**CHARITY REGISTRATION NUMBER: 1200023**
## **Charity Shop 4 U**
## **Financial Statements**
## **For the Year Ending 31 January 2024**
## **JANE ASCROFT ACCOUNTANCY LIMITED**
Chartered accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
## **Charity Shop 4 U**
## **Financial Statements**
**Year Ended 31 January 2024**
||**Page**|
|---|---|
|Trustees' Annual Report|**1**|
|Independent Examiner's Report to the Trustees|**4**|
|Statement of Financial Activities|**5**|
|Statement of Financial Position|**6**|
|Notes to the Financial Statements|**7**|
|**The Following Pages Do Not Form Part of the Financial Statements**||
|Detailed Statement of Financial Activities|**16**|
## **Charity Shop 4 U**
## **Trustees' Annual Report**
## **Year Ended 31 January 2024**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 January 2024.
## **Objectives and Activities**
The objects of the charity continue to be to advance for the public benefit the education (including personal development and physical education) of children under the age of 18 years in Greater Willington (Oakenshaw, Pagebank, Sunnybrow and Willington) and Hunwick by making grants for educational projects in such ways as the charity trustees think fit provided always such purposes are charitable under the laws of England and Wales.
To this end the trustees allocated £5,000 in grants to individuals, schools and organisations in the area of benefit. Examples of grants awarded included grants to enable schools to develop their outdoor environment, training of leaders, resources for children with special needs, outdoor sports activities and travel and accommodation for international competitions.
## **Achievements and Performance**
## **Volunteers**
The number of volunteers has increased during the year. While a couple of volunteers resigned due to health and work commitments, there have been a number of new volunteers. The total number of volunteers stands at 25. Their motivation for volunteering is varied, for example:
- Work experience as part of a college course
- To make a contribution to the local community
- To meet people
- To gain confidence.
A quarterly volunteers meeting is held to enable volunteers to contribute their ideas towards the organisation and running of the shop.
## **Shop Premises**
A major development in this financial year was the purchasing of 69 High Street, Willington as new premises. These premises contain over four times the space of the previous premises. The new premises were purchased thanks to funding from the Key Fund. A new sign was purchased as a result of a grant from Greater Hunwick Town Council. A grant of £15,000 from Durham County Council has enabled the trustees to plan for renovations to the building and for its development. The purchase and erection of storage and sorting sheds is also taking place.
## **Financial Review**
During the year ended 31st January 2024 the charity had income of £57,988 (2023 - £39,663) and incurred expenditure of £22,883 (2023 - £6,684). Expenditure included grants of £5,050 paid to local organisations.
At 31st January 2023 the charity held £71,761 in unrestricted funds and £15,000 in restricted funds.
## **Reserves policy**
The trustees aim to hold reserves equivalent to £20,000 to cover working capital and future grant obligations. At 31st January 2024 the charity held £27,759 in reserves.
**1**
## **Charity Shop 4 U**
## **Trustees' Annual Report** _**(continued)**_
## **Year Ended 31 January 2024**
## **Structure, Governance and Management**
The charity was registered with the Charity Commission on 10th August 2022 as a Charitable Incorporated Organisation under the Foundation model. The charity registration number is 1200023.
There are 5 trustees with varied and appropriate backgrounds and administration is undertaken by the Clerk to the Trustees.
## **Trustees Meetings**
The trustees met on six occasions between 1st February 2023 and 31st January 2024. At these meetings various reports were presented to, and various matters discussed by, the trustees including:
- Finance
- Policies
- Volunteers
- Premises
- Shop Matters
Each meeting is minuted.
## **Reference and Administrative Details**
**Registered charity name** Charity Shop 4 U **Charity registration number** 1200023 **Principal office** 86 High Street Willington County Durham DL15 0PE **The Trustees** R E Glasper (Chair) P J Hardy L Pratt Janet Stephenson J M Humble **Independent Examiner** Jane Ascroft FCA MA (Cantab) Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
**2**
## **Charity Shop 4 U**
## **Trustees' Annual Report** _**(continued)**_
## **Year Ended 31 January 2024**
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
R E Glasper (Chair) Trustee
**3**
## **Charity Shop 4 U**
## **Independent Examiner's Report to the Trustees of Charity Shop 4 U**
## **Year Ended 31 January 2024**
I report to the trustees on my examination of the financial statements of Charity Shop 4 U ('the charity') for the year ended 31 January 2024.
## **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 the charity's financial statements 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.
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
**4**
## **Charity Shop 4 U**
## **Statement of Financial Activities**
## **Year Ended 31 January 2024**
||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|–|29,300|29,300|15,276|
|Other trading activities|**5**|28,134|–|28,134|24,387|
|Investment income|**6**|554|–|554|–|
|||`────────`|`────────`|`────────`|`────────`|
|**Total income**||28,688|29,300|57,988|39,663|
|||`════════`|`════════`|`════════`|`════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**7,8**|23,003|–|23,003|6,584|
|||`────────`|`────────`|`────────`|`────────`|
|**Total expenditure**||23,003|–|23,003|6,584|
|||`════════`|`════════`|`════════`|`════════`|
|||`────────`|`────────`|`────────`|`────────`|
|**Net income**||5,685|29,300|34,985|33,079|
|||`════════`|`════════`|`════════`|`════════`|
|Transfers between funds||14,300|(14,300)|–|–|
|||`────────`|`────────`|`────────`|`────────`|
|**Net movement in funds**||19,985|15,000|34,985|33,079|
|**Reconciliation of funds**||||||
|Total funds brought forward||51,656|–|51,656|18,577|
|||`────────`|`────────`|`────────`|`────────`|
|**Total funds carried forward**||71,641|15,000|86,641|51,656|
|||`════════`|`════════`|`════════`|`════════`|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 7 to 14 form part of these financial statements.**
**5**
## **Charity Shop 4 U**
## **Statement of Financial Position**
## **31 January 2024**
|||**2024**|2023|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed Assets**||||
|Tangible fixed assets|**15**|85,942|–|
|**Current Assets**||||
|Cash at bank and in hand||42,759|51,896|
|**Creditors: amounts falling due within one year**|**16**|9,720|240|
|||`────────`|`────────`|
|**Net Current Assets**||33,039|51,656|
|||`─────────`|`────────`|
|**Total Assets Less Current Liabilities**||118,981|51,656|
|**Creditors: amounts falling due after more than one year**|**17**|32,340|–|
|||`─────────`|`────────`|
|**Net Assets**||86,641|51,656|
|||`═════════`|`════════`|
|**Funds of the Charity**||||
|Restricted funds||15,000|–|
|Unrestricted funds||71,641|51,656|
|||`────────`|`────────`|
|**Total charity funds**|**18**|86,641
`════════`|51,656
`════════`|
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
R E Glasper (Chair) Trustee
**The notes on pages 7 to 14 form part of these financial statements.**
**6**
## **Charity Shop 4 U**
## **Notes to the Financial Statements**
## **Year Ended 31 January 2024**
## **1. General Information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 86 High Street, Willington, County Durham, DL15 0PE.
## **2. Statement of Compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting Policies**
## **Basis of Preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going Concern**
There are no material uncertainties about the charity’s ability to continue.
## **Judgements and Key Sources of Estimation Uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**7**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **3. Accounting Policies** _**(continued)**_
## **Income**
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Expenditure**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible Assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
**8**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **3. Accounting Policies** _**(continued)**_
## **Tangible Assets** _**(continued)**_
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2% straight line Equipment - 25% reducing balance
## **Impairment of Fixed Assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial Instruments**
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
**9**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **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.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
## **Cash at Bank and in Hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Taxation**
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **4. Donations and Legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2024**|
||£|£|**£**|
|**Grants**||||
|Durham County Council|–|15,000|15,000|
|Greater Willington Town Council|–|500|500|
|Key Fund|–|13,800|13,800|
||`────`|`────────`|`────────`|
||–|29,300|29,300|
||`════`|`════════`|`════════`|
**10**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **4. Donations and Legacies** _**(continued)**_
|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2023|
|||£|£|£|
|**Donations**|||||
|Transferred from Cornerstone Supported Housing &|||||
|Counselling Ltd||15,276|–|15,276|
|||`────────`|`────`|`────────`|
|||15,276|–|15,276|
|||`════════`|`════`|`════════`|
|**Other Trading Activities**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Shop income|23,139|23,139|20,197|20,197|
|Bishop's Recycling|1,616|1,616|2,499|2,499|
|Ebay sales|928|928|796|796|
|Ziffit & Music Magpie|1,228|1,228|895|895|
|ECS Textiles|1,223|1,223|–|–|
||`────────`|
`────────`|`────────`|`────────`|
||28,134|28,134|24,387|24,387|
||`════════`|
`════════`|`════════`|`════════`|
## **5. Other Trading Activities**
## **6. Investment Income**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Rental income|554|554|–|–|
||`════`|`════`|`════`|`════`|
|**Expenditure on Charitable Activities**|**by Fund Type**||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Costs of charitable activities (see page|||||
|16)|23,003|23,003|6,584|6,584|
||`════════`|`════════`|`═══════`|`═══════`|
## **7. Expenditure on Charitable Activities by Fund Type**
|**8.**|**Expenditure on Charitable Activities**|**by Activity Type**|**by Activity Type**|||
|---|---|---|---|---|---|
|||Activities||||
|||undertaken|
Grant funding|**Total funds**|Total fund|
|||directly|
of activities|**2024**|2023|
|||£|£|**£**|£|
||Costs of charitable activities (see page|||||
||16)|17,953|
5,050|23,003|6,584|
|||`════════`|
`═══════`|`════════`|`═══════`|
**11**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **9. Analysis of Grants**
|||**2024**|2023|
|---|---|---|---|
|||**£**|£|
||**Grants to Institutions**|||
||Grants to local organisations|5,050|5,250|
|||`───────`|`───────`|
||Total grants|5,050|5,250|
|||`═══════`|`═══════`|
|**10.**|**Net Income**|||
||Net income is stated after charging/(crediting):|||
|||**2024**|2023|
|||**£**|£|
||Depreciation of tangible fixed assets|2,360|–|
|||`═══════`|`════`|
|**11.**|**Independent Examination Fees**|||
|||**2024**|2023|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|480
`════`|240
`════`|
## **12. Staff Costs**
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
## **13. Trustee Remuneration and Expenses**
Trustees were paid neither remuneration nor expenses during the current or previous year.
## **14. Transfers Between Funds**
During the year £14,300 was transferred from restricted to unrestricted funds which represented capital items for use by the charity purchased using restricted funds.
**12**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **15. Tangible Fixed Assets**
||Freehold|||
|---|---|---|---|
||property|Equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|At 1 February 2023|–|–|–|
|Additions|85,000|3,302|88,302|
||`────────`|`───────`|`────────`|
|**At 31 January 2024**|85,000|3,302|88,302|
||`════════`|`═══════`|`════════`|
|**Depreciation**||||
|At 1 February 2023|–|–|–|
|Charge for the year|1,700|660|2,360|
||`────────`|`───────`|`────────`|
|**At 31 January 2024**|1,700|660|2,360|
||`════════`|`═══════`|`════════`|
|**Carrying amount**||||
|**At 31 January 2024**|83,300|2,642|85,942|
||`════════`|`═══════`|`════════`|
|At 31 January 2023|–|–|–|
||`════════`|`═══════`|`════════`|
|**Creditors:** **amounts falling due within one year**||||
|||**2024**|2023|
|||**£**|£|
|Accruals and deferred income||480|240|
|Key Fund loan||9,240|–|
|||`───────`|`────`|
|||9,720|240|
|||`═══════`|`════`|
|**Creditors:** **amounts falling due after more than one year**||||
|||**2024**|2023|
|||**£**|£|
|Key Fund loan||32,340
`════════`|–
`════`|
## **16. Creditors: amounts falling due within one year**
## **17. Creditors: amounts falling due after more than one year**
## **18. Analysis of Charitable Funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||||
|---|---|---|---|---|---|---|---|
|||At|||||**At**|
||1|February||||**31 January**||
|||2023|Income|Expenditure|Transfers||**2024**|
|||£|£|£|£||£|
|General funds||51,656|28,688|(23,003)|14,300||71,641|
|||`════════`|`════════`|`════════`|`════════`||`════════`|
|||At|||||At|
||1|February||||31 January||
|||2022|Income|Expenditure|Transfers||2023|
|||£|£|£|£||£|
|General funds||18,577|39,663|(6,584)|–||51,656|
|||`════════`|`════════`|`═══════`|`════`||`════════`|
**13**
## **Charity Shop 4 U**
## **Notes to the Financial Statements** _**(continued)**_
## **Year Ended 31 January 2024**
## **18. Analysis of Charitable Funds** _**(continued)**_
## **Restricted funds**
|**Restricted funds**||||||
|---|---|---|---|---|---|
||At||||**At**|
||1 February||||**31 January**|
||2023|Income|Expenditure|Transfers|**2024**|
||£|£|£|£|£|
|Durham County Council|–|15,000|–|–|15,000|
|Greater Willington Town||||||
|Council|–|500|–|(500)|–|
|Key Fund|–|13,800|–|(13,800)|–|
||`────`|`────────`|`────`|`────────`|`────────`|
||–|29,300|–|(14,300)|15,000|
||`════`|`════════`|`════`|`════════`|`════════`|
Restricted funds are for the following purposes:
Durham County Council Property refurbishment Greater Willington Town Council Sign Key Fund Towards the purchase of the property
## **19. Analysis of Net Assets Between Funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2024**|
||£|£|**£**|
|Tangible fixed assets|85,942|–|85,942|
|Current assets|27,759|15,000|42,759|
|Creditors less than 1 year|(9,720)|–|(9,720)|
|Creditors greater than 1 year|(32,340)|–|(32,340)|
||`────────`|`────────`|`────────`|
|**Net assets**|71,641|15,000|86,641|
||`════════`|`════════`|`════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2023|
||£|£|£|
|Tangible fixed assets|–|–|–|
|Current assets|51,896|–|51,896|
|Creditors less than 1 year|(240)|–|(240)|
|Creditors greater than 1 year|–|–|–|
||`────────`|`────`|`────────`|
|**Net assets**|51,656|–|51,656|
||`════════`|`════`|`════════`|
**14**
**Charity Shop 4 U**
**Management Information**
**Year Ended 31 January 2024**
**The Following Pages Do Not Form Part of the Financial Statements.**
**15**
## **Charity Shop 4 U**
## **Detailed Statement of Financial Activities**
## **Year Ended 31 January 2024**
||**2024**|2023|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Transferred from Cornerstone Supported Housing & Counselling Ltd|–|15,276|
|Durham County Council|15,000|–|
|Greater Willington Town Council|500|–|
|Key Fund|13,800|–|
||`────────`|`────────`|
||29,300|15,276|
||`────────`|`────────`|
|**Other trading activities**|||
|Shop income|23,139|20,197|
|Bishop's Recycling|1,616|2,499|
|Ebay sales|928|796|
|Ziffit & Music Magpie|1,228|895|
|ECS Textiles|1,223|–|
||`────────`|`────────`|
||28,134|24,387|
||`────────`|`────────`|
|**Investment income**|||
|Rental income|554|–|
||`────`|`────`|
||`────────`|`────────`|
|**Total income**|57,988|39,663|
||`════════`|`════════`|
|**Expenditure**|||
|**_Activities undertaken directly_**|||
|Rent and utilities|2,746|–|
|Trade waste|299|272|
|Repairs and maintenance|4,136|31|
|Insurance|810|495|
|Shop and office consumables|1,186|296|
|Legal and professional fees|4,914|240|
|Depreciation|2,360|–|
|Loan interest|1,502|–|
||`────────`|`───────`|
||17,953|1,334|
||`────────`|`───────`|
|**_Grant funding activities_**|||
|Grants awarded|5,050|5,250|
||`───────`|`───────`|
||`────────`|`───────`|
|**Total expenditure**|23,003|6,584|
||`════════`|`═══════`|
||`────────`|`────────`|
|**Net income**|34,985|33,079|
||`════════`|`════════`|
**16**