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2025-05-31-accounts

Charity registration number 1120557

Company registration number 06329763 (England and Wales)

CHILDREN'S HEARTS UK

(FORMERLY THE CHILDREN'S HEART FEDERATION)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

CHILDREN’S HEARTS UK

(FORMERLY THE CHILDREN'S HEART FEDERATION) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

J S Wootton (Chair) R | Preedy (Treasurer) P M Willgoss (Vice-Chair) RL Craven KL Tomlin T D McCauley GR Armstrong (Appointed 7 July 2025)

Charity number 1120557

Company number 06329763 Registered office 24-28 Brockenhurst Road Ascot Berkshire SL5 9DL

Independent examiner Carpenter Box Amelia House Crescent Road Worthing West Sussex BN11 1RL

CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) CONTENTS

Page Trustees’ report 1-3 Statement of trustees’ responsibilities 4 Independent examiner's report ie) Statement of financial activities 6 Balance sheet 7 Notes to the financial statements 8-17

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CHILDREN’S HEARTS UK
(FORMERLY THE CHILDREN'S HEART FEDERATION)
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)
FOR THE YEAR ENDED 31 MAY 2025
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The trustees present their report and financial statements for the year ended 31 May 2025.

Children's Hearts UK (formerly the Children's Heart Federation until 22 January 2025) is a leading UK children's heart charity working to meet the needs of children and young people with congenital and acquired heart conditions (CHD) and their families. We are parent-led and pride ourselves on providing expert, direct and empathetic support.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Articles of Association, the Companies Act 2006 and “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)".

Objectives and activities

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Heart conditions are the most common defect present at birth in the UK. 1 in 100 children are born with a congenital heart
defect, 20-30% of which will require surgery within the fist year of life. Thousands more children will acquire a heart
condition in infancy each year.
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Our objectives are to provide recognition, research, and resources to support those affected by children's heart conditions. We work collaboratively with individuals and organisations to inform, inspire and improve the lives of children with congenital and acquired heart disease.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake to meet public benefit. The board has considered the criteria laid down within the guidance and believe that in all respects the charity fulfils those criteria in its day-to-day operations.

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Achievements and performance
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Our committed team, alongside our dedicated volunteers, continue to drive forward our vision: that every child with a heart condition has their medical and social needs met, enabling them to ive the fullest lives possible. Over the past year, our reach, influence and activity have continued to grow.

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* We undertook a comprehensive organisational rebrand to strengthen our contemporary relevance and accessibility
for the families we support, laying strong foundations to support heart families for generations to come.
® We continued to provide specialist, tailored support to children with heart conditions and their families and carers,
delivering detailed guidance on childhood heart conditions and associated lifestyle management through our
information sheets, dedicated support telephone service and in-person support.
® We hosted four in-person family activity days, creating safe and inclusive spaces for children with heart conditions
to build confidence, strengthen family bonds and develop vital peer support networks.
Alongside this, we delivered four online Coffee & Question events, enabling children, parents and carers to connect
with one another and have their questions answered by experts on key topics, including mental health for carers,
body image for young people with heart conditions, and Individual Healthcare Plans in school settings.
To support children and young people in managing their conditions safely at home, we provided specialist
equipment, including 30 INR machines.
® Our peer support network continued to thrive through the ongoing development of Pulse Parents, now supporting
349 parents and carers. This online forum is complemented sy monthly interactive question-and-answer sessions
with experts on topics most relevant to heart families.
We provided Molly's Dollies to 97 children with heart conditions, offering comfort, reassurance and a companion
throughout their heart journey.
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© We amplified the voices of children with heart conditions by representing them at eight conferences and summits
across the country, ensuring we remain informed about the latest advances, best practice and changes within
clinical care.
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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

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* Our influence also extended internationally, with attendance at two global conferences; the Global ARCH Summit
and the European Congenital Heart Disease Organisation (ECHDO) AGM, facilitating discussion on the
experiences of children with heart conditions in the UK with peers across Europe and beyond. This engagement
culminated in our trustee, Karen Tomlin, being elected President of ECHDO.
® We maintained an active role within national and local healthcare decision-making structures, participating as
members of the NHS Congenital Heart Disease Clinical Reference Group and the local Integrated Care Board
Patient and Engagement Forum. This ensured that the voices of children with heart conditions continued to inform
decisions about their care.
¢ Finally, we secured a place on the Executive Committee of the newly formed Congenital Heart Disease Research
Network. This pivotal role enables us to engage meaningfully with emerging research projects and uphold our
responsibility to advance the priorities identified through the CHD research priority-setting partnership in which we
previously participated.
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Financial review
The majority of our funds came fram companies and grant-making t-usts and foundations. We are also so grateful to
individuals and communities who contributed to our efforts, completng fundraising challenges and self-led activities. We
rely on all of these funders to make a difference to the lives of children with heart conditions and their families ard thank
them for their generous support.
Reserves policy
Itis the policy of the charity that unrestricted funds whicr have not been designated for a specific use should be
maintained at a level equivalent to three month's expenditure The trustees consider that reserves at this level will ensure
that, in the event of a significant drop in funding, they wil be able to continue the charity’s current activities while
consideration is given to ways in which additional funds may be raised. Unrestricted reserves at the year ended 31 May
2025 of £73,019 (2024: £123,185) exceeded the reserves policy and the trustees are looking to expand the charity's
capacity to deliver its existing services as well as developing new areas within the scope of its objectives. In addition to the
unrestricted reserves, the charity held restricted reserves of £89,299 (2024: £78,600) at the year ended 31 May 2025.
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Risk assessment

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The trustees have assessed the major financial and non-financial risks to which Children’s Hearts UK is exposed, along
with the systems, operating procedures and insurances in force, and are satisfied that systems are in place to mitigate
exposure to the major risks.
Plans for the future
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We will continue to centre our services on the needs anc lived experiences of children with heart conditions, and their parents and carers, ensuring their voices guide everything we do. Alongside this, we will share our expertise with policymakers and service providers, while maintaining our strong commitment to delivering direct, practical support to heart families. We will broaden our reach to families from diverse communities through inclusive and accessible information and communication technologies, and we will continually adapt our services to respond to the evolving and contemporary needs of heart families. Structure, governance and management Children’s Hearts UK is a charitable company limited by guarantee. Children’s Hearts UK is governed by the Board of Trustees with a broad range of experience and skills as well as knowledge of congenital heart conditions, including accountancy, nursing, diversity and inclusion. The Board is responsible for setting the strategic direction of the charity and the Chair is responsible for operational matters. The Board meets five times per year, with a focus on monitoring outcomes and strategic decision-making. The operational activities are delegated to the chief executive. The support given by the members of the Board has been invaluable and is very much appreciated.

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CHILDREN’S HEARTS UK
(FORMERLY THE CHILDREN'S HEART FEDERATION)
TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
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The trustees, who were also the directors for the purposes of company law, who served during the year were:

JS Wootton (Chair) R | Preedy (Treasurer} P M Willgoss (Vice-Chair) C M Stringfellow (Resigned 24 July 2025}

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Staff and volunteers

Children’s Hearts UK employs a small team of staff to deliver its services, supported by a team of skilled and committed volunteers. The Board of Trustees very much appreciate the tremerdous work done by our staff and volunteers.

Members

Children's Heart’s UK member groups are:

The trustees’ report was approved by the Board of Trustees.

R | Preedy (Treasurer} Trustee

Dated: 17 February 2026

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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 MAY 2025

The trustees, who are also the directors of Children's Hearts UK for the purpose of company law, 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).

Company Law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and othe” irregularities.

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CHILDREN’S HEARTS UK
(FORMERLY THE CHILDREN'S HEART FEDERATION)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHILDREN'S HEARTS UK
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| report to the trustees on my examination of the financial statements of Children's Hearts UK (the charitable company) for the year ended 31 May 2025.

Responsibilities and basis of report

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As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {the
2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charitable
company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out
my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of
the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act;
or
2 the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accountirg and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102).
| 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 financial statements to be reached.
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Robin Evans BA FCA CTA DChA
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Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
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Dated: 23 February 2026
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CHILDREN’S HEARTS UK

(FORMERLY THE CHILDREN'S HEART FEDERATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 2 89.959 46,856 136,815 95,407 83,331 178,738
Investments 3 4.478 - 4,478 3,861 - 3,861
Total income 94,437 46,856 141,293 99,268 83,331 182,599
Expenditure on:
Raising funds 4 29.945 - 29,945 33,500 - 33,500
Charitable activities 5 126.489 24,326 150,815 119,587 23,502 143,089
Total expenditure 156.434 24,326 180,760 153,087 23,502 176,589
Net income/(expenditure} (61,997) 22,530 (39,467) (53,819) 59,829 6,010
Transfers between funds
11 11.831 (11,831) - 525 (525) -
Net movement in funds
(50,166) 10,699 (39,467) (53,294) 59,304 6,010
Reconciliation of funds:
Fund balances at 1 June 2024 123,185 78,600 201,785 176,479 19,296 195,775
Fund balances at 31 May 2025
73.019 89,299 162,318 123,185 78,600 201,785

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with tre requirements for an income and expenditure account under the Companies Act 2006.

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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) BALANCE SHEET

AS AT 31 MAY 2025

2025 2024
Notes £ £ £ £
Current assets
Cash at bank and in hand 165,979 205,255
Creditors: amounts falling due within one 10
year 3,661 3,470
Net current assets 162,318 201,785
The funds of the charitable company
Restricted income funds 11 89,299 78,600
Unrestricted funds 12 73,019 123,185
162,318 201,785

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025.

Ihe directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 17 February 2026

R | Preedy (Treasurer)

Trustee

Company registration number 06329763 (England and Wales)

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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

Charity information Children's Hearts UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 24-28 Brockenhurst Road, Ascot, Berkshire, SL5 9DL.

1.1. Accounting convention The financial statements have been prepared in accordance with the charitable company’s governing document, the Campanies Act 2006 and "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 charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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1.2 Going concern
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At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The trustees have considered relevant information, including the impact of subsequent events, in making their assessment. Based on these assessments and having regard to the resources available to the entity, the trustees have concluded that there is no material uncertainty in relation to the appropriateness of continuing to adapt the gaing concern basis in preparing the financial statements.

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1.3. Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives
unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes
and uses of the restricted funds are set out in the nates to the financial statements.
1.4 Income
Income is recognised when the charitable company is legally entitled to it after any performance conditiors have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
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CHILDREN’S HEARTS UK
(FORMERLY THE CHILDREN'S HEART FEDERATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
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1 Accounting policies (Continued)
15 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 casts of each activity are made up of the total of direct casts 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 located on the basis of time spent, and depreciation charges are allocated on the portion of the
asset's use.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been al ocated to
activities on a basis consistent with the use of resources.
1.6 Cashand cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
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(Continued)
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1.7 Financial instruments The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest metrod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using tre effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

(Continued)

18 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 83.959 46,856 130,815 95,407 83,331 178,738
Legacies receivable 6.000 - 6,000 - - -
89.959 46,856 136,815 95,407 83,331 178,738
3 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 4,4/8 3,861
4 Expenditureonraisingfunds

3 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Otherfundraising costs 16,254 20,070
Staff costs 13,691 13,430
29,945 33,500

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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

6 Support costs allocated to activities

Support costs allocated to activities
2025 2024
£ £
Basis ofallocation
Staff costs Time spent 13,110 13,235
Staff training and welfare Time spent 247 1,342
Printing, postage& stationery Direct 686 3,579
Advertising & marketing Direct 10,591 11,124
Travel & accommodation Direct 8,199 4,237
Finance costs Direct 107 260
Rent& rates Direct 5,134 5,097
Insurance Direct 292 300
Depreciation Direct - 303
Othersupport costs Direct 2,125 1,811
Conferences and meetings Direct - 405
Governance costs 17,495 16,218
57,986 57,911
Analysed between:
Information and advice 13,705 12,891
Family support 13,705 12,891
Core 30,576 32,129
57,986 57,911
2025 2024
Governance costs comprise: £ £
Staff costs 7,891 8,115
Accountancy 3,504 2,982
Legal and professional - 29
Trustees expenses 3,154 1,803
Othergovernance costs 2,946 3,289
17,495 16,218

Governance costs include payments to the Independent Examiner of £3,504 (2024: £2,982) for the preparation and independent examination ofthe financial statemerts.

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits during the year. 6 of the trustees (2024: 7) were reimbursed travel expenses totalling £2,879 (2024: £1,803).

-12-

CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

8 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Charitable activities 3 3
Support 1 4
Total 4 4
Employment costs 2025 2024
£ £
Wages and salaries 88,913 85,688
Otherpension costs 5,991 6,096
94,904 91,784

The aggregate remuneration payable to key management personnel during the year, inclusive of social security and pension costs, was £61,140 (2024: £58,291).

There were no employees whose annual remuneration was £60,000 or more in the current or the prior year.

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 517 -
Accruals and deferred income 3.144 3.470
3,661 3,470

-13-

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CHILDREN’S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as ta how they may be used.

==> picture [420 x 386] intentionally omitted <==

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |At|1|June|2024|Incoming|Resources|Transfers|At|31|May|2025| |resources|expended| |£|£|£|£|£| |General|funds|123,185|94,437|(156,434)|11,831|73,019| |Previous|year:|At|1|June|2023|Incoming|Resources|Transfers|At|31|May|2024| |resources|expended| |£|£|£|£|£| |General|funds|176,479|99,268|(153,087)|525|123,185| |13.|_—|Analysis|of net|assets|between|funds| |Unrestricted|Restricted|Total| |funds|funds| |2025|2025|2025| |£|£|£| |Fund|balances|at|31|May|2025|are|represented|by:| |Current|assets/(liabilities)|73,019|89,299|162,318| |£3,019|89,299|162,318| |Unrestricted|Restricted|Total| |funds|funds| |2024|2024|2024| |£|£|£| |Fund|balances|at|31|May|2024|are|represented|by:| |Current|assets/(liabilities)|123,185|78,600|201,785| |123,185|78,600|201,785| |14|___—‘|Related|party transactions|

----- End of picture text -----

There were no disclosable related party transactions during the year (2024 - none).

-17-

This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.