(a financial statements for 31 march 2017

QED FOUNDATION LIMITED(A Company Limited by Guarantee)

Financial StatementsFor the year ended 31 March 2017

Company Number: 2553828Charity Number: 1004608

QED FOUNDATION LIINITED(A Company Limited by Guarantee)

Financial StatementsFor the year ended 31 March 2017

QED FOUNDATION LIMITED

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2017

Index

Page(s)

Report of the Trustees

Report of the Independent Examiner

Statement of Financial Activities

Balance Sheet

Statement of Cash Flow

Notes on the Accounts 9 —15

Income and Expenditure Account 16- 17


REPORT OF THE TRIISTEES FOR THE YEAR EIVDED 31 MARCH 201 7

The trustees are pleased to present their report together with the financial statements of the charity for theyear ending 31 March 2017.

Reference and administrative details

Charity number

Company number

1004608

2553828

Registered offtce Quest House, 38 Vicar LaneBRADFORD, BD I 5LDTel: 01274 545000EmaiL infused-uk. org

Independent Examiner Raja and CoInternational Accountants

21 Duckworth Lane

Bradford

BD9 5ER

Bankers Lloyds TSB45 Hustlergate

BRADFORD, BDI 1NT

Chief executive

Directors and trustees

Dr. Mohammed Ali OBE

The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout thisreport are collectively referred to as the trustees.

The trustees serving during the year and since the year end were as follows:

Mohammed Sabir MBE Chairman, Aagrah Group of RestaurantsMohammed Zubair Business Adviser, Skills CouncilSukbminder Knur Pooni Accountant


REPORT OF THE TRUSTEES FOR THE YEAR ENDED 21 MARCH 2017

Structure, Governance and Management

Governing document QED FOUNDATION LIMITED is a company limited by guarantee

governed by its Memorandum and Articles of Association dated 31October 1990 and amended to allow for its current objectives on 25September 1991.It is registered as a charity with the Charity Commission.There are currently 4 members, each of whom agrees to contribute an

amount not exceeding f I in the event of the charity winding up.

Appointment oftrustees As set out in the Articles of Association, the chair of the trustees is electedby the trustees. Trustees are elected by the board of trustees for an initialterm of three years at the expiry of which they may be re-elected for afurther term of three years.

Trustee induction and training New trustees are briefed by the chairman on their legal obligations under

charity and company law, the committee and decision-making processes,the business plan and recent financial performance of the charity. Nospecific training is given to the trustees to equip them for their role thougheach brings to that role his or her expertise in some appropriate field oflaw, education, commerce etc.

Organisati on The board of trustees, which can have any number of members,administers the charity. The board meets quarterly. A Chief Executive is

appointed by the board to manage the day to day operations of the charity.To facilitate effective operations, the Chief Executive has delegatedauthority, within terms of delegation approved by the trustees, foroperational matters including finance and employment.

Risk management The trustees have a risk management strategy which comprises:

a quarterly review of the risks the charity may face.

the establishment of systems and procedures to mitigate any risksidentified.

the implementation of procedures designed to minimise any potentialimpact should those risks materialise.

Objectives and Activities

A key element in the management of financial risk is the setting of areserves policy and its regular review by the trustees.

The objects of the charity are to benefit the public by improving the educational, social and economiccircumstances of the most disadvantaged communities in the UK - particularly those people in the UK who

are of Bangladeshi, Indian and Pakistani origin and who are struggling against disproportionately highlevels of poverty, disadvantage and discrimination of various kinds - and to contribute to a society basedon the principles of equality, diversity and social justice.


REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2017

The strategies employed to deliver public benefit by achieving the charity's objectives are to:

Conduct an ongoing economic development campaign focused mainly on deprived members of the SouthAsian communities in the UK and Europe.

~ Influence the public and private sector, charitable trusts and mainstream voluntary sectors, and support themin work that advances the educational, social and economic development of disadvantaged groups.

Facilitate the development of community and voluntary groups, including faith groups.

Enable individuals to acquire the knowledge, skills, confidence and networking opportunities to play a fullpart in all aspects of society.

Achievements and Performance

In advancing its objectives, the charity continued to be engaged in the following six projects during the year;

Flexible Support Fund - This project (now ended) helped mandated Jobcentre clients, primarily of Slovakianand Eastern European origin, to acquire English language skills and become familiar with British customs andway of life so that they might be able to integrate and find work.

Marriage, Migration and Integration - This project seeks to establish the demand for pre-departure traininglanguage and integration service in Pakistan for men applying for spouse visas to UK.

My Journey - This project tests, pilots and evaluates new approaches and gathers evidence about ways ofmaking a ditference to the lives of disadvantaged migrants aged 14-25.

Talk English (3) - This project targets those ethnic minority adults and young people who are mostmarginalised from mainstream life because of their lack of English language skills and seeks to integrate theminto British life by means of classes, website and community activity.

Specialist Employability Services - This project aims to provide employment services to visually impairedpeople.

The Study programme - This project aims to maximise the potential of young people (16-19)to progress ontohigher education and/or skifled employment by ensuring that vocational routes to higher education andemployment are seen as high quality and a genuine alternative to academic routes.

The charity also embarked on six new projects during the year:

Back to IFork - This project seeks to provide tailored support to people aged 16 or over by addressingindividual barriers to work and to give in-work support for those who find employment.

Talk English Together - This project (now ended) taught ESOL using specially developed resources and wasevaluated by external researchers.

Musical Memories - This project uses volunteers to deliver music therapy for South Asian elderly people withdementia or Alzheimer's disease in 12 Bradford care homes.


REPORT OF THE TRUSTEES FOR THE YErfR ENDED 31 MrlRCH 2017

Let's Talk Business - This project aims to support 60 women from Bradford to become self-employed or set uptheir own businesses.

Quest for Opportunities - This project aims to run courses for women who are looking for work and requireextensive employability support and ESOL.

Back to Work - This project aims to provide tailored support to people aged l6 or over by addressingindividual barriers to work and to give in-work support for those who find employment.

Financial Review

The deficiency for the year was f130,294 and this has been deducted from the accumulated fund.Unrestricted funds at the Balance Sheet date amounted to 6153,249 and will be applied in furtherance of thecharity's objectives.

Plans for future periods

The trustees plan to continue to bid for future funding, including setting up future enterprises to generateincome. The outlook for existing and new projects is extremely challenging in the current economic climate.Trustees' responsibilities in relation to the financial statements

Company law requires the trustees to prepare financial statements that give a true and fair view of the state ofaffairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doingso the trustees are required to:

~ Select suitable accounting policies and then apply them consistently;

Make sound judgements and estimates that are reasonable and prudent; and

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that thecharity will continue in business.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracyat any time the financial position of the charity and enables them to ensure that the financial statements complywith the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity andhence for taking reasonable steps for the prevention and detection of f'raud and other irregularities.In accordance with company law, as the company's directors, we certify that:

so far as we are aware, there is no relevant audit information of which the company's auditors are unaware;slid

~ as the directors of the company we have taken all the steps that we ought to have taken in order to makeourselves aware of any relevant audit information and to establish that the charity's auditors are aware of thatinformation.

t,~Mohammed Zub air

lNDEPENDENTEX4M1NERS'REPORT TO THE MEMBERS OFQED FOUNDATION LIMITED

I report on the accounts of the company for the year ended 31 March 2017, which are set out on pages 6 to 14.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for thepreparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) ofthe Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independentexamination, it is my responsibility to:

~ examine the accounts under section 145 of the 2011 Act

~ to follow the procedures laid down in the general Directions given by the Charity Commission under section145(5)(b) of the 2011 Act

to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. Anexamination includes a review of the accounting records kept by the charity and a comparison of the accountspresented with those records. It also includes consideration of any unusual items or disclosures in the accounts, andseeking explanations I'rom you as trustees concerning any such matters. The procedures undertaken do not provideall the evidence that would be required in an audit and consequently no opinion is given as to whether the accountspresent a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1)which gives me reasonable cause to believe that in any material respect the requirements;

to keep accounting records in accordance with section 386 of the Companies Act 2006 andto prepare accounts which accord with the accounting records, comply with the accounting requirements of

section 396 of the Companies Act 2006 and with the methods and principles of the Statement of RecommendedPractice: Accounting and Reporting by Charities

have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts tobe reached.

Nisar A F Raja, B.Sc, F.A.I.ARaja Br CoIndependent Examiner

15 November 2017


STATEMENT OF FINANCIAL ACTIVZTIES (INCLUDING INCOME dc EXPENDITUREACCOUNT)FOR THE YEAR ENDED 31MARCH 201 7

INCOMING RESOURCES

Incoming resources from generated fund.

Unrestricted RestrictedNote Funds Funds

TotalFunds2017

TotalFunds2016

Voluntary income:Donations and legacies

Incoming resources from charitable activitie 4

6,252 6,252

7,206 210,207 217,413

13,209

347,555

Other incoming resources 8,584 8,584 5,045

TOTAL INCOMING RESOURCES 22)042 210,207 232,249 365,809

RESOURCES EXPENDED

Cost of generating funds

Charitable activitiesGovernance costs

6 105,731 221,394 327, 125 581,1917 35,418 35,418 57,448

TOTAL RESOURCES EXPENDED 141,149 221,394 362,543 638,639

NET (OUTGOING)/INCOMINGRESOURCES BEFORE TRANSFERS (119,107) (11,187) (130,294) (272,830)

TransfersGross transfers between funds

NET MOVEMENT IN FUNDS

Reconciliation offundsTotal funds brought forward

TOTAL FUNDS CARRIED FORWARD

(35,410) 35,410

307,766 78,972 386,738

153,249 103,195 256,444

659,568

386,738

10 (154,517) 24,223 (130,294) (272,830)

The statement of financial activities includes allAll incoming resources and resources expended

gains and losses recognised in the year.derive from continuing activities.


BA LANCE SHEET AS A T 31 MARCH 2017

Note 2017 2016

FIXED ASSETSTangible assets 13 203,885 238,303

203,885 238,303

CURRENT ASSETSDebtors

Cash at bank and in hand

LIABILITIESCreditors falling due within one year

14 21,461 19,80249,886 145,906

71,347 165,708

15 18,789 17,273

NET CURRENT ASSETS 52,558 148,435

NET ASSETS 256,443 386,738

THE FUNDS OF THE CHARITYRestricted income funds 16 103,194 78,972

Unrestricted income funds:

General

Designated Development Fund

Designated Leasehold Improvements Fund

171717

36,981 191,49825,000 25,00091,268 91,268

153,249 307,766

TOTAL CHARITY FUNDS 256,443 386,738

The accompanying notes form part of these accounts

Approved by the Board on 15 November 2017

Sukhminder Kaur Pooni


STA TENErVT OF CASH Ff0IFFOR THE YEAR ENDED 31 MARCH 2017

Note 2017 2016

Cash used in operating activities 20 (96,020) 135,646

(96,020) 135,646

Cash flow from investing activitiesPurchase of tangible fixed assets

Cash provided by (used in) investing activities

(97,835)

(97,835)

Increase (decrease) in cash and cash equivalents in the yearCash and cash equivalents at the beginning of the year

(96,020)145,906

37,811108,095

Total cash and cash equivalents at the end of the year 49,886 145,906


NOTES ON THE A CCOIJNTS

ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statementof Recommended Practice applicable to charities preparing their accounts in accordance with the FinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2015) - (CharitiesSORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) andthe Companies Act 2006. QED Foundation Limited meets the definition of a public benefit entity under FRS 102.

b) Reconciliation with previous Generally Accepted Accounting Practice

The trustees have considered whether in applying the accounting policies required by FRS 102 and the CharitiesSORP FRS 102 the restatement of comparative items was required, and have concluded that it was not.

c) Going concern

The accounts have been prepared on the going concern basis on the assumption that the charity is able to carry onoperating as a going concern in the foreseeable future, which the trustees consider appropriate having regard to thecharity's ongoing projects. Furthermore, the charity is actively seeking to continue to widen its income base.

d) Incoming resources

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a generalnature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficientreliability. Such income is deferred only when (i) the donor specifies that the grant or donation must be used only infuture accounting periods, or (ii) the donor has imposed conditions which must be met before the charity hasunconditional entitlement. Investment income is recognised on a receivable basis.

e) Resources expended

Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised once goods orservices have been supplied. Costs of generating funds are those costs incurred in attracting voluntary income.Charitable activities include expenditure associated with the various projects that the charity has engaged in duringthe year and include both the direct costs and the support costs relating to these activities. Governance costs includethose incurred in the governance of the charity and its assets.

I) Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category.Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

g) Tangible fixed assets

Tangible fixed assets consist of computer equipment and leasehold improvements that have been capitalised at coston a straight line basis over their estimated useful lives - 4 years for computers and lease term for leasehold

h) Funds structure

The charity has a number of restricted income funds to account for situations where a donor or grant providerrequires that a donation or grant must be spent on a particular purpose or where funds have been raised for a specificpurpose. All other funds are unrestricted funds. Amounts are transferred from the general fund to recognise theestimated costs of completing projects which are under way but are not completed. The charity's accumulated fundsare not available for distribution among the members. Any surplus available on a dissolution or winding up is to betransferred to a charitable organisation with similar objectives.

LEGAL STATUS OF THE TRUST

The Trust is a company limited by guarantee and has no share capitaL The liability of each member in the event ofwinding up is limited to f1.


NOTES ON THE A CCO VIVTS

3 VOLUNTARY INCOME

Donations

Mohammed Ali

Adeeba Malik

GIII Aid

Various anonymous doners

Sabiya Khan

Harjap Pooni

Regal FoodPukaar FoundationAkram

2017

2,0002,0002,252

2016f.

5,750

3,400

2,000

1,000

859200

6,252 13409

4 INCOME RESOURCES FROM CHARITABLE ACTIVITIES

Grants receivable from Goverament and other public bodies:

2017 2016

Aspire-i Community Fund - The Study ProgrammeShipley College on behalf of Manchester City Council - Talk English TogetherPostcode Community Foundation - Musical MemoriesNatWest Bank - Let's Talk BusinessJobcentre Plus - Quest for OpportunitiesReed in Partnership on behalf of Dept of Work and Pensions - Back to WorkUniversity of Bristol - Marriage, Migration and IntegrationBradford MDC - Capital Grant from Regional Growth FundEuropean Integration Fund - Quest for Integration (Yorkshire)European Integration Fund - Living in Britain IEuropean Integration Fund - Quest for Integration gandon)Humber Learning Consortium - Flexible Adult Skills BudgetJobcentre Plus - Flexible Support FundPaul Hamlyn Foundation - My JourneyRoyal National College for the Blind - Specialist Employability ServicesEuropean Integration Fund - Living in Britain 2

93,88645,19918,28216,81916,47210,3439,2067,206

43,836

23,013

1,692

1,787

71,482

33,072

40,713&,651

42,441

51,585

1,825

29,245

217,413 347455

5 OTHER INCOMNG RESOURCES

ESOL course feesSundry income

Rent

Management charge receivable

2017f

3,4705,114

2016f

500200

2,558

5,045


NOTES ON THE ACCOUNTS

6 CHAluTABLE ACTIVITIES

Staff salaries, pensions k NIAssociates and sub-contractorsTraining expenses and exam feesRent, rates and room hireCreche FeesAdvertising and promotionTravel and subsistenceHeat and lightEvaluation

Telephone and ITRepairs and renewals

Accountancy

Legal and professionalCatering, hospitality and celebrationsCleaning

Printing, postage and stationeryInsurance

Staff training and recruitmentGeneral and subsoriptions

Equipment and materialsGrants and Donations

2017

140,91771,8872,842

40,9812,0004,2666,0848, 160

11,870759

3,175

3,5351,3874,1905,1194,2971,7841,6543,8018,417

2016

193,847

150,31410,583

72,73922,0199,710

17,147

11,880

3,41110,855

3,367

4,724

11,63313,484

2, 151

8,007

3,429743

2,374574

28,200

327,125 581,191

7 GOVERNANCE COSTS

2017 2016

Depreciation

Independent Examiner34,418

1,00052,508

4,940

35,418 57,448

8 STAFF COSTS

Staff costs and the average number of employees for the year are as follows;

2017 2016

Wages and salariesSocial security costs

132,9867,931

183,38310,464

140,917 193,847

Project management and support 10

No remuneration was paid and no expenses were reimbursed to the trustees (directors of the company)

11


NOTES ON THEACCOUSTS

9 GROSS TRANSFERS BETWEEN FUNDS

f35,410 was transferred from the general fund in favour of four restricted funds - The Study Programme,Back to Work, Marriage Migration and Immigration and Specialist Support - to support expenditurefrom those funds not fully matched by income.

10 NET MOVEMENT IN FUNDS

This is stated atter charging:

2017f

2016

DepreciationIndependent Examiner's remuneration

34,4181,000

52,5084,940

35&418 57,448

I I TAXATION

The company is a registered charity and no provision is considered necessary for taxation.

12 INDEPENDENT E~R'S REMUNERATION

The independent examiner's fee for performing his independent examination was I1,000.

13 TANGIBLE FIXED ASSETS

Leasehold Computers TotalImprovements

fCostAs at I April 2016Additions

279,858 104,328 384,186

As at 31 March 2017 279,858 104,328 384,186

DepreciationAs at I April 2016Charge for the year

77,91625,328

67,9679,090

145,88334 418

As at 31 March 2017 103,244 77,057 180401

Net book valueAs at 31 March 2017

As at 31 March 2016

176,614 27,271 203,885

201,942 36,361 238,303

12


NOTES ON THE ACCOIJNTS

is DEBTORS

Accrued Income

2017

21,461

2016f19,802

21,461 19,802

15 CREDITORS FALLING DUE WITHIN ONE YEAR

Trade creditors

Social secunty and other taxesAccruals

2017f14,0202, 1692,600

2016

11,9371,396

3,940

18,789 17,273

16 RESTRICTED FUNDS

My Journey

Flexible Support FundTalk English

Specialist Employabtl ity ServicesThe Study ProgrammeTalk English TogetherMusical MemonesLet's Talk BusmessQuest for OpportunitiesBack to Work

Marriage, Migranon R ImmigrationSpecialist Support

Fuad at31st March

2016

51,17921,2924,6761,825

IncomingResources

93,88645,19918,282

16,81916,47210,3439,206

ResourcesExpended

f4,0741,9131,3501,299

116,80843,910

2,7113,987

13,30517,47713,014

1,546

Transfers

22,922

7, 1343,808

1,546

Fund at31st March

2017f47,10519,3793,326

526

1,28915,571

12,832

3,167

78,972 210407 221+94 35,410 103,195

Name of fund Description, nature and purpose of the fund

My Journey This proiect tests, pilots and evaluates new approaches and gathers evidenceabout ways of makmg a difference to the lives of disadvantaged migrantsaged 14-25.

Flexible Support Fund To help mandated Jobcentre clients, pnmarily of Slovakian and EasternEuropean origin, to acquire Enghsh language skills and become famihar vnthBntish customs and way of life so that they might be able to mtegrate andfind work

Talk English To target those ethnic mmonty adults and young people who are mostmarginalised from mamstream life because of thur lack of English languageskdls and to integrate them mto Bntish life by means of classes, website andcommunity activity.

Specialist Employability Services To pmvide employment services to visually impaired people

The Study Program To maximise the potential ofyoung people (16-19)to progress onto highereducation and/or skilled employment by ensuring that vocational routes tohigher education and employment are seen as high quahty and a genuinealternative to academic routes

Talk Englnh Together To teach ESOL using specially developed resources and was evaluated byexternal researchers

13



Musical Memories To deliver music therapy for South Asian elderly people with dementia orAlzheimer's disease in 12 Bradford care homes.

Marriage, Migration & To establish the demand for pre-departure training language and integration service in

Integration Pakistan for men applying for spouse visas to UK.

Let's Talk Business To support 60 women from Bradford in becoming self-employed or in setting up their

own businesses.

Quest for Opportunities To run courses for women who are looking for work and require extensiveemployability support and ESOL.

Back to Work To provide tailored support to people aged 16 or over by addressing individualbarriers to work and to give in-work support for those who find employment.

Marriage, Migration & To establish the demand for pre-departure training language and integration service in

Integration Pakistan for men applying for spouse visas to UK.

Specialist Support To deliver ESOL and employability support services to long-term unemployed adults

aged 25+.

17UNRESTRICTED FUNDS

DesignatedLeasehold

Imp. Fundf91,268Balance at 1st April 2016

Incoming resourcesResources expendedTransfers

DesignatedDevelopment

Fundf

25,000

GeneralFund

f191,49822,042

(141,149)(35,410)

Total2017

f.307,76622,042

(141,149)(35,410)

Total2016

643,237

26,905

(219,626)(142,750)

Fund at 31st March 2017 91,268 25,000 36,981 153,249 307,766

18 ANALYSIS OF NET ASSETS BETWEEN FUNDS

DesignatedLeasehold

Imp. Fund

DesignatedDevelopment

Fundf

GeneralFund

f

RestrictedFunds Total

Tangible fixed assetsCash at bank and in hand

Other net current assets

91,268 25,000 36,981 49,63649,886

3,672

202,885

49,886

3,672

91468 25,000 36,981 103,194 256,443

14



19 OPERATING LEASE COMMITMENT

At 31 March 2017 the company had an annual commitment under a non-cancellable operating lease as follows:

2017 2016

Within I yearWithin 2-5 years 30,000

131

30,000

30,000 30,131

20 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOWFROM OPERATING ACTIVITIES

2017f

2016

Net movement in funds

Add back depreciation chargesDecrease in investments

Decrease (increase) in debtorsIncrease (decrease) in creditors

130,29434,417

1,6591,516

272,83052,508

100578,805222,938

96,020 135,645

21 CONTROL

The charity is controlled by the trustees.

15


INCOME A iVD EXPENDITIIIIE A CCO IINTYEAR ENDED 3I IIIARCH?01 7

Year Ended 31 March

2017I

2016f.

INCOME RESOURCESGrants and donations

Capital Grant from Regional GFESOL course feesRent and Room Hire

Sundry income

Management charges receivable

216,4597,206

3,470

5,114

360,7641,787

500

200

2,558

232,249 365,809

RESOURCES EXPENDEDStaff and Associates

Cost of generating

voluntary incomeCharitable activitiesGovernance costs

228,405 358,899

EstablishmentCost of generating


42,727

228,405

88,560

358,899

AdministrationCost of generating


55,993

42,727

133,7324,940

88,560

FinanceCost of generating

voluntary incomeCharitable activitiesGovernance costs 35,418

55,993

52,508

138,672

35,418362,543

52,508638,639

DEFICIENCY FOR YEAR (130?94) (272,830)

16

QED FOItNDATION LIMITEDINCOMEAND EXPENDITUREACCOUNT- YEAR ENDED 31 3IARCH 2017

STAFF AND ASSOCIATESStaff salariesStaff training and recruitment

Associates and subcontractorsExam feesTraining MaterialsTrainee expensesEvaluation

2017CharitableActivities Governance

f, f

140,9171,784

71,88710,975

2,842

Totalf

140,9171,784

71,88710,975

2,842

2016

193,847743

150,3149,147

713723

3,411

228,405 228,405 358,898

ESTABLISHMENTRent and ratesRoom hire

Repairs and renewalsHeat and light

Equipment and materials

30,007

7598,1603,801

30,007 43,33229,407

759 3,3678, 160 11,8803,801 574

42,727 42,727 88,560

ADMINISTRATIONAdvertising and promotionDVD & video productionTravel and subsistenceCatering, hospitality and celebrationsCreche FeesGrants & donationsInsurance

Cleaning

Printing, postage and stationery

TelephoneIT and computerisationGeneral expenses and subscriptionsAccountancyLegal and professional

4,266

6,0851,3872,0008,4174,2974, 1905,1194,8826,9871,6533,1753,535

4,266 9,710

6,085 17,1471,387 13,4842,000 22,0198,417 28,2004,297 3,4294, 190 2, 1515, 119 8,0074,882 5,9186,987 4,9371,653 2,3733,175 4,7243,535 11,633

55,993 55,993 138,672

FINANCEDepreciationindependent Examiner

34,4181,000

34,4181,000

52,5084,940

35&418 35&418 52408

TOTALS 327&125 35&418 362~3 638,638

17

(a financial statements for 31 march 2017

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