REGISTERED COMPANY NUMBER= 01352725 IEngland and Wales) REGISTERED CHARITY NUMBER.. 275557 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 St. Peter's & St. Paul's Marlborough Trust Limited Pa8e St. Peterfs & St. Paul's Marlborou Trust Limited Contents of the Financial Ststements for the Year Ended 31 December 2024 Page Report of th¢ Tru5tee5 ito8 Independent Examinevs Report Siatemeni of Financial Aeiiviii¢s 10 Balathiy Sheet 11 to 12 Notes ¢0 th¢ Financial Statements 13to16 DdaÈl¢d Statement of Financial Ac¢ivitie5 1710 18 Page St. Ptter's & St. P#ul'5 MaTlborou Trust Limited ort of the Trustees ror tbL. Ended 31 December 2024 'rhe Irusi¥es ivho ?1¢ also directors of ihe ehariiN' for the purposes of ihe Ctsmpani¢5 Act 2006. PTesenr their iyport %iith the financial 5tatemeJits of the ¢hariry' lor the )"¢ar ended il Decetnber ?0?4. The trustLes have dopttcl the provisions of tht Sthttment of Recommended Prdctice ISORPI 'ALcoiJriting and Rep011ing b) ChariiiL'S' issued in Marrh 2005. REFERENCE AYD ADiiiliisfRATITr'E DET.411S Registered Companv number Uljj277 -) IElluland and W'ales) Regi511'red Charity numbtr ?75557 Registvrtd offiet 51 PeiLI' s Chujih Hi17h Sireei larlborough ilishire SN8 IHQ Trustees Robert Pick ,Inn.Klarie Newbigin 34tnL Niiholson lichaLI Stok¢s Nick'i E%'ans Johii l'ates P14 ul Crerdnd Elected 4° April ?074 i icheal SLheepers Resigned ?6 ar¢h 2024 Comp&rtv Secretary Nicki Fl'ans Independent exxminer Mrs. V.k. Parke5 Bsr. ACMA Yem. Tire Cottage (ireat Sh¥ftord 14ungeJ ford RG177EE Page STRUCTURE, GOVERNANCE AND MANAGEMEI¥4T C.OVF.RNIYG DOCUMENT "Fht CliJrit)' OPLraies under a deed of trust and is a Company limited by guarantee. as per the Con)panies Aci 2006. Trnstees are non)inated bv curreni tnjstees and eleLted bv members at lh< annual biei)eral Ineetin&. ljnder the Artlcles of AssoLiation. one third of the irusiees re(ir¢ b}. rotation and are eligible for JE-eleLiion ai th¢ annual generdl meeting. None Lbl- the In￿le¢S has anv beneticial lniere￿ in ihe conjpany. All th￿te¢S and charity. members are iOEnpaTr}' members who guardlltee to contribute £1 if th¢ compan). ￿'Ind8 up. WhLn appointing new trustees, the tr￿slee$ have regard io rhe guidantt issued bv the Charity Commission ror their induLtion aiid trdtnin&. The Si'cretsr). at th¢ companj s re¥isiered office can provide a li￿ of Trust membErs %Yho strvLd as TrusteL'S during the Vear. 'rruslLL'S maintain a Risk Regisler and refviei¥ details on a regular basis to ensure mitigatin¥ measures are in place. TI￿s(eeS are confident that measures are in pjace to mitigate CUTrent risks anij will continue to monitor the 51tuatLOn. Trus1¢¢5 plav an important and iiial role in the governance of the Charity.: however, w'e hai'e encountLred ieai di￿lculty. in tinding additional truslee5 to replace those ivho reslbmed in ?023. Despite advenisEng ideli. using boih local and national sources. we did noi lind an! potential candid8tL¥ and have had no I'LSpons¢ at all. Thi5 problem is not unique io us and reflttts our limited options due 10 our location and Losi of living factor5. 'rruslee5 eNpeLt to fulfil ihe true role of overseeing the management and ¥Tovernance of the organisation Ihai inLludts attLnding trusltt meelingTS and proNiding ¢ritical ovetsi¥ht and not taking on stsff roles. L"Lirrtntli' WL have onl%, six members of the Board of Tru51ees providing a combination of business skills Jid chJritv e.Kpeii¢nct. The Trustees ioniinue to &Fji'e freel) of their tijne. effon. and ubh lend to b¢ in a similar silllation. ,Is pan ot our Slrateol" to increase susiainabilits. and resilieniy. ￿'e have res1rULtu￿d our k"eN' positions to rellL¢i Ihe needs of the business. We currenili" ha￿"e a ￿11 lime Events Manager and have creatLd the tull- iiinl rt)le of OpLrations Mana¥er. This new posiiion owersee5 all buildtno matters, assisrs in eveni plaiitilJlg7 and becomes the Trust's point of ¢onia¢t for the Cardinal Coffee Shop. As ii"v expand our LILtivitlLS and depend on trustees for governance and 5tEZtegic direction. it has ￿lOme cvidenl that both our paid and volunteer resources are limited. This limitstiijn will significantl>' impact our capa¢ity lo provide piiblic benefit. Ils a iesult of having dedicated staff working for the Charity". we have impr(Trved th¢ overall muna¥ement I the organi.￿tIOn in 20?4 ivith a complet¢ list of legally required Employment. and Healih & Safery policres. Il'e have significantl)" irnproved M'orkÉng prdctices. We arL tortunaie 10 maintain a pan-iime volunteer group of s¢￿'en tower tour ￿ldeS operdting from April lo OL'tI)ber. Trained guides lead sLhool children, residents. and visitor5 UP tht l i7 sleps of rhe tower while providing a brief historv of the town along the way. ACHIEVEMENT AND PERFORMA.NCE Dui'inb ihe past Ilfty YLars. Ihe Trust has raised funds to ensure the iniLgrit)' of lh¢ chiiich building Its ILaturv'¥ remain sound: however. th'ork i*as maintained LO a mixed standard. InitÈallv. thL Trust raised biibs(aniial ￿MountS of monej through the sUPPOrt of gov¢mment and other statutorv organisaiion5 and LLinJucled fLind-raising activities. Thes¢ effort5 were primarily focused on renovating the roof to address diy lot dnd damp. Aller addrL'ssing the primar>. issues. the Tn￿1 Loncentrdted on mainiainin¥ the intLrior and repairing the exterior walls according io reports. quotes and rereipts. Hoii'ei¢r, must recoLTnise thai all buildings deteriorate from th¢ motnent of completion. In our eas¢. tliis process has been ongoing tor more than five hundred and fift). )'ears. While effort5 along ihe wai. have kLPt Ihe building standing and maintain¢d. it is now. tmpeTalive that we addr¢ss mor¢ fundamLntal prol)leiiis Iiot neL¢$sarily ap[￿rent to ihe cj'e. BLiiig a Grade Il* buildinb. we must consider the range of requiremenis relating to ihe rep' in tlie last l i %'Lars. had noi iaken such requireniLnts inw ￿11 consideration. In ieniis of our community aciii'iiies in 2024. Il-e have continued i¥'itli long-standing events and ivmmunity rclationships_ For example. this past )'ear the 131h Slason of our popular Brilliani Iniemational Mubici&ns ivgs ag>ain held on Sunda!. nights. We ￿'elCOMe ihe use of our space monthlv bv the larlboi'ou¥h Hi%tor% SoLiei>' for tnore than 20 lears_ We also ￿elCOMe ihe W'iltshire Cotnmuniti Choir Ihat praLti.%L% ive¢klJ' in the Nai'e. In both cas¢s. ￿'e pro¥id¢ space for lai¥e numbers ot atleiidii's at igniliiani discounted rates as part of our fiJnd-Tassing activities and Community. objective& In our et"lorts to ividen our appeal and reach new. parts of our community.. we haie developed an eiLEting I'ilati011ship wilh our local record sh(Trp and subsequentl!. record labels Sony and Unii'ersal. .4s 3 result. we IIJVL iiiirtsduced. as earlv as ?0?3. Ire¢ l￿ncert$ b!. leadin¥ musicians that attract a wide rang¢ Lil. new l)L'ople. This progranitne of Lonieiiiporary music Lontinucs lo grow.. and in 20?4. Sr Peter's ￿'aS recognised 1% a kel. venue in thL Marlboroubh Ai¢a. We built on the suice&s of our first Comedv nighi in 2023 b). holdin¥ another event in ?0?4. This event IttrÉlCtid new people. many who had noi previo￿$11. ￿l$ll￿d St Peter 5. These events offer us the i)i)poniiniti' to raise lunds ihrough three channels.- venue space. ticket sales and offerin¥ boih alcoholiL and i)on-alioholi¢ beverage.% for sale. 'e ar¢ also off¢ring neil. children s activtties, su¢h as Pumpkin Carvtng. Easter Egg niaktng and hall'iemi J¢tii'iiies. Our nem. otlerings are in addition lo the regular ioiver iours enjoyed by hundred5 of local school iliildrL TI. 'fh¢ past vear a150 Saw the first time we became a &enue for the annual LitFtsi for adults as w¢ll as Lliildr¢n and look lorward to greater involyement in 20?5. We ended the year with a New Year s Eve Party. hosting a lil'e Ja￿ band in a lounge setting undei. the Iheme of the Greai GaÈsbN. ThL ni£ht w'as an enomious Success and will bccom¢ an annual eveni. "Iht inlroduLtion of new and varied events has also brought in n￿￿. Members. and we are pleabed io sec an increak. of more than I￿rtr in •O?4. tsking our total memb¢rship io 778. We art incrLasingi our folus on memb¢rship to ensure ihai the next ¥eneration steps up and feels. not only a conneclion lo St Peter s. but 4111 ini¢rLst in ensurin¥ it rrniains a ktN pan of our iommunilN'. rhe mc)re SUCCLSS￿l we are in fund-rdising from our a￿1VitIes. the more we can provide fre< space lo the arious iharities in our comtnunity. suLh as rh¢ r¢cent Chrkstmas Concert in aid of Prospict 14ousL' 2nd .ILibilee Cenire 8niJ the RNLI Lifeboai Concen. The BLII-Chamber reTnains Undel'elo￿ as a site for the improl'ement of telecolnmunicatioiis in rhe area bv our tenants. CTIL Itor Vodafonel. Discussions with both ihe local Council planninb gFioiip and Engilisli H¢rilag¢ continue to r¢solve ihis situ¥tion. FINANCIAL REVIEW IncTrme for ?074 is comprised of the following categories= Voluntary- includes donaiions. membership subs¢ripiions and gift aid ActlVLties- hire fee& sales from all ¢oncert& H'ttkl). mark'¢ts. fairs. lower tours Investmeni- interest on our CCLA Deposit Accounl Other- Varies in¢ludes Bell Tow'er rentsl hold Our inLom¢ is unrestricted, but ihree donations are designated for ¢la55ical conceTts or children's loiver tours. In addition. WL initiai¢d an appvdl to the public to donate in support of planned roof r¢pairs. Th¢s¢ dunatit)ns io date are approximaiel! £6.000 and ￿.111 be designated to building works. "fotJl iiicome for J024 inLreased bs" 21°'o reflecting both more actiN'ities and be&erdge sales. Page ri)r th¢ first time in tnany )'ears. w'e applied to our lo¢al Marll)orough Area Board and receivrd stalutory liinds1£3.000110 5UPPOrt huilding ￿'orkS. This grani is resiriaed income. Our costs for ?0?4 are approximately 15°. less than the previous year due lo less ¢xpens¢ on building M oi"ks. Cosls for all emploied and contract staff. plus marketing and social media has Sho1￿.n a Inarked increase. "Ihe Trusiees tullN' anlicipated these expenses that are direcrltr associated wilh establishing the intrJsiru¢ture essential for mainEaining a sustainable organizaiion. We have also invested in Staging and laiinb to SUPPOrt our e.xtensi￿.¢ programme of events. .'ons¢(iuentlv, we hai'e had io appl}. a sizeable portion of our reseTres to coier operdting expenses. IlisioriLpll!'. I￿.e have susiained an exceptionallN high resen'e level, primaril). due to srrongi invesiment rLtums over ihe pasi tw'o decade5. HoM"ever. th¢ returns froin our share portlolio had reLentli declilled. W< th¢iefore transferred th¢s¢ funds to our CCLA deposit account that offers a verv satisfactory intLr¢st rale. Iii addition. the Trnst relied compleiel%' on volunteers and limited delivery of publi¢ benefii. Combined itli a declining nioiluniti¢s to IiILI"easL tootfall and sale5 to the benefit ol both the Tru￿ and our Coffee Shop business. AS sales inLOtI)e L()nlinLILS to risc. we are pr¢'paring io introduce VAT as required and ha￿'e begun ￿'O￿K.1nlT 'ith prolessii)nals to manage the iinpaci of thi5 chznge. Pi'escrNinb the Si Peter s church and ensuring its use bs. Ihe public for educational and cultural and ioinniunit). purposes remains our main purpose. In order to deliver a sustainable fvtur¢. the Trust will seek Page to appoint more skilled trusttts. and dev¢lop ar¥J Manage a select number of employed dedicatrd stsff. At the Same time a larger and mor¢ varied events prOgra￿e will brin8 iti a wid¢r ¢r05S.section of the local community that will better serve the needs of lunting rewirements of S#tioTL5 394 and 395 ofthe Compatti&% Act 2(N)6 and with the metho(ts and prittcipl&s of the Statern¢Dt of ReLxKDmoded Practice: Acc[￿￿ting and Repotting by Chartties hAYe not been m (2) ounts to be reached Mrs. V.LPaTkes BS¢. ACMA Y¢w Tm Cottage Great 5hefford Hun8erford KG17 7EE Page 51. Ptter's & SL Paul's Mariborou Trust Limited tatement of Fin2ncial.lrtii"itie5 foi. the )'ear Ended 31 Decernber 21124 3111V2024 3111212023 Notes INCO%IIYG RESOI-.RCES Incoming resourres from generated funds -oluIiiai) income IILiii iiies tor generating fvnds In%'esiiiiL'I)t in¢ome Odier inLoming resourics 15.077 17.095 16.470 10.405 Totil incoming resources 53.897 RE.SOI'RCES EXPENDED I-.OSls ofgeneTating fvnds I"ostS Ot geiierdiing voluntar%' tncomt Ini"¢slni¢nt iiianagemeni wsts (iOVtniance costs 55.1164 75.079 60.909 h¢i' resourees expend¢d Total 1¥50urces exp¢nd¢d il.765 1?).908 16J.36J YET INCOMING I(OI'TGOINC) RLSOIIRCL {112J041 {70.011) Othei. reCo￿lsed gainsilosses Gains losses on investment 18.0281 966 Net movement in funds (120J32} 169.04$) REC0￿Cl1.1ATIOP4 OF FIIYDS Tot&1 funds brougbt forw4rd 423.114 492,1$9 TOT,IL Fl f*DS CARRIED FORWARD 3112.782 423.114 Page io St. Ptttr's & St. Paul's Marll)oro 'fru%t l.imittd B#l4Ynce Sbeet t 31 1)ecember 2024 oles 31112121124 311121Z023 bllkD ASSETS TaiigiblL Jssets Pri)¥fJTllTne related investments 69.041 64.608 69.041 340.IJ50 {"{IRRENT.ISSETS 996 tkbiE)rs l.odll lo The Cardinal Pii'pai mcnis Cash at bank and in lund io 4.078 20.i￿o ?.408 •1?498 19.602 1.6)8 41.861) 240217 84,125 C.REDITORS .IniuuDis falling due wiihin one year li 16.4761 YF.T CI',RREWT ASSETS 233.741 82,164 'r(Pl',KL ASSETS LESS CIIRREYI T LIABILITIES 302.782 4•).114 N}:T..I￿ETs 30? 782 [.Inr¢sii'LLted fitnds Resii"ILted Funds- Roof .4ppeal 297.454 42i.114 5.)28 'T(TrT.4L FI'NDS 302,782 423.1 14 Page li Sheet- contlnued 31 December 1024 The L*sritable C(￿pall}. is entitled to exempticm from ￿lt un&r SeL*ion 477 of the CLMwies Act 2006 ft lew ¢nd¢d il tkmnbcr 2024. The metnE¢T5 have required the charitable comTAny to obtsin aD audlt ofits ruwi¢i￿ sthtem¢nts for the y¢8 eth- l December ?023 in accordance with Section 476 ofthe CompaDie5 Act 2￿. Tht atknowl¢dge their re5pm￿1)Ill11eS for 14p ensuring ihat the chHrttable coThpany k¢q￿ ￿￿￿ting￿(OrdS that L¥rtDpty with Se¢¢irms 386 St￿ i87 of the ComrAnies Aa 2(M)6 and Trywing fin8ncia] statements whieh give 8 true 8nd fair vÈew' of the stale of affairs of the charitsble ¢ompan)' as at the end of each fJnthKiaJ and of its Surplus ord¢ficit for each financia] year in attordance the wirements of knions 394 and 395 whicb otherwise comply with the rryuiretnents of the C(KDpznigs Act21X)6 re￿ing to fi￿¢1￿ so tr8$ 4ylieable tothe charitable cotllpw. Ibl These flltaDci31 ststements have b¢¢n pr¢parnl in a¢cordw with the speciat provisioDS of Patt IS of th¢ c(rOp￿leS.4e[ 2(KI6 relating ￿ small ¢h&ittible comwiies attdwith the Finallcial Reporting St8ndArd for Sllmlkr EnTiTie5 (effective January 2015). -.2E ...￿￿6...￿.1s... and- syd ￿ ITS ￿haIr by". AThLMarie N'ewbigkn y(*￿ Yatrs-TTUStee Poge 12 t. Peter's & St. Paul's Marlboro 'rru%t l.imited otes 10 tht Finanrial siatements lor ihe l ¢#r E￿ded 31 December 2014 -.ICC'OUYTIWG POLICIES ,Iceounting tonv¢ntio The fjnancial siai¢m¢nts hawe been prepared under the liisrorical cosi eonveniion. as nioJili¥J bw lh¢ retraluation of rtrtain assets and in aCl￿rdanCe ¥b'Éth ihe Finaneial Repofling Siandord fc)I" %mallcr l..niiiies letfe¢irve.4pril ?0081. the Companies..Ict !IM16 and the requirements of the SiJiemeni of Reeommendtd Prdctice. Accounting and Reporting b) Chatities. InromiDg resollrces 11 iiieoming resourLes ar¢ included on Ihe Staiement of Financial Activities when the Lliority 1% l¢&Fally entiiled to ihe in¢omt and the amount cgn be quzntified reasonable atcuraty. Rrfourre5 expended F.xpendirure is accounted for on an aLcwals basis and has b¢en classified under headings Iliai aLIL*regate all cost related io the eaiegor¥. Wher¢ costs rannoi k directlv attribuied to particular headirtss the have betn allocated io aLiikitie5 on a basis consistent with the use of resources. Tangible fixtd assÈts l)epirciation is pn)vided ai the following annual rate5 in order to write off the cost less esiin)3i¢d rtsidual value of each assel oi'er rts e5tiynated useful life. Piano FIxiur¢s aTbd Fittin85 .' 15 not depreciated are depreci2ted * IVA of rost annum SIo¥ks are valued ai the lowerof ¢ost and ncl realisable value. after maktng due allowaiice for obsolete and Slo￿. moving iiems. Tai%tlOD The iharilj is extmpt from corpoyaiion on its ch￿l￿ble activitles. acrounting l iirestriLl¢d fullds Can be used in attordonce ivith the charitable objeciives at th¢ discretion of the tnistees. RestTided funds can onl). be used for particular restricted purposes within the obj¢c15 of the L.hai'itv. RestTiclions arise ivhen sp¢¢ified by the donor or when funds are Taised for particular restriLied purpos¢5. Page 13 St. Peter's & St. Pxul's M rll)oro Trust lJ4mited otts to thr Financial Statements- ¢ontlDu¢d t'(Ff th¢ l-edr Ended 31 De¢ember 2024 VOLI'NT.4RI' IliCOME (iift.4iJ M'as clainied on th¢ ¢ligible elemtnts of Voluntary ineome and on an ell￿TIble Con¢¢rt donation. Acfiw'iTIES FOR GE￿£l￿TING FI".I%DS 3111212024 3111212023 Incom¢ fiom Lettings 15.077 17.095 3111212024 3111212023 Deposii account interest Portfolho Dividends & Interest 10.588 69 11.28.1 IN)'ESr.ME￿T MAYAGEhlEYT COSTS 31112nO24 JIIIV2023 Portftslio management 11 ET I*COMII%G/(OIITGOIliGI RESOI"RCES ¢1 re50urc¢5 are sthied after rhargingllcreditingl= DLpreciaiion- 01￿¢d assets 31112121124 3111212023 i.766 l.lio TRiISTEKS' RE￿lITNE1L4T1oN AID BEf*EFrrs Thtre w'ete no trullees. rvmuneration or other benefits for the year ended 31 Decemb¢r:O?4 nor for tli¢ JL'ai" Iiid¢d 31 December •O?- Trustees, exptll5CS TheT¢ Il'tre no Irusiees. expenses paid for the year¢nd¢d i l December 2024 I￿r for the year ended 31 December ?O?- Page 14 St. Ptter's & St. P¥ul'5 Marlborou 'rrust l.imited tts to thr Financial Statement5- COlItIDUtd lur the l-ear Ended 31 December 20?4 TANGIBLE FIXED.*SSETS Plant and machinery etc cosr 41 l j￿luary 2024 .4dditions 70.499 .41 J l Decemb¢r 2024 78.77 DEPRECIATiof* Depr n as at i 1° December ?024 9.7i4 TriET BOOK I'.41.I'.E .41 i l December ?0?4 69.D41 .41 J l December ?023 64.6UII PROG1L4￿11qE RELATED IN%'ESTMEYTS E4Uit)" 1.4RJ%ET I'ALI'E .41 l Januan. 2024 and il Dccember ty024 PRO1'ISIO￿s .41 l Januar). 2024 Cash Diaiy R¢valuation adjusinients At i l December 2024 YET BOOiK I'ALI'E .41 i l December 7074 Ai il Deeemb¢r 2023 io DLBTORS: AIIOI'liTS bALLIYG DIIE W'ITHIY ONE I'EAR 31112r2O24 3111212023 Loan to Th¢ Cardinal 20,000 4.078 ?o.nuv Tiade dtbtors 24.078 CREDITORS. AMOiIYTS FALLING DI',E WITHIN of*E I'EAR 3111212024 3Y.(b02 li 3111212023 Other creditOT5 6.476 Page 15 St. Peter's & St. Paul'5 Marlboro Trust Limited Notes to the Financial Statemerts- continued for the Year Ended 31 December 2024 12 MOVEMENT IN FUNDS At el Moi'ement in Fundy At 0110112024 3111 ?J2{124 Cieneral fund Reytricted Fund- Roof Appeal 423.114 {1?4.6()0i ?Q7.444 TOTAL FUNDS 423.114 {1*0._13?1 311? 711? Net movement in funds. included in the above are as folloivs: Incoming Resourees Re50urfe$ ExpeDded Gains and IA)sses Mo*enient in Funds Restricted and Un- restricled 51.059 {163.363) 112V.-?321 TOTAL FUNDS 51.059 {163.363) {8.11)81 Page 16 .5t. Ptter's & St. P ul'5 4Marlborou 'rrust l.imited Detxiled St*lement of FinAncial..l¢ti%'ities lor ihL' l ear Ended 31 Detember 2024 IhC()MING RESOLTRCES 3111212024 3111212023 Viiluo¢ary income Colliciion Boxes Donations & Legacies Gift aid WJriii %paces iibsiriptions 835 2.731 2.0()3 3.046 i41 4.718 12.181 4.663 8229 .4¢tii"ities for generating funds InLoiiie from L¢tting5 15.077 17.095 IDI'VbtD)¥nt income Depobit aLcount intereit Portlolio Divid¢nds & Interesl 10.588 695 964 13.143 11.283 14,117 Oiher incnming resourte5 Rool- Appeal. less costs 'ri)ii er Visits Sundri. Income & Evenl 1.700 7.941 Net Income from Concerts 16.470 Total incoming resourees RESOIIRCES EXPENDED Ini'L?%ln)cnt mang%eThent cosls G(Tri"¢rnance costs -411 %lJl-I' Cosis ALLI)untanL)' Conipuier Costs Printin¥ & Stationery & Po Cleiinin l &- Professional fees Sundi'ies Telephone i.861 56.622 1.781 -676 37.4119 1.448 456 5.6116 1.104 41 546 6.7.$1 4.687 857 561 75.079 60.909 Page 17 i. Peter'% & St. Paul's MaTllx)rou -l.rnst l.itnited Detailed St%tement ofFin*n¢i41 .4¢tii'ities flir thi. I'exr Ended 31 I)ece￿ber 2024 3111212024 3111212023 Olhi'r resources expended 1311ildinu Maintenanc¢- Build ]311ilding Mainienance- Elec In%iirilllie claim paid oui. 1311ildini7 Maintenance_ Misc 1311ild Maini- Lan￿Capln￿ Bliild Maini- Nei%. Build I.-iXlur¢s & fittings 1,4?0 3.961 14.361 887 3.093 4.831 3.766 32J19 26.494 1.821 (6.6671 3.4£0 2.37 3.li8 1.130 upport Costs ManAgemLDt secretarial Support Rale& diid ivater In%ur&lllLe 545 13011 5.373 13.325 793 5.399 15.956 LibFhi dnd h¢at MJrkLting & Events MJnai7enient %undri¢s Piano & Equipment 27.073 ?.4?? 6.744 i5.965 25.373 Total resources expeDdtd 163.363 123.908 Nct income befo￿ E8itt$ and 1033e5 {112J04) {70.VI I) RL•alised recognised gains and losses RealiNLd gainslllossesl on investment property (8.0281 966 Net income (120J32 (69.044) Page 18