Charfty Registratlon No. 221462 Company Number J588731 Christian Publlshlng & Outreach Limlted (A company Ilmlted by guarantee) UNAUDITED TRusfEES' REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEvfEMBER 2023
CHRisfiAN PUBLISHING & OUTREACH UMrrED (A Company Ilrnited by Buarantee) Contents Page Reference and admlnistrative details of the Charity. its Trustees and advisers Tru5tees' report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial ststements SL15
CHRisnAN PUBUSHING & OUTREACH UMITED IA Company Ilmited by guarantee} Reference and administratlve detsils of the Charity, its frustees and advise For the period ended 30 September 2023 Charity Registration No. Company Number Date of Registration Start of Financialyear Trustees at 1st October 2022 and 30th September 2023 221462 00588731 12" August 1957 1° October 2022 Mike Elms. Chair Robjames Simon Allaby Stew Smith Ms C l Breuning (Resigned 25 October 20221 Rev TW Russoff (Resigned 25 October 20221 Mrs AS ALLchorn (Resigned 25 October 20221 Mr A J Hare Iresigned 31 October 20221 CPO is a Charitsble ComparyLimited byGuarantee Memorandum &Articles of Association Registeied Charty12214621 with The Charity Commlssion CPO has always existed to "Advance the Gospel of our Lor(l Jesus Chdst
by d15pLay. publlclty and advertlsin& ty assisting churches and other organisations o lor the advancement of the Christian faith owrth thelr (Jispky. publicity, and advertisin& and ty such means, beingcharitable, as may be determined bythe charlty." Re8lStered Address 9 Pob Field Drive. Canterbury, England, CT3 4FA CorresF)ondence Address 9 Polo Field Drive, Canterbury, En8land. CT3 4FA Independent Examiner Luke W Woodhams FCCA TN6 Ltd, Chartered Certified Accountants, Pine Grove Enterprlse Centre. Pine Grove, Crowborough. TN6 IDH OtherTrustees In post at 1st October 2022 Chlef Executive Offlcer Legal Status Governlng Instrument Objects
CHRISTIAN PUBLISHING & OUTREACH UMITED (A Company Ilmlted by guarnntee) Trustses, report For the period ended 30 September Z023 The Trustees present their annual report tO8ether with the financial statements of the Charity for the year to 30 September 2023. The financial Statements of the Charity comply with current statutory reporting requirements, the governing document5 of the Charity and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211. the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2rA)6. The financial statements have been prepared in accordance wfth the provlslons applicable to companies subject to the small companies 1rne. Durlng the prior period the group changed tts perlod end from 31 December to 30 September. The prior period results represent 9 months. Therefore. comparatlves are not entirely comparable. Structure. goveman¢e and management a. Governing Document Christian Publicity Ltd was established in 1957 and changed its name to become chrIsan Publishing & Outreach Limited ICPOI in 2014. CPO Is a charitable company limited by guarantee and governed by a Memorandum & Arhcles of Association. It is a regisiered charity (number 221462) with The Charity Commission for England & Wales. b. Governance The charity is administered by a trustee board whith Is appointed in accordance with the Artlcles of Association. The trustees are responsible for the proper handling of the affairs of the charity. The trustees are responsible to the charity commIonerS for the MaIntenan of the charltable objects of the charity. All trustees are volunteers who give their time freely. No-one was paid to contribute as a trustee during the year. c. Re¢rultment and appolntment of new Twstees Three trustees resigned during the year. This gives the charity four trustees movlng forward with its refocussed ortivities. New trustees are appointed by the existing trustees by seeking Out people with the requlslte skills and experience to add to the goveming body of the charity- d. Indurtion and tralnlng of new Trustees All new trustees seek to familiarise themsefves with the WO of the charity-
. Chlef Executive
The Chief Executive resigned when the previous yearfs restructure of the Charity was concluded. The Charity has not employed any other staff during the year.
cHRIlAN PUBLISHING & OUTREACH UMITED IA Company Ilmlted guarantee) Trustees, report For the period ended 30 Septernber 2023 Structurei governance and managemetrt (continued) f. Trustee meetings The trustee board meets regularly whether physically or virtually. Trustees are requlred to declare conflicts of interest at any meeting and withdraw from decisions where a conflict of interest arises. Oblectfves and actlvltles a. Oblertlves and alms CPO has always existed to "Advance the Gospel of our Lord Jesus Christ by display. publicity and advert15in& by assisting churches and other organisations for the advancement of the Christian faith with their display, publicity, and advertisin8, and by such other means being charitable a5 may be determined by the charity." b. Artlvltles To achieve these aims. CPO has provlded inspiringcommuniutlons to churches and the wlder Christian community in the UK since 1957. c. Mlsslon Sustslnablllty The series of steps taken by the Board and Management led to the transfer of all operatlonal artlvlttes to Yeomans Press Ltd on 1st July 2022. At the beginning of the period covered ty this report, therefore. CPO had dNested all its primary tradin8 artivities and was only producing the Funeral Service Journal. This is classified as non-primary purpose trading and is conducted through an independent compony. Funeral Service Journal Ltd. Since then, the focus has been on developing plans to deliver the Mission and ensure the flnancial viability of the organisation. d. Strategy As stated in last yearfs rernrt, the Board became increasingly concerned that CPO wa5 off-mission In regard to its principal charitable objective: to advance the Gospel through communications and drew up a "Mission First" strategy which would invofve the charity'.- al Exiting all its 'shop' tradlng and associated actNtties by transferrin8 them to a third party bl Adopting a 'zero-overhead' operational plan; with any future funds raised to be used solety for dired mlssional activities cl Selling FSJ Ltd- or a reducbon in CPCYS shareholding to a minority, investment. position. The Management Tearn of FSJ Ltd,, now an independent company, is handling this matter. The Charlty Commission were kept Informed throughout this prO5S by a series of Serious Incident Reports and now consider the case closed.
CHRISTIAN PUBUSHING & OUTREACH UMITED (A Company IlmSted by guarantee) Tru5tees' report For the peri¢xl ended 30 september 2023 Achlevements and performance 8. Public Benefft The Tru5tee5 have considered the guidelines issued by the Charlty Comffllsslon with regard to public benefit and how the charity complies with these requirements. They are confident that they have complied with the duty in section 17151 of the Charities Act 2011 with regard to public benefft. The charity make5 available to Chrlstlan organisations its range of communications without the exclusion of any denomination within the Christian reli8ion. b. Achlevement and Pertornian The brief 8Nen to the Executive team by the Irustees in Spring 2022 was to "ensure the mission continues land is in a posStlon to flourish), we afe'solution neutral, al)out what happens to the existing operations. was delNered. At the end of the year, CPO Ltd
held £5,000 (less bank charges) in it$ Bank account as per its Reseryes Pollcy had passed responsibility for the future of FSJ Ltd to the FSJ Board had agreed to transfer its shareholding investment to the FSJ Mana8ement was pre5entin8 Itself as Logos Foundation 'Placing Logos amongst the1080s' 'Taklng the Word into the world, had developed a portfolio of adverbsing concepts that would promul8ate the Charity's Mission of advanclng the Gospel had established links with other OrganisOnS sympathetic to that objective had been adopted by Yeomans Press Ltd as their Corporate Foundation, with donatlons that would facilitate the research of the advertising concepts c. Flnanclal revlew In last yearfs report we stated that The focus has been on developing plans to dellver the Mission and ensure the financial viability of the organisation." This has now been delrwered within the broader Strategy described in the pOrt. "In addition to the financial sustainability pressures on the organlsatlon. the Board became InCa51ngIY concerned that CPO was off-mission in regard to its principal charltable objective: 'to advance the Gospel through communications, and drew up a "Mission Fir5f 5trate8y which would involve the charity".- exiting all Its'shop, trading and associated attfvltfes by transferring them to a third party adopting a 'zero-overhead' operational plan: with any future funds raised to be used solety for direct missional activities selling FSJ Ltd,. or a reduction in CPO'S shareholdin8 to a minorrty. investment. P05itiOn." bl The report also noted that-. "The Charity Commission were kept informed throughout this process by a series of Serious Incident Reports and that they now considered the case closed."
CHRISTIAN PUBLISHING & OUTREACH UMrrED IA Company limlted by guarantse) Trustees, report For the period ended 30 September 2023 c. Flnanclal revlew (continued) On 26 October 2022, Heritage Studios Ltd changed its name to Funeral Service Joumal Ltd* IFSJI in recognition of the above changes and the CPO Trustees released FSJ Ltd from the Group arrangement. The implementation of the 'zero<werhead' operational plan from 1st Ortober was undertaken to protert the Charivs solvency situation and was achieved when the FSJ Ltd management agreed to assume responsibility for CPO'5 trading-incurred financial assets and liabilities: prirbcipally the remaining balance of the £50,OLK) Bounce Back Loan. The key elements of thi5 agreement were:_
All CPO Ltd financial assets and liabllltles were assigned to FSJ Ltd lother than a bank balance of £5,LKKI- in accordance with the Resetves policy highlighted in the prevlous Annual Report), The usual annual FSJ Donation to CPO would be pald into the fund being used to settle the CPO labilities. Any surplus net proceeds at the conclusion of the exercise would be donated to CPO. d. Reserves pollcv The Trustees keep the level of the charitys SerIeS under review. They have retained the policy of setting target reserve5 at a Minimum£5,1 for the ongoing charity operatlons. e. Golnz Concern The actions taken in Sprlng & Summer 2022 removed all operational actlvlty from CPO In order to focus on charity fundralslng in order to fund Christian creafjve campai8ns and communicadons. Accordingly, the Trustees remain confident that the Group and charitable company continue to be a going concern for a perlod of at least twefve months from the date of approval of these accounts and beyond. f. Plans for fvture p•rlods The Trustees are committed to the Strategy defined above and are confident that the $truCtured organlsation can continue to fund on ever growing range of communication campaigns and material for churches and charities in furtherance of its mission. Thls report was approved by the Trustees and $18ned on their behalf by: Mr M Elms Date.. 2*. 201
CHRisfiAN PU8USHING & OLITREACH UMITED Independent Examlnerfs Report to the Tru5teeslDirtctors of CPO I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023. Responsibilities arHI basis of report As the charity's trustees of the Company (who are also the dlrectors of the company for the purposes of company lawl, you a responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Act 2{ 1.the 2(KJ6 Art"). Having satisfied myself that the accounts of the Company are not reqUId to be audited for this year under Part 16 of the 2CKJ6 Act and are eligible for independent examination, l pOrt in respect of my examlnation of your charitWs accounts as carried out under section 145 of the Charities Ad 20111"the 2011 Act'l. In carrying out my examination. I have foll0vd the Directions 8iven by the Charity Commisslon lunder sectlon 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confimi that no material matters have come to my attention which 8ives me cause to believe that.. accounting records were not kept in accordance wlth sertlon 386 of the Companles Act 2DJ6; or the accounts do not accord with such records; or the accounts do not comply wilh relevant accounting requirements under sertlon 396 of the Companies Act 2C(16 other than any wuirement that the accounts give a 'true and falr, vlew which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the Charities SORP IFRS1021. I have no concerns and have come across no other matters in connettlon with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Luke W Woodharns FCCA TN6 Ltd Pine Grove Enterprise Centre Pine Grove Crowborough East Sussex TN6 IDH Date:
CHRISTIAN PUBUSHING & OUTREACH UMITED (A Company limited by guarantee) ststement of Finan¢lal Artlvltles for the Year Ended 30 September 2023 (Including Income and Expenditure Account) Charlty onty Unrestrlrted funds Total Total group funds 9 2023 month period ended 30September 2022 Income from: Donations and legacie5 Donations Charita4le activlties Prlntlng, publishln& di8ltal and creative Other income Gain on disposal of fixed assets Totsl Incorne 41.430 41AJO 6,296 911,901 27,819 41A30 41.430 946,016 Expendliure on: Raising funds Marketing Charitable activities Prlntln& publlshln& dl8ltal and creative Transferred to FSJ to fund payment of CPO liabilities 17,170 966,431 13,733 13.733 Total expendlture 13,733 13,733 983,601 Net movement In funds 27.697 27,697 137,5851 Reconclllatlon of funds Total funds brought forward 122,716) 4,981 122,7161 4,981 56,737 Total funds carried foThvard 19,152 At 30 September 2022, CPO charity only reser¥es were £122.7161 of the £19.152 carded frjrward for the group. The net reserves of the subsidiary were £41,868.
CHRISTIAN PUBUSHING & OUTREACH UMtTED {A Company limlted by guarantee) Charlty Balance Sheet As at 30 September 2023 2023 2022 Flxed assets Investments Current aets Stocks 22,153 Debtors 58,260 Cash at bank and In hand 61,606 142,019 Credltors: Amounts fall1 du¢ wlthln one year 1136,5691 Net current assets 6,450 Credltors: Arnounts falllng due after more than one ar . 10 129,1671 Net assetsllllabllltles) 4,981 122,7161 Funds of the charlty: Restricted funds Unrestrlcted funds 4,981 122,7161 122,716) Totsl funds 4,981 The Trustees consider that the company is entitles to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 21x161.the Act") and members have not required the company to obtain an audit for the year in question in accordance with settion 476 of the Act. The Trustees acknowled8e their responsibilities for compIng with the reqUIrents of the Act wlth respect to accounting CordS and the preparation of financial statements. The financial statements were prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Mr M Elms Chair Date: 2P, 2rtffv The notes on pages 9 to 15 forn) part of these financihl ststements
CHRlSnAN PUBUSHING & OUTREACH UMTTED Notes to the financial statements For the period ended 30 September 2023 General IntomtIon The company is limited by guarantee. The membersof the company are the Trustees names on page l. In the event of the company being wound up. the liability in respect of the guarantee is limited to £10 per member ofthe company. Accountlng polltles 2.1 Basis of preparation of financial sLitements The financial statements have been prepared in accordance with the Charitles SORP IFRS 1021 Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charihes Art 2011. Chrlstlan Publishlng & Outreach Llmited meets the definition of a public benefit entity under FRS 102. Asset5 and liabilities are initially recognised at historical c051 or tronsactlon value unless otheThvise stated in the relevant accountin8 policv. The slgnificant accounting policies applled in the preparatSon of these financial statements are set out below. These policies have been consistently applied to all financial periods presented unless otherwise stated. 2.2 Golng concem As descrlbed in the Trustees report, in early 2020 the Trustee Board recognised that the structure of the organisation was depleting resources. Action was taken to addre55 Ihis and effett a transition to new and more sustainable business model which was implemented in July/August 2020. That buslness model achieved a breakeven trading Situation through to Summer 2021 after which the posltion agaln deteriorated. The actions taken in Spring & Summer 2022, described in the Trustees, Report, have now removed all operational activity in order to focus on charity fundraisin8 in order to fund Christian CreaVe campaigns and communications. Accordingly, the Trustees remain confident that the charitsble company continues to be a 80ing concern for a period of at least twelve monthsfrom the date of approval of these accounts and beyond. 2.3 Income All income 15 recognised once the Charity has entitlement to the income. it is probable that the income wlll be receNed and the amount of Income receivable can be measured reliablv.
CHRisfiAN PUBLISHING & OUTREACH UMrrED Notes to the flnanclal ststsments For the peiiod ended 30 September 2023 2. Accountln8 polldes (contlnued) 2.4 Expendlture Expenditure is recognised once there 15 a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be reqUId in settlement and the amount of the obligation can be measured reliab. Expenditure 15 classified by activity. The costs of each activity are made up of the totsl of direct costs and shared costs, including support cost5 involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that acdvlty. Shared costs which contribute to more than one activity and 5UPPOrt costs which are not attributable to a single athvity 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 char8es allocated on the porknon of the asseys use. For the comparatlve perlod. expenditure on raising funds includes all expenditure Incurred by the Group to raise funds for Its charitable purposes and includes costs of all fundraising activities events and non-charitsble trading. Expenditure on charitable activities is incurred on directly undertakin8 the activities which further the Group's objethves, as well as any associated support C05t5. All expenditure is incluslve of Irrecovernble VAT. 2.5 Interest r¢olvabl¢ Interest on funds held on deposit is Included when receivable and the amount can be measured rellablv by the charity,. this is normally upon notiflcation of the interest paid or payable by the instltutfon with whom the fund5 are deposited. 2.6 lTrvestments Fixed asset investments are a form of financial instrument and are initsally e0gnIsed at thelr transactlon cost and subsequently measured at fair Wdlue at the 8alance sheet date, unless the value cannot be meaSUd reliably in which case it is meawred at C05t less impairment. Investment gains and losses, whether realised or unrealised, are combined and psented as 'GainsllLossesl on investments, in the statement of financial activitie5. Investments in subsidiaries a valued at cost less provision for impairment. 2.7 Stf Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost include5 all dirert costs and an appropriate proportion of fixed and variable overheads. 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in nd Cash at bank and in hand includes cash and short-temi highly Ilquld investments with a short maturity of three months or le55 from the date of acquisition or opening of the deposit or similar account. io
CHRISTIAN PUBUSHING & OUTREACH UMITED Notes to the flnanclal sL*ernents For the period ended 30 September 2023 2. Accountlng pollcles (contlnued) 2.10 Uabllltles and provlslons 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 estlmated reliabty. 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 estlmate of the amounts requi to settle the obligation. Where the effect of the tlme value of money Is material. the provlslon is based on the present value of those amounts, discounted at the prfrtax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised In the Consolidated statement of Ilnan¢ial acifvitres a5 a flnance cost. 2.11 Flnanclal Instrnments The charlty only has financial a55et5 and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inttially recognised at transaction value and subseqsjently measured at their settlement value with the exceptbon of bank loans which are subsequently measured at amortised cost using the effethve interest method. 2.12 Operatln8 leases Rentals paid under operating leases are char8ed to the Consolidated statement of financial actlvities on a straight-line basls over the lease temi. 2.13 Pensions The Group operates a defined contributSon pension scheme and the pension charge represents the amounts payable by the Group to the fuThJ in respect of the period. 2.14 Fund acc(wntln8 General funds are unrestricted fund5 which are available for use at the d15cretion of the Trustees in furtherance of the general objectives of the charity and which have not been desi8nated for other purposes. There was no restricted income. expenditure or restricted funds in the current or prior period. 2.15 Loans and l)orrowln8S Loans and borrowings are inibally cOgnised at the transattion price including transortion costs. Subsequently. they are measured at amorhsed cost using the effective interest rate method, less Impairment. If an arran8ement constitutes a finance transaction tt is measured at present value. 2.16 Employee benefits When employees have rendered service to the charity. short-temi employee benefits to which the employees are entitled ère recogni5ed at the undiscounted amount expected to be paid in exchange for that servlce. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. li
CHRISTIAN PUBLISHING & OUTrEACH UMITED Notes to the financial statements For the perlod ended 30 September 2023 2. Ac¢ountlng pollcles (contlnued) 2.10 Rèdundancy and temilnatlon payments It is the charitable o)mpany's policy to recognise termination benefits when they become committed, by legislation, by contractual or other agreements with employee5 or their representatives or by a constructive obligation based on business practice. custom or a desire to act equitably, to make payments lor provide other benefits) to employees when it terniinates their employment. Termination payments do not provide the company with future economlc benefits thef0 it is their pollcy to reco8nise them as an expense in profit or loss immediately. 3. Analysls of expendlture by actl Artlvltles ndertake n dlrectty 2023 Support Costs Totsl 2023 Totsl 2022 Printin& publishing, digital and creatNe 966,431 Total 2022 739.163 227.268 966,431 Analysls of dlrert costs Total 2023 Totsl 2022 Staff costs Publishing of evan8ellstlc Ilterature Charitable donations 268,991 469,752 420 739,163 An•lysis of support Costs Total 2023 Total 2022 Staff costs 55,102 65,361 76,311 2.331 12,518 9,853 50 Depreciation Office costs Repairs, renewals and equipment hire Finante ¢osts Legal and professional Marketing Governance c05ts- independent examiner 5,742 227,268 12
CHRISTIAN PUBLISHING & OUTREACH UMITED Notes to the flnancial 5tstements For the period ended 30 September 2023 Staff costs T¢)tal 2023 Group Total 2022 Wages and salaries &xial security costs Contrlbution to defined contrlbvtion penslon schemes 293,794 11,384 18,915 324,093 Total redundancy and termlnatlon payments Induded In wages and salarles amount to £nll12022'. £45,367). The avera8e number of persons employed by the Charlty during the period was as follows.. Totsl 2023 Group Total 2022 Total 16 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,IJlO was nll12022: nill. Total remuneration paid in respect of key management personnel Ilncludlng salary, employer's Nl and employer's penslon contrlbuttonsl In the perk>d was £nll12022.. £fy).0871 Trustees, remyneratlon and expenses Durin8 the period, no Trustees received any remuneration or other beneflts12022= £nill. During the year ended 30 September 2023, no Tnjstee expenses have been Incurred12022: £nlll. 13
CHRlSfiAN PUBUSHING & OimiEACH UMITED Notes to the financial statements For the period ended 30 September 2023 Flxed asset Investments Imiestments In subsldlary ornpanles At l October 2022 & 30 September 2023 Net l)ook value At 30 September 2023 At 30 September 2023 Prfnclpal subsldlarfes aass of shares Holdlng The lollowln8 was a subsldlary undertakln8 of the Charity: Name Funeral Servlce Journal Ltd Icompany number 052985141 Artivity.. Des18n. printing, publishin8 and distribution of the Funeral Services Journal Ordinary loo% Stocks Total 2023 Total 2022 Finished goods and g¢)ods for resale 22,153 D¢btors due wlthln one year Tot•1 2023 Total 2022 Trade debtors 1,556 Other debtors 5,824 Prepayments and accrued income 50,880 58.260 14
CHRISTIAN PUBLISHING & OUTREACH UMITED Notes to the financial statements For the perlod ended 30 September 2023 Creditors: Amotsnts falling due within one year Totsl 2023 Total 2022 Bank loans io,oc Trade creditors 88,263 Amounts owed to group undertakin85 Other taxation and social securlty Other creditor5 29,392 1,723 1,591 Accruals and deferred income 58,260 10. Credltors: Arnounts falllng due after more than one year Totsl 2025 Total 2022 Bank loans 29,167 29,167 The bank loans are unsecured. The loan is repayable monthly over 5 years and interest accrues at 2.5% 11. Members. Ilablllty Each Member of the charitable company undertakes to contribute to the assets of the company in the event of it bein8 wound up while he/she is a member. or within one year after helshe Ceases to be member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before helshe ceases to be a member. 12. Related party tran5aCtlons The Charity has not entered into any related party transaction during the current or prior period, nor are there any outstandin8 balances owing between related parknes and the Charity at 30 September 202312022: £nill. 15