COMPANY REGISTRATION NUMBER: 10313561 CHARITY REGISTRATION NUMBER: 1169987 Okehampton Skills and Sports Trust Company Limited by Guarantee Unaudited Financial-statements 30 September 2023 WESTCOThS Chartered Accountants 7C Cranmere Road Exeter Road Industrial Esiate Okehampton Devon EX20 1 UE "ADC39URS* 2110912024 CCWANIES HOUSE 111
Okehampton Skills and Sports Trust Company Limiled by Guarantee Flnancial Slalements Year ended 30 September 2023 Page . Trustees, annual report {incorporaling the director's report} Independent examinerfs report to the trustees Slatement of financial activities (including income and expendilure account) Statement of financial position Stalemenl of cash flows Notes to the financial statements 10
Okehampton Skills and Sports Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 30 September 2023 The ITuslees. who are also the directors IOT the purposes ol company law. present their reFL)rt and the unaudited financial slatemenls of Ihe charily for the year erKled 30 Seplember 2023. Reference and administrative detai15 Regislered charity name Okehampion Skills and Sr*Jts Trust Charlly registratlon number 1169987 Company.registiation number 10313561 Principal otlice arml regislered Fairways office Tanners Hill Okehamplon EX20 4ND The truslees Mr A Ewen Mr R Meiherell Mr S Essex Mr D Brett Mrs C Marsh Independent examiner Mrs S L Watts FCCA DChA Weslcotts (SWI LLP Chartered Accounlanls 7C Cranmere Road Okehampion Devon EX20 1 UE
Okehampton Skills and Sports Trust Company Limited by Guarantee Truslees. Annual Report. (Incorporallng the Director's Report) (contthtsedi Year ended 30 Sepiember 2023 Slructure, governance and managemenl Conslitulion Okehamplon Skills and Sports Tiusl is registered as"a charitable company limited by guarantee and was sel up by a Memorandum ol Association on 0410812016. Ils registered nurnber is 10313561 and ils charity number is 1169987. The Charity is the ! 00% Shareholder ol Okeharnpton Sports and Skills Trading Company Limrted. a private company limrted by shares and incorporated in England and Wales, its company number is 11835225. Methods of appointment of ele¢iion of trustees The management of the company 15 the iesponsibilty ol the Truslees vtho are elected and co-opted under the terms ol the Memorandum ol Assctialion_ The Charity recruitment policy tried 10 ensure all required thlls are covered amongsl the Board of Trustees. Truslee induction and trnining New Iruslees are brieled on their legal obligations under charity law and receive a copy of the governing document, Trust Policies and Procedures and recent financial slatemenls, minutes elc. Trustees are encouraged to allend external training event5 where p055ible and to ensure they keep up lo dale with charKJes in law etc by reading newslellers issued by the Charity Commission and any other guidance notes that are relevant. Organlsations structure and decision making. The Boaid ol Trustees administers ihe Charity. The Board meets several limes a year and at each meeting covers relevant matters including linance. The Trustees we also Te5wnsible lor the day lo day operations of the Charity. Objectives and activities ' Policies and objectives The Principal objective of the company is to provi(Je affordable business premises for start-up sinesses, vocational training opwrtunilies and sports facilities for Ihe loca] community. The Charity's longer term aims are.. I l The advancement ol edvcatiorn, training and relfaining, by the provision of wort( space and bjildings., 21 The provision for recreational facilities in the local area. In setting objectives and planning lor aclivities, Ihe Trustees have given the consideration lo general guidance published-by the Charty CommissKJn relaling.to Wb1 benefit. Includi the guidance 'Public 8enelil'. runnirYJ a chwrty IPB21'. Activities undertaken to achieve objectives The Charity will develop land lo creale industrial unrts and SFOrts facilities. Stralegic report The following sections for achievemenls and performance and hnarial review form the slralegic rewrt of the charty.
Okehampton Skills and Sports Trust Company Limited by Guarantee. Trustees. Annual Report (Incorporating the Direclor's Report) {¢WfthuedJ Year ended 30 Sepiember 2023 Achievemenls and perfomwi¢e Review of activities On the Industrial sile- A30BC_' Buikling 1 is proving lo be very successful. So far we have Tented 22 lout of 351 on the fi fthr, and 9 loul 01161 on the ground floor, and sold 5 units on the ground Iloor. We have recently enhanced the cenlral area on the first Ikx)r by converting il into 3 additional small meeting rooms. to improve the facilities available lor IranirKJ and for use by the'offu occupants. The second building.is neaily completed lo a Ve1 Ihal will enable il lo be wt up lor sale -either as separate units or as a whole. The Trust is investigating the needs of the local bLJikJing community. ol what training facilities they would like lo see in the Okehamplon aTea- and which we would be able to provide. A308C could use. outside and inside areas lor practical and desk t¥)und training sessions. Unlortunalely the Trust has had lo abandon &an5 for 3G sports pitches * Simmons Park in Okehampton arKJ at Si James Primary School due lo planning issues. A grass pitch has been provided al.sl Jame5 primary 5thyJ. Alternativeplans lor 5PQrts pitches are al present under review. The Old Mill sile is also al a sland51ill. while we wail lor furthe( sutveys lo be done lor bals and nesting birds. Only then can partial demolition of the dangerous buiklings tse carried out. Investment policy At present all funds are being invested in the crealKJn ol industrial unils and sports facilits. Any remaining funds are left in the current account. Financial review The charity has made an operating surplus in the period amounling lo £86,71912022.. £568.5421 and has nel assets al Ihe balance sheet dale amounting lo £3.296.381 {2022.' £3,209,662). Prior Year Adjustment When prewing the 2023 accounts. il was idenlilied that sums previously analysed as donations from the trustees. were actually a loan from one ol Ihe Iruslees. These lurids have provided working capital, and fepaymenls are now being made as the Charity se115 the leases al the Sile. For clarity we have restated all ol Ihe comparaiive ligures to give sensIte comparative figures. Going eoncem After making appropriate enquiries, Ihe Trustees have a"reasonable expectation that the company has adequate resources to continue in operational existence lor the foreseeabie lutuie. The Tiuslees continue lo adopt the goiro concem basis in pweparing the financial slatemenls. Further details regarding the adoplKsn of the going concem basis can be found in the accounting pjlicies. Reswves policy The charity does not hold any Iree reserves at the period end. All funds have been invested in core developments ancl the charity does not expect lo build any reserves until such lime as the charity commences operations, The Trustees consider that no free reseNes are required and that this is in line with plans al present.
Okehampton Skills and Sports Trusl Company Limited by Guarantee Truslees. Annual Report (Incorporaling the Directorfs Report) (¢ortlnuedl Year ended 30 September 2023 Principal risks a1 uncertaintles The principal risk affecting the chartty is the risk ol further planning delays lo the timing ol the completion of the VarS sporting projects planned by the chaTity- The TTU51ees are hopeful thai the relevant planning mallers can be deatt with promptly as noted at(iiie. Plans for future periods We continue lo work hard lo achieve Ihe Trust's objectNes to help the Okehampton ¢chnmunrty. Approved by tyder ol the members of the Board ol TrUStS and svjned on their behaW: Mr S Essex (Tfustee)
Okehamplon Skills and Sports Trust Company Limiied by Guarantee Independent Examiner's Report to the Trustees of Okehamwon Skills and Sports Trust Year ended 30 September 2023 I reFQrt lo Ihe Iruslees on my examirolion ot the financkql slatements of Okehampton Skills a1 Sports. Trust I'the charity'l lor the year ended 30 September 2023. Responslbilities and basls ol report As the Iruslees of the company land 50 its direct5 for Ihe purposes of company lawl you are responsible for the preparation ol the financial Slatemenls in accordance wtth the re(NJirements of the Companies Act 20061'lhe 2006 P£l'l. Having satisfied myself that Ihe accounts ol Ihe company are nol required lo be audited under Part 16 ol the 2006 Act arKI are e1ible lor independent examination. I report in respect of my examination of the charty's accounts as carried out under section 145 01 the Charities Act 2011 I'the 2011 Acl'l. In .carrying out my examination I have lollowed the Directn5 given by Ihe Charity Commission under section 1451Sllbl ol the 2011 Ath. Independenl examlner's stalement Since the charity's gross income excee(led £250.0(N) your examiner musl be aliiember of a trlxly listed in section 145 01 the 2011 Act. I confim) that l am qualified lo undertake the examination because l am a member ol the Institute ol Chartered Accryjnlants in EnglaThY Wales IICAEWI. which is one ol the listed b¢xlies. I have compleied my examinalion. l (x)nlirm that rt) matters have come lo my alleniion in connection wrth.the examination giving me cause to believe= accounting records were not kept in respect of the charity as requirecl by section 386 of ihe 2006 Act. or Ihe financial siaiements do not aecord wr(h Ise records" or the financial slalemenls do nol compty with Ihe account requirements ol section 396 01 the 2006 Act other than any requirement that the accounts give a Xrue and lairf view which is not a matter considered as part ol an independent examination: or the financial siatements have not been prepared in accordan wlh.the methods and principles of the Statement ot Recommended Praclice for accounting and reporting by charities applicable lo charities preparing their accounis in accordance with the Financial FlepIng Siandard applicable in the UK and Rewjblic ol Ireland IFRS 1021-
Okehampton Skills and Sporls Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of Okehampton Skills and Sports Trust (¢ontIn4) Year ended 30 September 2023 I have no concerns and have come across no Other matters in connection with the examination lo whh attention should be drawn rn this report in order io enable a proper understanding ol the accounts to be reached. Mrs S L Walls FCCA DChA Independent Examiner West¢oiis ISWI LLP 7¢ Cranmere Road Okehampton Devon EX20 1UE Oale:
Okehampton Skills and Sports Trust Company Llmiied by Guarantee Staiement of Financial Activilies (including income and expenditure accounl) Year ended 30 September 2023 2022 las reslaledl )23 Unrestricted . fund5 Total.lund5 Total funds Income and endowments Donations and legacies Charrtable aclwilies Investment income 428.862 168.011 2,058 569.448 2,368 569,448 2.368 Total income 571.816 571.816 598.931 Expenditure Expenditure on charitable actNlties Tolal expenditure 485,097 485.097 485,097 485.097 30.389 30.389 Net income and net movement in funds 86,719 86,719 568,542 Reconciliation of lunds Total funds brought IonhTard Total funds carried foNard 3.209.662 . 3.209.662 2.641,120 3,296,381 3,296,381 3,209,662 The statement ol financial aclivilie5 includes all n5 aThY1055es recognised in the period. All income and expenditure derive from continuing actrvilies. The nrA•s on pages 10 to 17 forrii part of these finan¢l•l st•tement&
Okehampton Skills and Sports Trust Company Limiled by Guarantee Statement of Financial Posftlon 30 September 2023 2022 las reslaledl 2023 Noie Fixed assets Tangible fixed assets Invesimenls 14 3,312,076 15 3,455.648 3,312,077 3,455.649 Currenl assets Deblors Cash at bank and in hand 16 228.860 141.272 158,821 163,928 322,749 370.132 Creditors: amounts falling due within one year Net current assetsl(liabilities> Tolal assets less current liabilities 17 385,828 568.736 115,6961 3,296.381 3,296,381 {245.9871 3,209,662 3,209,662 Net assets Funds of the charity Unreslricled luThJs' 3,296.381 18 3.296.381 3,209,662 3,209.662 Total charity funds For the year ending 30 September 2023 the charity was entit1 to exemption Irom audil under section 477 of the Companies Act 2006 relaling to small companies. Direclors, respJnsibilities= The members have not required the company lo oblain.an audit of ils financial stalemenls lor the period in question in accordance with section 476-. . The directors acknowledge their responsitslrties lor complying vh the requirements ol the Act with respect lo a¢xounling records and Ihe preparation ol financial slatemenls. These financid statements have been prepared in aca)rdance with the provisions applicable lo companie5 subj'ect lo the small companies. regime. e li anc 41.yjd slalemenls were awoved by the Ixwd of Irustees and aulhoriseLI lor issue on nd are signed on behall of the trard by.. r S Essex Trustee The statement of financial position continues on the following page. The notes on pagts 10 10 17 form part of thÈ5e tinancial slatwnfrnls
Okehamplon Skills and Sports Trust Company Limited by Guarantee Statement of Cash Flows Year ended 30 Sepiember 2023 2023 2022 Cash flows Irom operating activities Nel income 86,71.9 568,542 .Adjusiments lor.. Other inieresl receivable'arKJ similar income 12.3681 (2,0581 Changes in.. Trade and other debtors Trade and olhei creditors 170.0391 1182,9081 231,404 {6,7451 187.578 Cash generaled from operations 747,317 Interest received 2.368 2.058 Net cash from operatiThJ activities 233,772 749,375 Cash flows from investing acliviiies Purchase ol tangible assets Nel cash used in investing actwities 143,572 1669,7181 1669.7181 143.572 Net increase in cash and cash equivalents Cash and ¢a$h equivalents at beginning of period Cash and cash equivalents at end ol period 122,656) 163.928 79,657 84.271 141,272 163,928 The nole$ on page$ 10 to 17 form part of these flnancial $tatement&
Okehampton Skills and Sports Trust Company Limited by Guarantee Notes lo the Financial Statements Year ended 30 September 2023. Genefal Infomiallon The charity is a public benefit entity and a prNale company limited by guarantee, regislered in England and Wales and a registered charity ill England and Wales. The address ol the registered office is F"airways, Tanners Hill, OkehamplCHI, EX20 4ND. Statement ol compliance These financial statements have been wepared in compliance with FRS 102, The Financial Reporting Standard apICable in the UK and the Republic of Ireland., the Slalement of Recommended Practice applicable to charrties preparing their accoun15 in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 1021} and Ihe CompanEs Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on Ihe hislorical cost basis, as modified by the revaluation ol certain linancial assets and liknlrties and inveslmeni properties measured ai fair value Ihrough income or expenditure. The financial statements we piepared in sterling. whh is the lunclional currency of the enlty. Going concern The accounts have been prepared on the going concem basis. The Trusiees have reviewe(J the circufflslance5 of the Charity and consider that adequate resources continue lo be available lo lund the actwilies of the Charity lor Ihe foreseeable lulure. The Trustees have assessed thai ihe Charrty has suflicienl cash balances to fflrtigale any potential impact arising. Fund accounting Unreslricled funds are available for use al discretion of the Iruslees to further any ol the charity's wrposes. DeswJnated funds are unrestricted funds earmarked by Ihe trustees foT a particular future project of commitment. Restricted funds are subjected to reslfidions on their expenditure declared by the donor or through the terms of an appeal arKS lall into one ol tsvo svClasses.. TeslrTrued income lunds or endowment funds. Incoming resources All income is included in the slatement ol financid *Nities when entillemenl has passed lo the charity. Il is probable that the economic benefits associated with the Iransaclion will flow lo the charity arKJ the amount can be Teliably measured. The folk>wir¥J specific policies applied lo particular categories of income-. 10
Okehampton Skills and Sports Trust Company Llmlted by Guarantee Noles to the Financial Statements (ciw Year ended 30 September 2023 Accounting policles {¢ortllmJ Incoming resources fcontinuedj income from donaiions or granis is recoJnised when Ihere is evidence ol enlillement lo the gift. reIpl is probable arKI r(s amount can be measured reliably. income Irom donaled goods is measured at the lair value ol the goods unless this is impraclul lo measure ie14ably. in which case the value is derNed from ihe cost to the donor or the esiimated resale value. Donated facilities and services are recognised in the accounts when Te¢eived rf the value can be reliably measured. No amounts are included lor the conlfitxilion ol general volunteers. Resources expended ExFenditure is recognised on an accruals basts as a liability is incurred. Expenditure incluoles any VAT which cannol fully recoveied. and is dassilied under headir4Js of the statement ol financial aetivilies lo which il relales.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading aclivilies. the sale ol donaled gCJJs. expenditure on charitable aciivilies includes all cos15 IrKurred by a charity in undertak.ing activities Ihal luflher ils charitable aims lor the benefit of ils beneficiaries, including those supwrt costs and costs relating to the governance of the charity apFOrtioned lo charitable a¢iivities. other expenditLJre includes all expendtlure that is neiiher related lo raising lund5 lorlhe tharily nor part of ils expendilure on charitable activilies. All costs are allccated lo expenditure categories relleclirYJ the use ol the resouT¢e. Direct costs allribulable lo a single activity are allccaled direclly lo Ihat aclivily. Shared costs are apportioned between the activtties they wntribute to on a reasonable, justifiable and consisleni basis. Tangible assets Tangible assets are inilially recorded al cost. and SUbsUentIY slated at cosl less any accumulated depreciation and impairmenl losses. Any tangible assels carried al revalued amounts are recorded al the fair value al the date of revaluaiion less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is charged so as to allocate the cost of lange fixed assets less their residual value over their estimaled uselul lives. Deprecialion is provided on Ihe f(Alowing bases.. Freehold land- Noi depreciated Assets under con5truclion- Nol depreciated until brght in to use Investments Unlisted equity investments are inilially recorde(l al 1, and subsequently rneasureLI al lair value. 11 fair value cannot be reliably measured. assels a measured al cost less impairment. Listed inveslmenis are. measured at fair value wilh thahges in fair value being reccgni5ed in income or expendrture. 11
Okehampton Skills and Sports Trusl Company Limited by Guarantee Notes lo the Financial Statemenls (¢0th1) Year ended 30 September 2023 Accounting policies Impalrnient of lixed'¥ssets A review indicators ol impaimienl. is carried out at each reporting dale. with the recoverable amount LEing estimaled where such indicalors exist. Where the carrying value exceeds the recoverable amounl. the asset is impaired accordingly. Prior impairments are a150 reviewed for possible reversal ai each retKJrting dale. Financial instrurnents A financial asset or a finartial liability is recognised only when the enlily becomes a party lo the coniractual provisions of the inslrumenl. Basic financial instruments are initially reeognised al the amourrt recewable or payable including any related transaction costs, unless the arrangemenl conslilules a financing transaction, where it" is recognised al the presenl value of the lulure payments diswunted al a market rale of inleresl lor a'similar debt instrument. Current assets and current liabilities are subsequently measured al the cash or other nSideration expected to be paid or received and nol discounle(l. Debt inslruments are sub5equenlty measured at amrti5ed t. Limited by guaranlee Okehampton Skills arKI Sports Trust Is a company limited by guarantee and accordingly does not have share capital. Every memter of the company undertakes lo contribute such amount as may be required. not exceeding £1. to the assets of the charitable company in the event ol it being wound up while he or she is a member, or within one year after he or she ceases lo be a member. 12
Okehampton Skills and Sports Trust Company Limited by Guarantee Notes to the Financial Statements (conUmi¢ Year ended 30 September 2023 Donations and legacies Unrestricted Total Funds . Unreslricled Total Funds FulS Funds 2022 Donations Donations Gift aid 325,000 103,862. 325.000 103,862 428,862 428,862 Charitable a¢tivities Unreslrict&l Tolal Funds Unrestricted Total FurKJs FuThJs 2023 Funds 2022 Sale ol. leases Rental income 468,000 101,448 569.448 468,000 101,448 141,000 27,011 168,011 141,000 27-,011 168.011 569,448 Inve51menl incorne Unreslricled Total Funds Unre51ricted Total Fvnds Funds 2023 . Funds 2022 Iniercompany k)an interest 2.368 2,368 2.058 2,058 Expenditure on charitable activities by fund type Unrestricled Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Charitable activities Supwrt costs 483.504 483,504 1,593 1,593 485,097 26,913 3,476 26.913 3,476 30,389 485.097 30.389 13
Okehampton Skills and Sports Trusl Company Limited by Guarantee Notes to the Financial Slatemenls (eoniiftu Year ended 30 September 2023 Expenditure on charitable activities Unrestre Tolal 2023 Total 2022 Leasehokl costs released Rates ar water Lh1 and heat Insurance Cleaning and site amenities Advertising and marketing Flepairs and mainlenance Letting agent lees Other prolessiond services Security Subscriptions Telephone Bank charges Sundry expenses 400,Oi 2.201 854 6,692 6.669 2.841 400.000 2.201 854 6.692 6,669 2.841 2.445 52,116 4,073 2.894 72 1,996 351 301 1,922 5.746 3,408 2,270 381 5,734 5,508 52,116 4.072 2,894 72 1.996 351 301 476 992 348 128 483,504 483,504 26,913 10. Analysls ol support costs Unrestricted T.otal 2023 Total 2022 Governance costs 1.593 1,593 3,476 1.593 1,593 3.476 11. Indepe.ndent examination lees 2023 2022 Fees payable lo the irKleperKlenl examiner for.. Independent examination ol the linancial statements 1.000 .1,000 12. Staff costs The average head count of employees duriw the perth was Nil12022.. Nill. No employee receNed empbyee benefits of more than £60,(MX) during the period12022.. Nil). 13. Tiuslee remuAeratlon and expenses During the period, no Twslee ieceived any reMuneraln or benefits12022-. £nill- During the per*?d, no Trusiee expenses have been irturred12022: £nill. 14
Okehampton Skills and Sports Trust Company Limited by Guarantee Notes to the Financial Slatements f(¥%thl Year ended 30 Seplember 2023 14. Tangible lixed assets Freehold Assels under property construction Toial Cost Ai 1 October 2022 Additions Transfers DISsaI$ At 30 September 2023 Depreciation At 1 October 2022 and 30 Seplember 2023 Carrying amount AI 30 September 2023 AI 30 September 2022 156.779 3.298.869 256.428 3.555.297 13,555,297) 14C4).0001. 3,312.076 3.455,648 256,428 1400.0001 3.312,076 3,312,076 3,312.076 156.779 3.298,869 3.455,648 15. Investments Shares in group undertakings Cost or valuation At 1 October 2022 and 30 September 2023 Impairrnenl At 1 October 2022 and 30 September 2023 Carrying amount At 30 September 2023 At 30 Sepiwiber 2022 All investments shown above heky al valuatw)n. 16. Oebtor5 2023 2022 Amounts owed by group urKlertakings Prepayments Oeblors 192,516 1,047 35,297 228,860 157,860 961 158,821 15
Okehampton Skills and Sports Trust Company Limiled by Guarantee Noles to the Financial Slatements {Coftdm Year ended 30 September 2023 17. Creditors: amount5 falling due within one year 2023 2022 Trade crediiors Accruals and deferred income Social security arKI other laKes Trustee loan 26.580 5,700 33,258 320,290 1,208 7,500 29.737 530,290 385.828 568,735 18. Analysis of charitable lunds Unrestri¢ted funds Al 1 Odober 2022 las restated) At30 Transfers September 2023 Income Expenditure General funds 3,209,662 571.816 1485,0971 1485,0971 . 3.296,381 3,296,381 3.309,662 571,816 Al 1 September 2021 (as restated) At30 September 2022 las reslatedl Irme Expenditure Transfers General funds Development ol fixed assets 168.011 (30,3891 3,072.040 j&,072,0401 3.209.662 2,641.120 430,920 2.941.410 598,931 (30,3891 3.209.662 All charity funds tlave been Iranslerred lo the general fvrKI upon the commencement of operation5 at the stle, with rents being received and leases being sokl. 19. Prior Year Adjustment . When preparing the 2023 accounts, it was Kdenlified thai sums PTeviousty analysed as donations from the Iruslees, were aclually a loan from one ol the Iruslees. These funds have provided working capital, arKI repayments are now beiftg made as the Charity sells the lease's at the site. For clarity we have reslaled 1 ot the comparalive Igures to gNe sensjble comparative loqures. 16
Okehampton Skills and Sports Trust Company Limiied by Guarantee Noles io.the Financial Slatemenls (¢oAtlnu6dJ Year ended 30 September 2023 19. Analysis of nei assets between funds Unresliicled Total Funds FuThJs 2023 TangTI Jle fixed assets Investments Current assets Creditors less Ihan one year Net assets 3,312,076 3.312.076 370.132 370,132 1385,828} 1385,828) 3,296.381 3,296,381 Unrestricted Tolal Funds Funds las 2022 {a5 reslaledl reslaledl Tangible fixed assets Investments Current assets Crediiors less than one year Nel assets 3.455,648 3.455..648 322,749 1568.7361 3,209,663 32,749 1568.7361. 3,209,663 20. Analysis of changes in debt At 30 Sept 2023 Al 1 Oct 2022 Cash flows Cash al bank and in hand 163.928 122,6561 141,272 21. Related parties During the peric#J, thnalions amounling lo nil12022: £325.0001 were received from Mr S Essex, a Irustee of the charity- Al the yew end Mr S Essex, a Iruslee, had a kjan to the charity of £320.29012022: £530.2901. This loan is la wovide short leim wothirKJ capital to the charity and ts being repaid as aThJ when funds Fermit. No interest is ting charged on this loan. 17