REGISTERED COMPAY NUMBER.. 04627894 (England and Wales) REGISTERED CHARITY NUMBER- 1097445 REPORT OF ThE TRUSTEES AIID UNAUDITED FINANOAL STATEMENTS FOR THE YEAR ENOED 31 MAROI 202$ ThE FERNHURST CÉNTAE UMifED THE FERNHURST CEIITRE UMITED C014TEIITS OF IHE ANAfKIALStATEMErirs FOR THE YEAR EIIDED 31 MARCH 1025 Report of the Twstees Ito3 Independent Examinerfs Report stsiemeni of Financial Activities Balance Sheet 6t07 Notes to the Financial Statements 8t012 THE FERNHURSTCEIITRE UMrrED REPORT OFThE TRusfEES FOR ThE YEAR ÉPIDED 31 MARCH 2025 The tnJstees. who are also dirèttors of the charity for the purposes of the Companies Art 2Tr)6, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accotsnting and Reporting by Charities.. ststern￿t of Recommended Practi￿ applicable to charitie5 preparin8 their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 102. effèctive l January 20191 OBJEcfivES AND AcnvmES The principle artivity of the company is to operate the Fernhurst Centre at 2 Crossfield. Femhurst. The Fernhurst Centre 15 now generally known as The Fernhur5t Hub. It provides computers and IT. a Café and education facilities as well a5 delivering courses for the benefit of the local community- The charitable objective5 are to promote the benefits of the inhakn'tants of the Parish of Fernhursi, West Sussex and the neighbourhood wiihout distinrtion of sex. sexual orientation, racè, or of political, religious or other opinions, bv assoclating together the said inhabitants and the local authorities. voluntsry and other or8anlsatlons In a Common effort to advance education and to prowde faolities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of lrfe for the said inhabitants. Durlng the year The Hub bought a table tenni5 table at £991 for the Femhurst Table Tennis Club forthe beneflt of the many young members of the club. ACHIEVEMENT AND PERFORMANCE The year saw The Hub expand its range of acti￿tres and increase lootfall. With reducèd demand for use of its computers the Increased space provided more teachin8 space and a variety of classes. Evening talks, art exhibitions and hire of spare by local socleties and dubs increased the of the premises outslde openlng hours. provldlng a useful source of Income. The Hub's part-time paid Manager leads a strong team of volunteers who run the café with its gift shop, arrange and a5S1St at talks and participate in plannin8 and running ￿ents. The Hub ha5 è high visibility in the communlty- l. Income Net Income fof the year was £26,53912024.. 24.5861. Totsl Income was E117,32412024.' £106.4501. 2. Expenditure Total expenditure amounted to £90,78412024: £81,8631. 3. Capital Expenditure No maj¢Jr Capital expenditure was incurred durin8 the year. THE FERNHURSfcEtITRE UMtTED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontinuedl FINANCIAL REVIEW The Trustees consider that the Fernhurst Hub should Seek io maintain within its finanaal resources, as detailed within its annual report and financial 5tatemenL Sufficient reserves to meet: l. The estimaied ¢￿t of its obligation under the lease held Chichester Distrirtthjntil ICDCI to reinstste the propeity Imain premise5, maisonette above and garage) upon expiry of the lease to the condition il was In upon commencement of the lease. This includes the Complete demoliiion of the rear training room and the removal of all fixtures and fittings and signa8è. 2. 75% of the Hub's operating costs for the previous financial year. The Trustees, policy 15 influenced bythe following fartors.. al in building up reserves, the Hub is heavily depertdent on the rental subsidy granted by CDC. Originally the subsidy was granted at ICKJ% of market rent. reducing over time from Th to 70% from 2014 onward5. In january 2021 Ihe rental subsidy of 70% was extende(I by CDC until the Rent Review date of 2 January 2024 and further exiended 2. January 2028. bl the Trustees acknowledge that the Hub has limited scope for inc￿a5￿n8 its income from operational activities, bearing in mind its open access and low charges policy. The operatin8 expenditu￿ Is kept low by the sSgnificant contribution from the vdunteer workforce. but in line with national trends the recruitment of new, younger volunteers to replace older volunteer5 is becomir* incrÈa5ingly dlfficulL As a resulL more seThlces are now belng brought in on a paid basls. albelt Som￿lme$ at below markw fee. cl voluntary donatlons, supplemented by Gift Aid, are an important parr of the Hub's income stream, but In a difficult econom1¢ cllmate a ￿d￿ctIon in such donations is highly likdy. At preseni, donatSons remjln strong. sTRU￿URE, GOVERNANCE AND MANAGEMErir rhe Fernhurst Hub is a charitoble company limited by guarantee. incorporated on 3" January 2￿3 (registration no. 046278941 and re81ste￿o as a charity on 9" May 2LK13 Iregistration no. 10974451. The compony's Memorandum of Asso¢iatlon. as amended on 3" May 2008 upon change of name, established the objects and powers of the charltable company, which is 8ovemed under its Artides of Assoaation. The dirertors of the company are also trustees for the puipose5 of charity law. The liability of eath member in the event of a wlndlng up as stated in the Memorandum of A%soclatlon Is £1. REFERENCE AND ADMINISTRATIVE DETAIiS ReBlstered office 2 Crossfield Fernhurst Ha51emere Surrev GU27 3JL Pay2 THE FERNHURsfcEiifRE UMITED REPORT OF THE TRU5fEES FOR THE YEAR ENDED 31 MARCH 2025 IcontinuÈdl Trustees Mrs K Aycinena Mr C L R Boobyer Mrs E C Bu¢han Mrs S R Gibbon Mr5. C H Hooper Mrs Sally Matson Mr51 Sander50n Mrs l A Short Iresi8ned 09101120251 Company Settetary Mr51 Sanderson Independent Exambner Paul Wind50r FCA Approved by order of the board of trustees on IH45 2021". . and signed on its behalf bv.. er Page 3 INDEPENDENT EXAMINEfS REPORTTO ThETRUSTEES OF THE FERNHURSTCENTRE LIMITED Independent examlnerf5 report to the trust*Ès of The F•mhurst Centre Lin¥ted I'the Cmipanvl I report to ihe charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Re5ponslbllltl¢s and ba51s fjf rtport As the charl￿5 trustèès of the Company land also its directo￿ for the purp05e5 of company lawl you are responslble for the preparation of the accounts in accordance with the ￿quIrernents Otthe Companies Act 2CKJ61'the 2006 ACYI. Havin8 Satisfied myself that the accounts of the Company are rbot required to be audired under Part 16 of the 2006 Act and are eli8ible fow independent examination, I report in respeu of my examination of your charl￿$ atcounts as earr4ed out under section 145 of the Charities Att 20111.the 2011 ACVI. In Carrying out my examlnation I have followed the Directions given by the Charity Commission under section 145151 of the 2011 Act. Ind•p•nd•nt •xaMlnerfs statement I have completed my examination. I confirm that no matters have come to my attentl¢)n In connertion wlth the examination giving me cause to believe-. accountln8 records were not kept in respert of the Company 05 required by sectlryb 386 of the 2006 ACL. or 2. the accounts (Jo noi accord with those records; or 3. the accounts do not comply with the accounting requirements of section 386 of the 2LI)6 Act other than any requirement that the accounts give a true ar)d fairviewwhich Is not a mattertonsidered as part ofan Independent examination; or 4. the accounts have not been prepared in accordance with the method5 and princlples of the Statement of Recommended Practice for accounting and reportin8 by charlties (applicable to charities preparing their accounts In accordance with the Financial Reportin6 Standard applicable in the UK and the Republlc of Ireland IFRS 1021. I have no concerns an¢J have come across no other matters in connection with the examlnation io whlch attention should be drawn in this report in order to enable a proper undefsiandir* of the accounts to be reached. P Windsor FCA Date.. THE FERNHURST HUB Statsrnent of Financial Actlvltios For th• •ndad 31 Alarch 2025 2024 Notes INCOME AND ENDOWMENTS FROM thnalions, grant$ and legaae5 4,685 5,684 Charttable actfvitl Operation of wmmunity c•ntre 93.398 82.747 Investment inc¢me Othèr incom• 5.185 14,056 4.614 13.405 Total 117324 IC6.449 EXPENDITURE ON Ch•rTrt•bl• adi¥ltl 89,726 77,184 Oth•r 1.058 4,679 Total 90.784 81,863 NET INCOIAE Z6.539 24,586 RECONCILIAT1014 OF FUNDS Total fundj brou￿1 for￿rd 144,183 119,597 TOTAL FUNDS CARRIED FORWARD 170.72Z 144.183 THE FERNHURST CENTRE LllIl￿ED Balance Sheet as at 31 March 2026 Note 2024 Flxod Assets Tangible assets Currènt ASWJ Sto(*s Debtors InvestmeTIts Bank accounts and cash in hand io 7.679 9,591 li 12 13 1,218 1.903 50.108 122,946 983 2.152 48.383 97.376 176.175 148,894 Cr•dllorn: An￿￿nts falhNJ duo wlthin one year Creditors and accruals 14 113.1311 114.3021 N•t Curr•nt A•8•ts 163.043 134,592 Totsl Au•ts lo•• Cuff•nt U•blitl•• 170,722 144,183 Representeil by.. Fund• 16 Unrn•trlct•d Fund• Unrestrirted funds 170,722 144.183 Total Fund• 170.722 144,183 Pap6 ThE FERNHURST CENTrE UMITED NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIE5 Basis of preparlng thè finantial statéments The financial statements of the charitakAe company. whith is a wblic benefrt entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021'Accountin8 and Reportin8 by Charitie5'. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191., Flnanclal Reporting Standard 102 The Financial Reporbn8 siandard applic•ble In the UK and Republic of Ireland. and the Companies Art 2(M)6. The flnancial ststements have been prepared underthe historical c05t convention. Incom• All income is recogni5ed in the Statement of Financial Activities once the charity has entitlÈmÈnt to thÈ fund5, St Is probable that the income will be received and the amount be measured reliably. Empendlture Liabilities are fe¢o8nised a5 expenditure as soon as there is a legal or ￿nStrUCtive obli8alion ¢ommittln8 the charity to that expenditure, it is probable that a transfer of economic benefits will be required in setdement and the amount of the obligation can be measured relièbty- Expènditure is accounted for on an accruals basis and has been cla55ified under headin8S that aggregate all costs related to the category. Where costs tannot be dirertly attributed to particular headtngs they hive been allocated to attivities on a basls conslstent wlth the use of resources. Gov•rnab)C• Costs Gtsvemance costs compfise all costs invdved in publlc acc(NJntsbility of the tharoty and its compllance with re6ulation5 and 8ood p1arti￿. T•nglble flxed asmts Depreciatlon 15 provided at the followin8 annual rates in order io write off eath asset over its estimated useful Leasehdd MaisonettÈ Maisonette equipment Equipment Furniture Computer and related equipment IO% on cost 20% on cost 20% on cost 20% on cost 20% on cost 33% on c05t Stocks Stock rèpresents Items held for resale at the lower of cost or realisable value. Taxatlon The charity 15 exempt from corporation tax on its d￿ritable activities. Fund a¢¢ountin8 Unrestricted funds can be used in accordance with the thafitable purpose5 within the objects of the charity. Restriction5 arise when specified by the don¢f or when fvnds are raised for partScular restrlcted purposes. TrIE FERNHuR￿ CEfffliE UMITED BALAN￿ SHEEf •t 31 Marth 2025 Icontinuedl The charitable company is entitled to exemption from audlt under Sectlon 477 of the Companie5 Act 2(MJ5 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its fiftancial ststements forthe year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2(Kl6. The trustees a¢knowled8e their responsibility for al ensuring that the charitable company keeps accounting fecords that comply with Sects'ons 386 and 387 of the Campanies Act 2￿16 and bl preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its 5urplu5 or def*cit for Èath financial year in accordance with thè requlrements of Sections 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitsble company. These financial ststements have been prepared in accordance with the provision5 applicable to charitsble companies subject to the small cofflpanies re8ime. The flnanclal statements were approved by the Board of T￿￿lee$ and authorised for issue on were signed on its behaff by: slee I Sanderson- Trustee The notes form part of these financlal 5tatement5. THE FERNHVRSTCENTrE UMITED NOTESTO THE FINAIICIALSTATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Icontinuedl Cash at bank and in harKI Cash ai bank and rn hand inthe bala￿e sheet comwise all cash at bank and in hand and short temi deposits wlth an ori8lnal maturity dateof three mnihsor less. INVEsTmEP￿ INCOME 2025 2024 Deposit account interesi Iss . INCOME FROM CIIAAifAhLE ACTMT 2024 tivity Goods lor resale Operaiion of community tentre 7.825 Other sales (printi￿ website maintenarKel Operaiion ol community centre 941 Events Operalion of communty centre 2,811 Café iakings Operaiion of community centre 17,942 Course fee5 and adult education ration of community centre 60,81>3 Hire charges and other ￿llIng$ Operation of community centre 2.397 Children's aCtI￿tIeS Operation of community centfe ￿72 8.020 996 3,710 17,204 1,672 82 4. OTHER IP4COME 2025 2024 Rental Income 5. CHARrrA8LE ACTM1￿ COSTS Dkecl Costs 15ee note 61 Support costs Totals Operatlon ol communlty centre DIREcf COSTS OF CHARrrA•LE AcfMnEs 1025 2024 Staff costs Rent and rdtes Insur3ntt Utilitie5 and cleaning Management C05t5 Card charges, Zettle, Xero & Stripe Advertisin8 and marketin8 Social event5 Cost ol 80(￿$ for resale Tuyiion fees and other course expen Café consumables Computer and related costs Repair5 and ￿newa1$ Coffee rnachine fflairntenance Special Inte￿$t events Children'5 adi¥itie5 Sundrie5 Depreclatlon 13,855 11,6n 4,778 994 4,842 1,726 1,849 2,430 127 5,072 26,590 5.177 2,Z23 3.052 315 L461 165 691 1.240 5,158 1.462 1,992 2.883 226 5.331 35,049 5.246 1.767 2.3(A) 22S 141 1.770 Page 9 THE FERNHuisfcENTrE LIMITED NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2025 Icontinuedl NET IIKOMEIIEXPENIXTUREI Net incornellèxpenditurel is Mated afterchaoiryJlcreditirvJl: 2024 Depreciation-owned assets Deficit on dissKJsal of fixd assets 3,394 3.952 37 TRUSTEES. REMUIIEAATION AND BENEFITS ThÈre were no trustees. remuneration or other benefits fortheyear ended 31 March 2025 r￿rf0rthe year ended 31 TrAarch 2024. Trust••< •xp•ns There were no trustees. e￿￿Tr$e5 paid fcf theyear ended 31 Marth 2015 rw forthe year ended 31 March 2024. 9. STAFF C0S7S The avtraee monthly nwnber of employees durin8 the year wa5 as lollows: 2025 2024 Admin5stration No ernploytts rtcèl¥ed erndury￿ts In excess of£60.fYXI. 10. TAt4GIBLE FIXED ISSETS l￿$¢hOld Leasehold M*lson•tte CThnputtr Equlwn•no Fwnhur• Tot•1 COST At 14)rll 2024 Addltions Disposals At 31 March 2025 $4,445 13.527 6,119 2.697 1,662 8.146 272 4.935 89.869 2,798 26 773 429 27 DEPRECIATION At l April 2024 Elimlnated on disposal Char8e forthe yeav At 31 March 202S 49.662 17001 4( 13.526 5A57 1,93S 5,282 4,016 80.278 1251 17251 69 14Ef BOOKVALU At 31 March 2025 061 47 At 31 March 2024 252 762 11. STOCKS 2025 2024 stock held for resale Pay 10 THE FERMHURST CEf4TRE UMITED NOTE5 TO THE FINANCIAL STATEMEPIts FOR TME YEAR ENDED 31 MARCH 2025 Icontinuedl 12. DEBTORS: AMOUNTS FAWNG DuÉwm1114 OMEYEAR 2025 2024 Trade debtor5 Other debtors Prepayments 547 1.605 J.60S 238 152 13. OJRRE14T ASSETINVESTMEPITS 2024 Bonds 14. CREDrroRS: AMOUNTS FAWNG I>UE wrrNIN ONE YEAR 2024 Trade creditor5 Accrued expenses other creditors lintome taken in athnrKe forcourse51 3,067 1,638 950 3,974 131 15. LEASINGAGReEME14TS Minimum lease payments under non-ca￿¢11ab1e operatin8 lexes f•ll due a$ foll¢yws.' 2025 2024 Wlthin one year eetween one and three years 3.067 4.350 16. MOVEMEiir Iri FVNOS Net M0￿Ment At31324 rt 31.3.25 Unrestrfcled fvnds General funds 144 Net movement in fvnd5. included in theabove a￿ asfolsows" In lunds UnrnsErkt•d lunds General fund 117 324 P4e li THE FERNHURST CENTRE LIMITED NOTESTO THE HIW4CIALSTATEMEIITS FOR niE YEAR ENDED31 MARCH 2025 Icontinuedl The General Fund comprises specific amounts set aside by way of a minimum reser¥e for operatin8 expenses and a Premises Reinsiatement Reserve Ifor potential firture obli83tions under a property lease), established Sn accordance with the CoMpan￿S reserves poliLy. OÈsignated funds comprise amounts Set aside for replarementof IT and other equipment and for general continBenLry purposes. 17. AÉLATEO PARTY DisaosuRÉS Mrs K Aycinena, a trustse and dire¢w of the Charity. charged £1,8LKJ12024- £1.8CK)I for website and marketing swices to the Charity. Mrs S Gibbon, a trustee and director of the Charity, charged £750 a5 a course tutor12024- £1,OWI. Mrs S Matson, a trustee and director of the Charity, Is owner of Red Card Petworth and provldes the charlty wSth greeting cards and general 81ft item5 for resale ai a 8ross margin of 25%. aBe 12 THE FERNHURST HUB ststÈn*nt of Finandal Artl¥ltSes Forthe year ernled 31 Marth 2025 2025 2024 INCOME AND ENDOWMEpirs Incomlng resour¢ Oonètions and grant5 4,685 5,683 Investment In¢om• Dep051t account income 5.185 4,614 Charliable artlthl*s Goods for resale Other sales Iprinting, website managemenil Events Children'5 activities Café takings Course fees and adult educatlon Hire charges and other billing 7,825 941 2,811 672 17.942 8.020 996 3,710 1.099 17,204 50.046 1,672 82,747 2,397 93.398 Other Income Rent31 Income 14,056 13,405 Total In¢omlng r•w 117,324 106,450 EXPENDITURE Charlt¥ble artlvltl•s Wages IMana8er, asslstsnl treasurer) Aent and rates Insurance Utilities and deaning PostaBe, stationery and le￿phOne Flnancial char8es Ixero, Zettle. Stripe) Advertlsing and marketing Sundries and social events EvenE costs Children's activities costs Cost of goods for resale Tuition fees and other course expense5 13,855 5,684 1,2tlO 5.158 1,462 1,992 2.883 1.997 11,672 4,778 994 4,842 1,726 1,849 2,430 818 1,461 165 5,072 26,590 141 5,331 35,049 Thi5 pa8edoe5 not IDrm wl olthe Strt￿OryrMèrt0aI Statements THE FERNHURST HUB ststement of Finantial A¢llvltle5 For the year ended 31 Marth 202S 2025 2024 Chadtable actlvlt5es IcontinuÈdl Cafe consumables Computer costs Imaintenenance. consumables, websitel Repair5 and renewals Coffee machine maintenante Depreciation Short lea5ehdd Short leasehdd - Maisonettè Maisonette equipment Computer equipment General equipment Furniture L055 on d15poal of tsngible fixed a55ets 5.246 5.177 1,767 2.3CX) 2.223 3,052 225 315 1.506 69 311 869 739 1.316 89.726 194 526 1,171 555 37 77,154 Support cost5 Governan¢e sts Ilndependent examiners feel 30 Operntlon of communlty ¢•ntr• 89.726 77,184 Other Imalsonete eNpenditure, some included In ppy costs) CDC service charge CDC buildin8 insurance Aepair5 and maintenance malsonette 2,339 666 1,674 4.679 350 1.058 Totsl resources expended 90,784 81,863 t4et Income 26,539 24,586 This pa8e does nor form part ofthe 5raI￿Ory naffl¢iJl staternents