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← Feltham Hira Association

2024-05-31-accounts

Charity Registration No. 1146678

Company Registration No. 7638775 (England and Wales)

FELTHAM HIRA ASSOCIATION

(A company limited by share capital)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FELTHAM HIRA ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Said Bessedik
Mr Abdelkrim Brahimi - Secretary
Mr Atmane Henine

Charity number
1146678
Company number 07638775
Principal address 102 Hounslow Road
Feltham
Middlesex
TW14 0AX
Registered office 102 Hounslow Road
Feltham
Middlesex
TW14 0AX
Independent examiner Syon Associates
6 Portland Business Centre
Manor House Lane
Datchet
SL3 9EG
Bankers HSBC Bank PLC
127 High Street
Hounslow
Middlesex
TW3 1QP

FELTHAM HIRA ASSOCIATION

CONTENTS

Page
Trustees' report 1-6
Statement of Trustees' responsibilities 7
Independent examiner's report 8-9
Statement of financial activities 10
Balance sheet 11
Notes to the accounts 12 - 18

FELTHAM HIRA ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MAY 2024

The trustees present their report and accounts for the year ended 31 May 2024

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts 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.

The annual report and accounts help to provide timely and regular information on the charity and its funds to help understand the charity's objectives, structure, activities and achievements and to gain appreciation of the financial transactions during the year and of its funds at the end of the year.

Aims, Objectives and Activities

The Aims of the charity

The advancement of the Islamic faith for the benefit of the public according to Qur'an, Sunnah and Hadith.

Feltham Hira Association was established to advance the spiritual and social welfare of people through the religion of Islam. Its prime objective is to serve the Muslim Community of Feltham and surrounding areas and to make the mosque accessible and welcoming to people of all faiths and backgrounds.

Page 1

FELTHAM HIRA ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MAY 2024

Objectives, strategies and activities

Vision

To cultivate an environment where knowledge, civilised and respectful communication, mutual respect. Hira vision is to maintain its centre as a grassroots facility that serves and engage Muslims by promoting the progressive values and teaching of Islam while promoting and advocating inter-faith harmony in a multicultural environment in accordance with the Quran and Sunnah Hira Centre strives to be:

  1. An upright place that promotes the values of moderation, kindness, charity, forgiveness, patience, perseverance and neighbourliness, in the spirit of Islamic teaching

  2. To promote Islam as a true religion by means of engaging good conduct and good behaviour towards all members of our surrounding community.

  3. A welcoming place for people of all backgrounds seeking an understanding of Islam and Muslims.

  4. A family-friendly facility where people young and old, men, women and children are treated with respect and equality.

  5. A peaceful sanctuary where people can come to worship and gather in tranquillity.

  6. Practicing principles of moderation, tolerance, inclusiveness and conflict avoidance within the structural limits of the Quran and Sunnah in order to create unity among Muslims.

  7. An egalitarian place where attitudes of racism and sexism are NOT tolerated whatsoever. Discussions expressing ideas or attitudes that support racism, misogyny, terrorism, extremism or any form of hate speech either oral, written or in multimedia format will not be allowed in the centre. Politically charged events and discussions are not permitted in the centre.

  8. A community-oriented place that brings together a group of worshippers who will be gracious and helpful neighbours to the surrounding local community and support an atmosphere of peace, tolerance and cross-community sharing.

  9. An interfaith space that provides a venue for faith communities to interact in a peaceful and harmonious atmosphere.

  10. An informative place where access to other community services can be acquired.

  11. A green space where environmentalism is promoted and practiced.

  12. A charitable place where humanitarian and charitable causes are supported.

Mission

Hira aims at reaching out to all of Humanity by promoting the role of the centre in terms of spirituality, knowledge, and behaviour. Hira Centre aims to be the focal point for the surrounding Muslim community of all ages and ethnic groups, In order to enhance understanding, develop their knowledge and dispel the many misconceptions about Islam, to bridge the gap between the communities by providing the necessary resources. We will work to enhance and improve the respect and cultivate our identity in the community with special consideration for the cultural diversity in the area.

Our end is to build bridges of communication to promote peaceful co-existence with communities of other faiths based on moderation and tolerance. We adopt for this purpose advanced and innovative programs, methods, and means through an experienced team.

Page 2

FELTHAM HIRA ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MAY 2024

Values

We abide by the set of common values that will forever remain our primary reference and the foundation of our progress toward creating a strategy that actualizes our mission at all levels:

Moderation --> Leadership --> Innovation --> Partnership

Significant activities

Educational activities:

Disaster appeals:

To help easing the sufferings and provide assistance to the needy people in our community, all our volunteers were oriented toward this activity

Community support activities:

Religious and spiritual support:

In line with the government guidance all these activities were suspended in that moment in time.

Public benefit

Page 3

FELTHAM HIRA ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MAY 2024

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

Policy on reserves

The trustees have set a reserves policy which requires:

The charity has adopted a reserves policy whereby three months of operational costs are kept by way of protected reserves.

Principal funding sources

The charity's main source of income is donations in particular at Friday prayers.

Structure, governance and management

Nature of governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of trustees

The existing trustees are responsible for the recruitment of new trustees. In selecting new trustees, the existing trustees seek to identify people who regularly attend events organised by the charity and are willing to volunteer to help in our broader community work.

Induction and training of trustees

Following appointment, new trustees are introduced to their new role and work with existing trustees on particular activities.

Organisational structure

The trustees are responsible for the general control and management of the charity. The trustees volunteer their time and receive no remuneration or other financial benefits. The trustees meet at least once a month and are responsible for all decisions relating to running the Mosque and community facilities and the activities provided by the charity.

Page 4

FELTHAM HIRA ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MAY 2024

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Credit risk

The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments.

The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Feltham Hira Association for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Page 5

FELTHAM HIRA ASSOCIATION

TRUSTEES REPORT INCLUDING DIRECTORS REPORT

FOR THE YEAR ENDED 31 MAY 2024

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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 detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 26th February 2025 and signed on its behalf by:

..............................

Trustee

26 February 2025

Page 6

FELTHAM HIRA ASSOCIATION

TRUSTEES REPORT INCLUDING DIRECTORS REPORT

FOR THE YEAR ENDED 31 MAY 2024

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees, who are also the directors of Feltham Hira Association for the purpose of company law, 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).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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

The trustees are responsible for keeping adequate 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 Companies Act 2006. 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.

In so far as the Trustees are aware, there is no relevant information of which the charitable company’s Independent Examiner is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the Independent Examiner is aware of that information.

The Trustees’ report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Page 7

FELTHAM HIRA ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FELTHAM HIRA ASSOCIATION 31[st] MAY 2024

I report to the trustees on my examination of the accounts of Feltham Hira Association (the charity) for the year ended 31 May 2024.

Responsibilities and basis of report

As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I confirm that I am qualified to undertake the examination because I am a member of a regulated body.

Page 8

FELTHAM HIRA ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FELTHAM HIRA ASSOCIATION 31[st] MAY 2024

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:

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 to enable a proper understanding of the accounts to be reached.

Syon Associates 6 Portland Business Centre Manor House Lane Datchet England SL3 9EG

Dated: 26/02/2025

Page 9

FELTHAM HIRA ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2024

Notes
Income from:
Restricted Funds:
Unrestricted Funds:
Donations and legacies
3
Other Operating Income
4
Total income
Expenditure on:
Restricted Funds:
Unrestricted Funds:
Charitable activities
5
Staff Cost
8
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 1 June 2023
Fund balances at 31 May 2024		 2024
2023
£
£
-
-
351,455
211,298
43,095
36,063
394,550
247,361
-
-
(157,371)
(129,807)
(12,210)
(17,918)
224,969
99,636
1,162,806
1,063,170
1,387,775
1,162,806

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Page 10

FELTHAM HIRA ASSOCIATION

BALANCE SHEET AND NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

BALANCE SHEET BALANCE SHEET BALANCE SHEET
2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 9 989,058 996,443
Current assets
Cash at bank and in hand 52,053 204,952
Debtors 502,302 6,804
Creditors: amounts falling due 10 (155,638) (45,393)
within one year
Net current assets 398,717 166,363
Total assets less current liabilities 12 Total assets less current liabilities 12 1,387,775 1,162,806
Income funds
Unrestricted funds 1,387,775 1,162,806
1,387,775 1,162,806

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 May 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The Trustees' 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The accounts were approved by the Trustees on 26 February 2025

Trustee

Company Registration No.07638775

Page 11

FELTHAM HIRA ASSOCIATION

BALANCE SHEET AND NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1 Accounting policies

Charity information

Feltham Hira Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 102 Hounslow Road, Feltham, Middlesex, TW14 0AX. The charitable company meets the definition of a public benefit entity under FRS 102.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's [governing document], 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)” (as amended for accounting periods commencing from 1 January 2016). 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 accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £(GBP).

The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, 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 accounts. In making this assertion the trustees have considered the current uncertain economic conditions due to the Coronavirus pandemic. The trustees have not yet seen any adverse impact on the charity however they continue to assess its impact on the going concern basis of accounting. The trustees believe that the charity has a strong asset base which, combined with its cash reserves, will enable it to meet the challenges presented by this virus and to continue with its charitable objectives.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Incoming resources

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.

Donations are accounted for on a receivable basis as soon as they are capable of accurate financial measurement.

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.

Page 12

FELTHAM HIRA ASSOCIATION

BALANCE SHEET AND NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1 Accounting policies

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated items have been met, the receipt of economic benefit from the use by the charity of the items probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

Any donated professional services and donated facilities would be recognised based on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Grants are accounted for in the year in which they are receivable in accordance with the terms of the grant.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Direct Charitable Expenditure

Expenditure which is directly attributable to specific activities has been allocated directly.

Support Costs

The costs of the charity are all allocated directly to the main activities and the charity does not therefore have any material support costs.

Governance Costs

Includes staff time and expenses for time spent in connection with trustees’ meetings, plus the cost of accounting and professional fees.

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 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 0%
Leasehold improvements 20%
Fixtures and fittings 20%
Computers 10%

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 net income/(expenditure) for the year.

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 to determine the extent of the impairment loss (if any).

Page 13

FELTHAM HIRA ASSOCIATION

BALANCE SHEET AND NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1.8 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.

1.9 Basic financial assets

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

1.12 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 activities.

2 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 relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing 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.

Page 14

FELTHAM HIRA ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

3 Donations and legacies
2024 2023
£ £
Donations and gifts 351,455 211,298
4 Other Operating Income
2024 2023
£ £
Other Income – Rent Received 43,000 36,000
Interest Income 95 63
43,095 36,063
5 Charitable activities
Charitable Charitable
Expenditure Expenditure
2024 2023
£ £
Share of support costs (see note 6) 153,989 127,085
Share of governance costs (see note 6) 3,382 2,722
157,371 129,807

Page 15

FELTHAM HIRA ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

6 Support costs

Funeral Expenses
Hall Hire
Charitable Donation
Rent, rates and
utilities
Telephone and email
Other direct costs
Equipment expensed
Cleaning and clothing
Computer
consumables and
software
Insurance
Depreciation
Sundry expenses
Bank charges
Legal & professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
2024
2023
Basis of allocation
£
£
£
£
18,450
-
18,450
11,129
Time spent basis
45,075
34,176
-
-
45,075
34,176
38,102
33,256
Actual cost
10,379
-
10,379
9,312
Actual cost
1,107
-
1,107
824
Actual cost
20,683
-
20,683
20,220
Actual cost
12,984
-
12,984
-
Actual cost
1,005
-
1,005
-
Actual cost
172
-
172
1,309
Equipment provides
services
2,010
-
2,010
2,100
Actual cost
7,385
-
7,385
6,982
Depreciation costs
-
-
-
2,448
Actual cost
563
-
563
1,403
Actual cost
-
3,382
3,382
2,722
Governance
153,989
3,382
157,371
129,807
153,989
3,382
157,371
129,807

7 Trustees

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

Page 16

FELTHAM HIRA ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

8 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Travelling Expenses		 2024
Number

2
2024
£
12,210
-
12,210		 2023
Number
2
2023
£
17,900
18
17,918

No employees received employee benefits of more than £60,000 in the current or prior year.

9 Tangible fixed assets

9
Tangible fixed assets
Freehold land Fixtures and Total
and buildings fittings
£ £ £
Cost
At 1 June 2023 1,053,982 26,760 1,080,742
Addition - - -
At 31 May 2024 1,053,982 26,760 1,080,742
Depreciation and impairment
At 1 June 2023 69,100 15,199 84,299
Depreciation charged in the year 5,073 2,312 7,385
At 31 May 2024 74,173 17,511 91,684
Carrying amount
At 31 May 2024 979,809 9,249 989,058
At 31 May 2023 984,882 11,561 996,443

The property has been valued by the trustees at their estimation of its open market value.

The freehold property is maintained to a high standard and no depreciation is charged, as in the opinion of the directors, any such sum is immaterial. Depreciation is only charged on improvements to property.

Page 17

FELTHAM HIRA ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

10
Creditors: amounts falling due within one year
2024
£
Trade Creditors
-
Other taxation and social security
438
Other Creditors
155,200
Accruals
-
155,638
11
Analysis of net assets between funds
Total
2024
£
Fund balances at 31 May 2024 are represented by:
Tangible assets
989,058
Current assets/(liabilities)
398,717
**1,387,775 **		 2023
£
174
438
39,050
5,731
45,393
Total
2023
£
996,443
166,363
1,162,806

12 Related party transactions

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

Page 18