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


Auditors’ remuneration - audit fee (including irrecoverable VAT) Auditors’ remuneration - non-audit fees (including irrecoverable VAT)


2012 8,340 4,920


2011 ££ 7,980 8,451


4. STAFF COSTS Staff costs, including directors’ remuneration, were as follows:


Wages and salaries Social security costs


2012 115,400 13,973 129,373


The averagemonthly number of employees, including the directors, during the year was as follows:


2012 Directors Office andmanagement 13 2011 12 11 14 13


2011 ££ 109,611 8,335 117,946


5. DIRECTORS’ REMUNERATION 2012 Chairman’s emoluments 40,000 2011 ££ 36,829


Annual Report 2011-2012 13


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