Charity rwjistered number.. 235579 XLCHESTER TOWN TRiIST TRVSTEES REPORT AND IJNAUDITED FIIIANCIAL ATEmE•Ts FOR The YEAR EVIDED 31 DECEMBER 2021
Trustees Report and Unawlited Financial Statem*ts For The Year En¢led 31 December 2021 Page Charity Informatitsn Trustees, Relrt Independent Examinerfs Report StatemeTht of Finantial Actlvities Balance Sheet Notes to tle Finanoal Statements 8-13 Detailed Statement of Financrdl Attivttie5 - Town Hall 14 Detailed Statemert of Financral Acbvities - Sportsfield 15
Charity Infomwtion For The Year Ended 31 DKemb•r 2021 Trustees hristine Jessop (SANHS nominee) Graham Mottram {IPC nominee) {Chairnièn) Stelk Plcklor Susan Small (WI Chair) Harok1 Williams MKhoel Edviards lapp)inted l November 2021} Clrk Maxirte liead Charlty Number Prlnclp•l Addrn• 235579 The Town High Street Ilchester Yeovil 8A22 8NQ Indep•nd•nt Ex•mln•r Govin Brown FCCA Davld Collard and Co nd¢)h Road Taunton TA2 68J Page I
Trustees. Report For The Year En(ld 31 Decem1 2021 The trustees present their annual rew•rt vth the financral statements of the tharity for the year ended 31 December 2021. The trustees have adopted the prOvlOn5 of Accounting and ReportiTrJ by lJwrits"es: Statement of Recommended Practice applicable to tharities in preparing their accounts in accordance with the Finanoal Reporting Standarij applicable in the UK and Republlc of Ireland IFRS 1021. CHARThABLE OBJEcrs The upkeepi repair and tn61rtenan of the commtsnity centre and the museum. Any charitable Pufposes for the general bet of the inhabitrnts of Ilchester. ADMIMISTRATIONIGOVERNANCE The Ilche5ter Town Trust is constituted by a Deed of Tnlst and is a registe charity, nurnber 235579. its atldress rs Mrs Maxine Reaé, Clerk to the Tnjstees, The Town Hall. High Street. Ilchester. Y1. Somerset BA22 8NQ. The Charty is currendy administered by seven Tnjstees: one Mrnate(j by the Ilch&%ter Parish Counal. one Mminated by the Somerset Archaeological and Natufal History Swety and five co-opted. Nominated TtseS and co-opted Twstees seThe for period of five years, with the option to extetmj for a second term rf required. The Tnrtees as of 31st Dember 2021 are.. Mr Graham Mottrèm (Chairman),. Mrs Susan Small {Wl-chaIrmanl. Mrs Catherine Dob50n,' Mrs Stelk Pickford. Mrs Christine Jessog; Mr Harold Williarn5. and newly appointed Mr Michael E¢Jwards {Octobtr 20211. Mr Peter Siggenden resigned from the TDJ5t on 6th April 2021. The Trust is attempting to recruit additional Trustee5 with the alm of reaching nine committee members. The Trust uses HSBC and the National Westsnin5ter Bank, both in Yeovil, for baDkirMJ services. At the t)eginning of the year the Trust had eight accounts acr055 the iwo companie5, but this has been StmIled in 2021 to IX)n5iSt of a 5avtng5 and current account wsth HSBC, and a current 6ccount with Nat West. HSBC has stsrted char9irwJ a rrK>nthly fee for holding a tharity bu5ine55 current account, along with vafious transaitional fws acrc6s both accounts. The Nat W¢st account works in conjunLtson with the HSBC acu>unt and finan$ are managed to aVOKJ unnecessary fees against the tharity's finances. The Trusts continue to use the servKe5 of Messrs Porter Dodson. so1Ors of Yeovll. for any legal 5UPPWt and pSentatiOn. OBJErnVES. AcnvrriES AND ACHIEVEMEltrs Governan of the charity decrees that any income garnwed in the hrst instantr 15 to be applied to maintain the assets of the Trust. This includes the Llthoster Town Hall, Community Cenire, Museum, plus the Pavillon and Sports field. and secondly for any charitable purposes for the general benefft of the inhabitants of I1(tr. The charity employs three members of staff. all on a part-time basis. these are: The Clerk to the Trv5tees, a resident Careraker at lJ)e Town Hall, and a S)rts field Supervsor f the Sports Fields and Pavilion. The Town Hall is a GraJe 2 Building afMI is an extremesy expensive building to njn and maintain. The Trustees have begun a strategic review of its activtbes and Condje that they will continue to operate the Town Hall into the future and will invest gradually in improvements. The Market Cross on the Town Hdl green was kThxked (k)wn by a drunk driver in the Èarfy hours of 4 August 2017 and has been an ongoin9 Issue until the summer of 2021 when stonemasons Boden and Ward commenced the rebuild this historic monument. The Market Cmss wès completed at the end of Ortober 2021. The Trust a ajrrendy consulting with Insurers to recoup any expenditure made by the Trust over the 4-year period. Works to repair the perimeter vrfallin9 Iocatsd at the Roman Centery is now vIrtllY complete and the Trust will be looking to consolidate thè rÈmaining stone wall in the Mm1d of the Land. v4hich is oJrreniYy unstable. In April 2021, an ecologist started surveying for dorrnice, bats, and badgefs within the cemetery. No works can commerKe ot the Cemetery until the survey has completed which will tske approximately one year. Guide(I tour5 (that are held on the perirrter of the cetery) were put on hold during the pandemic, but HistorK EngkAntl have been informed that these will Commen in the Spring of 2022. The Town Hall and pavilion have always been a popular venue for hire by both the locBI community and clients further af+eld, but for a second year these assets have been severefy h*t by h)ck¢Jown and the need to stop use within the facilities. Doors were finallv opened halfviay through the year, at the of june 2021. but it has ha(b a masgve impKt on incorne th6t the hall and pavillon would norrnally garner. Client bkIr¢g5 are a valuable source of revenue and when perniitted. the yee$ can be booked by various mean5. This year a website has been created for the Trust and although this is still urmler (onstruction Is used to promote what the Hall and Pavilion have available for hire. along side the regular classes, Club5, and ffleetings that have stsrted to reconvene. The hall wa5 Used as a polllng station durtng k)cal elettions whlch went ahead in May 2021. Page 2
For The Year En¢l¢d 31 December 2021 {c•nth¥ue41) OBJECTIVES. ACTivrrIES AND ACHIEVEMENTS (¢•htlnued) The Town Hall hosts a Library/commurnity room and a museum. and these continue to be popular when open. The Museurn Is run solely tsy volunteers and Is nomially open to the publFc from Easter until the entl of September every year. It has been closed throughout 2021 to er6ure the safety of our volunteer5. Weekly car boot saS were welcomed baL at the end ( june and the Trnst hekl a sh¢wtened season that fjnished at the end ol September. The car boot sales raised in the region of £7k, which ts approxlmatÈly one third ofthe rKsnnal income from these 5ale5. The income generated is invaluable and goes towards running cs)Sts and the fuiLtre development of the Sports fi'eld. Voluntary help from the local community plays a mats)r part in the running of the car bt sales aThJ Sp(wts field in general, whlch Ml5 the homè ground for Il¢hester Youth Football Club. FINAMCIAL REVIEW Income from the Town Hall & Mv5eum amountsd to £5,74512020: £13.603). fnve5tment Income from the Endowment Fund, was £40,894 {2020: £38,305). The expen¢lture Incurred on maintainin9 the Ilchester Town Plall & Community CeNtre and Museum las shown in rhe unre5trfcted Deslgnated Town Hall Fund) was £30,59812020: £33,018). Support Costs Intrea5e sllghtly to £7.707 from £7,596 In 2020. resultlng In total resources expended OF £38,30512020.. £40,614). The Unrestrlcted Oesl9nated Sports-lbeld lund had totsl I¥nirj resour$ of £12.714 12020.. E6,0291. Total resources expended were £40,330 12020.. £41,635). The net loutgoingl resources of the Unrestrkted 9Th0ted Sports-field fund was a deflcit of E27,616 (2020.. (£35,606)). The Charlty's pollcy for ijetemiining the level ol reserves Is to retsin sufficient to be able to Jeal with any major repalr %york or other unforeseen expense arising In the next year together wlth day to day nJnnlng expenses. Unrestrlrted ReseThes on 31st December 2021 amounted to £480,859, of whlch ÉL59,867 Ls cash. The Chadty has o)ndurted a revlew of the major rtsks to whkh the Ch)rlty 1$ expos•J, arKI have been establlshed to mltlgate those sk$. Page 3
For The Y•ar Ended 31 December 2021 (continued) STATEMENT OF TRvsfEES' RESPONSIBIimES Charity lèw QUI the Twstees to ppare finarKkil statements for each finanoal year which show a true and fair view of the state of affairs of the Chority and ts financial activities for that period. In preparing those financsal statements the Trustee5 are requlred to.. sekrt sultsble accounting F4)IKies and conystently appty them: obseNe the methods and priKiple5 in the charit SORP- make }udgernents and estimate5 that are reasonable and Fyudent.. stste whether applicable accounting standards and statements of rerommeThJed rract1 have been followed, subject to any departures disclosed and explained In the finanoal staternents. and prepare the flnanclal statements on the golng concern basis unless Is InapprOate to presume that the Chartty wlll tontlnue In operatlonal extsteTh. The Trustees are responslble for keeplThJ proper xcountbng records whkh d1¢>$¢ wlth reasonable Kcur4¥Cy at any tyme the financial position of the Charity and to enable them to ensu that the finanoal statements comply with the Chorities Act 2011. They are also responsible for safeguar(Iing the assets of the Charity and hee for takin9 reasonable steps for the prevention and detectlon of fraud and other irregularities. The Trustees have approved the Trustee's Report above and the ¥companyin9 accounts whlch have been prepared in accordance with the Charity Scheme, the Charities Act 2011 èhd Statement of RecomrneTrJed Pra(tlcÈ appllcable to charfties preparSng theSr accounts in accordance wlth the FlTrandal Rep)rting Stondard Jppllcable In the LIK and Republlc of Ireland IFRS1021 (Charities SORP IFRS 102)). On beholf of the board Graham Mottram Chalrman Z4 2a22
Ilchester Town Trust For The Ye•r Ended 31 Decembet 2021 I report to the charity on my examination of the acownts of Ilclster Town Trust for the year ended 31 December 2021. Responslbllltles and basls ol report: As the trustees of Ilchester Town Trust you are reSsible for the Fryaratlon of the In accordan with the requirements of the Char$ Act 2011 (he Arf). I report In respert of my examlnatlon of the Trust's accounts carrd out under sectioTh 145 of the 2011 Att In canylng out my examlnation, I have followed all the applioble Directions given by the Charity C¢)mmission under sertion 14515)Ibl of the Act. Ind•pethdent lmIneS ststem•nt: I have complete(I rny examination. I confirm that materièl matters hove corne to my attentK)n whth glves rr cause to believe that, in any material respert.. countlfig records were not kept In attOrdan with secth)n I30 of the Ch)rlty¢s Act. or The accounts do not accofd wlth such records: or the accounts dld not comply with the appllcable regulMentS concernlng the fom and content of accounts set out In the ChatieS (Accounts and Reports) Regulations 2008 other than any wuirement that the accounts give a'tfue and falrf vlew 4Yhich Is not a matter ¢onsMlered as wt of an Independent examinaiion. I have no concerns and have come across other matters In connection wlth the examin0tn to whkh attentlon $IUbd be drawn In this report in order to enable a proper understandry of the accounts to be reached. Gavln Brown FCCA David Collard and Co Brunel House Indon Road Taunton TA2 6BJ Date 27 October 2022 Page 5
For The Year Ende4131 December 2021 Unrestrleted Restricted En41owment Totsl fund5 T+)tal fund8 funds funds fuTrds 2021 2020 INCOME In¢om¢ and endowm•nl• from." Donations and legacies Charitable activitses Raislng fund5 Investments 27,100 ,037 11.599 6.845 15 11,599 6,845 40,894 30,224 Total 18.459 40*94 59.353 65,361 EXPENDrnJRE Ralslng lunds: Car boot sale - dlrert costs 766 766 loo 7fjfj 766 100 Ch•rltsbl• •ctl¥ltl•s: Town Hall Sportsfield Rornan Cernetery 38,305 39.554 38,305 39.554 2,166 40,614 39.554 1,830 2,166 77,859 166 Total 78,625 166 NET 114COMei(EXPEMDITURE) BEFORE INVESTMENT GAIN51(L055ES) (60,166) (1166) 40094 (21.438) {18.718} Net 9aln5 on Investments NET IIICOME/(EXPEt401TURE) (60,166) 40,894 (19,272) (4166) 15.025 (17.191) 40,894 (21,438) 75.996 Transfers between funds NET MOVEMENT IM FUMDS 15,025 (21,438) 75.996 RECONCILIATIOPI OF FUNDS: Totsl funds brought forward 1 288 305 1 790,602 1 714 606 TOTAL FV14DS CARRIED FORWARD io 465.834 1.303.330 1,769,IfA 1.790.602 The tte5 on pages 8 to 13 fomi part of ihese finanrJal statements. Page 6
As at 31 December 2011 2021 2020 14ot•S FIXED ASSETS Tangible èssets Heritage assets Investments 318,020 314.298 1.399,107 1.288,305 1.717.127 1.602.603 CURRENT ASSErs Debtors Cash at bank and In 4.484 159,867 4,539 186 730 X64.351 191,269 Cr•dltor•: Amounts I114 du• wlthln ¢)n• ywr (1.512) {3,270) NET CURRENT ASSETS 187 999 TOTAL AsseTS LESS CURRENT LZABILMES 1 879,966 1 790 602 1.879.966 1.790.602 FUNDS Unrestrirted funds Restrlcted funds Endov4ment lunds io 480,859 485,106 17,191 1 288,305 io io TOTAL CHARrrY VUNDS 1 879.966 1,790.602 On behalf of the board Graham Mottram Chalrrnan Date 2aZ2 The notes on p•ge5 8 to 13 fom p)rt of finonLial statements. Page 7
F•rThe Year Ended 31 December 2021 l. Accounllng Pollcles 1.1. Basis of preparatlon of flnandal statements These accounts have been prepared under the historical cost convention with items recr#Jnised at cost or trartsacth)n value and have been prepare¢J in accordan with: the Statement of Recommended P1acti. Accounting Rewrting by Charitles rryaring their accounts in accordance with Financial RepDrting gèndard applK6ble in the UK and RepU1C of Ireland IFRS 1021. the Financial Reporknng Standard applicabk in the United kn"ngdom arm1 Rewblic of Ireland (FRS 102) and with the Charitses Art 2011. 1.2. Ineome Income is recognised in the Ststement of FinarKial Activlties ISOFAI when: the charity becomes entided to the resour. is more likely than mt that the tnJ5tees will recer¥e the resources: the monetary can be measured with suffioent reltability. 1.3. Expendlture abi14ties are retogn¢sed Whe It is likety than not that there is a legal or constructive ¢Jbligabon committing the chtrity to pay out resources and the amount of the obligatM)n can be measured with reasonable certatnty. Support Costs Support costs indude trntral funct5 have been alkKated to ty¥lty U)St c3tegcm in FKOPOttxsn to time spent by the clerk. 1.4. Tartgcble fixed assets depr10t•0 Tangible fixed assets are measured at cost less accumulated dewetiatK)n and any accumulated Impairment losses. Oepreoation is provided at rates calculated to write off dJÈ cost of the fixÈd assers. sS thelr estJmated resldual value. over their expected useful lives on the following bases- Freehold land Sports pitche5 Sports pavlllon Sports Ileld Improvements Equipment Over 50 year5 Over 10 years Over 4 yeaF5 Heritage fixed assets held in the permanent endowment are not capitalised or deprecioted to drfficvlty in obtaining reliable c05t informabon or valuations. 1.5. Fixéd asset inveslments Investments are included at closing mKI-market value in the balarKe sheet, any gain or knss on Investrnertt Is credited or tharged to the Statement of FinarKial Activities. 1.6. Fund accountlng Unrestntted funds are available for use at the discretion of the tsustees in further0 of the general objective5 of the charity and which have not been designated for other purr4)5ts. Designated funds cornprlse unrestricted funds that have t)een set ashle by the trustees for partlafrlar wrpose5. Restritted fvnd5 ore funds v4hich are to be v5ed in accordance with Sp]fiC restrictions imposeil by donors or which have been raised by the tharity for particular purp(w. The cost of ra1Th9 arHI administering ch fijnds are charge(l against the specific fund. 2. TruStS knmuneratlon and ExpoJw5 No reffluneration or other benefits froffl the (hanty were received by the trustees during the current or predIng year. I trustee {2020.. 11 was reimbursed for eXperl paid on bel4Alf of the ch*ity of £154 {2020: £4481. Paje 8
For The Year Ermled 31 December 2021 3. Ernployee Numbers •nd R•muneratlo The average nufflr of employees dwing the year wa$ 3 {2020- 31 2021 2020 Wages and Salae$ Employees national insurnnce 27,757 287 26,962 223 28.044 27,185 No employee recelveil emoluments in excess of £60,000. 4. Incomlng R••ourres unr•11( R•strkt•d Endowm•rt Tot•1 funds Tot•1 fund fitnds fvnds funds 2011 2020 Donatlons and Iogaclw: Covid 19 local authority grants Ilchester Youth Football tontributlon to goals and paSnt Ransom sMp contrlbutlons 10.000 1.450 15,650 27.100 Charlt4bl• actlvltl•ffj'. Hire of town hall Hlre of pavllion aThd grounds Herltaoe day Lease of ground$ 4.674 5,854 475 596 11.599 4,674 5,854 475 596 2,973 4,489 575 8.037 11,599 Ral•lng lund•: Cèr boot sale recelpts 6.845 6.845 6,845 6.845 Investments.. Black Rock distrfbutions recelved Bank Interest recelved 40.894 40,894 15 40,909 30,079 145 15 15 18.459 40,894 59,353 65.361 Page 9
For The Yur Ended 31 Derember 2021 Unrestrlcted Restrlcted Endowm•rt Tot•1 futhds T•t•l fund$ furtds funds fvnds 2021 2020 Ralslng funds: Car boot sale - dlrert C(6ts 766 766 loo 766 766 loo T¢)wn Hall: Caretakers sal Other cleaning costs Heat Ilght and water Insuran CornmunScatlons 9,283 255 4,950 2,386 1.805 8,937 330 928 263 9.283 255 4.950 2.386 1,805 .937 330 928 263 9,053 1.361 5.383 2,818 1,650 10.818 250 543 Repairs and maintenonc• Museum Costs SundrSes Hedtage lay out9ofjn9S Bank thorges Depreciatlon Allocated 5UPPQrt Costs 1,457 7,707 38.305 1,457 1.142 7,596 40,614 38,305 Sportsfield: Repèlrs and malntenance Insurance Buslne55 rates Heot Ilght and water Spotts supervlsor salary Cleoning costs Communtattons Depreciatlon Allocated supp)rt tosts S,440 2.386 116 1,146 7.756 71 785 16,713 5,141 39,554 5,440 2,386 9,157 1,879 1,146 7,756 71 78S 16.713 S,141 39,554 1,243 7,756 543 15,894 5.063 41,535 Rom•n C•m•t•ry: Repalrs and malntenance 2, 166 1166 2,166 1,830 1,830 78,625 166 Page 10
For The Year Ended 31 D¢¢ember 2021 6. Tangibk Asets Prte•Id Sports Pavlllon Free1ld Equlpm¢nt Equlpment Imprnvements Town Hall Sportsneld Tot•1 Cost As at L January 2021 Addltlons 48,880 15.650 33,156 338,095 27.983 38,948 1.347 71,220 4,895 558,282 21,892 As ot 31 December 2021 64,530 33.156 338.095 27,983 40.295 76,115 580,174 Oepreclatlon As at l January 2021 Charge for the year 119.110 27,983 36,799 60,092 243.984 As èt 31 December 2021 125,872 27,983 70,043 262 154 N•t Book Valu• As at 31 Oetember 2021 33.156 212.223 2.039 318.020 A5 at l January 2021 48,880 33,156 218,985 2,149 11,128 314,298 The followlng hedtage tlxed assets. Included at nll c05t, lorn part of the cha'S Permanent Endowment fund... Town Hall and Museum, Ilchester Iforynerly Old Town Hall and 32 Hl9h Streeil Green and Marker Cross frontlTrJ Town Hall. and Weighbrldge Roman Cemetery, Il¢hester Exhlblts In Museum Mace lon loan to County Museum} The charlty's assets are valued at E2,685.219 for Inswance purposes. Freehold land comprlses:" Land at Ilchester (Sportsfield) (cost 1993) Land at Ilchester (cost 19931 Land at Ilchester, Corporatlon Chjse Play Area èt The Mead, lichester Land ot prtory Road N69627 N61822 0877 16.69 acres 7.75 It5 33,380 15,500 64,530 The Land at Ilchestef Is leased annually lor a sum of £449. A voluntsry, professional ¥aluotlon cakulated that this was a fair and true valu¢. 7. Flx•d As•t lDv•¥tm*nts 2021 2020 Market Value at lit January 2021 Increase In market value 1.288.305 110.802 1,193.591 94,714 Market value at 31# December 2021 1,399,107 1.288,305 Investtnents at market value comprse:_ BLK Charities UK Bond Fund Distribution Un•t$ 82.885.103 BLK Charities UK Equity Fund DIstriLtI Units 174.286.785 152.260 163.284 1 125 021 1 399.107 1,288.305 Histodcal Cost as at 31" December 2021 495.538 495,538 Pa9e 11
Ikthester Town Trust Note to th• finandal Statements {tontlnued) For The Year Ended 31 D¢¢ember 2021 8. Dobtovs 2021 2020 Trode debtors Claim for Market Cross repalrs 97 152 4.387 4.387 4,484 4.539 g. Cr¢dltor: Amounts F•lllng Du• Wlthon One Yr 2021 2020 Other taxes ond soclal secUty Accruals and deferred Income 1,512 3,270 1,512 3.270 Page 12
Notes to the FlnaDcial Statements (cortinued} For The Year Ended 31 December 2021 10. Analys•s of Ch•ritable Funds 10.1 m0vennt In funds At l Jan Incoming Rewurrn5 In¥estm*nt Tr4thsfer5 At 31 Dec 2021 Town Hall 91.823 393.283 5.735 12,714 (38.3051 {40.3201 40,894 100,157 365,677 Sportsfield 485.106 18B49 (78,625) {2,1661 40,894 465,834 625 115,650} Roman Cwnetery Ransom Sthptr Priory Road 1.541 15,650 Restrfcted funds 17.191 (l166} 15.025) Town Hall and Museum, Ilchester Psjrchase of land at Priory Road Roman cetery. Ilchester Exhibits in Museum Mace lon loan to County Muwml BLK Charftles UK Bond Fund Distribution Units BLK Charities UK Equity Fund Distribution Units 15,650 (625) 15.650 1625) 163.284 1,125.021 4.973 35.921 {11,0241 {4,973) 157,233 121,826 135,921) 1,282,768 Endowmertt funds 1 288.305 40.894 110.802 {25 869 110.802 1.414,132 1,879 966 Total CrIty fvnds 1,790.602 59.353 80.791 10.2 Analysls of net •ssets between funds Unrestricted Restricted Endovmient At 31 Oec nds hbnds nds 2021 Year ended 31 December 2021 Fixed assets Current assets Creditors less than i year 318.020 164.351 (1,512) 1,399.107 1.717,127 164.351 (1.512) Net •ssets 480A59 1.399,107 1,879 966 unrestricw Re#riLted Endowment At 31 Dec furtds nds 2020 Ye•r ended 31 December 2020 Fixed assets Current asset5 Creditor5 less than i year 314.298 172,248 11.440) 1.288.305 1,602.603 191,269 3.2701 19,021 11,B30 485.106 17.J91 1.288,305 1.790,602 10.3 Detalls of restrlrted fvnds No restricted funds as ar 31 December 2021 Page 13
Detalled Stat*ert of Flnandal Actlvltles- Sportsneld For The Year Ended 31 December 3021 2011 2020 Xncomlng r¢swrre5". of pavilion and gmwids Car boot Sa - receipts Ilchester Youth Fcotball conlmbutyon to goats Bank interest 5.854 6,845 4,489 1,450 90 6,029 15 12.714 Resources ¢xpended on rnoslng funts: Car boot sale - direct costs 766 766 loo 100 Repalrs and maintenance Insurance Business rates Heat Ilght and water Sports supeNlsor salary Grants to local thatIeS and ouses Cleanlng costs Communicatlons Depretlotlon 5.440 2.386 IL6 1,146 7.756 9,157 1,879 1.243 7,756 71 78S 543 15,894 36,472 34.413 Support co•ts: Clerk's salary Oerk's expenses Independent examination Bank charges Aecountancy servlces 4,402 62 4,150 173 288 674 5,141 452 5,063 Tot•1 r¢•ourr•• expended 40,320 41,635 N•t mov•m•nt In fund <27.606) (35,606) Sportsndd d•51grhited fund brought forwartF 393,283 428 889 $port•fi•ld dl9t lund c•rrl•d fonw•rd 365 677 393 183 Pe 15