Charitable Incorporated Organisation Registered number: 1155896 THE ALDEBURGH JUBILEE HALL CIO REPORT AND ACCOUNTS 31 MARCH 2025
THE ALDEBURGH JUBILEE HALL CIO CONTENTS Pages Legal and Administrative Inforniation Chair's and Trustees, Report Independent Examiner's report Statement of Financial Activities Balance Sheet Cash Flow Siatement io Notes to the Accounts 11-15
THE ALDEBURGH JUBILEE HALL CIO LEGAL AND ADMINISTRATIVE INFORMATION Constitution The Aldeburgh Jubilee Hall CIO is constituted as a Cliaritable Incorporated Organisation {ClO) Registered number I 155896 Name The Aldeburgh Jubilee Hall CIO Working name The Aldeburgh Jubilee Hall Principal address Crabbe Street Aldeburgh Suffolk IP15 5BN Trustees Ann Barkway (Chair) Richard Chaplin FCA Simon Dow CBE H¢nriella Hope Nigel Howcutt Emma Lloyd His Honour David Mackie CBE, KC Stephen Saltaire Bankers Barclays Bank PLC The Suffolk Building Society The Charity Bank Limited Independent examiner Chapel Road Accounting Services Limited Carlton Park House Carlton Park Ind. Estale Saxmundham Suffolk IP17 2NL
THE ALDEBURGH JUBILEE HALL CIO TRUSTEES, REPORT YEAR ENDED 31 MARCH 2025 Trustees, report The trustees present their statutory report together with the accounts of The Aldeburgh Jubilee Hall CIO ("the CIO") for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out on pages I l and 12 of the attached accounts and comply with the CIO'S constitution, applicable laws, the requirements of the Charities Act 2011 and the Charities SORP (FRS 102). Chair's report l am pleased to Present Ilie Cliair's Repon for Aldeburgh Jubilee Hall for 2024-25, a year marked by significant progress, renewal and continued dedication to serving our community. Our programme has once again showcas¢d a broad range of events across all genres, appealing to audiences of all ages and interests. From music and theatre to spoken word. comedy, and communily activities, our aim has been to offer something for everyone. As across the wider arts sector, audience numbers have varied; some events have sold out quickly while others have proved more challenging. This volatility reflects the ongoing pressures within the industry, but it has also reinforced the importance of thoughtful programming and close engagement with our audiences. A major highlight of the year was the capital development project undertaken in Autumn 2024. The refurbishment of our entrance, foyer, and bar area has transfonned the experience of visiting the Hall. The response from audience members and visilors has been ovenvhelmingly positive, and we have already seen a noticeable uplifi in ticket sales and first-lime attendees. This project lias given the building a new energy and has strengthened the Hall's role as a welcoming, modern, and accessible cultural hub. Our staffing has also seen important developments. In January 2025 we welcomed our new Hall Manager, Emily Mummery, whose energy, professionalism, and commitment have had an immediate and profound impact. Emily works four days a week and her leadersliip has enabled me to step back from day-to-day operations and focus fully on my responsibilities as Chair. In September 2025 we were delighted to appoint Devi Singh as Assistant Manager. Devi lias already proved to be an invaluable member of the team. It is hard lo imagine how we managed without them both. Financially, we remain stable, supported in part by legacy donations, including a significant bequest from a local supporter, for which we are deeply grateful. However, fundraising continues to be essential. We are actively pursuing opportunities to build our reserves and ensure lon&-tern] resilience. As ever, the support of our volunteers, trustees, staff and the local community has been vital. Their coinmitment sustains us and ensures that Aldeburgh Jubilee Hall reinains at the heart of community life. With renewed spaces, strengthened staff capacity, and a clear focus on the futVTe, we look ahead with optimism and purpose.
THE ALDEBURGH JUBILEE HALL CIO TRUSTEES, REPORT (continued) YEAR ENDED 31 MARCH 2025 Structureg governance and management Constitutiun and objects The Aldeburgh Jubilee Hall CIO - Charity Registration No. 1155896 - was established under a 'Foundalion' model constitution dated 3 December 2013 and was regislered with the Charity Commission on 21 February 2014. The CIO took over the affairs of The AldebuTgh Jubilee Hall, a trust established on 9 November 1887 and operated by a committee of management- Charity Regislration No. 209482. The charitable objects of the CIO are tlie provision and maintenance of the Aldeburgh Jubile¢ Hall ('tthe Hall") for the use of the inhabitanls of and visilors to Aldeburgh. OYgapTisation The trustees are appointed by resolution of the existing trustees in accordance with the conslitution. The trustees who served during the year or subsequently resigned/appoinl¢d were: Ann Barkway Richard Chaplin Simon Dow Henrietta Hope (appointed 22 April 2024) Nigel Howcutt Emma Lloyd David Mackie Stephen Saltaire (appointed 22 July 2024) On appointment, truslees receive an induction pack which includes the latest annual report and accounls of the CIO, ils constitution. Ihe CIO'S written policies, minutes of recent meetings of the trustees and the Charity Commission guidance on charity law and regulation. Meetings of trustees nornially take place quarterly. Tli¢ CIO has four part-time staff members including freelance support, who carry out the day-to-day operation of the Hall, and utilises the services of several volunteers, including ihe trustees. Tlie CIO has written policies covering healili and safety, children and vulnerable adults, equal opportunities, conflicls of inlerest, financial regulations and procedur¢s. data protection and maintenance. The Safeguarding Policy for Cliildren and Adults ai Risk of Harn] covers tlie procedures and responsibilities that The Aldeburgh Jubilee Flall will follow to ensure the safety and protection of all vulnerable individuals wlio engage with our services. All the policies are regularly r¢viewed. The Board of Trustees are supported by a Finance & General Purposes Committee to provide additional scrutiny of financial information and to aid risk mitigation.
THE ALDEBURGH JUBILEE HALL CIO TRUSTEES, REPORT (contlnued) YEAR ENDED 31 MARCH 2025 Statement of trustees, responsibilities The trustees are responsible for preparing tlie annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the trustees to prepare accounts for each financial year whicli give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period. In prq)aring the accounts, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Statement of Recommended Practice (Accounting and Reporting by Charities) (the Charities SORP); make judgments and estiinates that are reasonable and prudent. state whether applicable United Kingdom Accounting Standards have been followed, subject to any departures being disclosed and explained in the accounts; prepare the accounts on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records whicli disclose with reasonable accuracy at any time the financial position of the CIO and which enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding Ihe assets of the CIO and henc¢ taking reasonable steps for the prevention and detection of fraud and other irregularities. Risk management The trustees have establislied a process for identifying the major operational and financial risks to which tlie CIO is exposed and review these risks on a regular basis. The CIO'S primary objective is to make the Hall available for a wide variety of events and to maintain and improve the Hall's facilities. The principal risks are connected with the operation of tlie Hall and tlie financial and reputational consequences of the activities. The trustees ar¢ satisfied that systems have been established and are functioning to initigale and manage these risks. The CIO has taken out insurance in respect of those risks for which cover is available. The types of cover and the limits of liability for each are reviewed annually upon renewal. The Finance and General Purposes Committee of the CIO meet quarterly to review the financial position of the charity, with frequent dialogue between meetings. Activities The CIO meets ils objectives by making the Hall available to Ihe local community for a wide range of cultural and educational events and by mainlaining the Hall's facilities so that the events can be carried out in an effective and safe environment. When considering the aims and activities of the CIO. the trustees have had regard to the Charity Commission's general guidance on tlie provision of public benefit together with relevant specific guidance.
THE ALDEBURGH JUBILEE HALL CIO TRUSTEES, REPORT (continued) YEAR ENDED 31 MARCH 2025 Achievements? performance and financial reviem, The Charity embarked on a major refurbishmenl of th¢ Hall in September 2024. This included necessary repairs and mainl¢nance to tlie building and improvemenls lo the entrance, lobby, bar and kitchen. The aim being to make tlie Hall a more welcoming and adaptable space. The work was completed on larget and within budget. The Hall was fully operational by January 2025 wilh minimal disruption in the inlervening period. The total cost of the refurbishment work was £184,503 and was met from designated funds, thanks to the generosity of legacies received. There was a small impact on box office and hire income while the work was undertaken. There was a net deficit of £16,657 on unrestricted funds, offsei by utilisin¥ restricted funds provided for communiiy events and programming and also £9,000 from designated funds to cover the remaining deficit. The Hall continues to programme a wide range of events for the benefit of the community of Aldeburgh and the local area. The Hall welcomes hirers of the facility as well organising and managing events itself. ReseeS policy The policy of the Irusl¢¢s is to retain for the time being free deposits of at least six months. nonnal operational costs. Going concern The trustees consider that the CIO has adequate financial resources and is well placed to manage its business risks. The planning process of the CIO, including financial projections, has taken into consideration the economic and financial environment in which ihe CIO operates and its impact on the sources of income and planned expenditure of the CIO. The Irustees believe that there are no material uncertainties that call into doubt the CIO'S ability lo conlinue. The accounts have therefore been prepared on the basis that the CIO is a going concern. FinancialpoJition The balance sheet at 31 March 2025 shows total funds of £282,554, of which £225,486 are designaied and £9,693 are restri¢t¢d. The CIO had at the year-end £278,652 of liquidity in the forni of net current assets which is in excess of six months, nonnal operational costs. However, the intention is to keep the designated funds in place to support a refurbishment programme. liive.stmentpolicy The inveslmenl policy of the CIO is lo safeguard the ndS of the CIO by making secure investments to generate the best return possible from these funds consistent with the balance between maximisin&y retum and ininimising risk. During the year ended 31 March 2025 no investmenls were held other than bank and building society deposits.
THE ALDEBURGH JUBILEE HALL CIO TRUSTEES, REPORT (continued) YEAR ENDED 31 MARCH 2025 Futureplans The CIO will continue to meet its objectives by managing the Hall and improving and maintaining its facilities, as well as offering further events and shows for tli¢ community and public benefit across the spectrum of a wide audience. The Hall is open to all. The legacies received in the previous and Current years will enable the programme of maintenance, refurbishment and improvement to continue. Planning for this work has commenced since the year end, involving discussions with the local planning authority. The legacies alone will not cover the costs involved and grant funding is being sought to enhance the funds available. Grants, donations and sponsorship will also be needed lo support the nonnal running costs of the hall. in order to provide a rich variety of events for residents and visitors, both within Aldeburgh itself and also the immediate surrounding areas. The Chair, Ann Barkway, conlinued to fjll the role of Hall manager on an interim basis. During the year a General Manager was appointed allowing Ann to step down from tlie manager role. We are indebted to Ann for stq)ping in during an emergency period. Subsequent lo the year end an assistant manager has also been appointed to further enhance the resources. Related parties No trustee receives any remuneration or other benefit from their work with the CIO as a trustee. The related party transactions are set out in note 3 to the accounts. An arni's length basis is applied and no net cost arises to the Hall. The Chair took on certain duties as manager of the Hall following Ihe sudden and tragic death of the manager in the year ended 31 March 2023, as previously reported. This was an interim position and the trustees very much welcomed the help of the Chair at a level of cost no higher than the previous incumbent which was considered to be below market rate. The Chair look no part in agreeing or voting on these arrangements. As recorded above Ihe tSleeS have recruited a General Manager to fulfil this role with effect from l January 2025. Approved by the trustees on 26 January 2026 and signed on their behalf by David Mackie CBE, KC Trustee Richard Chaplin FCA Trustee
THE ALDEBURGH JUBILEE HALL CIO INDEPE,DENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2025 Independent exan)iner's report to the trustees of The Aldeburgh Jubilee Hall CIO (64the Charity") report on the accounts of the Charity for the year ended 31 March 2025, which are set out on pages 8 to 15. Respective responsibilities of trustees and examiner The Cliarity's trustees are responsible for the preparation of the accounts. The Charily's trustees consider that an audit is not required for this year under section 144(2) of the Charities Aci 2011 (the 201 l Act) and that an independent examination is needed. It is my responsibilily to: l) examine the accounts under seclion 145 of the 2011 Act; 2) follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b} of the 2011 Act; and 3) to stale wheiher particular matlers have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of ihe accounting records kept by the Charity and a comparison of the accounts presented with ihose records. It also includes consideration of any unusual items OT disclosures in the accounts. and seeking explanations from you as the trustees concerning any such matters. The procedures undertaken do not provide all tlie evidence that would be required in an audit. and consequentky no opinion is given as to whether the accounts present a 'true and fair view and tlie repon is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come lo my attention.. l) which gives me reasonable cause to believe tliat in any material respect, Ihe requirements: to keep accounling records in accordance with section 130 of the 201 l Act. and lo prepare accounts which accord with the accounling records and comply with the accounting requirements of the 201 l Act have not been met. or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Rebecca Brock FMAATIACCA Cliapel Road Accounting Services Ltd Carlton Park House Saxmundliain IP17 2NL Dale 26 January 2026
THE ALDEBURGH JUBILEE HALL CIO STATEMENT OF FINANCIAL ACTJVITIES YEAR ENDED 31 MARCH 2025 Note Restricted Designated Unrestricted Tot41 2024 Incoming resources Grants. sponsors and donations Sales of merchandise Hall hire. box office, bar Interest receivable Other income Total 10,899 146,625 27,183 80 184,707 80 34,782 32 103,993 9,633 1.690 142,579 103,993 9,633 1,690 300,103 107,807 2.464 1.150 146,235 10,899 146,625 Resources expended Co$15 ofgeneralikigfuiid.Y Payroll costs Repairs, maintenance Events, box office, bar Donations 46,024 5,218 59,322 46,024 5,218 60,822 44,786 9.859 1,500 61,096 1,500 110,S64 Support co.gts Services Depreciation Insurance Refurbishment work Publicity and IT 112,064 115,741 3.022 22,712 2,494 3,964 25,734 2,494 3,964 184,503 23,112 239,807 27,295 2,813 3,453 14,323 13.890 61,774 184,503 5,111 189,614 516 17,485 46,655 3,538 Goven7ance cosls Examiner and legal Payroll preparation Licences, subscriptions 350 .379 1,288 2,017 350 (160) 422 379 1,288 2,017 1,399 1,661 Total 5,038 189,614 159,236 353,888 179.176 Net incoming resources Total funds brought fonvard Transfers 5,861 11,732 (7,900) (42,989) 277,475 (9,000) (16,657) 47,13? 16,900 {53,785) 336,339 {32,941) 369,280 Total carried forward 9,693 225,486 The notes on pages I I to 15 forn] part of these financial statements. 47075 282,554 336,339 Net incoining resources and the nel movement in funds r¢late solely to aclivili¢s from continuing operations. There have been no gains and losses other than those ,shown above and therefore no ,8eparale statement of total gains and losses has been prepared.
THE ALDEBURGH JUBILEE HALL CIO BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 Fixed Assels Tangible Assets 3,902 2,164 Current Assels Stock 1,100 6,357 280 861 450 Debtors Cash at bank and deposits 7,646 333 499 341,595 288,318 Current Liabilitie. Creditors falling due within one year {9,666) (7,420) Net Current Assets 278 652 2825L4 J.36 339 334 175 Total Assets less Current Liabilities Represenled by: Accumulated restricted funds Accumulated designated funds Unrestricted funds Total funds 9,693 225,486 11.732 277,475 Approved by the trustees on 26 January 2026 and signed on their behalf by: David Mackie CBE, KC Richard Chaplin FCA The notes on pages I I to 15 fonn part of these financial slatements.
THE ALDEBURGH JUBILEE HALL CIO CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities (52,638) (36,132) Change in cash and cash equivalents in the reporting period (52.638) (36,132) Cash and cash equivalents at the beginning of the reporting period 333,499 369.631 Cash and cash equivalents at the end of the reporting period 280,861 333,499 Reconciliation of cash flows from operating activities Net income/{expenditure) for the reporting period Depreciation Decrease/(increase) in debtors and stock (D¢crease)lincrease in creditors (Purchase) of fixed assets (53,785) 2,494 639 (32,941) 2,813 1,614 (6,164) (1,454) 2,246 (4,232) Net cash used in operating activities (52,638) (36,132) The notes on pages I I to 15 fonn part of these financial statements. io
THE ALDEBURGH JUBILEE HALL CIO NOTES TO THE ACCOUNTS YEAR EINDED 31 MARCH 2025 Charity information The Aldeburgh Jubilee Hall CIO ("the CIO") has as its principal objects the provision and maintenance of the Aldeburgh Jubilee Hall ("the Hall") for the use of the inhabitants of and visitors to Aldeburgh. The CIO is a registered cliarity (registered number: 1155896) which is incorporaled and domiciled in England. The principal address of the CIO is Crabbe Street, Aldeburgh, IP15 5BN. Principal activity Tlie principal activities of the CIO are the hire, event management and maintenance of the Hall. Basis of accounting These financial statements have been prepared in accordance with the Charities SORP (FRS 102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Charities Act 201 l and UK Generally Accepted Practice as it applies from l January 2015. The financial statements have been prepared to give a 'true and fair, piew and have departed from the Charities (Accounts and Reports) Regulatkons 2008 only to the exlent required to provide a 'true and fair view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) issued on 16 July 2014 rather than the Accounting and Rq)orting by Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The CIO meets the definition of a public benefit entity under FRS 102. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation thal the CIO has adequate resources lo continue in operational exislence for the foreseeable future. Critical accounting judgments and key sources of estimation uneertainty In tlie application of ihe CIO'S accounting policies, which are described below, trustees are required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily appareni from other sources. The estimates and underlying assumptions are based on liistorical experience and other factors that are considered to be relevant. Actual results may differ from these esiimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in tlie period in which the estimate is revised if the revision affects only that period, or in tlie period of the revision and future periods if the revision affects ihe current and future periods. In ihe view of the trustees, no assumptions concerning the future or eslimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carying amounls in the next financial year. li
THE ALDEBURGH JUBILEE HALL CIO NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2025 Financial instruments The CIO has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basi financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise trade and other credilors. Accounting for income Incoming resources are recognised in the period in whicli the CIO is entitled to receipt of the funds if perfom]ance conditions attached lo the item(s) of income have been met, it is probable that the income will be received and ihe amount can be measured reliably. Expenditure Expenditure is included in the statement of financial activities when incurred and includes any attributable VAT which cannot be recovered. Investments Listed investments are included on the balance sheet at market value. Realised and unrealised gains (or losses) are credited (or debited) to the Statement of Financial Activities in the year in which they arise. Currently all investments are held as cash deposits which were placed during the financial year. Funds Restricted funds comprise monies raised for, or whose use is restricted to, a specific PUTpose, or contributions subject to donor-imposed conditions. Designated funds comprise amounts set aside by the trustees for particular purposes. Unrestricted funds comprise amounts which may be applied towards the CIO'S charitable activities at the discretion of the trustees. Debtors Short tern) debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any cash at bank and cash in hand. Creditors Sliort tem trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially al fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Depreeiation Depreciation is charged on fixtures and fittings on a straight-line basis over 4 years. No depreciation is provided on freehold land, sinc¢ the trustees consider that the life of the assel and its likely residual value render any depreciation insignificant. Cash at bank and in hand Cash at back and cash in hand includes cash and short terni 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. Taxation The CIO is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. 12
THE ALDEBURGH JUBILEE HALL CIO NOTES TO THE ACCOUNTS (Continued) YEAR ENDED 31 MARCH 2025 2. Trustees and employees The trustees are covered by indemnity insurance, the preinium for wliich is paid by the CIO. The cover is included in the cornprehensive policy iaken out by the CIO and the pranium is not separately identified. The CIO has two part-time employees (2024: two)- It also utilises the services of freelance contractors from time to time to assist in the running of the Hall. The CIO utilises the services of several volunteers (including trustees). 3. Related party transactions Donations totalling £5,486 were received from 7 truslees. The CIO paid £4,800 to We Are Relish Lid, a company controlled by Emma Lloyd, a trustee, for marketing services. The CIO paid £19,890 to Barkway Music Ltd, a company controlled by Ann Barkway for services to the Hall. The Circumstances are recorded in the Trustees. Report. 4. Freehold Property The freeliold property known as The Jubilee Hall, Crabbe Street, Aldeburgh was originally conveyed on 9 November 1887 by gift to fourteen trustees in trust for the charity tlien known as The Aldeburgh Jubilee Hall. On 28th Sepiember 1970, the successor trustees vested the property in the Official Custodian for Charities to be held in trust for thal charity. During the year ended 31 March 2019 a piece of access land was acquired by the Charity. Following the registration of tlie CIO, the title of tlie property has b¢¢n transferred into tlie name of the CIO. The trustees do not intend to dispose of any part of the property and do not propose to arrange for a professional valuation of the property, considering that the usefulness of the exercise would not justify the significant cost involved. 13
THE ALDEBURGH JUBILEE HALL CIO NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2025 5. Tangible fixed assets Cost At l April 2024 Additions 48,240 4,232 At 31 March 2025 Depreciation At l April 2024 Cliarge for year At 31 March 2025 Net book value 46,076 2,494 At 31 March 2025 At 31 March 2024 3,902 2,164 6. Debtors 2025 2024 Trade debtors Other debtors and prepayments 4,860 1,497 4,729 2,917 7. Creditors falling due M'ithin one year 2025 2024 Trade Creditors Provisions for fees paid in advance Accruals 4,312 2,530 4,354 4,890 14
THE ALDEBURGH JUBILEE HALL CIO NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2025 8. Funds Fund movements were as follows: Brought forw'ard Received Expended Transfer Carried fOard Unrestricted Funds Designated Funds 47,132 277,475 142,579 146,625 (159,236) (189,614) 16,900 (9000) 47,375 225,486 Restricted Funds: Community Arts Fund ITISystems Fund Catering Equipment Fund Audio Visual Equipment Fund Programming and Community Community officerlevents Other 900 2,709 1,353 770 (900) (516) (1,353) (770) 2,193 Io,000 (2,500) (5,400) 7,500 6,000 (600) {899) 899 Total The designated funds have been set aside lo support a refurbishment programme for the Hall and also, as required, lo support the Hall's funding following re-emergence from the Covid pandemic. The restricted funds are for the specific purposes set out above. 9. Analysis of net assets between funds Unrestricted Funds and Designated Funds Restricted funds Other funds Total 2025 Fixed assets Current assets Creditors falling due within one year 3,902 278,625 (9,666) 3,902 288J18 (9,666) 9,693 10. Financial instruments At the balance sheet date, the CIO held financial assets comprising cash, deblors and stock at amortised cost of £288,318 (2024: £341,595) and financial liabilities comprising creditors al amortised cost of £9,666 (2024: £7,420). 11. Capital commitments Ai Ilie balance slieel date, the CIO had no capital commitments (2024: nil). 15