REGISTERED COMPANY NUMBER: 2224016 (England and Wales)
REGISTERED CHARITY NUMBER: 900107
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Stroud Valle
sPro
ect Limited
millhall consultants Itd
Carlson Suite
Vantage Point Business Villag8
Mitcheldean
Gloucestershire
GL17 ODD

Stroud Valle
sPro
ect Limited
Contents of the Financial Statements
for the Year Ended 31 March 2025
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10 to 15
Detsiled Statement of Financial Activities
16 to 17

Stroud Valle
sPro
ect Limited
Re
ort of the Trustees
for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with Ihe financial statements of the charity for the year ended 31 March 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 company is established for the public benefit for the following purposes in the area Gomprising local
government of Stroud, Gloucestershire, and when appropriate the county of Gloucestershire..
To educate Ihe public in the natural history. history. geography, industrial archaeology and architecture of the
Stroud District.
To secure the protection, preservation, development and improvement of the natural and built environment of
the Stroud District, in line with the principles of sustainable development.
To provide facilities for recreation with the object of improving conditions for those living, working or visiting to
the Stroud District, in line with Ihe principles of sustainable development.
Originally founded in 1988 to protect the industrial and natural heritage of Stroud and its five valleys, Slroud
Valleys Project (SVP) has established a reputation for proadive and constructive work with local community
groups and volunteers= helping, inspiring and training them lo discover and nurture Ihe wildlrfe and green spaces
on their doorsteps. SVP opens up opportunities for a much wider group of people to become involved in
environmental improvement. reaching out to young and old. as well as to people who may have been cut off from
Such activities by disadvantsge or disability-
During the 2024-25 year, our key projects have been:
Building Sensory Gardens with Local Communities.. National Lottery Reaching Communities fund is supporting a
two year extension of the project.,
- Garden Guardians.. two year project funded by The National Lottery Heritage Fund:
- Wildshed= funded by Gloucestershire County Council's Thriving Communities Fund..
Carers in Nature: funded through the NHS and Gloucestershire County Council.,
Wildworl( volunteer group.. supported by the Police and Crime Commissioner for Gloucestershire-
Creative Shed: funded by various small donations, and reinvesting income from sales of the group's products:
Employment and Skills Hub Outreach Project: funded by Gloucestershire County Council through the UK
Shared Prosperity Fund;
Cotswold Canals Conneded= funded through Stroud District Council and The National Lottery Heritsge
Fund.,
Tree planting: various funders, including the Local Authority Tree Fund supported our ￿COrd breaking
programme of tree planting for the year.
Public benefit
Our vision is to support people and nature to thrive together, and our objectives are to:
Ensure our charity has a sound and 5U5tainable business model-,
Identify environmental projects throughout Gloucestershire in which we can work with local people to make
better, healthi8r places in which to live, now and in the future.,
Promote inclusivity by working with a wide range of people from all sectors of the community.
Develop sustainable long-term parinerships local councils and other organisations to help us deliver a
range of projects which meet our aims.
Help, inspire and train individual people, communities and organisations to discover. understand and nurture the
natural environment.,
Provide lifelong learning opportunities that support people to develop skills and knowledge.
Page 1

Stroud Valle
s Pro'ect Limited
Re
ort of the Trustees
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Additionally we have continued to work in partnership with several parish councils: with Cam Parish Council at
Rackleaze Wetlands, with Cainscross Parish Council at Queen Elizabeth11 Playing Fields, with Kingswood Parish
Council for the newi ponds within the parish and with Berkeley Town Council at Sarah's Field and Canon Park.
We have also continued lo work in the Walled Garden at Prinknash Abbey, as well as on our own sites at Arundel
Mill Pond and Frome banks.
All our projects are designed to encourage community involvement and all have significant volunteer inpul. The
contribution by volunteers working on projects and in the office is often recognised by funders as match-funding.
thereby giving it a quantifiable economic value. For this year. this is estimated to be in the region of £193.534 for
the year, of which £5,075 relates to trustee contribution (based on values of £350 per day for professional
contributions. £150 for skilled contributions and £80.50 for unskilled).
The trustees have reflected on the public benefit of Ihe charity, and on the guidance provided by the Charity
Commission for England and Wales and believe the activities during the financial year have furthered thé charity's
purpose for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitsble activities
During the year, all specific targets and requirements set by major funders have been met enabling us to claim
full funding on all projects. Regular monitoring and progress reports have been delivered as required.
The Garden Guardians project enabled us to fvrther strengthen our public events programme which has raised
our public profile.
In both key areas of work - grant-funded projects and work with local govemment and private organisations
we
offer opportunities for volunteers to learn new skills and get involved with practical work at local sites. Two clear
areas of public benefit are in evidence in both areas of work: staff and volunteers achieve visible and sustainable
improvements to biodiversity-rich and amenity greenspaces.. and volunteers themselves have benefited from
learning new skills, improved health and increased sense of wellbeing through undertaking meaningful work in
their local community.
Looking ahead, SVP is starting lo assess the potential impact of devolution and reform to local government
structure and what this could mean for the current Stroud district.
The ¢harity'5 subsidiary. SVP eco shop continues to pay a significant rent and management fee to SVP.
FINANCIAL REVIEW
Financial position
As at 31 March 2025 the charity holds Unrestricted Funds of £141,619 (2024: £111,494). During this year, th8
Charity has made significant investment at its own Frome Banks which has had an impact on reserves.
amount of funding for projects for the 2025126 year has been secured and fvndraising for both new and existing
projects continues to support our position.
Page 2

Stroud Valle
s Pro'ect Limited
Re
ort of the Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is established under a Memorandum of Association which established the objects and powers of
the charitable company and is govemed under its Articles of Association. The charity is a company limited by
guarantee. having no share capital.
The charity is govemed by a Board of Trustees who are directors of the charitable company. With the 8xception
of the Stroud District Council representative, all trustees are COvOPted. Trustees are appointed for a term of
years, after which they retire, bul may be re*lected. New trustees are recNited as and when required on the
basis of their skills and experience in relation lo Ihe needs of the charity. The Articles of Association provide for a
minimum of four and a maximum of 25 directors. Board members. skills include environmental consultancy,
ecology, Gommunity engagement, local government, architecture and building conservation, management (of
both people and projects). the law. public relalions, and communications.
The trustee induction programme includes an initial meeting with the Chair and the Chief Executive, who provide
them with infomiation about the charivs history and current activities, as well as supporting documenlation
including a copy of the Memorandum and Articles of Association, minutes from recent meetings, and the previous
yearfs accounts and trustees. annual report. The charity supports ongoing training for trustees as required.
Day-to-day decision making is delegated to the Chief Executive, Clare Mahdiyone, while trustees are responsible
for strategic and significant financial decisions.
The trustees assess business and financial risk lo which the charity is exposed, establishing systems and
procedures to ensure thal major risks are recorded on a risk register, assessed. managed and minirnised.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
2224016 (England and Wales)
Reglstered Charlty number
900107
Registered offlce
8 Threadneedle Street
Stroud
Gloucestershire
GL5 1AF
Trustees
S L Arundel Retired
Prof H J M Barton Author
G L Beckerleg Architect
M A Brown Counsellor
M Graham Ecologist
Ms S C Parkes Public Relations
Ms S M Ratcliffe Patent Attomey
P G SeGcombe Environmental Consultant
Company Secretary
Ms D Coleman
Page 3

Stroud Valle
Pro'ect Limited
ort of the Trustees
for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Ben Hall FCA
millhall consultants Itd
Carlson Suite
Vantage Point Business Village
Mitcheldean
Gloucestershire
GL17 ODD
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Stroud Valleys Project Limited for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial statements in accordance wilh applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of Ihe incoming resources and application of
reSoUr￿s, including Ihe income and expenditure, of the charilable company for that period. In preparing Ihose
financial statements. the trustees are required to
select suitable accounting policies and then apply them consistently-,
observe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and prudent-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company 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 charitable company and to enable them to ensure that the financial
statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the
haritable company and hence for taking reasonable sleps for the prevention and detection of fraud and other
irregu5arities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included
on the charitsble company's website.
Approved by order of the board of trustees on 10 September 2025 and signed on its behalf by..
Ms S C Parkes - TTUStee
Page 4

Inde
endent Examinerfs Re
ort to the Trustees of
troud Valle
sPro
ect Limited
Independent examlner's report to the trustees of Stroud Valleys Projecl Limited {Yhe Company.)
report to the charity trustees on rny examination of the accounts of the Company for the year ended
31 March 2025.
Responsibilities and basis of report
As the charivs trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of Ihe Companies Act 2006
{'the 2006 Act.).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of tha
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under Seclion 145(5} Ib) of the 2011
Act.
Independent examinerfs statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can
confirm that l am qualified to undertake the examinalion because l am a member of the Institute of Chartered
Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm Ihat no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act.
or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requiremenls of Section 396 of Ihe 2006 Act 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- or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities (applicable to charities preparing Iheir
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)).
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.
Page 5

Inde
endent Examinetrs Re
ort to the Trustees of
troud Valle
sPr
ct Limited
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with the regulations
made under Section 154 of the Charities Act 2011. My work has been undertaken so that I might stale to the
companls trustees those matters l am required to state to them in an independent examiner's report and for no
other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other
than the charitable company and the charitable company's trustees, as a body, for my work, for this report, or for
the opinions I have formed.
Be
all FCA
I millhall consultanls Itd
Carlson Suite
Vantage Point Business Village
Mitcheldean
GIou￿stershlr6
GL17 ODD
10 September 2025
Page 6

Stroud Valle
s Pro'ect Limited
Statement of Financial Activities
for the Year Ended 31 March 2025
2025
Total
funds
2024
Total
funds
Unrestricted Restricted
funds
fund
Notes
INCOMEAND ENDOWMENTS FROM
Donations and legacies
59,763
12,640
72,403
83,480
Charitable activities
Charitable Activites
60,834
204,075
264.909
203,769
Investment income
Other income
416
21,961
416
21,961
295
20,492
Total
142,974
216,715
359,689
308,036
EXPENDITURE ON
Raising funds
3,701
2,493
6,194
27,803
Charltable actlvllles
Charitable Activities
162,773
160,597
323,370
254,010
Total
166,474
163,090
329,564
281,813
NET INCOMEI{EXPENDITURE)
Transfers between funds
(23.500)
53,625
53,625
(53.625)
30,125
26,223
10
Net movement in funds
30,125
30,125
26,223
RECONCILIATION OF FUNDS
Total funds brought forward
111,494
111,494
85.271
TOTAL FUNDS CARRIED FORWARD
141.619
141,619
111,494
The notes form part of these financial statements
Page 7

Stroud Valle
Pro'ect Limited
Balance Sheet
31 March 2025
2025
Total
funds
2024
Total
funds
Unrestricted Restricted
funds
fund
Notes
FIXED ASSETS
Tangible assets
70,959
70,959
3,298
CURRENT ASSETS
Debtors
Investments
Cash at bank
45,856
50
118,277
45,856
50
118,277
64.228
128.501
164,183
164,183
192,729
CREDITORS
Amounts falling due wthin one year
(93,523)
{93,523)
(84,5331
CURRENT ASSETS
70,660
70,660
108,196
TOTAL ASSETS LESS CURRENT
LIABILITIES
141,619
141,619
111.494
NET ASSETS
141,619
141,619
111,494
FUNDS
Unrestricted funds
10
141,619
111,494
TOTAL FUNDS
141,619
111,494
The charitable company is entitled to exemption from audit under Section 477 of the Companies Art 2006 for the
year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable cornpany keeps accounting records that comply with Seclions 386 and 387 of
the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of Ihe charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sertions 394 and 395 and which olherwise comply with the
requirements of the Companies Act 2006 relating to financial stslements, so far as applicable to the
¢haritable company.
Ib)
The notes fonn part of these financial statements
Page 8
continued...

stroud Valle
sPro
ect Limited
Balance Sheet- continued
31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
10 Seplember 2025 and were signed on its behalf by..
S C Parkes - Trustee
The notes form part of these financial statements
Page 9

Stroud Valle
s Pro'ect Limited
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial ststements of the charitable company. which is a public bénefil entity under FRS 102. have
been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicablé to charities preparing their accounts in accordan￿ with
the Financial Reporting Standard applicable in the UK and Republic of Sreland {FRS 102} (effective 1
January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK
and Republic of Ireland, and Ihe Companies Act 2006. The financial statements have been prepared under
the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charfty 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 wll be required in
setuement 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Taxation
The charity is exempt from corporation tsx 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 restricled pU￿oseS wthin Ihe objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of Ihe nature and purpose of each fund is included in the notes to the financial
statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line
basis over the period of the lease.
Penslon costs and other post-retirement benefits
The Gharitable COTnpany operates a defined contribution pension scheme. Contributions payable to the
charitable companls pension scheme are charged to the Ststement of Financial Activities in the period to
which they relate.
Page 10
continued...

Stroud Valle
Pro'ect Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
INVESTMENT INCOME
2025
2024
Bank Interest
416
295
NEf INC0MEI{EXPEND￿uRE)
Net incomel(expenditure) is stated after chargingl(creditingl:
2025
2024
Depreciation - owned assets
Hire of plant and machinery
Other operating leases
8,435
1,525
593
824
1,647
1,401
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
Trustees. expenses
There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
77,883
5.597
83,480
Charitable activities
Charitable Activites
62.561
141.208
203,769
Investment income
Other income
295
20,492
295
20.492
Total
161,231
146,805
308,036
EXPENDITURE ON
Raising funds
18,860
8,943
27.803
Charitable activities
Charitable Activities
118.609
135.401
254,010
Total
137,469
144,344
281.813
NET INCOME
Transfers between funds
23,762
2.461
2.461
(2.461)
26,223
Page11
continued...

Stroud Valle
s Pro'ect Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
funds
fund
Total
funds
Net movement in funds
26,223
26.223
RECONCILIATION OF FUNDS
Total funds brought forward
85,271
85,271
TOTAL FUNDS CARRIED FORWARD
111,494
111,494
TANGIBLE FIXED ASSErs
Fixtures
and
fittings
Freehold
propety
Totals
COST
At 1 April 2024
Additions
66.785
1.662
66.785
76.096
74,434
At 31 March 2025
74,434
68.447
142,881
DEPRECIATION
At 1 April 2024
Charge for year
63,487
992
63,487
8,435
7.443
At 31 March 2025
7,443
64.479
71,922
NET BOOK VALUE
At 31 March 2025
66,991
3,968
70.959
At 31 March 2024
3,298
3,298
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Amounts owed by group undertakings
Prepayments
23,407
18,799
3.650
13.888
46,786
3.554
45.856
64,228
Page 12
continued...

Stroud Valle
s Pro'ect Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
CURRENT ASSET INVESTMENTS
2025
2024
Unlisted investments
50
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Social security and other laxes
Accruals and deferred income
8,830
7,510
77,183
2,000
3,049
79,484
93,523
84,533
10.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
3113125
At 114124
Unrestricted funds
Unrestricted funds
111,494
{23,500)
53.625
141.619
Restricted funds
Restricted funds
53.625
(53,625)
TOTAL FUNDS
111,494
30.125
141.619
Net mov6ment in funds, included in the above are as follows:
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
Unrestricted funds
142,974
(166.474)
123,500)
Restricted funds
Restricted funds
216.715
(163,090)
53,625
TOTAL FUNDS
359.689
(329.564)
30,125
Page 13
continued...

Stroud Valle
sPro
ect Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
10.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
be￿een
funds
At
3113124
At 114123
Unrestricted funds
Unrestricted funds
85,271
23,762
2,461
111,494
Restricted funds
Restricted funds
2.461
(2,461)
TOTAL FUNDS
85,271
26,223
111,494
Comparative net movement in fijnds, included in the above are as follows..
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
Unrestricted funds
161.231
{137,469}
23,762
Restricted funds
Restricted funds
146,805
(144,344)
2,461
TOTAL FUNDS
308.036
(281,813)
26,223
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
3113125
At 114123
Unrestricted funds
Unrestricted funds
85,271
262
56,086
141.619
Restricted funds
Restricted funds
56,086
(56,086)
TOTAL FUNDS
85.271
56.348
141.619
Page 14
continued...

Stroud Valle
sPro
ect Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
10.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows..
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
Unrestricted funds
304,205
(303,943)
262
Restrlcted funds
Restricted funds
363,520
{307,434)
56,086
TOTAL FUNDS
667,725
(611,377)
56,348
11.
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 March 2025.
Page 15

Stroud Valle
s Pro'ect Limited
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
2025
2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Admissions
Donated ServI￿S and facilities
Events
43.236
3,577
16,000
304
4.831
4,455
56,616
2.690
11.306
208
3,048
9,612
72,403
83,480
Investment income
Bank Interest
416
295
Charitable activities
Grants
Conlracts & SLAS
225.864
39,045
158,313
45,456
264,909
203.769
Other income
Rent Income
Insurance claim
21.961
19.230
1.262
21,961
20,492
Total incoming resources
359,689
308,036
EXPENDITURE
Raising donations and legacies
other operating leases
operating a trading subsidiary
593
1,401
15,837
593
17,238
Other trading activities
Purchases
Bank interest
5.010
591
10.214
351
5,601
10,565
Charitable activities
Wages & Salaries
Carried forward
222,167
222.167
173,179
173,179
This page does not form part of the statutory financial statements
Page 16

Stroud Valle
s Pro'ect Limited
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
2025
2024
Charitable activities
Brought forward
Social security
Pensions
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Poslage and stationery
Sundries
Project Materials
Contractors
ToolslEquipment - not Gapitali
Volunteer Expenses
Training
Rent
Travelling
Office Machine Maintenance
Repairs and Renewals
Cleaning
Premises Expenses
Refreshments
Recruitment Expenses
Audit and Accountsncy Fees
Plant and machinery
Fixiures and ffttings
222.167
11.760
5,890
1,525
561
4,298
3,915
1,407
2.371
3.414
11,265
13,335
1,608
433
880
16,175
4,299
4,103
149
185
483
2,009
87
2,616
8,435
173,179
4,982
5,154
1,647
607
3,744
4,845
1,279
2.364
2.132
9,338
18,115
1,765
198
339
13,629
3,234
717
224
130
1,128
1,703
189
2,544
824
323,370
254.010
Total resources expended
329,564
281,813
Net Income
30.125
26,223
This page does not form part of the statutory financial statements
Page 17