|  | 2004 | 2003 | 
|  | £.p | £.p | 
| INCOME AND EXPENDITURE | 
| Incoming Resources | 
| Subscriptions and donations | 3,380.48 | 3,283.13 | 
| Hampshire Bells - CD |  | 500.00 | 
| Covenants | 84.00 | 84.00 | 
| Tax recoverable on covenants | 23.69 | 23.69 | 
| Gift Aid | 264.83 | 215.00 | 
| Tax recoverable on Gift Aid | 67.55 | 60.64 | 
| Fund-raising events and appeals | 173.00 | 211.85 | 
| Investment income | 1,770.52 | 1,380.52 | 
| Peal fees | 173.50 | 202.75 | 
| Winchester & Portsmouth 200 club | 900.00 | 800.00 | 
|  | 
 | 
 | 
| Total incoming resources | 6,837.57 | 6,761.58 | 
|  | 
 | 
 | 
| Resources Expended | 
| Direct charitable expenditure | 
| Grants approved | 1,150.00 | 1,750.00 | 
|  | 
 | 
 | 
| Total resources expended | 1,150.00 | 1,750.00 | 
|  | 
 | 
 | 
| Net Incoming Resources | 5,687.57 | 5,011.58 | 
| Fund balances brought forward at 1st January 2004 | 34,523.92 | 29,512.34 | 
|  | 
 | 
 | 
| Fund balances carried forward at 31st December 2004 | £40,211.49 | £34,523.92 | 
|  | 
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