Charity registration number 1125895 (England and Wales) Compary re81stratlon number 05813570 APPLEBY SPORTS CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
APPLEBY SPORTS CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrFJPotts Mrs E Taylor Mrs J 8urge55 Mr A Birtles (Appointed 27 October 20241 (Appointed 10 November 20241 Secretary Ms K Chester Charlty number 1125895 Company number 05813570 Independent exarnlner Davld Andrew Llddle 8A (Honsl, FCA Clo Salnt & Co 4 Mason Court Glllan Way Penrlth 40 8uslness Park PENRITH Cumbria CAII 9GR
APPLEBY SPORTS CENTRE LIMITED CONTENTS Page Trustee5' Report Independent examIneS report Ststement of financlal octlvltle5 Balance sheet Notes to the flnanclal statements 9-15
APPLEBY SPORTS CENTRE LIMITED TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 JULY2024 The trustees present their annual report and financial 5tstements for the year ended 31 July 2024. The f in?nclal statements have been prepared in accordance with the accounting pollcles set out in note I to the financlal statements and comply with the charity'5 memorandum of association, the Companles Act 2006 and "Accountlng and Reportlng by Charities.. Ststement of Recommended PractSce applicable to charlties preparing thelr accounts In accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. Objectives and artlvltles Summary oAthe objerts set out In the governlng do¢ument The charlty's purposes as set out in the objects contained in the Company's memorandum of assoclatlon are to., benefTt the public by Improvlng the health, general well-belng and social circumstances of the people of the area by healthy recreatlon through sport. The alms of the charity are to establish a Sports Centre offering sport, reCatIOnal and le15ure facillties to the community in the Eden District Council area, and in particular the area in and around Appleby-In-We5tmorland. How our ortlvltles dellver publlc beneflt All our charltable a¢tlvltles focus on belng able to offer affordable facllltles to all age groups and Indlvldu31s wlthln the area, including primary and secondary school chlldren, and the elderly and dlsabled. These are undertaken wlth a vlew to furtherlng our charitable purposes for the public benefit. Publlc beneflt The trustees have paid due regard to 8uldance Issued by the Charlty Commlsslon In decldSng what actlvltles the charlty should undertake, Achlevements and performance Slgnlflcont octlvltles ond ochievements agoinst objertives Yet another year gone and it has been a difficult year. Flnancially much poorer due to the runnlng c05ts for the Sports Centre Gas bllls and Damage. We have yet agaln had problems wlth the Heatlng and one boller has now been d15connected. As In prevlous years the drains contlnue to block up probably because the deslgn dld not allow for the type of use expected of them. These dralns are particular cause for concern as it is becoming apparent that we will have to spend a considerable sum to permanently cure the problems. We have not yet decided to do this work and we wlll continue to buy in contractors to keep the sewage water flowing. I have written about thi5 for the last five years, it 15 just a5 relevant now a5 then. The management team are stlll worklng well and have contlnued to develop new courses and events. Karen and jordan are major strength especially when deallng wlth cllents. The reduction of use by Appleby Grammar School are stlll paying a reduced rate of £16.000. With the new development plan for Appleby Grammar school we expect slgnlfScant changes. The car park for Appleby Sports Centre will move to the side of the building. Hopefully this will not affect the sports hall too much. Unfortunately, after a perlod of ill health John Welr sadly passed away In November 2024. His input and expertlse wlll be greatly missed. We have appointed two new trustees, Alastair Birtles and Joanne Burgess.
APPLEBY SPORTS CENTRE LIMITED TRUSTEES. REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 COMMUNITY USAGE A5 In the previous year the numbers of local people attending sports and exerclse sessions has just about plateaued out, so we are continuing to consider our offer and how we can develop other activities and market them to the local population. The plateauing out 15 caused by our lack of capaclty in rooms etc. available for hire. We have shown that when we develop new activities people come to them. We have a continuing problem in flndlng 5Ultably qualified people to run and 5upervi5e activities. The Sports Centre has contlnued to be used seven days a week. Once agaln this is due to the commitment shown by the Karen and Jordan. We have had a slgnlflcate response from Crlcket In the Eden Valley on weekends and are now full. We have developed a range of holiday sports sesslons. These covered many sports actlvities and were aimed mostly at the younger ages. They took place In the school holldays and went on throughout the day for two to three days a week. Durlng very little of thls took place. khool use of the centre is stlll from nine am until five pm in the term tlme. We are developing the weekends whlch have traditlonally been slow. The 8adminton Club have brought in county badminton and other competitions and Cricket is attending through the winter months. Jordan has also been working wlth 8olton Prlmary School to help them wlth afterschool clubs and PE Sesslons. These Sesslons are pald wlth Fundln8 from Westmorland and Furness, The Sp¢rt5 Centr Appleby Football has continued to develo its links with the A leby,Te is Club. We erers Inetballl and Our relatlonship A IVITIES RUN Netball, Badmint Tennis, IIÈY. Flnanclal revlew Our bank balance slts at a healthy £41,49712023 - £36,913). The increase In bank balance is attrlbuted to the balance of creditors owlng at the year end. The unrestricted reserves slt at £24.902 compared to £38,402 In the previou5 year.
APPLEBY SPORTS CENTRE LIMITED TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Reserves policy It is the policy of the charlty that unrestricted funds which have not been deslgnated for a specific use should be maintalned at a level equlvalent to between three and six month's expendlture. The trustees conslder that reserves at this level will ensure that, In the event of a slgnificant drop in fundln& they wlll be able to continue the charity's current activitle5 whlle consideration is glven to ways in whlch additional funds may be raised. This level of reserves has been maintained throughout the year. It Is the policy of the charlty to maintaln unrestrlcted funds, which are the free reserves of the charlty to enable them to guard agalnst shortfall and to cover them for contingencie5. Mojor rlsks The trustees have examined the malor strategic, buslness and operatlonal rlsk5 which the charlty faces and conflrms that systems have been establlshed to enable regular reports to be produced so that necessary steps can be taken to le55en these risk5. Structure, governance and management Leo01 Stotus It Is a company Ilmlted by gu8r3ntee and as such, does not have a share capltal. Every member undertakes to contrlbute such amounts as may be requlred Inot exceeding £1) to the company's assets if It should be wound up whilst he is a member, or wlthin one year after he cease5 to be a member, for payment of the company's debts and Ilablllties contracted before he ceases to be a member, and of the costs, charges and expenses of wlndlng up, and for the adlustment of the rlghts of the contr orles among themselves. Gove g do¢ument Sports Centre Limited Is an Independent reglstered charlty governed by its memorandum and artlcles of association May 2006. Appl date Thet ustee5, who are a150 the dlrertors ft)r the purpose of company law, and who served durlng the year and up to the date of signature of the flnanclal statements were., MrFJPott5 Mr M Stephenson Mrs E Taylor Mrj Swelr Mrs J Burgess Mr A Blrtles (Resigned 10 November 20241 (Deceased 12 November 20241 IAppointed 27 October 20241 (Appointed 10 November 20241
APPLEBY SPORTS CENTRE LIMITED TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Recruitment ond oppointment of trustees Any member ofthe Company may nomlnate a memberofthe Management Commlttee. Thè company may by ordinary resolutlon appoSnt a person who is wllling to act to be a member of the Management committee either to flll a vacancy or 05 an additional member of the Management Committee. The Management committee may appolnt a person who is willing to oct to be a member of the Management Committee, either to f ill a vacancy or as an additlonal member of the Management Committee, provided that the appoSntment does not Cause the number of members of the Management Committee to exceed the maxlmum number of the members of the Management Commlttee. A member of the Management Committee so appointed shall hold office only until the next following annual general meetlng. Slhe shall vacate offlce at the conclusion thereof. Subject to the artlcles of the company, all members of the Management Commlttee wlll retlre In rotatlon, each year, over a 3 year perlod. Members newly appointed wlll retlre at the point that the member they are replacing, would have retired. All retiring members moy stand again for re-election. From tlme to time the Management Committee wlll review the retlrement rotstlon and may adlust It. Trustee Indurtlon ond troinlnq New Trustees are Shown a copy of the Charlty's Artlcles of Assoclatlon and advlsed on the policyi procedure and responsibilities of the Charlty under the Charltles Act. Organisotionol structure The Trustee body, conslstlng of three trustees representin8 various communlty or user groups, Is responslble for the running of the sports centre. The management group. which consists of the trustees and some Invited user grtsup representatives, meets every other month to d15CU55 011 matters connected wlth the running of the 5POrts centre. An executlve Flnance & Planning gTOUP, consisting of at least three trustee5 (chairman, vlce-chalrman and treasurer) and the centre manager, also meet every other month alternate to the month of the meeting of the management group. Matters requlrlng further investlgatlon or monitorlng as a result of the management meetlng are gone through. Details are fed back to the next mana8ement group meetlng. The sports centre manager reports regularly to both the management group and the exe¢utlve group. Remuneratlon policy The Trustee5 consider that the Board and the Senior Management Team comprlse the key management personnel of the Charity in charge of directing and controlling, runnlng and operating the Charity on a day to day basis. All Trustees give of thelr time freely and no Trustee recelved remuneratlon or reimbursement of expenses during the year. The pay of the senior staff is revlewed annually and are subject to affordabilityi job evaluation and necessary market adjustment.
APPLEBY SPORTS CENTRE LIMITED TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 The Tru5tees' report report was approved by the Board of Trustee5. MrFIPotts MrA Blrtles
APPLEBY SPORTS CENTRE LIMITED INDEPENDENT EXAMINER'5 REPORT TO THE TRUSTEES OF APPLEBY SPORTS CENTRE LIMITED I report to the trustees on my examination of the flnanclal ststements of Appleby Sports Centre Limited (the charity) for year ended 31 July 2024. Responsibllltles ond basls of report As the trustees of the charity land also its dlrectors for the purposes of company lawl, you are responsible for the preparatlon of the flnanclal statements In accordance wlth the requlrements of the Companles Act 2006. Havlng satlsfsed myself that the financlal statements ol the charlty are not requlred to be audited under Part 16 of the Companies Act 2CKJ6 and are eligible for Independent examinatlon, I report In respect of my examination of the Charity's flnanclal statements Carrled out under sertlon 145 of the Charitles Act 2011.1 n carrylng out my examSnatlon I have followed the Dlrectlon5 glven by the Charlty Comm1551on under sectlon 14515llbl of the Charlties Act 2011. Independent examlner's ststement I have completed my examlnatlon. I conflrm that no matters have come to my attentlon in connectlon wlth the examination glvlng me cause to belleve that In any materlal respect- accountlng records were not kept in respect of the charlty as requlred by sectlon 386 of the Companles Act 2006. the f inancial statements do not accord with those records,. or the financial statements do not comply with the attountlng requlrements of sectSon 396 of the Companies Act 2006 other than any requirement that the flnanclal statements 8Sve a true and farr view, which Is not a matter considered as part of an Independent examlnatlon,. or the financSal statements have not been prepared in accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by charities appllcable to charltles preparlng theSr financial statements In a¢¢ordan¢e wlth the Financial Reportln8 Stsndard appllcable the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters In connectlon wlth the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the financlal ststements to be reached. Davld Andrew Llddle FCA Clo SaSnt & Co 4 Mason Court Glllan Way Penrith 40 BLtslness Park PENRITH Ibknlb Cumbria CAII 9GR Dated..
APPLEBY SPORTS CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2024 Unrestricted funds 2024 Unrestricted funds 2023 Note5 Income from: Donations and le8acles Charltable actlvltles Investments 200 35,806 31,620 377 Total Incorne 31,997 36,006 Expenditure on: Charltable actlvltles 45,497 43,113 Total expendlture 45,497 43,113 Net expendSture and movement In funds 113,5001 17,1071 Reconclllatlon of funds: . 4S,509 38,402 iture derlve
APPLEBY SPORTS CENTRE LIMITED BALANCE SHEET ASAT31 JULY2024 2024 2023 Notes Flxed assets Tangible assets 12 438 603 Current assets Debtors Cash at bank and In hand 13 3,642 41,497 6,629 36,913 45,139 120,67SI 43,542 15,7431 Creditors: amounts falllng due wlthln one year 14 Net current assets 24,464 37,799 Total assets le55 current Ilabllltles 24,902 38,402 The funds ofthe ¢horlty Unrestricted funds 16 24,902 38,402 24,902 38,402 The company is entitled to the exemptlon from the audlt requlrement contalned In sectlon 477 of the Companies Act 2006, for the year ended 31 July 2024. The directors acknowledge their responsibilitSes for complying wlth the requirements of the Companie5 Act 2006 wlth respect to accountlng record5 and the preparatlon of financlal statements. The members have not requlred the company to obtaln an audlt of its flnanclal statements for the year in questlon in ccordance with sectlon 476. These financial statements have been prepared In accordance wlth the provlslons appllcable to companles sublect to the small companies regime. The flnancial statements were approved by the trustees on 1115 2D>J MrFJPotts MrA Birtles Company registration number 05813570 (England and Wales)
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 Accountlng policles Chority infomiatlon Appleby Sport5 Centre Limited is a private company limited by guarantee incorporated In England and Wales. The registered office is 1.1 Accounting conventlon The financial statements have been prepared in accordance wlth the charlty's governlng document, the Companles Act 2006, FRS 102 'The Flnanclal Reporting Standard applicable In the UK and Republic of Ireland" I'FRS 102.1 and the Charltles SORP "Ac¢ountlng and Reportlng by Charltles: Statement of Recommended Practlce applicable to cha rltles preparing their accounts In accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective I january 20191. The charSty is a Publlc 8enefSt Entlty as deflned by FRS 102. The charity has taken advantsge of the provlslons In the SORP for charltles not to prepare a Ststement of Cash Flows. The financlal statements are prepared In sterling, which is the functional currency of the charlty. Monetary amounts In these flnanclal statements are rounded to the nearest £. The financial ststements have been prepared under the hlstorlcal cost conventlon. The prlnclpal accountlng pollcles adopted are set out below. 1.2 Goln8 conum In te nts the trustees. h son ble ectatlon that the charl ecific..condltion5 b ono.r:s o ran ors,asto h. ey.may. be 1.4 Income Income Is recognlsed when the charlty Is legally entitled to It after any performance condltlons have been me( the amounts Can be measured rellablyi and It Is probable that income will be received. Cash donatlons are recognlsed on recelpt. Other donatlons are reco8nlsed once the charlty has been notlfled of the donatlon, unless performance condltSons requlre deferral of the amount. 1.5 Expendlture Expenditure Is recognised once there is a legal or constructlve obligation to transfer economic benefit to a third party, It is probable that a transfer of economlc benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activlty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direttly to that activity. Shared C05ts which contribute to more than one actlvity 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. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciatlDn and any impairment losses.
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accountlng pollaes (Contlnued) Depreciation 15 recogni5ed 50 as to write off the cost or valuation of a55ets le55 their residual values over thelr useful lives on the following bases.. Plont and equipment Flxtures and fittlngs 20% Straight Line 20% Stralght Llne The galn or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrylng value of the asset, and is recognlsed In the statement of flnancial actlvltles. 1.7 Impalrment of flxed assets At each reportlng end date, the charlty revlews the carrylng amounts of Its tanglble assets to determlne whether there Is any Indication that those a55ets have suffered an impairment loss. If any such Sndlcatlon exlsts, the recoverable amount of the asset is estimated in order to determine the extent of the impalrment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equ6valents Include cash In hand, deposlts held at call wlth banks, other short-term Ilquld Investments wlth origlnal maturitles of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In current Ilabllltles. 1.9 FSnan¢l•l In#ruments The c Financ pply the provisions of Section 11 '8aslc Flnanclal Instruments, and Sectlon 12 '0ther f FRS 102 to all of its flnancial Instruments. Financ prov151 8nised In the charlty's balance sheet when the charity becomes party to the contractual Finant legallv the asset an are offset, wlth the net amounts presented in the financlal 5tstements, when there Ss a i@eable t off the recognlsed amounts and the is an intentlon to settle on a net basis or to reallse settle the Ilabillty slmultaneou51y. 8asl¢flnundol assets Basic linancial a55ets, whlch Include debt0 and cash and bank balances, are Snltlally meaSUd at transactlon price Includlng transactlon costs and are subsequently Carried at amortised cost usin8 the effective Interest method un less the arrangement constitute5 a fino nclng transaction, where the transactlon 15 measured at the present value of the future receipts discounted at a market rate of Interest. Financlal as5et5 classified as receivable wlthln one year are not amort15ed. 8a5icAlnanclql liabilities Basic financial liabilities, Includlng creditors and bank loans are initially recognised at transaction price unless the arrangement constitute5 a fina ncing transactlon, where the debt instrument 15 measured at the present value of the future payments discounted at a market rate of Interest. Financial liabi litie5 classified as payable wlthin one year are not amort15ed. Debt instruments are subsequently carrled 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 the effective interest method. 10-
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accountlng pollcies {Contlnuedl Derecognltlon oAAinancial Ilabilltle5 Financial liabilities are deretognised when the charlty's contractual obllgations expire or are discharged or cancelled. Crltical accountlng estlmates and judgements In the application of the charity's accountlng pollcles, the trustees are requlred to make judgèments, estlmates and assumptions about the carrying amount of assets and Ilabllltles that are not readily apparent from other sources. The estlmates and assocSated assumptlons are based on historical experlence and other factors that are consldered to be relevant. Actual results may dlffer from these estimates. The estimates and underlylng a5sumptlons are reviewed on an ongolng basls. Revisions to accountlng estlmates are recognlsed in the perlod in which the estimate is revised where the revlsion affects only that perlod, or In the period of the revlslon and future periods where the rev151on affects both current and future perlods. Income from donatlons and legacles Unrestrlcted funds 2024 Vnrestrlcted funds 2023 Donatlons and 8lfts 200 Income from charltable actlvltles Unrestricted funds 2024 Unrestrlcted funds 2023 Charltable artlvles Charltable rental Income 31.620 35,806 Income from investments Unrestricted funds 2024 Unrestricted funds 2023 Interest receivable 377 11
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Expendlture on charftable activlties Charltable Activities 2024 Charltable Actlvltles 2023 Dlrect costs stsff costs Depreclatlon and Impalrment Operation of a sports centre 22,668 165 19.714 425 21,494 21,732 44,327 41,871 Share of support and governance c05t51see note 71 Governance 1,170 1,242 45,497 43,113 Analysls by fund Unrestrlcted funds 45,497 43,113 Support costs allocated to artlvltleg 2024 2023 Governance costs 1,170 1,242 Analysed between: Charitable Actlvltle5 1,170 1,242 Net movement In funds 2024 2023 The net movement In funds 15 Stated after charglng/lcreditingl.' Fees payable for the independent examinatlon of the charity'5 financial statements Depreciation of owned tangible flxed assets 1,170 165 920 425 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charitv during the year. 12-
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 io Employees The average monthly number of employees dur5ng the year wa5: 2024 Number 2023 Number Sports Centre Staff Administration Staff Total Employment Costs 2024 2023 Wages and salarles 22,668 19,714 There were no employees whose annual remuneratlon was more than £60,000. Remuneratlon of key management personnel Key management per50nnel include all persons that have authorlty and responslbllity lor plannlng, dIttIng and controlling the activities of the charity. The total compen5atlon pald to key rnana8ement personnel for servlce5 provlded to the chaflty was £7,69212023 - £7,824). li Taxailon The charlty 55 exempt from taxatlon on Its activitles because all Its income Is applled for charltable purposes. IZ Tan8Sble fSxed a55ets Plant and •qulprnent FIxtu$ •nd ffttln8s Total Cost At l August 2023 4,151 78,765 82,916 At 31 July 2024 4,151 78,765 82,916 Depreciatlon and Impalrment At l August 2023 Depreciation charged in the year 3,548 165 78,765 82,313 165 At 31 July 2024 3,713 78,765 82,478 Carrylng amount At 31July 2024 438 438 At 31 July 2023 603 603 13-
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 12 Tabvdlble flxed assets IContinu*dl 13 Debtors 2024 2023 Amounts hlllng due within one yèar.. Trade debtors 3,642 6,629 14 Credltors: amounts falllng due wlthln one year 2024 2023 Other tsxatlon and soclal securlty Trdde creditors Other credStors Accruals and deferred Income 1,178 17,759 778 960 927 3,074 782 960 20,675 5,743 15 Retlrement beneflt schemes Defined contrlbutlon 5¢heme5 The charity operates a deflned contrlbutlon penslon scheme for all quallfylng employees. The assets of the scheme are held separately from those of the charity in an independently admlnlstered fund. Thè amount recognlsed In Incorre or expendSture a5 an expense In relation to deflned contrlbutlon plans was £218 12023.. £1671. 16 Unrestrlcted funds The unrestricted fund5 of the charity comprise the unexpended balance5 of donations and grants which are not 5ublect to Specific condition5 by donor5 and grantors as to how they may be used. These include deslgnated funds which have been set aside out of unrestrlcted funds by the trustees for specific purposes. At l August 2023 Incomln8 resources Resources At 31 July 2024 expended General funds 38,402 31,997 145,4971 24,902 Previous year: At l August 2022 Incoming resources Resources At 31 July 2023 expended General funds 45,509 36,006 143,1131 38,402 14-
APPLEBY SPORTS CENTRE LIMITED NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JULY2024 17 Related party transactions There were no disclosable related party transactlons durlng the year12023 nonel. 15-