Ch•rlty r•g*trabon numbw 1206184 (England •nd Wales) HOFS {HADLEIGH OLD FIRE STATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 HOFS (HADLEIGH OLD FIRE STATION) LEGAL AND ADMINISTRATIVE INFORMATION T￿lee* S. Wllis N. Tum Ch•rlty ntsmber (England and Wal88) 12(k$184 Prfnclpal addrn Hadltyh (Al Fire StstK H*Jh Street Hadleigh Benfleet SS7 2PA lThl•pond•nt •xamlMr Paul Stafforf FCCA Cwnbertand House 24-28 BaXte[Av￿v& SS2 6HZ HOFS (HADLEIGH OLD FIRE STATION) CONTENTS Trustees report Independent examin¥s Stslement offfinancaal Balance she81 Notes to1he finaThial statements 7-13 HOFS (HADLEIGH OLD FIRE STATION) TRUSTEES REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Tn￿lee8 present Ihew annual rewt and fin8ntSal stateM￿ts for Ihe perir•J WKled 31 Marth 2025. finanaal stalements and comply with the tharitys (yJnstitut*)n. the Charittas Act 2011, FRS 102 The FinancA81 Reporting Standard applKabl8 in the UK and Reput1￿ of Irelarhj" and the Charilies SORP 'Accoun￿n9 and Reporting by Charities: Statement of Reccrfnrnen￿ Prac*e aptAKatrAe to dwilies preparing th*r *¢xounts in accordarKe wth the Fin￿7a1 RepOrtU￿ Slar*ard ap[￿*[￿e in the UK aThJ ROw￿l1G0f Iroknd IFRS 102)" Obfvctives and acllvltso• The winopal of the c*arity is as a dwritaNe IrMy•Naled Nganisation for the pubk benèfiL to prornot*. malnlain, and advance the edLution of the inhabrtants of Essex, parti0￿[ty but ￿t exdusivety. Castle Polnl In particular thè promtion of arts in dar￿. Meralure. pc*ty. nxth. theatre, axnbined arts aThJ Visual arts (painling, dravrring. S￿Iply￿. wntmakMYJ, photography and film). Thè Trustees are aware of their duty uThJer S.17 of th8 Charibes Ad 2011 to due regard to thè Public Benefft Guidance putAished by the Charity CommissKm. As $￿th, the Tnjstees •nsure that the acti￿￿eS of the charity arg for ihe publtc be￿. The Trustees would like to th￿k all those donated theYllm8. expertise during the year. . 2￿4 saw In exc*s¥ of 16.51￿ peoplg th1￿ cwr dc￿ al •aMty . Cbffjr 1.500 hQ¥j￿ 0f￿￿MUnty a￿1 ueatibt actr•ity t￿k r . 33 organisalions. groups. arttsls and individu* were abl8 to use HIFS for ovents and 8th￿88, ueatlve workshops, perf￿n￿ and exhibitions . 28 Crèat￿ w0￿$hOp se￿On￿ were attendwj by over 470 thIIs . 13 eommunty rinema 8ueenings attra¢Xod a totsl audien￿ of 841 peoFde . S exhibitions of visual art. photwath and Nm produced ty local uealiws and ueatib* orggni8attMS SW . 4 exhibrt*Jns shryKased the wc•lt ofariMxKI 140 &u￿with 3eii %rfslt . 4 theatrical and mus¢ attracted a t￿1 awjlerkx of270 . Over 1XI hcwrs of ueative sessiorts (art & I￿￿T￿nL fnalpM p*) speukaly for babie8, pre-sd￿￿1 and sL*ool age (*iklren We kncrtv from feedback from tteative iThJi%ryduab arKI cvgaras8kns. extemal ag*Kies and member8 of the publ that HOFS is highly value6 as a coThwThJnity hub and ￿rge0Thng ￿mUraI asseL One re¥*￿T commenlirwJ:. Wiat an inG￿dIN9 th to exts art. Ev*rytcrt￿ rnfjds a ceth Iko ttws. Strategle pOrtnernhi￿ and collaborath)n$ The tharity has eslabfished stroThJ relalionships aTrJ patherBhips WTth (￿l￿e Indi￿d￿al$. groups and ¢wliural seL#or organisations to d8lNer our charrtable purpose. ￿fjth ts supp)rt ol the she owners. we have been oNe lo secure a lease cffl the bulldiNJs and make ThK*Jest Up￿adeS to effjsurg viatilty and su#ainabllity. TakiwJ a strateg￿ and pro•kn role nurbJriThJ an ￿OSysteM of ￿eati￿. lo¢al arts, ¢)Jtural and heritage organisations- HOFS has a glowing reWrtaknC￿ for high quafrty yel ooxssible oppj1un￿e5 for our benefioaries to parttcipale in a wmle rary of artforn￿ not IL￿1 as a passp￿ auLlerte member. HOFS (HADLEIGH OLD FIRE STATION) TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Highlights frIMn the Perlod During the Period HOFS provided spac9$ for Community 8LXithUas to continue and for our establl8hed ¢￿911Ve community to thrive. Our popular communmy anama project CA)nlinued to offer ¥ ¢ur8led progrnmme of rec8nly re1088ed British and worfd cinema films and d0￿MentarieS that lo¢al residents were able lo enjoy in a reL2xed atmosphere on Ihelr doorslep. HOFS hosied SITh Up Pftxluctions for their second and third annual seasonal all-female production. Our partnership with Show Up r8sonat8s wrfh our own aspirations Ihmgh their innov8lwe 'pay what Ye￿ can, li¢keling ethos and misskn lo introduce theatre to Castte Polnl residents who have never been bttfore. Estsblishing a working partnership with Castle Point based Estuary F&sllval CIC was plvotal In raislng awareno$$ and widening participation at HOFS during thg Period. Through the partn¥rship. EstU8ry Festiv81 were ablo to bring rich and dynamic conlenl, animating the space. supporting us as an emerging organisation and gain confylence in our pjace in the wider cuttural ￿nteXt. In partnershlp with Roy81 Opera & BaNet we were delighted lo delivor 500 t%Jxes of craft supplies to families throughout rnainland Caslle Point and Canvey Island. Distributed through our local AssLxyalion of Voluntary Services. Yellow Door Youth Projed. attgm81ive sd)ool providers, family hubs and the Jewish community rAnlre - 500 large craft boxes suppliéd by HobbycTrft 8nd c#>ordinaled by The Crnft Counthl. meant families throuyhoul the borough normalty wilhoul access to these resources, were able to enjoy the Sup￿les In time for Chrlstmas. Supporting Hadloigh & Thundersley commun￿ A￿h1¥8 (H&TCA), based al HOFS, H&TCA have continued their work engaging vAth both axistlng resldents and those rw lo the area through c￿lectIng memories and storiti8 Shared through a digital archivo, speclallst publications and in-person Sharing events. Other actNty made possible by Ihtt facilities indLMled weekty opportunitEs for residents of Castle Point lo tske part in fitness and wellbeing activities.. to dance, sing and leam to ptay music - inclutling brass and jazz bands and a drumming cirGl8. Castl8 Point rèsid8nts had the opportunty lo tsk8 part in prinlrnaknng. phoiography. pottery and creative sketch book workshops run by local artists. HOFS hosted a lotsl of four exhibitTons by local sixth lomi colkge USP Iseewc). Slvdents briThJing their work from wilhSn the confines of the College to the public proved an invaluab19 9XPgriencg ong sludent sgying:_ Yhis w8$ 8 V8ry ex￿lIng exp&iience. Tth"s was n7y show In a pKwr eX￿bI￿on space wlith allow&d mo to h8vo fullerv8twe Iwdom ofhow I showedmy Wofk." Our 8rtrsl o)mmunity based in creative workspaces al HOFS threw open thelr doors durfng Owi Sludlos events, allowing publtc access to see work in progress and sharè techniques aftd processes. Supporting thè nèwly fomied CAOS (CasNepointArtist Open Stud￿) the events attracted over 240 visitors ovgr on¢ wg8keThJ. As pl8n8 for the fijture take shap8 we wlll strfv8 lo make every Inlera¢tion with the arts an opportunlty lo leam and lake part regardless ofage. experience or bxkground. Flnanclal revlew UnrestriGled reserves of £30,688 werè carried forward at the 8nd of the year. No reslrict8d reser￿s were carriad forward. Going con¢em Ft is thg Miow of th& Tw8tee8 that the charity Tepresents a going con￿rn, and ￿tinUeS lo do so on an ongoing basis. It is the policy of the charlty that unreslricled fvnds which have not been designated for a specrfic u8e Sh￿1￿ be maintai￿d at 81gvel oquivalent to between three and six month's expenditure. The Trustees considèr that rèserves al this lev81 will ensurè that, in Ihe event of a significant drop in fvnding, they will be able to continue the chari￿¥ urrent aclivilies whlle consideration is given lo ways in whi¢h additional funds moy be raise(l. Thi5 level of reservès has been maintsingd thro(tghoul the period. HOFS (HADLEIGH OLD FIRE STATION) TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 An additional 8mounl 18 sèl aside lo match fund fundraising opportuniiie8 and as seed funding for public prc8r8mming. The charity'$ prSneipal source of funds for the Period was communmy hlre of the Appliance Hall and 8maller meeting rooffls. From January 2025 additional revenu& began from licensing 14 ueative work8pace8. Fundr8lslng for the Period hgs consisted of h¥0 Small UKSPF grants and a ¢ontribuion from the ske owners, Essex County Counol, to upgrade the hire sp￿e lo improve wabllty and sustslnablllty. StnKtur•• 00￿Manc• and m•nag•mont HOFS (Hadleigh Fwe Station) CIO is also known as HOFS CIO or slmpty HOFS. Trustees are the only voting members of thg tharlty. The maximum permitted numbèr of Tru$lg0$ 1$ ￿e1Ve. New Trustees are appointed by a resolutlon pawd at a prowrfy convened meeting of 8X¢Sting charity Trustees. In 8de¢ting irHlwiduals for appointrnent as new Trustees, the existing Trustees are required lo have regard lo the skills. knO￿edge and experience needed for the effective adfflinislralion of the CIO. Other than th8 ffirsl Trustegs. appointrngnt is for a temi of three years. The daY-t￿daY operations of Ihe charfty durfng the Period have been performed gxdu$ively ty the Truslees. The Trustees who seNed durfng the perfod and up lo the datè of svJnature of thg financial Statements wgre.. S. Wllis A. Hockett N. Tum8r The Trustees report Was 8pproved by the Board of Tiustee$. S. Willis TruBts• A. HoL*ett Dale.. f- 11-201 HOFS (HADLEIGH OLD FIRE STATION) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOFS (HADLEIGH OLD FIRE STATION I fgport lo TfU81¢e$ on my examlnalon of the finandal stalem8nts of HOFS IH8dlolgh Old Flr8 St8lion) Oho chaiityl for Ihe perlod end¢d 31 March 2025. Ro•pon8lbllltlo8 and ba•1• of r•port AB Ihe Trustee$ of the charfty you are re$pon$Sble for tho proparatlon of Iho fina￿101 $tstemenl$ In accordance *wllh the requlremenl$ of Ihe Charlllgs Aci 2011. l report In respect of my exofflinotion of the thariV$ ffinandal statements ￿rr￿d out under sectlon 145 of the Charities Ad 2011. In carrying out my examination I haw followed the Dlr8Ctions ￿vOn by the Charfty Commi86k under section 14515)Ib) of tho Chaiitle8Art 2011. Indop•nd•nt •x•mlnorf• •tatem•nt Your attgnliw Is dr8wn lo th8 fact th81 the ¢harfty ha8 prepared tho flnanclal st81gmgnts In 8CCQTdanc4 wSth tho relovant varslon of th8 Slglemént of Recommended Pr8Cti¢e appllc8ble lo chArht8S W8P8rfng thèlr flnanGlal 8latemgnl$ In accordanc& wllh the Flnandal ReFortlng Standard appll¢able In the UK and Republlc of Iroland IFRS 1021 In preference to the Accountlng and Reportlng by Charllle8'. Statement of Recornmended Practlce issued on 1 Aprll 2005 whid) 1$ r•forrod lo in the gxtant regulalions but ha8 now b•8n wrthdrawn. l und&rsl8nd Ihol Ihls ha8 been done In order lor the financlal 81atemenls to provlde a tru& and fglr vlew In accordance wlth UK Generally aptgd Aw)unllng Pradc4. I haw completed my oxamlnallon. l o)nflrni that no matters have come to my attenllon In ￿nn8(alOn wllh tho xamlnallon glving mè caus• lo béliev8 that In any m418rial rg6p8d'. accounting r￿)rdS warg nol kopl In respeal of tho ¢harlty 98 rgqulred by 89Gtlon 130 of thg Charlt1•8 Act 2011. tho financlal Slalements do not accord wllh th088 records,. or the flnancbal slalem•nls do not comply ￿th th& applicabl8 r8qulremonls concemlng the form and conlenl of financial s*at8ment8 set OLrt In the Charltles (Accounts and Report81 Regulallon$ 20Q8 othw than 8ny rgqulremenl that the fin8naal 8tat•m8nls gfv• a tru• and f4lr vl•w, whlth18 not a mattér con81dered a8 Part of an independonl examlnallon. I have no ¢onc8m8 and have o)me acr088 no other matter& In connectlon wllh the examlnallon lo whlch attenlon Should be drawn In Ihl8 report In order to gnablp a prop8r underslandbng of Ihe finandal stslemenls to be reached. I Staffo CCA Cumterland Hou$• 24-28 8gxterAvenu• Souihend on Sea Essex SS2 8HZ HOFS (HADLEIGH OLD FIRE STATION) STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE PERIOD ENDED 31 AIARCH 2025 UnMtrI¢￿ Ro*trlcled lund8 2025 Total 2025 2025 Incomè from: Donalttin$ and l898ca•8 Charitable a¢tswlS•8 Investments 14.875 48,280 15 15 Totsl Incom• 48,320 14,87S 63,195 Exp•ndltur• on: RalsSng funds Charltable aclfrllkns 16,952 14,875 31,827 Total •xp•nd1￿r• 17,632 14,875 32,507 N•t Income and MOv•￿t th lun R•conGlll•tlon olfvnd•: Fund hLgnc•8 8113 D8c•mb•r 2023 Fund balancm at 31 Pla￿h 2025 Tho 8t8t8m•nl of ffin•nd¥l Kllvlkn 81 gains aThJ If￿1￿ rwlwd in th• pwknj. AJI Irv))m• •nd expendlture derl¥e from ￿tInu1Th) HOFS (HADLEIGH OLD FIRE STATION) BALANCE SHEET ASAT31 MARCH 2025 2026 Flxed a$￿tr Tangl￿e assets 12 3.018 Curr•nt assots Debtors Cash at bank and in hgnd 13 2.082 30.478 Cyedltorn: amounts falllng due wlthln one year 14 14.890) Net ¢urront*ss&ts 27.670 Total •8sets l•Bs curr•nt Ilabllftlos 30.688 Th• fvnds of th• ¢harlty Unrestricted funds 16 30,688 30,688 -IZ"Zozf The lthanclal statements were approv8d by the Trust¢e8 on......................... s. wiri8 Trustsg A. Hockett Trustsè HOFS (HADLEIGH OLD FIRE STATION) NOTES TO THE FINANCIAL sTATEmE￿rs FOR THE PERIOD ENDED 31 MARCH 2025 Accounong polkles Charlty Infornwtlon HOFS {Hadleigh Old Fire Stsl#)nl is a ¢twitth assooaiim whKth is govwned by Ms ￿)nSI61ul10n dated 13th Dec*mtw21Y23. This ently 1$ a benefft enbty. resistered in and NV*. The thaiity *0 goes by the naffes ofTrlOF¥ ar•1 X)FS CIIY. 1.1 Reportlng pethd Th8 ao))unts cov8r the perknd from iTh)ypor•ib)n cm 13 Oecanber 2023 to 31 2025. 1.2 8a¥ls of weparatk•n The finanaal stslemenis have teen prepared in a￿4¥dan￿ wilh thg thariiys govwning d0￿M9n1. the Charitres Ad 2011. FRS 102 Tr Finanual Repc*ling Standard appl￿ in tho UK and Repub￿¢ of Irekn and Ihe xunts in ac1))rdan￿ wilh the Finanual Reporting Standard ap￿l￿ble in the UK and Re￿bI￿ of IrelaNI (FRS 11T21-. The t41*ity is a Pthlic Benefil Entity as defir*d ty FRS 102. The c*arity has taken ath•e of fv wis1or￿ in the SORP kn d*rii*s not to prepa￿ 8 stat￿ent of The finan¢ial statements have departed from the Chathes IAco)unts and Reports) Regulations 2008 onty to the extent r8quired to prowde a Inw aThJ fwr view. departure has invofved I0￿11ng the Statement of Recommended Prathc8 for d￿rItreS apth.ng FRS 1tr2 rather than the vtirsion of Statement of Recommended PraciK8 whth is referrod to in the Re9ufations but 7fv&htth has been withdrawn. The flnarKJal statements are prepar8d in stethrq. is the ftrf¥)nal wrrgr#¥ of the tt¢rity. Mongtary nts in these ffinancial statements are r￿nded to tho £. The stalemenls habE been PTep¥ed urttjw t￿$1￿1 rg)St rJ)rNeth. lnK#jrf￿ to indude the revaluation of freeh￿d proFerties aThJ to indude investr￿1 properties certain firrJn(ial instruments at fair valugl. The w1neip￿ ac*JyJnlirwJ FdKyes adopted are sel c4rt bth. la Golng ¢on¢em Al the time of appmNiThJ the flnarKaal statements. the Trusteès a reasonab￿ expectatK)n that the d)aiity has adequate resources lo c*)ntinue in operational elisten￿ for the foreseeat4e fijtttrg. Thus the Trustees ntinue lo adopt the g￿n9 basis ofaLxxKmting in preparmg the fin￿(la1 statements. 1A Charltsbl• funds Unre8trKaed funds are avallable ts use at thè dIsc¥elic￿ of the Tnths in frjrt1￿nc8 of thèir dMrit4ble objecbves. Restr#aed funds are subpct to 8peafic i¥ThJil*)ns by grar)toTs as may be used. The purposes aThJ uses of the restsithd fijrbts are set in the notes to the finanoal slat8m8nts. Endowment ful￿$ are subjad io speufic that the caprt81 must be maintained by the charity. 1.$ Income Income is reC>jgnis￿ when the L*aiity 15 *ally enlitled to it after ary perf0rnan￿ boen met, the amounts can be measured rel￿bty. and it is probabte that wil be recwved. HOFS (HADLEIGH OLD FIRE STATION) NOTES TO THE FINANCIAL STATEMEMfs (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 A¢¢ounOng policie IContlnu•dl Cash donatlons ats recrynised on re￿IpL Otsr donations are recognisad once the tharrty has been nolmled of the d¢￿￿tiOn. unth perf￿rnan￿ o)ndibons requi￿ deferral of the 8mounl. Ir￿me tax rec4)verable in relation to donati￿$ recefypd under GiftAKI or deeds ofcornwrrt 15 rectsjrlsed at the time ofth& donation. Grant ino)me. induding govemment grants. ts recx*3nisod wfien the Charity is legalty entitled to it after 8ny performan¢* ¢))TrJitions ha￿ rrf the ar￿Unts can be measured reliatty. aThl it is wobabie that Income will be recaved L*es are tecx)gni8ed on I￿1p¢ or 01her￿ rf tr* rthaiity has notrf*d of an IM￿dIng dk8tributwJn. Ihe amount is knthvn. and rKdpt Is expeded. W the is knNn. the Iw k treated as a ¢xnlingent asset. 1.6 Expend1￿1* Expenditure is reo)gnl*l onc8 tse Is 8 lega cv lXnstr￿ cljligatkn lo transfor 8cnnomic bènefft lo a Ihird ￿rty. it is probatle that a transfer of eLfrfWtc beneffts wll b8 [9qui￿1 li 8ettIw￿nl. and the amount of the 0￿[gatiOn can be measured ￿l￿1b￿. &¥penditure is dassified by actrvity. Thg thsts of each a• are made up of the total of direc4 ￿51$ and shared costs. induding SUFWt ¢x)sts irwolved in undertaknro each athity. DIr￿t o)sts attritrojtabte to a slngle activity are allLKaled diredy lo that athvlty. Shared costs whic* contribute to more than one acti¥Aty and support Costs whith a￿ not thbutat4e lo a acbwty are apprytson&Y betsveen those aL*th on a basis consistent wdh the use of resources. Central staff costs are alkK2tèJ on the basis of time spgnL and depwation d￿r￿S are all(￿d on the ofthe assefs use. 1.7 Tangibl• f￿•d asoots Tangible fved assets are in6tr81ty ￿￿SU[ed at ojst and subw• I￿aSUred at wst or valuaU￿. nel ol dewed8tton and any impa￿nI losses. 0￿4a￿on Is re¢ognised so 88 to wite off the (¥Jst Lyvaluathon d ass8ts * tr*ir reS￿lUa1 values overtheir useful fves on the frAlwng bases.. Fl*lure8 and filtings Stsaight Ine. 5 y88rs The gain or knss arising on the ijsposal of on asset is dglennW as th8 between thg sale prmd8 and the carryir¥J value ofthe asset. arKI 1$ r&))gThs￿l in the statement of finarK4al aGtivilies. 1.8 Impainnent offixed a*5•ts Al each reporting end date. the tharity rev*w$ the C￿n9 amounts of its tstvJibJe assets to detemlne whether the￿ is any indicat￿n that those assets have SLrffwed an impairment loss. If any such indicatic41 exi*, the rec4Jverable amount of Ihe a&ryel 1$ estimated in order lo detemiine the extent of the impairnenl s (rfany). 1.9 Cash and equlvalonts Cash and ¢ash equN4lents indL)Je r2sh in hand. deFosits hekl at can wilh banks, other short.term IiquKI investments wrfh ￿lginal maturities of ftb)n￿ or less, and bank overdrafts. Bank overdrafts are shown ¥*ithin borrvMrys in ￿rrent liabnth8. HOFS (HADLEIGH OLD FIRE STATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AIARCH 2025 A¢counUry poll¢l•• (Conllnuedl 1.10 Fln•nclal hMtrum•nts The tharfty has elethd to appty the pmmslons crf S8¢lion 11 'Bawc F#￿n(la1 Instrum￿18, and s￿ikIn 12 'Other Flnartaal Instruments Is¥uos' of FRS 102 to all of rfs fffj¥Kial instruments. Flnancial instruThnts aro recognised in th8 ¢*arWs sheet the tharlty b￿m•S paty to th• contractual pro¥1￿0￿5 of the instrumenL Flnanclal a8$0ts and Ilabllltm ar8 offset. wilh thg net amounts presented In the ffinand818tatemenl8, when th&ra Is a legalty enforceable light to set off th• rwnisod an￿)Unts #nd Y*￿1$ on Inlentk*n to soltle on a net b980 orto rèall8e the •u•t and the Itabllty sImUltar￿*. Bas1¢ 8•sic fina￿181 0$8et$. wfikh Inct¢Ae dèbtorts and cash and bank balAn¢*S, are Snllialty rneasurgd at tran8aCtSon piice Indudlrrfj trans*￿ c¢sts and are subsequ￿ty carriod at amorti88d cost UBlng thè 8ffedv• Inter•8t ffleth¢)d unleu th8 arrangomenl eonsutules a finondrvJ tran8action. vthera the transac*lon 1$ mgasure(l al the present value of Iho fijbjffj w¢4>18 th'piixinted at o fflarkel rate of Intere81. Flnancial 888•ts dag81r￿d 88 rncèfvable within on• not arnortlsed. ffinaKJal1[a￿lI1￿e8, indudirvJ ugditors and bank bans are IntUally reo>3nised al tran8acUon price unle88 the 4Thgngemenl ¢onstliuios a finarviw transac1#￿, where the debt Instrument Is measured 81 the present value of th8 future payments diso)untsd at a m•tht r•18 of intomt. Fin8ncy•l hablllJe8 da881fiod a8 poyabl• within ono yo41 are not •mc*ti84d. D•bt In8lrum•nts ar• carded al OXL u$lng Ihg Inlwesl rgtg mothod. Trade c¥8dilors are o￿lga￿S lo pay for gc#>l8 or Gervices ihal have b88n aaJuir8d In tha Ordlnary wurs& of owalSonB from SUppl￿r$. Affw)un18 payable are dassified as ￿rrant IbgblllS88 ￿ pgyment Ss duo vAlhln ong year or less. If not, they are p￿￿lIed as non￿rrent liabilitses. Trade c*edilor¥ are recognlsod In￿O11Y 01 transaction pri￿ and subwuerfy m&asured 81 amorlmd cosl u51r￿ thè effadi¥a inl•r•81 mothod. D•rn¢ognlekn of ffn•rtelal Il•blllll•s Flnandal liabilib.es are derecognised when IIKI th8rfty'8 txntrartual oblyth)n8 explrts or Are d*charged or cancdled. 1.11 employ•• b•n The o)sl of any unusgd holSday entldement is rectyni58d In the pwhid In whlth tho •mpbye•'s sthLy)$ 8r• received. Temiinalion bengffts are reo)gnised imme(fialety a8 an expense *then the thgrity Is d•mon8trobly LMimM•d to terminal8 the employment of an emthee or to ￿ld? tenninolion benefkn. CrlUrAI 4¢Muthtlng t8llm•l•• •nd ludge•i*nts In the ap￿1¢at￿n ot tho ehariV$ aLx¥xJntirwJ ￿￿e$. the Twstees are raqulred lo make ILMlg8m8nl8. estim4t8s and assumptions 8boLrt the carying ar￿Unt of assets and ILqbllitles that are not readily apparent from other sour¢e8. The esbm*es and as￿lated assumptions are based on historical exp8riorTh and 0th8r factors that A￿ (x)nsidered to be r8lovanL Actual ￿SuIts may thffer from these estimates. The 8stimales and undedying aSsufflptio￿ are reVéwed ￿ an owwirvJ basis. Re¥isKJns lo a￿untIng estilnales are reo>3nised in the pertr)d in whith the estlmate is reThd **h￿re Ihe r￿￿10n afferts only that ped¢A. or in the ￿lOd of th8 mlsk)n and fu￿re p*ic*Js whero the wsion affects b(Ih current and ftrttwe peric*Js. HOFS (HADLEIGH OLD FIRE STATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Totsl fund$ 2025 2025 2025 Donalions and 9ft5 Gpants 14.875 14.875 25 14.87S 14.WJ Ine