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← Inspire Counselling And Training Limited

2024-08-31-accounts

Charity registration number 1068491 (England and Wales) Company registration number 03510939

INSPIRE COUNSELLING AND TRAINING LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

INSPIRE COUNSELLING AND TRAINING LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N J Weaver
Mr A C MacFarlane
Mrs A J Buchanan
Rev A W Forsdike
Mr A Adetukasi
Mrs C Barratt
Secretary Mrs C Barratt
Charity number (England and Wales) 1068491
Company number 03510939
Registered office The Fletcher Centre
2 Crescent Road
Ipswich
UK
IP1 2EX
Independent examiner Affinia (Ipswich)
80 Compair Crescent
Ipswich
Suffolk
UK
IP2 0EH

INSPIRE COUNSELLING AND TRAINING LIMITED

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Statement of financial position 6
Notes to the financial statements 7 - 15

INSPIRE COUNSELLING AND TRAINING LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019)

Objectives and activities

Inspire was established in 1993 with a commitment to offering a caring and confidential counselling service to individuals and couples aged 18 years and over. We pride ourselves on being a Christian-led organization, providing counselling services regardless of gender, race, ethnicity, sexual orientation, ability, or faith. Our team comprises professionally trained and supervised counsellors together with student counsellors who employ a variety of counselling approaches to meet the diverse needs of our clients.

Our vision at Inspire is to enable change and growth through counselling and training. Our mission is simple. We believe that counselling should be accessible to all, irrespective of their ability to pay. Our mission is to create a safe, accepting, and professional environment where individuals can change and grow within the context of a therapeutic relationship.

We believe that counselling should be available to all those who need it, regardless of their ability to pay. We aim to empower individuals, by enabling change and growth through accessible counselling and training. Our core values are:

Strategic aims and objectives:

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

INSPIRE COUNSELLING AND TRAINING LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Achievements and performance

Significant activities and achievements against objectives

During the reporting period, Inspire has made significant strides towards fulfilling its mission and objectives. Our counselling service has continued to expand, reaching a growing number of individuals and couples seeking support. We are proud to have provided a caring and confidential space for personal growth and positive change in the lives of our clients.

We continue progress in our commitment to professional and pastoral supervision, ensuring the highest standards of care and support. Our efforts in this area have been recognized and appreciated by our clients and the community at large.

Furthermore, we successfully expanded our offerings of non-professional courses to cater to a wide range of subjects and promote personal development in our community. These courses have been well-received and have contributed significantly to our mission of enabling change and growth.

As we look back on our jubilee year, we are grateful for the dedication and hard work of our employees, volunteers, counsellors, and supporters. Their commitment and contributions have been instrumental in the success of Inspire. We also extend our appreciation to our clients, who continue to place their trust in us to accompany them on their journey of growth, change and healing.

Despite the challenges faced this year, we remain steadfast in our commitment to our mission and vision, and we look forward to continuing our work in the coming year. We are excited about the future and are confident that with the support of our community, we will be able to face the challenges that come our way.

Financial review

Despite facing a moderate financial loss this year, we have maintained a prudent financial approach to ensure the sustainability of our operations.

We have successfully secured grants from The Belstead Ganzoni Charitable Settlement and the ASDA Foundation. Additionally, we have secured grants from the Suffolk Community Foundation through the Maurken Fund, Birketts Fund, Davies Family Fund, Port Community Fund and Suffolk Giving Fund. We are very grateful and thankful for these grants which have been used to financially support those who cannot afford counselling. The only exception is the grant from the ASDA Foundation which was used to provide one on-line trauma training course for all our counsellors. This comprised of 6 hours of valuable training as we continue to work with clients in our local and wider community.

The Board of Trustees is making carefully considered decisions about how to best ensure the future of the organisation while balancing the needs of the clients with the financial strains placed on all of us at this time. We remain committed to maintaining effective financial management practices and upholding our fiduciary responsibilities.

INSPIRE COUNSELLING AND TRAINING LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Trustees meet formally every two to three months to consider the running of the charity, finance, counselling and training matters and future operations. In addition, the Trustees meet informally and are in regular communication to exchange opinions and discuss charity activities. Despite the challenges faced this year, we remain steadfast in our commitment to our mission and vision, and we look forward to continuing our work in the coming year.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr G Parnell (Resigned 12 January 2024) Mr N J Weaver Mr A C MacFarlane Mrs A J Buchanan Rev A W Forsdike Mr A Adetukasi Mrs D Adetukasi (Resigned 3 June 2024) Mrs C Barratt

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees report was approved by the Board of Trustees.

Mr A C MacFarlane Trustee

20 May 2025

INSPIRE COUNSELLING AND TRAINING LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF INSPIRE COUNSELLING AND TRAINING LIMITED

I report to the Trustees on my examination of the financial statements of Inspire Counselling and Training Limited (the charity) for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

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 that in any material respect:

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 financial statements to be reached.

Daniel Farrow (ACA) Affinia (Ipswich)

80 Compair Crescent Ipswich Suffolk IP2 0EH UK

Dated: .........................19/06/25

INSPIRE COUNSELLING AND TRAINING LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
15,206
13,830
Charitable activities
4
40,189
-
Investments
5
834
-
Total income
56,229
13,830
Expenditure on:
Charitable activities
6
63,718
7,280
Net (expenditure)/income for
the year/
Net movement in funds
(7,489)
6,550
Fund balances at 1
September 2023
39,873
-
Fund balances at 31
August 2024
32,384
6,550		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
29,036
23,593
2,000
40,189
31,173
-
834
302
-
70,059
55,068
2,000
70,998
60,148
2,000
(939)
(5,080)
-
39,873
44,953
-
38,934
39,873
-		 Total
2023
£
25,593
31,173
302
57,068
62,148
(5,080)
44,953
39,873

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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

INSPIRE COUNSELLING AND TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 12 477 715
Tangible assets 13 1,718 1,384
2,195 2,099
Current assets
Debtors 14 3,978 4,210
Cash at bank and in hand 50,755 53,500
54,733 57,710
Creditors: amounts falling due within 15
one year (17,994) (19,936)
Net current assets 36,739 37,774
Total assets less current liabilities 38,934 39,873
The funds of the charity
Restricted income funds 17 6,550 -
Unrestricted funds 18 32,384 39,873
38,934 39,873

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

28 May 2025 The financial statements were approved by the Trustees on .........................

.............................. PU Mr A C MacFarlane Trustee

Company registration number 03510939 (England and Wales)

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Inspire Counselling and Training Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Fletcher Centre, 2 Crescent Road, Ipswich, IP1 2EX, UK.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity 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 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 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 is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website Costs

6 Year Straight Line

1.7 Tangible fixed assets

Tangible fixed assets over £50 are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers & Furniture 20 % Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Once the carrying value of the asset goes below £50, the asset is then fully depreciated in the following year.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
13,566
-
Other Grants
1,640
13,830
15,206
13,830
Income from charitable activities
Charitable activities
Sales within charitable activities		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
13,566
23,593
-
23,593
15,470
-
2,000
2,000
29,036
23,593
2,000
25,593
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
40,189
31,173		 Total
2023
£
23,593
2,000
25,593

4 Income from charitable activities

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 834 302

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

6 Charitable activities

Staff costs
Depreciation
Training Costs
Counselling costs
Computer costs
Insurance
Marketing and Hospitality
Office supplies
Printing and reproduction
Refreshments
Professional fees
Rent
Repairs
Sundry Expenses
Share of support costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Independent Exam Fee
1,236
-
Payroll costs
488
-
1,724
-
Analysed between
Charitable activities
1,724
-		 2024
£
40,851
812
2,260
12,997
1,128
1,382
234
904
331
393
132
5,714
18
2,118
69,274
1,724
70,998
63,718
7,280
70,998
2024
£
1,236
488
1,724
1,724		 2023
£
40,538
634
390
6,400
834
1,210
290
1,803
262
581
320
5,426
-
1,601
60,289
1,859
62,148
60,148
2,000
62,148
2023
£
1,020
839
1,859
1,859

7 Support costs

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

8 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,236 1,020
Depreciation of owned tangible fixed assets 574 396
Amortisation of intangible assets 238 238

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
3 3
Employment costs 2024 2023
£ £
Wages and salaries 39,723 39,293
Other pension costs 1,128 1,245
40,851 40,538

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

12
Intangible fixed assets
Cost
At 1 September 2023 and 31 August 2024
Amortisation and impairment
At 1 September 2023
Amortisation charged for the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023
13
Tangible fixed assets
Cost
At 1 September 2023
Additions
At 31 August 2024
Depreciation and impairment
At 1 September 2023
Depreciation charged in the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023
14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Website Costs
£
1,430
715
238
953
477
715
Computers &
Furniture
£
6,997
907
7,904
5,612
574
6,186
1,718
1,384
2024
2023
£
£
960
539
2,003
2,639
1,015
1,032
3,978
4,210		 Website Costs
£
1,430
715
238
953
477
715
Computers &
Furniture
£
6,997
907
7,904
5,612
574
6,186
1,718
1,384
2024
2023
£
£
960
539
2,003
2,639
1,015
1,032
3,978
4,210
7,904
5,612
574
6,186
1,718
1,384
2023
£
539
2,639
1,032
4,210

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

15 Creditors: amounts falling due within one year

15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
334
16,316
1,344
17,994
2024
£
1,128		 2023
£
-
18,795
1,141
19,936
2023
£
1,245

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
ASDA Foundation - 640 (640) -
General Restricted Grants - 3,690 (1,140) 2,550
Belstead Ganzoni Charitable Settlement - 2,000 - 2,000
SFC (Davies Family Fund) - 500 (500) -
SFC (Maurken Fund) - 1,000 (1,000) -
SFC (Port Community Grant Making
Programme) - 2,000 (2,000) -
SFC (Suffolk Giving Grant Making Programme) - 2,000 - 2,000
SFC (Birketts) - 2,000 (2,000) -
- 13,830 (7,280) 6,550
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
Suffolk Community Foundation - 2,000 (2,000) -

INSPIRE COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
General funds 39,873 56,229 (63,718) 32,384
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
General funds 44,953 55,068 (60,148) 39,873
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 August 2024:
Intangible fixed assets 477 - 477
Tangible assets 1,718 - 1,718
Current assets/(liabilities) 30,189 6,550 36,739
32,384 6,550 38,934
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 August 2023:
Intangible fixed assets 715 - 715
Tangible assets 1,384 - 1,384
Current assets/(liabilities) 37,774 - 37,774
39,873 - 39,873

19 Analysis of net assets between funds

20 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).