Registered numb9r: 11994746
Charity number: 1190232
CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
CONTENTS
Pages
Refer•nc• and Admlnlslratlv• D•lalls of thè Charlty, Its Trustees and Advlsers
Trustees. Report
Indèpendent Examln•Vs Rèport
Stslement of Flnanclal Actlvltle8
Balance Sheet
Notes to the Flnanclal Statsments
10-19

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
REFERENCE AND ADMINISTRATIVE DETAJLS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 31 AUGUST 2024
Trustees
Mr H Canwell
Dr R w￿le, Chair
Company reglstered
number
11994746
Charlty reglstered
number
11￿232
Reglstered offlce
Fitzroy House
Crown Street
Ipswich
Suffolk
IP13LG
Webslte
www.animalrightslaw.org
Independent Examlner
ScnJtton Bland Limited
Chartered Accountants
Fitzroy House
Crown Street
Ipswich
Suffolk
IP13LG
Page 1

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
TRUSTEES. REPORT
FOR THE PERIOD ENDED 31 AUGUST 2024
The Trust8es present their annual report log8ther wth the financial sta18m8nts of the Charity lthe"Charill' or the
'Charitable Company'} for the period ended 31 Augusi 2024. The Annual ReF)0rt serves th8 purpos8s of both a
Trusl8es' Report and a Directors. Report under company law. The Trustees confirm that th6 Annual Report and
flnancial statements of the Charitable Company comply with the currenl stalulory requirements, ihe requirements
of the Charitable Company's governing documenl and the provisions of ihe Statement of Recommended
Practice {SORPI applicAble ID cttarilies preparing their accounts in accordance with the Financial Reporbng
Stsndard applicable in the UK and Republic of Ireland {FRS102} {8ffectiV8 1 January 2019).
Since the Charty qualifies as small under section 382 of the Companies Act 21)06, the Strategic Report requlred
of medium and large companies under the Companies Act 2006 Isiralegic Report and Directors. Reporti
Regulations 2013 has been omitted.
Objectlves and actlvltle$
a. Pollcles and objectlves
The purposes of the Charity are to advance education of the publbc in the subjecl of animal rights law.
In setting objectbves and planning for activtlbes, the Trustees have given due consideration to general guidance
published by the Charity Cornmission relating lo public b8neflt, including the guidance 'Publlc benefrt.. running a
charity IPB21'.
b. Actlvllles undertaken to achleve oblectlves
The Chadty provides lectures, workshops, ￿urSes, conferences and other educational events In the subject of
animal rfghls law. It also carries out and promotes academlc research In the subject of animal rights law and
publishes Ihe useful results.
Achlevements and perforn)an¢e
. Maln achlevements of the Charfty
The main achievements of the Centre this year have been lo launch an Annual Lecture programme, lo expand
the annual (now bienniall Conference to over one hundred delegates, and lo expand the Law Lecturers,
Workshops as part of our objective of 100 anlmal rights law courses In 5 years. In addrlion we have expanded
our Visf(ors Programme lo include toth Visiting Researchers IPhD students) and Visiting Fellows (experienced
posl-docs and leclurersl.
Llquldlty and reser¥es
. Golng concern
After making appropriate enquides. the Trustees have a reasonable expectstion that the Charfty has adequate
resources lo continue in operational existence fof the foreseeable future. For this reason, they continue lo adopt
the going concem basis In p￿paring the financial statements. Further details regarding the adop￿On of the going
concem basis can be found in the accounting wlicies.
Page 2

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
TRUSTEES. REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
b. Rgservo$ pollcy
The cash res8rvès of the Charity are held with thè Co-operative Bank Plc. The Trustees ￿sh lo ensure suffici8nt
funds are held lo enab18 th8 Charily lo carry out ils activities on a day lo day basis, and to conlinLJ8 lo expand the
teaching of animal rights law.
. Flnanclal revlgw
The Charity has conlnu8d lo enjoy the support of existing donors, and attract new donors, so the funding base
of the Cenlre is sound_ As usual, most spending is approved only after commilmenl or receipt of donor funds, so
the Centre can manage changes in donations. The Charity conlinu8S to expand rts fundralsing activities to
broaden and slrengthen its donor base.
Structure. governance and management
a. Constitullon
Cambridge Centre for Animal Rights Law is registered as a charitable company limi18d by guarantee and was set
up under Memorandum and Articles of Assocation.
The Company was Sncorporaled on 14 May 2019, subsequently gainlng charitable status on 2 July 2020.
b. Melhods of appolntment or electlon of Trustees
The management of the Charity is the reswnsibilty of the Trustees who ar8 elected and C￿ople￿ under the
temis of the governing documents. Trustees are selected by personal invftation to experienced people with an
nteresl in the field.
Page 3

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
TRUSTEES. REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
Statgm8nt of Trusteos, rosponslbilltl•$
The Trusl8es (who are also th8 directors of the Charity for the purposes of company lawl am responslble for
preparing th8 Trustees. Report and the financial stalem8nts in accordance with appliGgble law and United
Kingdom Accounting Standards {United Kingdom Gen8rally Accepted Accounting Practice}.
Company law requires the Trustees to prepare financial stalem8nts for each financial . Und8r company law, the
Trustees musl not approve the financial stalem8nls unless Ihey are satisfied that they givo a true and fair view of
the slate of affairs of the Charity and of ils incoming resources and applicalion ol resourc8s, including its income
and expenditure, for that period. In preparing these financial statements, the Trustees are required lo..
selecl suitable accounting policies and then apply them consistently,
observe Ihe methods and prinaples of the Charities SORP IFRS 1021-,
make judgments and accounts.ng estimates that are reasonable and pwdent,. and
prepare the financial $tal8ments on the going eoncem basis unless it is inappropriale lo prosume Ihal the
Charity will ￿ntinue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to and explain
the Charilrfs Iransactions and disclose wtth reasonable accuracy al any time the financial position ol the Charity
and enable them lo ensure that Ihe financial statements comply with Ihe Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence lor taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Dr R Wylie
(Chair of Tfusteesl
Dale.. 22 May 2025
Page 4

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 31 AUGUST 2024
Independent Examlnevs Report to the Trustees of Cambrldge Centre for Anlmal Rlghts Law I'the
Charlty.)
I report to the Charitys Trustees on my examination of the financial stslements of the Charity for the peri
ended 31 August 2024.
This rewrt is made solely to the Charity's Trtsstees. as a b¢xly. in accordance section 145 of the Charities
Act 2011. My Wofk has been undertaken so that I might slate lo the Charity's Trustees those matters l am
required lo stale lo them in this report and for no other purpose. To the fullest extent pemiitted by law, I do not
accept or assume responsibilty lo anyone other than the Charity and the Charws Trustees as a body, for my
work. for this report, or for the opinions I have f0M￿d.
Responsibilities and Basis of Report
As the Trustees of the Chartty land rts Direclors for the purposes of company lawl you are responslble for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006 I'the
20C6 AcV}.
HavirKJ satisfied myself that the financial statements of the Charity are not required lo be audited under Part 16
of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the
Chariws financial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act'}. In Car￿n9
out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of
the 2011 Act.
An independent èxamination does not invdve gathering all the evidence that would be required in an audit and
eonsequenuy doès not cover all the rnatters that an auditor considers in giving their opinion on the financial
slatements. The planning and conduel of an audit goes beyond the limited assurance that an independent
èxarninalion can provide. Consequenuy l express no opinion as to whether the financial statements present a
'true and fair. view and rny rèport is limited lo thos6 specific matters set out in the Independent Examiner's
Statemènt.
Indo￿ndont ExarniTrerfs Staternent
I have completed rny examination. I confirm that no matters have o)m6 to my attention in connection with the
èxaminatKin giving me cause to b8liéve'.
accounting records wer8 not kèpt in rèspect of the Charity as required by section 386 of thè 2006 A¢ or
Ihe financlal statements do not accord wth those records.. or
the financial stslements do not comply Mlh the accoUn￿ng requlrements of section 396 of the 2006 Acl
other than any requirement that the financlal statements give a 'true and fair, view which Is not a matter
considered as part of an Independent examlnalion., or
the financial statements have not been prepared in accordance the methods and principles of the
Statement of Recommended Practice for aecounting and reporbng by charities applieable lo charities
preparing their accounts in accordance with thè Financial Reporbng Standard applicable in the UK and
Republic of Ireland (FRS 1021.
Page 5

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
I have no concerns and have come across no other mattels in cOnne￿On vlth the examina￿On to which
attention should be drawn In this report In order lo enable a proper understanding of the accounts to be reached.
Signed..
Dal&'.
23 May2025
John Perry FCA
Scrutton Bland Limited (Chartered Accountsntsl
Fttzroy House
Crown Street
Ipswich
Suffolk
IP13LG
Page 6

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
STATEMENT OF FINANCIAL ACTfviTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Notes
Incorne Irorn:
Donations and legaoes
Charitsble activities
Other income
192,570
2,663
3,816
192,570
2,663
3,816
171,283
7.513
Total Income
199,049
199,049
178,796
Expendlture on:
Charitable aclivib'es
110.626
110,626
140,980
Total expendllure
110.626
110.626
140,980
Not movomont In funds
88,423
88,423
37,816
Raconclllallon of funds:
Total funds broughl forward
Nel mov&menl in funds
79.395
88.423
79,395
88.423
41,579
37,816
Total funds carrl•d forward
167,818
167.818
79,395
The Statement of Financial Activities includes all gains and losses recognised in the current and prior years.
The notes on pages 10 10 19 form part of these financial slalements_
Page 7

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
REGISTERED NUMBER: 11994746
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August
2024
31 October
2023
Notes
Current assets
Debtors
Cash al bank and in hand
10
497
171.475
1,517
86,404
171,972
87,921
Creditors- amounts falling due within one
11
14,1541
(8,526)
Net current assets
Total assets less current liabilities being
net assets
167.818
79.395
167.818
79.395
Charlty funds
Restricted funds
Unrestricted funds
12
12
167.818
79.395
Total fund•
167,818
79,395
Page 8

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
BALANCE SHEET {CONTINUED)
AS AT 31 AUGUST 2024
The Charity was entitled to exemption from audit under seth'on 477 of the Companies Act 2006.
The membefs have not required the Charity lo obtain an audit for the Fencyj in question in accordance wilh
section 476 of Companies Act 2006.
The Trustees acknowledge their resFonsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of ffinanaal statements.
The financial stslemenls have been p￿pared in accordance the provisions applicable to entsties subject to
the small companies regime.
The financial stslements were approved and authorised for issue by the TnJslees and signed on their behalf by.
Dr R Wylie
(Chair of Tnjsteesl
Date=
22 May2025
The notes on pages 10 10 19 form part of these financial statements.
Page 9

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
General Infomiatlon
The Charity Is a company limited by guarantee, regbstered In England and Wales. The members of the
Company are the Tnjstees named on page 1. In the event of the Company being wound up, the liability in
respect of the guarantee is limited lo £1 per member of the Chadtable Company. The address of the
registered office is Fitzroy House, Crown Street, Ipswich, Suffolk IP13LG.
The Company was Sncorporaled on 14 May 2019. subsequently gainlng charitsble status on 2 July 2020.
Accountlng policles
2.1 Basis of preparation of financial statemenls
The financial stalemenls have been prepared in ac£ordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing Iheir accounts in accordance wtth Ihe Financial Reporting Siandard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in ihe UK and Republic of Ireland IFRS 102} and the Companies Act 2006.
Cambridge Centre for Animal Rights Law meeis the definits'on of a public benefit entity under FRS
102_ Assets and liabilities are initially recognised at historical cosl or transaction value unless
otherwise ststed in the relevant accounts'ng policy.
The financial statements are prepared in round pounds, and the rewrts'ng currency is pound sterling
1£).
2.2 Going concern
The finan￿al stslemenls have been prepared on a going concem.
The Trustees consider that the Charity will be able lo continue lo operate and meet its liabilities as
they fall due for the foreseeable future being a period of al least 12 months from the dale of approval
of these financial stslements.
2.3 Incomo
All income is recognised once the Charity has enlitlemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are induded in the Stslement of Financial AclNrties on a receivable basis. The balance of
income received for speufic purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advan￿ of entitlement of receipt, its
recognition is deferred and induded in creditors as deferred income. Where enltllement occurs
before income is received. the income is accrued.
Other income is recognised in the period in which it is rece￿able and to the exlenl the goods have
been provided or on completion of the service.
Page 10

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Accountlng pollcles Iconllnued)
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic beneflt
to a third paty, rt 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 classtfied by activty. The costs
of each activity are made up of the lotsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consislenl with
the use of resources. Central stsff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charttable activities is incurred on directly undertaking the activities whith further the
Charity's objectives. as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Taxation
The Charity is considered lo pass the lesls set out in Paragraph I Schedule 6 of the Finance Act
2010 and therefore it ffleels the definition of a charitable eompany for UK corporation tax purposes.
Accordingly, the Charity is potentially exempt frorn taxation in respect of income or capital gains
received within categories eovered by Chapter 3 Part 11 of the Corporation Tax Ael 2010 or Section
256 of the Taxation of Chargeable Gains Ael 1992. to the exlenl that such incoffle or gains are
applied èxelusively lo charitable purposès.
2.6 Dtbtorn
Trade and other debtors are reeognisèd at the selllement amount after any trade disetyjnt offèred.
Prèpayments are valued at the amount prepaid net of any tradè discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includas cash and short-tèrm hvJhly liquid invèstmènts with a short maturity
of three months or less from th8 date of acquisition or opening of the deposit or similar aecount.
2.8 Llabllltles and provisions
Liabilitiès ar8 ￿Cognised when there Is an obligatlon at the 8alante Sheet date as a result of a past
8vent, il is probable that a transfer of economic benefit will be required in setuament. and the amount
of tha Set￿e[nent can be estimated reliably.
LJ"abililies are recognised at th8 amount that the Charity antiapal8S It will pay to S8tt18 the d8bt or the
amount it has received as advanced payTh8nts ft)r the g()ods or services il must provide.
2.9 Flnanclal In$trumgnts
The Charily only has financial assets and finanryal liabS1ities of a kind that qualify as basic financial
instruments. Basic financial instruments are inilially recognised at transaction value and subsequently
measured at Iheir setuement value with Ihe exception of bank loans which are subsequenuy
measur8d al arnortised cost using the effective inl8rest methrKI.
Page11

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Accountlng pollcles Iconllnued)
2.10 Fund accountlng
General funds are unrestricted funds which are available for use al the dlscretion of the TnJstees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Income Irom donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
142.570
So.￿0
142.570
so,000
171,283
192,570
192.570
171,283
Total 2023
171,283
171,283
Income Irom charlLibl• actlvltlas
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from tharitabl6 aclivili8S
2.663
7,513
Totsl 2023
7.513
7,513
Other Incomlng re8ourc•s
Unrestr5cted
funds
2024
Total
ftinds
2024
Tolal
lunds
2023
Refunded travel costs
3,816
3.816
Page 12

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Analysls of expendlture by actlvltles
Activities
undertaken
directly
2024
Total
funds
2024
Total
funds
2023
Charitablè activities
110.626
110,626
140,980
Total 2023
140.980
140,980
Page 13

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of dlrect costs
Charltable
activities
2024
Total
funds
2024
Total
funds
2023
Staff cosis
36,449
6,811
125)
1,195
10.773
11,163
823
36,449
6,811
(25)
1.195
10,773
11.163
823
28,086
11,967
34,531
Research Assislanl
Conference Costs
Scholars workshop
Law lectures workshop
Visfting Fellow. Lent and Easter temis
mee￿ng costs
Legal expenses
IT software and consumables
Visfting student costs
Independent Examiner fee
Accountancy fees
Sundry expenses
Visftor expenses
Travel costs
Advèrtising and Marketing
Subs￿ptiOns
Bank charges
Essay Competitions
Fundraising costs
Vemionl Workshop expenses
Visftlng Researchers
Annual Lecture
Frans Lecture
6,333
1,350
13
759
526
526
3,415
3.360
1,486
597
3,036
9,303
9,177
150
52
3.600
1,266
3.600
1,266
341
61
10.372
61
10,372
70
70
2.253
2.253
2,250
5,531
9,233
1,687
5.368
1.687
750
4,335
970
1,383
749
1,266
70
25
Trustee and Advisory Board expenses
Books
Textbook Translation
Philadelphia Conferenc8
Glfts
Telephone and Inlemet ¢))sts
9,832
9.832
7.054
969
7.054
110,626
110,626
140,980
Page 14

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Independent Examlnevs remuneratlon
2024
2023
Fees payable to the Charit¥s Indep8ndenl Examiner for the independent
examination of th8 Charitvs annual accounts
3,600
3,360
Staff costs
2024
2023
Wages and salaries
Contribution lo defined contribution pension schemes
35.690
759
27,700
386
36,449
28,086
The average number of persons emplo￿ by the Charity duiing the period was as follows-
2024
No.
2023
No.
Employees
Neither of the employees received remuneration amounting lo more than £60,CMJO in either year.
Page 15

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Trustees. remuneratlon and expenses
During the ￿￿0d. none of the Trustees re￿Ived any remuneratk)n for Ihelr qualifylng services or other
benefits to the Charily12023- £Nill.
During the perfod ended 31 August 2024. Trustee expenses amounting to £450 were Incurred
12023- £5371.
10. Debtors
31 August 31 October
2024
2023
Due wlthln one year
Other debtors
497
1.517
11. Cr•dltor3: Amounts falllng due wlthln one year
31 August 31 October
2024
2023
Trade ¢reditors
Other laxalion and social security
Other creditors
Accruals and deferred income
338
2,858
557
1,033
4,078
108
3.708
4,154
8.526
Page 16

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
12. Statement ol funds
Statement of funds - current perlod
Balance at 1
November
2023
Balance al
31 Augusl
2024
Income ExPendI￿re
Unre$trl¢ted fvnd$
General Funds- all funds
79,395
199.049
{110,626)
167,818
Statement of funds - prior period
Balance al
1 November
2022
Balance al
31 October
2023
Income Expenditure
Unro$trl¢tod fvnd$
General Funds- all funds
41.579
178.796
1140,9801
79.395
Page 17

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
13. Summary of funds
Summary of funds - current perlod
Balance at 1
November
2023
Balance al
31 Augusl
2024
Income ExPendI￿re
General funds
79,395
199,049
{110,626)
167,818
Summary of funds - prfor porlod
Balance 81
1 November
2022
Balance al
31 O¢tober
2023
Income Expenditure
General funds
41.579
178.796
1140,9801
79.395
14. Analysls of net assgts botW8gn funds
Analysls of ngt assets botW8en fund$ - curront perlod
Unrg$trlcted
funds
31 August
2024
Total
funds
31 August
2024
Current assets
Creditors due wilhSn one year
171,972
{4,1541
171,972
14.1541
Totsl
167,818
167,818
Amalysis of not assets between funds - prior period
Unreslricled
lunds
31 Oclober
2023
Total
funds
31 October
2023
Current assels
Creditors due within one year
87,921
{8,5261
87.921
18,526)
Total
79,395
79,395
Page 18

CAMBRIDGE CENTRE FOR ANIMAL RIGHTS LAW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
15.
Penslon commltmenls
The Charfty operates a defined cx)nlrfbution pension ￿eMe. The assets of the scheme a￿ held
separately from those of the Charlty in an independently administered fund. The penslon cost charge
represents contributions payable by the Charty lo the fund and amounted lo £75912023- £3861.
Contributlons tolallng £10812023- £1081 were payable lo the fund al the balance sheet dale.
16. Related party transactions
There have been no related party transactions In either the current or prior year.
Page 19