| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Information | 1 |
| Trustee's Report | 2-3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Account | 7-10 |
| Note | 2024 | 2023 | |
|---|---|---|---|
| (unrestricted) | (unrestricted) | ||
| INCOME FROM | |||
| Rent Receivable | 90,414 | 84,189 | |
| Bank Interest | 2,569 | 1,931 | |
| TOTAL INCOME | 92,983 | 86,120 | |
| EXPENDITURE ON | |||
| Charitable Activities | |||
| Property Costs | 2 | 75,367 | 90,508 |
| Other Costs | 3 | 2,458 | 5,445 |
| TOTAL EXPENDITURE | 77,825 | 95,954 | |
| NEW MOVEMENT IN FUNDS | 4 | 15,158 | (9,833) |
| RECONCILLIATION OF FUNDS | |||
| Funds Brought Forward | 366,003 | 375,836 | |
| FUNDS CARRIED FORWARD | 381,161 | 366,003 |
| AS AT 31S | T DECEMBER | 2024 | |
|---|---|---|---|
| Note | 2024 | 2023 | |
| TANGIBLE FIXED ASSETS | 5 | 232,249 | 240,216 |
| CURRENT ASSETS | |||
| Debtors | 6 | 25,156 | 23,909 |
| Cash at Bank | 153,743 | 134,466 | |
| 178,899 | 158,375 | ||
| CREDITORS: AMOUNTS FALLING DUE | |||
| WITHIN ONE YEAR | 7 | (29,987) | (23,588) |
| NET CURRENT ASSETS | 148,912 | 134,787 | |
| CREDITORS: AMOUNTS FALLING DUE | |||
| AFTER ONE YEAR | 8 | (9,000) | |
| NET ASSETS | 381,161 | 366,003 | |
| FUNDS | |||
| Unrestricted Funds | 381,161 | 366,003 |
| 2 | PROPERTY COST | S | ||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Agent's Rent Collection Charges | 10,155 | 8,893 | ||
| Insurance | 4,499 | 3,889 | ||
| Repairs and Maintenance | 50,898 | 67,001 | ||
| Electricity and Heating Oil | 1,045 | 1,277 | ||
| Loan Interest | 803 | 1,503 | ||
| Depreciation | 7,967 | 7 ,946 |
||
| 75,367 | 90,508 | |||
| 3 | OTHER COSTS | |||
| 2024 | 2023 | |||
| Accountancy | 839 | 799 | ||
| Secretarial Fees and Expenses | 2,000 | 2,000 | ||
| Companies House Fees | 55 | 13 | ||
| Professional Fees | (120) | 2,187 | ||
| Bank Charges | 60 | 60 | ||
| Sundries | (376) | 386 | ||
| 2,458 | ||||
| 4 | NET MOVEMENT IN FUNDS | 2024 | 2023 | |
| The net movement | in funds for the year is stated after charging: | |||
| Depreciation | 7,967 | 7,946 | ||
| Accountants' Fees | Independent Examination | 220 | 220 | |
| Other Services | 619 | 579 | ||
| 8,806 | 8,745 |
| 5 | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Freehold | |||
| Buildings | |||
| Cost | |||
| At 1st January 2024 | 398,331 | ||
| Addition: | |||
| At 3 1st December 2024 | 398,331 | ||
| Depreciation | |||
| At I st January 2024 | 158,115 | ||
| Charge for the year | 7,967 | ||
| At 31 st December 2024 | 166,082 | ||
| Net Book Value | |||
| At 31 st December 2024 | 232,249 | ||
| At 31st December 2023 | 240,216 | ||
| 6 | DEBTORS | ||
| 2024 | 2023 | ||
| Debtors | 23,346 | 22,306 | |
| Prepayments and Accrued Income | 1,810 | 1,603 | |
| 25,156 | 23,909 | ||
| 7 | CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2024 | 2023 | ||
| Accrued Expenditure | 20,987 | 9,588 | |
| Loan | 9,000 | 14,000 | |
| 29,987 | 23,588 | ||
| 8 | CREDITORS : AMOUNTS FALLING DUE AFTER ONE YEAR | ||
| 2024 | 2023 | ||
| Loans | 0 | 9,000 | |
| DEBT DUE AFTER MORE THAN ONE | YEAR | ||
| Repayable between one and five years | 9,000 | ||
| Repayable in five or more years | 0 | 0 | |
| 0 | 9,000 | ||
| 9 |