NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION (Charity no 1161188)
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees Dr D Donovan Mrs S Donovan Mrs A McCurry Mr T Dawson Principal Office 15 Gilmerton Court Trumpington Cambridge CB2 9HQ Charity Number 1161188 Independent Examiner Jonathan Coe (ACE Accountants) Limited 85 Royal Avenue Lowestoft Suffolk NR32 4HJ Contents Page Report of the Trustees 1-12 Independent Examiner's Report 13 Statement of Financial Resources 14 Balance Sheet 15 Notes 16 - 19
Trustees’ Annual Report for the period
From 1 January 2024 Period start date To Period end date 31 December 2024 Charity name: New Foundations
Charity registration number: 1161188
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the CIO are: •the relief of sickness and advancement of health in the Niger Delta in particular, but not exclusively, by providing primary health care programs, training to local health care workers and/ or access to medical treatment; •the prevention and relief of poverty for the public benefit in the Niger Delta in particular, but not exclusively, •providing and/or maintaining power generation and/or power supply infrastructure and/or equipment for the supply of power to health, education, community facilities, businesses and/or domestic dwellings in the Niger Delta •providing grants, food, and on occasions loans and/or other forms of financial assistance and/or items, facilities and/or services in each case to individuals in need living in the Niger Delta including, without limitation, to employees of the CIO and/or their dependants; •the advancement of education for the public benefit by the provision of one or more schools for children living in the Niger Delta; •all in accordance with Christian principles; and •to promote the Christian faith in particular, but not exclusively by, providing education, healthcare and practical and financial assistance to socially and/or economically disadvantaged communities in the Niger Delta. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 | Running two clinics at Enekorogha and Oyangbene communities, providing primary care programs, employing 16 staff. •eye care programs , screening and cataract surgery camps •education provided by two schools situated in both Enekorogha and Oyangbene communities •Regular evangelism camps •Home visitation, food provision and assistance based on individual circumstances within each community , |
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Running two clinics at Enekorogha and Oyangbene communities, providing primary care programs, employing 16 staff. •eye care programs , screening and cataract surgery camps •education provided by two schools situated in both Enekorogha and Oyangbene communities •Regular evangelism camps •Home visitation, food provision and assistance based on individual circumstances within each community , |
| Additional information (optional) You maychoose to include further statements where relevant about: |
||
| SORP reference | ||
| Policy on grant making | Para 1.38 | No grants are awarded to organisations though from time to time in accordance with the aims of the charity grants that secure the physical or emotional well being are given to individuals, eg for house repairs, food provision, or secondary medical care where there are no economic means to pursue secondary medical investigations or treatment |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | •Health education is given remotely in eye care, medical care and early/ new born care by UK medical professionals , all on a voluntary basis. Weekly online tuition to all workers. • Pastoral support and discipleship training by Nigerian Trustees |
| Other | N/A |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | •Ongoing development of preschools at Enekorogha and Oyangebene communities. • Expanding quality, reliability, and penetration of preventative health care , public health education , home visitation and primary care programs across a number of communities including clinic base communities including Osusourie, Ogriagbene , Esamna, Ekameta, Onne, Obeiema , Bomadi, Edegbene, in both Delta and Bayelsa State •Two cataract camps undertaken in collaboration with Tulsai Chanrai Eye Care based at Calabar • Due to the worsening economy locally and lack of food security for both patients , community members and staff, food provision is available for all staff in addition to wages and for inpatients and vulnerable patients in the community • Discipleship and Bible training to 20 local Pastors operating small Fellowships/Churches in the area of the Missions work. Feb 2025 Lagos • Week Camp for all workers in the Mission , education, fellowship and review of all activities. Lagos March 2025 • Employment of three new teachers and assistants across the two schools the Mission run. • Planning and foundations laid for school extension at Oyangbene School. • Purchase of extra school furniture and equipment plus import of wide range or primary school material and Christian reading material. • Monthly evangelism boat visits to communities with eye care , cataract identification and triage for surgery. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set Para 1.41 Ongoing development of active antenatal care and maternal and infant health, and public health initiatives. Reducing childhood mortality . Three new workers now trained to undertake deliveries and widen availability of deliveries and antenatal care in the Clinics Improving staf morale with food support and teaching Expressed satisfaction and appreciation from both communities clinics are situated in and the wider region. State dept of Primary Care appreciative of the Missions work. State visitation proved positive in feedback and now we are recognised as an approved NGO facility by the Delta State Dept of Primary Care. Performance of fundraising activities against objectives set Para 1.41 No fundraising is actively undertaken and no funds are actively solicited this financial year Investment performance against objectives Para 1.41 collaboration with Tulsai Chanrai Eye Care based at Calabar Other |
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|---|---|
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The bank reserves are in satisfactory order to provide reserves to run the Mission for at least 12 months |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Mission is needing to employ more staf for the schools and increasing numbers of pupils project likely costs in the next year. The school extension at Oyangbene will cater for the children now reaching The clinic requires more staf especially health care assistants and this year this was realised. More cleaners are required and with soaring infation it is difcult to Primary age and better diivison of school years means extra classrooms and ancillary facilities are required, staf room , toilets and kitchen . The long term view Is based on increasing children joining the school, though currently the intake has been capped until the new extension is complete and stafed appropriately. Medication expenses and fuel are increasing in costs.Exchange rate volatility is another concern in planning Food security is fragile and prices are rising yearly. The political insecurity locally and globally makes consistency of donations uncertain and it has been decided that prudence in spending , planning and reserves mean a suitable amount should be held. Consistent with one years expenditure |
| Amount of reserves held | Para 1.22 | A minimum of 50,000 has been agreed to act as contingency |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) Para 1.47 Individual donations, one of and regular, plus church donations. No funds are actively solicited from any parties and no loans sought. Investment policy and objectives including any social investment policy adopted Para 1.46 N/A A description of the principal risks facing the charity Para 1.46 The infationary pressures across all areas of the work makes budgeting difcult, so fnancial planning is hard. Increasing numbers of neglected children from worsening economy, and planned review of safeguarding measures and reporting which is difcult given the lack of local provision for at risk children Food security and energy security are hard with fuel scarcity. Solar system supply for the clinic to ensure power throughout 24 hr cycle has proved vital, and reliable satellite internet avoids risks of travel and excessive costs thereby incurred. The rise of Islamic extremism in central and increasingly the Southern Nigeria plus gang activity remain a persistent and increasing risk for all activities. Other |
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|---|---|
Structure, Governance and Management
| Description of charity’s |
||
|---|---|---|
| ~~t~~ ~~t~~ Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution to be found at https://register-of- charities.charitycommission.gov.uk/en/ charity-search/-/charity-details/5048552/ governing-document |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more |
Para 1.25 | Appointments discussed at AGM |
| ~~trustees~~ |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | In accordance with Charity Commission guidelines |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | Day to day running and liaison with Nigerian staf , David Donovan. All Trustees communicate directly with, and teach staf and Eye training including Alanna McCurry and Thomas Dawson David Donovan Communicates with Delta State Primary Care Department Asaba Delta State Nigeria , when appropriate , and also with Jonathan Coe with respect to the preparation of annual accounts |
| Relationship with any related parties |
Para 1.51 | Tulsai Chanrai Eye Program, Gov Hospital , Calabar New Foundations Christian Medical Charity 21019 Nigerian Reg local charitable body. |
| Other |
Reference and Administrative details
| Charity name | New Foundations |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1161188 |
| Charity’s principal address | 15 Gilmerton Court Trumpington Cambridge CB2 9HQ |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|
|---|---|---|---|---|
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
David Donovan |
Administrator | Whole Financial Year |
|
| Shirley Donovan |
Whole Financial Year |
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| Alanna McCurry |
Whole Financial Year |
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| Thomas Dawson |
Whole Financial Year |
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Corporate trustees – names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets held N/A in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional ~~information)~~
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) David Donovan Position (eg Trustee Secretary, Chair, etc)
Date 26/10/2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW FOUNDATIONS (CHARITY NO. 1100698) ON THE ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024, AS SET OUT ON PAGES 12 TO 17
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 144 of the Charities Act 2011 (“the Charities 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 Charities 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 Charities Act), and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the 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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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 Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jonathan Coe FCCA
Jonathan Coe (ACE Accountants) Limited
85 Royal Avenue Lowestoft Suffolk NR32 4HJ
Date: 30th October 2025
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NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes INCOMING RESOURCES Donations & legacies Other Incoming Resources RESOURCES EXPENDED 5 Direct charitable expenditure Camp expenses Medical supplies & treatments Uniforms Clinic equipment & resources Training events & materials Evangelical resources & materials Transport & freight costs Travel expenses Depreciation Management and administration Administrative expenses Professional fees Bank charges Miscellaneous Total resources expended Net Incoming Resources Total funds brought forward Total funds carried forward |
Restricted Unrestricted Funds Funds £ £ 1,800 81,232 - 2,073 1,800 83,305 980 19,772 497 5,498 - - - 9,574 - - - 1,726 - - - 15,251 300 1,805 1,777 53,626 - 667 - 500 - 113 - - - 1,280 1,777 54,906 23 28,399 35,556 200,822 35,579 229,221 - - - - - 2024 - - - |
TOTAL FUNDS £ 83,032 2,073 85,105 20,752 5,995 - 9,574 - 1,726 - 15,251 2,105 55,403 667 500 113 - 1,280 56,683 28,422 236,378 264,800 - - |
2023 TOTAL FUNDS 82,677 1,556 84,233 43,594 12,143 278 5,113 101 1,357 - 12,655 42 75,283 485 500 18 50 1,053 76,336 7,897 228,481 236,378 |
|---|---|---|---|
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NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION BALANCE SHEET
AS AT 31 DECEMBER 2024
| 2024 Notes £ £ FIXED ASSETS Tangible assets 7 64,815 64,815 CURRENT ASSETS Debtors & prepayments 8 299 Cash at bank and in hand 200,186 200,485 CREDITORS: Amounts falling due within one year 9 500 NET CURRENT ASSETS 199,985 TOTAL ASSETS LESS CURRENT LIABILITIES 264,800 NET ASSETS 264,800 FUNDS OF THE CHARITY Fixed Asset reserve 24,900 General fund (restricted) 10,679 General fund (unrestricted) 229,221 264,800 |
£ £ 58,661 58,661 - 178,217 178,217 500 177,717 236,378 236,378 24,000 11,944 200,435 236,378 2023 |
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Approved by the Board of Trustees on 30 October 2025 and signed on its behalf by:
Trustee
D Donovan
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NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts, and in accordance with:
• the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014,
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the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),
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and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
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2 ACCOUNTING POLICIES
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a. Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
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b. Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
- c. Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
- d. Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
e. Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor and the amount of any tax reclaim has been quantified.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
- f. Donated goods
impractical to do so.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
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NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
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2 ACCOUNTING POLICIES (CONT'D.)
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g. Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. The value to the charity of any property it occupies has only been accounted for where the charity has purchased such land and buildings (see note 7 below).
h. Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. In particular, some trustees with particular medical skills and experience have given considerable amounts of their time to the charity, although this has not been quantified. i. Income from bank interest
This is included in the accounts when receivable.
i. Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
j. Redundancy cost
The charity made no redundancy payments during the reporting period.
k. Deferred income
No material item of deferred income has been included in the accounts.
l. Creditors
Where the charity has creditors, these are measured at settlement amounts less any trade discounts.
m. Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
n. Basic financial instruments
The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
o. Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £200. They are valued at cost or a reasonable market value on receipt.
Depreciation is provided at the following annual rates in order to write off the cost of each asset over its expected economic useful life:
Clinic equipment 25% cost
Depreciation is not provided on overseas land and property owned and occupied by the charity for its charitable activities as such assets are expected to retain their value over the period of ownership and the depreciable amount will therefore be nil.
The property value has been reviewed at the balance sheet date for any impairment requirement. p. Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
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NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 3 | GIFTS AND DONATIONS | ||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| unrestricted | restricted | £ | £ | ||
| This includes: | |||||
| Gifts and donations received | 81,232 | 1,800 | 83,032 | 82,677 | |
| Donated goods, facilities & services | - | - | - | - | |
| Tax reclaimable under gift aid | - | - | - | - | |
| 81,232 | 1,800 | 83,032 | 82,677 | ||
| 4 | OTHER INCOME Bank & Building Society interest - unrestricted |
2024 £ 2,073 |
2023 £ 1,556 |
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| 5 | RESOURCES EXPENDED 5.1 Included in Resources Expended are payments or reimbursements of out-of-pocket made to trustees or to third parties for expenses incurred by trustees as follows: 2024 Number of trustees who were paid expenses - Nature of the expenses: Camp expenses - Medical supplies & consumables - Uniforms - Clinic equipment consumables & resources - Training materials - Evangelical materials - Travel expenses - Office expenses - Clinic equipment - |
expenses 2023 - - - - - - - - - - |
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| Total amount paid | - | - | |||
| 5.2 Fees for examination or audit of the accounts Independent examiner’s fees for reporting on the |
accounts | 2024 £ 150 |
2023 £ 150 |
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| Other fees payable to the independent examiner or auditor: Accountancy services |
350 | 350 |
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NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
6 PAID EMPLOYEES
During the period no trustees received any remuneration for work carried out for the charity. The only payments for salaries, have been payments to fund overseas clinical workers, and these amounts have been included in camp expenses.
7 TANGIBLE FIXED ASSETS
| Land & Clinic Office Property Equipment Equipment Total Cost: At 1 January 2024 58,621 54,177 - 112,798 Additions - 8,259 - 8,259 Disposals - - - - At 31 December 2024 58,621 62,436 - 121,057 Depreciation At 1 January 2024 - 54,138 - 54,138 Re disposals - - - - Charge for year - 2,105 - 2,105 At 31 December 2024 - 56,242 - 56,242 Net Book Value At 1 January 2024 58,621 40 - 58,661 At 31 December 2024 58,621 6,194 - 64,815 8 DEBTORS 2024 £ Other Debtors 299 Prepayments and Accrued Income - 299 9 CREDITORS: AMOUNTS FALLING DUE IN LESS THAN ONE YEAR 2024 £ Accruals and Deferred Income 500 500 |
2023 £ - - - 2023 £ 500 500 |
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