**Charity number: 1201310**
## **BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the charity, its trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5 - 6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9 - 15|
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025**
## **Trustees**
Gillian Fourie Sarah Knowles Jacqueline Floyd Julie Mallinder-Smith Amanda Meachin (resigned 18 January 2025)
## **Charity registered number**
1201310
## **Principal office**
C/O Blackburn Foodbank, Oakenhurst Road, Blackburn, Lancashire, BB2 1SN
## **Accountants**
CW Accountants Limited, 45 Railway Road, Blackburn, Lancashire, BB1 1EZ
Page 1
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2024 to 31 March 2025.
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**
## **a. POLICIES AND OBJECTIVES**
The objects of the charity are:-
i) to promote, preserve and protect the good health of residents of Blackburn with Darwen through the provision of assistance, support, education and practical support in the way food is produced, distributed, consumed and disposed of;
ii) to promote the preservation, conservation and protection of the environment and the prudent use of the resources applied to food production, distribution, consumption and disposal through assistance, education and practical support and by seeking to reduce the quantity of food going to landfill.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## **a. REVIEW OF ACTIVITIES**
Our Good Food Charter which was coproduced with stakeholders and residents in the borough sets out our aims as an organization to:-
- Support everyone to have a good relationship with food
- Promote how we can eat more healthily
- Build our skills as a community around preparing, cooking & growing food
- Link up those who grow our food locally with local people
- Make good use of food surpluses & reduce food waste
- Support our communities to grow, cook & eat together
These aims shaped our workplan for the year. Key achievements in the year include a hugely successful conference which brought stakeholders and residents together to celebrate our good food movement. We have supported community groups to develop their own community cooking sessions and have provided food tasting sessions at many community events across the borough. Our National Apple Day celebration was well attended by residents at Corporation Park. We established a ‘Food Club’ model in partnership with members of our Food Equity subgroup and a Community Climate Network steering group focused on ‘Food for the Planet’. We developed our connections with the local farming community, contributing to the national Food Farming Countryside Conversation ‘What do we really want from Food?’.
Over Winter 2024, we supported community groups to provide warm food to residents across the borough through our small grants programme funded through the Household Support Scheme.
## **Financial review**
## **a. GOING CONCERN**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate
Page 2
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
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 statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **Structure, governance and management**
## **a. METHOD 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 Trust deed.
## **b. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
Blackburn with Darwen Food Alliance is a charitable incorporated organisation established under a constitution which outlines the objects, powers and other guidance adopted. Them charity trustees shall manage the affairs of the charity and may for that purpose exercise all the powers of the charity.
Every charity trustee must be a natural person and not under the age of sixteen. At least one of the trustees of the charity must be eighteen years of age or over. There must be at least three charity trustees. Apart from the first charity trustees, every trustee must be appointed for a fixed term by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
The trustees who served during the year and up to the date of signature of the financial statements were: Jacqueline Floyd (Chair)
Gillian Fourie Sarah Knowles Julie Mallinder-Smith Amanda Meachin (resigned 18 January 2025)
None of the trustees has any beneficial interest in the charity. Policies and procedures adopted by the charity have been developed in line with best practice guidance.
## **Plans for future periods**
## **a. FUTURE DEVELOPMENTS**
We will work towards Sustainable Food Places Silver Award and increase our work around food equity with the Food Alliance taking a key role in centralising surplus food distribution across the borough. We will seek to engage young people further in the work of the Alliance and develop our relationships with local food producers and caterers.
## **TRUSTEES' RESPONSIBILITIES STATEMENT**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements 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 financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
Page 3
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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.
This report was approved by the Trustees, on
and signed on their behalf by:
Page 4
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKBURN WITH DARWEN FOOD ALLIANCE CIO (the 'charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
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 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 the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts 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 been withdrawn.
I 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 can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 25/01/2026
Page 5
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
## Courtney Wright BA FCCA
45 Railway Road, Blackburn, Lancashire, BB1 1EZ
Page 6
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**Unrestricted**
**funds**
**Note**
**2025**
**£**
**INCOME FROM:**
Donations and legacies
2
**30,626**
**TOTAL INCOME**
**30,626**
**EXPENDITURE ON:**
Charitable activities
4
**32,583**
**TOTAL EXPENDITURE**
5
**32,583**
**NET INCOME / (EXPENDITURE) BEFORE**
**OTHER RECOGNISED GAINS AND LOSSES**
**(1,957)**
**NET MOVEMENT IN FUNDS**
**(1,957)**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**14,489**
**TOTAL FUNDS CARRIED FORWARD**
**12,532**|**Restricted**
**funds**
**2025**
**£**
**101,178**
**101,178**
**23,937**
**23,937**
**77,241**
**77,241**
**-**
**77,241**|**Total**
**funds**
**2025**
**£**
**131,804**
**131,804**
**56,520**
**56,520**
**75,284**
**75,284**
**14,489**
**89,773**|_Total_
_funds_
_2024_
_£_
_39,868_|
|---|---|---|---|
||||_39,868_|
||||_25,379_|
||||_25,379_|
||||_14,489_
_14,489_
_-_|
||||_14,489_|
The notes on pages 9 to 15 form part of these financial statements.
Page 7
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **BALANCE SHEET AS AT 31 MARCH 2025**
|**Note**
**£**
**CURRENT ASSETS**
Cash at bank and in hand
**90,018**
**CREDITORS:**amounts falling due within
one year
9
**(245)**
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
10
Unrestricted funds
10
**TOTAL FUNDS**
The financial statements were approved by the Trustees on
The notes on pages 9 to 15 form part of these financial statements.|**2025**
_2024_
**£**
_£_
_£_
_14,734_
_(245)_
**89,773**
_14,489_
**89,773**
_14,489_
**77,241**
_-_
**12,532**
_14,489_
**89,773**
_14,489_
and signed on their behalf, by:|_2024_
_£_
_14,489_|
|---|---|---|
|||_14,489_|
|||_-_
_14,489_|
|||_14,489_|
Page 8
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
Blackburn with Darwen Food Alliance CIO constitutes a public benefit entity as defined by FRS 102.
## **1.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised 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 of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
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.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 9
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES (continued)**
## **1.3 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 allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
## **1.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **1.5 Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **1.7 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 at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 10
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES (continued)**
## **1.8 Fund accounting**
General funds are unrestricted funds which 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **2. INCOME FROM DONATIONS AND LEGACIES**
|**Unrestricted**
**funds**
**2025**
**£**
Donations
**2,626**
Grants
**28,000**
Total donations and legacies
**30,626**
_Total 2024_
_39,868_|**Restricted**
**funds**
**2025**
**£**
**-**
**101,178**
**101,178**
_-_|**Total**
**funds**
**2025**
**£**
**2,626**
**129,178**
**131,804**
_39,868_|_Total_
_funds_
_2024_
_£_
_75_
_39,793_|
|---|---|---|---|
|||||
|||||
||||_39,868_|
|||||
## **3. DIRECT COSTS**
|Project and travel csotgs
General office costs
Stationery
Wages and salaries
_Total 2024_|**Activities**
**£**
**25,866**
**2,179**
**51**
**28,179**
**56,275**
_25,134_|**Total**
**2025**
**£**
**25,866**
**2,179**
**51**
**28,179**
**56,275**
_25,134_|_Total_
_2024_
_£_
_224_
_2,920_
_443_
_21,547_
_25,134_|
|---|---|---|---|
|||||
Page 11
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **4. GOVERNANCE COSTS**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2025**
**£**
**2025**
**£**
Accountanct costs
**245**
**-**
**ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE**
**Staff costs**
**Other costs**
**2025**
**£**
**2025**
**£**
Direct costs - Activities
**28,179**
**28,096**
Expenditure on governance
**-**
**245**
**28,179**
**28,341**
_Total 2024_
_21,547_
_3,832_|**Total**
**funds**
**2025**
**£**
**245**
**Total**
**2025**
**£**
**56,275**
**245**
**56,520**
_25,379_|_Total_
_funds_
_2024_
_£_
_245_|
|---|---|---|
|||_Total_
_2024_
_£_
_25,134_
_245_
_25,379_|
||||
## **5. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE**
## **6. NET INCOME/(EXPENDITURE)**
During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). During the year, no Trustees received any reimbursement of expenses (2024 - £NIL).
## **7. AUDITORS' REMUNERATION**
The Independent Examiner's remuneration amounts to an Independent Examination fee of £ 245 (2024 - £ 245). - -
Page 12
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **8. STAFF COSTS**
Staff costs were as follows:
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Wages and salaries|**28,179**|_21,547_|
The average number of persons employed by the charity during the year was as follows:
|**2025**|_2024_|
|---|---|
|**No.**|_No._|
|**2**|_2_|
No employee received remuneration amounting to more than £60,000 in either year.
## **9. CREDITORS: Amounts falling due within one year**
|**CREDITORS: Amounts falling due within one year**|||
|---|---|---|
||**2025**|_2024_|
||**£**|_£_|
|Accruals and deferred income|**245**|_245_|
## **10. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|**Balance at**
**1 April 2024**
**£**
**Unrestricted funds**
General Funds - all funds
**14,489**
**Restricted funds**
Other Restricted funds
**-**
Total of funds
**14,489**
**STATEMENT OF FUNDS - PRIOR YEAR**
_Balance at_
_1 April 2023_
_£_
**General funds**
General Funds - all funds
_-_|**Income Expenditure**
**£**
**£**
**30,626**
**(32,583)**
**101,178**
**(23,937)**
**131,804**
**(56,520)**
_Income_
_Expenditure_
_£_
_£_
_39,868_
_(25,379)_|**Balance at**
**31 March**
**2025**
**£**
**12,532**|
|---|---|---|
|||**77,241**|
|||**89,773**|
|||_Balance a_
_31 March_
_2024_
_£_
_14,489_|
Page 13
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **10. STATEMENT OF FUNDS (continued)**
## **Restricted funds**
## **SUMMARY OF FUNDS - CURRENT YEAR**
|**Balance at**
**1 April 2024**
**£**
General funds
**14,489**
Restricted funds
**-**
**14,489**
**SUMMARY OF FUNDS - PRIOR YEAR**
_Balance at_
_1 April 2023_
_£_
General funds
_-_
_-_|**Income Expenditure**
**£**
**£**
**30,626**
**(32,583)**
**101,178**
**(23,937)**
**131,804**
**(56,520)**
_Income_
_Expenditure_
_£_
_£_
_39,868_
_(25,379)_
_39,868_
_(25,379)_|**Balance at**
**31 March**
**2025**
**£**
**12,532**
**77,241**
**89,773**|
|---|---|---|
|||_Balance at_
_31 March_
_2024_
_£_
_14,489_
_14,489_|
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR**
|**Unrestricted**
**funds**
**2025**
**£**
Current assets
**12,777**
Creditors due within one year
**(245)**
**12,532**|**Restricted**
**funds**
**2025**
**£**
**77,241**
**-**
**77,241**|**Total**
**funds**
**2025**
**£**
**90,018**
**(245)**
**89,773**|
|---|---|---|
Page 14
**BLACKBURN WITH DARWEN FOOD ALLIANCE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**
|_Unrestricted_
_funds_
_2024_
_£_
Current assets
_14,734_
Creditors due within one year
_(245)_
_14,489_|_Restricted_
_funds_
_2024_
_£_
_-_
_-_
_-_|_Total_
_funds_
_2024_
_£_
_14,734_
_(245)_
_14,489_|
|---|---|---|
## **12. RELATED PARTY TRANSACTIONS**
There have been no related party transactions throughout the financial year.
Page 15