COMPANY REGISTRATION NUMBER: 01827162 CHARITY REGISTRATION NUMBER: 290406
WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
CONTENTS
| Page | |
|---|---|
| Charity Reference and Administrative Details | 1 |
| Trustees’ Statement | 2 |
| Trustees’ Annual Report | 3 - 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flows | 9 |
| Analysis of Net Debt | 10 |
| Notes to the Financial Statements | 11 - 16 |
WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
CHARITY REFERENCE AND ADMINISTRATIVE DETAILS
Charity registration number
Company registration number
290406 1827162
Trustees
Chief executive officer
Registered office
Independent examiner
Bankers
R Bell (resigned 20 February 2025) P A Daley A Coe A Bradshaw (appointed 17 February 2025) M Durham 6 Bourne Court Southend Road Woodford Green Essex IG8 8HD Clay Ratnage Strevens & Hills Construction House Runwell Road Wickford Essex SS11 7HQ National Westminster Bank Plc Waterside Court Western Avenue Chatham Maritime Kent ME4 4RT
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
TRUSTEES’ STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
The Training Trust is yet to see any growth in the construction sector from the Government’s plans to build 1.5 million new homes in the UK, announced July 2024. The London Growth Plan has also stalled and may not reach targets set.
This has affected our apprenticeship recruitment within the Carpentry and Brickwork apprenticeships and has also slowed down electrical recruitment. The increasing of Employer National Insurance Contributions, along with the National Minimum Wage has added financial pressure to employers and they tell us they are not confident around employing new staff, thus affecting apprenticeship starters.
However, staff are working hard to encourage apprenticeship growth and negotiations with several new employers to introduce apprenticeships have been successful. It is expected that construction will pick up before the end of 2025 and bring with it opportunities for our growth. Our subcontractors and delivery team are flexible enough to cope with adding new learners to established classes, so will assist with increasing learner numbers and improving company income as soon as possible.
Commercial courses supporting local nurseries with their Childcare workers have been successful in improving finances and contributing to the sector’s workforce shortfall. Electrical commercial courses have not yet got off the ground, but the Testing and Inspection course is in demand, and our first commercially funded course will take place in November 2025. Investment with the electrical programme continues, where further commercial courses are being investigated and planned to further support financial improvement. New staff have been employed to support expected growth in this industry, and the Training Trust has been awarded centre approval by City & Guilds, issuing it with direct claims status, thus not adding to any delay when claiming learner achievements.
The introduction of the Apprenticeship Standards for new apprentice starts from August 2025 and a complete change in apprenticeship training has negatively impacted on achievement rate data across the nation. The Training Trust has also suffered with this and is pleased to announce that its performance has increased year on year. Published data for 2023/24 contract shows, overall performance was at 61.2% which is 0.7% higher than the national figure. The Training Trust’s official DfE figures to date for 2024/25 contract stand at 76.3% which is over 12% higher than an expected national rate of 64% (2024/25 figures will be finalised by February 2026).
The externally assessed MATRIX standard was once again achieved early in 2025. The report highlighted the fantastic support learners, employers and staff have received from Training Trust, cementing the long-term relationships and supporting the fostering of new business.
P A Daley
Company Trustee 3 March 2026
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 AUGUST 2025
The Trustees present their report and the financial statements of the charity for the year ended 31 August 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts 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 published on 16 July 2014.
Trustees of the charity
The directors of the charitable company are its Trustees for the purposes of charity law. The Trustees who have served during the year and since the year end were as follows:
R Bell (resigned 20 February 2025) P A Daley A Coe A Bradshaw (appointed 17 February 2025)
Objectives and activities
The main activity of the charity was to act as Youth Training Scheme managing agents and there was no change in this activity during the year.
Public benefit statement
The Trustees are aware of the need to pay due regard to the Charities Commission guidance on public benefit. As already stated, the principal activity of the charity is to act as managing agents in relation to schemes for the training of young people. The charity, consequently, provides public benefit by supporting government initiatives in providing education and employment opportunities for the young and other eligible unemployed under the apprenticeship programme. The learners live in local boroughs; some in areas of deprivation; and by supporting them throughout their learning, they are able to achieve social inclusion and thus support the promotion of social mobility, contributing to their financial sustainability.
As part of the charity's pastoral role, it provides information, advice and guidance to support the moral and social wellbeing of young people. The charity also works with local agencies to raise awareness in relation to sexual health, drug misuse and other aspects covering personal safety.
Programmes are put in place and managed to provide nationally recognised qualifications, which enables young people to develop careers in their chosen vocational areas. The charity also works with a network of employers who benefit from the training and support that the charity gives to their employees.
Achievements and performance
The Trustees are pleased to report that the charity has grown its provision to support the construction industry through apprenticeship training, satisfying employer demand and supporting Government growth initiatives.
The overall learner performance is very promising and is expected to be much higher than the national benchmark due to improved monitoring processes and reporting procedures.
Financial review
A summary of the results for the year is given on page 7.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 AUGUST 2025
Cost cutting and administrative reorganisation are still key in supporting financial security and the charity will continue to monitor all business aspects closely and adapt as required.
The recently elected Government’s portfolio promises to improve the economic climate along with a new ‘Skills England’ agenda. We await further details and hope these initiatives will boost the UK economy and in turn improve unemployment figures through apprenticeship training.
This investment also includes improved resources for in-house training and to assist in recruiting high quality staff. The new infrastructure will allow the charity to grow in the coming years as the management team look at new sectors of training.
Whilst considerable difficulties within the apprenticeship sector do still exist, the Trustees are hopeful the positive relationships with the employers will support the continued growth of the Training Trust in order that they may return to operating at a surplus and maintain the existence of the charity going forward.
The Trustees consider the charity's state of affairs to be satisfactory.
Reserves Policy
Reserves have decreased in line with the trusts’ policy of using a proportion of its reserves in relocating the office, the total unrestricted funds of the charity are thus confirmed by the balance sheet at an amount of £424,654, though this balance is restricted by the existence of tangible fixed assets and the reserves policy of the charity.
The Trustees are concerned that the income funding of the charity is only guaranteed for two months, whilst the commitment of the charity to unemployed young people may extend to a period of between two and four years. They are, consequently, of the view that they need to maintain reserves at a level, in order that they might protect the existence of the charity and endeavour to achieve their long term goals. In the event that the charity experiences difficult times once again, the reserve target provides the charity with enough headroom to reorganise its operations by one or more of the following: to seek alternative funding; to operate whilst its learners are placed with other organisations; to seek one or more partners to form either a consortium or a new larger charity; or to seek an alternative charitable activity which continues to help satisfy the needs of the local community.
Plans for future periods
The Trustees plan for the charity to continue to carry out its activities as outlined above.
The Trustees are not aware of any likely future developments which would have a significant effect on the charity.
Structure, governance and management
The Trustees review the major risks faced by the charity at meetings and during discussions that take place during the course of each year. Systems are in place to monitor such risks and the Trustees, in tandem with the Chief Executive, review all such matters on a regular basis.
In the opinion of the Trustees, the charity is not a close company within the meaning of S.439 CTA 2010.
Research and development
The charity is not involved in any major research and developments projects.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 AUGUST 2025
Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Accounting Standards and applicable law including Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland. 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 company and the surplus or deficit of the company for that period.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the Council and signed on its behalf by:
P A Daley
Trustee
6 March 2026
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED FOR THE YEAR ENDED 31 AUGUST 2025
I report on the accounts of the company for the year ended 31 August 2025 which are set out on pages 7 to 16.
Respective responsibilities of trustees and examiner
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Clay Ratnage Strevens & Hills
Steven James Garrod FCA for and on behalf of Clay Ratnage Strevens & Hills Construction House Runwell Road Wickford Essex SS11 7HQ
6 March 2026
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025
| Note Income from: Charitable activities Investments 3 Total income Expenditure on: Charitable activities 4 Governance costs 5 Total expenditure Net loss for the year Reconciliation of funds: Total funds brought forward Total funds carried forward |
2025 Total £ 810,448 5,391 _ 815,839 894,219 17,952 _ 912,171 _ (96,332) 520,986 _ 424,654 |
2024 Total £ 757,845 3,604 _ 761,449 813,694 18,152 _ 831,846 _ (70,397) 591,383 _ 520,986 |
|---|---|---|
All income and expenditure is derived from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
The notes on pages 11 to 16 form part of these financial statements.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
CO NO. 01827162
BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 2024 Note £ £ £ Fixed assets Tangible fixed assets 9 17,835 Current assets Debtors 10 85,378 59,435 Cash at bank and in hand 11 351,168 498,012 _ _ 436,546 557,447 Creditors: amounts falling due within one year 12 29,727 52,151 _ _ Net current assets 406,819 _ Net assets 424,654 _ Charity Funds Unrestricted funds 424,654 |
£ 15,690 505,296 _ 520,986 |
|---|---|
| _ 520,986 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
No members have required an audit of the accounts for the year in question in accordance with section 476 of the Companies Act 2006.
These accounts have been prepared in accordance with provisions applicable to the companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees.
Signed on behalf of the Board of Trustees
P A Daley
Trustee
6 March 2026
The notes on pages 11 to 16 form part of these financial statements.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
BALANCE SHEET CO NO. 01827162 FOR THE YEAR ENDED 31 AUGUST 2025
| Cash flows from Operating activities Loss for the financial year Adjustments for: Depreciation of tangible assets Interest received (Increase)/decrease in debtors (decrease)/Increase in creditors Net cash generated from Operating activities Cash flows from Investment activities Purchase of tangible fixed assets Interest received Net cash from Investment activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at the end of year Cash and cash equivalents at the end of year comprise: Cash at bank and in hand |
2025 £ (96,332) 3,764 (5,391) (25,943) (22,424) _ (146,326) _ (5,909) 5,391 _ (518) _ (146,844) 498,012 _ 351,168 _ 351,168 |
2024 £ (70,397) 3,624 (3,604) 1,158 11,232 _ (57,987) _ (60) 3,604 _ 3,544 _ (54,443) 552,455 _ 498,012 _ 498,012 |
|---|---|---|
The notes on pages 11 to 16 form part of these financial statements.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
ANALYSIS OF NET DEBT FOR THE YEAR ENDED 31 AUGUST 2025
| At | 1 September | At 31 August | ||
|---|---|---|---|---|
| 2024 | Cash Flows | 2025 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 498,012 | (146,844) | 351,168 | |
| _ | _ | _ |
The notes on pages 11 to 16 form part of these financial statements.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1 Summary of significant accounting policies
(a) General information and basis of preparation
Waltham Forest Chamber of Commerce Training Trust is a charitable company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are detailed within the Trustees’ Annual Report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015.
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 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) issued 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 are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds 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.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Investment income is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and rent income is recognised as the charity’s right to receive payment is established.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1 Summary of significant accounting policies (continued)
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs.
The analysis of these costs is included in note 5.
(f) Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Office equipment 25% reducing balance Leasehold improvements 10% straight line
(g) Investments
Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.
(h) Leases
Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.
(i) Employee benefits
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
(j) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and it therefore meets the definition of a charitable company for UK Corporation Tax purposes.
(k) Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2 Income from charitable activities
Grants receivable
| 2025 £ 789,587 |
2024 £ 724,429 |
|---|---|
The grants receivable consists primarily of government funding provided through Education and Skills Funding Agency/Department for Education, which is solely expended in relation to the charitable activities of the company.
3 Income from investments
| Bank deposit interest 4 Expenditure on charitable activities College course fees Examination, assessment and achievement costs Staff costs Establishment costs Insurance Printing, postage, stationery and advertising Professional fees 5 Governance costs Staff costs Establishment costs Accountant’s remuneration |
2025 £ 5,391 _ 2025 £ 325,194 18,164 373,634 145,920 4,017 3,446 23,844 _ 894,219 _ 2025 £ 8,792 4,000 5,160 _ 17,952 |
2024 £ 3,604 |
|---|---|---|
| _ 2024 £ 272,227 55,856 318,149 142,339 4,518 3,261 17,344 _ 813,694 |
||
| _ 2024 £ 8,992 4,000 5,160 _ 18,152 |
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6 Independent examiner’s remuneration
Independent examiner’s remuneration comprises of accountancy services of £5,160 ( 2024 - £5,160 ).
7 Trustees' and key management personnel remuneration and expenses
There was no Trustees’ remuneration, expenses or other benefits for the year ended 31 August 2025 nor the year ended 31 August 2024.
8 Staff costs and employee benefits
The average monthly number of employees and full time equivalent (FTE) during the year were as follows:
| Office and administration | 2025 2025 2024 2024 Number FTE Number FTE 13 13 12 12 |
|---|---|
The total staff costs and employee’s benefits was as follows:
| Wages and salaries Social security Defined contribution pension costs |
2025 £ 349,810 26,484 6,132 _ 382,426 |
2024 £ 299,132 21,878 6,132 _ 327,142 |
|---|---|---|
No employees received total employee benefits (excluding employer pension costs) of more than £60,000.
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
9 Tangible fixed assets
| Leasehold Improvements £ Cost: At 1 September 2024 16,044 Additions - _ At 31 August 2025 16,044 _ Depreciation: At 1 September 2024 6,416 Charge for the year 1,604 _ At 31 August 2025 8,020 _ Net book value: At 31 August 2025 8,024 _ At 31 August 2024 9,628 _ 10 Debtors Grants receivable Prepayments 11 Cash at bank and in hand Bank account deposits |
_ |
Office Equipment £ 74,374 5,909 _ 80,283 _ 68,312 2,160 _ 70,472 _ 9,811 _ 6,062 _ 2025 £ 66,728 18,650 _ 85,378 _ 2025 £ 351,168 |
Total £ 90,418 5,909 _ 96,327 _ 74,728 3,764 _ 78,492 _ 17,835 _ 15,690 _ 2024 £ 47,482 11,953 _ 59,435 _ 2024 £ 498,012 |
|---|---|---|---|
| __ | |||
| _ |
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WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12 Creditors: amounts falling due within one year
| Taxation and social security Grants payable Accruals Deferred income |
2025 £ 1,110 9,200 16,717 2,700 _ 29,727 |
2024 £ 7,397 8,700 33,354 2,700 _ 52,151 |
|---|---|---|
13 Operating leases
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Amounts due within one year Within 1-5 years |
2025 £ 60,000 120,000 _ 180,000 |
2024 £ 60,000 180,000 _ 240,000 |
|---|---|---|
14 Ultimate controlling party
There is no ultimate controlling party.
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