REGISTERED COMPAIYY TrIUMBER.. 08073756 (Ettgland arjd Wales) RfCtSTERED CHARITY NUMBER: 1148109 CHARV7Y COMMISSION REPORT FTHE STEES AND ur4AUDITED FINANCIAL STATII I¥￿￿[[S FOR THE YEAR ENDED 31 MAY 2025 BRTCyHfON PHOT FRTN ri CRT Limited Flat 24 Welliii£tonia Court Laine Close B￿ght0 East Sussex BN161'D BRIGHTON P TO FRtNG CONTENTS OF THE FINANCIAL STA TEMENTS FOR THE YEAR ELYDED 31 MAY 2 Page Report oftkne Trustees L to 7 llldepelldent Examiner'y Report Statement of Finallcial AcÉivitie5 Balanee Sheet io Notes to the Finart¢ial StutrJu¢ntS BRJcirroN PHOTO FRINGI EGtSTERED NUM BER: 0807375 F THE TRUSTIF.S FOR THE TrTAR ENDED 31 LIIAY 2025 The trw8t¢es who ate &lso directo￿ of the chwty for the purposes of the CpTnpt￿lts Act 2006, present their report with the fillanci&l slatements of the charitv for th¢ y¢w ellded 31 May 2025. The t￿tee5 have adopted the prO￿ls1On5 of Acc4)untin8 and Rqx)rtillg by Charities: Statement of Recommend¢d Practice applicable to chariti£s preparing their accouDtS iD a¢¢ordalloe with the Financial Reporiing StandaTd applicable in th¥ UK and ReP￿bliC of LrEland (FRS 102) {effwtivc l J￿Uary 2019). Page I ERIGHTON PHOTO FRTNGE EGtSTERED NUMBER: (b8O73756 REPORT OF THE TRUSTEES FO THE Yl4AR ENDED 31 NAY 2025 OBJECTtYES AND ACTIVITTES Objective5 alld Photo Frillge- Dev¢lopillg IYeTrY W&y.g of Seeing Together We itLvile ev¢ryime to work Thith us Lo create a fairer, safLar. greener. anti-￿¢78t world wgetherthi'0￿SL photogTaphy. Photo FritLbFE 15 a volttnteer-led, collttborative platfoLlll pr(TrvidiMg essential prof¢ssional development OPFOrtunities atLd peer-support for le]]s-b￿td artists. Our year-round proLryamme fosters a￿bition, lnnovt1tio￿ and self-reliance in artist$: nurtures confidence and ireai'ivity in partiClPants' and inspires audiences with extrairdinary itllages ll] un¢xpected places. Since 2003, Photo Fringe has forged an inl'ernational reputation for Curatu￿. partiClF¢ltio￿ developi￿, pathways for people from all backgrounds to tsike part alld enjoy photO8raphy. Renowned for promoting outstaiiding neiv talenL P]LOto Fringje conn¢crs this nascent tal¢nl to new auditn¢¢s, workit)g witb artisi-led initiatives and testkvals around tbe ¢ountry. Every two years Photo Fringe delivers an inclusive ftttival and everyTone is invited. The festival ha5 a DJY ethos and eKbibil()Tg coniflbute fees si) thal tollectiyely we can produre a high￿ttality, inclusive and ground-biyaking event. The Chariws objecis are to L)romote, maittraiw improve and advance edwtion by tlie encouragement of the urt$ ni generaj and in p[￿l¢U1￿ tbe art of lens-based Jnedia, in particular but not exclusively. by o￿anIZIng a bi¢t)ni81 ph()tograpliy festival in BTighton and Hove and otlier simitar a¢tivÈties. Rooted iu Sussex and internationaj in ouilooL we &¥ploTV the role of phutoaraphy ill society. how it frdmes our lives and it enlwices OUT understandingv of the wi)rld alld each othèr. Since 2003 BrightOD Flioto FTinge has delivered I l open access fe%tiva]s. graining international recoiFnition for its high-quality proJammes. We utilise OUT ¢xpertise aud position withill the industry to ernpower aTtists at all 5tatres in cretYtiYe.jDurney to become self-reliant and io setthe agFenda of how they make and shtwe Iheir work We ive1co￿t auyone curious and passionate about photogrnpby. We lyt￿t to open up the artfoTJD afid ensure iJL¢Iu5iveness for peopk fa¢ino b￿rrIerS, including youug. global majority arti815,' y.oung people in and outside forrllal educatiollu &od lower socio-ecoDomic groups aETOS$ thb southea51 Coast. We striv¢ be a demoLYatic, accessible, welwming and gupEx)rtive platfom. Encournging participation is key to eveL)rthing we delivei. Thi5 open ethos of tli¢ Frimgc n]akes it di8(inct from other pbthog4zphy or lens-based festivals presently working in tlie U We hawe buitt a ieputation for. accogsible. aftordable exhibitLOD platforn - chaTMpioning ar￿t colle¢tivcs - ttrtist CPD. meiitdring & industy networkiDg -training en]ergiing ¢urah)rs to pTo]note inclusive pra¢tice - coIiunis5ions that encoL￿ge p&ticipation inremational exchanges & iYsid¢i)cieg - SUp￿)rt for underrepresonted artists - ￿￿￿t￿rIng youllg people'g creauvity. bstering experimintation 'rhe cbarity's key straicgic a]ll￿- l. Stratsgic developmeni.. to create a model of relationship& optK)rtunities alld pled8es to fund ourTr15ion io develop new way& of seeing together and bllild a diverse c1)M￿ullity of inttrest to ￿'0vide new energy and expand capacity. 2. Talent deYelDpmcnt.' reach aDd develop lens-based artists and DU￿re ditrcrse t￿e[rt 3. Curatillg participa11￿ to in¢rvase confiden¢e, ettativity and well-being in Photo Fringe partscipallts 4. IDspiring new ways of sL¢ing= CTeate and deliver kty mesS￿leS about contemporary photography to diveT8e 8udien¢£s itL a bol(L ¢ffective ana ¢ngagillgway. Page 2 BRTGwfoN PHOTO FIUNGE REGISTERED NUMBER: 080737 REPORT OF THF TRUSTF.FS FOR THE YEAR ENDED 31 MAY 2025 OBJECTIVES AND ACTlVtTTES Sigllitieant aetivitie8 "Photo FrIE￿￿e b¢cn hkmds4town the most ivonderthl exhibitiojj experience I have evcr had, and the only one where I felt part of a ¢aTinU eornmthniry. It" is a wonderful opporLLmiry tlni bas swh a positive impact on p¥ople 3nd the photographic QOLnn]wiity as 8 wholc." (l￿1St1all Jagro, Photo Fringo ¢xlffi)iioi, 2022 "The fiinctioll of art is to do illOT¢ tlian tull it like it is- il is Io ilma￿ne what is possible." bell hooks We Ftcd The UK - Sankofa by Arpita Sha We Feed The tJK is a illajor arts projeet by ihe Gaia Foundation, pairing critically &ccl&imed photograplierg and poets th TeiFen•ative larmcts, urban future resitieure.'fh¢ time is ripe to celebrate these effoLts, ill SUPWLt ofihe regenerative agricuiwre tsansiiion. We Feed The UK britL¥ I0￿Clh•. ov¢r 40 parttLers from the enviroDineut art% sectors 10 tell tth) time-CTLti(al storie5 a¢ross Urba￿ rural 8nd fjoastal areas; ranwg fmin rrLuIti-generaiiimal. Black-led tsrowing pTojects in London to a majoriLy-wom¢n workers cooperative Edinburuh via sustairLable fL5hing along the south coast. Tluough Ihese tsles plallting the'seed$ of£hange, We Feed The UK is layiDg the tsrouiidwoTk for a jus¢ safe. and liv¢abl¢ tomorrow. So far. itsmessage has reached o¥¢r 53 million people on their pathway from consuiner lo eustodian. The caJupaidtt ] is a i)wssage of hope. ghowcasing gra55roots solutiolls to climate chall84 the biodiversity crio.is alld social justice. Sandrn S&18zaY D'eca founded Go Grow With Love in Tottenham and EnfLeld, to .gLVPOrt women of African and Caribbean heiiwge in nurt￿]￿￿ a Irciprocal relationship with local land. In doing so, they are illo'ea5ing community resilience artd food 5ecuriiy ift London. In Haring'By) P8Ltlette l.lellry, Pamela Shor and their team are empowering ¢offlmunities to grow their O￿Tr. Black Rootz is Iht UK'g first multigeneratioual, Bla¢k-led growing enierprise, reconnecting Londoners s¢ed, aD¢estral knowledtse and earth I'his holisti¢ approach eultivaie5 More than Crops., by rooting BPOC people tt) the lalld, Sdndr4 p￿￿ettE and Pamela are growiM8 grassroots 501utions for racial equaliLy. land repatxtiotts aJ)d food S0VLJrei￿ty. Jn 2(Y2i. Photo frin8e parthered with tbe Gai& Foundation to ¢ommission Arpita Shal whose work the i]Lterseclions of cultur¥ and identity. Having lived bBtw¢en Jndia. IretaJ)d the Middle Elst before seftlinbF in Ell8latLd, ber practiw refleds her owi mi8ratory experience. Tbe commission was Shown at ONCA Gallery in &ighton dwiDQ Phott> fringe 20?4. httpsJf2024.photofriDge.orgleihibitiollslsankofa CreatiTre adveitis'ing &pecia]ksts BUtLD HOLLYWOOD also suppoyting the p￿}J¢¢t with a street art ￿MpaIgn of pY)ster Sltes in Haringey, en¢ouragillg locals tn connect with thtir growlll¥ Lommunities. P￿for￿￿￿e poet Zena Edwards iva5 also Co[D￿ls510D¢d in collaboration with the Ilot Pocts: an organisatio ¢i)mrniuiicating ¢ljmate change science ihi'ollgb 5pok¢n Tr¥oId poerry. LIs￿n lo her poem ttp$..Ih¥efeedtbeuk.or￿st0ry1£Ood-JUSt1ce-serVed-freSh-fro￿-comrnUttlty-fanlls1 The exhibition l)as toured to Royal Pbotogrnphic Society in Bristol. Having already rea¢hed over 2(KJ,000 people diTLcily ai events since its inceptiO]L and 53 lliillion dLfou8h niedia ond 01)lill¢ ¢()vtTage Garden Inspired by We Feed the UK, Photo Fringe was keen to extend thc project to ETighton & Hove. We torged & n¢iv partiiership ivith Moulsecix)tnb forest Garden and Wild]if¢ Project. Page 3 BIUGHT N PHOTO FRtNGE REGISTERED NUMIIER: 08073756 REPORT OF THE TRUSTEES FOR THE YEAR EIYDFD 31 MAY 202 0￿ECTIVEs AND ACTTVITIES Esiablished as a project I W4, alld as & charity in ?(X)5, Moulsecoornb Forest Garden a￿d Wildlife Pmj¢ct- MFGWP - is a small ¢harity on the outskirt5 of Bri8hton located iu an ayea ofhigh dwivalioll with feiv commllnity Eaoilities. They oonttect peopl¢ with gaTdenins tood, and t￿tllre in various iTrw5, workiJ]g with primary and secondary schools to offer an altern81ive for pupils who struggle in a typical ci8Ssroom settiu& They ￿80 ]un a therapeiilic garden project fxbr people of all abilities. Im¢lugivity and diversity are at the heart of the gayden pmje¢4 with voluiiteeTs ivelcome ort Tuesdays k￿d Fridttys. By collaborating with local ￿h￿[s, social swvices. P￿11 irferral uniis, aL]d the youth S￿￿]re, 2¢IFliWP gllpports young people in piogte55ing wittiin ￿alAStstatn educaiion aDd achievin(F their full potential. PhoLO Fringe h¢ld open call tOT an artist to work tlie MFGWP during the summer of 2024. Artisi Beclcy Warnock w&5 selected Trorn a strong shortli5t. Shè imtnediat¢ly COI￿rCIEd widi the volllnteers, ttnd co-creaied a new body of WOEk witl) them. Daisy Bn)wn also iallght volwjters to us¢ ma￿0 lells Cameras to tht gardLn in intense d￿&11. Euall Spe￿(er W&S COTnmisgioued to take pbotogrllphs of th¢ £8rdell to help prornote it5 30th AnDiv¢L7ary. d]at Niras Celebrnt￿ in Jllly 2024 with a well-attended open day. FLmain8 wa5 raised from BHCC Shared Prosperity Fund. Chalk Cliff Trust and East BrigkntOD Ttust to 5UPPOrt the artist coIrl]￿s1O￿, When Th¢ Seeds Fall, htlp8=/ll024.photofring¢.DrpJexhibitian51wheD-Ihtrseeds-fall We &ubsequeJtly partnered wiLhNetWOTk Rail and Govia Thameslink to 8how&isE ihE resu]ting works Ilie foot ￿idge on MoidsecoDmb train st&tion. Ivith additional funding for the insta]]ation provided by GT Railways. The Bxhibition n]ains in sith February 2025. An outdoor ¥xhibition was held on Brighton seafro￿ on Raillbow Square by the 1360, durittg the Pholo Friub7e f¢stivaL ￿qth am estimated foorfall for the month ol October 2024 of 1.3tll people. We will also develop educ21ion resource pack for local ¢hildrcn that prornotts sustainable f￿d growing aT)d the u8¢ of phots)graphy Èo record borticukllral joum6ys of budding gardene￿. "This has been a lovely example of holy engaged our voLvDteers can be in a PToje¢i. inspired by talented artists who bring oirt ih¢ ￿5t in ptople. ￿￿Yi1)S creativity inclusiou, respect aTJd ftDL" Sugie Howe115, MFGWP Chair of TTUStces "Our volullteet3 alid primary school kids had so mucli futk ivith the project and SO PToud of the stu]]ning exbibits. Et really inspired some of the pwils to ￿￿￿u¥ photod of six weeks. Photo Fringers self-organised, devised amd cura*d &thibititsns alld events in DIY sLyle, illustratiDg the appetite for festiVAI prog)rammes to bring people to(5ether and thspitE new ￿nVersations. E¥iiibitOiB scoured the nooks and crannies of OLW hojne tyity al￿ beyond to lucate M'alls, ar¢ades, skatepwks. emporiums, g8rkws: ga11￿jeS. yo¥L gtt]di0s, coffee houses, In￿￿ets and more for their exhibition venues. Tbe kFr(trwing Online exbibitor base presented wod( from outside the regiion making the hybrid ftttival ¢Y¢n ULoie relevant alld acc¢$sible. P￿Tre 4 BR[Cl￿ON PHOTO FRJNGE GJSTERED TrIU R., 08073756 REl￿RT OF THE TRUSTEfi S R THE YEAR ENDED 31 MAY 202S OIAJEcfivES AM) ACTIVITIES As with every PhoLO Fring< al￿1¢nCeS had thc c11a￿e to uncnver exhibitions in uttexpected places l￿d coniril)ute conlenl. Olllin¢ rrails scl up by ollr cobort ot emergTing curalors iDwited alldienc£s Qt home to paTlicipate and join ill from wherever they live. Responding to call lur a Photu FTinge in Portsmouth gave us the challce to share our mode] foi. the fust time fllrther atou¥ tht coast revealing an elle￿￿¢t]¢ response and foundatio￿S for fvtt]re prourarntKLe5. Partnering. The Gaia Foundation took us into the lieart of a Jaiional programme and discourse around r(x)d production, regeDeiativ¢ farLning and ecolokry svpwrtinkT UUT missiL)ll to apply photography in catnpaigniiig for 8 greener, sater Ivorld. ACIl￿VE1￿ENTs Our open a¢ce&s festival ittvited everyon¢ to take patL here's what happened.. Ov¢r J tnillion people encountered our exhibitious in venues a￿d outs'ide, with 31.000 pag¢ Yiews un our website, and 9000 viSi￿r5. 102 txhibitions a¢rosg 72 venues 30 olliine exhibLfLOIIS 87 artists selt*t¢d throu￿ open call 523 exhil)itors took part 78 events ￿t￿nded by moye []￿L5000 people 53 artists &YJubit¢d in Poitsmoutb I I schools aDd ¢olleges took part the progranune We feathred ot) the fro￿ p8ge of local neMLspap¢r The ￿7118 and reviewed in The QTuardian and BBC new& aud in specialist P￿55. Portsmouth Plioto friTh8e was invited by photographers l￿d aitlS'L-led or￿n1$￿tL0ns in P0rtsrnu￿￿ to t]¢lp develop a Ph￿0 FriDge festival there. With Support from PbotowDrks and Ricardo R¢veroll Bl3hCQ at Aspex Gallery, we mentored Potnpey Darkro(iffj and UniVe￿ty of Portsrnouih tutojs and s(ud¢nts to host ev¢nt5 and exhibitions during Fringre 2024 festival, showcasing 53 artists a¢r055 th¢ tovq], with I l young photographer5 putting Oli their f￿# ¢xhibition at Aspex. We plan to build On this huge Succ￿5 tn 2026. N¢whaYen Duriug the 2022 festivat wt hosted an experitnental at the old Peacock store with an inst￿latIO0 by ￿tISt collective It-striicture and an outdoor exbibitinn co-LYeated bv artist Kathiyn Martin at)d local re5LdentS, Still in situ In Feb 2025. Building on this we worked.Ivith Creative Newhayen to d¢velop a hub in the new arts complex, Marine WoIk8hops. on Newhavet) HarbouT for the 2024 festival, with the n)ajor exh1Tr)ition A Land WithiJL curated by inoeptndent publisher aDd design stwlip Jane & JeYeJny* inrkndiub7 awla]n￿d artists Kattyi Marttn. Veronique Rolland, Rhiannon Adam and Alison Lloyd. Public benefit The Trnstees certify rhat they have pa&d dii¢ regard to the Charity CoJMuissiott guldattce on pttblic bellefit Tn deciding l]at activitie5 the Charity 8hould wJd¢rtake. 'fhis they belieye is demol￿￿tea inihi8 Teport. vtNANCIAL REVIEW Fina￿¢1￿] position Durillg the year the cbarity echieved asurplus on unrestricted activities of £5.i23 and this has been added to thB reserves brougbt ftxivard oE£I,596 to leave £6,919 to be Lwyied forward. Re￿r¥eS policy It has b¥en the policy ofthe Boayd of TNstees to build reserves for the charity- On 31 May 2025 th¢ chaTity had £6,919 unrestricted ttgerves. The cbarty has previously set a taTg¢t ot £1,000 per y¢￿. lo be raised through donations and sales. The Board is c0Th5idering how best to raise ￿ndS and generate more income for the charity. We atE actively seeking Trust¢e% fuod¥aising expertise> particutarty ill itidividual givi P48e 5 BRIGHTON PHOTO FRINCE GISTERED NUMBER.. 08075 REPORT OF THE TRUSTEES FOR THE YKAR ENDED 31 MAY 2025 srRucfuRE, GOVERNAFICE AND MANACEMENT Goi'ernlng docuwent Brigbtoii Photo Fri]we was incO￿0T￿ed on 17 MJY 20I2 (reoistErtd company T)umber 08073756). It 1P￿1ved ¢hJritable status on li Jllly 2012 (regislered chariry numbeT 11481091 and took over the a55¢t4 liabiLiii&8 activifies of til¢ UnincoTroT&ted A550¢ialioL1. BiiLhton Photo Fringe on l June 2012. The Charity is a company limited by guarantee and is governed by its Memiirandum andAnicles of A&4'ociation ￿￿'ed 17 May 2012 85 amended 2 July 2012. Rrcruitment and appointmcnt of new tru5tses The Trustses (Directon for Companie$ Act Purtx)sb>S) are li￿ed in this reporl. The sub5criber3 to th¢ Me￿Oran{lL￿ll are the fiTSt Th￿te¢S of the charity. and when cowl¢t¢ the Board sbould consist of at least 3 individuals. Decisions are tnad¢ by a ￿]nimuM of 3 Tn]stees at quarterly 'frusiee Mwlings. All decisiollg are recorded in ihe Minutes. Tasks are drlegated to Board ￿t￿be¢S or freelance staff who rep)rt to the TIu5fees each month. Pro.oress is monitored by tIiL Tru5tec5 at cacb meEtii)g. Org&nlsatlollAI upd%te In Au.tsu9[ ?025 Claire W&irn decided to stand dowtt as Director. Chair RBbecc& Drew and Trustec l.lelen Wade, the Board Comnts lead, have also indicated they will step down ODce replacements have been recnJÉted A public Trustee reGruilJnetti process has been lauD¢hcd. New stalTwill'be rectuiied in Spring 2026. lkn¢ Chair of ih¢ Board wuiild like to tak¢ thi5 OPPDrtlltLitv lo thank ClaiTtt fur her d￿*￿18￿ and dedication to photo Flinge during het renutE. The festival hzs thtiv¢d ￿ftder het leaderstup. ￿ld we wish her well in all hcr ￿t￿re eudeavoty. Illductstin and training of Érustees 'I']usLces are recruited in a¢cordance with the eql￿7 opportunities and recJiiYttllellt policy. SU￿esSfuL 8pplicani$ artend an IFe's policies Rnd pro¢edures, the rol& inductioii meetihg with tbe Chairyeison and are introdllced to JITighton Photo Frin. and respDnsibilities Of being a Tru$t¢e Èlnd ￿j￿Id￿Ce from the Ch￿]ty. CortuniS￿L0n and Compauies Ho￿Se. One third (or the nujnbcr nearest one ihiyd) of the Trustees must retire at each AGM, those longtst it) office r￿lrI￿, f1rst alld the dLoi¢e between any of cqual ￿TviCE being made by dra￿'ing lots. A Tnstce retiring under this Article may siand for re-eledion. REFEREf¥4CE AND ADMfiNtSTRATIVE DlITAtGs Reglstered C0[np￿Y number 08073756 (￿Sland zTrd Waies) Reglgtered Cbarlty number 1148109 Registered offlce Grey¢ot Leive5 Road BTightou East Sussex BNI 9JS TrustEe$ Mq R DIew {Chair) M5 K Watson Iru'signed 12.225) Ms H Wadc (reSi￿ed 142.26) R M Wathinb M5 T E Silvey {resigAed 14.226) M5 C Samta-Ana Ms R Rogers (appointed 12_2.25) Ms B Iloakes (appointed 12.2.25} M Ballard (appointrd 142.26) Page 6 BRIGHTON PHOTO FRINGE REGISTERED twTrtBER: 08Q73750 REPORT OF THE TRUSTEI Ei S FOR THE YEAR CNDED 31 MAY 2025 REF£4 RENCE AM) ADMTNtSTRATIVE DETAILS Independent Examiner c[￿LStopher Kobert Tyl¢r FCA DChA FCIE FI CRT LiJuited Flat 24 Wellingtonia C4)urt Laine Close Brighto Easl. Sussex BNI 6TD Il¥nker$ Tht Co-OperaL'ive B8nk POBDX 250 Skeknersdaie 6WT Working name l)hoto Fringe STA TEMET4T OF TRUSTEES, RESPONSIBlllTIES The tTuslees (who are also the directo￿ of Brighton Photo FfiDge for the pury%)ses ot collyany law) Flre reSPDnsJI)l¢ tor preparillg the Report of thè Trnstees and the fi￿￿￿¢1&1 ststeineJLts accordallLe writh applicable law and United Kingdom Accounting Standards {Unl￿d Kingdoin Generally Acceptsd Accoullting Ptactice). Conwany law Tequire6 the trustees to prepare filla￿CIaL stalemwt8 for each fllmllcial y¥di' whicli give a true fair view of the stktte of affairs ot die ¢l]aritable compaiiy tu)d of the illcoming try()urces and app]icaiioi) ot resources, itLcludiDg tli¢ iiicome and expejjditure, of the cliaritable cotnpany for that period. In p￿p￿ing those fmancial statements. the trustees arc req￿Ired to select suitable acCDuntr￿s policies a￿d then apply ihem consistently. obser¥e the jnet1￿dS alld principles itt the Charity SORP: tnake judgements aTLd estimat¢8 that are reaSDj￿bse and PTlldent- prepare the financial siateinettt5 OtL the going conctrrll basis uttless ii is inapprop17￿¢ to presume that the chayitsble ompany will cuntitLue in busines5. The tlljstees atE respgnsible for ktePiDg proper accountinTATEMENTS- continued FOR YHF YEAR ENDED 31 MA Y 2(n5 ii. MOVEMENf IN FUIYDS- continued 2024.2(125 Guia Foundatio￿ towards & comn]i85ion by Atyita Shah for Wc Feed rhe U Goyia Thamesliiik: towaLd$ Garden Estats ptX>j¢eL Newhaven Creative5: towards A Laud Within &Yhibition Photoworks.. towards the Portsmouth Hub and Daniiy Wilson M¢morial Awai'ds UCL Lolldon Ci)Ile8e of CoJ]]rnunicatioii'. toward5 the Danny Wi]30b Memorial Awards University o£BrighLon'. towards intemships 1£ RCI LATED PARTY DISCLOSURES There wer¢ no related party transactiuns 'for the ￿ar ended 31 May 2025. P4e 16