REGISTERED CHARITY NUMBER: 226116 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for RSPCA Bamslèy & District Branch
RSPCA Bamsley & DISt¢t Branch Contents of the Financial Statements for th8 Year End•(131 D8c•mbèr 2024 Page Report of the Trustees Independent Examiner's Report Statèm•nt of Financial Activitiès Balance Sheet Notès to th• Financial Statèmènts 9 to 14 Detailed Statement of Financial Activities 15 10 16
RSPCA Barnsley & District Branch Report of th8 Trusts•s for the Year Ended 31 December 2024 The trustees present their report with the financial slalemenls of the charity for the year ended 31 Dmber 2024. The ITuslees have adopted the provi510ns of Aocounling and Reporting by Charities.. Statement of Re[rnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. The charity trustees are responsible for preparing a Trustees, annual report and financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the stale of affair5 of the charity and of the incoming resources and application of resources, of the charrty for that period. In preparing the financial statements, Ihe trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the applicable Charities SORP., Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements., Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in bu51nes5. 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 enablè them to Ènsure that the financial statements comply with thè Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's websile in accordance with legislation in the United Kingdom governing the preparation and dissemination of finanaal statements. Page 1
RSPCA Barnsley & District Branch Report of th8 Trusts•s for the Year Ended 31 December 2024 OBJECTIVES AND ACTIVITIES The RSPCA Bamsley & District Branch is an unincorporated charitable association and a separately registered branch of the Royal Society for the Prevention of Cruelly to Animals Ilhe Society), cairying out its direct animal weKare work in the ale85 of Barnsley 8nd District. The objects of the Branch are to promote the work and objects of the Society - to promote kindness and to prevent or suppress cruelty to anirnals by all lawful means with particular reference to the area of the Branch, in accordance with the policies of the Society. This is consistent with our entry IN the Charity Commission register. The Trustees have reviewed the outcomes and achievements of our objectives and activities for the year, to ensure they remain focused on our charitable aims, and continue to deliver benefits to the PLJblic. Under the Ch81ilies Act 2011. the advancetnenl of aniTnal Weare is recognised 85 a distinct s18lulory charitable purpose. This legislation and the Animal Weare Act of the same year indicate an acceptance by society that treating living creatures with compassion has a moral benefit lor the public as a whole. Ihhilst this public benefit is clear, it is sometimes drfficult to quantify and must be balanced against any detriment. The Branch's animal welfare work. although local IN nature. benefits the Society al large, and also aims to help people in need with the care of Iheiranirlla15. All our charitable activitie5 focus on piornoling kindne55 and preventing 015uppressing ¢ruèlty to animals and are undertaken to furthèr these purposes for the public benèfit. We support our local Society Inspectors bytaking in. at the cost of the Branch, mistreated or abandoned animals, including pets whose owners suffer ill health or financial difficulties or pass away. The Society's Inspectorate las well as providing education. inforrnalion and advice) rescue5 anirnals in distress and enforces laws against the cruel mislrealmenl of animals In England and Wales by instigating piose¢Lrtions. This work is key lo the delivery of our objective to prevent 01 suppress cruelty and promote hum8ne sentiments lowaids anitllals which involve mor81 benefit lo humankind as 8 whole. Subject to meeting appropriate criteria the Branch provide subsidised veterinary Irealmenl for animals who are sick or injured and belong to local people on low incornes and in circumstances where they are unable lo provide such Iieatrllenl from Iheii own resouioes. This work benefits all Barnsley residents in need of financial assistance by giving them help lo obtain care for companion animals in need of veterinary treatment. We also provide subsidised neutering ol companion animals for those in the Branch area through a scheme whereby we pay 50°A of the total cost of the operation. This is beneficial to the health of the animals and helps to control cat, dog and rabbit populations to the overall benefit of the residents of the area. We also organise occasional rnicrochipping events. Both these activities serve the purpose of promoting responsible pet ownership. We rehome animals in need at low cost to people willing and able to have a Companion animal and who we assess through our'perfect match, process as suitable to care for the animal in question. Whilst the animals are in our care they receive veterinary treatment, vaccination, neutering, microchipping and are assessed for rehoming. Ownership of companion animals provkles rneasurable benefits to people's physical and mental health. Our policy to charge a reasonable adoption fee for animals aims lo highlight the ongoing personal and financial commitment of pel ownership. 11 would not be in the best inleiesls of animals, and therefore would fall outside our objectives, lo rehome lo those who ¢ould not afford them. The rehoming of abandoned. mistreated and unwanted animals is ¢onsislent wrth the rnain ¢haritable aim of this servicè, which is to reduce animal suffering. Ancillary to our rnain purpose of preventing and suppressing neglect and cruelty towards animals. we have set up a stray fund with a local veterinary practi whereby they can provide emergency Irealmenl and medical assistance to animals presented with injuries who are not microchipped or whose owners are untraceable. We take IN, free of charge. lost anima15 and lake steps lo ieunile them with owners. where possible. We have also prowded some finanal support Iwilhin agreed Iimilsl for the 'Trap. Neuter and Release, of eals in local feral colonies. This work benefits our local community Page 2
RSPCA Barnsley & District Branch Report of th8 Trusts•s for the Year Ended 31 December 2024 linduding local authoritiesl by preventing animals straying and posing a risk lo themselves and lo people through road Ir8ffic accidents, or spreading disease lo domestic cats. We offer free animal care advice locally through leaflets and materials available in our shops and elsewhere, and through our dedicated enquiries line. The public benefits through the promotion of responsible pet ownership and from knowing that we can intervene to assist anirnals in need. Imthin the temis of our goveming document, we support and work with (to mutual benefit) the National Society and other RSPCA branches. We provide volunteering opportunities for those who wish lo support our work, including trusteeship, fostering, supporting our shops. Iransportalion and fundr81sing. This benefits local people and companies by providing the possibility of doing work which is Mpa$S1Oale 8nd rewarding. ACHIEVEMENT AND PERFORMANCE The overall income for the year was £193,553 compared with £199,856 for 2023, a decrease of £6.303. Fluctuations in income are expected from time to time depending on a multitude of factors. Adoption fees have shown the greatest decrease, reflecting a lower throughput of animals due to complexity and length of care required in individual cases and the outbreak of an infectious disease (Ringworm) which adversely affected cat fostering capacity for a significant period. On the expenditure side the total spent wa5 £183.425 compared with £166,108 for 2023. an increase of £17,317. Many factors havè contributed to this. sueh as incrèasè in salariès. inflationary in¢rease in costs and higher than expected property maintenance costs. The consequence ol the above is that a surplLJS of £10,108 has been achieved in 2024 compared with a surplus for 2023 of £33,748. Details of income and expenditure can be found in the enclosed Income and Expenditure Account. In 2024 the branch continued lo revise existing policies and piocedures and introduce new ones to help us run efficienlty. The Branch employed 2 paid staff members at the end ol the ye81. being the 2 shop managers. We are oonlinually looking to recruit volunteers to support all of our operations, including in the shops, as catfosterers, trustees, or any other capaaty according to our needs and objectives The success of the Branoh and a¢hievetnenl of our outcomes Is dependent on the dedication of the network of foslereis, volunteers, fundraisers, veterinary practices, inspectors, AWOS, the B.P.M, our employees and Committee Members. The Branch Website, designed and maintained voluntarily by a branch trustee, provides an attractive shopwindow to our operations and activities. is a source of information and advice and is the main means by which animals for rehoming are connected with new owners. We also rnaintain a significant presence on social media Iprimarily Facebook) which assists us greatly in increasing awareness to the public. FINANCIAL REVIEW Investment policy and objectives Branth Inve51menls continue lo be held in a'safe" environment and not diieclly exposed to the fluctuation5 of the Financial Maikels. At the end of the financial year we had 2 short term notice accounts with Cambridge & Counties and Mansfield Building Society, with £75,000 invested in each account 1£150,0001. Given the level of funds in our current account we are proposing lo open additional'safe. accounts and review the existing accounts to provide the best achievable return. Page 3
RSPCA Barnsley & District Branch Report of th8 Trusts•s for the Year Ended 31 December 2024 FINANCIAL REVIEW Reserves policy Our ieserves as of 31st Decernber 2024 stood al £457.213 compared to £447,105 in the previous year. an increase of £10,108. Our current reserves equate to more than 2 years, necessary expenditure for the Branch, based on 2023 expendiluie. The Branch policy on reserves is to hold not less than 0 years, worth of expenditure and we can confirm that the charity is holding a significant amount more than the policy requires. A high level of reserves is considered piudenl gwen the economi¢ luibulence ol recent years including high inflation. Notwilhslanding, the Branch intends lo gwe priority consideration to the application of some excess iesetves to escalate its charitable objectives. We are actively taking steps to inttease our volunteer cat fostering community and are maintaining and potential growing a relationship with RSPCA Doncaster and Rotherham Branch in which we rent a number of cat pens in their animal centre at Bawtry, allowing us to care for and rehorne a greater number of kittens and adutt cats. We are also seeking to maximise our capacity to kennel and rehome dogs with our partners al Chesterfield Branch. We aim to cor)tinue to grow our capacity lo accommodate kittens and dogs and establish a comparable capacity for adutt cats. in line with local needs. We intend however lo continue lo accumulate reserves, as we have previousty considered the feasibility of opening a small animal welfare centre in our area and wish lo preserve our means of doing this over the mediutn terrn. FUTURE PLANS The Blanch'5 main aims ale lo continue lo maintain and increase the high level of animal welfare in the Barnsley & District aiea. lo help the Inspectorate and lo piotnole the work and objectives of the National Sooiety of the RSPCA. We intend lo develop a branch business plan to help us to do this In a more structured way and develop sustainable growth. Inevitably this will require LJS to attract more trustees to ensure that the Board has greater capaaty and depth, both to maintain current operations and facilitate growth. We will continue lo priorili5e the use of our fosleiing facilitie5 for anirnals coming directly frorn the in5peclorale. according to thè Souéty's requir8m8nts and it's priority to combat animal abusè and nèglèct. STRUCTURE. GOVERNANCE AND MANAGEMENT The charity remains conslituled as an unincorporated association. ahoUgh we will continue lo review the option of incorptsration should this appear to bs a more efficient way to achieve our objeetives. Thè charity operates as an autonomoLJS Branch of the National RSPCA, subject to its rules for Branches. The Committee, elected at the AGM, governs the Branch, and its rnembers are the Trustees of the Branch. All of the Trustees are briefed on the responsibilities as Iruslees prior lo their acceptance of the role. The Trustees hold month rneetings al which decision5 ale made. The monthly Committee rneetings monilor operational and financial matters and review the operational and business risks which are sel out in the branch Risk Register. along with rniligaling rnea5ures. REFERENCEANDADMINISTRATIVE DETAILS Registorod Charity number 226116 Principal address 45 High Street WoTnbwell Barnsley South Yorkshire S73 8HB Page 4
RSPCA Barnsley & District Branch Report of th8 Trusts•s for the Year Ended 31 December 2024 Trustee$ G Kirk Mrs J Robertson Ms l Kirk Mrs P Jobling Mrs A Rutland Iresigned 1316120241 Approved by order of the board of trustees on 18th June 2025 and signed on ils behalf by.. G Kiik- Trustee Page 5
Independent Examiner's Report to the Trustees of RSPCA Barnslèy & District Branch Independent examinerfs report to the trustees of RSPCA Barnsley & District Branch I report lo the charity trustees on my examination of the accounts of RSPCA Bamsley & District Branch Ilhe Trust) for the year ended 31 DeceTnber 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe ACYI. I report in respect of my examination of the Trust's accounts carried OLrt under Section 145 of the Act and in carrying OLrt my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Indèp•nd•nt èxaminèrfs statèmènt I have completed my examination. I confirm that no material matters have come to my attention in conneciion wrth the examination giving me cause to believe that in any rnaterial respect.. accounting records were not kept in respect of the Trust as reqLJired by Section 130 of the Aet", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities IAccouNts and Reports) Regulations 2008 other than any requirement that the accounts give a Itue and fair view which is not a rnaller 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. Susan Cochiane FCA. DChA Seven Hills AOuntsls Limited 57 Burton Street Sheffield S6 2HH Date.. 2510612025 Page 6
RSPCA Bamsley & Dlstrlct Branch ststement of Financial Activities for th• Yèar Endèd 31 Dacèmbar 2024 Notes 2024 Unrestricted fund 2023 Total funds INCOME AND ENDOWMENTS FROM Donations and lèga¢iès 5,131 3.050 Charitabl& actlvltlès Grant income 21,816 19,786 Other trading activities Investment income 161,208 5,378 171.283 5,737 Totsl 193.533 199.856 EXPENDITURE ON Raising funds 173,758 157,843 Other 9,667 8,265 Total 183.425 166.108 NET INCOME 10,108 33,748 RECONCILIATION OF FUNDS Total funds brought fonard 447,105 413,357 TOTAL FUNDS CARRIED FORWARD 457.213 447.105 The notes form part of these financial slalements Page 7
RSPCA Bamsley & Dlstrlct Branch Balance Sheet 31 December 2024 2024 Unrestricted 2023 Total fvnd fvnds Notes FIXED ASSETS Tangible assets 7,412 8,721 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 150 9,532 453,225 150 19,108 435,663 10 462,907 454,921 CREDITORS Arnounts falling due within one year 113,1061 116,53n NET CURRENT ASSETS 449,801 438,364 TOTAL ASSETS LESS CURRENT LIABILITIES 457,213 447.105 NET ASSETS 457,213 447.105 FUNDS Unreslri¢ted funds 457,213 447,105 TOTAL FUNDS 457,213 447,105 The financial statements were approved by the Board of Trustees and authorised for Issue on 18th June 2025 and were signed on ils behalf by.. Mr G Kirk- Trustee The notes form part of these financial statements Page 8
RSPCA Barnsley & District Branch Note$ to the Finan¢ial Ststsm*nt$ for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basls of preparlng thè flnanclal ststèmènts The financial staternents of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charitie5 preparing Iheii accoun15 in accordance with the Financial Rèporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (Èffectivè 1 January 20191,. Finan¢ial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitiès Act 2011. Thè financial statemènts havè bèèn preparèd under the historical cost convention. Income All income is re¢ognised in thè Ststement of Finanaal Activities on¢È the charity has entitlement lo the fund$, il is probable that the incomè will be received and thè amount ean be measurèd reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixèd ass&ts Depreciation is provided al the following annual rates in order lo write off each asset over rts eslimaled useful lrfe. Plant and machinery 15°/o on reducing balance Fixtures and fillings 15P/¢ on reducing balance stocks Stocks are valued at the lower of ¢ost and net realisable value. after making due allowan¢e for obsolete and slow moving items. Taxation The chaiity 15 exetnpl from tax on ils charitable activities. Fund accounting Unieslricted funds can be used in accordance with the charitable objectives al the discretion of the Iru51ees. Restricted funds can only be used for partiCLJlar restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explan81ion of the n8luie and purpose of ea¢h fund Is induded in the notes lo the finan¢ial $18tements. Hire purchase and leasing commitments Rentals paid Under operating leases are chaiged lo tre Slalernenl of Fin8nci81 Activrties on a 51raighl line basi5 over the period of the lease. Pension costs and other post.retirement benefits The chaiily operates 8 defined conlribLrtion pension scheme. Contributions payable lo the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 9 continued..
RSPCA Barnsley & District Branch Notss to th• Flnanclal Ststèm&nts - contlnu for the Year Ended 31 December 2024 OTHER TRADING ACTIVITIES 2024 2023 14e,895 14,313 148,S90 22,593 Shop income Adoption fees 161,208 171,283 INVESThfjENT INCOME 2024 2023 Deposit account interest 5.378 5,737 TRUSTEES. REMUNERATION AND BENEFITS There weie no Iruslees, iemuneralion or other benefits for the year ended 31 Decembei 2024 nor for the year ended 31 December 2023. Trustees. expenses Thereweie no Iiuslees, expenses paid forlhe yearended 31 Dernber 2024 nor foi the year ended 31 December 2023. STAFF COSTS The average monthly nutnbei of ernployee5 during the ye81 wa5 85 follows.. 2024 2023 Shop staff No employees received emolutnents in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fLJnd INCOME AND ENDOWMENTS FROM Donation5 and legacies Charitsble activities Grant income Other trading activvties Investment income 3,050 19,786 171,283 5,737 199.856 Total EXPENDITURE ON Raising funds 157.843 Page 10 continued..
RSPCA Barnsley & District Branch Nots$ to the Financial Ststèments - ¢ontinued for tha Yèar Endod 31 D8cèmb8r 2024 Other Total 8,265 166.108 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund NET INCOME 33,748 RECONCILIATION OF FUNDS Total funds brought forward 413,357 TOTAL FUNDS CARRIED FORWARD 447,105 INDEPENDENT EXAMINATION The independent examiners remuner81ion arnoun151o a fee of £915 and is included within accountancy and legal fees. TANGIBLE FIXED ASSETS FixtLJres and fittings Plant and machinery Totsls COST At 1 January 2024 and 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year 3,884 310 22,788 999 26,872 1,309 4,194 23,787 27,981 At 31 Decernber 2024 NET BOOK VALUE At 31 December 2024 1,755 5,657 7,412 Al 31 December 2023 2,065 6,656 8,721 STOCKS 2024 2023 stocks 150 150 Page 11 continued...
RSPCA Barnsley & District Branch Nots$ to the Financial Ststèments - ¢ontinued for tha Yèar Endod 31 D8cèmb8r 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 425 3,583 5.524 Other debtors VAT Prepaytnenls and accrued incoTne 5,997 9.532 9.532 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tradé cièditors Taxation and social security Other creditors 2,274 1,911 2.284 10.821 13.106 16.537 12. LEASING AGREEMENTS Minimum lease payments under non-cancellable operats'ng leases fall due as follows.. 2024 2023 Imlhin one year Between one and live years In more than five years 34.8tMJ 117,461 12fj.604 34.800 133,481 145,404 13. 278.865 313.665 MOVEMENT IN FUNDS Net movement in fund5 Al 31112124 At111124 Unrestricted funds General fund 447.105 10,108 457.213 TOTAL FUNDS 447,105 10,108 457,213 Page 12 continued...
RSPCA Barnsley & District Branch Nots$ to the Financial Ststèments - ¢ontinued for tha Yèar Endod 31 D8cèmb8r 2024 MOVEMENT IN FUNDS- continued 13. Nel movement in funds. included in the above are as follows.. Unrestricted funds Incoming resources Resources expended Movement in funds General fund 193,533 1183,4251 10,108 TOTAL FUNDS 193,533 1183,4251 10,108 Compaialives for movement in funds Net movement in funds At 31112123 Unr8strlctèd funds At 111123 General fund 413,357 33,748 447,105 TOTAL FUNDS 413,357 447,105 Cornparative net movement in funds, induded in the above are as follows.. Incorlling resources Resources expended Movement in funds Unrestricted funds General fund 199,856 116e,1081 33,748 TOTAL FUNDS 199,856 1166,1081 33,748 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31112124 At 111r23 Unrestricted funds General fund 413,357 43,856 457,213 TOTAL FUNDS 413,357 43,856 457.213 Page 13 continued...
RSPCA Barnsley & District Branch Nots$ to the Financial Ststèments - ¢ontinued for tha Yèar Endod 31 D8cèmb8r 2024 MOVEMENT IN FUNDS- continued 13. A current year 12 months and prior year 12 months cornbined net rnovement in funds, included IN the above areas follows". Incoming resources Resoureès expended Movemènt in funds Unrestricted funds General fund 393,389 1349,5331 43,856 TOTAL FUNDS 393,389 1349,5331 43,856 14. RELATED PARTY DISCLOSURES Throughout the year Iheie weie the following rel*ed party Iransaclions. A total of £21,816 was recewed in the year from the RSPCA Head Office in relation to door to door grantfunding. Our branch rents kènnèls from thé RSPCA Chasterfièld branch to aeeommodate dogs that Coma into our caré. RSPCA Chesterfield charge for the use of their kennels and care for and rehome our dogs on our behalf. DLJring 2024 we paid £9,900 lo the RSPCA Chesterfield branch for dog kennels. Our branch also rents kennels from the RSPCA Bawtry branch to accommodate cats. RSPCA Bawtry charge for the use oftheir kennels and care for and rehome our cats on our beha. During 2024 we paid £17,290 to the RSPCA Bawtry branch for cal kennels. Page 14
RSPCA Barnsley & District Branch Dètailed Statement of Finan¢ial A¢tiviti¢$ for the Year Ended 31 December 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Legacies 4,131 1.wo 3,050 5,131 3,050 Other trading activities Shop Inoorne Adoption lees 146.895 14,313 161,208 148.690 22,593 171,283 Investment income Deposit account interest 5,378 5,737 Charitable activities RSPCA door lo door grant 21.816 19.786 Total Incomlng r•sourc•s 193,533 199,856 EXPENDITURE other dIng activities Shop expendrture Veterinary fees Wages Pensions Kennel costs Miscellaneous animal costs 69.628 21,045 48,113 1.081 27,190 6,701 60.573 21,972 39,225 765 29,310 5.998 173,758 157,843 Support eosts Management Branch telephone and insurance Adrninistrative ¢0515 RSPCA head office contribution Plant and machinery Fixtures and fittings 1.350 1.392 1,378 310 998 5,428 1.279 1.229 364 1,175 4,047 This page does not form part of the slalutory finanual slalernenls Page 15
RSPCA Barnsley & District Branch Detailed Statement of Financial Activities for the Year Ended 31 December 2024 2024 2023 Other Sundries Governance costs Accountancy and legal fees Total resources expended 166 78 183,425 166,108 Net in¢ome 10.108 33,748 This page does not form part of the statutory financial staternents Page 16