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2022-03-31-accounts

Partners in Service

Annual Report and Accounts for the year ended 31st March 2022

Delhi Bible Institute’s UK representative charity (registered no 327424)

PARTNERS IN SERVICE

YEAR ENDED 31[ST] MARCH 2022

CONTENTS

Page
Legal and Administrative Information 1
Trustees’ Annual Report 2-5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-15

PARTNERS IN SERVICE

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31[ST] MARCH 2022 CHARITY NAME: Partners in Service WORKING NAME: DBI Partners UK CHARITY REGISTERED NUMBER: 327424 CORRESPONDENCE ADDRESS: 1 King Edward Road Bath BA2 3PB EMAIL ADDRESS: admin@dbipartnersuk.org.uk WEBSITE: www.partnersinservice.org.uk CURRENT TRUSTEES: Rev David Johnston (Chairman) Rev Philip Hair (Vice Chairman) Mr Stephen Dalling (Secretary) Mr Richard Henry (Acting Treasurer from 10th July 2021) Rev Alastair Dunlop (from 10th July 2021) Rev Prebendary Ian Lewis Rev Howard Mason Mrs Dorothy Pavey Dr Sally Raheja (from 10th July 2021) Rev Michael Smailes BANKERS: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4LQ INDEPENDENT EXAMINER: Mr M B J Cronin MAAT FCIE MICB Bowhill Bookkeeping Services 172 Newman Road Exeter EX4 1PQ

1

PARTNERS IN SERVICE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31[ST] MARCH 2022

The Trustees present their annual report and financial statements of Partners in Service (‘the Charity’/’the Trust’) for the year ended 31st March 2022. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 and 10 and comply with the Charity’s Trust Deed, the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019) and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Objectives and activities

The principal object of the Charity is to promote the good news of the Lord Jesus Christ through actions which are prompted by the love and example of His life. This is done mainly by supporting the work of Delhi Bible Institute (“DBI”); encouraging financial support of its work through the distribution of news and other DBI resources; and organising visits to the UK by the National Director. DBI has been based at Bible Bhavan since 1966, and currently operates from 9 centres in 7 states in India.

Partners in Service is DBI’s UK representative trust and uses the name ‘DBI Partners UK’.

In addition to the Trust’s principal object of supporting DBI, its other objects are to relieve those in need in developing countries and deprived areas, and to support any other charitable objects as the Trustees shall from time to time determine.

Care is taken by the Trust when deciding how to fulfil its objects and carry out its duties and responsibilities, and to ensure that DBI, and any other work the Trust supports, are able and willing to use the funds for the benefit of the public or identifiable sections of the public and in keeping with the Trust’s objects.

In selecting what and whom to support during the year, the Trustees and the Trust have considered the Charity Commission’s Guidance on public benefit and in particular the Commission’s specific guidance on charities for the advancement of religion and its guidance on the prevention and relief of poverty for the public benefit.

The Trust continues to meet its legal requirements in a variety of ways, including supporting DBI.

Grant making policy

The majority of activities undertaken by the Trust are in support of the work of DBI.

The Trust does occasionally channel funding to other charitable causes, in accordance with its objects and responsibilities as set out above.

Achievement and performance

Once again, there has been an outpouring of prayerful generosity offered by individuals, churches and trusts during the course of the last year. The Trust was able to transfer a further £75,905 in support of DBI’s increased ministry to the poor and destitute as part of the Covid-19 response. In addition to this, donations for DBI’s Oxygen Concentrators Appeal amounted to £110,838 - a sum which far exceeded all expectations. All this was in addition to usual giving and support. Such response inspires both humility and hope, not only in those receiving the benefits of such generous giving, but also in all those involved in the Trust, and for this we all give thanks.

As a result of the ongoing effects of the Covid-19 Pandemic, meetings were again held more regularly – including online. DBI’s National Director attended all meetings during the year online.

2

PARTNERS IN SERVICE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31[ST] MARCH 2022

Financial review

The generosity of individuals, churches, and trusts has again been evident during the course of the year. General gifts (including relevantly apportioned interest and tax recoveries) totalled £178,043 (see Note 5). As with all unspecified gifts received by the Trust, these gifts were allocated to the DBI (General) Fund.

In addition to these general gifts, specific donations included gifts for - amongst others - social projects, pandemic response appeals, translated materials, the staff retreat, and local Centres. The total donated to these projects was £170,413 including apportioned interest and tax recoveries. Overall giving across all restricted funds was £348,456 compared with the previous year’s income of £377,179.

Such generosity enabled Trustees to transfer a total of £369,006 to DBI for their various projects.

Trustees give thanks for the commitment of all those who have supported Partners in Service over the past year, whether financially, through prayer, or by donating their time.

Sometimes ear-marked gifts are not requested for onward transfer during the year in which the gift is made, but Trustees do ensure that any such money required in the following year is forwarded without delay. At the same time, it is incumbent upon the Trust to ensure that it holds enough restricted funds to cover those ongoing costs to which the Trust is committed.

The Trust does not own property.

Despite the Covid-19 challenges faced globally during the last two years, the prayerful generosity of donors has resulted in increased giving, for which Trustees give thanks. As a consequence, the Trust continues to be confident of meeting its obligations into the future.

Reserves policy

The Trust’s Reserves Policy is regularly reviewed as a matter of good practice.

The Trust aims to have sufficient funds from year to year to facilitate the work of Delhi Bible Institute and in particular, to provide against fluctuations in DBI’s income and expenditure needs.

In pursuance of this aim the Trust continues to be transparent with DBI regarding its funds. The Trust aims to provide agreed quarterly reporting to the National Director of DBI and endeavours to hold reserves, in its restricted DBI (General) Fund, which are at least equivalent to the Trust’s general annual giving to DBI needs.

The Trust does not expect any of its other sub-funds to accumulate more than modest reserves and would anticipate that these will normally have year end balances of less than £10,000. Should sub-funds have more sizeable amounts, the Trust will discuss with DBI how the money accumulated in the sub-funds can be used, in line with the purpose of the sub-fund.

The intention of the Trustees is that this Policy should not place any maximum on the level of funds which can properly be held by the Trust, at any one time, to be used for the furtherance of the work of DBI. For avoidance of doubt this Policy will not prevent the Trust from forwarding to DBI any funds held by the Trust for the furtherance of DBI’s work which are requested by DBI. The nature and timing of projects supported in India means that from time to time reserves may fall below the one year target.

3

PARTNERS IN SERVICE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31[ST] MARCH 2022

Risk management

The Trustees have examined the major organisational risks which the Trust faces. The Trustees are confident that these risks are relatively minimal given the nature of its work, the donations made to it and the modest costs that it incurs in respect of its Administrator.

Structure, Governance and Management

Partners in Service is a UK registered charity (number 327424), and is constituted under a trust deed dated 2nd March 1987, as amended by a supplemental deed dated 12th August 1996. The Trust has in recent years adopted a working name: ‘DBI Partners UK’, and this is registered as such at the Charity Commission.

Trustees are appointed by the Board of Trustees and serve for an indefinite period. They meet at least annually. Those Trustees who have served during the year and up to the date the report was approved are as follows:

Rev David Johnston (Chairman) Rev Philip Hair (Vice Chairman) Mr Stephen Dalling (Secretary) Mr Richard Henry (Acting Treasurer from 10th July 2021) Rev Alastair Dunlop (from 10th July 2021) Rev Prebendary Ian Lewis Rev Howard Mason Mrs Dorothy Pavey Dr Sally Raheja (from 10th July 2021) Rev Michael Smailes

New Trustees are selected on the basis of their experience, skills and knowledge of Christian work in India and across the world.

4

PARTNERS IN SERVICE TIIUSTEES. ANNUAL REPORT YEAR ENDED 3111 MARCH 2022 The Trugt••s are responsible for preparing the Report ol tho Tru#t88$ 8nd th8 financial 8tatomont8 in accordanc8 With applicablo law and Unit8d KiTrddom Ac￿￿nting St8nd8id• IUnit8d Kingdom Generally Acc&pt8d AccountiThJ Practice). bncluding Flnancial Reporting Stsndar¢J 102 'Th8 Financial A9￿rtIng Stand4rd applicable in tho UK and Republi¢ of Irol¥nd". Tho law applicabl& io char¥tie8 in England and Wales. the Charities Act 2011, Charity (Accounts and Raport$l R8gul8tion5 2008 and the provisions oi the trust deed requires the Tru$taes to preparo financial statoments for each financial year which give a true and fair viow of the stats of affairs of th8 Charity and of th8 in¢omiry r880urcos and application ol iesources. induding tha incomo and expenditure. of the Charity for that period. In preporing th088 financial ststement8. the TrU$t￿ aro rfjquir￿ to: sel8Ct suitable accounting policTr8s and th&n apply iham consistentlv: observe the methods and principles in the Charity SORP.. make judg8mènts and 8Stimates that affj raason8ble and prud¢nL' state wh&th8r applicable accounting standards have b8&n lollow8d. subjoct to any material departures disdosed and explainod in th8 financial statements: preFare the finantial stat8rn8nts on thtr gtsir¥3 corthrn bashs unl95¥ it 1$ 4ftèPP¥OPri8t8 to pr88ume that tha Charity will continue in busina85,' The Trust88s are re$ponsibl8 for keepitvJ proper accountiry re￿rdS vthich disclo8è viith raasonablg a￿UracY at any tima the financi81 potion oltha Charity andtoonablothem to en•ur8 that the financial statements comply with th& Chariti88 Act 2011. tho Charity IAc¢ount$ ond Reports) Regulation8 2CM)8 and the provisi¢)ns of the trust d08d. They are alèo responsibte for saf6ouarding the 8S88t# ol tho Charity and hence for tskirwJ rea￿nable t•w for th• proven￿On and dgte¢tion of fraud nd other irreoultritio8. Approved by the Tru8t8•1 and •igMd on thoir behalf by: Il•v 0*¥5d J•hnrton Ch•lr of Tru•t••• l 202Z

IIIDEPENDÉNT E¥AINER7 REPW TO TNE TRUSTE￿ OF PAf¢TNEAJ XftVICE I report to the ch•iity Ipu¢N un my •urniNtth of the fortt 3151 Moich 20Y2 Which ouion p•p7 10 15. As the ¢hanly tfUJtÈe¥ ol ihe Truo you •rn rnBP0mlb￿ fot lh• pt•pw•bDn ol lh• in Kcothnry byiih the pequitm¢nu vrth(horit￿Ad 20111"1￿ £t"l. for indepÈDdonl fmaminaiion. I rewn ID rt•P¢i ol my•A•min¥ion of ihTiuW'B Oul undei wction 145 of the1. In ￿rry1￿￿oUl èA•minaiiOfth I h￿• lulbow•d •ll ¢he op[4￿￿¥ rectiong givèn bythe Carily Commiuion under 6wion 1WSKbl of th• 2011 4t. I h•¥e compleied my examin¥iion. l ¢orbfitm th no m•thriyl m•tws hwe come w rny 4ttwitKNI if tanrttion Wilh the examinthion thai give meuu robel￿th• lrtany M￿e￿al eounsiw iecofdsyrfrn kept •• r8quiid ￿ i•¢i•Jn 1¥10f Ihfj *a" ot 2. Ihe3ffounts do not I￿rd wth iho%e rtcoi I have no concerns and hève come xrrrfs np ￿fvOr ni•tters in Con￿1￿ wilh the •yfflln•uon ¥vhich atterfion sh￿al￿ be dr•wn in Ihil rwrt in to ￿nAb￿ • proper under•Btv&ty of th• acewftts go be reached. Mr M Cronln MAAT FaE WC6 Bowhlli BoDkiwplD9 S•r¥lc•J 171 Nwwmifb Ao•d Ex•t•v EX4 1P0

PARTNERS IN SERVICE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31[ST] MARCH 2022

Unrestricted
Restricted
Funds
Funds
Note
£
£
INCOME AND ENDOWMENTS FROM:
Donations & Legacies
11
-
348,278
Investments
12
223
178
_
________
TOTAL
223
348,456
_
_

EXPENDITURE ON:
Charitable activities
13
-
369,006
_
_

TOTAL
-
369,006
_
_

NET GAINS (LOSSES) ON INVESTMENTS
9
941

_
_


NET MOVEMENT IN FUNDS
1,164
(20,550)
_
_


RECONCILIATION OF FUNDS:
_
_


TOTAL FUNDS BROUGHT FORWARD
15,452
293,393
_
_


TOTAL FUNDS CARRIED FORWARD
16,616
272,843
_
_

Total
Funds
Unrestricted
Restricted
2022
Funds
Funds
£
£
£
348,278
-
377,076
401
284
103
__
_
_

348,679
284
377,179
__
_
_

369,006
-
227,638
__
_
_

369,006
-
227,638
__
_
_

941
3,606
-
___
_
_

(19,386)
3,890
149,541
___
_
_

___
_
_

308,845
11,562
143,852
___
_
_

289,459
15,452
293,393
___
_
_
Total
Funds
2021
£
377,076
387
_
377,463
_

227,638
_
227,638
_

3,606
_
153,431
_

_
155,414
_

308,845
___

7

PAIITNÈHS IN SERVI¢E eLANCE SHEET AS AT315T MAACH 2fld A131 M•r¢h ZQZI FIXEDASSETr.. Inveotm•nts 15,705 14,761 O•bto Cwhh at bank end In hand 1761 9,370 281￿43 315,131 Cr8ditors'. Amounts falling duo ￿￿th1Th yqar I20￿0> 121,0501 NETalAAwfASSETS 2￿081 TOTALNET ASSETS ThEFUNDSOFniE Ixm.. 09tri¢tod Inth)mg Fundg Ufir8Stricted Fund$ 293.393 16A62 10.616 TOTAL CAHrrYFUP 308A45 Tho noteBon pag819-15fomi $n intsorJl partof th• kceoutrt5. Thgs8 8ccount$ ￿re approvèd by thg bo8rd oftrust$ on................ 8iundd on its bghalf by.. RovDavidJ¢thnsto thairofTru*t•os

PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS

YEAR TO 31[ST] MARCH 2022

1. ACCOUNTING POLICIES

a) Basis of Accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019) (effective 1st January 2019) and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The financial statements have also been prepared with the Charities Act 2011.

Partners in Service meets the definition of a public benefit entity under FRS 102.

b) Fixed Asset investments

Investments are included at current market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities. The Charity does not acquire put options, derivatives or other complex financial investments.

c) Debtors

The gift aid debtor is recognised and included as income when there is a valid declaration from the donor.

d) Cash at bank

Cash at bank includes short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

e) Creditors

Creditors are recognised when the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

f) Income

All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy.

Donations are recognised when received by or on behalf of the Charity. Gift aid tax refunds are recognised on a receivable basis. Gift aid receivable is included in income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

9

PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS

YEAR TO 31[ST] MARCH 2022

1. ACCOUNTING POLICIES (continued)

g) Expenditure

Expenditure is included on an accruals basis.

Charitable activities are costs incurred by the Charity in the delivery of its activities and services for its beneficiaries.

h) The Funds of the Charity

Funds held by the Charity are:

Unrestricted Funds

These are funds that are not subject to any restrictions regarding their use and are available for application within the charitable objects for the general purposes of the Charity.

Restricted Income Funds

These are funds which can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when the funds are raised for particular purposes.

i) Financial Instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

j) Going concern

The Trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern.

2. TANGIBLE FIXED ASSETS

Investments

IFSL CAF UK Equity Fund B Income
(Formerly called FP CAF UK Equity Fund B Income)

3.
DEBTORS
Accrued Income: Gift aid tax refunds
2022
£
15,705
_

15,705
_
2022
£
2,761


2,761
____
2021
£
14,764
__
14,764
_
2021
£
5,761

5,761
___

10

PARTNERS IN SERVICE

NOTES TO THE FINANCIAL STATEMENTS

YEAR TO 31[ST] MARCH 2022

4. CREDITORS: Amounts falling due within one year

Accruals
Other Creditors: Gifts committed but not yet paid
2022
£
550
20,000
_
_
20,550
______
2021
£
1,050
20,000
______
21,050
______

5. RESTRICTED FUNDS

Fund
Balances
B/Forward
£
DBI (General)
181,155
DBI (Social Projects)
184
DBI (New Centres Cap Exp)
16,258
DBI (Hindi Materials)
3,112
DBI (Staff Retreat)
421
DBI (Bhopal)
6,591
DBI (Chandauli)
18,005
DBI (Chandigarh)
2,414
DBI (Jaipur)
13,392
DBI (Lucknow)
-
DBI (Ranchi)
2,501
DBI (Raipur)
5,233
DBI (Pandemic Response)
44,127
DBI (Oxygen Concentrators)
-
_
TOTALS
293,393
_
Fund
Income
Expenditure
Balances
C/Forward
£
£
£
178,043
(111,473)
247,725
4,281
(4,390)
75
-
(16,258)
-
2,485
(3,362)
2,235
700
(911)
210
-
(6,591)
-
10,000
(18,005)
10,000
331
(2,620)
125
5,000
(13,392)
5,000
5,000
-
5,000
-
(2,501)
-
-
(5,233)
-
31,778
(75,905)
-
110,838
(108,365)
2,473
_
_
_
348,456
(369,006)
272,843
_
_
_

ANALYSIS OF FUNDS

Restricted
Unrestricted
Funds
Funds
£
£
Fixed Assets: Investments
-
15,705
Current Assets
293,393
911
Creditors: Due within one year
(20,550)
-
_
_
Net Assets
272,843
16,616
_
___
Total
Funds
£
15,705
294,304
(20,550)
_
289,459
___

11

PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS

YEAR TO 31[ST] MARCH 2022

5. RESTRICTED FUNDS (continued)

All the restricted funds are donated or raised from an appeal for Delhi Bible Institute (DBI). The individual restricted funds are either for a particular geographical area or a specific purpose.

5a. RESTRICTED FUNDS - Previous Year

Fund
Balances
B/Forward
£
DBI (General)
72,678
DBI (Social Projects)
3,400
DBI (New Centres Cap Exp)
16,251
DBI (Hindi Materials)
6,984
DBI (Staff Retreat)
3,777
DBI (Jaipur)
2,390
DBI (Ranchi)
2,500
DBI (Chandauli)
7,001
DBI (Chandigarh)
2,082
DBI (Bhopal)
6,588
DBI (Raipur)
20,201
DBI (Pandemic Response)
-
_
TOTALS
143,852

_
Fund
Income
Expenditure
Balances

C/Forward
£
£
£
198,088
(89,611)
181,155
4,522
(7,738)
184
7
-
16,258

4,325
(8,197)
3,112

841
(4,197)
421
11,002
-
13,392
1
-
2,501
11,004
-
18,005
332
-
2,414
3
-
6,591
3,752
(18,720)
5,233
143,302
(99,175)
44,127
_
_
_
377,179
(227,638)
293,393
_
_
_

ANALYSIS OF FUNDS

Restricted
Unrestricted
Funds
Funds
£
£
Fixed Assets: Investments
-
14,764
Current Assets
314,443
688
Creditors: Due within one year
(21,050)
-
_
_

Net Assets
293,393
15,452
_
_

Total
Funds
£
14,764
315,131
(21,050)
___
308,845
___

6. CHARITABLE GIVING

During the year, the Trust distributed gifts totalling £352,662 (2021 - £212,846) all to Delhi Bible Institute.

7. ADMIN COSTS: ADMINISTRATOR

The costs of an administrator for the Trust totalled £12,485 (2021 - £12,254). The administrator is provided by St Bartholomew PCC, Bath and payments are made direct to them.

8. ACCOUNTANCY/INDEPENDENT EXAMINATION

£863 was paid for the Charity’s independent examination in the year which included an element for preparation of the year’s accounts.

12

PARTNERS IN SERVICE

NOTES TO THE FINANCIAL STATEMENTS

YEAR TO 31[ST] MARCH 2022

9. NET GAINS (LOSSES) ON INVESTMENTS

Balance brought forward
Gain on revaluation of investments
_
Balance carried forward
2022
£
14,764
941
______
_
15,705
______
2021
£
11,158
3,606
______
14,764
______

10. TRUSTEE REMUNERATION AND EXPENSES/RELATED PARTY TRANSACTIONS

The Charity’s insurance includes trustee indemnity insurance.

No remuneration directly or indirectly out of the funds of the Trust was paid or is payable for the year to any Trustee or to any other person or persons known to be connected to any of the Trustees.

Trustee expenses paid for the year ended 31st March 2022 amounted to £61 for one trustee for travel expenses. There were no trustee expenses paid for the year ended 31st March 2021.

There were no related party transactions during the year.

13

PARTNERS IN SERVICE

NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31[ST] MARCH 2022

Total Total
Unrestricted Restricted Funds Unrestricted Restricted Funds
Note Funds Funds 2022 Funds Funds 2021
£ £ £ £ £ £
INCOME AND ENDOWMENTS FROM:
11. Donations & Legacies
Individual Gifts - 66,770 66,770 - 69,250 69,250
Church Gifts - 111,703 111,703 - 60,281 60,281
Grants from Trusts - 111,850 111,850 - 106,050 106,050
Other - 45,751 45,751 - 129,494 129,494
Gift Aid tax refunds - 12,204 12,204 - 12,001 12,001
__ __ __ __ __ __
- 348,278 348,278 - 377,076 377,076
__ __ __ __ __ __
12. Investments
Dividends – IFSL CAF UK Equity Fund B Income 213 - 213 284 - 284
(Formerly called FP CAF UK Equity Fund B Income)
Bank Interest 10 178 188 - 103 103
__ __ __ __ __ __
223 178 401 284 103 387
__ __ __ __ __ __
EXPENDITURE ON:
13. Charitable activities
Charitable Giving 6 - 352,662 352,662 - 212,846 212,846
Admin costs: Administrator 7 - 12,485 12,485 - 12,254 12,254
Admin costs: Office Equipment - 877 877 - 490 490
Admin costs: Print, Post & Stationery - 189 189 - 36 36
Admin costs: Website Development - 852 852 - 624 624
Admin costs: Bank charges - 456 456 - 412 412

14

PARTNERS IN SERVICE

NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31[ST] MARCH 2022

Total Total
Unrestricted Restricted Funds Unrestricted Restricted Funds
Note Funds Funds 2022 Funds Funds 2021
£ £ £ £ £ £
EXPENDITURE ON:
13. Charitable activities (continued)
Promotion expenses - 66 66 - - -
Governance costs: Insurance - 160 160 - 116 116
Governance costs: Trustee meeting costs - 161 161 - (390) (390)
Governance costs: Accty and Ind Examination 8 - 863 863 - 1,250 1,250
Sundry Expenses - 235 235 - - -
__ __ __ __ __ __
- 369,006 369,006 - 227,638 227,638
__ __ __ __ __ __

15