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2024-12-31-accounts
| 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 |
|