Foxie:s Future Foxie's Future (A Charltsble Incorporated Or8anlsation} Trustee's Report and Financial Statements For the year ended 2Wh February 2025 Charlty Re8lstratlon Number: 1204342
CONTENTS Report of the Tntstees Pa8e 3 Report of the Independent audltors Page 11 Statement of Flnandal Actmtles Page 14 BaLance Sheet Page 15 Statement of Cash Fithys Page 16 Not¥51u tPfffiCIa1 Statements Page 17
FOXIE'S FufuRE Trustees, Report for the year ended 28 February 2025 Chair's Repxt We have Just passed a year of ownershlp of Foxlease Park and are approachlng a year since we reopened lir5t part of the slté for ow first bookfng. We had 3 months from acqulsltlon to February half terni, lthlch was the earllert date ty whlch we could achleye the essary C(Anplia work ready for lettlry. We (yned for booklnqs In late ernber Z024. and l am pled to be able to Say that we have been swprt5ed by the str(Mry level of tthklws for the 2025 seascn offward5. The wotl¢ of our amazlr volwteer team has been exceptlonal has allowed u5 to maxlmtse Income from artmtles and lettkn arKI. rninfmlse experdtwe on routine repalrs. 8rwK15 maintenance artlvltles. All three bulldln8s and the campsltes are avallabie for use, and we are dedoping to brf mafn h$& bad( into we as quld(ly as p)sslble. FuraIsIng wlth Ir¥Jlvldual gtvln8, 8roiy events and grants, all •re helplry us kn delirIng our plans. Oyffau, haVe had an exCeptIal year, *thlth has marked the start of a nthy ctxnmunftyat Foxiease Park. The Tntstees cannot ttr4ink everyone erK¥h for your amazing support. Chalr of TrLStee5 11. if. IG
FOXIE'5 FUTURE Trustees, Report for the year ended 28 February 2025 The Trustees present thelr report wtth the flnanclai statements of the Charitable Incorporated Organi5ation ICIOI for the year to 28th February 2025. OBJECTIVES AND ACTIVITIES Vtsion To acqulre the "Foxlea5e Activlty Centre" slte and to re-open it in order to pThide facllltles In dellvery of the charlty's purky)se, such as enablin8 soclal welfare for recreatlon and other lelsure tlme occupatTM for individuals who have a particular need of such fadlltles ty rea50n of thelr ywth, age Infirmity, disability, financlal hardshlp or social circumstance5. Objectfves The objectlves for 2024125 were: . 1. To ralse suffldent capltal fund5. by a mlx of small-5cale fundraising J grant funding arbd donations to enable the charity to submit a succe5sfiA purchase bid to ècqulre the Foxlease Actlvlty Centre Site wtthln the tlme5(ale5 of Girlguldfnq UK'5 commercial sale" 2, To grow the dHrfty'5 SUPPOrt in the local and wTder communltles to build a s4)porter and volunteer base to SUPPOrt the succe55ful deilvery of the charlty's objectives; 3. To develop an extensfve busine55 plan and supportlng capltal and reven budgedng projectlons to enable the Trustees to make strate8lc decislons regardl approach the wJ5t.acquisltion strategi plans; arKI 4. To implement the operatlng SttureS necessary to erble volunteer deilvery of the varlou5 5erYlces neethd to repalr and reopen the 51te for bkin In a tlmely fashion and in accordantt wlth the pLand reopenini. Structur. vernanCe and m4nawement The charlty is a Charitable Iorpoted Oryanlsation {CIOI governed accordlng to the con5tltutl dated 24 Jur 2023 (amended th 30 July 20231. reO5tered charlty number 1204342. Fundralsln ktfvltles Durlnq the felevant financral peri( the charity 5ubmltted a nLHnber of aLICatIOnS for laTBe.scale grant fundlng, wlth the support of Profe$51onal Fundralsers engaged by the charity and secured fundfng for future years. During the year some grnnt appllcatlons were confimed as SCesSfUl. Includlni the slgnlficant award of £1.75 ml111 of capltal fundfng and £Y),(ts) of revenue fundin8 awarded by the Department of Levelllng Up, Houslng and COMMSlIeS. Communlty Lhynershlp. The charity was als0 $ucces5ful in securfng funding from:. New Forest Distrlct COU1. The 29th May 1961 Charftable Trust, Ineos and a local Pr5vate Charltable Trust. The charity also 1aUrhed a Community Loan Sthme and seced over £1.2m to SUFWrt its purchase of the FAleaSe Estate. Aiongslde the above, the charlty continued Its ètterthnce at small-5caie fundralslng actfvities by Tru5tee5 and Volunteers to continue to Irease awarrn of the charfty ¥thin Its ILxal communlty Its sales of small merchand15e It¥ins lcd event5 and the charfty's webslte.
FOXIE'5 FLrruRE Trustees. R¢port the year ended 28 February 2025 rter Growth In 202412025, charity's SiPPDrter Thbe have groTr to Just over 6,5fX), measured based on a cornbination of Social media followers newsletter subscrlber5 to the charfty's mailing Ilsts. Sw)Fx)rter numbers In the flnandal year have been grovm throuth a comblnatlon of contln attendarKe at communlty and Icol events and events dellvered at the Foxlease Park slte. Thecharlty malrbtain5 a nTrber of Ktlal medla platform5 to engage with its supporter5, the most Fyomlnent belng fts Facebc( Page and Febook Gro. It also runs an Instsgram pape, an X pageand a Llnkedln Pa8e. Jr"Foxle's Famlly" SUFPOrters groupj has grown to Indude approx5mately 600 sthscrrbed member5. siness Plan and Revenue B The Trustee5 have contin1 to work to the 5 year Business Plan and Supportlr enue Budget ¢$elOped in the previous year and have kept thi5 uTrJer review following successful grant awards and acqulsltion of the Foxlea5e Part( site. ACHifrfEMElffs AND PERFORIAAIKE The relevant flnandal lod was wlthln the char5ty'5 first 18 month5 and so a slgnlflcant F4)rtlon of Its perforniance and achievement was in the 5uccwfui development of Its ne•Y governan structure arKI the subsequent develcf¥nent of Its Internal rlsk management presseS and pollde5 to ensure a compllant strateelc and operatlonal approach to rfsk management. AlrAwlde Its successful developrnert of Its governan stnthre and pro¢es5e5, the charity a15Q successfully delfvered aqainst Its fundfng objectlves dur1 the relevant perfod to en5we that ld$ to acqulre the slte were available. NAMCNL REWEW Income & allocated fundln8 Foxle's Future received Its IrKune In th15 second year of tradlng from a mlx of Fundralslni, lknchandlse Sale5 and Donatlons, in Ilne with its stated objectfve of securing fding to purchase ttr Foxlease ACtitY Centre slte. FOe'S Future 5UPlX)rters also plc¥Jged slgnffkant swrt, In the way of pledged donatlons, whlch were drawn C On acquisltlon was conflmied. Total funds At the end of financlal year, Foxle's Fu held fd5 of C2.719.339 of vthkh £45,810 ts heid in Re5tsicted Fd5, specifically for the re5toTrtlon and rnaintenar of the maln house and wkler sfte. The balare of E2,673,529 is held in Unrestricted Reserves. Reserves po11cy Foxie's Future Is rw as a charitable frorpOrated organlsation and is respon51ble for securin8 capltal funthng to purchase the Foxlea3e Actlvfty Centre slte In addition to dloPIng an extensfve business plan and supporting capital and revenue budgeting projertions to test the Ylablllty of the tharlty'5 alm tts acqulre the Foxlease Actfvity Centre slte and to enable the Trustees to make Strategic dedslons re8ardln8 apwoach to the Fmlst-acquisition Strategic plans.
FOXIE'S FufuRE Tru5tees' Report for the year ended 28 February 2025 The CIO'S policy 15 to hold re5erve5 for the foilchytry purpose5: To enswe unrestricted reserves are held at level to ensure sufficlent funds are available to meet its operational costs, at the 5arne tlme, bulldlng these reserve5 to a sufficient level to ensure adequate workfjng capital followlng the acquisition of the site. based up)n its bu5fne55 pian. The reserves pollcy vlll be fLrther rw6tyed in the 20Z5126 finandal year to en5we that Tt15 leVan te and reflects the need5 of the Charlty. In Ilne wtth the above PDlicy at 28 February 2025, 4twal reserves stand at EZ.673.529. PLANS FOR FLrruRE PERIODS With the 3 re5identSal building5 and all of our carnp sltes open and In use, the foc for the next p7( Is to a55ess. cost and plan the nece55ary works to the main house, whlch Is 8rnde 2 11sted. Thls sensitive wort( 11 need to undertaken Over several year5 and VAIL require the Truste to secure yant fdIng for some of the works. We hope to be able to provide Some more accesslbie accommcrflation, arKI the pLan5 fcff those wlll be de1ced furtr. We 11 be worfdng on our l(Kry.terni asset management pian to enable the Trustees to plan future Investment. and to ensure contlnue(15afety compllance. addltion, Improvements to our adven¢ur(oJs actmty areas will also be a priorlty. The day to day runnlng of the 51te will still be dertaken malniy by volunteers, trt we pian to have some dlrectly employed Staff as weil. FraISIn$ wlll contlnue for 5pedfic proJKts and to bulld our reserves, and sirerrdthen OTganisation. srRiKTURE, GOVERNANCE AND AIANAGEMEMT Trustees The Foxle's Future BrArd sets the 5trateglc dlrectlon and 15 fapSIble for errI that the tharfty uphold5 its value5 and 8ovefflance deilvers its (>jectives. The Foxle's Future Board ha5 capadty for nlne Tntstees. The Board Met frequertly durlng the repordng periTrJ and also t communlcated beeen meetlng5. The FF Trurtee5' Code of C]t doojment, Chalr of Tru5tee5' Role De5CriPtion and Trtee Role De5CriPtion are revlewed annually. Trustée appolntmwts The appolntment of Trustees 15 8overned by the chadty'5 Constitutic. Appointments are for an initial pericrfj of three years. Followlng thls first temi. Trustees can be re-elected fw up to two further ternis of three years In succe55lLm. Trustee position5 wll be based on the sklltsi experlence knowLed8e required, and adyertbsed on the Foxle's Future webslte and Social media ch)nne15 afKI
FOXIE'5 FIrnJRE Trustees, Report for the year ended 28 February 2025 other a¢fvertlslng metlK)ds agfeed by the Trustees, approprlate to the skills required by the Fositlon. The Chair and at least one Trustee Intetvlew candidate5 and a recomrnendatlon is made to the Board for thelr apIntrnent. Once a Trustee has been apInted, the 8oard of Tntstees wlll ensure that approprfate trnining and induction pr(odU are followed tyendlng upon the experlerfe of the Individualls appointed. Commlttee5 The tsjard of Trustees works with the followlng subcommittees in line wlth the stnKture develor In January 2024". - 1. Property Comrnlttee. which ts responslble for:. collati and presentin8 to the Board all reieyart Informatlon pursuant to the purdHse and the bu51nes5 plan. Malntenance and development of the slte. hlaintenance or a register of equiprnenL Iv. Securing addlttonal funthng for property-reiated Improv¢ment5. 2. Extemal Engagement CcnmSttee, whith is responsible for:. Promotlcffi of the carnpal¥n to acquire Foxlea5e vla sodal medla, TV and newspaper Interviews and attendance at relevani events. PrtIon of the fadllties, activities and events at the site In accordance wlth an agreed marf(eting and communicadLN)s pian and tyjdget. Event Management. FuTrJralslng aThJ b1d-Wth. Tii. iv. 3. Operations Commlttee, whlth ts re5pun5itAe for:. plann1 and oYerseefnB the Implementatfon of the full raTrAe of hospltality and commercial activltles to be offered at Foxlease. l(ntifying opportunitie5 for external fling to help facilitate actlvltles. 4. Intematlonal Commlttee. whlch 15 responsltAe for:_ Engagement and promotion across the world. OYers18ht of Internatlonal fundralslng proce55 to ensure c0rnpllan In conjunction with the Flnance, Revenue and Governance Committee. Developlng the wori(trMde supwrter base and fundraislng proRramme In conJun¢tion with other cmittees. Fundralslr8 and bld wrfilng. fv. 5. Finance. R15k and GovemarKe Commlttee, Ythlchls resFrfxLslbLe for.- lélonltorfr4 and revlewlng all flnancial matters Indudln8 perfomiance a8aln5t pian and budget ar to provlde financial foreo5ts based on the 5-ywr buslne5s plan to ensure short aThJ long-tenm vlablllty. ReVIAre and chauengfng the risk rewsters, develr4)inB arKI mana8lng lrtemal ontrol systems. Erfjuring wod governance.
FOXIE'5 FLrruRE Trustees, Report for the year enéed 28 February 2025 Emplryee5 The charfty currently has no empl¢)yees. Our tharltabie objecttses The Constltutlon of the CIO15 lald drrMI In the Foxle'5 Future ConstltLrtlon athpted on 24 June 2023 aryj subsequently amended on 30 July 2023. The object5 of the CIO are to athance, for the public beneflt, sh (haritable purposes laccordln8 to the Law of England and Wales) as the charlty trustees see fit from tTme to time, In partICaT but not limltwj to:. Helping young people, especially but Tr)t exclusively through recreatlonal aThl lelswe tlme artivities, to 4Jevelop thelr skllls and capabilitles In order to enable them to partlclpate In society a5 matswe and responsible Indlyiduals. and PrnvTding or ass15ting in the provlslon of facllltle5 In the Interests of 9xial welfare for recreatlon or other lelsure time occupation of IndlYFduals who have need of 5ULh facilities by reason of their th, a8e, Inflrrnlty or dlsablllty, flnancial har(tship or sodal circumstantss with the object of improving their condltlons of life. Publlc benefit 5tatem•nt The Trnstees have 8lven due ward to the Chadty Commission's 8uldance reportlng Public Benefit tthn plannln8 the charity'5 actlvltles. The paragraph5 on page 4-6 set (tt the CIO'S objectlves, actfvltles, achlevement5 and perforniance dudng the year, whlch dlrectly relate to the objects and purpose5 for which the CIO exists. The CIO athieves Its objects arKI purposes through a serles of cornmunlty engagement events In antlcipation of the aCquItIon of the Foxiea5e Actmty cent slte to enable the continuing deLlvery of the charity's ob3ectiYes. FollowlnB acquisltlon of the Foxiease Artlvlty Centre slte In Noywnber 2024 ihe charfty achleves Its objects and purpo5e5 through the operatlon of the Foxiea5e Park slte. The befIts of this support are fully compliant wlth the Charfty Commlsslon prlncipies on publlc Rlsl( mana8ement The Trustees cOntIn to develop their approath to risk, a5 the organlsatlon IrKreases ihe range of artlvtties the 5fte offers, and the type of events planned. Further work Is planned The Ttee$ are satlsfied that the rlsk mana8ement process deliver5 an effectfve PTCture, to support thelr dedsion making. The risk reqtsters are revlLywe(i regularly by the TrteeS at thelr Board meetlngs, reylewlng rnovanents In rlsks, mltlgatlorfj resultant artions. Key area5 of r15k ldered Include. strategic, financial, operational. reputational, legal aj compllance, 8ovemaKe and IT.
FOXIE'S FiJfuRE Trustees. Report for the year ended 28 February 2025 REFERENCE AND *J)MIN15TRATION DETAILS REGISTERED CHARITY NUAIYER 1204342 (England and Wales) CHARITY OFFICES Foxlease Park Clay Fh11 Lyndhu S043 7DE TrUSTEES Hazel Warvrick- Chair Det¥Jrah Lafferty Emma Stevens Paul Meacher Susan Groves Teresa Monks Ires1 01 December 20251 Vivlenne Franklln (res1 01 December 2025) AUDITORS Azets AlIt SeThlces Gateway How Totliate, Chandler5 Ford SOS3 3TG BAMKERS Uoyd5 Bank pic PO Box 1(X¥J BX1 1LT souaTORS Itwln Mltchell Thomas Eggar HDU5e Frfary Lane Chichester P019 1UF
FOXIE'S FLrruRE Trustees, Report for the year ended 28 February 2025 RESPONSIBIUTIES OF THE TRLISTEES The Tntee5 are responble for preparfng the TnJstee5' annual report and the flnaKial statements In accordance wfth appllcabie law and Unlted KI Accountlrry Standard5 Iunlted KlngdL¥n Generally Accepted Accountlrry prncti). The law applkable to charftle5 In England. Wale5, and Scotland requlres the Tntstees to wepare finaKlJl 5tst&nents for eath flr4indal year whlth glve a arKI falr vkn¥ of the state of affairs of the chartty aThl of the Incomlng resour and appilcatl(m of re5wrces of the dwrity for that perfod, prepArln8 these flnandal statements. the Trustees are requlred to: • select sultabLe acco1 pollc*s and apply them con515y. . obseNe the method5 and prfndple5 In the Charltles SORP 2019 (FR5 102): • make ]nts and estlmates that are reasonable prudrt. • stste etherappliCable accoLntln8 Standard5 have be folLov+Ed, subject to any materfal dyrture5 thsclosed and ex4)Lained In the flnandal ststements; • prepare the financial statements on the goSry concem basts unle55 tt Is Inapproprfate to presw that the tharfty VAII contlnue In operatton. The Tru5tee5 a resp)nslble for keeplw proper accoUrt1 rerdS that disclose wlth reasonable accuracy at any tlme the flnandal posltlon of the tharlty and enable thwn to ensure that the flnanclal ststements cwnply vhth the Charitie$ Art 2011, the Charttles (Accots and RepNts} Rewlatlor6 2015 and the wov1515 of the tntst deed. Thty are also respthie for safeguarthry assets of the tharityand heKe for tsklry reasonable 5tep5 for the ar#1 detectlon of fraud and other Irregularitie5. Tnstee5 re¥Kmslble for the malntenance and lrtegrlty of the charity and flnandal Inf0rnt1 included on the tharity's webslte. Legislath)n In the Unlted KIn1d 8tyemlrY4 the WeparatI aTrJ dlssemlnatlon of flNinclal statemerts dlffer fr1 leRlslatlon kn other Jurisdittlons. Slgned by order of the Tru5tee5 Hazel WawwlGk Chalr of the Tru5t&s Foxle5 Futsre 4)roved by the 8oard of Trustees c 11 A,,-J 10
FOXIE'S FimiRE Rep¢)rt of the Independent Audltors to the Trustees of Foxle's Future Oplnlon We have audlted the flnandal ststements of Foxle'5 Future (the 'charfty'l for the year ended Z8 FebTry 2025 which comprfse the statefflent of flnancial activltles, the batance Sheet, the Statement of cash flow5 and notes to the financial statements. IncludiTr4 518nlficant aCcntIng polides. The flnanclal reportlryd framework that has been applled In thelr preparatIC Is applTcable law and Unlted Klnidom Accountlrp4 Standard5. IncLudlng Flnanclal ReportTng Standard 102 The Flnandal Repjrtins 5tondard oppllcoble In the UK ond Republlc of Irelond (Unlted Kln8dom Generally Accepted A(cnt8 Pract7). our opln)n the flnandal Statements: Efve a tri and falr vle+Y of the state of the charfty'5 affa1 as at 28 February 2025, and of Its Incomlng res(yJrce5 and appIfCatl of resources, IncINng Its Income and expenditure, for the year then erKled; IHve been prcperly prepared In accordan wlth Unlted Klngth)m Generally Accepted Accounting Prartlce. and have been prePad In aCcOrdae wlth the requlrements of the Charftles Act 2011. Basls for oplnlon We conducted our alIt in accordarKe wlth Intemailonal stalardS on AL*Jltln8 IUKI IISA5 IUK}) a1 appllcable law. Our pOnsIbIlitieS der those Stad$ are further described In the audltor respor7b?1ItIe5 for the a]it of the fIndla1 statements sectlon of our report. We are Irle[endent of the drIty In accordance wlth the ethical requfjrements that are relevant to our audft of the flnancial statements In the UK, I1Ing the FRC'S Ethlcal Standard, and we have fulfllled our other eth?cal responsibilities In accorthnce wlth these requlrements. We belSeve that the alt evlden we have obtained is sufficient and apywiate to provKle a basi5 for our opini. Concluslons relatln8 to plni concern In audItI the flnandal ststements, we have conduded tt the tntstees. use of the going concem basls of accountlng in the preparat1 of the flnanclal Statements is approprlate. Based on the work have performed, we t wJentlf5ed any material uncertaintles reiatinq to events or conditions that, individually or collectT¥ely> may cast signifTcant doubt on the charity's ability to Cont1[ as a go?ng contern for a peTi¢xI of at least twelve nx)nths from when the finarK7al statements are aLthorlsed for Iss. Our reswBlbllltles a1 the resptsnslbllltles of the tru5teeswlth re¥tt to Eolng corKem are descrfbed In the relevant sectlons of tms report. Other Informatl¢)n The other Infonnatlon c¢Mnpristt the infoimatiLm included in the trustees, annual rewrt, other than the flnandal statements and our auditly's report thereon. The trStee5 are responsible for the other InformaLkJn. Our (4)Inion on the flnanclal statements does not cover the other Informatlon and we do not express any fomi of assurance conclLtsfon thereon. Our responslbfllty Is to read the other infomiation arbd, In doirq so, consider ¥thether the other information is materlally Incons15tent wlth the flnandal statement5 or our krwJwied8e obtalned in the course of the aud5t or otheThAse appears to be materially mlsstated. If we identify such material InConsistee5 or apparent rnaterial mi55tatemts, we are required to deterynine whether thls Ifves rfse to a materfal m155tatement In the finandal statements thernseives, tf, based on the V+Drk we have perfomied, condude that there15 a matertal m155tatemert of th15 other Information, we are required report that fart. We have nothing to rewx)rt in this regard.
FOXIE'S FLrruRE Report of the Independent Audltors to the Trustees of Foxlè's Future tters on whlch we are requlred to report by exception We have nDthlng to report in re5pett of the following matters In relatlon tts vknlch the Charftles (Accounts and Reports) Reguiatk)n$ 2(th rere us to report to you If. In our oplnlon: the ?nfomiatron given In trustees, report is IOrlStent in any materfal respect wlth the flnancial statements: or sufficien¢ accounting records have not been kept; or the fInala1 statements are not in agreement with the accounting records; or we have not recelved all the Infomiation and eypLanations we rLNulre for our alt. R•sponslbllltle5 of trustees As explained more fully in the trustees, responslbllltles Statement. the trLtstees are re5porsible for preparation of the financial statements and for being 5atlsfled thai they glve a true and fair view, and for such Internal control as the trustees determlne Is nece55ary to enable the preparatlon of flnandal statement5 that are free from material mi55tatement, wherher due to fraLMI or error. In preparfn8 the flnanclal 5tatement5, the truseS are restble for assesslng the charity'5 ability to cortlnue as a gofni CThKem, dlsclosln8, as aFpllcable, matters related to golnq concern and uslng the 8oln4 Cfmcem basts of accoLJntln8 unle55 t1 trustees elther InterKI to liqthdate ttE charity or tt> cease operatlon5, or have no realistic altematfve but to th 50. Auditor resp(51b11ft7es for the audit of the flnandal statement5 We have been aprx)inted a5 athdltor under secilon 144 of the Charltles Art 2011 and report In accordaKe YAth the Att an(1 relevant reguLatlons made or havlr8 effett thereu[r. Our objectlyes are to obtaln reasonable assurdnce ab)ut thether the flnanclal Statements as a oLe are free from materlal mtsstatement, whether due to fraud or error, and to Tssue an auditor's report that Include5 our opinion. Reawriable asSance 15 a high level of assurance, Is not a guarantee that an audlt conducted in accordan wlth ISAS IUKI vrill always detett a materfjal mls5tatement vthen it exlsts. Mtsstatements can arlse from fraj or error and afft considered materlal If, indivldually or In the aggregate. they could reasonably be exrrted to Influence the economic dedslons of users taken on the basis of the flnanckl statements. A fher descrlptlon of our re5wn5ibilitie5 Is avallable on the FRC'5 website at: https:l/www.frc.or¥.uklauditot5reposlbilities. This description fomis part of our alhfftor's report. Extent to which the audft was considered eapable of detectlnl Irre4ularfttes. Includtni fraud Irre8ularltles, Includfn8 fraud. are Irtstances of n0n-cornp1lae wlth law5 and reguiatlons. We deslgn procedures In 11ne wlth our responslbllltle5, Outllned above, to detect rnaterlal m155tatemellts In resIrt of Irregularltles, Incl fraud. We obtaln and update our understandlnq of the tIty, its aCtItIes, its control envlr(mment. and Ilkeiy futwe dwel0&ents, ItKluding in relatlon to the legal and re8uLatory frnmework appllcabie and how the entity 15 plYIng wlth that frarnework. Based on thi5 urthrrtandlng. we identify and assess the risk5 of material mi55tatement of the financial statements, whether to frnud or error, design and perform audlt procedures responsfve to those rf5k5, and obtaln audit evldence that 15 suffklent and approprfate to PrOde a basls for our opinl¢n. Thls Include5 con5ideratlon of the rfsk of acts by the entity that were contrary to appllcable iav•S and regulations. IncIhnl fraud. In response to the risk of irregularities and non.compllarKewlth laws and resOn5, Including fra, we de5i8ned PredureS vthlch InCled. EnqLriry of managlynent and those charged with govemance around actual and potential ITti8ati aTrJ clalm5 a5 well as actual, susperted and alLeyd fra1. Reviewing mSnute5 of meetings of those charged wlth govemance; Assessing the extent of compllance with the law5 and re8uLatiCf6 considered to have a dlrect mater5al effect on the flnandal statement5 or the operat1)9 of the entlty through eruIry and 12
FOXIE'S FUTURE Report of the Independent Auditors to the Trustees of Foxle's Future Inspectfon.. RewIng flnancial statwnent dlsc105ures and testlng to 5UPPOrtlng documentatlon to assess conwllance wlth appllcable laws and regulatlon5: Perfoming audit work over the risk of management bla5 and oyerrlde of cortrois, Includfng testln8 of Journal entrfes and other adjustments for apFprfatenesS, evaiuatlng the tInesS rationale of significant trarsactTon5 Outside the nornial course of tXbslne55 and revlewing accountlng estlmates for IndIcato of potentlal blas. Because of the Inherent Ilmltatlons of an alit, there is a risk that wewill not detett all irregularlties, intluding those leading to a material rnis5tatement in the finanaal statement5 or non.compllance wlth regutatkin. Thls rfsk kncrea5es the more that c(*npllance wlth a law or reguLatlon Is removed froffl events and tra[rtIOnS reflected In the fInaral statemLYts, a5 we wlll be less Ilkely to become aware of Instances of non-compllance. The rlsk of not detectln8 a materlal mlsstatement resultlng from fraj Is hlgher than for one re5ultlnE from error, a5 fraud may Involve colluslon, forgery, Intentlonal omi$51cm5, mtsrepre5entatTons, or the OVeide of Intemal coTrtr(l. Use of our rewt Thts retx)rt is made solely to the charlty's trustees. as a body. In aCcOrdae with Part 4 of the Charities (ACCCntS and Report5} Regulation5 2008. Our audit work has been undertaken so tlkit we mlght State to the charfty's tNrtees tIw)se matter5 we are requlred to state to them In an audltor's rept and fc< no other purp)se. To the lullest extent pennltted by law, we do not accept or a5$e re5pJnslblllty to anyone other than the charfty and the charfty'5 trustees as a body, for our alIt WOtK fer this report, or for the opinions we have fonned. Noble (Senior Statutory AIMlitorl For and on behalf of Azets Audlt Savices Clwrtered AcntaThts Statutory Audltor Thlrd Floor. Gateway House Tollgate Chandlers Ford Harnpshire lknlted KiTradom S053 3TG Azets Audit Sthvices is eligible for appointment as audTtt>r of the charTty by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companie5 21. 13
FOXIE'S FUTURE STATEMENT OF FINAMCIAL ACTivrriE5 for the year ended 28 February 2025 Notes 2025 2024 INCOME AND EXPENDITURE Unre5trkted Re5tr1cted Total Totsl INCOAIE FROAI: DatIo5 and grants 103,184 2,538,156 2,641,340 20.571 Charitable actlvltles 14,517 24.952 39.469 149,370 Other tradin8 actlvitles 4 30,180 30,180 OthLY Income 557 557 Trtal Income 148.438 2, 563,108 2,711,546 169.941 EXPE*IDITURE OM: Ralsln8 fund5 Expendltwe on ralslng d¢)nations and grants Expenthture on other tradlng activitle5 1,51M 3,761 336 3,761 336 Charltable attlyltles 80,501 55,264 135,765 20,692 Total expendityre 86,192 55.264 141,456 20,692 INCOME FOR THE YEAR 62,246 2,507,844 2,570,090 149.249 Transfer between funds 2,565,621 12.565.621 MOVEMENT IN FUNDS 2,627,867 (57,777) 2.570,090 149.249 Reconclllatlon of funds: Total funds brou8ht foTward 45,662 103,587 149,249 TOTAL Fln4DS CARRIED FORWARD AT 28 FEBRUARY 1025 2,673,529 45.810 2.719.339 149.149 AU incomin8 rescmjrces and resource5 experKled derive frcrfn continufn8 actmtles. TIe were no other recognised galns or loses other than those stated ab¢)ve. lthennts in fLwwJ5 a d15c105ed In Note 15 & 16 to financial statements. 14
FOXIE'S FLTfuRE BALANCE SHEEr 28 Febnwy 2025 2025 2024 Notes FIXED ASSETS: 3,(IM.297 CURRENT ASSErs: 5t(Kk Debtor5 Investments Cash at bank and In haml 10 11 52.308 1,275,(XXI 92,530 152,749 1.420,287 152,749 CREDrroRS: Amts fall?ng (*Je vathln one year 12 11.41Z,245 13,5(XJ) NEf CURRENT ASSEf5'. 8,042 149,249 LIABILMES: 3.1X)9.339 149.249 CREDfTOR5: I4rnunts fallknB D after more than ort year. 13 I290.0) 2.719.339 149,249 FUNDS: UnRstrlcted fund5: 15 15 107,908 2,565,621 45,66Z De5igrnted fund 2.673,529 45,662 Restrfcted funds 16 45,810 103,587 2,719.339 149,249 The flnandal stataments were apyoyed and authISed for fssue by the membews of the Board of Trurtees on 1Ph I4)rf12026 and slgned on their behalf by Hazel Warwlck (Chalr). Ch r of the Tntstees Dated: 17th Aprfl 2026 15
FOXIE'5 FlmJRE STATEMENT OF CASH FLOWS 28 Fèbruary 2025 2025 2024 Notes Total Total CASH FLOWS FROAI OPERATING ACTNIT%S: Net cash proded by operat1 activitie5 Z.589.796 152,749 Cash fl¢Y from Tnvest7ng activitie5: Purthase of tanglble flxed assets IrchaSe of short term Inve5tsnents 13,008,3(KII 11,275,CXX)I Net cash provlded by Investlng actfvifies {4,283.31XII Cash flows from flnandng activities Cash inflow5 from ne•V ir09 Loro term loans Short term cornm}ty loans Short term lobns 290,1)JO 1.273,285 cash provlded by flnandng actfvltles 1.633.Z85 CHAIIGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR 160,219) 152,749 Cash and ta5h equivalent5 brought forward 152,749 CASH AND CASH EQUNALEKfs CARRIED FORWARD AT 23 FEBRUARY 2025 92,530 152,749 Recthidllatim of net incomell•xpendlture) to net cash fl*x from oper•tlnll actlvlti•s 2025 2024 Net {expe'tre1/incCfft for the year a5 per the Statement of Flnanclal Actlvltles 2.570.LWI 149.249 Adjusted for: Depreciatlon Decrease I IlrKrease) in stk l)ecreaselllncrease) In debtors IDecrea5elllncrease In creditors 152,3081 65,460 Met cash provlded by operatlni actlvltles 2,589.796 151749 bl Analysfj of cash and •qufv41•nts I5 Z024 Cash at bank and fn hand 92,530 152,749 16
FOXIE'S FimiRE NOTES TO THE FINA14CIAL STATEMENTS for the year ended 28 February 2025 AccouNnNG POLICIES Accountlnq conyentlon The financial Staternts have prepared In accordan wlth the relevant versfon of the statement of Recommended Prattfce appilcable to charitie5 preparin4 their accwnts in accordance th the Financial Reporting Standard appllcable In the UK artrj Repubik of Ireland IFRS 1021, and the Charftles Act 2011. The Charity 15 a charitable incorporated organlsatlon regtstered In England and constltutes a publlc berrfit enry as defined by FR51tY2. The Trustee5 coffjlder that ttre are Tr) matertal uncertalntles abjut the TnJ5t's ability to curtfnue a5 a golng concem. The followlng prfncipal accounting policie5 have been conslstently applled In prepartr4 these financlal statements whlch remaln unchanged from the prewou5 year. Gofni concern At the tlme of approvlnq the flrkandal statements, the trustees havea reasonable wectatlon thatthe charlty has adequate resource5 to contlnue In OperatiaL existence for the foreseeable futwe. In making thls a55e5sment the trustees have taken into account the purdw of Foxlease Park dwing the year, the sale of the Investment propatTes, plus the repayment of the loans F)St year end. Thu5, the trustees Contin to adopt the going concem basis of accounting in preparin8 the flnandal statements. Fund accountlng General funds are unrestrfcted funds whlch are avaliable for at the dlscretlon of the Tntstees In furtherance of the general objectfves of the charity and which have Mt been deslgnated for other purpDses. Restricted funds are funds whlch are to be used In Jccordance with specific restrictions impxed ty donors or which have been raised by the charity for parkncular purp)ses. The cost of ralsing admirri5terln¥ such fuThJs are charged against the 4)eclflc fund. The alm arKI w of each re5trlcted furKI Is set out In the notes to the financial statements. Incomiw resources All Incom1n8 resr¢e5 are Included In the statement of flnanclal aCtitIeS vthen the charftyfjs le8allyentltled to the income and the amount can be quantlfled wlth reasonable accuracy. Such income Is only deferred vthen the dc)or 5tdfle5 that the grant or donat1 must only be used In future accountlns perfod5. Glfts donated for resale are Included a5 Income vthen thel are 501d. No amounts are included In the flnandal statwments for services donated by volunteers. Foxlease Pa booklngs Income is Induded as iKorne at the date of the bookln8. Resources expended All expenditure is accounted for on an CrUalS basls aThJ has be cla551fied under headlngs that aggregate all costs related to the category. Where costs cannot be dlrettiy attrfbuted ro partlcular headlnR5. they have been allKated to actiyitles on a basfs conslstent wtth use of the resource5. T1ble flx•d assets Expenditure on flxed assets over E1,CIJO ts capltallsed. Repalr expendlture Is Wrttten off as expenditure in the 5tatemeni of flnancial actlvltle5.
FOXIE'S FUTURE NOTE5 TO THE FINANCIAL STATEMENTS for the year ended 28 February 2025 Deprecl8tlon Is provlded at rate5 calculated to write dovm the cost of each asset to Its estlmated re5idLO1 Yalue over Tts expected wfUl Ilfe, The depredatlon rate5 In use are as follows: Land Is not depreciated Building5 50 years Plant and machlnery 10 year5 Fixture and fittin¥s 10 years Income and fund5 poIIcy Voluntary in¢ome and donatTon5 are accounted for as recelved ty the charlty. St¢)d( Stock is heid at the lth¥er of cost rt reali5able value. Debtors Trade and other debtors are t0#nISed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepald net of Y trade dlscounts due. Current asset Investments vestment propertles held for resale are heiil at current valuatlon. Cash at bank and In hand Cash at bank and In harKI incle5 cash sh)rt term hlqhly Ilquld investments wlth a Srt maturity of three months or less from the date of acqulsltlon or openin8 of deposit or 5imlLar account. Credltors and provlsions Credltors and prw5i0n5 are recognised where the charfty has a present obllgatlon result from a past event that VAII probably result in the transfer of fmds to a thlrd party and thelr amount due to Settle the obllgatlon can be measured or estfmated LIablY. Credltors aThJ provisiors are normally recu8nised at their settlement amount after aliowlng for any trade d15count& the. D•ferred Income Deposits received in advance for stays at Foxiease Park are held as deferd Incm. Flnanclal tnstrum•nts The charlty only has financ?al assets and flnandal Ilabllltfes of a klnd that qualify as basic finanoal Instnments. 8aslc flnancial instnjments are Inlt?ally recognised at transattiM Val and subsequently measured at thefr settlement value. Value addod tax The Charity is reglstered for VAT. Irrecoyerable VAT Is charqed a5 a cost against the actlvlty for wthkh the eApendlture was Inaxred. Fore1 currencles Trdnsartlcffls In forelqn currerKles are recorded at the rate ruling at the date of the transactlon. cnrnent 8r4nts Govemment grants are recognised In Income when the charlty ha5 entitlement to the fumls. any Frforrnance- related crjnditions have been met, it is probable that the Income will be recelved. and the amouni can be measured rellabiy. Grants recefved for specfflc purpose5 are Inc[led In IKome Ylthln restricted funds the dornr has speclfled how the fuThJs must be used. Vlhere grants relate to performance conditions, Income Is recognlsed only when those condlt1ry15 a met. Grants received In advance of meeting such condltions are deferred and incliKled in credltors. 18
FOXIE'S FUTURE NOTES TO THE FINANCIAL STATEMENTS for the year ended 28 February 2025 DEfAILED COMPARATIVES FOR THE sfATEAIENT OF FINANCIAL ACTIVITIES Notes 2024 IKOME AND EXPENDITURE Unrestrlcted Re5tr1rted Total INCOAIE FROM: Donations and grants 20,571 20,571 Charltable actlYitle5 45.783 103,587 149,370 Totsl Income 66,354 103,587 169,941 EXPENDITURE ON: Chafitable activities 20,692 20.692 Total expendlture 20.692 20.69Z NET INCOWE FOR THE YEAR 45.662 103.587 149,249 IAOVEhlEMT IN FUNDS 45,662 103,567 149,249 Recondllatlon of funds: Total fd5 brought fOrd TOTAL FUNDS CARRIED FORWARD AT 29 FEBRUARY 2024 45,662 103.587 149,249 IX)NATION5 AND GRAl¥tS Unrestrfcted Re5trfcted Funds 2025 Total FLmds 2025 Total FLmd5 2024 2025 Donat1$ Grants . HM Govemment CcthmLnity Chynershlp fund Grants - Ineos Grants - 29th May 1961 trust Grants - New FoTe5t Dlstrlct Councll Grants - Other 103,184 178,156 281,340 1,780,(KXI I,780, 20,LI 50,CO) 50.C 10.CXX) 10.CMJO 5(Xl,(MIO 5CL),C(KS 20.571 Total grants d(Thtion5 103,184 2,538,156 2.641,340 20,571 19
FOXIE'S FUTURE NOTES TO THE FINANCIAL STATEAIENTS for the year ended 28 February 2025 Income from Gov•rnment grants £1.780.(KrfJ was recelved from HAI Government from the Community Owner5hfp FurKI to fadlltate the wrchase of the Foxlease Estate from Glrl8uidlng UK and has been fully retogntsed In the year. There are reportiry condltiorts and a requlrement to keep the asset in community Use for a further seven years. £10,OC(I was recelved from New Forest District Qwnol, there are no unfulfilled condltlon5 reLatlng to th15 8rnnt. Bu5ine55 rntes rellef was allocated during the yeaT. other government atance has been received In the year Iprlor year £nil). INCOME FROIA CHARrrABLE ACTNMES Unrestricted Restrlcted FLThJs Fund5 2025 2025 Total FurKIs 2025 Totsl FuTrls 2024 Income from Foxlease Park 'SaYe a Brick, Campaiw for purchase Foxle'5 Famlly MEmbership Crowdfundln8 for purthase Events and other fundralsln8 ArcharKlise sales Ipromotlonal) 716 716 7,045 13,801 17.907 7,045 ZO.155 4,513 83.432 19,402 21.868 13.801 17,907 Total income fw charltable attltIeS 14,517 24,952 39.469 149,370 INCOME FROM OTHER TrADING AcTlEs un$ttted Re5tr1cted Fund5 Funds 2025 2025 Totsl Fund5 2025 Total Funds 2024 Alerchandise 5aLes {onllne and slte shop) Fundralslro events 23,359 6.821 23,359 6.821 Totsl IKome from charitable actfvltfjes 30,180 30,180 Since the purchase of Foxlease Park has ten achleved, income from ch4ritable activities are now considered to be Income from use ot the 51te by beneficlaries. Fundrai5irry events and sales of new and second-ha1 goods are consldered to te tradi activltles in 5UPPOrt of the charftable actlYttie5. ANALYSIS OF EXPENDITURE Lknrestrlcted Restrfcted Funds Funds 2025 2025 Total Fund5 2025 Totsl Funds 2024 Ra151ng fwKls expeThliture Donaticffis and grants Otr trad1 actlvltle5 Investmeiit cost5 1,594 3.761 336 3.761 336 Charftable attfvitie5 Foxlease Parl( Othef drItable athities 80.501 55,264 135,765 20,692 Total eypenditure 86,192 55,264 141,456 20,691 ?0
FOXIE'S FUTURE NOTES TO THE FINANCIAL sfATEMENTS for the year ended 28 February 2025 EXPENDrrvRE UnrestsicteLI Fiestricted Total Fun(is Funds 2025 2025 Total Funik 2014 2(Y25 MErchandise Costs Marketlng Subs15tence Staff tralnlng, DBS checks etc ¢Xflce Statlcmery Comwter & Software Fundralslng Fees Event Fee5 Utilitle5 Telephone Repair5 and nIntenance kn(tanCy Fees Legal Fees P4Jslness Insurance Consultanry and Profe55ional Fees Depmati 64 80 1,083 1,083 216 192 8,552 204 9,185 121 8,358 12,511) 2,651 36,886 1,863 9,185 121 19,048 12,YX) 2,651 76,960 6,363 10.690 40,074 798 80 Eywditure for the year is stated after tharyln8: 2025 2024 AlItOrS. rerrrtmerntion - for 20Z4 Independent examinati •Wdltors' MuneratICffl . for 2025 audlt 3,51YI 12,5 STAFF COSTS AMD VOLUMTEERS The Charlty dld not emFioy any staff In the accountlrrd perfod. No remwleratlon was paid to Tru5tee5, or persons d¢xely connected wbth them, In the perfod 12024: £nill. Two trustee$ recefved re1mr$eMent of £1,547.80 for tr4vel and sub5iStence, shop stock and repalrs and rna1ntenan costs on site12024: Enlll. General Volunteers Irthrtook fundralslng. admlntstratlve, malntenance, cleanln8 and receptlon (krtie5 durin8 the year. 21
FOXIE'S FUTURE NOTES TO THE FINANCIAL STATEMENTS for the year ended 28 February 2025 FIXED ASSEfs La Bulldln Plant and machlnery Total At l Marth 2024 Additions At 28 February Z025 2 364 547 2.364.547 630,0 13,753 3,(M)8,300 Depredatlon and Impalrment At1 March 2024 Charge in year At 28 Febnwry 2025 6,823 carn¥ amount At 1 March 2024 At 28 FebrLry 2025 630,( 2,357,724 13,573 3,1XX,297 srocK 2025 2024 Shop 5tIKk 449 10. DEBTOR5 2025 2024 Accounts receivable Prepayr*nts and accrued IOme VAT recialmable 72 47.649 4,587 52,308 11. INVESTMENTS 2025 2024 Cottaqes heid for resale 1,175.) 12. CREDITORS 2025 2024 Accounts kxyable Accruals and deferred Income CMUnIty loans Other loBns 14.142 54,818 1,273,285 3.5LXI 1,412.245 3,5 Cornmunfjty loan$ are unSed, have no interest payable aThJ are due wlthln one year.
FOXIE'S FUTURE NOTES TO THE FINANCIAL STATEMENTS for the year ended 28 February 2025 13, LONG TEIIM LOANS Z025 Z024 Unsecured loans falling due between 1 and 5 year5 290,LMXJ 14. COKTINGENT LIABILMES grants12025: £2,230,tJ)0, 2024: £nlll used to wYtha5e the property have reportin¥ and usage conditiors attached to them ¥thTth if not met could necessitate the repayment of the 8rants. The tntstees conslder it unlikely that the conthtlons will not be met. 15. UMRESTRicfED FUNDS Icurrert yearl Gerwal Deslgnated eserve funds Total Owing BalarKe st5 for year Transfers between funds 45,662 62,246 45.662 6Z,246 2.565.621 2,565,621 Balan at 28 FebrLMry 2025 107,908 2.565,621 2,673,529 UMRESTRicfED FUNDS (prior year General reserve De51gnated fund5 Total Openir¢ BaiarKe SurplLLS for the perlod Transfers between funds 45,662 45,662 BalarKe at 29 Febtijary 2024 45,662 45.662 16. RESTRThD FUNDS The income fund5 of the charlty InCIJe restricted furK15 comprising the folln9 balances held on tritst to be atvlled for speclflc PL*poses: Current year Openlnq Balan 2024 Movement In funds Resources expended Balance at February 2025 Incomln8 resource5 Transfers Save a Brtck CroVUndin8 Communlty ownershlp fund Purchase donatk>n5 grants Equlpmert fund Maln house restoratlon fund Site fund 20,155 83,432 7,045 17,907 1,780,OLKI 693.4LYJ 3.750 IZ7.2001 1101,3391 140,0741 11.739,9261 1693,4Q61 {3,7501 1,0 44,810 60,tMI 115,190) Total restrkted 103.587 2,563,108 {55,2641 12,565,621) 45,810
FOXIE'S FLtruRE NOTES TO ThE FINANCIAL STATEMENTS for tho year •nd•d Z8 February 2025 Prior year Opening Balance 20Z3 Movement in fund5 Resource5 expended Balance at February 2024 20,155 83,432 kKryning resource5 20,155 83.432 Transfer5 Save a Brick CroWdfdI Total restritted 103,587 103,587 Save a Brlck Thls campaign offered swcters the p)rtlty to nomlnally save a brlck, or other part of the Foxiease bullding¥ With fund5 raised being u5eé towards the purchase of the Foxlease Estate. Thi5 fund closed 19 November 2024 because. after the sKce5sfui purchase of Foxlease Park, nthy save a brick incorne Is unre5trfcted. CrowdfundSn8 An cline CroWdfding appeal was I3ched in the prior accountlng period. wlth the exptessed alm of purchasln8 the Foxlease Estate from Giriguidin8 LJK In order to save It from clwe and to ensure that the 51te remains available for yo8 pryle and the local. natlonal and Internatlonal cMnIty that have used the site. This fund c105ed on 19 November 2024 becae, after the 5ucce5sful purchase of FoxLease Park, new crowdfundlni IrKome Is unrestrlcted. Cornmunfty Ownwthlp Fund Thts fund Is the re5Lrtt of a succe55ful bid to HM Government'5 Community InershIP fund. The funds were expre551y for the wr¢hase of the Fryxlea5e Estate and to cover sthme a(klitlonal costs. Thls fu)d was fully expeThled In the year. Purchase donatlons and grants These pledBe5. donations and grants were restricted io the purclkise of the FoxLea5e Estate. Thls fd closed on 19 November 2024 to rw donations aTrJ grants and wa5 fully expernfjed In the year. Maln Ise Restoratl•)n Fund This fd Is fcff datiOnS and grants expressly 8fven for restoratlon of the main Equlpment Fund This Is for donatlons and grants expressly 8fven for equipment. During the year to 28 Febnwry 2025 thi5 was 5t C new c¢erS for the self-caterinq group accommodatlon. Slte Fund Thls fimd ts for thatIOnS and grants expressly given for improVeentS and expendlture on the vAder slte. t)urin8 the year thi5 was mainly spent on eompllarKe. heatlnq and electrfcal Works. On the purchase of the Foxlease slte on 19 November ziri5 all fund5 restrfcted to the purchase have been released to an unrestrfrted de51qnated property flu Lo reflett that the assets are freely •vallable for by the charfty but freely avallable to SF1. 24
FOXIE'S FLMJRE NOTE5 TO THE FINANCIAL STATEMENTS for the year ended 28 February 2025 17. ANALYSIS OF NEf ASSEfs BEfwEEN FLWDS Current year Flxed Cwrert Current assets assets liabilities Long temi Total net assets at Ilabllltie5 28 February 2025 Unre5tr1rted fund5 Designated funds Restricted fun(is 435,676 1,374,477 11,412,245) 2,565,6Z1 I290,£1) 107,908 2,565,621 45,810 45,810 Balan at Z8 Febrthiry 2025 3,1)01,297 1,420,28711,41Z,245I {290.000) 2.719,339 Prior year Fixed Cwrent Current assets assets liabilltles Lon4 term Total net assets at liabilities Z8 February 2025 Unrestrkted funds Des18nated fund5 Restricted furKIs 49,162 45.662 103,587 103,587 Balan at 28 February 21r24 152,749 I3.5) 149,249 18. RECOIKILIATION QF Nrr DEBT At Start of year Cash Total Cash at bank and In hand Loans fallin8 d within one year Community loan5 l)ther loan5 Loans fallfng after one year 152.749 160.2191 92.530 11.273,2851 11,273,285) I70,0) 170,Cts)I {290,IXiII I290,0} Balance at 28 February 2025 152,749 11,693,504> 11,540,755) 19. RELATED PARTY TrANSACTIONS The charlty's tru5tee5 are consldered to be related partle5. During the year. the tharity entered into the foll¢vIng tran5aCtiors with related partie5: Trustee loans Durfng theyear. tntstees provI<d loans to the tharfty to wpport cash flow. The total amwit advanced durfnR the year was £406.(Kil. of whlch E406.OCKI remalned cwtstan¢Jlng at the year end. The loans are interest-free and are repayable In 12 months, excludiry £290,OC4) whith15 repardble In 5 year5. No security ha5 been provided. The tru5tee5 corysider that the ternis of the loan are more favourable than those avaiLatAe ccmmercially. The trustees donated £7,435 to the charlty In the year12024: £nill. No other related party trdn5artl5 occurred durin8 the year. 25