REGISTERED COMPANY NUMBER: N1031737 (Northern Ireland) REGISTERED CHARITY NUMBER: 103004 Interserve Ireland Report of the Trustees and Financial Statements for the Year Ended 30 April 2023 Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP
Interserve Ireland Contents of the Financial Statements for the Year Ended 30 April 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet 11 to 12 Notes to the Financial Statements 13 to 17 Detailed Statement of Financial Activities 18
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2023. 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 UIQ and Republic of Ireland (FRS 102) (effective l January 2019). PRINCIPAL ACTIVITY At Interserve Ireland we are committed to the principal activity of our Company, which is seeking to see lives and communities transformed through encounter with Jesus Christ, via wholistic ministry and service. This is in partnership with the Global church, with our geographical focus on the neediest people of Asia and the Arab World. We work with and are supported by other stakeholders including the amalgamation of activities with Interserve Great Britain and Ireland. REVIEW OF ACTIVITY AND FUTURE DEVELOPMENT We have continued to build long tem links with Interserve Great Britain and Ireland following the amalgamation of activities with Interserve Great Britain and Ireland on l May 2017. We also appreciate the faithful support of the churches and individual donors and trnsts. From the consolidated position with Interserve Great Britain and Ireland, Interserve Ireland, continues to be able to meet the planned operating targets and have been able to build on past successes to ensure it has a sustainable future working with Interserve Great Britain and Ireland. Page I
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 OBJECTIVES AND ACTIVITIES Objectives and aims Interserve Ireland in conjunction with the amalgamated organisation of Interserve Great Britain and Ireland is a religious charitable society tracing its origin to work begun in 1852 in India and developed under various different titles since that time. The charity works in fellowship with other Interserve entities around the world (although it is legally independent from them). Our vision.. To see lives and communities transfornied through encounter with Jesus Christ. Our purpose.. To make Jesus Christ known among the peoples of Asia and the Arab World. How we work: Interserve is 'evangelical' in its understanding and practice of the Bible's teaching. It works for, with and through the local church in around 40 countries across Asia and the Arab world, as well as among these peoples living in 'diaspora' in Great Britain & Ireland. Interserve works 'wholistically', or in an integrated way, serving the whole person - i.e. body, mind and spirit, within a social context. We do this through.. . recruiting Christians in our focus area for service. serving local churches through training how to reach out to those from other cultures and faiths in appropriate and respectful ways. contributing to social cohesion and the common good in multi-religious societies. Rather than rurjning our own projects, Interserve workers are often placed into projects led by othcr charities, local churches and other institutions set up to meet the common good and in line with our charitable objects. In many cases, Interserve workers do not obtain a salary from other charities and organisations and are provided with living allowances and ministry expenses by Inteiserve. In setting long-tenn strategies, reviewing annual priorities and regularly discussing the impact that the activities of the charity are having. the Trustees have regard to the Charity Commission's general guidance on public benefit and our charitable objects. Page 2
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 OBJECTIVES AND ACTIVITIES STRATEGIC REPORT- INTERSERVE GREAT BKtTAIN AND IRELAND What we did in 2022123: Activities, Achievements and Performance Activities in 2022123 somewhat nom]alised following the COVID-19 palldemic around the world as restrictions on travel to and from most countries was eased. At the end of the year 32 long-tenn workers (serving more than two years) were engaged in overseas work, either in situ or remotely from the UK. Between them, they were engaged in activities such as: . Community support ethical business (providing local employment and modelling an approach to business with a high moral standard) medical services educational services community projects . Church support and development Supporting local churches, including how they serve the marginalised in their local communities. 'theological education by extension, (TEE) Within the UK, at the end of 2022123, 49 workers and 25 associate members were engaged in activities such as.. educational services including homework clubs and English teaching courses life-skill groups and support for migrants (transient and resident) cultural awareness courses and seminars prayer initiatives practical engagement with asylum seekers training and resourcing local British chuTches as they help refugees settle and integrate facilitating the set-up and running of wellbeing initiativcs walking alongside others in their faith journeys and providing mentoring. Our National Office support staff continued to provide: a quality care and support facility appropriate to the needs of those serving overseas and in Great Britain & Ireland. an efficient, effective, and financially sustainable administrative function. - support for workers coming from other parts of the international Fellowship to join our team in the UK. As well as placement of workers overseas and within the UK to meet our objectives, we also continued to engage churches and individual supporters through ongoing communications designed to inforn], stimulate thought and equip people. These included: - publication and distribution of "Go" Magazine - sent to around 6000 recipients in 2022. content creation and engagement through multiple social media channels. production and distribution of booklets to stimulate prayer. While Interserve takes the lead in these projects, these are created in close collaboration with a number of othei charities and promoted widely. running of our course Friendship First, a resource for equipping individuals and churches to reach out effectively in a cross-cultural context. In response to floods in South Asia we launched an appeal and raised around £35,000 which was distributed through trusted partner organisations on the ground. Page 3
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 OBJECTIVES AND ACTIVITIES We continued to progress the three strategic intents set by the Board of Trustees in 2021: 0wIng diveisity, growing responsiveness and growing community. Also, we commissioned a large piece of research in order to explore attitudes of UK Christians to cross-cultural mission as we seek to work with a broader range of churches. PUBLIC BENEFIT & DETRIMENT A key Trustee duty (section 17 of the Charities Act 2011) is to have due regard for the 'public benefit, from our work. As we review our perforn]ance the following indicators demonstrate - what we understand to be - the 'public benefit, of our activities. These include.. i) participation in the national UK conversation on migration and world faiths li) a contribution to 'social cohesion, and 'community integration, iii) support to vulnerable Christian communities in hostile contexts iv) equipping people for life and Christian witness in multi-cultural societies v) encouraging people who exercise their right to freedom of religious choice vi) the benefit we believe is contained in the life and teaching of Jesus Christ. Our primary beneficiaries are local churches overseas and in the UK. Grant making policy One of the uses for the Interserve Great Britain and Ireland Strategic Reserve Fund is making grants. It is anticipated that applications will be received through Partners, Directors and the wider International Interserve fellowship. Grants will nonnally be awarded to organisations whose ethos is compatible with that of Interserve Great Britain and Ireland towards activities which fall within Interserve Great Britain and Ireland's National Priorities. The final decision on the eligibility of any application rests with the Directors. No grants were made in 2022123from the Strategic Reserve fund. FINANCIAL REVIEW Interserve Ireland's overall Income for the 12 month period end to 30 April 2023 was £392 in comparison with £3,802 for the 12 month period in 2022. Expenditure for the year ended 30 April 2023 was £750 (2022 £1,435). Accordingly, Interserve Ireland reported a deficit of £358 for the year. Due to the year end dcficit of £358 the 30 April 2022 Balance Sheet balance has decreased from £152,575 in 2022 to £152,217. Page 4
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 FINANCIAL REVIEW Reserves policy Interserve Ireland, in the context of Interserve Great Britain and Ireland, keeps reserves and can spend them in order to meet a range of issues including.. emergencies both in the UK and overseas including repatriation costs for Partners in some countries where political and religious stability is Currently unpredictable and the current Covid-19 Pandemic- budgeted short to medium terni projects that fall over more than one financial year, including for example in 2019 funding the costs of the National Office move to Binningham. - variations in general income and legacy income that are either predicted or, by nature, not predictable. restricted funds allocated by donors and shown separately in the accounts which are set aside for these specified purposes and nonnally relate to Partners. and designated funds for specific Partners. Interserve Great Britain and Ireland's Reserves Policy involves: (a) Excluding those elements of the charity's total funds that constitute endowment or other restricted funds set aside for specified purposes, that are designated towards the support of specific partners, that are invested in fixed assets not practically realisable in the near term (e.g. buildings Inteiserve uses itselfj and that have already been committed to existing programmes or to meet expected general fund deficits over the next three (b) Deternlining how much of the balance should be retained in reserve to meet plausible potential adverse experience including costs that the charity would be subject to if some unforeseen event caused it to close or to need to merge with another charity. The charity does this bearing in mind Charity Commission guidance on what are reasonable reserves to set aside for these purposes. and (c) Detemlining the best way to spend the remaining balance in furtherance of its strategic objectives. At 30 April 2023, Interserve Ireland's total charity funds amounted to £152,217 but of these fi]nds, £8,550 were in restricted funds set aside for specified purposes. Of the balance, Interserve Ireland considers it reasonable to hold these reserves in the context of Interserve Great Britain and Ireland. The Trustees are currently exploring the best way to spend this in Ireland. Interserve's Reserves Policy is reviewed annually by the Finance and Risk Management Group (FRMG, a sub-committee of the Board), bearing in mind current known risks which are regularly assessed by this Group. It was most recently reviewed by this Group in May 2023 and agreed by the Board in June 2023. Page 5
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 FINANCIAL REVIEW PLANS FOR THE FUTURE In the context of Interserve Great Britain and Ireland the objectives for the future for Interserve Ireland are: We will continue to implement our three strategic intents in 2023. Specific areas of focus at this POTnt are.. .Analysis and development of specific recommendations of large-scale research among Church leaders and other Christians that we undertook at the end of 2022. Strengthening our dialogue with ethnically, culturally and socially diverse chuTches. . Developing more flexible ways for people to work with the charity. W¢ have seen a signiflcant shift in recent years from workers placed overseas to workers placed in the UK. We will adjust our support structUTes in light of this change. At the same time we will continue to highlight opportunities for oveiseas service. A refreshed and updated version of our training course "Friendship First" will be launched in the spring. We also anticipate growth in ministy activities at and through our propety in Birn]ingham, St John's House, as key positions are filled. PRINCIPAL RISKS AND UNCERTAINTIES Interserve Ireland via Interserve Great Britain and Ireland has had a risk assessment and action policy in place for a number of years. All significant activities undeitaken are subject to a risk review as part of an ongoing management process using a robust Risk Register. The trustees and management team review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. Major risks are identified by the management team in collaboration with a Finance and Risk Management Group (FRMG) which maintains the Risk Register. scrutinised and approved by the Board. We believe that our greatest strategic risk going fonvard is the failure to recTUIt and retain long-tenn workers to carry out the activities of the charity. Underlying factors that in¢r¢ase the likelihood of this risk include potcntial long-tenn restrictions on travel as a result of the pandemic, less willingness of governments to grant visas to overseas workers and a trend towards decreasing lengths of service. Steps to mitigate this risk include development and maintenance of a relevant communications strategy and active promotion of opportunities for service, commitment to providing good care to existing workers in order to maximise retention and more flexible processes for matching workers with opportunities. As a charity, Interserve is dependent on the donations of individuals, churches, and charitable trusts. There is a risk of decline in income wbicb will impact both the short-tern) operations and the long-tern] viability of the organisation. To mitigate this risk our fundraising team seeks to maintain a diverse Tange of funding streams that include regular and one-off donations, legacy income and income-generating activities. Management accounts are scrutinized monthly by the management team and quarterly by the Finance and Risk Management Group and a cash reserves policy is followed. Other operational risks in areas such as safeguarding, and data protection are minimized through maintaining up to date policies and Processes and comprehensive training of staff and volunteers. Political instability or insecurity in countries where personnel are located is an ongoing reality. Intcrserve International has robust systems and processes in place to ensure rapid and appropriate responses when needed. We also actively monitor laws and regulations related to financial sanctions in order to ensure compliance whilst seeking to work in some of the neediest parts of the world. Page 6
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 STRUCTURE, GOVERNANCE AND IVIANAGEMENT Governing document Interserve Ireland is a company limited by guarantee and a charity registered in Northern Ireland. It is governed by Articles of Association. Recruitment and appointment of directors New Directors are appointed at the discretion of the Board which is also referred to within the charity as the Council. Care is taken to ensure an appropriate skill mix within the Council. There is no fixed temi for directorship. New Directors take part in an induction programme which aims to familiarise them with the charity's values, aims and objectives together with its day-to-day operations, in addition to clarifying their statutory responsibilities as Directois of a company limited by guarantee and Directors of a charity. Organisational structure The Directors are responsible for the overall direction of the charity and serve voluntarily. The Directors meet at least quarterly throughout the year and are supported by a Finance Risk Management Group. The home staff team of thirteen full time staff and nine part time, led by the National Director, are responsible for the ongoing operation of the charity, fulfilling the strategy set by the Directors. Risk Management The directors assess the major risks to which the charity is exposed on an ongoing basis and have cstablished procedures to mitigate those that are identified as a result of these reviews. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1031737 (Northern Ireland) Registered Charity number 103004 Registered office 14 Glencregagh Court Belfast Co. Down BT6 OPA Trustees Mr K Ashman Retired Solicitor Mr G H Brown Retired (resigned 2.9.23) Mrs K T Buttenvorth Consultant Mrs J Clark Teacher / Interpreter (resigned 2.12.22) Rev J Howitt Minister of Religion Mr M Kemp Managing Director Mrs A Mcconkey Retired (resigned 3.6.23) Mr O Singh Project Manager (resigned 3.6.23) Rev J Smuts Minister of Religion Mr J Olisa Pastor Dr C Boardman (appointed 3.6.23) Mr A Butlei Retlred (appointed l.1.23) Mr E Gill (appointed 2.9.23) Company Secretary Mr C J Binder Page 7
Interserve Ireland Report of the Trustees for the Year Ended 30 April 2023 REFERENCE AIND ADMINISTRATIVE DETAILS Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP CONCLUSION Finally, we would like to take this opportunity to express our thanks to the wider family of Interserve Great Britain and Ireland. In a time of change, the importance of established supporter partnerships fonned over a number of years, are vital, in order to bring continuity to our activities, so that we can face the growing challenges of being involved in cioss cultural global integial mission. Approved by order of the board of trustees on Deeenib¢i 2023 and signed on its behalf by: Rev J Howitt - Trustee Page 8
Independent Examiner's Report to the Trustees of Interserve Ireland I report on the accounts of the company for the year ended 30 April 2023, which are set out on pages ten to seventeen. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions gÈven by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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 That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and. in connection with following the Directions of the Charity Commission for Northern ITeland, I have found no matters that require drawing to your attention. John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co. Antrim BT28 ITP December 2023 Page 9
Interserve Ireland Statement of Financial Activities for the Year Ended 30 April 2023 30.4.23 Total funds 30.4.22 Total funds Unrestricted Restricted fund nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 22 22 3,435 Investment income 370 370 367 Total 392 392 3,802 EXPENDITURE ON Charitable activities Support costs 750 750 1,435 NET INCOMEI(EXPENDITURE) (358) (358) 2,367 RECONCILIATION OF FUNDS Total funds brought forward 144,025 8,550 152,575 150,208 TOTAL FUNDS CARRIED FORWARD 143,667 8,550 152,217 152,575 The notes fomi part of these fmancial statements Page 10
Interserve Ireland Balance Sheet 30 April 2023 30.4.23 Total funds 30.4.22 Total funds Unrestricted Restricted fijnd funds Notes CURRENT ASSETS Debtors Cash at bank 49 156,035 148,225 8,550 156,775 148,225 8,550 156.775 156,084 CREDITORS Amounts falling due within one year (4,558) (4,558) (3,509) NET CURRENT ASSETS 143,667 8,550 152,217 152,575 TOTAL ASSETS LESS CURRENT LIABILITIES 143,667 8,550 152,217 152,575 NET ASSETS 143,667 8,550 152,217 152,575 FUNDS Unrestricted funds Restricted funds 143,667 8,550 144,025 8,550 TOTAL FUNDS 152,217 152,575 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023. The members have not required the company to obtain an audit of its fll]ancial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting rccords that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes forni part of these fmancial statements Pagell continued...
Interserve Ireland Balance Sheet- continued 30 April 2023 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 > Decenth 2023 and were signed on its behalf by.. Rev J Howitt - Trustee The notes fomi part of these financial statements Page 12
Interserve Ireland Notes to the Financial Statements for the Year Ended 30 April 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entlty 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 chaiities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the 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 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. Taxation The charity is exernpt from corporation 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. DONATIONS AND LEGACIES 30.4.23 30.4.22 Donations Gift aid 22 3,115 320 22 3.435 Page 13 continued...
Interserve Ireland Notes to the Financial Statements - continued for the Year Ended 30 April 2023 INVESTMENT INCOllllE 30.4.23 30.4.22 Deposit account interest 370 367 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 30 April 2023 nor for the year ended 30 ApTiI 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 3,435 3,435 Investment income 367 367 Total 3,802 3,802 EXPENDITURE ON Charitable activities Support costs 1,435 1,435 NET INCOME 2,367 2,367 RECONCILIATION OF FUNDS Total funds brought fonvard 141,658 8,550 150,208 TOTAL FUNDS CARRIED FORWARD 144,025 8,550 152,575 Page 14 continued...
Interserve Ireland Notes to the Financial Statements - continued for the Year Ended 30 April 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.23 30.4.22 Other debtOTS 49 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.23 30.4.22 Other Creditors Accrued expenses 3,459 1,099 2,458 1,051 4,558 3,509 MOVEMENT IN FUNDS Net movement in funds At 30.4.23 At 1.5.22 Unrestricted funds General fund 144,025 (358) 143,667 Restricted funds Partners - donations 8,550 8,550 TOTAL FUNDS 152.575 152,217 Net movement in funds, included in the above are as follows: Incoming resoutces Resources expended Movement in funds Unrestricted funds General fund 392 (750) (358) TOTAL FUNDS 392 750) 358) Page 15 continued...
Interserve Ireland Notes to the Financial Statements - continued for the Year Ended 30 April 2023 MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 30.4.22 At 1.5.21 Unrestricted funds General nd 141,658 2,367 144,025 Restricted funds Partners - donations 8,550 8,550 TOTAL FUNDS 150,208 2,367 152,575 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 3,802 (1,435) 2,367 TOTAL FUNDS 3.802 1,435) 2,367 A current yeai 12 months and prior year 12 months combined position is as follows: Net movement in fun(ts At 30.4.23 At 1.5.21 Unrestricted funds General fund 141,658 2,009 143,667 Restricted funds Partners - donations 8,550 8,550 TOTAL FUINDS 150,208 2,009 152,217 Page 16 continued...
Interserve Ireland Notes to the Financial Statements - continued for the Year Ended 30 April 2023 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in fijnds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 4,194 (2,185) 2,009 TOTAL FUNDS 4,194 2,185) 2,009 RELATED PARTY DISCLOSURES The Trustees of Interserve Ireland are also Trustees of Interserve Great Britain and Ireland. The amounts owed to other creditors detailed in note 7 relate to amounts owed to Interserve Great Britain and Iieland, At 30 April 2023 £3,459 was owed to Interserve Great Britain and Ireland (30 April 2022 £2,458). Page 17
Interserve Ireland Detailed Statement of Financial Activities for the Year Ended 30 April 2023 30.4.23 30.4.22 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 22 3,115 320 22 3,435 Investment income Deposit account interest 370 367 TotaI incoming resources 392 3,802 EXPENDITURE Support costs Finance Bank charges Currency exchange loss 36 (384 341 (348) 385 Governance costs Accountancy and legal fees 1,098 1,050 Total resources expended 750 1,435 Net (expenditure)/income 358) 2,367 This page does not forni part of the statutory financial statements Page 18