REGISTERED CHARITY NUMBER: 267608 ort of th ru.%Ice$ d Unau it¢d Finan I Statcm sforthey rEnde TH FOUR LANES TRUS EDMONDS ACCOUNTANCY LIMITED Unit I I, DIddenha Buq Park, Didd¢nh(Im Court Gra7¢1¢y. READING Bcrkshirc RG7 IJQ
THEF ES TRUS Contents of the Finan¢1 f the Year End I Statements Reference and Administrative Details Report of the Tn]stceb 2 to 4 Independent Examiner's lieport Statement of FitMll¢i81 Activities Statement of Financial Position Notes to the Fiwancial Statement5 8 to 12 Detailed Statement of Financial Activitie 13
THE FOUR NES TR Reterence and Adniinistra ive Dctails fi)r the car E.nded 5 A ri12024 TRUSTEES Hon D Makans DrA Brino MTS A Davie5 Mr S H Bning PRINCIPAL ADDRESS 217 Old Worting Road Basingstoke Flampshire RG22 6NS REGISTERED CHARITY NUMBER 267608 INDEPENDENT EXAMINER EDMONDS AC.COUNTANCY LJMJTED Unit I I, Did(lenhain Elub Pa, DIddeI&M Court Cifd7eley. READING Berkshire RG7 IJQ TRUST DIRECTOR Mrs Anne Blackmore P2ge I
THE FOU NES ST ort ftheT tees forthe Y r Endcd 5 A .1 2024 The trustees preseui their Teport with the [ancIal statem¢Dis of the charity for the year ended 5 April 2024. The Ite£S have adopted the provision9 of Accounting and Reporting by Charities.. Statement of R¢LonuneTSded Practice applicoble to charitie5 preparing iheir accounts in accordance with the FÉnancial Reporting Standard applicable in the UK aT Republic of Ircland {FRS 102) {efftdive l January 20191. OWECTIVES AND ACTtVlTIES Objectives and aims The settler stipulated th¢ following are&s of interest for the trust.. Charitable Purpo within th¢ Coulsty of Hap¥h]re, in particularBasingstoke and Deane district for.. Advallcement of education. in¢luding ibe arts Promoting the social welfare of the inhabitaDts, paTti¢ularly by providing recreational and leisure time facilitics. The Trustees confsrm that they have refcrred to the guidance contsined in the Chariry Commi%%ion's general guidance on public benefit when reviewing the trust'b aitns and objcctives and itl planning future activities and settiRg tht grant making policy foT the year Grnntmaking The Iour Lanes Ttust has establisbed a grant making policy to a¢hi¢ve its objectives for the public benefit by awarding byants to organisations with ideas and projects which will improvc life in Basingstoke and the sum)unding dtstrict. The Iru5t's interests lie mainly in thrce parti¢u]arfields'. - Social and community a¢ty"on Edu¢ation .TheartE The Trust provides an appropriate amount of money for each project and ensures the fvnds are used for the purpose for which they were given. FINANCIAL REVIEW Fillan¢ihl pogltion Income frotn quoted ittvcstments for the year an)ounted to £37,466 (2023.. 3.043} and deposit aecouni interest anwunted to £511 {2023-. £145}. Resources exrEnded on charitable activjties an)ounted to £33.900 12023.. £39.863) and included ants payable of £25,432 (2023.. £31.600). This Comprised grdnts approved of £30,037 12023.. £37,154) and grants written back or repaid of £4.605 (2023.. £5.5541. Grants were awarded to rhe organisations detailed in note 4. The toral cxcess of expenditure over income for the year wgs £10,366 12023.. £20,430). This include5 expertditll on raising nds that Lompri%cd of iDvesttn¢nt mana8cment feL of £14,443 12023.. £13.755). The rcalised gal OD investtnents for the year was £63.094 12023.. LIOI,774). At th¢ year-end ther¢ was an unrealised gain on ihe valuatioft of th¢ investments of £157,575 (2023.. deficit £125,790). Accordingly, after msfers of £39.273 12023: £36.042) io unr¢stricted fi]nd5. the Ettdowment Fund in¢rea5ed in value by £204.419 12023.. decreascd £40.7701. Total fund5 increascd in the ycar by £210.303 12023.. decreased £44.446). The Four LaTLe5 Trust continues to make grants to & wide ran8e of owni5ations in the Basingstoke and Deane Borou8b Council Investment ptslicy and obje£tive5 The TnteeS are following a lowlmediuFn risk investment policy geared equally between iT)come and capital growth. Re5erve$ poJi¢y The Trust may use up to I/ of the capital fimd in any one year. consqUeny. it does not nSIder it tessary lo hold reserves of unr¢5tri¢ted funds. GeneTally, the Tn%siees aim to spend the income from the Trust'5 investments Vdch year. Page 2
THE FO R LANES TRUST ort of the TTllStecs forthe Ycar nded 5 A ri12024 FtNANCIAL REVIEW GrAnts made In the year During the financial year 2023-2024 thirty-thTce grants totalling £30.037 wert awarded to local con)munity groups within the BasiDgstoke and De¢ arca. The8e grants 8upportcd the Tnjsts objeLlives Ot'providing support to groups supporting LduLation, T11c Arts and Thc Community by enabllng Iliem to br(wden anivor Strengtlien thc servites provided. Tlie gwits werc given on th¢ followiDg s¢alE= Education- 5 wts totslling £4,995 The Arts- 4 bYa]]ts totalling £4.335 The Coniniunity- 24 grdnts totulling £20,707 The grAnts varied itnmensely both in monetary value and the area in need of suprK>n . One of the stnaller grdnts was for £185 to purchas¢ gan]es for an older person's social gup giving thcir sessions mor¢ purpo$¢ to £2.040 to purcliasc new Caets for a social club to irnprove the safety and visual apr] to the room. The grants awarded throughollt ihe ye&r can be further explained below: Edueatio While the number of grants givcn to the Education category were &mall itj nut]ts, they werc diverse. They included: - New ¢arpcts for a uursery improVg hygieDe and the visual appeal A 'Parenting Course delivery Pro8Tamme' for staff at a Ioc21 primary school to ¢nable them to kttcr sUprt parents and ehildren in their sch¢x)l oll an ongoing b2SjS Gardenin¥ equipment to enable children lo enjoy thc pl)ysical and mentsl bcncfils of tcndijjb their school rde - C'.amping equipment for a s¢nior school to enable thetn to 8row their [ke Df EdInb4 proTtle and more young people io ¥row as individualb whilc takin& part New cots, beds and soft fi]rnishinBs for the sleep room at a nursery to encourage good sleep routines for the benefit of the child, their learninsldevelopmcni and their family The Arts Of ttie four granis awarded 2 perniitted local gri)ups to hire costumes and scenery allowing them to undertake a more complex perfUDce than previously. Ill &qch cxample the young pcopl¢ tsking part in the pbrfollnancL tlie audiLllLe cnjoyed their iE]volvemcnt at a highcr level than previously undertaken. A third grant pubaSed traditional wooden puppets for a local theatre roup to furthcr dcveltsp thcir perfvTfftanccs for young familics and th¢ wider comtnurllty- While thc fourth grant supported frce drama WOTk$hops for children from families on low incomes who hi8torically miss out on extra-curricular actLVlties due to family fllwices. The ComJDunTty As you would expect, with 'The Community covering such a wide spectn]m, Ihc grdnLS awarded were equally varicd in tlieir JEquest$. Thc requests can largely bc 5p]it into fourtypcs.. TrainiT]g I wnt10 deliver first aid training to young adults wilh learning disabililics I grant lo support £1 counsellingi beTrice In expanding its Irainit2g probwamme BuElding Improvements I Want for ¢ary)ct lo improvc th¢ safthy and app¢a] of a social Ed Relittillg ot-2 x toilets in community buildings - Rcfiitio¥ of thc community rddio mobile unil - Tennis court flood light Tepairs - Fencing to th"sablcd children's play area Publicity mateTial - 3 groups are now enjoyin¥ updaied and iTnproved publicily matcrial inLluding fly5. bantter& rK>5tcrs ctc Pagc 3
THEF R LANES TRUST rt of the Truste&8 for the Y&qr End ril 2024 FINANCIAL REVIEW Equipment - Tools for maintenance e.g. gardening tools - Play equipment e.g. gam, playground roundaFK>ut. soft play equipment - CartJpirt¥ equipmcnl for 5 ¥uidcs15COlkt b0up5 - New fridge frwer for a bowls club kitchen All of these g115 made a considernble difference to the group making the application. Due th th¢ current 00M)C climate num¥rous groups are undcr in¢re&qcd pr¢8sure tl) maintain I,1r servic¢s without reccivin¥ additional timding for running costs.. Thc groups are equally aware of the tinancial pre&sure5 of those u4ing their sejvices and cndeavour to providc quality seTVi¢¢S which arc a150 affordable. FUTURE PLAr4s The Trnstees intrnd to continue providing grants in a similar way to the Trcent past. STRUCTURE, GOVERNANCE AND MAAGEmE1¥T Coverlling do¢wllent The charity is Controlled by its governing documenL a deed of trst and constitutes an unincoryK>rated charity. The Tn]st was established under a Trt Iked dated l May 1974. The Settler is the Honourable Christopher James Makins. Thc TNstee5 Stand posse%qed of the Trust Fund upon Tn]st to pay or apply the inc()mc th¢Tl%)f at their discretion for charitable purpose5. in particul in the administrative county of Hampshire aTJd the Basingstukc and D¢anc district in particular. The Trustec% rnay also ai their discretion. in any calendar year. similarly appty the capitsl of thc fLmd to the extent of not more than IIW/D of the Wdlue theTtof at the bc¥inning of thc said yw. Re£ruitment and appointment of new trustees Thc tt715t d¢¢d spccifi¢% that there should a minimum of four tnLStees. Thc power of appointing Mtee5 was vested in the dtlcr. the Hon Christopher M8kms. during his lifetime: currently the siatutory ]y)wer5 of appoiTLtmerit apply. DecisloD JD#klDg The TrUteeS hold three tneeiings a yr alld all decisions are tnade or ratified ai the sneetings. The Trns( actively 5eek% appliLations for funds tIt lomply with the objective5 ()f thc Tr¥1. All application5 for fi]n(b that comply with th¢ obj¢ctive5 are considered at the tnL8tec meetings. The ¢harity is noi involved in fundrdisin8. Risk m¥nagement The tsU%te¢s havc a duty to identify and r¢viLW the risks to whi¢h the charity is exrA)sed and to ensure appropriat¢ contn)Is are irt place to provid¢ aSonable &ssuran¢e a8ain5t frdud and err()r. The major Ttsk faccd by the Twst is the tluctuation of its incomc and the value of its invcstments. Thc TrUsS have invested the pennanent en4Jowrnent in assets de%igned for the chaTity sector to mitigate this risk. Approved by i)rder of the FKkaAI of trnstees on ...... L21.Ll.1.24 .. at)d SIgd oll its behalf by: Hon D Makins- Tne Page 4
Inde TH dcnt Examine¢% Re ..ort to tl)e OUR LAN 'RUST Independent exAmRner's rl'port to the trustees ofTHE FOUR LANES TRUST I teport to the ¢hurity tn]siees on my Qxamination of the ac¢ounis of THE FOUR LANES TRUST (the Trust) for the year endcd 5 A11 2024. Re$ponsibillties and basi$ of report A$ the Charity tn5 of the Tnt you are resnsible for the preparation of thc accounts irt accordance with th¢ ttquirements of the Charitics Act 2011 Vthe Act,). I tEport In fe5Ptct of my examination of the TnESt's ac¢vLtnts carrt¢d out uDder ScGti(In 145 of the Act and tn cillg out my examination I have followcd all applicable Directions &V¢n by the Charity Commi55ion under Scction 145(5)Ib) of the Act. Independent examiner's statement I have completed my cxanunation. I confirnl that no mate]ial nwtters have come to my attention in comiection with the examination giving me caus¢ to believe diat in any material respecL accounting records were ntst kept in respect of the T$t as requir¢d by Section 130 ofthe Act- or tlie account8 do not accord with those records- ()r th¢ acwuDls do nol comply with the applicable requireentS concerning the for and c¢)ntcRt of accounts set out in the Charities (Accounts and Rtport51 Regulation5 2008 other than any requirement that the aOunt5 give a twe and fair vicw which is llot a D]alier Considered as part of an independcnl examination. I havc no Lx)ncerns and havL come acrobs no other maltLYs in conne¢tion with th¥ exatninotion to whiLh attention should be dtawn in this report in order to enable a pyopcr understanding ol'thc aw)unts to be reached. David A Edmond5 FCMA The Chartered Institute of Mattagcm¢n¢ Accountants EDMONDS ACCOUNTANCY LIMITED Unil I l. Diddcnham Bus Pa]k, Diddenham Court Grazeley, READING BLrkshire RCy7 IJQ Datc.. Pagc 5
THE FO R LANES TRUST Sthtement of Financial A¢ vitics the Year Ended 5 A .1 2024 5.4.24 Total fun(E5 5.4.23 Total funds Ullrestri¢t¢d timd Endowment fund No INCOME AND ENDOWMEP4TS FROM Investment inctsme 37.466 37.977 33.188 EXPENDITURE OIY Raislng funds Jnvestn]etit maTha8emen¢ costs 14,443 14,443 13,755 14,443 14.443 13,75S Ch#ritabIe adivities Charitable activitie5 33,9(K) 33.900 39.863 Tot41 33,900 14,443 48,343 53,618 Nct gains on investmcnts 63,094 63.094 101.774 NET IP4COMEIIEXPLNDITVRE) Trnn5fers between funds Other recogni5ed galnsl{1055es) Gainsl(Iosscs) on revaluation of fjxed assets 133,389) 39273 86,117 (39,2731 52,728 81,344 157,575 157.575 (125,7901 Net movement irt funds 5,884 204.419 210.303 144.4461 RECONCILIATION OF FiJNDS Total filnds brou¥ht fonvard 9,385 1,654.868 1,664.253 1,708.699 TOTAL FUNDS CARRIED FORWARD 15,269 1,859.287 1,874,556 1,664253 The motes Part of these fit)aocia] statem¢nts Page 6
THE FOUR LANESTR Statement of Financkal Position 5A ri12024 5.4.24 Total nds. 5.4.23 Total funiLs UleStricted fund Endowment fund Not¢b" FIXED ASSETS ItLVestscnts 1,827,583 1.827,583 1,618.164 CURRENT ASSETS Debiot5 C&8h at bank 8.897 52.829 24,229 31,704 55.933 24229 31.704 55,933 61.726 CREDITORS Amoullts falling due within one year {8.9K>} {8,9(rf)) 115.637) NET CURRENT ASSETS 15269 31.704 46,973 46,089 TOTAL ASSETS LESSY CURRENT LIABILITJES 15269 1.859,287 1,874,556 1,664.253 PIET ASSETS 15,269 1.859.287 1.874.556 1.664.253 FUNDS Unre8tri¢ted funds EndoNNThLnt futMIs 15.269 1.859287 1,654,868 TOTAL FUNDS 1,874,556 1,664.253 i? /!! / 2$........... The finanthal statemelrts wcre approved by the Board of Twsttts and authorised for i5svc on ...... ....................... . were signcd on ils half bv.. and Ilon D Makins- Trusttt /é/vOL, Dr A Ilritton- Trusicc MrsA ics- Trustee MrSHB tee ThL notc5 forni part of ihLse financial ststementb, Page 7
THE FOUR LA ST Notes io Fillatlcial Sta YcarEnd ril 2024 ACCOUNTING POLICIES Ba51s of preparlng the fillanelal st&tements Thc fillan¢ial statements of the charity. whi¢h is a publi¢ benefit entiry under FRS 102. havc been prepared in accordatJ¥e with the Chthiics SORP IFRS 102) 'Aceounting and Rtporttng by Cbarities.. StateTnent of Rcconutjended Practicc applicable to charities preparing their accounts ID accordance with the Financial R¢pDrting Standard applicable ID the UK and Republic of Ireland IFRS 1021 leffe¢tive l January 2019),. Finan¢ial Reportittg Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ircland, and thc Charities Act 2011. Tlie financia statements have been prepared un(kr the historical cost Convention. with the exreptlOD of investments which are included at market value, &8 modified by the revaluAtion of certain assets. Income All income is ¢0SlSed in the StateTnent of Financial Activiti¢s once the Charity ha5 entitlemcnt to the thrtds, it i5 probable ihat th¢ inc0C will be received and thc amount can be nThsured reliably. EXpendIre Liabiliti&8 are recognised ds expenditure as soon as there is a legal or constnLCtive obligation cotllniitting the charity to that expenditure, it is probablc that a u3nsfer of e¢otiomi¢ bcncfits will be required in settlement and the amount of the obligation can be m&qsured reliably. Expenditiire Is accounted for on an accruals basis and has been ¢lassified under headingb that aggrcgaie all cost related to thc catekFory. IW]cre c05ts' cannot be directly attribuid to particular beadings they have becrl allocated to activities on a basis consist£nt ivith the use of rtsourees. Clrants otTered subject to conditions which have not been met al the year end date are noted as a commitmeDt but not aLLJw¢d expertdittw¢. Taxation The charity is exempt from tsx on its charitable activitie5. Fund #ctollntlng Ulwestrietcd fulld5 can be used ill aordanCe wilb charitable obj¢¢iives at the discreLion of th¢ trustces. Restricted fimds can only bc used for particular restriLed purw)ses withitt the obje¢ of the charity. Restrictions arisc when specified hy the donor or when fLmds are raised forparticular restTi¢ted puryoses. Furth¢r explanation of the nature and PUTPOSC of each fi]nd is included itt the notes to the financial statements. INVESTMENf INCOME 5.4.24 5.423 Itlvestment income Deposit account InteSt 37.466 33.043 145 37.977 33,188 INVESTMENT MANAGEMENT COSTS 5.4.24 5.4.23 Portfolio nlagement 14,443 13.755 Page 8 continued...
TH FOUR LAN usr Note% to die Financial Ststemeiits- coniinued forthc Year Ended 5 A ri12024 GWITS PAYABLE GrAnts approved In the year 5.4.24 5.4.23 GTrDt5 for edu¢#tion KIDZ NUery Life Education Wessex Star NuTSCry St Mark'5 Primary School St John's Primary Sch<)ol Cranborne Brighton HTII Pre-Sch(x)I Brighton Hill School DotE 955 525 1,500 1,065 950 850 3,024 1.500 5J74 4.995 Crants for the art5 BAOS Scrdtch Built Tlieatre New ProjcL* Association BATS Next Gen K¢mpshott Pantomime Group BAOS - Insigh¢ The Gtange Festival 1,200 1.2(X) 935 1.000 1.068 1.015 2,500 633 1,000 6.216 BATS Nexi Gen 4J35 Grants for social and comrnunity 9¢tion Sherbome St lohn Social Club Ovcrton Tennis Club Rooksdown Scout Group Tea C¢1 2 Thc Gl&%s Bra Lordsfield Swimming Pool Wolvcrinc5 Cheer Academy Tadlcy Tuwn Cvuncil Howard Pafft Bowls Cub Loddon Vale Ind(x)r Bowls Club Basingstoke West Girl Guides Cancer Partnership Services Sil¢h¢51er Sports Pavilion Link 2 Chinehatn Repair Café The Wote Street Club Tadley Scout Group Basingstoke Young Carers Whitchvrch Conservation Gn)up Basingstokc Vctcrnn'g Group Oaklcy Bowlb Club Rgsingstoke Counselling Seryic¢s Ho]ne Start NW Hampbhire Sebaslian's Action Trusi Winkleburv & Manydown Community Action tiroup Hampshsrc SL'arLh and Rc5cue Dogv division Kempshott Village Hall Oakridgc Hall for All Camr05e Centrc Homc Stsrt Hampshire Sebastian's Action Trust Basingstokc Community Tra]tsport i.0 500 1.5(X) 200 800 750 2.0(K> 5(X) 645 5(K) 370 654 810 900 999 1.018 350 100 929 1,249 800 933 ,133 519 550 2.000 600 200 Page 9 ¢o¢Jtittued...
TI.IE R LANE TRUST NotGs to the FinaTLcial St?tcmcnts- for tht Y ar Ended 5 A ri12024 ntinued Basingstoke Mencap Detnentia Support Haots & low (BaS]ngSke group) The Warren Youth Club KsngsclLre Youth Football Club Basingstoke Hungarian School YPI CouDbtlling Clift Meadow Trust Whitchurch Silk Mill Disability ChallenguE B&8ingstoke West DL5trict Scouts st by Step Basingstoke Shopmobility Coinmunily Radio Asthma Relief I lth St Michael Scouts Ba5ingstoke & Mid Hallts Athletics Club Bas'ingstoke Town ChRpl¥ins 1,508 1,214 1.080 500 500 750 2,300 1.000 1.453 1,000 2,(X)O 750 1.000 950 .413 256 25,564 20,7117 TotAI Grants &pproved in year 311,037 37,154 TRUSTEES. REMUNERATION AND BENEFITS There were no trllstee5' Mneration or other benefits for the yegr ended 5 April 2024 nor for the year ended 5 April 2023. Trn$tees' expenses There were no trustees, exn$¢S pald lor th¢ year ended 5 April 2024 nor for thc yearended 5 April 2023. FLXED ASSET INVESTMENrs Listed investments MARKET VALUE At 6 April 2023 Additions Revaluations 1,618,164 51,844 157,575 At 5 April 2024 1,827,583 NET BOOK VALUE At 5 April 2024 1,827.583 At 5 April 202J 1,618.164 MaTk¢t Value WAverton lllvestment Porrfollo Fixed Income UK Equitics Non-UK Equiti&4 Alternatives Cash 333,513 120.310 1,138.788 204,521 30,451 1,827,583 Total Page 10 continued...
THE FOUR LAN RUST Notes to the Financial StaterRents- continued for thc Year ndcd 5 A ri12024 FIXED ASSET INVESTMENTS- continued Cost or valuation at 5 April 2024 is rcprnented by.. Listed inveslm¢nts' Valuation in 2023 Cost 372.220 1.455,363 1,827,583 DEBTORS: AMOUNTS FAI,LING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Prepayments and accTued income 8,897 CREDITORS: AMOUNTS FALLING DUE W'ITHIN ONE YEAR 5.4.24 5.4.2.1 Grants payable Accrlled expenses 7.520 1.440 14,197 1,440 8,960 MOVEMENT IN FUNDS Tra¢)sfeTS bLiw¢¢n fid5 Tnovemcnl in funds Al 5.4.24 At 6.4.23 UnrestrletLkd fund$ licncrdl fund 9,385 133,3891 39,273 15,269 EDdowment fyod$ Endowment 1,654.868 243.692 (39.273) 1.859.287 TOTAI, FUNDS 1.6C)4.253 210,303 1,874,556 Net n]ovement in fiu]d& included in the above are &% follows." Incoming resourLCS Resourcc5 expendlxl Gains and losse5 Movcmcnt in funds Unrestricted fund5 Jeneral tt]nd (33.9001 (33,3891 EndoThTh¢nt fund5 Endownient 37,466 {14,4431 220,669 243,692 TOTAL FUNDS 37.977 (48,3431 220.669 210,303 Page 11 continued...
THE. F LANES TR ST Notes to the Financsal Ststements- contin for the Ended 5 nI 2024 MOVEMENT IN FUNDS- continued ComparntiV¢s for movemellt iti fvnds Net moverncnt in funi]s TrdllSfers between At 5.4.23 At 6.4.22 Unresblcted fuThds General fvnd 13,061 139,718) 36.042 9,385 Endowment funds EndOW¢t 1.695.638 {4,7281 (36.(142} 1.654.868 TOTAL FUNDS 1,708,699 (44,446) 1,664,253 ConJparativ¢ net movement in fund& included ID the above are as follows.. Incorning resources Resowce5 expended Gains and losses Movement in funds Unrestricted funds G¢Derdl fund 145 (39,863) (39,718) EndoWellt funds Endowment 33,Q43 (13.755) 124.016) (4.728) TOTAL FUNDS 33.188 153,618) (24.016} {44,4461 io. RELATED PARTY DISCLOSURES Theff werc related party transactions for the yearended 5 Aptil 2024. Page 12
E FOUR LANELTRUST Iktailed talcment of Fi¢Joneial Activiti& f the Ycar ' lld5 A ri12024 5.4.24 5.4.23 INCOME AND ENDOWMENTS Investment income Inveslmcnr incomc Deposit account interest 37,466 33,043 145 37,977 33.188 Total incomlng re50urc¢s 37,977 33,188 EXPENDITURE Investment management e05ts Portfolio management 14,443 13.755 Charltable activitles Grdnts payable 25.432 31,600 Support cost5 Managvment 6.000 6.000 fin411¢C Bank Charges 360 360 Infiirmation technology Compuier and intemet ¢05ts 256 317 Other Sundrics 412 146 Governance eosts Accountancy and legal fees 1,440 Total resources expended 48.343 53,618 Net expendlture before gains and losses {10,J66) (20.4301 Re#li5ed reeogttised gains and losses Realised gainslllos5esl on fixed as5Ct inve8tmcnts 63.094 101.774 Net ineome 52,728 81.344 This pa¥e d8 not forni part of the Statutory fiTJanciel statetnents Page13