REGISTERED COMPANY NUMBER: 02537864 (England and Wales) REGISTERED CHARITY NUMBER: 11)01178 REPORT OF THE TRUSTEES AND FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WOROSLEY HOUSING soaETY J W Hlnks LLP Chartered Accountsnts and Statutory Audltors 19 Highfield Road Edgbaston Blrmlngham B153BH WORDSLEY HOUSING soaErY CONTENfs OF THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of the Truste I to 11 Report of the Indwendent Audltors 12 to 15 Statement of Flnanclal AONSIBILmE5 The trustees Iwho are also the dlrectors of Wordsley Housing Society for the purposes of company lawl are responsible for preparing the Report of the Trustees and the flnancial Statements In accordance wlth appllcable law and United Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Accounting Practlcel- Company law requlres the trustees to prepare financial statements for each flnancial year whlch glve a true and falr vlew of the state of affalts of the charitable company and of the Incoming resources and appllcatlon of resources, includln8 the Income and expendlture, of the charltable company for that period. In preparing those financlal statements, the trustees are requlred to select suStable ètcountSng pollcies and then apply them consistently,, observe the methods and prlnciples In the Charity SORP; make judgements and estlmates that are reasonable and pnjdent; prepare the flnancial statements on the golng concem basis unless It Is Inapproprlate to presume that the charltable company wlll contlnue In business. The trustees are responslble ft)r keeping proFer accountln8 records which dlsclose wlth reasonable accuracy at any time the financial pjsition of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the charitsble company and hence for taking reasonable 5tepsfor the prevention and detection of fraud and other irregularities. Page 10 WORDSLEY HOUSING SOCIEfi (REGISTERED NUMBER: 02537864) REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued In so far as the trustees are aware.. there is no relevant audic informatlon of which the charltable company's audltors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevorst audit Information and to establlsh that the audStors are aware of that Information. AUDITORS The audltor5, J W Hlnks LLP, will be proposed for re-appolntment at the forthcoming Annua1 General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company dlrectors, on 17 September 2024 and 518ned on the board's behalf bv.. P D R john Ichairmanl - Trustee Page 11 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) Opinion We have audlted the financial statements of Wordsley Housing Society (the 'charitable company'l for the year ended 31 March 2024 which comprise the Statement of Flnancial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accountlng policies. The financlal reporting framework that has been applied in their preparation is appllcable law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practlcel. In our oplnlon the flnancial ststements.. Ive a trve and fair vlew of the stats of the charltable company's affalrs as at 31 March 2024 and of Its Incoming resources and applicatlon of resources, Includlng its income and expendlture, for the year then ended; have been properly prepared in accordance wlth United Klngdom Generally Accepted Accounting Pra¢tl¢e,' and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit in accordance wlth International Standards on Auditing IUKI IISAS IUKII and appllcable law. Our responsSbilities under those standards are further descrlbed in the Auditors, responsibilities for the audlt of the financlal statements section of our report. We are Independent of the charltable company In accordance with the ethical requirements that are relevant to our audlt of the financlal statements In the UK, Includin8 the FRC'S Ethical Standard, and we have fulfilled our other ethical responslbllStSes in accordance with these requirements. We belleve that the audlt evidence we have obtained Is SLrfficient and approprlate to provSde a basis for our opinion. Condusions relatln8 to golng concem In audlting the flnancial statements, we have concluded that the trustees, use of the going concern bas15 of accountlng in the preparation of the flnancial statements is appropriate. Based on the work we have performed, we have not identlfled any materlal uncertainties relating to events or condition5 that, Individually or collectlvely, may cast slgnificant doubt on the charitsble company's ablllty to contlnue as a going concern for a perSod of at least twelve months from when the financlal statements are authorised for i55ue. Our responslbilltles and the responslbilitles of the trustees wlth respect to going concern are described In the relevant sections of this report. Other information The trustees are responslble for the othèr Informatlon. The other Informatlon comprlses the informatlon Included in the Annual Report, other than the financlal statements and our Report of the Independent Audltors thereon. Our opinion on the financial statement5 does not cover the other Informatlon and, except to the extent otherwlse expllcltly stated In our repor¢ we do not express any form of assurance concluslon thereon. In connection wlth our audlt of the financlal statements. our responsibility is to read the other informatlon and. in doin8 so, consSder whether the other Information Is materially incon515tent with the flnancial statements or our knowledge obtained in the audlt or otherwise appears to be materially misstated. If we identify such materlal inconsistencies or apparent material misstatements, we a￿ required to determine whether thi5 gives rlse to a materlal misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a materfal misstatement of this Other informatlon, we are required to report that fart. We have nothing to report in thls regard. Oplnion5 on other matters prescribed by the Companie5 Art Z006 In our opinion, based on the work undertaken in the course of the audit.. the information glven In the Report of the Trustees for the flnancial year for which the financial ststement5 are prepared is consistent with the financial Statements; and the Report of the Trustees has ￿en prepared in accordance wlth applicable legal requirements. Page 12 REPORTOF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF WORDSiEY HOUSING SOCIETY {REGISTERED NUMBER: 025378641 Matters on whith we are required to report by exception In the Ilght of the knowledge and under5tandlng of the charitable company and its envlronment obtalned In the course of the audit, we have not identified material misstatements In the Report of the Trustees. We have nothing to report In respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accountlng records have not been kept or returns adequate for our audit have not been recelved from branches not visited by us,. or the ftnancial statements are not In a8reement with the accountln8 records and returns,. or certaln dlsclosure5 of trustees, remuneratSon specified by law are not made,, or we have not recelved all the information and explanatlons we requlre for our audlt. Responslbllltles of trustees As explained more fully in the Statement of Trustee5' Responslbilitie5, the trustees Iwho are also the director5 of the charltable company for the purposes of company lawl are re5ponslble for the preparatlon of the financlal statements and for belng satisfled that they give a true and fair vlew, and for such internal control as the trustee5 determlne is necessary to enable the preparatlon of flnancial statements that are free from material m155tatement, whether due to fraud or error. In preparing the flnanclal statement5, the trustees are responslble for 055esslng the charltable company's ablllty to contlnue as a golng concern, discloslng, a5 applicable, matters related to going concern and using the 80ing concern basis of occounting unless the trustees ebther Intend to Ilquldate the charitsble company or to cease operatlons, or have no reallstlc alternatlve but to do so. Page 13 REPORTOF THE INDEPENDENT AUDITORSTOTHE MEMBERS OF WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER. 02537864) Our responslbilltles for the •udit of the flnancial ststements Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in accordance wlth ISAS IUKI will alway5 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, indlvidually or in the aggregate, they could reasonably be expected to Influence the economic declsions of users taken on the basls of these flnancial statements. The extent to whlch our procedures are capable of detetting Irregularities, Includlng froud is detalled below.. We identlfled areas of laws and regulatlons that could reasonably be expected to have a materlal effect on the flnanclal statement5 and discussed the pollcles and procedure5 regarding compliance. Specific areas considered were as follows.. Enqulrln8 wlth management and others to galn an understandln8 of the organlsatlon Itself includlng OFeratlons, flnanclal reportlng and known fraud or error. Evaluating and under5tsnding the Internal control system. Performlng analytical procedures as expected or unexpected varlances In account balances or classes of transactlons appear. Testing documentatlon supportlng account balances or cla55e5 of transactions. Owing to the Inherent Ilmltations of an audlt, there 15 an unavoldable r15k that we may not have detected all Irregularities Includlng those leadlng to material mlsstatement5 In the financial statements or non-compliance with regulation, even though we have properly planned and performed our audlt in accordance wlth auditing standard5. This rlsk increases the more that compliance wlth a law or regulation 15 removed from the events and transactlons reflected in the flnanclal staternents, as we w511 be less Ilkely to become aware of Instances of non-compllance. The r(sk is also greater regardlng Srregularltles occurrlng due to fraud rather than error, a5 fraud involves intentlonal concealment, forgery, collusion, omission or misrepresentation. A further descrlption of our responslblllties for the audSt of the flnancial statements Is located on the Flnancial Reportlng Council's webslte at www.frc.org.uk/auditorsresponslblllties. This description forms part of our Report of the Independent Auditors. Page 14 REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) Use of our report This report is made solely to the charitable company's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has be2n undertaken so that we might state to the charitable company's members those matter5 we are requlred to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not 3ccept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. I É(JA James Cruse ACA, FCCA, Bsc (Econl Hons (Senior Statutory Auditor) for and on behalf of I W Hlnks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston 8irmSngham B15 38H 17 September2024 Page 15 WORDSLEY HOUSING SOCIETY STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restrfcted funds Notes INCOME AND ENDOWMENTS FROM Charitable artlvltles Grants receivable Fees recelvable for care and support Rent and se￿Ice char8es 4,5C 4,500 520,356 485￿?1 520,356 485,871 458.201 417,167 Investment income io,N) 10.140 7.296 Total 1,016,367 4,500 IA120￿67 882,664 EXPENDITURE ON Charitable artivlties Charltable activities Support cost5 820￿33 140,559 826033 145J)$9 740,831 152,116 4,$00 Total 967392 4,500 971W2 892,947 Net galns/llossesl on Investments 9,975 9,97S 115,9331 NET INCOME/(EXPENDITUREI 58,950 58,950 126,2161 RECONauATION OF FUNDS Total funds brought forward 481,229 481,229 507,445 TOTAL FUNDS CARRIED FORWARD 540,179 540,179 481,229 The notes form part of these financial ststements Page 16 WORDSLEY HOUSING SOCIETY IREGISTERED NUMBER: 025378641 BALANCE SHEET 31 MARCH 2024 Z024 Totsl funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible asset5 Investments 12 13 3,436 162,671 1,770 147.323 162,671 166,107 166,107 149,093 CURRENT ASSETS Debtors Cash at bank and In hand 14 52,383 362,952 52,383 362,952 50,044 331,430 415,335 415,335 381,474 CREDITORS Amounts falling due within one year 15 (41,263) {41,2631 149,3381 NET CURRENT ASSETS 374,072 374,072 332,136 TOTAL ASSETS LESS CURRENT LIABILrriES $40,179 540,179 481,229 NET ￿SET5 540,179 540,179 481,229 FUNDS Unrestricted funds 17 540,179 481,229 TOTAL FUNDS 540,179 481.229 The flnanclal 5tatement5 were approved by the Board of Trustees and authorlsed for issue on 17 September 2024 and were signed on it5 behalf by.. P D R John IChairmanl- Trustee The notes form part of these flnancial ststernents Page 17 WORDSLEY HOUSING SOCIETY CASH FLOW STATEMENT FOR THE YEAR ENOED 31 MARCH 2024 2024 2023 Notes Cash Ilows from operatlng artlvitle5 Cash generated from operatlons 29,763 8,740 Net cash provlded by operating actlvitie5 29,763 8,740 Cash flows from investlng actlvltles Purchase of tanglble flxed a55et5 Purchase of fixed asset investment5 Sale of fixed asset Investments Interest recelved {3,0081 (25,1891 19,816 lo,￿0 14,7421 4,742 7,296 Net C¥5h provlded by Investlng actlvltles 1,759 7,296 Ch•n8e In cash and cash equlvalents in the reportlng perlod Cash and cash equlyalents at the beglnnSn8 of the reportlng perlod 31,522 16.036 331,430 315.394 Cash and cash equl¥alents at the end of the reporting perlod 362,952 331,430 The notes form part of these financial ststernents Page 18 WORDSLEY HOUSING SOCIETY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECOt4CILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACIIVITIES 2024 2023 Net In¢omel{expendlture) for the reportlbvd perlod {a5 per the Statement of Flnancial Actlvltie51 Adjustments for: Depreciatlon charges IGaln111055e5 On Investments Interest received Ilncreaselldecrease In debtors (Decreaselllncrease In credltors 58,950 126,2161 885 15,933 17,2961 6,280 19,154 19,9751 110,140) 12,339) 18,075) Net cash provlded by operatlons 29,763 8.740 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and In hand 331N30 31,522 362,952 331.430 31,522 362,952 Totsl 331,430 31,522 362,952 The notes form part of these financlal statements Page 19 WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financlal statements of the charitable companyi whlch Is a public benefit entlty under FRS 102, have been prepared in accordance with the Charlties SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their actounts In accordance with the Financlal Reportln8 Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191,, Financial ReportSng Standard 102 'The Flnancial Reporrin8 Stsndard appllcable In the UK and Republ1¢ of Ireland, and the Companles Act 200G. The flnanclal statements have been prepared under the historical c05t convention, wlth the exception of Investment5 which are Included at market value. The flnanclal statements are prepared In sterlin& which Is the functional currency of the Chartty. Monetary amounts In these flnanclal statement5 are rounded to the nearest £. INCOME All Income 15 recognised In the Statement of Financlal Activitie5 once the charlty ha5 entltlement to the funds. It Is probable that the Income wlll be received and the amount can be measured reliablv. Investment income Is earned through holdlng a55ets for Investment purposes such as share5. It Incudes dlvldends and interst receivable. Interest Income is recognised uslng the effectlve interest rate method and dividend income Is recognSsed as the Charltles right to receive payment 15 establlshed. Investment management costs are Included in expenditure. EXPENDITURE Liabilltles are recognlsed as expenditure as 500n as the￿ Is a legal or construrtlve obllgatlon committlng the charlty to that expenditure, It 15 probable that a transfer of economlc benefits wlll be requlred In settlement and the amount of the obllgatlon can be measured rellably. Expendlture is accounted for on an accruals basls and has been classifled under headlng5 that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to particular headin85 they have been allocated to activities on a ba51s consistent wlth the use of resources. ALLOCATION AND APPORTIONMENT OF COSTS Cost5 are allocated between dlrect charitable and other expendlture accordlng to the nature of the cost. Where items Involve more than one category they are apportloned between the cate8orSes accordirbg to the natu￿ of the cost. A detalled analy515 of the allocatlon costs Is given In the notes to the accounts. TANGIBLE FIXED ASSETS Depreclatlon is calculated so as to wr￿e off the cost of an asset, less Its estimated useful resldual value, over the useful economlc Ilfe of that asset as follows. Computerequlpment Fixture5 and fittings 25% straight line method. 25% and 33.3% reduclng balance method. TAXATION The charlty Is exempt from corF)oratlon tax on its chartsble actlvities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitsble oblettlves at the discretlon of the trustees. Page 20 continued... WORDSLEY HOUSING soaE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLiaES- contlnued FUND ACCOUNTING Restricted fund5 can only be used for partlcular restrlcted purp05es withln the objects of the charity. Restrirtion5 ar15e when specffied by the donor or when fund5 are ralsed for particular restricted purposes. Further explanatlon of the nature and purpose of each fund 15 included in the notes to the flnanclal statement5. PENSION COSTS AND OTHER POsT-R￿lREmENT BENEFITS The Soclety operates a defined contribution penslon scheme for employees. The 35set5 of the scheme are held separately from those of the Soclety. The annual contrlbutions payable are charged to the statement of financlal actlvitie5. INVESTMENTS Current asset Investments Comprlse flxed term deposits and are stated at cost plus accrued Inte￿$t earned up to the balance sheet date. Investments are held to provide an Investment return for the charlty. GOVERNMENT GRANTS Government grant5 are recognlsed at the falr value of the asset recefved or recelvable when there Is reasonable assurance that the grant conditlon5 will be met and the grant5 wlll be received. A grant that specifie5 performance condltions Is ret￿nISed In income when the perfomance condltions are met. Where a grant does not specify performance condltlon5 It is recognlsed in Income when the proceeds are recelved or receivable. A grant received before the recognition crlteria are satlsfled is reco8n15ed as a liablllty. OPERATING LEASE AGREEMENTS Rentals applicable to operating leases where substantlally all of the benefits and rlsks of ownership remaln wlth the lessor are charged agalnst surpluses on a stralght line bas15 over the perlod of the lease. INVESTMENT INCOME 2024 2023 Bank interest recelvable Dividends received 4,928 5,212 3,126 4.170 10,140 7,296 Page 21 contlnued... WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Activlty Grants receNable Fee5 recelvable for care and support Rent and service charges Grants receivable Fees received from residents Fee5 recelved from residents 4,500 520,356 485,871 458,201 417.167 1,010,727 875,368 Grants received, Included In the above. are as follows.. 2024 2023 West Mldlands Care A550ciatlon 4,500 CHARITABLE AcfiviTIES COSTS Oirect Costs (see note 51 Support costs (see note 61 Totals Charltable actlvities Supportcosts 826,833 {Z,Z771 826￿33 145,059 147,336 824,556 147,336 971,892 DIRECT COSTS OF CHARITABLE AcfiviTIES 2024 2023 Staff costs Hlre of equlpment Rent, rates and water Light and heat Repairs and maintenance Insurance Food costs Cleanlng costs Recreational and occupational Motor and travel Depreciation 599,170 12,320 101,227 24,9Z8 18,030 6,Z48 49,020 8,714 3NIZ 145 1,342 531,926 11,636 88,930 20,523 19,161 7,469 48,687 7,867 3,518 229 885 824,556 740,831 Page 22 continued.. WORDSLEY HOUSING SOCI NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance costs Other Totsls Support costs 141,564 5,772 147,336 Support costs are those costs that have been Incurred in order to further the contlnued development of the Soclety's charltable actlvltles. Support Costs, Included In the above, are as follows.. 2024 Support Costs 2023 Total attlvities Wages Soclal security Pen51ons General expenses Legal and profe551onal Telephone Subscription5 Security Prlntin& postage and statlonery stsff traSnln8 COSt5 8ad debts Exceptional Items- redundancy Auditors, remuneratlon 78.132 8,257 15,933 6,670 5,442 5,219 4,055 2,399 10,92Q 4,537 76,963 8,524 13,398 4210 5A59 4,306 3,679 2,844 4,918 6,312 224 15,179 5,700 5.772 147,336 152.116 NET INCOMEIIEXPENDITUREI Net incomellexpendlturel15 stated after chargingjlcreditingl: 2024 2023 Audltors, remuneratlon Depreciation- owned assets Other operatlng leases 5,77Z 1,342 12,320 5,7 885 11,636 Page 23 continued... WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 TRU5TEES' REMUNERATION AND BENEFIT5 There were no trustee5' remuneration or other benefit5 for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES, EXPENSES During the year expenses totslllng £6312023: £251 were relmbursed to trustees. STAFF COSTS 2024 2023 Wages and salarles Soclal securlty costs Other pension costs 647,920 37,639 15,933 585,293 32,120 13,398 701,492 630,811 The average monthly number of employees during the year was a5 follows,. 2024 37 2023 39 Management, admlnistratlon and sUPPOrt No employees recelved emoluments In exce55 of £60,OLMJ. io. COMPARATIVE5 FOR THE STATEMENT OF FINANaAL AcllviTIES All of the funds In the Statement of Financlal Actlvltles in 2023 were unrestrieted. ii. PENSION COMMITMENTS The Soclety contrlbute5 to the Indlvldual penslon plans of certaln employees. The a55et5 of these schemes are held Separately from those of the Soclety in Independently adrnlnistered funds. The total contributions for the year amounted to £15,93312023.. E13,3981 and outstsndlng contrlbutlons as at 31 March 2024amounted to £3,05312023: £601. Page 24 continued... WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSErs Flxtures and flttin8S Computer equlpment Tots15 COST At l Aprll 2023 Additlons 100,660 14,711 115371 At 31 March 2024 100,660 17,719 118,379 DEPRECIATION At l April 2023 Charge for year 98,890 590 14,711 752 113,601 1,342 At 31 March 2024 99,480 15,463 114,943 14ET BOOK VALUE At 31 March 2024 1,180 2,256 3A36 At 31 March 2023 1,770 1,770 13. FIXED ASSET INVESTMENTS 2024 2023 Investments 162,671 147,323 There were no investment asset5 Outslde the UK. Investments Inelther Ilsted nor unllstedl We￿ as follows.. 2024 2023 Brought fonvard Investment additlons Investment disposals Revaluations 147,323 25,189 119,8161 9,975 163,256 115,9331 162,671 147,323 All listed Investments are carrled at their falr value whlch Is determlned by reference to the quoted prlce for Identical assets in an active market at the balance sheet date. The historical cost of listed investments amounted to £152,80712023.. £149,210). Page 25 continued... WORDSLEY HOUSING SOCIETY NOTES TO THE ANANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Accrued income Prepayments 38,417 10,573 3,393 35,401 7,8(K) 6,843 52,383 50,044 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credltors Soclal securlty and other taxes Other credltor5 Accrued expenses 9,380 8.884 3.862 19,137 7,371 8,370 11,639 21,958 41,263 49,338 16. LEASING AGREEMENTS Minimum lease and commitment payments under non