Charity registration number.. CE025534 FRIENDS OF DOWNE ACTIVITY CENTRE TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Finsbury Robinson Ltrf 237 Westcombe Hill London SE3 7DW
Friends of Downe Activity Centre Contents Pège Trustees, Report 1-4 Independent Exarniner's Report statement of Flnancial Actl¥itSes Comparatlve Stètement of FIna[al Artivlties Statement of Flnan¢ial P051tion ststement of Cash Flow5 Notes tc the Staternent of Cash Flows io Notes to the Financial Ststements The followlng pages do not form part ol the statutory accounts: Detalled Statement of Flnandal Artivities 16-17
Friends of Downe Activity Centre Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the finanaal ststements for the year ended 31 Mah 2025. Objectlves and Actlvlves Alms and Objectlves Governln9 Document Frlends of Downe Activity Centre became reglstered as a ChatsbIe Incorporated Organlsatlon on 10th June 2021 wlth the Charity Cornmission. In the event of the CIO being wound up. Trustees of the CIO have no liability to contnbute to Its assets nd no personal re5PDn5ibility for settling its debts and liabilibe5. blectlv and attivlti To advance the outdoor educatlon of youw Feople. for the purp)ses of Physlcal and Mental Health. personal development and their environmental c¢nsciousnes5. Trustees consider regularly how planned activities will contribute to the aims and objectsves set in accordantt with public benefit guidance. Achlevements and P•t*ormance Mgln Ath[evennts The Trustees of Friends of Downe Activtty Centre IFOOACI are pleased to present their Annual Report for the year ending 31 March 2025. Th15 has been a defiriing year for the Charity, marked by resilience. deterrnination, orid the collective commltment of Trustees, volunteets. supporters. and partners. After a prolonged and challenging period charactÈrlsed by uncertainty, false starts, and delays, FODAC achieved a major milestone with the successful purchase and reopenlng of Downe Activity Cent. This report outline5 the Charity's acthvbtS, achievements, challenges, and fijture ambltlons, and demonstrates how FODAC contlnues to work tOV4ards Its charitable oblettives of provi0in9 access to the ¢)utOoors, residential expertenees, and nature- based learnlng opportunlties for young people and community groups. FODAC was established to secure the lon9-term futu of Downe Act+vity Centre and ensure thèt the slte remains avallable for educational, recreational, and developrneDtal use, particulady for children and young people. The Charlty Is cornmltted to enabling access t¢ the natural environment, including the ancient wdIand surrounding the Centre. and to fosterin9 wellbeing, learningi and personal development through outdoor experiences. Downe Actlvity Centre has historically played a significant role in suppOn9 schools. youth groups, and charltable organ15ations. The Trustees remain 5teadfa5t in their belief that such facilitie5 are vital cornrnunity 05sets and should be protected for current and future generation$. wn Iv After a number of false starts and prolonged negotiations. FOOAC successfully secured funding and completed the purchase of the entirety of Downe Activity Centre, Including the Birdhouse, in October 2024. This achievement represents significant turning point in the Charity's Journey and would not have been PDssible without the generou5 financial support tsf individual donors, community SUPPOrters. and mèlor fundets. In parti¢ular, the Trustees wish to ackTh)wled9e the critKal support re1Ve0 from ihe Community Ownership Fund. whose contribution enabled FODAC to proceed wlth the purchase and secure the sSte for community beneht. The Trustees also extend their 51ncere thanks to all 5UPPOrters who donated fvnds. shartd expertise. or alvocated on behalf of the Charity throughout this complex process. At the point of purchase, the slte had been closed and uninhabited for almost five years. The prolonged sale peed had serious financial and practicol consequences For the Charity. Jncrease(I legal costs were Incurred due to the length and cornplexity of the transaction. placing additional strain on lirnited resour. Furthertnore, the extended of the site led to significant degradatlon of the buildings and infrastrntture. ndl lon eand hall Fa During the period of closure, Downe Activity ceTht suffered frorn water ingress, vandalism, and the effects of prolonged exposure to the weather. These issues resulted in sub5tsntial deteriorotion of the Fabric of the site and created a greater than anticipated refurt)Ishment challenge onte attess wès finally secured. The delays a150 had a dirert impact on the Charity's operational plans. loss of the summer months, trèditionally a peak period for outdoor and residential artivities. significandy affetted the refurbishment and reopenin9 schedule. As a result, the Trustees quired to revise timelines, reall¢xate resour, and rnanage expectstions among stakeholders. .CONTfNUED Pdge I
Friends of Downe Activity Centre Trustees. Report (continued) For The Year Ended 31 March 2025 Maln Athle¥ements- COnned Despite these challenges, the Trustees remained fUSed on the long-terni vi5i0n for the Site and toE>k 6 pragtnatic and determlned approach to overcomSng obstacles as they arose. R furbishmen ration Wor With the continued and relentless SUPPOrt of a dedicated team of skilled volunteers, FODAC undertook an extensive programrne of refurb15htnent and Integration works across the site. This work was essential to bring the Centre bèck into safe, funttional, and ComIng use. The refurbishment focused on Integrating the slte¥ Infwastnjcture and reStOn9 key facSlltles, Indudlng.. Two dormitory blocks providing a total of 70 beds of indoor attommodation staff accommodation Reception ond Provdiore focilitie5 Three toilet blorks. all encompassing disabled toilet facilities The scale of work required was significant. Volunteers contributed countless hours to tssks including rewiringi replurnbingi replasteringi regl6zingi 6nd re(Jecor6ting. Their corntnitrnent. profe5510nalism. and Willing[SS to share expert15e vlere Instrumental in enabling the Charity to complete the work wilhin limited finala1 means. The Trustees would like to plèce on tor Iheir heartfett thanks to all volunteets who gave their time. skills, and energy to this project. Without their contnbutlon, the reopening of Oowne Activity Centre v40uld not have been posslble. As a direct result of the refurbishrnent programrne. Downe Activity Centre successfully reOper In March 2025. This marked a moment of great pride and achlevemenr ror the Charity ènd all those involved. Slnce reopening, over 200 young people have stayed on site. enablin9 them to access the ancient wocK11and and engage wlth the outdoors In a meaningful and enrtching way. Early feedback from users has been extremely positlve, wlth many highlighting the value of residential experience5, connection with noture, and the restored facilities. The Trustees are encouraged by this inltsal level of engagement and view it as a strong foundation upon whlch to bulld future actlvlty. As FODAC transitions into a fully operatlonal model. safeguardlng has remalned a central priorfty. All volunteers are DBS checked In order to fulfil the Charity's safeguarding responsibilities and to ensure a safe and supportlve envlronment for all U5er5 of the site. Volunteers contlnue to be one of the Charity's greatest strengths. Their collective kno¥Yledge. skills, and expertise have enabled FODAC to rnlnlrnlse costs whlle rnaintaining high standards of safety and quality. The Trustees recognise that the contlnued success of the Chodty 15 closely Ilnked to the ongoing engagement and wellbeing of its volunteer5. The Charity is committed to providing appropnate supportt gu*Jonce, ond recognknon to volunteers, and to f05tertng culture of mutual SpeCt and shared purpose. The Trustees are grateful to all previous users w? have demonstrated their cOfifiden in the Charity by booking upcoming vlslts. It Is partlcularly encouraging to see schools and other chantable organisations confirmlng bookings for the 202512026 season. These bookings provide both financi815tability Jnd valIdatn of the Charitys rnis5ion. They a150 reinforce the Irnportance of Downe Artivity Centre as a valued resource for education. youth development. and community engagement. FODAC tontinuÈs to develop rÈlationships with a rangè of partners and StskÈholders and is wmmitted to widening access to the site, particularly for groups who may otherwise face barriers to participation. rn FODAC Is governed by a Board of Trustees who a resporsible for the strategic direcknon, flnanclal overslght, and cornpliance of the Charity. Throughout the reporting perio(J, the Tnjstees have rnet regularty to review progre55, manage risks, and ensure that detisions are aligned with the Charity's objetts. The Trustees acknowledge the challenges faced during the year and have sought to respond with transpanCy, diligence, and collective rpOnsibIlItY. Policies lat1Thg to safeguardingi health and safety, and volunteer management have been reviewed and Strengthened as part of the transition to operatiofial statu5. The coming year will focus on tonsolidatitw opÈw3tions. èxpanding usage of site. and embedding robust systems to support long-tem) sustalnability. Priorities indude: .CONTINUED Page 2
Friends of Downe Activity Centre Trustees. Report (continued) For The Year Ended 31 March 2025 Maln Athle¥ements- COnned Increasing occupancy and usage across the year Continuing to enhance facilitie5 and aciessibility strengthening partnerships with schools and charities Supporting and growing the volunteer base Ensuring strong govemance and financial oversight The Trustees are optlmSstlc about the fijture of Downe Activity Centre and confident that. with continued support, FODAC will deliver lasting benefit to young people and the willer community. This year has been one of extraordinary challenge and ¥hievement. The successful wrchase and wpening of Downe Activity Centre stands as a testsment to the deterrnlnatn of the Charity and the generosity of its supporters. The Tnjstees would Ilke to thank everyone who has contbuted to thls lourrw and look fotward to bulldlng a vlbrant and sustainable future for Downe Activity Centre. Flnancial Re¥Sew Flnanclal Posltlon The financial position of the Charlty durlng the reportiThJ pe0d has been shawl by the costs associatsd wlth the purchase and refurbishment of the site. While Increased legal and refvrbishment costs placed pressure on resources, careful financlal management and the 51gnificant contribution of volunteer labour helped to mitigate these irnpacts. The Tru5tee5 remain mindful of the need to builLI financial resilience and are ruSed on developing sustalnable income streams thr¢ugh bwklngs. fundraislng, and granr funOIThJ. R¢feren¢¢ Admlnl•tr•tl¥e Detsll• Truste•* Ms A Rlghelato . Chalr Mr G jackman - Vlce Chalr Mr T Dawkins Ms J Eldred Ms A Hayes Charlty Number CE025534 Independent Examlner Gemma L Fogarty FCA Finsbury Roblnson Ltd 237 We5tcombe Hill London SE3 7DW Reglgtered omce 3 Hilborough Way. Orpington. BR6 7EW Bankers Metro Bank, OrpSngtoTh. Bromley BR5 3RP Page 3
Friends of Downe Activity Centre Trustees. Report (continued) For The Year Ended 31 March 2025 statement of Trustees. Responslbllltles The trustees are responsible for preparin9 the Tru5tee5' Report and the financiol 5tstements in accordance with applicable law and United Klngdom Accountlng Standards Iunited Kingdom Genetally Acttpted Accountin9 Pratticel- The law applicable to charities in England and Wales requires the trustees to prepare ffinancial ststements for each financial year which give a true and fair view of the state of affairs of the chanty and of the incoming resources and application of resource5 of the charity for that period. In preparing the fifiaficial 5tatetnents the trustee5 are requiretj to.. select suitsble accounting policies then apply them con5iStentlyi observe the methods and princSples in the Charity SORP; • make judgments and accounting estimates that are reasonable and pnent,. state vihether applicable accounting standard5 have been followed,. subjett to ony departures disclosed and explained in the finantial statements,. ènd prepare the financial statements on the going concern basis unless it ts inappropnate to presume that the charity will continue in busines5. The trustees are responsible for keeping adequate accounting records which disdose with reasonable accuracy at anytime the financial position of the ch4rity and to enable thern to ensure thai the accounts comply with the Charitie5 Art 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responslble for safeguarding the assets of the charity and hentt for taking reasonoble steps for the prevention and detection of fraud and other irregularities. The trustees a SpOnsible for the rnalnnan¢e aN1 integrity of the corporate a1 financial Informatlon Included on the charity's syebsire. Leglslation in the United Kingdom goveming the preparatlon and dissemlnètlon of flnanclal statements may differ from legislation In other jun5dictions. The trustees, report was approved by the tr)ard of trustees and signed on its alf by.. Ms A Rlghelato Trustee 23rd March 2026 Pdge 4
Friends of Downe Activity Centre Independent Examiner's Report to the Trustees of Friends of Downe Activity Centre For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of Friends of tknne Artivity Centre (the Trust) for the year ended 31 March 2025. Responsibilities and Bas15 of Report As the charity trustees of the Trust you are responsible for preparotion of the CoUnts In occord6nce with the requlrements of the Charitles Act 2011 l-the Act~l. I report in respett of my Èxamination of Trusts attounts carried out under sertH)n 145 of the 2011 Art and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145lsllbl of the Act. Independent Exominer's Statement Slnce the Trust's 9ross income exceeded £250.000 your examlner must be a member of a body Ilsted In sectlon 145 of the 2011 Act. I confirrn that I affl qualified to undertake the examination because l arn a mernber of The Institute of Chartered Actountants in England and Wales, Y4hith is one of the listed bodies. I have completed my examlnatlon. I conflm thèt no materlèl matters have come tc+ my attenoon In connectlon wlth the examlnatlon glving me cause to belleve that in any material respect: l. accounting records were not kept in respect of the Trv5t as required by setboh 130 of the Att.. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirernents concerning the forrn and contents of accounts set out In the Charitie5 (Accounts and Reports) Regulations 2008 other thon any requirement that the account5 9ive a 'true and falr vlew, whlch 1$ not a matter consIde as part of an lThkpeNleni examlnation. I have no concems ond have come across no other matters in conrction with the examination to which attenOn shculd be drawn In thls report In order to enable a proper understanding of the accounts w be reached. Gemma L Fogarty FCA Flnsbury ROnstrn Ltd 237 Westcombe Hlll London SE3 7DW 20.03.2026 Pdge 5
Friends of Downe Activity Centre Statement of Financial Artivities For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds fund5 Total fvnds Total funds INCOME AND ENDOWMENTS FROPI: Donations and legacies Ch6rit4ble 6ctivitie5'. Chadtable Artivities 69,627 9,000 78,627 911.197 3,601 911.197 3,601 other trading activities 344 984.425 9.(KlO 993,425 5.188 EXPENDITURE ON: Charltable activities.. Charitable Activities {124,4681 (10,200} 1134,6681 15,0631 NET INCOME 859,957 {1,2001 858,757 12S Transfers between fund5 15 8.000 {8.0001 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Toral funds broughf forward 867,957 {9,2001 85B,757 125 63.220 9.200 72,420 72.295 TOTAL FUNDS CARRIED FORWARD 15 931.177 931,177 72.420 The notes on pages lo to 15 form part of these financial statements. Pdge 6
Friends of Downe Activity Centre Comparative Statement of Financial Activities For The Year Ended 31 March 2025 2024 Unrestricted Restricted funds funds Total funds Note5 INCOME AND ENDOWMENTS FROPI: Donations and legacies Ch6rit4ble 6ctivitie5'. Other tradlng activlties 344 344 5.188 5.IB8 EXPENDITURE ON.. Charitable attivitiÈs'. Chadtable Actlvitles 15.0631 15.0631 NET INCOME 125 125 NET MOVEMENT IN FUNDS RECONCILIATION OF FLINDS: Total funds brought forward 125 125 63.095 9,200 72.295 TOTAL FUNDS CARRIED FORWARD 15 63.220 9,200 72,420 The notes on pages 10 to 15 form part of these financial statements. Pdge 7
Friends of Downe Activity Centre Statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted Restrirted fund5 funds Total funds Total funds FIXED ASSETS Tangible A55ets io 927,954 712,290 1,640,244 49 927,954 712,290 1,640,244 49 CURRENT ASSETS Debtors 2.000 3,130 2,000 70.621 Cash at bank and in hand 3.130 5.130 5,130 72,621 Credltors: Amounts F•lllng Due Wbthln Orte Ye•r 12 {1.907) 11,9071 12501 NET CURRENT ASSETS (LIABILrriES) 3,223 J,223 72,371 TOTAL AsseTS LESS CURReNT UA8IUTIES 931.177 712.290 1,643,467 72,420 Credltors: Amounts Fallln9 Due After More Than One Ye•r 13 1712.2901 {712,2901 NET ASSETS 931.177 931,177 72.420 FUNDS OF THE CHARITY Restricted Funds Unrestrirted Funds 9,200 63.220 931,177 TOTAL FUNDS 15 931,177 72,420 On behalf of the board Ms A RSghelato Trustee 23rd March 2026 The notes on pages 10 to 15 form part of these financial statemerts. Pdge 8
Friends of Downe Activity Centre Statement of Cash Flows For The Year Ended 31 March 2025 2025 2024 Notes Cash flows from operatin9 aCti¥ities Net cash generated frornllused in) operatlons Interest P4id 899,872 121,254) 11,6001 Net cash generated frornllused inl operabng artivities 878,618 11,6001 Cash flows from investing activitie5 Purchase of tsngible assets 11.658.399) Co5h flows from flnoncing artlvltles Proceed5 from new bank borrowings Proceeds from new other loans 512.290 200,000 Net cash generated frorn financing 8ctivitie5 712,290 Decrease In cash and cash equivalents Cash and cash equlvalents at beginniNJ of year 167,491) 70,621 11,6001 Cash and cash equlvalents at eno of year 3,130 11,6001 Pdge 9
Friends of Downe Activity Centre Notes to the Statement of Cash Flows For The Year Ended 31 March 2025 l. Reconciliation of income to cash generoted frornl(used in) operations 2025 2024 Net income Adjustments for.. Interest expense Depreciation of tsngiblÈ assets Movements in workin9 capltal.. Increase In trnde and other debtors 858.757 125 21,254 18.204 25 12.0001 250 Increase In trade and other creditors 1,657 Net cash generated fromllused inl operabons 899.872 11.6001 2. Cash and cash equS¥olents Cash and cash equivalents, as stated Sn the Ststement of Cash Fh)ws, relates to the followlng Items In the Balance Sheet.. 2025 2024 Cash at bank and in hand 3.130 70,621 3, Analys1• of Changes net fundslldebt) A• at l Aprll C•sh flows 2024 ABat31 March 2025 Cash ar bank and in hand Debts falllng due after more than one year 70.621 167,4911 1712.2901 3.130 1712.2901 1709.1601 70.621 1779,7811 Page 10
Friends of Downe Activity Centre Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Friends of Downe Activity Centre is a charitsble incorporated oryanisation registered with the Charity Commission, registered charity number CE025534. The principal addre$5 15 2. A¢¢ountlng Poll¢ls 2.1. Bo515 of Preparotion of Finonciol Statements The financial statements have been prepared in accordance wth the Charibes SORP IFRS 1021 "Accounbng and Reporting by Chèrities.. Statement of Recommended Prartice applicable to thèrities preparin9 their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland IFRS 1021 (effective I January 20191. Financial Reporting srard 102 Financiol Reporbng Stsndard applicable in the UK and Republic of IrÈland" and the Charities Art 2011. The charity Is a Public Benefit Enbty as defined by FRS 102. 2.2. In¢omlng Rewur¢es R¢¢oynltlon tsf In¢ome Income Is recognlsed In the Statement of Flnanclal Actlvltles ISOFAI when the charlty has entitlement to the funds. any performance conditions attached to the Item of income have met. Grants and Donation5 Grants and donations are recognised when the charity ho5 enbtthent after any perforrnjjnce conditions have been met. In¢ome from donations Is Included in lull in Ihe SOFA when receivable. Restricted Incorne.. Where a dontsr has speeified that 8 gift or grnnt is to be used for ) parueular purpose. programme, Or geographical area, rhe Income Is recorded as $1cted. Capltal Grants.. Grants recelved for the purchase of fixed assets {such as the Downe Actlvlty cent Jcqulsltionl are reccgnised in full in the SOFA when receivable. Charftable Actlvltlei (A¢ty Income) Incorne frorn charitsble activities Includes fees for the use of the (ivlty centre, eamplng and educatlonèl programmes. This income 1$ recognised in the period in which the service is provided. Don•ted S¢r¥l¢es In accordance with the Charitles SORP (FPS 102). general volunteer Ome Is rt rewnlsed In the financlal statements but is detalled In the Trustees, Annuol Rewrt. Investment Incorne Interest on fund5 held on dewsit is included when receivable and the amount can be measu0 reliably by the charity,. this Is normally upon notification of rhe interest paid or payable by the bank. 2.3. Tanglble Flxed As#ets and Depreeiation Tangible fixed èssets are meèsured èt tost less attumulated deprrfi)tion and any accumulated impairment losses. Depreciarion is provided at rates calculated to wnte off the cost of the hxed assets. less thelr estimated resldual value, over their expected useful lives on the following bases.. Freehold Plant & Machinery Fixtures & Fittings Computer Equiprnent 2% straight line lover SO years) 20% stiaight line 20% stlalght line 20% straight line 2.4. Cash and Cash Equlvalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call wSth banks, other short-term highly liquid investrnents that rnatU in no rnore than three months from the date of acqu151tion and are readily convertible to a known arnount of lash with insignificallt risk of ch6nge in value. and bank overdrafts. 3. In¢c+m* from 0on•titsns •nd Leg•¢ies Page 11
Friends of Downe Activity Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2025 Unrestricted Restrirted Total nds funds funds Donations and gifts Member subscrlptlons and sponsorshlps 68.837 790 9.000 77.837 790 69.627 9,000 78,627 2024 Unrestrlrted Aestrlrted Tot•1 funds funds funds Donations and gifts Mernber subscriptions and sponsorshSps 4.815 29 4.B15 29 4.844 4.844 4. Income from Other Tradlng Actlvltl 2025 2024 Unrestrlcted Unrestrlcted funds funds Fundraislng events 3.601 344 5. Net In¢omellExpendlturel The net income15 Stated after charglng1lcredingl. 2025 2024 Depreclatlon of tsngible fixed assets- owned 18,204 25 6. Analysls of Expendlture 2025 Artivities undertaken dlrectlv Support costs Isee note 71 Total Charitable Activities 32.126 102.542 134.668 2024 Artlvltle5 undertakén dlrectlv Support costs (see note 71 Total Ch4rit4ble Artivitie5 65 4,998 5,063 Page 12
Friends of Downe Activity Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 7. Support Costs 2025 Charitable Activitie5 Premises expenses General administrdtion Depreciation Governance tosts 25,488 16,567 18.100 42.387 102.542 2024 Charitable Artlvltles General administration Governance costs 198 4,800 4,998 8. Independ¢nt Examlner's Remuneratlo 2025 2024 Independent examlnation of the finandol statements 600 198 9. Aver)ge Number ol Employee• Average number of efflployees duripg the year was.. NIL (2024.. NIL) 10. Tanglble Asmts Land & Pmyrty Freehold Plant & M•¢hlnery Computer Equlpment Total Colt As at l April 2024 Additions 123 399 123 1,658.399 1.650.IY)O 8.lY)O As at 31 March 2025 1.650.CKIO 8.000 522 1,658,522 Depreclatlon As at l April 2024 Provided during the peri 74 74 16.500 1.600 104 18,204 As at 31 March 2025 16,500 1,600 178 18,278 Net Book Value As at 31 March 2025 1.633.500 6.400 344 1,640,244 As at l April 2024 49 49 Page 13
Friends of Downe Activity Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 11. Debtors 2025 2024 Due wlthin one year Other debtors 2,000 2,000 12. Credltors: Amounts Folllng Due Wlthln One Ye*r 2025 2024 Trade creditors Accruals and deferred Income 1.307 600 250 1,907 250 13. Credltors: Amounts Falllng Due After More Than One Year 2025 2014 Bank loans Other loans 512,290 200,000 712.290 14. Loans An analysis of the mattY of loan$ 1$ glven bekn¥: 2025 2024 Amounts falllng due between one five years.. Bank loans Other loans S12.290 200.000 712.290 15. Movement In FundA A• at l Aptll 2024 Asat31 March 2025 Income ExPendIre Transfers Unrestrlcted funds General.. General unrestricted fund Restrlrted funds National Lottery Cornrnunity Fund PFW Family Charitable Trust 63,220 984,425 1124,4681 8,000 931,177 9.200 {9.200) {i.0001 18.0001 Total restrlcted funds 9.200 9.WO 110.2001 18.0001 Totsl funds 72,420 993.425 1134.6681 931,177 Page 14
Friends of Downe Activity Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 As at l Aprll 2023 Asat31 Expenditure March 2024 Income Unrestrlcted funds General.. General unrestricted fund Restrlcted funds 63,095 5,188 15,0631 63,220 Natlon81 Lottery Community Fund 9.21)0 9.200 Total funds 72.295 5.188 15,0631 72,420 16. Transattlons wlth Trustees None of the trustee5 rKeived any remuneration or any other benefits from an employment wlth the charity or a lated entity dun9 the current or previous year. Durlng the year the expenses 1mbUrSe to the trustees or pa dire¢11y to thiro parbes v4ere as follows.. 2025 2024 Travel 1.869 Number of trustees relmbursed for expenses durfng the year was 2 12024.. 01 17. Related Party DlJdoJure• There have been no related pèrty tran$actifms in the rtporting period that wuirt discbsure. eXpt for those dlsclosed In the Transactlons with Trustees note. Page IS
Friends of Downe Activity Centre Detailed Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donatlons and legacles Donations and gift5 Donatlons - with Gift Ald DonatSons from organisatlons Mernbership subscriptions Spon50rship5 48,020 20.817 9.000 4.815 29 790 78,627 4,844 Chorltable Activitios: Charltable Actlvltle# cent Servlces Grants 10.697 900.SOO 911.197 other tradlng actl¥ltle• Funtlraising Income 3,601 344 3,601 344 993,425 5,188 EXPENDITURE ON: Charltable Actlvluu: Charltabl¢ Actlvlti Direct Expenses Waste disposal Volunteer Travel and Refreshments Depreciation of computer equipment Bank eharges Bank loan Inte$1 Rates Light and heat Repairs and maintenan Cleaning Computer and IT costs Insurance Printingi Postage and stationery Advertising and marketing costs Telephone and Intemet Independent examiner's fees Bank Loan Fees Depreciation of plant and machSnery 12.9381 19051 16,9251 11041 11961 121,0581 11.9541 14,5271 118,8511 11561 1611 15,4871 1431 13051 13581 16001 19,7131 11,6001 1401 1251 1198) .CONTINUED Page 16
Friends of Downe Activity Centre Detailed Statement of Financial Artivities (continued) For The Year Ended 31 March 2025 Depreciation of freehoW land and property Legal fees Consultancy fees (16,5001 140,8871 11,5001 14.8001 1134,6681 15.0631 1134,6681 15,0631 NET INCOME 858,757 125 Page 17