REGISTERED COMPANY NUMBER.. 03258327 (England and Wales REGISTERED CHARITY NUMBER: 1061569 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR PORTSMOUTH MEDIATION SERVICE
PORTSMOUTH MEDIATION SERVICE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Report of the Trustees Independent Examinerfs Report Statement of FlnancHI Activities Balance Sheet Notes to the Flnancial Statements 8 to 15
PORTSMOUTH MEDIATION SERVICE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the chanty ft>r the wrposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the promsions of Accounting and Reporting by Charittes: Statement of Recommended Practice applicable to charities preparing their accounts in )rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective 1 January 2019). OBJECTIVES AND ACTMTIES Oblectfves and aims Vision PMS aims to operate as a 'Cenlre of Excellen and Influen. in s*ing Portsmouth established as a Restorative Cty. Mfsslon Through a joumey of assessment, medk3tion and restorative pradice. we will partner with other envistoned people and organisations to help seek the peace and prosperity of a 'Restorative Portsmouth,. Public benefit The trustees confimi that they have referred to the guidan contained in the Chaiity Commission's general guidanc8 on public benefit when reviewing the charity's aims and objectives and in planning future actiwties. The trustees refer to public benefit throughout this report. Pe1
PORTSMOUTH MEDIATION SERVICE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE Charitable activities Achlevement and perfomiance As Chair of Portsmouth Mediation sere, it is my privilege to share an overview from the trustees of our activities over the past year. This has been a year of significant strategic development and consolidation, with our efforts focused on strengthening our organisational foundation while continuing lo delbver vital services to our community. Strategic Planning and Governance A major achievement this year was the naninuS approval of our comprehensive Strategic Planning document, developed through eensiVe consultats.on wrth trustees. staff, and our strategic advisor Maureen Chaffe. This document provKles a clear roadmap for our future development and establishes the four pillars of our strategic Msion: Finan & Operational Stability. Partnerships. Widening Our Impact, and TRining, Development, Health & Well-being. The trustees undertook a dedicated away day in April 2024, wfEre we engaged in r8storativ8 practices lo align our vision and strengthen our collective commitment to making Portsmouth a truty restorative city. This collaboratNe approach has enhanced our governance and deepened our understanding of our individual and Gollective responsibilities. Ser4ice Delivery and Staff Development D88Pite facing the signtficant challenge of saying farewell to Tina after 18 years of dedicated service to the charity, we successfully managed the transition through cafUl planning and consultation, ensuring continuty of seNices while supporting staff through change. Our expansion into Wnchester (as part of the Solent Restorative Partnership} continu8S to develop pcsitively. wilh new volunteers joining the tvam and strengthening our regional presence. This growth refiects our commitment to extending restorative practi beyond Portsmouth's bowdaries. Financial Stsbilty and Sustainability The trustees are pleased to report continued financial strength, with our aOUnts maintaining the healthy tsrget balances. Our increasingty diversffied income streams, induding family mediation services and training programmes. continue to support our Charitab objectrves while ensuring financial resilience. The trustees approved appropriate stsff pay increases 2025. rniSIng the Valuab contributions of our team and maintaining our commrtment lo fair employmerrt practices. Tralnlng and Development Our training programmes continue to generate inco£ while spreading restoratwe practices throughout the communty. We recognise training as l)oth a core service and a means of building capacty for r8Storative approaches across Portsmouth. The trustees have identffied this as a key area for future development. Community Partnerships and Impact Our collaboration with local agencies. including the NHS and warious cc¥nmunity groups, demonstrates our commitment to integrated Servi delNery. We continue to work closely with Portsmoulh Crty Council and youth organr&ation partners to address ants"social behaviour and promote communty cohesion. The Waterfront Restorative Approaches PartnehIp (VfftAP) continues to prOe valuable feedback and oynmunty engagement, whi18 our assessment Servi maintains its vital role in supporting those in need of mediation service5. Looklng FoNrnrd As we move into 2025-26. the tmstees remain committed to our wsion of helping to establish Portsmouth as a restorative cty. Our strategic plan promdes clear direction for expanding our impact while maintaining the high-qualty. persOn-nIred services thal define our approach. We are exploring opportunilies to strengthen our partnerships, enhance our training offerings, and develop new approaches to communty engagerrent. The potential for integrating we1lbeg support irrto our seiceS reflects our holistic understanding of ccxnmunty needs. Summary Page 2
PORTSMOUTH MEDIATION SERVICE REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2025 The trust8 would like to acknowledge and thank the dedication and hard work of our Se1 Manager Steve Rolls, our staff team. volunteefs. projeci partnerships, and supporters of Portsmouth Mediation Service. Our collective efforts continue to make a tangible difference in the lives of many. The completion of our strategic planning process, combined with our strong financial position and committed leam, positions us well for continued growth and impact. As we Icok to the future, l am confident that our strategic appn)ach will further strengthen our abiliiy to setve our ccxnmuntties and advance the cause of restorative justi. Thank you for your continued support and belief that together. we are building a foundation for increased pea and championing Portsmouth as a Restorative Cty. Should you be inspired to beccme part of our team as a volunteer or a twstee. we would be delightgj to provide furlher information. Paul Hutchlngs Chair of the Board of Truslee5 On behalf of the Board of TNstees FINANCIAL REVIEW Financial position The surplus for the year is £36,302 compared to a surplus of £22,468 in 2024. Current assets held are £144.136 compared to £106.280 in 2024. Reserves policy It is the policy of the charity that unrestricted furKls which have not be designated for a 5peGifiG use should be maintained at a level equivalent to between three and six months. expenditure. The trustees nsider that reseNes at this level will ensure that, in the event of a signifiG2nt drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be rais&J, or expenditure reduc. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing document The charity is ntrOlled by its goveming doCumrt. a deed of trus( and ¢StituteS a limrted company, limited by guarant88, as defined by the CompanEs Act 2CrfA. Organlsatlonal structure The charty is a o)mpany limrted by guarantee. Trustees ar8 recruited from inter8Sted individuas, volunteer mediators and representaltves of the community. None of the trusts has any beneficial interest in the cc4npany. All the trustees are members of the company and guararrtee to contribute a sum not exceeding £10 f[ payment of the ccvnpany's debts and liabilities in the event of winding up. The trustees have paid due regard to guhdance issued by the Charity Commission n deciding what activities the charity should undertake. The charity is managed by the trustees who may exercise all the tM)wers of the charity. For the past year, the day-to-day operation of the charity has been carried out by the Se Manager who reports to the trustee5. All policy and strategy are dlded by the trustees stitiug as a group on a regular basis. The PortsnUth Mediation SeNice (PMS) operates for the benefrt of residents in Portsmouth and for the benefft of social housing residents in the wider P((smouth area. A substantial proportion of the work of PMS is with Portsmouth City Council. The trustees have and continue to assess the major risks to which the charity is exposed and are satisfi that systems are in place ta mitigate exposure to major risks. Page 3
PORTSMOUTH MEDIATION SERVICE REPORTOF THE TrUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DE-fAILS Registered Company number 03258327 (Eroland and Wales) Registered Chartty number 1061569 Registered office The HIVE Portsmouth Hub Aggie Weston Hwse 22 Edinburgh Road Porlsmouth Hampshire P01 1DH Trnstees The Trustees, who are also the directors for the purpose of company law WI serwj during the year were: Fiona Armstrong Philip Wnchester Alan Davis Paul Hutchings WerKly May Jacobs Lisa Wills (Appoint&J 11 Marth 2025) Independent Exaniner S Mackie FCA Morris crcer Chartered Accountants Station House Havant Hampshire P09 1QU Approved by order of the board oftruste8S .......................... . ........... .. signed on its behalf by. P vnChester- Trustee Page 4
INDEpENDEr EXAMINER'S REPORT TO THE TRUSTEES OF PORTSMOUTH MEDIATION SERVICE Independent examinerfs report to the trustees of Portsmouth Mediation Service ('the Company.) I report to the charty trustees on my examination of the lUnts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the chariiy's trustees of the Company (and also rts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 201% ('the 2006 Act,). Having satisfied myseSf that the accounts of the Company are r1 required to be audited under Part 16 of the 2006 Act and are eligible ftx- independent examination, I report in respect of my examinabon of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Ad'}. In carrying out my examination I have followed the Directions given by the Charty CommissM)n under Section 145(5) {bl of the 2011 Act. Independent examinerfs statement Since your charitys gross income exceeded £250.000 your examin8r must be a member of a listed body. I can confimi that l am qualffied to undertake the examination because l am a member of the Institute of Chartered Accountants in England arKI Wales, which is one of the listed bodies. I have ccKnpietad my examination. I confinn that no matters have cc#ne to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records,. or the accounts do not comply wrth the accourrting requirements of Section 396 of the 2006 Act other than any requiremerrt thal the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordan wtth the methixls and principles of the Statement of Recommended Practice fr)r accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no conM$ and have come across no olher matters in connedion wrth the examination to vthich attention should be drawn in Ihis report in order to ena)le a proper understanding of the accounts to be reached. S Mad(ie FCA Monis Crocker Chartered Accountants station House North Street Havant Hampshire P09 1QU 17th July. 2025 Page 5
PORTSMOUTH MEDIATION SERVICE STATEmEr OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Tot funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 38,565 38.565 61,304 Charitable activities Assessment & Mediation 206.784 206.784 168.671 Other trading activilies 5.277 5,2TI Total 250.626 250.626 229,975 EXPENDITURE ON Charitable aGtivities Assessment & Medialion 214,324 214,324 207,507 NET INCOME Other recognised galnsl(losse5) Actuarial gainsl{losses) on defined benefft schemes ,302 36.302 22,468 (394) (394} Net movement In funds 35.908 35,908 22,468 RECONCILIATION OF FUNDS Total funds brought forward ,952 96.952 74.484 TOTAL FUNDS CARRIED FORWARD 132,860 132.860 98,952 The notss form part of these financial statements Page 6
PORTSMOUTH MEDIATION SERVICE BALANCE SHEET 31 MARCH 2025 2025 2024 FIXED ASSErs TarKJible assets 11 203 CURRENT ASSETS Debtors Cash at bank 12 54.791 89,345 37,510 68.770 144,136 1 C6,280 CREDITORS Amounts falling due within one year 13 (10.881) (9,363) NET CURRENT ASSETS 133,255 ,917 TOTAL ASSETS LESS CURRENT LIABILITIES 133.255 97.120 PROVISIONS FOR UABIUTIES 14 {395) (168) NET ASSErs 132,e8J .952 FUNDS Unrestri&ed funds 16 132,860 TOTAL FUNDS 132.860 ,952 The charrtabte company is entitted to exemp1K wjit undw Section 477 of the Compani8s Ad 2cfJ6 for the y8ar ended 31 Marth 2025. The member5 hav8 not required the company to obtain an audit of tts financial sU2tements for the year ended 31 March 2025 in accordance with Sedion 476 of the Cunwies Act 21XE. The trustees acknowledge their rey- K)sibditi8s fc¥ (a) ensuring that the charitable company k&ps accountiThJ records that comply with Sections 386 and 387 of the Companies Act 2CK% arKI (b) preparing [anUal statements vthith give a true far view of the sia18 of affairs of the charitab company as al end of e&h financial year arKJ its surplus or deficit tr eath financial year in accordance with the requirernents of Sections 394 &•id WJK . -r dlerwise cornply i?.. . requir8ments of Compantes Act 2(KE relatro to frnal statements, so far as applicable to the charitable Gompany. These financial statements have b*n prepared in &)rdarK2 wtih the FrnisiTh applicable to charitable rnpanS subject to the small companies rlMe. The financial statemerrts were aF%xovI by the Bo¥d of Ttustees and aulhorised for issue on .. and were SI its b8half by: P Winchester- Trustee The notes form wt of these firAncial statements Page 7
PORTSMOUTH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefft entity under FRS 102, have been prepared in OrdanCe with the Charities SORP {FRS 102) A(xourrting and Reporting by Charnlies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effectwe 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the histo1 cost convention. The trustees o)nsider that there are no matenal uncatsntEs regarding the charitys ability to continue as a going conrn. Income All income is rwnised in the Stalwnent of Financial ActsvitE5 On the charity has entitlement to the funds, it is probable that the income will be received and the amounl can be measured reliably. Expenditure Liabilrties are recognised as expendtiure as sn as there is a legal or constructive obligalion committing the charity to that expendrture. it is probable that a transfer of eo)nomic ben8fits will be required in settlement and the amount of the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and has been classtfied under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings they hav8 been allocated to activtties on a basis consistent with the use of resour. Tangible fLYed assets Depreciation is provided at the follth¥ing annual rates in order to write clf exh asset over its estimated usefu5 life. Fixtures and fithngs Computer equipment 25 % on cost 250/0 on cost Individual fExed assets costing £1,000 or nM)r8 ar8 capitalis8d at cost. Taxation The charity is exempt from corporab.on tsx on ts chantable activrtEs. Fund accountlng Unrestricted funds be used in accordance with the charitable objectives at the discretion of th6 trustees. Restricted funds can onty be used for particular restricted purposes wrthin the objects of ihe charity RestrictnS arise when specified by the dOr or when fvnds are raised for particular restricted purFX)ses. Further explanation of the nature and purpose of each fund is included in the notes to the financial statemenls. Penslon costs and other post-retirement benerts The charitable company cp8rates a defined contribution nSn scheme. ContribLrtions payabl8 to the chariiable company's pension scheme are charged to the Statement of Financial Activities in the pericyj to which they relate. Financial instruments The charty only enlers into basic financial instruments transactions that result in the recognition of financial assets and liabilits'es like trade and other accounts re1vable and payable investments in stocks and shares. The mea$Urerynt basis used for these instruments is detailed below. Debtors and cash at bank Page 8 continued...
PORTSMOUTH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEMENTS - conts'nued FOR THE YEAR ENDED31 MARCH 2025 ACCOUNTING POUCIES - continued Financial instruments Trade and other debtors are recognised at the settlement amount due aft8r any trade discount offered. Prepayments are valued at the amounl prepaid net of any trade discounts due. Cash at bank and in hand included cash held on deposit in a current account. Credttors and provisions Creditors and provisicns are recognised where the charity has a present obligation resutting from a past event that will probably result in the transfer of fijnds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recnISed at their settlement amounl after allowing for any trade discounts due. DONATIONS AND LEGACIES 2025 2024 Donations Training f*s 2,311 36,254 14,456 46,848 38,565 61,304 OTHER TRADING ACTIVITIES 2025 2024 Other income 5,277 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Assessment & Mediation Grants 206,784 168,671 Grants received, included in the above, are as follows: 2025 2024 General PCC grant Restorative solutions The Scottish Community Development Centre 11,125 162.654 17.405 15.600 971 142,750 24,950 2(E.784 168,671 Page g continued
PORTSMOUTH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 CHARITABLE ACTIVITIES COSTS Support costs (see not& 6) Direct Costs Totals Assessment & Medbation 212,341 1.983 214,324 SUPPORT COSTS Govemance costs Finance Totals Assessment & Mediation 200 1,783 1,983 Supporf costs, induded in the above, are as follo•VS: Finance 2025 Assessrnent & Mediation 2024 Total activities Bank charges 200 161 Governance costs 2025 Assessment & Mediation 2024 Total activities Independent examiners fees Legal fees 1,748 35 1.TT9 35 1.783 1.814 INCOMEI(EXPENDITURE) Net incomel{expenditure) ts stated after chargingl{cte(trting): 2025 2024 Depreciation - owned assets 203 1,683 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or (ther beT* for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 10 continuad...
PORTSMOUTH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS - continued Trustees. expenses During the year no Irustees (2024:nil) vRre re1nurSed out of pocket expenses totallirig £nil (2024'.£nil). STAFF COSTS 2025 2024 Wages and salaries Social securty costs Othèr pension costs 94,381 5,775 4.114 91,567 4.955 3,150 104,270 99,672 The average monthly number of employees during the year as follows: 2025 2024 Management and administration Direct support staff No employees received emolumerts in exc of £60.OCM). The charity paid contribulions to pension scheme for none (2024.. nil) of those employees with emolum&nts in excess of £60,0(KJ. 10. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total nds INCOME AND ENDOWMENTS FROM Donaticns and legacies 61,304 61,304 Charitable activities Assessment & Mediad'on 168,671 168,671 Totsl 229.975 229,975 EXPENDITURE ON Charitable activities Assessment & Mediatic 207,507 207,507 NET INCOME 22,468 22,468 RECONCILIATION OF FUNDS Totsl funds brougm fOard 74.484 74,484 TOTAL FUNDS CARRIED FORWARD 96.952 .952 Page 11 continued...
PORTSMOLrrH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEmErs - continued FOR THE YEAR ENOED 31 MARCH 2025 11. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST At 1 April 2024 and 31 March 2025 5,917 814 6,731 DEPRECIATION At 1 Npril 2024 Charge for year 5,917 811 203 6,528 203 At 31 March 2025 5.917 814 6,731 NET BOOK VALUE At 31 March 2025 At 31 March 2024 203 203 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and acctued income 44,592 10,199 26,428 11,082 54,791 37,510 13. CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2025 2024 Trade creditors Other credrtors AccNals and defeed income 493 8,326 2,062 53 1,866 10,881 9.363 2025 2024 Brought forward Amount released to incoming reSoUrS Amounl deferred in year 190 (190) 320 170 (170) 190 Carrted forward 320 190 Page 12 continued...
PORTSMoufH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEPIIENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 14. PROVISIONS FOR UABIUTIES 2025 2024 Provisions 395 168 A full actuarial vauation for the scheme was carried out at 30 September 2023 This valuatiori showed assets of £514.9m, liabilities of £531.Om and a deficit of £18.1m. To eliminate this funding shortfall. the Trustee has ask8d the participating employers to pay addrtional contributions to the scheme. PortsmoLrth Mediation Services share of this deficit is £395 as at 31 March 2025 as indicated below. To eliminate this funding shortfall, the Trustees and the participating employers have agreed that additional contnbutions will be paid ere the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liabilty for this obligation. The amount re¢ognised is the net present value of the deficrt reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detsiled n these disck)sures. The unwinding of the discount rate is recognised as a finan cost. Reconciliation of opening and closing provisions Period Ending 31 March 2025 Period Ending 31 March 2024 Provision at start of period Unwinding of the discount factor (irrtere5t expense) Deficit contributi)n paid Remeasurements - impact of any change assumptions RemeasLJrements - amendments to the contribution schedule Provision at the end of period 168 360 14 (206) (171) 391 395 168 Income and expenditure impact Period Ending 31 Mah 2025 Period Endlng 31 March 2024 Interest expense Remeasurements - impact ofany change in &8surWh)ns Rem8asurements - amendments to the contribution schedule 14 14 Assumpts'ons 31 March 2025per annum 4.84% 31 March 2024per annum 5.310 31 March 2023per annum 5.520 Rate of discount The discount rates shown above are the equivalent single discounl teS whtch, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contribLrtions. Page 13 continued...
PORTSMOUTH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total ftjnds 2024 Total funds Unrestricted Restncted fund fund Fix¥J assets Current assets Current liabilrties Provision for liabilities 203 106,280 (9,363) {168) 144,136 {10,881) (395) 144,136 (10,881) (395) 132.860 132.860 ,952 MOVEMENT IN FUNDS Net movemenl in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 98,952 35,908 132,e60 TOTAL FUNDS 96.952 35.908 132,860 Net movement in funds. included in the aove are as folIcs. Incoming resources Re50ur(zs expended Gains and losses Movement in funds Unrestrlcted funds General fvnd 250.626 (214.324) (394) 35,908 TOTAL FUNOS 250,626 (214,324) (394) 35,908 Comparatives for movement in funds Net movement in funds At 1.4.23 31.3.24 Unrestricted funds General fund 74,484 22,468 96,952 TOTAL FUNDS 74.484 96,952 Page 14 continued...
PORTSMOUTH MEDIATION SERVICE NOTES TO THE FINANCIAL STATEmErs - continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOvEmEr IN FUNDS-continued C(JmparatNe net movemerrt in funds. included in the above are as fr)Ilows: Incoming resources Resources expended Movnt in funds Unrestrlcted funds General fund 229.975 (207.507) 22.468 TOTAL FUNDS 229,975 {207,507) 22,468 17. RELATED PARTY DISCLOSURES There wère no related party tr3nsaclions lor the year ended 31 March 2025. 18. ULTIMATE CONTROLLING PARTY The charitable company is not urmjer the control of an(*her entsty or any one individual. Page 15