THE PEACE MOVEMENT Charity Number: 1123497 Unaudited Trustees. report and financial statements For the year ended 31 March 2025
The Poace Movement Charlty No 1123497 Table of contents Section Page Reference and Administrative Details of the charity. its Trustees and Advisers Report of the Trustees Independent Examiner's report to the TTuslees of Th8 Peace Movement statement Of Financial Activities fsoFA") Balance sheets Notes to the financial statements 9-17 Pag• No 1 0117
The Peace Movement Charity No 1123497 Reference and adminlstrative details Charity Number 1123497 Registered office Suite 1- 4 1 Queensgate Centre Orsett Road Grays Essex RM17 5DF Accountants Sodavlc & Assoclates 193 Sixth Avenue London E12 5PT Principal Bankers Barclays Bank Pl 39 Threadneedle Street Branch London EC2R 8AU Trustees The Trustees who held office during the year and since year end were as follows: Lanre Joda Gloria Olujobi Bamidele Abibu Abiodun Oyedeji Olaitsn Pag• No 2 of 17
The Peace Movement Charity No 1123497 Report of the Trustees for the year ended 31 March 2025 Th8 Truste8s are pleased to present their report together with the unaudited financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance wilh the accounting policies sel out in notes to the accounts and comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities= Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published on 16 July 2014. Structure, Governance and Management The Church is constituled under the church governing document and is also registered with the Charity Commission with charity registration number 1123497. The management of the charity is the responsibility of the Truste8s who are co-opted under the terms of the governing documents of the church. There w8re no changes in the Board of Trustees during the year ended 31March 2025. Objective5 and Activities The objectives of the charity include.. The advancement of the Christian Religion and Faith for the benefit of the public Th8 furtherance of charitable works and the purposes of the charity for the benefit of the publSc Gommunily as the Trustees may decide from time to time. These objectives are pursued by the operation of a Centre for Christian worship at ils premlses at Queens Gate Cenlre, Grays and by programs of events aimed at reaching out to the un-changed together with a range of community-cantered projects. Strategles Strategles for achlevlng the objectlves: The church's strategie5 for achieving its objectives were: Organisation of seminars in the church with proven speakers and minislers ofthe faith to guide members on aspects of the Christian faith. The Trust has organised local community centres to bring local cohesion and wh8r8 p8aple of different background can in various ways feel part of Ihe local community. The Peace Movemenl has a food bank arrangement thal provides food forthe community especially for those who are Struggling in these present economic limes. The trust provides a food bank for members of the church going through hardship. The food bank supplies are free to the beneficiaries and include a range of items from dry foods to basic provisions. Thurrock Kitchen is also one of the community projects of The Peace Movement. This project operates a soup kitchen, run by volunteers and members ofthe church, which provides free hol meals and drinks for individuals sleeping rough on the slreels and homeless individuals and the destitute in the community. The Trust has embarked on new initiatives that alleviate personal poverty and improving individual ability to conlribule to the national economy bytraining, encouraging education and enhancing skills.to become employable and also start businesses. The Trust also supports other charilies with aligned goals. Thé Trust presently supports a charity that houses homeless 16~ 18-year-old who are displaced for various reasons. Page No 3 of 47
The Peace Movemont Charity No 4123497 Report of the Trustees for the year ended 31 March 2025 Achlevements and Performance The charity continues to yield tremendous results with an increased rate in the number of converts in line with ils Statement of Faith as stated in its governing documents. Activities that promote and advance the Christian faith were embarked upon with the view of reaching a wider audience and enhancing its charitable obligations. The charity also continues to provide financial support to other charities operating within its objects. The charity branch in East London started in January 2018 is now a thriving flagship, achieving gradual giant Strides within the local community. Flnanclal Revlew Incoming resources were £655,473 during the y8ar to 31 March 2025 (2024: £477,366)- R8sources expended were £549,943 (2024: £556,151). The nel expenditure for the yearwas a surplus of £105,530 (2024., £78,785 deficit). Unrestricted reserve at 31 March 2025 was £448,445 (2024.. £342,915), while restricted reserves remained at £49,703 (2024: £49.703). Publlc 8eneflt The Trustees are aware of their responsibilily to ensure that the activitl8s and objectives of the Trust are charitable and benefit the public. In setting objectives and planning aclivities. the Trustees have given careful consid@ration to the Charity Commission's guidance on the public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit. The Peace Mov8m8nl though a religious Charity. has core community-based projects and outreaches that are focused on benefiting the public and its Immediale communily. Reserves Pollcy It Is charity po5icy to maintain reserv8S that will permit it to maintain and grow its activities for the Purpose of enhancing over time, ils ability to meet ils charitable objectives. To Ihat end, the Trustees seek to ensure thal there are sufficient net cuent assets to support working capital with reserves to meet current liabilities, and to afford reasonable protection to the organisation in the context of current and anticipated levels of activity, commitments, risks and exposures to changing economic conditions. This will enable the Charity to be in sound financial position, to continue lo meet ils financial obligations and also be positioned lo continue to deliver ils charitable objects on the longer term. Charity cash balances at the balance sheet date stood al £99,553 {2024.' £72,431) and unrestricted reserve at the balance sheet date wa5 at £448,445 {2023.' £342,915). The charity considers this position satisfactory in light of Ihe decision to wholly own rather than lease under long term operating contracts. Donatlons Policy The Trustees seek to optimise charitable donations in a way consistent with the staled reserves policy and subject to there being sufficient cash and liquid resources available to support the charily ongoing busine5S. Rlsk Management The Trustees have assessed the major risks to which the charity is exposed, in particular Ihose related to the operations and finances ofthe charity and are salisfied that systems and procedures are in place to mitigale exposure to the major risks. Page No 4 of 17
The Peace Movement Chanty No l 123497 Report of the Tru5tee5 for the year ended 31 March 2025 statement of Trustees responslbllltles 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 Accounling Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financi21 slatements for each financial year which give a true and fair view of the slate of affairs of the charity and of its incoming resources and application of resources. including its income and expenditure, for that period. In preparing Ih8se financial statements, the Trustees are required to= select Suitable accounting policies and then apply them consistently., make judgements and accounting estimates thal are reasonable and prudent. slate whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in business. The Trustees are responsible for keeplng adequate accounting records thal a sufficient to show and explain Ihe charity's transactions and disclose with reasonable accuracy al any lime the financlal position of the charity and enable them lo ensure that the financial statements comply with Ihe Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable sleps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Lanre Joda Gloria Olujobi Date: Dale.. Ib loi [1 Page No 5 of 17
The Peaco Movement Charlty No 1123497 Independent examlner's report to the Trustees of The Peace Movement ("the charity ) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025. Responslbllltles and basls of report As the Trustees of the charily. you are responsible for the preparation of the accounts in accordance with the requirements of Ihe 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 The ch8rity's gross Income exceeded £250.000 and l am qualified to undertake the 8xamination by being a member of The Chartered Institute of Managemenl Accountanls. I have completed my examination. I confirm that no material matters have come to my attention In connection wilh the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charily 8s required by section 130 of the Charities Act., or 2. the accounts do not accord with those records,. or 3. Ihe accounts do not comply with the applicable requirements concerning Ihe form and content of accounts Sel out in the Charilies (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 8nd have come across no other matter8 in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to b8 reached. This report is m8de solely to the ch8ri1y'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 stale to the charity's Trustees those matters l am required to slate to them in an independent examiner's report and for no other purpose. To the fullest extenl permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charily's Trustees as a body. for my work or for Ihis report. Solomon Joseph-Aklnsanya Sodavlc & Assoclates 193 Sixth Avenue London E12 5PT United Kingdom Page No 6 of 17
The Peac• Movement Charity No 1123497 Statement of Financial Activities for the year ended 31 March 2025 Note Unrestrlcted Funds Year ended 31 March 2025 Restricted Fund$ Year ended 31 March 2025 Total Funds Year ended 31 March 2025 Total Funds Year ended 31 March 2024 Income: Income from Charitable ac11vit$ Donations and legacies Church operatsons 417,783 93,338 417,783 93,338 349,621 55,527 Other income 144.352 144,352 72,214 Investment income Total Income 655473 655,473 477 366 Expenditure: Chaiilable activities (549,943) 1549,943) 1556,151) Totsl expenditure 549,943 549 943 556 151 Net Incomellexpendlturel 105,530 104,530 178,7851 Transfer lo reseNes Net movement Sn funds 105,530 105,530 178,785) Reconciliatlon of funds: Fund balances as al 1 April 342,915 392,618 471,403 Fund b41ance$ a$ at 31 March 498,148 392,61B All ol Ihe above results are derived from continuing active5. There were no gains or losses other than those reported above. The notes on pages 9 to 17 form part of these financial statements. Page No 7 of 47
The Peace Movement Charlty No 1123497 Balance Sheet as at 31 March 2025 Note 31 March 2025 31 March 2024 Flxed assets Tangible assets 616.766 613,511 616,766 613 511 Current assets Debtors Cash al bank and in hand 10 31,221 99,553 130 774 1,624 72.431 Creditors.. Amiyjnls falling due within one year 11 {33,979) {58,486) Net current assets 15,569 Total as8et8 le8$ ¢uffent liabllltles 713,561 629,080 Creditors: Amounts falling due after one year 12 1215,413) {236,4621 Net asset8 498 148 392 618 Funds Unrestricted general funds Resliicted funds 13 13 448,445 49,703 342,915 49,703 Total Funds 498,148 392 618 The financial statements were approved by the Council on.......... on its behalf by.. 2026and signed Lanre Joda Trustee Date: The notes on pages 9 to 17 form part of these financial statements. Page N¢ 8 of 17
The Peace Movement Charity No 1123497 Notes to the flnancial statements for the year ended 31 March 2025 PrinGlpal ac¢ountlng pollcles The financial statements relate to the year ended 31 March 2025. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements= 1.1a Basis of preparatlon and consolldatlon The financial statements have been prepared in accordanc8 With the Charities SORP {FRS 102} Accounling and Reporting by Charities= Stalement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effectiv8 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} publlshed in October 2019 rather than the Accounting and Repotling by Charities: Slatemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Peace Movement meets the definition of a publlc 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. 1.1b Golng concern The financial statements are drawn up on the golng concem basis which assumes the charity will continue in operational existence for Ihe foreseeable future. The Trustees assess whether the use of going COern is appropriate i.e. whether there a any material uncertainties related to evenls or conditions that may cast significant doubt on the abillty of the Charily to continue as a going concern. The Trustee's make the assessment in respect of a perlod of al least one year from the date of approval for issue of the financial statements and have concluded that no material uncertainties Ihal cast significanl doubt about the ability of the charity to continue as a going concern have been identified, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. The charity's activities, together wilh the factors likely to affect ils future development, performance and position ale set out in the Trustees, ReFrfM on pages 210 5. The financial position of the charity. its liquidity position are described in the primary financial stalements on pages 8 to 9. In addition, notes 1 to 16 in the financial statements include.. the charily's objectives, policies and processes for risk management. The ongoing Cost-of-Living Crisis driven largely by high inflation is one of the main issues currently afflicting UK and the world economy. Vthilst it is difficult to evaluate th any certainly the potential outcomes on the fijture activities of the charity. the Trustees have a reasonable expectation Ihal the charity has adequate resources lo conlinue in operational existence for the forese8abl8 future, taking into consideration the Charity's level of reserves and actions already laken. Page No 9 of 17
The Peace Movement Charlty No 1123497 Notes to the financial statements for the year ended 31 March 2025 Accountlng policies (contlnued) 1.2 Fund accounting The general fund is an unrestricted fund which is available for use al the discretion of the Trustees in furtherance of the general obj'ectives of the charity. Restricted funds are available for use only for the specific purpose specified by the donor or grantor. 1.3 Incomlng resources Income is included in the statement of financial activities (SOFA) when the charity is legally entitled to the income, it is probable thal the income will be received and the amount can be quantified with reasonable accuracy. Granls received are recognised in ftjll at the point when the Charity becomes entitled to such funds. This income is recognised in full although spend may be over differing flnancial periods. The balance of income received for specrfic purposes but not expended during the period is shown In the relevant funds on the Balance sheet. INhere income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. There entitlement occurs befor8 income is received, the income is accrued. Donated services or facilities are recognised when the charity has control over th8 Item, any Conditions associated wilh the donated item have been met, Ihe receipt of economic benefit from th8 Use of charily of the item is probable and that economic benefit can be measured reliably. In accordance with the Charilies SORP (FRS 102), the general volunteer time is not recognised. On receipt, donaled professional SeiceS and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain seNices or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure In the period of receipt. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Income tax recoverable In relation to investrnent income is recognised at the time the investment income is receivable. Olher income is recognised in the period in which il is receivable and to the extent the goods have been provided or on compleb'on of the service. 1.4 Expendlture and support Costs Expenditures are accounted for on an accrual basis, recognised once there is a legal or constructive obligation to make a payment to a third party, probable Ihat settlement will be required and the amount of the obligation can be reliably measured. Irrecoverable element of VAT is included with the item of expense to which it relates. Costs which are directly attributable to charitable activities are recorded against those aclivities. Costs which are not directly attributable to charitable activities, and which are not governance costs are termed support costs. Support costs are allocated to charitable actlvitie5 on the 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. All expenditure is inclusive of irrecoverable VAT. Page No 10 of 17
The Peace Movement Charity No 1123497 Notes to the flnancial statements for the year ended 31 March 2025 Accounting policies (continued) 1.5 Governance costs Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the slrategic management ofthe charity. Governan costs are allocated to charitable activities based on the activities total direct costs. 1.6 Tanglble flxed assèts and depreciatlon Depreciation is provided evenly on cost to write off fi'xed assets (over £1,000) to their estimated residual values over their 8xpected useful lives. Where there is evidence of impairment, fixed assets are written down to recoverable amount. The principal annual rates are.. Freehold property Furniture, fittings & equipment Computer equipment Motor vehicles Leasehold improvements 25% 33% 33% Over the primary lease term Where a tangible asset has been acquired to deliver a specific and designated project which may have a term less than the above rale periods, the asset is depreciated over the shorter life term of the project. 1.7 Penslons The charity operates a defined contribution pension scheme and the pension charge to the SOFA represents the amounts payable by the charity to the fund in respect of the year. 1.8 Leased assets Rentals payable under operating leases are charged to th8 SOFA on a straight-line basis over the life of the lease. 1.9 Interest recelvable 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 inslilution with whom the funds are deposited. 1.10 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offer8d. Outstanding debts are reviewed for recoverability according to age and specific circumstances. Provision is made to the exlent that debts are deemed to be irrecoverable. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.11 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investmenls with a short maturity of three months or less from the dale of acquisilion or opening of Ihe deposit or similar account. Pag• No ql of 17
The Peace Movement Charity No 1123497 Notes to the flnancial statements for the year ended 31 March 2025 Accounting pollcles (continued) 1.12 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the setllement can be reliably estimated. Liabililies are recognised at the amount that the charily anticipates it will pay to setti@ the debt or the amount it has received as advanced payments for the good5 or seNices it must provide. Provisions are measured at the best estimate of the amounls required lo setlle the obligation. wnere the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-lax discount rate thal reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 1,13 Flnanclal 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 transaclion valu8 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. Page No 12 of 17
The Peace Movement Charity No 1123497 Notes to the financial statements for the year ended 31 March 2025 Analysis of income Unrestrlded funds 2025 Total funds 2025 Total funds 2024 Donations Church operalions 417.783 93,338 417,783 93,338 349,621 55,527 511,121 511,121 405,148 Rental income Intere51 rece¢vable 144,352 144,352 72,214 655473 655,473 477,366 Analysls of expendlture unrtrted funds 2025 Total funds 2025 Total funds 2024 Actwilies undertakg directty Support ¢osts Govemancè costs 362,205 183.837 3,901 362,205 183,837 348,557 200,504 7,090 S49,943 549,943 556 151 Analysis of dlrect expendlture Chur¢h opèratlon8 2025 Total fund8 2025 Total fund$ 2024 Staff costs Rents, rates and semce ch&ges Conference and 5eminar5 Thanksgiving Charitable donations Honorar1M Hospilalily Media. advertisetnent and promolion Musician expenses Manse expense Transportation 87,608 114.790 44,676 11,667 3,4(NJ 22,825 11,986 1,140 62,687 87,608 114,790 44,463 11,667 3,400 22,825 12,066 1,140 62.776 73,750 99,240 33,050 9,372 6,116 17,400 14,233 4,779 71.584 18,000 1,033 1,426 1.426 362,205 362,161 348 557 Page No 13 of 17
The Peace Movement Charity No 1123497 Notes to the financial statements for the year ended 31 March 2025 Analysls of support costs Church operations 2025 Total funds 202S Total funds 2024 Communication and IT expenses Light and heal Repairs, mainlenance & cleaning Insurance Training Legal & prolessional lees Subscriptions Admini51ralive & office expenses Building security Depreciation Mortgage interest and bank charges 4,187 61,981 45,955 2,082 594 11,662 3,995 22,268 1,734 7,435 21,944 4,187 61,981 45,955 2,082 594 11,662 3.995 22,268 1,734 7.435 21.944 5,169 73,456 38,360 8,531 126 700 6,124 37,022 1,596 6,949 22.471 183 837 183837 200 504 Governance costs 2025 2024 Independent examiner lees A¢untan and olh8r services 2,500 1,401 2,50 4,590 3,901 7,090 Staff costs The average number of employees calculated on a full-time equivalent basis was.. 2025 2024 EmF4oyees The staff costs in respect of the above employees were.. 202S 2024 Wages and salaries Staff bonus Social security costs Pension conlributions 76,716 66,000 5.000 770 1,980 8,806 87,608 73,750 No employee received remuneration amounting to more than £60,000 in either year. Page No 14of 17
Tho Peace Movement Charlty No 1123497 Notes to the financial statements for the year ended 31 March 2025 8 Trustees. remuneratlon and expenses During the year, no remuneration or benefit was paid to any of the Trustèes (2024,, £Nil). During the year ended 31 March 2025, no expenses were reimbursed or paid directly to any Trustee (2024 - £Nil). 9 Tanglble flxed asset8 Fixtures Computer Office & Equlpmenl Equipment Fltl5ngs Motor vehlcles Premises Leasehold cost Property Total Cost Al l April 2024 Additions 235,631 1.562 7,200 180,775 615,022 1,040,190 9,240 449 10,689 Al 31 March 2025 244,871 2.011 7,200 180,775 615,022 1,050,879 Depreclatlon Al1 April 2024 Charge lor Ihe year 230.290 6,110 1,030 681 7,200 180,775 7,383 616 426,678 7,435 28 Al 31 March 2025 236,400 1,711 28 180,775 7,999 434,113 Net book value At 31 March 2025 8,471 300 972 607 023 616,766 Al 31 March 2024 530 530 607,640 613,511 10 Debtors 2025 2024 Prepaym8nts and accrued inGome 31,221 1,624 31,221 1,624 11 Credltors - amounts falling due withln one year. 2025 2024 ank loan5 Trade credilors Other laxalion and social security Other credilors Accruals arKI delerred income 18,322 17,154 27,094 1,407 5,266 7.565 3,292 2,616 9,749 33,979 Notes to the financial statements Pago No 15 of 17
The Peace Movem•nt Charity No 1123497 for the year ended 31 March 2025 12 Credltors- amounts falling due after one year. 2025 2Q24 Bank loans 215,413 238,462 215,413 236 462 Included wlthln the above are amounts falllng due as follows: 202$ 2024 Between one and two years Bk loans 16,886 15,994 Between two and live yearn Bank loans 41,778 Over flvè years Bank loans 155,404 178,690 13 Charlty Funds - movements In the year Balance 1 April 2024 Income Expense Balance 31 March 2025 Geneial lund Reslrrcled funds 342.915 49,703 655,473 1549,943) 448,445 49,703 392,618 655,473 {549,7091 498,148 14 Analysls of funds The group's net assets belong to the various funds at 31 March 2025 as follows.. - Tanglble fixed Cuirent Current Long Temi asset$ Illabllltles) {liabilitie$> Net asset8 General fund Reslricled funds 616,766 81,071 49.703 {33,9791 1215,413) 448,445 49,703 616,766 130,774 33,979 215,413 498,148 Pagg No 16of 17
The Peace Movement Charity No 1123497 Notes to the financlal statements for the year ended 31 March 2025 16 Pension commltments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charged lo the SOFA represents conlribulions paidlpayable by the charity to the fund. At Ihe balance sheet date, amounts totalling £463 (2024.. £440) were payable lo the fund and are included in creditors. Related party transactlons During the year, no payment was made lo any of the Trustees (2024.. £Nil and there are no outstanding balances owing betW88n relaled parties and the Gharity at 31 March 2025. Page No 17 of 17