Company Reg18tration Number: N1039135 Charlty Number: 105583 Futureproof INC Ltd IA company Ilm1t by guarnntsfr, not hwlng a Share upltall Annual Report and Unaudlted Flnancial Statements for the financlal year onded 31 March 2024 Paul Hagerty & Co Chartered Accountants 11 The Square Ro$trevor Co Down BT34 3AZ
Futureproof INC Ltd (A company IlmSted by guarant••, not havlng a share capital) CONTENTS Page Referen and Administrative Information Directors, Annual Report Statement of Directors, Responslbilities Independent Examinerfs Report Statement of Financial Activltles Balance Sheet Notes to the Financial Statements 10-14 Supplementary Information relating to the Flnanclal Statements 16
Futureproof INC Ltd (A company Ilmited by guaranteg, not havlng a sharn ¢apltall REFERENCE AND ADMINISTRATIVE INFORMATION Dlrectors James Leneghan Cathal Fegan John Mccartan Company Se¢retsry Craig Cook Charlty Number In Northern lrnland 105583 Company Reglstratlon Number N1039135 Regl8tered Office 15a Commerclal Road Banbrldge Co Down BT32 3ES Northem Ireland Ind•p8ndent Examlner Paul Hagety & Co Chartered Accountsnts 11 The Square Rostrevor Co Down BT34 3AZ
Futureproof INC Ltd IA company limited by guarantee, not having a share capltal) DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2024 The dlrectors present their Directors, Annual Report, comblnlng the Directors, Report and Trustees, R8POrt. and the unaudited financial statements for the financial year ended 31 March 2024. The financial Statements are prepared in accordance with the Companies Act 20(. FRS 102 'The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charttles= Statement of Recommended practi applicable to charities preparing their finanoal statements in accordanc8 vAth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Directors, Report contsins the Inforniation required to be provided in the Directors, Annual Report under the Statement of Recommended Practlce (SORP) guldelines. The dlre¢tors of the company are also charity trustees for the purpose of charity law and under the compan$ consthutlon are known as members of the board of Irustees. In thls report the directors of Futureproof INC Ltd psent a summary of Its purpose, govemance. activities. a¢hlevements and finances for the financial year 31 March 2024. The company is a reglstered charity and hence the report and results are pr8sented In a form which complies with the requirements of the Companie$ Act 2008 and, although not obliged to comply with the Statement of Recommended Practice applicable In the UK and Republlc of Ireland FRS 102, the organisation ha8 implemented its recommendations where relevant in these financial statements. Ml8slon, Oble¢tlve8 and Strategy ObJectlve8 ObJectlve8 are lo promote the benefit of the inhabitants of Nl and Ft'8 envlrons (the "ere8 of benefiv,) without distinctlon of sex, race or political, religious or other opinions by associating with the slalulory authorities. voluntary org8nisatlons and Inhabltants in a common effort lo advance education and provide fadlilies In the Interests of social welfare for recreation and other lelsure time occupations with the object of improving Ihe conditions of life for said Inhabilanls. Rovlew of Actlvltles, Achlevements and Perfomianc• The main achi8vem8nt was the continued successful delivery of the Publlc Health Agenw funded Youth Engagement S8Nice (YES) formerly One Stop Shop project, based In Banbrfdge wlth outreach In Craigavon. Over 2,600 young people (11-25yrs) benefilted from the social and recreational facilities end he8lth and well-being signpostlng and support covering a range of issues including drugs and alcohol, mental heatth, sexual health, employabllity 8nd personal development workshops and one to one support. 128 young people were referred to 8peclallst support servlc88 addressing health and well being issues with many of the support servlces uslng our premlses, free of charge, for serrfice delivery. We delivered educatlonal workshops on personal development end drugs and alcohol to young marginalised young people In Newry in partnershlp wlth Newry and Mourne Enterprlse Agency on the Work 4 U Plus programme. FutureProof is the current Chalr of the Chlldren and Young People Strategic Planning group for the SHSCT area and attend the Locality Planning meetlngs whlch have proven very beneficial for neorking and disseminating information and 98ining information about programmes and seryices operating in the ABC area. Dunlew8y Addiction Services continues to be a valuable partner, delivering their DA-FACTS Project (counsellinglm8ntoring, brief interventions, information and support for 11-25-year old's who are affected by Substan misuse) from our centre each week. PIPS Protect Lrfe Couns8llor continues to provide counselling sesslons from our centre on an as needs basls. The GEM project whlch provid8S SUPPOrt for people expérianung substance mtsuse problems and funded by the Southern Health and Soclal Care Trust was discontinLted at June 30 due to a change in Serv1 delivery and re- tendering.. Flnancial Revlew The financial slatements are presented in the standard formal required by the Companies Act 2006 and the Charities Sorp. The Statement of Financiol Activities (SOFA) shows the gross income from all sources Flnanclal Results At the end of the financial year th8 company has assets of £32.666 (2023 - £24,372) and Ilablllties of £4,120 {2023 - £1,504). The net assets of th8 company have increased by £5.678.
Futureproof INC Ltd IA c¢)rnpany limitod by guarantoe. not having a share capltall DIRECTORS, ANNUAL REPORT for the finanLyal year ended 31 March 2024 Directors The directors who served throughout the financial year, except as noted, w8r8 as follows.. James Laneghan Calhal Fegan John Mccartan The secretary who served durlng the flnandal year was: Craig Cook ComplIan wlth Sector-wide Leg181atlon and Standard8 The company 8ngag8s pro-actiV81y with legislation, standards and cod88 which ar8 developed for the sector. Futureproof INC Ltd subscribes to and is compliant with the following.. The Companies Act 2006 The Charilles SORP (FRS 102) Appro dbyt ard of Dlre¢tor8 on 23 December 2024 and slgned on It8 bohalf by: rnes Lenegha
Futureproof INC Ltd (A Company Ilmlted by guarant••. not havlng a share capital) STATEMENT OF DIRECTORS. RESPONSIBILITIES for the finandal year ended 31 March 2024 The directors are responsible for preparlng the financial statements in a¢cordanGe with appltcable law and regulations. Company law requlres the diredors to prepare financial ststements for eath finanGial year. Under that law the directors have elected to prepare the financial statements In 8rdance wllh United Kingdom Generally ACpted Accounting Practice (United Klngdom Accounting Standards and applicable law) induding FRS102 Yhe Finanoal Reporting Standard applicable in the UK and Republlc of Ireland,. Under company taw the directors must not approve the fin8ncial statements unless they are sallsfied that they gNe a true and fair view of the state of affairs of the cofflpany and of the net income or expendlture of the company for that period. In preparing these financial st8tem6nts, the dlrectors are required to: select suitable accountlng policies and apply them consistently; make ludg8menls and estimates that are reasonable and prud8nt; state whether the financial statements have been prepared in accordance wlth the relevant finandal reporting framework, Identify those standards, and note the effect and the reasons for any materlal departure from those standards: and prepare the financial statements on the going concern basls unless tt 18 Inappropriat8 to pre8Ulrn that the company will continue in operatlon. The dir8Ctors confimi that they have complied wlth the above requlrements in preparing Ihe financial statements. The directors are responsible for keeplng adequate 8ccounting records that are sufflclenl to show and explain the company's transactions and disclose wlth reasonable accuracy at any time the financlal position of the company and 8nable them to ensure that the financlal ststements comply with. They are also responsible for safeguarding the asséts of the company and hence for t8klng re880nable st8ps for the prevention and detection of fraud and other Irregularilie8. App, ved by the oard of Dlrnctor¥ on 23 December 2024 and 8lgned on Its b•half by: es Lenegh u$tee
Futureproof INC Ltd IA ¢ompany limited by guarantee, not having a shale Gapitall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF FUTUREPROOF INC LTD We have examlned the financlal statements of the company for the Ilnancial year ended 31 March 2024, which comprlse the Statement of Financial Activities (incorporating an Income and Expenditure Account). the Balan Sheet and the related notes. This report is made solely to the companls members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to complle. report lo the Board of Diredors that we have done so, and state those matter8 that we have agreed to stale to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the compan5 members, as a b¢>Jy, for our work, or for thls report. Respectlve re8pon81bllltl8$ of dlractorn and examlner The company's trustees (who are also the dlrectors of the company for the purposes of company law) are responsible ft)r the preparatlon of the financlal statements In accordance with the r8quir8m8nts of the Companles Act 2006. The ¢omp8ny's dlrector8 consider that an audlt Is not requir8d for this finandal yèar under Chapter 3 of Part 18 of the Companies Act 2006 and that an Independent examlnatlon is required. It 18 our responslblllty to: examlne the Ilnanaal statements under section 85 of the Charfties Act: follow the procedures18ld down by the gener810lrectlon8 glven by the Chality Commission for Northem Ireland under section 65(9)(b) of the Charities Act- and stste whether partlcular matters have come to our attentlon. Ba818 of Independent examln•¢8 r•port We have examined your company financial statements as requlred under Section 65 of the Charltie8 Act and our examlnatlon was carried out in accordance with the general Dlre¢tlons given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. An examlnatlon includes a review of the accounting records kept by the company and a comparison of the financlal stalements presented with those records. It also includes conslder8tion of any unusual items or disclosures In the flnanc181 ststements and seeklng explanations from the dlrectors conceming any such m2tter$. The procedures undertaken do not provlde all the evlden¢e that would be rèqulred In an audit and con88qu8ntly no opinion is given as to whether th8 accounts present a 'true and fair, view and the report Is Ilmlted to those matters s8t out in the statement below. In connectlon wlth our examination, no matter has Come to our 8ttentlon whlch gives us cau80 to believo that in. any materi81 respect: accountlng reCrdS w8r8 not kept in accordance with secllon 386 of the Companies Acl 2008 Ihe financlal ststements do not accord with those accounting records the financial statements have not been prepared In accordance with the accounting requirements of section 396 of the Companies Ad 2006 and with the methods and prlnclples of the Statement of Recommended Practice appli¢able to chariti8s pr8paring their accounts in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS102) there Is further information needed for a proper understandlng of the accounts to be reached. Independènt examlner's statsment We have no concems 8nd have come across no other matters in connection wlth the examination to which attention should rawn in is report In order to enabl8 8 proper understsnding of the finandal statements to be reached. PAUL HAGERTY & CO Chartered Accountants 11 The Square Rostrevor Co Down BT34 3AZ Date: 23 December 2024
Futureproof INC Ltd IA Gornpany Ilmlted by guarantee, not havlng a share capltal} STATEMENT OF FINANCIAL ACTIVITIES Ilncorporallng an InGom• and Exponditure AG¢ountl for the finanaal year ended 31 March 2024 Unrestrlcted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Not88 In¢omlng Resources Voluntary Income Charitable activities - Grants from governments and other CO•funders Other income 1,800 1,800 640 640 1,150 1,150 143,455 143,455 165.934 165,934 Total In¢omlng r••our¢e$ 2,440 143,455 143,895 1,150 185.934 187,084 Re8our¢e• Expend•d Charitable activities 137,874 140.217 6.244 160,979 167,223 Net Incomlngloutgolng re8ource8 before transfers 5.581 5.678 (5,094) 4.955 (139) Gross transfer8 betrieen funds Net movement In fund• for the flnanclal yeor 97 5,581 6,878 (5,094) 4,955 (139) Re¢on¢lllatlon of fund8: Total funds beginning of the year 11 10,887 11,981 22,868 15.981 7,026 23,007 Totsl funds at the end of tho yoar 10,984 17,562 28,546 10.887 11,981 22,868 The Statement of Fln8nclal Actlvilies indudes all gains and losses recognl8ed In the flnandal year. All Income and expendlture relate to continuing activities. The note5 on pages 10 to 14 form part of the financial stslemenls
Futureproof INC Ltd (A company Ilmltèd by guarantee. not havlng a share capitsl} Company Number.. N1039135 BALANCE SHEET as 8t 31 March 2024 2024 2023 Note8 Flxed Assets Tangible assets 1.056 Current Assets Cash at bank and in hand 31.821 23,318 Credltors: Arnounts falllng duo wlthln on8 year (4.120) (1.504) Net Currgnt A8•ets 27,701 21,812 Total A88ets I8 Currerrt Uablllt108 28,546 22,868 Fund8 Restricted tru8t funds General fund {unreslricled) 17,562 10,984 11.981 10,887 Total fund8 11 28,546 22.868 These financial statements have been prepared In accordance with the special provlslon5 relatlng to small companle8 wlthln Part 15 of the Companies Act 2006. For Ihe financial year ended 31 March 2024 th8 company was entitled to exemptlon from audit under section 477 of the Companies Act 2006,. and no notlce has been deposited under sectlon 478. Th8 directors confinn that the members have not required the company to obtain an 8udlt of Its financial statements for the financial year in questlon In accordanca with section 476 of the Companles Act 2006. The directors acknowledge their responslbilities for ensurlng that the company keeps accountlng recordg whl¢h Comply with sectlon 386 and for preparing financial stalements which give a true and fair view of the slate of affalrs of the company a8 at the end of the financial year and of its profit and loss for the financial year in accordance with the requiremgnts of sectlons 394 and 395 and which otherwise comply with the requlremenls of the Companies Act 2006 relating to financial statements. so far as applicable to the cornpany. Appro by dbythe ard of Dlrèctorn and authorf8ed for186ue on 23 December 2024 and 81gned on Its behalf es Lenegh stee The notes on pages 1010 14 foTh part of the financial ststements
Futureproof INC Ltd {A company Ilmltsd by guarantee, not havlng a share upital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Futureproof INC Ltd Is a company limlled by guarantee incorporated in Northern Ireland. The registered office of the company IS 15a Commercial Road, Banbridge, Co Down, BT32 3ES, Northern Ireland whith is also the principal place of business of the company. The financial statements have been presented in Pound Sterling <£> whlch Is also the fun¢lional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied conslstently In dealing with items which are considered material in relation to the charity's flnancial statements. Basls of preparatlon The financial stslements have bèen prep8r8d on the going concern basis under the hlstorical cost convention, modlfled to include cert8in items at falr value. The finan¢lal statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reportlng by Chariti88 preparing their accounts in accordance wlth th8 Financtal Reportlng Standard applicgble In the UK and Republic of Ireland FRS 102" As perniitted by the Companles Act 2006, the company has varfed the standard formats In that ad for the Statémgnl of Flnancial Activities and the Balanc8 Sheet. Departures from the standard forma18 are to comply wlth the requlrement8 of the Charitie8 SORP and are In compllance with $8¢llon 4.7, 10.8 and 15.2 of that SQRP. Statement of ¢ompllance The finarbdal sta18m&nts of the company for the financlal ye8r ended 31 December 2017 have been prepared on the golng concern ba8is and In accordance wlth the Slalemenl of Recommended Pr8Cti¢e (SORP) "Accounting and R8POrtlng by Charflies preparing Ihelr acLounts in accordance with the Finandal Reportlng Standard appllcable in the UK and Republlc of Ireland FRS 10Z'. Cash flow statsment The company has avalled of the exemption In FRS 102 from Ihe raqulrement lo produce a c8sh flow statement b8cause It is cla8$1fied as a small company. Incomlng Re80urce8 Voluntary income or c8Pltal 18 Includèd In the Statement of Fln8noal Actlvlties when the company is legally entllled lo it, its flnanclal valug can be quanllfied with reasonable certainty and there 1$ reasonable certainty of its ullSmate recelpt. Enllllement to legacles Is consirjered establlshed wh8n the company has been nolffied of a dlstrfbulion lo be made by the executors. Income recetved In advanc8 of due performance under a contract Is accounted for 88 def8rr8d income untll earned. Grants for activi118s "are recognlsed as income when the related conditions for legal 8nlillement have been met, All other Income is accounted for on an accruals basis. Income from charltable actlvltles Income from charitable 8clivilies include Income eamed from th8 supply of services under contractual arrangements and from perform8nce related grants which have conditions that specify the provlsion of particular seiceS to be provided by the company. Income from government and other ¢funderS is recognlsed when the company is legally entllled lo the income because it is fulfilling the condltlons contalned in the related funding agreements. Where a grant is received in advanc8, its recognltlon Is deferred and included In creditors. Where entltlemènt occurs before income Is reIved, it IS 8¢crued In debtors. Grants from governments and other co-funders tyPIlty include one of the following types of conditions.. Perfonnance based conditions.. whereby the company is conlradually entitled lo funding only io the extent that the core objective5 of the grant agreement are achieved. Where the company is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income. -Time based conditions.. whereby the company is contractually 8ntitled to funding on the condition that it is utillsed in a particular period. In these cases the company recognises the income to the extent it is utili8ed within the period specified in the agreement. In the abseno of such conditions, assuming that receipt Is probable and Ihe amount Can be reliably measured. gnI income is recogni88d once the company is notified of entitlement. 10
Futureproof INC Ltd {A company IlmSted by guarantse, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2024 Grants reiVed towards capÈlal expenditure are credited to the Statemerrt of Financial Activities when recelved or re1Vable. whlchever Is eadier. R88ourc88 Exp8nd8d All resources expended ere accounted for on an a{rualS basis. Charitable activities include costs of servtces and grants, support costs and depreciation on relaled assets, Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity a allocated or apportioned provrata to the stsffing of the relevant service. Finance, HR, IT and administrative stsff Costs are directly attributable to individual arAivities by objectlve. Govemance costs are those associated with constitutional and statutory requirements. Tangible fixed assets and depreclation Tangible fix8d assets ar8 statad at Cost or at valuation, 18ss accumulatad depreciatlon. The charge to d8pr8clation is calculated lo write off th8 orlglnal cost or valuation of tanglble fix8d assets, 18SS thelr estimat8d r8sidual valu8, over their expected us8fv1 liv8s as follows: Flxtures. fittings and equlpment 20% Redudng balance Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon and deferred laxatlon No current or deferred taxation arises as the company has been granted charltable exemptlon. Irrecoverable valued added tax18 expen88d as incurred. Deferred tax 18 reo)gnised in respect of all timing differoncgs that have orlglnated bul not reversed 81 the balance sheet dale where transadions or events have occurred at that date th8t wlll result in an obllgalion to pay more tax In the future, or a right to pay less tax In the future. Timing differences are temporary dlfferences belween the Companys tax8ble Income and its results as staled In the financlal statements. Deferred tax is measured on an undiscounted b8sI$ at the tax rates that are anticipated to apply In the periods in which the timing differences are expected to reverse. based on tax rates and laws that have been enacted or substantively enacted by the balance sheet dale. INCOME DONATIONS AND LEGACIES Unrestrlcted Re8tr1¢ted Fund8 Funds 2024 2023 Donations and legacies 1,800 1,800 CHARITABLE ACTIVITIES Unrestrl¢ted Restrlcted Fund8 Funds 2024 2023 Grants from governments and other co-funders: Sundry Income 640 1,150 OTHER INCOME Unrestrfctsd Restrfcted Funds Funds 2024 2023 Grants Received 143,4S5 143,455 165,934 EXPENDITURE 11
Futureproof INC Ltd {A Gompany Ilmited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS ntlnued for the financial year ended 31 March 2024 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Charitable Costs 417 211 139,589 140,217 167,223 SUPPORT COSTS Charltable Actlvities 2024 2023 Gen8r81 Office Accountancy Servlces Salaries & Wages 29,955 3,420 106,214 29,955 3,420 106,214 39,062 3,120 112,967 139,589 139,589 155,149 ANALYSIS OF SUPPORT COSTS 2024 2023 Generai Office Accountancy Services Salaries & Wages 29,966 3,420 106,214 39,082 3,120 112,967 139,589 155,149 NET INCOMING RESOURCES 2024 2023 Net Incomlng Resourc08 are 8tatsd after charglngllcredltlng): Depreciation of tangible assets 211 264 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2024 2023 Wag8s and salarles Pension costs 101,210 5,004 108,944 4,023 106,214 112.987 12
Futureproof INC Ltd IA company lknltgd by guarante8, not havlng a share Gaplial) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 TANGIBLE FIXED A88ETS Flxiure8. fittFngs and gquipment Totsl Cost At 31 Mah 2024 45.869 45,869 Depreclatlon At 1 April 2023 Charge for the financial year 44,813 211 44.813 211 At 31 March 2024 45,024 45.024 Net book valuo At 31 March 2024 845 At 31 March 2023 1,056 1,056 CREDITORS Amount8 falllng du? wlthln on? y•ar 2024 2023 Taxation and 8oclal security costs Ac¢ru818 and deferred Income 1,620 2,500 1,000 4,120 1,504 10. RESERVES 2024 2023 Al the beginnlng of the year Surplusl{Deficit) for the flnanaal year 22,868 5,678 23,007 (139) At the end of the year 28,546 22,868 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Re8trlcted Fund8 Fund8 Total Fund8 At 1 April 2022 Movement durfng the finanaal year 15,981 (5,094) 7,026 4.955 23,W7 (139) Al 31 March 2023 Movemènt during the financral year 10,887 97 11.981 5,581 22,868 5,678 At 31 March 2024 10,984 17,562 28,548 13
Futureproof INC Ltd (A company Ilmlted by guarantee, not havlng a share upital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers batw8en fund$ Balance 31 March 2024 Restrlcted funds Restrided Fund Unrestricted funds Unrestrl¢led Funds 11,981 143,455 137,874 17.562 10.887 2,440 2.343 10,984 Total fund8 22,888 145,895 140,217 28,546 11.3 ANALYSIS OF NET ASSETS BY FUND Flxod assets - charlty use Currnnt a88et8 Curront Ilabllltle• Total Restricted trust funds 20,882 (3,120) 17.562 Unrestricted general funds 11,139 11,000} 10,984 845 31,821 (4,120) 28,548 12. STATUS Th8 company Is Ilmited by guarantee not having a share capital. The liabllrty of the members Is Ilmlted. Every member of the Company undertakes to contribute to the a8set8 of the company in the event of its being wound up whlle they are member¥, or within on8 year thereafter, for the payment of the delAs and liabilitl8S of Ihe company contracted before they ceased to be members, and Ihe costs, charges and expens8s of winding up. and for the adjustment of the rights of the contributors among themselv65, such amount as may be required. not exceeding £ 1. 13. POST-BALANCE SHEET EVENTS There have been no slgnifieanl events affeding the Charity since the tlnanclal year-end. 14
FUTUREPROOF INC LTD (A company Ilmlted by gu8r•nt•8, not havlng a shar• rApltal) ARY RELATING T THE FINANCIAL STATEMENT 15
Futureproof INC Ltd (A Company Ilmlted by guarantse, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operaling Statement for the financial year ended 31 March 2024 2024 2023 Income 145,895 167,084 Cost of generatlng funds Direct costs 967 956 967 956 Gro88 8urplu8 144,928 166,128 Expons Wages and 88larles Staff defined contrlbutlon pen8lon costs Rent payable Fadlllallon Expenses Insurance Llghl and heat Prlnting, postag8 and stationery Advertising T818phone Computer cost8 Travelling and entertalnment Legal and professlonal Accountancy Bank charges Bad d8bts General expenses Registration Fees Depreciation Charitable donations 101,210 108.944 4.023 14.049 5,948 3,130 3.197 657 132 1,458 12,192 3,200 3,212 2,719 296 2,058 851 3,487 750 3,420 168 4,595 3,120 250 434 5,300 225 139,250 166,267 Net 8urplu81ld&flclt) 5,678 {139) The supplementary infomiation does not form part of the finanrial statements 16