Company registration Dumbcr. 04358352 cI￿lty tewatsoDnuTllber. 1098537 Adventure Hyndburn Ltd ADnual Ryrt oul FlnaTrci￿ StstemeDts for th¢ Y￿FA￿a 31 Mat¢tL 2024 Ist Floor. Blockc The Wbarf Burnley BBI L IJG Adventure Hyndburn Ltd Contents 2to5 IndependentExaTDin&s Report St#t¢rnent of Filla￿]￿l Activities Balan¢¢ Sheet State￿￿￿t of Cth F10Tr3 Notes to the Fillsttcial Staten IOto18 Adventure Hyndburn Ltd Reference and Adminlstratlve Detslls Trustees Mts S Akbtar MrRHo Principal Office The PadCc￿1d & Fam]ly C¢ntr¢ Norfolk Grove BB5 4RY Company Regtstrattow NuJDber 04358352 Charlty RegistrMtionNumber 1098537 PRI 8BH Independent EX￿er Ist Floor. Blockc MancbesterRo ButJJley BBI I IJG Adventure Hyndburn Ltd Tntstees, Report f]Dancial stat¢ments of the clJaTitable cornpany for the ye8r exthd 31 March 2024. Thtstees Fkns S Akht8r MIE M Askew (resigwd 20November 2023) Mr G Hallison (rEsRgned 3 Aptil 2023) Mr RHoop MrRN¢edlwTn (appoitited 16 Febrn8ry2024) Mrs K Pratt Obje£tive8 and activit Th¢ Chrity's objects fthe Obje￿) art for the benefit of tbe public iti the bomgb of Hyndbum and the a) to work with ¢bildr¢u alld fanuli¢s to PTQmOte the physicaL ell￿tiOnaL intellects￿1 and SLKial develop[[￿t of ebildten yO￿g people. eswia]ty t1￿¢ th are disadv3otaged to ¢tLSure they have the ability and collfidencc to succeed at atyl iwot b) to relieve un¢rnployrneDt iti sueh w8ys as njay be thought fi¢ i￿luding pmviding ￿]stall￿ to peopl¢ to find plo￿l¢llL Organisational background The e]Mrity was founded ID 2002 as a T¢SPOD5e to the Sure Start ittitiati￿ In Septernber 2016. L4llcaslJire County Counetl deconm)issIot￿d 011 tb¢ cbaTiti¢s and schoo]s that had be¢n d¢livuing Children's Centres on their b¢ha]f. AchAevemeDts . The organi5ation has iDmed rentsl revenue by D￿re than £13k tllls ye8r byp1￿MotiDg mote opporttith¢5 ID schemes at all Sit￿ over the coming 12 months and we bkve been weee&4￿ in beitig selected as on¢ of only 9 organisAtions joining The Hyndbwn Way initia¢iv¢ that launclw later thi5 year a5 part of tbe level]illg up . Renegotiation of fb¢ l¢as¢ with the Lanc&thI￿ County Council ha5 ￿SuIted in an increase octheir nh)nthly lent Adventure Hyndburn Ltd Trustees, Report Team and Tr￿￿te£ Cb8ngu 21)2Y2024 All conun￿ity and tLursery staff r¢main Jat8ety uncbanged tkning this financial year and as of Mar¢h 2024. Adycnture Hyndburn employed a total of 30 This. togcthcr with the hard and dedicatton of the Richard HOOperreti￿1nS th¢ Chairand Kathleul is bi4 Secon4 #s voted in the 2023 A Bulldin The Park Child & Farnily Centr4 Norfolk Gmve, Chuwi A¢cringW BB5 4RY . L4ncashirt County Council Child & FainiIy WellbeiDg Service and th￿¢ NHS mtdwif¢ teams a150 op¢rate out of this building Th* Beeches aiild & Family Cetttr< liimiDgtoll Ave4ll￿. F¢rngor¢. Ac• BB5 ONP . a charity for The Oaks CblId and Family Cetstr< St P¢t¢r's Chut¢ty Rich[[￿ Str* kniD8to4 BB5 OSJ- Nelsorl Itsd Coille College also off¢r FSOL classes ￿t of this building. Ftrst Steps Chlld & Farrity Prin￿ Stte¢L Aee• BB5 ISP. Forest School at the P•TK Norfo￿GrOv4 Churcfy BBS 4RY. Fort5t Sebool at Rothwell Helght8 Willows Flyngo￿ Acoitigm BB5 ONIL P￿b]le benelt guidat)ce on public benefit when settitig the aiDB and obie¢tive8 snd in pknDitig activities and 8etbng poliey forthe yer. A yearAn revleTV 2023r24 UFwmin8 ehaDges to ffiJndit)g for the ¢l￿d￿¢ sector at national level may Impact this mor¢ in the ViDg year. but all¢)c&tion at each site reti]a1￿ consistent and at a 8wI l¢v¢L New fim¢thDg for 2 years olds from April 2024 and children over 9 mollths Sept¢mbw2024 be tDtroduc We were also sucwsfill in receiving all ath1itional £7k of How5¢hold SUp￿rt Funditig whicb ettabled ￿ to source* provide and disthbute food pat¢e]s and voucbets to lo￿1 fomilies in need in Hyndburn, expanding our rea¢b Ill the Iwal ¢a)nu￿ty. Pag¢ 3 Adventure Hyndburn Ltd Trnstees, Report In Sffjtelnbtt 2023 we officially18w￿ 88 Aeetmgkn's onty Fanllly This was a huge boost us a privilege to be chose A wa]k.in support s¢rvic¢ for local familics continues to be off¢red at the Pa& Cthild & FaTntiy Ccntrc for the Speech and Lallguago Health W151tors aDd Family TeaJn& It is now in its sKond year ¥ryJ is proving very suceessfvl. The btgg&8t challenge this fiDaD¢ial year and fonyard collt1m￿ to b¢ in￿¥ased ¢05ts for staffing ar utslitie& Wage costs iucreased by over £18k and utijitscs by over£29L The Board is respon&lJle for the strat¢gi¢ devel¢)pment of AdV¢Utt￿e Hyndburn and striv&5 to r¢pres¢llt the views aDdneeds ofthe eomTllullity. The ttuste¢s baYep￿er ID appointlel#t llew ts]￿te¢s. It is worth nottDg that in order to be the tr￿¢¢[¢d pusonwith oft￿ Jow Benybas to register as a director with CompaDies House but with no volitig AUtI￿lty. The Articl&s have bEeTh EevAsed alld updateAI for current practice alld to allow for the Ofsted regu]ation. All D]r¢¢t￿5 are rthv re8isttr&J with Ofsbl ha￿ up to date DBS ¢¢rtificaM EY2 fonus and are re￿eredWJth the update servic S8fegllarding Adventt￿¢ Hylldburn bas a Safe8uarthDg and Cbild Pmtxtion policy and ali team Board Tn￿tee$. parther￿ volunteer4 and allyotse in contart with childrn are subject to cbecks with th¢ Disc105UTe and Barting Ser¥ice (DBS). All staff 2nd vohmte¢rs a]$0 undertake Ixvel I Safegua* ttailling aud bave a Safeguar(ting tndu¢tion with a Nominatd Safeguarditig Officer to that they 8re supwted in tneeting the requirements of ther rol¢. Team membe[5 have TeguIar updar¢s to th¢ir tr￿￿3￿8 in 15ne vrith re¢oJDmended requxremellts of eitlLer every two or th[¢¢yea￿. Princip￿ Risks and Uneertalnttes Adventure Hyndbutn h&4 a&S￿ed the major risks to whicb it rnight bE expD5ed iti Partia￿ar those related to the operations and finance of Adventure HYttdbW￿ and TnL%tee5 are satisfied that systems are in place to mitigat¢ tb¢ expN)sur¢ to tuajor risk Setviees Failure to ¢)perale the nursery wvision 5￿ta]￿lY • lieputatioll21 and fittanciat riskof apoorOfstediud8metit or &swcessM p￿D￿L injuryclaim Inan¢i31 revie £806220 to £930,IE6. with a cortespolldÉllg incre&4e in expenditw< pardy to tb¢ reasons outlined above. The surplus ftir the year wJ5 £6203 wbich iticludes depreciation of £60,939. Adjusting for tbis cost results ia a S￿hIS of £67.142 {2023- £59.418). This Sho￿ a contiDUiDg improvem¢nt in the charity of it manw its Cost and the Iising occupancy that the nwsery ba8 seeT4 8lollg with the jncttasj￿ ID fvnding revived frorn tbe Lancasbire Coullty CouJKil. With tbis inmin4 the tntstr¢s will ¢ontinu¢ to apply sttate8i&S to kcep the charxty operating atthis i¢veL whith yowth and shows results that are positsvE. R*étY Gèrter￿£643,7y6 FiYeda5sets inGDTopW £1.827.622 The trllstees contijme to review thcjevel tsfT¢s￿ [ex¢lu(Sn8 fllted &f5&s) of the ch8nty. ThgJ]Jn ys to have three . sixinontbs of the orgaDisatioD'S nwlliJJ8 ￿ wlticffj basdvn the 2024 aCcO￿ts is b¢rw¢en £200k. fAI)Ok At the year end fb i¥ hits, but the *nJstges •re miDthI of the ckndien8in8 fjnmcial Lmsh in the bank PéD$iottDèfieit ]w¢ to make ye4rty payments.to meet the d¢fiGit thaf h&s ￿]Sell oyeE recait ye&rs. De Chanty b&5 ye.ed aDnuaiptyDenls to the to pay off th¢ defiGit and to iiwitn¢wniwbets joiuiug" to nooKurstry .tsff. This is b8soI ort stÉiViDg to kne fNms 8ttd fA)nditioDs cOmparabl¢ Tryith tOthpÈtttois Htia that. a¢¢ The chatity bas (okell measwes to the of the stha to bave the ¢l8fi6¢ uba#rwntt¢tt by iDgib¢ PaL8i(o a ¢h#oe on the tharityB at the" Falk Thebefjofits ar&tha¢.thg orsahilation canrnain irl the 5ch¢llÈe alldthe or8anisa¢ion'5 cash bè us¢d fo" r B7dor" bctiefft ofthè.cbatiry 'r4tbrf thaD be to uTracThritllig th¢ defici if the Ch￿ilY to le4*¢ th¢ S¢1￿￿¢ ¥ilhor Yhrou8b c310icé orhlure" toJnke aefritpayEn¢Dts the full déficit Wotsld ￿￿￿)*￿a￿l S￿all eomp8nl&gprovislon stst￿¢￿t NfrRHo Adventure llyndburn Ltd Xndependent Enmlner's Report to the trustees of Adventure HyndburD Ltd i rewrt to tbe ¢tr￿lty trustees on my ex8mill￿ of tbe xcounts of clwity for the Y￿ ended 31 M¥r¢h 2024 which are set out onpages 7 to 18. Rupettlve tespomlbaitiej of tru5tee8 and ex*mlMer As the charity's trllSte￿ of A¢fventure Hyndkn tld (ulld also its directots for th8 pulposes of CA)n)pany law) A¢t 2006 ('the 2006 Act). Having satisfied my5e]f that th¢ aC￿￿ts of AdVenth￿ Hyndbum IAd are not requtred io be audited under Part 16 of the 2006 Act and are cli￿7>1¢ for iodyttdent exarninatio￿ I report in T￿r￿ct of rny exatsitsatiots of your Charity's accoults as eanied out utmkn 5￿tIOn 145 of the ChaEities Act 201E ('the 2011 Act,). tn carrying out y exaJ)]ioation I have followed the Directiolls giveo by the Charity Comjnls￿ll under 8¢ction 145{5)(b) of tbe 2011 ACL lttdependent exanthier's St*tell￿nt Since Advenkn HyDdburn IA(fs w ineojne exceed￿ £250.000 your eX￿Di￿ must be a member of 8 body listed in section 145 of tbe 2011 ACL I coDfJrni that I am qualifigj to undertake the ewninatson b¢wtse I a I bav¢ completed rny exaTllT￿ti0￿ I coth that no mattezs havc come to my attentiott in conDe¢tioll witb the 2006 A¢ or 2. tbe aceounts don0ta￿O[dWith tho¥¢ re￿￿$. or y requirnent tbat the acwuDts ￿e a 8ty1 fairvievl which is not amats ¢ODsid¢r¢d os part of an independent ex8nJiDation' or 4. the a¢¢ouots ￿ve not been ptepared ill with th¢ and winciples of the Stthnellt of Re¢onwieuded Prn¢tic¢ for accounting attd reporting by cbarities lapplithl¢ to Ch￿rtIeS preparing tknir counts in ￿l))rdance the FiDaThC1￿ Rwrtiog Stsndard appliubk in the UK a￿d Republic of [rel￿d (FRS 102)]. shouldb¢ dravm in this teportin ortsto eDable a protKruthtalldtug of tbe aC￿￿ts to be re¥thd Mark Heaton FCCA F￿ Dch IstFloor. Blockc Burnley BBII IJG 18 June 2024 Adventure Hyndburn Ltd Statsment of ThancRal Activities for the Year Ended 31 Marcb 2024 (Including Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Uth5tritted fund5 Total 2023 2024 IDcome fro￿. Charitabl¢ actiTrities 879.795 6510 43.811 879.795 6.510 43.811 771.950 3586 30.684 771950 3,586 30,684 Total ill￿￿¢ 930,116 930.116 806,220 806220 Expenditure on: Cl)aTitabk activities (930.454 0,454 1205,684 1.205.684 Totsl eXp￿dIt￿re Gainsllosses on inv¢51Tn¢nt (930.454) (930.454) (1205.684) (1205.684) 6541 6541 701 701 Nrt ineoMel(eX￿d1tr) 6203 6203 (398.763) 1398.763) 6203 6203 (398.763) (398.763) RecoRclJladon *)f funds Totsl bmugbt forw8rd 2 465.195 2.465.195 2,863.958 2.863.958 Totsl ¢8ttied fotW4rd 15 2.471398 2.471.398 2.465.195 2 465 195 Ad*&ntur¢ llyndburn Ltd ￿le￿'stration nnmb¢r: 04.358352) Balau¢e Sh¢¢t as #t 31 Match 2024 1024 2023 Note Mx¢a b&%¢ts Tawble assets io li 1.827.622 107242 L934.864 1,888J61 1.989.262 Ciirr¢nt &$8ets Debtors C18h atbgDk8ndill]iat 12 55.862 SJ6.730 621.086 Credltors: Amoupb f4lllng due wlthln pnoyear Né¢ tdtrntl%sets Net asséts 13 (84,552) (96.659) 536.534 475.933 1471 J98 2.465 195 Funds of tbe tharlty: Unrestrlcted irttoméfun iYttre￿ea 2 471398.. X455.195 Tot#Lthi) 15 For thE financi￿yeat w4h)g" 31 M2re. h 2024thé. d)atlty w45 ¢ntitled to exemption fft(￿ ￿dh.￿nder 5ection477 .ofthe CompaThiisAct20P6 ￿￿8¥0£tuall cOmpatiie9. Dw¢ctth5' Trsp6n&il)ilities: The menLb¢t8 have t￿l reqvi(orntion PUryM)su. Ac￿rdinglY. the ¢harAty Is potentially exempt from l&xatioti ill rwe¢t of ineorne or wital 8aiDS received within ¢ateE0ri¢5 covered by Chapter 3 Part Il of the Co4mttott Tgx Act 2010 or Section 256 of the T8xatioD of cha￿able Gains Act 1992. to the extent that such income orgaitts appIied e￿1￿*￿vely to cbatitsbie p￿￿0$¢& T¥￿￿bIe fixed 4s8ets Individuat fixed 2ssets eostiD8 £8QO or more 8re iDitsa]ly recordul at rt I¢s5 ally wbwuent accumulated DepreciatioD Depreciaiion i5 provided on tangible fixed Issets so to write off the ¢ost or v8h￿tio￿ less atty estiti rtsidual valu4 over theirexpected useful ¢conottLiC life as follows: Ikpredadon method and rats 2Y• per annurn straigbt lio¢ basis 2%per 8Dnum straight lille basis 20% per annum stsaight line basis 20%per annum straight lin¢ basis Freeholdproperty L¢aseholdpro Cojllputer equipment Penslong eontsibutiOLS are paid iTth a pension ffi]￿d arml the cbwity hL8 no legal or constnKtive obligation to pay fiuther eonlnl)utioDs even if the fi￿d do&s not hold S￿￿¢l￿t assets to pay all eÈDploye¢s the benefits relatitig to employee servic¢ irL the cwreDtandpriorperiod& du& If contributionpayjnents ex¢eed th¢ wtribution for s¢tvic¢. tbe ￿esS is re￿801$￿ as aprepayDienL The ¢lJarity onty ljas fjttallcial assets 8nd f￿8￿¢1￿ iiabÈlities of a kin& that qualify basic financial instru￿. Basic fJnanci81 insttuments are initially rtcogtiised at tit￿￿￿l0ll vth and suwuently rne￿red at thetr settlement value with th¢ ¢xc¢ptioti ofbomk lo￿ whidh 8re stsbsequendy at #Tnortised costusing th¢ effective Interest ll￿th( Pageii Adventure llyndburn Ltd Notes to the Flnaneial StateD)eDts for the Year Ended 31 March 2024 Crltlcal 8c¢owiting ¢Stlmatss 4Dd 4re4s of Judg¢rnent The cbarity makes estijnates and asswtiow CODcuuing the The rewltiug accounting estirnate5 and assutyioD8 will. by definitio￿ seldom 94ual the Trlated actrjal results. The estiTnat&% and aSSUTDptions that have a sigoificallt tisk of causitig a adjusttnent kn the catryitig 8mouuts of a&*ts and liabilities within the next financial y¢yr discussed bthw. OperatiBg lease Rentals under operating l¢ase8 ar¢ ¢harg&l ¢0 the statellne￿ of fin￿la1 a¢tivities otta straight.litie basis over th¢ 3 frnrn chaTitsble Acdvldes funds Totsl 2024 Totsl 2023 Genernl S¢rvi¢w provided Activity income Grant in¢om¢ Nwsery illcome 55.085 24J35 610,754 189.621 55.085 24J35 610.754 189.621 879.795 56.064 23,408 531382 161,096 771.950 879.795 4 Investll￿t income funds Totsl 2024 2023 Ballk interest xeeeivabl& 6510 ￿10 3586 S Oth¢r IR¢om¢ fllnds Tot81 2024 Totsl 2023 CeDernl Roomrntsl 43.811 43.811 30,684 Pag¢ 12 Adventure Hyndburn Ltd Notes to the Financial Statenlents for the Year Ended 31 March 2024 6 Expenditure on chArhable actfvltles Unrestricted llds Total 2024 Total 2023 Generthl Service delivery Support costs Depr￿latiOn 771,044 87,871 60.939 10.600 771.044 87,871 60,939 10,600 930.454 677,868 82,375 434,081 Ll,360 1205,684 930.454 Included in the dweciation figwe &s part of the priorye4r ig the oll disposal of The Willow& atnounting to £364.980. 7 Anatysis of gtsYernaDce and support costs Support costs Unrestricted funds Total 2024 Total 2023 General stsff costs Wages and sfilaTieS Etnployers Nl Staff peAJsioLs 68.996 5,354 68.996 5,354 65,056 87.871 Governauc¢ costs unrestri￿Cd funds Total 2024 Total 2023 GetterAI Examination of th¢ fjnancial statements Bookkeepijjg fee3 ConsultsD¢y f¢¢ Legal fees 2.472 1.478 2.472 1.478 2280 1,493 930 6.657 11.360 6.650 10,600 6.650 10,600 Page 13 Adventure Hyndburn Ltd F40tss to the Financial Statsments for the Year Ellded 31 Mar¢h 2024 8 Trust¢e5 remwieration and eXp￿S 9 Staff costs The aggregate paJToll ¢03ts ￿tre a5 follow5: 2024 2023 Wag&s ana saktxes Social seauity costs Pellsion costs 483280 25571 49,186 558,037 448,E29 20,385 69.509 538.023 The monthly average numE£r of pe￿￿8 (illeluditig sajior Dwagement l¢am) ¢wployvJ by the chatity dwyng the year expressedos time wivateDts Th75 as lollov 2024 2023 C]wstable servic¢s M8llagement and adminithtion 28 31 30 33 No employee r￿Liv￿￿en￿lIUD)tllts of thats£￿.{)00 tsing the ye8r. The totsl enwloy¢¢ b¢n¢fits of the key Pa30nn¢t of th¢ clJaTity weEe £45930 (2023. £43.045). Page 14 Adventure Hyndburn Ltd Notes to the Mnallclal Statements for the Year Ended 31 March 2024 10 Tallglble fixed assets Freehold JAasehold prnperty prnperty fitting5 41 ¢qulpmellt Cost At l AprAI 2023 1.481351 1.481,896 775J58 3.739.805 At 31 March 2024 51 1.481,896 775.558 3.739,805 Depreciation At l AW112￿23 Charge for tbe yeor $7&666 29.650 401.￿1 29.639 770,707 1.851244 1.650 60,939 At 31 Mareh 2024 708316 431.510 772.357 1,912,183 Net bookvalue At 31 Marth 2024 1.050J86 3201 1827 622 At 31 March 2023 803.685 1.080.025 4.851 1,888,561 11 Fl¥ed as*tinvestments 2024 2023 107242 100.701 v¢sttDeDts Total Cost or Valu4tlon At l April 2023 Revaluatioll IIK).701 6.541 11)0.701 6.541 At 31 Match2U24 107242 107242 Net bookvallle At 31 Marth2024 E07 107,242 a2 100,701 100.701 At 31 mS￿h 2023 Pag¢ 15 Adventure Hyndburn Ltd Notes to the Slnancial Statements for the Year Ended 31 March 202A 12 D¢btors 2024 21123 Trade debtots 25.762 17.702 33.970 15.641 6251 Other debtors 43.464 55,862 13 Credltors 21J23 TTrde cr¢ditoxs 6278 9223 9923 59.128 9J38 9.116 31,110 47,095 96.659 84552 14 ContlDgent llablliti The ch￿lty has prev&ously received w futhg whith beett used to I￿lId and D)ake impmvcmcnts to its propertics attd Iw ¢ontributed towards the costs of fulfilling tbe chaEit8ble obiectives of the organisatioll. The t¢rm$ of tbese 8È8nts $￿Ify that som¢ or all of the could become repayable Tritbill various p￿10d$. between 10 and 25 years of the payillent of th¢ fffjal of the M if the organisation falls to uti]is¢ the grant forth¢ PUTpose forwhich itY43s give If tbe orgaoi5ation rKogllises that it may bave to repay or all of, th¢ W it vnll eteats a liability in the accounts piior to rnsking the repayM￿l Beyond su¢h ¢lrcuTn￿. the t[￿tte8 do llot consider. bow¢ver, thaL as a r¢5uIt of the p&wge of lime and the norn￿1 t¢m]8 ￿]Ch w bave bEell nmde, there is lknly to be 8ny oystalli￿Oll ofa liabibty. P8Be 16 Adventure Hyndburn Ltd Notss to the Ffinandal Statements for the Year Ended 31 March 2024 15 FuDds BAl4nc¢ at I Aprll 2023 In¢oming Resourc¢¥ esperyded B8l*nce At31 March2024 Unrestricted funds 576,634 1.888.561 930,116 (862,974) (60.939) 643.776 1827 622 Fixed ￿￿eLl 2.465.195 930.116 923.913 2.471,398 Balance at I Aprll 2012 MDcoming resources Resour¢¢8 expended Balance &t31 m￿ch 2023 Unrestricted funds Gellernl Fixed &8sets 541316 2,322.642 806220 (770302) (434.08l 576.634 1.888,561 1.204,983 2,465,195 16 AnAly$is oIllet wets behveen funds Unrestrffieted Dds Tota] funds 2024 General Tangible fixed assets 1.827.622 107,242 621,086 84,552 1.827.622 107,242 621.086 (84.552) Cur¢nt liabilities Totsl net assets 2.471 J98 1471,398 UnrestrReted rullds Tot*1 funds 2023 GeDeral Tangible fixed Assets Fixed &s$et inv<%iTllents CU￿t￿l assets Cuttent liabilities 1,888,561 100,701 5n.592 96.659) 1,888,561 100,701 572,592 96.659) Totsl ryet wets 2.465.195 2 465,195 PAg¢ 17 Adventure Hyndburn Ltd Notes to the Finallelai Ststsments for the Year Ended 31 Mareh 2024 17 Penslon conullltmeDts Defined tOntrib￿lI0￿ penslon s¢heme The ch8xity operates a defrled l*nefit pension schem& The s¢lM)e is 8 Duthpk ¢mpl¢w and the cb8rity is to identify its shate ofthe underlylllg ass¢ts aDd liabiliti¢& valued on a trienDial b￿]S by the fund acDJary. ￿¢[￿. At th¢ last su¢h valu&tion in 2022. the sebeme Imd a futidin8 level of io¢f/• (2016: WA). The cknity& ull¢krlyi￿g s]we of ass¢ts and liabilitie5 cannot be separately identified alld it is rLOt p￿tt￿l to quantify the extent of ally uoderlying ¢l¢wt of the ch￿1￿8 liability at any 8iY¢n date. ThErth. contributions are ¢harged to the 5taternent of fuJan¢ial activities in the year in which thry paid. The cotttributions paid during the y¢ar amounted to £62.822 (2023 - £85221). CoDtrll)utiOnS an￿￿￿till8 to £Nil (2023: £Ni4 were payable to the fillld at th¢ balan¢¢ sbeet d81e. Page 18