THE BUNGALOW PARTNERSHIP CHARITY NUMBER: 1160501 STATEMENT OF ACCOUNTS YEAR ENDED 31st AUGUST 2024
THE BUNGALOW PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31st AUGUST 2024 The trustees, present their report and the unaudited financial statements for the year ended 31" August 2024. This report has been prepared in accordance with the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8Standard applicable in the UKand Republic of Ireland IFRS 1021, las amended foraccounting periods commencing from l January 20161. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty name The Bun8alow Partnership Charlty reglstratlon number 1160501 Head Offlce and Operatlonal Address Rose Wood Academy The Garth Coulby Newham MIDDLESBROUGH TS8 OUG Trustees Janet Lucas Istepped down March 20241 Bernadette Rizzi-Alla n Louise Coates Terry Beglev Paula Taylor Mana8er Marie Blythe Independent Examlner Mrj Gresham FCCA Gresham and Gale 14 Fountain Street Guisborough TS14 6PP Objectlves and actlvltles The objects of the charity as set out in its constitution are: For the public benefit, the advancement of education of children and their families who have social, emotional or behavioural needs in order to enable them to participate fully in society and mainstream education and to act as a resource for such children, and their families, by provid ing advice and assistance with a view to improving the conditions of life of such persons. The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
THE BUNGALOW PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31st AUGUST 2024 (continued) Achievements and performance The Bungalow Partnership's operational funding is met by a mixture of commissioned SeNice Level Agreements, spot purchase commissions from schools, Local Authorities. Adoption Services and private referrals from families. In addition, ourtraining provision provides revenue, along With voluntary donations and grant funding from a range of different grant providers. that include both restricted and unrestricted fund ing allocations. Expertise that is offered ranges from a wide variety of therapeutic interventions (including dramatherapy, art therapy, play therapy, psychotherapy, psychotherapeutic counselling, EMDR, Counselling, Chlld Parent Relationship Therapy, Systemic Therapy, Family Therapy & Filial informed Therapy. In addition to our therapeutic offer, we also provide autlsm and trauma consultancy, parenting support, 8roupwork and mentoring. Our Care to Share service provides a hybrid of supervision and emotional support to practitioners in education and voluntary sector organisations. We a Iso provide clinical supervision to thera pists from pa rtner therapeutic services and schools. The Partnership has regular contact and close workin8 partnerships with both statutory and non-statutory organisations in the Teesside area, where we regularly signpost appropriate referrals to. A strong working relationship has been developed with Teesside University, M iddlesbrough College, Stockton Riverside College and Darlington College who regularly provide Social Work, Counselling and Occupational Therapy students to The Bungalow Partnership on long and short-term placements. We also provided I placement for an Art Therapy Student from Leeds Beckett University. The charities operations were again delivered this year a8alnst the backdrop of the local communities, recovery from the Covid 19 pandemic and the on80in8 impact on mental health, isolation and reduction in school achievement that arose in response to this. Our work takes place across one of the countries, highest areas of deprivation The team continued to offer flexibility bala ncing face to face support with the contingency of virtuall online sessions when needed. The demand for the service remained high with a far 8reater need bein8 identified in parents also needing support. In order to manage the ongoing increase in demand for support, we expanded the team and sought additional funding from The Teesside Charity to enable us to provide the support needed for parents and those without recourse to funding for therapeutic support. During 2023/24 we supported 68 schools across Middlesbrough, Stockton, Redcar & Cleveland, North Yorkshire & Darlington. We also worked with children referred by Middlesbrough Virtual School, Middlesbrough Social Care, Stockton Soclal Care, Redcar & Cleveland Special Guardianship, Middlesbrou8h Special Guardianship Team,, Adoption Tees Valley, Together for Children and had 41 children and adults referred in privately. Support Durin8 2023124 The Partnership has provided the following support.. Therapeutic support for 713 children and theirfamilles Parent Support'Drop-In'13hr sessions) in I school forthe year Care to Share Therapeutic Support & Clinical Supervision in 24 schools/ services Specialist Family Therapy Assessments and Court Appointed interventions for 5 families Group Interventions for 2 schools Consultancy for 19 schools
THE BUNGALOW PARTNERSHIP TRUSTEES. REPORT FOR THE YEAR ENDED 31st AUGUST 2024 Icontinued) Tralnlng The Partnership expanded on our training provision, delivering a wide range of training events, which covered topics including.. Staff Wellbeing workshops Working Creatively with Bereaved Children How to Reach Children and Young People Who Fear Connection FASD Training Executive Functioning Trainin8 Trauma sensitive School Training Supporting The Anxious Child Supportin8 Attachment and Loss through Creative Activities Regulating The Teenage Brain We delivered the tralning through a mixture of face to face and online training events. In response to prior feedback from training participants we provided full day, half day and twilight training to maximise participant accessibility. 2023/4 saw an increase in the delivery of whole staff l NSET training for schools, with our trainers offering 7 inset training events that 5UPPOrted the learnin8 of 3 11 loca I teachers and practitioners, Trustees The Bungalow Partnership continued to operate within the Charity Commission Constitution, with ongoing support from Trustees: Louise Coates, Bernie Rizzi-Allen and Terry Begley. Stuart H iggins retired from h is post as Trustee, and we welcomed Paula Taylor to the Board of Trustees. Paula brings with her a wealth of expertise and experience in project management a nd funding. At the time of this report we are currently recruitin8 additional Trustees to expand the knowledge and experience of the Board of Trustees to ensure that we have the support and advice available as we expand and rnove into our next phase of strategic and operational management. Staffln8 The Bungalow Partnership employ a full time Director, a full time Deputy Director, two Business Managers, lone full time and the other working 3 days per weekl, part time Placement Coordinator, part time Promotions Coordinator, 2 Art Therapists, 2 Play Therapists. 2 Psychotherapeutic Counsellors, I Counsellor and l Family Thera pist. We a150 contract 38 Self-employed practitioners f rom the f ields of Psycholo8ical Thera pies, Education, Autism, Health & Social Care Students & Volunteers During this period, we have supported the followin8 Students on placement: l Trainee Art Therapist 3 Tra inee Counsellors Donatlons and Sponsorshlp We had donations totalling £7,258.81
THE BUNGALOW PARTNERSHIP TRUSTEES. REPORT FOR THE YEAR ENDED 31st AUGUST 2024 (continued) Achievements The Bungalow Partnership with support from Teesside Charity expanded the therapeutic provision here at The Bungalow Partnership by creating a therapeutic garden for the use of the children and families that access our therapeutic centre. The Bungalow Partnership moved from a largely self-employed led approach to team members to developing an employed management team and core staffing group, offering increased security to team members. The Bungalow Partnership increased it's reach into North Yorkshire and Darlington areas. Overall increase achieved in reaching more children, young people, parents and professlonals through our therapeutic support, consultancy, training and group work. The prof ile of the cha rity has continued to im prove via involvement in Local ment31 health and wellbeing networks, membership of a local Virtual school management board, NHS forums, providing talks to HE provisions and by attendance at a wide range of promotional events across Tees Valley. The Bungalow Partnership again held its Christmas Appeal, ensuring 24 families received Christmas hampers and toys. Movln8 forward The Partnership continues to grow and develop in a climate where personal, social, emotional, and mental health for children and young people is receiving much publicity. The graded Service LevelAgreement has been successful in expanding the services offered to and commissioned by schools. We have continued to have an increase in spot purchases from schools and Local Authorities and have been successful in being accepted onto the frameworks of Middlesbrough, Stockton and Redcar & Cleveland local Authorities, alon8 Wlth the Adoption Tees Valley Framework. This breadth of contractual a8reements enables us to provide support at the early intervention, moderate and high needs level and also enables us to continue to offer school-based packages at a financial rate that enables the majority of loca I schools to access this support. We aim to focus on also increasing the voluntary and bid applications in the upcoming academic year, to enable us to manage the increased demand for our service and the ever increasing need to support families who may not be able to be supported via our school or Local Authority contracts. We hope, with grant funding to expand our charitv to include focused and specialist support in the areas of autism, trauma, Foetal Alcohol Spectrum Disorder, support for Asylum seeking families and bereavement, The Partnership aims to expand on our Inset training delivery and the range of support offered. Plans are in place to increase Autism specific consultancy and stabilisation work for young people and adults who may not be ready to access therapy yet require support with regulation. We are also keen to continue to promote private referrals and are en8aged in a number of mental health forums to raise awareness of the need for more patient choice in mental health support and to advocate for the needs of our clients. Financial Review The Statement of Financial Activities shows the result of the charity for the year. During the year there was an decrease in general reserves to £224,553. The Trustees have agreed the revised Reserves Policy as below to secure the future financial stability of the charity. The Trustees are confident that the charity can continue as a goin8 concern. Financial Reserves Policv The Bungalow Partnership's main source of income is currently dependent on schools and other organisations buying into the service we provide to sustain its activities. Therefore, if there were to be a ga p in our main source of income it is likely that The Bunga low Partnership would experience financial difficulties and may have to c105e. In order to protect the charity, provide stability and avoid closure d ue to funding difficulties. throu8h either the income not reaching expected levels or a downward pressure on cash flow. the B03rd of Trustees has agreed to keep a certain level of financial reserves to ensure that it can meet its charitable objectives for the foreseeable future.
THE BUNGALOW PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31st AUGUST 20241continued) The main concerns of the Board of Trustees are to ensure: that staff can continue working, primarily to secure new funding,. that members/service users are supported until alternative services are in place; that prepaid contracts and financial commitments are met. It is anticipated that The Bungalow Partnership'5 funding structure will provide our main source of income and will secure the day-to-day activities of The Bungalow Partnership. However, if difficulties were to arise then it has been calculated that reserves of approximately £124,000 would be required to continue operatin8 for at least 4 months to either manage the temporary downturn or wind-down and close the charity. The level of reserves should be calculated and monitored every 4 months by the Director and Board of Trustees. If reserves exceed running costs for one term {4 months), the money will be used to fund a project to benefit children/parents to be decided by the Trustees in response to current need. Thls pollcy will be reviewed annually as part of the Finance Meetin8 and whenever there are significant changes in operational costs. Governin Document The charity is a Cha rita ble Incorporated Organisatlon governed under its Constitution, re8iStered with the Charity Commission on 16, February 2015. Recruitment a ointment and trainin of Trustees The trustees are recruited from a pool of individ uals who support the organlsation. Potentia I trustees are briefed by the board and given copies of relevant policies and procedures. Or anisational Structure The trustees a re responsible for the strate8ic objectives of the charity, The day to day running of the charity is delegated to a director who is employed by the charity full time. Related Parties There are no related parties other than Trustees and their immediate family. Risk mana ement The trustees consta ntly review the risks to which the cha rity is exposed and to this end they put in place systems and strategies to minimise those risks. Statement of tru5tees' re5ponslbllltles The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kin8dom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practice).
THE BUNGALOW PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31st AUGUST 2024 (continued) Charity law req uires the trustees to prepa re financial statements for each financial year, which give a true and fair view ofthe state of affairs of the charity and of the income and expenditure of the charity forthat year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2015 {FRS 102) make jud8ements and estimates that are reasonable and prudent; state whether applicable accountin8 Standards have been followed, subject to any material departures disclosed and explained in the financia I statements; prepare the financial statements on the going concern basis unless it is inappropriate to presu me that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financia I position of the charity a nd enable them to ensure that the financial statements comply with the Charities Act 2011 the Charities {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregula rities. Approved by the trustees. Terry Begley Trustee Date
THE BUNGALOW PARTNERSHIP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BUNGALOW PARTNERSHIP I report on the accounts of the charity for the year ended 31" August 2024 which are set out on pages 8 to 15. Respectlve responsibilities of trustees and examiner The cha rity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that a n audit is not required for this year under section 14412) of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to: examlne the accounts under section 145 of the 2011 Act,. follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act; and state whether particular matters have come to my attention. Basls of Independent examlner's report My examlnatlon was carrled out Sn accordance wlth the 8eneral 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 disc105ures 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 examlner's statement In connection wlth my examination, no matter has come to my attention: which 8ives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or to which, in myopinion, attention should be drawn in orderto enable a properunderstanding of the accounts to be reached. Mrj Gresham Gresham and Gale 14 Fountain Street Guisborough TS14 6PP nd Date 22 May 2025
THE BUNGALOW PARTNERSHIP STATEMENT OF FINANCIAL AcfiviTIES Including INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31st AUGUST 2024 2024 Total Funds 2023 Total Funds Unrestricted Funds Restricted Funds Note Income from: Donations a nd legacies Charitable activities Bank interest received 7,259 417,578 1,715 7,259 417,578 1,715 15,380 421,600 603 Total Income 426,552 426,552 437,583 Ex endlture on: Cha rita ble activities 436,905 436,905 417,735 Net Income / {expendlture) for the year/ Net movement of funds {10,3531 {10,353) 19,848 Fund balances at I September 2023 234,906 234,906 215,058 Fund balances at 31 Au8USt 2024 224,553 224,553 234,906 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
THE BUNGALOW PARTNERSHIP BALANCE SHEET AS AT 31st AUGUST 2024 2024 2023 Note Flxed assets Intangible assets Tan8ible assets 5,940 1,150 7,090 Current assets Debtors and prepayments Cash at Bank and in Hand 11,106 209,887 22,675 231,094 220,993 253,769 Credltors: amounts falllng due wlthln one year 10 13,530) 118,8631 217,463 234,906 Net assets 224,553 234,906 Income funds Unrestricted Funds General Funds 11 224,553 234,906 224,553 234,906 Approved by the trustees: Terry Begley Trustee Date
THE BUNGALOW PARTNERSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024 ACCOUNTING POLICIES Charity inforrnation The Bungalow Partnership is a Charitable Incorporated Organisation re8iStered with the Charity th Commission on 16 February 2015. b) Accountlns conventlon The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities,. Statement of Recommended Practice applica ble to charities preparing their account in accordance with the Financial Reporting Standard applicable in the UK and Ireland IFRS 1021" las amended for accounting periods commencin8 from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The accounts have been prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The charity has taken advantage of the provlslons In the SORP for charltles applylng FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The accounts have been prepared under the historical cost convention, The principle accounting policies adopted are set out below. Golng concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparin8 the accounts. d) Charltable funds Unrestricted funds are donations and other incoming resources receivable or 8enerated for the objects of the charity without further specified purposes and are ava ilable as general f unds. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, with a fair allocation of management and sUPPOrt costs. Designated funds are unrestricted funds earmarked by the trustees for a particular purpose. 10
THE BUNGALOW PARTNERSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024 Incomlng resources Income is recognised when the charity Is legally entitled to it after any performance cond itions have been met, the amounts can be measured reliably, and it is probable that the income will be received. Income received in advance for the next period is deferred. Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of the charity's activities. G rants, includin8 gra nts for the purchase of fixed assets, are recognised in full in the Statement of Fina nclal Activities in the period In which they are receivable. Cash donatlons are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recovera ble in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contin8ent asset. Donated services are recognlsed as income based on the value of the gift to the charity, which is the amount the charity would have been willin8 to pay to obtain services or facilities of equivalent economic beneflt on the open Market; a correspondin8 amount is then recognised as expenditure in the period of receipt. f) Resources expended Resources expended are recognised In the period in which they are Incurred. Resources expended include attributable VAT which cannot be recovered and are allocated to the particular activity to which they relate, 8) Intanglble flxed assets other than goodwlll Intangible assets acqulred separately from a business are reco8nised at cost and a re subsequently measured at cost less accumulated amortisation and accumulated impairment10sses. Intangible assets acquired on business combinations a re reco8nised separately from goodwill at the acquisition date where it is probable that the expected future econom ic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliablyi the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as the write off the cost or valuation of assets less their residua I values over their useful lives on the following bases- Database h) Tangible fixed assets Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Office equipment 20% Reducing balance Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financlal instruments The charity has elected to apply the provisions of Section 11 '8asic Flnanclal Instruments, a nd Section 12 '0ther Financia I Instruments Issues, of FRS 102 to all its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charlty becomes party to the contractual provisions of the instrument. Fina ncial assets and lia bilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intentlon to settle on a net basis or to realise the asset and settle the liability simultaneously. 8osicAlnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price incl ud ing tra nsaction costs and are subsequently ca rried at a mortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dlscounted at a market rate of interest. Financial assets classified as receiva ble withln one year are not amortised. Basicfinancial liabilities Basic financial liabilities, including creditors and bank loans are inStially recognised at transactlon price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classif led as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liablllties If payment is due within one year or less. Derecognitlon oAAlnanclal lioblllties Financial liabilities are dereco8nised when the charity's contractual obli8ations expire or are discharged or cancelled. k) Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 12
THE BUNGALOW PARTNERSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charity's accounting policies, the trustees are required to ma ke judgements, estimates and assumptions about the carrying amount of assets a nd liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. INCOME- DONATIONS & GRANTS Unrestrlcted Funds Restrlcted Funds Total 2024 Total 2023 Other donatlons & fundraisln8 Community Grant Fund 7,259 7,259 10,780 4,600 7,259 7,259 15,380 INCOME - CHARITABLE AcfiviTIES Unrestrlcted Funds Restrlcted Funds Total 2024 Total 2023 Therapeutlc servlces Student placement income Training events 410,558 410,558 410,803 1,400 9,397 7,020 7,020 417,578 417,578 421,600 13
THE BUNGALOW PARTNERSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024 EXPENDITURE- CHARITABLE ACTIVITIES Charltable Activities Governance Costs Total 2024 Total 2023 Staff costs Self-em lo ed staff,. Management Therapeutic support staff Em lo ed staff: Management Therapists Sa laries Social security costs Pension costs 1,391 259,822 1,391 259,822 44,769 298,060 65,506 34,468 41,391 4,726 2,818 65,506 34,468 41,391 4,726 2,818 13,440 38,787 837 410,122 410,122 395,893 Other costs Rent Utilities Garden project/premises refurbishment Professiona I services Insurance Office supplies & equipment Bad debts Sundry expenses IT support & website Advertising & promotion Therapy & training costs Trainin8 delivery Staff training Independent Examiner's Fee Depreciation 6,000 1,353 120 874 1,583 691 924 217 1,747 301 1,204 8,098 2,195 1,188 287 6,000 1,353 120 874 1,583 691 924 217 1,747 301 1,204 8,098 2,195 1,188 287 4,099 1,535 1,154 505 1,492 1,429 961 1,428 385 5,422 2,442 990 26,782 26,782 21,842 TOTAL EXPENDITURE 436,904 436,904 417,735 TRUSTEES None of the trustees lor any person connected with them) received any remuneration or benefits from the charity during the year. 14
THE BUNGALOW PARTNERSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024 EMPLOYEES Number of employees The average monthly number of employees during the year was: 2024 No 2023 No Ad ministration Employment costs 2024 2023 Wages and salaries Pension costs 146,091 2,818 52,227 837 148,909 53,064 There were no employees whose annual remuneration was £60,000 or more. FIXED ASSETS Intan8lble Assets Database Offlce Equlpment Total COST At 1st September 2023 Addition5 in the year 5,940 1,437 7,377 At 31" Au8USt 2024 5,940 1,437 7,377 DEPRECIATION At 1st September 2023 Charge for the year 287 287 At 31" August 2024 287 287 NEf BOOK VALUE At 31" August 2024 5,940 1,150 7,090 At 31" August 2023 15
THE BUNGALOW PARTNERSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024 DEBTORS 2024 2023 Trade debtors Prepayments and accrued income 9,321 1,785 20,958 1,717 11,106 22,675 10. CREDITORS AND ACCRUALS 2024 2023 Other taxes and social security Other creditors Accruals Deferred income 1,111 990 1,429 3,513 990 14,360 3,530 18,863 11. FUNDS There were no restricted funds during the year. All income and expenditure related to unrestricted funds. 12. RELATED PARTIES There were no disclosable related party transactions durin8 the year12023- none). 16