CILarity re8istration Dumber. 252215 The Bognor Regis Friends of the Hospitals A(mual Rep)rt atml FtDanciai Statements for the Year Ended 31 lknber 2025
The Bognor Regis Friends of the Hospitals ConteDts (continued) Reference and Administrative Details Tn]stees' Report 2to5 Ind¢pelldent EunineI5 Report Statement of FinCial Activities 7t08 Ballce Sheet Notes to the Financial Statements Ioto 14
The Bognor Regis Friends of the Hospitals Reference and Admioistrative Details Trustees Mr C Bunker Mrs J Lawrence Dr N Rowse. Deputy Chairttlan Mr R Beach Mrs L Bw)ker Mr5 D E Beacb Mr B kllight (Chairman) Mr S Sampson Mrs L San]pson Miss M Attfield Mrs Jacqueline Fra]J¢es Harsley Mr Andrew Vincent Mrs A.4ndrews Maurttn AnD %.IfX)re charity Regi9tr*tion Number 242215 Principal Office BOg}rRe1S WAr M¢moria] Hospitsl Shripn¢y Road BogK)r Regis West Sussex PO?? 9PP IDdepeDdent Euminer N Merridue F.C.CA. Matthews Hantoo Limtted 9) Aldthick Road Bodlor Re.ois West Su&sex P0212NI4' Page I
The Bognor Regis Friends of the Hospitsls Trustees, Report The truslees preseDt the annual rep)rt together with the financial statements of the ebarity for the year end¢d 31 October 2025. Strnrture, governgn¢¢ and Ill#geMent Nalure ofgoverning document The BOlor Rcgis Friends of th¢ H05pits15 WH5 for]ned ID 1953 and registered with the Charities Cornmission on 1st Jwie 1967 (R¢Stratio[t No. ?5221%1. It Wds fOrnd 85 an Association w)der a set of rules drai up at that time. It is not a Trust and therefore does not have any Twsiees, but il is govemed by a Cott]ttee COll515tillg of a PrE5idenL Secretary., fre&%urer and no( less than seyen ad not more than eleven others from ich p¢rson5 are 5eleeted to bc Chairn)an and Vice Chaimall for regular te1]ng5 UallY beld every Iwo months. For Cknity Commission purpow the c£)tnmitt£e [neberS are clad a5 Tn]stees and are thereforr referred to in this report and thes¢ a¢¢ounts as Trustees there appropriate. Recruilmenl oftr45teeJ One third of the tllember5 of the Committee rrfire at the end of each .4nDusl Genernl Nleeting and are eligible For re4lection. The Committee tna% also elect ally members of the Friet5 to fill vacan¢ies during ihe year and for those persow to hold oiTi¢e until the next .4G%I. New Committee metnber5 are sought from withtn the m¢mbership or from m¢fflkrs of the general public who may be wnsid¢red to have an iTht¢rest in the orgaiiisatiotk Indudion drtd irNlnlng oftruslec Where new committee members are itttroduced to the Cb3rity, they are 8iveo inforn)ation regarding the dutics of ¢h&rity trtte¢s, as per the guidatLC¢ ai7ilable fEDin the Charity Commission. MAjor rtfks moho¥emehtofih05e rivks RiskA4anagemenl The Committee from time to tim¢ a55e5s the ]najor risks to wbich the Charitv may be exposed alld in particular those related to the opefations and fjnallce5 of the Chariry. and Thill continue to try. to ellre that th¢ Charity's exposure is mitigated. At eabh two mollthly Tneeting the Committee revi¢w the fin•n¢iai ]x)sition of the Charity with the aid of a statett]ent tson] the Treasurer showing income and expendilure during the prei'ious period frotll the end of th¢ last Iitiancial year and ¢onsid¢r fjjndraising irritiatiVC5 frorn within the Cornllllttee or suggestions from outsid¢ the organisation. and, dep¢nd¢nt on fund5 available. nsider applications from the hogpital authorities for expenditure on items for Charity w&s set up orig1J]ty. Objectives 9nd activities Objects 4Hdaims The Objects of the Charity are to provide patients tti the IK)SPitai ith comforts and aellitieS iD¢luding facilities, blIding$ Lnd eqllipment wh"t¢h C4DDOt be met t1Ugh the Nation Heatth Service, and also in ¢ertain ¢ircumstances to subscribe toward5 speriaiised equipment Ited & other hospitaL but wtii¢h serve the surroundillg commutLities. During the forthcoming vear, the Committee fflll continut to Colliider all applications ror funding based on the aix)ve premises. To that end subscripti(>ns will colltinue. futtdTBising through the Annual Feie &nd surn¢T Rafflt will be eff¢Gt as well as the likely receipts of donations fn)m grareful patients and others. Page 2
The Bognor Regis Friends of the HDspits]s Trustees, Report (continued) Objec¢ivas, strategies andacliwltios Th¢ ¢ommiltee has continued to receive and COEider many prop051tiotts for improvemeDts and equipment for the Hospithl that are not available through the NHS organiiation, and VIru[Y every ease, after debar¢, ha5 been approved with the benefits being miich in evidence in the hospitsi. The hospital d¢patttnetLts contiuue tt> bring forward projects. Other projects were identified bj. or ¢ontinued by the Tte¢s. in parti¢ular b) our ChAtman. Public benefil Th¢ Charity's primary activity is to make fimds availabl¢ to the Bognor R¢S War Memorial Hospital as and ¢n th¢ NHS Ttwt requires equipment or works not ¢over¢d by the Tn]5t'5 jurisdiction. Th¢ Trusiees confimi thot they haTrt Compli with th¢ requittLneoLs of Section 4 of the Clwities Act 2011 to have due regard to the public btneflt guidance published by the Charity Cornmissiott fi)r England and Wai¢s. The Truste¢$ hav¢ ¢onsid¢red th¢ir duty to have regard to the Publie Benefit guidance issued by tbe Charity Commission in relation to the obje¢ti"es aDd actions of the charity. Tht Trustee5 consider that the charity does act in & b¢n=fiGia] to the public alld will coutinue to do so. AthieTrements And performaDte The cotnmitte¢ ha5 continued to receive and COTLsider prositIOnS for improvments snd ¢quipm¢nt for th¢ ISpItal that are not available tIollgh the NHS organisation. and Yin]ally ever5, case, after debate, been approved with the benefits bein8 much in eviden in the hospital. During the l&st 12 roonthsthe Charity bas fi]nded or wmtnitted to fvndiTh8, amongst other PToje¢ts.' la) Over £60,000 for a new u]trawund njachitie (b) Over £14,000 for a new bjke siore for sta (c) Over £1,750 for in5ulat¢d lid5 for patient tll¢a15 Acro all projects, a total of alrr]051 £89.000 has bEcn 5peiJt aj just over £38,000 is CODllnitted for prDjects that 5houdl be delivered in the 2025-26 year. FinAn¢lal review Pollcy on resérves Th6 Trt151¢¢¢s inteTrd to coniinue Tnaintaining funds of a of £lOO.O(4) to eD&ble us to meet most requirtments Mithout delay and where the NHS co[10t proide. The question of risk to our funds is constantly before us, but the diffiGuIty iD finding suitable acceprable a11ernatEves ill 'hICh to invest is soTrthing of whi¢h ¢ommitt¢e members are alwavs aw7r¢ and we remain op¢n to appropriate sensibl¢ sugg¢s¢ions. AS mentioned in previous report5. legacies have been the maio sow¢e of substantial income for some years, but Ih¢re are indications that th¢se h•%.¢ now tailed off and although wt baN'e been verv fortunate to receive £4,000 in legacies tkns year, the Charity may not be 50 luckn" in future yew5. The Charity cannot reply on such support alld is therefore reliant on dollatioDS and fundrdi5iti8 efforts for the fittsjre. Investmenlpolicy nd00]e(lIV We hold casb saviEW through the Flagstone saN'ings platform, with all d¢posits made within the Finan¢i&l S¢rvi¢¢s Comperysation kh¢m¢ lirnit¢s. This enables us to a¢hi¢v¢ some of the highest r*E5 of interest available for cash d¢w$its. Page 3
The Bognor Regis Friends ofthe Hospitals Trustees, Report (colltinued) Plaos for future periods Aipms objeciivesforfuthreperiods The Ttustees rerttaitt ¢ommitt¢d to a fair amouDt of ¢xp¢ndith ¢)n item$ that a¢B not avialble througb NHS sour¢es. Ch8ifDUn s Comments The year started in the customary 2V with tbe Annual Chrislln&s Buffet IuDch in Marion's for the staff and volunteers which, due alt¢raliotL5 bein8 made within the restaurant area due to Slart itL Janu, could well be th¢ last to be held in this ltscarion. Due to the buildillg Work we held our Mar¢h meeting in the Chapel and July meeting in the reception area Of the Centurion Wtng of tbe bogpital. W¢ wel¢omed a new T[ltee in luly- M8rgaTet AndrewB. The annual summer fete M35 a 5ucGes5 with enterta&1)ent by the Muskcsmart Choir, Suzanae School of Dan¢Eng and the RAFA Sknffle band. we are indebted to our Co[nre and prOvidr of the sound equipm¢nL Malcolm Gray of Chichester H08Pital Radio. The fete raised £9:958.79 includin8 the raffle, which as alway5 was well supported by the local traders donating prize5 which kntailed some 38 in number. The tea bar and ward trolley h&s again provided a valuabl¢ Service to patients, visitors and ststT 2nd provided all income to the Charity of ov¢r£l 1,000 under the rnaDagement of June Lawrenc¢. We have comlnitred £88,777.19 to services and equipment this year and already bave further requ¢sts for fuDdiog. I tnu51 thank all the volunteers for the time they devote to The Friends th]ring this year. Pag¢ 4
The Bognor Regis Friends of the Hospitals Trustees, Report (continued) Statemeiit of Trustees, Responsibilities The trustees are responsible for preparin¥ the tru5t¢¢s' report and tli¢ fiiiancial staietnents in accordance with the Lniied Kingdom ALcouniing Standards Iuiiil¢d Kiiiudom Geiierally .4cctpied .4ccoiiiitiiig Practice) and applicable la1 and r¢gulation5. The law applicable to charities requires the Iriistees to prepare financial statements For eaLh financial year whiLh gIv¢ a true and fair fview of the state ()I' al'fairs of the charity and of the incorning resources alld application of resources of the Charity for that period. In preparinu these financial staternents, the trustees are required to.. select suitable accouiiting policies and then apply them consistently; obs¢rve the methods and prin¢ipl¢s in the Charities SORP., make jLidgenitnrs and estimaits that are reasonable and PTudeiit: stal¢ wheih¢r appliiable acLountlllg7 Standards have been followed. subject io any material departures disclosed and explained in the financial statements: and prepare the financtal statemeiits on the going ¢on¢em basis unless it 15 inappropriate to presum¢ that the The triistees are responsible for keepin8 proper accoLiniing records that dis¢lose with reasonable accuracy at any time Ihe financial position of the charity and enable them lo ensurt tliat the financial statements coniply with the CharitlLS Act ?01 l. the Charities 12lLcoLinis and R¢portsl R¢gulatiot15 ?008, and the provisioiis of the constitulion. The trtiste¢s are also respoiisible for saf¢gLiardinu the assets of the charity and heiice for taking Tea50nable steps fvr the pr¢veiition and detection of fraud and otlier irregularities. The Irustees al'e responsible for Ihe mainienani¢ and inlt¥rit>- of the rorporate and financial infortnation inclLided on the charitable companj's websiie. Legislation ¥overning the prtparation and di55¢minalion of rinan¢ial statemenis may differ from legislation in other jiirisdiction5. The annual report Was approved by the Irustees of tli¢ charl. on tt!1 and siuned on its behalf by.. Ir B Kni1 Ichair Trusiee Page 5
The Bognor Regis FrieDds of the Hospitals Independent ExaMineS Report to the trustees of The Bognor Regis FTieuds of the Hospitals I report to the tr"tee$ on my examination of the accounts of The Bognor Regis Friends of the Hospitals for the year Ended 31 O¢tobtr 2025. Responsibilities lllld basis of report As the charity trtee8 of The Bognor Regis Friends of the Hospitab you are responsible for the preparation of th¢ a¢¢ounts in accordance with the requiretufflts of the Cbarities Act 2011 {'the Act,). I report in respect of my examination of thc The Bognor Regis Friends of the Hospit21$'s a¢¢ow)ts Carried out Imder Section 14< of the 2011 Act and in carrying out my examination I have followed all the appliable Directions giTren by Ihe Chariry Commission under section 14i(5Xb) of the ArL Independent ¢x*miner'$ ststement I l)aTr'e cotllpleted tnj" exaD]iRation. I conf that no material matters bave come Io Llly attention in Connection th the examiiiatioll 8iTring rne Ca to believe that in an) maieri r¢sp¢ct: accounting records were Thot kept in respect of The BogtKir Regis Friends of the Hospitsls as required by section 130 of the Aci or 2. th¢ aonts do noi ac¢ord with those rtwrd&' or 3. the accounts do tLOt comply with the accounting requirements ncernIng tbe form and content of accounts set out in the Charities {AtrYoiJnts and R¢portsl ReglatIonS ?008 otheT thaEL any rEquiretn¢nt that the accounts give a 'true and fatr view whi¢b i% oot a matter considered as part of independent ¢MinatiOn. I have no Concerns and have come across no other nrt¢r5 in conne110[] with the examination to whiGh att¢rLtio thould be drawn in this report in order to enable a proper underitatlding of the a¢¢ounts to be reached. NmeldUefr.c.c.A. Matthews Hantoo Limited 93 .4ldwi¢k Road Bogllor Regis West Sllssex P0212MI' Dat¢.. Page 6
The Bogllor Regis Friends of the Ho8Pitals Statement of Financial Activiti£s for the Year Ended 31 October 2025 UDrestricted runds Totsl 2025 Nots Income #nd Endowments from: Inations and leg&cie8 Other trading activiti¢s Investment income 26,394 10,520 26,394 10,520 43,547 TDtal income 80,461 80.461 Expenditure on: Raising fimds Charitabl¢ a¢tiviries Other exp¢ndittw¢ {4,368) (109.5 li) (3.387) 14,368) {109,513} 13,3871 Total expenditw¢ 117,268 117,2681 Net expenditure (36,8071 136,80T) Net tnovement in fvnds (36.807) (36.807) Re¢0clI]tiOll of fund5 Totsl fund5 brought foThvard Total fuud5 carried forward 888,446 888.446 12 851,639 Unrestricted 851.639 Total 2024 Note Incom¢ Ind EndowTnents from.. Donations at)d legacies Other trading acriN'iiies Investment income 185.676 1,437 34.649 185,676 11,437 34,649 Total income 231,762 231,762 Expenditure on: Raising thttds Cbaritabl6 activities Other expenditure (5,0391 {80,313} {4,1401 {5.039) 180,3131 4.1401 Tot expeTKlitur {89.492j 189.4921 Net in¢ome [42.270 142.270 Net movement in fidS 142,270 142,270 Rec0ClIatioll of funds Total funds brought fotward Totsl funds carricd for%Ydrd 746,177 746.ln 12 888,447 888,447 All of th¢ ¢harity's actities d¢rive froffl contrnuing operdtioDs during the above two periods. The tLOt¢s on pages 10 to 14 fonn aD intewl part of these finan¢ial Stments. Page 7
The Bogllor Regis Friend5 of the Hospitals Statemertl of Fill8ncio1 Activities for the Year Ended 31 October 2025 (continued) The fwids breakdown for 2024 is sbowll in note 12. The notes on pages 10 10 14 forni 8rt itJ*gral part of these financial ststetllents. Page 8
The Bognor Regi5 Friends of the Hospitals (Registration number: 2)22 li) Balance Sheet as at 31 October 202) 2112> 2024 iote Current assets Debiors Cash al bank and itt hand 8,564 88?.648 8.227 899,Oi5 891 ?12 907.28) Creditor5: Atnounts falling due within one vear li9.5731 118.8)51 Net g$Set$ 851,639 888,447 Funds of the rity: Ilnre51ri¢ted in¢otNe fund5 Unrtstricted funds 851.639 888,447 Tot*1 funds 12 851.639 888.447 The financial 5tatenients on pau¢5 7 to 14 were approved by the trustees, and auihorised for issue on .Q%l.tha.IièL4 and siuned on their behalf by.. Mr B Kniipht IC Trusiee rmanl The notes on pages la to 14 foTh an integral part of these financial statements. P2ge 9
The Bognor Regis Friend5 of the Hospitals l%otes to the Financial Ststements for the Year Ended 31 Oetober 2025 l Aceoun¢ing policies Stitement of¢omp114nee The financial statetnents have been ptEpared ID accordartee with the 5ecood cdition of the Charities gtatement of R¢¢ommended Pra¢tic¢ issued in O¢iobeF 2019. the Financial Reporting Standard 2ppli¢able in the United Kingdom and Republic of treland (FRS 102) and the Charities Aci 2011. Basis of preparation The Bogllor Regis Friends of the Hospitals meets the definitlOD of a publi¢ ben¢fit entlty under FRS 102. The a¢¢oullts (fmanwial statements} haye be¢n prepared utkder the historical ¢ost convention items recogDi$ed at 5t or ISaCtIo value unltS5 other¥4ise stated in the relev8ni no¢e(s} to these accounts. Goithg concern Th¢ trust¢¢5 CODsider that there are no material uncertainties about the clwity5 ability to continue as a going ¢on¢ern. Ineome and eDdoTvellts VoluniaTr income in¢luding donation%. gift5. legacÉes and graDts that provide Core fvtkdillg or are of a general atur¢ is reMgllisEd when the charity has entitlement ro the inwme. it is prDbable t]Lat tlLe income will be re¢eived and the amount an be mwurcd with Suffilent relithility- und legucie5 DonatioDS and lega¢ies are recognised oll a rectivable basis when receipt is pbabIe and th¢ atlloutrt call be reliably tneasured. Expenditure All expendjtwe is recognised oncr th¢rr is a legal or constructive obligaiiou to that expenditure, it is probable settlement is [eqU¢d and the atnount catl be medsured reliably. All ¢o5ts are alloGatrd to the applicable exp¢nditure headmu that aggregate similar eosts to that category. Where rosts Ca[0t be directly attribut¢d to particular heading5 they bave been ailo¢at¢d on a basis ¢on5i5ttnr with the use of resources, with ¢entral staff costs allocated on the basis of time $pen¢ dtprEciatioll chaT8es allo¢ated ory the portion of the asset's use. Other supp)rt wsts are allocated based on the spread of staff costs. R4lslrtgf#n These are ¢o$ts incurr¢d in f4ttra¢iing voluhlary income. the mana8ement of inv¢stm¢nts and thos¢ incurred i traditlg activities ihat raise futLds. Chariluble uctivilles Charitable expenditure Compriscs those wsts incurred by the chartty in the delivery of its activities and services for its kneficiles. It includes both costs that cao be auwted diTectly lo such activities 8nd those costs of an indirect nature necessary to support them. C4$h and ¢&sh equivalents Cash and cash equivalellts comprise ¢h on hand and call depostts, and other Short-tenn highly liquid iDV¢Stments that are adily convertible to a Ount of trash and are subject lo an insignificant risk tsf hange in valLK. Page 10
The Bognor Regis Friends of the Hospitals Notes to the Financial Statejllellts for the Year Ended 31 O¢tober 2025 (continued) Fund structure Unrestricted income funds are general fijnds that are available for se at the trustees discretion in turtheranc¢ of th¢ objectives of th¢ ¢hariry. Where they eKi5L restricted fuDds Can only be us¢d for particular restricted purp)ses within the objects of the ¢harity. Restridions aris¢ specifi¢d by the donor or when fi]nd5 are raised for particular restricted purpo$¢s. 2 ltttorne from dortations #Dd Iyci¢s Unrestricted funds Genéral Toial funds Donations and legacie Donations from individuals L¢ga¢ies Regulai giving and c8pitsJ donations 21,192 4,000 1,202 2l,192 4,000 L,202 Total for 2025 26,194 26.394 Total for 2024 185.676 185,676 J Income from other trading gctiviii Unr¢strieted fund5 Genergl Total funds Events income.. Other events incorne 10.520 10,520 Tolil for2025 10,520 10.520 Total foT2024 11,437 11,437 4 Investment illcome Unrestrict¢d fund5 GeneT81 Total funds Illterest receivable and sirnilar incom¢- Interest receivable on ballk deposits 43,547 TotAI lor2025 43,547 43,547 Total for 2024 i4,649 34,649 Pagell
The Bognor Regis Friends ol the HospEtx Notes to the Financial Statements for the Year Ended 3] October 2025 (continued) S Eipendithrt OD ra1¥ fuD ) Costs of trading #ctiviti&8 UDrestrieted funds General TDtsI funds Note Fundraising tdIllg costs. Fundraising 4.368 4,368 Totgl for 2025 4.368 4,368 Total for 2024 5.039 5,039 Totsl ¢ost$ 6 Other eiptnditsre ureStricted fun G¢n¢NI Total funds r4otg Other Tesources expended 3,387 3,387 Total for 2025 3,387 3,387 Total lor 2024 4,140 4,140 7 Tru$t¢es remuntr*tlon aud eipen5 No truste¢s. nor any peT50ns connected with the Ve rK¢lY any retrLun¢ration from the charity during the year. No tru51¢es have received any reijnbursed expenses or ally other benefits from the charity during the year. Page 12
The Bognor Regis Friend5 ofthe Hospitals Notes to tbe Fillancial Statements for the l.ear Ellded 31 Oclober 2025 (Continued) 8 TaxtiDD The charity is a registered charity and is th¢refote exempt from Iallon. 9 Debtors 2025 2024 A¢crued income 8,564 8,227 10 CRJh cgsh equivalents 2025 2024 Cath at ballk 882,648 899,055 11 Crediiors: 8mount$ lJliog due within oneyear 2025 2024 Other creditgrs Accruals 38,403 .170 17,665 1.170 39,573 18.835 Contained within creditors are the proje£1 ¢omrntttneuts made bj the Committee as at the period end which arc valued at £34,80J 12024.. £17.665}. These ar¢ fid5 set aside lor Specific projects which are funded frotD Generdl fvnds. These proj¢¢t romtnittnents ar¢ treated as payable within one vear as this is the intention. Some larger prt)je¢ts do rquire appro.a1 from the N&dono1 Heath Authority therefore caD take longer than Dne year, but the Committee do not beliei'e that this di$liDGi¥)n is ]n&lerially releant ty th¢ fuwiciai stotem¢nts. 12 Futtds Bl2Dce gt I Novefftber ?024 Incoming re50llrces R¢sourt¢s exptnded Balirt¢e at 31 October 2025 Unrestricted fullds Gen¢Tai 888.446 80,461 {117,268 851,639 Page 13
The Bognor Regis Friends of the Hospitsls Not to the Financial Statements for the Year Ended 31 October 2025 (¢ontiJJued) Balante A¢ I YoTr'ember 2023 Incoming ruou¥c¢s Rtsource5 expended Balattce ot 31 October 2024 Unrestriettd General 1746,177) 12J 1,7621 89,492 888.447 Page 14
The Bognor Regis Friends of the Hospitals Detailed Statement of Fillancial AetiTr'ities for the Year Ended 31 October 2025 Total 2025 Total 2024 Income and Endowments from: Donatioos and l¢ga¢ies (analysed below) Other trading actiTritle5 (a[lY5¢d below} Investment income (aDalysed below) Total income 26.394 10,520 43,547 185,676 11,437 34.649 80,461 231,762 ExpeoditUTe OD.. Raising funds (analy5ed below) chitable activitie5 {analy5¢d below) Other expenditure lallatysed below) 14,368) (109.51i} (3.387) 15,039) 180,31)) (4,140) Total expenditure Net {¢xpendiknreyin¢ome 117,?68} 189,492) 136.8071 N¢t moycncllt in fidS (36,8071 142,270 RetonciliatioD of fllrtds Totai funds brought forward 888,446 746,177 Total fiJnd$ carried forward 851,639 888,447 This page does llot fonn part of the sia¢tstory fitsart¢ial stslements. Page 15
The Bognor Regis Friends of the Hospitsls Detailed Statement of Financial Actisities for the Year Ended 31 October 2025 {continued) Tot*1 2025 Total 2024 DoRutions and leguci Legacie5 and be(tuests Appcals end donations memoriam Tea bar donations Felpham art wup donAtLons Sub5Gripti0Ths 4.000 9.053 335 11,370 434 168,210 7,304 230 8,000 475 1.457 26,394 185,676 OÈkÉr tr6diAg aclivities Annual f¢t¢ Christmos raffle 9.959 561 LO,636 801 LO.520 11,437 Invlmen1 Income Interest orl W8h dep)sits 4i.547 34,649 4i,547 34,649 RalgfMlldS Annual feie Christmas r&ffle lllsurance cover 13,0231 (450) {8951 {3,788} {4081 843 14,368 {5,0391 Chur¥luble ucliv¥li£ Exp¢ndittire on projects {109:513) (80,3131 109,5131 180.i131 Other expend¥fvTe Administration and sundries AccouDtancy fees Management fees (2,1201 {1267) {1,6521 {1,2361 1,252 3,387 This page th)es not form part of the statutory financial statements. Page 16