2024-12-31-accounts

Charity registration number 1132694 (England and Wales)

ST. IVES FREE CHURCH (UNITED REFORMED) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Whitings LLP Raleigh House 14c Compass Point Buiness park Stocks Bridge Way St Ives Cambridgeshire PE27 5JL

ST. IVES FREE CHURCH (UNITED REFORMED)

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees E Edwards S Runham P Davies N Runham P German E Moore C Macleod H Ackroyd J Pike J Barnard J Dyke (Appointed 1 December 2024) S Surtees (Appointed 1 December 2024) Charity number (England and Wales) 1132694 Registered office Market Hill St. Ives Cambridgeshire PE27 5AL Independent examiner Amanda Newman, Partner Whitings LLP Raleigh House 14C Compass Point Business Park Stocks Bridge Way St Ives PE27 5JL

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ST. IVES FREE CHURCH (UNITED REFORMED)

CONTENTS

a
		Page
	Trustees’ report	1-2
	Statement of trustees’ responsibilities	3
	Independent examiner's report	4
	Statement of financial activities	5
	Balance sheet	6
	Notestothefinancialstatements	7-16

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ST. IVES FREE CHURCH (UNITED REFORMED)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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The trustees present their annual report and financial statements for the year ended 31 December 2024.

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 charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of treland" and the Charities SORP “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)".

Objectives and activities

As a local congregation of the United Reformed Church, (St Ives Free Church (United Reformed) charity seeks to advance the Christian religion through its activities and the facilities offered to the community by its building and described more specifically in its mission statement: "Providing for personal and public worship, enriching the spiritual and cultural life of the community. Providing a welcoming environment for all ages, responding to the needs of individuals and of groups, especially the most vulnerable in society, Promoting issues of global peace and justice including fair trade and ecology.”

Public benefit

The Elders’ Meeting is aware of the Charity Commissioner's guidance on public benefit in “The advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church".

• The Elders’ Meeting believes that the Church provides benefit to the public by: + Providing resources and facilities for public worship, pastoral care and spiritual , moral and intellectual development both for the congregation and for anyone who wishes to benefit from what the Church offers.

• « Promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole

• Activities The charity continued with its main activities providing regular public worship for all: + Promoting the Christian faith, teaching it to all ages; + Providing training, nature and activities for all children and young people; « Serving the community; + Giving Pastoral care and support to members and others in need, particularly those in sickness, distress and poverty;

• • Providing premises and resources for community groups and activities

We continue with our service and outreach to the community with the church being an integral part of the town centre along with the continued success of our coffee shop and the Fair Trade Shop. The church is open 7 days a week with daily services in the chapel. The premises are well used by diverse community groups.

The outreach to locat schools and promoting the Christian faith has been particularly successful this year and special services have been held for various youth groups.

Achievements and performance

. Significant activities and achievements against objectives Financial review Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

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; ST. iVES FREE CHURCH (UNITED REFORMED)

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TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

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Reserves policy

Unrestricted Funds: The Church will not hold less than one half if ite resources in investments for which the capital is not af risk.

.

The charity has generated a net deficit of ££41,103 (2023 - net deficit- £19,099) resulting in total funds at 24 December 2024 of £215,267 (2023 - £256,370,).

Sructure, governance and management

The trustees who served during the year and up to the date of signature of the financial statements were: E Edwards c Ball (Resigned 30 June 2024) & Runham P Davies N Runham P German E Moore H Ackroyd J Barnard J Dyke (Appointed 1 December 2024) $ Surtees iAppointed 1 December 2024) i McCormick (Appuinted 7 December 2074)

The trustees’ report was approved by the Board of Trustees. é é a Lio bh A

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ST. IVES FREE CHURCH (UNITED REFORMED)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

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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 Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that year.

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

~ select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

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ST. IVES FREE CHURCH (UNITED REFORMED)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. IVES FREE CHURCH (UNITED REFORMED) a |report to the trustees on my examination of the financial statements of St. Ives Free Church (United Reformed) (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

| report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. | 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 charity as required by section 130 of the Charities Act 2011.

• 2 the financial statements do not accord with those records: or 3. the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.

| 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.

Amanda Newnan F.C.A

Date: 2/1when baJASEa

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ST. IVES FREE CHURCH (UNITED REFORMED)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

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		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2024	2024	2024	2023	2023	2023
	Notes	£	£	£	£	£	£
Income from:
Voluntary Income	2	47,005	10,999	58,004	60,303	10,730	71,033
Charitable activities Investments	3 4	102,397 -	- 5,841	102,397 5,841	96,177 -	- 5,510	96,177 5,510
Total income		149,402	16,840	166,242	156,480	16,240	172,720
Expenditure on:
Charitable activities	5	173,812	-	173,812	162,123	-	162,123
Ministry and Mission		34,485	-	34,485	36,846	-	36,846
Ministerial costs	6	3,891	-	3,891	4,125	-	4,125
Total expenditure		212,188	-	212,188	203,094	-	203,094
Net gains/ (losses) on investments	9	188	4,655	4,843	2,374	8,901	11,275
Net income/(expenditure)		(62,598)	21,495	(41,103)	(44,240)	25,141	(19,099)
Transfers between
funds		16,840	(16,840)	-	16,240	(16,240)	-
Net movement in
funds		(45,758)	4,655	(41,103)	(28,000)	8,901	(19,099)
Reconciliation of funds:
Fund balances at 1 January
2024		110,420	145,950	256,370	138,420	137,049	275,469
Fund balances at 31
December2024		64,662	150,605	215,267	110,420	145,950	256,370

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

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ST. IVES FREE CHURCH (UNITED REFORMED)

BALANCE SHEET

AS AT 31 DECEMBER 2024

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|||||||| |---|---|---|---|---|---|---| |2024|2023| |Notes|£|£|£|£| |Fixed|assets| |Tangible|assets|17|37,363|38,338| |lnvestrnents|42|152,786|179,548| |Current|assets|190,343|217,886| |Debtors|3|4,621|8,560| |Cash|at bank and|in|hand|30,550|38,538| |35,774|48,178| |Creditors:|amounts|falling|due|within|one|14| |year|(10,247)|(9,634)| |Net current assets|24,974|38,484| |Total|assets|fess|current|Hebilities|218,287|256,370| |The|funds|of the|charity| |Restricted|income|funds|45|150,605|445,950| |Unrestricted|funds|46|64,662|110,420| |215,267|256,370| |The|3|(7 Ed.|9% atePa| |financial|statements were approved|by the trustees on AE,|ep|lint|a|AeKe|

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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1 Accounting policies

1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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

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

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

• 1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

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 notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions 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 charity 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 charity 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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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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• 1.5 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 costs of each activity 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 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 allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

• 1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% straight line Office equipment 6.66% straight line Computers 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

• 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/ (expenditure) for the year. Transaction costs are expensed as incurred.

• 1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

• 1.9 Cash and cash equivalents

• Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments The charity 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 charity's balance sheet when the charity 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.

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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1 Accounting policies

(Continued)

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 method 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 the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income from voluntary income

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2024	2024	2024	2023	2023	2023
	£	£	£	£	£	£
Offertory	31,689	-	31,689	35,184	-	35,184
Tax reclaimed on
covented giving	-	10,999	10,999	-	9,980	9,980
Donations and other
income	13,816	-	13,816	9,703	750	10,453
Eastern Synod grants	1,500	-	4,500	15,416	-	15,416
	47,005	10,999	58,004	60,303	10,730	71,033

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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3 Income from charitable activities

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||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |£|£| |Room|Hire|24,830|31,425| |Centre Activity|70,417|62,552| |Property|Rents|7,150|2,200| |102,397|96,177| |4|Income|from|investments| |Restricted|Restricted| |funds|funds| |2024|2023| |£|£| |Dividends|income|5,657|5,359| |Interest|receivable|184|151| |5,841|5,510|

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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5 Expenditure on charitable activities

		General	General
		2024	2023
		£	£
	Direct costs
	Staff costs	75,557	70,551
	Depreciation and impairment	3,136	3,318
	Cleaning	1,610	1,635
	Other and miscellaneous expenses	2,464	1,020
	Accountancy	2,301	1,640
	Postage and telephone	880	1,867
	Other running costs	595	964
	Stationery	1,440	1,723
	Catering purchases	17,110	20,651
	Gas, electricity and water rates	28,189	20,470
	Insurance	8,243	7,941
	Music licence	1,714	675
	Repairs and replacements	16,313	23,672
	Worship expenses	3,643	4,062
	Motor and travelling	263	1,809
	Legal and professional fees	5,360	-
	Website and IT costs	4,994	125
		173,812	162,123
	Analysis by fund
	Unrestricted funds	173,812	162,123
6	Ministerial costs
		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Housing costs	3,891	4,125
7	Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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8 Employees

The average monthly number of employees during the year was:

	2024	2023
	Number	Number
	11	11
Employment costs	2024	2023
	£	£
Wagesandsalaries	75,557	70,551

9 Gains and losses on investments

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2024	2024	2024	2023	2023	2023
Gains/(losses) arising on:	£	£	£	£	£	£
Revaluation of
investments	219	4,655	4,874	2,374	8,901	11,275
Sale of investments	(31)	-	(31)	-	-	-
	188	4,655	4,843	2,374	8,901	11,275

10 Taxation

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

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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11.	Tangible fixed assets
		Fixtures and fittings	Office equipment	Computers	Total
		£	£	£	£
	Cost
	At 1 January 2024 Additions	47,125 1,740	3,628 622	15,022 -	65,775 2,362
	At 31 December 2024	48,865	4,250	15,022	68,137
	Depreciation and impairment
	At 1 January 2024 Depreciation charged in theyear	11,018 2,659	1,427 448	14,992 30	27,437 3,137
	At 31 December 2024	13,677	1,875	15,022	30,574
	Carrying amount
	At 31 December 2024	35,188	2,375	-	37,563
	At31December2023	36,107	2,201	30	38,338

12 Fixed asset investments

		Listed
		investments
		£
Cost or valuation
At 1 January 2024 Valuation changes Disposals		179,548 4,874 (31,642)
At 31 December 2024		152,780
Carrying amount
At 31 December 2024		152,780
At 31 December 2023		179,548
	2024	2023
Investments at fair value comprise:	£	£
COIF Income shares M & G Charifund Cofunds Cash deposits	114,973 35,632 2,175 -	111,223 34,727 33,597 1
	152,780	179,548

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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13.	Debtors
		2024	2023
	Amounts falling due within one year:	£	£
	Trade debtors Prepayments and accrued income	3,424 1,197	6,783 2,797
		4,621	9,580
14	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Trade creditors Other creditors	1,003 5,487	2,212 3,665
	Accruals and deferred income	3,757	3,757
		10,247	9,634

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At	1 January	Incoming	Transfers	Gains and	At 31
		2024	resources		losses	December
						2024
		£	£	£	£	£
Restricted		145,950	16,840	(16,840)	4,655	150,605
Previous year:	At	1 January	Incoming	Transfers	Gains and	At 31
		2023	resources		losses	December
						2023
		£	£	£	£	£
Restricted		137,049	16,240	(16,240)	8,901	145,950

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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16 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 to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1	January	Incoming	Resources	Transfers	Gains and	At 31
		2024	resources	expended		losses	December
							2024
		£	£	£	£	£	£
Designated
Funds -
Christian Aid		1,766	-	-	(1,766)	-	-
General funds		108,654	149,402	(212,188)	18,606	188	64,662
		110,420	149,402	(212,188)	16,840	188	64,662
Previous year:	At 1	January	Incoming	Resources	Transfers	Gains and	At 31
		2023	resources	expended		losses	December
							2023
		£	£	£	£	£	£
Designated
Funds -
Christian Aid		1,766	-	-	-	-	1,766
General funds		136,654	156,480	(203,094)	16,240	2,374	108,654
		138,420	156,480	(203,094)	16,240	2,374	110,420
Analysis of net assets between			funds
					Unrestricted	Restricted	Total
					funds	funds
					2024	2024	2024
					£	£	£
At 31 December 2024:
Tangible assets Investments Current assets/ (liabilities)					37,563 2,175 24,924	- 150,605 -	37,563 152,780 24,924
					64,662	150,605	215,267

17 Analysis of net assets between funds

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ST. IVES FREE CHURCH (UNITED REFORMED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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17 Analysis of net assets between funds (Continued)

	Unrestricted	Restricted	Total
	funds	funds
	2023	2023	2023
	£	£	£
At 31 December 2023:
Tangible assets Investments Current assets/ (liabilities)	38,338 33,598 38,484	- 145,950 -	38,338 179,548 38,484
	110,420	145,950	256,370

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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