WHIPPS CROSS UNIVERSITY HOSPITAL
MEDICAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Charity Number . 312920

WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
INDEX
Page Number
Legal arKI Administrative Infonnation
Trustees. Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
9-12
Notes to th8 Accounts

Page 1
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
LEGAL AND ADMINISTRATIVE INFORMATION OF THE CHARITY, TRUSTEES AND ADVISORS
Charty name
Whipps Cross Unlversity Hospttal
Medical Education and Research Trust
Charity number
312920
Charity offi￿$
Medical Education Centre
Whipps Cross Universty Hospital
Leytonstone
London
E111NR
Trustees who served during the year
Dr J Green
Dr S Hoque
Dr K Kugathas
Dr S Chaudhri
Council who served during the year
Dr S Hoque
Dr S Chaudhri
Dr K Kugathas
Dr J Green
Dr S Zaman
Dr S Graham
Independent examiner
Ms J A Rickler
A￿n$ LLP
Crown House
151 High Road
Loughton
Essex
IG10 4LG
Banker5
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Clerk
D R Gadsby
181 High Street
Epping
Essex
CM16 4BQ
Investment advisers
Rathbones
30 Gresham Street
London
EC2V 7QN

Page 2
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their report and accounts for the year ended 5 April 2024.
The financial statements have been prepared in accordance with the Accounting Policies set out in Note 1 to the
accounts and comply with the Charity's governing document. the Charities Act 2011, and Accounting and Reporting by
CharÉties: Slatement of Recommended Practice applicable to Charities preparing their accounts in accordance wtth the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)" (effective 1 January 2019).
1 OBJECTS AND ACTIVITIES
The primary object of the Charity is to encourage, assist and extend the academic and research activities of all
members of the medical, dental and allied professions practicing within the catchment area Served by Whipps Cross
Universty Hospital (the hospitsl) and in particular but without prejudice to the generaif(y of the foregoing-.
1) The improvement of the library at present used in connection wth the Charity and at present situated at the
Medical Education Centre at Whipps Cross University Hospital and for that purpose the provision of further
storage area and rooms for reading, study and research and the provision of additional books equipment and
furnishings.
2) The engagement and payment of remuneration to secretary librarians and such assistants as from time to time
may be required for the purposes of the said library and for the purpose of assisting in the organisation of post
graduate and medical education and research.
3) To asslst generally with medical and dental research and the post graduate education of consultant and juntor
hospital staff and general practitioners and in connection therewith to provide ac￿MMOdatIOn and equipment to
remunerate asslstants and to provide for lectures. symposia and clinical demonstrations.
4) To pay or contribute towards the expenses of any rned￿l or dental practitioners to inspect and r8POrt upon any
new or speci£l medical or dental equipment or methods thich may result in publication in any professional joumal
or magazine appropriate to 8 particular specFalty the results of any research, or otherwise the dissemination of
these results through any media normally employed for such purpose.
5) To provide equipment and maintain a building or buildings providing facilities for medical meetings. lectures,
clinical demonstrations, symposia, tape-recorded talks, films, ststic demonstrations, research and the like.
6) Such objects ancillary to or of a nature similar to the foregoing objects as the Trustees shall from time to time
determine subject to the powers of the Council hereinafler contained in dause 5 of this Scheme provid8d always
that the same shall be charttable.
2 STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is administered and managed subject to and in confonnity wi(h the provisions of a Trust Deed dated 4
October 1 %9 (the Trust Deed) and of a Scheme dated 2 August 1991 (the Scheme), approved and established by
the Charity Commission. The accounts have been prepared to conform with the requirements of the goveming
dcruments, current statutory reqU1￿MentS and the r6yuirements of The Charities {Accounts and Reports) Regulation
2008.
Council of the Charity
The Council comprises nine members of which six are EX-off￿10 Members and three are Nominated Members.
The six Ex-officio Members are all members for the time being hokjing their respective offices.
The three Nominated Members are appointed by the Waltham Forest Clinical Commissioning Group or Barts Health
NHS Trust for a term of office ending on the date of appointment of their respective successor.
The folknving persons have acted as Council members during the year:_
Dr S Hoque (resigned 16 April 2024)
Dr S Chaudhri
Dr K Kug8thas
Dr J Green
Dr S Zaman
Dr S Graham

Page 3
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024
Council of the Charity (continued)
Truste•s
The following persons have acted as Trustees during the year:_
Dr S Hoque
Dr S Chaudhri
Dr K Kugathas
Dr J Green
Appointed by the Council {resigned 16 April 2024)
- Appointed by the Council
Appointed by the Council
Appointed by the Council
Appointed Trustees are appointed by the Council of the Charity for a period of five years. The Nominated Trustee is
appointed by Barts Health NHS Trust for an unspecified period to cease on Ihe date of appointment of his
successor.
Management of the Trust
The Council. which meets twice a year. acts as an advisory body to put forward suggestions and recommendations
to the Trustees. The Trustees, who meet four times a year. are responsible for the day-to-day management and
administration of the Charity.
3 PUBLIC BENEFrr
The Trustees are mindful of the need to meet the Public 8eneflt requirement and have been made aware of the
guidance given to Trustees by the Charity Commission. They consider that the onus upon them to meet the Public
Benefit requirement is discharged by the promotion of academic and research activities and the granting of awards
to members of the medical, dental and allied professions practicing wilhin the area served by the hospital thereby
improving the advancement of health of the population of the area served by the hospitsl.
4 RISK POLICY
The major risks to which the Trusl is exposed are reviewed regularly and systems updated to mitigate those risks.
Course Income
The Trustees regularly review the content and viability of courses pul on In the name of the Trust. They are aware
that a fall in the standard of the courses or the net income generated will directly impact on the finances of future
courses. They are also aware th8t the ability of the Trust to continue is dependent on the net fee income generated
from each course. Trustees have during the year received regular reports from the Course Administrator and both
the structure and management of courses run by the Trust are kept under review.
Investments
At every quarterly meeting the Trustees consider the capital value of Ihe Trust's investments and the income
generated. The Trust's advisers Ralhbones attend the meeting5 of Trustees yearly when investment strategy is
discussed and agreed. Trustees are aware that any fall in income will jeopardise the ability of the Trust to make
grants and that any fall in capital value will impact on the long term viability of the Trust.
5 ACHIEVEMENT AND PERFORMANCE
During the year the Charity:_
Provided a limited range of courses based upon availability of administration sUPPOrt. All other courses were put
on hold until the restructuring, reassessment of goals and operation of courses agreed previously, have been
implemented and made available on the new web51te."
Provided assistance for research training and methodology by funding prize awards to encourage research
projects for the reasons above-,
Maintained the independent webslte for the Charty to better advertise its courses, grant giving and other
activitles.
The limitation of courses has been related to a) the lack of continuty which occurred when the SLA with the now
Education Academy came to an end and putting into place a new infrastructure. This has been compounded by
a change in the governing members of the charity, updating the charity so that it is fit for purpose In the 21st
Century and the limitations in time that can be invested during the ongoing changing clinical commitments
needed to reflect post COVID related illness and post COVID backlogs, in patients and staff. arKI the
consequential delays to 'usual' medical care.

Page 4
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024
6 INVESTMENT POWERS AND POLICY
The investment powers of the Charity vest with. and are at the discretion of the Trustees. The Trustees have
delegated the maintenance of the Investment portfolios to Rathbones. Rathbones have instructtons to produce a
regular income whilst producing capital grobV(h. Durlng the year, the investment funds increased in value by £77.144
(2023 - reduction of £66,326) (see note 6 to the accounts).
7 FINANCIAL REVIEW
Whilst the Charty reported a profit for the year ended 5 April 2024, due largely to the unrealised profit on the
revaluation of the investments at the year end, nevertheless the financial position at 5 April 2024 will allow the Charity
to continue its activities. Both the Council and the Trustees favour encouraging areas that will promote multi-
disciplinary education.
The income of the Trust came primarily from courses and from investment income received. It had been agreed that
the charity would first invest in the new infrastructure, re*stablishment of old courses and new courses which would
require an outlay which would not be recouped in the shorter term. From the 5th year of running a course unless it is
able to break even or make a profit, more cost effedNe ways of running the courses or viabllity of the course would
need to be reassessed.
Reserves policy - in the short term the reserves of the Charitys main fund have been invested to develop a new
infrastructure and fulfil it's remit in line with changes In healthcare and education provision in the 21 st Century.
The De Jode Fund is invested to produce an income from which grants to doctors & dentists in training are made.
These grants enable papers of research carried out at the hospital to presented at professional conferences
outside the UK. During the year there was one grant made for the above reasons.
8 PLANS FOR THE FUTURE
Since the merger in 2012 of several hospitals, includlng Whipps Cross Hospital, under the tltle Barts Health NHS
Trust, this Charity has continued and intends to carry on the objects of the Charity to provide education and reSe8￿h
benefitting the population as set out in paragraph 1. However, since the Cessation of the SLA with Barts Health
Education. which has developed since the merger, there is no longer supp)rt to the Charity which benefits the
population in a mutually acceptable manner. The Charity will therefore support educatlon and research where there is
currently a lack of support and will not necessarily invest in supporting Barts Health Education Academy, who are
funded to run the Trust's educational departments to an acceptsble standard. The charity has started to see some
benefits of its investments from the courses and the hope is that this will grow stronger.
9 STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with
applicable law and regulations.
The law applicable to charities in England and Wales requires the Twstees to prepare financial statements for each
financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law). The Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and
application of resources, includlng the income and expenditure, of the Charity for that period.
In preparing these financial statements. the Trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles In the Charities SORP,.
make judgments and accounting estimates that are reasOnal￿e and prudent:
state whether applicable UK accounting stsndards have been followed. subject to any material departures
disclosed and explained in the financial statements,.
prepare the financial statements on the going concem basis unless it is inappropriate to p￿sume that the
Charlty will continue to operate.

Page 5
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024
9 STATEMENT OF TRUSTEES RESPONSIBILITIES (CONTINUED)
The Trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any
time the financial position of the Charity and enable them to ensure that the financial ststements Comply with the
Charities Act 2011, the Charlty (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They
are also responsible for safeguarding the assets of the Charty and hen￿ for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Trustees on 4 February 2025 and signed on their behalf.
Dr J Green
On behalf of the Committee of Trustees

Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WHIPPS CROSS UNIVERsrrY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
I report to the Trustees on my examinatlon of the financial statements of the Charity for the year ended 5 April 2024
which Comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the CharIt￿S Trustees, as a body. in accordance wrth section 145 of the Charities Act 2011.
My work has been undertaken so that I might state to the CharitVs Trustees those matters l am required to state to them
in this report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibilty to
anyone other than the Charity and the Charit￿S Trustees as a body, for my work, for this report. or for the opinions I have
formed.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the
requirements of the Charities Act 2011 ('the Act).
I report in respect of my examination of the Charty's financial statements carried out under section 145 of the Act and in
arrying out my examination I have followed all the applicable Directions given by the Charity Commission under section
145 (5)(b) of the Act.
An independent examinatlon does not involve gathering all the eviden￿ that would be required in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements.
The planning and conduct of an audit goes beyond the limlted assurance that an independent examination can provide.
Consequently l express no opinion as to whether the financial statements present a 'true and fair. view and my report is
limited to those specific matters set out in the independent examiner's ststement.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination, I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act. or
the financial statements do not accord with those records,. or
the financial ststements do not comply with the applicable requirements con￿MIng the form and content of
accounts set out in the Charities (Accounts and Reports) Regulakn'ons 2008 other than any requirement that the
accounts give a 'true and fair, view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Ms J A Rickler, FCA
Alws LLP
Chartered Accountants
Crown House
151 High Road
Loughton
Essex
IG10 4LG
5 February 2025

WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Page 7
2024
Total
Funds
2023
Total
Funds
Unrestrfcted Restrlct•d
Funds
Funds
INCOME .
Notss
Charitable activities
Investments
other income
105,751
21,509
610
105,751
24,840
610
97,206
23,608
145
3,131
Total
127,870
3,131
131,001
120,959
EXPENDITURE ON:
Raising funds
Charitable activities
Oth8r
9.402
67,163
14,818
921
10,323
67.163
15,049
11,819
80.134
25,759
231
Total
91,383
1,152
92,535
117.712
Net gainsl(bsses) on investments
(3,919)
(1.275)
(8,861)
NET INCOMEI(EXPENDITURE)
32.568
4,623
37.191
(5,614)
Transfer between funds
OTHER RECOGNISED GAINSI(LOSSES)
GBinsl(losses) on revaluation of Investment assets
75,479
75,939
(48,973)
NET MOVEMENT IN FUNDS
108.047
5,083
113.130
(54,587)
RECONCILIATION OF FUNDS
Total funds brought forward
911,527
93,670
1,005,197
1,059,784
TOTAL FUNDS CARRIED FORWARD
1,019.574
98,753
1,118,327
1,005,197
The notes on pages 9 to 12 fom part of these financial statements.

WHIPPS CROSS UNIVERSITY HosprrAL MEDICAL EDUCATION AND RESEARCH TRUST
BALANCE SHEET
Page 8
AS AT 5 APRIL 2024
2024
2023
Notes
Fixed Assets
Investments
Development cost
970,712
893.568
970,713
893,569
Current A86ets
Debtors
Short tem deposits
Cash in hand and al bank
93.589
11.610
62.334
86,120
23.128
39.817
167,533
149.065
Creditors falling due within one year
19,919
37,437
Net current as8et8
147,614
111.628
Total 888ets less current Ilabllltl•s
1,118,327
1.005,197
Represented By:
Unrestricted funds
Restricted funds
12&14
13&14
1.019,574
98,753
911,527
93,670
Total trust funds
12,13 &14
1,118,327
1,005.197
The financial statements were approved by the Board of Twstees on 4 February 2025 and were signed on their behalf
by
Dr J Green
On behalf of the Committee of Trustees
The notes on pages 9 to 12 form part of these financial statements.

Page 9
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
ACCOUNTING POLICIES
8asls of preparatlon of accounts
The financial statements have been prepared under the historical cost convention with items ￿ognIsed at cost or
transaction value unless otheNilse stated in the relevsnt not8S to these accounts.
The financial statements have been prepared in accordano with the charitls governing document, the Charities
Act 2011, and FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland "(FRS102')
and the Charities SORP Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102)" (effective 1 January 2019).
The trust constitutes a publlc benefit entty as defined by FRS 102.
Reconclllatlon wlth previous Generally Accepted Accountlng PractlC8
In preparing these accounts, the Trustees h8ve consKlered whether in applying the accounting policies required by
FRS 102 and the Chartties SORP FRS 102 a restatement of comparative items was needed. No restatements
were required.
Investments
Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in
the Statement of Financial Activities and are calculated on a first in first out basis.
Webslte development cost
Depreciation is provided at the rate of 25% on straight line basis.
Income
Income generated from courses and voluntary income and donations are 8ccounted for when recetvable by the
Charity.
Expenditure
All expenses are accounted for on an accruals basis. Direct charitable expenditure r8pre8ents the total cost of
running courses. All costs including management and administration are clearly identrfied, so do not need
apportioning. The irrecoverable element of VAT is included in the item of expense to which It relates.
Grants and donatlons
Grants and donations made are ￿COgnised in the accounts on a payable basis. Grants represent Payments made
to Whipps Cross Univ8rsity H08Pital NHS Trust as contributions to student weware and other support costs.
Value added tax
Value added tax is not recoverable by the Charty. and as such is included in the relevant cost In the Statement of
Financial Activities.
Charitabl• activltles
The expenditure on charitable activities includes hire of r(K*llS, catering, payments to consultants, staff co
ordinators and sundry expenses
Funds structur8
Unrestricted funds are available for use at the discretion of the Trustees and in furth8rance of the general
objectives of the Charity.
Restricted funds are monies raised for, and their use restricted to, a specific purpose or donations subject to donor
imposed condf(ions.
Realised gains and Ios888
All gains and losses are taken to the Statement of Financial Activities as Ihey arise. Realised gains and b&ses on
investments are calculated as the difference b8iween sales proceeds and their opening carrying value or their
purchase value tf acquired subsequent to the first day of the financial year. Unrealised gains and losses are
calculated as the difference between the fair value at the year end and their carrying value. Realised and
unrealised investment gains and losses are shown separately in the St8t8ment of Financial Activities.

WHIPPS CROSS UNNERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
Page 10
FOR THE YEAR ENDED 5 APRIL 2024
2. Other costs
GRANTS
Grants made to Whipps Cross Universlty Hospitsl and their personnel
2024
2023
Grants awarded - De Jod8 Fund
231
Other off￿e costs (note 3}
Governance costs (note 4)
Depreciation (note 7)
3,358
11.460
3,992
10.218
11,549
14,818
25,759
3. OTHER OFFICE COSTS
2024
2023
Insurance
Financial charges
Website hosting
1.172
2,186
1,172
1,740
1.080
3.358
3,992
The Trustees were not paid any remuneration or reimbursed any expenses during the year.
4. GOVERNANCE COSTS
2024
2023
AKountancy and independent examin8rfs fees
VAT on accountancy fees and legal fees
Secretarial fees- Open Audien
6,450
1.290
3.720
11,460
7,565
1,513
1.140
10,218
Staff Number
Average monthly number during the year
5. TRUSTEES. REMUNERATION AND BENEFITS
There was no Trustegs, remuneration or other benefits for the year ended 5 April 2024, nor for the year ended 5
April 2023.
Trustees. Expenses
There were no Trustees, expenses Paid for the year ended 5 April 2024, nor for the year ended 5 April 2023.

WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
Page 11
FOR THE YEAR ENDED 5 APRIL 2024
FIXED ASSET INVESTMENTS
2024
2023
UK listed Investments
Market value at 6 April 2023
Additions
Disposals
Net unrealised investment gainsl(losses)
893,568
363,985
(362,780)
75,939
959,894
102.033
(119,386)
(48.973)
Market value at 5 April 2024
970.712
893,568
2024
2023
Investments at fair value
Equities
Fixgj interest equiiies
742,732
227,980
708,759
184,809
970,712
893,568
7 Webslte development cost
2024
2023
Net book value at 6 April 2023
Depreciation
Net book value at 5 April 2024
11.550
{11,549}
DEBTORS
2024
2023
Dividends receivable & prepayments
SuThJry debtors
2,249
91,340
93,589
2,331
83,789
86,120
9 CREDITORS AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Accruals
19,919
37,437
10 CONTINGENT LIABILITIES
The Trust has agr8ed with the Research & Develoment Departsnent of Whipps Cross Universty Hospital that the
trustees, for a rolling tw&year perh)d, would underwrite any MHRA inSt￿tIon costs which may occur to a figure not
exceeding £15,000.
11 CONTROLUNG PARTY
The Trustees believe that the Trust do8s not have a controlling party.
12 UNRESTRICTED AND DESIGNATED FUNDS
Unrestrlcted - Reservès
The balance on Unrestricted Funds after the following designation repr&sents the Charivs investment portfolD and
resenRs held as knrking capital" for general purposes.
Designated - Forest Plus Fund
This is a designated fund established in 1999 with the receipt of an initial grant of £10,OIXI which has been added to
over the years. The funds are eamiarked for the improvement of education and research opportunities for Doctors
within the area of benefrt. During the year to 5 April 2018 the fund was merged with the main furbd.

Page 12
WHIPPS CROSS UNIVERSITY HOSPITAL MEDICAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 5 APRIL 2024
13 RESTRICTED FUNDS - De Jode Fund
The initial grant was re￿iVed in the 1970s from Mr De Jode. Thls long standing specific fund provKles support for
Doctors and Dentists in training in Waltham Forest to present research papers outside the United Kingdom. The
fund value at 5 April 2024 was £98.753 (2023 - £93,670).
14 TOTAL TRUST FUNDS- ANALYSIS OF NET ASSEfs BETWEEN FUNDS
Net Current
Assetsl
(Liabilities)
Fixed
Assets
Total
Restricted funds - De Jode
Unrestricled funds
84,705
886.008
14.048
133,566
98,753
1.019.574
970,713
147,614
1,118,327
15 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
Unrestrlcted Restrfcted
Funds
Fund8
Total
Funds
INCOME:
Notes
Charitable activTrties
Investments
Oiher income
97,206
20,701
145
97,2[
23,608
145
2,907
Total
118,052
2,907
120,959
EXPENfATURE ON..
Raising funds
Charitable activities
Other
10,751
80,134
25,759
1,068
11,819
80,134
25,759
Total
116,644
1,C68
117,712
Net gainsl{losses) on investments
(8,797)
(64)
<8,861)
NEf INCOMEI(EXPENDITURE)
(7.389)
1,775
(5,614)
OTHER RECOGNISED GAINSIILOSSES)
Gainsl(bsses) on revaluation of investment assets
(45.238)
(3,735)
(48,973)
NET MOVEMENT IN FUNDS
{52,627)
{1,960)
(54.587)
RECONCILIATION OF FUNDS
Total funds brought forward
964,154
95,630
1,059,784
TOTAL FUNDS CARRIED FORWARD
911.527
93,670
1,005,197