2020-12-31-accounts - Benslow Music Trust

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		Page
Report ofthe Trustees		I to 14
Repott ofthe Independent Auditors		15to IS
Consolidated Statement ofFinancial	Activities	19
Statement ofFinancial Activities		20
Consolidated Statentent ofFinancial	Position	21
Statement ofFinancial Position		22 to 23
Consolidated Statement ofCash Flows		24
Notes to the Consolidated Statement	ofCash Flows	25
Statement ofCash Flows		26
Notes to the Statement ofCash Flows		27
Notes to the Financial Statements		28 to 45

			FOR	THE YEAR EN	DED 31DEC	EMBER 2020
							31.12.20		31.12.19
				Um'estricted	Restricted	Endownlellt	Total		Total
				funds	funds	funds	funds		funds
			Notes		f,
INCOME AND
ENDOWMENTS FROM
Donations and legacies				708,164			708,164		69,088
Charitable activities
Music courses				488,648			488,648		897,975
Music lettings				29,657			29,657		78,864
Concerts, including	grants			17,966			17,966		27,812
Income front Bensiow		Music
Enterprises Limited			16	23,562			23,562		54,449
Other trading activities			4	15,034			15034		39,561
Investment income Other income			5 7	8,488 ~25 523			8,488 25,523		11,070 29,645
Total				1,317,042			1,317,042	1,208,464
EXPENDITURE ON
Raising funds				41,896			41,896		83,253
Charitable activities
Operation ofcourses	and
musical activities				830 074	74 975		905 049	1,224,382
Total				871,970	74,975		946,945	1,307,635
Net gains/(losses) on
investments				26,414			26414		46,660
NET
INCOME/(EXPENDITURE)
BEFORETAXATION				471,486	(74,975)		396,511		(52,511)
Tax on subsidiaty
NET
INCOME/(EXPENDITURE)				471,486	(74,975)		396,511		(52,511)
RECONCILIATION		OF
FUNDS
Total funds brought	forward			445,421	780,895		1,226,316	1,278,827
TOTAL FUNDS CARRIED
FORWARD				916,907	705 920	—	1,622 827	I	226,316

							31.12.20	31.12.19
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Notes	f
INCOME AND
ENDOWMENTS	FIIOM
Donations aml legacies				713,444			713,444	69,100
Charitable activities
Music courses				488,648			488,648	897,975
Music lettings				29,657			29,657	78,864
Concerts, including	grants			17,966			17,966	27,812
Other trading activities			4	15,034			15,034	39,561
Inveshnent income			5	8,488			8,488	11,070
Other income			7	35 842			35 842	70 145
Total				1,309,079			1,309,079	1,194,527
EXPENDITURE	ON
Raising funds				7,520			7,520	14,833
Charitable activities
Operation ofcourses		and
musical activities				856487	74,975		931,462	1,278,865
Total				864,007	74,975		938,982	1,293,698
Net gahrs/(losses)	on
investments				26 414			26 414	46,660
NET
INCOME/(EXPENDITURE)				471,486	(74,975)		396,511	(52,511)
RECONCILIATION		OF
FUNDS
Total funds brought		fomvard		445,417	780,895		1,226,312	1,278,823
TOTAL FUNDS CARRIED
FORWARD				916903	705,920		1,622, 823	~1226312

		AT 31D	ECEMBER 20	20
					31.12.20	31.12.19
		Unrestricted	Restricted	Endowment	Total	Total
		funrls	funds	funds	funds	funds
	Notes	f.
FIXEDASSETS
Tangible assets	15	32,084	668,484		700,568	783,583
Investments	16	442 097			442,097	411405
		474,181	668,484		1,142,665	1,194,988
CURRENT ASSETS
Stocks	17	4,893			4,893	5,372
Debtors	18	38,243			38,243	25,011
Cash at bank		652,170	37,436		~689606	263,807
		695,306	37,436		732,742	294,190
CREDITORS
Amounts falling due within one
year	19	(252,580)			(252,580)	(262,862)
NET CURRENT ASSETS		442 726	37436		480,162	31 328
TOTAL ASSETS LESS
CURRENT LIABILITIES		916,907	705,920		1,622,827	1,226,316
NET ASSETS		~916907	~705 920		1,622,827	1,226316
FUNDS	21
Unrestricted funds					916,907	445,421
Restricted funds					705,920	780 895
TOTAL FUNDS					I 622 827	~1226,316

						31.12.20	31,12.19
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	fullds
		Notes					8
FIXED ASSETS
Tangible assets		15	32,084	668,484		700,568	783,583
Investments		16	442 098			442 098	411,406
			474,182	668,484		1,142,666	1,194,989
CURRENT ASSETS
Stocks		17	3,330			3,330	3,330
Debtors		18	63,845			63,845	49,878
Cash at bank			639,701	37,436		677,137	253,107
			706,876	37,436		744,312	306,315
CREDITORS
Amounts falling due within	one
year		19	(264,155)			(264,155)	(274,992)
NET CURRENT ASSETS			~442 721	~37 436		480,157	31,323
TOTAL ASSETSLESS
CURRENT LIABILITIES			916,903	705,920		1,622,823	1,226,312
NKT ASSETS			916,903	705 920		1,622623	1226,312
FUNDS		21
Unrestricted funds						916,903	445,417
Restricted funds						705 920	780,895
TOTAL FUNDS						I 622,823	1,226,312

						31.12.20	31.12.19
					Notes
Cash floivs from operating		activities:
Cash generated fi'oni operations						423,902	~29,421)
Net cash provided by (used		in) operating
activities						423,902	~29,421)
Cash flows from investing	activities:
Purchase oftangible fixed assets						(2,313)	(2,238)
Purchase offixed asset investments Sale offixed asset investments						(176,990) 172,712	(105,807) 98,961
interest received						445	979
Dividends received						8,043	10,091
Net cash provided by(used		in) investing
activities						1 897	1 986
Cash flows from financing	activitins:
Proceeds from issue ofshares
Net cash provided (used in)		financing
activities
Change in cash and cash equivalents			in the			425,799	(27,435)
repairing period
Cash and cash equivalents	at the beginning			of
thc reporting period						~263 807	291 242
Cash and cash equivalents	at the end		ofthe
reporting period						689,606	263,807

ACTIVITIES
						31.12.20	31.12.19
Net income/(expenditure)		for	the reporting		period (as per the statement
offinancial activities)						396,511	(52,511)
Adjustments for:
Depreciation charges						85,328	87,995
Losses/(gain) on invcshnmits						(26,414)	(46,660)
Interest received						(445)	(979)
Dividends received						(8,043)	(10,09])
Decrease in stocks						479	(67)
Increase in debtors						(13,232)	(1,221)
Increase in creditors						~10282)	~5,887)
Net cash provided	by (used in) opm'sting			activities		423,902	~29,421)

		FOR	THE	YEA	R ENDED 31 DEC	EMBER 2020
						31.12.20	31.12.19
					Notes
Cash flosvs from operating		activities:
Cash generated fiom opemtions						422 133	~18,602)
Net cash provided by (used		in) operating
activi ties						422 133	~18602)
Cash flo&vs from investing	activities:
Purchase oftangible fixed assets						(2,313)	(2,23 8)
Purchase offixed asset investments						(176,990)	(105,807)
Sale offixed asset investtnents						172,712	98,961
Interest received						445	979
Dividends received						8 043	~IO 091
Net cash provided by (used		iu) investing				1,897	1,986
activities
Change in cash and cash equivalents			in the
reporting period						424,030	(16,616)
Cash and cash equivalents	at the beginning			of
the reporting period						253,107	269,723
Cash and cash equivalents	at the end		ofthe
reporting period						677 137	253 107

ACTIVITIES
				3].12.20	31.12.19
Net income/(cxpcnditurc)	for the reporting		period (as per the statement
offinancial activities)				396,511	(52,511)
Adjustments for:
Depreciation charges				85,328	87,995
Losses/(gain) on investments				(26,414)	(46,660)
Interest received				(445)	(979)
Dividends received				(8,043)	(10,091)
Increase in debtors Increase in creditors				(13,967) ~10837)	3,957 ~313)
Net cash provided by (used in) operating		activities		422 133	~18602)

Group
	31.12.20	31.12.19
Donations	647,222	32,300
Subscriptions	60,942	36788
	708,164	69088
Charity
Donations	652,502	32,312
Subscriptions	60 942	36,788
	713,444	69 100

	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
	Group
					31.12,20	31.12.19
	Other lettings				1,362	8,352
	Bar sales				13672	31,209
					15,034	~39561
	Charity
	Other lettings				1,362	8,352
	Bar sales				13,672	31,209
					15,034	39,561
S.	INVESTMENT INCOME
	Group & Clrarity
					31.12.20	31.12.19
	Dividends received				8,043	10,091
	Deposit account interest				445	979
					8 488	11,070
6.	INCOME FROM	CHARITABLE ACTIVITIES
	Group &Charity
					31.12.20	31.12.19
			Activity			g
	Course fees		Music courses		488,648	897,975
	Music lettings Concetts, including	grants	Music lettings Concetts, including	grants	29,657 17,966	78,864 ~27 812
					536,271	I 004 651

	F	F	OR THE YEAR E	NDED 31DE	CEMBER2020
	OTHER INCOME
	Group
						31.12.20	31.12.19
	Management	charge				25,523	22,000
	Other income						7,645
						25,523	29,645
	Charity
	Management	charge				35,842	62,500
	Other income						7,645
						35,842	70,145
	RAISING FUNDS
	Other trading	activities
	Group
						31.12.20	31.12.19
	Purchases					41,896	83,253
	Charity
	Purchases					7,520	14,833
9.	CHARITABLE ACTIVITIES COSTS
	Group
					Direct costs	Suppost costs	Totals
						(Seenote 10)
					g
	Operation ofcourses and musical activities				459,988	445,061	905,049
	Charity
					Direct costs	Support costs	Totals
						(Seenote 10)
	Operation ofcourses and musical activities				490,323	441,139	931,462
10.	SUPPORT COSTS
	Group
						Governance
			Other	Other 2	Other 3	costs	Totals
				6	g	8
	Operation ofcourses and
	musical activities		345,866	43,303	47,716	8,176	445,061
	Charity
						Governance
			Other	Other 2	Other 3	costs	Totals
							g
	Operation ofcourses and
	musical activities		345,866	43,303	45,894	6,076	441,139

				Group		Charity
				31.12.20	31.12,19	31.12.20	31.12.19
						Operations
				Operations		ofcourses
				ofcourses		mltl
				and musical	Total	musical	Total
				activities	activities	activities	activities
							f.
Wages Rent, rates and service charge				153,041 11,965	202,695 15,631	153,041 11,965	202,695 15,631
Insurance				9,924	9,565	9,924	9,565
Light and heat				31,915	30,392	31,915	30,392
Gardener/Technical		aml	supervisory
fees				14,574	7,408	14,574	7,408
Repairs and	maintenance		to grounds
and buildings				]4,218	43,581	14,218	43,58]
Printing, postage		and stationeiy		3,819	32,673	3,819	32,673
Redundancy	costs			2],082		21,082
Depreciation	oftangible		fixed assets	85,328	87,995	85,328	87,995
Computer costs Hire ofequipment				18,380 10,249	24,532 12,491	18,380 10,249	24,532 12,49]
Advertising				4,547	12,132	4,547	12,132
Telephone				6,362	6,102	6,362	6,102
Consultancy	fees			3,765	3,245	3,765	3,245
Subscriptions				775	428	775	428
Interest and	charges			5,756	8,768	5,040	7,727
Non-recoverable		VAT		31,386	39,607	31,386	39,607
General expenses				8,693	12,307	8,693	12,307
Commission	paid			1,106	3,365
Bad debts
Auditors' remuneration				3 376	11,716	6076	9603
				445.663	564 633	443 339	556 334

		31.12.20	31.12.19
Wages 6t	Salaries	353,751	473,908
Einployers	NI	28,852	32,831
		382,603	506,739

	31.12.20	31.12,19
Direct staff	20	29
Suppoit staff	12	9
	32	38

Group
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	fulids
INCOME AND
ENDOWMENTS	FROM
Donations and legacies		69,088			69,088
Charitable activities
Music courses		897,975			897,975
Music lettings		78,864			78,864
Concerts, including	grants	27,812			27,812
Other trading activities		94,010			94,010
Invesnnent income		11,070			11,070
Other income		29 645			29,645
Total		1,208,464			1,208,464
EXPENDITURE	ON
Raising funds		83,253			83,253
Charitable activities
Operation ofcourses and musical activities		1,149376	75,006		~1224,382
Total		1,232,629	75,006		1,307,635
Net gains/(losses)	on investments	46 660			46,660
NET INCOME/(EXPENDITURE)
BEFORETAXATION		22,495	(75,006)		(52,51 I)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THK YEAR ENDED 31DECEMBER 2020	NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THK YEAR ENDED 31DECEMBER 2020	NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THK YEAR ENDED 31DECEMBER 2020	NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THK YEAR ENDED 31DECEMBER 2020	NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THK YEAR ENDED 31DECEMBER 2020	NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THK YEAR ENDED 31DECEMBER 2020
2019COMI8AIIATIVKS FOR THE STATEMENT 015' FINANCIAL ACTIVITIES —continued
			Unrestricted	Restricted	Endowment	Total
			tunds	funds	funds	funds
					f.	8
Tax on subsidimy
NET INCOME/(EXPENDITURE)			22,495	(75,006)		(52,511)
RECONCILIATION		OF
FUNDS
Total funds brought		forward	422,926	855,901		1,278,827
TOTAL FUNDS	CARRIED FORWARD		~445 421	780,895		I 226,316
Charity
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			69,100			69,100
Charitable activities
Music courses			897,975			897,975
Music lettings			78,864			78,864
Concerts, including	grants		27,812			27,812
Other trading activities			39,561			39,561
Investment income			11,070			11,070
Other income			70,145			70,145
Total			1,194,527			1,194,527
EXPENDITURE	ON
Raising funds			14,833			14,833
Charitable activities
Operation ofcourses and musical activities			7,203,859	75 000		1,278,865
Total			1,218,692	75,006		1,293,698
Net gains/(losses)	on	investntents	46,660			46,660
NET INCOME/(EXPENDITURE)			22,495	(75,006)		(52,511)
RECONCILIATION		OF
FUNDS
Total funds brought		forward	422,922	855,901		1,278,823
TOTAL FUNDS	CARRIED FORWARD		445,417	~780 895		1,226,312

	FOR THE YE	AR ENDED 31DEC	EMBER 2020
15.	TANGIBLE FIXEDASSETS
	Group &Charity	Frcchold	Plant and	Fixnires and
		pl'op city	machinery	Btttings	Totals
	COST
	At I Januaiy 2020	1,872,003	85,017	243,714	2,200,734
	Additions			2313
	At 31 December 2020	1,872,003	85,017	246,027	2,203,047
	DEPRECIATION
	At I January 2020	1,128,923	83,967	204,261	1,417,151
	Charge for year	74,880	452	9,996	85 328
	At 31 December 2020	I 203,803	84,419	214,257	1,502,479
	NET BOOK VALUE
	At 31 December 2020	668,200	598	31,770	700 568
	At 31December 2019	743 080	I 050	39,453	783,583

EIXED ASSET INVESTMENTS Charity
	Shares	in
	gl'oilp		Listed	Unlisted
	undertakings		investments	lllvestni ellis	Totals
MARKET VALUE
At 1 Januaty 2020			366,459	7,076	373,536
Additions			176,990		176,990
Disposals			~172482)		(172,482)
At 31December 2020			370,967	7,076	378,044
PROVISIONS
Provision b/f			(37,287)	(583)	(37,870)
Revaluation adjustments			~29,697)	3,513	~26 184)
At 31December 2020			~66,984)	2,930	~64 054)
NET BOOK VALUE
At 31 December 2020			437,951	4,146	442 098
At 31 December 2019			403 746	7 659	411406

Class ofshare:	Class ofshare:			holding
Ordinaiy				100
The summary		fuiancial performance	ofthe subsidiary	alone is:
					31.12.20	31.12.19
Profit and	loss account
Turnover					53.897	115,451
Direct costs					(34,376)	(68,420)
Gross profit					19,521	47,031
Administrative		expenses			(19,521)	(47,031)
Net profit
Aggregate	capital and reserves				4	4

			Group		Charity
			31.12.20	31,12.19	31.12.20	31.12.19
				f	f,
Stocks			4 893	5 372	3 330	3,330
TORS: AMOUNTS FALLING DUK WITHIN ONE YEAR
			Group		Clmrity
			31.12.20	31.12.19	31.12.20	31.12.19
				f.
Tmde debtors			588	5,415	22,683	26,405
Other debtors			20,204	3,606	25,672	8,648
Prepayments	and accrued income		15,490	14,825	15,490	14,825
Social security		and other taxes	1 961	1 165
			38,243	25,011	63,845	49 878

		Group		Charity
		31.12.20	31.12.19	31.12.20	31.12.19
		6	g
Trade creditors		14,893	16,905	14,255	14,438
Social security	and other taxes	11,874	17,946	11,874	17,946
Other creditors		199,997	191,862	199,997	195,444
Accrued expenses		25 816	36 149	38 029	47 164
		252,580	262,862	264,155	274,992

Charity
	31.12.20	31,12.19
Within one year	2,637	2,637
Between one and five years	879	3 516
	3,516	6 153

Group						At 1.1.20	Net movement hs funds	Transfers between fumls	Transfers between fumls	At 3].12.20
									f.
Unrestricted	funds
General fund						253,221	366,768			619,989
Designated	fund	- Contingency			fund	190,000				]90,000
Designated	fund	—IT				2,200				2,200
Designated	fund	—Garden		fund			4,718			4,718
Designated	fund	—Development			fund		100,000			100,000
						445,421	471,486			916,907
Restricted	fuuds
Other						3,380	(95)			3,285
Propetsy fund Investment fund		—property				743,080 ~34 435	(74,880)			668,200 34,435
						780,895	(74,975)			705,920
TOTAL FUNDS						~1226316	~396511			~1622,827
Net movement in		funds,	included		in the above are as follows:
Group						Incoming	Resources	Gains and		Movement in
						resources	expended		losses	funds
										f.
Unrestricted	funds
General fund						1,207,042	(866,688)		26,414	366,768
Designated Designated	fund fund	—Garden fund —Development			fund	10,000 ~100 000	(5,282)			4,718 ~100000
						1,317,042	(87],970)		26,414	471,486
Restricted	funds
Other Property fund							(95) ~74 880)			(95) ~74 880)
							(74,975)			(74,975)
TOTAL FUNDS						I 317,042	~946,945)		26414	396511

Comparatives	Comparatives	Comparatives	for movement	in funds
Group						Net movement	Transfers
					At 1.1.19	in funds	between	funds	At 31.12.19
Unrestricted		funds
General fund					230,726	22,495			253,221
Designated		fund	—Contingency	hmd	190,000				190,000
Designated		fund	—IT		2,200				2,200
					422,926	22,495			445,421
Restricted	funds
Other					3,506	(126)			3,380
Property fuml					817,960	(74,880)			743,080
Investntent		fund	—property		34,435				34435
					855,901	(75,006)			780,895
TOTAL FUNDS					I 278,827	~52511)			1,226316

Group			Incoming	Resources	Gains and	Movement in
			resources	expended	losses	funds
Unrestricted		funds
General	fund		1,208,464	(1,232,629)	46,660	22,495
Restricted funds
Other Property	fund			(126) ~74 880)		(126) ~74,880)
				~75 006)		~75,006)
TOTAL	FUNDS		I 208,527	~1307635)	46 660	52,511

MOVEMKNT IN FUND	MOVEMKNT IN FUND	S —continued	S —continued
A cur ent year 12months		and prior year 12months		combined	position	is as follows:
Group				At 1.1.19	Net movement in funds		Transfers between funds	At 31.12.20
Unrestricted	funds
General fund				230,726		389,263		619,989
Designated	fund —Contingency		fund	190,000				190,000
Designated	fund —IT			7,500				2,200
Designated Designated	fund —Garden fund fund —Development		fund			4,718 100,000		4,718 ~100 000
				422,926		493,981		916,907
Restricted	funds
Other				3,506		(221)		3,285
Property fund Investment fund - propetty				817,960 34435		(149,760)		668,200 34,435
				~855 901	~149981)			705,920
TOTAL FUNDS				~1,278 827	~344 000			~1622,827

as follow	s:
Group				Incoming	Resources	Gains and	Movement in
				resources	expended	losses	funds
						8
Unrestricted		funds
General	fund			2,415,506	(2,099,317)	73,074	389,263
Designated Designated		fund —Garden fund fund —Development	fund	10,000 100,000	(5,282)		4,718 ~100000
				2,525,506	(2,104,599)	73,074	493981
Restricted		funds
Other Properay	fund				(221) ~149760)		(221) ~149760)
					~149981)		~149981)
TOTAL	FUNDS			2 525 506	~2254,580)	73 074	~344 000

Charity							Net movetnent	Transfers	Transfers
						At 1.1.20	in funds	between	fumls	At 31.12.20
Unrastrtcted		funds
General fund						235,217	366,768			619,985
Designated		fund	- Contingency		fund	190,000				190,000
Designated		fund	- IT			2,200				2,200
Designated		fund	—Garden	fund			4,718			4,718
Designated		fund	—Development		fund		100,000			100000
						445,417	471,486			916,903
Restricted	funds
Other						3,380	(95)			3,285
Property fund						743,080	(74,880)			668,200
Invesnnent	fund		—propetsy			34,435				34435
						780,895	(74,975)			705,920
TOTAL FUNDS						I 226,312	396,511			~1,622 823

Net mov	em	e	nt in funds, in	cluded	in the abo	ve are as follows:
Charity						Incoming	Resources	Gains and	Movement in
						resources	expended	losses	funds
Unrestricted			funds
General	fund					1,199,079	(858,725)	26,414	366,768
Designated			fund —Garden	fund		10,000	(5,282)		4,7]8
Designated			fund —Development		fund	100,000			100,000
						1,309,079	(864,007)	26,414	471,486
Restricted		funds
Other Property	fund						(95) ~74,880)		(95) ~74,880)
							(74,975)		(74,975)
TOTAL	FUNDS					~1309,079	~938,982)	26414	396511

Comparatives	Comparatives	for	for	movement	in funds
Charity							Net movement	Transfers
						At 1.1.19	in funds	between	funds	At 31.12.19
									f.	f
Unrestricted		funds
General	fund					230,722	22,495			253,217
Designated fund			- Contingency		fund	190,000				190,000
Designated fund			- IT			2 200				2,200
						422,922	22,495			445,417
Restricted funds
Other						3,506	(]26)			3,380
Property fund Investment fund			—property			817,960 34435	(74,880)			743,080 ~34435
						855,901	(75,006)			780,895
TOTAL	FUNDS					1,278,823	~52,511)			~1226 312
ative net	movement			in funds,	included	in the above as follows
Charity						Incoming	Resources	Gains and		Movement in
						resources	expended		losses	funds
						f
Unrestricted		funds
General	fund					1,194,527	(1,218,692)		46,660	22,495
Restricted funds
Other Property	fund						(126) ~74 880)			(126) ~74 880)
							~75 006)			~75 006)
TOTAL	FUNDS					~II 94 527	~1293698)	~46 660		~52511)

A cun'ent	year 12months	year 12months	and prior year 12months	and prior year 12months	combined	position	is as follows:	is as follows:
Charity						Net movement		Transfers
					At 1.1.19		in funds	between	funds	At 31.12.20
Unrestricted funds
General fund					230,722		389,263			619,985
Designated	fund	- Contingency		fund	190,000					190,000
Designated	fund	—IT			2,200					2,200
Designated	fund	—Garden	fund				4,718			4,718
Designated	fund	—Development		fund			100000			100,000
					422,922		493,981			916,903
Restricted	funds
Other					3,506		(221)			3,285
Property fund					817,960	(149,760)				668,200
Investment	fund	—property			34435					34435
					855,901	~149,981)				705,920
TOTAL FUNDS				~1278,823			344 000			I 622 823

Charity						Incoming	Resources	Gains and	Movement in
						resources	expended	losses	funds
Unrestricted			funds
General	fund					2,393,606	(2,077,417)	73,074	389,263
Designated			fund —Garden	fund		10,000	(5,282)		4,718
Designated			fund —Development		fund	100,000			100000
						2,503,606	(2,082,699)	73,074	493,981
Restricted		funds
Other Property	fund						(221) ~149760)		(221) ~149760)
							~149981)		~149981)
TOTAL	FUNDS					2 503,606	~2232,680)	73 074	344 000