NISS!| HOMES LIMITED
(A COMPANY LIMITED BY GURANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CONTENTS
PAGE NO.
| COMPANY INFORMATION ~ |
) | 3 | |
|---|---|---|---|
| -TRUSTEE"S REPORT | 4-8 | ||
| INDEPENDENT EXAMINER'S REPORT | 9 | ||
| INCOMEANDEXPENDITURE ACCOUNT | 10 | ||
| ” | |||
| BALANCESHEET | 11 | ||
| NOTESTOTHEFINANCIALSTATEMENTS | 12-15 |
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COMPANY INFORMATION
COMPANY REGISTRATION NO: 07455989
CHARITY REGISTRATION NO: 1150564
DIRECTORS:
Olubukola Akeju Florence Ononeme
Trustees:
Olubukola Akeju Florence Ononeme Meyoma Rhonor
COMPANY SECRETARY:
Olubukola Akeju
GOVERNING DOCUMENT:
Memorandum & Articles of Association incorporated on ist December 2010, as amended by special resolution on 10 January 2012
REGISTERED OFFICE:
23a Church Lane
Wolverhampton WV2 4EJ
ACCOUNTANTS:
GV Accounting Services LTD
6 Tyfield Close Cheshunt EN8 80P
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NISSI HOMES LIMITED
Trustees Report jor year endea 31 December 2025
Chair of Trustees’ Message
On behalf of the Beard of Trustees, 'am pleesed +o oresent the Trustees’ Report for Nissi Homes Limited for tre vearended 3] Decertbe 2025 ;
This. year hes Deen one of continued growth, resilience, and impact for the charity. Despite financial pressures and increasing deimanc for our services, we have remained committed to our mission of supporting vulnerable individuals, relieving poverty, and providing safe accommodation alongside holistic cere, We nave seen iirst-hena the diflerence that stable housing, consistent support, and coMpassionate engagement Can Make in transtorming lives and restoring hope.
We are particulariy encouraged by thé measurable outcomes achieved during the year, including the expansion of our supported accommodation provision, the continued reduction in re-offending aang ou se-vice users, aad (be pce tive progress made by individuals moving towards independence, employment, anc improved wellbeing. These achievements would not have been possisle without the dedication of our staf, volunteers, partners, and supporters, whose commitment continues to strengthen our work within the community.
ha To osteas “emiain focused on su*ta‘abie grewth and future development, including expanding acconwrace’ a> provision strengshen‘9g partne-sh’ps, and progressing new initiatives that will create soportunities for vulnerable people to rebuild their lives with dignity and purpose.
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We extends ur sivcare gratitude to all funders, partner organisations, donors, and volunteers who have supcorted Missi Homes throughout the year. Your generosity and commitment enable us to continue maling a mezringful difference in the lives of those we serve,
Chair of Trustees : : ? Nissi Homes Limited Name of Trustees : : i. Bukola Akeju - Secretary , 2. Florence Ononeme 3. Mevoma Rhonor = Registered Office 234 Church Lane Wolverhampton ' ; West Midlands : WV2 4E] ; Objectives anc Activities ; > The erincipal obiects of NISS| HOMES LIMITED (NHL) as a Christian charity, are: 41) To encourage chatable activities towards all people within the Area of Benefit and The prevention or relief of poverty : 2) The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other cisadvantage. 7 ‘ 3) The provision of shelter and accommodation to those in need by reason of youth, age, illhealth, disability, financial hardship or other disadvantage, 4) To introduce ex-offenders and drug addicts. back,into.« societya and assist. their. rehabilitationaps. . by providing care’Support and supervision
The erincipal obiects of NISS| HOMES LIMITED (NHL) as a Christian charity, are:
All activities of the charity are for public benefit.
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Strategies for achieving objectives
The charity has adopted the strategies below aimed at achieving its objectives Provision of fully furnished shared accommodation facilities with shared communal arrears for
service users.
Provision of support workers to provide care, assistance, support, supervision, motivation and spiritual care
Organisation of training programmes, evangelical outreach events, activities, conferences and seminars aimed at meeting the objectives of the Charity.
To collaborate with other stakeholders and partner agencies in achieving the same goals for the service users, sign posting as needed.
Support for other charities
Support for Christian events
Support and Assistance to service users and individuals in need.
Activities for carrying out objectives
Sourcing privately rented accommodation from landlords and furnishing same
Training programmes, Conferences, workshops and events
Fortnightly activities at the Hub for community benefit
Bi-weekly visits from experienced support staff and regular phone calls to provide support with tangible outcomes.
Provision of a soup kitchen and similar free meal outlets
Provision of food packs and welfare / financial support to individuals
Evangelical activities, prayer meetings and similar events
Provision of support to other charities
Volunteers
The charity remains deeply grateful for the dedication and commitment of jts volunteers, who play a vital role in the delivery of our services. In recognition of their contributions, Nissi Homes provides reimbursements to cover reasonable expenses, including travel costs, motoring fuel, transportation, and vehicle maintenance. Small allowances may also be provided from petty cash to support incidental tasks and as a token of appreciation.
During the year, as the charity expanded its operations and adapted its service delivery methods to better meet community needs, there was a gradual increase in volunteer involvement. Over the financial period, volunteers contributed an estimated minimum of 936 hours of service (based on three volunteers providing approximately six hours per week over 52 weeks). When valued at £12.00 per hour, this contribution equates to approximately £11,232 of volunteer support to the charity.
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Paid Statt
a The Char*y cco Moved i: engage the services of recruitment agencies in the provision of experienced and reliable cantrect sta“® that manage aid run the daily cperations of the Charity.
Review of activities
Key Impact Summary 2025 7 During 2925, Niss| Homes Limited de iverea measurable impact across housing, rehabilitation, and community suppors services:
526 reterra's -eccived for supperted sccammodaton
80 homeless and vulnerable adults safely accommodated
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2 new bed spaces created through exnansion in the Dudley area
4,734 support visits delivered to servic® users
91.25% reduction in ce-oerding (recicivism) arcong residents ih supported accommodation
9 suicide attempts prevented through direct intervention and ongoing support 780 food parcels aiscributed to indiviauais and’ families in need . P| Si hardsh'p / bridging 'oans provided tc stabilise se-vice users awaiting benefits * , 41 occasions of free transport praviced to enable attendance at training, faith, and community activities
8 service users moved cn to more independent accommodation
3 individuals progressed into employment, training, or self-eniployment 936 volunteer hours contributed, valued at approximately £11,232
These outcomes demonstrate the charity's continued commitment to reducing homelessness, preventing re-offending, improving wellbeing, and supporting vulnerable individuals toward independence and stability. .
During the year uncer review, the charity continued.fo develop and strengthen its activities while edapting its service delivery te meet changing community needs. Funding opportunities remained limited due to wider economic pressures; however, despite these financial constraints and operational cha'lenges, Nissi Nomes Limited (NHL continued to operate prudently and maintain its services theough careful financial meragement.
The charity remained actively engaged in supporting its service users and the wider community, delivering measurable outcomes across its programmes. During the year, the organisation received 526 referrals Tor accommodation and successfully provided supported housing to 80 homeless and vulnerable adults, Demand for services remained high, and in response, the charity expanded its provision by opening an additional supported accommodation scheme within the Dudley Council area, creating two additional bed spaces to help address the increasing need for housing among vulnerable individuals. Existing accommodation stock was also maintained and managed efficiently throughout the year. .
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Nissi Homes continued to deliver structured support designed to promote independence, stability, and long-term rehabilitation. Through regular engagement, including approximately 4,784 support visits carried out during the year, service users received holistic, person-centred assistance addressing practical, emotional, and spiritual needs. Three formal coaching and motivational training sessions were delivered despite limited resources, alongside ongoing bi-weekly visits fram support staff. These interventions contributed to an estimated 91.25% reduction in re-offending (recidivism) among individuals within supported accommodation, demonstrating the effectiveness of the charity's approach. ‘ :
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The charity also delivered significant crisis prevention outcomes. Through direct intervention and ongoing support, nine suicide attempts were prevented, reflecting the impertance of consistent engagement and relationship-based support for vulnerable individuals. Additionally, 51 hardship or bridging loans were provided to service users awaiting benefit payments, helping to stabilise individuals during periods of acute financial difficulty. °
The charity continued its soup kitchen initiative through the preparation and distribution of food parcels to individuals and families experiencing hardship within the local community. During the year, approximately 780 food parcels were distributed. Through partnersnips such as tne Neighbourly Scheme, surplus food from supermarkets was redistributed to service users and community members, ensuring continued access to fresh produce and essential supplies.
In December, a Christmas meal was organised for vulnerable and harreless indivicuals within the Walsall Council and surrounding areas, sponsored by TK Maxx dnd Lifegate Outreach Community Centre. The event was well attended, with a record number of participants, anc incladed the distribution of gifts. This partnership has now continued successfully for ten consecutive years, providing an important opportunity for dignity, fellowship, and social inclusion during the festive season. :
The trustees wish to express sincere gratitude to supporting organisations Including TK Maxx/ TJX Europe, Lifegate Outreach Centre, the Neighbourly Food Scheme, Lid! Walsall, Black Country Food Bank, The Well Food Bank, Champions Kitchen, individual donors, and otner local food banks for their ongoing generosity and partnership. :
Throughout the year, dedicated support staff and volunteers provided daily care, supervision, prayer, and practical assistance, resulting in positive outcomes recognised oy service users, their families, and partner agencies including Local Authorities, Police, HIM Probation Services’ : Community Rehabilitation Companies (CRC), HM Prison Services, the NS, arid crug and alcohol recovery agencies. .
The charity conducts risk assessments for every referrai received and develops inclusive, personcentred support plans tailored to individual needs. Service users are encouraged to participate in programmes focused on independence, skills development, community engagement, and reintegration. During the year:
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Eight service users successfully moved on to more independent accormmodation
Three individuals progressed into employment, training, or self-erpioymernt
41 occasions of free transport were provided to enable attendance at community, faith, or training activities :
Practical assistance included clothing, food, hygiene products, transportation support, seasonal, gifts, and financial assistance, particularly for individuals recently released from prison or experiencing homelessness with limited resources or support networks.
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The charity maintained a strong commitment ¥o service quality and accountability, receiving only two formai complaints during the year despite supporting a high-needs client group. There were seven probation recalls or licence breaches, which were managed in partnership with statutory agencies through established safeguarding and risk management procedures. In addition to supporting its own beneficiaries, Nissi Homes also provided material and financial assistance to othercharitable organisations during the financial year, further extending its * community impact. :
Risk management
The trustees have assessed the principal risks to which the charitable company is exposed, with particular attention to operational and financial risks. Appropriate systems, controls, and procedures are in place to mitigate identified risks and to ensure effective governance and oversight.
The trustees remain satisfied that the charity has adequate risk management processes in place to manage potential challenges while maintaining continuity of services and safeguarding beneficiaries, —
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eee:
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am | GVACCOUNTING SERVICES
if WE EARN YOUR TRUST
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23 March 2026
Dear Sirs,
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Independent Examiner’s Reportto the Trustee-Directors’ of
NISSI HOMES LIMITED
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I report on the accounts of the Charity for the year ended 31‘ December 2025, which are set out on pages 4-8 and 11 -15.
Respective Responsibilities of Trustees and Examiner.
As the charity’s trustee’s you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) ofthe Charities Act 1993 (the Act) (as amended by the Charities Act 2006) does not apply. It is my responsibility to state, on the basis ofprocedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner's report.
My Examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes review ofaccounting records kept by the charity and a comparison ofthe 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 | do not express an audit opinion on the view given by the accounts. ;
Independent Examiner's statement
In connection with my examination. no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements
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e¢ To keep accounting records in accordance with section 41 of the Act: and * To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts to be reached.
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Yours faithfully
S Adepegba ATT(Fellow) MSc For and on behalf of GV Accounting Services LTD
9
NISSI HOMES LIMITED (A Company Limited by Guarantee}
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|STATEMENT OF FINANCIAL ACTIVITIES|‘|
|INCLUDING|INCCIME AND EXPENDITURE ACCOUNT|
|FOR THE YEAR ENDED|31|DECEIVIBER|2025|,|
|ld|Nida|
|ine|Desisnated|Total|Total|
|restricted|Restricted,|2025|2024|:|
|incoming|[Resources]|Notes|€|2||£|£|
|Incoming resources|from|
|generatedfunds|
|VoluntaryDonations, IncomeLegacies & Other|74,507|Z|:|
|ActivitiesLoans|for generating funds|.|:|=55,850|630,3576|512,099|
|Investment|[Income]|Oo|
|Total incoming Resources|2|nT74,507|ncn0|555,250.|620,357eee0|312,0990|-|
|Resources|Expended|—Sao— mS TurSS|= =—=SSS|= =|Ss ameSS se|
|Cosi|[of][ benerating]|[Voluntary]|8)|0|0|
|Income|
|Fundraising trading|costs|of|<|
|foods|sold|
|«|
|Charitable|Activities|
|AdminLean|[Interrest]|& Governance Cost|5a|4%|430,820“22|32|430,890192,119|309,069290,499|
|Other costs|of gen erating funds|.|¥§|
|Total Resources Expended|4nO6,470|-|.|0|8)|Se|.|nT|
|,|619,460|625,930|499,568|
|Net|Incorming{outgsing)|.|‘|é|z|
|;|
|resources|i|
|a|[See]|’68,037|[cee]|.|;|»|0|(53,610)8|[casio][ ——]|e427|12,531|.|.|ar|
|-|a|||=|§|
|LoanBrought forward fromRecavment/furd previous|ie.|+|«,|.|be|a|+.|-|
|yearDepreciation|ba|aa|“e”|4|645|4||399|wT|ls|é|
|‘|o¢|ey|«||y|bl|4.98%):||(4,985)|
|Surplus/(Deficit}|-&|.|2|
|carried forward|
|+|.|ALi67|8,645|
|accountThe statement under the of “nencial Companies activities Act 2016.also complies|wich, the requirement for an “come"and expenaiture|
|OperationsNone of tnecontinue, enarity's activities which Were started or diccantinnad|Aijring tha SUPFRST OF Nravinus wear and|all|
|account.Tnere are no recognised gains or losses or than|those Passing tnrouga|che inconie enG|excenciture|
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MISS! HOMES LIMITED (A Company Limited by Guarantee)
Balance Sheet As at 31 December 2025
| 2025 | 2024 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||||||
| Fixed Asset | - | |||||||||||
| Tangible Assets | 0 | 0 | ||||||||||
| : | ||||||||||||
| Current Assets | ||||||||||||
| Debtors&prepayments Cash at bank& in hand |
a9 | 6 | ‘ | ‘ | 28,847 | 8,708 9,591 |
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| - | : | 28,847 | 18,299 | |||||||||
| Current Liabilities | ° | |||||||||||
| Amount falling due | ||||||||||||
| within one vear | 5 | F | __ | 0.476) | 18,371 | (550) | 17,749 | |||||
| Total Asset less Currenf Liabilities | 18,37] | 17,749 | ||||||||||
| Creditors: Amount | ||||||||||||
| falling due after one year | {7.199} | (9,104) | ||||||||||
| Net Assets | ‘ | 11,172 | 8,645 | |||||||||
| The Funds of the Charity | ||||||||||||
| ‘Unresirictea | . | 66,137 | 30,635 | |||||||||
| Restricted TotalFunds |
(54.965) 11,172 |
(21,990) 8,645 |
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| ] |
For the veor ending 31st Dece™her 2.924. the company was entitled to exemption from audit under section £77(2) of the Companies Act 2016. The members have not required the company to obtain an audit in accordange with section 476 of the Companies Act 2016.
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Tac Director(s).— ‘
a) acknowledge their responsibiuty 4 cnsurng that dic company xeeps accounting records which comply with section 386 of the Companfes Act 2016: and
b) acknowledge their responsibility for preparmg accounis which give a true and fair view of the state
of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirement of section 393 of the Companies Act 2016, and which otherwise comoly with the Companies,Act relating to accounts, se far as applicable to this company. i These «ccounis have been prepared in accordance with previous applicable to companies subject to the Small Companies regime. »
The accounts were approved by the Board on........ RhYwWA oe ABET weeeeees Director
OWQUKOLA ALEDO Print Name
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NISSI| HOMES LIMITED (A Company Limited by Guarantee)
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Notes to the Financial statements For the period ended 31 December 2025 .
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1 Accounting policies
a) Basis of preparation - the financial statements have been prepared under the historical cost. convention.
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The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.
The accounts have been prepared in accordance with the statément of recommended practice, " Accounting and Reporting by Charities" issued in March 2005 and the Companies Act 2016.
b) incoming resources - Restricted grants received in advance at tne year end for expenditure in a future accounting period are carried forward as ciffered income. Restricted grants received but not fully utilised at the year end are carried forward balances on the basis that they may become repayable. ,
Voluntary donations and gifts are accounted for as received.
Public.
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No entries are required to be included in the accounts for the financial! value of such help.
Interest receivable on the charity's various bank accounts is allocated in full to unrestricted funds.
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c) Resources Expended
|} Cost of generating voluntary funds these includes printing, publicity and fundraisin&costs.
Publicity costs include local promotional advertising and printing leaflets.
ii) Charity Activities
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Resources expended on charitable activities include al! costs incurred in the pursuit of the charitable objects of the charity (including Community function costs)
iii) Governance Costs
a
Governance costs include the cost of the independent Reviewer together with the cost of the
AGM and trustees insurance.
iv) Depreciation - Al! assets costing more than £150 are capitalised. Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation,is provided at rates
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calculated to write-off the cost less estimated residual value of each assets over its expected
useful life as follows: .
- Furniture, Fitting and other equipment 33% on cost
- Computers/Equipment 100% on cost
- Motor Vehicles 25% on cost
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v) General information: the General Funds &
been utilised entirely for the purgose for which the charity was set up ‘
vi) Financial obligations: Apart from the financial obligations described below, there are no other financial obligation
| 2 | Income Resources analysis | ||||||
|---|---|---|---|---|---|---|---|
| 7 | Un- | Designated | Restricted | 2025 | 2024 | ||
| restricted | Total | Total | |||||
| Ey | £ | £ | |||||
| Grants received from partner Local Authorities | 555,850 | 555,850 | 470,260 | ||||
| DWP- Clients | * | 0 | 1,069 | ||||
| Funds generated from fund raising activities ~~ |
74,507 | 74,507 | 40,770 | ||||
| Loans | |||||||
| a | |||||||
| 74,507 0 555,850 630,357 512,099 _————————————————————— |
3 Taxation
The company being a’registered charity with no trading income has been granted exemption from tax under section 505 of ICTA 1988. No provision , for taxation has therefore been made in these accounts. '
The Cha. ity is not registered for Value Added Tax.
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4 Total Resources Expended
| 4 | Total Resources Expended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Statt | Other | Total | Total | |||||||
| costs | costs | 2025 | 2024 | |||||||
| £ | £ | £ | £ | |||||||
| Cost ofgenerating funds: | ||||||||||
| Fundraising and Publicity | ||||||||||
| Charitable Expenditure: | : | . | ||||||||
| Direct Project costs | * | 429,620 | 429,620 | 309,069 | * | |||||
| Staff&Volunteer Costs | 188,640 | 188,640 | 176,223 | |||||||
| Travel Cost | 2,811 | ®@ | 2,811 | 2,811 | ||||||
| Charitable Donations | 1,200 | 1,200 | 617 | |||||||
| Interest Payments | 1,905 | 1,905 | 1,741 | |||||||
| Legal & Professional costs | 550 | 550 | 606 | |||||||
| Administration costs | 3,109 | __3,109 | 3,109 | 6,249 | ||||||
| 188,640 | 439,195 | 627,835 | 497,316 | |||||||
| Depreciation | : | - | 2,344 | |||||||
| Managementand administration | co | 0 | ||||||||
| 188,640 | 439,195 | 627,835 | 499,660 | |||||||
| 188,640 439,195 627,835 499,660 ees |
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| 5 | CreditorsAmount fallingduewithin | one year | ||||||||
| 2025 | 2024 | = | ||||||||
| £ | £ | |||||||||
| Directors Loan | - | |||||||||
| Independent Examiner's Fee | 560 | 550 | ||||||||
| Other Creditors | 9916 | |||||||||
| 10476 | 550 | |||||||||
| 6 | Debtors and Prepayment | . ‘ |
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| 2025 | 2024 | 2 : |
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| £ | £ | |||||||||
| Other Debtors | AI67 | |||||||||
| Prepayments and accrued Income | . | |||||||||
| 0 | 4267 |
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Reserves Policy
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees’ aim to ensure the charity will be able to to continue to fulfil its charitable objective even if there is a temporary shortfall in income or unexpected expenditure for a period of 6 months. The director's will endeavour not to set-aside funds
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