Statistics Office, National Population and Housing Census 2021 Results, cbs.gov.np.
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Asian Development Bank, Nepal: Poverty | Asian Development Bank (adb.org).
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The Borgen Project, 11 Facts About Poverty in Nepal.
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Food and Agriculture Organization of the United Nations, Nepal at a glance | FAO in Nepal.
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World Bank, Strengthening Connectivity in Nepal, and First of Its Kind World Bank Survey on Quality of Electricity Access in Nepal Shows Remarkable Progress; Challenges Persist on Clean Cooking.
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UNICEF, Children in Nepal | UNICEF Nepal, and UNICEF DATA, Nepal Factsheet March 2023.
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Eye Nepal Period ended 30[th] November 2023
Responsibilities of the Trustees
The trustees are responsible for the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities Statement of Recommended Practice (Charities SORP (FRS 102));
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed subject to any material departures discussed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is not appropriate to assume that the charity will continue in business.
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 governing document. 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.
Examiner
Saffery LLP were appointed as independent examiners during the period and have expressed their willingness to continue in office. A resolution to re-appoint Saffery LLP as independent examiners will be proposed at the Annual General Meeting.
This report was approved by the Board on 24[th] September 2024
Debra Boer (Trustee)
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Eye Nepal Period ended 30[th] November 2023
Independent examiner’s report to the Trustees
I report to the trustees on my examination of the accounts of EYE Nepal for the period ended 30th November 2023, which are set out on pages 10 to 14.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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 to enable a proper understanding of the accounts to be reached.
Casidhe Baleri ACA CTA For and on behalf of Saffery LLP Chartered Accountants Midland House 2 Poole Road Bournemouth BH2 5QY
Date: 25 September 2024
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Eye Nepal Period ended 30[th] November 2023
Statement of Financial Activities
(Including Income and Expenditure Account) for the Period Ended 30 November 2023
| Unrestricted Funds £ |
Restricted Funds £ | 2023 Total Funds £ |
2022 Total Funds £ |
|
|---|---|---|---|---|
| Income from | ||||
| Donations and legacies |
51,864 | 7,541 | 59,405 | 36,790 |
| Events | ||||
| Total income | 51,864 | 7,541 | 59,405 | 36,790 |
| Expenditure on | ||||
| Costs of raising funds |
- | - | ||
| Charitable activities |
39,154 | 7,541 | 46,695 | 36,798 |
| Total expenditure | 39,154 | 7,541 | 46,695 | 36,798 |
| Net gains on investments |
- | |||
| Net movements in funds |
12,710 | 12,710 | (8) | |
| Fund balances at 1 December 2022 |
(8) | - | (8) | - |
| Fund balances at 30 November 2023 |
12,702 | - | 12,702 | (8) |
The notes on pages 12 to 14 form part of these accounts. All the charity’s activities are classed as continuing. All recognised gains and losses are included above.
Income
The income includes accounts receivable totalling £11,636 - confirmed total outstanding from the raffle. Restricted funds relate to the Island Youth Project and the Howe Legacy both for projects in Bandipur.
Continuing Operations
None of the charity’s activities were acquired or discontinued during the current year.
Total Recognised Gains or Losses
The charity has had no recognised gains or losses in the current year.
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Eye Nepal Period ended 30[th] November 2023
Balance Sheet as at 30 November 2023
| CURRENT ASSETS Cash at bank and in hand Debtors CURRENT LIABILITIES *TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Restricted funds Unrestricted funds |
2023 2022 £ £ 2,626 11,636 2,492 |
|
|---|---|---|
| 14,262 2,492 1,560 2,500 |
||
| 12,702 (8) |
||
| - 12,702 (8) |
-
Raffle income as at 30/11/2023
-
** Independent examiners fee
The financial statements were approved by the Board on 25[th] September 2024 and signed on their behalf by:
Debra Boer (Trustee)
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Eye Nepal Period ended 30[th] November 2023
Notes
1. ACCOUNTING POLICIES
Charity information
The Registered Office is Suite 6 Merley House, Merley House Lane, Wimborne, Dorset BH21 3AA.
These are the first set of accounts prepared for the Charity and represent a 12-month period, being the date the bank account was opened. EYE Nepal was recognised as a Charity by the Charity Commission in April 2022.
Basis of accounting
The financial statements have been prepared under the historic cost convention. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
EYE Nepal constitutes a public benefit entity as defined by FRS 102.
The following accounting policies have been applied consistently in dealing with items, which are considered material to the financial statements.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Preparation of cash flow statement
The charity has taken the exemption provided in Update Bulletin 1 updating Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) allowing small Charities not to prepare a cash flow statement.
Fund Accounting
-
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.
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Designated funds are unrestricted funds, earmarked by the Management Committee for particular purposes. There were no designated funds during the current period.
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Restricted funds are subject to the restriction on their expenditure imposed by the donor or through the terms of an appeal. The restricted funds relate to funding for travel arrangements during the Trustee visit to Nepal and paid for personally by the Trustees taking part.
Income Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to the particular categories on income:
- Donations are recognised when received.
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Eye Nepal Period ended 30[th] November 2023
Resources Expended
Expenditure is recognised on an accrual’s basis, as a liability is incurred. Expenditure includes VAT (where applicable) and is reported as part of the expenditure to which it relates:
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Costs of generating funds comprise the costs associated with both the costs of attracting the income and those of providing the facilities to generate the income.
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Charitable expenditure comprises the costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those of an indirect nature required to support them.
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Governance costs include those costs associated with the meeting the constitution and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
2. TOTAL RESOURCES EXPENDED
| 2023 Total |
2022 Total |
|
|---|---|---|
| £ | £ | |
| Costs directly allocated to activities | ||
| Transfers to Nepal | 38,606 | 35,237 |
| Support Costs allocated to activities | ||
| Bank Charges | 295 | 315 |
| Other Costs | 6,234 | 1,246 |
| Total Resources Expended |
45,135 | 36,798 |
The charity had no employees during the period and all activities were undertaken by individuals on a voluntary basis.
3. NET (DEFICIT)/SURPLUS
This is stated after charging:
| 30.11.23 | |
|---|---|
| £ | |
| Independent examiners’ remuneration | 1,560 |
4. TRUSTEES’ REMUNERATION AND BENEFITS
There were no remuneration or other benefits paid to Trustees for the period ended 30 November 2023.
5. TAXATION
The charity is registered under the Charities Act 2011 and as such is entitled to the exemptions under Income and Corporation Taxes Act 1988.
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Eye Nepal Period ended 30[th] November 2023
6. MOVEMENT IN FUNDS
| At 1.12.22 | Net Movement | As at 30.11.23 | |
|---|---|---|---|
| In funds | |||
| £ | £ | £ | |
| Unrestricted funds | (8) | 12,710 | 12,702 |
| Restricted funds | - | - | - |
| Total funds | (8) | 12,710 | 12,702 |
| Net Movement in funds, included in the above are as follows. | |||
| Incoming | Resources | Movement in | |
| Resources | Expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | 51,864 | 39,154 | 12,710 |
| Restricted funds | 7,541 | 7,541 | - |
| Total funds | 59,405 | 46,695 | 12,710 |
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