Charity Registration No. XR60594 Company Registration No. N1042517 (Northern Ireland) CLUB UNITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED31 AUGUST2018
CLUB UNITED CONTENTS Page Charity information Trustees, report Independent examinerfs report Stalemenl of financial activities Balance sheel Notes lo the accounts 8-16
CLUB UNITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs Naomi Cooke Mrs Fello8 lQllen Miss Rachel Coyle Ms Marie Simpson Ms Whitney Neely Miss Jenny O'Donnell Ms C cOe Ms S Stewart (Appointed 1 April 20191 (Appointed 29 March 20191 IAppoinle(128 March 20191 Ms E Thompson Secretary Ms S Stewart Charity number XR60594 Company number N1042517 Registered office Club United - Unil 1 Glendermott Valley Business Part(, Church Brae Londondery BT47 3QR Independent examiner Moore Stephens INI) LLP 21123 Clarendon Street Derry BT48 7EP Bankers Danske Bank 27 Glenshane Rd Londonderry BT47 2LN
CLUB UNITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2018 The TrLtstees present their report ané financial statements for the year ended 31 AL5gust 2018. The accounts have been pr8pared in accordance with the accounting policies sel out in note 1 to the accounts and comply wth the charity's Memorandum and Artides of Association, the Companies Act 2006 and 'Accounling and Reporting by Charities-. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161 Oblectlves and actlvltles The principal objective of the club is the provision of childcare f8¢ilities. after school clubs and summer schemes. The Trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Public Benoflt The objectives of the Trust are as listed. The Trust has considered the UK Charity Commission's guidance on public benefit and p18ns to ensure that il provides public benefit and achieves ils objectives as sel out in the Trust's Memorandum and Articles of Association. The trustees give careful consideration lo accessibility for all without discrimination on grounds of polltics, religion. race, social or economic b3fjkgmund. Achlev&ments and performance During the year Club United has PTovided appropriate childG8re facilities on a daily basis for children aged between 4 and 12 years old. The care is provided for all children regardless of religion, culture race or rneans. The club operated on a charitable non-tradin9 basis. We have worked alongside parents and carers lo ensure they were involved in the planning of activities to ensure the best interests of the children were catered for SS well as offering numerous play opportunities for them. We planned and organised aclivilies, trips and workshops in relation lo different cultures and be11efs lo ensure that each child was Catered for. We provided a summer scheme over the months of July and August where children gol the opportunity lo tske part in the fun and stimulating activities planned. This project included workshops and outings for the children lo attend which gave opportunity for them to explore and leam from different cultures and beliefs. The objective of the project was lo educate and inform children of the benefits of cultural diversity. It also providtrd opportunity for children lo play together in a neulral environment and build lasting friendships with peers from different religious and cultural backgrounds whilst having fun. Club United studied the needs of children within the setting and with the experience and knowledge of our qualified staff wo recognised the needs of children and fafnilies within our local communities. We have provided a safe, caring stimulating environment for the children to attend whilst giving parent5 and carers the opportunity to relum to work or training by providing these services at an affordable cost, Flnanclal review The results for the year are sel out on page 7. Total incoming resources for the year were £86.816 of which 21 Yo was generated from grants. Total resource5 exp8nded were £93,257 of which 81Qlo was expended on direct activities.
CLUB UNITED TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2018 Reserves Policy The Trust aims to continue to increase reserves to ensure the stability of programmes, employment and everyday operations of the organisation. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure lo the major risks. Going Concern Having reviewed the Trusvs forecasts, the trustees have a reasonable expectation that the Trust has adeouale resources to continue in operational existence for the foreseeable future. The principal factors underlying this judgement include.. Current levels of financial perf0rrnan by MpariSOn with budgeted expectstions- Continuing support from the funders Accordingly, the TrLtst conts'nues to adopt the going concem basis of accounting in preparing the annual financial statements. Structure? governance and management Governing Docurnent Club United is govemed by its Memorandum and Arbcles ofAssotsalion dated 8th February 2002. The Trust is a charitable company limited by guarantee and accepted as a charity by HM Revenue and Customs under reference XR60594. The TTUStees, who a also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financsal statements were-. Miss Nickie Curry (Resigned 30 August 20181 Mr Darren Kirf( IResigned 30 November 20181 Mrs Valerie Kirk (Resigned 30 November 20181 Miss Nickie Cury (Resigned 4 September 20181 Mr Leslie Haire (Resigned 3 January 20181 Mrs Esther Haire (Resigned 2 January 20181 Miss Tara Nicholas (Resigned 8 January 20181 Miss Stephanie Ward (Resigned 19 April 20191 Miss Kathryn Taylor (Resigned 8 January 2018} Miss Emma Mccobb (Resigned 2 August 20181 Mrs Naomi Cooke Miss Amy Bunting Mrs FeliTha Killen Miss Rachel Coyle Mrs Caroline Dalton Mrs Georgina James Ms Marie Simpson Ms Nalasha Devonshire Ms Whitney Neely Miss Jenny O'Donnell Ms C Coyle Ms S Stewart Ms E Thompson (Resigned 4 January 20181 (Resigned 9 April 20191 (Resigned 1 April 20191 (Resigned 31 March 2019) (Appointed 1 April 20191 IAppoinled 29 March 20191 (Appointed 28 March 2019)
CLUB UNITED TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST2018 Appolntmavit of Trustees The Charity Trustees are also Directors of the company. A Trustee is initially elected by the Board in accordance with Ihe Memorandum and Articles of Association. Risk Management The charity has developed a Risk Management Policy in relation to welfare 8nd protection of the children who are members ol the club. A Corporate Financial Risk Register is being drawri up lo prioritise the risks requiring action. Risk Registers wi51 be reviewed and updated on a regular basis or as soon as a potential risk is denlified. Analysi5 for each risk will be detailed in the Risk Register together with the controls currently in place to mitigate the risk and the further actions required to minimise Ihe risk. Organisation The Board of Trustees which administers the Trust meets on a monthly basis. Trustoe Induction All new trustees are given an induction and provided with relevant documenlalion. Statem8nt of Tru5tges' responsiblllties The Trustees, who are also the directors of Club United for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable 18w and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for e2ch finanGi¥l year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements. the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and prinaples in the Charities SORP., make judgements and estimates that 8re 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 slalemenls on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial Position of the charity and enable them to ensure that the financial st8tements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hance for taking reasonabl8 steps for the prevention and detection of fraud and other irregularities. The Trustees, report was approved by the Board of Trustees. Ms Marle Slmpson Trustee Dated", 16 May 2019 Ms S Stewart Trustee Dated..16 May 2019
CLUB UNITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLUB UNITED I report to the TTUStees on my examination of the financtal statements of Club United {the Charity) for the year ended 31 Augus12018. Responsibilitiès and basis of report As the Tnjslees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statemen15 in accordance with the requirements of the Companies Act 2006 Ithe 2006 Act). Having satisfied myself that the finanryal 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 14515llb} of the 2011 Act. Independent examinerfs statement I have completed my examination. I confimi that no matters have corne to my attention in Connection with the examination giving me Cause to believe that in any mateiial respect- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act.. or the financial ststements do not accord with those records-, or the financial statements do not comply with the accounb'ng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not 8 matter considered as part of an independent examination., or the financial statements have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their accounts in aCCOTdance with the Finanaal Reporting Stsndard appIlble in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection wth the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Moore Ste hens INI) LLP 21123 Clarendon Street Dery BT48 7EP Dated.. 16 May 2019
CLUB UNITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2018 Unrestrided Unrostricted Restrl¢t8d funds funds tund$ general designated 2018 2018 Total Totsl 2018 2018 2017 Notes DonatlDnS and legacies Charitable activities Other trading activities Other income 2,335 54,466 2,335 56,666 500 79,129 456 2,200 27.815 27.815 Total income 84,616 2,2aO 86,816 80,085 endi Charitable actiwities 75.731 2,200 77.931 79,406 Other 11 5,344 9,982 15,326 Total resource$ èxpend¢d 81,075 9.982 2,200 93,257 79,406 Net income for th• yearl Net movement in funds 3,541 19,982) (6,4411 679 Fund balances at 1 SeplembeT 2017 23.101 9,982 33,083 32,404 Fund balances at 31 August 2018 26,642 26,642 33,083 The statement of financial activities includes all gains and Ios5e5 recognised in the year. All income and expendllure derive from continuing activities. The stalement of financial aclimties also complies with the requiremenis for an income and expenditure account under the Companies Act 2006.
CLUB UNITED BALANCE SHEET ASAT31AUGUST2018 2018 2017 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 12 16,067 15,326 14 5.289 11.672 13,218 7,684 16,961 20,902 Creditors: amounts falling due within one year 15 16.3861 (3.1451 Net current assets 10,575 17.757 Total assets less current liabilities 26,642 33,083 Income funds Unrestricted funds- designated Unrestricted funds- general 9,982 23,101 26.642 26.642 33,083 The cornpany is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2018. No member of the company has deposited a notice, pursuant to S8Ction 476. requiring an audit of these accounts. The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting rewrds which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of rts in¢oming resources and application of resources, including tts income and expenditure, for the financial year in accorcIan with the requirements of sections 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to financial stslements. so far as applicable to the company. These financial statements have been prepared in accordan with the provisions applicable lo companies subject lo the srnall companies regime. The finanaal statements were approved by the Trustees on 16 May 2019 Ms Marie Simpson TTUStee Sp Ms S Stewart Trustee sgLa Company Registration No. N1042517
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2018 Accounting pollcios Charity infomiation Club United is a priv8te company limited by guarantee incorporated in Northern Ireland. The registered office is . Club United - Unit 1, Glendermott Valley Business Park, Church 8rae. Londonderry, BT47 3QR. 1.1 Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods ¢ommencing from 1 January 20161. 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sleding, which is the functional currency of the charity. Monetary amounts In these financial statements are rounded lo the nearest £. The accounts have been prepared under the historical cost convention. The principal accounUng policies adopted are sel out below. 1.2 Going conc•rn At the time of approving ihe financial staternents, the Trustees have a reasonable expectation that the charity has adequate resources lo 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 fund$ unreslritt.ed funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds are unrestricted funds set aside al the discretion of the trustees for specific purposes. The designated funds for fixed assets is that part of unrestricted funds that represents fixed assets held. Restricted ftjnds are subject to specific condillons by donors as lo how they may be used. The purpose5 and uses of the restricted funds are set out in the notes to the financial ststements. 1.4 Incomlng r¢sourc•s Income is recognised when the charity is legally entitled to it after any perforTnance conditions have been met, the amounts Can be measured reliably, and il is probable Ihat incom8 will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perf0nllan conditions require deferral of the amount. Income tax recoverable in relatlon lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been nolified of an impending distribution, the amount is known, and receipt Is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, nel of discounts, VAT and other sales related taxes.
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31AUGUST2018 Accounting policies {Continued) 1.5 Resources expended Expenditure is recognised On there is a legal or constructive obligation lo make a payment to a third party. it is probable that settlemenl will be required and the amDunt of the obligation can be measured Siably. Irrecoverdble VAT is charged as a cost against the activity for which the expendrture was incurred. Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs. 1.6 Tangible fixed assets Tan9ible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation. net of depreciation and any impaimienl losses. DepreciatlDn 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 Fixtures and fitbngs 10°A straight line 10°/o Straight line The gain Dr loss arising on the disposal of an asset is detemined as the difference between the sale proceeds and the carying value of the asset, and is recognised in net incomellexpenditurel for the year. 1.7 Impairnient of fixed assets At each reporting end date, the charity reviews the c3rrying amounts of its tangible assets to determine whether there is any indic81ion that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss Irf any). Intangible assets wtth indefinite useftjl lives and intangible assets not yet available for use are tssled for impaimenl annually, and whenever there is an indication that the asset may be impaired. 1.8 Cash and ¢ash equivalents Cash and cash equivalents indude cash in hand and bank overdrafts. Bank overdrafts are shown wthin borrowings in current liabilities. 1.9 Finan¢ial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financi81 instruments. Financial instTuments are recognised in the charity's balan sheet when the chality becomes paty lo the contractual provisions of the instrumet)t. Financi81 assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforable right lo set off the recogni5ed amounts and there is an intention to setue on a nel basis or to reslise the asset and settle the liability simultaneously. Basic financial assets Basic financAal assets, which include debtors and cash and bank balanGes, are initially measured at transaction price including trans8ctson costs 2nd are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaGtion is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amorb'sed.
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2018 Accountlng policies {Contlnued} Basic financlal liabilities Basie financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is tneasured al the present value of the future payments discounted al a market Tate of interest. Financial liabilities classified as pay8ble within one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are obligations to Pay for goods OT 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 Iransaction price and subsequently measured at amortls8d cost using the effective interest methDd. DeTr¢ognition of flnancial liabilltles Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's setvices are received. Termination benefits are rewgnised irnmedialely as an expense when the charity is demon51rably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retlrement benafits Paymgnls to defined contribution retirement benefit schemes are charged as an expense as they fall due. CrStical accountlng estlmates and ludgements In the application of the charity's accounting policies, the Trustees are reouired to make judgements, estimates and assumptions about the c8rrying amount of assets and liabilities that are not readily apparent from othtsr sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be Televant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate5 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. Donations and legacles Unrestrl¢tèd funds general 2018 Total 2017 Oonalions and gifts 2,335 500 10-
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2018 Donations and legacies (Continued) Donations and gifts Braidwaler charity initiative Caw Community Group DCSDC Foyle Camera Club Other 500 750 1,000 535 50 2.335 500 Charitabla a¢tivitles 2018 2017 Fee incorne Perfon7)anee related grants 38,266 18,400 55,274 23,855 56,666 79,129 Analysis by fund Unrestrided funds - general Restricted fvnds 54.466 2,200 56,666 For the year ended 31 August 2017 Unrestricted funds - general Unrestricted funds - designated Restricted fvnds 71,853 1.976 5.300 79,129 Perfomiance related grants Community Foundation Nl HSCB l Brightstart Capital Grants Halifax Foundation DELNI Waterside Neighbourhood Partnership Other 2,000 16,200 16.579 1,976 3,500 1.050 750 200 18,400 23,855
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2018 other tradlng activltles Unrestricted fund5 general 2018 Total 2017 Fundraising events 456 other income Unrestricted funds general 2018 Total 2017 Insurance claim 27,815 12-
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2018 Charitable activities 2018 2017 Staff costs Depreuation and impaimient Staff training Rent & Rates Light & Heal Cleaning 54.722 985 1.058 2,097 4,083 54.000 2.459 1,261 7.548 1,751 E li 455 1.673 789 303 1.119 459 649 455 440 1,414 157 2,413 237 3,534 Repairs & Maintenance Printing, Postage & Stationery Adverbsing Telèphone Travel Expenses Activities Bank Charges & Interest Sundry Expenses 4.970 121 3,189 75.571 76.777 Share ol g0veMan costs (see note 8) 2,360 2.629 77,931 79,406 Analysis by fund Unrestn'cted funds- general Restricted funds 75,731 2,200 77.931 For the year ended 31 August 2017 Unrestricted funds- general Unrestricted funds- designated Restricted funds 72,514 1,592 5,300 79,406 13-
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2018 Support c¢st5 Support Governance costs costs 2018 2017 8asls of allocation Audit fees Insurance 1.830 530 1,830 530 2,200 Goveman 429 Govemance 2.360 2,360 2,629 Analysed between Charitable activities 2,360 2,360 2,629 Trustees None of the Trustees lor any peOnS connected with them) received any remuneration or benefits from the charity during the year. 10 Ernployees Nurnbor of employees The average monthly number of employees during the year was.. 2018 Number 2017 Number Child care and surnmer scheme Average volkjnleers Employment costs 2018 2017 Wages and salaries Other pension costs 54.330 392 53,928 72 54,722 54.000 There were no employees whose annual remuneration was £60.000 or more. 14-
CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2018 11 Other Unrestricted Unrestricted funds funds Total Total 2018 2018 general designated 2018 2017 Net loss on disposal of tangible fixed assets 9,982 15,326 5,344 9,982 15,326 For the year ended 31 August 2017 12 Tangible fixed assets Leasehold Fi¥tures 8nd improvements ffttin9S Totsl Cost At 1 September2017 Additions Disposals 20.145 3.805 120,1451 26.581 13.247 126,581) 46,726 17.052 (46.7261 At 31 August 2018 3.805 13.247 17,052 Depreciation and impaimient At 1 September 2017 Depreciation charged in the year Eliminated in respect of disposals 12,676 238 (12,6761 18,724 747 {18,724) 31,400 985 (31.4001 At 31 August 2018 238 747 985 Carrying amount Ai 31 August 2018 3.567 12.500 16,067 At 31 August 2017 7,469 7.857 75,326 13 Financial instruments 2018 2017 Carying amount of financial assets Debt instruments measured at amortised cost 5,289 13,218 Carrying amount of financial liabilrties Measured at amortised cost 5.801 3.145
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CLUB UNITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2018 14 Debtors 2018 2017 Amounts falSlng due wlthin one year- Other debtors 5.289 13,218 15 Credltors.. amounts falling due within one year 2018 2017 Other taxation and soclal security Trade creditors Other creditors Accruals and deferred income 585 2,141 38 3,622 1,377 28 1,740 6.386 3,145 16 Retlrement beneflt schernes D$fined contribution scheme$ The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fvnd. Th8 charge to profit or loss in respect of defined contribution schemes wa5 £392 {2017 - £721. 17 Related paity transactlons There wore no dis¢losable lated party transactions during the yvar12017- nonel. 16-