REGISTERED NUMBER: 01643480 (England and Wales) CHARITY REGISTRATION NUMBER 285160 **Annual Report and Financial Statements for the Year Ended 31st May 2024** **for** ## **EURASIA EDUCATION FOUNDATION** (A company limited by guarantee) ## **EURASIA EDUCATION FOUNDATION** **Contents of the Financial Statements For the Year Ended 31st May 2024** ||**Page**| |---|---| |**Reference and administrative details**|1| |**Trustees' report**|2| |**Independent Examiner's report to the trustees**|5| |**Statement of financial activities for the year ended 31st May 2024**|6| |**Balance sheet as at 31st May 2024**|7| |**Notes to the financial statements for the year ended 31st May 2024**|8| ## **EURASIA EDUCATION FOUNDATION** ## **Company Information For the Year Ended 31st May 2024** **TRUSTEES** Ronald George Nancy George June Gibson Robson Lopes Rosemary James **TREASURER** Ronald George Nancy George **CHAIRPERSON** Rosemary James **SECRETARY** Ronald George **PRINCIPAL OFFICE** Golzar Green Lane Crowborough East Sussex TN6 2DE The charity is incorporated in England and Wales **COMPANY REGISTRATION NUMBER** 01643480 **CHARITY REGISTRATION NUMBER** 285160 **BANKERS** Lloyds Bank Plc Blackheath London 25 Gresham Street London EC2V 7HN **INDEPENDENT EXAMINER** Abi Aiyegbayo ACMA, CGMA Bimtex Accounting Ltd The Hive 19 Stone Street Cranbrook Kent TN17 3HF The notes form part of these financial statements Page 1 ## **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report For the Year Ended 31st May 2024** The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31st May 2024. ## **OBJECTS AND ACTIVITIES** ## **Objects and aims** The purposes of the charity are to advance the Christian faith by empowering Central Eurasian nationals and to relieve poverty in that region of the world. Our aim is to support the work of Divitia University (DGU) in Moldova by raising funds, finding sponsors for and teaching several times in the year as well as introducing new teachers to the school's staff and students. We also make studies available to other similar institutions anywhere in Asia, Africa and elsewhere. Occasionally we help peoples from Eurasia who are under persecution financially because of their faith and work. We run seminars for local churches and study groups to help them understand the history, beliefs and practice of Islam and its many and various forms. We aim to help Muslims and Christians gain a better understanding of each other. The translation of books by Don McCurry is underway with a grant from him and others. ## **Public Benefit** The objectives and activities undertaken by the charity are set with the public benefit in mind. The trustees confirm that they have complied with the· requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Achievements and performance** This year the Charity has made renewed efforts to raise funds from UK through grant applications. We brought together Asia Link and DGU for mutual benefit and to take on the main task of funding the college from the UK side. This was done and all parties are more and more in cooperation with each other. AL has also started to help in the republics of central Asia as well. By putting DGU in touch with fund donors they now take responsibility for repeat applications and follow up of donations received. More contextualised booklets are now published and we have seven titles on hand and translations into other languages including Russian, Uzbeki and Tajik. Training materials have also been supplied to other lands without obligations incurred by EEF. This includes Asia and Africa. Don Mccurry has kindly given EEF the permission to translated all his books into Central Asian languages and he helped to raise more funds for that work. The notes form part of these financial statements Page 2 ## **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report For the Year Ended 31st May 2024** Support for known and unknown Afghan refugees has great increased our involvement in that land over the past year, as well as for refugees in Pakistan. This same friend has gained refugee status to Canada as well and still faces many difficulties but local churches have supported them and given much needed help. He continues to exercise a ministry to Christian in Afghanistan, and we have been fund raising on camp. their behalf. Over 300 Afghans came to the UK in the winter and EEF provided 400 blankets for them in camp. Again the summer school was held in Moldova and EEF supplied people for teaching purposes. Some 60 Pastors from Central Asia attended and much blessing was gained. Over this past year EEF has introduced Nathanael Longstaff to DGU and sent him out to contribute to the work there. At the last board meeting the trustees were required to resign since they had served for the stipulated period of time and were re-elected. Andrew Gibson managed the finances in that period but our growth required the computerisation of the account all by our auditors. The trustees also changed the role of treasurer to having a finance team. manage all aspects for the accounts. Mrs Jacqueline Nelson was asked to be pa rt of that The purpose of the charity is to raise funds primarily for Divitia Gratiae University (DGU) in Moldova. Therefore, grants were mainly sent to DGU as they took in over 300 Ukrainian refugees. The charity does not currently have any employees and therefore the financial commitments are low but the work is increasing. Therefore, the trustees feel we should start to set aside a reserve to cover the increased admin costs and aim at £20,000 in the year to follow. Due to EEF involving new partner's substantial gifts to DGU have been made outside of the EEF accounts. One visitor has undertaken to fund 8 students at the college. Also, approximately 300 grant applications have been made and some have been successful. Discussions with another mission is being undertaken to increase the impact in Central Asia. The increase of work supporting refugees has meant that we needed to get more admin help and to look for a person to manage the accounts and admin. A consultant has been employed to write grant applications and has reached a personal goal of raising £1,000,000 for EEF and other charities. The notes form part of these financial statements Page 3 ## **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report** ## **For the Year Ended 31st May 2024** ## **Financial review** As with previous years, grants have been sent to the DGU to support its work. The purpose of the charity is to raise funds primarily for Divitia Gratiae University (DGU) in Moldova. Support for the college were adopted by ASIA LINK so our efforts focussed on DGU graduates in Uzbekistan and Kirghizia. Extra funds were raised for helping the influx of Ukrainian refugees. Funds to Romania closed off this year. ## **Policy on reserves** The charity does not currently have any employees and therefore the financial commitments are low. Therefore, the trustees do not feel it necessary to maintain a reserve at present. ## **Principal funding sources** Approximately 335 grant applications have been made and some have been successful. ## **Structure, governance and management** ## **Nature of governing document** Eurasia Education Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association dated 15 June 1982. It is registered with the Charity Commission. ## **Recruitment and appointment of trustees** The CEO meets or searches out new trustees from the public, informs the Board of Trustees who then meet and interview the prospective member. ## **Induction and training of trustees** A programme of induction and training into the work of the charity takes place once discussions with the Trustees have been concluded. Trustees must agree with the philosophy of the charity In ministry terms as well as supporting the CEO. ## **Arrangements for setting key management personnel remuneration** The key management personnel of the charity are all Trustees. The Trustees receive no remuneration for their input to the charity. ## **Organisational structure** The Chief Executive Officer coordinates the work of the charity. He may delegate tasks to other Trustees or volunteers but remains responsible for them. The appointment to any role, whether as an employee or a volunteer, is approved by the Trustees. The notes form part of these financial statements Page 4 **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report** ## **For the Year Ended 31st May 2024** ## **Financial instruments** ## **Objectives and policies** The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. ## **Cash flow risk** The Charity's activities do not expose it to the financial risks as commitment to expenditure is only made when funds are available. ## **Credit risk** The Charity's principal financial assets are bank balances. The Charity does not have a credit risk as it has no trade receivables. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. ## **Liquidity risk** In order to maintain liquidity, funds are only committed when available. ## **Small companies provision statement** This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Statement of trustees' responsibilities ## **Statement of trustees' responsibilities** The trustees (who are also the directors of Eurasia Education Foundation for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its incomeand expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained.in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention a detection of fraud and other irregularities. The annual report was approved by the trustees of the charity on …........................... and signed on its behalf: …........................................................Ron George, Trustee The notes form part of these financial statements Page 5 TK)N ATION TThstee's Rt rt the Yw Ellded 31st Ms 2 the year ended 31 May 2024. Responstbliknts b8sii ofreport s Ihe clwrity's tri￿ of th¢ Cow (tho arr also the diTu#ors ofthe comp for the purposes of compwry law), you 2re [tsponsi￿le forth¢ prepaAtion ofthe aco)unts in aCCordat￿¢ with the tEquiren￿1ts of the CompDiCS A¢t 2006 (Tr 2(K)6 Alf. Having satisfid myselfthat the a￿O￿ts of the C(Knpany are ￿t wuired to be audited for ihis year u￿1¢r Port 16 of the 2(KJ6 A¢t Al￿ are ell￿ble f￿ indepu examinatio￿ K rep)rt in rtsp¢ct of my exBrnination ofyour clwitys a¢LouDts Lgrried out under s￿tiOn 145 of Chariti&s Act 2011 2011 Aci.). ID wrying out my ¢xan]]natiO￿ I rewt ID ftspe¢t of my examI￿On ofyour c￿l￿S accowits as catried otrtund¢r section 145 ofthe Charslies Ad 2011 2011 Ad"). In (*rrying outmy examination. I have followrd the Directi￿ givw by the Chwity Conuriwion (under sxtion 14S(SMbl of the 2011 ACL IDdependent ¢x•JEineW$ stAteme•t I have ¢ompl¢ted my ¢xamiDatiotL I COTrfffm tht w m&t**Income and Endowments from:**
Donations and legacies
3
**TOTAL INCOME**
**EXPENDITURE ON:**
Raising funds
4
Charitable activities
5
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
NET MOVEMENT IN FUNDS
**RECONCILIATION OF FUNDS**
TOTAL FUNDS BROUGHT FORWARD
TRANSFER BETWEEN FUNDS
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted Restricted**
**Total**
**Total**
**funds**
**funds**
**2024**
**2023**
40,464
37,001
77,465
101,686| |---|---| ||40,464
37,001
77,465
101,686| ||42,663
21,752
64,415
4,887
0
98,743| ||42,663
21,752
64,415
103,630| ||| ||-2,199
15,249
13,050
-1,944| ||6,108
317
6,425
8,369
0
0| ||3,909
15,566
19,475
6,425| The notes form part of these financial statements Page 7 **EURASIA EDUCATION FOUNDATION** ## **Balance Sheet** ## **As at 31st May 2024** |Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash in Hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
**NET ASSETS**
**CAPITAL AND RESERVES**
Restricted funds
Unrestricted funds
**SHAREHOLDERS'S FUNDS**
14|31.05.24
_£_
0
0
21,626
21,626
2,151
19,475
19,475
0
19,475
15,566
3,909
19,475|31.05.23
_£_
0
0
7,801| |---|---|---| |||7,801
1,376| |||6,425| |||6,425
0| |||6,425| |||317
6,108| |||6,425| The notes form part of these financial statements Page 8 LIL.ISI..I EDUC ON FOL'.YDATIO 1onc¢ Sh¢¢r As&t.IlsiNla 2024 For tliL' )-tAr Lnd￿￿-, 477 ofihc CompnnI￿ Aci )ODb. The IMenib¢ts hav¢ required Ihè ¢hJrity to DbTain An audii ofii% l¥¢tsutll¥ for tho >trir the Ail i%lth re%peet iTr aCL'ouniFn¥ reci)rd%'.Ind ihe prcpaniion ofa¢i,, HifL' Ron Cic Th¢ nolLs fonii pan ofihLse financial 4lJiiin¢'nlS Pa&¥e 9 **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2024** ## 1 **CHARITY STATUS** The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of the registered office is - Golzar, Green Lane, Crowborough, TN6 2DE ## 2 **ACCOUNTING POLICIES** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Pratice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015) - (Charities SORP (FRS)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Charities Act 2011. ## **Basis of preparation** Eurasia Education Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## **Income and endowments** 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 the income receivable can be measured reliably. The notes form part of these financial statements Page 10 **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2024** ## **2 Accounting policies (continued)** ## **Donations and legacies** Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions willbe fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. ## **Raising funds** These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## **Charitable activities** Charitable expenditure comprises 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. ## **Grant expenditure** Grants to individuals and institutions are made to fulfil the objectives of the charity. Grants are committed when funds are available. ## **Grant provisions** Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. ## **Governance costs** These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including independent examination, strategic management and Trustee's meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class** Office equipment Depreciation method and rate 33% straight line The notes form part of these financial statements Page 11 **EURASIA EDUCATION FOUNDATION** **For the Year Ended 31st May 2024** ## **Notes to the Accounts** ## **2 Accounting policies (continued)** ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed In the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised costusing the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and are subject to an insignificant risk of change in value. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an untonditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Fund structure** Unrestricted Income funds are general funds that are available for use at the trustees; discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **Financial instruments** ## Classification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity Instrument ls any contract that evidences a residual Interest in the assets of the charity after deducting all of its liabilities. ## **Recognition and measurement** All financial assets and liabilities are initially measured at transaction price (including those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which transaction costs), except for is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset In the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. The notes form part of these financial statements Page 12 **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2024** ## **3 INCOME FROM DONATIONS AND LEGACIES** |**Note**
**Donations and legacies**
Donations from individuals
Gift aid reclaimed|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
40167
37001
77168
98240
297
297
3446| |---|---| ||40464
37001
77465
101686| ## **4 EXPENDITURE ON RAISING FUNDS** |**Note**
Marketing and publicity
Other direct costs of generating
voluntary income|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
1694
1694
4193
0
828| |---|---| ||0
1694
1694
5021| ## **5 EXPENDITURE ON CHARITABLE ACTIVITIES** |**Note**
Empowering Central Asian Nationals
Travel
Grant funding of activities
Allocated support costs
**6**
Governance costs
**7**|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
844
844
7361
42663
4509
47172
84509
7897
7897
5973
41
41
900| |---|---| ||42663
13291
55954
98743| ## **6 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS** |**Note**
Basis of allocation
Office expenses
Translation costs
Finance costs|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
6693
6693
3509
0
1917
74
74
400| |---|---| ||0
6767
6767
5826| The notes form part of these financial statements Page 13 ## **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2024** ## **7 NET INCOMING/OUTGOING RESOURCES** Net (outgoing)/incoming resources for the year include: |Independent examination|**2024**
275|**2023**
900| |---|---|---| ## **8 TRUSTEES REMUNERATION** During the year the charity made the following transactions with trustees: Mr Ronald George received remuneration of £Nil (2024: £Nil) and £1,526 (2023: £3,305) of expenses were reimbursed to Mr Ronald George during the year. Ron George travels abroad on behalf of the charity. He is advanced money to pay for travel costs and to pay grants to individuals and institutions whilst abroad. He also occasionally incurs support costs which are reimbursed to him. At the balance sheet date the amount due to Mr Ronald George was £nil (2023: £536). No trustees have received any other benefits from the charity during the year. ## **9 TAXATION** The charity is a registered charity and is therefore exempt from taxation ## **10 TANGIBLE FIXED ASSETS** |**COST**
At 1st June 2023
Additions
At 31st May 2024
**DEPRECIATION**
At 1st June 2023
Charge for the year
At 31st May 2024
**NET BOOK VALUE**
**At 31st May 2024**
**NET BOOK VALUE**
**At 31st May 2023**|**Furniture &**
**Equipment**
437
437
437
0
437
0
0|**Total**
437| |---|---|---| |||437| |||437| |||437| |||| |||0| |||| |||0| The notes form part of these financial statements Page 14 **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2024** |**11**|**DEBTORS**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| ||Other Debtors|0|0| |**12**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**2024**|**2023**| |||**£**|**£**| ||Trade creditors|275|536| ||Accruals|1876|840| |||2151|1376| ## **13 FUNDS** |Unrestricted - General
Restricted fund
**Total funds**|**Balance**
**Incoming**
**Resources**
**Transfers**
**Balance**
**1st June 2023**
**resources**
**expended**
**31st May 2024**
6108
40464
42663
0
3909
317
37001
21752
0
15566| |---|---| ||6425
77465
64415
0
19475| ## **14 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible fixed assets
Current assets
Current liabilites
Total net assets
**15**
**ANALYSIS OF NET FUNDS**
Cash at bank and in hand
**16**
**RELATED PARTY TRANSACTIONS**|**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
0
21,626
2,151| |---|---| ||0
0
19475| ||**1st June**
**Cashflow**
**31st May**
**2023**
**2024**
7801
13826
21627| ||| There were no related party transactions in the year other than those mentioned in note 8. The notes form part of these financial statements Page 15