Charfty roglstration number NIC 101072 (Northem Ireland) Company règlstratlon nUMr N1628614 STOREHOUSE NORTH DOWN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
STOREHOUSE NORTH DOWN LEGAL AND ADMINISTRATIVE INFORMATION Trusteos Margaret Gra Colville Ballle Pauline Rebecca Hare Hugh Patrick Mccart Brandan Mccrory Valerie Margaret Miskimmon MBE Gary Rodgers Jennlfer Waugh (Appolnted 2 Septèmber 20241 (Appointed 2 September 2024) Charlty numb•r NIC 101072 Company nUMr N1628614 Roglster8d offlce 12 Balloo Avenue Bangor County Down BT19 7QT Indepond•nt •xamlner HM Chartered Accountsnts 6th Floor East Tower Lanyon Plaz8 8 Lanyon Place Belfast Co. Antrlm BT13LP
STOREHOUSE NORTH DOWN CONTENTS Page Trustees. report Independ8nt examlnerfs r6POrt Statement of financlal acilvltles Balance sheet Notes to the financlal st8t8ments 8-14
STOREHOUSE NORTH DOWN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 The Trustees present their annual report and flnancial ststements for the year ended 31 January 2025. The Trustees, who are thè directors for the purposes of company law, present thelr annual report together with the financial statements of Storehouse North Down for the year to 31 January 2025. Sincè the Charity qualifies as small under section 382 of the Companies Act 2006. the strategic report requlred of medium and large companies under The Companies Act 2006 (Strategic Report and Diredorfs Report) Regulations 2013 is not rÉquir8d. Objectlvès and actlvltles Storehouse North Down (the Charlty) is a reglst8r8d charity and Is structured as company limited by guarantse regIsted on 12th January 2015. The Charitls govemlng document Is Its Memrandum and Artl¢les of Association. The prlnclpal objectives of the Charlty are contsined In the Memorandum and are as follows,. al to relieve slckness. financlal hardshlp and poverty 8nd to promote and preserve good health by the provision of funds, goods or services of any kind. including but not by way of limitation through the provlsion of emergency food packages In such part8 of N¢yth Down and Donaghadee, Northern Ireland or the world as the Trustees see bl lo benefit the residents of North Down and Donaghadee or such parts of Northern Ireland or the world without dlstinction of sex, sexual orientation, race or of pollllcal, r81iglous or other opinions by a5socl8ting together the said residents and local authorities, voluntsry and other organlsalions in a common effort to advance education and to provlde f8cilitles in the interests of social welfare for recreation leisure time occupation with the objective of Improving the conditions of life for the residents. In this reporting period the Trustees have focused on the rellef of food poverty by the provision of emergency food packages in such parts of North Down and Ihe surrounding area as the trustees from time to tlme see fit. It is the aim of the Charily that no one in North Down should go hungry. Context storehouse North Down commenced activity in November 2012. All reporting from that date to 11 January 2015 was done through Storehouse Belfast accounts.
STOREHOUSE NORTH DOWN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Mana ement The Chairperson and the Manager of the Charity rèport to the trustees, who meet on a regular basis. The Charity works by referrals from recognised agencies both statutory and volunlary, community workers, and ¢hur¢h personnel. Our manager continues to have strong links with other foodbanks in the area, local councS1, community officers, press and businesses in the area and reports back to the trustees on meetings with such bodies. We are repsented on the Ards and North Down Forum on poverty and on North Down Community Network Board. Su ort from the communl We are really appreciatlve of the support W8 have in the local community. Again over 50 ¢hurches contlnu8 to support us either wéekly or monthly . Many businesses support us Including Salnsbury's ,the Eurospars in our area . the local Covop. Tesco and Asda. Marks & Spencer continue to give us their surplus bread, fruit etc. These have been well received by our dients. We also have contacts with local farmers and are able to supply fresh vegetables when in season. These wilh meat from l¢xal butchers mean that our clients ar8 able to make nutrftious meals. The schools in North Down have harvest and Christmas collections and youth organisations also support us. Indeed before Christmas many businesses hold fund raising days. The 5UPPOrt is overwhelming and enables us to fulfil all the requests we have for hampers at Christmas time. We are also thankful for the financial support we receive as this enables us to to buy items we are short of . We have set up a hardship fund lo help support agencies whose clients are struggling wllh fuel poverty and purchase of essential items. The Hygiene Bank continues to support us and this is greatly appreciatod. Voluntee The charity is run by a board of Trustees and a very enthuslastic and dedicated group of volunteers under a Management team and supported by our Ch8irp8rson . Each new volunteer is given an induction p8ck and is kept up to date on all health and safety procedures. We continued to operate with the support of a small number of our volunteers. They have been fanlastlc. Wa owe a great debt of gratitude to our volunteers, who are mosuy senior citizéns, for their dedicalion. We continue to open days per week. Our volunteers sort and date our incoming donallons. The volunteers then make up the requested hampers. Ham The economic situatlon continues to giv8 rlse for concem. We have found that although there is contlnu8d rise in prIS of utilities, increase in the price of groceries and clothing. ther8 has been a decrease in the requests for hampers. There has been an increase in community initiatives and we have been supporting them with donations of groceries. There has also been increased monetary support from the government. With the increase in costs the monthly v81ue of the hampers glven out has risen to approximately £9000 plus fresh food. Although we have seen a decrease in donations of groceries we have seen an increase in financial donations. We thank Gc*J for his faithfulness in providing everything that we have needed. Indeed we have found that the more we gave out the more came in. This year the total number of hampers given out {not including Christmas) was 1,072 The total value of the hampers given out this year with meat vouchers was approximately £120,000. This indude £27,435 which was the value of 453 Christmas hampers. We have helped 2,742 people in the last year through our week to week hampers and a fijrther 1,290 people at Christmas. We are expecting to see an increase in requests in hampers in 2025 due to th8 measures the new government is taking including increase in National Insurance, and changes to tax thresholds. We will continue lo support those in need including the Immigrant community and the homeless.
STOREHOUSE NORTH DOWN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Going concern After making appropriatè Énquiries. the trustees have a rèasonable expectation that th8 Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis In preparing the financial ststemenls. Further dètails regarding the adoption of the going concem basis can be found in the Accounting Pollcles. Flnancial revlew The Income for the perlod was £186.454 and our exp8nditure was £208,758, Our assets comprise fot)J stocks amount to £27,702 and cash in the bank of £249,505. structure. govornance and management The board is made up of 7 trustees who support the Chrlstlan ethos of the Charity lone of those reslgn8d during the year). They bring to the board many skills which are relevant to the smooth runnlng of the charoty. The appointment of any trustee follows the guldelines set out In our M8morandum and Articles of association. On appolntment new trustees will be glven the relevant training and all information regardlng the duties of a trustee. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the financlal ststements were: Margaret Grace Colvllle Bailie Pauline Rebecca Hare Hugh Patrick Mccart Brendan Mccrory Valerie Margaret Miskimmon MBE James McKnight Gary Rodgers Jennifer Waugh (Appointed 2 September 2024 and reslgned 12 June 20251 (Appointed 2 September 20241 (Appolnted 2 September 2024) Risk management The Trustees regard Ihe Charities main risks to bé the continuity of food donations. The diversity of the contributing organisatlons for food mitigates this rlsk. Regular Communication with these organisatlons is maintained to demonstrate the continuing need for donallons.
STOREHOUSE NORTH DOWN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 stat•m•nt of Tru•toH' r•8pon$lblllllo8 The Tnjstees, who are also the directors of Stlxehousè North Down for the purpose of company law. are responsible for prnparing the Trustses, Report and the finandal statements in accdanCe with applicable law and regulatlon. Company law requires the TrLSSt8as to prepare financial statements for eaeh finanrial y8ar. Under that law the Trustees have prepared the financial statements in accordance wrth United Klngdom Accounting Standards, mprising FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland., and applicable law (United Kingdom Generally Accepted Accounting Practlce). Under company law thè Trustees must not approve the financial statements unless they are salisfied that they give a true and fair view of the stal8 of thè affairs of the company and of the Incoming resources and applitIon of resources, including the income and oxpendlturo. of the company for that period. In preparing these financial statements, the Trustee5 are required to: • selecl sultable aco)unllng policles and then appty th8m conslstently; make Judgments and eslimales that are re8sonable and prudent: and prepare the financial statements on the golng concem basis unl958 it Is Inapproprfato to presume that the wlll contlnue In business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain tho company's transactions and disc105e with reasonable accura at any time the financial position of the company 8nd enable them to ensure that the financial statements comply with the CoTnpanies Act 2006. They are also responslble for saf8guardlng the assets of the company and henco for taking reasonablo sleps for the prevention and delecllon 01 fraud and other irregularities. This report has been prepared In acrdanCe with the provlsions appll(¥bl8 to cornpanies subject to the small companies regimes withln Part 15 of the Companles Act 2008. The Twstees. report was approved by the Board of TNstees. Maryar•l GrAQ• Colvlll• 84111• Trustee Pulln• R•b•a¢ H*r• Trustee Dated:...l? l. b It Oated...2.-1. l.io.l.15"
STOREHOUSE NORTH DOWN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STOREHOUSE NORTH DOWN I repjrt on the financial statements of the Charity for the year ended 31 January 2025, which are set out on pages 6 to 14. Ra8PeCtive responslbllltles of charity Trustees and èxamlner As the charity Trustees (and also the directots of the company for the purposes of company law) you are responsible for the preparation of the financial ststements in accordancè wlth the requirements of the Companies Act 2006. Having satisfied mys8lf that the financial slatements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independenl examination. it is my responsibility to: 8xamine the flnancial statements under section 65 of the Charities Ad (Northern Ireland) 2008; follow the procedures laid down in the general Dlrections gfven by the Commlsslon under sectlon 65(9llb) of the Charities Acl (Northern Ireland) 2008,. and stale whether particular matters have come to my attention. Bas18 of Independent oxamlnerfs report I have examined your ch8rlly financlal statements as required under section 65 of the Charltlas Act {Northem Ireland) 2008 and my examination was carried out in accordanc8 With the general Directlons given by the Charity Commisslon for Northern Ireland under section 6519}Ibl of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the flnancial statements presented with those r8cords. It also included considerallon of any unusual items or disclosures in the financial slalements, and seeklng explanations from you as charity trustees concerning any such matters. My role is to slate whether any materlal matters hav8 come to my attantion giving me cause to believa that: 1. Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or 2. The financial statements do not accord wlth those accounting records; or 3. The financial statements do not comply with the accounting requirements of sectlon 396 of the Companiès Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their financial ststements in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)., or 4. There is further information needed for a proper understanding of the financial statements to be reachèd. Indepondent examiner's statemant I havè completed my examination and I have no concerns in respect of the matters (1) to {41 Ilsled above and, In connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. HM Chartored Accountsnts 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast Co. Antrim BT13LP Date.. 2711012025
STOREHOUSE NORTH DOWN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025 Unrestrfctod Unrestrlcted funds funds 2025 2024 Notos Incomo from: Donations and legad8s Investments 183,714 2,740 183,548 1,414 Total In¢omo 186,454 184,962 Expondlture on: Charitsble actlvltles 208,757 196,516 Total expondlturo 208,757 196,516 Net éxpondlturo and movgmont In funds (22,3031 (11,554) Roconclllation of fund8: Fund balances at 1 February 2024 298,610 310.164 Fund balances at 31 January 2025 276,307 298,810 The statement of financial activities includes all galns and losses recognlsed in tha year. All income and expenditure derive from continuing adlvities.
STOREHOUSE NORTH DOWN BALANCE SHEEr AS AT 31 JANUARY2025 2026 2024 Curr•nt as••ts Stocks Cash at bank and in hand 11 27.702 249,505 30,701 269,709 277,207 300,410 Cr•dltorn: 4mount• falllng du• wlthln on• y•ar 12 (gij)) (1.800) N•t ourr•nt •M•ts 276,307 298.610 Th• lund8 of th• Gharlty Unr05tricted fund8 13 278.307 298,810 276.307 298,610 The Mmp8ny is entMgd to the exempUon from the audit requirom8nt contained in 8ection 477 of the Compani88 Act 2CK)6, for the year ended 31 January 2025. Tha dlrectors acknowledge their responslbilitles for complylng wlth the requirements of the Companles Act 2008 wlth rospect to accounting records and the preparntion of financial statoments. The rnembeTr have not required the company to obtaln an audlt ol bts financlal statements for tho year In que8tlon in acrdanC8 with section 478. These financial 8tslements have bean prepared In accordanc• wlth tho provi81ons appllcable to companies subjod to the small eompanies regirne. The finandal statemènts wer• approvod by the Trustees on . £-.2.1.LQ.l.zC Margare Trusts• Grace Colvilb 8aille Paullne Rebecca Haie Company reglstration number N1628614 (Northem Ireland)
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2025 Accounllng policies Charity Information Storehouse North Down is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 12 Balloo Avenue, Bangor, County Down, BT19 7QT. 1.1 Accounting conventlon The financial 5talemenls have b88n prepared in accordanc8 Wlth thè Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accoLtnts In accordance wllh the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" las amended for accounting periods comfflencing from 1 January 2016). The Charity is a Public Benefit Entlty a5 defined by FRS 102. The Charlty has taken advantage of the provlslons in the SORP for ¢harltl8s applylng FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared In sterllng, whl¢h Is the fun¢tlonal currency of the Charlty. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statements have been prepared under the hlstorical cost convention. Imodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the flnancial statements, the Trustees have a reasonable expectation that the Charity has adequate rèsources to continue in operational existence for the forese8able future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretlon of tha Trustees in furtherance of their charitable objectives. Restricted funds are sublect to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. 1.4 Income All income is recognlsed once the Charity has entltlement to the Income, It Is probable that the income wlll be received and the amount of income receivable Can be measured reliably. Donatod services or faclllties are recognised when the Charity has control ov8r the item. any conditions associated with the donated item havo been met. th8 receipt of economic benefit from the use of the Charity of the item Is probable and thal economic beneflt can be measured reliably. In accordance with the Charities SORP (FRS 102), th8 general volunteer time of the Friends is not recognised and refer to the Trustees. report for more information about their contribution.
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Aecountlng policie8 (Continued) On receipt, donated profèssional seNices and donated facilities are recognised on the basis of the value of the gift to the Charlty which is the amunt the Charity woul(1 have beén willing to pay to obtsin serViS or facilities of equivalent economlc benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable In relation to donations received under Gift Aid or deeds of ¢ovenant is recognised at the time of the donatlon. Income tax recoverable In relation to Inv8Stment income Is recognised at the time the Investment Income is ¢elvabl8 1.5 Expendlturn Expenditure Is rècognlsed once thère Is a leg81 or constructive obligatlon to transfer economic benefll to third paty. it is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each actlvity. Direct costs attrlbutable to a single activity are allocated directly to that actlvlty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activlty are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on th8 basis of time spent, and depreciation charges allocal8d on the portion of the asset's use. Governance costs are those incurred in connection with admlnistration of the company and compliance with constitutional and statutory requlrements. Charitable activities and Governance costs are costs incurred on the company's educational oper8tions, Includlng support costs and costs relating to the governance of the company apportioned to charitable actlvities. All expenditure is Inclusive of irrecoverable VAT. 1.6 Stocks Stocks are valued at the lower of cost and net realisab18 value aft8r maklng dua allowance for obsolete and slow-moving slocks. Cost includes all direct costs and an appropriatè proportion of fixed and variable overheads. 1.7 Cash and cash èqulvalents Cash and Gash equivalents include cash in hand, d8POSlts held at call with banks. other short-term liquid investments with original maturities of the months or less, and bank overdrafts. Bank overdrafts are sh¢)wn within borrowings in Gurrent liabilities. Baslc financlal assets Basic financial assets, which include debtors and cash and bank balances, are inillally measurod at transaction prlce including transaction costs and are subsequenlty carried at amortised cost using the effective inter8St 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 lassified as receivable within one year are not amortised.
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Accounting policios (Continued) Baslc flnancial liabilitles Basic financial liabilities, including credilors and bank loans are initially recognised at transaction price unless thè arrangement constitutes a financing transaction, where the debt instrument is me8sur6d at Ihe present value of thè future payments discounled at a market rate of interest. Flnancial liabilitl8s classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortls8d cost, using the effective interest rate method. Trade credltors are obllgations lo pay for goods or servlc8S that have be8n acquired In th8 ordinary course of operatlons from suppllers. Arnounts payable are classified as current liabilitles if payment Is due within one year or less. If not, they are presented as non-current liabllities. Trade creditors are recognised initially at transaction prlce and subsequently measured at amortised cost using the effeGtlve inler8St method. Derecognltlon of flnanclal Ilabllltles Financlal liabilities are der8cognised when the Charity's contractual obligatlons expire or are dlscharged or cancelled. Crltlcal accounting 93tlmates and judgements In the application of the Charty's accounting policies, the Trustees are requlred to make judgements, estimates and assumptions about th8 carrying amount of assets and liabllities that are not readlly apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consldered to be relevant. Aclual results may differ from these estimate5. The estimates and undedying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates are recognised in th8 period in which the estimate is revlsed 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 perlods. In the Trustees. oplnlons, there arè no significant judgements, estimates and assumptlons made about the recognitlon of assets, liabilltles, Incomes and expenses. 10
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Income from donations and legacies Unrestrlcted funds 2025 Unrestrlcted fund8 2024 Donations and glfts Grants 183,714 176,876 6.672 183,714 183,548 Donallons and glfts Fo¢)J donated Donationed from individuals Donations from organisatlons Gift ald Other 93,040 64,583 26.091 87,333 64,355 21,675 3,470 43 183,714 176,876 Grants recelvablè for core actlvltle8 Ard5 and North Down Borough Council 6,672 6,672 Income from Inve8tm•nt8 Unrnstricted Unrestricted funds funds 2025 2024 Snterest receivable 2.740 1.414 11
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Charltsble activltles 2025 2024 Food parcels issued Food expenses Meat vouchers issued Rent Bank fees Hardshlp fund 96,039 35,265 24,000 13,200 268 34,383 80,349 39.090 21.000 13,200 426 36,263 203,155 190,328 Share ofsupport Costs (see note 61 Share of governance costs (see note 6> 4,702 900 5,288 900 208,757 196,516 Support costs Support Governance cost8 costs 2025 Support costs Governance costs 2024 Establishment expenses 4,702 4,702 5,288 5,288 Accouniancy 900 900 4,702 900 5,602 5,288 900 6.188 Analysed ts&een Charitable activities 4,702 900 5,602 5,287 900 6,187 Governance costs Includes payments to the audltors of £90012024- £9001 for audlt fees. Not movement In fund$ 2025 2024 The net movement in fund5 IS stated after Chargin(credItingl. Fees payable for the independent examination of the charity's financial statefflents 900 900 Trusteè8 None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during thè year. 12-
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Employees The average monthly number of èmployees during the year was: 2025 Number 2024 Numbèr Trustees There wer8 no employees whose annual Muneration was more than £60.000. 10 Taxatlon The charity is exempt from taxatlon on Its activities b8cause all Its Income 1$ applied for charitable purposes. 11 Stocks 2025 2024 Finished go¢xis and goods for Sale 27,702 30,701 12 Credltors: amounts falllng due wlthln ono year 2025 2024 Accruals and deferred income 900 1,800 13 Unrestrlcted funds The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are not subject lo speclfic condltlons by donors and grantors as lo how they may be used. These Include designated funds which have been set aside oul of unrestricted funds by the trustees for specific purposes. Resource8 At 31 January expended 2025 At 1 February 2024 Incoming resources General funds 298,610 186,454 1208,757) 276,307 Prevlous year: At 1 February 2023 Incoming Resources At 31 January resources expended 2024 General funds 310,164 184,962 (196,516) 298,610 13-
STOREHOUSE NORTH DOWN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 14 Anatysls of net assets between funds Total 2025 Total 2024 Fund balances at 31 January 2025 are represented by.. Current assetsl{liabilitias) 276,307 298,610 276.307 298,610 15 Op•ratlng leaso commltrnents At the reportlng end date the Charity had outstandlng commltments for futur8 minimum18ase payments under non-cancellable operating leases, which fall due as follows: 2025 2024 Within one year Beeen Iwo and five years 13,200 3,300 13,200 16,500 16,500 29,700 16 R&latod party tran8actlon8 Thera were no dlsclosable related p8ty transactlons durlng the year (2024 - none). 14-