*abl¢tqD fflarket Jfeoffment Cbaritp FINAL ACCOUNTS FOR THE PERIOD ENDED 31st MARCH 2025 CHAIR OF THE TRUSTEE CHARITY COMMITTEE in 2024125: MR R SHEARLY-SANDERS CLERK TO THE TRUSTEE in 2024125: MRS W BRAME Contents: 1) Trustee Report 2) Statement of Trustee's Responsibilities 3) Independent Examiner's Report on Accounts 4) Statement of Financial Activities 5) Balance Sheet 6) Notes to the Accounts 1gablEisD Jlltarket Jfeoffmellt Cbarit {Truslee- HadleHJh Town Council) A Registered Chanty.. 223745 SUMMARY REPORT FOR YEAR ENDED 31.03.2025 As in previous re￿nt years, the same pattern of use of the halls continues with the Charity providing facilities to the local community through making rooms available for hire by clubs, organisations and individuals wishing to arrange a wide range of functions. and by Providing office accommodation for the Town Council. Unfortunately the investm8nt accounts held with CCLA saw losses in the year of £2956. Due to an increase in room bookings and reduced maintenance costs total funds of the charity have increased to £132,078. Total income from all soU￿e5 in the 12 months was £99,421 (an increase of 14% to the prior year). This is wholly attributable to the management activities of obtaining more hirers. During the year a granvsubsidy for £40,000 was received from Hadleigh Town Council for their use of the building and to support running costs that the activities of the Charily cannot fulfll Itsèlf. Overhead expenditure for the 12 months to 3181 Mar¢h 2025 was £93.384, comparéd to £95,090 the year ending 31 $1 March 2024. Following trends in recent years expenditure remains under tight Gonlrol and reducing year on year. El8Ctricily shows a £5.3k increase which was expected due to the ending of the 2018 supply contract and economic situations. Water shows a £547 increase due to changing the name on the contract from the Trustee to th8 Charrty incurnng a security bond fee, as well as plumbing issues which took time to resolve. As indicated in previous reports, the Truslee recognises the value of the complex to the town and this area of Suffolk and will continue to ake steps to safeguard its future. Signed.. Mr R Shearly-sanders Chair ofTrustee Committee 121h August 2025 Hadleigh Market Feoffinent Charity, The Guildhall, Hadleigh, Suffolk, IP7 5DN Charity Registration No. 223745 Nature of Charity: Management of the Premises known as The Guildhall Hadleigh Suffolk in confonnitywith the Scheme approved in June 1988 and revlsed In August 1988 STATEMENT OF TRUSTEES, RESPONSIBILITIES Charity law requires the trustee to prepare financial statements for each financial year which show a true and fair view of the situation of the Charity and its financial activities for that period. In preparing those financial stalemenls, the Trustee is required to-. selecl suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent slate whether applicable a¢¢ounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements prepare the financial statements on th8 going concem basis unless it is appropriate lo presume that the Charity will Continue in operational existence. The Trustee is responsible for keeping proper accountin9 records which disclose wrth reasonable accuracy at any lime the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustee appoints a sele¢tion of its members as a committee to represent the inte￿$t$ of, and operationally oversee. the charity. The minutes ofthe Committee meetings and the members appointed can be viewed on hadleightowncouncil.gov.uk website. CHARITY COMMISSION FOR ENGIAND AND WAIES Independent examiners report on the accounts Sectson A Independent Examiner's Rewt Report io the irusteesl m•mb¢t$ ol Hadlebjh Mathet Fe0ffi)￿l Chwty On accounts for the year en(led Year Endiig 3111 Marth 202S Charity no Irf anyl 223745 Sei out on pages Slalemenl ol F￿an¢￿1 Acilwles and 8al)n¢e Sttti I rewt to the tru5tse ￿ my examin3tKffi ofthe aCCo￿ts ofthe above charty (tr Tfusfi forthe year en(led 31° March 2025. Responsibiliiies and basls ol repori As the chJnty'S trusiee. you are responsil)le lor ihe preparat￿ of the aCcO￿ts n accordance with the requrements of me Charwes Act 2011 {-the l Teport m respect ol my emammatsxt of the Trust's accounls came(l out wder sectron 145 of the 2011 Act Canymg out my examinalK¥n. I have I￿￿￿ed all Ihe Cxrectws gNen by Ihe ChaTIty c0rnmtss￿n Ur￿er 14gSMb} d Ihe Ind•pend•ni I havè cOmp￿tea my examm￿tKIn. I c(nfwm Ihat no M￿trIal matters have •xaminetrs come to my aitenbon in ¢(￿ne¢ll¢￿ wrth Ihe exammatth which gives me sLiteM￿t cause to l)el*ve Ihat m. any matenJl respect.. the accounth￿ rectyts kem m accordance sectKffj 130 of the accounts accord wth the a¢￿￿1￿2 recryds.. Ihe accounts dKI not compty wrth the JpplicatrAe requirements concerning the lomi aThJ content ol accounts sel out fft Ihe charrt￿$ IA¢¢ounis and Reports) Rety￿t￿S 21X>8 other than any requwemeni mal the accounts gNe a and vjew not a mallw c￿9¢e￿ Js Part of an I have no concems and have Come auoss no other matters m conne¢tson wth the examinalKffi to which alleniw shoukj bè drawn m this report ￿ ordèr to emble a prO￿r wMJersLiith) of Ihe a¢¢4Xmts W be reached. Date: 23* June 2025 Slgned: Name: Richard Carter Relevant Pfofessional qualilicationl$l 01 body BA (Honsi CIMA (lapsed Men￿￿￿1 Addresg: IER Oct 2018 Seclion El Oisclosu¥e OnS.r coYplele Il Ihe e¥aniir,er nee¢s to hig*lighl W11eri.Il m.liters ol ctsnce"n Isee CC32. Gl¥e here brief d•iails of any item$ Ihal the examiner wfishes io di$¢lo$e. The financial slatements appear lo an accurate aThJ we114nanaged re¢orf of perYorrnan¢e. There are rto maienJ rtems to dtsclose. IER Oct 2018 Statement of Financial Activities Market Feoffment Charity For the year ended 31 March 2025 OiythMIIs {?.P¢.)81 1.4MSI J.4&SI¢ ioro 1.4N•G 4DM 7V.* UJ>NJ $1.7WJ6 lJ.721.51 C•siolSales CiJirkfi i1Ekni 91 39.4)W )7.4n.97 s*￿pPE 1.4U.4S 225 5.•J 121d9 J4Jp)6 23Q75 J5J J4lJ2 j)￿￿4 i.J97. BSIA)5 93JM24 95.W9.6* Oporaltnl Profil OtherlnÉome 6.72? 7S 356.IAI 6.123.TS Profil4rtOidlnary￿t1¥lI1èSBe10￿ Ta¥4t*in 12J19.JJl ,193.941 Balance Sheet Market Feoffment Charity As at 31 March 2025 31MMIIQ15 fixedAssets Ta IIX170.571 IS.A70S7 113.Wl.161 PL•)t&Macbiwv TotalT•TrWbleAs*ts 15.17Q.57 2.169.41 T*xalFl¥edAuets 2.169AI CurrentAssets C•5hatbaDkw￿I￿￿nd 38275.Y 30.593.45 Pettycash To￿(4$h¥1&¥thl￿dknhW 281.S7 S57.11 L29.24 1.72?.69 A¢