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2023-02-28-accounts

Charity registration number 290574

Company registration number 01803307 (England and Wales)

CANCERWISE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

CANCERWISE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms A K Fox
Ms E S Lochhead
Mr R M Meredith
Mr K Mitchelson (Appointed 13 September
2022)
Charity number 290574
Company number 01803307
Registered office 9-10 Dukes Court
Bognor Road
Chichester
West Sussex
England
PO19 8FX
Independent examiner Oliver Read FCCA ACA
James Todd & Co Limited
1 & 2 The Barn Oldwick
West Stoke Road
Lavant
Chichester
West Sussex
PO18 9AA

CANCERWISE

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 14

CANCERWISE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

The Trustees present their annual report and financial statements for the year ended 28 February 2023.

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 Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Charity's objectives are to:

It has defined its prime area of operation as the Chichester, Arun and Adur districts of West Sussex and the Havant and East Hampshire districts of Hampshire.

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

To meet the Charity's objectives and to keep in mind the Charity Commission's guidance on public benefit, Cancerwise carried out the following activities:

Operated a cancer support centre in Chichester where cancer patients and their families were able to call for emotional and wellbeing support. Alternatively, they may have only been looking for a counsellor with whom they could discuss their problems and concerns. These services were available over the telephone or on the web for those not able to visit the centre.

The centre offered individual and group therapies through a team of professional counsellors and therapists who are experienced in helping those with cancer. This team was able to offer Counselling, Aromatherapy massage, Indian head massage, Craniosacral therapy, Reiki, Reflexology, Acupuncture therapies and Qigong.

Achievements and performance

The Charity relocated to new premises which provides greater space, ventilation, facilities and access for their clients.

During the current year, the Charities fundraising team were busy planning the various activities and have appointed a Trustee dedicated to fundraising activities.

Financial review

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

CANCERWISE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2023

The Board has considered the future funding needs of the Charity in light of the commitment to a 4 year lease at an annual rent of £16,000 plus additional costs for maintenance, service charges and rates. In the absence at present of any major sources of guaranteed funding, it has been decided that it should aim to have reserves, at any time, equivalent to six months' funding of the Charity's running costs.

The Charity commenced the year with surplus funds of £134,230 which had decreased to £129,345 by the end of the financial year, of which £70,000 was designated for rental fees for the remainder of the term of the lease at Dukes Court. The remaining year-end reserve balance of £59,345 was wholly unrestricted. The Charity received a legacy in 2021 for £112,244 which enabled us to relocate and provide a Covid safe environment for our clients in Dukes Court, Chichester. A portion of this legacy was used for fees for the move and refurbishing the new Centre. The remainder of this legacy has been designated for rent.

For the forthcoming year, it is anticipated that the principal sources of funding will continue to be from grants, fundraising events and donations. We would like to recognise the Centre’s Management Team’s considerable efforts in obtaining much needed revenue through successfully applying for grants and financial support.

The Board has considered the most appropriate policy for investing surplus funds and has decided that bank deposits on both a term and call basis are the most appropriate investment type for the Charity's needs.

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Documented procedures are in place and are regularly reviewed.

The Board of Directors has conducted a review of the major risks to which the charity is exposed and has prepared Finance, Health and Safety, Equal Opportunities, COVID-19, Confidentiality, Volunteers and Complaints Policies covering activities at the Centre and at off-site fund raising events. Appropriate systems of authorisation have been established to minimise risks associated with financial transactions and insurance cover has been taken out to deal with other risks. These arrangements are periodically reviewed to ensure that they meet the needs of the Charity.

Plans for future periods

Whilst the Centre continues to provide much help to its clients, the Board recognises that there are many people living with cancer that it is failing to reach. In order to overcome this, they have introduced a programme raising the Charity's profile with Primary Care Providers and organisations involved in cancer care such as Macmillan Cancer Relief. In addition the charity has launched a counselling service for children aged 4-17 whose lives have been affected by a family member or friend diagnosed with, and/or being treated for, cancer or coping with the loss of a loved one.

The Board has also appointed an Ambassador who will liaise with local businesses, hospitals and other health services to raise awareness and further increase outreach to cancer patients needing support.

Structure, governance and management

The charity is controlled by its governing document, the Memorandum of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 26 March 1984 and registered as a charity on 14 December 1986. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

CANCERWISE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2023

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms J A Bartholomew (Resigned 6 December 2022) Ms A K Fox Mr T Hill (Resigned 31 August 2022) Ms E S Lochhead Mr R M Meredith Mr K Mitchelson (Appointed 13 September 2022)

The Directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, all directors are required to be elected at each Annual General Meeting for a period of one year.

The work of the Charity is entirely devoted to those affected by cancer. As a result, the Board of Directors seek to ensure that representatives from this group are members of that body. In addition, every effort is made to include Directors with the relevant business skills to ensure meaningful governance and support of the Charity’s activities.

The Articles of Association provide for the appointment of 12 trustees; at present there are 4 and efforts are made to identify additional trustees with relevant skills as the need arises. The Board meets regularly throughout the year when all major decisions regarding the strategy and operations of the Charity are made. These meetings are attended by the Operations Manager, as appropriate.

The day to day operation of the Centre is carried out under the control of the Operations Manager. The Centre Manager organises counsellor and therapist diaries, new client appointments and the running of the centre. The centre is supported by unpaid volunteers who assist with administration and fundraising, for whom we are very grateful. Any issue which is outside the authority of the Operations Manager must be taken up with the Chairperson or an appropriate member of the Board.

All new directors are familiar with the activities of the charity and have visited the Support Centre in Chichester. They are invited to attend a regular Board meeting and are welcome to ask questions about any aspect of the Charity's work. They are invited to make a short presentation on the skills they would bring to the Board and how they would contribute to its deliberations and decision making. They are also provided with copies of the Charity's published literature, a copy of the Memorandum and Articles of Association, a copy of the latest published accounts and a copy of 'The Essential Trustee - what you need to know' and have signed the Code of Conduct policy.

The Charity maintains good relations with other bodies involved in dealing with those affected by cancer, including local NHS hospitals, Macmillan Cancer Relief and St Wilfrid's Hospice.

The Trustees' report was approved by the Board of Trustees.

Mr R M Meredith Trustee

10 October 2023

CANCERWISE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CANCERWISE

I report to the Trustees on my examination of the financial statements of CancerWise (the Charity) for the year ended 28 February 2023.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Oliver Read FCCA ACA

James Todd & Co Limited 1 & 2 The Barn Oldwick West Stoke Road

Lavant Chichester West Sussex PO18 9AA England

Dated: 11 October 2023

CANCERWISE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 28 FEBRUARY 2023

Unrestricted
funds
Restricted
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
116,220
7,500
Charitable activities
Counselling and
therapy
4
7,356
-
Investments
5
707
-
Total income
124,283
7,500
Expenditure on:
Raising funds
6
495
-
Charitable activities
expenses
7
136,173
-
Total charitable expenditure
136,173
-
Total expenditure
136,668
-
Net (expenditure)/income for
the year/
Net movement in funds
(12,385)
7,500
Fund balances at 1 March
2022
131,126
3,104
Fund balances at 28 February
2023
118,741
10,604
Total
Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
123,720
191,277
-
7,356
300
-
707
8
-
131,783
191,585
-
495
1,360
-
136,173
100,924
-
136,173
100,924
-
136,668
102,284
-
(4,885)
89,301
-
134,230
41,825
3,104
129,345
131,126
3,104
Total
2022
£
191,277
300
8
191,585
1,360
100,924
100,924
102,284
89,301
44,929
134,230

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CANCERWISE

BALANCE SHEET

AS AT 28 FEBRUARY 2023

Notes
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds
2023
£
-
6,057
125,776
131,833
(2,904)
£
416
128,929
129,345
10,604
118,741
129,345
2022
£
200
5,765
129,411
135,376
(1,213)
£
67
134,163
134,230
3,104
131,126
134,230

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 10 October 2023

Mr R M Meredith

Trustee

Company registration number 01803307

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Accounting policies

Charity information

CancerWise is a private company limited by guarantee incorporated in England and Wales. The registered office is 9-10 Dukes Court, Bognor Road, Chichester, West Sussex, PO19 8FX, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's memorandum and articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

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

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

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

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

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

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

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

1.4 Income

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

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

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

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 20% on cost Fixtures and fittings 20% on cost Computers 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

It is the Charity's policy to capitalise assets with initial costs in excess of £100.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

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

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Accounting policies

(Continued)

Basic financial assets

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

Basic financial liabilities

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

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

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

Derecognition of financial liabilities

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

1.11 Employee benefits

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

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

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

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

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

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

3 Donations and legacies

Unrestricted Restricted Total Unrestricted
funds funds funds
2023 2023 2023 2022
£ £ £ £
Donations and gifts 38,412 - 38,412 30,475
Legacies 15,000 - 15,000 112,244
Grants 62,808 7,500 70,308 48,558
116,220 7,500 123,720 191,277

The Legacies monies received have been set aside to cover five year's rental costs (the length of the lease).

4 Charitable activities

Counselling Counselling
and therapy and therapy
2023 2022
£ £
Sales within charitable activities 7,356 300
Investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Investment income 707 8

5 Investments

6 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Other fundraising costs 495 1,360
495 1,360

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2023

7 Charitable activities expenses

Staff costs
Subscriptions
Counselling and therapy
Vitamins
Rent, rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Repairs and maintenance
Staff training
Bank charges
Share of support costs (see note 8)
Share of governance costs (see note 8)
2023
2022
£
£
10,000
8,946
1,032
793
24,376
10,517
200
-
18,916
6,979
466
1,143
3,344
1,666
1,432
1,116
2,309
966
2,327
213
10,111
198
837
1,370
36
35
75,386
33,942
54,996
51,672
5,791
15,310
136,173
100,924

8 Support costs

Support costs
Governance
costs
£
£
Staff costs
54,825
-
Depreciation
171
-
Audit fees
-
900
Accountancy
-
2,630
Legal and professional
-
2,261
54,996
5,791
Analysed between
Charitable activities
54,996
5,791
2023 Support costs
Governance
costs
2022
£
£
£
£
54,825
51,544
-
51,544
171
128
-
128
900
-
900
900
2,630
-
2,587
2,587
2,261
-
11,823
11,823
60,787
51,672
15,310
66,982
60,787
51,672
15,310
66,982

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

9 Trustees

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

10 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
3 3
Employment costs 2023 2022
£ £
Wages and salaries 63,493 59,587
Other pension costs 1,332 903
64,825 60,490

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

11 Taxation

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

12 Tangible fixed assets

Leasehold
improvements
Fixtures and
fittings
Computers
£
£
£
Cost
At 1 March 2022
13,465
254
675
Additions
-
520
-
At 28 February 2023
13,465
774
675
Depreciation and impairment
At 1 March 2022
13,465
254
608
Depreciation charged in the year
-
104
67
At 28 February 2023
13,465
358
675
Carrying amount
At 28 February 2023
-
416
-
At 28 February 2022
-
-
67
Total
£
14,394
520
14,914
14,327
171
14,498
416
67

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2023

13
Stocks
Finished goods and goods for resale
14
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
2023
£
-
2023
£
5,606
451
6,057
2023
£
949
788
267
900
2,904
2022
£
200
2022
£
5,606
159
5,765
2022
£
70
-
243
900
1,213

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in Movement in
funds funds
Balance at Incoming Balance at Incoming Balance at
1 March 2021 resources 1 March 2022 resources28
February 2023
£ £ £ £ £
Furniture Fund 3,104 - 3,104 - 3,104
The Foyle Foundation Grant - - - 7,500 7,500
3,104 - 3,104 7,500 10,604

Furniture Fund

This is a fund setup by the Charity for the replacement of furniture.

The Foyle Foundation Grant

This is a grant received by the Charity for Core Costs - The Trustees and team are very grateful to the Foyle Foundation for this generous grant to benefit people living with cancer.

CANCERWISE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2023

16
Restricted funds
17
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Fund balances at 28
February 2023 are
represented by:
2023
2023
£
£
Tangible assets
416
-
Current assets/(liabilities)
118,325
10,604
118,741
10,604
(Continued)
Total Unrestricted
funds
Restricted
funds
Total
2023
2022
2022
2022
£
£
£
£
416
67
-
67
128,929
131,059
3,104
134,163
129,345
131,126
3,104
134,230

18 Operating lease commitments

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

2023 2022
£ £
Between two and five years 16,000 16,000

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).