## |Contents|Pages| |---|---| |Trustees' report|1-12| |Independent
auditors'report|18 15| |Statement offinancial activities|1I8-17| |Balance sheet|18| |Cash flow statement|| |Notes tothe financial statements|20-42| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |d|ergies
in post within the Dio|ces|e:|||||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| |(|Ministry Share Collection||||||87.2%|89.7%| ||Net income for the year on unrestricted
investments
and after transfers
between|||funds
funds|before losses/gains|on|8,189|(57,986)| ||Value ofgeneral unrestricted|reserves|||||4„391,026|4,905,223| ||Clergy positions:
Stipendiary
Non-stipendiary||||||60
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~.a||| ## ## |alance sheet as at 3|1D|ecember 2022|||| |---|---|---|---|---|---| ||||||2021| ||||Note|2022f|Restatedf| |Fixed Assets|||||| |Investments|||9|4,932,415|5,634,059| |Long Term Loans|||10|335,000|335,000| |||||5,267,415|5969059| |Current Assets|||||| |Debtors: due within one year|||11|553,439|364,634| |Cash at bank and
in hand|||12|1,081~153|1 247414| |Total current assets||||1,634,592|1,612,048| |Liabilities|||||| |Creditors falling due within|one year||13|{471,278)|{509,799)| |Net current assets||||1,163,314|1,102,249| |Total assets less current|liabilities|||6,430,729|7,071,308| |Creditors falling due after|more than one year||14|{33&i20~00|I335,000)| |Net assets||||609572II|67363II8| |The funds ofthe charity|||||| |Unrestricted
Funds|||15|4,381,026|4,905,223| |Designated
Funds
Total unrestricted
funds|||15|319,998
4,711,024|318,892
5,224,115| |Restricted funds|||||| |Ministry Area Transformation||Fund|15||64,392| |Restricted
Income Funds {Parsonage Maintenance
Fund and Church
Maintenance
Funds)|||15|19&,578|124,943| |Legacy and Benefactions
Account and Trust Funds
{Restricted Capital Endowment
Funds)|||15|1,186,127|1,322,858| |Total restricted funds||||1,384,705|1,512,193| |Total Charity funds||||8,605,72II|6.736 308| ## ## |Cash flow statement for the year|en|d|ed 31 Dec|ember 2|022|| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||2|| |Net cash flows from operating
activities|||||(329,063)|(333,382)| |Net cash flows generated
from Investing||activities||||| |Dividend
and interest from investments|||||139,750|124,100| |Purchase of investments|||||(735,717)|(1,189,307)| |Proceeds from sale of investments|||||781,122|1,244,037| |investment
Management
Fees
Net increase/(decrease)
in cash balances|held by Investment||||(19,475)|(19,600)| |Managers|||||17,122|(30,712!| |Net cash provided
by / (used in) investing||activities|||162,802|148,518| |Cash flow from financing
activities||||||| |Repayments
ofloans receivable||||||| |Repayments
ofloans repayable||||||| |Net cash provided
by/ (used in) generated|||by financing|activities||| |Change
in cash and cash equivalents|in the year||||(186,261)|(184,864)| |Cash and cash equivalents
atthe beginning|||ofthe reporting|||| |period|||||1,24'7,414|1,432,278| |Cash and cash equivalents
at the end|ofthe reporting|||period|1,081,153|1,247,414| |Reconciliation
of net income to net cash||flow generated||from||| |operating
activities||||||| |Net (expenditure)/income
for the reporting
statement offinancial activities)|||period (as per||(640,579)|758,942| |(Increase)/Decrease
in debtors|||||(188805)|(234,229)| |Increase/(Decrease)
in creditors|||||(38,521)|(102,934)| |Losses/(Gains)
on investments|||||659,11/|(650,661)| |Dividends
and Interest from investments|||||(139,750)|(124,100)| |Investment
management
fees|||||19,475|19,800| |Net cash flows generated
from operating||activities|||~329,063)|(333,3~82| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |5|Income||||| |---|---|---|---|---|---| ||||||Total| |||||Total Funds|Funds| |||||2022|2021| |5.1|Donations
and legacies|||6|E| ||Ministry Share assessed
by the DBF|||2,321,205|1,680,664| ||Contributions
from the Representative||Body:||| ||Block Grant|||387,475|615,270| ||COVID-19 Financial
Support||||778,665| ||Partnership
Funding|||264,000|| ||Church
Improvement
Grant|||36,250|37,500| ||Church
Improvement
Grant —Historic Sales Fund||||39,000| ||Diocesan Advisory
Committee|||8,333|8,333| ||Widows, Orphans
and Dependents|Grant|||4,300| ||Parsonage
Improvement
Interest (restricted fund see note 16)||||388| ||Grants and Donations
received:||||| ||Eastmoor Trust|||100,122|62,958| ||Gower Deanery
Ministry Share Assistance||Contribution|33,171|| ||Benefact Trust|||19,925|19,925| ||Isla Johnson Trust|||3,000|3,000| ||Diocesan Trust|||34,869|33,929| ||Parsonage
Repair Grants (restricted|fund|see note 16)|6,964|16,685| ||Widows, Orphans 5 Dependents||||237| ||Other Grants and Donations||||71| |||||3,214,314|3300925| ## ## ||||||||Total|Total| |---|---|---|---|---|---|---|---|---| ||||||||Funds|Funds| ||||||||2022|2021| |5.2|Charitable
Activides||||||6|6| ||Resource Centres —Administrative|||Services||||| ||Eastmoor Resource Centre, Swansea|||||||| ||Diocesan Centre, Brecon||||||3,638|1,502| ||Parsonage
Rental Income|(reseicted||fund —see note 16)|||72,638|61,960| ||Contnbudon
from Parishes||||||31533|4,948| ||Confribudons
from Diocesan||organfsafions||||2,640|2,890| ||Idanfage Ucence Fees||||||720|4,440| ||Other Income||||||457|| ||||||||83,626|75,740| |Incoming resources
from Charitable
561,960).||Activities includes||||Restricted Parsonage|Rental Income of672,638(2021|| ||||||||Total|Total| ||||||||Funds|Funds| ||||||||2022|2021| ||||||||5|| |5.3|Investments:|||||||| ||Fixed Asset Investments|and|Banks|||||| ||Income from fixed asset investments||||—listed||103,395|91,797| ||Income from Representative||Body Common|||||| ||Investment
Fund Units||||||1,237|1,180| ||Bank and money market interest||||||1,899|67| ||Other interest||||||878|385| ||Income from Investment
of|Bequests||||||| ||(619(2021:619)restricted|fund|—see|note 16)|||32,341|30,671| ||||||||130,200|124100| ## ## |or th|e year ended 31|D|ece||b|er|2022 (co|ntinued)||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||Total|Total| ||||||||||Funds|Funds| ||||||||||2022|2021| |5A|Other Income||||||||8|| ||Insurance
Claims||—restricted||||||172,340|184,492| ||Job Retention|Scheme|||Grant||—restricted|||6,066| ||||||||||172,340|190,558| |6|Expenditure|||||||||| ||||||||||Total|Total| ||||||||||Funds|Funds| |||||||||||2021| ||||||||||2022|restated| |6.1|Support for Ministry|||||||||F| ||Stipends 8Fees|||||||||| ||Stipends and|allowances|||||||1,406,737|1,609,778| ||Vacancy fees||||||||6,299|1,381| ||Council Tax||||||||126,479|129,366| ||Personages|||||||||| ||Maintenance
of Parsonages
(restdcted
note 16)
Insurance ofParsonage
Houses|||||||fund see|571,625
15,610|635,014
13,831| ||Custodians'
expenses||||||||16,070|9,378| ||Property
Rental||||||||9,944|| ||Clergy Expenses|||||||||| ||Archdeacons'|expenses|||||||9,250|5,181| ||Area Deans' expenses||||||||962|157| ||Removal
and|disturbance||||allowances|||27,553|19,291| ||Travel and other||expenses||||||2,297|3,966| ||Training|||||||||| ||Ordinands||||||||8,357|8,052| ||Continuing
Ministerial||||Education||||(13,142)|3,855| ||Readers||||||||267|380| ||Support Costs|||||||||| ||Provision
against|uncollected||||Ministry Share|||292,227|99,672| ||Write offofuncollectable|||Ministry|||Share||38,686|50,681| ||General Fund (see note 6.6)||||||||125,462|124,613| ||Restricted Parsonage||Fund||||||54,603|56,446| ||||||||||2,69~9286|2,771,041| ## ## |or th|e year ended 31December|2022 (continued)||| |---|---|---|---|---| ||||Total|Total| ||||Funds|Funds| |||||2021| |6.2|Support for Parishes||2022f|restated| ||Sector Ministnes|||| ||Rural Life Ministry||10,642|16,187| ||Social Responsibility||21,851|21,215| ||World Mission||1,534|134| ||Spirituality||870|78| ||Interfaith||1,408|| ||Older People||1,884|996| ||EcoChurch||62|116| ||Intercession||101|72| ||Evangelism
and Outreach||29,600|20,454| ||Statutory Education||43,790|42,286| ||Children,
Youth and Family||132,987|144,054| ||Diocesan Expenses|||| ||Ministry Area Development|Support|47,033|48,355| ||Diocesan Archivist||200|200| ||Eastmoor Centre||10,089|12,900| ||Diocesan Centre||34,076|29,591| ||Support Costs (see note 6.6)||132,343|126,135| ||||468,470|462,773| |||||Total|Total| |---|---|---|---|---|---| |||||Funds|Funds| ||||||2021| |||||2022|restated| |6.3|Church Property|||6|6| ||Inspections ofChurches||and Halls|4,152|9,548| ||Diocesan Advisory|Committee expenses||13,809|1B,057| ||Churches
and Pastoral||Committee expenses|1,693|1,606| ||Support Costs (see note 6.6)|||~42 128|42,730| |||||61 782|B9,951| ## ## ||||||Total|Total| |---|---|---|---|---|---|---| ||||||Funds|Funds| |||||||2021| |6.4|Other Financial Support||||2022
S|restatedf| ||Diocesan Bodies|||||| ||Bishop's Fund|||||12,000| ||Brecon Cathedral
Grant||||41,190|41,190| ||Diocesan Mission Fund||||52,222|15,789| ||Church Repair Grants||||12,626|14,290| ||Representative
Body|- Emergency||Repairs Fund|16,667|16,667| ||Parish Assistance
Fund||||52,065|20,125| ||Social Responsibility|Grants|||36,418|35,357| ||Widows Orphans
8 Dependants||Grants||16,581|11,664| ||Curate Support Grant|to Parishes|||10,500|7,500| ||Retired Clergy||||99|208| ||Anglican,
Ecumenical,
and other bodies|||||| ||World Mission Grants||||18,500|21,500| ||Cost of Living Grants||||15,525|| ||Llangasty
Retreat House Grant||||5,000|5,000| ||Other Grants||||1,500|1,000| ||Support Costs (see note|6.6)|||9,458
288~351|9,698
211888| |ateria|l grants
in the co|nte|xt oftotal expen|ditur|e are:-||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||6|| ||Faith in Families|(Social Responsibility|||Grants)|58,269|56,572| ||Brecon Cathedral|||||41,190|41,190| ||Representative|Body - Emergency||Repairs Fund||16,667|16,667| ||Bishop ofSwansea||&Brecon Fund||||12,000| |||||||Total|Total| |||||||Funds|Funds| ||||||||2021| |||||||2022|restated| |6.5|Communications|||||8|5| ||Communications|and Media||||1311|1,550| ||Newsletters
and|Diocesan Publications||||3,831|874| ||Support Costs|(see note 6.6)||||48,986|45265| |||||||54,128|472689| ## ## |or th|e year ended|3|1Decem|be|r 2022 (continued)||| |---|---|---|---|---|---|---|---| |||||||Total|Total| |||||||Funds|Funds| ||||||||2021| |||||||2022|restated| |6.6|Support Costs|~|Management||and Administration||| ||Salaries including||pensions|and|pension scheme||| ||contributions
(see||note 7.1)|||282,607|279,898| ||Staff and Office|expenses||||75,770|68,542| |||||||358,377|| ||Total support costs are charged||||to the Statement ofFinancial|Activities as follows:|| |||||||Total|Total| |||||||Funds|Funds| ||||||||2021| |||||||2022|restated| ||||||||6| ||Support for Ministry|||||125,462|124,613| ||Support for Parishes|||||132,343|126,135| ||Church
Property|||||42,128|42,730| ||Other Financial|Support||||9,486|9,698| ||Communication|||||48888
358333,|453264
348,440| ## ## |||||Total|Total| |---|---|---|---|---|---| |||||Funds|Funds| ||||||2021| |||||2022|restated| |Company|expenses|||13|13| |Audit fees||||12,059|10,092| |Diocesan|Conference|and Standing|Committee|1,678|141| |Bishop's Enthronement||||3,032|| |Governing|Body Meeting expenses|||25,931|5,946| |||||423713|16,192| ## ## ## |nalysis ofstaff co|sts and tru|stees'
|remuneration
and expe|nses|| |---|---|---|---|---|---| |||||Total|Total| |||||Funds|Funds| |||||2022|2021| ||||||6| |Salaries including|pensions|and pension scheme|||| |contributions|||||| |Salaries||||462,012|465,462| |Social security costs||||33,272|36,196| |Pensions||||5,425|5,029| |Pension scheme defined contributions|||(see below)|65,969|63,366| |||||566~878|572,053| |laries and r|elated costs are charged to the Statem|ent of Financial
Activities as follows:|| |---|---|---|---| |||Total|Total| |||Funds|Funds| |||2022|2021| |||8|r| |Support costs (see note 6.6)||282,607|279,696| |Support for|Parishes:||| |Diocesan|Officers|194,440|207,160| |Resource|Centre Staff|25,844|21,913| |Diocesan|Archivist|200|200| |Church Property:|||| |DAC Secretary||13,809|15,230| |Parsonage|Board|~49778|47,652| |||566,878|572,053| ## ## ## ## ## |Net income/(ex|penditure)||||| |---|---|---|---|---|---| |||||2022|2021| |||||6|| |Net (expenditure)/income||is stated after charging:|||| |Gains on disposal ofinvestments||||27,166|180,016| |(Losses)/gains|on revaluation||of investments|(686,283)|470,645| |Audit fee||||12,058|10,105| ## |or the year ended

Investments|3|1|De|ce|mbe|r 2022|(continued)|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Fixed|||| ||||||||interest|||| ||||||||debentures|||| ||||||||8 corporate|||| |||||Investments|||bonds|Unit bust|Other|Total| ||||||UK -|listed||investments|investments|investments| |Book and market value||||||||||| |At 1 January 2022|||||1,422,923||586,432|2,161,665|1,463,039|5,634,059| |Additions|||||289,147||246.296|180,663|22,489|718,595| |Disposals|||||(294,679)||(211,978)|(254,465)||(761,122)| |Gains on disposai||||||2,456|24,710|||27,166| |Losses on revaluation|||||||(~98876|(301,371)|(144,017)|(686,283)| |At 31 December 2022|||||1,277,828||546,584|1,766,492|1,341,511|4,932,415| |Fixed asset investments
are|held||as follows:|||||||| ||||||||||2022|2021| |Held in General Unrestricted||Funds||||||||| |Investment
assets
UK - listed|||||||||1,277,828|1,422.923| |Fixed interest debentures
and||corporate|||bonds||||546,584|586,432| |Unit Trust investments|||||||||1,766,492|2,161,665| ||||||||||3,590,904|4.171,020| |Other investments
comprise:||||||||||| |Held in General
Unrestricted||Funds||||||||| |29,552 (2021:29.652)Representative||||Body||||||| |Investment
Fund
Units|||||||||62,139|69,424| |Brewin
Dolphin
Cash Deposit||Account|||||||157,750|140,628| |General Unrestricted
Funds|||||||||219,&89|210,052| |Held m Restricted Capital,|Endowment||||Funds|||||| |Legacy snd Bene(actions|Account|||and Trust Funds||||||| |Held by Swansea and Brecon||Diocesan|||Trust||||569,340|641,509| |Held by the Representative|Body||||||||543,050|602,246| |Held by the Board ofFinance|||||||||9,232|9,232| |Restricted
Capital, Endowment|||Funds||||||1,121,622|1,252,967| |Total Other Investments|||||||||1,341xst 1|1,463.039| |Totat investments|||||||||4,932.416|5,634,059| ## ## ## |e year ended 31Decemb|er|20|22|(continued)|||| |---|---|---|---|---|---|---|---| |Concesslonary
loans|||||||| |||||||2022|2021| |General Unrestricted
Funds||||||5|| |Loans funded by representative||body:|||||| |Retired clergy equity
linked housing|||loans|||300,000|300,000| |Retired clergy non equity
linked||housing||loans||35,000|35,000| |||||||335,000|335,000| |Funds received from the RBCIW are applied to provide loans for retired clergy housing (see Note 15
Interest is receivable
by the Company
and the Company
pays an equivalent
amount of interest to the|||||||| |RBCIW.There are no specific|terms for|||the repayment|ofthe loans.||| |Debtors: due within one year|||||||| ||||||||2021| |||||||2022|restated| |||||||5|E| |General Unrestricted
Funds|||||||| |Parish share||||||1,251,830|922,010| |Grant Income Receivable||||||100,122|62,958| |Payments
in advance||||||25,194|18,947| |Parochial loans||||||30,286|18,843| |Bank interest and investment|income|||||27,493|26,098| |Miscellaneous
Provision for doubtful
debts|||||41,527
~1r226,45~1||29,847
I934,224I| |||||||250,001|14~4479| |Restricted Funds:|||||||| |Parsonage
tNaintenance
Fund|||||||| |Insurance
claim income||||||255,989|184,492| |Representative
Body —Improvement|||Fund repayment|||47,449|35,313| |||||||303,438|219,805| |Legacy and Bensfactions Account|||and Trust Funds||||| |Restricted
fund income receivable|||||||350| |Debtors due within one year||||||~553439|364,634| |These are analysed as follows:|||||||| |||||||2022|2021| |||||||5|r| |Other debtors||||||400,631|256,281| |Prepayments
and accrued income||||||1~52808|108,353| |||||||653,439|364,634| ## ## ## |12|Cash at bank and in|hand||||||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| ||||||||5|5| ||CAF Gold Account||||||351,361|793,500| ||Other cash balances||||||729,792|453514| ||||||||1081153|I 247 414| ||For further analysis see|note|19.|||||| |13|Creditors falling due|within||one year||||| ||||||||2022|2021| ||General Unrestricted|Funds|||||8|| ||Creditors Control||||||15,337|3,561| ||Representative
Body ofChurch||||in Wales||306,845|285,273| ||Ministry Share Paid in|Advance|||||84,950|97,898| ||Internally
invested
Restricted|||Funds|||9,232|9,232| ||Sundry creditors||||||46,830|72,482| ||||||||463,194|468,446| ||Restricted Funds:|||||||| ||Parsonage
Maintenance||Fund||(restricted|income fund)||| ||Creditors Control||||||8,084|4,854| ||Sundry creditors|||||||36499| ||||||||8,084|41,353| ||Creditors falling due|within||one year|||~71,275|511374II| ||These are analysed|as follows:|||||2022f|2021| ||Trade creditors||||||330,266|293,688| ||Other creditors
and accruais||||||141,012|216,111| ||||||||471,278|509,799| ||Movements
in ministry|share||paid
in advance||in the period are analysed|as follows|| ||||||||2022|2021| ||||||||8|| ||Ministry Share paid|in advance|||at start ofyear||97,898|157,084| ||Movement
in year||||||(12,948}|i59,186)| ||Ministry Share paid|in advance|||at end ofthe year||84,950|97,898| ## ## |or th|e year ended 31D|ecember 2022 (continued)|ecember 2022 (continued)||| |---|---|---|---|---|---| |14|Creditors falling due|after more than one year|||| |||||2022|2021| |||||2|5| ||General Unrestricted|Funds|||| ||Loans from the RBCIW||||| ||Retired clergy equity|linked housing|loans|300,000|300,000| ||Retired clergy non equity linked housing loans|||35,000|35,000| |||||335,000|335,000| |||~N
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44|II|| ## ## |18|Summary ofParsonage|Maintenance|Fund (restricted|income fund)||| |---|---|---|---|---|---|---| ||forthe year ended 31 December 2022|||||| ||||||2022|2021| ||||||E|| ||Income|||||| ||Contributions
from Diocesan Board ofFinance General|||||| ||Unrestricted
Income Fund||||417,829|453,934| ||Income from rented Properties||||72,63&|61,960| ||Interest on Improvement|Fund||||388| ||Insurance
claims||||172,340|184,492| ||Grants and Parochial contributions||||5,964|16,684| ||Other Income|||||| ||Total Income||||868,771|717,458| ||Expenditure|||||| ||Maintenance
ofPersonages||||547,001|611,655| ||Maintenance
contracts||||24,624|23,359| ||||||571,625|635,014| ||Administration||||54,603|56,446| ||Total expenditure||||626,228|691,460| ||Net surplus
for the year||||42,543|25,998| ||Fund balance brought forward at 1 January||||~28099|101| ||Fund balance carried forward at 31 December||||68,842|26,099| ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||5|| |Maintenance|costs||||||571,625|635,014| |improvement|costs|(borne|by|the|Representative|Body)|47,449|83,463| ||||||||619,074|718,477| ## ## ## ## ## |Financial|Instruments|comprise the following:|comprise the following:||| |---|---|---|---|---|---| |||||2022|2021| |||||6|6| |Financial|assets||||| |Investments
measured
offinancial
activity||at market value though|the statement|4,932,415|5,634,059| ## ## |19
Analysis ofnet assets|between funds|||| |---|---|---|---|---| ||Unrestricted|Designated|Restricted|Total| ||funds|Funds|funds|| ||8|5|8|| |Investments|3,810,793||1,121,822|4,932,415| |Long Term Loans|335,000|||335,000| |Debtors due within one year
Cash
Creditors due within one year
Creditors due in more than one
year|250,001
793,426
(463,194)
~335,00~0|319,998|303,438
(32,271)
(8,084)|553,439
1,081,153
(471,278)
$33~5,000| |Total|4,391,028|319,998|1,384,705|6,095,729| ## |revious
esr 'Restatedi||||| |---|---|---|---|---| ||Unrestricted|Designated|Restricted|Total| ||funds|funds|funds|| ||6||8|6| |Investments|4,381,072||1,252,987|5,634,059| |Long Term Loans
Debtors due within one year|335,000
144,479||220,155|335,000
364,634| |Cash|848,118|316,892|80,404|1,247,414| |Creditors due within one year
Creditors due in more than one|(468,446)||(41,353)|(509,799)| |year|(335,000)|||(335,000I| |Total|4,905,223|318,892|1,512,193|6.736 308| ## ## ||||Note|Unrestricted
funds|Unrestricted
dsslonaled
funds|Asslnsled
mlnlsey ares
lmnsfonnsden|Restricted
Income Funds|Restricted
endowment|mphal
funds|Tctsl
Charily
fulsls| |---|---|---|---|---|---|---|---|---|---|---| |||||||fund||||| |||||2021|2021|2021|2021||2021|2021| |Income from:||||||||||| |Donatlcns
end legsdes|||5.1|3,199,815|||101,110|||3,330,925| |Charitable
activities|||5.2|i3,780|||61,060|||75,740| |Investments|||5.3|04,132||||||124,100| |Other Income|||5.4||||190,558|||190,558| |Total income||||S,307,727|||303,500|||3,091,323| |Expenditure:||||||||||| |Raising funds:||||||||||| |Investment
management|coals|||10,000||||||19,600| |||||19,600||||||19,000| |Charitable
sctlvitiesr||||||||||| |Support
for Ministry|||6.1|2,063,521|||707,520|||2.771,041| |Support for Panshes|||6.2|341JI32||ff5/75|6,006|||402,773| |Church
properly|||6.3|69,901||||||69,951| |Other financial support|||6.4|I97425|||14,663|||211,988| |Communications||||47,588||||||47,689| |||||2,719,718||115,475|728.249|||3503442| |Total expenditure||||2,739,310||115,475|728449|||3,5S3,042| |Net income||||508Jtgg||(115,475)|(344,653)|||I08,281| |Net gains on inveslmenls|||8|522,205||||128,450||650,661| |Net (outgoing)il neoming
resources before transfers|||8|1,090,614||(115,475)|(344,653)|128,456||758,042| |Gross transfers bebvesn|funds|||(626,395)|172,461||453,934|||| |Net movemerrls
In funds|||15|464,219|172,461|(115,475)|109,281||128.456|75S,942| |Totalfunds
broughtfonvard||at I|15|4,441,004|146,431|179.567|15,662|1,191,402||5.977,360| |January||||||||||| |Total funds carried fonuard
31 December||st|15,19|4,905,223|316.692|64,392||1,322,058||6,736,308|