Income & INCOME Grants offered GROSS SURPLUS / (DEFICIT) Administrative expenses OPERATING DEFICIT Interest receivable and similar income DEFICIT ON ORDINARY ACTIVITIES BEFORE TAXATION Tax on deficit on ordinary activities DEFICIT FOR THE FINANCIAL YEAR All amounts relate to continuing operations.


There were no recognised gains and losses for 2012 or 2011 other than those included in the income and expenditure account. The notes on pages 12 to 18 formpart of these financial statements.


6 12 3


Expenditure Account for the year ended 31March 2012


2012 1, 2 7,982,568 (8,047,693) (65,125) (177,061) (242,186) 19,055 (223,131) 40,638 (182,493) 2011 Note ££ 7,839,157 (7,687,104) 152,053 (177,963) (25,910) 20,178 (5,732) (2,936) (8,668)


Annual Report 2011-2012 9


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