Cygnus Support Limited (A company limited by guarantee and not having a share capital) Company No.. 5987640 Charity No: 1119121 RF.PORT AND ACCOUNTS for the ycar ended 31 m￿rch 2025 PEEK PRACTICE LTD Amble orthumberland CYGNUS SUPPORT LIMITED CONTENTS Page CompAny Information Management Commfittee's Annual Re￿rt Statement of Management Commlttee's Responsibilitles Indtpendent ExAmlners Report Consolldated Statement of Flnanclal Actlvltles Balance Sheet 10-14 Note5 to the Accounts CYGNUS SUPPORT LIMITED COMPANY INFORMATION CORPORATtON: The companywas incorywai&lundertheCompanies Act 1985, in England and Wales, on 3 November 2006, and the registered number is 5987640. OFFKCERS: C Telford D Quinn K Hussain B (yray (appointed 218t November 2024) REGISTERED OFFICE.. I Council Road Ashington Northumberland NE63 8RZ BUSJNESS ADDRESS: I Council Road Ashington NiTrrthumberland NE63 8RZ ACCOUNTATr￿s Peek Practicc Lid 4 Bridge Sti'c¢t Ambl Norihumb¢i'land BANKERS: Lloyds Bank plc Bliindford Place 6 Markct Place Blanford P.oruin Dorset DTI 17EE (i) CYGNUS SUPPORT LIMITED TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees submittheir annualreport andunaudited financial statements for th¢ year ended 31 March 2025. The trustees have adopted Ibe provisions of the Companies Act 2006 and the Statement of Recommended Practice (SORP) "Accountingand Reportingby Charities.. Statement of Recommended Practice applicable to charities preparing theiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" effective l January 2019. STATUS The company is limited by members guarant¢e and does not have share capital. GOVERNING INSTRUMENT AND CONSTITUTION The company TS governed by its Memorandum and Articles of Association. PRINCIPAL OBJECTS The principal objects of the company are as follows',- To preserve and protcct the good physical and mental hcaLth of children, women and men. and I'o advance the education of such ch7ldren, women and men about All matters con¢erntng thetr health. REVtEW OF PROGRESS Chair't• introduction Cygnus Suppoit Xll4irkcd it.% 40th Birthday this yearhavingori8inally st￿'te￿ out as the Womcn'% Health AdviGc Cenlre (WHAC) backin l ){ 84. In 1986. WHAC moved into I Council Road where the main Cygnus Support office 1.% still located lo this date. As th¢ name suggests, WIIAC was Originally a serviLe just tor women. By 2009. to celebratc WHAC'S 25th ATJniversary, u spccial rcport was comiiiissioned. Tli¢ rcport found that over 2,500 wom¢n had r¢Leivcd Lounsclling %uppoit. dnd d fuither 5,(K)O had b6encnrollcd in on¢ of th¢ nuny courses uffcrcd by Ibe s¢rvicc. As the yeai's wentby, WEL4C continued lo expand. aiid Ihc number of client5 Steadily increased. The support o.ffLf W&1% al80 cxpanded to include services for mcn and children too. To r¢tl¢cl this, WHAC was offiLially rebranded as Cygnus Support back in 2016. The overall dims and objectives of C'ygnus remain much the sarne as WHAC, and we now provide support to more people th￿1 ever bcforc, rcgardless of gender and/or ag¢ groups. tn fact, 2024-2025 has bccn our busiest year ever. The team delivcred a further year of incredible impact: Counselling 1,221 clients refenrd for counseliin& which is higher than in any previous year and 1.50/D more than last year. 1,188 clients received individual assessment and couns¢llAng 5e5sions, which is higher than in any previous year and 5.4010 mol'e than last year. 5,639 indiviaual assesstnent and COU￿￿ellIng sessio￿9 offered, whi¢h is higher than in any previous year and 16.8 % more than last year. Social prescribing 1.31 O patients supported, add￿sSingnon-rn￿lcaI issue5 that may impact on theiT health & wellbeing, that's 79Yo higher than target. (2) CYGNUS SUPPORT LIMITED TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Thiswas all possibledespite the challengin8backdropof the continuingeostof living crisis, which many of our clients told us adds to theirstress, thereby negatively impacting their mental heaitlL The most vulnerable people continue to be disproportionately affected, and in Northumberland there are often extreme ineqllalities with pockets of deprivationwh¢￿ communities are at high risk compared lo otherparls of the Northeast and UK. This also has a polenlially negative inipact on our.staff. and we continue to offer a supportive and flexible working environment that is tailored to meet their indivith]al needs and helpsthem overLome tliese challenges. Unsurprisingly, demandfor our counsellrngsetvices remains veryhighand,whilsl waiting times can vary fTom on¢ &ervic¢ to another. overall, despiteour suLcL'*4o4 thjs year, we have again seen significant increases in the number of peopl¢ waitin& and on waiting-time duration. It is within this context that we seek to make our counselling and mental health and wellbeing services as accessible as possible, and workwith partners to identify and close gaps to ensuTe that community needs are met. Provision of'free accessible counselling Northumbcrland-wide remains a cornerstone of our work, and our coun.%cllingand wider services are tailored lo mect individual n¢eds. Th AS nieans wc continue to dcliver via a blended dpproach that incorporatcs facc-t(Fface and rcmote OP¢ionq via telephone and digital platforni. Whils¢ we havc seen an in¥reas¥ in up(&kc of faLe-to-face sessiuns this yedr. the rel￿0(¢ options ihat W¢ Illlliiilly dcvcloped in response lo thc Covid pandemic, remain very popular wilh clients whu appreciate thc addilional flexi bility and accesbibility. Wc dcv¥lvped a rungc of ncw cross-se£tor community partncrshipty Und initiatives to impruve choice and access lo lieallh and wcllbeing support. We wcrc grateful for the continued .%upport of our fundeTS includTrng.' Thc Northeast & North Cumbria Inlegrated Care Board for whom we vuntiiiued to d¢liver Ihc Trailblazcri YoungPeoples Mcntal HeAlihAwareness RaisingProjec¢ d Cyeneral Loun8ellii)g Scrvice, and a Bereavement Support ServiLc oft¢ring Counsclling and Group Work. Thc Officc of Police& Crime C.ornmissioncr, Ministry ofJusliceandNorihumberland County Council who h(IVC tunded our DDmeqtic Abuse Counselling ServiLes and our ¢ontribution to the Northumberland Integrated Domestic Abuse Partnership. Dukcq School for whLlln we provided a dedicated school counsellor, andwith whomwe explored ways to expand into widcr comrnunity support and wcllbeing work. Wansbeck Primarycare Network with whom we workcd in a collaboration thatcontitiue5 to grow. and which funded our Wansbeck Community Wellbeing Man¢igcr and TeÉim of 5 Social Prescribing Community Link Workers. The National Lottery Reaching Communities Fund which increased our capacity to support volunteers and gTow ourvolunteer team and thcir subsequent irnpact. We were grateful for the continued support of our funders inGluding- UK Shared Prosperity Funded (UKSPF). via The North of Tyne Combined Authority" as a partner in the Solid Foundatioi)sProject, w¢ delivered counselling and Coaching as part of a suite of activities aimed at overcoming inequalities and improving access to Sustainable training and employment. (3) CYGNUS SUPPORT LIMITED TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 tn addition, we were success￿] in securing new gTants and commissions from a range of funders including: Northumberlatkd County Council who provided short-term UKSPF funding for our Mental Health & Wellbeing Volunt¢eringpiloL offering counselling andcoaching for vulnerable people that bridged the gap a¢ transition into sustainable post compulsory education and WOTk. Donations received from several other souwes including Community Foundation. Reeds Grass Roots and local community membeTS, all helpedto join up ours¢rviceofferingand close gaps and enhanced our support effoi'ls for young pcople. As we look forward, we are preparing for the changes to the Statement of Recomm¢nded Practice (SORTr) for cliarities that will be iiitroduc¢d fron12026. Whilst s￿(al valuc, sustainability, and supported volunteering are alrcadyat thc hcartof our (Ipproath,tb¢r¢ is alwaysmore thdtcdnbe donc, L￿d l am leading thc Trustee Board and delivery teams to ensure our early Lompliance with all of th¢ new standards. Deliveryof our serviceis entirely depcndcnt on our talented and committed tearn of staff and volunteers. We currently employ twenty-one paid stat't. across leader¥hip ¢ind counselling roles, including full dnd part time roles. We also regularly worked with three Associate Counsellors and were supported by fifteen Volunteer Counsellors. threc uf our volunteers secured paid cmployrnent this yCdT as part uf uur Counselling Team. Functions including HK IT, aiid Finance remain outs'ourced lo specialist partners with whom we have ¢sldblish¢d r¢laliun%hip&+. Thc Board tsf Tru.stecs continued to ensure thatthc charity applied for funding frum grant-makin¥ b(IdiLS that nieel with our strate8LL objcctivc.4 and ¢haritsbleaims. Our Board of Truslea4 rcnyin&l steadfa%t volunteer5. We continue to seekto rcLruit dddition¢il Trustees tobroaden th¢base ot knowI￿ge andexperienLe and were lucky cnough to rccruit Susan Jenkins who is in th¢ process of becoTning a full T￿Stee. Susan has a wcalth of experienLL gained a¢ro.8s thc h¢altli sector in operÉltional and seniorleadership roles and will bc an asset to our org*ini54ltion. Finally, I wuuld likc lo sinccrely thank all our staff. voluntccrs, trustees &ind partners who worked with Cygnus Support to cnablc anothcr successful year of impact for comtnunilic.8 across Northumberland. REVIEW OF RESULTS AND RESERVES The surplus/(deficit) for the period ha5 been debited to reserves as follows,. 2025 2024 Unrestricied fjJnds Restrictcd funds 17259 6,545 27,632 1,962 23504 29.594 Total Teserves Ca￿led forward at 31 March 2025 are.. Unrestricted funds Desiglated ￿ndS Undesignated funds 33,711 131207 20,537 127,122 l64,918 40272 147,659 33,727 Restricted funds 205,190 181,386 (4) CYGNUS SUPPORT LIMITED TRUSTEES ANNUAL REPORT (contd) FOR THE YEAR EM)ED 31 MARCH 2025 RESERVE POLICY The trustees policy is to establish unrestricted reserves sufficient to cover rnrlning costs for several months ahead. and the emph&sis is on a continual process of careful financial management, and to invest reserves to optimise income wherever possible. Research into future means of generating unrestricted reserves will also continue. POLICY FOR MoN￿ORING AND REV]EW The level of reserves will be monitored along with the on-going financial affa(rs of the organisation on a monthly basi4 supplemented by annual Tcviews to ensure the overall level of rcscrvcs continues to meet the needs of the organi5ation. The above report has been approved by the Trust¢¢s and signed on it's bchalf. K Hussain l8 November 2025 (5) CYGNUS SUPPORT LIMITED STATEMENf OF MANAGEMENT COMMJTfEE'S RESPONStBILITIES FOR THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustee&,who are also the directors of CygrLUS Support Limited for the purpose of company law, are responsible for preparingthe Report and the financiAI statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the tn￿tee$ to prepa￿ accountsfor each tinancial year which give a true and fair view of the state of affai￿ of the compdny as atthe end ofthdtyearand of the surplus or defiLituf thecompany for that period. In preparing those accounts the trnstees are required to.. select suitable accounting policies and then apply them consistenily; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been tollowed. iv) btate whether applicablc statements of recommL'ndcd practice have been followed. and prepare the &ccounts un thc &￿ing￿li1￿cern basis unle.ss it i.s inupprupriate lo presume tlial the company will continue its activities. The IrustcLs are rcsponsiblc forkeeping proper accounting records which di%clo%e with rea%onable accuracy at dny time the tin(IllLia] po%ition ofthccompany and which en¢iblethem to ensure thai the accountb comply with Llit CnmpaniLs ALI 2006. They arc also resiionsible for safcguarding thc asseLs of ihe organisation and hence foj. takiiig rc&sonable step,$ for the prevcntion and dctCLtion of fraud and otber irrLgularitie.s. Approved by the trustees on 18 November 2025 and.sign¢d on its behalf by: K Hussain {6) INDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF CYGNUS SUPPORT LIMITED FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity tnLStees on my exarniiiation of the accounts of the company for the year ended 31 March 2025. which are set out on pages 7 to 13. Responslbilities basls of report As the charity's trustee8 of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordancL Wlth the requiTements of the Companies Aci 2006 ('the 2006 Acl,). Havingsatisfied my8elfthattheaccounts of the company are not requircd to be audited under Part 16 of the 2006 ALt and arc eligible forindependent examinalion. Ireport in respect ofmy examination of your charity's accounts as carried out uadcr section 145 of the Charilic% Act 2011 Iihe '2011 Act.). Jn Larrying out my examination I have followedthe DireLtions wven by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent exAmiDer's report Since the company's gross income exLeLdcd £250,000 your cxaminer must be a mcmber of a body listed in seLtion145 of thc201 l Act. Iconfirni that l am qualified to undertakc Ihc cxamination bccau.se l am ¢1 rncmber of ICAEW, which is onc of the ITSted bodies. I havc completed my examination. Iconfirnithat no mattershavecomc to my attention in connection with the exainination giving me CÉiuse to belleve: accounting r¢cordswcrc notkcpt in respect of thecompany as rcquiredby section 386 of the 2006 Act,. or the accounts do not ÉlCLord with those accounting rccords. or the accounts do not complywiih thc accounting requircmcnts of section 396 of the 2006 Act other Iliaii any requiremeni ihat ihe accounts ￿ve a'true and fair, view whiLh is not a matter considcrcd as part of an independent examination. or the accouncs have not be¢n prep4ired in accordancewiih the nieihods ¢indpTiociples of the Sialemenl of Recommended practice for accounting and reporting by charities lapplicable to charitits preparing their aLLounts in dc¢ordan¢e with the bin&inLldil R¢porting Standard applicable in th¢ UK and R¢public ol. Ireland (FRS 102)1. I have no concerns and have come acTOSSnO Other matters in connectionwith the exarninationto which attention 8hould be di'awn in this report in order to enable a proper understanding uf the accounts to b¢ reached. PoknTrJ) Gcdum3bJ Patricia Grahamslaw ACA Peek Practice Lta 4 Bridge Street Amble NE65 ODR Date.. 18 November 2025 (7) CYGNUS SUPPORT LIMITED CONSOLIDATED STATEMENf OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account and Statement of Tot¥41 Recognlsed Galns and Losses) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Funds Restricted Funds Total 2025 Total 2024 tNCOM]NG RESOURCES Incoming resourcesfrom generaled]unds Donations and small grants Aclivities]orgeneraring]unds 3.595 3,595 8.785 Trading operations Renial income Interest received 287,711 12,139 1,058 287,711 12,139 1,058 227,368 8,520 954 Inconung resources]rom charitable activities 389.481 389.481 308,390 TOTAL INLOMtNG RESOIIRCES 304503 389.481 693,984 554,017 RESOURCES EXPENDED C08ts of generating funds Govemance costs 283J75 3,869 382,936 666Jll 3.869 520,130 4,293 'ro'i'AL RBS'OURCF.S EXPF.NDFD 287244 38?,936 670,180 524,42.3 N.ET iNcOM￿GI0￿G0INGj RESOURCF,S EIF,FORF, T￿NsFERs 17259 6.545 23004 29,594 TRANSFER BETWEEN FLfNDS NET MOVEMENT ]N FUNDS 17259 6,545 23,804 29,954 Reconciliation offunds TOTAL FUNDS BROUGHT FORWARD 47,659 33,727 181,386 151,792 TOTAL FUNDS CARRIED FORWARD 164918 40272 205,190 181,386 The statement of financial activilics includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. (8) CYGNUS SUPPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2025 Note UnrestrictrA Funds Restricfrd Funds Total 2025 Total 2024 FIXED ASSETS CURRENT ASSETS Debtors Cash at bank and in hand 22,035 172210 22,035 212,482 123.937 104,471 40272 194245 40272 215503 228,408 CREDrroRS: Amounts falEing due within one year 29J27 29327 47,022 TOTAL ASSETS LESS CURR￿ LIABTLrt'lES 164918 40272 205,190 181,386 CREDITORS.. Amounts falling due af￿r n￿rC than onc yL*r NET ASSETS 164,918 40272 205,190 181,386 TOTAL FUNDS l(A918 40272 205,190 181,386 Forthe financial year ended31 March 2025 the company was entitled to exemption from audit under section 477 ofthe Companies Act2006 rclatingto.small companies. No member has deposilcd a notlLe* pursuant to section 476, requiring an audit of these accounts. Directo￿, Tesponsibi]ities: The directors acknowledge theirr¢sp)n5ibilities for ensuring that the company keeps accounting records which comply with section386of the Act andfor preparing accounts which give a true and fair view of the state of affairs of the Company as at thc end of the financial year and of its incoming resources and application of resources, including its &ncom¢ and ¢xpcnditur¢, for Ihe financial year in accordance with Ihc requirenients. of sections 394 and 395 and which othcrwisecomply with the requtranents of the Coinpanies Act 2006 relating to accounts, so far a5 applicable to the company These financial statements have been prepared in accordance with the special provisions relating to small con4)anies within Part 15 of the Con]panies Act 2006 K Hussain 18 November 2025 Company Registration Number 5987640 (9) CYGNUS SUPPORT LIMITED NOTES TO THE ACCOUNrs FOR THE YEAR ENDED 31 MARCH 2025 MEMBERS, LIABILrrY The organisation is a company limited by guarantee and not havinga share capital. The companyis limited Tn that everymembcr undertakesto contribute such amount. not exceeding £ I, as maybe requjred inthe evenlofthe company beingwound up while he or sheis a member, orwithin 12 months aftenvards, towar¢lsthecost of dissolution and the liabi]ities incuTred by the company while the contributor was a member. ACCOUNTENG POLICIES The principal a¢countingpolici&s aresummarized bclow. The accountingpolici¢s have been applied consistently Ihroughout the year and in thc preceding year. Basis of Accounting The accounts are prepared in accordance withapplicable ac¢ountingslandards in accordance with the Slalemenl ofReLommended Practicc - Accouiiting and Reporting by Charitie5 issued in July 2014, applicable UK Accounting Standards. FinanLial Rcportin&y Standard for SmalleT Entities (ctfcctivc January 2019) and the Conipaniet* Act 2006. Lncorning resources All incoming rcsourccs arc includ¢d in tlic Slalemcnl of Financial ALtivilies wh¢n th¢ Charily is entitled to the inconie and the &mounl can be quunlTfied with reasonable aLL'uracy. Tl)e folluwing 5peLifiu poliLieb life dppl i¥d lo parliLular CuIt5 in the payment being unavvidable. Costs of generating ￿lld8 arethose costs incurred in attractingvoluntsry incorne, and those incurred in trading activities thilt raise funds. Governance ¢ostsincludetho¢% incurted in the governance of its assets and %r¢ primarily associated with constitutioiial and statutory requirements. Support COStsinclude central functionsandhave been allocated lo activity cost categories on a basis consistentwith theuse of resource8 e.g. allocating offic¢ property costs by floor areas, rnanagenient and human resources costs by the number of staff, and fiiiance and IT costs by work done. (io) CYGNUS SUPPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 2. ACCOUNTING POLICIES Fixed assets Depreciation is provided on each asset over its effrctive working life so as to write off that asset to its estimated r¢&lizff ble v&lue. The rates of depreciation charged are.. Equipment and fixtures 3 year straight line Cashflow Statement The companyhas taken advanlage of theexemptson contained in Financial Reporting Standard I from producing a cashflow s¢#t¢m¢nl on the grounds that it is a small company. 3 tNCOMtNG RESOURCES Unrcstrictcd Funds Restricted Funds Total 2025 Total 2024 Voluntary income Donations and small grdnts 3,595 3,595 8,785 3,595 3,595 8,785 Trading op¢rutiuns Course ftes S.IA fees I'raining iiicom¢ Miscellaneous income 287,710 287.710 227,368 287,710 2%7,710 227,368 tere5t receivable Bank interest receivable 1,058 1.058 954 1.058 1,058 954 Incoming resouKes from charitable activitles 389,481 389,481 308,390 (i i) CYGNUS SUPPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 hIARCH 2025 RESOURCES EXPENDED Unrestricted Funds Restricted Funds Total 2025 Total 2024 Costs of generating funds Project Costs Staffing costs Travelling cxpenses Staft trnining Office running costs Volunl¢ers cost¥4 Equipn)ent costs G¥n¢ral expenses Dcpreciation 51,667 209fi￿) 2,920 777 8.269 6,546 2,269 1,237 74204 308.732 I25,871 518,422 2.920 777 8269 6,546 2,269 1,237 49,928 474.464 6,571 8.282 5,171 245 283J75 382936 666311 520,130 Governance Losls Profe&%ional fees Bank chargves 3,615 254 3,615 254 4,029 264 3,869 3,869 4,293 STAFT COSTS AND NUMBEPS Duringthc fmancial year the company had a maximum of16 employees and their remuneration was made up as follows:_ 2025 2024 Salary* pension and national insurance 518.422 474,464 No employee received emoluments of more than £60,000 (12) CYGNUS SUPPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 FtXED ASSETS Equipment and Fixtures Total Cost As at l April 2024 Additions in the yeaT 1,243 1.243 As at 31 March 2025 1,243 1,243 Depreciation As at l April 2024 Charge for the year 1,243 1,243 As at 31 March 2025 Net book valu¥ As at 31 Marrh 2025 Nct book value As at 31 MurLh 2024 2025 2024 7. Db.BTORS Trade debtorJ Prepayments 21319 716 122,703 1,234 22,035 123,937 CREDITORS.. amounts falling due within one year Trade ¢￿dItorS Accrued charges 1,550 27,777 11.884 35,138 29327 47,022 (13) CYGNUS SUPPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMEbrr OF FUNDS At l April 2024 Inconr EX￿ndItU Trxnsfer At 31 Mar 2025 DesI￿ated reserves Undesign2ted reseTves 20537 127,122 13,174 (13,174) 33.711 I31,207 304503 287244 TOTAL LfNRESTrICED FUNDS 147,659 304503 287244 164,918 At l April 2024 Incorne Ex￿nd1￿￿ At 31 Mar 2025 Rustriclcd funds Community Chcst- North of Tyne COVLD 19 Capacity Project Morrison bounddtivn Screwtix Fi￿nd￿tion NEICP Be You Northumbcrland Trailbldzer Project Ministy of Ju.%lice DAISV Lummunity Fund The National Lotiery Comnyunity Fund ThL Officc of the Noi'ihumbria Police & Crimc Comini88ioner- ￿ppor1lng Victims Fund North F.ast and Norih Cumbria Integral¢d Care Board - BLrCave￿nI Counsclling North East and North Lumbria Int¢￿ated Carc Board - Counselling NTCA UKSPF Solid Foundations 793 297 489 304 297 2,3111) s,￿0 23389 51J84 35,400 48570 2.700 23J89 49.790 34,(K)8 44,797 13.086 14,680 1,392 12,268 8,495 30,000 21,042 8,958 9,461 51384 60345 1,595 51?84 92970 53,053 92970 73 TOTAL RES'TRICED FtTNDS 33,727 389,481 382936 40,272 I O. REMUNERATION OF MANAGEME￿ COMMtTTEE There was no reniunerntion, or otherbenefit) paid to the board of directors, or people connected with them, in the financial year ended 31 March 2025. I I. RELATED PARTY TRANSAcfIoNS Therewere no transactions undertaken by, or on behalf of the company, in which a member of the board of directors or connected person had a rnaterial interest, during the financial year ended 31 March 2025. (14)