Income and Expenditure Account

     1999

     1998

        £

        £

Turnover

 3,024,778

 2,722,300

Direct Costs

   (896,195)

   (851,385)

Gross Surplus

 2,128,583

 1,870,915

Administrative Expenses

(1,057,171)

  (898,595)

Operating Surplus

 1,071,412

   972,320

Surplus on Sale of Properties

        7,623

        -

Interest Receivable

    247,177

   271,895

Interest Payable

   (779,751)

  (761,888)

Surplus for the Financial Year

    546,461

    482,327

Transfer to Designated Reserve

   (114,665)

     (85,064)

Transfer to Capital Reserve

       (7,623)

          -

Surplus/(Deficit) on Income and

Expenditure Account

    424,173

    397,263