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|Reportofthe Trustees||to29|
|Reportofthe IndependentAuditors|30|
to33|
|StatementofFinancial Activities||34|
|StatementofFinancial Position|35|
to36|
|StatementofCash Flows||37|
|Notes to the StatementofCash Flows||38|
|Notes to the Financial Statements|39|
to51|
|Detailed StatementofFinancial Activities|52|
to53|
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- Useofpost-nominal letters.
-
Access
to
BINDT's
Education
and
Professional
Developm
complementing/enhancing BINDT's Certification proposition.
- Access to SINDT recognition and awards.
o For organisations, this includes:
- Membership Certificate (demonstrating commitment).|
|---|---|
||- Useoflogo on stationery.|
||- Identification as part of a well-respected cohort.|
||- Access to SINDT recognition and rewards.|
|•|Business Benefits:|
||o For individuals and organisations, this includes:|
||- Networking.|
||- Professional Indemnity Insurance referral.|
||- Legal helpline.|
|•|Information Exchange:|
||o For individuals, this includes:|
||- Insight, NDT News, IJCM and Condition Monitor.|
||- Yearbook and Branch Booklet.|
||- Conferences, symposia, seminars, workshops.|
||- Members' areaonwebsite.|
||- Branch meetings.|
||o For organisations, this includes:|
||- Exhibitions.|
||- Entryinthe Yearbook.|
|•|Leadership:|
||o For individuals, this includes:|
||- Participationinthe governance of SINDT.|
||- Participationinthe workofSINDT (committees/work groups).|
||- Personal professional development arising from participation.|
||o For organisations, this includes:|
||- Influence the governanceofSINDT|
||- Influence the workofSINDT.|
||- Outlet for 'Thought Leadership' - improve standinginthe marketplace.|
|•|Discounts:|
||o For individuals, this includes:|
||- Conferences.|
||- Books.|
||o Fororganisations, this includes exhibitions.|
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|I**Award**|I**Purpose**|
|---|---|
|LifetimeAchievement|Torecognise the valuable and extensive contribution to the British|
|Award|Institute of NDT and the wider NDT/CM communitybyanindividual who|
||has spent mostofhis/her careerinNDT/CM and who has beenan|
||active memberofthe Institute foranextensive periodoftime.|
|PersonalContribution|Torecognise a valuable and extensive personal contribution to the|
|Award|British Institute of NDT and the wider NDT/CM community byan|
||individual who has beenanactive memberofthe Institute foran|
||extensive periodoftime, in which they have contributed and influenced|
||the wellbeing of the Institute.|
|The Roy Sharpe Prize|For a significant contribution through research and developmentinany|
||branch of NDT to the benefitofindustry or society.|
|TheAnneBirtAward|For a significant contribution to technology innovation, technology|
||transfer or technology strategyinthe field ofNDT.|
|**The Nemet Award**|Foranoutstanding contribution to the practiceofNDT (byanindividual).|
|**The Hugh MacColl**|For a distinguished contribution byanindividual to the teaching or|
|**Award**|training of NDT orCM. Nomination required. This should show the|
||contribution to the teaching or trainingofNDT orCM.|
|**Aerospace Award**|Torecognise significant contributions to the NDT/CM community within|
||the aerospace sector.|
|**The John Grimwade**|For the best paper publishedinBINDT's NDT Journal_'Insight'_inthe|
|**Medal**|preceding year.|
|**The Ron Halmshaw**|For the best paper on radiography publishedin_Insight_inthe preceding|
|**Award**|year.|
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||**The BINDT Annual**|An informal award presented at the endofthe NDT Annual Conference|
|---|---|---|
||**NDT Conference Paper**|for the best paper publishedinthe conference Proceedings.|
||**Award**||
||**The William Gardner**|For the best paperinthe Proceedingsofthe NDT Annual Conferenceby|
||**Award**|a student or personinthe early stages (first five years) of their career.|
||**Practitioner Award**|Torecognise outstanding achievementinthe learning, sharingor|
|||executionofNDT orCMpracticebya BINDT member.|
||**The Tony Lager Award**|For meritorious service to an Institute Branch by an individual.|
||**Branch Service Award**|For an outstanding contribution to Branches.|
||**The T H Cole Award**|For the Institute Branch with the best percentage increasein|
|||membership during the preceding year.|
||**The Jim Cottier Travel**|Toaid the professional developmentofa young BINDT member by|
||**Scholarship**|attending an overseas conference.|
||**Annual NDT**|Toencourage attendance at the BINDT Annual Conferences by|
||**Conference Travel and**|contributors from foreign nations.|
||**Attendance Award**/||
||**Annual CM**||
||**Conference Travel and**||
||**Attendance Award**||
||**(One per conference)**||
||**The COMADIT Prize**|For a significant contribution through research and developmentinany|
|||branch of condition monitoring to the benefit of industry or society.|
||**CM Innovation Award**|For a significant contribution to technology innovation, technology|
|||transfer or technology strategyinthe field ofCM.|
|f|||
||**The Len Gelman**|For the best paperinthe Proceedingsofthe CM Annual Conference by|
||**Award**|a student or personinthe early stages (first five years)oftheir career.|
||**The Roger Lyon**|Inrecognitionofthe outstanding achievementofa NDT Apprentice who|
||**Apprentice of the Year**|has successfully completed their end-point assessment through BINDT.|
||**Award**||
||**The Gail Long Early**|Torecognise the contribution to N DT/CM or the wider engineering|
||**Career Women**|communityofwomenintheir early career.|
||**Engineer of the Year**||
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|18Novembef2022||
|---|---|
|**Valuation,-port**forBritish InstituteofNon-Destructive Testing SINDT|Client**N..-**1001735110|
|**Yaluation period**18November2021to18 November 2022||
||(£)|
|Openingva'ueofClienl Portfoko|**&05,540.!M**|
|Cashpaidin|0.00|
|cash**paidout**|0.00|
|Transfer.; in and/or out(re-registration)|0.00|
|Changeinvalueofassets|-26,591.02|
|lnlerest|0.33|
|**DividendsandIncome**Distribution|0.00|
|PtattormCha!ges|-1,866.57|
|Produd Providerc:hafges|0.00|
|Financial Adviser Charges|-5,333.04|
|Othercharges|0.00|
|Closong ValueofChent Portfoloo|**571,750.64**|
|Net rate**of**return(annualised figures)|**-5.58%**(-5.57%)|
|Gross rateofreturn (annualisedfigures)|-4.42%(-4.41%)|
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|•
Editorial articles relating to NDT/CM/SHM and SINDT were writtenin-houseandcirculated.|
|---|
|•
Promotionofall Institute events continued, with advertising artwork, web content, mailshots, press|
|releases and social media posts. Programmes and relevant information were also shared through the SINDT|
|Events App.|
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|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|**Charitable activities**|3|||||
|Membership and registration||333,086||333,086|290,611|
|Certification||2,650,792||2,650,792|2,073,375|
|Publishing and marketing||107,893||107,893|108,817|
|Conferences and events||336,975||336,975|25,555|
|Investment income|2|57,630||57,630|56,475|
|**Total**||3,486,376||3,486,376|2,554,833|
|**EXPENDITURE ON**||||||
|Raising funds|4|7,791||7,791|7,805|
|**Charitable activities**|5|||||
|Membership and registration||214,692|3,324|218,016|207,505|
|Certification||1,823,123||1,823,123|1,735,015|
|Publishing and marketing||540,790||540,790|500,582|
|Conferences and events||382,984||382,984|98,432|
|European&international affairs||15,942||15,942|898|
|**Total**||2,985,322|3,324|2,988,646|2,550,237|
|Net gains/(losses)oninvestments||(34,613)||(34,613)|65,712|
|**NET INCOME/(EXPENDITURE)**||466,441|(3,324)|463,117|70,308|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||3,137,133|10,993|3,148,126|3,077,818|
|**TOTAL FUNDS CARRIED FORWARD**||3,603,574|7,669|3,611,243|3,148,126|
##
##
|**31DECEMBER 2022**||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|11|1,641,643||1,641,643|1,690,866|
|Investments|12|562,603||562,603|604,861|
|||2,204,246||2,204,246|2,295,727|
|**CURRENT ASSETS**||||||
|Stocks|13|48,664||**48,664**|55,309|
|Debtors|**14**|669,217||669,217|523,013|
|Cash at bank andinhand||1,142,562|7,669|1,150,231|722,219|
|||1,860,443|7,669|1,868,112|1,300,541|
|**CREDITORS**||||||
|Amounts falling due within one year|15|(461,115)||(461,115)|**(448,142)**|
|**NET CURRENT ASSETS**||1,399,328|7,669|1,406,997|852,399|
|**TOT AL ASSETS LESSCURRENT**||||||
|**LIABILITIES**||3,603,574|7,669|3,611,243|3,148,126|
|**NET ASSETS**||3,603,574|7,669|3,611,243|3,148,126|
|**FUNDS**|17|||||
|Unrestricted funds||||3,603,574|3,137,133|
|Restricted funds||||7,669|10,993|
|**TOTAL FUNDS**||||3,611,243|3,148,126|
##
##
##
||2022|2021|
|---|---|---|
|Notes|£|£|
|**Cash flows from operating activities**|||
|Cash generated from operations|458,859|72,906|
|Net cash provided by operating activities|458,859|72,906|
|**Cash flows from investing activities**|||
|Purchaseoftangiblefixed assets|(38,493)|(17,665)|
|Saleoffixed asset investments|7,645|7,803|
|Interest received|1||
|Net cash usedininvesting activities|(30,847)|(9,862)|
|**Change**in**cash and cash equivalents**|||
|**inthe reporting period**|428,012|63,044|
|**Cash and cash equivalents at the**|||
|**beginning of the reporting period**|722,219|659,175|
|**Cash and cash equivalents at the end**|||
|**ofthe reporting period**|1,150,231|722,219|
##
##
##
|**ACTIVITIES**|||
|---|---|---|
||2022|2021|
||£|£|
|**Net income for the reporting period (as per the Statement of**|||
|**Financial Activities)**|463,117|70,308|
|**Adjustments for:**|||
|Depreciation charges|87,716|96,131|
|Losses/(gain) on investments|34,613|(65,712)|
|Interest received|(1)||
|Decrease/(increase)instocks|6,645|(5,515)|
|Increaseindebtors|(146,204)|(131,433)|
|Increaseincreditors|12,973|109,127|
|**Net cash providedbyoperations**|458,859|72,906|
|**ANALYSISOFCHANGESINNET FUNDS**||||
|---|---|---|---|
||At1/1/22|Cash flow|At 31/12/22|
||£|£|£|
|**Net cash**||||
|Cash at bank andinhand|722,219|428,012|1,150,231|
||722,219|428,012|1,150,231|
|**Total**|722,219|4281012|1,150,231|
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|**INVESTMENT INCOME**|||
|---|---|---|
||2022|2021|
||£|£|
|Rental income|57,629|56,475|
|Interest receivable|1||
||~|56,475|
##
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##
|||2022|2021|
|---|---|---|---|
||Activity|£|£|
|Subscriptions|Membership and registration|218,333|218,832|
|IAQP|Membership and registration|554|3,795|
|End-Point Assessment|Membership and registration|114,199|63,900|
|Other income|Membership and registration||**4,084**|
|Other income|Certification|2,167|1,986|
|Certification activities|Certification|2,648,625|2,071,389|
|Journal advertising income|Publishing and marketing|36,846|39,437|
|Publications advertising||||
|income|Publishing and marketing|37,143|30,748|
|Saleofbooks and insignia|Publishing and marketing|23,150|27,060|
|Journal subscriptions|Publishing and marketing|10,133|11,280|
|Condition monitor|Publishing and marketing|621|292|
|Conference and seminar||||
|receipts|Conferences and events|**328,594**|**23,415**|
|Branch income|Conferences and events|8,381|**2,140**|
|||**3,428,746**|2,498,358|
##
##
|**Investment management costs**||||
|---|---|---|---|
|||2022|2021|
|||£|£|
|Investment management costs||7,791|7,805|
|**CHARITABLE ACTIVITIES COSTS**||||
|||Support||
||Direct|costs (see||
||Costs|note6)|Totals|
||£|£|£|
|Membership and registration|177,735|40,281|218,016|
|Certification|1,478,201|344,922|1,823,123|
|Publishing and marketing|528,706|12,084|540,790|
|Conferences and events|342,785|40,199|382,984|
|European&international affairs|15,942||15,942|
||2,543,369|437,486|2,980,855|
##
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|**SUPPORT COSTS**|||||
|---|---|---|---|---|
||||Governance||
||Management|Finance|costs|Totals|
||£|£|£|£|
|Membership and registration|35,248|3,223|1,810|40,281|
|Certification|306,168|24,818|13,936|344,922|
|Publishing and marketing|10,574|967|543|12,084|
|Conferences and events|35,166|3,223|1,810|40,199|
||387,156|32,231|18,099|437,486|
##
||2022|2021|
|---|---|---|
||£|£|
|Auditors' remuneration|6,370|5,790|
|Auditors' remuneration for non audit work|11,729|11,948|
|Depreciation - owned assets|87,716|~|
##
##
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##
|**STAFF COSTS**|||
|---|---|---|
||2022|2021|
||£|£|
|Wages and salaries|1,158,041|1,091,618|
|Social security costs|117,716|105,249|
|Other pension costs|94,864|92,246|
||1,370,621|1,289,113|
##
|2022|2021|
|---|---|
|36|35|
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||£|£|£|
|**INCOMEANDENDOWMENTS FROM**||||
|**Charitable activities**||||
|Membership and registration|290,611||290,611|
|Certification|2,073,375||2,073,375|
|Publishing and marketing|108,817||108,817|
|Conferences and events|25,555||25,555|
|Investment income|56,475||56,475|
|**Total**|2,554,833||2,554,833|
|**EXPENDITURE ON**||||
|Raising funds|7,805||7,805|
|**Charitable activities**||||
|Membership and registration|206,605|900|207,505|
|Certification|1,735,015||1,735,015|
|Publishing and marketing|500,582||500,582|
|Conferences and events|98,432||98,432|
|European&international affairs|898||898|
##
|**10.**|**COMPARATIVESFORTHE**|**STATEMENT**|**STATEMENT**|**OFFINANCIAL**|**ACTIVITIES - continued**|**ACTIVITIES - continued**||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||£|£|£|
||**Total**||||2,549,337|900|2,550,237|
||Net gains on investments||||65,712||65,712|
||**NET INCOME/(EXPENDITURE)**||||71,208|(900)|70,308|
||**RECONCILIATION OF FUNDS**|||||||
||Total funds brought forward||||3,065,925|11,893|3,077,818|
||**TOTALFUNDS CARRIED FORWARD**||||3,137,133|10,993|3,148,126|
|**11.**|**TANGIBLE FIXED ASSETS**|||||||
|||||Presidents||Fixtures||
||||Freehold|chainsof||and||
||||property|office|Equipment|fittings|Totals|
||||£|£|£|£|£|
||**COST**|||||||
||At 1 January 2022|1,962,482||1,547|533,219|97,135|2,594,383|
||Additions||||38,493||38,493|
||At31December 2022|1,962,482||1,547|571,712|97,135|2,632,876|
||**DEPRECIATION**|||||||
||At 1 January 2022||313,587||497,009|92,921|903,517|
||Charge for year||54,700||31,395|1,621|87,716|
||At31December 2022||368,287||528,404|94,542|991,233|
||**NETBOOKVALUE**|||||||
||At31December 2022|1,594,195||1,547|43,308|2,593|1,641 ,643|
||At31December2021|1,648,895||1,547|36,210|4,214|1,690,866|
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|**FIXED ASSET INVESTMENTS**||
|---|---|
||Movement|
||inmarket|
||valueof|
||UK|
||quoted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2022|604,861|
|Disposals|(7,791)|
|Revaluations|(34,46Z)|
|At31December 2022|562,603|
|**NET BOOK VALUE**||
|At 31 December 2022|562,603|
|At31December2021|604,861|
|**Analysis of investments between funds**||
||Unrestricted fund|
||£|
|UK equities|562,601|
|Non-UK equities||
|Sharesingroup undertakings|2|
||562,603|
##
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|**13.**|**STOCKS**|||
|---|---|---|---|
|||2022|2021|
|||£|£|
||Finished goods|~|~|
|**14.**|**DEBTORS:AMOUNTSFALLING DUE WITHIN ONE YEAR**|||
|||2022|2021|
|||£|£|
||Trade debtors|353,572|232,935|
||Bad debt provision|(5,000)|(5,000)|
||Other debtors|(554)|(50)|
||Prepayments and accrued income|321,199|295,128|
|||669,217|523,013|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||2022|2021|
|||£|£|
||Trade creditors|129,790|109,988|
||Social security and other taxes|41,552|36,167|
||**VAT **|**49 ,402**|**34,864**|
||Other creditors|18,818|16,207|
||Accruals|98,361|83,407|
||Deferred income|123,192|167,509|
|||461,115|**448,142**|
##
|**Deferred income**|||||
|---|---|---|---|---|
||Balance at|||Balance at31|
||1 January 2022|Released|Deferred|December 2022|
||£|£|£|£|
|Subscriptions|96,165|(96,165)|93,998|93,998|
|Conferences and Events|**71 ,344**|**(71 ,344)**|**6,964**|**6,964**|
|Audits|||22,230|22,230|
|Total|167,509|!1671509)|123,192|123,192|
##
##
##
||2022|2021|
|---|---|---|
||£|£|
|Within one year|.1.Q.Q.QQ|~|
##
||2022|2021|
|---|---|---|
||£|£|
|Within one year|47,000|47,000|
|Between one and five years|39,167|86,167|
||86,167|133,167|
|**MOVEMENTINFUNDS**|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1/1/22|infunds|funds|31/12/22|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|3,137,133|466,441|{3,217,643)|385,931|
|Contingency fund|||850,000|850,000|
|Future projects fund|||726,000|726,000|
|Property and other fixed assets fund|||11641,643|1,641,643|
||3,137,133|466,441||3,603,574|
|**Restricted funds**|||||
|Croxson Memorial Fund|2,810|||2,810|
|BNC for NOT Fund|31|||31|
|Halmshaw Award Fund|3,860|(1,151)||2,709|
|The Nemet Award|4,292|{2,173)||2,119|
||10,993|{3,324)||7,669|
|**TOTAL FUNDS**|3,148,126|463,117||31611,243|
##
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##
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|infunds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|3,486,376|(2,985,322)|(34,613)|466,441|
|**Restricted funds**|||||
|Halmshaw Award Fund||(1,151)||(1,151)|
|The Nemet Award||(2,173)||(2,173)|
|||(3,324)||(3,324)|
|**TOTAL FUNDS**|3,486,376|~2,988,646)|~34,613)|463,117|
##
|**Comparatives for movementinfunds**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At1/1/21|infunds|31/12/21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|3,065,925|71,208|3,137,133|
|**Restricted funds**||||
|Croxson Memorial Fund|2,810||2,810|
|BNC for NOT Fund|31||31|
|Halmshaw Award Fund|4,210|(350)|3,860|
|The Nemet Award|**4,842**|(550)|4,292|
||11,893|(900)|10,993|
|**TOTAL FUNDS**|3,077,818|70,308|3,148,126|
##
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||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|infunds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|2,554,833|(2,549,337)|65,712|71,208|
|**Restricted funds**|||||
|Halmshaw Award Fund||(350)||(350)|
|The Nemet Award||(550)||(550)|
|||(900)||{900)|
|**TOTAL FUNDS**|2,554,833|!2,550,237)|65,712|70,308|
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||2022|2021|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Rental income|57,629|56,475|
|Interest receivable|1||
||57,630|56,475|
|**Charitable activities**|||
|Subscriptions|218,333|218,832|
|IAQP|554|3,795|
|Journal advertising income|36,846|39,437|
|Publications advertising income|37,143|30,748|
|Saleofbooks and insignia|23,150|27,060|
|Journal subscriptions|10,133|11,280|
|Condition monitor|621|292|
|Conference and seminar receipts|328,594|23,415|
|End-Point Assessment|114,199|63,900|
|Other income|2,167|6,070|
|Certificationactivities|2,648,625|2,071,389|
|Branch income|8,381|2,140|
||3,428,746|2,498,358|
|**Total incoming resources**|3,486,376|2,554,833|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Investment management costs|7,791|7,805|
|**Charitable activities**|||
|Wages|1,158,041|1,091,618|
|Social security|117,716|105,249|
|Pension costs|94,864|92,246|
|Other staff benefits|34,190|35,658|
|Journal production costs|150,582|153,620|
|Publication costs|112,561|110,596|
|Website/electronic publishing|43,883|29,589|
|Cost of books and insignia|15,250|15,035|
|Conference expenses|211,792|14,266|
|Branch costs|9,252|2,860|
|European and international affairs|15,942|898|
|Carried forward|1,964,073|1,651,635|
##
##
||2022|2021|
|---|---|---|
||£|£|
|**Charitable activities**|||
|Brought forward|1,964,073|1,651 ,635|
|UKAS fees|8,525|15,092|
|PCN audit fees|133,782|127,378|
|PED Solution project costs|20,210|84,384|
|Awards|16,970|4,765|
|Other certification services|316,787|219,291|
|Legal costs|12,750|4,258|
|Staff costs|27,548|5,414|
|Marketing|5,576|3,400|
|Meeting expenses|10,355|3,666|
|Staff training|8,599|6,791|
|End-Point Assessment costs|18,194|15,186|
||2,543,369|2,141,260|
|**Support costs**|||
|**Management**|||
|Telephone|14,725|16,882|
|Postage and stationery|40,264|38,756|
|Sundry expenses|18,640|17,797|
|Computer costs|129,545|110,736|
|Bad debts|(4,425)|(1,575)|
|Premises, facilities and insurance costs|100,691|76,944|
|Depreciation|87,716|96,131|
||387,156|355,671|
|**Finance**|||
|Bank charges|32,231|27,763|
|**Governance costs**|||
|Auditors' remuneration|6,370|5,790|
|Auditors' remuneration for non audit work|11,729|11,948|
||18,099|17,738|
|Total resources expended|2,988,646|2,550,237|
|**Net income before gains and losses**|497,730|4,596|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset|||
|investments|(34,613)|65,712|
|**Net income**|463,117|70,308|