**REGISTERED CHARITY NUMBER: 236902**
**Report of the Trustees and**
**Unaudited Financial Statements For The Year Ended 31st December 2023**
**for**
**The Aberford Almshouses**
F E Metcalfe & Co Limited Chartered Accountants 4 Old Market Place Ripon North Yorkshire HG4 1EQ
**The Aberford Almshouses**
## **Contents of the Financial Statements For The Year Ended 31st December 2023**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Notes to the Financial Statements**|9|to|15|
|**Detailed Statement of Financial Activities**|16|to|17|
**The Aberford Almshouses**
**Reference and Administrative Details For The Year Ended 31st December 2023**
**TRUSTEES** D Stainton Chairperson (resigned 11.3.23) C Hassell (resigned 30.4.26) R Reed Vice Chair C Wilton R Stephenson (resigned 4.7.25) A Hogg (resigned 1.4.23) Mrs N Griffiths Chairperson T Robbins (resigned 30.4.26) S Bradley (appointed 23.3.26) Cllr S J Firth (appointed 1.5.26) **PRINCIPAL ADDRESS** Parlington House Beech View Aberford Leeds West Yorkshire LS25 3BX **REGISTERED CHARITY** 236902 **NUMBER INDEPENDENT EXAMINER** F E Metcalfe & Co Limited Chartered Accountants 4 Old Market Place Ripon North Yorkshire HG4 1EQ **BANKERS** The Co Operative Bank 1 Balloon Street Manchester M60 4EP
Page 1
**The Aberford Almshouses**
## **Report of the Trustees For The Year Ended 31st December 2023**
The Trustees present their report with the financial statements of the Charity for the year ended 31 December 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) for Social Housing Providers 2018 and applicable accounting standards.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The purpose of the Charity is to manage Almshouses, to afford independent living for the elderly, poor and needy people. The main criteria for meeting its objectives are that the Almshouses be available on payment of a maintenance contribution to elderly, poor and needy people who (except in special cases to be approved by the Charity Commissioners) have resided for a period of not less than two years in a beneficial area consisting of Parlington, Aberford, Lotherton, Garforth, Sherburn-in-Elmet, Church Fenton, Barkston Ash, South Milford, Saxton and Barwick-in -Elmet, with a preference in the first place for those having been resided in the first four ancient townships mentioned.
## **Public benefit**
The Trustees have reviewed the Charity Commission's guidance on the requirement to report on public benefit. The Trustees are satisfied that the work of the Charity and its policies and procedures accord with its stated objectives and provides tangible public benefit. The criteria used to assess those who may benefit comply with its Governing Document and are not unreasonably restrictive. The Charity has taken due regard in its policies for the public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
The principal activity of the trust is the letting of almshouses.
The Trustees are satisfied that, in continuing to provide low cost accommodation, ensuring that the Almshouses are maintained to a good standard and that occupancy levels are high, they have met their objectives. Trustees consider the operations of the Trust during the year and the postion at the end of the year were satisfactory.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The Weekly Maintenance Contribution (WMC) paid by residents is the principal source of funding for the Almshouses.
The Trustees set the WMC at a level anticipated to cover the annual budgeted operating costs of the Trust.
The Trustees continue to implement increases to the Weekly Maintenance Contributions, within the guidelines laid down by Homes England, to ensure that the Charity generates a sufficient surplus to meet its capital commitments on the mortgage.
Additionally, continuous efforts are made to control costs across all areas of expenditure.
Page 2
**The Aberford Almshouses**
**Report of the Trustees For The Year Ended 31st December 2023**
## **FINANCIAL REVIEW**
## **Reserves policy**
Day to day repairs and maintenance are charged to the income and expenditure account as and when they occur. An amount for repairs during the next financial year is budgeted for and agreed by Trustees at their December meeting.
The Charity operates a cyclical repairs and maintenance reserve to meet any costs in excess of annual budgeted expenditure.
An extraordinary repair reserve in excess of £105,000 is held at the Co Operative bank.
Additional reserve funds in excess of £23,000 are held in the Charities Official Investment Fund managed by CCLA.
The Charity also holds reserves in excess of £60,000 which are held in M & G's Charity Multi Asset Fund..
£20,000 is ring fenced in the Current Account to support the cyclical repairs and maintenance reserve but any unexpected costs incurred are met from the Extraordinary Repair Fund..
Each year the Trust adds funds to the Extraordinary Repairs Fund. The amount is in line with the amount recommended by the Almshouse Association.
The Trust includes an amount in reserves to enable it to operate without the Weekly Maintenance Contribution income for a period of six months.
The Trustees review the level of reserves held at each Trustees meeting and consider the current level of reserves to be more than adequate.
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources in operational existence for the foreseeable future. For this reason the Trustees continue to adopt the going concern basis in preparing the financial statements.
## **FUTURE PLANS**
The Charity plans to continue its present activities in the future. Funds are available to meet future needs where those have been identified.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The governing document of the Charity is a deed dated 22 July 1913, amended 26 July 1960 and approved by the Charity Commission.
The Charity is a member of the National Association of Almshouses and is also a Registered Social Landlord with The Homes and Communities Agency.
## **Charity constitution**
The Almshouse is a Registered Charity (number 236902).
The Almshouse Trust is registered with the Regulator of Social Housing (Registration number A0230).
## **Recruitment and appointment of new trustees**
The are no specific requirements in the Charity deed relating to the appointment of Trustees.
The Trustees may appoint a Clergyman of the Church of England and have sought to have a representative from Leeds City Council on the Board.
Other than the above, new Trustees are approached based on the personal recommendations of those already on the Board.
Page 3
**The Aberford Almshouses**
## **Report of the Trustees For The Year Ended 31st December 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The Charity operates twenty eight almshouses located at Parlington House, Beech View, Aberford.
## **Decision making**
The Charity is managed by a Board of Trustees.
During 2023 the Trust had eight Trustees who met on a regular basis.
Any decisions requiring Trustees authorisation which were taken between the full meetings were agreed via email or telephone and ratified at the next full Trustees meeting.
The trust operates under the Charity Commission's guidelines and follows advice from the Almshouses Association.
Policies are reviewed on a regular basis.
A cashbook of receipts and payments is maintained by the Clerk (in line with the Charities Act requirements). Summaries of all expenditure and income are reviewed at each Trustees meeting. Reasons for variation from budget are discussed and any remedial action required is agreed by the Trustees. A small amount of petty cash is held by the Scheme Manager with all expenditure being checked and reconciled by the Clerk on a periodic basis.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ R Reed - Trustee
Page 4
**Independent Examiner's Report to the Trustees of The Aberford Almshouses**
## **Independent examiner's report to the trustees of The Aberford Almshouses**
I report to the charity trustees on my examination of the accounts of The Aberford Almshouses (the Trust) for the year ended 31st December 2023.
## **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 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
G L Evans
F E Metcalfe & Co Limited Chartered Accountants 4 Old Market Place Ripon North Yorkshire HG4 1EQ
Date: .............................................
Page 5
**The Aberford Almshouses**
## **Statement of Financial Activities For The Year Ended 31st December 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
31
**Charitable activities**
4
Social Housing
137,477
Investment income
3
4,405
**Total**
141,913
**EXPENDITURE ON**
Raising funds
99,381
**Charitable activities**
5
Social Housing
59,863
**Total**
159,244
Net gains/(losses) on investments
3,701
**NET INCOME/(EXPENDITURE)**
(13,630)
**RECONCILIATION OF FUNDS**
Total funds brought forward
570,673
**TOTAL FUNDS CARRIED FORWARD**
557,043|Restricted
funds
£
-
-
-
-
-
-
-
-
-
10,083
10,083|31.12.23
31.12.22
Total
Total
funds
funds
£
£
31
22
137,477
145,248
4,405
2,879
141,913
148,149
99,381
58,807
59,863
57,063
159,244
115,870
3,701
(4,616)
(13,630)
27,663
580,756
553,093
567,126
580,756|
|---|---|---|
The notes form part of these financial statements
Page 6
**The Aberford Almshouses**
## **Balance Sheet**
## **31st December 2023**
|Notes
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Investments
10
Prepayments and accrued income
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
12
**ACCRUALS AND DEFERRED INCOME**
15
**NET ASSETS**|Unrestricted
funds
£
2,082,392
89,206
2,555
108,104
199,865
(25,316)
174,549
2,256,941
(51,929)
(1,647,969)
557,043|Restricted
funds
£
-
-
-
10,083
10,083
-
10,083
10,083
-
-
10,083|31.12.23
Total
funds
£
2,082,392
89,206
2,555
118,187
209,948
(25,316)
184,632
2,267,024
(51,929)
(1,647,969)
567,126|31.12.22
Total
funds
£
2,083,102
85,505
2,036
157,070
244,611
(31,886)
212,725
2,295,827
(67,102)
(1,647,969)
580,756|
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 7
**The Aberford Almshouses**
## **Balance Sheet - continued**
## **31st December 2023**
|**FUNDS**
16
Unrestricted funds:
General fund
Extraordinary Repairs
Restricted funds:
Garforth Old People's Shelter Fund
Almshouses and Land at Aberford
**TOTAL FUNDS**|448,982
108,061
557,043
10,082
1
10,083
567,126|471,898
98,775
570,673
10,082
1
10,083
580,756|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N Griffiths - Trustee
............................................. R Reed - Trustee
The notes form part of these financial statements
Page 8
**The Aberford Almshouses**
**Notes to the Financial Statements For The Year Ended 31st December 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Social Housing Providers SORP 2018 and the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured 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 fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Depreciation is not charged on the housing properties as this is considered immaterial due to the very long useful economic life and high residual value.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular 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 explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
Donations
|31.12.23|31.12.22|
|---|---|
|£|£|
|31|22|
continued...
Page 9
**The Aberford Almshouses**
## **Notes to the Financial Statements - continued For The Year Ended 31st December 2023**
## **3. INVESTMENT INCOME**
|Bank account interest
COIF Income
NAACIF
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Rents
Social Housing
Service charges
Social Housing
**5.**
**CHARITABLE ACTIVITIES COSTS**
Social Housing
**6.**
**SUPPORT COSTS**
Information
Management
technology
£
£
Social Housing
54,045
137
Support costs, included in the above, are as follows:
**Management**
Wages
Consultancy fees
Insurance
Regulation fee
Postage, stationery and telephone
TV Licence
Training fees
Quinquennial inspection|31.12.23
£
1,478
265
2,662
4,405
31.12.23
£
136,492
985
137,477
Governance
Other
costs
£
£
2,769
2,912
31.12.23
Social
Housing
£
39,434
10,140
3,097
300
663
159
252
-
54,045|31.12.22
£
163
264
2,452
2,879
31.12.22
£
144,258
990
145,248
Support
costs (see
note 6)
£
59,863
Totals
£
59,863
31.12.22
Total
activities
£
34,882
10,050
2,730
300
495
159
-
2,994
51,610|
|---|---|---|
continued...
Page 10
**The Aberford Almshouses**
## **Notes to the Financial Statements - continued For The Year Ended 31st December 2023**
## **6. SUPPORT COSTS - continued Information technology**
**----- Start of picture text -----**
||||
|---|---|---|
|31.12.23|31.12.22|
|Social|Total|
|Housing|activities|
|£|£|
|Computer and I.T expenses|137|137|
|Other|
|31.12.23|31.12.22|
|Social|Total|
|Housing|activities|
|£|£|
|Cleaning materials|122|190|
|Sundries|26|-|
|Subscriptions|494|438|
|Garden maintenance|1,417|1,264|
|Depreciation of tangible fixed assets|533|652|
|Loss on disposal of tangible fixed assets|177|-|
|2,769|2,544|
|Governance costs|
|31.12.23|31.12.22|
|Social|Total|
|Housing|activities|
|£|£|
|Accountancy|2,544|2,340|
|Payroll fees|368|432|
|2,912|2,772|
**----- End of picture text -----**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
## **8. STAFF COSTS**
The average monthly number of employees during the year was as follows:
**----- Start of picture text -----**
||||
|---|---|---|
|31.12.23|31.12.22|
|Administration|2|2|
**----- End of picture text -----**
No employees received emoluments in excess of £60,000.
continued...
Page 11
**The Aberford Almshouses**
## **Notes to the Financial Statements - continued For The Year Ended 31st December 2023**
## **9. TANGIBLE FIXED ASSETS**
|Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1st January 2023
2,079,378
34,535
Disposals
-
(2,666)
At 31st December 2023
2,079,378
31,869
**DEPRECIATION**
At 1st January 2023
-
30,811
Charge for year
-
533
Eliminated on disposal
-
(2,489)
At 31st December 2023
-
28,855
**NET BOOK VALUE**
At 31st December 2023
2,079,378
3,014
At 31st December 2022
2,079,378
3,724
**10.**
**CURRENT ASSET INVESTMENTS**
31.12.23
£
Listed investments
89,206
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.12.23
£
Other creditors
25,316
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.12.23
£
Other creditors
51,929
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
31.12.23
£
Amounts falling due within one year on demand:
Mortgage
14,831
Almshouse loan
-
14,831||Totals
£
2,113,913
(2,666)
2,111,247
30,811
533
(2,489)
28,855
2,082,392
2,083,102
31.12.22
£
85,505
31.12.22
£
31,886
31.12.22
£
67,102
31.12.22
£
15,276
1,575
16,851|
|---|---|---|
continued...
Page 12
**The Aberford Almshouses**
## **Notes to the Financial Statements - continued For The Year Ended 31st December 2023**
## **13. LOANS - continued**
|**LOANS - continued**|||
|---|---|---|
||31.12.23|31.12.22|
||£|£|
|Amounts falling between one and two years:|||
|Mortgage - 1-2 years|14,831|15,276|
|Almshouse loan - 1-2years|-|788|
||14,831|16,064|
|Amounts falling due between two and five years:
Mortgage - 2-5 years|37,098|45,829|
|Amounts falling due in more than five years:
Repayable by instalments:
Mortgage
**SECURED DEBTS**
The following secured debts are included within creditors:
Mortgage
Almshouse loan|-
31.12.23
£
66,760
-|5,209
31.12.22
£
81,590
2,363|
||66,760|83,953|
## **14. SECURED DEBTS**
The mortgage is secured against the net book value of the properties.
The Almshouse loan is secured against the Almshouse properties held by the Charity.
## **15. ACCRUALS AND DEFERRED INCOME**
The Social Housing Grant was awarded as a contribution towards the capital costs of a scheme and is shown separately on the balance sheet under deferred income. This is due to the continued conditions that the grant would not be recovered until disposal of the property.
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Extraordinary Repairs
**Restricted funds**
Garforth Old People's Shelter Fund
Almshouses and Land at Aberford
**TOTAL FUNDS**|At 1.1.23
£
471,898
98,775
570,673
10,082
1
10,083
580,756|Net
movement
in funds
£
(7,095)
(6,535)
(13,630)
-
-
-
(13,630)|Transfers
between
funds
£
(15,821)
15,821
-
-
-
-
-|At
31.12.23
£
448,982
108,061
557,043
10,082
1
10,083
567,126|
|---|---|---|---|---|
continued...
Page 13
**The Aberford Almshouses**
## **Notes to the Financial Statements - continued For The Year Ended 31st December 2023**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
141,913
(152,709)
Extraordinary Repairs
-
(6,535)
141,913
(159,244)
**TOTAL FUNDS**
141,913
(159,244)
**Comparatives for movement in funds**
Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
449,363
27,663
Extraordinary Repairs
93,647
-
543,010
27,663
**Restricted funds**
Garforth Old People's Shelter Fund
10,082
-
Almshouses and Land at Aberford
1
-
10,083
-
**TOTAL FUNDS**
553,093
27,663
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
148,149
(115,870)
**TOTAL FUNDS**
148,149
(115,870)|Gains and
Movement
losses
in funds
£
£
3,701
(7,095)
-
(6,535)
3,701
(13,630)
3,701
(13,630)
Transfers
between
At
funds
31.12.22
£
£
(5,128)
471,898
5,128
98,775
-
570,673
-
10,082
-
1
-
10,083
-
580,756
Gains and
Movement
losses
in funds
£
£
(4,616)
27,663
(4,616)
27,663|
|---|---|
continued...
Page 14
**The Aberford Almshouses**
## **Notes to the Financial Statements - continued For The Year Ended 31st December 2023**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Extraordinary Repairs
**Restricted funds**
Garforth Old People's Shelter Fund
Almshouses and Land at Aberford
**TOTAL FUNDS**|At 1.1.22
£
449,363
93,647
543,010
10,082
1
10,083
553,093|Net
movement
in funds
£
20,568
(6,535)
14,033
-
-
-
14,033|Transfers
between
funds
£
(20,949)
20,949
-
-
-
-
-|At
31.12.23
£
448,982
108,061
557,043
10,082
1
10,083
567,126|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Extraordinary Repairs
**TOTAL FUNDS**|Incoming
resources
£
290,062
-
290,062
290,062|Resources
expended
£
(268,579)
(6,535)
(275,114)
(275,114)|Gains and
Movemen
losses
in funds
£
£
(915)
20,568
-
(6,535)
(915)
14,033
(915)
14,033|
|---|---|---|---|
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2023.
Page 15
**The Aberford Almshouses**
## **Detailed Statement of Financial Activities For The Year Ended 31st December 2023**
||31.12.23|31.12.22|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|31|22|
|**Investment income**|||
|Bank account interest|1,478|163|
|COIF Income|265|264|
|NAACIF|2,662|2,452|
|**Charitable activities**|4,405|2,879|
|Rents|136,492|144,258|
|Service charges|985|990|
||137,477|145,248|
|**Total incoming resources**|141,913|148,149|
|**EXPENDITURE**|||
|**Raising income**|||
|Rates and water|9,099|2,769|
|Light and heat|52,663|41,138|
|Day to day repairs and maintenance|26,789|12,628|
|Major extraordinary repairs|6,535|-|
|Mortgage interest|4,295|2,272|
|**Support costs**|99,381|58,807|
|**Management**|||
|Wages|39,434|34,882|
|Consultancy fees|10,140|10,050|
|Insurance|3,097|2,730|
|Regulation fee|300|300|
|Postage, stationery and telephone|663|495|
|TV Licence|159|159|
|Training fees|252|-|
|Quinquennial inspection|-|2,994|
||54,045|51,610|
|**Information technology**|||
|Computer and I.T expenses|137|137|
|**Other**|||
|Cleaning materials|122|190|
|Carried forward|122|190|
This page does not form part of the statutory financial statements
Page 16
**The Aberford Almshouses**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**For The Year Ended 31st December 2023**|||
||31.12.23|31.12.22|
||£|£|
|**Other**|||
|Brought forward|122|190|
|Sundries|26|-|
|Subscriptions|494|438|
|Garden maintenance|1,417|1,264|
|Depreciation on fixtures and fittings|533|652|
|Loss on disposal of tangible fixed assets|177|-|
|**Governance costs**|2,769|2,544|
|Accountancy|2,544|2,340|
|Payroll fees|368|432|
||2,912|2,772|
|Total resources expended|159,244|115,870|
|**Net (expenditure)/income**|(17,331)|32,279|
||||
This page does not form part of the statutory financial statements
Page 17