Glengormley Presbyterian Church Financlal Statements for the year ended 31 December 2024 Charity Nos: XN47210 NI Charity Commission Registration No: 104317
Glengorniley Presbyterian Church Contsnts Page Contents Independent Examlners. report statement of Congregatlonal Commlttee statement of Flnanclal Actlvltles Balance sheet Notes to the flnanclal statements 7-10 The followlng pages do not form part of the Flnanclal Statements Detslled Statement of Flnanclal Actlvltles 11-17 Page 1
Glengormley Presbyterian Church Independent Examlner's Report to the Congregational Committee of Glengormley Presbyterian Church Congregation We report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 10. RESPEcfIvE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible for the preparation of the accounts. The charity's trustees conslder that an audlt is not required for this year under section 65(1) of the Charities Act (Northern Ireland) 2008 and that an independent examination Is needed. Havlng satlsfled ourselves that the charlty Is not subject to audlt under charlty law, and is ellglble for independent examinatlon, it is our responsibility to: (i) examine the accounts under section 65 of the Charities Act. (11) follow the procedures laid down in the general Directions given by the Charlty Commission for Northem Ireland under sectlon 65(9)(b) of the Charities Act. (ill) state whether partlcular matters have come to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT Our examinatlon was carried out in accordance wlth the general Dlrectlons given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes conslderation of any unusual items or dlsclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be reqUId in an audit and consequently no opinion Is given as to whether the accounts present a 'true and fair view, and the report is Ilmited to those matters set out in the statement below. We have examined your charity accounts as required under section 65 of the Charfties Act and our examination was carried out in accordance wlth the general Directions given by the Charity Commission for Northern Ireland under settion 65(9)(b) of the Charities Art. 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 a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conMIng any such matters. Page 2
Glengormley Presbyterian Church Independent Examiner's Report to the Congregational Committee of Glengormley Presbyterian Church Congregation Our role is to state whether any material matters have come to our attention, glvlng us cause to believe: That accounting records were not kept In accordance wlth settion 63 of the Charlties Act (Northern Ireland) 2008; That the accounts do not accord wlth those accounting records. That the accounts do not comply with the accounting requlrement5 of settion 68 of the Charities Act (Northern Ireland) 2008 and with the methods and principles of the Charities Staternent of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland 4 That there Is further informatlon needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT We can confirm that we are qualified to undertake the examlnatlon because we are registered member of Chartered Accountants Ireland, which Is one of the Ilsted bodles. We have completed our examlnatlon and have no concerns in respett of the matters (l) to (4) Ilsted above and, in connection with followlng the Dlrections of the Charity Commission for Northem Ireland, we have found no matters that requlre drawlng to your attention. Teresa Campbell AAB Group Accountants Limited Independent Examiners Date: ?/J/zf Paga 3
Glengormley Presbyterian Church Statement of Congregational Committee's responsibilitles for the Financial Statements The purpose of thls statement is to distinguish the Congregational Committee's responsibilities for the accounts from those of the independent examiners as stated in their report. The Co(le permits the Congregational Committee to prepare accounts for each financial vear which give a true and fair view of the congregation's financial activities during the year and of Its flnanclal positlon at the end of the year. In preparlng the finanaal statements the congregatlonal commlttee should follow best practice and: selett suitable accounting policies and apply them conslstentlyi make judgements and estlmates that are reasonable and prudent. follow the recommendatlons of the accounting professional with gard to the form and content of the financlal statements, or to disclose and explaln any departures therefrom. and prepare financial statements on the golng concern basis, unless it is inappropriate to assume that the congregation will be able to continue to meet Its obligatlons. The congregational committee are responsible for keeping proper accounting records of all the congregational transactions which disclose with reasonable accuracy the financlal positlon of the congregation and whlch enable them to ensure that the fjnanclal ststements comply wlth the dlsclosure regulations. They are also responsible for safeguarding the congregational assets, and hence ft)r taking reasonable steps for the prevention and detection of fraud, error and other irregularltles. /£/l_. Janlne Asquith Trustee Slgned on behalf of Klrk Session. Davld Mullan Trustee Signed on behalf of Klrk Sesslon. Date Date Page 4
GIn80M)leY Presbyterian Church slatement of finandal Actlvities (fjncorporating the Income and Expenditure Account) fOrthe year ended 31 December 2024 2024 Total 2023 Total Unrestrlcted Restrlcted Endowment Notes IrKome from: Rtyular Drect Giving LThatlons & Legacies olher Trading Aclivilles Iriv88tment Income other Incom8 Sources 140,002 88,374 228.376 196.250 29,311 1 .282 246 3.592 1.(K19 2.055 246 2,966 246 4.327 1,361 TOtsI Income 142A22 93ffi41 236,063 230.681 Expendlture On Central Church As8888ments Mlnlsters Stlpend & Costs Mlnlsty & SupF*Xt staff W(Kship & Fellowship D15clplgshlp & Mlnlstry Mlssion & Outreach Gov8m8nce Property & Equipment Unhed Appeal Grants to Mlsslons & Charities 22.523 53,859 16,015 2.742 1.848 15.760 2,804 24,046 22.523 53.859 16.015 3,115 2,023 25.465 2.804 88.030 10.431 18,030 22.351 51.804 16.483 2.661 2.205 9.094 3,162 101.247 11,061 14.232 373 175 9.705 63,984 10,431 17.930 100 Total Expendlture 139,697 102,598 242,295 234,300 Net Income forthe Year 2,725 18,9571 16.2321 {3.6191 Transfer8 64 {500) Net Movement In Funds 3.225 19.4571 16,232) 13,6191 Recon¢lllatlon of Funds Fund balances brought foplvard 240,133 127.713 5.fTh 372.846 376.465 Fund balances tarrfed forward 243,358 118.256 5.000 366.614 372,846 All Income derivès from continuiTrJ activitlos. thoreforo no statement of recognlsed galns or losses Is glven
Glengormley Presbyterlan Church Balance Sheet as at 31 December 2024 Notes 2024 2023 Flxed assets rangible Fixed Assets 166,028 152,568 Qirrent assets Debtors Cash at bank & in hand 34,830 165 756 200,586 28,070 192 208 220,278 Current Llabllltles Credltors Net Current Assets 200,586 220,278 Net Assets 366 614 372 846 Funds Restrlcted Fund• 118,256 127.713 Endowment Funds 5,000 5,000 Unrestricted Funds 243 358 240 133 366 614 372 846 For the year ended 31 Decernber 2024 the charlty was entstled to exemption from audit under sectlon 65 of the Charities Act (Northern Ireland) 2008. Trustees, respon55billtle5: The members have not requlred the charlty to obtaln an audlt of Its accounts for the year In questlon in accordance wlth sectlon 65; and The trustees acknowledge their responsibllltles for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financlal statements were approved by the members of the Klrk Sesslon and are slgned on their behalf by: Janine Asqulth Trustee Date %-3-2L)'&S ' Date avi Trustee an The notes on pages 7 to 10 form an intsgral part of these financial statements. Page 6
Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2024 l• Accounting Poliaes a? Basis of Preparation Trie finanaal statements have been prepared In accordance wlth Accounting and Reportlng by CDarities: Statement of Recommended Practice applicable to charlties preparin9 thelr accounts in accordance wlth the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102) (effective l January 2019) and the (Charlties SORP (FRS 102), the Financial Reportlng standard applicable in the UK and Republic of Ireland (FRS 102). Glengormley Presbyterlan Church meets the deflnitlon of a publlc benefit entity under FRS 102. Assets and liabilities are initially recognised at historlcal cost or transaction value unless otherwise stated In the relevant accounting pollcy notes. b) Preparatlon of tho accounts on a golng concern basls Glengormley Presbyterian Church has prepared the accounts on a going concern basis. The balance sheet Is strong wlth strong contlnued support by the members. c) Income Income Is recognised when the charlty has entitlement to the funds, condltlons attached to the item(s) of Income have been met, It Is probable that the income wlll be reIVed and the amount can be measured lIably. Income from government and other grants, whether'capital, grants or 'revenue' grants, Is recognlsed when the charlty has entltlement to the funds, any performance condltlons attached to the grants have been met, it Is probable that the Incorne wlll be received and the amount can be measured reliably and is not deferred. d) Donated servlces and facllltles In accordance wlth the Charitles SORP (FRS 102), the general volunteer tlrne of the Charity's volunteers Is not recognlsed financially In the Statement of Flnanclal Activities but their valuable contribution is acknowledged In the Trustees, Report. e) Interest recelvable Interest on funds held on deposlt Is Included when receivable and the amount can be measured reliobly by the charity, thls Is nomially upon notlficatlon of the Interest pald or payable by the Bank. f) Fund Accounting Unrestricted funds are available for use at the discretion of the Congregational Committee in furtherance of the obJectlves of the charity. Deslgnated funds comprise unrestrlcted funds that have been set aside by the Congregatlonal Committee for particular purposes. General funds may be transferred to designated funds where the Congregatlonal Committee wlsh to use these funds for a specific purpose. Such funds may be transferred back to general funds On the criteria for the deslgnation have been met or are no longer appllcable. Restrlcted funds are subjected to restrictlons on thelr expenditure imposed by the donor or through the term5 of the appeal. g) Expenditure and irrecoverable VAT Expenditure is recognlsed once there is a legal or constructlve obligation to make a payment to a thlrd party, It Is probable that settlement will be requlred and the amount of the obllgatlon can be measured reliably. P8g8 7
Glengormley Presbyterlan Church Notes to the Financial Statements for the year ended 31 December 2024 l. Accountlng Policies ctd... g? Expenditure and Irrecoverable VAT ctd... E)<Penditure is classifled under the followlng actlvlty headlngs: fxpenditure on charltable activlties includes the costs of ntral church 05sessments. minlstry arid support staff, ojre team and oryanlsatlons expendlture, church running costs and administration, donatlons and other support services to further the purposes of the charity and their a550ciated support costs. Other expenditure represents those Items not fallirbg into any other headlng. The church is not registered for VAT purposes, therefore irrecoverable VAT is charged to the statement of Flnancial Activities, or capitalised as part of the cost of the related asset, where appropriate. h) Allocatlon of 5UPPOrt costs Support costs a those funrtlons that asslst the work of the charlty but do not directly undertake charltable actlvlties. Support costs Include back office costs, finance, human resources. payroll and govemance costs which support the chartty's activltles. These costs have been allocated against the expendlture on charltable actlvlties. l) Operatlng leases The church has no operatlng leases. J) Tangible fixed assets and depreciation Depreciation is provided at rates calculated to wrlte off the cost less residual value of each asset over its expected useful Ilfe, as follows: Church and Halls 2% Stralght Line Manse 2% Straight Line Computer Equlpment 25010 Stralght Llne Flxtures & Flttings io% straight Line k) Ca•h at bank and In hand Cash at bank and cash In hand Indudes cash and short term hlghly Ilquld Investments with a short maturity of three months or less from the date of acqu151tion or openlng of the deposlt or slmllar account. l) Taxatlon The church is a registered charity and the charitable tax exemptions are therefore being clalmed to the extent that Income andlor galns are appllcable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charltable purposes only. m) Crltical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are requlred to make judgements, estlmates and assumptions about the carrying amount of assets and Ilabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hlstorlcal experien and other factors that are consldered to be relevant. Actual results may differ from these estlmates. The estimate5 and underlying assumption5 are revlewed on an ongolng basis. Revlslons to accounting estimates are recognlsed In the perlod in whlch the estimate is revised where the revlslon affects only that period, or in the period of the revision and future period5 where the revlsion affects both current and future periods. Page 8
Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2024 2. FIXED ASSETS Computer Audio Visual Flxtures & Equipment Fittlngs Church and Halls Manse Total COST At l January 2024 Addltions 250,038 23,471 116,006 115,146 74,542 555.732 23,471 As at 31 December 2024 273 509 116 006 115 146 579 203 DEPRECXATION At l January 2024 Charge for the year 160,568 3,870 66,114 2,320 113,204 1,234 63,278 2,587 403,164 io,oii As at 31 December 2024 114 438 413 175 NEf BOOK VALUE As at 31 December 2024 109 071 708 166 028 As at 31 December 2023 152 568 3. DEBTORS 2024 2023 Prepayments and Accrued Income 34,830 28,070 4. CREDITORS 2024 2023 other Credltors PagB 9
Glengormley Presbyterian Church Notes to the Flnancial Statements for the year ended 31 December 2024 5. RESTRicfED FUNDS - MOVEMENTS IN THE YEAR Balance at Incomlng 111124 Funds Amounts Expended Balan* at 31/12/24 Transfers Prnperty Fund M Isslon & Charity Funds Organisational Funds 104,822 12,880 io,oii 54,003 35,203 4,435 (59,799) (33,931) (8,868) 99,026 14. 152 5.078 (500) 127 713 102 598 500 118 256 The property assets had been Included for the flrst time In the balance of funds held at i January 2011. All property assets other than the church and ha115 have been Included in the Prnperty Fund. 6. UNREsfRICTED FUNDS - MOVEMENTS IN THE YEAR Balance at Incomlng 111124 Funds Amounts Expended Balance at 31112/24 Translern General Fund 240,133 142,422 (139,697) 500 243,358 240 133 142 422 139 697 500 243 358 The property assets had been Included ft)r the first tlme In the balan of funds held at i January 2011. The church and halls have been Induded in the General Fund. 7. ENDOWMENT FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming 1/1124 Funds Amounts Expended Balance at 31112/24 Transfers Endowment Fund The endowment funds cons15t of capltal fijnds held indefinltely by Glengorniley Presbyterian Church that it has no power to convert into income. The Church is entitled to interest arising from any Investment of the capltal funds. 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS Endowment Unrestrlcted Restrlcted Totrl funds Fund balances at 31 December 2024 were represènted by: Tangible fixed assets Net currenUnon-CUTrent assets 109,070 134,288 243,358 56,958 61,298 118,256 166,028 200,586 366,614 5,000 5,000 Page 10
The followlng pages do not form part of the statutory financial statements which are the subject of the Independent examiner's report on pages 2 and 3. Page11
Glengormley Presbyterlan Church Detailed Statement of Financial Activities for the year ended 31 December 2024 InCOME 2024 Total 2023 Total Unrestricted Restricted l. Regular Direct Giving Recorded Giving (Free Wlll Offering) Gift Aid Tax Recovered Plate l Loose Collections Rec Givings Property Glft Ald Property Glft Ald Missions Rec Givlng Missions U ntted Appeal Speclal Unlted Appeal Glft Aid Earl Haig Fund Recelpts Presbyterian Children's Society Presbyterlan Chlldren's Soclety Glft Ald World Development Actt Receipts World Development Actt Receipts Glft Aid Frlday Club Tear Fund Chrlstlan Ald Frlday Club Glft Ald Praise Band Praise Band Gift Aid Friday Nlght Thlng Shoebox Donations Friday Nlght Thlng Gift Ald Chrlstlan Ald Glft Ald Students Bursary Tear Fund Gift Aid 111,721 27,045 1,236 111,721 27,045 1,236 43,274 8,877 3,357 20,396 2,555 719 266 1,255 373 1,880 171 60 1,260 1,091 19 1,105 111.143 22,462 1,508 22.141 4.887 4.578 20,526 2,076 43,274 8.877 3,357 20,396 2,555 719 266 1,255 373 1,880 171 60 1,260 1,091 19 1,105 212 1,492 95 955 107 60 418 890 15 1,020 510 60 1,051 15 29 861 247 29 232 305 42 861 247 29 232 305 42 140 002 228 376 196 250 2. Donatlons and Legacles Hughes Bequest In Memory Nessa Adalr In Memory Dean Roblnson Mcmlllan Bequest L Hacklng Wedding McDowell 8eouest Walker Funeral Eorr Anon Hardshlp Fund 6,426 250 50 250 80 2,000 35 20,000 220 50 50 50 50 Page 12
Glengormley Presbyterian Church Detslled Statement of financlal Actlvltles for the year ended 31 December 2024 IPICOME ctd.- 2024 Total 2023 Total Unrestrlcted Restricted 3. Other Trading Activltle$ Church Magazlnes Mosalc Takings Daily Bread Immerse Blbles PW Magazlnes Practising the Way Books Cash for Cans Chairs Scrap Melal Pew Cushlons Pews 260 260 28 535 408 86 260 353 175 28 535 175 175 iio 104 loo 52 loo 1,600 iio 104 loo 52 loo 1,600 4. Investment Income Interest Sally Stranaghan Trust 246 246 246 246 246 246 5. Other Income Sources Parent & Todd5 Acct - Receipts PW Receipts - Offerings/GIft Aid PW Recelpts - Members Fees Thursday Mornlng Life Group Midweek Gulde5 Wednesday Night Bible Study Townswornens Gulld Cholr Plus Quiz Sabbatical Relmburs&ment 580 183 1,148 loo 580 183 1,148 175 220 400 318 35 1,514 152 230 200 45 195 261 642 75 220 400 150 ioi 150 ioi 955 415 955 415 TOTAL INCOME 142 422 230 681 Page 13
Glengormley Presbyterian Church Detailed Ststement of Financlal Activltles for the year ended 31 December 2024 EXPENDrruRE 2024 Total 2023 Total Unrestricted Restricted 6. Central Church Assessments central Ministry Fund Communications Department Minlsters, Pension Stheme Fund Widow of Ministers Incidental Fund Prolonged Dlsabllity Fund Mlnisterlal Development Fund Slck Supply Fund Church House Repalrs Students Bursary Apprenticeshlp Levy 4.096 1.147 9.935 737 2,948 573 82 16 1,473 1,310 206 4,096 1,147 9,935 737 2,948 573 82 16 1,473 1,310 206 4.036 9,461 825 3.301 825 367 37 1,834 1,467 198 7. Mlnlster Mlnister's Stlpend Mlnlsters Nl Mlni5terial Car Allowance Ministerial Duties Allowan ER NIC on Mlnisterlal Allowances Cost of Living Payrnent - Nlnlster 41,395 4,457 4,221 2,815 971 41,395 4,457 4,221 2,815 971 39.424 4,254 4,020 2,681 925 500 8 Other Mlnistry and support Staff Pulpit Supplies and Guest Speaker Salary Church Visitor Salary Offlce Adminlstrator Income Tax & NI others Exps - Mlnistry & Support Stsff Exps Church vlsltor 913 9,443 913 9,443 158 8,611 1,894 2.349 845 2,577 2,577 9. Worshlp and Fellowshlp Worship Resources (Incl Copyright Llcenc8s) Church Envelopes Christrnas Cards We sing Music Paper Cups Leaflets Famlty Servlce Bowls Trophies Creche Back.to School Service Childrens Day Service Stsdium Tour Eas5fyvorship Licence Harvest Decorallons Bo5 Dinner 1,054 504 22 983 513 28 26 70 544 113 384 504 22 126 126 314 195 205 314 195 205 180 142 130 243 142 130 243 373 Page 14
Glengormley Presbyterlan Church Detailed Statement of Flnancial Activlties for the year ended 31 December 2024 EXPENDfruRE continued... 2024 Total 2023 Total Unrestricted Restricted 10. Dlsclpleship and Mlnistry Clwrch Magazines & Literature Immerse Bibles Irnmerse Costs Memory Sticks Storybook Bible PW Magazines PW Expenses New Join8r Bibles Eldets Readlng Materlal Pr8Ctlsing The Way Books 875 875 597 1,119 187 24 13 175 90 46 175 175 215 262 450 215 262 450 175 11 Mlsslon and Outreach Friday Club Expenditur8 Parent & Todds Expenditure GLOW Expenditure Holiday Bible Club Expens8S GLOW Priz8S Mosaic Coffee Play Resource Costs Slovenia Support Project Romania Garden Tomb Support Mosaic Supplies Thompson House Engltsh Classes Alpha Materla15 Refugee Food Refvgee Gifts Friday Night Thing Exp8nditure Chill Out Tuesdays Shoebox Expenditu Young Lrfe Donation Young Life Expenses 89 65 299 154 299 200 547 162 566 90 3.360 2,667 575 185 228 221 230 241 90 3.360 642 750 148 115 306 173 178 155 790 200 547 162 566 90 3,360 2,667 86 285 371 218 793 218 793 905 905 15,000 133 700 15,000 133 12. Governance Independent Examination Fees Bank Interest & Charges offi Exp Presbytery Fees Data Protection Registration Microphone Licence Registration Fees 1,200 136 239 939 35 1,200 136 239 939 35 1.200 131 927 734 35 135 255 255 Page 15
Glengormley Presbyterian Church Detailed Statement of Flnancial Activities for the year ended 31 December 2024 EXPENDITURE continued... 2024 Total 2023 Total Unrestrlcted Restricted 13. Utllltles Elettrlclty, 011 and Gas- Church and Hall Rates and Ground Rent - Church and Hall Water rates churth and hall Telephone and Internet Church and Hall Rates Manse 6.369 50 385 1,613 1,274 9,691 6,369 50 385 1.613 1,274 9,691 5.867 50 349 1,467 1,334 9,067 14 Property and Equlpment Cleaning rd Licence Key Cutting Lighting Repalrs FSre Equipment Malntenance Computer Programmes Praise Band Equipment Weed Killer Dishwasher Repair Palnt Door ServicSng Painting First Aid Kits Electrical Repairs CCTV Repalrs Plumblng Asbestos Removal Wifi Electrical Testing Gas Certification Extractor Fan Mosalc Furniture Heating Pump Door Repair CO Alarms Design Fees Curtains Carpet & Fitting Asbestos Report PPE Fabrics Fumishings Chalrs Flooring Drsin Guards Building Supplies Storage Boxes 5.728 169 5,728 169 141 398 1,312 5.058 159 141 398 1,312 2,353 147 123 123 16 124 245 78 286 15 294 1.570 286 15 294 1.570 75 9,715 456 155 46.332 282 3,103 576 280 1,318 2,727 2,727 729 1,355 729 1,355 234 234 180 176 180 176 54 1,194 212 16,804 84 117 750 1.194 212 16,804 117 750 148 23,976 220 55 15 23.976 220 55 15 20 Page 16
Glengormley Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2024 EXPENDrnIRE continued... 2024 Unrestricted Restrirted Total 2023 Total 14 Property and Equlpment Hose Cooker Repalr Sensory Spa¢8 C8ble Signage Gutter Cleanlng Stage & Sound 35 io 383 35 14 115 4,062 10 383 35 14 115 4,062 15 Insurances Church Insurance 4.588 4,588 4,588 4.588 4,373 16 Depreclatlon Depreciatlon Church and Hall Depreclation Manse Depreclation Equlpment 3,870 3,870 2,320 3,821 3,401 2,320 11,605 2,320 3,821 6,141 3,870 17 United Appeal Unlted Appeal 10,431 10,431 10,431 18 Other PCI Schem Presbyterlan Chlldrens Soclety World Development Appeal PW Donatlons to PCZ 1,636 1,345 1,500 1,636 1,345 1.500 4481 1,492 1,595 1,200 4,287 19 Other Mlssions and Charltl•s Earl Haig OMF Tear Fund Chrlstlan Aid NI H05pice Newtownabbey F4)odbank World Vi51on street Pastors Acacia Path Sports Chaplaincy Hope 365 266 8,244 1,250 1,091 228 loo 266 8.244 1,250 1,091 228 loo loo 250 250 1,750 1,750 250 250 20 20 13 449 13,549 212 8,244 413 975 loo ioi loo TOTAL EXPENDITURE 139,697 102,598 242.295 234.300 Page 17