GLARRYFORD FARMERS, HALL LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 AUGUST 2023 Company Registration Number: N1647881 Charities Registration Number: NIC108283
GLAR¥FoRD FARMERS, HALL LIMITED TRUSTEES ANf4uAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 2023 CONTENTS Pages Report of the Trllstees Indepeiident Examiner's Report Staiemeni of Financial Activities (incorporatino incoTne and expendilure accouiit) STatement of Financial Posiiion/Balance Sheet Notes to the financial statements 9- 15
GLARRYFORD FARMERS, HALL LIMITED REPORT OF THE DJRECTORS (INCORPORATING TRUJTEES, REPORT) The Directors (who are also the tTU5t¢es) aTe pleased to present their Teport tooether with the financial statements of the charitv for the year ended 31" August 202). Iihich are prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The direcrors have adopteo the provisions of th¢ Companies Act 2006 and Accountin and Reportiiig by Charifies.. Sialemenl of Reconimei)ded Practice applicable to ch£irities PTepaTing accounts in accordance wilh the Financial R¢poning Siandard applicable in ihe UK and Republic of Ireland {Charitie5 SORP - FRS I O?), in preparing the annual report and fmancial statements of the charity. Achievements and performance This year saw activities beoin to return to PTe Covid norJDality" aT)d Trustees Miith rnemberg began lo iiirn Ilieir attention to fundraising) activitie%. Events 'tre planned for this financial vear and beyond to include a Bar-B-Que and Draina evening. These fundrai5in¥ events sam, those involved wilh the compaii)I workiiig roiyether as a vvider team Nvith social benefits as well and we will continue 10 build on Ihis year-on-year. Lncome trom fundraising came to £6,095. Directors are reaching out 10 other orgyanisaiions lo rent the premises and this year sa, DA ERA and Bann Main¢ West men's group renling the hall w 5th increased bookiiios coming through for the following season. Rental income t.or the year came 10 £8,1 i8. Tlie company ivas registered with the Charity Comrnission Nl on 15 October ?021. The Trustees have had regard to rhe Chariry Commission's Public Benefit requirement. Financial review and funds policy During the year Ihe Charity had total income of £18,214 and total expenditure of £23,004 resulting in a nel deficit of £4,790. The net deficit for the year as shown in the statement of financial activities on page 7 has been Iransterred to the company's funds. Delai15 of the fmancial posilion of the Charity al the year-end can be seen o page 8. Al the end of the year th¢ Charity had £11,083 cash at bank". It is the aim of the Trustees, if possible, to maintain an unrestricted cash reserve equivalent lo thai of at leasi Iwo Months expendilure. The company plans lo continu¢ its acliviti¢s in the forthcorning years.
GLARRYTORD FARMERS, HALL LIMITED REPORT OF THE DIRECTORS (continued) Objective5 and Activitie5 {and how they deliver public benefit) The Charity"'s object5 are stated in its Articles of Association as being specifically restricted to the following.. the advancement of education the advancemeni ofciiizenship or community development the advancemeni of the arts, culture, heritage or science by pruvidino a commui)it)' hall for us¢ by th¢ cornmunity in and around the North Antrim area for meelin¢ys. leciures. classes, dratna perfonnances, aTts festivals and other fornis of recreational actii'ities. Nothing in thL Company-'s Articles of Associalion shall authorise an apylicalion of the propert), of the Charit), for purposes liich arL i)ol charitable in accordance with Section 2 of the ChaTilies Act (Norih¢ri) Ireland) 2008. The hall constructed by the company is used as follows: By Glarryford Young Farniers, Club, ayouth organisalion managed by young volunteers wilh a currcni membership of 80 young people aged beNeen 12 and 30. This organisation has edu¢ational, recreational and social aspects lo il and helps r¢duce isolalion in the rural community. Activities include public speaking, craft, floral art, drdma. song and dance, stock judging, football, tug of wai., debating, presentations and others includin(y significani communiry events and events lo raise money tor charitable Causes. The Young Farmers. Club leaders and members contribute significant volunieer hours each year to the local community. By Glarryford Women'5 Instttute, an organisation for women in the local communiry to come together for both social and educaiional purposes. By the local Farmers Union, when again local residents come together for bot]) social and educational purposes. In addition to the above rhe hall is available for many other activities particularly to include celebrarion events, health and wellbeing activitie5, coffee mornings and infoThation event5. Reference and administrative details Registered name.. Charity registration number: Company registration number: Prffinripal offire and retristered office.. Glarryford Farniets Hall Limited NIC108283 N1647881 21 Killycowan Road, Glarryford, Ballena. BT44 9HL Company secretsry and trustee: Mrs Gillian Reid
GLARRYFORD FARMERS, IIALL LIMITED REPORT OF THE DIRECTORS (eontinued) Directors and Trustees of the Company The directoi's who held office durino ihe }'ear were follows: Mr Richard Calderwood Mr Robin Cherry Mr MeTVyn Dieke), Mi. Wallace Stewart Greoo Mrs Lynda Jane Mccullough Mr klur)h Millar Mrs Katherine Anne Millar Mr Ernest O'llara Mr Peter Alexander (appointed 24, April 2023} Mr Robert Simpson (resigiied ?4 April 2023) Structure, governance and management The company is ryoverned by its Memorandum and ArtTcl¢s of A550ciation dated 7111 September2017. In the event of the Company beino wound up members are required 10 conlribule ar. amourtt not exceedin¥ £1. The Board is responsible for Ihe overall govemance of ihe Company and is actively involved in the day-to-day inanagement of the organisation. Directors are appointed in line with the Memorandum and Articles of Association of the company. The Board of Direclors are also known as Trustees for the purposes of ihe Charity Commission. Risk management The directors have conducted a review of the major risk5 to which the charity is exposed. Financial risk is reviewed on li monthly basis hawing due regard io ongToing income and expenses. Statement of directors, responsibilittes The directors (who are the trustees of Glanyford Farnier5' Hall Limited) are responsible for preparing ihe directors, report and the financial statemen15 in accordance with applicable law and regyulations. Company law requires the directors to prepare financial statements for oach financial period. Under that law the directors have prepared the fancial statements in accordance with United KingdottL Generally Accepted Accounting Practice (United Kingdom Accounting Siandards and applicable law}. Under Company law the directors must not approve the fllkancial statements unless they are satlsfied that the)1 (Trive a true and fair view of Ihe state of affairs of the charitable company and ofihe incoming resources and application of resources, including income and expenditure for that period. In preparing these financial statements. the directors are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the ChaTilies SORP-FRS102. rnake judgements and accounting estimates thal are reasonable and prudent: state whether applicable accounting standards have beeTJ followed, subject to any material departures disclosed and explained in the financial siaiement- and prepare the financial statements on the going concem basis unless it is inappropriate to presume ihat Ihe Company will continue in business.
GLARRYFORD FARMERS, HALL LIMITED REPORT OF THE DIRECTORS (continued) The directors are responsible for keepino adequate accountints record5 Ihat are sufficient to shoiw and explain the charicable company's transactions and disclose wiih reasonable accuracy at any lime the financial position of Ihe charitable company and enable thetn to ensure Ihat the finaTrcial stateineilts cotnpl J with the Cornpaiiie5 Act ?006. They are also responsible for safeguarding the assets of the charitable company and hence for takino reasoDable sieps for Ihe preveniion and deieclion of traud and other I¢gUlaritiCs. In the case of each director in olyice al the date the Directors. Report is approved= so faT as the directOT is aware, Ihere is no relevant infom)alion of M'hich the chariry"s independent eXll1ner 15 iinaware; and they have taken all the Steps ihat ihey ouo .ht to have taken as a director in order lo make tbernselves aware of any relevant inforniation aiid to establish thai the chari12ble company's iiid¢p¢ndeni examiner is aware of ihat information. Funds held as custodian trustee on behalf of others The charily does not hold any funds on behalf of others. Independent examlner A resolution to appoint independent examiner H'ill be proposed at the Annual General Meeiing. Small companies provision sta¢ement This report has been prepared in accordance with the special provisions relaiing to companies subject to the small companies regTime within Pan 15 of the c.ompanies Aa ?006. Approved by Ihe Board on 30" April 2024 and sigyned on lis behalf by: Mervyn Dickey Richard Calderwood Trustee Trustee
GLARRYFORD FARMERS, HALL LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLARRYFORD FARMERS, HALL LIMITED (Company registration number h'l 647881) I report on the accounts of the Glarryford Farniers, Hall Limited for the year ended i l., August 202J 14'hich are set out on pages 7 to 15. Respective responsibilities of trustees 2nd examiner The trustees (who are also rhe directors of the company t-or the purposes OT company law) are respoiisible tor the preparation of ihe accoun15 in accordance with the Charities Act (Northern Ireland) 2008. The trustees consider Ihal an audit is nol required foT Ihis period and that an independenl examination is needed. Havingy satisfied myselt thai the charity is nol subject (o audit under conipany law and is eligible for iiidependent examination, it is my responsibi lit), Éo: exaTnine the accounis nder seclion 65 of the Chariti¢s Act; and to follow the procedures laid down in the general Directions given by the Charity Commission for Northern treland under seciion 65(9)(b) of the Charilies Act: and to state whether particular mallers have come lo my altenlion. Basis of independent examiner's report I have exarnined your charity accounis as required under seciion 65 of Ihe Charities Act and rn> examination was arried out in accordance with the general Directions bTiven by the Chal iry Commission lor Northern Ireland. An exainination includes a review of the accouniino records kept by the charity and a conipari50n ot. the accounts presented with ihose records. Ji a150 includes con5ideralion of any unusual item5 or disclosures in the accounts, and seeking explanalions from you as truslees concerning any such Inallers. The procedures undertaken do not provide all the eviden¢¢ thal would be required in an audil and consequenily no opiiiion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the sialemenl below. Independent examiner's stalement In connection with my exam ination, no matter has come to my attention.. which gives me reasonable Cause to believe that in any material respecl the requireinents.. to keep accounling records in accordance with section 386 of the Companies Act 2006: and to prepare accounts which accord with the accoljnling records. comply with the accounting requiremenls of section 396 of the Companies Act 2006 and with the methods and principles of the Sialemenl of Recommended Practice- Accounting and Reporting by Charities. have not been rnet; or (2) to which, in my OPilliOD, attention should be drawn in order to enable a proper understanding of the accounts to be reached. es Gill ie {F.C.A.) Stevenson and Wi150n 22-30, Broadway Avenue, Ballymen4 BT43 7AA. Chartered Accountants JO, April 2024
GLARRYFORD FARMERS, HALL LIMITED STA TEMENT OF FINANCIAL ACTIVITIES INCORPORATING {-cOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestricted Funds Restrieted Fund5 Total Total 2023 ?0?3 2023 ?0?2 Incoming resources Nole (irant% received Other tradin&) adiviti¢s Investment income 931 14,233 3.050 3,981 14,233 4.900 8,919 Total income 15,164 3,050 18,214 13,827 Resources expended: Uiililies Repairs and maintenance Fund raising e.xpenses Charitv runninLi costs Goveinance Losts Depreciation 8J32 1.154 1,447 748 1.482 8,332 1,154 1,447 748 1,482 9,841 7,964 2,084 478 1,539 9,143 9,841 Tot81 expenditure 13,163 9.841 23,004 25,205 Net expenditure before transfers 2,001 (6,791) (4,790) (11,378) Transfers beiween thnds Revaluation of property 10 13 (3,486) 3,486 68,100 68.100 Net movement in funds (1,485) 64,795 63,310 (11,J78) Reconciliation of funds: Total funds brought forward l? {31,798) 768.072 736.274 747,652 Total funds carried fonvard 17 (33 ?83) 832.867 799.584 736,274 The statement of t-fftancia] athivities includes all oains and losses recognised in the period. All income and expenditure derives from continuing activities. The notes on pages 9 to li fonn part of these financial %ta*menls
CLARRYFORD FARMERS, HALL LIMITED STATEMENT OF FINANCIAL POSITION I BALANCE SHEET AS AT 31. AUGUST 2023 Note 2023 2022 Fixed assets Tangible fjxed assets Tot31 fixed assets 13 832,867 83?,867 768,072 768,072 Current asset5 Debtors 14 6,128 11,083 17,211 Cash at bank 17,811 19,642 Total current assets Creditors - amounts tallin& due within one year 15 15,494 51,440 Net current assetsl{liabilities) 1,717 (31,798} Total assets less currenl liabilities 834,584 736,274 Creditors - amounis falling due after more than one year 15 Total nel assets 16 799,584 736,274 Unrestricted funds GeneTal funds Total unrestrieted funds Restricted funds (33,283) (33,283) 832,867 799.$84 (31,798) (31,798) 768,072 736,274 Total charity funds For the year ended 31* August 2023 company was entitled to exempiion from audit under section 477 of che Companies Act 2006 relating to small companies. Directors, responsibilities: The rnember5 have not required the company to obtaln an audit of lis accounts for the period in question Tn accordance with section 476. and The dir¢ctor5 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparatioT] of accounts. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime under The Companies Act 2006 and with Charities SORP-FRS 102. Th¢ financial statements on pages 9 to 15 were approved by the Board of Trustees on )Oth April 2024 and signed on its behalf by.. Mervyn Dickey Trustee Richard Calderwood Trusiee The notes on pagcs 9 to li forn) part ot-these financial siatements..
GLARRI'FORD FARMERS, H.L LIMITED P40TF.S TO THE FINAf4CIAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 2023 l. Company information The Company is limited by guarantee and is incoTporated ID Northern Irelaiid. The address of the reuistered office is 21, Killycowan Road, GlaTryford. Ballymena, County Antrim. The financial stateineiils v'rfere authorised for issue by the Board on 30 April 20?4. 2. AccountiDg policie$ 'rhe principal accounting policies adopted. juduements and key sources of estimation uncertainty in the preparation of the financial sialeinents are as follows- Basis of prep8ratiOD The financial siarements have been prepared on a going concern basis in accordance with Accounting and Reportino by Charities.. StatemenT Ot Recommend¢d Praciice applicable lo charities prepai'ing iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), Ihe Financial Reporting Siandard applicable in the UK and Republic of Irelaiid (FRS 102) and the Companie5 Aci 2006. I'he rharity meets the definition of a public benefii eniity under FRS 102. Assets and liabilities are initially re¢ognised at historical c05t and transaction value unless oiherwise stated in the relevant a¢¢ounting policy note(s). Preparation of accounts on a going eonfern basis The Chariry generally meets its day lo day ivorking capilal requirements from its annual income. The Trustees have obtained and reviewed cash flow forec&sts for Ihe coming year and based on these are satisfied thai the Charity has resources lo provide a reasonable expeciaiion that it Can continue to meet its financial obligations as they fall duc t.or the foreseeable fuiure. These financial statements have therefore been prepared on a going concern basis. Ineoming resources Income from don8tions or grants is recognised when there is evidence of enlitlen)enl 10 the gift, receipt is probable and its arnounls can be measured reliably. In the case of a grant this is when the fornial offer of fundints is communicated in wrilinii to the charity and when all ternis and conditions have been met. In the case of a donation ihis arises immediately on ils receipl. Rental income is recognised when the Charity has established an entitleTnent to the incorne. Resources e%pended Resources expended are recognised in the period in which they are incurred. Charitable expenditure cornprises those costs incurred by the charity in the delivery of its activities and services to its beneficiaries. It iiicludes both costs Ihat can be allocated direcily to such activitie5 and those costs of an indixect nature necessary to support them.
GLARRYFORD FARMERS, HALL LIMITED ST NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 AUGUST 2023 (contlnued) 2. ALeounting policies (continued) Tangible assets The tangible assets of the Charity c.omprise of land and buildings held as investment property and equiptnent. Investment property is carried at fair value, derived from the current market prices for comparable real estate detennined aiiiiually by the Director5. Chanues in fair value are recognised in profit oi. loss. Eqliipimeiit will be depreciated aE a rale calculated to reduce it to residual value at the end ol. it5 expected nonnal life on a st¥aighl_liiie basis al a rale of eiiher l Oth/0 or ?/0 per annum. 'Ihe assets, residual values and useful lives are reviewed. and adjusted. if appropriate, at the end of each reportinty period. The etlecr ot.any change is accounled for prospectively. Tangi ible assets are derecoginised on disposal or when no future economic benefits are expected. Oil disposal. the difterence beiween rhe new disposal proceeds and ihe ¢anyin(F amount is recognised in ihe slalemenl of financial activities and included in "oiher operating giainsl(losses)" Short-term debtors 2nd creditors Debtors and crediiors wilh no siaied inieresl rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debiors, are reviewed ai Ihe reponing dale ro determine it ihere is any evidence of poienlial impairnient. Any 105ses arisino frorn impairment are recoy]i5ed in the income staternenl in operatingy expenses. Cash and cash equivalenls Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-terni highly liquid inveslrnent5 With original maturities of rhree monihs or less and bank overdrafts. Financial instruments The Charity only has financial asse15 and fmancial liabililies of a kind that qualify as basic financial instruments. Basic financial inStments are inilially recognised al transaciion price and 5ubsequenily measured at their settlemeni value. Funds Funds are classified as eiiher unrestricted funds or restricted funds, defined as follows. Unrestricted funds are expendable at the discrelion of the trustees in furtherance of the objects of the charity. I f partq of the unrestricted fvnds are eam)arkLd at rhe discretion of Ihe trustees for a particu lar purpose, they are desi&?nated as a separate fund. 'Ibis designation has an administrative purpose only and does not leoally restrict the trustees, discretion to apply the fund. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created throu legal processes. bul siill within the wider objects of the Charity. 3. Critical accounting judgements and estimalion uncertainty Estimates and judgrnents made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumslances. The Trustees do nol consider that there are any critical judgments made in applyinq the Company's accounting policies or that there are any critical accounting estimates oy assumptions which may have a significani risk of causin(r a maierial adjustment lo eanying amounts of k)ssets and liabilities within the next fmancial year. 10
GLARRY"FORD FARMERS, HALL LLMITED NOTES TO THE FDIANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUCUST ?023 (eontiniied) 4. Grants received Unr&stricted Funds 2023 Restricted Funds 2023 Tot#1 2023 Toial 2022 Capital expenditUTe (yrants 931 3.OiO 3,981 4,900 5. Other trading activities Unrestricted Funds 2023 Reslricted Funds 2023 Toial 2022 2023 Rental income Fundraisingi artivities 8,138 6,095 8.138 6,09> 8.919 14,233 14,233 8,919 6. Inv¢s¢ment income Unrestricted Funds 2023 Restricted Funds 2023 Total ?022 2023 Interest received 7. Utllitles Unrestricted Fund5 ?023 R¢5tricted Fund5 2023 Total 2023 Total 2022 Rates Insurance 85 2,427 4,631 1,189 85 2,427 4,631 1,189 82 2,133 4.522 1,227 Heat, ljvht and power Telephone 8J32 8J32 7,964
GLARRYFORD FARMERS, HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023 {eontinued) 8. Fund raising expenses Unrestricted Funds 2023 Restyieted Funds 2023 Tot21 2023 Total Catering expense5 Travel expei)ses 1,447 1,447 2,047 1,9iO 1.447 1,447 i,997 9. Governance costs Unrestricted Fund5 2023 Reslri¢ted Funds 2023 Tolol 2023 Total 2022 Accountancy fee Bank fees 1,440 42 1,440 42 1,500 39 1,482 1,482 10. Transfers between funds Unrestricted funds are spent or applied at ihe discretion of the trustees to further any of the charity's purposes. Unrestricted funds can be used to supplement expenditure made from restri¢kd funds. I l. Taxation The Company is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activitie5. 12. Analysis of staff costs, trustee remunerali0 and expenses, and the cost of key management personnel The average number of employees during the year, was as follows.. 2023 Number 2022 Number Directors Ther¢ are no employees and key management are deemed to comprise the Directors. No trustee OT a person related to a trustee had any personal interest in any contract or transaction entered into by the Charity during the year. There was no remuneration paid to Directors during the year {2022: £nil). No expenses weTe incurred in respect of Directors.
GLARRYFORD FAtIMERS' HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31SY AUGUST 2023 (continued) 13. Tangible fixed assets Investment property- land and buildings Equipment Total Cost As at l 51 Septetnber 2022 Additions As at 31st August 2023 728.850 6).295 i,486 68,781 794,14) 6,536 800,681 731,900 Depreciation A5 at 1$1 September 20?? D¢preciation charge for the vear A5 at 31Jt August 2023 26,07i 9,841 35,914 26,073 9,841 35,914 Revaluation As at I, September 2022 Movement during the year As At 31" August 2023 6£. I IKJ 68,100 68.100 68,100 Net book value al 3111 August 2023 Net book value at 31st August ?022 800.000 32,867 39.•?2 832,867 768.072 728.850 The directors have revalued lh¢ company's investments property io fair value at the balance sheet date. This will be reviewed on an a1Ual basis by lh¢ direclors. The Department of Education who have provided approximately £713,0(M) of grant aid tunding towards the cost of construction of new building have a fixed charge over the land on which the new hall is being built, 14. Debtors 2023 2022 Grants receivable Rent receivable Prepayrnents 3,981 120 2,027 6,128 1,831 13
GLARRYFORD FARMERS, HALL LIMITED si" NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 (continued) 15. Creditors 2023 ?0?? Due ivithin one year Dlie lo associated entity Othei- ¢i'editoi's Accruals 10,000 iO,000 1,440 1,440 15,494 il,440 Dut after one year Due to as%ociated entity 35,0110 16. Analysis of net assets Unrestricl¢d General Reslrieied General Total Fixed assets Current assets Current liabilities Long iemi liabilities 8)2,867 3,050 (3,0fj0) 832,867 17,211 (1 fi.494) (35.000) 14.161 {12,444) {35,000) Net assetsl(liabilities) at 3 1st Augusl ?023 {33,283) 832.867 799,584 17. Funds of the Company Al Isl September 2022 Ai 31st August 2023 Income Expenditure Transfers Revaluation Unrestricted funds General fund (31,798) (31.798) 15,164 15,164 (13,163) {13,163) (3,486) (3.486) 3J,283) (33,283) Restricted funds General fund 768,072 768,072 3,050 (9,841) 9.841 3,486 68,100 68,100 83? 867 8J2.867 Total funds 736,274 18,214 (23.004) 68.100 799,584 05e of restricted funds These funds are to be used towards ihe support of the charitable work of the charity. 14
GLARRYFORD FARMERS, HALL LIMITED ST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 (continued) 18. Financial instrument5 At the balance sheet date, the Charity held the lollowin- financial instrument5- 2023 20?? Financial assets that are debi insuuments mea5ur¢d at amortised cost 4,101 49,054 Financial liabilities m¢asured at amortised COSL 19. Related party tr8nsactiODS 'rhe following amounts were repaid io associated entiry. Glaryford Youiig Trarmers Club duyinby Ihe year: 2023 ?0?? Lo¢1n repaid 5,000 5,000 Al the year-end £45,000 (202?: £50,000) of the loan was sttll repayment and has been includ¢d WTlhin ¢reditors. This loan is interest free and has no fixed temi. These entities are related as they are under the control of ihe same trustees. None of the directorsltrustees received remuneration as deiailed at note 12. 20. Capital commitments The company had no capital commitments at the balance sheet date (2022: £nil). 21. ControllÉng party thiring the year Glarryford Fam]ers' Hall Limited was under ihe control of the Trustees. 15