Charlty Registration No. 211980 ROTHERHITHE CONSOLIDATED CHARITIKS ANNUAL REPORT AND UNAUDITED FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ROTHERHITHE CONSOLIDATED CHAIUTIES LKGALAND ADMINISTRATIVE INFORMATION Trustees L. Zulet8 S. Cryan R. Livingstone M. Crawl¢y A. Hashemz&deh A. Whit¢ C. Tejero W. Griffilhs D. Payne E. Mendy (appointed 27 June 2023) A. Hood (appointed 27 June 2023) Father M. Nicholls W. Nelson (resigned 13 January 2023) M. Wellei. (resigned 18 January 2023) Charity number 211980 Principal office clo Southwark Charities 42 St Mary Newiiigton Close Surrey Square London SE17 2LP Independent examiller Patrick Cro¢kford FCCA Flat 13 Drake Couil Swan Street London SEI IBH B4nke Unity Trust Bank plc P.0. Box 7193 Planety Road Willcnhall. WVI 9DG Investment adviso CCLA Investment Management Ltd. One Angel Lane Lni)don EC4R 3AB Brown Sliipley & Co. Ltd. 2 Mooi'gate London EC2R 6AG ROTHERHITHE CONSOLIDATED CHARITIES CONTENTS Page Trustees, report Statement of tvust¢es' responsibilities 12 Independent examiners report 13 Statement of financial activities 14 Balance sheet 15 Notes to the finan¢ial statements 16-21 ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The accounts Iiave been prepared in accoi'dance willi the accounting policies set out in Note I to th¢ accounts 8nd coinply will) the Charity's trust deed, the Chai'ilies Act 2011. and Accounting and Repoi'ling by Charities.. Statement of RecoElltnendcd Practice applicable to ¢harities prepai'ing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from l January 2016). Objectives #nd activities After meeting administr8tive and management expenses the ¢hai'ity's trust deed requires the trustees to apply tlie income of tl)e charity in the following ways for the benefit of the residents of the Ancient Parish of Rotherhithe (the area of benefit).. lil The payment of pei'iodic stipends to the existing beneficiaries. lill The relief of peisons resident in the area of benefit. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities. including public b¢nefit, the Charity sholild undertake. The charity's funding priorities and application processes were substantially modernised and improved following Il)e appointment of Southwai'k Cl)arilies as its Clerk in July 2022, culminating in tlie ¢h8rity's relaunch on 7 March 2023 (see below). Achievementsg perforjnanee and finaneial review Rotherhithe Consolidated Charities (RCC) is one of several an¢ient, endowed charities that op¢rate in the north of tlie London Borough of Souihwark. Our charitable purpose is for the General Benefit of the Poor in the An¢ient Parish of Rotherhithe which roughly equates to Rotherhithe and Surrey Docks wards and small paits of Nortl) Bermondsey> South Bermondsey and Old Kent Road wards. The Cliai'ity's grants and activities are fiinded from income and some capital giowlh generated by its endowinent, which since 2022 has been invested in investment funds thi'ough CCLA and Brown Shipley. Grants to organisations Launeh event The chai'ity's grant-making to voluntary and community organisations and charities resumed following a su¢¢essful re-launch on 7 Mar¢h 2023 of ils grants priorities at Tile Lake Gallery, Southwark Pai'k. attended by around 80 represeiitatives of The Ancient Parisli of Rotherliithe's coininunity. The launch event was opened by The Woi'shipful Mayor of Southwark, Cllr Sunil Chopra, and chaired by Lori'aine Zuleta. Chair of Trustees (piolured). The charity received great feedback from attendees.. "Such a well-altended evenl. So nice to meel so many i'epi'esentalives oflocal gix)ups and comnitrnilies. Thankyou. "Ii was i'eally &4'eal to heal. n701'e aboui Rothei'hiihe Cop730lida¢ed Chai'ilies a￿d ihe amazing Trvoi-k ihalyou dofoi. all mentbeis ofihe local comFnunity. ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEESI REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Priori¢les and proeesses From March 2023, appli¢ant organisations were required to discuss with The Clerk to Trustees their pi'oposals prior to applying oil the l-'lexi-CJrant onlin¢ portal using tlie Rotherhithe Consolidated Charities application form. The Trustees have agreed the following pi'iorilies for 2023 for its area of benefit, The Ancient Parish of Rolherhithe- low-income residents, families, younger people and cliildren. older people living in isolation. and activities to improve community cohesioii. Eligible organisations were tl)ose that supported residents iii the area of b¢nefit that were in need, and that were properly constituted with a Ininitnum of Il)r¢e Management Committee members. Appli¢ations were assessed by The Clerk against the following assessment criteria and circulated with recommendation to tlie charity's Grants Committee, appointed by the board on 21 February 2023, to scrutinise and decide ￿'ant applications in correspondence after five working days- (i) to what extent docs the application benefit people in Iieed in the area of benefit? (li) does the oi'ganisation liave a track record of effective delivery or, if the organisation is new, th¢ experiencelcapacity to deliver tlie proposed initiative? {iii) lo what extent does the proposed initiativ¢ leverage other funds or support? (iv) are budget ¢osts appropriate? Grants awarded 22 grants to voluntary & community organisations and eharities were awarded in the year to 31 December 2023 totalling £59,133 (see note 7 for details of amounts). The grants are themed as follows.. Chil(Ii¢n held at Dockland Settlements, the board resolved to regularise Trustee appointments in line with the Governance Code for smaller chai'ities, to create a reci'uilment sub-¢ommille¢ in order to reeriiit new trustees from 2024 to fill cutTent vacancies, and to prepare the chai'ity for the vacancies which will be created by trustees who are expected to retire in 2026 and 2027. and to commission a single charity scheme comprising of all valid clauses and those that require amendment. In 2024 we aim to intensify our work to benefit residents living in the Anci¢ii1 Parish of Roiherliithe that are in need througli our gi'ants to organisations aiid grants to individuals, programmes. ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Fillancial review The Chai'ity had A surplus of income over expenditure before investment gainsl{losses) for the year of £110,469 (2022.. £5,072). Th¢ Siock Mai'ket slart¢d 2023 stroiigly but softened iii Q2 & Q3 before trecoverti)g strongly in Q4, resulting in inveslm¢iils growing by £367.282 foi. tli¢ y¢8r (2022.. loss £371,912). As a result, the ovei'all surplu5 for the yeai. was a veiy healthy £477,751 (2022.. deficit £366,840). Funds at tEie year-end were £6,038,453 (2022: £5,560,702). Within tlie area of benefit, net stipend and hardship referral grant payinents of £6.520 (2022.. £11,449) w¢re made. As in 2022, no holidays were provided. Inslitulional grants amounting to £59.133 (2022: £14,500) were made. Reserves poliry It is the policy of tl)e Charity that unrestricted fuiids wliich have not been desigiiated foi. a specific use should be maintained at a level to provide investment in¢ome sufficient to covei. giants and adininistrative costs. This Icvel of reserveg has been maintained thi'oughout the year. Investment policy The ti'ustees l)ave delegated the investment management responsibilities to Ili¢ir investment advisers who have managed the funds with the objective of providing high and growing levels of income. Risk management Tlie trustees have identified and assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Structurej governance and manlgemenl Th¢ Charity is governed by a scheme sealed by the Chaj'ity commissione￿ on 14 November 1905, as varied by schemes dated 15 January 1926, 16 May 1958, 9 February 1967 and I l June 2012. The trustees who served during Ilie year were.. Ms L. Zulets Cllr S. Cryan Cllr R. Livingstone Ms M. Ciam'ley Ms A. Hasliemzadeh Mr A. While Ms C. Tejero Mr W. &'iffiths Mr D. Payne Ms E. Mendy Cllr A. Hood aihei. M. Nicholls W. Nelson (resigned 13 January 2023) M. Weller (resigned 18 January 2023) Six of tlie twstee5 arc currently representAtive ti'ustees, being appointed by the London Borough of Soutljwark for a terin of four years. In the year these w¢tE L. Zul¢la, S. Ci'yan. M. Crawley, A. Hashemzadeh, A. White and D. Payne. Five of the tt'ustee5 al'e cuiyently co-optative triistees, being appoiiited by Ilie trustees for a term of fiv¢ yeai's. In Il)e year these were R. Livingstone, W. Griffiths, C. Tejei'o, E. Mei)dy and A.Hood. io ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEESI REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Ex-oificio ti'ustee is Fr. M. Nicholls, the Incumbent of the benefice of tl)e Parisli of St. Mary's With All Saints, Rotherhithe. Tlie Irus¢ees, wlio meet quarterly, administer the charity- The truste¢s' report was approved by the Board of Trustees. Signed.. L. Zulela Trustee 161712+ ROTHERHITHE CONSOLIDATED CHARITIES srATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE FEAR ENDED 31 J)ECEMBER 2023 The trustees are responsible for preparing the Trustees, Report and the finan¢ial stat¢ments in accordance with applicable law and Ui)iled Kingdom Accountftng Standards (United Kingdom Genei'ally Acceptcd A¢counting Practice). The law applicable to cl)arities in England and Wales requires the trustees to prepare financial 5taletnent5 for each financial ycar which give a true and fail. view of the slate of affairs of the Charity and of the incoming I'esources and application of resources of the Charity for tliat year. In preparing these financial slat¢ments. the trustees are required to.. select suitable accounting policies and then apply them con5iStently> - observe the method5 and principles in the Charities SORP. make judgem¢nts and estimaÉe8 that ar¢ i'easonable and prudent. state whether applicable accounting standards h8ve been followed, subject to any material deparliiiES dÈsclosed aiid cxplaii)cd in the financial statements- and prepare the financial statem¢nls on tlie going wn¢ern basis unless it is inappropriate to presume that the cl)arity will continu¢ in operation. The twstees are re5ponsibl¢ for k¢¢ping si1￿1Clent accounting ircoi'ds that disclose with reasoiiable accuracy at any time the finan¢ial position of the Charity and enable Iliem to ensur¢ that the financial stateJnent5 comply with the Charities Act 201 l. thc Charity (Accounts and Reports) Regulations 2008 and the provisions of the ti'ust deed. They are also i¢sponsible for sftfeguardinu the assets of ilie Charity and h¢n¢e foi. taking reasonable steps foi. the prevention and detection of fraud and other irr¢gularilies. 12 ROTHERHITHL CONSOI,IDATLD CHARITIES [NDEI PEI NDENT EXAMRIYER'S IiEI PORT TO THE TRUSTII ES OF ROTHEI RttlTHC C0Tr4SOLIDATED CHARITIES I'ei)oit lo tl)e trustees on my cxaniiiiatioii of tlie fiiiaii¢i¢il statemeiils of Rotherliithe Coiisolidated Cliai'ities (tlie Charity) for tl)e year elided 31 Deceiiibei. 2023. Resi)onsibilities AJ)(I basis of rei)ort As tli¢ tl'llslces of Ilic Cliarity yoii al'e I'espoi)sible for tl)e p￿paratIO11 of tlie fiiiaiicial slat¢mciils in accoi'daiice will) the I'eLiiiii'cineiits of tl)e Cliai'ities Act 2011 (tlie 201 l Act). report iii respect of Iny exaniinatioii of Il)e Cliai'ity's fi1)aiicial staleiiieiit5 cari'ied oiit uiidei. section 145 of tlic 2011 Act. Iii cari'yiiig oiil Iiiy exliiiiiiiatioi) I liave folloived all tlic applicable Dir¢¢lioiis givei) by Ilie Cl)Ji'ity Coiiiini5s1011 uiidei. 5¢clioi) 145(5){b) of Ilie 201 l Act. liidei)eiident exan)iiioi s statenieiit YoLlI- atleiitioii is di'aivii to tlie fact that Il)e chai'ily l)as prepai'ed tiiiaiicial stateineiits in accordaiice witl) Accoiiiitiiig ai)d Repoi'lii)g by Charit1¢5 pi'cpariiig tlieir accotliits iii accoi'dance witli tlie Fiiiaiicial Reportiiig Stai)dai'd applicable iii Ili¢ UIC aiid RepLiblic of I￿lalid {fRS 102) ii) pi'efereiice to the Acrouiiliiig aiid Repoitiiig by Cliai'ities.. Stateineiit of Re¢oiniiiei)ded Pi'actice ISSLied oli l April 2005 vliicli is I'efei'red to iii tlie exlaiit Irgiilatioiis btst has i)oiv beeii wiilidi'awii. I uiiderstaiid tliat tliis has beeii Iloiie iii ol'der for fiii4iicial slateinei)Is to PlDvide 8 Iiwe ai)d fair view in dccorclaiice Nvitli U.K. Geiierally Accepted Accolilit￿alL￿ Practic¢ rffcclive foi. I'epoitiiig pei'iods begii)Iiiiig 01) oi. aftei. l January 2015. I liave eoiiipleled Iny cxaiiiiiiatioii. I coiifii'iii that 110 Iiiallers li&ve coiiie to Iny Jtleiitioi) ii) coniiectioii witli tlie examii)atioii giviijg me cause to believe tl)at iii ai)y Inatcrial I'espect.. (i) accoliiiliiig I'e¢ords i¥ere not kept iii I'espect of the Cliai'ity as reqiiii'ed by sectioi) 130 of tl)¢ 2011 Act- oi. (ii) Ilie fii)ai)cial st4iteiiieiit5 do Iiot accoi'd witli tliose I'ecoi'ds. oi. (iii) tlie financial statei))eiits do Iiot coii)ply witli Ilie applicable i'equii'eiiieiits coiicei'niiiby tlie foriii and coiiteiit of accouiits set oiit iii Il)e Cliai'ities (Ac¢oui)Is aiid R¢poi'ts) Regiilatioiis 2008 other thai) aiiy I'eqiiii'eineiit tliat tlie 4 L. Zuleta Trnstee 15 ROTHERHITHE CONSOLIDATED CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE FEAR ENDED 31 DECEMBER 2023 Accounting policles Charity inforniatloll Rotli¢rhiil)e Consolidated Charities is a trust. The rcgistered office is clo Souihwark Charities, 42 St Mary Newington Close, Surrey Square, London. SE17 2LP. 1.1 Accounting eonventio The a¢ooiints have beeii prepai'cd in ac¢ordan¢e with the ChaTity's trust deed, the Chai'ilies Aot 2011 and "A¢¢ounting and Reporting by Charities.. Statement of Re¢oinmeiided Practice applicable to charities preparing their accounts ii) accordance with the r,inancial Reportiiig Standard applicable in thc UK and Republi¢ of Jreland (FRS 102)" (as amended for accounting periods cominencing from l January 2016). Th¢ Cliarity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to pr¢par¢ a Siat¢ment of Cash Flows. The financial statements hav¢ dep8rted from the Charities (Accounts and Reports) Regulations 2008 only to the extent iwuired to provide a true and fair view. This departure has involved following the Statement of Recommended Practi¢¢ for ¢haYities applying FRS 102 rather than the version of tlie Statement of RecoM￿ended Praotiee which is referred to in the Regulations but whi¢h has since been witlidrawn. The flllancial statements are pi'epared iii 5tcrlingy which is the functional currency of the Charity. Monetary amounts in these financial ststem¢nts al'e rounded to the nearest £. The accounts Iiave been prepai'ed under the historical cost convention. tnodified to include the revaluation of investments. Tlie principal aocounting policies adopfrd are set out below. 1.2 Going coneern Th¢ trustees believe that tlie cliarity has adequate c8sh resources in order to pay all of ils creditors as they fall due for the foi'eseeabl¢ future and for at least twelve monil)s fi'om the date of signing tliese fiiiancial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the ts'ustees in furth¢ran¢e of their charitable objectives. 1.4 Incoming resources Incoinc is Ircognised when the Charity is legally entitled to it aftei. any perfoi'inaiice conditions have been Inet, the amountg can be ineasured reliablyj and it is probable that inoome will be received. Cash donations are recognised on re¢¢ipl. Other doiiations are recognised once the Cliority has been notified of the donation. unless perfoi'mance conditions require deferral of th¢ amount. Incoine tax recoverable in Itlalion to donatioiis i'¢c¢ived under Gift Aid or deeds of covenant is recO￿lISed at the time of the donation. Investtncnt income is accounted for on a receivable basis. 16 ROTHERHITHE CONSOLIDATED CHARITIES 1.5 Resources expended Expenditure is I'ecognized once there is a legal or constructive obligation to transfer econoiT]ic benefit to a third patty. it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measui'ed reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and govei'nance ¢osts are allocated to the applicable expcnditui'e headings. Expenses include VAT where applicable as the charity canttot reclaim it. 1.6 Fixed asset investments Fixed asse1 investmei)Is are initially me8SEired at transactioi) price excluding transaction costs and are subsequently m¢asured at fair value at eacli reporting date. Cl)ange5 in fair value ay¢ re¢ognised in ii¢t incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.7 Cash and ¢ash equivalents Cash and casli equivalents in¢lude c8sh in l)and, deposits held at call witli banks. other slioi1-tern] liquid investments wilh original maturities of Ihre¢ months or less, and bank overdrafts. Bank ov¢rdTafts are shown within boiiDwings in Current liabilities. 1.8 Financial iDstruments The Charity has elected lo apply the provisioils of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Litstruments Issues, of FRS 102 to 811 of its fin&ncial insti'uments. Financial instruments are recognised in the Charity's balance sheet when the Charity beeomes paty to the contractual pi'ovisions of the insts'umenl. Financial assets and liabililies are offset, with the net amounts Presented in th¢ finan¢ial stat¢m¢ETrts. wlien there is a legally enforceable right to set off the ￿CogniSed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. BftbicfiiilliiLial ftJJels BasiL finan¢ial assets, which includ¢ debtors and cash and bank balances. al'e initially ineasured al transaction pi'ice including transaction costs and are SLibscquct)tly cai'ried at amortiscd cost using the effective Tnterest method unle55 the arrangeinent ¢onstilules a financing transaction, where the traiisaction As Ineasured at the present value of the future I'eceipts discounted at & inarket rate of interesl. Financiat ￿setS classified as I'eceivable withiii one yeai. are tLOt amorlised. Bllsicfiiiaiiciftl lillbililia Basic financial liabilitie5, includii)g creditors and bank loans are initially recognised at transaction pric¢ unless the arrangement constitutes a financing transaction, where the debt iIistruinent is Ineasured at Ilie preseiit value of tlie futui'e paymcnts discounted at a market rate of interest. Fiiiancial liabilities classified as payable withii) one year are not amortised. Debt iiistrumeiits are subsequently eai'ried at amortised cost, using the effective intei'est l'ate metliod. Trade creditor5 are obligations to pay for goods or services that have been acquired in tlie ordinary course of operations froin suppliers. Ainount5 Payable are classified as CUTTent liabilities if payment is due within one year oi. less. If not, th¢y are presented as non-cunrnt liabilities. Ti?de Creditors recognised initially at transactioii pi'ice and subsequently measured at ainortised cost using the effe¢tive interest method. D£recogniliDii offiiitsnelal liubililies Financial liabilities ale d¢recognised when the Charity's contractual obligations expire or al'e dis¢harged oi. cancelled. 17 ROTHERHITHE COIYSOLIDATED CHARITIES NOTESTOTHE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 NOTF.S TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2023 Critic81 aeeounting estlmates and judgements In the applicaiion of ilie Charity's accounting policies, lh¢ trustees are required to make judgeinen estimates and assumptions about the carrying amount of assets and liabilities that are not r¢adily apparent fi'oin othei. sources. The estimates and associated assiimptions are based on historical experienoe and other factors that are Considered to be relevant. Actual i'esults may differ from theb¥ estiinates. Tl)e estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting estimates are i'ecognised in the p¢i'iod in wliich tlie estimate is revised where die revision affects only tliat pei'iod, or in the peTiod of th¢ i'evision and futui'e periods where the revision affects both current and future pei'iods. Unre5trittsd Funds Unrestricted fi]nds 2023 2022 Donhtlons And legAeles Donations 8ifts 22,390 122IK Investments Inconie from listed investments ITI,137 51,063 RRT5ing funds Share of support CO515 (See note 8) 21,785 29,242 sha￿ of governancc costs (see note 81 .620 3,000 InyE5tl￿enl management fees TotAI 23AOS 32242 18- ROTHERHITHE CONSOLIDATED CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINULI D) FOR THE YEAR ENDED 31 DECEMBER 2023 Chgritsble activities 2023 2022 Grant fuThding of activities (see note 71 65.653 25,949 Holidays 65,653 25,949 AmAlysls by fund Ujirestricted furtds 65,653 25,949 Grnnts payllble 2023 2022 Art in the Park Ballers Academy Blue B¢m)oMdsey City Hope Chuirh Lollaborative Arts rjockland 8cttlcincnts Frank Whyinark House Global Generatio Hawkstone TRA London Bubble Theatre Mads Do & Mend CIC M£tyflower TRA Restorative Justice Roosters Boxing Club Roiherhithe Festival Southwai'k CAB Time & Talents Tower Hamlets Youth Sport Foundation Tutors United 782.50 2,730.00 5,OQO.00 5,000.00 2,000.00 4,530.00 0.00 2,550.00 1,000.00 3,000.00 2,042.50 1,000.00 3,000.00 4,500.00 3,000.00 5,400.00 8,528.00 2,000.00 1,000.00 500.00 3,000.00 lo.￿0.00 59,133.00 14.500.00 Grants to indivÈduals 6,520.00 11,449.00 65.653.00 25.949.00 19- ROTHERHITHE CONSOLIDATED CHARITIES NOTES TO THE FINANCIAL STATEMEI NTS (CONTINUED) FOR THE IFAR ENDED 31 DECEMBER 2023 Smpport Costs 2023 2022 Support Costs Governance Cosls Total Total Office administration and services of the Clei'k to tlie trustees 24,000 24.000 24,960 Other expenses 2,786 2,786 4,282 Ind¢pend¢nt Examination fee 1,380 Accoui)tancy and administration fee 1.620 1,620 1,620 26,786 1,620 28,406 32,242 Brougl)I forward adjustment to accKuals (5,001) (5,001) Analysed between charffttable activili¢s 21,785 1,620 23,405 32,242 Trustees None of the trustees (or any persons connected with them) received any remuneration fiom the Cl)arity during the year. No expenses (2022: £Nil) were paid to any of the trustees in the yeai.. 10 £1 mployees The ¢harity liad no employees during the y¢ar (2022: None). li Net gainsl(105ses) on illveslments Unrestricted funds Total 2023 2022 Revaluation of investments Gain/(loss) oli sale of investments 367,282 (371,912) 367,282 (371,912) -20- ROTHERHITHE CONSOLIDATED CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Fixed assel investments Listed investments Casb in portfollo Total Cost or valuatio At l January 2023 Additions Valuation changes Protitsl(losses) on disposals Cash moveinents Disposals 5,505,710 5,505.710 367,282 367.282 At 31 December 2023 5,872,992 5,872,992 Carrying amoullt At 31 December 2023 5 872 992 5 872 992 At 31 December 2022 5 505 710 5 505 710 13 Debtors 2023 2022 Amoullts falling due 7vithin one ye#r: Oth¢r debtors Pi'epayments and accrued in¢ome 14 Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 15,001 15 Related party transactlons Dui'ing the year a ￿'ant wms Inade to Do¢klatid Settlements foy £4,530. Oiie of the trustees. E. Mendy, is an employee of this charity. 16 Control The Cliarity is contiDlled by tli¢ trustees. 21