Charlty Rogistratlon No. 1145774 Company Reglstrallon No. 07872614 (England and Wales) FREEDOM COMMUNITY PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FREEDOM COMMUNITY PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Trustaos RevereThJ S C C Adair R Mccallam D M Haleg N A Harland Reverend B R Ta Reverend S Adair Troasuror N HarlaTbJ S•cretary MJNorth Charfty numbor 1145774 Company numb8r 07872614 Rogistored offlce St BemadetteS Centre 59 H￿h Street Bolsov8r Chesl8rfield S44 6HF A¢countants HammorKI & Co (UK) Limtb 36 Cheslerfiebj Road Market Street Staveley Derbyshire S43 3UT Bankers TSB Bank Jc LWS Bank K FREEDOM COMMUNITY PROJECT CONTENTS Page Trustees, report Acc(wntants' report Statement of financial acti￿1 Bafance sheet Notes to the financial statements 9-18 FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their rep)rt and flnanGial 8tatmnts for the year ended 31 March 2025. Since Freedom Communrty Project ('the Project'} qualifies as small under section 383 of the Companies Act 2006. the strategic report required of medium and large companies under the Companies Act 2006 Islrateglc Report and Directols Report} Ragulations 2013 is not required. The Truste8$' Report includes that information as required for a Dlrectors, Report under the Companies Act 2006. CONSTITUTION The Project wa8 incorporated on 6th December 2011 and became a registered charity on 6th February 2012. It acquired the assets and liabilities of a previous organisauon which was operated, under the same name, by Bolsover Methodist Church. The Proj8d still maintains close ties with the church. The Project is a ￿gIStsred charity and a company limited by guarantee. The Project 15 constituted undar 8 M8morandum of Association d8led 28th November 2011 and has a registered charity number 1145774.lts registered office is Hilllown Methodist Church, Langwtlh Road 8olsover S44 6LY Oblectivgs and activities The Project provldes support on an individual basis lo vulnorable people, as well as seNing struggllng communities within Derbyshire. South Yorkshlre. and Nottinghamshire in furtharancg of rts basi¢ objecllv8.' o provide support for all who are vulnerable and those on the edge of society. To care for all. no mattor of background. colour of skin, religion or sexual preference. To show the love of Jesus in action, listening, supporting and helping each person. To be a pla¢9 of welcome for all, where nobody is tumed away. To work with people in order that they might make a change in their lives, helping Ihem8olves out of the situation they are in and moving Into a better fLrture for them and their family.. The Project aims lo provide r6li8f of povety wlthln the United Kingdom and the world as the Trustees may from lime to time think fft. In addition. the Project aims to fulfil such other purposes whlch are exclusively ¢heritsble according lo the laws of Englar7d & Wales and are connected to its charitabte work. The Iruslees havg paid due regard to guidance Issued by the Charity Commission in d￿ldIng what ath'vilies the charity should Ltndgrtake. Achlovemgnts and performance In plannlng the Charity's ath'vities. the trustees have regard lo both the Charity Commission's general guidance on public beneftt and the spocific objectives of the Project. Th8 ProJ8ct has h8d regular income during the year from grants. Income i8 also generated from donaltons and fijnd raising aC￿vI￿8S which have allowed r8gutar running and maintenance costs lo be met. At th8 core of our belief Is that withln every community, no matter the level of disadvantage, there is the solulion to the problems peopl8 face. Our aim is not lo tell people what they should do. but to support and encourage them to identfy the solLrtiong. develop the activity and service, and then to deliver it. As an organisalion we have learned that this works through the activllles and seryices delivered by our volunle8rs. We began with a week of o)mmunty-based actNities In 2008, al which we encourage(I people to identfy what was needed tr) help Ih8m change their lives, and al which we challenged the same people lo help design and deliver the solutions. This Is still the way we operate setVi¢gs froin.. Bolsovef. Clown8, Shirebrook, South Nomanton and Mansfield. FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ov8r 105 volunteers doliver our servlces. Our prirsdp81 activltles are: - The Freedom Café, whth is a fre8 drop-in café op8rating al each centre. The cafés ar& used by 2050 people used the cafe. - Food Bank, wlth th8 aim of providlng a p8r¢el of fo(Nd for p80ple in need. W8 are ¢urrently providing 2628 food parcels. - Food Pantryi Freedom runs food membership panty. This allows dients to access food at low cost at £5. 109 peopl@ have 8c¢essed the setV1￿ within the year. Tralnlng. we run a number of aclivlties lo improve peokle's skills. We have an allotment whiGh is used to teach people how to grow their own vegetsbles and we provide reading support to help people leam to r9ad. We also run 8 job club helping people find employment. Freedorn Community Fun Day, will takes place again in August at Bainbrfdge Hall Bolsover. Th8 Community festival involves lox partners and engaged over 1,500 people. Fro0 internet access. around four OLrt of len homes do not have access to a computer. Access Is provided free and volunteers are on hand lo provide advice Ind help. This help indudes CV writing and assistance in finding employment.. Soclal activitie8, days out are run throughout the year in order to build self-confijence and self-esteem. - We provi(te Chri#tmas prts•nt givoaways which are organised by our volunteers for vulnerable families in thg area we supported 40 families with ChrisIn￿8 Prosgnts. Cllènt Support, the Project has trained 10 volunteers in offerlng support to vulnerable people. The client support team offer 8UPPOrt on a range of issues induding, benefits, housing, budgeting, parenting, issues around physical and mental abuse, Substance abuse, supporting people in Debt and homelessness. We have 1928 people curr&nUy acGessing this service. Housing.. We have supported 102 famllies and Indtvlduals wth housing issues. Ben¢fits.' 692 cases. £486,213 benefits claimed with the year. Mental Heallh." We have supported 20 people with mentsl health issues, 25 have a¢¢essed our counselllng serwce. Debt.. We have help 109 people struggllng with debt lo access D8bt support Freedom Cornmunlty Project has 12 staff. Fundraising activlties. all of which ara operated by volunta•r¢. run through the 8ub8ldiary compartry* Enable Sooal Enlerpnse Ltd, include.. - Consultsncy seNces. covering financi818nd operalonal matter8. are supplied to other charities and voluntsry organisations. PLANS FOR FUTURE PERIODS Sirice the year end the Iwstees have noted a deterioration in the fijnding environment. Despite extensive efforts to secure long-term funding, th8 charity has been Unab￿ to find sustainable financial 8UPPOrt and therefore the trustees have reluctantly decided lo bring the chartty lo an ordety close and lo refer our service users to other local support. Founded in 2008, Freedom has help&J thousands of indfwduals and families with food sid. debt advicg, job support, and community outreach. FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnan¢lal review The 8ccumulated fund has increased during the year by £20,3TT {2024'. incraase of £12.722). Th8 majority of Income has been generated through grants and donations, although, wtth the opening of retail oullels the sale of donated gcM)d8. which is handled by the subsidiary company, En8ble Social Enlerprisfy Ltil, is beginning to make more of a contribution. Some of the grant and donation income Ss for the restricted purpose of funding the employment of a full-lime project m8n8ger and part-kn'me aswstants. Capital expendllure during the year related lo the purchase of various c£)mputer and offKe equipment and some improvement wod(s lo the offices. The Project has g8nerat8d sufficlent income during the year tr) fund GOn￿nu0u3 acllvltles and has beon able to Me￿ its maintenance costs and njnning costs from the income generated. Reserves Poliey The Iruslees aro aware that it is good practice to maintaln sufficient reserves to meet futuro operating costs in the event of an unexpected fall in income. The increased costs over the last couple of years means that the Projgcl has fell short ot ils goal of holding reserves equivalent to $Sx months running costs at 31st March 2025. The Irustees have continuèd to monhor the level of reserves durlng the year since the year end. Following the decision to b¥ing opera￿on8 to an orderty dose, the trusteBs are closely monitoring the reserves and projected fvture incoma and costs. Prlncipal Rlsks and Un¢ertainti8s The Irustses are pleased to see that many of our original objectives have been achleved. As we bring the chartys operations to an orderly dose we wish to relain the volunteer and partner ethos which has underpinned our success. We also recognise that as our opèrations corne lo a close. we will be reliant on partnering well with staff, funders, volunteers and other local charities so that those we have empowered and anabled find others to walk alongsKJe them. Going Concgrn After making appropriate enquiries. the Irugt&es have a reasonable expectation that the Project h88 adequate resources to continue in operational existence for the foreseeable futurè. allowng Sn ordèrty dosuro. For this reason iney conttnue to adopt the golng concem basis in preparing the flnancial statements. Relatlonshlps To 0th8r Organlsatlons The Prolect works d¢)sely with, and receNes assistance from, the Methodigt church in the local area. Freedc also has strong relationships with Beacon Mansfield. Freedom has a strong working relationship th local government at every level. structure) govornan¢o and manag•mont The charity Is a company limited by guarantee. The Injstees, who are algo the directors for the purpose of company18w. and who served during the y8ar and up to the dale of signature of the financial statements were.. D Stray Reverend S C CAdair B G Evans R Mccallam D M Hale8 N A Hadand Reverend B R Taylor M Rowley (Resigned 25 June 2025) FREEDOM COMMUNITY PROJECT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustee are sought by skill r*cessary to support the rde ofth8 trThrd in oversvJrrt of the c4)arity. As par constitution the ￿rrent toard members sele(* a new trustee and p[￿ th&r names to the AGM fr)r agreement. The constitution on the boarrj is also agreed al the AGM eath year None of the trustees has any benef￿.81 interest in the company. AH of the trustees afe members of lh8 mpany and gu8r8nt* to contribut8 £1 in the event of a wtrKlir4J UP prowsion under section 234 of the CompaniesAd 2C>C6. TFMS does mt provide c4)ver in the event of 8 directrjr being proved to have aded fraudulenuy or dishonesty. Th6 trustees. report wa8 approved by the Boartl ofTrustees. Reverend S C CAdalr Trustee Dated.. N A Harfand Trustse Dat8d. ....8./.1 ? 12J- FREEDOM COMMUNITY PROJECT STATEMENT OF TRUSTEES. RESPONSI8ILrriES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors of Freodom Communty Project for Ihe purpose of company law, are responsible for preparing the Trustees, Report and the fin8ncial ststements in accordance with applicable law and United Kingdom Accounting Standards (Unitsd Kingdom GeneraltyAccepled Accounting Practice). Company Law requires the trustees to prepare ffnancial statements for each financlal year which give a true and fair view of tho slat8 of affairs of the charity and of the incomlng resources and application of resources, induding the income and expenditure. of the charitable company for that year. In preparing these financial statements, the trustees are required to.. sel8cl suitable accounttng policies and then apply them consislentty.. - obsarvg the methc#J8 and principles in the Chariiies SORP., - make judgements and estimates that are reasonable and prudent", and prepafe the financial statements on the golng concem basis unless it is inappropriate to presume that the charity will continue in operation. Thg trustees are responsible for keeping adeqLtrala accounting records that dlsclose with reasonabl8 accuracy at any lime th8 financial position of the charity and 8nable them to ensure that the financlal ststemenls comply with the Companies Act 2006. They are also responsible for safeguarding tho assets of the charity and hence for taking reasonable steps for the prevenllon and detection of fraud and other irregularities. INDEPENDENT EXAMINER A resolution lo reappoint H K Freeman as thé indepand8nt examiner wlll be proposed at the annual g￿eral meellng. FREEDOM COMMUNITY PROJECT CERTIFIEDACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FREEDOM COMMUNITY PROJECT FOR THE YEAR ENDED 31 MARCH 2025 We have prepared for your approval the accounts of Freedom Community Project for the period from 01 April 2024 10 31 March 2025 from the companvs accounting records and frc*n infomiation and explanations you have given us. This report is made solely lo the Board of Trustees of Freedom Communlty Project, as a body, in accordance with the temis of our engagement. Our work has been undertaken solely to prepare for your approval th8 accounts of Freedom Community Prgject and state those matters that we have agreed to slate to them, 2s a body, in this report. To the fullest extent permitta by law, wa do nol accept or assume responsibS1ity to anyone other Ih8n Fregdom Community Project and ils Board of Trusl80s as a l)ody for our work or for this report. It is your duty lo ensure that Froedom Communty Project has kept adequate accounting rec(ffds and lo prepare stalulory financial ststem8nts that give a tnJè and fair view of the assets, liabiltties. financial position and surplus of Freedom Community Project. You consider that Freedom Community Project is exempt from the statlrtory 8udit requirement for the year, and is not required to obtain an independent examinerfs report. We have not been Instructed to cary out an audit or 8 review of the flnanaal slalBments of Freedom Communty Project. For this reason, we have not verffied th6 accuracy or completeness of th8 accounllng records or Infom7ation and explanations you have gwen to us and we do not, therefor8, express any opinlon on the statutory finar7cial slatemenls. Hammond & Co (UK) Llmlt•d Certlfled Accountants 36 Chesterfield Road Market Street Stsveley Derbyshlr8 S43 3UT FREEDOM COMMUNITY PROJECT STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total Unreslrn#od R8$trict&J funds funds 2024 2024 Total fvndl X125 funds 2025 2025 2024 Donations and legarA88 Charitsble activities Oth8r trading acti￿1169 93.148 31.617 9256 284,245 357,391 31.617 9,258 30.067 41,276 15.609 293,017 323,084 41,276 15.609 Totsl Incom• 134,019 264.245 398.264 293.017 379,989 Charitsble actlvlttes 112,797 265.0 37T.887 114.491 252,756 367,247 Il•t Incom•l(•xp•ndltur•) for thg y•arl Not mov•m•nt In fvnd• 21.222 (845) 20,377 <27,539) 40,261 12,722 Fund balane88 at 1 Aprll 2024 31,480 1LYJ.771 132.251 59,019 60.$08 119,527 Fund balan￿* at 31 Mar¢h 2025 52.702 99,926 152,628 31,480 100,769 132,249 Tho slatemant of Inanclal act1vi￿@S kK4udes all galr* and rosse8 recognlaed In lh8 year. AJI Income 8rKI expgndtturo dwlve from contlnulng acaMtb8. The stal8ment ol flnand81 admtles 8180 complles wlth the requlrements for an In¢om& and eX￿ndIture account und•r thé Compgr¢h& Act 2006. FREEDOM COMMUNITY PROJECT BALANCE SHEET ASAT31 MARCH 2025 202S 2024 Nots$ fixed assets Tangible assets 102.673 39,663 Current a$Jet$ Debtors Cash at bank and in han(2 io 9,000 85.900 13,432 126,946 94,900 140.378 ono year 12 112,4451 {9,7921 Net current 88sels 82,455 130,586 Total assets 1g$s currert Ilabllltlos 185.128 170.249 moro than one year 13 132,500} {38,000} Net as$gts 152,628 132,249 Income funds Restricted funds Unreslrfcted fijnds 99,926 52,702 100,769 31.480 152.628 132.249 The company 13 10 thv exefflpvon from tne auult requiremeni contsined In section 477 of the Companies Act 2008, for the year ended 31 March 2025. The directors ad(nowledge their responsibilits.es for Gomplw'ng wth the tBouirements of the Comparties Act 2006 with respect to acc£Junling records and the preparation of ffiTrancial statements. The members have not required the company to obtain 8n audit of it8 financial stslements for the ye8r in question in accordan￿ wth s&ctson 476 Thesg financial slalemonls have been prepared in accordancÉ with the prowsions applicsble to COn7panies subject to the small companles regime. The financial 8talements were approved by the Trustees on ........... ..... . L(rAL R&verend S C CAdair Trustse N AHartand Tru8tee Company Reglstratlon No. 078T2614 FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ountlng pollci Charlty Inf0M￿tIon Freedom Communty Prr4ecl ts a prNate {￿MPanY Ilmtted by guarant68 Inc￿rporated In England and Wales. The registered office is St Bemad&tt8's Centre. 59 High StregL Bolsover, Ch8sl8rfield, S44 6HF. 1.1 A¢¢ountlng con￿￿tIOn The financial stalernents have been prepared in 8LYJydm v#iih the chwitls Igovemlng do¢umentJ, the Companies Act 2006 arKI 'Accounting and Reporting by Charities.. Statement of Recommended Practice appllcable to charitses preparing their ac¢J)unts in accordanc8 wAth tho Flnanckql Reportlng Standard appllcable in the UK and Reput￿lC of Ireland {FRS 102} leffoclive 1 January 20191.. Thg tharity Is a Publlc Benefft Enlity as défined by FRS 102. The charity has taken advantsgo of the provisions In Iho SORP for tharlUo$ app￿.￿9 FRS 102 Update Bulletin 1 not to FYep•re a stateff￿l of Cash FIM. The fin8noal statements are Prepared in 8terling, which Is th8 functlcA)al cwrrency of the ¢h8rlty. Monetary amounts In these financial ststements are rounded to th? nearest £. Thg financSal ststements have teen praparod under the hlstorical Cost convention. modified lo Include the ravaluation of freehold properti83 and to indude Invostmenl prop8rti8s and COrta￿ finanaal Instruments al f85r value. The prinGlpal accounllng poltses adopted are $8t OLrt bglow. 1.2 Golng conc•rn At the Ilme of approvlng Ihe financlal statements, the trust688 have a rea80nablè exp8ctatlon that the charity has adequala resources to continuè In operatson81 existance for the foreseeable fubJr•. Thu6 the truste&8 ￿ntInUe to adopt tha going Goncern tsa￿s of 8￿ntIng In preparing the financial stalements. 1.3 Charltablè fund• Unr8slriclgd funds are avallabla fty u80 at the dl8cr•tion of the trustee8 In futhgrance of thelr char6table ob￿CtIV•s. Restricted fund$ aro 8utyect to 8pth corKlrtiorts by dorm 89 to how they may be used. purposes 8nd uses of the rethcted fvnds are 8el out in th8 notss to the finandal stal8merrt8. Endowmant fvnds are 8ubJa¢t to 8peufic c¥)ndrticAB by doThx8 Ihat the ¢awtsl must be maintalned by the tharlty. 1.4 Incom• Income is recognised when the charity is legally entitbj to it after any p8rfonnan¢• condltbn8 have b8en met. the amounts can be measured reliabty. arvj tt is Fthble that income wlll be ro¢¢lv6d. Cash donation8 are r•¢ognised on re￿IpL Ottw donalions are rgcowlsed onts thg charfty ha$ boon notrfied of the donatlon, unlegs perfo￿an(¥ o)ndit*)ns require deferral of the amount. Income tax recoverable in relation to donations r8cewJ under Gift ANJ or de8d8 of coven8nt is recxjgnised al the time of the donation. Legacies are reccon1￿1 on rece*)t or otrffivi5e rf the tharity has bgen nollfied of an imp8ndlng dlslribution. the amount is kn(wHn. and rffeipt is ext*cted. If the amwnt is not known. the18gacy Is treal$d a8 8 contingent asseL FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting pollcies (Contlnu•dl 1.5 Expendlthrg Costs of generatlng funds are rA)sts ineJJrred in attracting voluntary income, and those Incurred In tradlng actwities that raise funds. Charttable activibes and Govemance costs are C08ts incurred on the Prolèct's operations, includlng support ¢XJsts and cx)sts roFating to the govemance of the Project apportioned to tharilable aclivitias. All oxpendlturé is accounted for on the accruals basis and Is allocated to the to which the expenses r8lale. Support costs are allocated btheen the fvnds pro rats lo gross in(x)me. 1.6 Tanglbl& fixgd assets Tangible fixed essels are initially measured at cost and subsequently measU￿d at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so ag to writ8 off the ¢ost or valuation of assats less th8ir residual values over thelr usefvl lives on the following bases.. Leasehold property improv8ments Event gquipmenl coMputs￿ and office equipment Motor vehicles 10% straight line 20QA straight line 20% slrauht Ilne 20% straight Ilne The gain or loss arising on the dlsposal of an astset is detemlned as the dnYerenc8 between the Sale Pr￿eedS and the carrying value of the asset, and is racognlsed in nel incomellexpendtturel for the year. 1.7 Impalrment of flxod assets Al each reporting end dale, the charity reviews the carying 8mounts of its tangible assets to detemiine whether Ihgre is any indication that those assets hav8 suffered an Impaimignl loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to delermlne the extent of the impaiment loss lif any)- 1.8 Cash and cash eouival•nts Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are Shown withln borrowings in CL*rrent liabilities. 1.9 Flnanclal instruments Financial instruments are recognised in the ca)ariVs balance she8t when the charity becomes party to the contractual provisions of th8 instrumenL Fln8n¢ial assets and liabilities are offset. with the net amounts presented In the financial slalgments, when theT8 Is 8 legally errforceable right to sel off the recognised amounts 8nd there Is an intention to setlle on a n8t basis or lo realise the asset and Settle the lla￿.11ty simultaneously. Basle flnanclal ass•ts Basic finandal assets. whlch indude debtors and cash and bank balancgs, are initially measured at transaction price including transaction costs and are subsequently ￿rried at amortised cost using the effective interest method unless the arrangement constitutes a financing transacllon. where the transaction is measured al the pr8sent value of the future recelpts discounted at a market ralg of Int8r8St. Financial assets classified as r8ceivable within one year are not amortised. 10- FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclgs {Contlnued} Bas1¢ fIna￿la1 Ilabilities Basic financial liabilities, including crèditors and bank loans are initially recognised at transadon pic6 unless tho arrangement constitutes a financing transaction, where the d&bt instrument is measured al the present value of tha future payments dI$￿Unted at a market rats of interest. Finan￿al liabilities dassified as payable within one year are nol amortised. Debt Instruments are subsequently carried at amortis8d cos( uslng the effectlve Interest rate method. Trade credltors are ob￿gationS lo pay for goods or servi￿$ that have been acqulred In the ordinary course of opgralions from suppliers. Amounts payable arg classffied as current liabilities rf payment is dug wilhln one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inillalty at IransaGtion pri¢8 and subsaquenlly measured at Amorb'sed cost using the effectTrve interest method. Der•cognitlon of financlal IlabilitiOS Financial liabilities ar8 derecognisad when the charity's contractual oblig8tions expire or are discharg8d or cancelled. 1.10 Taxatlon The Project is cx)nsidefed to pass the tests 8et out in Paragraph 1 Schedule 6 of th6 Finance Act 2010 and therefore il meets the d8firkition of a charitable company for UK corp¢xation tax purposes. A￿ordinglY, th9 Project is potentially exempl from taxats'on in respect of income or capital gains re￿Ived within Categ￿leS covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation ol Chargeable Gains Act 1992. to the extent that such income or gains are 8ppli8d exclustvely to charitsble purpos88. 1.11 Ernployoe benefits Temiination benefrts are r8cognised immedlalely as an 8xpense when the charity is demonstrably committed lo terminate the employmanl of an employee or to provide temination benefits. 1.12 Retlromont benofits Payments to defined eontribulion reliremgnt b8nefft schomes are tharged as an 8xpense as they fall due. 1.13 Leases Rentals payable under operating leases, including any lease Ince￿￿Ve$ received. are charged as an axpenso on a straight liTre basls over th& tem) of the r818vant lease. Crltlcal accpuntlng 88tlmalo8 and ludgements In Ihe application of the charity's accounting poliaes. the trustees are required lo make judgements. estimates and assumptions about the carrying amount of assets and Ilabillties that are not readlly apparent from other sources. The estimates and associated assumptions are based on historFcal experience and other factors thal a￿ considered to b& re￿Vant. Athial results may differ from theso estimates. The eslimales alld underlylng assumptions are reviewed on an ongoing basis. Revisions to accounb'ng estimates are ￿cOgnISed In the period In whith the estimate is revised where th6 revlsion affects only that p8r*)d, or in th8 pariod of the revision and future periods where the revision affects both current and future periods. 11 FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Domtlons and legaci Totsl Unr8$tricted Restricted funds funds Total fund• fund• 2025 2025 2025 2024 2024 2024 Donatlons and glft8 Grants 93,146 93.146 264.245 30,067 30.(￿7 293,017 264.245 293,017 93,146 264.245 357,391 30.067 293.017 323.084 NetSonal Lottery Grnnt Coalfields Regeneration Foundatson Derbyshire Soutgr DCC Derbyshire Vc4unl8ry Action Group Garf￿d Weston Paoples Haalth Tnjst Rural Action 08￿y$hIre Ab8rt Hunl Derbysh1￿ Communlty Foundatlon 29th May 1961 Charitable Trust Feeding Derbyshir8 Natlonal Grtd Harry Bottom Tru81 51,587 51,587 2.lxio 20,000 67.940 5,000 67,940 5,000 4.000 1,0 4,000 1,000 27.IXK) 1.952 27,(M)O 7,390 2,400 7,390 2,400 21.075 21,07S 4,0 2.450 10.000 8.000 750 10.000 1,500 10,563 4.400 1.396 4.000 2,450 10,000 8,000 150 10,000 1,500 10,563 4,400 1.396 BolÉov•r Di•trict Coun#il 18.000 18.000 Awards forAN Beer Harris BCVS Job Club Benefact TN8t Cckop Nalonal Lot- GYO a Befriending National Lot- Cost of Living Future National Lol- CO￿ of LiviNJ Retro National Lot- Minlbus Rethink Mental Heath Wami Spacgs Anton Jurgen Charrtable Trust BCVS Digitsl Connect Bolsover Rotary Club Bolsover SPF- 89 Your Own Boss 4.437 4.437 16.684 16.684 27.806 27,806 45,540 45,540 25.107 31,200 500 1,000 25,107 31,200 500 1.000 12.415 12.415 12- FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatl¢)ns and kgaclos (Contlnu•d) Bolsover Tender Bolsov8r Skills to Thrive 19+ Cash for Kids Derbyshire Cwnty Councll - B￿S0VerAr9a Derbyshire NHS Sexuol Health Dorbyshir8 wa￿ & W8lcomlng Space$ Foundation Derbyshlre (Bolsover cantres) (Church House Furkl) Four Wind¥ Mental He8lth Small Grants fund Nallonal Grld - Emptoyabilty Prolect National Lottery- Bdsover Poverty Buster Project Neighbourly Frfdge Rural Actlon Derbyshlre- Dlgll81 Indu81on The Archer Trust Thè 8ritford Bridge Tru8t Sklplon BuildSng Soclety Charitable Trust 22.500 2,647 2.647 2.500 5.000 3,729 4.946 4,946 20.000 20.000 3.6C 10,OC 10,1N)O 264.245 264.245 293,017 293,017 Cha￿t*bI• •ellvltl•R Unr••trlctedUnrn¥trlct•d Fund8 Funds 2025 2024 Contracts for virtual centros 31,617 41.276 13- FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Othor tradlng aGtivFtles Unrestricted Unrestiicled funds funds 2025 2024 Non-charitable trading activities Fundraising events 6,272 2.984 13.800 1,809 Other tradlng activities 9,256 15,609 Charltablo actlvittes Unr•stricted Restrfcted Funds Funds 2025 2025 TotalUnra8tr1cted Rostrlcted 2025 Funds Funds 2024 2024 Total 2024 Stsff costs Depreciation and impairment Training Freedom events Membership fees Money rnanagemenl and debt support Travelling oxpenses Coach, van and skip hire Office repairs, st2liongry and equipmènt Insurance Other expenses Marketing and adverbsing Intemel Subcontractor costs Rent 60,790 208,846 269.636 68,318 174.332 242.650 1,812 325 2.828 206 8,534 546 100 10,346 871 2,928 206 2,065 3.796 2,912 342 4,237 5,014 1.689 197 6,302 8,810 4,601 539 2.093 275 141 2,048 1,912 740 4,141 2,187 881 6.973 335 3,517 1,381 188 10,490 1,716 8,150 2.250 11,962 114 2.671 18.629 551 12,807 2,777 19.231 86 1.570 20,757 5,027 31,193 200 4,241 18,629 2.569 381 4,101 234 2.727 18,282 1,456 5.400 2,812 22,205 532 871 20,381 10,000 7,809 3,193 26,306 766 3,598 38,663 17,456 6.093 112,797 265,090 377.887 114.491 252,756 367,247 112.797 265,090 377,887 114,491 252,756 367,247 Analysls by fund Uni8strict8d lunds Restricted funds 112.797 112.797 265,090 114,491 114,491 252,756 265,090 252.756 112,797 265.090 377,887 114,491 252,756 367.247 14- FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (coKllNUED) FOR THE YEAR ENDED 31 MARCH 2025 None of the trustees lor any persons connected wrth them) r￿1ved any remunaratsn or benefils from the charlty during the year. Employ￿$ The av6rag8 monthly number of emp4oye8s durfng the year w88: 2025 Number 2024 NuM￿r 12 18 Employm•nt co•ts 2028 2024 Wages and ¥alaries Social securtty costs other pen8lon costs 253,673 12,242 3.721 231,352 8,670 2,628 269,636 242,650 Tanglblo Ilx•d a••ots Tolal propwty •4uWMDt *nd offle• •qulpnwrt Co•t At 1 Apdl 2024 Additions 16.4fMI 3.368 so.￿0 17,133 3,358 30,000 20,000 66,901 73,356 At 31 March 2025 16.4CM) 20,489 so.000 140,257 D•prg¢latlon Impalrn￿n1 At 1 April 2024 Depreciation Charg￿ in the year 8.115 12,th)5 1.373 3.750 7,333 27,238 10.346 At 31 M8rth 2025 9,755 13.378 11,083 37.584 Carrylng amount At 31 March 2025 6,645 SO.￿ 7,111 38.917 102,673 At 31 March 2024 8285 5,128 26.250 39.663 All of the abovg fixed assets are used in furlh8ran(¥ of ￿ Pff4ecfs c*arltabJè aGtsvib¢s. 15- FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Debtors 2025 2024 Amounts folllng due wlthln ono year. Amounts owod by Subsidiary und&lakws Prep8ym8nts and acCn￿d IrKt¥ne 9.000 10,399 3.033 9.000 13.432 11 Lo•n• and ov•rdrnft¥ 2025 2024 Bank loans 32,500 38,000 Payable aftor one y88r 32,500 38,000 12 Cr•dltorn: am