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2024-08-31-annual-return

Draft Financial Statements at 10 April 2025 at 14:07:17

Charity registration number NIC105193

BALLYMACWARD PRE-SCHOOL PLAYGROUP

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Danielle O'Neill, Chair
Hugh Kennedy, Vice Chair
Kelly Saunders, Trustee
Ciara Bird, Trustee
Nyree Hogg, Treasurer
Charity number NIC105193
Principal address Ballymacward Pre School
22A Rock Road
Stoneyford
BT28 3SU
Independent examiner Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 16

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008.

Objectives and activities

a. Policies and objectives

The Playgroup develops and delivers high quality early childhood education and care services for children and their families. As a member of the Early Years network, the Playgroup receives specialist support and guidance to ensure best practice informs it policies and services. The objectives of the Playgroup state that "the Group is established to promote play based learning environments for all children under statutory school age, (hereinafter referred to as the beneficiaries) of the Lisburn and Belfast area and its surrounding environs in County Antrim (hereinafter called the 'area of benefit') without distinction of age, gender, marital status, disability, sexual orientation, nationality, political or religious opinion, by associating the statutory authorities, community and voluntary organisations and the inhabitants in a common effort to advance education, and in particular;

a) to advance the education of the beneficiaries by the provision of safe and satisfying group play, with the right of parents/carers to take responsibility for and to become involved in the activities of the group; and to promote the preservation of health of the beneficiaries; and

b) to support the values and principals of Early Years.

b. Main activities undertaken to further the Charity's purposes for the public benefit

The Pre-schools has continued to support the values and principals of Early Years. The results are listed below in the Review of Activities.

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Achievements and performance

Significant activities and achievements against objectives a. Review of Activities

The Pre-schools income is generated predominantly from the monies received from the Education Authority via its Pre-School Education Programme. The pre-school received this funding for 12 places from September 2023 to January 2024 then 13 places from February 2024 to June 2024. The number of places funded by the Education Authority is likely to remain the core funding source for the pre-school. As such, the committee and staff remain focussed on advertising and promoting the pre-school in the local community to ensure a core number of application numbers for the next academic year. The programme for 3 years olds ran alongside the pre-school session from September 2023; this was attended by 10 children throughout the year.

A Grant of £5000 was received from the Halifax which went towards fixing the front of the building. £200 was received from Getting Ready to Learn for resources for the Big Bedtime Read.

The Pre-school has signage outside the school building and located in the car park to make it visible from the road. The preschool uses social media platforms such as Facebook and a school website to communicate with parents and the community. Seesaw app is also used to communicate with the parents of the pupils on a regular basis. The Preschool maintains its strong bond with the Primary school and jointly advertise in local newspapers and the parish bulletin when there are upcoming events. The preschool has a wonderful outdoor area; this outdoor space provides a safe, secure and vibrant play area for the children. The Pre-school staff and committee members received positive feedback from the parents following our open morning with regards to the facilities available on site for the children. The Pre-school was selected as first choice by many of the parents when deciding on a suitable pre-school for their child.

The pre-school is inspected on a yearly basis by Social Services. The last inspection was held on 14[th] December 2023 and the inspecting Social Worker summarised

“ On the day of Inspection, there were 16 children present.

On the day of inspection, the staff members provided a supportive and encouraging environment the children appeared happy and relaxed in their care. The Pre-School has created an environment that provides a wide range of learning and play opportunities. The staff team demonstrated a good understanding of safeguarding practices. Documentation, was up to date and available for this inspection. There were no Requirements or recommendations made”.

The Education and Training Inspectorate (ETI) provides inspection services for the Department for Education approximately every 5 to 7 years. The Pre-School took part in the new Pilot Inspection process on 13[th] and 14[th] November 2023. ETI commented:

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Financial review

Going concern

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the 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 statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Principal risks and uncertainties

The trustees periodically conduct their own review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. In order to minimize internal risks, and, to ensure the consistent quality of delivery for all operational aspects of the charity, procedures for authorisation of all transactions and projects have been implemented.

Reserves policy

c. Reserve policy

The trustees recommend that any deficit for the year be deducted from the fund to which is relates. The trustees will consider on an ongoing basis the level of reserves that is prudent for the charity to have in line with known future developments, liabilities and uncertainties.

Structure, governance and management

a. Constitution

The playgroup has a charitable tax status reflecting the social and community work undertaken. The playgroup was registered as a charity with the Charity Commission for Northern Ireland on 25th April 2016. This process clarified the geographic area of benefit within the Playgroup's objectives to include the Lisburn and Belfast area and its surrounding environs in County Antrim.

b. Methods of appointment of election of Trustees

Parents and guardians of those children who attend/attended the Playgroup can apply to become Family Members providing their application is accepted by the Management Committee. These members over the age of eighteen shall be eligible to be nominated for election to the committee. The committee must be made up of at least five members and not more than twelve. Each member of the committee shall hold office for two years, retiring in rotation with the longest serving third to retire at each AGM.

c. Organisational structure and decision-making policies

The management committee are responsible for the running of the charity and all decisions made.

Danielle O'Neill, Chair Hugh Kennedy, Vice Chair Kelly Saunders, Trustee Ciara Bird, Trustee Nyree Hogg, Treasurer Valerie McGreevy, Secretary

(Resigned 7 May 2024)

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

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

.............................. Danielle O'Neill, Chair Trustee

Date: .............................................

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALLYMACWARD PRE-SCHOOL PLAYGROUP

I report to the Trustees on my examination of the financial statements of Ballymacward Pre-School Playgroup (the Trust) for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008.

I report in respect of my examination of the Trust’s financial statements carried out in accordance with the Charities Act (Northern Ireland) 2008. In carrying out my examination I have followed all the applicable directions given by the Charity Commission under the Charities Act (Northern Ireland) 2008.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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.

Jonathan R Bethel Miscampbell & Co

6 Annadale Avenue Belfast BT7 3JH

Dated: .........................

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Charitable activities
2
46,646
5,200
Expenditure on:
Charitable activities
3
52,039
4,944
Net (expenditure)/income
for the year/
Net movement in funds
(5,393)
256
Fund balances at 1
September 2023
9,511
1,600
Fund balances at 31
August 2024
4,118
1,856		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
51,846
54,789
600
56,983
55,703
-
(5,137)
(914)
600
11,111
10,425
1,000
5,974
9,511
1,600		 Total
2023
£
55,389
55,703
(314)
11,425
11,111

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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

BALANCE SHEET

AS AT 31 AUGUST 2024

Notes
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the Trust
Restricted income funds
12
Unrestricted funds		 2024
£
1,734
5,277
7,011
(1,962)		 £
925
5,049
5,974
5,974
1,856
4,118
5,974		 2023
£
1,581
10,115
11,696
(1,741)		 £
1,156
9,955
11,111
11,111
1,600
9,511
11,111

The financial statements were approved by the Trustees on .........................

.............................. Danielle O'Neill, Chair Trustee

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Ballymacward Pre-School Playgroup is a charity limited by guarantees. The school is registered as a charity in Northern Ireland and has the charity number NIC105193. The registered office address and principal place of business is 22 Rock Road, Lisburn, BT28 3SU. The principal activity of the charity is to be providing the advancement of education.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008.

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

Ballymacward Pre-School Playgroup meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust 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 or grantors 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 Trust.

1.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

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:

Fixtures and fittings 20% reducing balance

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.

1.7 Impairment of fixed assets

At each reporting end date, the Trust 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 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.

1.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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.

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual 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 services are received.

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

1.11 Retirement benefits

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

1.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

1.13 Fund accounting

General funds are unrestricted funds which 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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

2 Charitable activities

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
11,763
-
Grants received
34,883
5,200
46,646
5,200		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
11,763
7,677
-
40,083
47,112
600
51,846
54,789
600		 Total
2023
£
7,677
47,712
55,389

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

3 Expenditure on charitable activities

Charitable Charitable
Activities Activities
2024 2023
£ £
Direct costs
Staff costs 40,885 41,560
Depreciation and impairment 231 289
Repair costs 4,944 -
46,060 41,849
Share of support and governance costs (see note 4)
Support 8,756 11,393
Governance 2,167 2,461
56,983 55,703
Analysis by fund
Unrestricted funds 52,039 55,703
Restricted funds 4,944 -
56,983 55,703
4 Support costs allocated to activities
2024 2023
£ £
Bank Fees 79 83
Postage & Stationery 1,303 1,952
Telephone 654 707
Heat & Light 1,968 1,591
Repairs (147) 235
Cleaning - 117
Computer 21 38
Grant Spending 2,228 4,004
Insurance 1,127 1,441
Subscriptions 1,523 1,225
Governance costs 2,167 2,461
10,923 13,854
Analysed between:
Charitable Activities 10,923 13,854

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

5
Net movement in funds
2024
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
1,460
Depreciation of owned tangible fixed assets
231
6
Trustees
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL).
7
Employees		 2023
£
1,496
289

The average monthly number of employees during the year was:

2024 2023
Number Number
4 4
Employment costs 2024 2023
£ £
Wages and salaries 39,288 40,026
Social security costs 261 44
Other pension costs 1,336 1,490
40,885 41,560

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

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

8
Tangible fixed assets
Cost
At 1 September 2023
At 31 August 2024
Depreciation and impairment
At 1 September 2023
Depreciation charged in the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023
9
Debtors
Amounts falling due within one year:
Prepayments and accrued income
10
Creditors: amounts falling due within one year
Accruals and deferred income
11
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 Fixtures and
fittings
£
4,574
4,574
3,418
231
3,649
925
1,156
2024
2023
£
£
1,734
1,581
2024
2023
£
£
1,962
1,741
2024
2023
£
£
1,336
1,490		 Fixtures and
fittings
£
4,574
4,574
3,418
231
3,649
925
1,156
2024
2023
£
£
1,734
1,581
2024
2023
£
£
1,962
1,741
2024
2023
£
£
1,336
1,490
4,574
3,418
231
3,649
925
1,156
2023
£
1,581
2023
£
1,741
2023
£
1,490

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

12 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources At 31 August At 31 August
September resources expended 2024
2023
£ £ £ £
1,600 5,200 (4,944) 1,856
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
1,000 600 - 1,600

13 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
General funds 9,511 46,646 (52,039) 4,118
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
General funds 10,425 54,789 (55,703) 9,511
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 August 2024:
Tangible assets 823 102 925
Current assets/(liabilities) 3,295 1,754 5,049
4,118 1,856 5,974

14 Analysis of net assets between funds

Draft Financial Statements at 10 April 2025 at 14:07:17 BALLYMACWARD PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

14 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 August 2023:
Tangible assets 1,028 128 1,156
Current assets/(liabilities) 8,483 1,472 9,955
9,511 1,600 11,111

15 Pension commitments

The school operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension charge represents contributions paid by the company amounted to £1,339 (2023: £1,490).

16 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).