REGIsfEREDCHARTfY IYUMBER: 220856 Af2 R¢port oftbe Trust¢¢s and Umaurtited Fina4¢*1 StstenJeDts f•rlbe Ye4r Ended 31 Dee¢mber2024 V•lentine P•ol¢ Charfty
Vatemtine Poole Chlrity Contsmts ofthe Fipaneial Ststements for the Year Ended 31 De£ember2024 Pag¢ R¢fertnee aAd AdmAnkstrntive DetsiL8 Report ofthe Trusteo 2 to 3 ITrdependent ExaeT'S Report Ststement of FiDanti%l AethTrititS B*knnce Sheet Nots8 to the fiDancial Ststements 7 to 12 Detailed Statemettt of FiD8lltl%l Ae¢iYities 13
VAlentint Poole Chaiity R¢f¢ttnee AdmlthitrAtlve Detai for the Ye4r Endd 31 Detember 2024 BODY OF MANAGEMENF crpted Trwst¢es Date Offiee T¢nnlxate5 Mrs Helena Davis Mr Stephen Lane Mr Tony Ald¢nnall Mr julian Teare Mrs Wendy Prentic¢ Mrs Diane Lk Nkwer I l March 2029 14 November 2029 15 Now¢mbeT 2025 07 November 2027 07 November 2027 13 March 2028 NomStttlve Tte¢S D4te OtTiceTerniiBatts Cltr Philip Cohen Cllr Etnma Wysall Cllr Zahrd Beg CIIT F.dith David 02 Mar¢h 2027 24 2027 28 Febary 2028 22 May 2028 Clerk to theTrusteES Mrs J8ne Porter Visitorfor the Chatlty Mrs Jane Portet PRINCIPAL ADDRFSS Fonlln Room- Ew•J Hall Wood Street EN5 4BW REGISTERED CHARtTY 220856 A12 INDEP£NDEPa EXAMINER Cathvrights Chartered Accow]taotsoThd Busine55 Advisors Regency House 33 Wixyl Streel HertfordshiT¢ EN5 4BE
VAielltille Pookcharity Report of the Trustees forthe Year Ended 31 De¢tmber2024 tntsttts pr¢sent th¢ir JfPK)rt with the fu¢18[ stste]nents of the charity for the ycar ended 31 D¢¢ember 2024. The truste¢s hav¢ a(h)pted the provisioos of Accounting and Reporting by Charities.. Staten)ent of Recommendal Practice applicable to ciwities pr¢parin8 their aGcounts itt a¢cordatKe with the Financia] RtFK>rtin8 Stondard applicable in the UK and Republi¢ of Ireland {FRS 102) (¢fftctive l January 2019). The Charity w&5 fourthd 1624 wheTr Valeniint Poole left various propertir5 he owned to the Parishio5 of the Ancient Parish of Chippllhg Barnd wh¢r¢ he was ly)rn. The ¢0¢ from these was to be used to help the needy and p(x>r. Thi$ is king done unthr schetncs fomiulated by the Charity Cotnmi55ion on 28 Novemr 1980 amd the ex¢eDded Area of Beo¢fiV to includc the former Urbgn DLStricts of Barn 8nd E&st BoJn¢t as Constitut OR 31 March 1965 effective from 4 Nov¢]nbeT 1991. OBJECTIVES AND ACflVETIES Objedives ain The objeciiv¢s of the charity wer6 in gener, lo continue to PtDvide relief in neEd to people in the local community. review and help wh¢r¢ appropriak for the advarteem¢nt of life" for the paying of a to suitsble applicants,. ensure theongoing 5elf-SUtTiciett¢y ofthe Charity. Performxnce syihst Objettives Th¢ Charity had a decrease in incoming rcFAKrn wThppJed to the pmious year. buÉ wa5 abl¢ to continu¢ to mert i1$ objectives. Public benefit The Tmstees confirm that they have refrrred the Chwity C4)mmission's ge1 guidance on publi¢ wh¢Tt reviewing the Tru5V5 aim$ ond obj¢ctivo% in planning futwr a¢tivitLe5. and setting the grant making pTrlicy forthE y¢ar. Grantmaking The Tntst furthers its charitable purw for the publi¢ bcnefitthrough itsgr&rt4n8king policy which aims at: - providing application5 urxler the prov15ion forR¢liEfin Need and Advancem¢t)tofLife - contributing toward8 the cost of school Unifo8. - providing Chri$ttna5 grnnts and payments of'pen5iOnS' tothose in fjnancial need, and; . wrytributing to oth¢r Charities and OTganssations dealing with the taE of peopl¢ in nwj ACHIEVEMENfAND PERFORMANCE Charitabk #ctivitie5 The Valentine Ple Charity ce]¢ivat¢d its quarca)teTJary in 2024 in so charity had 5 benches pla¢¢d in and around the areaof b¢TJ¢fJL The Trustee5 have again this year. de4it with mony aliCatIonS under the provisiorE for Reltef in Need, &nd Advancement of Lif4 and have approved gtartts of f210 {2023: £51i0) to pay for the provision of e&etIal household equiprnenL travel costs for needy people, IMh young and the more elderly. The charity ha5 contribui¢d towards the $t of5ch(MTrl unifoTtn during 2024 for 31 f&milies totalling £1798 {2023-. 24 familie5 totalling £4,018). Thi$ ye&T a'christmas grdnv. of varying amounts de)dIng on thc size of the famity, was mad¢ to 22 familtes totalling £2.0 {2023.. 26 f111$ totsIling £3,390). Payments of pe05ion5 between £176 and £220 ]nonthly w•r ma(k to WFple in fillancia] need and this expeThJiture tothil¢d £30.844 during 2024 {2023: £332081. Payments totdling £21.304 {2023.. £15.6141 have been inad¢ tt> other char11¢5 ar Organ8LI0nS dealin8 with the care of people it) need, and undertaking to rKovide suGh item& s1¢A% or facilities as might otherwtse b¢ provided by the Tnjstees under tkir a]wrov¢d Charity Commission Scheme. IVestment perfonnDce Investment inwme, largely froffl protKrty JYn¢al. is tn lin¢ with expectations and 1.% con5is¢¢nt with previotss y¢*5. Listed investmenty held thUgh various COIF fi]nds. h8s b¢¢n r¢viewed by the Tnwees, who ar¢ 5atisfEtd with the performan¢¢. Investments madt through M&G 4boptth it? value siginifcandy however there were Fosiiive signs in Q4 with a5teep in{¥e in value.
V4l¢tttithe Poolecharhy Report of iheTrnstees for the Year E•dtd 31 Dttember21J24 FINANCLIL REVIEW Fin#n¢l#l position At the end of the y¢ar the charity reswv&% of £787,856 (2023: £769,292). The r&serve5 held gre a Lxnbirkation of unrestricted Pd rrtdowmeni fijnds. Rts¢rve8 policy It is the policy of the charity to rnaintsin unrestricted which are the free reserve5 of th¢ chwity. at a leve] which equates to at least twelve months ofunrestricted expettditure. Thi5 proviths sufficient funds to cover pmv15ion for Relief in Netd, gr8nts. purchaK of ttive fare 0d wfts for needy families at Chri5ttThas p¢nsion5 and similar charitable ivities. virruRE PLANS The TTilSle6s do not expe¢t any silIfiCant the existing a¢tiviti&s and wfomiwce of the th•ity. save that they will besupp)rtingyouth orwdnisatioiK%. We aim to 0vide 5 defibTilato]¥ in and 0ndthe atEaof knefitto the charity's010. STRUCTURE GOVERNANCE AND MANAGEMENT GDv¢rnlJJg dotument The charity 15 ¢ontroll¢d by tts gov¢mingdocumenL a dthl of ttustand LtyteS an unitKQTP)]ted charity. Reernltment and appoilltment of Dew tr•5tees CoryOPiiV¢ trustee5 are 8pw)inted by existing M]sttts and 5¢rY¢ for five years and may FK rewwint for five year terms. Nominative trustees 8Je appointed by th¢ tmdon Borough of Bamet {LBBI foT four years and may reappointed by LB3 for fiwther 4 year terni5. Th¢ Charity r¢cognise$ that people its most iMportl as and indwtion and 02ining is provided for all Trustee& stsff and volunt¢er& Th¢ followingchangt5 10 trtee5 occureddurÈngthe y. Mr Stephen L¥JLe AprK>itrted a5 Chaim)aft March 2024, re-aplnted a5 trust¢eNovember 2024 Elected a5 Vic¢ Chairnian M8JGh 2024, ltappota as trustee Mdrth 2024 ApIntl duringFebTU8ry 2024 ApFX)inted during May 2024 Mr5 Helena Davts tr¢ Cllrzfjhra Beg CllrEdith David Nominative trustee Nominative trustee Mr Stephen Lane rigned as Chairtnan on 18 March 2025, bLrt will r&nain a Irustrt until the end of hi$ appointment period. Mrs H¢lenaDavis w&% aptx)iMa as Chairtnan on 18 Mwch 2025. Risk mxrtAgement The trustxs hav¢ a duty to ideDtify and revicw the risk5 to which the charity is ex[$ and to ensure appropriate controls are is] p18Lf to provide reawthle a55uranr¢ against frwd and error. The Tn&sttts baw@ &8 %al. met thTtt times during 2024 aE]d havc kept a close WCh on the Charity's activitie& They W15h to acktK>wledge their most g•efu] thanks to the Clerk and visitor. MT5 Jane Porter. None of this va]uable Service to people in in the lMUnity wuld have been provtd¢d wtthoutheT eifi¢ient at)d Lwbng SCTVlCe. Approved by the IKI and sigrd on tts behaifby: Mrs Hdena t>dViS. Trustee
Illdepelldent ExAmin¢r'$ RepDrt to the Trnstets Of VAlentitse Poole Charily Independilltexaminerfs reportts the trnstees of Vakntlne Poole Chaiity I rqjort to the charity tru5txs on my examit>atioTh ot the a£ts of Valwtine P1¢ Charity {the Tnst} for th¢ ye4 eTHkd 31 De¢¢mbcr 2024. Re5PDDsibilities aod b5ig of Yeptyrt As the charity trusiets of the Trust you ar¢ r[)n8]I]e for the preparation of the accounts in aCrdCe with the requirements ofthe Charities A¢t 2011 I'thc Art'l. I report in respect of my e1amittIo of the Tntst's accourtts ¢orried out under S¢L'iion 145 ofthe ALI in carryU out my examinatioth I have followed applicable Directions gÉven by the Charity Commission under Section 14515)Ibl of theAc Indepthd¢ntexmineVs statement I have completed tny eXami[tIOn. I ¢onfinll that matrriai rnatte have eome to my attenti in nnEctIon with the ¢KamI[tiOn giving me cause to b¢lieve that in any material respect: a¢¢ounting reLx)rd5 wcre not kept iTr re5JXCt of the TrtaS Jyquired by Section 130 ofth¢ A or the a¢Unts (kn not accord with thos¢ r¢cori&' or the accounts do not comply with the applicable requi]Yffl¢nts concemittg the fonn artd (x)tJtent of acwunts set out in the Chariiies (Acwunts and Re[$) Regulations 2008 other than any requirement that the xeounts give e attd fairwiew which is noiamatter co$idered &8 of an independent ek¥ninatiorL I have ¢A)nc¢rns and h&v¢ come aLYoss EK> other MterS in conn¢Gtion wÉth the ¢xaJnination to which attention should ik drawn in this T¢POrt inorderto enable a properund¢Ystandingofthe&tounts to ber¢a¢hd. Andrew Hill Cartwrights Chan¢r¢il Accountants and Business Advisors Regency House 33 Wood Stre Bam Hertfordshire EN5 4BE Date..
Valetstitie PoDk Charity St41¢metot Fith#llel•l Activities forthe Year JI December2024 31112r24 Totsl funds 311llQJ Totsl fuods Unn4tricted Endowment fultd NOIES INC0Th Af4D ENDOWMENTS FROM Inve5bn¢nt income 54.429 25.1)94 79523 77,173 EXPENDITURE ON Charitable wctivlizes Direct charitable exp¢Tlture 53.524 21,514 75.038 75.919 Net gaiD5 investment5 14.079 14,079 18,872 NET INCOME Transfers betw¢on funds 17,659 {3582) 18564 20,126 12 3,582 Net movtmellt ITh 4.487 14.077 18J64 20.126 RECOP4CII,IATION OV FUNDS Total fvnds bn)ught fonvard 195.852 573,440 769292 749,166 TOTAL VUNDS CARRIED FORWARD 200,339 587,517 787.856 769292 The not¢s form partof thes¢ fiftanci statem•
V&l¢ntlll¢ Poole Cbaiity Balance Sheet 31 December2024 31112124 Total fond5 31112n3 Total fuad5 Ullmtiicted Y0VI¢t Dd f¥d5 Nolt5 FIXED ASSETS Inv¢sbn¢nts 10 587,518 587.518 573,440 CURREf+iT ASSETS Cash at bank and in hand 210,111 205,627 CREDrroRS Amoun15 fallin8 due withiE] oneyear 19,773} {9,773) (9.7751 IYET CURRENT ASSETS 200J38 2tM>,338 195.852 TOTAL ASSETS LESS CURREiYf LIABILITIES 200J38 587,518 787,856 769.292 NET ASSETS 2.338 587,518 787,856 769.292 FUNDS Unresthcted fid5'. G¢n¢ral fund ENlowmenL fv.. Investment fimd Investment fimd Fixed itrtercst fijnd Equities fvnd 12 21KI.338 195.852 98213 191199 26.906 2702 96,(M4 187.953 26.108 263,335 587,518 573.440 TOTAL FUNDS 787,856 769,292 The finan¢iaJ statements were appTr)ved by the Board of TnJst¢¢S ond authori8&1 for issu¢ on ..o.%..1.7...l.Ja.s....... aÈMÈ were signed on its behalf by: Mrs Helen& thvi5- Trusiee The notes fom? partofthese finwJ¢ial statanats
Valentit Poole Charity Notss to the Fzn#nti81 StatstDertts forthe Ye4r Elldd 31 De¢Èmbtr 2024 AccouNfiNG POLICIES B8sis of pr¢p8ringtb¢ fillaucbAI 51atemwts The financial stat¢memL8 of the ¢harity. whith is a publiG btrtefrt entity Lmder FRS 102, have been pr¢parcd itl ¢¢tordance wilh the Charities SORP IFRS 102) 'Aeu>unting and ReFQrting by ChatitL¢S.' Statement tsf Recommended Pradico applicable to charities preparing their accounts in accordance with the Financial ReltIng Star)dgrd applic&bl¢ in the UK dnd Republi¢ of Irdand (FRS I02} leffeuive l Jgnuary 20191,, FitJat)cial Reporting Standard 102 'Tk Financial Rq)ot1ing Standard applicabl¢ in the UK and Republic of [reld. and the Charities Act 2011. Th¢ fuwicial statement5 Ikv¢ been prepared under the historical Ix)sl Conventio with the exiytion of investment5 whi¢h are included at rnk& valu4 as JniKiifird by the T¢v8iuation of r¢rtatn assets. 1come All irKom¢ is recogni5d in the Statemeni of Financial Activitie5 once the chority h&8 entitlement to the it 15 p]obable that the it)Me will b¢ rtsrivcd at]d the aMotlft b¢ m¢asur¢d reltably. Expenditure Liabilities are recogtused &8 expthdittre as s(K)n there 15 a I¢8 or constructive obliwion collllnittinE the chaJity to that expBnditure. it is probable that a transfer of wnomic knefits will be reiwired in ttlement atMI thc amount of the obligation oj be measured reliably. Ex)1t¢ 15 attounfrd for ot) an acerua15 h&%tS 2nd has been clwifjed under headings that aggregate ail eost related io the catgory. Where costs canrM>t be directty attrtbuted io particular heathDgs they have been aElocated ty a¢tivtties on a basi5 consistent with thE use of r¢50urces. Grants offered subject to cotIOnS whieh have bew rnet at the year end Ilat¢ are ted as a committnem but i accrued ex1diDjrC. AIIocAtion athd apportioNm¢nt of costs Supwrt Gosts are thos¥ that &8sist the work of th¢ Charity but do not directly repre8en tharitsble tiVitieS clud¥ office c05t5. governarKe costs and admiDisiMtiv¢ pa)Yoll costs. They are incurred directly in supwrt of exp¢nditur¢ OD the objects of the Charity. Where supix)rt Costs ¢aniiot be directly atiributable io ticUlar IKadings they have k¢n allocated iv cost of raising funds aDd ¢xrKnditUTe on chitable a¢tivitie5 on & basis consistent with the of r¢sour¢¢s. The a[lYSiS of the8e fA)Sts is included ]ater in the tJot&s to thtte fJnancia] stai¢ments. Tan¥li bit fixed a&sets D¢prwiation 15 provided at fv following oAJnual ratrs in order to writ¢ off each ¢1 over its ¢stimweA useful lif Compuw equipttKnt 25% oneost Taxatio The cl]arity is exempt from t&K on its ¢haritsble tIVities. Futtd 2Ctounting unrestrict can bc US in accordgnee with the charitable obiectiV¢5 at th¢ discretton of the tru5te¢s. Restrcted fiJnd5 C4n ollly be usd for particular restriL%ed punx)ses within the objects of the ¢twity. R¢stii¢tions arise when specified by the dot)oror when ful$ are raisd for particulgy r¢$trtcttd pur[M)s. The ¢tdowment fi4nd of the ChaTity is InV¢¢d ill vartous irtvesrments. ITLv¢styn¢nt8 are vdu¢d at theÈr o market vaiL 81 the balance 5herf date. Aoy net inL%>ming or outgoing Jts0w E¢ftsTe inveslment gains or losses are transferred to the u[£5(riCt1 fimd. Any untra]ised sutpl or defjcit on majuation of investments i5 mainthined in the enth>wmeni fill. 1£85 Whe there is a pBnnanent dimimrtion in value. in which thi$ would bE tmsfetted to umystricted fid$. continued..
Valentie PooleChxrSty Notes to th¢ Fiuancial Statements-eothtinwed forthe Y*#r Ended 31 Deeemb¢r2024 AccouNfING POLICIES-tontiDDed Donaled ¥oods The charity doe5 not receive any donated 8d$ from the g&Jeral publi IMTESTMENT INCOME 311J2124 Totsl funds 31112123 Totsl fuDds UnSleted Endowment funds fuDd5 R¢nts received Investment income Deposit&ccount inte 47,IKiO 47,000 25,094 7,429 47,000 24,085 6,088 25,094 7,429 54.429 25.094 104.617 77.173 TOTAL RESOURCES EXPENDED Gr#nt fundiug of ctivitie5 {$Èe note Support ¢0sts {8ee ote Sl 4) Tota Dire¢t Glwttable expMditUTe 57.125 17.913 75,038 CRAN[5 PAYABLE 31112124 31112t23 Dire¢t ¢haritable exp¢nditUTe 57.125 56.731 SUPPORT COSTS Govern8n¢e hqaaaeement Tot914 Dirrct cl]aritabl¢ eKpcndittJre 16.430 1.483 17.913 OTHER 311J2n4 Totgl futtd$ 31112n3 Totsl f#nd$ Unre5tiiet¢d Endowment fund$ fua41 Suptx>rt(xbsts 17.913 17,913 19.188 continu...
Valet)tlne Poole Charity Notes to the Fin4ncl Statements- forthe Ye*r Ended 31 Devmber 2024 TRUSTEES. REM15P4£RATION AND BENEFITS There w¢te trustees. remuner&ion or other ]tfits f(K th¢ year ded 31 DecembeT 2024 EM)r for the year end(31 Decctnber 2023. Trustees, expen5ts There were trusiees, expens¢s paid for the yeBJ thded 31 December 2024 nor for the year ded 31 Deeemb¢r2023. STAFF COSTS 31n2124 31112123 Wages and salaries 12210 11.688 12210 11.688 The av¢ monthty rtw))berofefflploytts duringth¢y¢arwas as follows: 31J12n4 31112123 Administraiion No employffs received emoluments in exttssof £60.000. TANGIBLE FIXED Assrrs Computer e4UiPmttJt COST At l Jsnuary 2024 and 31 Decetnber2024 657 DEPRECIATION At l 38JJuary 2024 and 31 De¢ember2024 657 Nrf BOOK VALUK At 31 Decemb¢r2024 Al 31 D¢¢ember 2023 The freehold land 5Ltuat¢d itt Southgate, Lotmknn N14, w&8 doTOtul to the ¢lwity in 1624 and has rEver in fortllally valu•J. Freeholdlgnd is includdst I £llil c05t inthe balance sheet. Intheopiniotj of the ISteel th¢ market valu¢ of the frttltold land and buildings i5 ex¢essof£lmillion. The t¢[}1$. Asquith C¢Jurt Scknol, pay 8 rent of £47,0 per annum. contLnurAL..
Val¢HtinePool¢ Charity Nfytes to the FinantiAI Ststements- coRtin¥¢d for the Year Ended 31 December2024 Jo. FIXED ASSET INVESTMENrs Ch4rhles Fii*d IDtsrtst FDxd Equities Iest. FuJJd£l unlts Investment Fllnd TotsL8 MARKET VALUE At l January 2024 Revaluations 283.997 6.415 26,108 798 263.335 6.865 573.440 14.078 Ai 31 Decemlxr 2024 290,412 26,906 270,200 587,518 NET BOOK VALUE At 31 D¢cetniKr 2024 29Q412 26,906 270200 587,518 At 31 Decemb¢r2023 283,997 26.108 263.335 573.440 Th¢rt were no tnvestrttentws¢ts outside the UK. InVestmej #re inclLuled Bt¢h)sing mtd-markct valueat the balance sh¢¢t dat CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112124 31112ll3 hercr¢dito 9,773 9,775 MOVEMENT IN FUNDS Net ovMieDt ID thnd$ Transfers be¢wee d$ At 31112n4 At IIIA4 Unrtstiitted funds General 195,852 3.582 200J38 Ed0mellt Invesiment fi]nd Investment fund FIX interest fund Equitics thnd 2.169 4,246 798 10,447 98,213 192,199 26.906 270,200 187,953 26,108 263,335 (3,5821 573,440 17,660 {3.582) 587.518 TOTAL FUNDS 769,292 18.564 787,856 -iO- L¥)ntittued...
ValeDtiAePookCbarity P40ts8to the Sttements- fontinue forthe Yegr Ended 31 DeeembeT 2024 12. MOVEMEKr tN FUNDS- contifjued Net movemetti tn fi]nd8, included in the aknve are as follows: Rtsourtts ¢xpÈnded MovemDt in r¢souree5 loss¢s Unrestrltted fund$ O¢neral fvnd 54.429 (53.525) 904 EDdDwmtlltfuDd$ Inveslln&rt fi]nd InvegllTrent fid Fixed iniertst fi]nd Equities nd 1672 5.232 674 16.516 (2.6731 (52321 1674} (12,934} 2,170 4246 798 6,865 2,169 4,246 798 IOA47 25.094 {21513) 14,079 17.660 TOTAL FUNDS 79,523 {75,038) 14.079 18J64 CoMratiV¢S for movtrtiellt Net movement ds TrAD$f¢rs b¢¢ween At 31112nJ At Iiin3 Unrestritltd fund5 GeneTal fvnd 19V98 {&716) 7,970 195.852 Endmvmerttfvnd$ Investment fimd Invcsbnent fund Fixed tnt¢r¢st fund Equitie5 fiuld 87,961 171135 &083 15,818 1.308 1,633 96.IM4 187.953 26,108 263.335 269.672 17.970) 554.568 26,842 17,9701 573,440 TOTAL FUNDS 749.166 20.126 769292 continued...
V#ietytiNe Pook Charity Notss to the FiDancial Ststements- for the Yt¥r Ended 31 Detemb¢r2024 MOVEMENf IN FUNDS. coDliBwd Comparative EKt movemwtt io included the th)ve are as fol]ows: ID¢omiDg CaiD5 Movement in fund¥ expended Unrtstricted fvnds General fund 53.088 (59,804) 16.716) Ettdowment fund$ Investment furjd Inwestment fund Fixed inter¢5t fvnd Equiti&8 fid 1637 5,160 598 15.69) (2.6371 (5.1601 1598) {7,720) 8.083 15.818 1.308 {6J37) 8.083 15,818 1,308 1,633 24.085 116.115) 18,872 26.842 TOTAL FUNDS 77.173 (75,919) 18,872 20,126 13. RELATED PARTY DISCLOSURES Ther¢ w¢reno re12ted paty traTLsactions fortheyear ended 31 December 2024. 12-
V*iett¢h)e Poole Charity Detsiled Sfatsmut of FinAneial A¢tiviti¢$ for the Year End¢d 31 Detemb¢r2024 31112r24 Total filllds 31112ll3 Totsl Unrtstrieted Endowment fuDd$ fuDd8 INCOME AND ENDOwmEs Invtstmtnt Income Rents reiVed Investment income Dep051t account inteK8t 47,000 47.IKM) 25.094 7.429 47.000 24.085 6,088 25,094 7,429 54.429 25,094 79.523 77,173 Total ixcoming rw>urcey 54,429 25.094 79.523 77,173 EXPENDITURE Charitablp #rtivilies fjrts to individugls 35.612 21J13 57.125 56.731 Sllppirt costs Mallg4gemeDI Wages Reftt InsurgJ](K Teltphone Posiage and 5tatiOT Advertising Comput¢rrunning 12,210 1,605 670 12.210 1.605 670 11,688 410 75 611 410 75 611 398 75 16.430 16.430 15,948 Govern#n¢¢ Costs A¢eowitancy PrOfs1OnaI fees 1,483 1.483 1.440 1,800 1,483 1.483 3240 Total resources ¢xpeThled 53.525 21513 75,038 75,919 Net ineome 3,581 4.485 1254 This pw does not form part ofthe stattrtory financial statemtnts -13.