Macauleysmyth Professional l Reliable l Approachable COMPANY REGISTRATION NUMBER N1057350 Chartered Accountants ALTNAVEIGH HOUSE TRUST (2005) LIMITED FINANCIAL STATEMENTS 31 DECEMBER 2024 Charity Number NIC105050 •AE8TZRZL* 2510912025 COMPANIES HOUSE A26
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MACAULEY SMYfH Chartered Accountants 20A Upper Water Street Newry BT34 1 DJ 20A Upper Water St Newry Co. Down BT34 1 DJ T.. 028 30 833 F.. 028 30 251 746 info@macaukysmyth.com W.. www.macaubysmyth.¢om VAT R89. No 978 1543 79 Partnars.. Caroline Macauley Or¢) FCACTA Bernie Smyth Cio AITI AtsMser(eTAI
ALTNAVEIGH HOUSE TRUST (2005> LIMITED FINANCIAL STATEMENTS YEAR.ENDED 31 DECEMBER 2024 CONTENTS PAGE Twstees Annual Report Statement of Financial Activities (incorporating Ihe income and expenditure account) Balance sheet Notes to the financial statements The following pages do not form part of the financlal statements Detailed statement of financial activities 16
ALTNAVEIGH HOUSE TRUST (2005) LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 Decevnber 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Altnaveigh House Trust (2005) Limited Charity registratlOA number NtC105050 Company regislrntion number N1057350 Registered office 51 Downshire Road Newry Co. Down BT34 IEE THE TRUSTEES Thc trustecs who served the charity during the period wcrc as follows: Mr. A. G. Russell Mr. J. H. Thompson Mr. W. Hanna Mrs. M. Nummy Mr. W Glendinning Secretary William Hanna Accountants Macauley srnh Chartered Accounlants 20A Upper Water Street Newry BT34 IDJ STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is a company limited by guaranlee, having a board of direcloTS (trustees) who are responsible for the ¢ICient execution of its charitable objects. OBJECTIVES AND ACTIVITIES The charity has bcen establisl*d to construct and mainlain a community resource facility ILxated at Downshire Road, Newry. ACHIEVEMENTS AND PERFORMANCE In the period under review, the charity continued to make it's community resource facility available to a diverse range of stakeholders. including local community groups and organisations. FINANCIAL REVIEW The charity's core rental activity realised a loss of £21,072 The uncertainty surrounding the charity's slster organisation, Altnaveigh House Limited, continues to cast a shadow over the organisation's finances.
ALTNAVEIGH HOUSE TRUST (2005) LIMITED TRUSTEES ANNUAL REPORT{¢+¥•dj YEAR ENDED 31 DECEMBER 2024 PLANS FOR FUTURE PERIODS The Board is pleased that the organisation conlinues to recover from the ne8ative effects of the Covid pandemic albeit that it continues to impact Altnaveigh House. Reductions in available funding have severely impacted the wider charity and C4)mmunity sector. Many organisationg have faced tighter budgets, reduced staffing. and ongoing fman¢ial pressures, which has limited thetr ability to hire external venues. These wider challenge5 have had a direct knock-on effect on Altnaveigh House, reducing the level of income nornially generated throughout 2024. We were again grateful for the financial support of the Executive Office allowing us to develop good relations opportunities with several like-minded community groups and local sch¢X)Is. A series of good relations workshops and two study trips allowed the charity to again establish itself &5 an important shared space within the Community. All necessary repairs and maintenance projects were completed although the in¢rea5es in Core costs, especially fuel and electricity, Put a burden on all but essential work. A grani of £53,338 from the Sustainable Cornmunity Buildings Fund, administered by the Community Fund in Northern Ireland, will provide valuable support to Altnaveigh House in reducing knth our operatillE costs and our environmentsl impact, The funding will enable u5 10 invest in energy efficiency rneasurcs such &$ improved insulation. modemised heating systems, and more sustainable energy solutions. These upgrades will nol only reduce our lon8-twm utility expcnditurc, but will also significantly lower our carbon footprint, ensuring the building is operated in a more environmentally responsible manner. By creating a more SlaInable facility, we will able to safeguard resources for community use and demonstrate our commitment to ¢nvironmentsl stewardship alongside our core charitable objectives. Altnaveigh House successfully applied for fundin£ under the PeacePLUS.. Thriving Together project to support both intemal and extemal refurbishment works. The programme, operated by the Special EU Progrdmmes Body (SEUPB) and administered IcllY by the Council, h&$ approved funding of up to £59,981.70, These refurbisl]ments will ensure the buildin8 is more a¢c¢ssible. user-friendly, and fit for purpose, while also creating addilional meeting spaces for local user groups. The planned improvements will str¢n8then our Capacity to deliver services within a community-bwd ethos, supporting education, skills development, employment opportunities. and the overall quality of life for the CA)mmunity we serrfe. The charity will Conlinue to seek out opportunities lo improve its position as a leader in shared community experiences and training. RESPONSIBILITIES OF THE TRUSTEES The trSlee$ (who are also the directors of Altnaveigh House Trust {2005) Limited for Ihe purposes of company law) are responsible for preparin8 the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G¢n¢rally Acc¢ptrAI ArKounling Praclice). 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 the incoming resources and applicalion of resources, including the incom¢ and expenditure, of the charitable company for that period. In preparin8 these financial statements, the trustees are required to: select suitable accounting p)licies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudenL
ALTNAVEIGH HOUSE TRUST (2005> LIMITED TRUSTEES ANNUAL REPORT (eonllftu•d) YEAR ENDED 31 DECEMBER 2024 state whether applicable UK Accounting Standards have been followed, subjKI lo any material departures disclosed and cxplained in the financial stafrments. prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charitable company will conlinue in operation. The twstees are responsible for ke£ping proper accounting records that disclose wilh rea%)nable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trSleeS are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. Registered office.. 51 Downshirc Road Newry Co. Down BT34 IEE SigneAI by order of the tntee$ WILLIAM HANNA Charity Secretary l O September 2025
ALTNAVEIGH HOUSE TRUST (2005) LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 Total Funds Total Fund5 2024 2023 Nots INCOMING RESOURCES Incoming resources from generaling funds: Activities for generdting funds Grdnt funding Rental income 10.534 465 64J25 39,192 16,000 76,009 131,201 TOTAL INCOMING RESOURCES 79.424 RESOURCES EXPENDED Costs of generating funds.. Fundraising trading: cost of gcK)ds sold and other costs Charitable activities (S53) (4,617) (94.643) (124,774) (100,496) (129,391) (21,072) 1,810 516 TOTAL RESOURCES EXPENDED N.ET OUTGOING RESOURCES FOR THE YEAR Other 8ains/losses NET MOVEMENT IN FUNDSThET EXPENDITURE FOR THE YEAR RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD (21,072) 1,81Q 569,494 54&422 567,684 569,494 The Slatement of Financial Activities includes all 8ains and losses in the year and therefore statement of total ognISed gains and losses has not been prepared. All of the abov¢ amounts relate to continuing activities. The notes on page8 7 to 14 forni part of thèse Ilnanclal 8latsments.
ALTNAVEIGH HOUSE TRUST (2005) LIMITED BALANCE SHEET 31 DECEMBER 2024 2024 2023 Nol• FIXED ASSETS Tangible assets Investments 10 650,(MbO 650,000 650,(JOO 650,000 CURRENT ASSETS Stocks Debtors Cash at bank 11 12 2,(KlO 1,000 22,S14 27,224 50,738 5,575 17,415 CREDITORS: Amounts falllng due within one year 13 (66,243) (78,494) NET CURRENT LIABILITJES (4&828) (27,736) TOTAL ASSETS LESS CURRENT LIABILITIES 601.I72 622,244 CREDITORS: Amounts fallSng due after more than one year NET ASSETS 14 (52,750) 548.422 (52,750) 569,494 FUNDS UNRESTRICTED INCOME FUNDS: Unrestricted income funds Revaluation reserve 15 15 769,999 (221 J77) 769,999 (200,SOS) 569,494 TOTAL iJNRESTRICTED INCOME FUNDS 548.422 TOTAL FUNDS $48,422 569,494 For the year ended 31 De¢emlxr 2024 the company was entitled to exemption under Section 477 of the Companies Act 2006 relatin8 to sma]I companies. No members have required the company to obtain an audit of its accounts for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006. Tl)e trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of a¢counls. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The Balance sheet continues on the following page. The note8 on pages 7 to 14 form part ol the8e finaneial statements.
ALTNAVEIGH HOUSE TRUST (2005) LIMITED BALANCE SHEET(¢Mfrn¥ 31 DECEMBER 2024 These financial statements were approved by the members of the committee on tlie l O September 2025 and are signed on thetr beha by: MR. A. G. RUSSELL . J. H. THOMPSON J.R MR. W. HANNA MRS. M. NUMMY MR. W. GLENDINNING Company Registration Number: NIO57350 Th• notss on pag¢& 7 to 14 forni part of these financlal statements.
ALTNAVEIGH HOUSE TRUST (2005> LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTJNG POLICIES Basis of OntIng The financial statements have been prepared under the historical cost convention. except for investments which are included at market value and the revalualion of certain fixed assets, and in accordance with applicable United Kingdom accounting standards. the Statement of Recommended Praclice 'Accounling and Reporting by Charities" issued in March 2005 (SORP 2(M)5) and the Companies Act 2006. The charity h&5 becn dependent upon the support of capital grant funders in providing finance lo construct the community resource centre. However, the amount of grant funding awarded has Ixen insuificient to meet the total costs of constructing and fitting out the centre. Hence, in the absence of the trustees Ing abl¢ to source additional grant &ssistance, the TnLSt 15 now dependent uw)n the availability of bank debt and loan creditors lo be able io continue its activilies. This is exhibited by the significant net current liabilities position at the balance sheet date. The Directors hope this year to consolidate the debl of the company into one loan, which at present is being negotiat¢d. Further to the closure of the community business the direciors have taken steps to replace ihe activities of ihe community business with other activities. A number of new t¢nants have been Secured, for example: British Red Cross, South Down Family Health Initiative, Paul Coulter Fitness. The directors are seeking moff tenants for the prowty. It is also hoped that fiJndin8 may be obtained to upgrade the computer suite to allow its use by the Community and increase revenue for th¢ Charity. While considering the uncertainties describcd above, the Irustees have a TOnable expectation that the charity will have adequate resources to continue in operalional existence for the foreseeable future. For th¢se reasons, they continue to adopi the going conrxrn b]5 in preparing the annual report and accounts and these financial statements do not include any adjuslments that would result from the going conLXrn basis of preparation being inappropriate. Cash Ilow slatement The trustees have taken advantage of the exempiion in Financial Reporttng Standard No I (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Donations and grants Income from donations and Ernnts, including capital grants, are included in incoming resources when receivable. except as follows: When donors specify that donations and grants given to the company must be used in future accouiiling periods, the inc<Jme is deferred until thos¢ periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to us such income, the income is deferred and not included in incoming resources until the preconditions for use have been met. When donors specify that donations and grants, including capital grants, are for particular purposes, which do not amount to preconditions regarding entillement, this income is included in incoming resources of restricted fimds when receivable. The value of services provided by volunteers has not Ixen included. Capitg18rAnts Capilal grants are not rccognised through the statement of financial activities, rather being initially recognised as liabilities until the conditions of such grani fvnding have expired. Capital grants received are released lo the Stement of financial activities in the period over which the related capithlised assets are depreciated. Commitments and use of designated funds Designated fLwids are unrestricted funds eannarked by the trustees for particular pLrposes, Resourees expended Resources expended are included in the statement of Financial Activities on an accruals basis, inclusive or any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activitics and has been included in those cost calegories. Certain other costs. which are attributsble to more than one activity. are apportioned across cost categories on the basis of an estimote of the proportion of lime spent by staff on those activities. Flxed asgets All fixed assets arc initially recorded at cost. Assets under the course of Construction are not depreciated until th¢y are completed and bught into economic e, at which point they are transferred to the appropriate fixed asset heading.
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (¢onilN¥¢dJ Depreciation Depreciation is calculated so as to write off the cost of an asset. less its estimaled residual value, over the useful economic life of that assel as follows: Equipment - over 10 years Fixtures and fittings - over 10 years lftveslment prnpertles An investment property is an interest in land andlor buildings where the construction work and development have been completed and the interest is held for its investment potential. with any rental income being negotiated at arms length. Invesiment properties are held for ilie long tenn with the overall intention of recognising income and capilal growth for the charity. Investment properties are included in the balancz sheet at their open market value. Depreciation is not charged on investment properties as it is the current value of such properties and changes to those values ihat are the key me&sures of performance. This treatment may be a departwe from the requirernents of the Companies Act concerning depreciation of fixed assets. However, those properties are not held for consumption but for investment and the directors consider that systematic annual depreciaiion would be inappropriate. The accounting policy is, therefore. necessary for the accounts to give a true and fair view. The community resource Centre has been recognised in the financial statements as an investment property. Sto¢ks Stocks are valued at the lower of cost and net realisable value, after making due allowamce for obsolete and slow movin8 items, Fund a¢counting Funds held by the charity are either: Unrestricted genernl funds - these are funds which can be used in accordance wilh the charitable objects al the discretion of the directors. Designated ftmds - these are funds set aside by the directors out of unrestricted funds for specific futw¢ purpos¢s or proj¢cts. Restricted funds - these are fund5 that can only be used for particular Purposes within the objects of ihe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS Unrestrieted Total Funds Totsl Funds Funds 2024 2023 Fundraising income Grdnt Project funding 4,565 10,534 4.565 10.534 16,000 39,192 RENTAL INCOME Unrestricted Totsl Funds Tolal Funds Funds 2024 2023 Income from UK investrnent propcrties 64J25 64J25 76,009 FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Unre$tri¢t¢d Totsl Funds Total Funds Funds 2024 2023 Fundraising costs 5,853 5,853 4,617 COSTS OF CHAIUTABLE ACTMTIES BY FUND TYPE Unrestricted Tolal Funds Total Funds Funds 2024 2023 Community resource facilities 94,643 94,643 124,774 COSTS OF CHARITABLb ACTIVITIES BY ACTtVlTY TYPE Communlty resource Total Funds Total Funds facilitie$ 2024 2023 Community resource facilities 94,643 94,643 124,774 NET OUTGOING RESOURCES FOR THE YEAR This is stated after charging: 2024 2023 Depre¢ialion STAFF COSTS AND EMOLUMENTS There were no salaries paid to employees. during the year. 10-
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TANGtBLE FtXED ASSETS Fixtures & Fitti Equipment Total COST At l January 2024 Additions 2,068 60.902 62,970 At 31 December 2024 2,068 60,902 62,970 DEPRECIATION At l January 2024 Charge for the year At 31 December 2024 2,068 60,902 62,875 2,068 60,902 62,875 NET BOOK VALUE At 31 Deeember 2024 At 31 December 2023 10, INVESTMENTS Movement In market value 2024 2023 Market value at l January 2024 Net gains on revaluations in the year ended 31 December 2024 Market value at 31 December 2024 650,000 650,000 650,000 650,000 Historical cost at 31 D¢¢ember 2024 958.607 958,607 Analysls of Investments at 31 December 2024 between funds Total Funds Tolal Funds 2024 2023 Other investments UK Investment ProFerty 650,000 650.000 The charity's community resource centre is held in designated funds. The market value of investTnent propertylcommunity resource centre owned by Ihe Trust was assessed by Mr lan Hall, Bsc (Hons) MIUCS, of Hanna Hillen Estates on l6th June 2011. Hanna Hill¢n Estates i$ a business in which Mr David Hann4 a related party of the Trust, is involved. 11
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 11. STOCKS 2024 2023 Stock 2,000 1,000 12. DEBTORS 2024 2023 Trade debtors Other debtors 8,601 1,239 21,27S 1,239 9,840 22,514 13. CREDITORS: Amounts falllng due within one year 2024 2023 Bank loans and overdrafts Other creditors Arxruals 39,243 2S,500 1,500 50,804 25,500 2.190 66,243 78,494 14. CREDITORS: Arnounts f811ing due after more than one year 2024 2023 Bank loans and overdrafts Other long terrn loans 52,750 52,750 52,750 52,750 15. UNRESTRJCTED INCOME FUNDS BalAnce at Ouigolng 31 December resources 2024 Bg12nce at l January 2024 Ineoming resources Designated Fund - Community Resou¢ Building Fund Destgnated Fund - Community Resource Building Capital Grants (200,SOS) 79,424 (100,496) (221,57T) 769,999 569,494 769,999 79A24 (100,496) 54&422 12-
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 15. UNRESTRICTED INCOME FUNDS (¢omth#ed) The trustees have reflected the resources ]sing from and applied to the Community Resource Building as a designated fun(t The trustees have considered the aOUntIng treatments for the capital grants in light of the letters of offer received from the grant donors and, accordingly, have treated capital grants as being unrestricted, given that the community resource building is complete, but are to be accounted for as designated funds. The trustees are unaware of any "continuing use" condition attsched to any grant offers which would render such a grant as a restricted capital endowment fund. For the purposes of clarity, a separnte designated fund has been established for the ¢apiial grants received. As the community resource facility is treated as an investrnent property the designated fund is not amortised as no depreciation is charged on the building. Included within the capital grants designaled fund ar¢ grants receivable as follows.. Grant Grant Totsl Received Receivable Recognised RDC Building Sustainable Prosperity pr0me 217,512 nil 217.512 RDCIIFI Rural Developmenl Programme 237,694 19.793 257,487 Newry and Mourne District Council 200,000 200,C Office of the First Minister and Deputy First Minisler 65.000 nil 65,0(X) Altnave1] LOL Nu. 37 30,000 30,000 TOTAL 750,206 19.793 769,999 Grants receivable have been secured by a number of the fijnding bodies by way of all monies legal charges and all monies delxnture on lands and premises at Downshire Road. Newry. Included within designated fund5 is a negalive investment revaluation reserve of £308.607 (2023 £308,607). The charity has applied the alternalive accounting rules in aLtounting for it5 communlty resource centre &8 an investment property. Consequently, revalualion gains and temporary deficils are reflecled Ihrough the investment revaluation reserve. The significant change in the market value of the community resource centre has resulted in the investment revaluation reserve reflecting a negative balanc¢. However, the trustees consider that, due to the limited actlvlty in the property market and lack of finan¢¢, th¢ fall in value is not p¢rnianent. -13-
ALTNAVEIGH HOUSE TRUST (2005) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Net current ng Qerni rixed assets liabilities liabilities Total Unrestricled Income Funds 650,000 650,000 (4&828) (48,828) (52,750) (52,750) 54&422 Total Funds 54&422 17. CONTWNGENCIES The Comrnunity Resource Building fund is in receipt of capital grdnts from various public and other organisations. Certain grant providers have included claw-back provisions within the ternis of funding which could result in at le&st a proportion of the ant monies being repayable to the funder if, for exampl¢, the building was to be sold within a specified period of time from ihe date of original grant. 18. RELATED PARTY TRANSACTIONS During prior periods members of the charity's key management loaned the charity funds. At the balance sheet date the charity owed those persons £25,000 (2023 - £25,000). 19. COMPANY LIMITED BY GUARANTEE The company does not have a share rapitsl, rather being lirnited by guarantee. 14-
ALTNAVEIGH HOUSE TRUST (2005) LIMITED MANAGEMENT INFORMATION YEAR ENDED 31 DECEMBER 2024 The following pages do not forni part of the statutory financial ststements. 15-
ALTNAVEIGH HOUSE TRUST (2005) LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 310ECEM8ER 2024 2024 2023 I]YCOMING RESOURCES ACTIVITIES FOR GENERATING FUNDS Other activities for gencrating fijnds - incorne typ¢ I Project funding Grants IOW4 4,565 39,192 16,000 RENTAL INCOME Income from UK investment properties 64J25 76,009 TOTAL INCOMING RESOURCES 79,424 131.201 RESOURCES EXPENDED FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Cost of sales- Purchases S853 4,617 CHARITABLE ACTIVITIES Esiablishment - Light & heal Establishment - Repairs & maintenance Establishment - Insurdnce Establishment - Other Consultancy Molor and travel costs - Othcr Professional - Accountancy fees Legal & professional - h¢r Office expenses - Other Depreciation Direct charitsble activity l - advertising Direct charitable activity l - supervision and security DiTe¢t charitable activity l - pro8ramme management charges Direct charitable activity l - bank Charges and interest Direct ¢haritsble activity l - sundry expenses Direct ¢haritabl¢ a¢tivity l - servic¢ l¢vel aeMent costs Bad debis written off Doubtful debts 15,208 5,714 4,905 8,401 42,707 22,282 27,677 4,686 8,485 J9,995 1,027 lJ20 150 3,716 1.620 1,273 5,499 3307 748 7,250 SJ61 6,126 94,643 124.774 TOTAL RESOURCES EXPENDED 100,496 129,391 IYET OUTGOING RESOURCES FOR THE YEAR (21,072) 1,810 16-
ALTNAVEIGH HOUSE TRUST (2005) LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 2024 2023 FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Fundraising tradlng- Other activity I Cost of sales - Purchases 5,853 4,617 CHARITABLE ACTIVITIES Community ruource facilities Convnunity resourcefacilities Eslablishment - Light & heat Eslablishment - Repairs & mainlenancc Establishmenl - Insurance Estsblishment - Other Consultancy Motor and travel costs . Other Professional - Accountancy fees Legal & professional - Other Office expenses - her Depreciation Direct charitable activity l - advertising Direct charitable aclivily l - sup¢rvision and 5Kurity Direct charitable activity i - programm¢ management charges Direct charitable activity l - bank charges and interest Direcl charitsble aclivity l sundry expenses Direct charitable aaivity l - service level agreement costs Bad debts written off Doub¢ful debts 15,208 5.714 4,905 8,401 42,707 22,282 27.677 8,485 39,995 1,027 la20 150 3,716 1,620 1273 5.499 3.207 748 7,250 Sa61 6,126 94.643 124,774 17-