Cornpany no. 07607693 Charity no 1143313 Borderlands (South West) Limited Report and Unaudited Financial Statements 31 March 2025 Bord8rtands (South W8StI Limited Rofertrncè and administrative details For the ear ended 31 March 2025 Company numbèr 07607693 Charfty number 1143313 Registerad offic8 and OP8rational address The Assisi Centre Lawford5 Gale Bristol BSS ORE Trusts8S Trustees. are also directors under company law. served during the period and up lo the date of this report were as follows.. 'mberlee Carstensen Patrick McAlees Bernard Morris Cynthia Ochieng Sneh Patel Nicholas Tarr (appointed 18 December 20241 Bank•r¥ Uoyds Bank dem)ore Bank 4445 George White Street Westem House Cabot Circus Lynch Wood Bri5101 Pelerborough 8S1 3BA PE2 6FZ Indep•nd•nt examln•Ys Godfrey Wilson Limited Chartered accountants and $talutw audrtors 5th Floor Mariner House 62 Prince Street Bristol BS14QD Bordarfands (South Wast) Limited Roport of thè trustees For the ear ended 31 March 2025 Reference and adminislralive informatson sel out on page 1 form5 Part of this report. The financial slalements comply with curTent sLitutory requirements, the Memorandum and Articles of Association and the Statement of Recommended pra￿e- AccoLbntsng and Reporting by Charities (effective from January 20191. 1. Structurg, govoman¢o and manag•m*nt Borderfands (South Westl Limited is constituted as a registered charity and company limited by guarantee. Our governing documents are the Memorandum and Articles of Associats'on of the Company. New trustees are reerurted by advertising and recommendath.on to bring new strengths and expertise, fill skill gaps and increase diversity to reflect the communities we work with. Following a selection process and appropriale background checks, new trustees are formally appointed after discussion al a meety'ng of existsng tru$lee$. As part of our ambtb'on to be more member-led, we intend to recruit trustees with liveil experience of the UK asylum system as we go forward. 2. Obl¢¢tlv•s and actl¥ltl•s Borderlands aims to create a ￿MMUnty of ￿1￿me %thi¢h supports asylum seekers, refugees and migrants insecure stslus in the Bristol area to move Yrom exdusion lo belonging,. Established in 2011, the charity grew out of the activib.es of Sl Nicholas Church in Easton, a deprived and diverse inner-city area. We have an ethos ¥thich respects and values every individual., we do not promote religion and wrk vrth people of all faiths and none. Our work 1$ trauma- inlormed and rooted in our values of Warmth. Sharing, Dignty and Respect. Our mission is to support people from a time of Crisis vthen they first arrive in Bristol lo a point where they can live independent lives. We have a strong focus on empowering the people we work with lour 'members'l to take charge of their ovffl lives. working alongside them and learning from them. We also advocate for a lair and humane immigration system people seeking refuge are treated wth dignity and respect. Our vision Is a world where refugees and asylum seekers can seek sanctuary and justice, make fvll use of their talents and abilities, feel valued for their contribution and build *￿rth￿lIe lives. The purpose of Bordedands as set out in our goveming document is". lo relieve asylum Seekers and Telugee5 in need. haTd5hip and distres5 by reason of their Social and economic circumstances by the advancement of educats'on, relief of poverty and the preservation and protection of good health., to promote social inclusion by preventing people from becoming socially excluded, relieving the needs of those people who are socialty excludeil and assisting them lo integrate into society., and to advance the education of the public regarding a5￿uM seeker5 and refugees wth the aim of increasing community cohesion and inforniing public policy. Our membgrs Around 63% of our member5 are asylum seekers, 25% aTe refugees and 12% are other vulnerable migrants including refused asylum seekers and survivors of trafficking and modern slavery. They come from many different countries including Afghanistan, Eritrea, Sudan, Somalia, Syria, Iran and Iraq. Bordarfands (South Wast) Limited Roport of thè trustees For the ear ended 31 March 2025 People seeking sanctuary in the UK are foreed into poverty, hardship and social isolation and exclusion. Many have experienced traumatsc events before arriving here and, in many cases, are re. traumatised by the UK asWum system. Ever26. We aim to secure more multi-year funding in the coming year lo build sustsinability as V*e develop and grow our work. including applying for conts'nuatson funding. Rosorv88 pollcy The Trustees have a General Reserves Policy which foll0v￿ Chanty Commission guidance. This protects our operations and essential services from the polentsal risk of di$rupb'on at short notice due lo a lack of fvnd$ while ensuring Borderlands does nol relain income lor longer than required. The policy lakes into account operabng expenses and maintenance of essential services in the event of a downturn in income andlor unforeseen increases in costs. It also lakes a¢￿Unt of the contractual obligation$ lo our employees and the costs of dosure or wnd-down of our core operations. Borderfand$ calculates ils general (free} reserves by working out Un￿Strided net current a$$ets. At 31 March 2025. nel current assets were £275.150. of vthich £109,231 is restricted. leaving £163,474 8$ general lfreel reserves. Our forecast expendrture for 202>26 is £407,930. so reserves represent approximately five months, costs, which is in accordance wth the trustees. policy of maintaining free reserves at between four and six months, Costs. The basis of delemining the tsrgel reserves level is kept under periodic rewew and will be adjusted as perceptions of risk and other factors change. Please note.. a proportion of unrestricted funds on Ihe balance sheet relates to a house owned by Borderfands used to provth supported housing for refugees. These funds are therefore not available for spending. R•$trlct&d funds Reslri¢ted funds are held separately wihin the ac¢(KJnls and a￿ spent Mlhin the time-frame indi¢ated by the donor. which may ￿Ver MO￿ than one financial year. Reslri¢ted funds we £109.231 on 31 March 2025. 14 Bordarfands (South Wast) Limited Roport of thè trustees For the ear ended 31 March 2025 ststomant of rosponsibilitios of tho trustoos The trustees (who are also directors of the charty for the purposes of company lawl are responsible for preparing the trustees, report and the ffinancial statements in accordance wth applicable law and United Kingdom Accounting Stsndards. including Financial Repo￿.ng Standard 102". The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practscel. Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair wew of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial stslements the Iruslees are required lo.. select 5uilable accounting policies and then apply them consislenuy., observe the methods and principles in the Chanties SORP., make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK accounting standards and statements of re¢ommen¢Jed practice have been followed. subject to any malenal (Jepartvres disclosed and explained in the financial 51alemenls'. and prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charity wll continue in operation. The Iruslees are responsible for keeping proper accounting records Nthich disclose reasonable accuracy al any lime the financiol p0511ion of the ¢haTity and which enable them lo ensure that the financial statements comply wilh Ihe Companies Act 2006. The tTUStees are also responsible for safeguarding the assets of the Charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularibes. The trustees are responsible for the maintenance and integrrty of the corporate and financial information included on the charitable company's websrte. Legislation in the United Kingdom governing the preparation and dissemination ol financial statements may differ from legislation in other jurisdictions. Members of the charrtable company guarantee to contritsjle an amount not exceeding £10 to the assets of the charity in the event of wnding up. The trustees are company members but this enlilles them only lo voting rights. The Irustees have no beneficial interesl in the charity. Indgpgnd•nt Qxamlners Godfrey Wilson Limited were revappointed as independent examiners lo the charitable company during the year and have expressed their ￿lIlingneSS to continue in that capacity. Approved by the trustees on 12 August 2025 and signed on their behalf by Kimbedee Carstensen, Chair Independent examinerfs report To the tTustses of Borderfands South West Limited I report lo the Iruslees on my examination of the accounts of BoTderland5 (South Wesll ￿"MIted Ilhe charitable company) for the year ended 31 March 2025, vthich are set out on pages 18 to 30. Responsibilities and basis of report As the trustees of the charrtable company land also rts directors for the purposes of ¢ompany lawl you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 (the 2006 Act'l. Having satisfied myself Ihat the a¢¢ounls of the Charitable ￿MpanY are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the ¢harrtable company's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In Carr￿ng out my examination I have followed the Direth'ons given by the Charity Commission under section 14515} Ibl of Ihe 2011 kl. Independent examinotrs statsment Since the charitable company's gross income exceeded £250,000 your examiner mu51 be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member ol the Instilule of Chartered A¢￿UntantS in England and Wales IICAEWI, thich is one of the listed bodies. Godfrey Wilson Limited also provides bookkeeping and payroll services lo the charrtable company. I confi'rm that as a member of the ICAEW l am subjecl to the FRC'S Revised Ethical Standard 2016, whi¢h I have applied wth re$pe¢t to this engagement. I have Completed my examination. I confim that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. 111 accounting records were not kept in respect of the Charitsble company as required by section 386 of the 2006 Act., or 121 the accounts do not accord those records., or 131 the accounts do not compty wth the accounting requirements of section 396 of the 2006 Act other than any ￿qU1￿ment that the accounts give a 'lrue and fair view which is not a matter Considered as part ol an independent examination, or 141 the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of Recommended Practice for accounts'ng and reporting by charities applicable to ¢haritie$ preparing their accounts in a¢wrdan¢e wih the Financial Reporting Standard applicable in the UK and Republic of Irelan(l {FRS 1021. 16 Independent examinerfs report To the tTustses of Borderfands South West Limited I have no con¢ems and have come across other matters in conneth.on with the examination lo which attenb'on should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Dale.. 18 August 2025 Dougal Howard ACA Memberofthe ICAEW For and on behaw of.. Godfrey Wllson Umltsd Chartered accounlanls and slatulory auditors 5th Floor Mariner House 62 Prince Street Bristol BS14QD 17 Bordarfands (South W8StI Limited ststemont of finan¢lal a¢llvltl•s (inconx)Trling an income and e￿pendrfU￿ a¢counl) For the ear ended 31 March 2025 2025 Total 2024 Totsl Restricted Un￿striCted Note Income frorn: Donations and legacies Charitsble activities Investsnenls 250,804 147,206 12.000 3.463 398,010 12,000 3,463 260,988 12.264 2.556 Total income 250,804 162,669 413473 275,808 Exponditure on: Raising lunds Charitsble activities 22.639 70,189 22,639 276,452 21.485 274,636 2￿,263 Total expgnditurg 2￿,263 92,828 299,091 296.121 Not Incomo I lexpfrndlturo) and nfrt movement In funds 44,541 69,841 114,382 120,3131 R•¢onclllatlon of funds.. Total funds brought forwar 64,690 275,481 340,171 360.484 Total funds ¢•rrled lov￿rd 109,231 345,322 454 $$3 340.171 All of the above resutt5 are derived from continuing ath'vities. There ￿re no other recognised gains or losses other than those stated above. Movements in fiJrKl$ are disclosed in note 15 to the a￿OUnt$. 18 Bordarfands (South Wast) Limited Balance $h••t As at 31 March 2025 2025 2024 Note Flx•d a$$ot$ Tangible assets 10 19B,153 205.739 Current assets Debtors Cash at bank and in han(1 13,203 292,297 47,114 161.144 305,500 208,258 Liabilitios Creditors.. amounts falling due wlhin 1 year 12 30,350 30,076 Not currènt assets 275,150 176.182 Total assets less currnnt liabiliti9¥ 473,303 383,921 Creditors.. amounts falling due after more than 1 year 13 18,750 43,750 Net assets 14 454,553 340.171 Funds Restricted lunds Unrestricted funds General funds 15 109,231 64,690 345,322 275,481 Total ¢harfty funds 454,553 340,171 The directors are satisfied that the company is entilled to exemption from the provisions ol the Companies Act 2006 (the Act) relating to the audrt of the financial statements for the period by virtue of sedion 477121. and that no member or members have requested an audrt pursuant to se¢li¢)n 476 of the Act. The director5 acknovAedge their respon5ibilrties for.. lil ensuring that the Company keeps proper accounting records vthich comply with section 386 of the A¢t'. and {iil preparing financial statements which give a true and fair wew of the stsle of affairs of the Company as al the end of the financial year and of rts profrt or loss for the financial year in accordance with the requirements of section 393, and %thich otherwise comply wth the requirements of the Act relating to financial statements, so far as appI￿able to the company. These accounts have been p￿pared in &cordance the special provisions applicable to companies subject to the small companie5. regime. Approved by the trustees on 12 August 2025 and signed on their behalf by Kimberfee Car5tensen, Chair 19 Bordorland$ (South West) Llmltsd Notes to finan¢lal $tst•mgnts For the ear •nd•d 31 March 2025 Accounting policiès al Basis of prèparation Boiderlands Isoulh Wesll Limited is a charitsble company limited by guarantee registered in England and Vvales. The regISte￿d office address is The Assisi Cenlre. Lawfords Gale. Bristol, BS5 ORE. The financial stslements have been prepared in accordance wth Accounting and Reporting by Charities Statement of Recommended Practice applicable to ¢hari(ies in preparing their accounts in accordance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffedive 1 January 20191 Ichanties SORP IFRS 10211, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Ad 20Ck8. Bordedands Isoulh Wesll ￿Mited meets the definth.on of a kxjblic benefit entrty under FRS 102. Assets and Iiabililies are initsally recognised al historical cost or transaction value unless olhewse stsled In the relevant accounting policy note. bl Golng concorn bas1$ of accountlng The accounts have been prepared on the assumptson that the charity 1$ able lo continue as a going concern. whi¢h the Iruslees consider appropnale having regard to the current level of unreslri¢led reserves and confimed future funding. There are no materi81 uncertainlie$ about the charrty's ability lo ¢onbnue as a going ¢oncem. cl Income Income 1$ recognised when the thanty has enlidemenl to the funds. any performance condrtions attached lo the rtem of Income have been met. il is probable that the income will be received and the amount Can be measured reliably. Income from the govemmenl and other grants. vknelher '¢aprtal' grants or 'revenue' gran15, IS re￿gnised when the charrty has enlitlemenl lo the funds, any perfomance condits"on5 attached lo the grants have been mel, il is probable that the income wll be received and the amount can be measured reliably and is r￿t delerred. dl Donated $eTvi¢e$ and faciliti•s Donated professional services and donated facilitie5 are recognised as income vthen the charity has control over the item, any conditions associaled with the donated item have been met, the receipt of economic benefit from the use by the charty of the item, 15 probable and the economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, general volunteer time 15 not recognised. On receipt, donated professional services arKI donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been wlling to pay to obtain service5 or facilities of equivalenl economic benefit on the open market., a corresponding amount is then recognised in expendilure in the period of receipt. el Inte￿$t re¢eivable Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the charty.. this is r￿rmal￿ upon notTfication of the interest paid or payable by the bank. 20 Bordorland$ (South West) Llmltsd Notes to finan¢lal $tst•mgnts For the ear •nd•d 31 March 2025 Accounting policiès {continuad} fj Funds accounting Unreslncted funds a￿ available to spend on acb"wb"es that further any of the purposes of the ¢harty. Reslncled lunds are donations which the donor has specified are to be solely used for particular areas of the charity's I￿rk or for sperAfic projects being undertaken by the charity. gl Exp8nditur• and irrèco¥•rabl• VAT Expenditure is recognised once there is a legal or constructive obligation lo make a payment to a third party. il is probable that settlement wll be reqUI￿d and the amount of the obligation can be measured reliably. Irrecoverable VAT is Charged as a cost against the acb.wty for vrt)ich the expenditure was incurred. h) Allo¢atlon of Support and go¥•man¢• costs Support costs are those functions that assist the work of the ¢harity bul do not direclty undertake charitsble acb"vits"es. Govemance ¢osts are the costs associated wlh the govemance arrangements of the charity, including the costs of complying Wth conslilutional and slalulory requirements and any costs associated with the strategic management of the charity's adivilies. These Costs have been all¢eated in lull lo the cost of Charitable activities in both the current and prior year. on the basis that the charty has not expended any significant resources towards fundraising this year, outside of the staff tsme and Consultaney already allocated. 11 Tanglbl• fixed a$s•ts Depreciation is provided at rale$ calculated to ￿lIe do%th the tosl of each asset lo ils estimated residual value over its expected useful lrfe. The depreciats.on rates in use are as follow8.' Freehold property Fumrture and equipment 50 years 4 years Items of equipment are capitalised vthere the purchase price exceeds £500. 11 Dobtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valLbed at the amount prepaid net of any trade discounts due. kl Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments wth a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 11 Creditor5 Creditors and Provisions are recognised ￿ere the charity has a present obligation resulting from a past event that wll probably resuli in Ihe transfer of funds to a third party and the amount due to settle the obligation can be measured or esb'mated reliably. Creditors and provisions are nomially recognised at their setuement amount after allowng for any trade discounts due. 21 Bordorland$ (South West) Llmltsd Notes to finan¢lal $tst•mgnts For the ear •nd•d 31 March 2025 Accounting policiès {continuad} ml Conc8ssionary loans The charitable company is in receipt of concessionary loans fof furtherance of their charitable activities. Concessionary loans are recognised vthen the commitment is entered into and the relevant loan documentation has been completed. The loans are initially recognised and measured at the amount received, wth the carrying amount adju$ted in subsequent years to reflect repayments and if ne￿SSary any accrued interest. n) Flnan¢ial In$lwmgnts The charitsble company only has finanual assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are inib.ally recognised al transaction value and subsequently measured at their settlement value wth the ey¢eption of bank loans vthich are subsequenuy recognised at amorb"se¢J cost using the effectwe interest method. ol Pon8Son costs The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA. pl Accountlng o$tlmato3 and k•y ludgwnents In the application of the eharty's accountsng ￿liCies, the trustees are required to make judgements, eslimales and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The eslimale5 and undertyng assumptions are based on historical experience and other factors that are eonsidered lo be relevant. Actual re$utt5 may drffer from theye e$timale$. The eslimales and undetyng assumptions are rewewed on an ongoing basis. Revisions to accounting eslimales are recognised In the period in which the estimate is revised Il the revision affects only that penod, or in the period of the revision and future periods rf the revision affects both current and future periods. The key sources of ests"malion uncertainty that have a signthcanl effect on the amounts recegnised in the financial statements are described below. Depreciation A5 described in note 11 lo the finaneial 5talement¥, depreciation is provided al rates calculated lo write do%￿ the cost of each asset to its estimated residual value over its expected useful life. Bordorland$ (South West) Llmltsd Notes to finan¢lal $tst•mgnts For the ear •nd•d 31 March 2025 Statsmont of financial activiti￿. prior pariod comparativ 2024 Totsl Restncted Unrestricted Incomè from: Donations and legacies Charitable activities Investments 157,506 103,482 12.264 2,556 260,988 12,264 2,556 Total income 157,506 118,302 275,808 Exp8nditurn on: Raisin9 funds Charitable actiwlies 21,485 79,489 21,485 274,636 195,147 Totsl oxpondltuY• 195,147 100,974 296,121 Ng1 Income I (ex￿ndIt￿le) •nd n•t mov8m•nt In funds 37,641 17,328 20,313 Incomè Irom donatlon• and l•ga¢l•s 2025 Totsl Restncle(l Unrestricted Companies and trusts Individuals Gifts in kind Gift aid 250.348 456 82.764 62.191 1,001 1,250 333,112 62,647 1,001 1,250 Total Incom• trom dOna￿on9 and l•gacios 250,804 147.206 398 010 Grft in kind income relates to donations of food items for the benefit of $eNice users. Prior period comparative: 2024 Totsl Restr￿e￿ Unrestricted Companies and trusts Individuals Gift aid 157,506 66.224 35,764 1,494 223,730 35,764 1,494 Total Incom8 from dOna￿on$ and 18gacS0s 157.506 103.482 260.988 23 Bordarfands (South Wast) Limited Notes to the financial statements For the ear ended 31 March 2025 4. Incom8 from charitablè activities 2025 2024 Rental income Other ¢harrtable acts'vities 12.000 12,000 264 12,000 12,264 All income from charitsble ath'vities is unrestricted. 5. Government grants The charitsble company receives government grants. defined as fvnding from Bristol City Council, South Gloucestershire Council. and the Bristol Impact Fund 2 to fund charitsble activities. The lotsl value of such grants in the penod ending 31 March 2025 was £53.40912024.. £55,381 from Bristol Cty Council, South Gloucestershire Council, and the 8ristol Impact Fund 21. There are no unfulfilled conditions or contingencies attaching to these grants in 2024-25. 6. Totsl expendltur• Support and governance Costs Charitable activities Raising funds 2025 Totsl Staff cos15 Inole 81 Other staff costs Project delivery costs Other project costs Premises costs Insurance Accountancy Consultancy Admin cost$ Depreciation 8,239 168,849 12,917 4,821 190,005 4,821 33,948 2,436 20,176 1,361 10,449 16,800 9,651 33,948 2,436 10.775 9,401 1,361 10,449 2,400 8.779 9.444 14,400 872 Sub-total Allocation of support and governance costs 22,639 216,880 59,572 299,091 59,572 59,572 Total oxponditur8 22.639 276.4S2 299,091 Total governance costs were £2.520 {2024: £2,400). 24 Bordarfands (South Wast) Limited Notes to the financial statements For the ear ended 31 March 2025 6. Total axp8nditur8 Icontinu8dl Prlor year ¢omparatl¥o Support and governance costs Charrtable activib.es Raising fvnds 2024 Total Stsff costs (note 81 Other staff c05t3 Dropin costs Other project costs Premises costs Insurance Ac¢ounlancy Consultancy Admin costs Depreciation 10.973 162.040 14.070 4,930 187.083 4.930 33.042 4,699 20,190 2.547 10.732 11.712 11,530 9,656 33,042 4,699 11,310 8,880 2.547 10.732 1,200 10,697 9,656 10,512 833 Sub-total Allocation of Support and governance costs 21.485 211.924 62,712 296.121 62,712 62,712 Total •xp8nditurg 21,485 274,636 296,121 25 Bordarfands (South Wast) Limited Notes to the financial statements For the ear ended 31 March 2025 7. Nat movamont in funds This is stsled after charging.. 2025 2024 Depreciation Trustees, remuneration Trustees, reimbursed expenses Independent examiner's remuneration (excluding VATI.. Independent examination Other services 9,656 2.100 6.607 2,000 5,765 8. Staff costs and numbgrs Staff costs were as follows.. 202$ 2024 Salaries and wages Social security Costs Pension costs 178,201 8.710 3.094 174,830 8,821 3,432 190.005 187,083 No employee earned more than £60.000 during the current or prior year. The key management personnel of the Charitable company wmprised the Trustees, CEO and Interim CEO. The total employee benefits of the key management personnel were £58.101 12024". Trustees, CEO and Interim CEO. £56.613}. 202S No. 2024 No. Average head wunt 9. Taxation The charity is exempt from corporation tax as all its income 1$ charitable and 1$ applied f¢y charitable purposes. 26 Bordarfands (South Wast) Limited Notes to the financial statements For the ear ended 31 March 2025 10. Tangibl8 fixèd assats Fmhold Fumltur• & proporty equipment Total Cost Al 1 April 2024 Additions Disposal$ 238,500 19,211 1,867 410 257.711 1.867 410 At 31 March 2025 238.500 20.668 259 168 Depr•clatlon At 1 April 2024 Charge for the year Disposals 38.160 4.770 13,812 4,674 401 51.972 401 Al 31 March 2025 42.930 18,085 Net book value At 31 March 2025 19S 570 198 153 Al 31 March 2024 205 739 11. Dèbtors 2025 2024 Prepayments Other debtors Accrued income 3.203 3,639 1,494 41,981 10,000 13.203 47,114 12. Creditors '. amounts due withln 1 year 2025 2024 Trade creditors Loans Accruals Pensions payable 1.052 25.000 3.992 306 2,139 25,000 2,272 665 30.350 30,076 27 Bordarfands (South Wast) Limited Notes to the financial statements For the ear ended 31 March 2025 13. Croditors '. amounts du• after 1 yaar 2025 2024 Loans 18.750 43,750 The loan is a 10 year loan from a fonner trustee for purchase of a residential property, secured by a legal mortgage over the propety. The h)an commenced in 2017 and is repayable at £25,000 per annum. No interest is charge