2025-06-30-annual-report

Charity registration number 108956 (Northern Ireland)

Company registration number NI675138

SKY WATCH NI

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

SKY WATCH NI

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees

Mrs Heather Hendry Miss Elizabeth Reid Mr Paul Trimble Mr Jonathan McHugh

Secretary Miss Elizabeth Reid Charity number (Northern Ireland) 108956 Company number NI675138 Registered office 15 Broadwater Park Aghalee Craigavon Co. Armagh BT67 OEW Independent examiner HM Chartered Accountants 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast Co. Antrim BT1 3LP

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SKY WATCH NI

CONTENTS

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||||| |---|---|---|---| |a| |Page| |Trustees’|report|1-2| |Independent examiner's|report|3| |Statement|of financial|activities|4| |Statement of financial|position|5| |Statement|of cash|flows|6| |Notes to the|financial|statements|7-15|

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SKY WATCH NI TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 JUNE 2025 a

The trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Charity’s purposes are to promote for the benefit of the public, the preservation, protection and rescue of people, property and the environment by the use of aerial observation over land and water and underwater observation, in order to identify situations where people and/or property and/or the environment is at risk and by working with and reporting such incidents to the statutory Emergency Services and such other bodies as deemed appropriate.

The benefits resulting from the work of Sky Watch NI are that, by the use of aerial observation and reporting of relevant information to the emergency services and other statutory bodies, people, property and the environment in Northern Ireland will be protected, where there is a risk to life or injury, due to fire, floods, hazardous material, etc.

Achievements and performance

Significant activities and achievements against objectives We continue to respond to callouts from Northern Ireland Fire and Rescue Service (NIFRS), Police Service of Northern Ireland (PSNI) and the general public where there is a danger to life or the environment. We have assisted at wild-land fires and been involved in searches for missing people and animals at risk. Several new members have joined Sky Watch NI this year, each one bringing their own expertise to assist our work. Training programmes are continually held to ensure our responders are learning new skills and are competent in using our specialist equipment thus helping to ensure our responders offer the best possible level of service to our end users.

Members attended and organised a number of successful fundraising events during the year and we appreciate support received from local businesses, community groups and statutory bodies, as well as members of the public. Without this support we could not continue to provide this essential service.

Sky Watch NI fully participates in the Department of Justice hosted Northern Ireland Search and Rescue (NISAR) and one of our Trustees currently chairs the Search and Rescue (SAR) Communications Committee.

Financial review

The net expenditure for the year amounted to (£65,925). At the year end fund balances totalled £123,393, of which £112,628 is attributable to restricted reserves and £10,765 attributable to unrestricted reserves.

Structure, governance and management

The charity is a company limited by guarantee without share capital.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr Christopher Dugan (Resigned 16 April 2025)

Mrs Heather Hendry Miss Elizabeth Reid Mr Paul Trimble Mr Jonathan McHugh

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SKY WATCH NI

TRUSTEES’ REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The trustees' report was approved by the Board of Trustees. tae CLE Mr Paul Trimble Trustee Date: 22loq)ar

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SKY WATCH NI

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025
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			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2025	2025	2025	2024	2024	2024
	Notes		£	£	£	£	£	£
Income and endowments		from:
Donations and legacies Charitable activities		3 4	6,602 93	9,000 .	15,602 93	4,352 1,000	8,500 -	12,852 4,000
Otherincome		5	-	-	-	3,545	-	3,545
Total income			6,695	9,000	15,695	8,897	8,500	17,397
Expenditure on: Charitable activities		6	9,260	72,360	81,620	10,867	74,304	85,171
Total expenditure			9,260	72,360	81,620	10,867	74,304	85,171
Netexpenditure			(2,565)	(63,360)	(65,925)	(1,970)	(65,804)	(67,774)
Transfers between funds			4,366	(4,366)	.	510	(510)	-
Net movement in funds		8	1,801	(67,726)	(65,925)	(1,460)	(66,314)	(67,774)
Reconciliation offunds:
Fund balances at 1 July2024	2024		8,964	180,354	189,318	10,424	246,668	257,092
Fund balances at 30 June 2025			10,765	112,628	423,393	8,964	180,354	189,318

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

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SKY WATCH NI

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

AS AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 202530 JUNE 2025JUNE 20252025
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			2025		2024
	Notes	£	£	£	£
Fixed assets
Tangible assets	12		120,414		193,054
Current assets
Debtors Cash at bank and in hand	13	269 3,309		- 1,865
		3,578		1,865
Creditors: amounts falling duewithin oneyear	14	(599)		(5,601)
Netcurrent assets/(Iiabilities)			2,979		(3,736)
Total assets less current liabilities			123,393		189,318
The funds ofthe charity
Restricted income funds	15		112,628		180,354
Unrestricted funds	16		10,765		8,964
			123,393		189,318

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the trustees on ... 22joqlas

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Miss Elizabeth Reid	Mr Paul Trimble
Trustee	Trustee

Company registration number N!I675138 (Northem Ireland)

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SKY WATCH NI

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |a| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|20|6,444|4,047| |Investing|activities| |Proceeds|from|disposal|of tangible|fixed| |assets|-|575| |Net cash|(used|in)/generated|from| |investing|activities|-|575| |Financing|activities| |Repayment of borrowings|(5,000)|(10,000)| |Net cash|used|in|financing|activities|(5,000)|(10,000)| |Net|increase/(decrease)|in|cash|and|cash| |equivalents|1,444|(5,378)| |Cash|and|cash|equivalents|at|beginning|of year|1,865|7,243| |Cash|and|cash|equivalents|at end|of year|3,309|1,865|

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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1Accounting policies

Charity information Sky Watch NI is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 15 Broadwater Park, Aghalee, Craigavon, Co. Armagh, BT67 OEW.

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

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

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

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

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

Restricted funds are subject to specific conditions by donors 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 charity.

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

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

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

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

a 1Accounting 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 are allocated on the portion of the asset’s use.

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: Plant and equipment 20% straight line Motor vehicles 20% straight line

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

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

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

nes 1 Accounting policies (Continued)

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

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

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

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.10 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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

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

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

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

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3 Donations and legacies	3 Donations and legacies	3 Donations and legacies	3 Donations and legacies	3 Donations and legacies	3 Donations and legacies	3 Donations and legacies	3 Donations and legacies
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2025	2025	2025	2024	2024	2024
		£	£	£	£	£	£
	Donations and gifts Grants Membership fees	6,264 - 338	- 9,000 -	6,264 9,000 338	4,055 - 297	- 8,500 -	4,055 8,500 297
		6,602	9,000	15,602	4,352	8,500	12,852
	Grants receivable for
	core activities
	Department for Justice - NISAR	-	9,000	9,000	-	8,500	8,500
		-	9,000	9,000	-	8,500	8,500
4	Income from charitable	activities
					Unrestricted		Unrestricted
						funds	funds
						2025	2024
						£	£
	Charitable Activities
	Sale ofgoods					93	1,000
5	Other income
					Unrestricted		Unrestricted
						funds	funds
						2025	2024
						£	£
	Netgain on disposal oftangible fixed assets OtherIncome					- -	185 3,360
						-	3,360

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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6Expenditure on charitable activities

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|||||||||| |---|---|---|---|---|---|---|---|---| |Charitable|Charitable| |Activities|Activities| |2025|2024| |£|£| |Direct|costs| |Depreciation|and|impairment|72,641|72,641| |Activities|undertaken|directly|8,169|11,930| |80,810|84,571| |Share|of support and|governance|costs|(see|note|7)| |Governance|810|600| |81,620|85,171| |Analysis|by|fund| |Unrestricted funds|9,260|10,867| |Restricted|funds|72,360|74,304| |81,620|85,171| |7|Support|costs| |Support|Governance|2025 Support|costs|Governance|2024| |costs|costs|costs| |£|£|£|£|£|£| |Accountancy|-|810|810|-|600|600| |-|810|810|-|600|600| |Analysed|between| |Charitable|activities|-|810|810|-|600|600| |8|Net movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|independent|examination|of the|charity's|financial| |statements|-|-| |Depreciation|of owned|tangible|fixed|assets|72,641|72,641| |Loss/(profit)|on|disposal|of tangible|fixed|assets|-|(185)|

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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9Trustees

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

10 Employees

The average monthly number of employees during the year was:

Total

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||| |---|---| |2025|2024| |Number|Number| |-|-|

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11. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

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|||||||| |---|---|---|---|---|---|---| |Plant and|Motor|Total| |equipment|vehicles| |£|£|£| |Cost| |At|1|July 2024|101,003|262,198|363,201| |At|30|June|2025|101,003|262,198|363,201| |Depreciation|and|impairment| |At|1|July 2024|47,020|123,126|170,146| |Depreciation|charged|in the year|20,201|52,440|72,641| |At|30|June|2025|67,221|175,566|242,787| |Carrying|amount| |At|30|June|2025|33,782|86,632|120,414| |At|30|June|2024|53,982|139,072|193,054| |13|Debtors| |2025|2024| |Amounts|falling|due within|one year:|£|£| |Other debtors|269|-|

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SKY WATCH NI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
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14 Creditors: amounts falling due within one year
2025 2024
£ £
Borrowings - 5,000
Accruals and deferred income 599 601
599 5,601
15 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 July 2024 Incoming Resources Transfers At 30 June
resources expended 2025
£ £ £ £ £
Department of Justice 55 9,000 (4,634) (4,366) 55
DAERA 180,299 - (67,726) - 112,573
180,354 9,000 (72,360) (4,366) 112,628
Previous year: At 1 July 2023 Incoming Resources Transfers At30 June
resources expended 2024
£ £ £ £ £
Department of Justice - 8,500 (6,578) (1,867) 55
DAERA 246,668 - (67,726) 1,357 180,299
246,668 8,500 (74,304) (510) 180,354
Restricted funds are those which have been given for a particular purpose.
Transfers between unrestricted and restricted funds in the year relate to restricted grant expenditure of £4,366
which was allocated to unrestricted expenditure in the prior financial year.
16 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 July 2024 Incoming Resources Transfers At 30 June
resources expended 2025
£ £ £ £ £
General funds 8,964 6,695 (9,260) 4,366 10,765
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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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16 Unrestricted funds

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(Continued)

Previous year:	At 1 July 2023	Incoming resources	Resources expended	Transfers	At30June 2024
	£	£	£	£	£
General funds	10,424	8,897	(10,867)	510	8,964
Analysis of net assets between funds
			Unrestricted	Restricted	Total
			funds	funds
			2025	2025	2025
			£	£	£
At 30 June 2025:
Tangible assets Current assets/(liabilities)			7,841 2,924	112,573 55	120,414 2,979
			10,765	112,628	123,393
			Unrestricted	Restricted	Total
			funds	funds
			2024	2024	2024
			£	£	£
At 30 June 2024:
Tangibleassets Current assets/ (liabilities)			12,755 (3,791)	180,299 55	193,054 (3,736)
			8,964	180,354	189,318

17 Analysis of net assets between funds

18 Related party transactions

During the year loans were repaid to related parties. As at 30 June 2025 £0 (2024: £5,000) remained owing to the related parties.

19 Analysis of changes in net funds/(debt)

Analysis of changeschanges in net funds/(debt)funds/(debt)
	At 1 July 2024	Cash flows At30 June 2025
	£	£	£
Cash at bank and in hand	1,865	1,444	3,309
Loans falling due within oneyear	(5,000)	5,000	-
	(3,135)	6,444	3,309

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SKY WATCH NI

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNEJUNE 2025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNEJUNE 2025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNEJUNE 2025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNEJUNE 2025
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20	Cash generated fromoperations	2025 £	2024 £
	Deficit fortheyear	(65,925)	(67,774)
	Adjustments for: Gain on disposal oftangiblefixed assets Depreciation and impairment of tangible fixed assets	- 72,641	(186) 72,641
	Movements in working capital: (Increase) in debtors (Decrease) in creditors	(270) (2)	- (634)
	Cashgeneratedfromoperations	6,444	4,047

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