2025-03-31-accounts - Old Fire Station Stoke Newington CIO

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Registered charity number: 1153643

The Old Fire Station Stoke Newington CIO

Annual report and financial statements For the year ended 31 March 2025

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The Old Fire Staton Stoke Newington CIO

Annual report and fnancial statements For the year ended 31 March 2025

Contents
	Page
Reference and administraton informaton	2
Trustees’ Report	3 - 9
Independent Examiner’s Report	10
Statement of Financial Actvites	11
Balance Sheet	12
Notes to the Financial Statements	13-24

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The Old Fire Staton Stoke Newington CIO

Reference and administratve informaton

Charity number

1153643

Trustees

Trustees who served during the year and up to the date of this report were as follows:

Matthew Francis Sam Vaughan Jones Simrun Kaur- Rathore Natalie May Silk Jason Coleman Kailong Alexander Liu Julie Brown

Senior Management

Liz Frazer - Director

Brenda Collette Bedson – Building manager

Registered Ofce

The Old Fire Station, 61 Leswin Road, Stoke Newington, London, N16 7NX

Bankers

HSBC PLC, 1-3 Bishopsgate, EC2N 3AQ, London

Independent Examiner

Kate Adderley CA

Third Sector Accountancy Limited, Holyoake House, Hanover Street, Manchester M60 0AS

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Introducton

The Trustees present their Annual Report and the unaudited Financial Statements for the year ended 31 March 2025. The report has been prepared in accordance with the CIO’s constitution, the Charities Act 2011 and the Charities SORP (FRS 102). It reflects a year of operational strengthening, governance development and strategic progress as the organisation prepared for the next phase of its long-term capital redevelopment plans.

Objectves and Actvites

As set out in its constitution, Old Fire Station Stoke Newington CIO (OFS) exists:

to benefit the residents of Stoke Newington and its environs by providing and maintaining affordable spaces for voluntary sector organisations, social enterprises, charitable bodies, creative and cultural groups, community practitioners and individuals whose work promotes local wellbeing;
to support activities that advance education, health, skills development, arts and culture, environmental benefit, social cohesion, poverty relief and recreation;
to use the building as a community resource, making space available for those demonstrably in need within Hackney.

These objects continued to guide every aspect of the charity’s work during the year, particularly as OFS prepared to deepen its community impact through heritage, cultural and collaborative projects.

Achievements and Performance

1. Building and Infrastructure

A major milestone was the completion, by the end of 2023, of the London Borough of Hackney’s (LBH) structural repairs to the Old Fire Station building, delivering a water-tight, safer and more usable community asset. This work, long advocated for by the Board, now provides a stable foundation for future expansion of lettable space, and improved accessibility.

Alongside these capital improvements, OFS continued to progress renewable and energyefficiency initiatives:

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Successful grant awards totalling £40,629 were secured from the Hackney Community Energy Fund and Hackney Affordable Workspace for LED lighting, a Building Management System and solar PV installation. These works were project-managed with support from external specialists and the Building Manager, with additional areas for future renewal identified including radiator flushing, Hydromix and heat-loss mitigation.

The year also saw intensive work to improve general building management systems, including Fire Risk Assessment planning, health and safety policy updates and preparations for enhanced compliance infrastructure.

2. Strategic Development: Towards a 25-Year Lease and Capital Programme

The Trustees, Director and consultant team continued to work closely with LBH to progress the preparatory stages required for a 25-year lease , a prerequisite for major capital fundraising. Work this year included:

advancing negotiations on programme milestones, planning conditions and building usage strategies;
securing planning consent for the lift and other accessibility-enhancing elements (approved in May 2025);
demonstrating community benefit and alignment with equalities legislation during planning discussions;
sustaining constructive liaison with LBH officers, who explicitly noted the positive operational changes at OFS during meetings in early 2024 and 2025.

This formed the strategic bedrock for the next phase of development work.

3. Governance Strengthening

2023/24 was a year of deliberate and far-reaching governance improvement, guided by the Trustee Acton Plan introduction of a and a renewed focus on organisational resilience.

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Key achievements included:

Skills Audit and Diversity Audit of the Board, completed and reviewed at the Extraordinary Board meeting in September 2024, informing a targeted recruitment plan for new trustees with expertise in HR, legal, finance and community engagement.
Adopton of updated policies , including Finance Procedures, Health & Safety, EDI and Safeguarding, with named Trustee Champions appointed for EDI and Safeguarding roles.
Development of a delegated authority framework , formalised by the Board in March 2024, to provide clearer operational boundaries between Trustees, the Director and staff
Improved board informaton fows , revised agenda structures and an increased focus on strategic discussion.
Strengthening risk management : work commenced on a new Operational and Strategic Risk Register, jointly led by the Treasurer and Director, with templates prepared and Board oversight scheduled for 2024/25
New Director appointment : Liz Frazer joined OFS in November 2023 on a fixed 2-year contract, funded out of reserves, bringing leadership for fundraising, governance, community engagement and organisational development.

These changes significantly enhanced OFS’s readiness for its forthcoming capital and programme expansion.

4. Community Engagement & Heritage Development

The Looking Out Project , led by Trustee Natalie Silk and backed by Historic England funding (received late 2023/24 and carried into 2024/25), emerged as a transformative strand of OFS’s work. Throughout the year the project delivered:

creative workshops, oral history interviews, and heritage research;
community celebration events, with Trustees actively involved;
strengthened local partnerships;
new digital engagement, including revitalised social media activity;

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

an expanded narrative of the building’s history and community value, which will play a central role in future National Lottery Heritage Fund bids.

The project has been widely recognised by Trustees as a major contributor to OFS’s long-term vision, mission and funding strategy

5. Tenant and Hirer Community

OFS experienced positive change in its user community during the year:

A number of new creative practitioners, designers, artists and photographers took up licences on the first and second floors, with all new occupants required to provide voluntary hours supporting OFS or the wider community.
A group of therapists specialising in LGBTQ+ wellbeing also joined as new licensees, contributing to OFS’s commitment to inclusive community support .
Jamboulay and Hackney Children’s Theatre relocated within the building, freeing up space for new uses and enabling improved workspace planning.

These developments diversify OFS’s user base and enhance its social value.

6. Stafng and Operatons

The year saw improvements in operational resilience and organisational capacity:

A new part-time director post was created and Liz Fraser was appointed (November 2023).
A temporary administrator was approved to support operational backlog, recruitment and project delivery.
Staff objectives were introduced in line with the new Staff Handbook.
IT systems were overhauled, including adoption of new email domains, shared drives, and preparations for a future website overhaul.

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Financial systems were strengthened through the planned transition from QuickBooks to Xero and improved bank arrangements, including the opening of two Unity Trust Bank accounts for operational use and reserve management

7. Public Beneft

The Trustees confirm that they have complied with the Charity Commission’s guidance on public benefit when planning activities. OFS delivers public benefit by:

providing affordable community space for charitable, cultural, social and wellbeing activities;
supporting creative and community practitioners who offer accessible services;
engaging local residents in heritage, arts and community-building initiatives;
hosting emergency responses where required (e.g., evacuation support during the Stoke Newington building collapse in early 2023/24, as noted in last year’s report);
prioritising inclusion, accessibility and community cohesion in all developmental work.

8. Financial Review

The Statement of Financial Activities for the year shows:

Total income: £134,747 (2024: £110,767)
Total expenditure: £172,543 (2024: £129,247)
Net defcit: £37,796 (2024: £18,840)
Year-end net assets: £104,116 (2024: £141,912)

Income increased from lettings and room hire but fell overall due to the absence of last year’s major Architectural Heritage Fund grant. Expenditure reduced significantly as restricted-fund project activity declined following the prior year’s feasibility phase.

Cash reserves remained stable, supported by careful cost management, improved tenant occupancy and proactive financial oversight by the Finance Working Group.

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

9. Reserves Policy

At 31 March 2025, unrestricted reserves (excluding tangible fixed assets) were £46,039 , exceeding the charity’s minimum reserves equivalent to four and six months’ operational costs (£40,000 and £60,000). The Trustees consider this level prudent given the scale of organisational change, forthcoming capital fundraising, and sector volatility.

10. Principal Risks and Uncertaintes

Key risks considered by the Trustees this year included:

Financial sustainability during a transition year and prior to securing large capital grants.
Dependence on historic systems , addressed through IT, banking and accounting improvements.
Capacity and governance risks , mitigated through policy updates, Board skills strengthening and the introduction of a clearer delegated authority framework.
Building-related risks , managed through completion of LBH structural repairs, enhanced safety planning and forthcoming fire risk assessment updates.
Fundraising dependency , managed through diversification of bids, engagement with specialist fundraisers, and detailed planning for National Lottery Heritage Fund and other major funders.

The updated Risk Register, in development jointly by the Treasurer and Director, will strengthen ongoing risk assurance.

11. Structure, Governance and Management

OFS is a Charitable Incorporated Organisation governed by its 2013 constitution.

Board of Trustees

During the year, the Board comprised:

Julie Brown – Chair

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OLD FIRE STATION STOKE NEWINGTON CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Kailong Liu
Mairin Power (resigned 9 May 2024)
Jason Coleman
Natalie May Silk
Matthew Francis – Treasurer
Sam Vaughan-Jones
Simrun Kaur Rathore

The Trustees give their time freely and received no remuneration.

Key Management Personnel

Director – Liz Fraser
Building Manager – Brenda Collete Bedson

The Trustees delegate day-to-day management to the Director and Building Manager, within an agreed scheme of delegation.

Trustee Recruitment and Training

The charity recruits new trustees from the local community through open and targeted outreach, followed by a structured selection process that includes interviews, due diligence and formal appointment by the Board to ensure an appropriate balance of skills, experience and local insight. Training is aligned to the Trustee Action Plan, with emphasis on governance, risk and strategic planning.

The trustees’ annual report has been approved by the trustees on 30 / 01 / 2026 and signed on their behalf by

Julie Brown - Chair

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Independent examiner’s report to the trustees for the year ended 31 March 2025

I report on the accounts of the Old Fire Station Stoke Newington CIO for the year ended 31 March 2025 set out on pages 13 to 24.

Respectve responsibilites of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 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 statement below.

Other maters

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Kate Adderley CA

Third Sector Accountancy Limited Holyoake House, Hanover Street, Manchester, M60 0AS

30 / 01 / 2026

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Old Fire Station Stoke Newington CIO

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2025

Unrestricted funds Note £ Income from: Donatons and legacies 3 641 Charitable actvites 4 88,827 Investments 5 - Total income 89,468 Expenditure on: Raising funds 6 3,400 Charitable actvites 7 156,979 Total expenditure 160,379 Net income/(expenditure) for the year 8 (70,911) Transfer between funds 32,890 Net movement in funds for the year (38,021) Reconciliaton of funds Total funds brought forward 138,912 Total funds carried forward 100,891	Restricted funds £ 40,629 4,650 - 45,279 - 12,163 12,163 33,116 (32,890) 226 3,000 3,226	Total funds 2025 £ 41,270 93,477 - 134,747 3,400 169,142 172,542 (37,795) - (37,795) 141,912 104,117	Unrestricted funds £ - 107,756 11 107,767 - 129,247 129,247 (21,480) - (21,480) 160,392 138,912	Restated Restricted funds £ - 3,000 - 3,000 - - - 3,000 - 3,000 - 3,000	Restated Total funds 2024 £ - 110,756 11
					110,767
					- 129,247
					129,247
					(18,480) -
					(18,480) 160,392
					141,912

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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Old Fire Station Stoke Newington CIO Charity number 1153643

Balance sheet as at 31 March 2025

								Restated
	Note		2025				2024
		£		£		£		£
Fixed assets
Tangible assets	13			54,852				28,627
Total fixed assets				54,852				28,627
Current assets
Debtors	14	12,281				19,298
Cash at bank and in hand	15	54,112				113,236
Total current assets		66,393				132,534
Liabilities
Creditors: amounts falling
due in less than one year	16	(17,128)				(19,249)
Net current assets				49,265				113,285
Total assets less current liabilities				104,117				141,912
Net assets				104,117				141,912
The funds of the charity:
Restricted income funds	17				3,226			3,000
Unrestricted income funds	17			100,891				138,912
Total charity funds				104,117				141,912

For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011. The Charity Commission has not ordered an audit to be carried out under Section 146 of Charities Act 2011.

The notes on pages 13 to 24 form part of these accounts.

30 / 01 / 2026 Approved by the trustees on and signed on their behalf by:

Julie Brown (Chair)

Matthew Francis (Treasurer)

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025

1 Accountng policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparaton

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

b Preparaton of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from charitable activities include income recognised as earned (as the related goods and services are provided) under contract.

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

d Donated services and facilites

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accountng

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Expenditure on charitable activities include expenditure associated with the main objectives of the Charity and include both directs costs and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the Charity’s activities.

h Operatng leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

i Tangible fxed assets

Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Leasehold building 10% Office fixtures and equipment 20%

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2 Legal status of the charity

The charity is a Charitable Incorporated Organisation registered in England and Wales and has no share capital. The registered office address is disclosed on page 1.

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

3 Income from donatons and legacies Grant income Donatons Total 4 Income from charitable actvites Rental income Room hire Grant income Services Other Total	Unrestricted £ - 641 641 Unrestricted £ 43,028 42,142 - 3,271 386 88,827	Restricted £ 40,629 - 40,629 Restricted £ - - 4,650 - - 4,650	Total 2025 £ 40,629 641 41,270 Total 2025 £ 43,028 42,142 4,650 3,271 386 93,477	Unrestricted £ - - - Unrestricted £ 68,409 38,052 - 955 340 107,756	Restricted £ - - - Restricted £ - - 3,000 - - 3,000	Restated Total 2024 £ - -
						-
						Total 2024 £ 68,409 38,052 3,000 955 340
						110,756

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

5 Investment income Income from bank deposits	Unrestricted £ - -	Restricted £ - -	Total 2025 £ - -	Unrestricted £ 11 11	Restricted £ - -	Total 2024 £ 11
						11

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Notes to the accounts for the year ended 31 March 2025 (continued)

6 Analysis of expenditure on raising funds

Staf costs Consultancy 7 Analysis of expenditure on charitable actvites Staf costs Freelance staf Premises Events Project costs Depreciaton Administraton Consultancy Legal and professional fees Accountancy Sundry Independent examiner's fee Restricted expenditure Unrestricted expenditure 8 Net income/(expenditure) for the year This is stated afer charging/(creditng): Depreciaton Accountancy fees Independent examiner's fee	2025 £ 400 3,000 3,400 2025 £ 79,967 5,918 45,644 96 5,538 6,664 6,406 9,210 5,058 1,920 2,361 360 169,142 12,163 156,979 169,142 2025 £ 6,237 1,920 360	2024 £ - -
		-
		2024 £ 56,958 - 48,006 - - 6,237 5,329 11,199 - 1,518
		129,247
		- 129,247
		129,247
		2024 £ 6,237 - 1,518

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

9 Staf costs

Staff costs during the year were as follows:

f costs during the year were as follows:
Wages and salaries Social security costs Pension costs	2025 £ 78,080 40 2,247 80,367	2024 £ 55,590 - 1,368
		56,958

No employees has employee benefits in excess of £60,000 (2024: Nil).

The average number of staff employed during the period was 5 (2024: 5).

The average full time equivalent number of staff employed during the period was 3.25 (2024: 2.25).

The key management personnel of the charity comprise the Building manager. The total employee benefits of the key management personnel of the charity were £28,518 (2024: £26,628).

10 Trustee remuneraton and expenses, and related party transactons

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2024: Nil). In aggregate, trustees received £348 for reimbursed expenses during the year (2024: Nil).

During the year the charity received rental income at a normal commercial rate from an organisation where a charity trustee is a director (2024: nil).

Aside from the above, no trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).

11 Government grants

The government grants recognised in the accounts were as follows:

London Borough of Hackney	2025 £ 40,629 40,629	2024 £ -
		-

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

12 Corporaton tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

13 Fixed assets: tangible assets

Fixed assets: tangible assets
Cost At 1 April 2024 Additons At 31 March 2025 Depreciaton At 1 April 2024 Charge for the year Disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Debtors Trade debtors Other debtors	Land & buildings £ 34,144 32,890 67,034 11,165 3,841 - 15,006 52,028 22,979 2025 £ 11,698 583 12,281	Fixtures & ftngs £ 14,117 - 14,117 8,469 2,824 - 11,293 2,824 5,648 2024 £ 19,298 - 19,298	Total £ 48,261 32,890
			81,151
			19,634 6,665 -
			26,299
			54,852
			28,627

14 Debtors

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

15 Cash at bank and in hand

h at bank and in hand
Cash at bank and on hand	2025 £ 54,112 54,112	2024 £ 113,236
		113,236

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Deposits Trade creditors Accruals and deferred income Taxaton and social security costs Pension control	2025 £ 1,632 10,480 3,137 1,879 - 17,128	Restated 2024 £ 1,632 11,825 4,398 155 1,239
		19,249

17 Analysis of movements in restricted funds

Looking Out Project Total Comparative period Looking Out Project Total Community Energy project	£ 3,000 - 3,000 £ - - Balance at 1 April 2024 Balance at 1 April 2023	Income £ 4,650 40,629 45,279 Restated Income £ 3,000 3,000	Expenditure £ (8,538) (3,625) (12,163) Expenditure £ - -	Transfers £ - (32,890) (32,890) Restated Transfers £ - -	£ (888) 4,114 Balance at 31 March 2025
					3,226
					£ 3,000 Balance at 31 March 2024
					3,000

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

16 Analysis of movements in restricted funds (contnued)

Name of restricted fund

Descripton, nature and purposes of the fund

Project archive, research and capture histories relating to the role that the Old Looking Out Project Fire Station has played over the history of the building on the community of Stoke Newington, funded by Historic England.

Community Energy The installation of solar panels on the roof of the building and other energy project efficiency measures, funded by the London Borough of Hackney

Transfers out of restricted funds represent the use of funds for the renovation of fixed assets. These are transferred into a designated fund.

17 Analysis of movement in unrestricted funds

General fund Designated fund Comparative period General fund Designated fund	£ 138,912 - 138,912 £ 95,392 65,000 160,392 Balance at 1 April 2024 Balance at 1 April 2023	Income £ 89,468 - 89,468 Income £ 107,767 - 107,767	Expenditure £ (160,379) - (160,379) Expenditure £ (129,247) - (129,247)	Transfers £ (21,962) 54,852 32,890 Transfers £ 65,000 (65,000) -	£ 46,039 54,852 As at 31 March 2025
					100,891
					£ 138,912 - As at 31 March 2024
					138,912

Name of unrestricted fund

Descripton, nature and purposes of the fund

General fund The free reserves after allowing for all designated funds The Old Fire Station Stoke Newington: The fixed assets are essential for the Designated fund future operation of the charity and so are excluded from free reserves.

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Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

18 Analysis of net assets between funds

Tangible fxed assets Net current assets/(liabilites) Total Comparatve period Tangible fixed assets Net current assets/(liabilities) Total	General fund £ 54,852 (8,813) 46,039 General fund £ 28,627 226 28,853	Designated funds £ - 54,852 54,852 Designated funds £ - - -	Restricted funds £ - 3,226 3,226 Restricted funds £ - 3,000 3,000	Total 2025 £ 54,852 49,265
				104,117
				Total 2024 £ 28,627 3,226
				31,853

19 Operatng lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year One to fve years	Property 2025 2024 £ £ 12,000 12,000 21,000 33,000 33,000 45,000	Property 2025 2024 £ £ 12,000 12,000 21,000 33,000 33,000 45,000
		45,000

Doc ID: 4f8b12b43999b069743b957836b3e1244df5dc52

Old Fire Station Stoke Newington CIO

Notes to the accounts for the year ended 31 March 2025 (continued)

20 Prior period adjustment

In the prior year, £3,000 grant income received was deferred in error. A prior period adjustment has been made to recognise the income as received in that period.

Prior period adjustment Total funds brought forward at 31 March 2024 as previously stated Total funds brought forward at 31 March 2024 as restated	£ 138,912 3,000
	141,912

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