2024-04-05-accounts

REPORT OFTHE TRUSTFZS AND UNAUD￿ IIINANCXAL 8TATEMEKfsYoR IEE YEAR ENDED S APRIL 2024 FOR Flitit & Thomp50 2 Mw3or Squa Solihuu B913PX

for tbe Yur ￿dea S Ap¥ll 2024 Pag Report of the Trpsttt4 lud¢ptndeMt Ex•mlneY'¥ Report SlAtm￿tOf FknMCS￿ ActlvAi BalAnu She¢t Nfjt¢¥ to ¢h¢ Statemtttts 7 ts 13 etslled StstemeTht olFtu*dAI Acllvltlel 14

XEPORT OF THE TRUSTZF for the Ye8r S Aprll 2024 The tru8tecs Prese￿ th¢tr Tqbort with thc fitJ8tseihl of thts cbaTIty for thts year etknltd 5 April 2024. Th# trustees have &dopt¢d tbo provisio￿ of Accounting RepoitiDg by Ch•rftics: Statemeat of Re￿￿)mended lJrnctic¢ 4￿licabl8 to cbarilie8 PTewiog their aceollnts in accordance vlith Ib6 Fina￿1￿ Rq)ortiDg StandaTd applicabl¢ ill the UK and Ropublic of tr¢latkl (FRS 102) (eifecdv¢ l Jamjary 20191 Objectlyes Aod Alw8 Th& Ch￿lty WA8 fornd in 1971 thc Mll of Hthry NBwDifin to bwld and D)an4e fo￿ honios in th¢ H3nd6ivozth dlstdct of Birmingham far eldrtly Te8AdeAts, Th¢ ljjerity ff¢008titut¢d on 6th April 1998 uniler . Schcm¢ of th¢ CoJDmis8ioncrs aod contoiDe8 to PTovldo housiti8 for Ihe elderly ADd ts) gaJeTAIty telleve povety by way of gran13, The ThIsteu e#8ure that the (Jwttyl assets ar¢ rnaiDtsird in SOL￿ ordsr. When tonsi￿laS tbe ￿arity,8 octlvlfiu tkn TnW &r¢ of th¢ Clerity Commi8Jion% gvldeline8 on public bcDefiL Charlt#ble The $I￿lfiC￿￿t athitiu for achieving the obJcztivGg are 88 detslled in the (knnts &ra rnede fDIIowiDg applk&tion8 Lud6 to tho Thutea8 6 limE5 per yc•x. The day to dAy DW￿g¢m¢ylt of thB bungalows is Luanagcd by BCLJP ref￿[1￿8 sigwfwollt cxpeDditure neede kn the fro8te¢ me¢tingB or if ur8aktvia th¢ NANCYAL RIV￿w Colug After makitsg appropriate oLqulrie4 th¢ hv¢ i rc410nobJc exp￿￿ll0n that the charity Iw odequate re40ur¢e8 to conlitiuts ID operadoJal ¢xistellce for the forese￿18 fUtll￿ For this reu04 they ¢￿tinUe to thpt the golng eon¢ern b&sig iii prepari118 tbs fllwcial sfatem¢nts. The cbarity guKrated a $urph￿ of £74,796 (2023 Deficit £80.462) in the fthBnots] y¢ar. Thi8 surplus wa8 duc to th¢ fjtrollg iryostmvnt perforn]w of quoted securitie8 ¢huin8 the year. At the year the cbarity h88 wjreslrtetrd reserye8 of £120.673 (2023 £120250) and PthdtswmGnt llmds of £I?83?SI P023 £1?08978) Th¢ ¢¥h at b9￿k bfilAuce ha8 decreased frora £27,147 to 06397. DurlnB theye4r the Cbexity m&d¢ grants to eleven Jtdividuats Mwlutititig to fA,640 (21Y23: £5.775). Prlnelpal rS1kn and ull¢erttstl The principal Ttsk ra￿d by the cbarity Is the potrtstial value of Inve8lmall8 dec￿￿1n9 attd ID58 of wnthlJulioLs nlnliutiOJK8 received from Tesidents. Rwrvts pouey Its the opyniou of the Tntste¢s tbe ￿alIty'S 48s¢ts avail•ble to fijlfil th¢ objects of tb¢ (￿￿lty. The 16vel of re8etves held 18 Sufficientto ¢nab]¢the ChaTity to op¢rnt¢ ati18 cvrre&t iev¢l the f0￿c¢￿bk fvfure. Unraslllc￿I fun& eomwi8e th¢ ¢cumul&ted sthplwe4 defi¢lts ¢)u g$ll¢r￿ futtd8. Thty Ore av4i]hble for U￿ 8t tbe dlsor¢tion of th¢ TnL8tr8 in fithheraDce of Ibe gaw8J elk8xitsblo objec4ives. In additiofy tb¢ TruGtr£s havo desiEnaled To cottdnoe to use a Stock broket otsy lov05tsll￿ts and ID oBr coatnThufiow from thc i￿V£shi￿tprOPtrty. Illvestment PoJYeYÉ nd Pollcy The ThYÉEee4 havG discrctioll ov¢r the inve8lrn￿t power of the Ilmds. Thc iuve8toJ¢￿ long.tem &4sets, th PWPQ58 of whitth is to g¢nettte inLX)me aTuI wital grnwth t1￿ will Tr81 to finanL¥ the fimd8'

EPORT OF THE TRUStEES r the Yur 5 Aprtl 2024 STRUCTURE, GOVERNANCE AND MANAGEMKNT Goveruiug docum¢nt Thc cbarity 18 controlled by its goveTDiDg doGuW & Ch¥ity ConKnl88iODCTh Sc&ry dated 6 Aprll 1998 Ori•thAtlonal Str￿¢￿Te and dedthD m•klb£ The Board of ThIFteH tbe ultlD)xte control ill th6porty offr ¢hKity. SeleelloL nd App•iTrtm¢ttt ofTrNt•e8 Tbe sale¢tion and 8ppokntment of n¢w TTr￿e4 18 detarrnined by the B0￿d of Tn￿(¢￿ iti offiL% at tbat t1￿. This pollcy 18 ba8ed on a compkmentary aga prnffl4 ¢xperiene£ in mana8tDg clwitiey and tho to pmvide plamentsry 8kiUs to the othu Trustsu. Poll¢les adopted for the tndntllon alld trxlnlng of trnllo N¢wty Appoithl Thwtee4 arB pmided with R thorough thtrodu¢tlon vio th¥ awzity CommiBri47n Guidan￿ Tbe FAseotial to the workill88 of the ¢htirity Ind •rewided with all iLfonnatiou wbi¢h will ￿￿ble the to properly thlfil thosr Tol¢ J• TnLqtces, Declslon mklttg Th¢ tW8ttss are itivolved kn the d¢eisiots making of the chthty baV¢ the to use the tharityi fojlowi,. I. The tyUSle¢s bave uDre8tr1cte41 a¢¢&u th the prnthieed by tho CI￿Lty,8 as8ets e4¢h year {inGluditi8 sutph8 Incomc brought foTwatd from e￿ller years) in w fAr ￿ it 18 uwl for the clhATltttbk p￿ry￿ s¢t dowTh In the Charjty CollThiBsionu8 Schcme dated 6 April 1998 2. If the tTU8tee8 wiBk to gaio acc￿ to any petl of the undaylllg 0ndow￿l fimd. lkny miwt apply to tho c￿￿]ty CDmmi85ion¢rs for penbl¥ionbut are dlovM4 to vory the itivestmN)t8 8$ th¢y s¢¢ fiL k¢gl¥tered Ch•rlty numbtr 501507 Prlw Addr clo Tyndallwood8 Sollcito 29 Woodboume Road Ed£b￿￿tt BIRMINGHAM B17 8BY Trulteei Mr8 J Dyke Ms D Gaulon Ms S Thomas (Restgtied 14 Jpoe 2023) Ms Y Mes8am Mts mB8ker(Re8￿1ed 17aApdl 2024) Mts R Fox FtP Clemenl (Appointed 18 Octobts2023) ge2

THE NEWMAN TRUST HOMFS REPORT OF THE TRUSTEES lor theyur Bl￿ed 5 Aprll 2D24 Illdependent Eumlner Peter Gcorgiades BA FCA Fliot & Thompson 2 hfAllL)r Swe Solihull B913PX Appmved by order of th6boBrd of i)n 25thNovembez 202A and onits behalf bT. Page 3

d¢pendcDt examthu'• r¥ort to the trustees of The Newmax Trtyst Ho]D I report to the Gbwlty troststB on DIY cxstnittation pf the of The Newmart (ths TJwt) for the year 5 Aprll %)24. Re8pon8lbllttles ¥Dd bth of Teport As the thrty tnts of the Trnst you are respO￿￿k for the prwation of the acwunts in acwdBDce with tbe re4uircll￿ of cknIti￿ Act 2011 Cth¢ •￿tI. I report in Tespect ofmy exami￿oll of the Th￿￿$ aceouDts ¢arricd out Section 145 of the Act alld ID c4llyin8 outrrty ¢xamiDation IhAVC followed all 8ppJi¢8ble Directio￿ given by Ihe (Jwity Commkuioll Section 145(5)(b) ottheAd. Independent oxmiDtr'i •t•ttmettt T havv CA)mpl¢ted my ￿lM)DatiOn. I confirnj that no Jnthrhl th4tttt¥ hAve cou lo &lteutii)rJ in connectlon with th6 8ivitig me Call￿ to bolleve tbat ID ODY mate¥l&l resp¢ct •ttoiwtin8Tecorth w￿¢ not kept in re4poct of tha TtU8t a8 rcquired by Se110￿ I30 of thc Ac(. or the llc4ounlB do Dot i¢cord with th08c rttord4 OT the accounts do Dot comply Trith the applicablt coJ• Ihe fozm 8nd ¢onltt of accounts let out in the Cbatiti¢B (Acoiunts thd R4h)rts) R¢BU1￿10￿6 2008 th&n any requir￿t that th¢ oc¢ounts give A true fair vicw whioh is anmtter con8idered ts p&rtof •n ind¢pe4￿CAl ¢xamAthory. bo drawn in this report In ordff to cnabla &PToper w&¢knt￿￿IIn8 of tho a¢coyuts to beteJch¢ AFa4 Fjint & Thornpson 2 MJllor Squora Solihull B913PX D￿. 25th November2024 Pbge 4

ror theyev P￿dea SApra 2024 2023 Totsl Notr4 INCOME AP4D ENDOWMENfs FROM Contributions from resid¢nts 23,804 246 Tot*1 54 54 Support costs 31622 31622 20.654 cbrtigble acdvld 21,482 8,694 30.176 27,621 TotAI 8 694 ￿798 Net Eas￿(lOsI￿} on investments 81 83 Q67 ￿￿97) Nrr TNCOMEI(RXPEPIDrnTAX) 423 moverneDt]n ftrndl 423 74,373 74.796 (80,462) RECONCILIATION OF FUNDS Total fund8 brought fonv 120250 1,308978 1,429328 IA09.690 83 Page 5

NEwh￿AN TRUSTHOMES 5 Aprll 1014 2024 Tolal 2023 Totsl Notes FIXED ASSETS Tangibltt xsscts tnvcstm¢nts 400,or 400,000 400,000 98 1065 867 ￿782 81516 lJ83251 1.465.867 1,381782 CUBMENT ASSETS Dgbtors Cath atb8nk 20,075 20.075 26,937 46?72 46JT2 54,084 cRED￿oRs AmourLts f4llin8 due witbiu OD¢ year (8,215) (8215) <7,638) 38 157 ￿446 LL4BILITIES 120,f13 1383JS1 1,504.024 I,429228 NKT ASSETS UTrreBtrl¢t¢d ruth: DesLgDated. Extraordinary Rcpit Fund D￿,gnatad- Cyclical MaintenaDCC Fund 89.703 12.535 91,780 J2,035 120 120 673 ￿50 Endowmeotfull& 1308 978 04 024 1429 228 The finallciBI 8tstvments p￿rts Approved by theBo8rd ef Truthi and aUth￿ie¢d for iw oh 25th November 2024 and wete siglled on Its bchalf by.. Pag¢ 6

NEWMAN TRUST HOMF for th¢ YtsrF•ded 5 Aprll 2024 CCOUNITNG POLICLFS Bth of pr£P￿Illg tbe IIna]￿￿1 stAt¢]DtAts The fjnanclal statemellts of the ctharity. wbk¢h 18 a public b¢n8frt clltity FRS 101 hav¢ be8n PTwrcd i accordance wkb tbe Chwitids SORP (TRS 102) 'AecoTmtiDg alld Reporttng by a￿ltieS.. Statement of Rtcommrnd￿ Prath1￿ applicable to ¢h8ritieG ptepatiDg their ￿COunts In n¢coTdqbce with the FinsTKiBI Reportitig StADdftTd appli¢thk in th¢ UK and RrpDbliG of IreJAtsd (FRS 102) {effeclive l Janu8ry 2019),. FJnKllcial RcpDrtmg StADdArd 102 Tr Financi￿ Reporiiug Standard Bppiicablc ill Ib¢ UK ADd Republic of Ireltsod, alld th¢ Ch￿111¢9 Act 2011. The fllb8nctal 8tfttea)ients b4vo be￿ prEpared the bistorical cogt CODv¢nllo￿ wit& the exc¢plion of invtslrnents which iDcluded gt mthet vAIue, as modif￿1 by the TevaluAtion of eeztaltt usots. Sn iddxtsts￿ th¢ inv¢str(uit prowtics arc ]￿Id vttdef the valu&tion nwd¢J. with the lastvaluatioo in November 2020. Th6 charity consiitsjtsa a pubjic brn8frt entity as &fmrA by FR3 101 The cbarty li xegaTded as a 8tllall entity baB therefore tak¢n all necowry exemptic￿5 avaiiablennd¢rFRS 101 The Trnste48 ¢OD8ldcr that therE are no DMtcri￿ unetstaIDtI￿ about the ¢h8tityB abllity to ¢oodnu¢ as a golDg ecthcern a8 they ¢on6ideJ thal there are sufftieDt CA&h Te4¢rv¢s kn Jlleettbe ckntityB Iilbilities ￿ tb¢y fall du In¢ome Clwltmblt ¥dvld from the t)￿pIC￿ of the ahthou6os 18 iDchded in theperfod Ibè coDttlbntion8 fall dj Inwertwnt Income ltsve4ttuont in¢omo ig aocount¢d for intheperi¢MI kn which tho Charity 18 MtitleAI to rKeipL Interest reethble Intsrest ts &c¢oullt￿ for wbea Te¢dved by th¢ ChATity. Resourc￿ ¢A￿deAl are inchded In tho Stotsment of FiDaDGioI Acfivitits on AQ acauab b4si4 inolusive of gtty VAT. CertAin ¢xpendkn 15 di￿tlY Attrlbutabke to spedfia athhies bAs been included in tbosc Cost ¢qtsgoTiex. Support co$18 con)PTi8e ¢08ts IDvolved in the c(wo 4cthiity ofiunlling ()Rts 8nd of th¢ a]msboDSC8. T4llglbk llxed usets ludividu81 f￿1 agsets s￿ ¢apitslL￿ stei¢orvaluation itireqJ¢4t of O)Datcd 886¢ts. maintained in good rep8ir th& Trugfr¢8 gr¢ of thg opiDi(m that their maTket vallle IB iti cxi%&8 of eOBt thrf¢forc depreciating the a¥8¢ts would not provide & kn aod fair vlew of tknit net book vth& The Trustees feel that th¢ ei)st of # foTmal market vahmtion 71 curr¢Dtly in ¥x¢as 0£ Ihe beaefts to th¢ Cbarity at thk tiro The propety wfys laot vthed th Nove4nbet 2020 by ￿ itidePe￿￿ third paty to have a mayket yah￿ of £40O.000. Tax4tloM The ch￿lty 18 ￿emPt from tsx on its c]wi￿ adivitic& Fttnd a¢¢DurÈdng Geller￿ fujds GcnvrAI fimds are )mrestri¢ted ftmdl whictrA Availabk for use at tlle disLYetion of the T￿￿te¢S ill fUrd￿l￿ ofthe gcncxal obie¢tiY¢8 of th¢ th8rity aDd whic& have not been dwated for Oth￿p￿￿. eoDUtwe&..

for the Year EDd¢d 5 Aprll ID14 AccoiINriNC POLICIFS. eonthiued Deslgn4t¢d De$1bThat￿ fjJJds comprisc wTh%triCt￿ thAt have been aside by the TTUSteeA for partlcular PTXPOW. Dcsigtiatcd Funds can k used in accorda￿ withthe obiexts of th6 Ctr4rity. Det#i18 of the natu￿ ￿ putposo of each fund IB set out inNots 9 trj the fmBnclal Statements. Permnebt Kjkdowmemt Fundi EDdowment fonds compri8e prop¢rty ADd all ityve8trneats held Itss and earlier yurll surybluF IDcom¢ a]2¢r tJ8nsferi ts tbe d￿m￿nated funds. ThE cvsts of Ihe illVeBtment Djarjager and any v&luatlon co8ts aru ltscluded within the eadowment fill￿, The c]wity dots oot1m￿d llnyupe￿k enth)wment futtth. Inve¥tm4Jrts IDve$ttnents a¥E included Jt closin8 mid4n8thet vthe at the balanc¢ sheet dai& Any [￿l￿t4 or u[￿¢all8¢d 8AIJs Dr10sBeB QD itiVaStm¢nts Ire re￿RnI%&4 in the StatrAllcDtof FM4￿11] A¢tlviti¢B. 2024 2023 Inve8anent income. FrAed tnrest s￿allities Jnvestm¢nt tnwme. 3,488 2,483 Th¢re were no trugtee* r¢)DwYnlion or other br4rf1ts for the year ¢nde415 April 2024 nor for tho year 5 Apxii 2(Q3. Trwtee4' t￿¢￿e8 There w￿e no tDJitetg expensej patsl fot Ilkeyegr endcd S April 2024 nox for Iknywetsd￿ S W 2023, Tot41 JNCOMK AThD KNDOWMENfs FROM DtTibutioJs ftQDI Tr8i(knts 22.246 21246 Suppoit costs 20,654 20,654 CharltAble 2Ctfv1&5 Adrointstrativc aDd man4emeDteQ8ts 18,780 8.841 27.621 Total 39.434 8,841 48275 P4e8

loy Ihe Ye8r F￿deAl S ApTll 2024 Unrestrkted P￿dOwn￿t Total klJDds Nct OD iThv¢etmc 9.976 (90.438) (80.462) RECONCXLL4TION OF FWNDS Total fund8 brought forward 110274 1,399,416 1.509,690 120 2SD ￿78 1429 228 TANGIBLE FIXED ASSKTS Freehold At 6 April 2023 and 5 April 2024 NET BOOK VALUE At 5 April 2(ll4 At S April 2Q3 The prop¢rfi¢g were reva￿ed by Ind4)UEdeDt 6ufv4wr Cottone CbaTtc¥¢d in NOY￿bar 2020 at fAOO.000. Jnve8tmtst portfojlo At 6 Aprll 2023 Addltjolli DlsposAIs Rmbjatio 982.782 140,680 (119,665) At 5 Awil 2024 1065 867 ET BOOKVAL17K At 5 Aptil 2024 1065 867 At 5 April 2023 961785 Th8 inve8tmentportfoHo contiinB a mixbtte of IlstrAIJKequilie4 gove[Dme￿ ￿lts fixed r4t¢ ge￿nties. Galns 4)f £20,997 ou disposal of &8sets wer¢I¢¢ooDi8ed io the Slat¢mcDt of Finaoclal Actsvitiel fot the y¢w. Page 9 conlinurd..

THKNKWMANTRUSTHOh￿S for the Year Elldtd S Apr412024 Coil oTvalu3*ion It 5 Apnl 2024 is rcwment￿by. poJrfoliD Valuatioa ltt 2024 62.070 1003 797 1065 867 DEBTORSI AMoifNI3 FALLING DUE wfTIUN ONE YEAR 2024 2023 Othey debtOT8 I7.907 25.237 CREDrfoRS: AMoifKIs FALLING DUE wrrHIN ONE YFAR 2023 Othcr Gredito Nct At 6.423 5.4. Unrutrjthd Gèner#1 ew Desig￿ted. Extr￿rdiDary Repir Ilund D¢SI￿ted- Cyo]i¢g] Mainten8tsLX Fund 91.780 12,035 {107T) s(￿) 89.703 11535 0.250 423 120,673 Endowment fun 1.308,Y18 74,373 lJ83J51 TOTAL FI]ND8 Pag¢10 contiThicd..

tor thè Year Endtd 5 Aprll 2024 losxs Ullrestrltt￿ fnd8 G¢n¢ro1 fund $4,$27 (54,104) 423 KDdowment (8.694) 83,067 74.343 TOTAL IWND8 798 lJnYè8trletad Ullte5t(ict¢d fund8 include Cou1n￿utioll& from ruident4 investsncnt incthne 08 Inctsme 8Dd eXpe￿dI￿re in relatiots to tho thity. All e0818 ar¢ inthded that m¢¢t the aims and obJ￿tiveS ￿ iu¢luded iti thc goV￿ning d0cw￿t to IncIude costs for tiUiDt8lning the Properties. iacluding TepoiTg as well as all c08ts of adminityatioD De8lgnat¢d CydI￿1 Malntem4n¢e Costs of £tiil (2023 . £6IXI) in relltion to cycli￿] m•Intong￿e w4Jrks w¢r¢ inallrtij and expend￿1 dllTlng the cumt year. An anau81 transfer lo thi8 fjjnd of £2,OIxi {2023 . £2,0￿) wls rec¢ive41 and the Thuteu de￿ned this to r¢maio a 8Uit&ble amowit in tbe current year. Y)ulEB%ted Extr•oYdlnary RepAlr$ Th¢r¢ h&ve been no withdrawals dwitig the ¢uueotOTpfevi0118 year. EmdoiTheDt fund8 Bndowm¢nt fiinds ¢ompri8¢ the altDshougc8 and historical investr￿. Realiwl and tiDrea]i￿ gal￿ and loueB Are inthded within the The costs of the Itiv¢stm¢￿I maDAger indudcd within th¢ endowm¢nt thnds. CompArllvu f•r movement Jtt tlm Net moveme At 5.4.23 Al 6.4.22 UDrt8tri¢ted fun Genaral fiEnd D¢si8naled. BxlrxtirdiDary Repati14u De8t8DAttd. Cyclic41 M8intemAJceFw 90,704 4.S35 1.076 7500 91.780 12.035 110274 9.976 120350 dovmient 1399,416 (90.438) I JO&978 TOTALFUNDS 1509 690 Pagell eontillaed...

NOTES TO THE FINANCIAL STATEMEtIlB- ¢onlinutd for the Year Ended 5 AprQ 2014 MOVEMENT ]N Ft7NDS- ￿0th)ned CoDipartiVo nct moveaxntirts ful￿. indudcd in thc above are as follows: Gain8 and Moyenxnt losses ID funds Ullmtrkted lkndl 40JiO 7JOO (39,434) tksignated- Extrx)rdinary Repair Fund rksigDated- Cyclicol Mqint¢oance Fynd 1.076 7,500 49.410 EndoJTmept ftsNdA Perm￿ent Fad0vrn￿t 139,434) 9,976 {&841> (81,597) (9Q438) TOTALFUKDS 48 75 ytAr 12 n)ontb8 lldprior year 12 monikn combin¢d pwitiorA is M follows: Net At6.422 5.424 Unreitrl¢t¢411kn1 (leneral fvnd De818ll&ted. Extraorditiw Repatrllmd Desi8llOted. Cyclical Maintenance Futsd 90.704 4535 (I,CN)I) 8,OCrf) 89.703 12,535 110274 10.399 Endowmellt P¢tmaDent Bndowment 120,673 l J99,416 (16.065) lJ83J51 TOTAL FUNDS I509 690 ￿) ￿04 024 A yw12 aud year 12 month# WDbiDed net moven)enl kn funds. Included iti th¢ abov¢ ar¢ a8 follows: YDcomiDg Xe8OUtru and Movett)6ttt 1058es UnTestrle*ed fuDd• General fiuml 95.S37 (96,538) (1,001) 106.937 (96.538) Endowment funds l OJ99 {17535) 1,470 (16.065) TOTALFtiNDS 106 937 {114 073 Pw12 coniinu¢d...

for the Y￿r F￿ded 5 Apjil 21ll4 io. Th¢T¢ wen no ttlfiltd paty tr4]JBartioD8 fwthey¢8r ettded 5 Aprll 20U norfor thcyear cnd¢d 5 Apnl 2023, Paga 13

for the YtAr Ettdtd S April 21DA ConlrlbutloD8 from resldents HB Rc¢¢ipts 23.804 22246 IDveJtment Ihcome 3.488 27 2.483 Tot￿ Ill￿￿1￿g Te8our¢ 54A27 49,410 EXPEYDITURE Suppor¢ ￿$ts 1,628 472 2,876 21,776 930 7,313 1,700 471 3,850 1,145 5,775 400 Water T&t&8 Ligbt aDd helt Genernl Eepairi and hutin8 Cle8tiiDg aDd pest ¢ontrol fjrauts paid Chri8ts8 gits lo rc4idcuts 300 31622 20,654 Charltgbk A¢dvltits 11251 4,667 8.694 9264 3,922 8,841 Brokus Manwent fee (chwged to ¢ndovnnent fund) Total r¢80urcu expeadBd Net (expendltllre)Aneome btftsre And ss¢s (8271) 1,135 Unrealtsed net £a5w and lowl on IDvestments UnrcalisedJLrt ga*￿<1088¢8) on fixed 088CtiAve8tm¢ Net knc9uA￿(expendltt￿t) 80 462) This page doe3 not fonnport of th¢sta¢iitory fitiancial sl&teJneuts Pag¢ 14