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2024-03-31-accounts

REVEALING A NEW SCENE ouths In the Spotlight T¢¢ns Trailblazers ACCOUNTS 2023-2024

LEGAL AND ADMINISTRATIVE CHARITY NO 1198836 TRUSTEES Leo Grosz Helen Lebrecht Hannah Weissman ADDRESS 7 Durlston Road London E5 8RP CONTACT US teenstrailblazersuk@gmail.com Teens Trailblazers

MESSAGE FROM THE CHAIR IT ALL STARTED with a script, a vision for creating a space where teenage girls could rise, step into their own light, and lead with confidence. But as we've learned over the last two years, some don't just follow the scrip, they rewrite it, bringing their own unique energy, passion, and strength.TeensTrailblazers has become a place where our girls don'tjust take roles written forthem, they own the stage, lead the way, and shine on their own terms. THIS YEAR'S THEME, is a declaration of where we've been and where we're going. Its a call to stop asking youth to fit into someone else's narrative and instead to give them the spotlight to craft their own stories. Our gir5s are not waiting for tomorrow, they are creating today, taking the stage, and showing us all what true leadership looks like. The pastyear has brought unprecedented challenges.from the rising cost of living to the pressure5 of an ever-changing world. For many, these difficulties are overwhelming. but for our girls, the weight of these struggles is heavier. Economic pressures, mental health strain, and the demands of navigating life in a turbulent society are felt more acutely by young women. IN RESPONSE, our programs have expanded to focus even more on emotional well-being, mentorship, and skill-building that prepares our girls to face life's toughest challenges with strength and resilience. We're empowering them to take charge of their future and lead the way. WE ARE ALSO PROUD to introduce the Heads and Shoulders Above, a youth council who will guide the future of Teens Trailblazers.These girls will be at the forefront, helping shape program5, influence decisions, and ensure that their voices lead the way in every initiative. They are heads and shoulders above, ready to lead, inspire. and pave the way forthe next generation. LOOKIMG BACK we're amazed at how far we've come. But as we look ahead, we know this is just the beginning. Teens Trailblazers is a movement. led by the unstoppable, visionary girls who are taki ng charge of their lives and their communities. Together, we are creating a world where every girl can step into the spotlight and shine on her own terms. AS WE CELEBRATE two years of growth, we recognize how each girl has taken centre stage, embraced her unique role, and brought her own passion and expression to the scene. Their journey has been one of confidence, creativity, and leadership, as they continue to rewrite the script and inspire those around them. 4ere's to Iiew Scenes, new Storie& ana to the girls wlw are lea4ing us all into a brighter fvture. LEO GROSZ

VISION Inspiring independence and inclusion for young r.eople who lack resources ana self-be ief to invest in themselves. OUR vision at Teens Trailblazers is to create a dynamic youth club where teenagers are at the forefront of decision-making processes. We aspire to nurture a community of trailblazers who fearlessly embrace challenges, take initiative, and create positive change. We envision a future where every teenager has the ° MISSION meaningful impact on their communities, and become future leaders and innovators. Empowering teenagers through personalized supporL skill-buiiain Kogpams. ana community engagement to reak rriers. discover their Potential. ana create a path towards a brighter fvture. THE mission of TeensTrailblazers is to provide a vibrant and inclusive space forteenagers to express themselves, collaborate, and lead projects that address their needs and aspirations. By focusing on food security, sports opportunities, reducing screen time, and developing leadership and employability skills, we aim to empower teenagers to become trailblazers in their own lives and inspire others around them. We are dedicated to fostering a supportive community that encourages personal growth, resilience, and a lifelong commitment to making a positive difference. WE firmly believe that every individual, regardless of their circumstances, deserves the opportunity to realize their true potential and shape their own destiny. Through our comprehensive programs, mentorship, and unwavering support, we aim to empower these young individuals to break free from limitations, embrace their unique strengths, and embrace their journey towards a future filled with boundless possibilities. We strive to create a community where everyone is valued, included, and encouraged to thrive, ensuring that no young person is left behind in their pursuit of personal growth, success, and a sense of purpose.

SPOTLIGHTS ON PROJECTS Mentoring ana Peer Swiport Program: We establish a mentoring and peer support program that pairs experienced mentors Wlth teenagers who may benefit from guidance and encouragement.This program provided a safe space for sharing experiences. discussing challenges, and receiving advice on personal, academic, and career development. JRA ITY Skills pevelopment Workshops: We ran workshops focused on developing essential life skills such as communication, problem-solving, time management, and financial literacy. These workshops included interactive activities, guest speakers, and hands-on exercises to provide practical knowledge and empower teenagers with valuable skills for their personal and professional growth. Sports Tournament an4 Coaching Program: A fabulous sports tournament which offered a variety of sports activities for teenagers. This included regular training sessions, friendly competitions, and opportunities for leadership roles within the teams. Through sports, participants developed physical fitness, teamwork, discipline, and sportsmanship.

SPOTLIGHTS ON PROJECTS Pifital petox challengt. We launched a digital detox challenge that encourages teenagers to reduce screen time and engage in alternative activities. We provided resources and support to help them explore hobbies, creativity, and social interactions offline. This project promoted self-awareness, mental well-being, and a healthier balance between technology. Warm llearts, full plates: This year, we launched a vital initiative to supportgirls and theirfamiliesduring the cost-of-living crisis. Through this project. we've prepared thousands of warm meals and food parcels, ensuring no gi rl goes hungry. Warm meals are available at all our clubs, and food parcels are distributed to families facing food poverty. What makes this initiative truly special is the involvement of ouryouth volunteers, who play an active role in meal preparation, packaging, and distribution-fostering a sense of community and solidarity in challenging times.

ILLUMINATING THE TRAILBLAZING OUTCOMES SKILLS DEVELOPMENT WORKSHOPS: Leadership Eoles & Pepscfial Grtyvth: Over 30 girls assumed leadership roles in local events, school clubs, and personal projects. IncfEased Self-E%pfe&sicn & Fknblic Speaking C￿pidente. 87% of participants reported feeling more comfortable expressing their ideas in public and engaging in discussions. This boost in self-expression is particularly impacfful in their academic and social settings. Conflict kesolL4tlc￿ & CollabopatiLy' 7296 of girls reported better collaboration skills after participating in group activities. These new skills have helped them navigate social 51tuation5 Wlth greater ease. SPORTS TOURNAMENT & COACHING PROGRAM: Mysical & Mental Resilience Score". 7896 of participants showed improvement in both physical and mental resilience, indicating growth in not only strength but also perseverance. Teamwork & Communication Skill5: 8596 of participants said their ability to work with teammates and communicate effectively in high-pressure situations had improved, both in sports and in other areas of their lives. Goal Setting & AchievemenE: 8696 of participants set personal fitness goals and met them, demonstrating a strong sense of determination and self-discipline. DIGITAL DETOX CHALLENGE: Creative Growth. 13 new collaborative art projects were created by girls who reported a significant increase in offline hobbies, including painting and music. Mental weli-Being & stress keduction: 91 Wo of participants reported feeling less Stressed and more mentally present after the detox challenge, with a marked decrease in anxiety related to online pressure.. Social Connectivity & cornM￿nity PA4ilding: 89% of participants reported spending more quality time with family and friends, leading to stronger, offline social connections.

ILLUMINATING THE TRAILBLAZING OUTCOMES MENTORING a PEER SUPPOR T PROGRAM Perscnalized Ment¢xEhiP Grwth: 83% of participants reported a significant increase in self-confidence and self-awareness through one-on-one mentoring sessions. Peer 5tspprt & CornmL4nity BL4ilding: 70% of participants actively engaged in peer-to-peer support sessions, providing advice and encouragement to other girls facing similar challenges. WARM HEARTS. FULL PLATES: Alkviating Fwd PoNerty: Over 5,000 warm meals served and 1,500 food parcels distributed to families experiencing food insecurity. This initiative has directly addressed food poverty by ensuring that girls and their families have access to nutritious meals during a time of financial strain. Ntsèritional SuPPOrt & well-being: 99% of participants reported feeling healthier and more energetic due to consistent access to nutritious meals. Providing balanced meals has not only alleviated hunger but also improved the physical and mental well-being of girls who would otherwise struggle with food scarcity. Red￿cing Food waste: By repurposing surplus food, we've not only fed those in need but also contributed to sustainable practices and waste reduction.

dAPEEK BEHIND THE SCENES HERE'S A GLIMPSE INTO THE BEHIND-THE-SCENES OF HEADSAND SHOUIDEAS. WHERE OUR LEADERS SHARE THEIR PERSONAL JOURNEYS. GROWTH, AND THE IMPACT THEY'RE MAKING. FROM SHY BEfjINNINGS TO CONFIDENT LEADERS. EACH OF THEM Has A UNIQUE STORY TO TELL. CR IYOUTH ADVOCACY LEADI: I was a really shy person when l firstjoined, and honestly. I wasn't Sure I could take on a leadership role. But asyouth Advocacy Lead, I've found my voice and the confidence to speak up for the needs of our girls. It's been such a journey, from being quiet to now advocating for the change I want to see in our community. Itg empowering, and I'm proud to be part of it. R (EVEMT COORDIIIATOR): I love the energy of organizing and bringing people together. As Event Coordinator, I get to make sure our events run smoothly and Create memorable experiences for everyone. Whether it's a workshop or a larger community evenL it's about Creating spaces where the gir15 can grow, connect, and have fun. Watching it all come together is always the best pa ICREATIVE DIRECTOR): Creativity has always been my passion, and now, as Creative Directo¥, I get to Ihannel that into promoting our mission and engaging the community. From designing social media campaigns to creating event concepts, I love how creativity brings everything to life. It's powerful to See our ideas come to fruitio and have a real impact on the girls we work with. R (PROGRAM LEAD).. I've always been someone who loves structure and organization. As Progfam Lead, I manage and develop our key initiatives, ensuring they meet the needs of the girls we serve. It's amazing to see how the programs evolve and the positive impact they have on the community. Knowing that we're helping these young people find their voice and their strength is incredibly rewarding.

COMING SOON! NEXT SCENE... Light& Camera, Corfi4en¢e: A new drama program to enhance public speaking, creativity, and self-expression through perfoimance. Cook & Connecl. Cook & Connect sessions where youth and their families can learn meal prepalation together, fostering community bonds and e Wellness Lab: Introducing yoga, mindfulness, and art therapy workshop5 to support emotional well-being and resilience. Tram Growth ViSi¢XI: This year, we will hire administrative staff to Improve operational efficiency and better support our programs. ensuring we can have a greater impact on the community.

TEENS TRAILBLAZERS

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are

  1. To advance in life and relieve needs of young people.

  2. To relieve financial hardship of children and young adults that are disadvantaged by poverty.

The charity carries out its objectives by providing recreational and leisure time activities provided in the interest of social welfare, designed to improve the young peoples conditions of life, and by providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

The charity relieves financial hardship of children and young adults that are disadvantaged by poverty through the provision of food.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Due regard is also given to the deliverance of the Child Protection Policies within the direct work undertaken by the charity and within the organisations in receipt of grants.

Achievements and performance

Financial review

In the period under review the charity generated income of £115,236 and incurred expenses of £115,182 resulting in net incoming resources of £54.

The trustees are satisfied with the results of the charity. The charity's statement of financial activities shows total free reserves of £867.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to aproximately three month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The charity has increased its fundraising efforts to enable the charity to reach this level of reserves.

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

Plans for future periods

There are no current plans to change the activities or modus operandi in the foreseeable future.

Structure, governance and management

The charity is a Charitable Incorporated Organisation and is governed by its governing document. It was registered as a charity on 05 May 2022.

TEENS TRAILBLAZERS TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 The trustees who served during the year and up lo the dale ot signature of the financial statements wer&.. Mr L Grosz Mrs H Lebre¢ht Mrs H Wei6sm8n 11 is not the intention of the tW8tee8 of the charity to appoint any new trustees. Shovld the situabon change in the future, the twstees VAII apply suitable recruitment induction and training procedures. The Iru$lees admini$ler the day lo day running of the charity- None of the trustees has any beneficial interest In the charity. The trust S, f8POrt was approved by the Board of Trustees. .cé Mr L Grosz Trustee Mrs H Lebrecht Trustoe Date.. ir

TEENS TRAILBLAZERS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEENS TRAILBLAZERS

I report to the trustees on my examination of the financial statements of Teens Trailblazers (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with 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:

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 financial statements to be reached.

J Silver FCCA Independent Examiner Precision Ltd 32 Castlewood Road London N16 6DW

Dated: .........................

TEENS TRAILBLAZERS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and
legacies
3
106,176
9,060
Expenditure on:
Raising funds
4
3,908
-
Charitable activities
5
102,214
9,060
Total expenditure
106,122
9,060
Net income for the year/
Net movement in funds
54
-
Fund balances at 1 April
2023
813
-
Fund balances at 31
March 2024
867
-
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
115,236
148,710
17,500
3,908
-
-
111,274
147,897
17,500
115,182
147,897
17,500
54
813
-
813
-
-
867
813
-
Total
2023
£
166,210
-
165,397
165,397
813
-
813

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

TEENS TRAILBLAZERS BALANCE SHEET AS Af31 MARCH 2024 2024 2023 Nots Current assets Cash al bank 8nd in hand 2.187 1,533 Credltorn: amounts falllng due wlthln onè year 11 11,3201 17201 Nel current assets 867 813 Incomè fvnds Unrestricted funds 867 813 867 813 The financial ststements were approvad by the Trustees on .. Mr L Grosz Tru*tse Mrs pl Lebrècht Trustee

TEENS TRAILBLAZERS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Teens Trailblazers is a Charitable Incorporated Organisation.

1.1 Reporting period

The comparative amounts presented in the financial statements are not entirely comparable as they relate to a period of less than one year as the charity was incorporated in May 2022.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, based on the continued support from the community. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

TEENS TRAILBLAZERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it 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 activity. The costs of each activity are made up of the total of direct costs 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 with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

TEENS TRAILBLAZERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
106,176
-
Other Grants
-
9,060
106,176
9,060
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
106,176
148,710
-
9,060
-
17,500
115,236
148,710
17,500
Total
2023
£
148,710
17,500
166,210

4 Raising funds

Unrestricted
funds
2024
£
Fundraising and publicity
Advertising
3,908
3,908
Total
2023
£
-
-

TEENS TRAILBLAZERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Charitable activities

Charitable
Charitable
Expenditure Expenditure
2024 2023
£ £
Youth Summer Club 47,589 59,251
Youth Club activities 12,065 5,235
STOP Project 4,705 11,012
Trips & Transport 17,563 22,575
Foodbank and Meals Project 24,238 50,398
Venue Hire - 3,390
106,160 151,861
Grant funding of activities (see note 6) 36 10,000
Share of support costs (see note 7) 3,143 2,771
Share of governance costs (see note 7) 1,935 765
111,274 165,397
Analysis by fund
Unrestricted funds 102,214 147,897
Restricted funds 9,060 17,500
111,274 165,397

6 Grants payable

Charitable
Charitable
Expenditure Expenditure
2024 2023
£ £
Grants to institutions:
Other 36 10,000

TEENS TRAILBLAZERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Support costs

Support
costs
Governance
costs
£
£
General administration
costs
3,143
-
Accountancy
-
1,920
Bank charges
-
15
3,143
1,935
Analysed between
Charitable activities
3,143
1,935
2024Support costs Governance
costs
£
£
£
3,143
2,771
-
1,920
-
720
15
-
45
5,078
2,771
765
5,078
2,771
765
2023
£
2,771
720
45
3,536
3,536

Governance costs includes payments fees to the independent examiners of £1,920.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 1,320 720

12 Related party transactions

There were no disclosable related party transactions during the year.