2023-03-31-accounts

Registered number: 03364165 Charity number: 1063842

Action for Borstal Community Project (A company limited by guarantee)

Unaudited

Trustees' report and financial statements for the year ended 31 March 2023

Action for Borstal Community Project

(A company limited by guarantee)

Contents

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 16

Action for Borstal Community Project

(A company limited by guarantee)

Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 March 2023

Trustees	S A Tranter, Chair
	A G Kew
	C McCann (resigned 15 March 2023)
	E M McVeigh
	Lisa Beckett (appointed 20 December 2022)
	Leanne Beckett (appointed 20 December 2022)
Company registered number 03364165 Charity registered number 1063842 Registered office 13 & 14 Mercury Close Borstal Rochester Kent ME1 3AT Accountants Kreston Reeves LLP Chartered Accountants Montague Place, Quayside Chatham Maritime, Chatham Kent, ME4 4QU Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner Susan Robinson BA FCA FCIE DChA Kreston Reeves LLP Chartered Accountants Montague Place, Quayside Chatham Maritime, Chatham Kent, ME4 4QU

Page 1

Action for Borstal Community Project

(A company limited by guarantee)

Trustees' report for the year ended 31 March 2023

The Trustees present their annual report together with the financial statements of the Charity for the year from 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The objects of the Charity are the advancement of education, the preservation and protection of health, the relief of poverty, sickness and distress and the provision of support for the benefit of local children, parents and other residents of Borstal and Rochester, Kent.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)' when reviewing the Charity's aims and objectives and in planning future activities for the year.

b. Volunteers

The trustees volunteered according to their skills and time, helping with providing advice and some practical help on site, such as fitting/installing items and minor repairs.

Achievements and performance

a. Results for the year

The Charity has received income during the financial year of £108,774 (2022: £113,758), whilst incurring expenditure totalling to £115,730 (2022: £114,179). This led to total reserves decreasing from £23,699 to £16,743. Of this £12,311 (2022: £23,405) is the Charity's unrestricted reserves, with £4,432 (2022: £294) being held as restricted funds at the Balance sheet date.

b. Review of activities

Various small events outside of normal working hours were arranged to improve engagement with parents and children.

The core income and expenditure is fairly reliable and predictable, so holding high reserves should not be necessary. However, the Trustees believe a comfortable level at the current time would be £40,000 – something the Charity is not quite achieving. It has been extremely difficult to increase income during the past year, but as 2023/24 progresses they hope to begin increasing the level of reserves up to £40,000, before embarking on any significant new additional expenditure. The Trustees continue to explore potential new sources of funding to improve reserves and help future developments.

The Trustees, staff and children are also very grateful to MHS homes for their ongoing maintenance of the building and external facilities.

Page 2

Action for Borstal Community Project

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2023

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Trustees have considered the level of reserves they need to hold to enable them to meet their charitable objectives. The Trustees are continually reviewing the services provided and the funding they are receiving.

The core income and expenditure is fairly reliable and predictable, so holding high reserves should not be necessary. However, the Trustees believe a comfortable level at the current time would be £40,000 – something the Charity is not quite achieving. It has been extremely difficult to increase income during the past year, but as 2022 progresses they hope to begin increasing the level of reserves up to £40,000, before embarking on any significant new additional expenditure. The Trustees continue to explore potential new sources of funding to improve reserves and help future developments.

Structure, governance and management

a. Constitution

Action for Borstal Community Project is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 1 May 1997.

The Charity is constituted under a Memorandum of Association and is a registered charity, number 1063842.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co opted under the terms of the Articles of Association.

c. Enquiries

Any enquiries concerning the Charity should be addressed to the principal office at 13 & 14 Mercury Close, Borstal, Rochester, Kent, ME1 3AT.

d. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

The Trustees hope to secure further funding and build reserves to ensure the vital work of the project continues. This includes new grants and section 106 contributions from local developments.

Page 3

A¢tlon for Borstal Communlty Project IA Company limit•d by guarantee) Trustees. report lcontlnued) for the year ended 31 March 2023 Inforniatlon on fundralslng practic•s The Charity has not undertaken any signrficanl fvndraisiThJ acts'Mtie5 duflng the financial year h¢w￿ver. the Pr school held a few small events to help finance materials the children. Statemont of Trust••$' r•sponslbllltlei Thg Trustee8 l%tho are a180 the Directors of thé Charity for the purpcsos of eompany Lgw) are responsible lor preparing the Trustees, report and the financial statements in accordance wth applicable law 8nd United Kingdom Accountsng Standards (Unitsd ￿.ngdcrf￿ Generally Accepted Accounting Practscel. Company law requires the Trustees lo prepare finanual stslemenls for each financial year. Under cornpany law, the Trustees must nol approve the financial slalements unless they are satisfied that Ih8y give a true and fair ew ol the stale ol affairs ol the Charity and of its Trncome and application of resourcos, including its income and expendilure. for Ih8t ￿￿0￿. In preparing these financial statements, the Truslees are required to: select suilable accounting F4)licies and then apply them con5islenUy. observe the methods and prin￿￿eS of the Charllies SORP IFRS 1021,. make judgements and accounting esbmates Ihat are reasonable and pnJdenl; stale whother appIl￿ble UK Accounb"ng Standards IFRS 1021 have boen folbwed, subjoct lo any matgrial departures disdosed and explained in the financial statements; prepare the financlal ststemenls ￿ the wrwJ conwn basis unless il Is Inapproprlate to presume Ihal Ihe Charity will continue in IKssin868. The Trustees are responsible lor kgwng adequate actr￿ntir￿j recryds that are suffiaenl lo show and explain the Charitys transactions and disclose th reasonable a¢cuTacy at any Dme the financial position of Ihe Charity and enable them lo ensure thal the financial slatements c(Mnpty wth the Companies Acl 2006. They are also Tesponsible lor safeguarding the assets of the Charhty and h￿¢8 fly laking reasonable 51eps for Ihe Prevention and deleclwi of fr8ud and olher irregulanb'es. Approved by order of the m8mb8rs of the 8oard of Trustees and signed on their behaff by. S A Tranter Trustee Dale.. Page 4

Action for Borstal Community Project

(A company limited by guarantee)

Independent examiner's report

for the year ended 31 March 2023

Independent examiner's report to the Trustees of Action for Borstal Community Project ('the Charity')

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the Charity (and its Directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Susan Robinson

Dated: 18 December 2023 BA FCA FCIE DChA

Kreston Reeves LLP

Chartered Accountants Chatham Maritime Montague Place, Quayside Chatham Maritime, Chatham Kent, ME4 4QU

Page 5

Action for Borstal Community Project

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2023

Note Income from: Donations and legacies 4 Charitable activities 5 Investments 6 Total income Expenditure on: Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward as restated Net movement in funds Total funds carried forward	Restricted funds 2023 £ 4,338 - - 4,338 200 200 4,138 294 4,138 4,432	Unrestricted funds 2023 £ 102,682 1,720 34 104,436 115,530 115,530 (11,094) 23,405 (11,094) 12,311	Total funds 2023 £ 107,020 1,720 34 108,774 115,730 115,730 (6,956) 23,699 (6,956) 16,743	Total funds 2022 £ 107,487 6,271 - 113,758 114,179 114,179 (421) 24,120 (421) 23,699

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

Page 6

Actlon for Borstal Cornmunlty Prolect IA company limited by guarantee) Reg15tered number: 03364165 Balance sh••t 85 at 31 March 2023 2023 2022 Not• Flx8d ass¥t¥ Tangible asse15 Currtnt assets 10 1,142 1,242 Debiors Cash at bank and In hand 1,043 26,942 17,132 17,161 27,985 Creditors". amounts falling due wllhin one year 12 (1,560) 15,5281 Ngt current a$￿tI IS,801 22,457 Total n•t ••s•ts 16.743 23,699 Charlty tund• Reslricled funds Unrestricted funds 13 13 4,432 12,311 23,405 Total funds 16,743 23,699 The Charity was entitled to exempuon audit under section 477 of the Companies Act 2006. The members have not required the company to oblain an audit for the ￿81 in queSt￿n in 8ccrydance ￿th section 476 of Companies Ad 20L￿. The Trustees acknovledge their reswnsibililies for compl￿"n9 wlh the requirements of the Act wilh respect to accounb.ng reccrfds and pieparati¢￿ ol financial statements. The financial slatements have bèen wepar0d in acc￿dance Ihe prov15iCrf¢S OPFAicable to entities subject lo the small companies regime. The finan¢lal stslements were approved and authorised fcff issue by the Truste68 and signgd ￿ their behaff by.. S A Tranter Trustee Date-. The notes on pages 8 to 16 fomi part of these finanual statements. Page 7

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

1. General information

Action for Borstal is a company limited by guarantee and is incorporated in England & Wales with the registration number 03364165. The address of the registered office is 13 & 14 Mercury Close, Borstal, Rochester, Kent, ME1 3AT.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Action for Borstal Community Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the Charity and rounded to the nearest £.

2.2 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 8

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Office equipment

• 20% straight line

2.8 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 9

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity does not currently have any significant accounting estimates or areas of judgement.

Page 10

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

4. Income from donations and legacies

Donations Government grants Total 2022	Restricted funds 2023 £ 4,338 - 4,338 4,587	Unrestricted funds 2023 £ 25,651 77,031 102,682 102,900	Total funds 2023 £ 29,989 77,031 107,020 107,487	Total funds 2022 £ 26,342 81,145 107,487

5. Income from charitable activities

Fees receivable Total 2022	Unrestricted funds 2023 £ 1,720 6,271	Total funds 2023 £ 1,720 6,271	Total funds 2022 £ 6,271

6. Investment income

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Bank interest receivable	34	34	-

Page 11

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

7. Analysis of expenditure by activities

Charitable activities Total 2022 as restated	Direct costs 2023 £ 100,897 110,535	Support costs 2023 £ 14,833 3,644	Total funds 2023 £ 115,730 114,179	Total funds 2022 £ 114,179

Analysis of direct costs

Staff costs Depreciation Rent and rates Heat and light Telephone and internet Insurances Bank charges Sundry expenses Equipment Decorating costs	Total funds 2023 £ 71,659 420 20,733 2,218 782 672 72 3,885 256 200 100,897	As restated Total funds 2022 £ 76,254 356 20,710 1,439 1,089 661 96 3,859 989 5,082 110,535

Page 12

Action for Borstal Community Project (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

7. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

The decorating costs of £200 (2022: £5,082) relate to restricted expenditure in the year. All remaining direct costs expenditure in 2023 are from unrestricted funds.

Analysis of support costs

Independent examiner's fees Payroll fees Consultancy fees Professional support costs	Total funds 2023 £ 1,560 660 9,260 3,353 14,833	As restated Total funds 2022 £ 1,002 216 - 2,426 3,644

All of the support costs, in both 2022 and 2023, were from unrestricted funds.

8. Staff costs

Wages and salaries Social security costs Pension costs	2023 £ 71,512 - 147 71,659	2022 £ 75,286 655 313
		76,254

The average number of persons employed by the Charity during the year was as follows:

2023	2022
No.	No.
8	10

No employee received remuneration amounting to more than £60,000 in either year.

Total remuneration and benefits received by key management personnel, including employer's national insurance contributions, amounted to £14,610 (2022: £8,142), of this £9,260 was paid to Faith Rivers, in her role as a consultant. This is set out in note 7 to the financial statements.

Page 13

Action for Borstal Community Project (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

	During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).	During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).	During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).	During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).
10.	Tangible fixed assets
				Office
				equipment
				£
	Cost or valuation
	At 1 April 2022			14,261
	Additions			320
	At 31 March 2023			14,581
	Depreciation
	At 1 April 2022			13,019
	Charge for the year			420
	At 31 March 2023			13,439
	Net book value
	At 31 March 2023			1,142
	At 31 March 2022			1,242
11.	Debtors
		2023		2022
		£		£
	Due within one year
	Other debtors	29		543
	Prepayments and accrued income	-		500
		29		1,043
12.	Creditors: Amounts falling due within one year
		2023		2022
		£		£
	Accruals and deferred income	1,560		5,528

Page 14

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

13. Statement of funds

Statement of funds - current year

Unrestricted funds General funds Restricted funds Pre-school decorating fund Total of funds	Balance at 1 April 2022 £ 23,405 294 23,699	Income £ 104,436 4,338 108,774	Expenditure £ (115,530) (200) (115,730)	Balance at 31 March 2023 £ 12,311
				4,432
				16,743

Restricted funds

Pre-school decorating fund - this funding was received from the Co-op to enable the Charity to undertake redecoration and renovation works at the Pre-school.

Statement of funds - prior year

Unrestricted funds General funds Restricted funds Pre-school decorating fund Total of funds	Balance at 1 April 2021 £ 24,120 - 24,120	Income £ 109,171 4,587 113,758	Expenditure £ (109,097) (5,082) (114,179)	Transfers in/out £ (789) 789 -	Balance at 31 March 2022 £ 23,405
					294
					23,699

Page 15

Action for Borstal Community Project

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2023

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2023 £ - 4,432 - 4,432	Unrestricted funds 2023 £ 1,142 12,729 (1,560) 12,311	Total funds 2023 £ 1,142 17,161 (1,560) 16,743

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2022 £ - 4,723 (4,429) 294	Unrestricted funds 2022 £ 1,242 23,262 (1,099) 23,405	Total funds 2022 £ 1,242 27,985 (5,528) 23,699

15. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £147 (2022 - £313). There are no amounts outstanding at the Balance sheet date (2022 - £Nil).

16. Members' liability

Each member of the Charity undertakes to contribute to the assets of the Charity in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

17. Related party transactions

The Charity has not entered into any related party transactions during the financial year (2022: £Nil) and there are no amounts outstanding with any related parties at the Balance sheet date (2022: £Nil).

Page 16