REGISTERED COMPANY NUMBER: N1030225 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 104724 ort of the Trustees and Financial Statements for the Year Ended 31 March 2025 for Pla Acom board Northern Ireland an Limited b Guarantee Lynn Drake & Co Ltd Statutory Auditors I st floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
Pla board Northern Ireland Statement of Financial Activities Ineor oratin an Income and Ex for the Year Ended 31 March 2025 enditure Account 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes IINCOME AND ENDOWMENTS FROM Charitable activities Grants Receivable 557,577 557,577 459,337 Other trading activities Investment income 12.550 3,855 12,550 3,855 126,975 3,385 Total 16,405 557,577 573,982 589,697 EXPENDITURE ON Charitable activities Direct Charitable Expenditure Governance 29,468 547,439 6,538 576,907 6,538 689,543 5,974 Total 29,468 553,977 583,445 695,517 NET INCOMEI(EXPENDITURE) (13,063) 3,600 (9,463) (105,820) RECOINCILIATION OF FUNDS Total funds brought forward 1.454,533 1,454,533 1,560,353 TOTAL FUNDS CARRIED FORWARD 1,441,470 3,600 1,445,070 1,454,533 The notes form part of these financial statements 24
Pla board Northern Ireland Statement of Financial Position 31 March 2025 31.3.25 31.3.24 Notes FIXED ASSETS Tangible assets 853,906 875,908 CURRENT ASSETS Debtors Casli at bank 12 77,714 629,242 114,709 474,010 706,956 588,719 CREDITORS Amounts falling due within one year 13 (115,792) (10,094) NET CURRENT ASSETS 591,164 578,625 TOTAL ASSETS LESS CURRENT LIABILITIES 1,445,070 1,454,533 NET ASSETS I,445,070 1,454,533 FUNDS Unrestricted funds Restricted funds 15 1,441,470 3,600 1,454,533 TOTAL FUNDS 1,445,070 1,454,533 These financial stateinents 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 18 June 2025 an were signed on its behalf by.. Mr S Buchanan - Trustee The notes form part of these financial statements 25
Pla board Northern Ireland Statement of Cash Flows for the Year Endcd 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Cash generated from operations 160,032 63,104 Net cash provided by operating activities 160,032 63,104 Cash flows from investing activities Purchase of tangible fixed assets (4,800) Net cash (used in)/provided by investing activities (4,800) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 155,232 63,104 474,010 410,906 Cash and cash equivalents at the end of the reporting period 629,242 474,010 The notes form part of these financial statements 26
Pla board Northern Ireland Notes to the Statement of Cash Flows for the Year Ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decrease in debtors Increase/(decrease) in creditors (9,463) (105,820) 26,802 36,995 105,698 28,484 146,755 (6,315) Net eash provided by operations 160,032 63,104 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net cash Cash at bank 474,010 155,232 629,242 474,010 155,232 629,242 Total 474,010 155,232 629,242 The notes form part of these financial statements 27
Pla board Northern Ireland Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing thc financial statements (a) General information and basis of preparation Playboard Northern Ireland is constituted as a company limited by guarantee incorporated in Northcrn Ireland (N1030225). In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. Tlie financial statements have been prepared in accordance with 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), the Financial Reporting Standard applicable in tlie United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under tlie historical cost conventioii, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.. The significant accounting policies applied in the preparation of these financial statements are set out below. Tliese policies have been consistently applied to all years presented unless otlierwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherancc of the general objectives of the charity and which have not been designated for other purposes. Designated funds compiise unrestricted funds that have been set aside by the trustecs for particular purposes. The aim and use of each designated fund is set out in the notes to the ftnancial statements. Restricted funds are funds which are to be used Tn accordance with specific restrictions iinposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Income recognition All incoming resources ale included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the ainount Gan be measured reliably and it is probable that the incoine will be received. 28 continued..-
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Basis of preparing the financial statements For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attaclied to tlie donation and this requires a level of performance before entitlement can be obtained then income is deferred until tliose conditions arc fully met or the fulfilment of tliose conditions is within the control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is recognised when received. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be Ineasured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the finaiicial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in thc Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On tliese occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activTties includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and serviccs in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detailed within the notes to these fiiiancial statements. Income from governmeiit and other grants are recogniscd at fair value when the cliarity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. (d) Expenditure recognition All expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered and has been classTfi¢d under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, il is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the costs associated with attracttng voluntary incomes. Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. and Other expenditure represents those items not falling into the categories above. Irrecoverable V A T is cliarged as an expense against the activity for which expenditure arose. 29 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Basis of preparing the finaneial statements Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the graiit is only accrued when any unfulfilled conditions are outside of tlie control of the charity. (e) Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are iiicurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular Iieadings they have been allocated to cost of iaising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocatcd on an insert detail basis and other overheads have been allocated on a basis consistent with the use of resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. (D Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairmeiit losscs. Cost includes costs directly attributable to making the asset capable of operating as iiiteiided. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Buildings Fixtures & Fittings 20/0 Straight Line 25 % Straight Line (g) Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provision of the instrument. Basic financial instruments are initially recognised at the amounts 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 relived and not discounted. Debt instruments are subsequently measured at amortised cost. 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 incom¢ and expenditure. All other such investments are subsequently measured at cost less impairment. 30 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Basis of preparing the financial statements Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value with any changes recognised in the statement of fiiiancial activities, with the exception of hedging instruments in a designed Iiedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. if there is objective evidence of impairment an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain is recognised. For all equity instruments regardless of sigiiificance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not rcsult in a carrying amount of the financial asset that exceeds what the carrying amount would Iiave been had the impairment not previously been recognised. (h) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, tlie recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount. an impairment loss is recognised in profit or loss unless the asset is carried at a revalued ainount where the impairment loss is a revaluation decrease. (i) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a resuli of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. ti) Leases Assets acquired under finance leases are capitali5ed and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective intcr¢st method. Tlie related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight linc basis over the period of the lease. (k) Tax No provision is required for taxation as the company is defined as a charity for taxation purposes. 31 ontinued.
Pla board Northern Ireland Notes to the Financial Statements - continued for the Ycar Ended 31 March 2025 ACCOUNTING POLICIES - continued Basis of preparing the financial statements The charity is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. (l) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of incolne and expenditure for 12 months from authorising these financial staleinents. The budgeted income and expenditure is sufficient with thc level of reserves for the cl)arily to be able to ontinue as a going concern. (m) Judgements estimates The following judgements including those involving estimates tliat have been made in the process of applying the above accounting policies that have had the most significanl effect on the amouiits recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: (i) depreciation method and asset useful lives The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. Fund accounting Unr¢stricted 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. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. 32 coiitinued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Play Delivery Sales Positive Playgrounds Misc Income 11,406 738 121,199 1,223 4,553 406 12,550 126,975 INVESTMENT INCOME 31.3.25 31.3.24 Bank Interest 3,855 3,385 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Grants Receivable Grants 557,577 459,337 Grants received, included in the above, are as follows: 31.3.25 31.3.24 Department of Education DE Consult RCCP HSCB Bright Start Peace IV - Our Generation Big Lottery Fund PeacePIus PeacePlus Capital 260,000 131,000 4,931 67,532 120.000 135.874 60,000 120,000 35,915 76,862 4,800 557,577 459.337 33 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Support costs (see notc 6) Direct Costs Totals Direct Charitable Expenditure Governance 570,237 6,670 6,538 576,907 6,538 570,237 13,208 583,445 SUPPORT COSTS Governance costs Finance Totals Direct Charitable Expenditure Governance 6,670 6,670 6,538 6,538 6,670 6,538 13,208 NET INCOME/(EXPENDITURE) Net incomel(expenditure) is stated after charging/(crediting): 31,3.25 31.3.24 Auditors, remuneration Accountancy Fees Depreciation owned assets 2,500 3,120 26,802 2,500 3,421 28,484 TRUSTEES, REMUNERATIOIN 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. 34 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security Costs Other pension costs 389,293 39,800 16.060 470,070 47,940 20,319 445,153 538,329 The key management personnel of the charity comprise of the Chief Executive Officer, the Director of Corporate Services & Finance and tlie Director of Service Delivery & Development. The salaries paid to key management personnel during the year totalled £165,820. (2024: £171,875) The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 20 Management and Administration The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 31.3.25 31.3.24 £60,001- £70,000 £70,001- £80,000 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricled Restricted funds fuiids Total funds INCOME AND ENDOWMENTS FROM Charitable activitie5 Grants Receivable 12,463 446,874 459,337 Other trading activities Investinent incojne 126,975 3,385 126,975 3,385 Total l42,823 446,874 589,697 EXPENDITURE ON Charitable activities Direct Charitable Expenditure Governance 242,669 5,974 446,874 689,543 5,974 Total 248,643 446,874 695,517 35 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Total funds funds funds NET INCOME/(EXPENDITURE) (105,820) (105,820) RECONCILIATION OF FUNDS Total funds brought forward 1,560,353 ,560,353 TOTAL FUNDS CARRIED FORWARD 1,454,533 1,454,533 11. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At l April 2024 Additions Disposals 1,215,249 132,825 4,800 (65,943) 1,348,074 4,800 (65,943) At 31 March 2025 1,215,249 7l,682 1,286,931 DEPRECIATION At l April 2024 Charge for year Eliminated on disposal 340.727 24,404 131,439 2,398 (65.943) 472,166 26,802 (65.943) At 31 March 2025 365,131 67,894 433,025 NET BOOK VALUE At 31 March 2025 850,118 3,788 853.906 At 31 March 2024 874,522 1,386 875,908 36 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors SEUPB Peace IV HSCB Childcare Partnership Prepayments 2,714 34,806 4,832 60,000 15,000 71 60,000 15.000 77,714 114,709 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Accruals and deferred income 965 114,827 3,894 6,200 115.792 10,094 14. ANALYSIS OF NET ASSETS BETWEEN FUIYDS 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities 850,306 600,198 (9,034) 3,600 106,758 (106,758) 853,906 706,956 (115,792) 875,908 588,719 (10,094) 1,441,470 3,600 1,445.070 1,454,533 15. MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestricted funds Gcneral fund Designated Funds 347,151 1,107,382 11,341 (24,404) 358,492 1,082,978 1,454,533 (13,063) 1,441,470 Restricted funds PeaccPlus Capital 3,600 3,600 TOTAL FUNDS 1,454,533 (9.463) 1,445,070 37 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated Funds 16,405 (5,064) (24,404) 11,341 (24,404) 16,405 (29,468) (13,063) Restricted funds Bright Start Regional Child Care Partnership Department of Education Big Lottery PeacePIus PeacePlus Capital 120,000 60,000 260,000 35,915 76,862 4,800 (120,000) (60,000) (260,000) (35,915) (76,862) (1,200) 3,600 557,577 (553,977) 3,600 TOTAL FUNDS 573,982 (583,445) (9,463) Comparatives for movement in funds Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds General fund Designated Funds 428,566 1,131,787 (81,416) (24,404) 347,151 1,107,382 (i) 1,560,353 (105,820) 1,454,533 TOTAL FUNDS 1,560,353 (105,820) 1,454,533 38 continued...
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoining resources Resources expended Movement in funds Unrestricted fund5 General fund Designated Funds l42,823 (224,239) (24,404) (81,416) (24,404) 142,823 (248,643) (105,820) Restricted funds Peace IV - Our Generation Bright Start Regional Child Care Partnership Department of Education l35,874 120,000 60,000 131,000 (135,874) (120,000) (60,000) (131,000) 446,874 (446,874) TOTAL FUNDS 589,697 (695,517) (105,820) A current year 12 months and prior year 12 months combined position is as follows: Net movement in fuiids Transfers between funds At 3113125 At 114123 Unrestricted funds General fund Designated Funds 428,566 1,131,787 (70.075) (48,808) 358,492 1,082,978 (i) 1,560,353 (118,883) 1,44l,470 Restricted funds PeacePlus Capital 3,600 3,600 TOTAL FUNDS 1,560,353 (115,283) 1,445,070 39 continued.-.
Pla board Northern Ireland Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. 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 expended MoveiT)ent in funds Unrestricted funds General fund Designated Funds 159,228 (229,303) (48,808) (70,075) (48,808) 159,228 (278,1 I l) (118,883) Restricted funds Peace IV - Our Generation Bright Start Regional Child Care Partnership Department of Education Big Lottery PeacePIus PeacePlus Capital 135,874 240,000 120,000 391,000 35,915 76,862 4,800 (135,874) (240.000) (120,000) (391,000) (35,915) (76,862) (1,200) 3,600 1,004,451 (1,000,851) 3,600 TOTAL FUNDS 1,163,679 (1,278,962) (115,283) 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 40
Pla board Northern Ireland Detailed Statement of Financial Activities for Ihe Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Other trading activities Play Delivery Sales Positive Playgrounds Misc Income 11,406 738 121,199 1,223 4,553 406 12,550 126,975 Investment income Baiik Interest 3,855 Charitable activities Grants 557,577 459,337 Total incoming resources 573,982 589,697 EXPENDITURE Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postagc and stationery Sundries Cleaning Repairs and Renewals IT Support Printing and Publicity Affiliation Fees Staff Travel Redundancy Payment Van Rental Consultancy and Facilitation Meeting and Conference Costs Staff Training Monitoring and Evaluation Carried forward 389,293 39,800 16,060 1,062 5,003 10,516 6,697 3,438 356 4.479 10,644 9,737 3,549 326 1.675 470.070 47,940 20,319 1.069 6,515 11.014 7.060 1,886 882 4,237 11,616 9,418 790 490 196 25,074 807 16,349 2,187 14,065 2,024 830 1,123 520,677 637,919 This page does not form part of the statutory financial statements 41
Pla board INorthern Ireland Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Charitable activities Brouglit forward Project Travel Project Materials Play Day Play Delivery Programmes Peace IV Project Costs PeacePlus Project Costs Depn of freehold property Depn of fixtures and fittings 520,677 6,548 14,910 637,919 6,497 2,779 992 462 12,096 1,300 24,404 2,398 24,404 4,080 570,237 689,229 Support costs Finance Bank charges Foreign Exchange Losses 194 6,476 228 86 6,670 314 Governance costs Auditors, remuneration Accountancy Fees Legal & Professional Fees 2,500 3,l20 918 2,500 3,421 53 6,538 5,974 Total resources expended 583,445 695,517 Net expenditure (9,463) (105,820) This page does not form part of the statutory financial statements 42