Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
Charity number: 1098540
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE ALBERT DAWSON EDUCATIONAL TRUST
Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
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 - 13 |
Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
Trustees Robert Wilson OBE, Chair Peter Miall Lesley Scott Mark Eastment Judith Rudoe David Beevers
Charity registered number 1098540 Principal office 23 Clifton Terrace Brighton BN1 3HA Accountants Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames Surrey TW18 4BP Bankers Barclays Bank UK PLC 139/142 North Sreet Brighton BN1 1RU CCLA Investment Management Limited One Angel Lane London EC4R 3AB Independent Examiner Janice Matthews FCA Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames Surrey TW18 4BP
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their annual report and financial statements of the charity for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 1993, and the Statement of Recommended Practice: Accounting and Reporting by Charities published in 2005.
Structure, governance and management
The Trust is a registered charity, number 1098540, and is constituted under a trust deed dated 18 June, 2003. The Trust was established by an initial gift from Mr Peter Dawson Rose in June 2003. On his death in November, 2020, the bulk of his estate was given by his Will to the Trustees to hold on the existing terms of the Trust Deed. The Trust does not actively fundraise, and seeks to continue the charitable work desired by the donor through careful use of its existing resources. The Trust does not own any real property.
New trustees are appointed by the existing trustees, there is no time limit to the period a trustee may serve. The Trust Deed provides for a minimum of three trustees.
Until 2022 the Trust only had a small amount of capital, but following the death in 2020 of the Settlor of the Trust, and the gift by his Will of substantial new capital, the Trust was able to expand the scale of its grant making
Subsequently three new Trustees were appointed in 2022, and the work of the Trust increased. The new Trustees were chosen for their specialist knowledge in relevant fields and their wide-ranging contacts in the museum and art worlds. They have added welcome expertise which has enabled the Trust to develop wider links among a larger pool of prospective beneficiaries.
In the past year four meetings were held. The Trust aims to hold four meetings a year. If in future a sub-committee should be required to oversee the progress of any project funded by the Trust, that could be arranged when necessary, but the need for this is not envisaged at present.
The Trust has no employees, and no ongoing activity that requires management. It is solely concerned with considering the suitability of applications for grants.
All trustees give their time freely and no trustee remuneration was paid in the year, or in the past. No trustee expenses have ever been claimed. All trustees are required to disclose all relevant interests prior to being appointed, and withdraw from decisions when a conflict of interest arises.
Risk Management
The trustees are concerned to protect as far as possible the financial security of the Trust fund. The fund is not sufficiently large to warrant a specific managed portfolio of investments. Funds are invested in suitable vehicles specifically designed for charities, with the aim of spreading the fund over different providers. The Trust Deed does not require a permanent endowment to be set up, and the trustees prefer to keep the flexibility of access to both capital and income. There are no on-going programmes that require future budget protection, and funds can be applied for any worthwhile application within the constraints of what money the trustees consider is sensibly available at the time.
Objectives and activities for the public benefit
The objects of the Trust are to promote and advance the education of the public in the appreciation of 19th century English decorative and fine arts and artefacts. Mr Peter Rose, the founder of the Trust, had been an art teacher, and believed strongly in the value of art education, and the need to give help in an area that was frequently underfunded. This is one of the fundamental objects of the Trust.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and apply it when considering the relevance of applications for grants to the aims and objects of the Trust.
The Trust carries out these objectives by:
Funding the publication of books about artists, craftsmen and designers of the period. Funding costs of public exhibitions of art and decorative objects of the period, to assist publication costs of exhibition catalogues and costs in support of physical requirements of mounting exhibitions, and by financing the provision and public access to study material for students of the period.
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Furthermore, the Trust is empowered to support students with educational grants and to support centres of teaching including the provision of scholarships and bursaries; and to undertake and promote research into all aspects of 19th century art and artefacts and to publish the results for the benefit of students and the public.
Grant making policy
The Trust has established its grant making policy to support applications that will expand public appreciation and knowledge of the artists and craftsmen of the period and bring their work and achievements better public recognition. The period was a rich one, when design was in the forefront of daily and commercial life, and many of those talented designers and artists are in danger of being overlooked today by the wider public. The trustees hope to do what they can to preserve this rich legacy.
Activities and Achievements
The year was a busy one for grant-giving.
A grant was awarded to Peyton Skipwith to cover the cost of new photography to illustrate his project on Earl Beauchamp’s wide ranging patronage of the Arts and Crafts movement.
A grant was awarded to Dr Peter Lindfield to support his book “George Shaw (1810-1876): Diaries and Letters of an Architect, Antiquary, and Forger”, which contains transcriptions of original material from George Shaws diaries and correspondence.
A grant was awarded to Dr Caroline Dakers to fund images for a free online publication concerning Alfred Morrison (18211897)
A grant was awarded to The Victorian Society to support the cost of some illustrations for their monograph “The Rogue Goths”.
A grant was awarded to The Decorative Arts Society in support of the publishing costs of the Society’s Journal.
A grant was awarded to Dr Megan Aldrich to support a book on Thomas Rickman, the nineteenth architect and antiquary. A grant was awarded to Martin Pel to support his book “Martin Battersby and the Art of Deception”.
A grant was awarded to DR Alexandra Loske to support her book “The Royal Pavilion Brighton”.
Financial Review
The major part of the bequest to The Trust under the Will of Mr Peter Rose are now invested in suitable charitable investment holdings both for capital appreciation and income generation. Total income for the year was £119,489 (2024: £49,357). Total expenditure for the year was £64,737 (2024: £121,943), including auction costs and commission.
Reserves Policy
The charity does not have any commitment to ongoing expenses for employment of staff or upkeep of buildings, and the Trustees do not envisage at present entering into any commitment for regular major financial support that will need to be ringfenced for future security. Their only concern is to keep the Trust’s annual grant giving in sensible proportion to the available funds so as to protect the future activity of the Trust.
The Trustees consider the capital of the Trust as the reserve against future requests for grants, and aim to maintain a yearly balance between giving and retaining funds for future use. At present the capital of the Trust is £4,211,266 (2024: £4,204,389) after making payment of Trust expenses and grants. Two grants awarded during the year for £11,000 have not yet been paid.
The Trust contains a sizeable amount of capital, and it does not seem practical or necessary to set a minimum reserve amount at present.
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Principal risks and uncertainties
The charity operates very simply with no fund-raising organisation or paid staff to manage and plan for. The Trustees’ only responsibility is to safeguard the capital and ensure that support is given to worthwhile causes that fall within the aims of the Trust Deed.
The Trust income comes from investment of the capital resulting from the bequest of Mr Peter Rose. It is invested in two COIF holdings, the Newton Growth and Income Fund for Charities, and the Cazenove Charity Sustainable Multi-Asset Fund. It is invested for income, capital growth, and with a view to flexibility when necessary.
Future Plans
The past year has seen steady progress in our grant making which we are sure would meet with the approval of the founder of the Trust, Mr Peter Rose and his partner Albert Gallichan. The Trustees have every expectation of being able to continue on this promising foundation in future. There are some grant applications on hand awaiting finalisation, which promise to expand the work of the Trust in directions in keeping with the aims of the Trust and the interests of the founder of the Trust.
Going Concern
At the present time the Trustees have no concerns for the financial security of the Trust. The Trust has a substantial capital reserve and no commitment to regular outgoings.Therefore, the Trustees are confident that the charity has adequate resources to continue operational existence for the foreseeable future. For these reasons the Trustees adopt a going concern basis of accounting in preparing the annual financial statements.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles of the Charities SORP (FRS 102)
-
Make judgements and accounting estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards (FRS 102) have been followed
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Subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity wil continue in business.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ 6620AF5DD2B54E5... Robert Wilson OBE Trustee
Date: 07-Jan-2026
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
INDEPENDENT EXAMINERS' REPORT
Independent Examiner's Report to the Trustees of The Albert Dawson Educational Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 08-Jan-2026
Janice Matthews FCA
Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames Surrey TW18 4BP
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 73,238 46,251 119,489 64,737 64,737 54,752 (47,875) 6,877 4,204,389 6,877 4,211,266 |
Total funds 2025 £ 73,238 46,251 119,489 64,737 64,737 54,752 (47,875) 6,877 4,204,389 6,877 4,211,266 |
Total funds 2024 £ 8,917 40,440 49,357 121,943 121,943 (72,586) 300,382 227,796 3,976,593 227,796 4,204,389 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 13 form part of these financial statements.
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
BALANCE SHEET AS AT 5 APRIL 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Investments | 9 | 3,699,163 | 3,747,038 | ||
| 3,699,163 | 3,747,038 | ||||
| Current assets | |||||
| Stocks | 8,700 | 13,700 | |||
| Debtors | 10 | 8,000 | - | ||
| Cash at bank and in hand | 538,188 | 474,811 | |||
| 554,888 | 488,511 | ||||
| Current liabilities | |||||
| Creditors: amounts falling due within one year | 11 | (42,785) | (31,160) | ||
| Net current assets | 512,103 | 457,351 | |||
| Total assets less current liabilities | 4,211,266 | 4,204,389 | |||
| Total net assets | 4,211,266 | 4,204,389 | |||
| Charity funds | |||||
| Unrestricted funds | 4,211,266 | 4,204,389 | |||
| Total funds | 4,211,266 | 4,204,389 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Robert Wilson OBE Trustee
07-Jan-2026 Date:
The notes on pages 8 to 13 form part of these financial statements.
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. General information
The Albert Dawson Educational Trust is an unincorporated charity registered in England and Wales. The address of the registered office is disclosed on the administrative and reference details page.
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 Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Albert Dawson Educational Trust 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.
2.2 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.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 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 allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
2. Accounting policies (continued)
2.3 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 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.
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 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.
Investment income, gains and losses are allocated to the appropriate fund.
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
3. Income from donations and legacies
| Legacies Total 2024 Investment income Dividends from investments Interest Total 2024 Analysis of grants Grants Total 2024 |
Unrestricted funds 2025 £ 73,238 8,917 Unrestricted funds 2025 £ 22,842 23,409 46,251 40,440 Grants to Institutions 2025 £ 57,782 112,386 |
Total funds 2025 £ 73,238 8,917 Total funds 2025 £ 22,842 23,409 46,251 40,440 Total funds 2025 £ 57,782 112,386 |
Total funds 2024 £ 8,917 |
|---|---|---|---|
| Total funds 2024 £ 20,405 20,035 |
|||
| 40,440 | |||
| Total funds 2024 £ 112,386 |
|||
4. Investment income
5. Analysis of grants
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THE ALBERT DAWSON EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
5. Analysis of grants (continued)
The Charity has made the following material grants to institutions during the year:
| Name of institution Ashmolean Museum Yale Univeristy Press Brotherton Library Emery Walker Trust The Friends of Leighton House The David Parr House The Decorative Arts Society Peyton Skipwith Megan Aldrich Other grants to institutions |
2025 £ - 13,500 - - 20,000 8,000 3,000 3,000 8,000 55,500 2,282 57,782 |
2024 £ 30,000 25,000 21,813 11,287 - - - - - |
|---|---|---|
| 88,100 24,286 |
||
| 112,386 |
6. Analysis of expenditure by activities
| Charitable activities Total 2024 |
Grant funding of activities 2025 £ 57,782 112,386 |
Support costs 2025 £ 6,955 9,557 |
Total funds 2025 £ 64,737 121,943 |
Total funds 2024 £ 121,943 |
|---|---|---|---|---|
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Audit and accountancy fees Cleaning Website Trustee expenses |
Total funds 2025 £ 6,793 - 150 12 6,955 |
Total funds 2024 £ 6,200 505 2,852 - |
|---|---|---|
| 9,557 |
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £3,630 (2024: £3,300) and accountancy fee of £3,300 (2024: £3,000).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 5 April 2025, expenses totalling £ 12 were reimbursed or paid directly to 1 Trustee (2024 - £ NIL ).
9. Fixed asset investments
| Cost or valuation At 6 April 2024 Revaluations At 5 April 2025 Net book value At 5 April 2025 At 5 April 2024 |
Unlisted investments £ 3,747,038 (47,875) 3,699,163 3,699,163 3,747,038 |
|---|---|
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Docusign Envelope ID: A274F053-A3B2-4998-9043-39743E25DD92
THE ALBERT DAWSON EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
10. Debtors
| Due within one year Prepayments and accrued income |
2025 £ 8,000 8,000 |
2024 £ - |
|---|---|---|
| - |
11. Creditors: Amounts falling due within one year
| Grants payable Accruals and deferred income |
2025 £ 36,000 6,785 42,785 |
2024 £ 25,000 6,160 |
|---|---|---|
| 31,160 |
12. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 6 April 2024 £ 4,204,389 Balance at 6 April 2023 £ 3,976,593 |
Income £ 119,489 Income £ 49,357 |
Expenditure £ (64,737) Expenditure £ (121,943) |
Gains/ (Losses) £ (47,875) Gains/ (Losses) £ 300,382 |
Balance at 5 April 2025 £ 4,211,266 |
|---|---|---|---|---|---|
| Balance at 5 April 2024 £ 4,204,389 |
13. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 5 April 2025.
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