Ecclesiastical Investment Funds annual report and accounts - long ...

ECCLESIASTICAL Investment Funds 49Notes to the Financial StatementsFor the year ended 31 December 20097. ExpensesAmity UKAmity Amity Sterling Higher EquityAmity UK European International Bond Income Growth Total2009 2008* 2009 2008* 2009 2008* 2009 2008*† 2009 2008* 2009 2008* 2009 2008*£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000Payable to the Authorised CorporateDirector or associates of theAuthorised Corporate Director:ACD’s charge 596 710 229 249 343 262 99 52 550 486 488 580 2,305 2,339Payable to the Depositary orassociates of the Depositary:Depositary fee 20 17 14 11 17 12 6 4 21 27 24 19 102 90Safe custody fee 7 8 9 7 8 12 1 7 10 9 4 3 39 4627 25 23 18 25 24 7 11 31 36 28 22 141 136Other expenses:Registration fee 31 30 6 7 6 5 5 2 30 32 16 16 94 92Audit fee 4 2 4 2 4 2 4 9 4 2 4 2 24 19VAT refunds on Management fees - (11) - (6) - (2) - - - (4) - (7) - (30)35 21 10 3 10 5 9 11 34 30 20 11 118 81Total expenses 658 756 262 270 378 291 115 74 615 552 536 613 2,564 2,556*2008 restated for new SORP (see Note 1a on page 45).†Amity Sterling Bond launched on 18 February 2008.