**Charity registration number 1141610 (England and Wales) Company registration number 07395920**
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr V B Haladjian Mr Z M Gasparian Very Revd V Manukyan Mr B Aslanyan Mrs A Lundon Mr K K Vartanian **Charity number** 1141610 **Company number** 07395920 **Registered office** 107 Ealing Road Brentford Middlesex TW8 0LF **Independent examiner** Daniel Garfield Moore Northern Home Counties Limited 73-75 High Street Stevenage Hertfordshire SG1 3HR
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5 - 6|
|Notes to the financial statements|7 - 15|
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their annual report and financial statements for the year ended 31 March 2025.
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 Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The objects of the charity are to advance the Christian faith in accordance with the doctrine of the Armenian Church in such ways and in such parts of the United Kingdom and overseas as the trustees may from time to time think fit.
In setting out the objectives and planning the activities, the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.
The company continues its efforts for the advancement of the Armenian Christian faith in the United Kingdom and has established Armenian Christian educational programmes - monthly lectures, weekly discussion groups and youth-related projects for this purpose.
## **Achievements and performance**
Discovering and connecting with newly found Armenian communities throughout the United Kingdom and arranging for Armenian Church services to be held in the newly found cities.
During the year, the charity continued with its programme of Bible Studies, organising Pilgrimages, holding the annual Armenian Street Festival, producing and publishing the newsletter, and continuing with its mission parish outreach to gather and strengthen the faithful under the umbrella of the Armenian Apostolic Church.
## **Financial review**
During the year, the Charity received donations and gifts of £182,043, which were expensed towards the charitable activities of the Charity as detailed in note 5. The charity also receives monthly sponsorship income towards the production and publishing of a newsletter, which is electronically sent to the community.
Reserves are needed to cover the gap between the receipt of income and future spending. The trustees consider that the ideal level of reserve as at 31 March 2025 would be £40,000, which would be required to meet, in particular, expenses associated with the Primate’s programmes.
The profit for the year was £26,909, and the level of reserves at the balance sheet date was £621,835. The trustees consider the level of the reserves to be sufficient to carry out their future charitable activities.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 1 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The charity's future plans are to continue with the teaching of the Gospel and reach out to the community and continue to strive to make the Christian faith and culture of the Armenian people relevant to the life of every Armenian.
Further plans for future periods include activities in the following areas:
Maintaining offices and Chancellery: Secretariat, Newsletters, Website, YouTube channels, Social Media.
Ministries: promoting Liturgical Life, establishing mission parishes and doing outreach programs, training deacons, organising special services, newlywed couples, making Pilgrimages to the Holy Land, Armenia and within the UK.
Education: organising lectures, workshops, training, and publishing books for the needs of the community.
Programmes: promoting the work of Ladies Committees, Youth organisations.
Ecumenical: supporting the ecumenical engagement of the Primate with other denominations.
Charity/diakonia: Emergency situations (e.g. Middle East) and wider social needs, the environment.
## **Structure, governance and management**
Armenian Church Trust (UK) Limited is a registered charity and a company limited by guarantee governed by its Memorandum and Articles of Association as amended on 11 April 2022.
The trustees, who are also the directors for the purpose of company law, who served during the year were:
Mr V B Haladjian Mr Z M Gasparian Very Revd V Manukyan Mr B Aslanyan Mrs A Lundon Mr K K Vartanian
A Board of Trustees of six members administers the Charity. Trustees are appointed in accordance with the Memorandum and Articles of Association.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
viken haladjian
..............................
## **Mr V B Haladjian**
25 Oct 2025 Dated: .........................
.............................. **Very Revd V Manukyan**
25 Oct 2025
Dated: .........................
- 2 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ARMENIAN CHURCH TRUST (UK) LIMITED**
I report to the trustees on my examination of the financial statements of Armenian Church Trust (UK) Limited (the charity) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I 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 I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
I have completed my examination. I 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 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 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; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I 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.
Moore Northern Home Counties Limited
Daniel Garfield Independent Examiner Moore Northern Home Counties Limited 73-75 High Street Stevenage Hertfordshire SG1 3HR
## 27 Oct 2025
Dated: .........................
- 3 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
182,043
-
Other trading activities
**3**
43,578
-
Investments
**4**
823
-
**Total income**
226,444
-
**Expenditure on:**
Charitable activities
**5**
199,535
-
**Total expenditure**
199,535
-
**Net income and movement in**
**funds**
26,909
-
**Reconciliation of funds:**
Fund balances at 1 April 2024
571,123
23,803
**Fund balances at 31 March**
**2025**
598,032
23,803|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
182,043
213,127
-
43,578
21,732
-
823
758
-
226,444
235,617
-
199,535
197,222
-
199,535
197,222
-
26,909
38,395
-
594,926
532,728
23,803
621,835
571,123
23,803|**Total**
**2024**
**£**
213,127
21,732
758|
|---|---|---|
|||235,617
197,222|
|||197,222|
|||38,395
556,531|
|||594,926|
All income and expenditure derive from continuing activities and comprise unrestricted funds only.
- 4 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**14**
**Net assets**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2025**
**£**
**£**
1,387,682
3,000
113,432
116,432
(38,223)
78,209
1,465,891
(844,056)
621,835
23,803
598,032
621,835|**2024**
**£**
**£**
1,393,817
5,993
97,931
103,924
(40,359)
63,565
1,457,382
(862,456)
594,926
23,803
571,123
594,926|
|---|---|---|
- 5 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **BALANCE SHEET (CONTINUED)**
## _**AS AT 31 MARCH 2025**_
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## 25 Oct 2025
The financial statements were approved by the Trustees on .........................
|viken haladjian||
|---|---|
|..............................|..............................|
|Mr V B Haladjian|Very Revd V Manukyan|
|**Trustee**|**Trustee**|
## **Company registration number 07395920**
- 6 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Armenian Church Trust (UK) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 107 Ealing Road, Brentford, Middlesex, TW8 0LF.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the 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.
## **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.
Government grants are recognised in profit or loss on a systematic basis over the periods in which the company recognises as expenses the related costs for which the grants are intended to compensate.
## **1.5 Expenditure**
Expenditure is recognised in the statement of financial activities on an accrual basis as a liability is incurred. Expenditure includes any VAT which can not be fully recovered.
Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
- 7 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost 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:
Freehold land and buildings 2% per annum straight line Office equipment 20% per annum reducing balance Fixtures and fittings 20% per annum reducing balance Computer equipment 20% per annum reducing balance
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 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).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
## **1.9 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.
## **1.10 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.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 8 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **2 Donations and legacies**
|||**Unrestricted **|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Donations and gifts|163,643|173,983|
||Other general grants|18,400|39,144|
|||182,043|213,127|
||**Donations and gifts**|||
||General donations including gift aid|163,643|173,983|
||Other|18,400|39,144|
|||182,043|213,127|
|**3**|**Income from other trading activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Newsletter|43,578|21,732|
|**4**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|823|758|
- 9 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **5 Charitable activities**
|Staff costs
Depreciation and impairment
Mission parish outreach
Primate's office rent & expenses
Armenian Church Youth Organisation
Ecumenical activities
Special events and projects
Armenian street festival expenses
Repairs and maintenance
Newsletter
Telephone and internet
Insurance
Bank charges
Sundry expenses
Printing, postage and stationery
Donations payable (see note 6)
Share of governance costs (see note 7)|**2025**
**£**
32,005
31,206
181
39,783
272
1,717
16,475
24,718
16,924
6,509
3,919
5,318
392
1,967
4,924
186,310
3,000
10,225
199,535|**2024**
**£**
36,341
31,151
206
37,529
407
2,202
6,818
16,746
18,509
9,056
2,347
3,201
308
7,186
2,944|
|---|---|---|
|||174,951
-
22,271|
|||197,222|
## **6 Grants payable**
||**2025**|**2024**|
|---|---|---|
||**£**|£|
|Grants to institutions:|||
|Other|3,000|-|
- 10 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **7 Support costs allocated to activities**
|Governance costs
**Analysed between:**
Legal and professional
Independent examiner fees
Bookkeeping fees|**2025**
**£**
10,225
-
2,425
7,800
10,225|**2024**
**£**
22,271|
|---|---|---|
|||13,097
2,574
6,600|
|||22,271|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Administrative staff|2|2|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|31,300|35,525|
|Other pension costs|705|816|
||32,005|36,341|
There were no employees whose annual remuneration was more than £60,000.
## **10 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 11 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **11 Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation and impairment**
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
**Carrying amount**
At 31 March 2025
At 31 March 2024|**Freehold**
**land and**
**buildings**
**Office**
**equipment**
**Fixtures and**
**fittings**
**Computer**
**equipment**
**£**
**£**
**£**
**£**
1,444,239
245
12,142
3,560
20,901
4,170
-
-
1,465,140
4,415
12,142
3,560
60,573
144
3,810
1,842
29,176
20
1,667
343
89,749
164
5,477
2,185
1,375,391
4,251
6,665
1,375
1,383,666
101
8,332
1,718|**Total**
**£**
1,460,186
25,071|
|---|---|---|
|||1,485,257|
|||66,369
31,206|
|||97,575|
|||1,387,682|
|||1,393,817|
Freehold land and buildings with a carrying amount of £1,375,391 (2024 - £1,383,666) have been pledged to secure borrowings of the charity. The charity is not allowed to pledge these assets as security for other borrowings or to sell them to another entity in perpetuity
## **12 Debtors**
|**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|**2025**
**£**
185
-
2,815
3,000|**2024**
**£**
-
1,427
4,566|
|---|---|---|
|||5,993|
## **13 Creditors: amounts falling due within one year**
|**Notes**
Other taxation and social security
Deferred income
**15**
Trade creditors
Other creditors
Accruals|**2025**
**£**
2,298
18,400
14,013
868
2,644
38,223|**2024**
**£**
1,305
18,400
16,008
2,002
2,644|
|---|---|---|
|||40,359|
- 12 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**14**
**Creditors: amounts falling due after more than one year**
**Notes**
Deferred income
**15**
**15**
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Non-current liabilities
Deferred income at 31 March 2024
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025
**16**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
844,056
**2025**
**£**
862,456
**2025**
**£**
18,400
844,056
862,456
880,856
(18,400)
-
862,456
**2025**
**£**
705|**2024**
**£**
862,456|
|---|---|---|
|||**2024**
**£**
880,856|
|||**2024**
**£**
18,400
862,456|
|||880,856|
|||-
-
880,856|
|||880,856|
|||**2024**
**£**
816|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
- 13 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **17 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 April**|**At 31 March**|
|---|---|---|
||**2024**|**2025**|
||**£**|**£**|
||23,803|23,803|
|**Previous year:**|**At 1 April**|**At 31 March**|
||**2023**|**2024**|
||**£**|**£**|
|Arev Program|11,428|11,428|
|Armenian Church Youth Organisation|12,375|12,375|
||23,803|23,803|
## **Arev Program**
Funds received to help run the AREV Children's Club to entertain and educate children through Armenian songs, storytelling and exciting activities.
## **Armenian Church Youth Organisation**
To engage the youth through networking, collaboration and events to advance the Christian faith and Armenian Church doctrine in the younger generations.
## **18 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 April**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|General funds|571,123|226,444|(199,535)|598,032|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|532,728|235,617|(197,222)|571,123|
- 14 -
## **ARMENIAN CHURCH TRUST (UK) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **19 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
1,387,682
-
Mixed motive investments
(23,803)
23,803
Current assets/(liabilities)
78,209
-
Long term liabilities
(844,056)
-
598,032
23,803
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
1,393,817
-
Current assets/(liabilities)
39,762
23,803
Long term liabilities
(862,456)
-
571,123
23,803|**Total**
**2025**
**£**
1,387,682
-
78,209
(844,056)
621,835
**Total**
**2024**
**£**
1,393,817
63,565
(862,456)
594,926|
|---|---|
## **20 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 15 -