Ch•rbty regl•tr•tlon numbtrr 120970e FISHBOURNE PLAYING FIELD ASSOCIATION CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PEAIOO ENOED 31 AUGU8T 2026 FISHBOURNE PLAYING FIELD ASSOCIATION CIO LEGAL AND ADMINISTRATIVE INFORMATION Trusts Lynd8 Huntw ICLwled) Kewn Cart•r ICh8imi¥n} Anthony Harrison Ro8alind Craddo¢k David Cradd(￿k GeolTrey Hand P Stone (AFydnt•d 11 June 20281 Ch•rlty numb•r 1209708 Prfn¢lp•l addm• 46 Blackboy Lan• Fiihboltme Chlchest•r West Sus$•x P018 8BE Ind•p•nd•nt •Jt•mln•v Jordan Abbott 8ScACA Carpenter Box Plp•r Ho￿￿ 4 0uk•B Court Bognor Road Chithesl•f W•st Sus8•x P019 8FX FISHBOURNE PLAYING FIELD ASSOCIATION CIO CONTENTS P*g• Trugtee8' report Ind•p•nd•nl examir*8 r•port St•t•menl of fln•nd•l •c*vltl•$ 841•nc4 $h•et Ntst•i lo th• fln•ndal •t•tsmentB 7-19 FISHBOURNE PLAYING FIELD ASSOCIATION CIO TRUSTEES. REPORT FOR THE PERIOD ENDED 31 AUGUST2025 The tfUBtees present their annual report and finanual statem￿ts for the period ended 31 Augu$l 2025. The fin•nug1 ¥t8t•m•nts have been prnpar•d In accordance vmh th• awounting polide8 8•t OLrt In not• I to th• finanaal statements and compty wth the FPFA'S trust deed. the Charth'es Act 2011 gnd "Accounting and Repvlng by Charili•$'. Statemant of Recommend￿ Pr8et1￿ appllcable to charities preparing th•ir accounts in •ccLirdance with th• Finano•l Raporty'ng St•ndard Ippli￿bIts In th• UK 4nd R•publie ol Ireland IFRS 102y' l•ff¢cttv• 1 January 20191. Oble¢tlvM •nd •ctlvltl•• To furthèr or b￿efit thtr r•$id•nt• of Fi8bboumt in th• P4rlsh ol Fi$hboume and the ndghbourhood, without di8tinction of ￿x. sexual orienlalon. roc• or of political, religiou8 or other ¢)pinions by assoriat+ng tog*th•r tha 88id r•wd*nl$ ond th• lo¢al authorities, volunlory and olh•r or9ani88b'on8 in a cLsmmon •ffort lo advanc8 educaticn and to provide farAliliti th& int•re$ts of Bodal welfare lor reutsalion and l•i8ure time ocajpatlon with th• obj•ctiv• of Impro￿n9 the c4nditions of1S1• lor the re•id•nts. In furtheran￿ ol these tsty'ects but not othewse. the trustees Jhall have powor.. To estsblish c¢ J•¢ur• th• •8tablishm•nl of • community centr• and to maintain or manage Of cwp•r81• wth any statutory authodty In th• mgint¢nancAry And mAnagement ol euth • contre for actl￿tieS prom￿•d by th• charfty In fvrth•ranc• ol th• abo obj•et•. Th• polid•8 adopted in furtheranrx of th•8• objects are to encourage th• use of tho grounds by provl8lon and m¥Int•n8n￿ of Iporting Ind playground ¢¥olifj•s for both by individual m•mb•rn ol the I￿1 cunmunty 8nd by dubi and ￿￿•11•8. Chang• In con•tttutlon Th• c4)arty w•• r•gl•l•red •• • Ch4rit#bl• Incorpor•t•d OrgAni••tlon ICIOI on 22 August 2024 to t4k• ovw from the Charitabl¥ TnJ$t of th? ¥am• name. Th• o8••t8 4nd Il•b114ts'•• of tho Charitwbl• Tru•t Wore tr•fi•f•rred to th• n• charity on 31 #t D0￿mber 2024. Th• obl•L1iv8s 4n¢J ¥ctivlU•• of th• n•w cttarfty ar• fund•m•nt•lly th• ••m• •• th• Charlt*bb• Trult and I tran$￿on ha8 b￿n M¥mlei8. Furth•r d•¥•lopm•nt• •r• In proc••• A pmlect l• und•Th¥•y to dear th• mlllennlum pond and thè lurroundlng •r•• and imwov• ￿10 acce••. induding %th•elchali friendly •c¢a$J. Th51 wol•Lt IJ In pirtnership vAth Portsmouth ￿•T. Th• Tfu•l••$ ar• al80 exploring p¥rtr?r¥hlp• wth other organi8Ationg Pro￿dIng complern•ntsry D•Thic•$ lo th• ¢ommunty. Th• Men's Shed 18 now fvlfy s•t up and operational. DiJrAJssityi# •r• taking place wth * 3rd paty Om￿nY o VIOW to prowding 2 padel ¢ourt$ in addition to the existsng lenn1$ courts. Planning pernw81iM h88 been *ppll•d fty by th• 3rd party company. The Trusteèi hav• approved an inve%tment wlhin the Communty Centre lo prowd& coffee shop fac*liti'e8 throLtgh day as an exten￿On of the exl$bng i•rvic•$ available to users of thè fi•ld ond the comfftjnrty ￿ntre. Thii f4c41 will bec¢mt av•il•bl• In K4ar¢h 2026 and wll be managed by our subsidiary trading ¢omp¥ny. The TYu8t••8 ¥tM •x•mining opportunltl•$ to fvrth•r r•duc• th• c4rbon footprlnt of th• community ￿ntr• by further investrn•nt in 8c4ar en•r9y. The Trustees are working wth Fighboume Parish Council on the potential use of the cJ)mmunity Centf• as th• Village Resilience Centre in th• •v•nt of a need arising from a to￿1 ¢JS$aster. Agreement> are al￿ in place 2 local homes lor the community centre to be availabl• In thtr trv•nl that th& homes ne?d to b• •vacuated in an emergency. Publk b8néfft Th• truste•$ have paid due regar¢1 to guldance i88u•d by the Charity CommlJ8lon In dedding vth41 acti￿￿.18 th• FPFA Should unk1•rtake. FISHBOURNE PLAYING FIELD ASSOCIATION CIO TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST2025 Achl8v•monts •nd wrfornianG• Signifi¢ant 8¢tivili&s and aCh￿V￿nI￿nIS og8inst objectives The improvgm•nts in the thildren'8 play area were oJmplet•d In the year. Th• fae41iti•i for exerrAiing round the perimeter of th• fi•ld w•r• •nhanced by the provision of a pathway round the iouthom boundary ollh• fi•ld, com￿¥ting th• c4rcuit. Th• playlng field is home to The Romans youth football dub which provid88 football coaching for children aged 4 to 17, and adult I••9￿ footb411 with Fi8hboum• FC. Th• wtthe• afe 4180 u$•d by othw local footb•ll dubB for tralnlng and youth matches. The t•nnl• dub 1$ v•ry •ClI￿ •nd in •ddition to dub s•s•ic￿l th• t•nnl• courts h•ve b••n u••d for coao*lng ¥ll •g• group8 and lor publ1¢ hirt. The t•nnl$ dub conllnu•• to inve•t In thelr f•cllthe•. Th• bovA• dub #nd th• ttoquel dubl h*v• •xp4nd•d th•ir membernhip and are •cllv•ly Invc4v•d In promovng tholr Th• Men'i sh￿ ho￿ ••t up th•lr l•dlNl•i on •lt• •nd ar• •xpandSng Ihalr m•M￿r$hip to lo¢al mon and wom•n. FIMncl•l r•vl•w The followlng InfornHtlon r8lat•8 to tho perfod 1 January 2025 to 31 August 2025. Donalloni W•fe r•c•lv•d lotalllng £9,858. Gr*nl$ r•c•lv•d toward• d•velopment Ixol•cts w•r• £22,375. In¢om• from fi•ld u8•r• w•8 £8,485.'.R•rrtal income was £15.670.. Inveltment incom• from bank 8nd other int•r••t w•8 £1,025. Expenditure on ¢h8ntable activ￿tra exduding dewod•tlon w•1 £27,502. C•pit41 ￿￿ndItUr0 on ￿dI￿oI #nd qulpment Sn the y••r amounltrd to £35,172. Al th• bal•n¢e sheet d4t• r•8•rv•8 totalled £747,574, 01 £552,975 were h•kl in re$thd•d fvnds •nd £194,599 were h*ld In unr•stricted fvnd$. Indud•d in unrestricted fvnd8 w•r• £21.870 designated.lund8. R8serves polKy It is the Poli￿ of th• FPFA th¥1 unr•$th¢t•d fiJnd8 which h•vtr not b•8n d•8i9nated for g speu'fic uje should b• maintainèd at a level oquivalenl to Nyelva month's exp•ndtture. Thè trugltes ￿nsider that rgg•rv•g at this level WAII en5uTe Ih•t, in th• evont of a 8ignffjcant drop in fijnding, Ih•y wll be able to continue the FPFA'5 ￿Jrr•nl activities while considerats.on 1$ given lo w8y8 in whith additional fvndg may b• rnl$ed. Th1¥ l•v•l ol r•seNes has been 4$9•8g•d gt £35,000 and has been malntsined IhroughoLrt the year. Rl•k Management.. The truBt•8s have aBse8sed the major risks lo whid) th• tharity is exposed, and ar• i￿$fi•d that $y8t•m8 aTe i pl•c• to mitigAt• OXPOsure to the Th￿l0r ri&kB. Major risks indu¢J•'. Thlrd patty 114blllty arising from th• publlc of fa￿litIeS on $lte- •ddre$88d by r•gular s•fety Snsp•thon• ond ￿mprehenSive insurance covèr Risk of damage to as$•ts and building arising from fire, th•ft or malidoLbS damag•~ addre$sed by 24 hour fire and intrud•f alarm Jyltsm and CCTh ￿¥¥rage inside and extemal and CoMprehen￿ve in8uran¢e v•r. Ri8k of loB8 of fundB du• to fraud or mi88ppropriabon - ¥ddI•s￿o by mgular reporting to tW8teeB and external accounting reviv*. FISHBOURNE PLAYING FIELD ASSOCIATION CIO TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Structur•i gov•rnanc• and rnanagemont The Fishboume Playing Fidd Association CIO IFPFA) was •Stablith•d 88 a n•w chanty on 22 August 2024, re￿8￿n9 a Chartsbl• Tw8t establiBhed on the 27 February 1970. Th• tNJt8•B who Served during th• p•rlod •nd up to th• dat• of wgnature of th Iln•nd•l 8t•lwn•nl8 %wr•'. Lynd• Hunter Ickwledl Kts￿n Carter Ichaimwnl Anthony HarriBon Rosalind Craddoc4( David Craddock G•offtey Hand 8arbara 8rook•vSmllh P Stone IRe8ign&d 10 November 20251 IAppoint•d 11 Jun• 20261 ReGwllmenl and 8ppr*nlmenl oltrust86s The chilrm¥n ol Fi$hboume Parish Council ig an ex-offlclo Trustee. Thls ig CUrT￿llY L Hunl•r. All oth•r Tru•t••i arn lèct•d annualty at th& Annual Gener41 Meeting or, N ¢tropt•d durtng th• y•ar, ¢onflnn•d by elocts'cn at the next Annuol G•n•r•l M••tinq. o￿an1&allOneltstn￿lUTr Thtr FPFA li m•naged by the board of Tru•lw. Fi•hboum• Playing Fi•ld Ltd, a eompany Ilmlted by guarani•• (com￿nY Number 082607831, •cts •• • nomlnv for th• purpts$• of holding Itg¥l lill•s lo land and prop•rty. Th• Fidd Commltt•• m8n•9•1 th• m•int•nanc• of th• pl•Ong Ilddi and th• $portlng f•ulltl••. Thkn is • •ub ¢oMmItt￿ ol m•mb•r• of th• Trust•• board and r•pre8ent•ts'veJ of •i•ocs•ted •port8 ¢tub$. Thè Fl*hboum• C•ntr• li mAn49•d by th• Tr'rn¢torn of Fl￿b￿rna Centre TT4dlng Ltd vthl¢h i• • wholly own•d •ubiidlary ol tho FPFA. R8lalionshlp with rn18t8dp8rt18s Fishboum Centre TT*ding Llmh•d [• 4 vknolly ry•¥n•d •ubsldlAry olth• FPFA IncowAted on 24th NoV•M￿r 2009. Fljhboumts Playing Field Ltd is a compony limited by guarantee. The members and Directors eJ)n•l8t ol the Offi￿rI of the 8880C4atson (Chair, Becretary #nd Ir•a8ur•rl and th• c*air of Fl•hboum• Part$h Coundl. Th• ••s' r•pNt was opproved by the 804na of Tru8t•es. Kewn Cartel {chainn￿) Tru•t•• Dale.. FISHBOURNE PLAYING FIELD ASSOCIATION CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FISHBOURNE PLAYING FIELD ASSOCIATION CIO I r•port to th• tru$l*8s on my examinalion of th• finanaal statements of Fi¥hboum• Playing A880aation CIO Irhe FPFAI the period ended 31 August 2025. R•8poMlbl1ltl￿ and ￿814 of rnport As the trustee3 of th• FPFA you are re>pon•ibl• for th• pr•p•ratyon ol the finan￿￿1 ¥tst•merrt• kn accordan￿ vllh lh• r•quiiom&nts of Ihe CharitioBAct 2011 (the 2Q11 Act). l rnport in reyL# ol my examination of the FPFA'$ flnand•l stat•ments carried out under 145 of the 2011 Act. In carrying out my 8xamin*'on I ha￿ foMow•d all the Appllc•ble ￿'r￿tiOns giv•n by th• Charlty Comml•$ion und•r se(*'on 145151(bl ol tho 2011 Act. Ind?p•nd•nt •x•mln•rf• •tat•m•nt I h•v• ¢omplet8d my examination. I corfflrm th81 no m•tt•rn ho￿ com• to my attention In conn•dM ihe •xamln8tyon giving me c8u8e to b8li8ve that in any material re$pact'. •¢counting recordi were not kept in re8peci of the FPFA a• r•quired by s•ction 130 olthe 2011 Ad.. or lh• flnancAal staternentJ do not accord wlh those rewd$', or the finan￿￿1 ¥tatements do not comply with th• applicable requirement? cOn￿mIng th• fomi and content ot a¢¢ountS g•t out in the Chanties (A￿auntI and R•port$l R•gulabonB 2008 other than any r•qulrem•nt that the accounts glve • true and falr vi•w which18 not a matt•r conglder•d •s part of an independent exAmlno11on. I h•vtr no c￿￿mI •nd hav• com• •eAo•• no other m•tt•r• In conTr•clion with the •x*mln#tlc￿ to whlol attention should be drgwn In Ihl• report In ord•r to •n•bl• • Proper und•r•t•nding olth• flnandal Jtatsmenlj to ￿ r••ched. Jord•n Abbott B3c ACA Carwnt•r Box Pip•r House 4 Dukes COL Bognor Rood Chl¢he$ler W•$t Su880X P019 8FX 2610612026 FISHBOURNE PLAYING FIELD ASSOCIATION CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 Unmtrlct•d Ro•trfctsd fund• nd• 2025 2025 Totsl Unrn•trletsd Am￿Ctsd fvnd• fund• 2024 2024 Total 2025 2024 N¢)t•• In¢om• from: Donation$ and legaci•• Charitablo acts'wti Other trading activ+tl•$ Inve8lmenls 7,963 36,970 34,842 1,407 33,363 41,328 38,970 34.842 1,407 11,350 34.970 12,049 1,142 31.881 43,231 34,970 22,492 1,142 10,443 Totsl Incom• 81,182 33,383 114,545 59,511 42,324 101,835 Exp•ndliur• on: Ral•ing frJnd$ Ch•rltAbl• actMti•s 21,881 59,859 21,881 87,258 4.798 81.40S 7,228 21,562 12,028 82,967 27,597 Total •xpendltur• 81.540 27,597 109,137 88.203 28,790 94,993 N•t gainslllosusl on nv08tM￿t1 13 11.5321 {I,S321 12.904 12,904 N•t In¢om•ll•xp•ndltuv•l (1,8901 5,768 3.876 0,212 13,$34 19,748 Tran•fern fur*di 15 9,143 19,143) N•t mov•m•nt In fund• 7,253 13,377) 3.878 8,212 13,534 19.746 R•conclll•don of fundB: Fund balances at 1 SePtem￿r 2024 187,347 558.351 743,698 181,135 542,817 723.952 Fund balanc•• at 31 Augu•t 2025 194,800 552.974 747,574 187,347 556.351 743,898 The ststemenl ol fin4naal activities indudes all galns and 1011•8 r•cognig•d In th• peiiod. AJI incom• and exp•nditur• dorive from continulng •¢tlvth•$. FISHBOURNE PLAYING FIELD ASSOCIATION CIO BALANCE SHEET ASAT31AUGUST2025 2026 2024 Not•• Flx•d ••••t• Tangible In￿lIm￿lS 597,800 43,261 594,472 98.894 17 641.061 893,368 Curr•nt ••••ts Debtor8 lalling du• after ono y•#r D•blor$ 18lling du• ¥￿thIn one y•*r Cash 41 bank and in hand 38,500 10,604 82,170 18 10,643 45,718 109,274 58,361 Cf•dltorn: amounts f•lllng du• vAthln on• ymr 19 2,781 8,029 Net currant •$••ts 106,513 50,332 Totsl ••••ts I•u ¢UTrnnl Ilablllll 747,574 743,098 Th• fund• ofth• FPFA R05tric¢ed Income fund• Unr•$trictod fundi 21 552.974 194,800 558.351 187,347 747,574 743.898 Th al ststem•nl8 wèr• approv•d by th• Iru$t•es on .. Kevin C¥rt•r ICh•irm•nl Tru•t•• FISHBOURNE PLAYING FIELD ASSOCIATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 Ac¢ountlng pollcl•• Ch•rlty Infornitttlon Fi8hboume Playing Field Asswali¢)n CIO is a Charitable Incorporated organl8th.on regi8ler•d In Eng18nd and le$ (number 12097081. 1.1 R•portlng p•rfod The finanaal statement# •T• for th• ￿0d from the CIO reg18trali¢)n date 0122 August 2024 to 31 August 2025, with the figuf8S being from 1 January 2025 (Vth￿ th• au•ts, 114￿.11t1•S And funds wer• tr4naf•ffed In from th• unin￿￿31*d Charity) to 31 Augu8t 2025. 1.2 A¢¢ountlng eon¥•ntlon Th* finanu818tal•m8nts have bwi prap•r•d In •curd•nc• vAth th• FPFA'I TNit d••d, th• Choriti•8 A¢1 2011, FRS 102 'Th• Flnanaal Repo￿.￿9 Standard applicable in the UK and R8public of Ireland" I'FRS 102.1 and th• Charit189 SORP 'A￿Oun￿'ng and Reporting by Charities.. Statement of R4comm&nd•d Prath'ce 4ppll¢•bl• to ch¥rili•$ preparing their 4¢¢0unt• in accordan￿ with the Finanri41 Reporting Sl8nd4rd applicable in thtr UK ond Rapublic of Ire￿nd IFRS 1021" loffectiv• 1 J•nu•ry 20191. Th• FPFA 51 a Publ1¢ Benefit En￿'tY al defin•d by FRS 102. Th• FPFA hu thken advantag• of tho p￿￿*1¢)n* In th• SORP for tharftlei not lo pr•p•r• ¥ Stsl•mont of C4 Flowfy. The Iln•ndal Itatsm￿lS are pr•p•r•d In il•rtlng, whith Is th• fvnctlon41 ¢Urr￿0 of the FPFA. Mon•t*ry Amounto in th•8• fin•nrAal •t41ements ￿ round•d to th• n••r•8t £. Th• finand*l il•tement• hAv• hon pr•p•r•d und•r th• hl•loricAI tosl convention, modifi•d to IndJde c4rt41n fln•naal In•trum•nt• at f*lr ￿lUt. Th• prfndpal 8crthintin9 pollrJe• •dopttrd are ul otrt Wow. 1.3 Golnq conc•m Al the ￿me ol approvln9 the finanaal stat•menl$, lh• Iru•te•$ haw o r¢asonablts 8xp•&•llon Ih¥l the FPFA ai adequiltr r•sour¢•$ to rxjntlnue in operational existen￿ for th• fw•888able futUTts. Thuj the trt•l&e• continue lo adopt lh• 9olng ¢onMm bas1• of accounts'ng In pr•parfng tho fin•nc4•1 slqt•m•nt•. 1A Ch•vtt•bl• fvnd4 Unr¢$trithd fvrKl$ are qvailable lor u•• at th• dl•¢r•¥on of th• tru8tMi in furtheran￿ of th•lr ¢harft•bl• objectives. Restn'cted lunds are subject to Jpadfic condition8 by donor8 or grantors 0$ lo how they may b• u••d. The purpo8è8 and u8e8 of the feslrf¢t•d frJnd$ are set out In th• not•s to the financial $l•t•m•nt8. 1.5 Incom• Ineome i• recognised vth•n th• FPFA Is1•9olly •nthl•d to rt aft•r any perfom•nc• condltlon$ hav• b••n m•t. the 4mounl$ can b• rn848urnd rell•bly, and ￿ l• prOba￿e that Income wlll ￿ re￿i¥•d. Incomo i• r•cognl••d net of VAT. Cash *Jonabons are recogni3ed on r•¢eipl. Other donation8 ar• re￿gnISed once the FPFA has been notlffi of the donation, unle88 performance condltsons requlre deferral ol the amount. Incxtmts tax recov•rable In relation lo ¢Jonation8 re¢eiv8d under GiftAld or deeds of o)venant is recogni•ed •t th• time of the don•ts'L￿. L•gaa•8 are r•cogni8ed on Teraipt or tsthtsrwi8e if th• FPFA h•8 baen notified of an impending di8trlbutim. the amount 1$ knry0￿. 8nd r•c•ipt IB expecled. 11 the amount ij not kntr•vn, th• i¥ tr•At•d •$ ¢onting•nt as8et. R•nt Is r•¢ognlsed In th• pgriod to whic* it relate•. FISHBOURNE PLAYING FIELD ASSOCIATION CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Accountlng pollcl•• IcontSnu•dl In￿me fundTaSsing events is recognised in the perfod wh•n th• event take8 place and incom• r￿Ved In *dv4ncè l• 0￿01T•d. 1.6 Exp•ndltur• Expenditure 1$ re¢ognl8tsd once Ih•ie 1$ a legal or con8trndlv& obllgallon to transf•r economic ben•fft to third paty, tt is probable that a Iransfar of •¢onomic benefits wll be required In 8tsttl•ment, and the amount of th• obllg0ts.on c•n ￿ m•g•urod rellably. Exp•ndilLtr• is das8ifi¢d by ath'vity. Tho costs of e¥¢h activity are made up ol the lot41 of dirxt COSty and shaied cosly. induding iupport costs Involved in undertaking each actlvity. Olrect ¢08t$ attn'butalje to a 8ingl• actiwty are allocated diredy to that actiwty. Shared costs whith contribute to mortr than one aGt'vity •nd Support ¢0918 which are not attribut8bl• to a single ¥cbvity gre apportioned btheen tho•• o¢tivitss on ¥ baJl8 conjistenl wllh the of r•soure•i. CMtral staff co$1$ gr& allocated on the bas1• of tim8 spent, and doprtd•t4on ch•rge$ •r• 4llttaled on th• portion of th• •$8•t'• u8•. Ra•ou￿? •xpend•d are •cuunt•d for on an Accns•ls b••i$, net of VAT. 1.7 T•nglbl• flx•d ••••ts T•ngibl• fixed aB¥ets are IniliAlly m•a8ured •t C￿1 and jub••qu￿11Y m•••ur•d at co•t or valu•fjon. not of d•prndatyon •nd any Imp•imi•nt los•e•. O•pr•ciation18 rfjeognlmd $0 48 to writ• off the o)8t or v•lu•lon of a•••t•1•88 th•lr r••lduAI valu•¥ ov•r th•tr U8•fv1 liv•s on th• lollwng b￿￿3.. Land and buildings Pl•nl and mothin•ry Fixtures, fitting8 and equipmMI •traight line ov•r 5. 10, 20 or 50 y?Arn •traight Ilne ov•r 3 to 5 y•ars •traight Ilne over 3. 4, 5 or 10 ye•rs The galn or1088 •rf8Ing on the d18po••I ol an asset 1$ d•tfjrmln•d a• th• drferttn￿ b•h¥••n th• •ale proc••d• •nd th• carylng v#lue of the 088ts1, •nd is rewnised In th• $lat•m•nl of finAncAal actiwtl•8. 1.1 Flx•d ••••t Inv••lm•nl• Fixad a$get Inv•$tments •r• Inllially m•asufed at tr¥nsoCtion prie• •xduding tTrn4¥dion ￿et8, and *r• Jub8equanUy me¥•ured ¥t v¥lu• at each repolting d¥t•. Chang•• in fair valu• are rwnl••d in net Inc¢m•llexpenditurel for the year. Tran8O¢tion cList8 are ?xp•n$•d •8 in¢urrnd. A sub8idlary 1$ •n entity coTrtroll•d by the FPFA. c￿trOl i• th• power lo gtsvam the financi•l •nd rperating polia•8 of the enlty so as lo obt•ln ￿nefitS from activitl•¥. 1.9 IM￿[Mi*nt offlx•d ••••ts Al eath r•porting end date, the FPFA ￿vI￿WI th• corying amounts of its ianuibl• al￿18 to detemin• whether thertr 1$ any indi¢4Oon Ihat those assety h•ve $uff•r8d an impaimient loss. 11 any Such indution exists. the recoverable ¥m¢unl of th• 888et is egtimaled in ordor to d•t•mine the extent of the Impaimient 1088 Irf any). No such Imp•imi•nts w•r• nolod for the pertod •nded 31 Augy•t 2025. 1.10 Ci•h and u•h •qulval•nt• Cash and ¢•8h •quival•nts indtsda ca8h in hand. depoyjts hdd at call with bank6. other short-tem Ilquld inv&stmenls wth ¢riginal m•lurity"•$ of thre& month5 or lejs, 8nd bank o￿l￿raftS. Bank overdrafts art Sh￿rn WTihin borrowlngs in current liabilitie8. FISHBOURNE PLAYING FIELD ASSOCIATION CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 A¢¢ountlng polScl•• {Contlnu•dl 1.11 Fln•n¢l•l In•trum•nts The FPFA h89 elect•d lo apply the provisions of Sedion 11 '8asic FinAnual In8trumonl8' s•￿'on 12 'Other FinancAal Ingtruments153u•¥' of FRS 102 to Ill of its fin•n¢i81 instruments. Flnanual instTumenl• ¥r• re¢ogni8fjd in th• FPFA'• Wanc• th•et ￿On th• FPFA b￿￿)1￿• porty to th• contractual wovi$ions of the inBlrum•nl. Fin•w¥l a88•ts •nd lith'liti•• ar• Off￿l. with the net #mourth pT•J•nled in th• finanrAal statement•, vkn•n th•r•18 a l•g¥lly •fifor￿abI¢ right to Set oll the reLwni8ed amounts ¥nd ther• l• an Intention to •ettl? on • n•t b8Bis or to realise the a$strl and ￿ttl& th• liabilty simultan•ou81y. 8•slc Ilnanclll ￿)It¥ Basic financial as8•ts. which Indud• d•btOTS •nd ca•h and bank balan￿8, •r• Inltially m•88uied at transa¢b'on pr1¢4 induding tr•nsacdon ¢08ts Ind are 8ub8equ•ntiy canlad at amortiMd co81 uwng the ell•cb'v• interest method unl•8$ the arrangement constitutes a financAng tran88Ction, vthere the transactbon li measured at thtr pr•Mnl volue of tha luture receipts discounted at a ma￿•¢ r•t• of InteT?It. Finandal #i••ts d••$ifi•d •1 r•￿1Vable withln on• y••r •re not •morti8•d. 8a4le Ilnanclal Il•blllU•s 8a8ic finanrial liabilitie¥, indudlng cred+tor4 and b•nk lo•n8 are inrtlalty r•¢ognlsed •t tr•nMdon prfce unle•• th• •rr8ngement const+lul?i a finanang tran$action, bthere the debt in¥trum•nt 18 measur•d al the present value ol th• futur• paymenlj diJcount•d •1 • mArf(ot r•t• of Int•r••t. Finan(?•l Il¥bllrtl•8 d•••lfied •1 p•yabl• W7thin ontr y••r ¥r• not am0￿'sed. Debt inilrum•nt• ar• 8ub•8qu•ndy carf•d Il *mth8ed co•1, using the Intsr••l rale method. Trad8 creditors are obllgafjonl to pay lor good$ or th*1 have been ?cqulrnd in the ordinwy courne of op8ralion8 from suppliers. Amounts payable #r• d8$8rfi¢d as cJJrr•nt liabilitle¥ if p•ym•nt l¥ tJu• within one ytrar or 1•$9. 11 not, Ih•y ara preJen1￿ 41 non.¢urrenl 11obiliti•s. Trade cyeditors •r• r•cogni8ed initi•lty at trani•&*on pr4￿ and subseqUen￿Y m•4•ur•d #l am0￿8*d ¢o$t U94ng the effec*ive Inl•r•$t method. D•rnco9nMlon of Iln•n¢l•l Il•bllltl•s Financial liabilitses are de1￿9￿1$•d vth•n th• FPFA'S conhdual oblSg•llon$ •xplre or are dl•ch•rg•d or 1.12 EmployM b•n•fft• The ￿11$ ol •hort.l•mi •M￿OYee ben•fft8 are r•cognl••d A• • Il•bilty and an expen8è. The coal of *ny unu￿0 hohd•y entlllement is recognlsed In tho perfod In whlch the employe•'8 •8rwce• are received. T•rrninatton beneffts S￿ re￿9￿188￿ ImmedSatdy as an expense %then the FPFA18 d•mon$lrabfy commNted lo leminale th• employment of an employee or to provide ltrminallon ben•ffts. 1.13 R•tlr•m•nt b•n•fflts Paymontl to