Company Registration No. 01238563 Charity Registration No. 271988 Reports & Unaudited Financial Statements For ts ygtyr #ThJ8d 31 Marth 2024 Help the Homeless
Contents Report of Iht I'rustees Report of the Ind¢pend¢nt F.x•miner Sitem¢nt of Fln•Dcl•l Artlvldej Bl•n¢e ¢h¢rf Notes to ihe Tr.InathcI St¢emtots 9-14
Help the Homeless (Limited by Guarantee No. 01238563) (Registered Charity No. 271988 Charity information President The Rt. Rev. and Ri. Hon. Rowan Willlams Truslees Terry Rogers Esq OBE {Chair) (r¢sign¢d 23 October 2023) Famon P McGoldrick (Vic¢-Chair. Chair from 23 October 2023) Swan Holmcs MVO {Vice£hair from 23 October 2023) T¢rence Kenny (Hon. Trcasur¢r) Trncey Lees Secretary Kate Pncsl Registered office 42 Roman Way Southwick Brighton BN42 4TN Bankers Barclays Bank PLC Business Banking PO Box 6539 Leicesier LE87 2BB Independent examiner Ni¢oia Wakefield Forvis Mazars LLP 6 Sullon Plaza Sutton Court Road Sutton SuTrey SMI 4FS Investment managers Charles Stsnley & Co 2 We5tover Road Bournemouth BHI 2BY
Help the Homeless {Limited by Guarantee No. 01238563) {Regist&rgd Charity No. 271988) Report of the Trustees Th¢ trustees preseni thcir report and the financial ststem¢nls for ihe year ended 31 March 2024. which have been prcparcd in a¢cordan¢¢ with ih¢ C"ompanies Aci 2(M)6. Ststemcnt of Recommended Practicc, Accounting and RLrM)rting by Charitics Ichariiics SORP 2019 IFRS 10211. i&sued by ih¢ Chariiy Commission and Applicabl¢ UK accountin8 Standards. STRIIC.TIIRE. GON'EIiNAYCE AYD MANAGEMENT Introduction to Ilelp the Ilomel¢Ji Help the H()mele%% w&% founded in 1975 with the principal aim of suNK)ning ihe care and treatsneni of homele%$ p¢ople. Homele%sness 1% a complex problem wilh many cauw - inLluding ill-health. %uh'tanLe abuse. fwn&ly br¢4ikdnwn and involvemeni wilh ihe criminal jusiice sysiem. Homel¢55ncss is not confined io'roubh sleeping. - it can affect a whole rdnge of people a1 families who lack secure aLwmm(thiion. Help ihe Homele&$.supp)rts ho%'iel.%. drop-in ¢Mtres and charities with capithl grant4 of up 10 £5.( and. (Kc&%ionally. larger amouni.%. Funding is di.%tribuied to projects which help homele pe(yle return io their communities and iwild hethy. indenden1 lives. (iOI'trninE Document Th¢ charity is a charitable company limited by 8uar4nie¢ and is governed by its mmiyandum and articles of a550eiation. It is regislcrcd a5 4 ¢hariry with the Charity Commission. Appointment of Tru$le Trusitts are apIntCd by the Board and serve for ihree years after which ihry 8re eli8ible for re-appoinM)¢nt. In thc of #ll appointmcnls ihc Board I)k5 ai the ski115 nccdd wiihin ihc Board. logcther wtih ihc personal Competence and local 4v4ilability of PTOSpcthive Trw¢es. Trnstees Thc trustccs sct oui b¢low have held otTicc durin8 the wIle or part of th¢ from l April 2023 io the date of this report. Tery Rogers Esq OBE (Chair) {resigTKd 23 (kiol*r 2023) Eamon P McGoldrick Ivicc-chair. Chair from 23 Oclober 2023) Stuart Holmc5 MVO {VicCQir fr(Yn 23 October 2023) Terence Kenny (Hon. Tre&%urer) Tr¢Y Lees Trustees. induction and training The induction proc¢55 for any newly appoinied Trustees Compris an initial meeting with ihe Chaim)an, followed by a m¢¢ting with all exisling Trust5. Upon appointmcni they rtceive copies of th¢1&51 iwo years. annual report and accounts. CQP1¢5 of the Board Minutcs for ihe preceding two y¢ar5 iogdher with a copy ofthc charity's Memornndum and Articles of Asso¢iation. They are also briefed by the chaTity'5 Sccfftary.
Help the Homeless (Limited by Guarantee No. 01238563} (Reglstered Charity No. 271988) Report of the Trustees (continued) Or2anisation The Truslees approvc all grant5 throughout the year and meet quarterly. The day lo day administrntion of the ¢harity. including the pr(esSing of grant applications, 15 caled out by the Secretary. The charity ts a member of the AssociatiOD of Charitable Foundations. Related parties tktai15 of relaied parties are given in note 14 to th¢ finxncial statements. Risk MsageMent Major risks facing the charity are regularly considercd and appropriate procedures are in pla¢¢ to miligate the exposur¢ lo th¢se risks. A comprehensive risk ass¢ssm¢nl is updaled and reviewed by the Trust¢¢5 annually. oE(..1.1vKs AND ACTIVITIES The charitabl¢ objeclives. for which Help thc Hom¢less is inLorporated. are as sct out in the Memorandum and Articles of Association. Th¢s¢ continue to be ihe raising and distribution of funds for the relief of hom¢lessness ihrough charities operating in this ficld, in particular making antS of up to £5,000 and. occasionally largcr granls. lo voluniary organisations for itcms of capithl expenditure directly related io the provision of housing and care for hotn¢le55 people. GtiANT MAKING POI,IC.'Y The policy for grnnt making is the relief of homelcssness ihrough charities operaling in the field of homelessness. IIYVESTMENT POLICY The Board of Tru%tee% confim) thai dil inveslment5 held by the Charity have en acquired in iiccordance with the w)wers available to them. The Board hold investments for the purtK)ses of generating income for chari(able expendiiure. All of the Charity's assets are available and adequate to fulfil Ihe obligations of the Charity. The Board regulurly vIewS its tK)licies and procedures on invesiments. To provide a high. bui realistic. level of income from a balance of px)led funds inv¢%ied in fixed interest. UK and overseas equities and cash. The portfolio should always maintain an overnll relatively low io medium risk profile. The Tru.stee5 are aver4¢ to capital losse5 but accept that. particularly where seeking poiential capital appreciation or relaiively high income. thi4 may involve sotne risk ¢0 capiiai.
Help the Homeless {Limited by Guarantee No. 01238563) IRegistorgd Charlty No. 271988) Report of the Trustees (continued) ACHITr:VEMENTS AND PERTrORMAI%CE The net movement in funds of ihc charity for ih¢ y¢ar and ihe state of the charity's affair5 are out in the financial slatcm¢nls on page5 7 10 14. Detsils of gain&lllossc51 on th¢ revaluation of the charity's fix¢d &%s¢i invLsiments are shown in the S¢at¢m¢nl of Financial Activities. Both the level of operations and the year end financial w¢re satisfactory. Ai ihc lime of wriiing ihe Charity has suiTici¢nl cash balanLts io meel any short-l¢rni liabililie5. Wilh ihis in mind we held rescrvc5 of £1.287.15912023.. £1.254.167). Our 1orbTd resctvcs lI1¢Y is to produc¢ 3n annual incomc of approxim¥41cly £50.(KM) in t(wAay's ternis 'ITh gr0h in ¢x¢¢ss of inflaiion. PIIBI.IC" BF.IYEfr"IT Thc Trustees have. throughoui ihe ye•r. paid due regard to thc Chgrily Commi55ion's guidance on Publi¥ Bcncfit. Th¢ charity's aciiviiies benefit ihc public in thai Any charilablc organis4lion helping the nccds of hom¢l¢ss people in ihe Unitd Kingdom 15 eligible to apply for 4 rapithl expendilure granl and 411 grnnts made durin¥ the year havc bccn in furth¢r8nc¢ of our principal aim whi¢h is to be of assistance homeless people. 5TATTr-lTr'liT TRII%'I'EES' R Tr:sPO51BII.ITIfr'S Company law requires the trusttts {who are also the Dirwtors for the purpose of Compny law) to prepare financial $14tcm¢nis for each financial ycar whi¢h give a inK and fair vicw of the siale of affair5 of ih¢ rhAriry and of thc surplus or deficit of the chlty for ihAi Friod. In preF>aTing thos¢ financial statemenis. Ihe tNst¢es 8re required io.. selccl suitsbl¢ Accountin8 11¢1¢5 and then apply them consistently. m4k¢ judgements and ¢stim4i¢s thai are reasonablc and prudeni. comply with gpplicable accouniins stsndards subjeci to any material dcprtures dis¢losed and explained in ihe financial statements. and prcparc the financial staiements on the going ci>ncern b&8is unle&s it is inapprowiale lo presume that the chariiy will conlinuc in bu5inc&%. The irnstccs arc SpOnSIble for maintaining prow arwuniing records which disclose with reasonablc accurn¢y 81 any time Ihe financial position of ihe chariry and to cnablc ihcm io ensure thai the financial stsiemenis comply with the Compani¢s Aci 2(M)6. They arc a150 f¢sFK)n5ible for safeguarding the &s5ets of ihe charity and hence for taking reasonable slep5 for the prevention and dd¢ction of fraud and othcr irrcgulwi'ties. FIITIIRE PLANS Th¢ eharity aims to distr1tl¢ its iIKonK in the allcviation of the problems of homclcs5nw. The trustees seek to makc grants 10 the most needy projects in this field arf in order ¢ffe¢t thi5 W to MlMI its inv¢sthienl income.
Help the Homeless (Limited by Guarantee No. 01238563) (Rogisterèd Charity No. 271988) I.YDEPF.I%DENT EXAMINER Our independent examiner has sigDificd thcir willinw to continue in office and a rcsolulion prow)sing their re-appoinlment will voied on at the annual general meettng. Th¢se financRal statements have been wepar¢d in ac¢oTdance with the provisions applicabl¢ 10 ¢ompantes subject lo lh¢ small companies. regime. 21st October 2024 Approved by the Board on ....... .. and signd on ils be Eamon P McGoldric ', Chaimw]
Independent examiner's report to the members of Help the Homeless (Limited by Guarantee No. 1238563) (Registered Charlty No. 2719881 I rcrK)rt on the financial statetnenls of Help the Homeless for the year ended 31 March 2024. which are set out on pages 7 to 14. Respective responsibilities of trustees and exami The Iru.stees {who are also the directors of t1 company for the puttM)ses of company lawl are restK>nsible for th¢ prepiwation of the financial statemenLs in accor with the requiremenL% of the Companies Act 2(M)6 1'th¢ 2(K)6 Aci'l. Having 11$fIed mY]f that the finan¢ia] staiemenis of ihe charity a required to audited Under Part 16 of the 2rA)6 A¢t and are eligible for indeFendeni examinaiion. I rewn in respeci of my examinaiion of the charity's financial siatements as catried out UEKler section 145 of Ehe Charitics Act 2011 {the 2011 Acll. In Carrying out my eXamin10n I have followed Directions Ven by the Chariry Commi&%ion under section 1451b) of the 2011 Aa. This report. including my slalement. has b¢¢n prwred for and only for lh¢ charily'5 Injstees as a body. My work has been undcrtak¢n so thai I mighi sthte to lh¢ charity's trStee5 ihose mattcrs l am required to state to them in an independent ¢KaTniner's rerx)rt and for no other purp)se. To the fullest exteni MIllIed by law. I do not a¢cepl or assume rcsponsibility to anyone oiher than thc charity the chariry's trustccs Ixyjy for my examinaiion work. for this retrf)n. or for ihe statements I have made. Basis of independent examier.$ report My examinaiion was ¢4ttied out in acc(Kdance with the general Directions Ven by the Chariry Commik8ion. An examination includes a review of ihe accouniing CordS key by the chariiy and a comparison of the rinan¢ial siatemenis presenied with dM)se records. It also in¢lu(ks considerdiion of any unu%ua] iiems or disclosures in the financial sthiements. and seeking explanatiOTLS from you as trUee5 concerning ony such alters. Tr priKedures undertaken do not proN'ide all ihe evidence thai would ty required in an audit. and consequently no opinion 15 given as to whcther the financial Statnents preseni a 'true and fair vi¢w' and the report 18 limited io those fflatter% sei i)ut in Ehe Ststelln¢ lOw. Independent exxminer's st*temeDt In connection with my examination. which is complefr. no matter5 have come to my attention which give me rea¢A>nable cause to ixlieve ihai in any material resFci: accounting rtords were ketrt in resfft of Help Homeless in accord with section 386 of Ihe 2(M)6 Act: or Ihe financi siaiements do not c(d with those records: or the finanLial sthtemenLs do Dot comply wilh ihe accounting requirements of sertion 396 of the 2(M)6 Acl other than any requirem¢ni that the funcial slal¢ments give a 'M and fair. vi¢w which is noi a mailer consided &$ pan of an lThlendeI examinaiion: or
Nicola Wakefield (Nov 1, 2024 17:15 GMT)
Nov 1, 2024
Help the Homeless (Limited by Guarantee No. 1238563> (Reglsterod Charity No. 271988) Statement of financial activities For the year ended 31 March 2024 Total funds 2024 Total funds 20 Unrestrided funds Notes Income tA)naiions and legacies Invesimeni income 54.547 50.861 54.547 50.861 14.168 44.580 Total income 105.408 105.408 59,198 Expenditure Cost of raising funth Fundrdising Investwnent management fees 615 8.831 615 8,831 1.230 8.876 Cbaritable activities Grdnt making to organisations providing SUprt io the homele&s 93.020 93.020 74.835 Tolal expenditure 10?.466 102.466 84.941 Nel ineome I lexpenditure) ?.942 2.942 {25.7431 Net gains I (losses) on investments io 30.050 30.050 (58.9431 Net movement in for the year 32.W2 32.992 184.6861 Unre4trithed general fund balae5 at I April 1254.167 1.254.167 1.338.853 Unrestricted general fund balances ai 31 March 1 ?87.159 1.287.159 .254.167 The charity's incom¢ and ¢KndIture all relate to continuing operations. The charity has no recognised gains or losses other than lh¢ n¢1 movemeni in funds foT th¢ yfdf 5ho*m aknve. The statement of financial aclivilies also complies with th¢ Tequirements foran income and exw)diture account under ihe Companies Act 2(Kkn. The notes on pages 9 10 14 fomi part of these financial stat¢m¢nts.
Help the Homeless (Limited by Guarantee No. 1238563) (Registored Charity No. 271988) Balance sheet at 31 March 2024 2024 2023 Notts Invesimenis io 1.253.048 ,217.612 Curren¢ assets Cash at bank and in hand 80.766 71,020 80.7 71.020 CreditOf5: Amounts falling due within one vvar li (46.6551 134.46.51 Nei Current asseis 34.111 36.555 Net assets 1287.159 1.254.167 Funds Unrestricted general fund 13 1287.159 .254.167 These financial stsirnts have been prepared in ac¢ordance with the provisioJk$ applicable to cornpanies subjeci to the small companies, regime. Th¢ Truslee5 consider thai thc Charity is eniiiled io excmption from the r¢quirement to have an audit under the provisions of section 477 of ihe Compani¢s Aci 2(M)61'xhe Act") and ihc Mcmb¢r has noi required thc Charily io Ob1n an audii for the year in question in accordance with section 476 of the Act. The notes on pges 9 to 14 form part of thv4e fmancial statemcnts. 21st October 2024 Approvedbyth¢Bo#rdon............ ....... and signed on its half by: Eamon P McGoldrick Chairman Stuart Holmes.
Help the Homeless (Limited by Guarantee No. 1238563) (Rogistered Charity No. 271988 Notes to the financial statements For the year ended 31 March 2024 Accounting policie5 Basis of aeeovoting The financial siaiements are prepared undu th¢ hi510Tital CO convention. as modifi¢d by the r¢valualion of investments. and in accordancc th¢ compleS Ad 2(. the Sutcmcnt of Recommendcd Prathire Accounting applicable to charilic5 prcparing thelr ac£ounis in accordarKc with the Firtancial Rep)ning Stsndard Applicabl¢ in the UK and Republic of ITeland IFRS 1021- {Charitics SORP IFRS 102)). Help the Homeless m¢¢ts the d¢finiliOn of a public benefit entity under FRS 102. The lrnsltts consider thai the charity has adequatc r¢sou¢S available to fijnd the activitics for th¢ foreserable futur¢. Th¢ TnLsiees are of the &'iew that th¢ charity rematsxL% a going concern. Income All tncome is recognised wh¢r¢ ihere is eniiilement. probability of relPt. and the amount can be mcasurd wilh sufficient reliability. Th¢ following specific lICIeS are applied to pttrticular at¢gori¢s of income= a) Voluntsry inwme 15 received by way of donations and legacies and is included in fvll in the Stsiement of Financial Ariivilie5 when receivablc. bl Interest on governm¢T]t securilies. dividends on ¢quiti¢s and interest on bank d¢FK>sits ore accounted for on an aCCnlS Iwis. IJ Expenditure All expenditure is accounted for on an aC¢nlS basis and. in accordancc with thc rquiremeni of the SORP. and has b¢¢n c1&%5ified under beadings that aggrewe ail costs rclatcd io thai raiegory. Grants pYble Grants payable are payments madc in fvrfherwKe of the charitsblc objeclives of the charity. Grants are recogwscd uw)n ijbligation being created in awirdance with FRS 102. Costs of rAi$ing fulld$ The costs of raising funds consis1 of fid1$in8 and advertising eXndItre and also inveslmeiil managm¢ni charges. Cbaritable aCtitieS Costs of clwi'tsble aclivities includ¢s ryts and an apFKffiionment of overhead and suppxt costs as showm in note 4. Support costs Support cosis have been all(Kat¢d between charitable aclTviry and governance. SUPE costs relaied to charitabl¢ aclivity have apportioned blsed on the individual nllrnr of grants made in rffognition of the admiDiStralivc burden of awardin& moniiorin& and assessing grdnts.
Help the Homeless {Limited by Guarantee No. 1238563) {Reglstered Charity No. 2719881 Notes to the financial statements For the year ended 31 March 2024 Governance cost5 Cioi'LrnanLe Losts comprise all costs involving thc public accountsbility of the charity and its compliance with regulaiion and good practice. These costs. include costs r¢laid to th¢ independent examination togeiher with trus¢s expensts and an apportionmcnt ofoYcrh¢ad and 5uppon co&is. Funds Unrestrictcd funds ore available for use at the di5crcli( of the Tru51ees in furtherCe of thc charitable objectives of Help the Homelc55 and have noi been designated for other purposts. 1.10 Investments Investsnents are accounted for at markci value. any realised or unrealised surplus or deficit being taken to ihc Slatcmcni of Fin8n¢ial Activities. Income The income is amribuied to th¢ rKirKipl Activity which is the rni$in8 of funds for the rclicf of homelessness through chariii¢5 opmiing in this field. Investment Ineome 2024 2023 Income fr(Jrn lis¢ed iDVUtments 50.861 44.51H) Expenditure Gr•Di lundtd Tothl cosis Tothl 2024 Gr¢ funded 2023 CTharÈtslAe ¢tlvltl CJf41ni m1n> IO Organi%ll3 to thc 70J71 22.449 74.835 Support eos¢% can be •n*lysed is follows: 2024 2023 AdmiDi5tMion fet Governance ¢osts In0 5) lknr costs 15.81x1 14.5 4.8(X) 2.523 22.449 21.823 10
Help the Homeless (Limited by Guarantee No. 1238563) (Registerod CharTrty No. 2719881 Notes to the financial statements For the year ended 31 March 2024 Goi'ernance 202A 2023 TNslCCS' expenses Independeni examination & accountwKy (see nrkn 7) 4.8(M) 4.8(M) Grxnts 2024 20 The following grani.% were durin8 the y¢ar: Arena Communiiy Illkeslw) Bdik on Trnck i ManLhe%ierl Bri¥hton Women'5 Centr¢ Bromley Homele&s CARE Icleethoryxs) Centre 61 IKirkhy) Chri%iians Together Calderdalc C(Mihdm House IRed¢orl Cro%%fire TnJ%l (Co Armagh) Dnver Uuireach Cent EnLumptis% {Ru%hden) Faiih Hu and Enterprise Company {Derbyshire) Fat Macy s Foundalion (Londnnl Freedom Communily Project (Bolsover) Gap sUprted Hou4ing IHcAham) GIKKI Soil Trusl Iworcesierl Grdvesham San¢iuary IGraveseThl HealthBu8 Trus1 (Bournemouih) Homes i)f HO (Manchester) Hnpe Housing Bridlinwon Htspe three16 Iswthend) Ju%iUs (Bedfordi Lan¢a%ter & District Hon*le8s A1 ServiLt Making li Out (Portsladel Merseyside Refugee SupTM)rt NetWOTk Northawnpion HO Cenlre Old Hall People s Partnership {Bcndcy) Pathways for All People {Bournemouth) 2.929 874 2.51M) 2.51M) S.(MX) 12.6811 {5.IMK)) 2.5 2.5(X) 2.5 2.5CK) 4.8(K) 4.923 (2.5(M)) 2.5(K) (130) Balance CarTied Forward 39.423 45.792
Help the Homeless {Limited by Guarantee No. 1238563 (Règistered Charity No. 271988} Notes to the financial statements For the year ended 31 March 2024 Balance Broughi Forward 39.423 45.792 Route4 io Ro$ IP(K>lel Sall'urd Loaves and Fishe Severn An¥¢ls Housing and Sllp)rt (Malvern) SHAPE (Bimingham) SHOUT W.SK Iwonhing) SMILE IE%%exl Steps to IFAlinbur8h) The tknr Tounton Teardrops Supryrting Your Community (St Helens) Trdn%om Tru4t IHw%tings1 Treasures Foundation (LoThJon) 2.5(Kl 1.5(X) 5.305 2.5(K> 2.5(X) 2.220 4.920 4.923 70.571 5.1.012 l%et expenditure for iht vur 2024 2023 Nei expenditure for the year is st¢d after char¥ing: Indcpcndenl examlncr'audltOts. remun¢rntioD". Indenden1 examinaiion ALcounis wepardtion Manggemeni fees payable to the SecTewy 2.820 2.220 15.8(K) 2.7(M) 2.1(KJ 14,51K> Tru5tee5 Non¢ of the trustees had a benefi¢i41 inierest in any contracl or arr4n8ement to which the charity was party during ihe year. No InLsl¢e Trceived any rcmuncration. Expenses lring the ycar no tnLSttts (2023.. nonc) were reimbursed exFnse5. 12
Help the Homeless (Limited by Guarantee No. 1238563) (Registered Charty No. 271988) Notes to the financial statements For the year ended 31 March 2024 T*xo¢ion Th¢ ¢harily is a ]lered charity under Section 505 of th¢ Income and Corporation Taxe5 Aci 1988. and no liability to corwbration lax aros¢ during ihe year. io Investments Tots] C05t iDvestments At l April 2023 Additions Disw)sal.% Increase in value during the yeaT 1.217.612 117.511 {112.1251 30.050 1217.612 1,Wl.426 17.511 117.511 (112.1251 (123.414) 30.050 At 31 March 2024 1.253.¢M8 1253,(M8 995.523 Investm¢nts 4r¢ held in a rtfoliO Manag by ChaTles Stsnley. Thcre were no material iDvcsthKnts IKld in the year (2023.. none>. Creditors: Amounts falling due within one wear 2024 2023 Grants approved but not paid Accrual4 and deferred Iorne 39.423 7.232 27.5(KJ 6.965 46.655 34,465 13
Help the Homeless (Limited by Guarantee No. 1238563) (Rogistered Charity No. 2719881 Notes to the financial statements For the year ended 31 March 2024 12 C.ommitment$ Th¢r¢ were no commitments as at 31 March 202412023.. None). A3 Unreslricted general fund balxnce5 The ¥en¢rnl fund balances at 31 March 2024 and 31 March 2023 all r¢lai¢ lo unrestri¢ted funds for the purpows of the Statcmcnt of R¢comm¢nd¢d PraLtice Accounting and Reporting by Charities IChariti¢s SORP RS 10211. 14 RelAted partie5 The S¢cr¢¢ary has pcrfornied thc admini%lration and b(K)kk¢¢ping on bchalf of Help the Homeless for fcc a5 pcr not¢ 7 above. All tranyactions are performed ai Am15 len8th. 14
Help the Homeless ILimited by Guarantee No. 1238563) {Registgrod Charity No. 271988) This is not part of the above unaudited financial statements Income and expenditure account For the year ended 31 March 2024 2024 20 Income InatIonS and legleS Investsneni IOe 54.547 50.861 14.618 44.580 Total income 105.408 59.198 Expenditure Advcrtising and publicity Invesuneni management cosL8 Administration fee Indenden[ examinatson. audit & accountancy fe& Trnsiees, expenses Legal fees Sundry 615 8.831 15.8(K) .230 8.876 14.51K) 570 1.039 945 1.5714 31.895 31,929 Grdnts 70.571 53.012 Totsl expeDditure 102.466 84.941 Net gain110$seSI on invesiments: {LossesVgains on sale of investments Increa5¢1{decre&sel in value of investsnenis (11 ?89) 41.339 7.028 (65.971 } Net movemenl in funds 32.W2 (84.6861