DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE ST YEAR ENDED 31 DECEMBER 2025 Company Number: 07071909 Charity Number: 1141033
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP CONTENTS Page Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 The trustees are pleased to present their annual report for the year ended 31st December 2025. The financial statements have been prepared in accordance with the Charities Act 2011, Companies Act 2006, Accounting and Reporting by Charities., Statement of Recommended PraGtlce applicable to charities preparing tfieii oibGuuiilb li I rJLLUI ijcti ILe witli tlie FiiianGial Reporting Standard appliGable in the UK and Republic of Ireland {FRS1021 effective from 1, January 2019. OBJECTIVES AND ACTIVITIES Walton Community & EnterPrIe Partner -hip (Corner2tone} is a Community Entgrpris8 Centre. Its aim is to aid community cohesion by providing flexible, affordable space for IoGal Gommunity and enterprise activities. Cornerstone's objects are specifically restriGted to the following: The advancement of education The relief of poverty The relief of unemployment To promote for the benefit of the inhabitants of Walton and the surrounding area the provision of facilities for recreation or other leisure time OGcupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of SOGial welfare and with the object of improving the condition of life of the said inhabitants. ACHIEVEMENTS AND PERFORMANCE In the years since it opened, we've been home to more than 55 businesses who have employed more than 200 people over the time and that's not including the numerous groups using the centre. Prior to the organisation being established a consultation and feasibility study was conducted which looked at the possible uses of the building based on a SOGial and economic profile of the areas and a gap of analysis. The study led to the establishment of the Community Enterprise Centre. Subsequent to its establishment, Cornerstone evaluated its early work and conducted a survey of centre users-, and asked what needs they had and what gaps in facilitieslactivities there were in the area and what they would like to see. The following was identified: There was a lack of affordable, flexible aGGommodation in the area for fledgling community businesses, social enterprises, sole traders and small businesses. There was a lack of community development, community involvement and capacity building in the area. The building has now achieved full occupancy in its available tenancies. Cornerstone was specifically established as a vehicle for increasing social cohesion and levels of enterprise activity in the Walton area. By doing so it is helping to strengthen the local community by supporting and facilitating enterprise and self-efficacy by empowering the Gommunity to find a solution to common problems, in particular the problems of lack of employment and social isolation.
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 Cornerstone gives people from the local Gommunity the opportunity to initiate activities and projects of benefit to local people as well as developing new services and enterprises. The local Gommunity will also be made stronger by the creation of a hub of inter-connected and symbiotically networked community groups, socially driven business, locally derived private hiisin9.qsg.q And ftnmmi Inity 89.rvio.p. prnvirlp.rq. A history of the site and the current premises The current building is the fourth school built by Walton Church, the first dating from the early 1600's. It opened in 1897 and was the junior department of the Walton St Mary Church of England Primary School. The infant department relocated to the same site in the 1990's and in 2009 Walton St Mary and Arnot St School lolned together on the Arnot slte to become Arnot St Mary Church of England School. The present building was then handed over to Walton Community & Enterprise Partnership and renamed "Walton Cornerstone" The previous school was built in Heathcote Road in 1847. This school Gonsisted of two rooms and accommodated 15 girls and 130 infants. The cost of the project was £1,080. The cos( for atlending the school at this tiTne was 2d per week per child and 1d' for each additional child from the same family. By 1870 there had been and expansion of housing in the area and the school was unable to accommodate the needs of the district, and a further schoolroom was built facing the school in Heathcote Road. Walton National School opened in Bedford Road in 1895, paid for by the parishioners and was built on land given by the Rectors of Walton and West Derby and by Madame de Falbi and the Trustees of the Walton Glebe Estate. The school changed its name to Walton St Mary Church of England School and finally closed its doors in July 2009 when the building was leased to Walton Community & Enterprise Partnership. Summary of the main activities in relation to these objects As noted, the primary objective of Cornerstone is to provide affordable space for local community and enterprise activity. Since occupying the building in 2009, it has let most of the available Offi space and Cornerstone is delighted to have been the first 'stepping stone, for many successful business ventures who have moved on to their own office and shop space. During 2020 the Trustees agreed to upgrade the Administrator to the role of Centre Manaqer in recognition of the additional responsibilities that were occurring. Cornerstone holds a Foodbank once a week, it has hosted open days, debt help sessions, residents meetings, and police and council surgeries. The aim is to provide these sessions as well as start-up sessions for new business enteiprises in the future rather than merely offer the space for others to do so. Since incorporation Walton Community & Enterprise Partnership has seen a number of successes amongsl its tenants with many moving to bigger premises within the cenlre and others moving on due to the successful growth of their businesses. FINANCIAL REVIEW Total income in the year was £75,682 (2024.. £80,369). Total expenditure in the year was £71,113 (2024.. £91,631), leaving a surplus for the year of £4,569 (2024.. deficit £11,262) At 31st DeGember 2025 the charity's reserves slood at £23,903 (2024: £19,334). All income, expenditure and reserves are unrestricted
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31 ST DECEMBER 2025 RISK MANAGEMENT The trustees have conducled their review of major iisks to which the charity is exposed, and systems have been established to mitigate those risks. These reviews are conducted on a Gontinuing basis. RESERVES POLICY It is the policy of the charitable company to maintain unrestricted funds, which are free reserves at a level to cover redundancy provision and three months, running costs should no further funding be received. Ai Iliv Id uf Ilie fiiidiiuidl yecll", urii.esti iGled fur Idb lulcillvd £23,903. Tl ie Ll Icll iLdtJle Lulllvcll ly requires £3,150 for redundanGy provision and £17,778 for three months, runr)ing costs, (total £20,928). PLANS FOR THE FUTURE Our refurbishment programm8 includas: Updating the old school toilets with new units suitable for adults. Purchasing of land currently owned by Liverpool City Council. STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated on 10th November 2009 (Gompany number 07071909) and registered as a Gharity (charity number 1141033) on 1stApril 2011. The Governing Instruments under which the charitable Gompany operates comprise of the Memorandum and Articles of Association dated 3rd November 2009 The Management Committee Gomprises of two members and trustees and a Company Secretary from a cross section of backgrounds, experiences and skills Under Article 8.3, to qualify as a member a person must be either the ReGtor or a Churchwarden of St Mary's Church Walton. Trustees consist of a minimum of three to a maximum of 12. 9 shall be nominated and a maximum of 3 trustees may be GO-OPted. Nominated Trustees shall be nominated by the Rector and Churchwardens for the time being of St Mary's Walton (who shall determine such nominations by a majority vote), and shall remain in office for so long as the Rector and Churchwardens shall determine, but in any event no longer than 3 years.
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 REFERENCE AND ADMINISTRATIVE DETAILS Name Walton Community & Enterprise Partnership 07071909 Company Number Charity Number Registered Office 1141033 Walton Cornerstone 2 Liston Street Walton Liverpool Merseyside, L4 5RT Trustees Susan Best Rev Lynn Davidson Brenda Nettleton John K Taylor Brenda Nettleton (Appointed 18th August 2024} (Resigned 22nd April 2026} Company Secretary Independent Examiner Ying Huang FCCA clo LCVS 151 Dale Street, Liverpool, L2 2AH Bankers TSB Bank PIC PO Box 453 Mitcheldean GL14 9LR Signed on behalf of the Board of Trustees Brenda Nettleton, Trustee Date..
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP STATEMENT OF TRUSTEES, RESPONSIBILITIES 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 Gompany as at the balance sheet date and of its incoming resources and application of resources, inGluding IriGome and expenditure, for the financial year. In prepartng those financial statements, the trusteeg shoLild follow bpst practice and.. select suitable accounting policies and then apply them consistently; observe the methods and principle in the Charities SORP., make judgemenls and estimales that are reasonable and prudent., prepare the tinanGial statements on the going concern basis unless it is inappropriate to presume that the company will continue as a going concern; state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements. The TrLigte@s arè responsible for maintaining proper accounting records which disclose with reasonable aGGuracy at any time Ihe financial position of the charitable company and to 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 deleGtion of fraud and other irregularities. This report has been prepared in accordance with the Charities Act 2011, Companies Act 2006, Accounting and Reporting by Charities. Statement of ReGommended PraGtiGe (Sorp 2019) appliGable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) effective from 1, January 2019. By the Order of the board, B Nettleton Company Secretary 2 Liston Street Walton Liverpool Merseyside L4 5RT Date:
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WALTON COMMUNITY & ENTERPRISE PARTNERSHIP I report on the accounts of the charitable company for the year ended 31st December 2025, which are set out on pages 8 to 15. The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2U11 (the 2011 Act) and thal an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the general DireGtions given by the Charity Commission {under section 145(5)(b} of the 2011 Act, and to state whether particular matters have come to my attention. Res ective res onsibilities of trustees and examiner Batsis of inde endent examiner's statement My ¥XiAfTlllldlivii bi411i¥d vul iii citiLuidciiiLe witli yeiieidl Directions given by the Charity Commission. An examination includes a review of the aGcounting records kept by the charity and a comparison of the accounts presented with those records. also includes consideration of any unusual items or disGlosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidenGe that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Inde endent examiners statement In connection with my examination, no matter has come to my attention: {1} whiGh gives me reasonable cause to believe that in, any material respect, the requirements- to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare aGcounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement Recommended Practice: Accounting and Reporting Charities have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the acGounts to be reached. by." Name: Mrs Ying Huang Relevant professional qualification or body.. FCCA Address.. clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated: 15 May 2026
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 STDECEMBER 2025 Notes Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Income and endowments from: Donations and Legacies Charitable activities Investments 500 75,030 152 500 75,030 152 3b 80,155 214 Totsl incom 75,682 75,682 80,369 Expenditure on: Charitable activities 71,113 71,113 91,631 Total expenditure 71,113 71.113 91,631 Net incomel(expenditure) net movement in funds 4,569 4,569 (11,262) Total funds brought forward 9, 10 19,334 19,334 30,596 Total funds carried forward 8-10 23,903 23,903 19,334 The notes on pages 10 to 15 form part of these accounts. All the above amounts relate to continuing activities of the charitable company.
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP Company Number.. 07071909 BALANCE SHEET AS AT 31ST DECEMBER 2025 Notes 315t December 2025 315t December 2024 Fixed assets Tangible fixed assets Current agsets Debtors Cash at bank and in hand 243 26,064 302 21,012 26,307 21,314 Current liabilities Creditors: amounts falling due within one year (2,404) {1,980) Net current assets 23,903 19,334 Total assets less current 23,903 19,334 Funds: Unrestricted funds RestriGted funds 23,903 19,334 10 23,903 19,334 These financial statements have been prepared in accordance wilh the Financial Reporting Standard applicable in the UK and RepubliG of Ireland {FRS102). These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies, regime and in aGcordanGe with FRS102 SORP. For tho period covored by the8e account8 the company wa8 entitlod to exgmption under section 477 of the Companies Act 2006 relating to small companies. No members have required the Gompany to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The trustees, who are the directors of the Gompany, aGknowledge their responsibility for complying with the requirements ot the Act with respect to accounting records and Ihe preparation of financial statements. Signed on behalf of the Board on Brenda Nettleton, Trustee
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Limited Liability The charity is a company limited by guarantee. EaGh member's liability is limited to £1. 2. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) effective from 1st January 2019 and Charities AGt 2011 and the Companles AGt 2006. The accounts have been prepared under the historical Gost convention with items recognised at Gosl or transaction value unless otheNise stated in the relevant note(s) to these accounts. The accounts are prepared irb Sterlinq, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Charity 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. Going concern The Trustees therefore have a reasonable expectatSon that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future and have adopted the going concern basis of accounting in preparing the accounts. Fund accounting UnrestriGted funds are the charity's free reserves available for the trustees to apply in accordance with the charttable company's charitable objectives. Restricted funds are subject to speGifiG restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Fixgd assats Capital expenditure of £1,000 and above is treated as a fixed asset and depreciated over its useful life. At trustees, discretion, expenditure on items in relation to improvements to leasehold buildings have not been treated as fixed assets and are dealt wilh in the Statement of FinanGial AGtivitie3 when payment has been made. No value has been placed in the aGGounts on gifted assets or volunteer labour provided in improving its facilities. Income recognition All income is recognised once the charity has entitlement to the inGome, there is sufficient rtainty of receipt and so it is probable that the income will be reGeived, and the amount of income receivable can be measured reliably. Donations and legaGies comprise of donations and general grants which are recognised in the accounts when received, with the exception of known legaGies which are accounted for when theii reGeipt is certain. io
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 InGome from charitable activities is reGognised on an accruals basis except for grants receivable, which are recognised on the date on which their unconditional payment is Gonfirmed by Ihe donor. Income from investment relates to bank interest received and is recognised when the amount is certain. Expenditure recognition Liabilities are recognised as soon as there is a legal or construGtive obligation committing the charitable company to that expenditure, it is probable that settlement will be required and Ihe amount of the obligation can be measured reliably. All expenditure is accounted for on an aGGrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. 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. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. FlnanGlal instruments are reGognlsed In the Gharlty's balanGe sheet when the charlty 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 biiriulloarieuubly. Basic financial assets Basic finanGial assets, whiGh inGlude 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 constilutes a rinanGing transaction, where the transaGtion is measured at the present value of the fulure reGeipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Basic financial liabilities Basic financial liabilities, including Greditors and bank loans are initially recognised at transaGtion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts 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. Derecognition of financial liabilities Financial liabilities are dereGognised when the charity's contractual obligations expire or are discharged or cancelled. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and are not liable to corporation tax on Income or galns falllng within those exemptions. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 3. Income and endowments from: Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funas 2024 a. Donations and Legacies: General Grants 500 500 b. Charitable activities: Hall hire Rental Income 5,030 70,000 5,030 70,000 9,280 70,875 75,030 75,030 80,155 Income from charitable activities for year end 2024 related wholly to unrestricted funds. c. Investments: Bank interest 152 152 214 12
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Income from investments for year end 2024 related wholly to unrestricted funds. 4. Expenditure on charitable activities Direct Support & Gharltable Governance Expenditure Costs Total 2025 Total 2024 To provide facilities for recreation and leisure time 67,450 3,663 71,113 91,631 a. Analysed as follows.. 2025 2024 Direct Gharifable expenditure." Staff salary costs RLinning c.osts Insurance Security and alarm Gosts Volunteer Expenses 15,210 15,831 5,641 1,118 275 5,641 2,904 200 67,450 88,061 Support & Governance GOSts.' Office costs Bank charges Gifts Photocopier Lease Company filing fee Payroll fees AGGountanGy fees 807 132 250 974 34 492 974 731 139 282 974 34 436 974 3,663 3,570 Total expenditure on charitable activities 71,113 91,631 £nil (2024: £nil) of the above expenditure relates to restricted funding. b. Staff Costs 2025 2024 Gross salaries 15,210 15,831 13
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Particulars of employees: The average number of employees durtng the year was as follows.. 2025 2024 Charitable aGtivity No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated for their services and are not included in the above number of employees. 5. Tangible fixed assets There are no tangible fixed assets acquired during the year or held as at 3151 December 2025 (2024.. none). G. Debtors 2025 2024 Prepayments 243 302 7. Creditors: amounts falling due within one year 2025 2024 Accruals Other creditors 974 1,430 919 1,061 2,404 1,980 8. Analysis of net assets between funds 2025 Tangible Net Current Fixed Assets Assets Totsl Unrestricted Funds General Fund 23,903 23,903 2024 Tangible Net Current Fixed Assets Assets Total Unrestricted Funds General Fund 19,334 19,334 14
DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C WALTON COMMUNITY & ENTERPRISE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 9. Unrestricted Funds ovements in the year Income Expenditure 2025 Reserves at Beginning of year Reserves at End of Year General Fund 19,334 75,682 (71,113> 23,903 Movements in the year Income Expenditure 2024 Reserves at Beginning ot year Reserves at End of Year General Fund 30.596 80.369 (91.631) 19.334 General Fund is used to finance the charitable company's general activities as outlined in the Trustees, Report 10. Restricted Funds There were no restricted funds received or expended during the year or held as at 31st December 2025. (2024.. £nil) 11. Lease Commitments Financial commitments under non-Gancellable operating leases relating to a photocopier lease, this will result in the following payments falling due at 31 sl DeGember 2025. Photocopier 2025 2024 Operating leases which expire: Due within one year 423 974 423 974 12. Related Party Transactions There were no material related party transactions during the year which require disclosiire (2024.. none). 13.Guarantees As at 31st December 2025,. 4 members had given a guarantee of £1 each in the event of the company winding-up. Total: £4 (2024: 5 members £5). 15