Registered Charity Number.1199725
Apostolic Church of Fellowship CIO
Trustees Report and Accounts for the year ended
31 March 2024
Apostolic Church of Fellowship CIO Trustees Report and Accounts
For the Period from 1 August 2023 to 31 March 2024
| Contents | |
|---|---|
| Page | |
| Charity Information | 2 |
| Trustees Report | 3/8 |
| Independent Examiner’s Report | 9/10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Accounts | 13/17 |
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
References and administrative information Trustees: Bishop Keith McKoy (Chair) Overseer Maralyn McKoy-trustee Minister Marcia Haughton-trustee Elder Trevor Haughton-trustee Principal address Kingston Road Community Hub Kingston Road Manton Worksop Nottinghamshire S80 2UH Independent Examiners Donovan St.H. Modest Modest & Co Financial Services Ltd 189 Greenhill Avenue Sheffield S8 7TJ Bankers: CAF Bank ltd 25 kings Hill Avenue kings Hill West Malling Kent ME19 4JQ
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Trustees Report
Introduction
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the and Republic of Ireland (FRS 102) (effective 1 January 2019).
Apostolic Church of Fellowship was incorporated as a Charitable Incorporated Organisation on 1 August 2023.
This decision was driven primarily by the desire to take advantage of the separate legal personality and limited legal liability for Trustees.
Aims and purposes
Apostolic Church of Fellowship has the responsibility of promoting the Oneness Apostolic Faith, primarily but not exclusively within Worksop and the surrounding area, evangelism, Outreach, social and community.
Apostolic Church of Fellowship worship services are through scriptures, preaching, teaching, prayer, singing and music.
Objectives and Activities
Apostolic Church of Fellowship is committed to ensuring that as many people as possible come to worship at the church and to become part of the community of Worksop and the surrounding area.
Achievements and Performances
Apostolic Church of Fellowship is Part of the Fellowship of Churches under Fellowship Ministries Of Jesus Christ Apostolic, we organise weekly services, both in the sanctuary and online for the church members and the general public.
The services involve prayers, Bible study, interactive discussions, and worship. These services are also open to the general public. We also carried out activities for the Youth and Young Adults Ministry (weekly), the Women’s Ministry (monthly) and the Men’s Ministry (also monthly).
In addition, we have made some achievements in line with our 2023/2024 church annual strategic plans as follows:
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Trustees Report(Continued)
1. Spiritual Growth & Discipleship
Increased weekly Bible study attendance by 50 % , fostering deeper scriptural understanding. Launched a New Believers’ Class , helping 5 + new members grow in their faith. Held a 3-day revival conference , with testimonies of spiritual renewal and healing.
2. Evangelism & Outreach
Conducted monthly street ministry , reaching over 10 people with the Gospel. Hosted a community outreach event , distributing 10 + food packages to families in need. Saw 3 people baptised in Jesus’ Name and 4 received the Holy Ghost through outreach efforts.
3. Church Growth & Development
Welcomed 3 new members into the church family. Upgraded our sound and media system to improve worship and online services. Expanded our children’s and youth ministry, adding Sunday School classes and activities.
4. Missions & Global Impact
Supported two international missionaries through financial and prayer support. Partnered with a local shelter, providing volunteers for quarterly service projects . Collected and sent 30 Bibles to an overseas Apostolic mission field.
5. Financial Stewardship & Sustainability
Successfully raised £2,000 through fundraisers for building improvements. Implemented a digital giving platform , making tithes and offerings more accessible. Reduced church expenses by 10% through better financial planning.
6. Fellowship & Church Community
Hosted a Family and Friends Day , bringing in over 30 visitors to the church. Organised a church retreat , strengthening faith and relationships among members. Launched a women’s and men’s ministry , providing spiritual support and mentorship.
Looking Ahead
As we celebrate these accomplishments, we remain committed to our mission of spreading the Gospel, growing in Christ, and serving our community. We look forward to even greater things in the coming year!
Furthermore, we celebrated Christmas 2024 with a fellowship dinner New Year and Easter. we celebrated with all our church members, community families and friends.
We had 0 Baptism; 1 received the Holy Ghost; We had 1 Baby Blessings: We celebrated 0 Homegoing Services; 3 number joining the church.
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Trustees Report(Continued)
Future Plans
At ACF, we are committed to growing in faith, reaching our community, and fulfilling the Great Commission through the power of the Holy Spirit. As we look to the future, our vision is guided by prayer, biblical teaching, and a deep love for God and His people.
1. Spiritual Growth & Discipleship
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Strengthen our Bible study and discipleship programs to equip members for a deeper relationship with Christ.
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Develop mentorship initiatives for new believers to foster spiritual maturity.
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Increase prayer meetings and fasting initiatives to seek God's direction.
2. Evangelism & Community Outreach
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Expand our evangelistic efforts through local outreach, street ministry, and home Bible studies.
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Establish a community service program to assist those in need, including food drives, clothing donations, and counselling services.
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Engage in digital ministry through social media, live-streamed sermons, and online Bible studies to reach a broader audience.
3. Church Growth & Development
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Work towards acquiring a larger worship space or improving current facilities to accommodate future growth.
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Implement structured leadership training programs to empower emerging church leaders.
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Strengthen fellowship opportunities through church events, retreats, and youth programs.
4. Missionary Support & Global Impact
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Support Apostolic missionaries and church planting efforts locally and abroad.
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Organize mission trips to spread the gospel beyond our immediate community.
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Partner with other Apostolic churches and organisations to further the Kingdom of God.
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Trustees Report(Continued)
5. Financial Stewardship & Sustainability
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Encourage faithful giving and wise financial management to support church ministries.
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Explore fundraising efforts to support building projects, community programs, and mission work.
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Develop business initiatives or vocational programs that align with biblical principles to create financial stability.
As we step into the future, we remain faithful to our Apostolic heritage, standing firm in the Word of God and the power of the Holy Ghost. We believe that God has great plans for ACF, and we eagerly anticipate the revival, transformation, and blessings that lie ahead.
Statement of Trustees` responsibilities
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and apply them consistently
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Observe the methods and principles of the Charities SORP 2005;
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Make judgements and accounting estimates that are reasonable and prudent
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• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to do so.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Trustees Report(continued)
Structure, Governance And Management
The Church is governed by an Approved Governing Document. Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ and following a mode of baptism as per Acts 2v38.
A trustee meeting takes place throughout the year and has responsibility for the overall policy of the church. In accordance with the Constitution, the trustees, who together with the Pastor, Church Secretary and Treasurer, are responsible for the day to day running of the church’s work, and the financial and legal aspects of the charity. All trustees are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
Relevant matters may be submitted to the General Congregational Church meeting by the Trustees for guidance or may be raised by members in General Congregational Church meeting for further consideration by the Trustees.
Public Benefit
The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided By:-.
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➢ Providing regular public worship open to all
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➢ Providing sacred space for personal prayer and contemplation
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➢ Conducting pastoral work including visiting the sick and the bereaved
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➢ Teaching Christianity through sermons and Bible studies.
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➢ Promoting the whole mission of the church through activities for senior citizens, parents and toddlers and other special needs groups
Financial Review
The results for the CIO’s first period were in line with the trustees’ expectations, with income from Donation, Offering, investment Income and other income for the period of £20,235 and are detailed in the financial statements.
Total expenditure in the period was £21.117 was spent to provide the Christian ministry.
The net result for the year was a loss of £882 and adding bank and deposit balances brought forward at the beginning of the year, the balances carried forward at 31 March 2024 for unrestricted funds totalled £72,355.
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Trustees Report(Continued)
Reserves Policy
The Trustees review the policy on reserves and set targets at least once per annum with reference to the guidance and terminology published by the Charity Commission. The policy is also reviewed, when warranted by changes in risk assessment or business plans. The review includes unrestricted and, designated funds and tangible fixed assets. Transfer to and from funds are authorised by the Trustees acting as a whole.
Risk Management
- The trustees have examined the major risks which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Approved by the trustees and signed on their behalf by:
Bishop Keith McKoy- Chair February 2025
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Independent examiner’s report to Apostolic Church of Fellowship CIO
I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 11 to 17.
Respective responsibilities of the Committee and the examiner
The charitys trustees are responsible for the preparation of accounts. The charitys trustees consider that an audit is not required for this year section 144(2) of the charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act.
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 act; and
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To state whether particular matters have come to my attention
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Basis of independent examiner`s report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts, which accord with the accounting records and comply with the requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donovan St H Modest, HND (Business Studies - Accounting), ACG, CIMA Adv Dip MA, CeMAP Modest & Co Financial Services Ltd 189 Greenhill Avenue, Sheffield, S8 7TJ February 2025
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
Statement of Financial Activities
| 1August | 2023 to 2024 | ||
|---|---|---|---|
| Notes | Unrestricted | Total Funds | |
| Fund | |||
| 2024 | 2024 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||
| Donation and legacies | 2 | 11,503 | 11,503 |
| Other Income | 3 | 8,047 | 8,047 |
| Investment income | 4 | 685 | 685 |
| Total | 20,235 | 20,235 | |
| EXPENDED ON | |||
| Expenditure on charitable activities | 5 | 21,117 | 21,117 |
| Total | 21,117 | 21,117 | |
| NET INCOME | (882) | (882) | |
| RECONCILLIATION OF FUNDS | |||
| Total funds brought forward | 73,237 | 73,237 | |
| TOTAL FUNDS CARRIED FORWARD | 72,355 | 72,355 |
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
| Balance Sheet as at 31 March 2024 | Balance Sheet as at 31 March 2024 | Balance Sheet as at 31 March 2024 | |
|---|---|---|---|
| 2024 | 2024 | ||
| Notes | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 7 | 5,803 | 5,803 |
| Current Assets | |||
| Cash at Bank | 48,962 | 48,962 | |
| Debtors | 8 | 11,437 | 11,437 |
| Accounts receivables | 9 | 15,391 | 15,391 |
| 75,790 | 75,790 | ||
| Current Liabilities | |||
| Amount falling due | 10 | 9,238 | 9,238 |
| within one year | |||
| Net current assets | 66,552 | 66,552 | |
| Total Assets less | 72,355 | 72,355 | |
| Current Liabilities | |||
| Creditors: amount | - | - | |
| falling due after one | |||
| year | |||
| Total Net Assets | 72,355 | 72,355 | |
| Funds of the charity | |||
| Total Unrestricted | 72,355 | 72,355 | |
| Funds |
The notes on pages 13 to 17 form part of these financial statements
Accounts approved by the trustees and signed on their behalf by:
Bishop Keith McKoy- Chair February 2025
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
N otes to the financial statements for the period 1 August 2023 to 31 March 2024
1 Accounting Policies
a) Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention
b) Income and Expenditure
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All income and expenditure is accounted for on an accrual basis.
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c) Fund Accounting
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The unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the
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Charity.
There are no restricted funds held by the Charity
d) Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property not provided Leasehold Building improvement 4% straight line Plant & Machinery 10% straight line Fixtures & Fittings 20% straight line Office Equipment 20% straight line Audio Visuals 10% straight line Laptops & Computers 20% straight line Motor Vehicle 20% straight line
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
N otes to the financial statements - continued for the period 1 August 2023 to 31 March 2024
2 Donation and Legacies
| 1 August 2023 | ||
|---|---|---|
| to 31 March 2024 | ||
| Unrestricted | Total | |
| Funds |
Funds | |
| £ | £ | |
| Donations & | 11,503 | 11,503 |
| Offering | ||
| Total | 11,503 | 11,503 |
3. Other Charitable Activites
| 1 August 2023 | 1 August 2023 | |
|---|---|---|
| to 31 March 2024 | ||
| Unrestricted | Total | |
| Funds | Funds | |
| £ | £ | |
| Gift Aid | 5,959 | 5,959 |
| Fundraising & | - | - |
| Sponsorship | ||
| Other income | 2,088 | 2,088 |
| Total | 8,047 | 8,047 |
4. Investment Income
| 1 August 2023 | ||
|---|---|---|
| to 31 March 2024 | ||
| Unrestricted | Total | |
| Funds | Funds | |
| £ | £ | |
| Interest | 685 | 685 |
| Received | ||
| Total | 685 | 685 |
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
5. Analysis of expenditure on charitable activities
| Unrestricted | Total | |
|---|---|---|
| Funds | Funds | |
| Administration | 271 | 271 |
| Depreciation on tangible assets: | 787 | 787 |
| Owned by the Charity | ||
| Financing cost | 55 | 55 |
| Insurance | 861 | 861 |
| Utilities | 4,954 | 4,954 |
| Computer & Software | 233 | 233 |
| Communication | 2,136 | 2,136 |
| Governance Cost | ||
| Independent Examination | 520 | 520 |
| Professional Fees | 463 | 463 |
| Transportation & Travel | 170 | 170 |
| Mission & Ministry Cost | 2,581 | 2,581 |
| Evangelism & Outreach | ||
| Property Expenses | 3,992 | 3,992 |
| Honoria | ||
| Supplies & Services | ||
| Fundraising Cost | ||
| Equipment Purchase/ Repairs & | 66 | 66 |
| Maintenance | ||
| Marketing & Advertising | 110 | 110 |
| Security/Health & Safety | ||
| Miscellaneous Expenses | 100 | 100 |
| Exceptional Item | 3817 | 3817 |
| Total | 21,117 | 21,117 |
6. Trustees Remuneration and Benefits
There was no trustee`s remuneration or benefits for the year ended 31 March 2024
Trustees` expenses
There was no trustee`s expenses paid for the year ended 31 March 2024.
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Apostolic Church of Fellowship CIO
Trustees Report and Accounts
For the Period from 1 August 2023 to 31 March 2024
N otes to the financial statements - continued for the period 1 August 2023 to 31 March 2024
7. Tangible Fixed Assets
| Freehold | Leasehold | Plant & | Fixtures/ | Office | Audio | Laptops | Motor | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Property | Building | Machinery | fittings | Equipment | Visuals | & | Vehicle | |||
| Improvement | Computer | |||||||||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | ||
| Cost | ||||||||||
| 1 August | - | - | 718 | 553 | 2,258 | - | - | - | 3,529 | |
| 2023 | ||||||||||
| Additions | - | 2,586 | - | - | - | 475 | - | - | 3,061 | |
| Surplus on | - | - | - | - | - | - | - | - | - | |
| revaluation | ||||||||||
| Disposal | ||||||||||
| At 31 March | - | 2,586 | 718 | 553 | 2,258 | 475 | - | - | 6,590 | |
| 2024 | ||||||||||
| Depreciation | ||||||||||
| 1 August | - | - | - | - | - | - | - | - | - | |
| 2023 | ||||||||||
| Charge for | - | 104 | 72 | 111 | 452 | 48 | - | - | 787 | |
| the year | ||||||||||
| On disposals | - | - | - | - | - | - | - | - | - | |
| At 31 March | - | 104 | 72 | 111 | 452 | 48 | - | - | 787 | |
| 2024 | ||||||||||
| Net book | ||||||||||
| value | ||||||||||
| At 31 March | 2,482 | 646 | 442 | 1,806 | 427 | - | - | 5,803 | ||
| 2024 |
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Apostolic Church of Fellowship CIO Trustees Report and Accounts For the Period from 1 August 2023 to 31 March 2024
N otes to the financial statements - continued for the period 1 August 2023 to 31 March 2024
8. Debtor
| 2024 | |
|---|---|
| £ | |
| Trade Debtor | 11,437 |
| Total | 11,437 |
| Accounts Receivable | |
| 2024 | |
| £ | |
| Accruals | 357 |
| loans | 190 |
| FMJCA-National | 6,239 |
| Kingston Community Hub | 4,941 |
| FMJCA | 2,916 |
| Prepayment | 263 |
| Fundraising | 10 |
| FMJCA | 200 |
| KRCH | 275 |
| Total | 15,391 |
9. Accounts Receivable
10. Creditors
| 2024 | |
|---|---|
| £ | |
| Creditors: amounts falling due within one | 520 |
| year | |
| Trade Creditor | 8,718 |
| Total | 9,238 |
11. RELATED PARTY DISCLOSURE
There were no related party transactions for the year ended 31 March 2024.
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