REGISTERED COMPANY NUMBER: SC515094 (Scotland) REGISTERED CHARITY NUMBER: 047212 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR SPEYSIDE YOUTH Ritsons Chartered Accountants 15 B0die Street BaThff AB45 IDY
SPEYSIDE YOUTH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees IDd¢p¢ndent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 14 Detailed Statement of Financial Activities 15 to 16
SPEYSIDE YOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trnstees who are also dtrectors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charkty for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aiJns The organisation's purposes are: To advance citizenship and cornmunity development through, - Establishing a community hub (Youth Café) in Dufftown to offer a wide range of projects and activities primarily for the benefit of young people living within Dufft0 and the Speyside area; - The promotion of a code of behaviour for all attendees of the Youth Café. Establishing a Youth Committee that make strategi¢ decisions regarding the vision and activities of Speyside To provide all aspects of personal development for all young people who are membeTS of Speyside Youth through one-on-one support with trained youth workers, and providing learning experiences through team-based activities social enterprise, and volunteering for other local groups. To provide a safe and tnclusive place where young people primarily living within Dufftown and the Speyside area are able to meet and socialise away from the pressures of drugs. alcohol and gambling and to provide personal and social development opportunities for all young people. To advance public participation in sport and physical activity through organised activities. Provide recreational facilities and the organisation of recreational activities outside of the Youth Café with the object of improving the conditions of life for the youth of Dufftown and Speyside. Page I
SPEYSIDE YOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE Charitable activities Youth Cafés: We provide 2 weekly Youth Cafes at Dufftown Coll]munity Centre. Youth Cafes are at maximum capacity with small waiting lists for each night. Tuesday P7 cafés have 42 attendinglFriday Sl upwards cafes have 50 attending. The 8 members of the Youth Committee (S2-S6) continue to plan and host theme and taster session nights throughout the year where young people can ty new activities and gain new skills or interests like Warhammer nights, Rugby, Drama and Escape room experieiices. Youth committee: Crucial to the developinent of the Youth Cafe activities and the way forward for Speyside Youth is detennined by feedback, ideas, and opinions of our youth committee. They ensure Speyside Youth is a Youth-Led organisation and on youth café nights they gather the views of the young people and use an ideas board for activity and other suggestions. The youth committee focus on the activity schedule for the youth café evenings and then in turn, the trustees raise th¢ funding required to facilitate their choices. They also vote and make suggestions of other projects to support or develop. On returning to youth café sessions following the sunmner school breaK our latest youth Committee were voted in. From a total of 8 young people, 4 returned for a 2nd year. with 4 newly appointed. We PTovide taster sessions on various Speyside groups and activities for young people to ty out like dance fusionlrifle club/ art workshops etc. Youth Committee either volunteer OT are assigned to taskslproje¢ts that are aligned to their strengths or areas of interest or development. Tliey have review meetings with the Youth Work team where they discuss th¢ir skills, training & plan way5 to rther develop. P7's Transition work: There are 3 main strands of this work.. Aetivity Days: As part of Speyside High School (SHS) Primary 7 transition work we fLd and support Outfit Moray outdoor activity days over the summer. These team building trips teach new skills while building up confidence and resilience and allowing opportunities for the young people to mix and learn with P7's from the 7 other feeder prinw schools. Thi5 year we funded 70 spaces and the P7's chose raftin& paddleboarding and coasteering Step Out At Speyside.. Youth Comtnittee and Youth Workers annually support the Step Out At Speyside High Transition 11 day Event (SOAS) in June and this year in partnership with Moray Council Youth Work we led and supported 2 of the 6 workshops. We provided well-known and friendly faces as we hosted the Outdoor Activities of fire lighting, fe pit mallow toasting. tearn games, woodland art and the 'Grill a highschooler, activity where P7's put Speyside Youth young volunteers under the heat and ask them burning questions about life at SHS. Lunch Hub SHS.. Youth Workers and Speyside Youth young volunteers offer this hub as a safe space to meet up, chill. play games, eat, and chat at Lunchtime. It is available for all new Sl's from August throughout their first year. Skills Develo menÈ&O ortuniti¢s A few of the different opportunities we offered this year included - Volunteering & Community Involvement Opportunities are offered to young people to race marshal, man stalls, get involved in projects and serve at local events and with different community organisations. -Duffiown Comrnunity Centre: Involvement in upgrading & other aspects of our Community Centre -DufftoMTr Trust - Joint MUGA (Multi Use Games Area), ProjecLI Monthly Farniers Market -Keith and Dufftown Railway - Volunteering at railway events -Dramathon - Race marshalling 1093 runners at a local nlnning event -Fundraising events Page 2
SPEYSIDE YOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Projects & Safe Spaces Young people are encouraged to drearn, plan, and explore any projects they want to see and make happen for young people in their local communities. Over the last year this has involved Yolllh Committee and young people researching, plannin& and filling in funding applications to develop more youth friendly safe spaces. Projects completed this year were 'The Meadow, creating a space in the garden area at the beginning of the Youth Café session where young people can access a Peer Mentor trained Young Volunteer to talk with and be heard. Our ongoing safe space projects are a cosy corner in the pool loom. peer mentoring expansion to Dufftown Community Centre garden shelter and the MUGA joint project with Dufftown Trust. Drama New this year in collaboration with Highland Youth Theatre we hosted taster sessions and helped facilitate the re-launch of a Driima Hub in Aberlour with support from Speyside Youth young Volunteers. Excitingly this led onto drama employment and opportunities for one of the volunteers. Sport taster sessions We have Tecently been accepted as a Sported Member group for our promotion of sports. This year we were able to provide various taster sessions and opportunities for young people to get involved in a new interest or sport. Our sport range this year has included.. Martial Arts, Rugby, Pickleball, Volleyball and Dance. Parkour With our Ignotus Parkour partnership we have been able to fund and support the pur¢hase of new equipment for the Speyside Hub. Dufftown based sessions have now increased to twice a month. The ParkouT trails within the MUGA plans look great on the CAD Design and we are hopeful that 2025 will be the MUGA build year. Training Youth Scotland Big Weekend: Speyside Youth Committee and Young Volunte¢r$ attended this in Stirling for the I st time joining 220 n¢twork meinbers for a weekend of wide-ranging tralning and workshops from Special Effects makeup, Tik Tok dance to evaluations and young persons engagement in d¢cision Making. Great times and good memories alongside requests to return n¢xt year. RFYW SCQF Level 2.. One young volunteer travelled to Aberdeen to complete the Ready for Youth Work Qualification and was inspired to apply for the PDA. PDA in Youth Work SCQF Level 6: One young volunteer currently completing this and another on the list for 2025. We seem to b¢ growing Youth Workers from within! Peer Mentoring.. VaLuable training undertaken by 8 Youth Committee & Youth Workers. Challenging Behaviour Training: Young Volunteer5 and Youth Work Team. Mikeysline.. TTaining in Suicide and Self-harm for Youth Work Team. Neurodiversity & Mental Health training.. Young Volunteers and Youth Workers training. First aid: Speyside Youth funded 5 Young Volunteers and Youth Workers to gain a SCQF Level 6 First Aid Certificate boosting skills on Youth Cafe nights as well a5 CV'S. Saltire Awards.. The Youth Committee and Young Volunteers have achieved various Saltire Awards foi volunteering and this year the new collective total is 10,689 hours. There are 5 current volunteers who have achieved the 500 hours Saltir¢ Volunteer award. We continue to be hugely grateful and appreciative of OUT volunteers, both young and older who allow Speyside Youth to keep on keeping on. Parenucarer and young people support This remains an expanding and developing area as we see an increase in young people and families requiring support and guidance with a wide variety of needs. The Youth Work team offer support, information and signposting and offer young person support on a l-l basis in a variety of differeiit formal and infornlal settings. Page 3
sPEYsE YoirrH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Fundin We had a site visit from the William Grant Foundation which offered an excellent opportL]nity for constructive, infonnative 2-m.ay discussions with staff, Trustees, and our Yoiiih Committee. Th¢y were very inipressed with all the hard work and dedication to our young people, from both our tcam of youth workers and youth committee alike. During 2024, applications were made to The National ttery[YOUng Star4 EDFIDornell via Foundation Scotland, arAd the William Grant Foundation as our current funding aTh'ards were due to end March 2025. AII 3 applications were for equall}. matched funding for the next 3 years, all were su¢cKssful and gratefully received, and will take us through to March 2027. We also benefittcd fTnlii i"arious local fundraising events throughout the past 12 months Kncluding an outstanding personal effort from ho scaled Kilimanjaro, Youth Scotlan<L and Dramatbon. At the end of March 2025, the Current account balance was £81.671.03 which includes a payment of £21,500 from one of the 3 funders mentioncd above. Our reserves savings account currently sits at £51.509.09. FUTURE PLANS Our main focus remains to keep quality and supportive interactions with young people aldst th¢ ever changing and incr¢asing thalLenges. To keep developing the Youth Work team within the fluid nature of Speyside Youth. STRUCTUKE. GOVERNANCE AND MANAGEMENT Governing document The charity is eontrolled by its governing docuJnenL a deed of trust, and Constitutes a limited company, limited by guarantee, as defmed by the Companies Act 2006. A5 Speyside Youth are a registered SCIO, our governing docutnent is by Constitution. Recrultment and appointment of new truslees There have bcen no chaiiges to our trustees during the past financial year. Trustees are nominated and appolnted from our membership, usually at an AGM. The trustees revicwcd our ConstitIOn document to ensure it still meets the nccds of the charity and accur4ilely reflects what we do. It agreed no changes were required at this time. "rhe risk register was also reviewcd and is being revised to reflect the need for drivers to include "business use on car insuTaJice. Following a r¢coinmendalion from one of our fLders, we iiow also have 8 Reserves Policy in place. StA(r recruilment One of our youth workers left following their period of adoption leave. Speyside Youth also recruited another team member in Sepieinber taking our peni)anent staff numbcrs to 5. Our youth work team also currently includes 3 sessional 'orkers, and several local volunleers make up ihe Sng required lo run Speyside Yout Workin with Ihe Communit We coiitinue to dcvelop a gTood working relalionship with the Dufftowj Cornmunity Centre group as without thc Spey8ide Youth wouldn't have a place to call hom¢. Youth worker 2024 has s¢¢n continiies to represent Speysidc Youth as an active member of the Commwiity Centre group and l¢*l" Iinprovements made to both the ind¢Jor and outdoor spaces. REFF,RENCE AND ADNIIMSTRATIVE DETAILS R¢gi8tercd Coinpany number SC515094 (Scotland) R¢gi5tcred Charity number 047212 Page 4
SPEYSIDE YoirrH RF.POR T OF THF. TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Company Secretary 15 Bo)'ndi¢ Street Banff AB45 1 DY Approved by order of the board of trustees on.................................. .......... and signed on its behalf by: Page 5
INDEPENDENT EXAM INER'S REPORT TO THE TRUSTEES OF SPEYSIDE YoirrH Independent examiner's report to the trustees of Speyside Youth ('the Company,) I report to the charity tru5tccs on my examination of the accounts of the Con)pany for th¢ year ended 31 March 2025. Respor]sibilities and basis of report As the charity's trustees of the Company (&nd also its dir¢ctors for the PUTpose5 of company law) you ar¢ rcsponsibl¢ for the preparation of the accounts in accordance with the requir¢llnts of the Companies Act 2006 ('thc 2006 Art,). Having satisfi¢d myself that th¢ accounts of the CoTnpany ar¢ not required to be audited under Part 16 of th¢ 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charitics Act 2011 ('thc 201 l Act,). In carTring out my exa]nination I have followed the Directions given by the Clwity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have coinpleled my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Cotnpany as requtred by Section 386 of the 2006 Act" or the accounts do not accord witli tliose records; or the accounts do not comply with the accounting requtrements of Section 396 of the 2006 Act other than any requirement that th¢ accounts give a true atid fair view whith is not a matt¢r considered as part of an independcnt examination. or the accounts have not been prepaL'ed in accordance with the methods and principles of the Statement of Reconm]ended Practi for accounting and reporting by charities (applicable to charities preparing their accounts in accordance wilh the Financial Reportitig Standard applicable in the UK and Republic of Ircland (FRS 102)). I have no concerns and have come across no olher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper undersLding of tbe accounts to be reached. Rit.qoiis Cliartered AccounLallts 15 Boyndie Street Banff AB45 IDY Page 6
SPEYSIDE YOUTH STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,736 1,736 550 Charitable aetivities Youth Club 67,300 67,300 64,250 Other trading activities Investment income 6,809 1,264 6,809 1,264 7,337 245 Totsl 77,109 77,109 72,382 EXPENDITURE ON Raising funds 9,592 9,592 6,910 Charitable activities Youth Club 52,884 52,884 42,377 Total 62,476 62.476 49,287 NET INCOME 14,633 14,633 23,095 RECONCILIATION OF FUNDS Total funds brought forward 119,910 119.910 96.815 TOTAL FUNDS CARIUED FORWARD 134,543 134.543 119.910 The notes forn] part of these financial statements Page 7
SPEYSIDE YOUTH BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted fund Restrieted fund Notes FIXED ASSETS Tangible assets 1,740 1,740 1,700 CURRENT ASSETS Stocks Debtors Cash at bank and in hand loo 203 133.200 loo 203 133.200 loo 1,996 116,714 133,503 133,503 118,810 CREDITORS Amounts falling due within one year io (700) (700) (600) NET CURRENT ASSETS 132,803 132.803 118,210 TOTAL ASSETS LESS CURRENT LIABILITIES 134,543 134.543 119.910 NET ASSETS 134,543 134,543 119,910 FUNDS Unrestricted funds 134,543 119,910 TOTAL FUNDS 134,543 119,910 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fanCIal year and OF its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of ihe Companies Act 2006 relating to fmancial statements, so far as applicable to the charitable company. (b) The notes fomi part of these fmancial statements Page 8 Continued...
SPEYSIDE YoufH BALANCF. SHF.F.T- continued 31 MARCH 2025 These financial statements have been pr¢par¢d in accordanc¢ with the provisions applicable to charitable companies subje¢t to the small companies regim¢. The finan¢ial statements were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by: OD The notes forn] part of these financial stalements Page 9
SPEYSIDE YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The fInancial statements of the charitable conipany, which is a public benefit eiitity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charlties: 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) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fllwicial stateinents have been prepared undeT the historical cost convention. INCOME All income is recognis¢d in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the in¢onie will be received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it Is probable that a transfer of econoinic benefits will be required in settlement and the amount of the obligation can be measur¢d reliably. Expendithre is accounted for on an accnjals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off ¢a¢h asset over its estimated useful life. Equipment 200/0 on cost STOCKS Stocks are valued at the lower of cost and net realisable valu¢, after making due allowance for obsolete and slow moving items. TAXATION The charity is exempt from corporation tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the ¢haritable 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. Furthei explanation of the nature and purpose of each fund is included in the notes to the financial statements. HIRE PURCHASE AND LEASING COMMITMENTS Reiitals paid under operating leases are charged to the Statement of Financial Athivities on a straight line basis over the period of the lease. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charitable company operates a defll)ed contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Stateinent of Financial Activities in the period to which they relate. Page 10 Continued...
SPEYSIDE YOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Youth club thkings 20 7,317 6,809 6,809 7,337 INVESTMENT INCOME 2025 2024 Deposit account interest 1,264 245 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting): 2025 2024 Depreciation - owned assets Oth¢r operating leases 434 2,208 426 ,615 TRUSTEES, REMUNERATION 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. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 550 550 Charitable activities Youth Club 64.250 fv1.250 Other trading activities Investment income 7,337 245 7,337 245 TotaI 72,382 72,382 EXPENDITURE ON Raising funds 6,910 6,910 Charitable activities Youth Club 42,377 42,377 Total 49,287 49,287 Page 11 continued...
SPEYSIDE YOUTH NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 COMPARA TIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES - eontinued Unrestricted Restricted fund fund Total funds NET INCOME 23,095 23,095 RECONCILIATION OF FUNDS Total fimds brought forward 96,815 96,815 TOT AL FUNDS CARRIED FORWARD 119,910 119,910 TANGIBLE FIXED ASSETS Equipment COST At l April 2024 Additions 7,838 474 At 31 March 2025 8,312 DEPRECIATION At l April 2024 Charge for year 6,138 434 At 31 March 2025 6,572 NET BOOK VALUE At 31 March 2025 1.740 At 31 March 2024 1,700 STOCKS 2025 2024 Stocks loo loo Page 12 continued...
SPEYSIDE YOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments 1,829 167 203 203 1,996 io. CREDITORS: AMOUNTS FALLJNG DUE WITHIN ONE YEAR 2025 2024 Accruals and deferred income 700 600 ii. MOVEMENT IN FUNDS Nct movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 119,910 14,633 134,543 TOTAL FUNDS 119.910 14,633 134,543 Net movement in funds, included in the above are as follows: Incoming resources Resource5 expended Movement in funds Unrestricted funds General fund 77,109 (62,476) 14,633 TOTAL FUNDS 77,109 (62,476) 14.633 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrieted funds General fund 96,815 23,095 119,910 TOTAL FUNDS 96.815 23,095 119,910 Page 13 continued...
SPEYSIDE YOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEMENT IN FUNDS - eontinued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fijnd 72,382 (49,287) 23,095 TOTAL FUM)S 72,382 (49,287) 23,095 A current year 12 months and prior year 12 months combined position is as follows: Net movevnent in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 96,815 37,728 134,543 TOTAL FUI¥DS 96,815 37,728 134,543 A cuent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 149,491 (111,763) 37,728 TOTAL FUNDS 149.491 (111,763) 37,728 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 14
SPEYSIDE YoufH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legaeies Donations 1,736 550 Other trading activities Fundraising events Youth club takings 20 7,317 6,809 6,809 7.337 Investment income Deposit account interest 1264 245 Charitable actllviÉies Grants 67,300 64,250 Total incoming resources 77,109 72,382 EXPENDITURE Raising donations and legacies Caf¢ costs Youth club equipment Youth activity days 3,120 2,292 4,180 4,309 1,004 1,597 9,592 6,910 Charitable activities Rent 2,208 1,615 Support costs Management Wages Pensions Insurance Telephone Postage and stationery Advertising Sundri¢s Travelling costs Depreciation of tangible and heritage assets 44,521 I,799 268 iio 22 374 35,701 1,411 241 93 70 85 287 12 425 229 435 47,758 38,325 Finance SubscrKptions Carried forward 185 185 55 55 This page does not fonn part of the statutory fmancial statements Page 15
SPEYSIDE YoirrH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Finance Brought forward Training Administration cost 185 470 1,455 55 599 747 2,110 1,401 Governanee costs Accountancy and legal fees 808 1,036 Total resources expended 62,476 49,287 Net ineome 14,633 23,095 This page does not fonn part of the statutory financial statements Page 16