2025-03-31-accounts

Charity number: 1155871

THE GORDON BRAMAH CHARITABLE SETTLEMENT

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

CONTENTS

	Page
Reference and administrative details of the charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Statement of cash flows	8
Notes to the financial statements	9 - 19

Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees	Susan P Burgess-Smith
	Michael H Banks
	Jacqueline M Bramah(deceased 23 August 2024)
	Jennifer M Banks
	Mark C Burgess-Smith
Charity registered number 1155871 Principal office 22 Arterberry Road London SW20 8AH Investment Advisors Rathbones Beech House 61 Napier Street Sheffield S11 8HA Solicitors Wrigleys Solicitors LLP Derwent House 150 Arundel Gate Sheffield S1 2FN Independent examiner Rachel Heath FCCA DChA BHP LLP Chartered Accountants Albert Works Sidney Street Sheffield S1 4RG

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 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 published (FRS102) published in October 2019.

Structure, governance and management

a. Constitution

The charity was founded by Gordon Bramah in December 2013 and endowed by him the following year. Gordon sadly died in December 2017 and the charity, bearing his name, continues his philanthropic work. His daughter, Penny BurgessSmith, is the sole remaining trustee with a blood link to him. In the 11 years since endowment the charity has made grants and gifts of more than £500,000.

Although the charity has broad powers, it is primarily concerned with supporting charities operating in the North Derbyshire and South Yorkshire areas. As a general principle its priority is donating to capital projects rather than supporting ongoing expenditure.

The Trustees who served during the year are:

Mrs J M Bramah (deceased 23 August 2024) Dr M H Banks Mrs S P Burgess-Smith Mrs J M Banks Mr M C Burgess-Smith

New Trustees must be appointed by a resolution of the Trustees.

When new Trustees are appointed they are briefed on the objects of the charity and given a copy of the charity's constitution and latest accounts.

The Trustees meet twice each year to consider appeals.

All Trustees give their time freely and no Trustee was remunerated in the year.

The principal risks to which the charity is exposed are the security and the performance of the investments and cash. The Trustees are satisfied that they have arrangements in place to mitigate those risks.

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities

a. Strategies for achieving objectives

Public benefit

The Trustees have referred to the guidance on public benefit issued by the Charity Commission when reviewing the trust's objectives and grant making policies.

The charity has continued to meet its objectives and fulfil its public benefit requirements by making grants, pledges and gifts to a wide range of local projects.

Achievements and performance

a. Main achievements of the charity

Details of the grants made and authorised are set out in the notes to the accounts.

Financial review

a. Financial review

Total income for the year was £98,130 (2024: £102,085) being investment income on the Trust's investment portfolio.

Total expenditure for the year was £87,490 (2024: £66,085). Investment management costs were £11,572 (2024: £12,691). Expenditure on charitable activities was £75,918 (2024: £53,394), which included governance costs of £4,998 (2024: £4,166).

Net income for the year was £10,640 (2024: £36,000). After taking into account the losses on investments of £99,151 (2024: £60,244 gains), there was a net deficit of £88,511 (2024: £96,244 net surplus).

At 31 March 2025 the charity's expendable endowment fund amounted to £1,906,080 (2024: £2,016,803) and unrestricted funds were £298,237 (2024: £276,025).

b. Reserves policy

At 31 March 2025 the charity had unrestricted free reserves amounting to £298,237 (2024: £276,025). The trustees consider it to be prudent to hold income reserves of this order partly so the level of grants in the immediate future can be sustained in the event of any unforeseen fall in income and partly to enable the Trustees to make one or more substantial grants without prejudicing the normal pattern of grant making.

c. Investment policy

The investment objective is to maximise the funds of the charity, achieving a level of income commensurate to the asset mix and capital growth ahead of inflation over time. This objective should be achieved undertaking only a moderate level of risk.

The charity's investments are managed by the investment advisors on a discretionary basis.

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the Trustees of The Gordon Bramah Charitable Settlement ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Signed:

Dated: 27/11/2025 GMT

Signer ID: WKOLTHN6RI...

Rachel Heath FCCA DChA

BHP LLP Albert Works Sidney Street Sheffield S1 4RG

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note Income and endowments from: Investments 4 Total income and endowments Expenditure on: Raising funds 5 Charitable activities Total expenditure Net income/(expenditure) before net (losses)/gains on investments Net (losses)/gains on investments 10 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward 13	Unrestricted funds 2025 £ 98,130 98,130 - 75,918 75,918 22,212 - 22,212 276,025 22,212 298,237	Endowment funds 2025 £ - - 11,572 - 11,572 (11,572) (99,151) (110,723) 2,016,803 (110,723) 1,906,080	Total funds 2025 £ 98,130 98,130 11,572 75,918 87,490 10,640 (99,151) (88,511) 2,292,828 (88,511) 2,204,317	Total funds 2024 £ 102,085
				102,085
				12,691 53,394
				66,085
				36,000 60,244
				96,244
				2,196,584 96,244
				2,292,828

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

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Note Cash flows from operating activities Net cash used in operating activities 16 Cash flows from investing activities Dividends and interest from investments Proceeds from sale of investments Purchase of investments Net cash provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 17	2025 £ (87,298) 92,459 124,790 (125,741) 91,508 4,210 205,514 209,724	2024 £ (65,875) 103,538 349,827 (348,098) 105,267 39,392 166,122 205,514

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The Gordon Bramah Charitable Settlement is a registered unincorporated charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activity is grant-making activities.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Gordon Bramah Charitable Settlement meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

The charity has sufficient reserves to enable it to continue for the foreseeable future. Therefore, the trustees believe it is appropriate for the financial statements to be prepared on the going concern basis.

2.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Endowment funds are those held on trust to be retained for the benefit of the charity as a capital fund. There are discretionary powers to convert capital into income and as a result, these funds are classified as expendable endowment.

Investment income, gains and losses are allocated to the appropriate fund.

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on raising funds relates to investment management costs.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

All expenditure is inclusive of irrecoverable VAT.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no accounting estimates and areas of judgment that are considered to have a material impact on the financial statements.

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. Investment income

Investment income Total 2024	Unrestricted funds 2025 £ 98,130 102,085	Total funds 2025 £ 98,130 102,085	Total funds 2024 £ 102,085

5. Investment management costs

Investment management fees Total 2024 Charitable activities expenditure Grants paid (note 7) Governance costs (note 8)	Endowment funds 2025 £ 11,572 12,691	Total funds 2025 £ 11,572 12,691 2025 £ 70,920 4,998 75,918	Total funds 2024 £ 12,691
			2024 £ 49,228 4,166
			53,394

6. Charitable activities expenditure

In both years all charitable activities expenditure was unrestricted.

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7. Grants paid

Sheffield University GTIMC PhD sponsorship Sheffield Institute for Translational Neuroscience (SITraN) ReACT Friends of Cromford Canal Chesterfield Canal Trust Sick Children Trust - Treetops House, Sheffield Children's Hospital Hearing Dogs for Deaf People (N. Derbyshire and S. Yorkshire)	2025 £ - 62,500 - - - 3,420 5,000 70,920	2024 £ 31,728 - 7,500 5,000 5,000 - -
		49,228

8. Governance costs

Independent examination fees Trustees' expenses Bank charges Domain name costs Net income/(expenditure) This is stated after charging: Independent examination fees (net)	2025 £ 4,032 905 61 - 4,998 2025 £ 3,360	2024 £ 3,840 242 63 21
		4,166
		2024 £ 3,200

9. Net income/(expenditure)

During the year, no Trustees received any remuneration or benefits in kind (2024 - £nil).

During the year, 2 Trustees received expenses amounting to £905 in relation to travel expenses (2024 - 1 Trustee - £242).

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10. Investments

Market value Brought forward Additions at cost Disposal proceeds Net (losses)/gains on revaluation Market value at 31 March Investment cash Investments comprise of: UK Europe Other Historical cost Historical cost of investments held at 31 March Debtors Accrued income	2025 £ 2,075,117 125,741 (124,790) (99,151) 1,976,917 160,275 2,137,192 509,704 138,705 1,328,508 1,976,917 1,765,573 1,765,573 2025 £ 21,708 21,708	2024 £ 2,016,602 348,098 (349,827) 60,244 2,075,117 155,691 2,230,808 586,644 149,525 1,338,948 2,075,117 1,758,821 1,758,821 2024 £ 16,037 16,037

11. Debtors

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12. Creditors: Amounts falling due within one year

Accruals Statement of funds Statement of funds - current year Balance at 1 April 2024 £ Unrestricted funds General funds 276,025 Endowment funds Endowment funds 1,700,507 Revaluation reserve 316,296 2,016,803 Total of funds 2,292,828	Income £ 98,130 - - - 98,130	Expenditure £ (75,918) (11,572) - (11,572) (87,490)	Transfers in/out £ - 5,801 (5,801) - -	2025 £ 4,032 Gains/ (Losses) £ - - (99,151) (99,151) (99,151)	2024 £ 3,840
					Balance at 31 March 2025 £ 298,237
Unrestricted funds General funds Endowment funds Endowment funds Revaluation reserve Total of funds
					1,694,736 211,344
					1,906,080
					2,204,317

13. Statement of funds

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General funds Endowment funds Endowment funds Revaluation reserve Total of funds	Balance at 1 April 2023 £ 227,334 1,735,302 233,948 1,969,250 2,196,584	Income £ 102,085 - - - 102,085	Expenditure £ (53,394) (12,691) - (12,691) (66,085)	Transfers in/out £ - (22,104) 22,104 - -	Gains/ (Losses) £ - - 60,244 60,244 60,244	Balance at 31 March 2024 £ 276,025
						1,700,507 316,296
						2,016,803
						2,292,828

14. Summary of funds

Summary of funds - current year

General funds Endowment funds	Balance at 1 April 2024 £ 276,025 2,016,803 2,292,828	Income £ 98,130 - 98,130	Expenditure £ (75,918) (11,572) (87,490)	Transfers in/out £ - - -	Gains/ (Losses) £ - (99,151) (99,151)	Balance at 31 March 2025 £ 298,237 1,906,080
						2,204,317

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14. Summary of funds (continued)

Summary of funds - prior year

General funds Endowment funds	Balance at 1 April 2023 £ 227,334 1,969,250 2,196,584	Income £ 102,085 - 102,085	Expenditure £ (53,394) (12,691) (66,085)	Transfers in/out £ - - -	Gains/ (Losses) £ - 60,244 60,244	Balance at 31 March 2024 £ 276,025 2,016,803
						2,292,828

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2025 £ 231,112 71,157 (4,032) 298,237	Endowment funds 2025 £ 1,906,080 - - 1,906,080	Total funds 2025 £ 2,137,192 71,157 (4,032) 2,204,317

Analysis of net assets between funds - prior year

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2024 £ 214,005 65,860 (3,840) 276,025	Endowment funds 2024 £ 2,016,803 - - 2,016,803	Total funds 2024 £ 2,230,808 65,860 (3,840) 2,292,828

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net (expenditure)/income for the year (as per Statement of Financial Activities) Adjustments for: (Gains)/losses on investments Dividends and interest from investments Increase in creditors Net cash used in operating activities 17. Analysis of cash and cash equivalents Cash in hand Cash held in investment portfolio Total cash and cash equivalents 18. Analysis of changes in net debt At 1 April 2024 £ Cash at bank and in hand 49,823 Cash equivalents 155,691 205,514	2025 £ (88,511) 99,151 (98,130) 192 (87,298) 2025 £ 49,449 160,275 209,724 Cash flows £ (374) 4,584 4,210	2024 £ 96,244 (60,244) (102,085) 210 (65,875) 2024 £ 49,823 155,691 205,514 At 31 March 2025 £ 49,449 160,275 209,724

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9

THE GORDON BRAMAH CHARITABLE SETTLEMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

19. Grant commitments

The Charity has entered into a Grant Agreement with the University of Sheffield to fund a PhD student at the Gene Therapy Innovation and Manufacturing Centre. The total commitment is £111,087, of which £31,728 was paid in 2024. The Charity has also entered into a Grant Agreement with the University of Sheffield to support the Sheffield Institute of Translation Neuroscience expanded facility, the total commitment is £125,000 of which £62,500 has been paid in the year.

20. Related party transactions

There are no related party transactions to disclose (2024 - none).

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Document ID: 6f4a1e26c7aec129bab345b4f6c48ca6e8d9fc20841e540c34c633bdbabe2aa9