3. OPERATING DEFICIT The operating deficit is stated after charging:


Year ended 31 March 2011


Auditors' remuneration – audit fee (including irrecoverable VAT) Auditors' remuneration – non-audit fees (including irrecoverable VAT) 4. STAFF COSTS Staff costs, including directors' remuneration, were as follows:


Year ended 31 March 2011


Wages and salaries Social security costs 109,611 8,335 117,946 The average monthly number of employees, including the directors, during the year was as follows:


Year ended 31 March 2011


Directors Office and management 12


15 months ended


31 March 2010


13 11 13 5. DIRECTORS' REMUNERATION


Year ended 31 March 2011


Chairman's emoluments 36,829


15 months ended


31 March 2010


££ 40,057 14


15 months ended


31 March 2010


££ 129,746 10,574 140,320 7,980 8,451


15 months ended


31 March 2010


££ 7,578 10,810


Annual Report 2010-2011 13


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