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Significant assumption

The opening position of the forecasted statements is based on un-audited results for 2009/10. The actual results for April, May, and June 2010 are unavailable, and therefore, the balance as at 30 June 2010 has been estimated using April, May, and June 2010 forecast figures.

Other assumptions

The accrual basis of accounting has been used in the preparation of these forecast financial statements.

All revenue and expenditure will remain constant over the three years covered by these statements. The budget reflects the staffing levels of nine FTEs to meet the work programme.

There is a risk that these events and the associated income and expenditure do not occur.