Registe￿d wmter.. 08540717 Charity number. 1152667 Frlends of Hor8path UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 Prepared By: Barnes4Business Limited Chartered Certified Accounlanls 12 Murdock Road Bicester Oxfordshire OX26 4PP Friends of Horspath FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES Sally Humphrey Sheila Frankum Rebecca Brown Raymond Jackson Anna Raddiffe Judith Kent Natalie Oakley John Underwood lappoinled 5 January 2025) REGISTERED OFFICE 27 Butts Road Horspalh Oxford Oxfordshire OX33 1 RJ COMPANY NUMBER 08540717 CHARif( NUMBER 1152667 ACCOUNTANTS Barnes4Bu8iness Limited Chartered Certified Accountants 12 Murdock Road 8icesler Oxfordshire OX26 4PP page 1 Friends of Horspath ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 CONTENTS Page Report of Ihe Trustees Independent Examiners Statement Stslemenl of Financial Activities Balance Sheet Note510 the Accounts 91013 Detailed Statement of Finanoal Activities 12 page 2 Friends of Horspath FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES, REPORT The trustees present their report and accnunls for Ihe year ended 31 May 2025 PRINCIPAL ACTIVITIES The principal activity of the charity in the year under review was purchase, maintenance and hire of a community hall for the benefit of the residents of Horspalh STRUCTURE GOVERNANCE AND MANAGEMENT The Friends of Hor8palh is a registered charity that is organi8ing and running a bulldlng that it pur¢ha5ed lo enh8n¢e and develop the community spirit within this small rural village. The governing document is the Memorandum and Articles of Associailon of th8 limited company which was incorporated on 22 May 2013. All Iruslees were directors during this period of accounts. They ar8 SUPPOrted by management ￿MMIttee. An assessment of major risks has beèn completèd by the trustees and they have determined that the charitable company is not exposed to any major risks. The m8n8gemenl committee is responsible for maintaining the books and records of the charitablè company and lo ensure that SLtfficienl reserves are held and projected lo be held lo ensure that the all future commitments can be mel. The year ended 31 May 2025 repr8S6nted the 618v8nth full year that the ¢harity has owned the building, now known as Horspalh Communlty Hub. The regular classes and clubs continue throughout the year and there are many private meetings, celebrations, and talks that lake place al the Hub during the weekends and evenings. We were abl8 lo follow up the talk by Mensun Bound this year with a talk conceming the support workers set up by Shackleton that had a terrible time when Shackleton did not show up. This was a fascinating account. We wouldn't be able lo organise all of those without our efficient Webmaster, who has made some changes lo make the website more effiaenl and infom181ive especially for those hiring the hall lor their cwn personal events. Our Scarecrow trail was attended again in October not just by villagers, btrt from very many people Ihroughout Oxlordshire who make It 8 f8mily day out during the autumn half term. And we held our Apple Day during this event 50 there was even more for people to join in wth. We have held markets again this year our annual Christma5 event and the spring Produc8 market whiGh always proves popular both wlh those purchasing and those selling. The Village M8g8zine which is run and written by members of The Friènds and goes out every other month lo the whole of the village continues lo keep the village inform8d of all th8 8venls and aclivilie5. We have welcomed a new trustee Mr. John Underdown and fortunalaly as the Age concem are no longer running our Film Club, he has stepped in lo run this monthly event. Unfortunately, in April we learnt the Post Office al Great Milton was going to dose du8 lo the ￿tlEment ol the Post Mistress. This meant that we loo would have lo close. Since then, we have been running a cempaign lo keep our Post Offic£ open which has included a petition that has taken us up to 10 Downing Street and we have had the full sUPPOrt of our MP and Local Councillor. We are still awaiting the decision by the Post Office but we are still hopeful. The Friday Cafe that supported the Post Office has remained open bLrt 811 those that 811end are very upset that they can no longer include business Ihat the Post Office attended too. page 3 Frlends of Horspath FOR THE YEAR ENDED 31 MAY 2025 TRUSTEES, REPORT The report was prepar8d in accordanc8 With the special provlsions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 17 September 2025 Sheila Frankum Trustee page 4 Friends of Horspath INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 MAY 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF HORSPATH I report on the accounts of the company for the year ended 31 May 2025 . RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustee5 {who are also the direclors of the Trjmpany for Ihe purposes of company lawl are responsible for the preparation of the accounts. The Iruslees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject lo an audit undar company law andls eligible for independent examination, il is my responsibility lo.. examine the accounts under section 145 of thé 2011 Act., follow the procedures laid down in the general Directions given by the Charity Commission under se¢lion 14515llbl of the 2011 Act., slate whether particular matters have come to my allenlion. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was carried out in accordance with general Directions given by the Charity Commission. An examination indudes review of th8 accounting records kept by the charity and a comparison of Ihe acGounls presented with those records. It also Indudes consideration of any unusual ilerns or disclosures in the aco)unls, and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit, and consequently no opinion is given as lo whether the accounts pre88nl a "true and fair vievl, and the report is lirniled lo Ihoge matters sel out in th8 slalement below, page 5 Frlends of Horspath INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 MAY 2025 INDEPENDENT EXAMINERS STATEMENT In connedion wth my examination. no matter has ￿me to my attention.. (1) which gives me reasonable cause lo believe that in any material respect the requirements.. - to keep accounting records in accrjrdance with section 386 of the Companies Act 2006., and lo prepare accounts which accord wlh the accounting records. CL)mply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and ReFOrting by Charities have not been met,. or 121 to which, in my opinion, attention should be drawn in order to enable a proper underslandiro of the 8¢0)unts lo be reached Dele. 17 September 2025 Kelvin Barnes FCCA Barnes4Business Limited Chartered Certified Accountants 12 Murdock Road Bicesler Oxfordshire OX26 4PP page 6 Frlends of Horspath Statement of Flnanclal Activlties for the year ended 31 May 2025 2025 2024 Unre8trlcted Restricted funds fundg Total Total Income Income from generated funds Donations and l&gaci88 Incom8 from charitable adivilles Total Incoma and ènd0%4tyn&nt8 Expen8e8 Costs of g&I￿ratIng funds Expenditur8 on Charitable activities Total Expenses Net galns on Investments Net Income 18,119 10,591 28,710 18,119 15,055 10,591 9,524 28,710 24,5T9 13,858 13,858 13,858 13,858 10,221 10,221 14,852 14.852 14.358 Galn8lllosses) on revaluatlon of Ilxed assest* Net movement In fund8: Net In¢ome for the year Total funds brought fO￿ard Net funds carrled for¥vdrd 14,852 275,499 290,351 14.852 14,358 275,499 261, 141 290,351 275,499 This sl8tement of fin8nci81 acliwlie8 includes all gains and losses recognised in the year. All income and expenditur8 derive from continuing activities page 7 Frlends of Horspath BALANCE SHEET AT 31 2025 2025 2024 Note$ FIXED ASSETS Tangible assets 315,637 315,631 CURRENT ASSETS Debtors (amounts falling due wllhin one year> CBsh al bank and in hand 792 10,033 10,825 36,111 838 20,504 21,342 61,480 CREDITORS., Amounts falllng due wlthln one year NET CURRENT LIABILITIES TOTALASSETS LESS CURRENT LIABILITIES 125,286} 290,351 (40, 138) 275,499 CAPITAL AND RESERVES Unrestrlcted fund8 General fund 290,351 290.351 275,499 275,499 For the year ending 31 May 2025 the company was entitled lo exemption under section 477 of the Companies Act 2006 relating lo small companies. The members have not required th8 company lo obtain an audit In a(rordance wilh section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for ￿MplyIng wilh the requirements of the Act with respect lo accounting records and the preparation of a￿Ount8. These 8c£ounts heve been prepered In accordance with the provisions applicable to companies subject to the small ¢omp8nles reglm8, Approved by the board of trustees on 17 September 2025 and slgned on thelr behalf by Sheila Frankum Trustee page 8 Friends of Horspath NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 1. ACCOUNTING POLICIES la. Basls Of Accountlng The accounts have been prepared under the historical cost ￿nVentiC￿. The accounts have been prepared in accordance wilh FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Iieland and the Companies Act 2006 and the requirements of the Slalemenl ol Recommended Practice, Accounting and Reporting by Charities. 1b. Incomlng Resources All incoming r8sources are includ8d on th8 Statement of Financial Activities when the charity is legally enlilled lo the income and the amount can be quantified wth reasonable accuracy. 1c. Resources Expended Expenditu￿ Is 8ttounted for on an a¢cruals basis and has been classified under headings that aggregate all Cost related lo the category. Where costs cannot be directly altribuled to particular heading6 they have been allocated to activities on a basis consistent with the use of resources. 1d. Allocatlon And Apportlonment Of Costs All o)sls relate lo the single activity of the charitable compgny 8nd are re￿gnISed accordingly. le. Fund Accountlng Unrestricted funds can be used in 8¢¢ordance with the charitable objedives at the diSc￿li0n ol the trustees. Restricted fvnd8 can only be used for particular reslrided purposes wIt￿n the objects of the charity. Restrictions arise when sperified by the donor or when knnds are raised for particular reslricled purposes. Designated ￿ndS are ￿ndS set aside by the trustees oul of unreslricled general funds for the 6pe¢ifi¢ future purposes or projects. 11. Oepreclatlon Depreciation has been provided in order to write off the assets OV8r their estimated useful lives. page 9 Friends of Horspath 2. TANGIBLE FIXED ASSETS Land And Flxture8 BulldSngs and Flttlngs Total Cost At 1 June 2024 Al 31 May 2025 Depreclatlon Al 1 June 2024 At 31 May 2025 Net Book Amounts 315,637 315,637 7,646 323.283 323.283 7,646 At 31 May 2025 315.637 At 31 May 2024 315637 The charitable (x)mpany owns Horspalh Melhodisl Chapel. This proFety is used by the charitable company lo hire out to community groups for their use. The property has not been depreuated during the accounting period as the trustees feel that the propety as slated in the accounts at Cost is shown at fair value and the repairs and improvemen18 made lo Ihe property have al least maintained the overall propety value. 315,637 3. DE8TORS 2025 2024 Amounts falling due within one year.. Other debtors 792 792 838 838 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 36,111 36,111 61,480 61,480 page 10 Frlends of Horspath 5. SECURED CREDITORS 2025 2024 Amount of othér creditors which are secured 35,000 60.000 Loans and grants were offered by organis81ions and private individuals to the charitable company and these were used lo purchase the land and property. The remaining loans are secured against the land and property asset. 6. UMITED BY GUARANTEE The company Is limited by guarantee and does not have a share capital. Each memb8r give5 8 gu8r8ntee lo contribute a sum not exceedin9 £1, to the company should it be wound up. Al 31 May 2025 there were 8 members. 7. UNRESTRICTED FUNDS Brought Incomlng Outgolng Transfer3 Carrled lorward resources regources forwa General fund 275,499 275,499 28,709 28,709 113,857) 13,857 2￿.351 29),351 8. TRANSACTIONS WITH DIRECTORS Expense5 Of £258 were reimbursed lo four dIr￿lOrSItIuslees during the ac(x)unling period12024 .' £112 to two directorsltrusleesl. page 11 Friends of Horspath Incoming Resources forthe year ended 31 May 2025 2025 2024 Incomlng resources Incomlng resources from generated funds Donatlon8 Grants Oonations Fundraising 4,811 5,538 7,770 300 6,989 7, 766 18,119 15,055 18,119 15,055 Charltabl8 Actlvlty Hall hire 10,591 9,524 10,591 28,710 9,524 24,579 page 12 Friends of Horspath Expenses for the year ended 31 May 2025 2025 2024 Expenses Costs of generating funds Charltable Actlvitle8 Advertising and promotion Fundraising and event expenses Water rates Heal and light Cleaning Propèty maintenance Professlonal fees Insuran Telephone Subscrlpiions Llcences Rank charges Other interest Sundry expenses 138 1.480 349 1,347 834 6,592 1,142 689 490 128 70 24 60 850 164 1,116 765 4,366 950 660 512 50 TO 525 73 10,221 575 13,858 13.858 10,221 page 13