**Charity Registration No. 1192770**
## **PAK7 INTERNATIONAL CIO**
**TRUSTEES' REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **PAK7 INTERNATIONAL CIO**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** A Mahand Monsignor M Nazir-Ali A Mall **Charity number** 1192770 **Principal address** Marlborough House 2 Charnwood Street Derby DE1 2GT **Independent examiner** Azets Audit Services Gladstone House 77-79 High Street Egham Surrey TW20 9HY
## **PAK7 INTERNATIONAL CIO**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 - 14|
## **PAK7 INTERNATIONAL CIO**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
The Trustees present their first report and accounts of the charity for the year ended 31 December 2025.
## **Structure, governance and management**
The charity was established as a Charitable Incorporated Organisation on 14 December 2020.
The trustees who served during the year were: A Mahand Monsignor M Nazir-Ali A Mall N Khan (Resigned 9 October 2025)
Management is delegated on a daily basis to the Chief Executive Officer.
## **Objectives and activities**
The objects of the CIO are, for the public benefit, to advance the Christian religion throughout the United Kingdom and Pakistan in accordance with the statement of faith.
To this end PAK7 International works with partners in Pakistan in 4 key areas:
1. Programs for National TV: that change attitudes to Christians and the Gospel.
2. Programs for Christian TV: where we strengthen the church and invest in the next generation.
3. Social Media: where videos lead to online chat about issues of life and faith.
4. Capacity Building: by investing in media training and equipment.
## **Public benefit statement**
Section 4 of the Charities Act 2011 require charity trustees to comply with their duty to have due regard to public benefit guidance published by the Charity Commission in exercising their power and duties.
The trustees have referred to the guidance regarding our aims and objectives and when planning future activities. We have also considered how our planned activities will contribute to the aims and objectives we have set.
## **Achievements and performance**
2025 was a year of significant and wide-ranging ministry impact for PAK7. Across media production, social media outreach, media training, and organisational development, the teams in Pakistan delivered at a high level — and the evidence of God at work in the hearts and minds of people across Pakistan continued to grow.
## **The PAK7 Channel: Audience and Viewership**
A landmark moment in 2025 was the publication of independent audience research conducted by Gallup Pakistan during December 2024 and January 2025. Using a telephone survey of a nationally representative sample of 1,000 adults, supplemented by a face-to-face booster sample of 1,000 Christians living in largely urban areas, Gallup estimated that:
- 6.8 million adults were aware of the PAK7 channel (5.2% of the adult population of Pakistan).
- 3.5 million adults watched PAK7 during 2024, of whom 93.7% were from non-Christian backgrounds.
- 1.6 million children watched PAK7 during 2024, of whom 95.1% were from non-Christian backgrounds.
- 5.1 million people in total watched PAK7 in 2024.
With the PAK7 channel having been on air for under three years at the time of the research, these figures represent a remarkable level of reach and are a strong foundation from which to pursue PAK7’s five-year strategy.
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## **PAK7 INTERNATIONAL CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Programs for Christian Television**
PAK7’s production teams — spread across four offices in Rawalpindi, Lahore, Faisalabad, and Karachi — produced an impressive and diverse volume of programming throughout 2025. The quality and creativity of their output continued to improve, a fact noted by the judging panel for the annual PAK7 Oscars awards ceremony held at the staff conference in November.
Programs for children included a health and wellbeing series for 7–13 year olds (Sehat Squad), a popular puppet show, a science show, a kids’ cooking show, a Christmas special, action songs for pre-schoolers, and five worship songs featuring young artists. Youth programming included a sketch comedy series (Hansi k Khake), the popular Adventure Theology (Season 2), Road Trip Theology (Season 2), a podcast series exploring social issues faced by young Christians, a show asking what the Bible says about current cultural topics, and Comedy Theology. Programs for women included Women of the Bible (Seasons 3 and 4), Sakhi Saheli (Season 3), Life and Faith — Ladies Only, and Mulakat, a documentary-style series set in rural Punjab. General programming included a third season of Rah ki Roshni featuring ten new speakers, Salt and Light (Season 3), Serving Pakistan (Season 2), Zaboor Hour, and an audience feedback show.
A significant milestone in 2025 was the arrival and installation of PAK7’s new virtual studio at the Lahore office. This state-of-the-art facility enables production teams to create life-like 3D environments for TV presenting and drama — a capability that will substantially enhance the quality of PAK7’s studio-based productions in 2026 and beyond.
PAK7 also continued its localisation of The Bible Project’s “How to Read the Bible” series, with 16 videos submitted for approval by year end.
## **Programs for National Television**
The Financial Literacy Program, produced in partnership with development organisations working in Pakistan, was completed and broadcast on PAK7 during 2025. This program was specifically designed to reach a wider national audience and address practical felt needs, whilst communicating values rooted in the Christian faith. Work also began on a multi-faith drama to be pitched to a national television channel.
## **Social Media Ministry**
PAK7’s Social Media ministry continued to generate some of the most tangible evidence of individual lives being touched by God. Through Facebook advertising campaigns, short testimonial videos, and an apologetics series answering the most-asked questions from the audience, PAK7’s content generated substantial engagement across Pakistan.
Across the full year, PAK7’s social media content generated 7,543,563 video views to 95% completion and 21,492,723 three-second video views, with 628,703 post reactions and over 120,000 comments.
- 2 -
## **PAK7 INTERNATIONAL CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Capacity Building: Training and Equipping**
PAK7’s training ministry continued to be a vital investment in the future of Christian media in Pakistan. In the first quarter of 2025, the team ran nine Regional Video Training Workshops in cities across Pakistan — in Hyderabad, Faisalabad, Rawalpindi, Karachi, Lahore, Abbottabad, Quetta, Sahiwal, and Multan — equipping well over 100 young people with foundational video production skills.
The annual ten-week residential Media School took place in Murree from July 2025. 18 students from 13 different cities across Pakistan enrolled on the course, and 17 graduated. The school focuses on the holistic development of students — character, spiritual life, social skills, and technical video skills — and 10 of the 17 graduates went on to join PAK7 as Year 1 interns.
The annual Alumni Survey, completed in February, gave encouraging evidence of the lasting impact of PAK7’s Media School. All 98 media school graduates to date were surveyed, and 86 responded. Of those who responded, an impressive 89% were still working in the media in some capacity.
## **Organisational Development**
2025 was an important year for strengthening the internal structures of PAK7. A new Ministry Leadership Team (MLT) was formally established in February, bringing together senior leaders from across PAK7’s ministry areas to lead the organisation collaboratively. The MLT met regularly throughout the year, covering PAK7’s five-year strategic plan, talent management, succession planning, crisis management, and the development of a new courses initiative.
A new Ministry Operations function was established, covering Finance, HR, IT, and Broadcasting. Key appointments significantly strengthened PAK7’s financial governance and reporting capability.
A thorough review of PAK7’s HR policies was conducted during the year, benchmarked against Pakistani labour law and international best practice. A new Staff Committee was established at the annual staff conference, ensuring representative staff voices are heard in organisational decisions. Leadership development programmes continued throughout the year, including the Masters in Organisational Leadership (MAOL) for three senior managers, a Developing Leaders programme for emerging talent, and a character-based leadership framework for managers.
## **Risks and uncertainties**
PAK7 operates in a challenging environment. Pakistan’s political landscape remained volatile during 2025, including a period of military tension with India between April and May, and significant terrorist incidents in Balochistan and Khyber Pakhtunkhwa. Severe monsoon flooding also affected many parts of Punjab during the summer. PAK7’s teams operated throughout these periods without interruption to ministry.
As in previous years, PAK7’s principal risks remain:
- Income concentration and cashflow variability: across the wider PAK7 family of which the charity is a part of, the income profit has a marked seasonal pattern, with a strong Q4 and lean Q1. Although the year ended at 97% of the group income target, there were periods during 2025 when cash reserves were severely stretched.
- Recruitment and retention of skilled staff: Finding and developing media professionals with strong Christian faith remains a challenge in Pakistan, which is why PAK7’s training and intern programmes are so important.
- The operating context in Pakistan: Security incidents, political instability, and economic pressures all affect the environment in which PAK7’s staff work and the audiences it seeks to reach.
## **Financial review (including reserves policy)**
PAK7 International was again the beneficiary of a number of grants from its sister charity PAK7 US, a registered 501(c)3 in the USA, which accounted for a significant portion of group income. PAK7 US raises funds in the name of PAK7 and is fully aligned with the aims and objectives of PAK7 International.
UK and European fundraising continued to grow strongly. PAK7 International’s UK and European income for the full year reached £276,021, significantly exceeding the target of £200,000. A growing number of UK and European foundations and church partners contributed to this result.
- 3 -
## **PAK7 INTERNATIONAL CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Plans for the future**
Looking ahead to 2026, PAK7 has a number of significant priorities:
- TV Production: The new virtual studio in Lahore will be used to produce a range of new programmes. The quality and volume of programming will continue to grow across all audience segments.
- Social Media: Outreach in Pashto and Sindhi will be launched, opening new ministry opportunities with previously unreached language communities.
- Training: A series of Regional Video Training Workshops is planned across ten cities in Q1 2026, and Alumni services will be expanded, including an equipment rental programme and an alumni gathering.
- A new Courses team will develop and roll out video-based courses to churches across Pakistan.
- Fundraising: PAK7 International’s UK and European income target for 2026 is £320,000. A significant restructuring of PAK7’s US fundraising model — moving to an offshore development model based in Pakistan, working alongside US-based volunteers and board members — is intended to enable more cost-effective growth in US income.
- Organisational Development: The Ministry Leadership Team will hold its first annual retreat in February 2026. Significant new hires are planned across communications, development, and operations functions.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board of trustees
SIGN
..............................
## **Monsignor M Nazir-Ali**
Trustee Dated: ......................... 29th June 2026
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## **PAK7 INTERNATIONAL CIO**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAK7 INTERNATIONAL CIO**
I report on the accounts of the charity for the year ended 31 December 2025, which are set out on pages 6 to 14.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination being a qualified member of ICAEW.
It is my responsibility to:
- (i) examine the accounts under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Creasey FCA Azets Audit Services
Gladstone House 77-79 High Street Egham Surrey TW20 9HY United Kingdom
Dated: .........................1 July 2026
- 5 -
## **PAK7 INTERNATIONAL CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Notes**
**Incoming resources from generated funds**
Donations and legacies
**2**
**Resources expended**
**3**
**Costs of generating funds**
Costs of generating donations and legacies
**Net incoming resources available**
**Charitable activities**
Activities undertaken and support costs
Governance costs
**Total resources expended**
**Net income for the year/**
**Net movement in funds**
Fund balances at 1 January 2025
**Fund balances at 31 December 2025**|**2025**
**£**
**929,615**
**76,699**
**852,916**
**785,891**
**26,493**
**889,083**
**40,532**
**71,060**
**111,592**|2024
£
818,050|
|---|---|---|
|||79,016|
|||739,034
689,152|
|||12,498|
|||780,666|
|||37,384
33,676|
|||71,060|
- 6 -
## **PAK7 INTERNATIONAL CIO**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
**Net current assets**
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2025**
**£**
**62,848**
**42,957**
**105,805**
**(10,318)**|**£**
**16,105**
**95,487**
**111,592**
**111,592**
**111,592**|2024
£
79,619
4,452
84,071
(17,143)|£
4,132
66,928|
|---|---|---|---|---|
|||||71,060|
|||||71,060|
|||||71,060|
The accounts were approved by the Trustees on ......................... 29th June 2026
SIGN .............................. Monsignor M Nazir-Ali **Trustee**
- 7 -
## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **1.1 Basis of preparation**
PAK7 International CIO is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The office address is Marlborough House, 2 Charnwood Street, Derby, Derbyshire, DE1 2GT.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities" ("The Charities SORP FRS 102), effective 1 January 2019 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
## **Going concern**
The trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being for a period of at least 12 months from the approval of these financial statements and believe that it remains appropriate to prepare the financial statements on a going concern basis.
## **1.2 Incoming resources**
Donations are recognised when the company has entitlement to the income, it is probable that the income will be received and the amount can be measured reliably.
## **Donated services and facilities**
Donated services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **1.3 Resources expended**
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 classified under the following activity headings:
## **Expenditure on charitable activities**
Expenditure on charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
Governance costs includes those costs associated with the constitutional and statutory requirements of the charity and include the independent examiner's fees and costs linked to the strategic management of the charity.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
3 years straight line
- 8 -
## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Trade and other receivables**
Trade and other debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment. Financial assets classified as receivable within one year are not amortised..
## **1.6 Trade and other payables**
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.
## **1.7 Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **2 Donations and legacies**
|Donations in kind
Donations|**2025**
**£**
**720,223**
**209,392**
**929,615**|2024
£
782,349
35,701|
|---|---|---|
|||818,050|
Donations in kind includes £nil (2024: £17,727) of fixed assets which were gifted from the PAK7 US Inc.
- 9 -
## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **3 Total resources expended**
|**Costs of generating funds**
Costs of generating donations and legacies
**Charitable activities**
Activities undertaken and support costs
Activities undertaken directly
Support costs
Total
**Governance costs**
**Costs of generating donations and legacies**
Staff costs
Office supplies
Travel
Telephone
Printing
Postage & shipping
Education and training
Subsistence
Other expenses|**2025**
**£**
**76,699**
_714,387_
_71,504_
**785,891**
**26,493**
**889,083**
**2025**
**£**
**57,746**
**290**
**16,250**
**81**
**67**
**149**
**-**
**848**
**1,268**
**76,699**|2024
£
79,016|
|---|---|---|
|||_604,904_
_84,248_|
|||689,152|
|||12,498|
|||780,666|
|||2024
£
58,410
622
13,719
53
72
22
132
1,782
4,204|
|||79,016|
## **4 Costs of generating donations and legacies**
- 10 -
## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **5 Activities undertaken directly**
|Staff costs
Rent
Maintenance and repairs
Office supplies
Production costs
Contractors
Software
Legal and professional fees
Education and training
Travel
Subsistence
Subscriptions
Telephone and fax
Health insurance
Bank charges
**Support costs**
Staff costs
Office supplies
Telephone and fax
Printing
Postage and stationery
Software
Legal and professional fees
Insurance
Travelling expenses
Subsistence
Subscriptions
Bank charges
Exchange gain or loss
Other costs
Depreciation||**2025**
**£**
**80,719**
**38,670**
**72,288**
**33,405**
**83,083**
**323,234**
**3,064**
**34,612**
**13,635**
**28,673**
**1,302**
**1,586**
**116**
**-**
**-**
**714,387**
**2025**
£
**53,446**
**78**
**139**
**287**
**41**
**3,443**
**7,770**
**-**
**852**
**209**
**763**
**198**
**(1,304)**
**275**
**5,307**
**71,504**|2024
£
95,095
34,468
8,627
28,012
121,450
263,563
2,325
7,232
18,841
21,207
1,415
-
85
2,375
209|
|---|---|---|---|
||||604,904|
||||2024
£
52,668
202
185
322
219
1,601
6,907
1,887
2,987
291
375
230
89
-
16,285|
||||84,248|
**6 Support costs**
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## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **7 Governance costs**
|Auditors remuneration
Trustee expenses|**2025**
**£**
**4,400**
**22,093**
**26,493**|2024
£
4,500
7,998|
|---|---|---|
|||12,498|
## **8 Trustees**
The only transactions with the four trustees relate to the reimbursement of reasonable travel and subsistence costs to attend meetings held by the charity of £22,093 (2024: £7,998).
No remuneration was paid to the Trustees in the year.
## **9 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Employees
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The number of employees whose remuneration was £60,000 or more were:
£70,000 - £80,000|**2025**
**Number**
**5**
**2025**
**£**
**175,850**
**5,538**
**10,523**
**191,911**
**2025**
**Number**
1|2024
Number
5|
|---|---|---|
|||2024
£
177,763
17,874
10,535|
|||206,172|
|||2024
Number
1|
- 12 -
## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**10**
**Tangible fixed assets**
**Cost**
At 1 January 2025
Additions
**At 31 December 2025**
**Depreciation**
At 1 January 2025
Charge for the year
**At 31 December 2025**
**Net book value**
**At 31 December 2025**
At 31 December 2024
**11**
**Debtors**
Other debtors
Prepayments
**12**
**Creditors: amounts falling due within one year**
Other taxation and social security
Accruals|**Fixtures,**
**fittings &**
**equipment**
**£**
20,417
17,280
**37,697**
16,285
5,307
**21,592**
**16,105**
4,132
**2025**
2024
**£**
£
**58,165**
73,591
**4,683**
6,028
**62,848**
79,619
**2025**
2024
**£**
£
**8,298**
8,063
**2,020**
9,080
**10,318**
17,143|
|---|---|
- 13 -
## **PAK7 INTERNATIONAL CIO**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **13 Unrestricted funds**
|||**Movement in**|**funds**|||
|---|---|---|---|---|---|
||**Balance at 1**|**Income**|**Expenditure**||**Balance at 31**|
||**January 2025**|||**December 2025**||
||**£**|**£**|**£**||**£**|
|**Unrestricted funds**|71,060|929,615|(889,083)||**111,592**|
||71,060|929,615|(889,083)||**111,592**|
## **14 Related parties**
Costs totalling £889,083 (2024: £764,623) were paid in the period and subsequently donated to the charity by PAK7 US Inc, a related not for profit entity with trustees and objectives in common.
- 14 -