Company Number: 04727353 Charity Number. 1099082 Waltham Forest Blaek People's Mettlal Health Association FinaDci41 Statements For the Year Ellded 31 Mar¢b 2024 Augustus & Co Chartered Certified Accountants Forest Black People's Ment41 HeAIth knociation Index Contents Legal and Administrative Details Directors, Report 7-8 Independent Examiner's Report Ststement of Financial Aetivitieg 10 Balance Sheet 11-16 Nol¢s to A¢¢ounts Waltbam For¢st Bla¢k People's Mental Health Asso¢lado and Administrgtive D tai Status The Compatty was incorpotated as a ¢ompany limiid by guarantee on 8 Aprthl 2003 and registered as a charity on the satne date. The Company took over the assets and liabilities of a Previously ullincorporate41 charity. Walth Forest Black People's Mental Health Association with charity number 1027227 on incorEKir4tion. Directors Kathleen Wilson (Chair) Veline Green (freasurer) John Barzey (Secretary) Bankers Co-operntive Bank Independent Exarniner A. A Boafo B￿wU FCCA. MBA Augustus & Co Chartered Certified Accountant ?74 L¢y Str￿( Ilford Essex IGI 4AE Charity Offic 2 Priory Avenue Walthamstow London E17 7QP CharityNumber: 1099082 Company Number: 04727353 Waltham Forest Black People'5 Me￿¢al Health knociation Directors Report The trustee5 arc pleaKd to present their a[￿Ual dircctors, r¢F¥)rt tog¢th¢r with the financial 5tstements of the charity for the year ended 31 March 2024 which are also preparedto meet tbe reqU1￿MentS for a dircctors, report and accounts for Companies A¢t purpos¢s. The financial statcmcnts comply with the Charitics Act 2011. the Companies Act 2006. the Memordndum and Articl￿ ofA550¢iation. and Accounting and Reporting by Charities- StatetR¢nt of Recottunended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting St8nd8rd applicable itl the UK and Republic of Ireland {FRS 102) (effective l January 2015). Aims and Objects of the Cornpany Waltham Forest BlackPeople's Mental Ilealth Associatlon ts a voluntary sector organisation. Th¢ Association 15 funded by Waliham Forest Social Services and mo1￿ed by a committee made up of voluttteers and s¢rvi¢¢ users. It was Trncorporaicd on 8 April 2003 as a charitabl¢ COEnpany litnited by guarantee. On that dal< il took ov¢r the and liabiliti¢s of an GXiSting u￿1￿({￿￿)r￿t￿l charity with the same name. The Association is established: l. To promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or ¢onditioL% of emotional or mental distrss requiring advice or treatment in th¢ London Borough of Walthaln For¢st particularly peTSOllS of African, Caribbean or Asian descent or of other ethnic or national groups inthe said area of benefit. 2. To assist such pcr50TL8 to r¢alise their full potevrtial to lead fulfilling liv￿ in particular by the Provision of services lo: Assist sueh a p¢rson to obtain his or her full rights and privilcges as a citizen and Provide advic¢ t0 5vth p¢rsons. How Our Activities Ijeliver Public Benefit Our main activities and who ive try to help are as described in objectives and activities. All our charitable activitics focus on these objectives lo ￿rther ow charitable purtfv)ses for the public benefit. Finanrial Reviesv The financial position of the ¢harity at th¢ end of Ib¢ fJnan¢ial year is &% d¢tsil¢d in the attach¢d financial statements. The charity's income for the year £174,022. Aclivitles D•rlng the Year As reported, l&st year we continued to provide a comprehensive range of services to our users and carers to th¢ besl of our ability. We hav¢ many a¢tiviti¢& ivhich includes, book club. quizzes, fun days. health watch is an integral programme, whereby relevant tOPiC5 are explored in depth i.e. Mental Health and its effects and uses upon the individual. Dementi￿ diabetes, cancer. hearL hypertension, medication, healthy living, medication, just to name a few. W4ltham Forest Black People's Mentsl Health knociation Attendance The total attendance of service users for the year 2023-2024 is 3,251. The Monthly figures for attendance are as follows: ril-June 23 831 23 Oct- Dec 23 778 ja￿ March 24 793 Yearl Totsl 3,251 S¢Tvice Us¢r Attendance Lunch Attendantts 849 694 773 715 730 2,912 LuDeh For the y¢ar 2023124. 2.912 meals were prepared in house. Regular A¢tiviti¢5 The activities whidL BPMHA have been able to provide the following Aetiviti¢5 IS part of its engag¢mcnt wilh seryice user development and work to Support positive outcomes for servic¢ users. Plw¢ s¢e th¢ lisl of activities below Women's Oroup Ncws Report Arts & Crafts Bible Study Men's Group Video Club Board Gatnes Basi¢ Computers (Mixed) Health & Fitn¢5S Ccntrc Mcdings (tnonthly) Diabetes Support Group Music Therapy Waltham Forest Black Peoplegs Mental Health Association Otber Activities and Events: Waltham Forest Black Peoples Mental Health Association ivill continue to provide comprehensive day opportwjities, support and adVoc￿y services to adults with mental h¢alth problctns living in Waltham Forcst and the surrounding London Borough& at a c05t to service user per day. Focus on the individual with som¢ real choice, tailored 5LlPPOrt where necessary A wlder range of activities which are meaningful A focus on inclusive activÉties bas¢d in the comtnunity A full $¢ryice covering at lffast five days of the week. oeeaslonal evening and weekettds. A service ihat meets the needs of both the individual thetr ¢8sers Accessible services that meet the needs of diverse groups Based on partnvships b¢tw¢¢n Adult Social Care and local agencies User involvement and user servic¢s Re¢ovcry. ￿habilItatIO11 foTh¢ahh Reducing social isolation personal sktll development In addition to th¢ regular a¢livilies. th¢ Association also organised a number of one-OtTactivities in- house events for setvice users. These tncluded celebrating our CUl￿ra1 Eveningy Poetry writing session4 socia15. Bla¢k History Month and World M¢nta] H¢alth Day. Along with these, BPMHA services users and carers also engaged in eV¢n￿ groups activities such as irÈ- house fun days and quizze5 were also staged for the elljoymenl of servic¢ us¢rs. CArers: UnfoTtunately> due to a lack of fvnding our carers support grow) no longer meets. We continue however to offer support on a one to one basis as nttded. Conclusion: This year WFBPMHA supwrted its service users and carers refetTed from teams acros5 the ￿roug[L throughout coYid-19 Testrictions through the delivery of food and serYi¢es to regular attendees homes. who have not been able to out due to isol&ting or shielding. We monitor and evaluate our services through & Bi-annual review of activities as well 6-12 weekly individua] care revicws with users. Fuknre Plans BPMHA continues to develop and implement & Self-s￿￿taIn1ng service model that will deliver high qualtty car¢ whilst mceting a range of needs. WFBPMHA will cndvavour to continuc providing scryicc5 to our membeTS alld the wider C0￿MUnity. Waltham Forest Bl4ck Pwpl¢'8 Mentsl Health A550CllItio Dirtttors The followffing served as dircctors and on the committee during thc year covered by these accounts: Kathleen Wilson (chair) Veline Green (Treasurer) JOI￿ Barzey (Secretary) Gerda Cooper (Ordinary M¢mbcr) William Bailey (Ordin9ry Member) Tensie Gordon (Or(linary Member) The dwectors and committee members at the time the financial statement were appmved are &8 follows.. Kathleen Wilson {Chair) Veline Green (Treasurer) Juhn Barzy (s￿retary) Gerda CO0￿ (Ordinary Member) William Bailey (Ordinary MEmb¢r) Te￿$le Gordon (Ordinary Member) Directors, R￿ponsIbIlitieS Th¢ charity trustees (who are also the directors for the purposes of company law) atE respon5ibl¢ for paring a trust¢es' annual T¢POrt and financial Statements in accordance with applicable law and United Kingdom Accounting Stand8rds (United Kingdom Generally Accepted Accounting PrWice). Company law requires the directors to prepare finaAcia] statements for each financial ￿riOd. Under that law the directors have elected to prepare the fmaAcial stat¢Thent5 in aecordan¢¢ iviih Unit¢d Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicabl¢ law). Under ¢ompany law th¢ directors must approve ihe financial statements unless they satisfied that they give a true and fair view of the stste of affai￿ of the company and of the surplus or deficit of Ihc company for that period. In pr¢paring these fuJan¢ial statements. the dire¢tOT5 aTe required to: Select suitable accounting poli¢i¢s and th￿ apply Ih¢tn wn5151¢ntly' Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prndenL Prepare the Tr'inancial Skntements on the going concern basis unless it is inappropriate to presume that the cornpany will continue to provide services. Th¢ di￿¢10T5 ar¢ [espo￿5]ble for keeping adequate accounting records tbat are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any ttme the tinancial position of th OTnpany and to enable them to ensure that the Financial Statements comply with the Company Act 2006. They are also r¢spvnsibl¢ for saf¢¥uarding th¢ assds of the chaTity and h¢ac¢ for taking reasonable steps for ¢vention and detection of fraud and irregularities. Th¢ trustces are tesponsible for the maintenance and integrity of the corporale and finan¢ial information included on th¢ ¢haritsble company's websit¢. Legislation in the United Ktngdom governing the preparation alld dissemination of financial statements may differ from legislation in other jurtsdictions. WAllh•ro Fore￿ Blatk People1$ LK*ttl81 Health A￿l￿tIO DIrert0￿ S¢le¢tioll Melbod The dittctots #re elec1tslale￿h wmual 8eneARI t￿1[￿8 for a t¢rnioftwo Offi¢rtswhhlll the ￿nO￿l￿ted #nd onby all thcdircrl￿& Reserve5 Pg11ry 31 Mayrb 2024, theff war frer ￿TEStr￿￿ed ffswva4of£ll.250which will be wedto th¢ The direclorsconsidu this￿oU0tnot*quotCtsMK￿3 fv 6monthsexpwJihu& Wr s￿￿ti¥￿art￿ Association r¢lt&l Dnthe wvirtsof volvnteers infhe armsof admin￿10￿ re¢¢ption ¥tdwoEkittgwith useT& rollov1￿ yar. Thij re￿1￿5 pwar*l lrtac¢ordwTh vtth th¢ pmvisions gppli¢ablg to¢omwJks subSe¢t to the small Thi5 tryort apwOV￿ bythE bow4oD 12 W24 and si8ncd on their bdMlf ty: Vellp¢ Gre¢ ¢rrw￿rer) Waltbarn Forest Black People'8 MeDtsI Uealth AssoclatloD Independent Ex4mln¢r's Report to tbe Directors of Wsltham Forest Black People's MeDtal He4lth Association I report to the trustees (who are also Dir¢¢tors for the purpose of company law) on my examination of the financial statements of Waltham Forest Black People's Mental Health Associhtion ('the charitabl¢ company,) ft)r the year ended 31 March 2024 which comprise the Siatemenl of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's truslees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken 50 that I might state to the Gharity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest &Ytent pemiitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. foT my worL for this report. or frIT the opiniolls I have formed. ReSPODslbiiitios and basls of report As ihe Irust¢es of charitable company you are responsible for the preparation of the financial statements in accordance ivith the requirem¢nts of the Companies Act 2006 ('the 2006 Act.). Having satisfied Jnyself that the financial statements of the charitable company are not requir¢d to be audit¢d under Part 16 (Trf the Act and arc cligiblc for 1ndc￿ndent examination, I report in respect of my examination of tbe charit&ble company's financial slal￿ne￿￿ carried out under seclion 145 of the Clwities Act 2011 ('Ihe 2011 Act,) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. An independent examination do¢s not involv¢ gath￿Illg all th¢ evidenr¢ that would be required ID an audit and consequently does not cover all the matters that an auditor considers in giving iheir optnion on the fllWLcial ststements. The planning and conduct of an audit goes beYo￿A the limited assurance that an independeot examinalion can provid¢. Conbqu¢ntly l ¢xpr¢55 llo opinion as to whether the fiDancial statements present a 'true and fair. view and my rewrt is limited to tIM)se specific matters set out in the Independent examin¢r's statetnent. Independent examSn¥r's st4t¢ment If the clTrari(abl¢ ¢ompany'5 bFfo5s In￿Me ex¢eeded £250,000 your examlner must be a trtember of a body listed in section 145 of the 2011 Act. The income was below this threshold. l eonf]rni that Iam qualified to undertake the examination because I am a m¢mb¢r of ACCA. which is of the listed b)dies. I have completed my examination. I confimi that no m*wial matt¢rs hav¢ ¢ome to my attention in connection with the examination giving rne callse to believe that in any Mat￿7￿1 respect: accounting records were not kept in respect of the charitable company as r¢quir¢d by s¢ction 386 of the 2006 A￿. or > the fllW)cial statements do not a￿rd with those records. or the financi￿ statements do not comply with the accounting requirements of section 396 of the 2006 Act oiher than any requirement that the financial statements give a 'true and fair vi¢w whith is Thot & mattcr Consider￿ as part of an independenl examination. or Waltham Forest Bl*ck People's M¢ntsl Health knoci2tion > the fuhaneial stat¢m¢nÉ5 havc not been prepared in accordance with the Tnethods aDd principles of the SiatemeIit of Recommended Practice for accounting and reporting by charities applicable to charities prcparing their accouDls in accordan￿ with the Financial Reporting Standard appli¢able in thr UK and Republic of Ireland (FRS 102). I have no concerns and have come across no od*r matt¢Ts in connection with th¢ ¢XaTnitw¢ion to which attention should be drawn in this rewrt in order to enable a proper understanding of the financial statements to be a¢hed. A A Boafo-Brewu (FCCA MBA) 374 Ley Street Ilford Essex IGI 4AE Augustus & Co Dated.'13 De¢ember 2024 Wxlthsm Fortst Bla¢k P¢opl¢'5 ￿1¢￿1&1 H¢alth AssoriatitTr S¢al¢m¢ot Of Fillanrial Af tivititj Oneluding Income and Exp¢nditurn AfcouDtI Year Ended 31 March 2024 2024 Total 2W23 RHour¢¢5 IDcomiDg r¢SoU￿￿ fro eharithble activitio4: Dottaiiotts Earn¢d Ènrome 2.102 153.088 17,688 1,144 174,022 2,102 153.088 17,688 1.144 174.022 5714 168957 16216 129 191.016 Inv¢51￿•)1 in¢om Total Ineotlling R￿OUrceS Exptlldlture Charithble Aetiviti Totsl Exptndit& 175.136 175.136 175.136 17i,136 168.J31 168,131 Ntt into￿¢/(¢XP¢1ld1I￿re￿ ood FAovements ia fuDds for the year -1.114 22.885 Rewn£iliation of fvnd$ Totsj fimdsbrought foTrvard l April 2023 303.942 170,598 624,540 481.743 Prior YearAdJusttt￿At 19.912 Total Furtd& CAttied FonY&rd 2t3110312024 3D3,942 50,(YXI t69,484 523,426 524.540 Th¢]￿1￿5 pw$ 11 lo 16 fonn port of tlw finaD¢ial statenxnts. WAIikn FDrutBl*ckPtopl¢'JM¢•tsl He%libA*s•d¥thn BalwTrtÈSk¢rt 32U7J 323J75 323 io 28.465 IWJ32 207,Y97 3sin 161493 7.746 7.746 Wrfeurr¢thtAvots 2WX151 1.165 TofalAJThtslrtMC•rrnitlAobllili 521￿6 321426 J24J RepfewlodBr. 12 13 13 169J84 17Q598 301942 30J,942 $24 476oftheecqryDieJAda V¢￿¢Cle (r¥tts•ru) Ickntr) P¢ItstrI￿tr Mrnber. IM727JS3 Jo Waltbkm Forest Black People's Ment81 Health Association Notes To Aeeounts Year Ended 31 March 2024 Aecounting Polici 1.1 Aeeounling Conventio The fjnancial ststements have been prepared in a¢￿T￿anCe with Accounting and Reporting by Charities= Statement of Recomtnended Practiee applicable to charities prep2ring their accounts in a￿rdance with th¢ Fitw¢ial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 11)2) (effective l January 2015)- (Charitie5 SORP (FRS 102). the Financlal Reportlng Stsndard appli¢&ble irt the UK and Republi¢ of Ireland (FRS 102) 8nd the Companies Act 2006. 1.2 Incorni￿£ Resources Income are the 8mounts due forthe yearwhether or Dot a¢tualty received in the year. Donations and other tncoming resowces are tbe actual amounts received ill the year. 1.3 Depreciatio Depreciation is provided at rates calclllated to WTite off the cost or valuation, less estimated residual vaIue of each asset over the expected useful life as follows: Furniture, Flxtures & Equipment - 20Yo on ¢OSL Kitcben Equipment- I￿0 on eost. Fr¢¢hold Prop¢Tty. il. Items of expendtture are capitalised wben purchase price exceeds £500. The tnjstees have reviewed freehold lalld and buÉiding and consider the carrying value of the building is equal to or below its residual valu¢. Tb¢y h8V¢ th¢r¢for¢ llot providcd d¢pr¢¢iatiott on the building in thE cu£rent ftDallcial year. Waltham Forest Bl#ck People's MethtÉl Healtb Asso¢i4tion Notes To Af¢ouThts Year Ellded 31 Marrh 2024 1.4 CapitAI GrAnts Capital grants are treated in accordance with the SORP. they aTe reco￿[seda5 incorning resources on receipt. 1.5 Re$tri¢ted Futtd$ R¢stri¢ted funds are to be used for specific PULposes as laid th)wn by the donor. Exp¢ndRture which meets this criteria is charged to the 1.6 Unrestrteted Fund5 Unrestri¢ied funds are donations and other incoming resources receivable or genetated for the objects of the charity without further specified pU￿OseS and are available as general fimds. 1.7 Pensioll The pension costs charged in the financial ststements represent the contributions payable by tbe organisation. ID¢ollting resources 2.1 IncO￿l￿g resources from 3¢tivitÉes to further tbe chariWs objects Unrestricted Restricted 2024 Totsl 2023 Total 2.2 Earlled Illeotlle Direct payments 153.088 153.088 153,088 168,957 153,088 168,957 12 Waltb#m Forest Black People's Meutal Healtb Aggociation Notes To Accounts Ye4r Ended 31 March 2024 13 Other Incomittg Resources unrestrict￿ Rcstricted 2024 Totsl 2023 Total Contribution Tow8rds Activilt¢5 Membership Other InW[￿r Luneheon Club 17.688 17.688 17.688 17.688 10.033 10.033 2.4 Donatio UEuestricted Restiicted 2024 Tolal 2023 Total Fund raising Sustainability Grant HkfRC. Furlough Grant Other Incom¢ Menknership 1032 2.032 989 725 70 1102 70 2,102 3,714 Ch#ritsble actvities U￿r￿tricted R￿triCted 2024 Total 2023 Total Activit1¢5 (B¢frpr¢ Contribution5} Clients, Welfare I￿nCheon Club Salari¢5 Erllployers, National In8urattee Stwff Pension Cost5 VoluntEeTS ￿￿pC￿5c5 InSUTance Light & H¢at Cltrdnin8 Repwrs aTLd Maititenance Priti¢in& Po$tug¢ and Station¢ry Support Worker- Cook Telephorte Computer RuDlli08 Expewes HiT¢ of EquipmeDt Mana£emtnt Expenses Management Professional Fees Stsff training andwelf￿¢ Materials and Consumabl Water and w￿¢WaItr Trnvelling EX￿OSe3 1.514 1348 6.715 95.738 -953 11.082 200 9,103 8.657 4,337 13,021 560 12,216 .921 1484 439 54 255 344 22 1144 667 159 30 4.264 815 175,136 1.514 1.348 6.715 95.738 J)53 11.082 200 9,103 &657 4,337 13.021 560 12,216 1,921 1,484 439 54 255 344 22 1.144 667 159 30 4.264 815 175.136 522 549 5,775 105.726 9.934 12.440 300 9,749 2.977 1.705 5.494 287 3,214 4,356 313 49 447 319 159 39 2076 656 168.131 General Expens Govem4n¢¢ ¢¢)sts {￿¢ not¢ 4) SubscriptioJJs otthe £16&131 &Ypenditure in 2023. all of it iyas chty to unrestri¢ted funds. 13 W#lthttttL Forest Bl4tk P¢opl¢*$ M¢nt*l Health A$soriitio Notes T& A¢¢ounts YeRr Ended 31 March 2024 UnT￿lc1¢d Rc5trtct 2024 2023 4 GoVer￿n¢t eosts l.¢gal & ProftssIo￿al A¢countan¢y )okkecpiE)g 564 1,500 2,200 4,264 564 1,500 2200 4264 576 2,076 5 ltheom*J(exp¢thdlture) for the yur 2023 This i5 Stated after tharglDE A¢¢ounian¢yservic¢s 1,500 1.51H) StY4ff Costs 2024 2023 Salaries Employees N*ional Insurartce Employevs P¢nsioo Cosrs 95.738 -953 11,082 105.867 105.726 9.934 12,440 12&llX No ¢mployee ¢am¢d in ¢x¢¢ss of £60,(￿0. The average nthnber of employees was The amount paid to key m8rtogetneTht petsonnel xtscluded in salaries was £42.025. Th¢ trustee5 art C1￿51dered &8 key management personnel but none of them rcccives a salary. Direotors The directors received no reDwncration for their s¢rviccs and are notreimburscd Pension Costs The chority oprral¢s a defined contribution ptnsion scbeme. The scheme and its ￿ets are held by ind¢pEnd¢nt matmgers. The p¢nsion chgrge repre5¢nts contributioos due from the ¢harAty and amount¢d to £11,083 {2023 . £11440). 14 Waltham Forest Blaek People's MeDtsI Healtb Association Notes To Aecoullts Year Ellded 31 March 2024 Fixed Assets Furniture Fixtures & Freehold Kitchen Equipment Property Equipm¢nt Total Cost At l April 2023 Addition At 31 March 2024 60,301 351.495 46,282 458,078 60,301 351,495 46,282 458.078 Depreeihtffitstt Ai l April 2023 Charg¢ for lh¢ year At 31 Marth 2024 60.301 28.120 46.282 134,703 60,301 28.120 46.282 134.703 N¢t Book Value At 31 Marth 2023 At 31 March2024 323,375 323.375 323,375 323.375 The fr¢ehold property 1$ subject to a ¢harge from Waltham Forest Health Authority. 2024 2023 10 Debtors Trnde debtors Prepayments Income Tax Recoverable 20,094 8,346 25 28,465 30,931 7,216 25 38.IT2 15 Notes To AttO￿tt*s Year Ended 31 Mxrth 2024 ii. Cr¢Jltors: Amount5 fallingdue TrYithiR one year 2021 20 Tra(k Creditors Paye artd So¢ial Security Accruals 1.136 6.610 7.746 2500 2.500 IZ. RestTieted FuAds Balafttt nent in Resources at l April 2023 Balante Year at 31 Mar¢h Itxoming (hjtgoing AdiustNMt 2024 Ge￿al Fwidillg Respite Hom¢ Clients. Holidays Equiptn¢nl PU￿h￿ and PropErty Repair5 Fixed Assets 113,126 174.022 3.604 16.895 6.290 30,683 170.598 174.022 175,136 112.012 16,895 6.290 30.683 169.484 175.136 Restricted funds repT¢sent funds retrived for sprcific purp05¢& Any balance at the year elld is coJDmitted and will te used for the s8me purrM)s¢ irt th¢ follomng y¢ar. AS sholvn in not¢ 13. at 31 m￿Ch 2024, th¢r¢ 5uifLCl¢titcash resour￿5 lo tne¢t the teqMir¢ments of the fimd. 13. AllAIysi5 Of Lyet Assets Between Funds Rr5ttithd Unt¢5tricted Designated Tolai 138,801 30.683 169,484 11,250 292.692 303.942 Jo,( 200.051 323.375 523,420 Fixed Assets 50.000 De5ign#ted Fund This is a filnd set up to ￿er the costof ¢losittg the ¢lwty if it ¢V¢T becomes nrr¢ssary. 14. Related Party D15dD5ure5 There are no related partytransactlonsforthe year ended 31 March 2023 IS L¢gg1 status of Ihe ¢harity The charity 13 a company limikd by gu￿11￿ and has share capital. In the event of the charity ing wound Ihe liability in r¢spe£t ofthe guarantet is limited to £1 ￿ memb¢rofthe charity 16. Corporation TAX Th¢ Ch￿lty is exempt from l&x on Incon￿ and gains r￿lIng lyithin scctioTr 505 oFlhcTaxc5 Act 1988 or section 252 of Taxation of Chatgcablc Gain5 Act 1992 to the extent that these are applied to its charitable activities. 16