The Charity Registration Number is: 1189832 South Bank & Waterloo Neighbours Report and Unaudited Accounts 31 March 2025 Mohammad Ali **Skyleaf** Chartered Certified Accountant 106 Coventry Road Ilford IG1 4RG 1 ## **South Bank & Waterloo Neighbours** ## **Report and accounts for the year ended 31 March 2025** ## **Contents** |**Registered Office address**|Flat 91| |---|---| ||Walpole House| ||126 Westminster Bridge Road| ||LONDON| ||SE1 7UN| |**Trustees**|Rev Giles William Goddard- Chair| ||Maximilian Weiner - Treasurer| ||David William Richard Clarson - Secretary| ||Michael Van William Johnson| ||Hannah Quigley - Resigned| ||Carmelita Lee| ||Suat Binkaya| ||Bushra Iqbal| ||Liz Sillett| |**Bankers**|Metro Bank| ||One Southampton Row| ||London| ||WC1B 5HA| |**Independent Examiner**|Mohammad Ali- FCCA| ||Skyleaf| ||Chartered Certified Accountant| ||106 Coventry Road| ||Ilford| ||IG1 4RG| 2 ## **South Bank and Waterloo Neighbours** ## **Trustees' Annual Report for the year ended 31 March 2025** ## **Introduction** This year there are two Annual Reports for South Bank and Waterloo Neighbours (SoWN). This one which covers the activities of the Trustees, and a further one which covers the activities of the Steering Group. The Trustees retain the responsibility for the Governance of SoWN including managing its finances and the Steering Group has delegated responsibility from the Trustees to set policy and manage the delivery of the Neighbourhood Plan. The Trustees are able to report that SoWN continues to develop as an organisation and in its role a contributor to the life of the local community as it takes forward the Neighbourhood Plan and the principles underlying the Plan. ## **Overview of the year** SoWN continues to operate as a Charitable Incorporated Organisation (CIO). Its constitution was drawn up, based on a Charity Commission model, with the following objectives: To further the following exclusively charitable purposes for the public benefit within the area defined by the Neighbourhood Development Plan approved in 2019 for the South Bank and Waterloo neighbourhood (“the area of benefit”): - 1) To promote high standards of planning and architecture in or affecting the area of benefit. - 2) To educate the public in the geography, history, natural history, culture and architecture of the area of benefit. - 3) To secure the preservation, protection, development and improvement of features or areas of historic or public interest in the area of benefit. SoWN worked in five broad areas established by the Steering Group. 1. Review Planning Applications in light of SoWN’s Policies 2. Enlist local views on Planning Applications generally on behalf of Residential and Business Communities, and to **support developments that protect and enhance the character of the area, the environment and the public realm** . 3. Support the implementation of the Net Zero 2030 strategy for the area 4. Co-ordinate/Consult/Represent views of Residential and Business Communities more generally on current issues particularly through the South Bank and Waterloo Forum 5. Develop and implement the strategy for allocating the Neighbourhood CIL, along with the London Eye Community Chest and Health and Wellbeing funding from the London Borough of Lambeth SoWN works through the following working groups - Planning - Environment and Greening - Development Funding - Communications and Membership - Local History - Lower Marsh The Trustees met four times during the course of the year. They considered the strategy and process to implement the funding allocations, the implementation of the Net Zero Strategy which was relaunched as South Bank and Waterloo Sustains Us, topics for the South Bank and Waterloo Forum and how SoWN increases its membership and representation of the community as a whole. 3 ## **South Bank and Waterloo Neighbours** ## **Trustees' Annual Report for the year ended 31 March 2025** The Trustees are pleased to note particularly the continuing work of the Planning and Environment Groups over the course of the year in encouraging a wider debate over planning issues and application, and in encouraging a greater understanding of the environmental issues in support of the London Borough of Lambeth's policy of net zero carbon by 2030. Of particular note was the Launch of the £1 m NCIL funding from the London Borough of Lambeth together with the appointment of SoWN's Programme Coordinator, Charlotte, who took up the post during the year. SoWN began the process of administering £ 1 m made available to the local area from Neighbourhood Community Infrastructure Levy for projects arising from the Neighbourhood Plan. It also administered monies from Lambeth's Health and Wellbeing Fund. During the course of the year SoWN also played a significant role in the development of plans for Emma Cons Gardens, a Retail Strategy for Lower Marsh and local Green Spaces. It has begun to play a role in the Waterloo Station Master Plan. SoWN celebrated its 5th birthday with 'Wonderful Waterloo' - a showcase of all the projects **it** has funded, held on Thursday March 20th 2025 at St John's Church. ## **Reserves Policy** The trustees aim to maintain free reserves (unrestricted funds} sufficient to cover between one and three months of core operating costs, providing resilience against short-term funding gaps and allowing the organisation to respond to community priorities. At 31 March 2025, unrestricted reserves stood at £4,353, which the trustees consider appropriate for the charity's current level of activity. The reserves position will be reviewed annually. ## **Risk management** The trustees review principal risks annually (e.g., grant dependency, delivery capacity, governance continuity) and mitigate through diversified funding, budgeting, and active oversight via the Steering Group SoWN also a member of the Lambeth Forum Network. A fuller description of the year's activities will be found in the Annual Review of the Steering Group. Rev Giles William Goddard- Chair Uc,,, u j_.. ClL Maximilian We��surer Date: 20th November 2025 ## **South Bank & Waterloo Neighbours** ## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2025** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 6 to 16. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 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:-** ## **Mohammad Ali - Independent Examiner** Chartered Certified Accountant 106 Coventry Road Ilford Essex IG1 4RG This report was signed on: 20th November 2025 5 ## **South Bank & Waterloo Neighbours - Statement of Financial Activities for the year ended 31 March 2025** |**Income & Endowments from:**
Donations & Legacies
6
**Total income**
**Expenditure on:**
Charitable activities
8/9
**Total expenditure**
**Net income for the year**
**Net income after transfers**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**
**Notes**
**Net movement in funds**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
-
**-**
2,969
**2,969**
**(2,969)**
**(2,969)**
**(2,969)**
7,322
**4,353**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
137,236
**137,236**
176,238
**176,238**
**(39,002)**
**(39,002)**
**(39,002)**
75,750
**36,748**|**Current year**
**Total Funds**
**2025**
**£**
**137,236**
**137,236**
**179,207**
**179,207**
**(41,971)**
**(41,971)**
**(41,971)**
**83,072**
**41,101**|**Prior Year**
**Total**
**Funds**
**2024**
**£**
66,750| |---|---|---|---|---| |||||**66,750**| |||||12,910| |||||**12,910**| |||||| |||||**53,840**| |||||**53,840**| |||||**53,840**
24,581| |||||**78,421**| All activities derive from continuing operations 6 South Bank & Waterloo Nelghl>ours - Balance Sheet as at 31 March 2025 NDte5 2025 2024 Currènt aSS•tS Dèblor5 Cash al bank and in band 41,826 83.364 Total Curront asstrts 41.826 83.472 Cr•dltovts'. amounts falllng dLW wlthl* year 1725 14001 Net ¢uty•nt assets 41,101 83.072 Th• total net assets ol Ihè charlty 41.101 83.072 Thfi totsl n8t a880ts of the charlty aro fundod by tho fund& of the ¢harlty. as lollows'.- Re$tri¢tÈd lunds Reslricled Revenue FurKts 36.748 75.750 36,748 75,750 Unre$trt¢led Funds UnrÈsin¢ie¢ Revenue FurKJs 4,353 7,322 4.353 7.322 Deslgnat•d Funds Total charlty funds 41.101 83,072 The Trustees a(*rK>wledge their resronslbililiesfarcomplyin9 wlh reguiret¥Ents of charity legislallon Mlh respect to accounting record8 and the preparation of accounts. Approv8d by the board of trustO08 on 20 November 2025 and slgnod on thelr bghalf by.. Rev Giles William Goddard- Chair Maximilian Weiner- Treasurer David William Richard Clarson- Secretary The nots8 attachèd forrn an integral part ol those aceounts. ## **South Bank & Waterloo Neighbours** ## **Notes to the financial statements for the year ended 31 March 2025** ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared on an accruals basis, following the historical cost convention, in compliance with Financial Reporting Standard 102 (FRS 102), effective from 1 January 2016. They also adhere to the SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, which applies to accounting periods starting on or after 1 January 2019. The SORP was issued by the Charity Commission for England and Wales (CCEW). The charity has prepared its accounts in line with SORP 2019, superseding the previously applicable SORP 2005, which has now been withdrawn. While the Charities (Accounts and Reports) Regulations 2008 still reference SORP 2005, this financial statement has been prepared in accordance with SORP 2019 to align with current best practice. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ## **Public benefit entity** The charity meets the definition of a public benefit entity under FRS 102. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Where donations and grants are restricted to future accounting periods, they are deferred and recognised in those future accounting periods. Grants for immediate financial support and assistance, or to reimburse costs previously incurred, are recognised immediately. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. ## **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. 5[8] ## **South Bank & Waterloo Neighbours** ## **Notes to the financial statements for the year ended 31 March 2025** ## **Fund accounting** Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. ## **Expenditure and basis of apportioning costs** 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. Expenditure is accounted for on an accruals basis with the irrecoverable element of VAT included with the item to which it relates and has been classified under headings that aggregate all costs related to the category. Expenditure is classified under the following activity headings: Charitable activities: Expenditure on charitable activities includes costs associated with the delivery of the charity's activities and services for its beneficiaries, and include both the direct costs and support costs relating to these activities. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Support costs include office costs and those of other central functions. As a small charity, expenditure is classified directly by activity or nominal account. No separate allocation of support costs has been made, and costs are recorded against the charitable activity to which they relate. Governance costs are disclosed separately where material ## **Cash at bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments. The trustees seek to use short term deposits to maximise the return on monies held at the bank and to manage cash flow. The charity only has financial assets and financial 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount ## **Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Volunteers and donated services and facilities** The value of services provided by volunteers is not incorporated into these financial statements as it is impractical to estimate such value. Where services and facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity. 9 ## **South Bank & Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2025** |**2**
**Debtors**
Prepayments and accrued income
**3**
**Creditors: amounts falling due within one year**
Accruals|**2025**
**£**
-|**2024**
**£**
108| |---|---|---| ||**2025**
**£**
725|**2024**
**£**
400| ## **4 Particulars of how particular funds are represented by assets and liabilities** |**At 31 March 2025**
Current Assets
Current Liabilities
**At 1 April 2024**
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
5,078
(725)|**Designated**
**funds**
**£**
-|**Restricted**
**funds**
**£**
36,748
-|**Total**
**Funds**
**£**
**41,826**
**(725)**| |---|---|---|---|---| ||**4,353**|**-**|**36,748**|**41,101**| ||**Unrestricted**
**funds**
**£**
7,722
(400)|**Designated**
**funds**
**£**
-
-|**Restricted**
**funds**
**£**
75,750
-|**Total**
**Funds**
**£**
**83,472**
**(400)**| ||**7,322**|**-**|**75,750**|**83,072**| 10 ## **South Bank & Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2025** ## **Particulars of how particular funds are represented by assets and liabilities** |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
London Groundwork Grant
Lambeth Forum Network
(Clapham Park Project)
Health & Wellbeing
Community Chest - London Eye
NCIL Funds - WAW (Emma Cons gardens)
NCIL Funds - BOST (Waterloo Millennium
Green)
NCIL Funds - Coin St Waterloo Resilience
Hub
NCIL Funds (SoWN Project Lead)
**Total restricted funds**|**Funds**
**brought**
**forward from**
**2024**
**£**
7,322|**Income**
**£**
-|**Expenditure**
**£**
(2,969)|**Transfer**
**£**
**-**|**Funds**
**carried**
**forward to**
**2026**
**£**
**4,353**| |---|---|---|---|---|---| ||**7,322**|**-**|**(2,969)**|**-**|**4,353**| ||20,250
3,500
52,000|6,750
5,500
46,486
22,500
25,000
5,000
26,000|(27,000)
(4,537)
(42,220)
(37,782)
(22,500)
(25,000)
(17,199)||**-**
**4,463**
**9,780**
**8,704**
**-**
**-**
**5,000**
**8,801**| ||**75,750**|**137,236**|**(176,238)**|**-**|**36,748**| 11 ## **South Bank & Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2025** - **The purposes for which the funds** - **5 are held by the charity are:-** ## _**Unrestricted and designated funds:-**_ Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. ## _**Restricted funds:-**_ Community projects to plant trees to provide shade, create and enhance Greater London Authority green space and increase climate resilience. Grow Back Greener Fund grant Growing local partnerships and improving inclusion and diversity LFN (Clapham Park Project) Make small grants for health and wellbeing in the South Bank and Waterloo Health & Wellbeing area. Builds community cohesion and resilience in the Waterloo and South Bank Community Chest - London Eye ward area Grant for temporary public installation and placemaking at Emma Cons NCIL Funds - WAW (Emma Cons gardens) Gardens Funding to improve landscaping and community access at Waterloo NCIL Funds - BOST (Waterloo Millennium Millennium Green Green) Funding for neighbourhood improvement and inclusive community NCIL Funds - Coin St Waterloo Resilience development at Coin Street Hub NCIL Funds (SoWN Project Lead) NCIL – Project Lead/Admin Support 12 ## **South Bank & Waterloo Neighbours** ## **Detailed analysis of income and expenditure for the year ended 31 March 2025** ## _**This analysis is classified by conventional nominal descriptions and not by activity.**_ ## **6 Donations, Grants and Legacies** |**_Prior year_**
**Total Donations, Grants and**
**Legacies**
**Total public sector revenue grants**
NCIL Funds (SoWN Project Lead)
Health & Wellbeing
London Groundwork
NCIL Funds - Coin St Waterloo Resilience
Hub
Greater London Authority
Grow Back Greener Fund grant
Community Chest - London Eye
Lambeth Forum Network
(Clapham Park Project)
**Revenue grants from government and**
**public bodies**
NCIL Funds - BOST (Waterloo Millennium
Green)
NCIL Funds - WAW (Emma Cons gardens)|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
-
-
-
-
-
-
-
-
-|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
5,500
-
6,750
46,486
22,500
25,000
5,000
26,000|**Current year**
**Total Funds**
**2025**
**£**
**-**
**5,500**
**-**
**6,750**
**46,486**
**22,500**
**25,000**
**5,000**
**26,000**
**137,236**
**Restricted**
**Funds**
**2024**
**£**
**66,750**|**Prior Year**
**Total Funds**
**2024**
**£**
6,750
5,000
55,000
-
-
-
-
-
-| |---|---|---|---|---| ||**-**|**137,236**||**66,750**| |||**Unrestricted**
**Funds**
**2024**
**£**||**Prior Year**
**Total Funds**
**2024**
**£**| |||**-**||**66,750**| 13 ## **South Bank & Waterloo Neighbours** ## **Detailed analysis of income and expenditure for the year ended 31 March 2025** ## **7 Expenditure on charitable activities - Direct spending** |**_Current Year_**
**Total direct spending**
**8**
Community Engagement &
Development Outreach-LFN
Neighbourhood environmental impact
Community Engagement &
Development-Community Chest -
London Eye
Marketing and advertising of charitable
services
Lambeth NCiL Programme Coordinator|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
-
-
-
-
-|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
4,537
-
2,672
17,199|**Current year**
**Total Funds**
**2025**
**£**
**-**
**4,537**
**-**
**2,672**
**17,199**
**24,408**|**Prior Year**
**Total Funds**
**2024**
**£**
**3,151**
**-**
**1,500**
**-**
**-**| |---|---|---|---|---| ||**-**|**24,408**||**4,651**| ## **8 Expenditure on charitable activities- Grant funding of activities** |**_Current Year_**
Expenditure on charitable activities -
Direct spending
**7**
**Total**
Grants made to organisations|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
-
-|**Current year**
**Restricted**
**Funds**
**2025**
**£**
151,830
24,408|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2025**
**2024**
**£**
**£**
**151,830**
**-**
**24,408**
**4,651**| |---|---|---|---| ||**-**|**176,238**|**176,238**
**4,651**| 14 ## **South Bank & Waterloo Neighbours** ## **Detailed analysis of income and expenditure for the year ended 31 March 2025** ## **Breakdown of Grants made to organisations** |**Breakdown of Grants made to organisations**|||||| |---|---|---|---|---|---| ||**Current year**|**Current year**|**Current year**||| |**_Current Year_**|**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total Funds**|**Prior Year**|| ||**2025**|**2025**|**2025**|**2024**|| ||**£**|**£**|**£**|**£**|| |The London City Mission||3,600|3,600||-| |Wellington Mills Housing Co Op||2,700|2,700||-| |Waterloo Community Counselling||2,957|2,957||-| |Archbishops Park Community Trust||3,359|3,359||-| |The Bridge At Waterloo||4,500|4,500||-| |Oasis Community Hub Waterloo||4,305|4,305||-| |Colombo Sports||4,088|4,088||-| |The Garden Museum||1,176|1,176||-| |Waterloo Sports||4,500|4,500||-| |Bankside Open Spaces Trust||5,306|5,306||-| |Coin Street Centre Trust||3,119|3,119||-| |We Are Waterloo Ltd||22,500|22,500||-| |Afro-Brazilian Maculele Charity UK||2,500|2,500||-| |China Walk TRA||880|880||-| |Regans Soccer School Limited||1,500|1,500||-| |Bankside Open Spaces Trust||2,000|2,000||-| |Waterloo Action Centre||1,500|1,500||-| |Oasis Community Hub Waterloo||2,000|2,000||-| |Clearcommunityweb Cic||2,500|2,500||-| |Independent Academic Research
Studies International Institute (Sculpt)||2,500|2,500||-| |The London City Mission||4,500|4,500||-| |The Bridge At Waterloo||2,500|2,500||-| |The Bridge At Waterloo - Dreamtime||1,500|1,500||-| |China Walk Tra||900|900||-| |Regans Soccer School Limited||1,500|1,500||-| |Coin Street Centre Trust||1,000|1,000||-| |Oasis Community Hub Waterloo||1,500|1,500||-| |Bankside Open Spaces Trust||2,000|2,000||-| 15 ## **South Bank & Waterloo Neighbours** ## **Detailed analysis of income and expenditure for the year ended 31 March 2025** |The Bridge At Waterloo
The Bridge At Waterloo - Dreamtime
Regans Soccer School Limited
Independent Academic Research
Studio (Sculpt)
London borough of Lambeth
Bankside Open Spaces Trust
**9**
**Governance Cost:**
Independent Examiner's fees
Meeting- AGM and steering
Group
Bank charges
Management Fees
**Administration Expenses**
SoWN Room Booking
Web Expenses|The Bridge At Waterloo
The Bridge At Waterloo - Dreamtime
Regans Soccer School Limited
Independent Academic Research
Studio (Sculpt)
London borough of Lambeth
Bankside Open Spaces Trust||2,000
1,300
1,500
2,140
27,000
25,000|2,000
1,300
1,500
2,140
27,000
25,000
**151,830**|-
-
-
-
-
-| |---|---|---|---|---|---| |||**-**|**151,830**||**-**| |||**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
1,671
-
296
240
762
-|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
-
-
-
-|**Current year**
**Total Funds**
**2025**
**£**
**1,671**
**-**
**296**
**240**
**762**
**-**|**Prior Year**
**Total Funds**
**2024**
**£**
**1,207**
**450**
**-**
**156**
**400**
**1,395**| |||**2,969**|**-**|**2,969**|**3,608**| ||||||| |The Bridge At Waterloo||2,000|2,000|-| |---|---|---|---|---| |The Bridge At Waterloo - Dreamtime||1,300|1,300|-| |Regans Soccer School Limited||1,500|1,500|-| |Independent Academic Research
Studio (Sculpt)||2,140|2,140|-| |London borough of Lambeth||27,000|27,000|-| |Bankside Open Spaces Trust||25,000|25,000|-| ||**-**|**151,830**|**151,830**|**-**| ## **10 Related Party Transactions** The charity had no transactions with related parties. There were no transactions or balances with trustees, key management personnel, or any other related parties 24/25:Nil (23/24:Nil). No trustee received any remuneration or reimbursement of expenses during the year 24/25: £nil; (23/24: £nil). ## **11 Employees** The charity had no employees during the year 24/25: none; (23/24: none). 16