Charity number: 1191966 THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST CONTENTS Page Reference and Administratlvo Details of tho Charity, its Trustees and Advisers Chaimian's Statement Trustaes. R&port Independent Examlner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-17
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Michael Jeffrey Walsh, Chair Robert Albert Greatorex Robert Malcolm Bailey Charity r8gist8red nurnber 1191966 Principal office CIO The Burnhams Surgery 1 Creake Road 8umham Market Kings Lynn PE318EN Accountants Larking Gowen LLP Chartered Accounlanl8 1 sl Floor, Prospect House Rouen Road Norwch NR1 1RE Bankers Nalwest 4 Tuesday Market Place King's Lynn Norfolk PE30 1YY Solicitots Leathes Prior 74 The Cl(Ise Norwch Norfolk NR14DR Page 1
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The chairman presents his statement for the year. This is the third annual report of the Trustees of the Burnham Surgery Community Heatthcare Trust IBSCHTI since it was incorporated as a Charitable Incorporated Organisation in 2020. This period was dominated by the ever increasing Bank of England Interest Rates, but we were able to mitigate this lo some extent by switching a substantial proportion of our loan from Charity Bank onto a five year fixed rale facility. Although at limes like these such decisions are something of a gamble" the continuation of the high interest rates showed the decision was the right one. We shall continue to monitor the situation moving forward carefully. We have been able lo retain a small cash surplus which now enables us to use a prudent proportion of it to begin equipping a facility to support a "club" for those living with dementia, both the individuals themselves and their carers. This will be known as Betty's Club, in memory of Betty Sargent. one of our two large legatees. Relocation of the GP'S patient records in an external secure facility has now enabled us to free up the space for this. With regard to the building, we have replaced some kerbslones to arrange easier and wider access al the entrance lo the building and to address some health and safety concems. The18ndscaping of the garden has been completed. Most of the initial snagging issues have been resolved but until all have been completed, along wlh the appropriate documentation, we still retain the contract retention monies. The Trustees regularly hold a status meeting with the Practice to ensure that the building is not only fit for purpose but to consider any need for improvements in the working environment. These meetings are a constant reminder to us of the strains and stresses the doctors, their staff and the facilities are under. A Trustee also attends the P8tienls Partl¢lP8tion Group meetings for the Practi. This also includes representatives from the Practice, Queen Elizabeth Hospital (Kings Lynn}, the voluntary drivers organisation IBMACCS} and, of course, the patients. As always my thanks go lo my fellow Trustees for their time and for the support they give to both me and the Trust. Mike Walsh Chaimian Dale.. 13 Sep 2024 Page 2
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the Charity for the period 1 April 2023 10 31 March 2024. Objectives and activities a. Policies and objgctives The Burnhams Surgery Community Heallh¢are Trust IBSCHTI is a Charitable Incorporated Organisalion ICIOI, the primary purpose of which, as sel out in ils Conslilution, is to relieve sickness and promote and protect good health for the public benefit by the provision and maintenance of a building lo be used as a medical cenlre. In addition, BSCHT will support the provision of such other associated facilities and services as the Trustees think fil, in particular to promote and protect the physical and mental health of sufferers of DementialAlzheimer's for the population of the area local lo Bumham Market. In setting objectives and planning for aclivilies, the Trustees have given due consideration lo general guidan published by the Charity Commission relating to public benefit, including the guidance'Public benefit.. running a charity {PB2}'. b. Activities undgrtaken to achievg objgctives The main activities of BSCHT in the current period lo 31 March 2024 have been related to the successful move of the Bumhams Surgery GP Practi into the new building at Creake Road, the purchase of which was completed by BSCFff in March 2022. BSCHT continue lo hold a retention from the Developers (Medntre5 PLC} which il was previously anticipated would be released by February 2023. The Trustees, along with the GP Practice, have been carefully monitoring the new building for defects or other relevant mallers, with advice from specialist surveyors, and a number of these still remain outstanding. Until these are salisfa¢torily resolved and documented, the retention 11 continue to be held. The Trustees have also carefully monitored BSCHT'S cash position, particularly in light of the increases in interest rates over the past year and the impact this has had on loan funding costs. A switch of a portion of the borrowings onto a fixed rale 5 year facility has helped to mitigate this. Financial review Going concern After making appropriate enquiries, in particular with regard to the movement of interest rates on the loans, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Reserves policy The Trustees consider the financial position of BSCHT to be sound at the end of this reporting period. The cash balance remains positive al the year end. Unreslrirted reserves total £14,23212023 £7.2641, and endowment funds are held at £1.380,65612023'. £1,408,319). The trustees have not set a reserves target. Page 3
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structure. governance and management a. Constitution The charity was incorporated as a CIO on 23 October 2020 and started operating on that date. It is registered th the Charity Commission Icharity no. 1191966). The Burnhams Surgery Community Healthcare Trust is a charity govemed by a ConstitlOn, dated 23 October 2020, which established the objects and powers of the organisalion and ils trustees. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Twsl deed. c. Financial risk managgment The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and fInanS of the Charity, and are satisfied that systems and prOdureS are in place to mitigate exposure to the major risks. Plans for futura periods Looking further forward, the Trustees want to move ahead wlh supporting worf( to provide Dementia services to the community as soon as praclicatrAe. This may continue to lake a little time, given the impact on BSCHT'S cash resources following the recent increases in interest rates, which feed through lo the loan funding cosls. The new building has Spa relained by BSCHT and not rented to the GPS,. the Iruslees are Considering how besl lo ulilise this space in support of Demenlia services. Page 4
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance th applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢pIed Accounting Practi1. The law applicable to charities in England & Wales requires the Trustees to prepare financial ateMentS for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resour$ and application of resourTrs, including its income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting policies and then apply them con&stently- observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent-, stale whether applicable UK Accounting Standards IFRS 1021 have been followed. subject lo any material departures disclosed and explained in the financial slatemenls., prepare the financial statements on the gung concem basis unless it is inappropriate to presume that the Charity wll Continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial stslements comply with Ihe Charities Act 2011, the Charity (Accounts and Reports) RulatiOnS 2008 and Ihe provisions of the Trust deed. They are also responsible for safeguarding the a&sets of the Charity and hence for 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.. go/6 Michael Jeffrey Walsh Robert Albert Greatorex Robert Malcolm Bailey Date.. 13 Sep 2024 Page 5
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examlnerfs Report to the Trustees of The Burnhams Surgery Communlty Healthcare Trust {'the Charity'l I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024. Responsibilities and Basis of Raport As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wlh the requirements of the Charities Act 2011 I'lhe 2011 Act'l. 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 14515}Ibl of the 2011 Act. Independgnt Examiner's Statement Your attention is drawn lo the fact that the Charily has prepared the accounts in accordan with Accounting and Reporting by Charities.. Slatement of Recommended practi applicable lo charities preparing their accounts in accordance Mqlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practi issued on 1 April 2005 which is referred to in the extant regulations bul has been wilhdrawm. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records., or the accounts do not comply wth 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 fail view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assLJme responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Giles K8rkham Dated= 26 Sep 2024 FCA DChA Larking Gowen LLP Chartered Accountants Norwich Page 6
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Endowment Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income and andowments from: Donations and legacies Charitable activities Investments 9, 742 175,682 129 116,318 532 116,318 532 Total incorne and endowments 116,850 116,850 125,553 Expenditure on: Charitable activities 27,663 109,882 137,545 124,581 Totsl expenditure 27,663 109,882 137,545 124,581 Net movement in funds {27,6631 6,968 {20,6951 972 Reconciliation of funds: Total funds brought forward Net movement in funds 1,408,319 {27,6631 7,264 6,968 1,41 5,583 {20,6951 1,414,61t 972 Total funds carried forward 1,380,656 14,232 1,394,888 1.415,583 The Statement of Financial Activities includes all gains and losses CogniSed in the year. The notes on pages 9 to 17 form part of these financial statements. Page 7
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible a&sets Current assets 2.387.249 2,435,421 Debtors Cash al bank and in hand 34,705 63.279 34, 705 64,948 97.984 99,653 Creditors-. amounts falling due within one year 10 193,2011 (g5,634) Net current assets l (liabilities) 4,783 4,019 Total assets less current liabilities 2.392,032 2,439,440 Creditor5.' amounts falling due after more than one year 1997,144} (1,023,857J Total nat assets 1,394,888 1,415,583 Charlty funds Endowment funds 12 1.380,656 14,232 7,408,319 7,264 Unrestricted funds 12 Total funds 1.394,888 1.415,583 The financial statements were approved and 8Uthorised for issue by the Trustees and signed on their behalf by.. K)L "eooerf Michael Jeffrey Walsh Robert Albert Greatorex Robert Malcolm Bailey Date.. 13 Sep 2024 The notes on pages 9 10 17 form part of these financial slatgments. Page 8
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Informatlon The Burnhams Surgery Community Healthcare Trust is a CIO registered in England and Wales, registration number 1191966. The registered office is 1 Creake Road, Burnham Market, Kings Lynn, PE31 8EN. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 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 IFRS 102118ffective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Burnhams Surgery Community Healthcare Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise slated in the relevant accounting policy. 2.2 Going concern The trustees have assessed that the basis of going concem is appropriate in preparing these financial stalemenls. The trustees make this assessment in respect of a period of al least 12 months from the dale of approving the financial slatemenls, taking into consideration future interest rates and borrowing costs. The trustees have concluded that the charity has adequate reSoUrS to continue in operational existence for the forseeable future and there are no material uncertainties about the charitls ability lo continue as a going concem basis of accounting in preparing th8 financial statements. 2.3 Incomo All income is recnISed once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income re1vable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimale wth sufficient accuracy the amount receivable. Evidence of enlitlemenl lo a legacy exists uthen the Charity has sufficient evidence that a gift has been left to them (through knoedge of the existence of a valid wll and the death of the benefactor) and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt of a legacy must be recognised when il is probable that il will be reiVed and the fair value of the amount receivable, which wll generally be the expected cash amount to be distributed to the Charity, can be rellaY measured. Income tax recoverable in relation lo investment income is recognised al the time the investment income is re1Vable. Page 9
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (contlnued) 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer ecL)nomic benefit to a third party, il 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 aclivily. The costs of each activity are made up of the total of direct c051s 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 wlh the use of resources. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 2.5 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 institution with whom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £1.000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost, including borrowing costs directly attributable to acquisition or conslruclion. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimienl losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated useful lives, using the straight4ine method. Depreciation is provided on the followng bases.. Buildings Long-lemi leasehold land 50 years slraighl line 125 years straight line Depreciation on property held in endowrnenl wll be charged directly lo the fund. 2.7 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.8 Cash at bank and In hand Cash at bank and in hand includes cash and short-tem highly liquid investments wlh a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 10
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (contlnued) 2.9 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the setlletnenl can be eslimaled reliably. Liabilities are recnISed at the amount that the Charity anticipates il wll pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 2.10 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value. 2.11 Fund accounting General funds are unreslricled funds bthich 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 represent donations and legacies received which form part of the capital fund of the Charity. The endowment fund incjudes depreciation charges directly allocated to the property held in the fund. Investment income, gains and losses are allocated to the appropriate fund. Income from charltable actlvltles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Rental income 116,318 116,318 115,682 Inveslment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Bank interest 532 532 129 Page11
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of support costs 2024 2023 Depreciation Audit and accountancy Irrecoverable VAT Insurance Miscellaneous 48.172 4,923 48,772 8, 729 405 3.032 324 2,676 205 Bank interest payable 81.094 64,394 137,545 124,581 Independent examinerfs remuneration 2024 2023 Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Fees payable to the Charity's independent examiner in respect of.. Prior period auditing of accounts Al other services not included above 3,000 6,950 1, 150 973 Trustees. remuneration and expenses During the year, no TNstees received any remuneration or other benefits (2923- £NIL). During the year ended 31 March 2024, no Trustee expenses have been reclaimed (2023 - £NILJ, as trustees have bome their own individual administrative expenses associated with their role. Page 12
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tanglble flxed assets Long-term leasehold property Buildings Total C05t Al 1 April 2023 2.358.593 125,000 2,483,593 Al 31 March 2024 2.358.593 125,000 2.483,593 Depreciation Al 1 April 2023 Charge for the year 47.172 47.172 1,000 1,000 48,172 48,172 At 31 March 2024 94,344 2,000 96,344 Not book value At 31 March 2024 2,264,249 123,000 2,387,249 At 31 March 2023 2,311,421 124, 000 2,435,421 Debtors 2024 2023 Due within one year Trade debtors 34,705 34, 705 34.705 34, 705 Page 13
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Credltors: Amounts falllng due wlthln one year 2024 2023 Bank loans VAT payable Other creditors Accruals and defeed income 26.714 5,739 31,052 29.696 25,257 5,413 37,000 33,964 93.201 95,634 Included within accruals and deferred income is rental income deferred of £26,69612023- £27,014). 11. Creditors: Amounts falling due after more than one year 2024 2023 Bank loans 997.144 7,023,857 2024 2023 Beeen one and two years Between two and five years Over five years 28.911 101,603 866,630 26,714 93,671 903,472 997.144 1,023,857 Page 14
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Income Expendlture Unrestricted funds General Funds 7.264 116,850 {109.8821 14,232 Endowment funds Endowment Fund 1.408.319 127,6631 1.380,656 Totsl of funds 1.415.583 116,850 {137.5451 1.394,888 The Expendable Endowment fund consists of legacies received from two donors. These were given for the benefit of patients of the Burnham Market Surgery, and towards establishing an Alzheimer's Clinic for local residents. The fund is expendable as the Trustees have discretion lo expend the fund in furtherance of the Charity's objects. Statement of funds - prior year Balance at 31 March 2023 Balance at l Apnl 2022 Income Expenditure Unrestricted funds General Funds- all funds {11.629) 715,811 (96,918) 7,264 Endowment funds EndoyvTnenl Funds - all funds 1,426,240 9, 742 (27,663) 1,408,319 Total of funds 1,414,611 125,553 (124,581) 1.415,583 Page 15
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysls of net assets between funds Analysls of net assets between funds - current perlod Endowment Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 1,380,656 1,006.593 97.984 193,2011 {997,1441 2.387,249 97,984 193,201} 1997,144) Total 1,380,656 14.232 1,394,888 Analysis of net assets between funds - prior period Endowment UnStriCted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 1,408,319 7, 027, 102 2,435,421 99,653 99,653 (95,634) (95.634J (1.023,857) (1,023,857) Total 1,408,319 7,264 1,415,583 Page 16
THE BURNHAMS SURGERY COMMUNITY HEALTHCARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Operatlng lease payments recelvable Al 31 March 2024 the Charity was due to receive future minimum lease payments under non- cancellable operating leases as follows 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 116.000 464.000 1,508.000 116,000 464,000 1,624,000 2,088,000 2,204,000 Included in the lease is a break clause whereby the tenant has the right lo break the lease by giving 12 months, notice. However, lo do so the tenant would have to demonslrale thal they cease lo be entiued to NHS funding, that they have made best endeavours to find allemalive funding and that they have attempted lo locale an assignee for the Practice Lease. 15. Related party transactions The Charity has not entered into any related party transaction during the year. nor are there any outstanding balances owng between related parties and the Charity at 31 March 2024. Page 17