Charity registration nurn￿r 1095661 Company regl$tratlon number 4566306 (England and Wal8sI LEADING THE WAY EUROPE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 LEADING THE WAY EUROPE LEGAL AND ADMINISTRATIVE INFORMATION Councll or Management C C Wnght Di R T Kendall R G Waile5 M A Youssel SY Wrighl (Appixnted on 03 November 20231 Charfty nurnbEr 1095661 Company nUm￿r 4566306 Prfnclpal addre$$ Unit 3 Buml Oak Business Pth W31dron TN21 ONL ReglBtered offlce CIO Cansdales Business Advisors Limrted Sl Mary s Court The Broadway OldAmet5ham Bucks HP7 OUT Independent examlnBr Samir Sh3h FCA, ATII Rarn￿ Lee Ltd Chart&r8d Accounlanls 93 Tabemade st￿et London EC2A 4BA Bankers 8arday5 Bank pl Leiceslei LE87 28B LEADING THE WAY EUROPE CONTENTS Page Counul Mernbeis, report Independent exarninerfs reporf SlalerrÉnl olfin3ncis1 aclivib-8S Balance sheet Notes to ihe financia slalemenls LEADING THE WAY EUROPE COUNCIL MEMBERS, REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 OCTOBER 2023 The Council of Management present their report and financial slalemenlsfor th8 yearended 31 October 2023. Th8 financial slalemenls h8ve been prepared in accordance ￿ryth Ihe accounting FN)licies set out in note 110 the financi31 statements and Cotnply with the Companies AGt 2006 and 'AcwuDling and Reporting by Charities.. Slalemenl ol Recotnmended PraCt￿e 3pplicable lo chaiilies p￿paring their 3ccoun15 In Zttordance wlh the Financial R2PQrting Standard applK3ble In the UK and Republic ol IrdaTrd IFRS 1021 lelfeclive 1 January 20191. Oblectl¥es and activities The objectives ol the ¢harilable comp3ny are Sel oul in the Memoralldum and Artides of Associalion ar8 lo adv*ce Ihe Christian f8ilh In accordance with the Sts18tll8nts ol Beliefs therein in the United Kingdom and Europe. and in such olher parts ol ihe worfd a$ the Council ol Management May Iiorn lime lo lime deern fil, and lo luKIl 5u¢h other purposes which are exclusively charitable according to the law of England and Wales and are connect8d with ihè work ol the charitable comp3ny. When planning our activities for Ihe year, the Council of Managempnl have conside￿d ihe guidance issued by Ihe Charity Commission on Public Benefil and, In particular, the specific guidance on chanlies lor the advancement of religion. Specrfically, we provide programnNng Ihal is. svailable lo Ihe public ¥*ilhoul charge.. include5 leaching on how ID live a changed. respon5ib18 and trnial life-, Ih31 is an inspiralion lo hdp olh8rs In the local thmmunily and beyond., and16aching that prormles our viewer5 and li512ner51o be a powlive Christian witness. Leading Th6 Way Europ8 beg3n 21 years ago as 3 smdl local radio minislry and has now grown into an oulreath r83chiry millions lor Chrisl as we 3dv3nce the Christian lailh. And Dur unique impacl wnlinues lo grow. Durin9 Ihe y8ar 8nded 31 October 2023, Leading The WaYca￿1ed out zclivilies in accordance ils aims 8nd objectives". Equipping 8udience$ through Biblically-b35ed television and radio programme5.' Lesding The wayp[￿rarnMe$ were broad¢a$l multiple times each week across the UK Ihrough J netsvork ol television 8nd radio ch8nnels. In addition, all of our content wa5 made available on multiple inlemel plafforms. Proclaiming the Gospel in 26 language$ through duaklanguage broadcasls and through our 5018r-wwered Nawgalor audio Broadcasling inlo the Middle Ea51 through our salellile TV channd, THE KINGDOM SAT. Educ81ing audiences through lealuies in UK Christian media regularfy Ihroughoul Ihe year, in particular around Dr Michad y￿sSefS expert views on cuwtenl wortd events. Achievement$ and p¢rfomiance Encouraging piogre55 wa5 tnade in a number ol key areas as WÈ have continued lo assernble the building-blocks for a much wider and deeper Impact. wlh a pamiculai locus on allemplin9 10 increase significantly the level ol financial in¥eslmenl lor further inlrastruclure dpvelopmenl, as well as for ministry delivery 3nd expansion. ive have sepn God's hand al work a$ He has 0￿￿ed up 8 number of wonderful vnexp8Gted -OPWrtunilie5, IDrwhKh we give grateful thanks. As w8 began the year. our Intention was lo locus on initiative3 that would generate the highe51 rale ol oiuin on investment ol lime and r8S0Ufces on ihe premise Ihal Ihe successful dg1iv8ry of this plan would piovtdè a solid plattomi on which lo build further in lerm5 of ministry outreach. Overall. the organizats-on h3d a 5UCC8551ul year in all aspects of ils ministry. With the continued fi5e in 115 profile alld vi5ibilily, ar￿ ihe continued Support Irotn our laithlul supporters, Leading The Way Europe was aile lo expand ils oulièaeh lo prodaim ihe message ol Christ in Ihe advancemenl of the Chrisiian faith. Flnanclal revlew The Incomè during the year lolalled £421,17112022." £596,22818nd 8xpendiluro during ihe lotalled £645,02812022.. 732.5611 vthich has sulled in a Defi(il for Ihe year of £223,85712022.. £136,333). The Council ol Management has established a policy whèreby Ihe unrÈ51ncled lund5 not cornmilled or inv251ed in laTrgiblè fixed assets InveslTnenls I'lhe free reserves'l held by the charitable ¢omp8ny are sulfiuenl lo meet the ongoing worf< ol the charitable company. This policy and the levds of reserves will be reviewed fiom tim8 lo tsme. The lolal level of reserves al the end of the year wa5 £23,78612022.. £247,643). Based upon the Coun(il ol Management's review, they have delermined that the level ol res8￿e5 al the year end were adequatè lorlh8 operations of the chaiilable company. LEADING THE WAY EUROPE COUNCIL MEMBERS, REPORT ICONTINUEDI{INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 OCTOBER 2023 Inv25trnenl Policy Thè CDJn¢il of Managefflenl have ihe power lo invesl th8 monies ol tho charilable ¢omp2ny not ITnmedialely required forlhe furtherance of 115 objeclives in or upon such IDveslmenls. securities or property as may be ihoughl fil. subject lo such conditions lil any) and such consents Irf anyl as mayforlhe lime being be imp058d or i£quired by law. Risk Man4ement The CDunciI ol Management have examined ihp major risks Ihe chari13ble cornpany laces and has implemented inlemal controls lo prevent and delect fraud 8nd lo lessen those risks that may cause Ihefinancia slalBment lo be maleiially mis51aled a5 a iesull ol fraud. Structure, governance and management Leading The Way Europe is a ch8rilable company limited by guarantee govemed by it8 Memorandum and Articles of Association Dated 17 October2002. The Company Reg151r3lion number is 456￿[￿ and the Charity Commission Regisirabon number is 1095661. The Council of M3n8gemenl. who are also the direclors foi pu￿058 01 COTnp3ny law, and are trustee5 forthe purry)se ol th￿ilY law. and who served dunn9 th8 fiscal year were.. R T Kendall R G Wai18S C C Wnghl MA Youssel S Y Wrighl (Appointed on 03 November 20231 The Coun￿1 ol Management, which shall be not less than three. administers the chariiy. All Iluslees are inviled lo nominate newlruslees ior lo th8 general meeting. In selecting perSo￿S lo be appointed a5 Ttuslees, the Council of Management shall lake Into account the LEnelits ol appointing a person who is able by virtue ol his or hei pers￿31 or professional qva1ific81ions lo make a conlDbulion lo Ihe puisuil ol the objects ￿ lh8 fnanag8menl ol the Charity. New liuslees may be appointed by ordinary iesolulion al a general meeling. New Iru31eeswll undeigo an orienlalion lo brief them on. their leg31 obligations under charity and company law. Ihe ¢onlenl of the Mernorandum and Articles of Assouab'on, the Charity Commission guidanc8 on public benefil, and lo inform Ihem of recent finanLi P8rfoimance ol the charity. The membèrs ol th8 ch3rilab18 company are Ihe rnembeis of the Council of Management and eath mernber guarantees lo contribute an amount not ex¢eedillg £10 to the a5se15 ollhe charitable cornpany in the evenl ol winding up. The council members are responyble for preparing IheAnnual Rewrt and the financial slalemenls in accordance with appli¢8ble law and regulalions. Comp3ny13w requires counul members lo prepare financial st8lemenls for e8eh financial year. Under Ihat law the counul members elEcted lo prepare the financial $131emenl$ in accord8nce with United Kingdom Gener￿lyAc¢epIed Ac¢ounling Practice. Under company law the council members musl nol approve Ihe financial 5t31efflenls unless they are satisfied Ihal they give a true and fair view of th8 slaté of 3ffairs of Ihe company and ol Ihe profil or loss of ihe company lorlhal period, In preparing these financi31 statemen15, the council members are iequiied lo.. select suitable accounling policies and Ihen apply Ihem consislenily-, make judgements and accounting eslimales Ihal are reasonab18 and pmdenl.. p￿pare the finanoal slalemenls on the goin9 COfiC8rn ba515 unle55 it is inappropriate Io P￿SuMe that the Companywill conlinue in business. Th& council members are ￿spOnsible lor keeping adequate accounbng record5 Ih318re Sufficient lo shDW and explain the company's transactions and disclose wrth reasonable accuracy al any lime the financial p05Etion of th8 cornpally and enable them lo ensure Ihal the finanoal 51alemenls comply ¥wlh Ihe Companies Act 2006. They are a150 responsible lor safeguarding Ihe asset3 of Ihe oimpany and nce lor laking reasonable steps forlhe pr8vention d81eclion of Iiaud 2nd other irregularities. he Council Trlem ' repo 35 rove y Ihè Board ol Council Of Management. M A Yousse Daled.. 25 July 202 LEADING THE WAY EUROPE INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL QF MANAGEMENT OF LEADING THE WAY EUROPE I ra￿ lo lTr,e Cwntil ol IAar4ageme￿I 0.1 my ol Ihe fiTrdKi61 blèlginenls ol Leathng the Way Eur*r￿ Ilhe charila￿e pan￿) forts yèarèndéd 31 Ociobei 2023. Th￿ rppDrt 1$ niade s(dety io Ihp. c￿11￿[1 of M?D3gemenl, as a iKdy. ￿ ac¢or4ance vllh sec11￿ 145 01 the Charil*$ Acl a)11. My 1ndP.peF￿enI èx3fiinal￿l7 has bccn uNJv.,lakp.n t￿1841 mighl s13lD'O ltre Couiol of PAan8g&mÈnl li￿52 matiers l am required lo slal?. io Ihem in an Indepe￿8Th1 ièwrt ior Tro olhei p￿*pose. To IhÈ lulkst e%i¢nl peYmillKgJ by law, I do 8th%pl or assume [esp(￿*bi￿'IY to anyiii'.n ulliw Iliaii the wowcil ol ￿￿898M8￿1. for my reporttrw wotk orlcrlhisiepori. As the CourKil ol lltycmenl ol lTr,e thArIlab￿ ￿{17p%￿Y also ils lorlhe wtposÈs ol company lawl yots [P5pony￿0 IN ihe PiQP3raliori DI Ilié fiiioiii.'IAI slAlÈmn15 in 3¢cordaDce wAih Ihe reqiyiemÈnls ol lh$ Ctynp8lliEsAct 21K￿ lthe 3006 Acll. H3vMg 5dlrslied tp,yseV Ihal Ihe fin8nuJl slalÈmo.ry15 01 Ihe (As*ilaok tOlTrD21'.y dlv. required lo bp audit￿ U￿er Part 16 ol Ihe ￿08 Act and ale eli9ible lor indepeTriOpr.l ex2rn1nalvM, I fcport in respeLI ol Exaninalion ol the c4oril2Ne comp3.Try's fiftarRx81 sialgTr*n15 CArr￿d Oui undv sRrlion 145 tl the ¢￿.a￿l.,1￿% Act 2)11 Ilhts 2011 Ad'i In Car,Y￿ Wl IDY 6xawinJion I I￿ve lollcwed ￿LIhe app11c3￿e cilect￿￿$ giver, by Ihe ehiliily",.r.mrnisgiun seGliM 14515llbl ol lh8 2011 Act. Independent examinees 8l&lemenl Sifice Ihe ¢P.arilablo r.Gmpiqy s iiiton)È exreeded £2rA.iX)O yo￿1 ex￿Iner musl ￿ a member ol a bcdi &sled in seclion 145 01 the 2Q11 ki. I conliFm Ilial l ￿17 Quthl￿d io underiake Ihe exdThiDalion be.ause l am 2 merriDer ol th¢ ICAEW. wh￿h is dnÈ ol lye lisled ￿les. I have cOM￿et￿ my exarnMn2liorL I ¢￿[lIM ￿al no tnalltrs hav8 GUMB lu my alien1￿ in Gonnect￿n wrth Ihe Lxamb)3110n g￿ing mo ¢aLI5e lo believe that rn any mi1p.ri31 respèct.. BEC￿11711.1￿ r8cords nol kepl In ￿pecI ol ihe Chantab￿ company as requred by sec￿￿ 386 01 Ih&a￿sAd, or th8 fiDa￿laIsIaternenI5 do not WI￿. Ihosc recoids., or Ihè lifiJnrJth SlAlemonlS do nol cofflply wilh 1118 accwnbng r8quirthnts o15eclw 396 01 the 2006 A¢t olher than any {￿Ul[P.m¢￿t Iliol Ib.Li accounls give a true ar-d laii VIÈW wkn..ch is nol a mall8f c9nsider￿ as pam ol 3p. wdependeTrl èxaminaU-on.' th8 sta1￿mÈnIS h•e nol wp.pared n ￿￿[dance with thp melho&8 and w￿vIeS ul Ili¥ s￿l￿rnE111 ( Rwmtnended Pradice IN aitombng 3nd ieporiing by th31:.Iie$ 2ppli￿LIe Io G4arili8s Flepar..￿ their accounU8'.n accoT4ar£e ith Ihe Financid Repnrtino.%.:andard appl=-catrAc in Ihe UK aiitt Republicoi IrdÈnd IFRS IIY21, I hav& no con¢8rn5 and haye come across no olhfjr m*lers ir. conDecl.'on wrth Ihe exJDin*i￿ lo which aiiethn be drdwii i Iliis reDort In order lo en3blÈ 2proper unQerslanthn9 of Ihe financial slalemènls 10 be ¥2aehed. Samir Shah FCA, ATII R31non Lee Lld Chwterèd AccoMianl$ O? TabÈrraclp. %licp.I EC1449A Daled 2) J￿Y LEADING THE WAY EUROPE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Note$ Incomè from: Volunlary Incom$ ChaniaLle activities Inveslmenls 393,583 27,190 398 565,769 30,433 26 Total income 421,171 596,228 enditure on.. Raising fund5 121,628 434,017 610.933 Total expenditure 645,028 732.561 Net expenditure forthe ytail Net movement in fund$ 1223.8571 1136,3331 Fund ba1￿C&S a11 November 2022 247,643 383,976 Fund balanc￿ at 31 OCto￿r 2023 23,786 247,643 The 51alemenl of financi￿ activities indudes all gain5 and losses fecognised in Ihe year. Al incomè and expenditure derive from conb"lluing acb"vities. All incottE and expend￿lu[e is unieslricted. The stalemenl of financial a¢bvits"es also complies wlh thè ￿qUIrementS lor an incorne and expenditure account under the CDryanies Ad The nole5 page5 610 9 ILM) part ollhese finan￿￿ slalemenls, LEADING THE WAY EUROPE BALANCE SHEET ASAT31 OCTOBER 2023 2tt23 2022 Notej Current assets Debtors Cash at bank and in hand 8.583 103,289 75,936 199.759 111.872 188,0861 275.695 128,0521 Credltors.. arnourtts falllng due vAthin one yèar 10 Nel current assets 23,786 247,843 In¢ome funds Unresliided funds 23.786 247.643 23.786 247.643 The ¢omp3ny is 8nlrf8d lo the exemption from the audit requirettb2nl ￿taIned in seclion 477 of the C(xnpanie5 Ad 20C6, forlhe year ended 31 October 2023. The directors acknowledge Iheir resPOn5ibililie5 for eD5uring Ihal the charity keeps accounting records which comply with Section 386 01 thè Act and loi preparing fin8ncial slalemen15 which give a true and fair view ol th8 51ale ol affaits DI the company as al the end of the Iinanua5 year and of its incoming resources and applicalion ol resources. irbcluding 115 incomè and expenditure, lor Ihe financial year In accordan Ynlh the requirempmls of section5 394 and 395 and which olher¥w8e comply with the ￿qUIrements of the Compani8s Ad 2006 r81ab.ng to fin8n¢i31 slatem8n15, 50 lar as applicatle lo the company. The members have not required ihe company lo obtain an audit ol ils financial 51at8Tnen15 lor the year in question in arLordance with sectio 476. Th858 fiThanth￿ statements have been prepared In 3ccord8nce with ihe provisions apFli¢able to compan￿$ subject to the smzll CoM￿nIes, regime. The I s131emenls were approved bythe Counul Of Managèment on July 2024 R G Waile5 Tru$tee oussef stee Company Reg151ration No. 4566306 LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accounting policies Charity infomatlon Leading the Way Europe is a priv31e company lirniled by guaianlee in¢orpotaled in England and Wal6s. The registered officè is CIO Can5dales Business Adviso￿ Limiled, Sl Mary's Court, The Brosdway, OldAmeisharn, Bucks, HP7 OUT 1.1 Ar¢ounllng convention Th8 financial slalemenls have been p￿Pared in accordance with the Charity's m8mor8ndum and articles of association, the CoTnp8nies Acl 2006 an(5 'Accounling and Reporting by Charib-es.. Slalemenl of R8commended Pra¢lice applicable lo charib'es preparing Iheir accoun15 in 3ccordan¢e with the Fin3ncial Reporting Slandard applicable in the UK and Republic of If2land IFRS 1021. las amended fry accounting peri￿$ commenGing from 1 January 20191. The Charity is a Putlic Benefit Enlily as defined by FRS 102. The financi81 sl8lemen15 a￿ prepared in slerting. which is the luncb'onl currency ol Ihe charilable company. Monetary armunls in these financ131 slalemenls are rounded lo the ne￿e$l £. 1.2 Going concern Al the lime of approving the financial slalemenls. the Council ol Management have a reasonable expe¢lation Ih31 th2 charilable comp2ny has adequate ￿sourceS lo Conb-nue in operationa5 exislence for Ihe foreseeable fulure. Thu5 the Council Membets, continue 10 8dopl the going concem basis of awounling In p￿parIng the financial slalemenls. 1.3 Charftable funds Unre51ricled funds are available lor use al the disc￿tIon of Ihe Council of M8nagemenl in furtheran￿ of Ihwr charit8ble objectives. R851ricied funds afe subjecl lo condition5 by donors or grantors as lo how they may be used. The purpose5 and u5B5 olthe End0¥￿￿ent funds are subject lo 3￿C￿C ￿dItIonS by donors Ihal Ihe capilal rnusl b8 m31nlained by the charitable company. 1.4 Income Income is recognised when Ihe charitable company is legdly enlilled to il after any perfomance conditions have been met, the amounts can be me3sured reliably, and il is prob3ble Ihat income will iece5ved. Cash donations ale recognised on rec81pI. Oth81 donations are re¢oJnised once Ihe chari13b12 company has been notified of the rlonalion. unless perf01m￿ce condrtions requirè deleiral of the amount. Incotne lax recoverable in rdalion lo donations re(xiv8d under GiftAid or de8ds ol coven3nl is recognised al the lime of the don3110n. Legacies are rewnised on receipl DrOthe￿ISe il ihe charitable COMp￿Y has b88n nob-frdd of an impending di51ributs-on, th8 arn￿￿1 is knovm, and receipt 15 expeGled.11 the 3mounl is nol known, the legacy 15 Irealed as a conlingenl assel, LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountln9 policies Iconllnuedl 1.5 Expenditure il Exwdilure is arLounled for on an accruals basis. Inclusive ol VAT, which cannol be tecovered. ill Where gift5 In kind a￿ made lo thè ch3ri1able COTnpany, a credit is made lo the Incon* of the charitable wmpany at a valuation made by the Council of Managefflenl. If the chaiilable company 1$ provid8d with facilities al no charge or reduced c051, the full market cosl 15 included in expenditure with COTtesponding recognition DI income. il Expenditure is alk)Cal￿ lo Ihe particular a¢livily ￿there the c051s rdale directly lo Ihal activity.1￿ere costs cannot be direct all￿￿1ed lo par￿GUlar headings ihey have been allocated on a basis consislenl vlllh the use of resources. iv) AmDunls ielaling lo man8gemenl and adminislralion cosls have been 8PPOrtioned lo the cost c9ntr8s 01 charita￿e aclivilies and govemance costs in accordancè with Ihe ￿qUIreMentS of Ihe SORP. ¥) Govemance costs comprise all ¢x)515 relaling lo the public accoun12bilty ollhè charitable company and 11$ cornpliano with regulab-on and good piaclice.The5e costs include costs rdaling lo Ihe Indepgffjdenl examiners ￿￿rt. 1.6 Cg$h and cash equlvalent5 C8sh 8nd cash èquivalenls include cash in h￿d, dep05iLs held 81 call with banks, 0th8r 5hort-lem liquid investments with origin malurilie5 olthièe monihs or less. and b3nk overdraft5. Bank overdrafts are Shown wilhin ￿)rro￿An95 in cunEnl liabilities. 1.7 Tax Statu$ Th8 charitable Company is a registered charity wlhin ihe d8finilions of section 50SI11 Income and Corporation Taxes Acl 1988 and is therefore aLle ID lake advanlage of Ihe exemptions given by Section 505 of IheAcl. 1.8 Fund$ a¢c¢untlng Funds h81d by the charitable company are.. Unrestricled general funds- these ar8 funds which Can k used in acc￿danCe wlh the chari￿le objectives at the discretion of the council ol manag￿nent. Restricted Funds- these are funds which can only be used lor particular purposes wlhin the objectives of the ch8rilable company. R8sliictions 8nse when specified by the donororwhen funds arè raised lor particular reslri¢led purposes. The naiur8 2nd purpD58 01 each fund is explained further in the note510 the slalerr*nls. Voluntary Incorne Vnrestricted Unrestrided funds funds 2023 2022 Donations and gits 393,583 565,769 LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Charttable activtheg 2023 2022 Grft aid income 27.19) 30,433 Inve$tments Unrestrfcted Unre$trfcled funds lunds 2023 2022 Inte￿$1 reCeiva￿e 398 Raising lunds Vnrestrfrted funds 2023 Unr85trfcted lund¥ 2022 Fundraising and publicity Oiher lundraising cosls Support costs 9,817 201.194 11,412 110,216 211,011 121,628 Charitable a¢t1¥￿e8 Programme Alrtlme, Educatfjon and Speaklng Adrnlnlstrauon television & Publications Event & Support cgst¥ radio Total 2022 2023 Charitable expendilu vem nce Cost.. Independent Examinalion Fee Oiher services Sundry Expenses 71,540 261.543 86.622 8,831 428.536 605.845 3,281 2.187 13 3,281 2,187 3,045 2.030 13 77,021 261.543 86,622 8,831 434,017 610,933 Council Of Management Members ol the Council of Management are nol remuneraled and th8re wwè no expensè dam$lor Council ol Management membe 12022. Nil) There were no dDnalions m8de ID the charit8b1e cornpanylrom the council of managemenl13)22'. Nill. LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Employoe$ There were no employees during the year12022-. Nlll. Debtors 2023 2022 Amounts lalllng due within one year Trade deblors Other deblD 70,187 5,749 8,583 8.583 75,936 1Q Credllors.. arnounts I￿lIng due ￿thIn one year 2023 2022 Trade credrtors Acctuals and deferr￿ income 82,698 5,388 23,152 88.086 28.052 Rdated party tran8a¢tlons The￿ were no disclosaNe related party Iran53Ctions dunng the year la)22'. none).