REGISTERED CHARITY NUMBER: 502427
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2025
for
The Rotary Club of Skipton Trust Fund
Mr R M Watson MA; FCA Manby Castle Embsay Skipton North Yorkshire BD23 6PH
The Rotary Club of Skipton Trust Fund
Contents of the Financial Statements for the Year Ended 30 June 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
The Rotary Club of Skipton Trust Fund
Report of the Trustees for the Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity are:
the provision of financial assistance to Rotary charity and other community causes. These recipients can be based locally, nationally or internationally.
the provision of financial assistance to other registered charities, institutions and societies. These recipients tend to be based locally.
the relief of financial hardship of individuals.
the provision of overseas travel grants to young people.
the provision of financial assistance to projects for the benefit of the local community.
Significant activities
During the year the charity has raised monies from donations,fund raising events,investment income and from the charity car park at Skipton Building Society's headquarters The monies raised have been used to support the charity's objectives.
Public benefit
The charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trust has received funding from individuals, fund raising events, organizations and investment income, enabling it to support a range of projects and causes. The Trust has been able to generate income from various fund raising activities and events including a choir event (£1667), a duck race (£1558), an ECO day (£1749), a race night (£1540), raffle proceeds (£1111) and a mulled wine stall on the Skipton Christmas Markets (£1186). Club members' donations and Meeting collections were other significant income sources (£2985). The Charity Car Park at Skipton Building Society's headquarters produced an income of £12876.There was also investment income from the Charishare investment of £1219. Total income was £ 28050 which was a £6890 reduction from the previous year , largely due to the cancellation of the dragon boat event.:
The total for donations made in the rotary year was £20725 a reduction of £3109 from the previous year. £13825 was donated to local charities, churches, schools, clubs and organizations, Donations of £6900 were made to national and international charities including Aquabox ,Mary's meals, School in a bag and Rotary International for the end polio campaign.. The expenditure on costs involved in fund raising activities amounted to £3437 including Christmas market expenses,concert expenses, prizes, refreshments and place bookings for RYLA (Rotary Youth Leadership Award) together with expenses incurred for youth events.
Fundraising activities
During the year the charity has raised monies from donations,fund raising events,investment income and from the charity car park at Skipton Building Society's headquarters
Page 1
The Rotary Club of Skipton Trust Fund
Report of the Trustees for the Year Ended 30 June 2025
FINANCIAL REVIEW
Financial position
During the year the charity has raised £20740 (2024 £30026) from activities to generate funds,, £6091 (2024 £3755) from donations and subscriptions (including gift aid) and £1219 (2024 £1159) from investment income. The cost of raising funds was £3437 ( 2024 £15849 ), donations made and grants paid amounted to £20725 (2024 £23834 ) and support costs were £102 (2024 £768 ).
A further £1000 ( 2024 £nil) was invested in M&G Investments Charifund and the increase in value of these funds over the year was £784 ( 2024 £1495)
Net income over expenditure amounted to £4570 (2024 net expenditure over income of £4016 )
Total reserves of the charity at the year end were £36107 (2024 £31537) . Free reserves amounted to £14003 (2024 £11217 ).
Reserves policy
It is the policy of the Charity to retain sufficient funds to meet future commitments. Project expenditure is only approved and grants paid when funds are in hand. If there are insufficient projects or grant applications, the surplus should be invested for future income generation and retained for future projects and grants.
Going concern
The trustees have considered the position regarding going concern and have looked at forecasts and are satisfied that, with the reserves maintained, the charity has adequate resources to continue to operate for the foreseeable future. The charity has sufficient liquid funds to meet its liabilities as they become due and expenditure will not be authorised unless sufficient funds are in place.For these reasons the trustees continue to adopt the going concern basis for preparing these financial statements.
FUTURE PLANS
The charity iintends to continue to provide grants subject to satisfactory application for funding and to continue to provide financial assistance to community and national/international causes within its charitable aims and objectives as explained above.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Rotary Club of Skipton is constituted as an unincorporated charity under a trust deed dated 15th March 1972 and is registered under charity number 502427 in England.
Recruitment and appointment of new trustees
Trustees are appointed from time to time by a meeting of the Rotary Club of Skipton and normally serve for a period of five years.In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity
Organisational structure
The trustees manage the affairs of the charity and make all decisions regarding strategic matters.
Induction and training of new trustees
New trustees are supplied with a copy of the constitution and the latest Trustees Annual Report and Accounts and information detailing their role as a trustee and their responsibilities.Training sessions will be given to new trustees to familiarize themselves with the charity and their obligations.
Related parties
The only related parties are the trustees none of whom are remunerated or receive any benefits in kind.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
502427
Page 2
The Rotary Club of Skipton Trust Fund
Report of the Trustees for the Year Ended 30 June 2025
Principal address
Johnsons Gate Farm Elslack Skipton North Yorkshire BD23 3AS
Trustees
S Donaghue (appointed 1.7.25) T Priestley (appointed 1.9.24) M Thornett (appointed 1.7.24) D Goldie (resigned 1.7.25) R Hazelhurst (resigned 1.9.24) D Bradbury (resigned 1.7.24) Mrs M Leeming I Smith (Chair)
Independent Examiner
Mr R M Watson MA; FCA Manby Castle Embsay Skipton North Yorkshire BD23 6PH
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 24 February 2026 and signed on its behalf by:
I Smith (Chair) - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Rotary Club of Skipton Trust Fund
Independent examiner's report to the trustees of The Rotary Club of Skipton Trust Fund
I report to the charity trustees on my examination of the accounts of The Rotary Club of Skipton Trust Fund (the Trust) for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 accounts to be reached.
R M Watson
Mr R M Watson MA; FCA Manby Castle Embsay Skipton North Yorkshire BD23 6PH
24 February 2026
Page 4
The Rotary Club of Skipton Trust Fund
Statement of Financial Activities
for the Year Ended 30 June 2025
| 30.6.25 | 30.6.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 6,091 | - | 6,091 | 3,755 |
| Other trading activities | 3 | 20,740 | - | 20,740 | 30,026 |
| Investment income | 4 | - | 1,219 | 1,219 | 1,159 |
| Total | 26,831 | 1,219 | 28,050 | 34,940 | |
| EXPENDITURE ON | |||||
| Raising funds | 5 | 3,437 | - | 3,437 | 15,849 |
| Charitable activities | 6 | ||||
| Expenditure on raising funds | 19,432 | 1,395 | 20,827 | 24,602 | |
| Total | 22,869 | 1,395 | 24,264 | 40,451 | |
| Net gains on investments | - | 784 | 784 | 1,495 | |
| NET INCOME/(EXPENDITURE) | 3,962 | 608 | 4,570 | (4,016) | |
| Transfers between funds | 13 | (176) | 176 | - | - |
| Net movement in funds | 3,786 | 784 | 4,570 | (4,016) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 7,903 | 23,634 | 31,537 | 35,553 | |
| TOTAL FUNDS CARRIED FORWARD | 11,689 | 24,418 | 36,107 | 31,537 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 5
The Rotary Club of Skipton Trust Fund
Balance Sheet
30 June 2025
| 30.6.25 | 30.6.24 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | £ | £ | £ | £ | |||
| FIXED ASSETS | |||||||
| Investments | 11 | - | 22,104 | 22,104 | 20,320 | ||
| CURRENT ASSETS | |||||||
| Cash at bank | 11,689 | 2,314 | 14,003 | 11,913 | |||
| CREDITORS | |||||||
| Amounts falling due within one year | 12 | - | - | - | (696) | ||
| NET CURRENT ASSETS | 11,689 | 2,314 | 14,003 | 11,217 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 11,689 | 24,418 | 36,107 | 31,537 | |||
| NET ASSETS | 11,689 | 24,418 | 36,107 | 31,537 | |||
| FUNDS | 13 | ||||||
| Unrestricted funds | 11,689 | 7,903 | |||||
| Restricted funds | 24,418 | 23,634 | |||||
| TOTAL FUNDS | 36,107 | 31,537 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2026 and were signed on its behalf by:
I Smith (Chair) - Trustee
The notes form part of these financial statements
Page 6
The Rotary Club of Skipton Trust Fund
Notes to the Financial Statements for the Year Ended 30 June 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure.
Going Concern
The trustees have considered the position regarding going concern and have looked at forecasts and are satisfied that, with the reserves maintained, the charity has adequate resources to continue to operate for the foreseeable future.
The charity has sufficient liquid funds to meet its liabilities as they become due and expenditure will not be authorised unless sufficient funds are in place.For these reasons the trustees continue to adopt the going concern basis for preparing these financial statements.
continued...
Page 7
The Rotary Club of Skipton Trust Fund
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| 2. | DONATIONS AND LEGACIES | |||
|---|---|---|---|---|
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Donations | 5,554 | 3,445 | ||
| Gift aid | 537 | 310 | ||
| 6,091 | 3,755 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Activities to generate funds | 20,740 | 30,026 | ||
| 4. | INVESTMENT INCOME | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Unit trusts | 1,219 | 1,159 | ||
| 5. | RAISING FUNDS | |||
| Raising donations and legacies | ||||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Cost of raising funds | 3,437 | 15,849 | ||
| 6. | CHARITABLE ACTIVITIES COSTS | |||
| Grant | ||||
| funding of | ||||
| activities | Support | |||
| (see note | costs (see | |||
| 7) | note 8) | Totals | ||
| £ | £ | £ | ||
| Expenditure on raising funds | 20,725 | 102 | 20,827 | |
| 7. | GRANTS PAYABLE | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Expenditure on raising funds | 20,725 | 23,834 |
continued...
Page 8
The Rotary Club of Skipton Trust Fund
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
8. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Expenditure on raising funds | 102 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,755 - Other trading activities 30,026 - Investment income - 1,159 Total 33,781 1,159 EXPENDITURE ON Raising funds 15,849 - Charitable activities Expenditure on raising funds 24,602 - Total 40,451 - Net gains on investments - 1,495 NET INCOME/(EXPENDITURE) (6,670) 2,654 RECONCILIATION OF FUNDS Total funds brought forward 14,573 20,980 TOTAL FUNDS CARRIED FORWARD 7,903 23,634 |
Total funds £ 3,755 30,026 1,159 |
|---|---|
| 34,940 | |
| 15,849 24,602 |
|
| 40,451 | |
| 1,495 | |
| (4,016) 35,553 |
|
| 31,537 |
continued...
Page 9
The Rotary Club of Skipton Trust Fund
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
11. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | ||||
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| £ | ||||
| MARKET VALUE | ||||
| At 1 July 2024 | 20,320 | |||
| Additions | 1,000 | |||
| Revaluations | 784 | |||
| At 30 June 2025 | 22,104 | |||
| NET BOOK VALUE | ||||
| At 30 June 2025 | 22,104 | |||
| At 30 June 2024 | 20,320 | |||
| There were no investment assets outside the UK. | ||||
| Cost or valuation at 30 June 2025 is represented by: | ||||
| Listed | ||||
| investments | ||||
| £ | ||||
| Valuation in 2024 | 20,320 | |||
| Valuation in 2025 | 784 | |||
| Cost | 1,000 | |||
| 22,104 | ||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Other creditors | - | 696 | ||
| MOVEMENT IN FUNDS | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.7.24 | in funds | funds | 30.6.25 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 7,903 | 3,962 | (176) | 11,689 |
| Restricted funds | ||||
| Green & Darwin | 23,634 | 608 | 176 | 24,418 |
| TOTAL FUNDS | 31,537 | 4,570 | - | 36,107 |
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
13. MOVEMENT IN FUNDS
continued...
Page 10
The Rotary Club of Skipton Trust Fund
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 26,831 | (22,869) | - | 3,962 |
| Restricted funds | ||||
| Green & Darwin | 1,219 | (1,395) | 784 | 608 |
| TOTAL FUNDS | 28,050 | (24,264) | 784 | 4,570 |
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.7.23 | in funds | 30.6.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 14,573 | (6,670) | 7,903 | |
| Restricted funds | ||||
| Green & Darwin | 20,980 | 2,654 | 23,634 | |
| TOTAL FUNDS | 35,553 | (4,016) | 31,537 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 33,781 | (40,451) | - | (6,670) |
| Restricted funds | ||||
| Green & Darwin | 1,159 | - | 1,495 | 2,654 |
| TOTAL FUNDS | 34,940 | (40,451) | 1,495 | (4,016) |
continued...
Page 11
The Rotary Club of Skipton Trust Fund
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.7.23 | in funds | funds | 30.6.25 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 14,573 | (2,708) | (176) | 11,689 |
| Restricted funds | ||||
| Green & Darwin | 20,980 | 3,262 | 176 | 24,418 |
| TOTAL FUNDS | 35,553 | 554 | - | 36,107 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 60,612 | (63,320) | - | (2,708) |
| Restricted funds | ||||
| Green & Darwin | 2,378 | (1,395) | 2,279 | 3,262 |
| TOTAL FUNDS | 62,990 | (64,715) | 2,279 | 554 |
There are two restricted funds.These are legacy funds in the form of shares gifted by Darwin and Green.Both restricted funds were set up over 30 years ago to encourage youthful activities and to provide grants to young people for overseas educational travel.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
Page 12
The Rotary Club of Skipton Trust Fund
Detailed Statement of Financial Activities for the Year Ended 30 June 2025
| 30.6.25 | 30.6.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 5,554 | 3,445 |
| Gift aid | 537 | 310 |
| 6,091 | 3,755 | |
| Other trading activities | ||
| Activities to generate funds | 20,740 | 30,026 |
| Investment income | ||
| Unit trusts | 1,219 | 1,159 |
| Total incoming resources | 28,050 | 34,940 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Cost of raising funds | 3,437 | 15,849 |
| Charitable activities | ||
| National charities & good causes | 6,900 | 6,940 |
| Local charities & good causes | 13,825 | 16,894 |
| 20,725 | 23,834 | |
| Support costs | ||
| Governance costs | ||
| Independent examination | 102 | 768 |
| Total resources expended | 24,264 | 40,451 |
| Net income/(expenditure) before gains and | ||
| losses | 3,786 | (5,511) |
| Gain on revaluation of f.a. | ||
| Realised gains/(losses) on fixed asset | ||
| investments | 784 | 1,495 |
| Net income/(expenditure) | 4,570 | (4,016) |
This page does not form part of the statutory financial statements
Page 13