2024-12-31-accounts - Christ Gospel Assembly

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Companies House No: 08399742 Charity Commission No: 1152738

CHRIST GOSPEL ASSEMBLY

Report and Financial Statements

For the Year ended December 31, 2024

CHRIST GOSPEL ASSEMBLY REPORT AND FINANCIAL STATEMENTS For The Year Ended DECEMBER 31, 2024

Contents Page
Legal and Administrative Information 3
Report of the Trustees 4
Independent Examiner's report 8
Statement of Financial Activities 9
Balance sheet 14
Cash Flow Statement 16
Notes to the Accounts 17

CHRIST GOSPEL ASSEMBLY REPORT AND FINANCIAL STATEMENTS For The Year Ended DECEMBER 31, 2024

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional Advisers

Trustees

Pastor O.E.OGUNNIYI Larry BANKOLE Teresa BRENCHLEY

Registered Office Address

The Lighthouse 164 Dock Road Tilbury Essex RM18 7BS

Bankers

Cooperative Bank

Skelmersdale WN8 6WT

Accountants & Independent Examiner

Adekunle Fawunmi

Fabek Associates and Co Ltd 32 Dewey Road Dagenham Essex

RM10 8AR

Companies House No: 08399742 Charity Commission No: 1152738

CHRIST GOSPEL ASSEMBLY REPORT AND FINANCIAL STATEMENTS For The Year Ended DECEMBER 31, 2024

Trustees Annual Report

The Trustees, for the purposes of the Charities Act 2011 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 31 December, 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by a Memorandum and Articles of Association.

PRINCIPAL OBJECTIVES & ACHIEVEMENTS

The company's principal activity during the year continued to be:

To advance the Christian faith in such parts of the United Kingdom and the world.
To promote and preserve good health by the provision of funds, goods or services of any kind including the provision of counselling, prayers, and support in such parts of the United Kingdom and the world.

The achievement for the year 2024

We organised One to One Evangelism Outreach to increase Church membership.
We organised and stage Quaterly Special Praise and Worship services
Incorporate Healthy lifestyle Seminar-for all members, families, friends and the communityTheme: Health Living and using supplements to maintain optimal Wellness
Investing in People – Weekly Musical training for the Youth and Adult
Mother’s Day celebration for the Church Members and the community
Father’s Day celebration for the members and the community
Children happy day service was conducted by the children/youth
We organized night vigil for spiritual empowerment for women in the church, the community
Women breakfast forum was organized for the church and the community.
Men’s only Prayer retreat and Felicity gathering were organized
We organized safeguarding training and awareness of church safeguarding officers
We carried out Water Baptism by immersion for members and new convert -1st Sept
The church organised 2 separate Prayer Retreats with other denominations for wisdom for our leaders and peace to continue to reign in UK.
Continue to give out Christmas Hampers to the families within the community.
Held Trustees Annual Meetings – 29/12/2024
We have our Christmas Carol and party on the 15[th] Dec. at SPOON Eatery Basildon.
We bought a new Harp Instrument.
We improve on our zoom meetings technically.

OUR PLANS FOR THE FUTURE CONTINUING FROM JAN 2025

Mission to Nigeria
Purchasing church building UK
Launching weekly bible study for the children- age 6 – 16yeras
To continue breakfast forum for women in the church and the community
To organise training and awareness on Personal Savings
To organize Seminar on Life Insurance AND WILL writing for our members, families, friends and the community.
Keeping church office up and running.
Mother’s Day celebration for the Church Members and the community
Father’s Day celebration for the members and the community
Organise Residential Prayer Retreats - June and Dec 2025
To hold Members annual Meetings -
To continue to give out Christmas Hampers to families within the community during the Christmas period.
To organise a Christmas party for all the members and the community
Continue with other charitable works as the need arises.

RISKS

The factors that may affect the Charity’s delivery of its objectives include:

a) Reputation of Charity and the relationship with the community
b) Ability to generate enough funds to successfully complete the identified projects for the charity

The Charity produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan.

RESERVES POLICY

The Charity continues to build reserve which will enable it to meet its average annual operational need and add to the building restricted funds towards the planned purchase of a building for the church use. The Trustees is also reviewing the charity’s property investment with the aim of selling to raise additional funds towards the purchase of a permanent place of worship.

GOVERNANCE AND INTERNAL CONTROL

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 31[st] December 2024, the Board had a membership of three people acting as trustees.

The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible

for the day to day activities of the charity. None of the committee members is being remunerated.

All Trustees receive the handbook for Trustees’ provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.

Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 2011 as amended. The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. The church also registers with ICO (Information Commissioner Office) to improve our understanding of data protection and find out what we need to do to make sure we are keeping people’s personal data secure.

They include:

A strategic plan and annual budget approved by the Trustees;
Regular consideration by the Trustees of financial results, in particular variance from Budget, and
Delegation of authority and segregation of duties.

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing this financial statement, the trustees are required to

select suitable accounting policies and then apply them consistently;
make judgments and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in its activities.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 2011 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself / herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 2011 as amended, the trust continued with the appointment of Mr Adekunle Fawunmi an examiner, which will review the accounts for the year ended December 31, 2024.

Teresa BRENCHLEY Chair of the Trustees 26/04/2025

CHRIST GOSPEL ASSEMBLY REPORT AND FINANCIAL STATEMENTS For The Year Ended DECEMBER 31, 2024

Independent Examiner’s Report to the Trustees of Christ Gospel Assembly.

We report on the accounts of the Trust for the year ended December 31, 2024, which are set out on Pages 10 to 23.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 2011 (the 1993 Act)) and that an independent examination is needed. It is our responsibility to:

examine the accounts (under section 43(3)(a) of the 1993 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 43(7)(b) of the 1993 Act); and
To state whether particular matters have come to our attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 41 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act as amended.

Have not been met; or

(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed this April 26, 2025 jidefawunmi Adekunle Fawunmi Fabek Associates and Co Ltd (Certified Chartered Accountants) 32 Dewey Road Dagenham Essex RM10 8AR

REPORT AND FINANCIAL STATEMENTS For The Year Ended DECEMBER 31, 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2024

Income & Endowments from: Donations & Legacies 3 Investments 4 Total income A Expenditure on: Charitable activities 5 Total expenditure B Net gains on investments C Net income for the year A-B+C Net income after transfers Reconciliation of funds:- Total funds brought forward Total funds carried forward Notes	Current year Current year Unrestricted Funds Restricted Funds 2024 2024 £ £ 99,782 2,940 22,424 -	Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 102,722 69,614 22,424 16,284 125,146 85,898 59,427 62,198 59,427 62,198 1,000 7,000 66,719 30,700 66,719 30,700 309,972 279,272 376,691 309,972
	122,206 2,940
	59,427 -
	59,427 -
	1,000 -
	63,779 2,940
	63,779 2,940 173,863 136,109
	237,642 139,049

All activities derive from continuing operations.

CHRIST GOSPEL ASSEMBLY - Resources applied in the year ended 31 December 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities	2024 2023 £ £ 66,719 30,700 (4,650) (429) 62,069 30,271

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

Movements in revenue and capital funds for the year ended 31 December 2024

Revenue accumulated funds Accumulated funds brought forward (From)/To unrestricted revenue funds Closing revenue funds Fixed asset funds At 1 January At 31 December Summary of funds Revenue accumulated funds Fixed asset funds Total funds Recognised gains and losses before transfers	Unrestricted Funds 2024 £ 173,863 63,779	Restricted Funds 2024 £ 50,745 2,940	Total Last year Funds Total Funds 2024 2023 £ £ 224,608 193,908 66,719 30,700 291,327 224,608 - - 291,327 224,608 Total Last year Funds Total Funds 2024 2023 £ £ 85,364 85,364 85,364 85,364 Total Last Year Funds Total Funds 2024 2023 £ £ 291,327 224,608 85,364 85,364 376,691 309,972
	237,642 -	53,685 -
	237,642	53,685
	Restricted Funds 2024 £ 85,364 85,364 Unrestricted Restricted and Funds Designated funds 2024 2024 £ £ 237,642 53,685 - 85,364	Restricted Funds 2024 £ 85,364
		85,364
	237,642 139,049

CHRIST GOSPEL ASSEMBLY

Income and Expenditure Account for the year ended 31 December 2024 as required by the Companies Act 2006

Income
Income from operations
Income from investments, other than interest receivable
Interest receivable
Gross income in the year before exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Net (Gains) / Losses on Investments
Total expenditure in the year
Net (Gains) / Losses on Investments
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year

2024
2023
£
£
102,722
69,614
20,745
15,477
1,679
807
125,146
85,898
56,236
59,672
1,991
1,526
1,200
1,000
(7,000)
1,000
52,427
63,198
72,719
22,700
72,719
22,700
72,719
22,700

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

CHRIST GOSPEL ASSEMBLY - Balance Sheet as at 31 December 2024

Notes 2024 2023 £ £ Fixed assets Intangible assets 6 - 182 Tangible assets 7 11,732 8,891 Investments held as fixed assets 8 113,000 112,000 Total fixed assets 124,732 121,073 Current assets Debtors 9 1,457 1,062 Cash at bank and in hand 252,636 189,599 Total current assets 254,093 190,661 Creditors: amounts falling due within one year 10 (2,134) (1,762) Net current assets 251,959 188,899 The total net assets of the charity 376,691 309,972 Restricted funds Restricted Revenue Funds 11 53,685 50,745 Restricted Fixed Asset Funds 11 85,364 139,049 85,364 Unrestricted Revenue Funds 11 237,642 173,863 237,642 173,863 Total charity funds 376,691 309,972 The total net assets of the charity are funded by the funds of the charity, as follows:-	1,062 189,599	2023 £ 182 8,891 112,000

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Teresa BRENCHLEY Chair of the Trustees 26/04/2025

CHRIST GOSPEL ASSEMBLY

Cash Flow Statement for the year ended 31 December 2024

2024 £ Cash flows from operating activities A 45,263 Cash flows from investing activities Interest received 1,679 Other investment income, including rents from investments 20,745 Purchase of property, plant and equipment (4,650) Net cash provided by investing activities B 17,774 Overall cash provided by all activities 63,037 Cash movements Change in cash and cash equivalents from activities in the year ended 31 December 2024 63,037 Cash and cash equivalents at 1 January 2024 189,599 252,636 Net income as shown in the Statement of Financial Activities 66,719 Adjustments for :- Depreciation charges 1,809 Amortisation charges 182 Net unrealised losses on investment assets (1,000) Dividends, interest and rents from investments (22,424) Decrease in debtors (395) Increase / (Decrease) in creditors, excluding loans 372 Net cash provided by operating activities A 45,263 A+B Cash at bank and in hand less overdrafts at 31 December Reconciliation of net income to net cash flow from operating activities Net cash provided by operating activities as shown below	2023 £ 8,292
	807 15,477 (429)
	15,855

	24,147
	24,147 165,452
	189,599
	30,700 1,343 183 (7,000) (16,284) (1,062) 412
	8,292

CHRIST GOSPEL ASSEMBLY REPORT AND FINANCIAL STATEMENTS For The Year Ended DECEMBER 31, 2024

1. Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the charities SORP (FRS 102) - 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 UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 and the Charities Act 2011.

The financial statements have been prepared to give a true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Christ Gospel Assembly meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going Concern

There are no material uncertainties regarding the charity’s ability to continue. Therefore, the accounts are prepared on a going concern basis.

1.3 Income

All income is recognised once the Charity has entitlement to the income. It is probable that the income will be received and the amount of income can be measured reliably.

The charity invested in dwelling properties in 2020 and these have been classified as investment properties. The income from which is held in a restricted funds to build up funds for the purchase of the charity’s building.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total

direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of asset’s use.

Expenditure on charitable activities in incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Freehold property	- not depreciated
Long term leasehold property	- 50 years
Fixtures and Fittings	- 10 years
Office Equipment	- 10 years
Motor Vehicle	- 5 years

Investment assets are valued annually and therefore not subjected to annual depreciation.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening or similar account.

1.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipated it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle obligation. Where the effect of the time is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.0 Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Donations, Grants and Legacies

Donations, Grants and Legacies
Donations and gifts from individuals Total donations and gifts from individuals Women's fund Tithes, offerings, thanksgiving Project Gift aid claim Building fiund Investment income Property Rental Income Bank Interest Receivable Total investment income Expenditure on charitable activities Direct Spending Total direct spending Charitable project costs Defined benefit pension costs - charitable activities Victorious women Gross wages and salaries - charitable activities Travels Music training	Current year Current year Current year Prior Year Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 13,804 - 13,804 15,497 - 260 260 2,660 85,343 - 85,343 49,199 - 2,680 2,680 - - - 75
	99,147 2,940 102,087 69,614
	Current year Current year Current year Prior Year Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 20,745 - 20,745 15,477 1,679 - 1,679 807
	22,424 - 22,424 16,284
	Current year Current year Current year Prior Year Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 23,257 - 23,257 14,533 1,449 - 1,449 937 - - - 929 - - - 210 833 - 833 7,692 1,150 - 1,150 2,165
	27,289 - 27,289 26,466

Investment income
Expenditure on charitable activities

Support costs for charitable activities

Support costs for charitable activities
	Current year	Current year	Current year	Prior Year
	Unrestricted	Restricted	Total Funds	Total Funds
Current Year	Funds	Funds
	2024	2024	2024	2023
	£	£	£	£
Premises Expenses
Rent payable under operating leases	24,450	-	24,450	27,200
Light heat and power	1,333	-	1,333	1,729
Premises repairs, renewals and maintenance	366	-	366	2,905
Administrative overheads
Telephone, fax and internet	447	-	447	590
Equipment expenses	-	-	-	132
Liabilty and contents insurance	-	-	-	-
Professional fees paid to advisors other	than the auditor	or examiner
Accountancy fees other than examination or audit fees	550	-	550	650
Other legal and professional	40	-	40	-
Depreciation & Amortisation in total for the	1,991	-	1,991	1,526
Total support costs - Current Year	30,938	-	30,938	34,732
				-
Other Expenditure - Governance costs
	Current year	Current year	Current year	Prior Year
	Unrestricted	Restricted	Total Funds	Total Funds
Current Year	Funds	Funds
	2024	2024	2024	2023
	£	£	£	£
Independent Examiner's fees	1,200	-	1,200	1,000
Total Governance costs	1,200	-	1,200	1,000
Total Charitable expenditure
	Current year	Current year	Current year	Prior Year
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds
	2024	2024	2024	2023
	£	£	£	£
Total direct spending	27,289	-	27,289	26,466
Total support costs	30,938	-	30,938	34,732
Total Governance costs	1,200	-	1,200	1,000
Total charitable expenditure	59,427	-	59,427	62,198

6. Salary costs Gross Salaries excluding trustees and key management personnel Employer's National Insurance for all staff Employer's contribution to defined benefit pension schemes Total salaries, wages and related costs The average number of part time staff employed in the year was The average number of full time staff employed in the year was Intangible Fixed Assets Cost At 1 January 2024 At 31 December 2024 Amortisation At 1 January 2024 At 31 December 2024 Net book value		2024 2023 £ £ 23,257 14,533 - - 1,449 937
		24,706 15,470
		1 1 1 1 2024 2023 £ £ 731 731 731 731 549 366 731 549 - 182

Tangible fixed assets

Tangible fixed assets
Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023	Plant & Machinery £ 17,631 4,650
	22,281
	8,740 1,809
	10,549
	11,732

	8,891

Investments held as fixed assets

	Investment
	in properties
	£
Carrying values of investments
At 1 January 2024	112,000
Revaluation at 31 December 2024	1,000
At 31 December 2024	113,000
Analysis between fair value and historical cost
Investments as above held at fair value	113,000
Total at 31 December 2024	113,000
Land and Buildings (£85, 364), relate to Historical cost of investment properties. The
surplus on revaluation is due to comparing the historical cost with lower range on Zoopla
house prices as at 31/12/2024.

9. 10. Debtors Prepayments and accrued income Other debtors Creditors: amounts falling due within one year PAYE, NIC VAT and other taxes Other creditors	2024 £ - 1,457	2023 £ 1,062 -
	1,457	1,062
	2024 £ 384 1,750	2023 £ 112 1,650
	2,134	1,762

Particulars of how particular funds are represented by assets and liabilities

Unrestricted funds £ - (73,632) 113,000 200,408 (2,134)	Designated funds £ - - - -	Restricted Total funds Funds £ £ - - 85,364 11,732 - 113,000 53,685 254,093 - (2,134)
237,642	-	139,049 376,691
Unrestricted funds £ 112,000 139,916 (1,762)	Designated funds £ - - -	Restricted Total funds Funds £ £ - 112,000 50,745 190,661 - (1,762)
173,863	-	136,109 309,972

Related Party Transactions’: None in both 2024 and 2023.
Post Balance Sheet Event: None to declare for both 2024 and 2023.