THE LOPPING ENDOWMEhTr IReglstered charlty no. 2282361 known as LOUGHTON LOPPING ENDOWMÉNTFiJND REPORY AND FINANCIAL STATEMÉNTS YEAR ENDED JI DECEMBER 2025
LOUGHTON LOPPING ENDOWMENT FUND REPORT AND FINANCIALSTATEMENTS FOT theyear ended 31 December 2025. CONTENYS Reference and administrative informatlo Directors. report Independeni Examlnerfs Report ststement offinanclal acllvltles Balance sheet io Notesto the financial statements li
LOUGHTQN LOPPING ENDOWMENT FUND REFERENCE AND ADMINISTRATIVE DETAILS OFTHE CHARITY. ITS OIRECTORS AND ADVISERS For the year ended 31 December 2025 Sole ¢orporatetrustee: The Lopplng Éndovdment CorporateTrustee limited Directors of The Lopping Endowment CorporaleTrusiee Limited Elected Dlrectorsfrom May 2017. (when Dirertorststus changed): Jamie Moran Gabriel Ostend lohn Orgar Lindon 8arr Council appointed dirertors Cllr. L House Cllr. J Rlley Assumed Dlrectors- under the tru deed Martirt Howarth Treasurer Pesh Kapasiawala Secretary Mrs Radlev Employees John Mahoney Hall Manag&r othy Naylor Deputy Flall MJnage IHeakh & Safety, Security and Chlld Protection) Charity reg. no. 228236 The Lopping EndowrneDt COrpote Trustee Limited Company number 09943247 Registered office Lopplng Hall 189 High Road Loughton 1610 4LF Independent Examiner Cooper Paul Abacus House 14-18 Forest Road Loughton Essex IGIO IDX Bankers HS8C 192 Hoe Street Walthamstow E17 4aN Sollcltors Foskeit. Marr, Gadsby & Head 106-108 High Road Loughton 1fj10 4AN
LOUGHTON LOPPING ENDOWMENT FLIND DIRECTORS. REPORT Forthe year ended 310ecember 2025 The Board of Direttors submit their annual report and the finan01 ststements of Loughton Lopping Endowment Fund for the year. The Directors conflrm that the annual report and finantial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the Charities SORP IFRS 102 Accounting and Reporting by Charitie51. ObJeCve and act[tIeS Objertives and aims The charity was set-up by a s¢hem& In 1881, as varied by a scheme in 1993. The charity is set-up forthe benefit of the householders of Loughton, in substitution fortheir ancient rightof lopping within Epping Foresr to tarry on and maintain Lopping Hall, whl¢h was erected for the purpose. T.he charity makes no distinction of sex or political, religious or other opinions by associating together the said inhabitants and the local authorities, voluntary organlsatlons and inhabitants in a common effort to provide facilitles In the Interests of soc431 welfare for recreation and leisurt1rne occupation with the objert of improving the conditions of life for the said inhabitants. In furtherance of this objective, the Trustee has complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's published guidance concerning the operation of the Public Benefit requirement underthe Art. Achievement arbd performance Revlew of actlvit5es and achlevements INCOME Lettings Total income from our room lettlngs in 2025 amounted to £83,295 nett of VAT, as aEainst £77,316, dltto, in 2024. This CONStituted a 7.7% Increase, albeit that, as we had increased hire char8es at.the beginrking of 2024, they were not increased again for 2025. So, bookings were up against 2024. We do lose some users, generally when they find they cannot attract sufficient buslness, but they are invariably soon replaced. As always. mornin& evenin& and weekend slots are filled, afteynoon slots are quieter. It is good to note that many of the one off bookings for e.g. birthdav parties. come about from recommendations. Commertial rents We have three tenants occupying ground floor premises: Whitneys Carpet Shop, Waterlows News Agents, and the Hobo Club. Hobo Club took over the former HSBC bank when the latter closed Its Loughton branch in 2021, and carried out a major renovation to convert the premises intowhat was originally intended to be 3 45 seat clnema (evening operatlonl, and a mixed use workspèce Iday aperationl. The renov3tlon took far longer, they did not open until Aprll 2024, and prèsltmably. therefore, costfar more, than planned.
The total rental ir¥come from our commerclal tenants In 2025 was f90,266, as agalnst £75,764 in 2024. Thts increase was due to both a renegotiated lease with Whitneys, and more rent received from Hobo Club. Nnanclal Posltlon as at 31st Decembèr 2025 As suggested In the 2024 report, we did renegotiate our utilities, contracts. resulting in a reduction in our utilttles, bill, If my maths is correct, of ovei £20,000. nett of VAT, as 3Inst 2024. With fewer projects completed than in 2024, see below, we ended the year with a balance in the current account of £115.201. The Directors consider that this will allow us to continue to maintain and improve the Hall. and to operate one of the best activity and entertainment centres in Loughton and the surrounding area. It might be worth noting that ten years ago, at the end of 2015, the balance in the current account was just £21,536. So. given allthe improvements that have been carried outsin, I guess.we can be reasonably happy with our progress. A1VITIEs Marketing We contlnue to market Loppln8 Hall uslng our webslte. the two High Road facing monitors, together with social media and other advertising spaces on the internet, such as'Halls for Hlre,. The monltors and webslte not only advertise LH rooms to rent. but abo theatre events land ticketing arrangements), and the activities of all our users. This is a free of charge service to our regular users. The Hall is now a very well-established local venue, hostlng drama groups. a karate club, the local brownies, an art group, twenty plus classes for all kinds of dan, fitness. and yoga, lor adults and children, mental wellbein& counselling, and back to work clubs. And, not forgetting the Halifax Bank, which, SIn It closed Its Loughton Branch, uses the bar Thursdays as an advice centre for its local customers. The Terrorlsm (Protectlon of PremSses} Act 2025 This gained Royal Assent on 3rd April. to be fully implemented wtthin years. We are aware that Lopping Hall may well fall into the Qualifying P¥emises category, as theatrical pmdurtlons, wlth a full house, and large cast and crew, could mean that more than 200 people, the cut off number, would be present. Out thanks to Les House for taking on the task of establishing what steps we, tsr our users, need to take to ensure compli3n¢e. Events On 14th February, we hosted an event to mark the Golden Anniversary of the Epping Forest Rangers. The connection between the Hall and Epping Forest made us an obvious choice for the venL¢e. The event wa5 organised by the City of London. and featured readinBS by children frorn local schools. The main guest was the Duke of Gloucester. The event wa5 deemed a success by all. We have had enquires re other events, e.E., a burlesque evenin& but, to date, none have materialised.
WORKS Works Completed In 2025 RearTamiac The tarmac area at the rear of the Hall was in very poor condition and was replaced. LED lighting in Hall In March we replaced our six very old Incandescent stage floodlights with six LED floodlights. This upgrade reduced our electricity costs, and the heat build-up in the main hall Air <onditioning In the bar Air conditioning was installed in the bar, meaning that all our lettable spaces, except the studio, are now so eqyipped. Lobby redecoration The grc*und floor lobby was redecorated by Alan Martin. Future Works The works above were all completed in the first half of 2025. So, with the entire building now generally in very good condition, other than routine maintenance and repairs, we do not have very many majoi'projects left in the pipeline. except: H311 Roof In September, we were advised by our neighbours in Station Road that a 51ate had come off the Hall roof, and landed in their garden. As the roof had only been COEnpletely re-slated in 2012, we were sceptical at first. How@ver, inspection, using binoculars, from the M&S car park, proved that Wa5 indeed the case, and that there appeared to be otherslates which were broken or had slipped. We have therefore obtained 3 quotttitsn from TJB Roofing, who had previously worked at the Hall, for £2,800 plus VAT, to carry out the required repairs. Thi5 work will be done early in 2026, depending on the weather. We are aware that thls may flag up the nesSKY for fvrther works. Clo£kTower The clock tower needs repair5 to gutterin& lead flashings and woodwork, together wf(h paintTng. A drone survey was carried out that indicate5 that it is in a reasonable state, but needs attention. We will be requesting Quotations for scaffolding and works. This Is likelyto go ahead in 2026.
Board and Hall Management As recorded at the 2025 AGM, Alan Martin, stood down from the Chairrnan5hlp of the Board. He had been in post since 2019. and had organised, or carried out, the improveTnent5 that have been implemented since then. On July 18 , we marked hls'retiremenv with an evening in the bar. Once again, we would record our thanks for all his work while Chalrman. Originally, it was planned that Gabriel Ostend would tske over. However, health Issues prevented this. So, in the absence anyone else willing to assume the role, It fell to the Secretary, me, to become Acting Chairman. Since then, the Dirertors have been at pains to point out what a good job l am doln& so it looks like that situation may continue for some time! At the 2025 AGM, John Orgar was re-elected for a further three year term, and we welcomed Jamie Marlani, a semi-retired financial analyst, to the board. He became oursixth elected Oirettor, meaning we now have our full complement. Also. for health reasons, Les House, and Diane Peters Stepped down from their Deputy, and As51Stant, Hall Manager roles. We thank them for their work and wish them well,. Les rernains a Director. john Mahoney took over as Premi525 Supervi50r, and Cathy Naylorwas erllployed as a new Deputy Manager, taking over responsibilityfor child protection, and health and safety. Since the Hall has now become almost a 2417 operation, we definitely do still n&ed a second Deputy Manager, to provide the necessary work sharing flexibility. This will be looked at in 2026. I would like to thank the Directors, and Hall Managers, fortheir sypport during my six months In office. Stephen Radley Artin8 Chaimian. he Lopplng Endowment Corporate Trustee Ltd. The Lopplng Endowment. 2 March 2026 Charfty 228236
LOUGHTON LOPPING ENDOWMENT FUND For the year ended 31 December 2025 Independent examinerf5 report to the Trustees of Loughton Lopplng Endowment Fund Trust I report to the charitytrustees on my examlnatlon of the accounts of the Loughton Lopplng Endowment Fund (the Trustl for the year ended 31 December 2025, which are set out on pages 9 tol5. Responsibilities and basis of report As the tharttytrustee of the Trust you Bre responsible for the preparation of the accounts in accordantewith the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under sectlon 145 of the 2011 Act and in carrying out my examination I have followed 811 the applicable Directions given by the Charity Commissioner under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that Én any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act,- or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 cither than any requirement that the accounts give a 'true and fair view, which is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters In connection wlth the examination to which atten rb should be drawn in this report in older to enable a proper understanding of the accounts to be reat son BA BFP FCA oper Paul Abatus House 14-18 Forest Road Loughton Essex IGIO IDX Dated: 2 Qaz
LOUGHTON LOPPING ENDOWMENT FUND STAYEMENT OF FINANCIAL ACYWITIES For the yearended 31 December 2025 Note Unrestricted Endowrnent & Restricted Futsds 2025 Totsl Total Incomlng Resources Fvnd5 21r25 Fun41s Fund5 2025 2024 Grants Rental of bank, shop Land & buIdng5 revaluation Lettingsof H311 and RoDm5 Bank ðerlntere5t Investment iKome Sundry recLYPts Fundrai51ng events, and don3tions U.700 75.764 90.266 90,266 83,295 957 83,295 957 77,116 1,123 118 1310 1.210 Tatal Incomlng Resources 175 849 175 Resources E¥pended Premises costs. Inc loan interest Othei eypen5e5 110294 9,185 119,479 144.302 Total Resources Expended 118 Net IncominoUt8olnsI Te50ur Transfer between funds Nel illcoming I loutgoingl resour after ttan5fer 57A54 128.2851 29.169 3271 12 TOTAL FUNDSAT IJANLFARY Z025 li 1 823 038 TOTALFUNDSAT31 DECEMBER 2015 12
OUGHTON LOPPING ENDOWMENT FUND BALANCE SHEET s at 31 December2025 Notes 2025 2014 FIXED ASSEtS Tangible setS Investments 1,831,066 711 I,BS0.794 1.831,777 1.851.505 CURRENTsETs Debtors Cash at bankand in hand 4,984 Tot81 179.158 143,267 CRÉDITORS.. amountsfallinE due wrthin oneyear io METCVRRENT&SSErs TOTALSErS LESS CURRENT UABILITIES 1,9942B3 1,971.731 CREDITORS= 8mounts tslllng due after oneyear li NET ASSETS 1849 880 FUNDS Endowment fvnd Restricted fund5 UnréstricLed funds.. General fund 12 1,692.297 1.704.779 12 157 583 115 932 The flnathclal statements were approved. and authorfsed for Issue. by the Directors on behalf by.. and signed on thelr Stephen Radley io
LOUGHTON IOPPING ENDOWMENT FUND NOTE5TO THE FINANaAL5TATEMENTS Forthe year ended ai December 2025 I. ACCOUNTING POLICIES Bosi5 of prepL7mtlon oAAlnon¢lulst¢7tements Thefinancial statementsofthe charity, whlch is a public benelitentity under FRS 102, have been prepared in accordan with the charleS SORP IFRS 1021 'Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accounts In actordance wlth the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021 leffecrive l January 20191., Fln3nci21 Reporting Standard 102 The Financ1 Reporting Standard applltsble In the UK and Republic of Ireland, and the chatIeS Art 2011. The financial statements have been ppared under the hlstorical cost convention The effects of events relatlng to the yÈar ended 31 Decèrnber 2025 whlch occurred before the date of approv31 of the f]nanclal statement5 by the Executive Committee has been included in the fiTranclal statem8nts to the extent requlred to show a true andfairviewof the state of affairs at 31 December 2025 and the re5ultsforthe yearended on that date. Fund t¥c¢ountlng General funds are unrestrlcted funds whlch are avallèble for use at the dlscretlon of the Trustees in furtherance of the general oblecrs of the Charlty and which have not been desEn3ted for other purposes. Endowment funds comprise fundsthat are to be retslned In Ilne wlth the orlglnal funder bequest. As the bullding Is held in the Endowment improvements, dÈpreclatlon. and the loan liability are all Included as of that balance. Restricted funds a funds which are to be used In accordance w5th specific restrictions ImposÈd by donors whlch have been r8ised bythe Charityfor particular purposÈs. The costof raising and administeringsuch funds are charged 3gaiD5t the speclfic fund. ThÈ alm and use of each restritted fund 15 Set out in the notes to the financial ststements. Statutory grants whlch are given as contrlbutions towards the Charity's core serwices are treated as unrestricted. In¢omAng resour$ All Incomlng resources are Included in the Statetnent of Financial A¢tivltle5 when the Charity Is legally entitled to the Income and the amount can be quantified with reasonable accutacy. Gifts in kind donated for distribution are included at valuatlon and recognised a5 income when they are distributed to the projects. Gffts donated for resale a Included as income when they are sold. Donated facillties are included at the value to the Charity wher2 this can be quantified and a third party 15 bearing the t05t. No amounts are Included in the financlal Statements for 5ervice5 donated by volunteers. Incorne tzx recoverable in relatlon to Investment Income or Gift Aid donations is recognised at the time the relevant Income is re1Vable. li
LOUGHTON LOPPING ENDOWMENT FUND NOTESTOTHE FINANCIAL sfATEMENrs Forthe year ended 31 December 2025 Resources Expefftled All expenditure is accounled foron an accruals.basls and has been Included underexpense tegOrIeSthat aggregate all costs forallocation to activities. Irrecoverable VAT Is charged 3g31nst the category of resources expended forwhich It was Incurred. However. the bas on whlch the Charlty Is now VAT registered, rneans that input VAT Is currently iecoverHble. Investments Inve5tmert15 are stated atcost value atthe balance sheet date. Tongiblefixedossets unddepredotlon Tangible fixed èssets 3re stèted at cost less depretiation. Depreciation is provided at rates calcu13ted to write off the cost of fixed assets, less thEir e5titnated residual value, overtheir expected useful lives on the followlng bases.. Bulldlngs- Over 50 year5 by equal amounts each year Furniture, fittings & equiprnent- 15% of reducing balance each year 2. PREMISES COSTS Unrestricted Funds 2025 Endowment Funds 2025 Total Funds 2025 Total Funds 2024 Personnel costs Cleaning- contract 34,142 22216 34,142 22.216 36,463 20.894 Distrirt rates and Lrtllities 15,436 15,436 24324 Maintenance contracts Telephone 7,230 7230 6$ Building maintenance, repalrs and renewals 23,369 23,369 37,542 (net of recharges to tenants. & any Insurance recovery) Loan interest and charges Insurance 9,185 9,185 10,885 (net of recharges to tettsntsl 12
LOUGHTON LOPPING ENDOWMENT FUND NOTES TO THE FINANCIAL STATEMENTS Forthe yearended 31 December Z02S a. OTHER EXPENSES Unrestrlcted Funds Endowment Funds 2025 Total Funds 2025 Tolal Funds 2024 2025 A£count3ncyf8es Prfnt, post and Stationery DeprecSation Leg31 & professlonal fees Sundry expenses 1,500 73 2,924 2,488 1.500 73 22024 2A88 116 735 19,100 22,134 938 4. INDEPENDENY EXAMINER FEES 2025 2024 Non auditservIS 735 5. STAFF COSTS PremisÈs manaEerfs salary, secretary honorariurn. and part time staff. Theaverage nurnberof eFnployee during the yearwas 412024:_ 41. No employees receed emoluments In exces5 of £60.000. 6. DIRECTORS Duringthe year. no DSrectors recelved any remuneratlon12024- the satnel. 7. TANGIBLE FIXED ASSET5 Furniture, fumi5hings and equlpmert Land and buildinES Total Cost At ljanuary 2025 as revalued Assltlons Disposals At 31 December 2025 2,037.108 99,330 2,296 2,136A38 2.296 Depreclatlon At l January 2025 Elimin3ted on disposal Charge for the year At 31 December 2025 203.508 82.156 285.644 22 NÈt book value At 31 DecembÈr 2024 At 31 December 2025 13
LOUGHTON LOPPING ENDOWMENT FUND NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 7. TANGIBLE FIXED ASSETS A profèssion31 valuatlon of thè building of £1.910,000 as ar 18 December 2020 was recelved on 3 March 2021 from Jarre5 BerliD Associate5. It is estimated that the bulldingconstitutes half the valueof the premlses, ènd this element 15 amortlsed by 2% pa. The original cost of the13nd and building was £3,667. The ch3rity has embarked on a major refurbishrnent programme. 8. INVESTMENTS 202S 2015 2024 The investments are shown at cost. 711 711 Market value 9. DEBTOR5 2025 2024 Due within one year Trade debtors Prepayments 4.984 206 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Bank loans and ovÈrdrafts VAT du& Accruals 5A(KI 7,794 558 5.300 7A61 11. CREDITORS.. AMOUNTS FALLING DUE AFTER ONE YÈAR 1025 2024 Rent dÈposit Bank loans Trlodos 27.500 27.SOO 116 903 144 123 $21 151 The charity took out a 25 year loan of E200,000 from Triod05 Bank Nvwith the first draw-down in M3y 2012. ThÈ loan is Secured by w3y of 3 fErst charge on the freehold premlses, Is at 3 fdte Df base rate + 3% Isublect to a minlmum rate of 3.5%), and capital payments began from May 2013. The element of the loan repayable in the corningyear Is included In 5hort-term CdItorS, note 10. 14
LOUGHTON LOPPING ENDOWMENT FUND NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 12. STATEMENT OF FUNDS TransfeT5 and Resources InVernent Expended salnslllossesl Bmught Forward Incoming Resour¢es Corrled Forward SUMMARYOF FUNDS General Funds Endowmentfund 115.932 1704 779 1820 711 175,849 1118A951 115W3 IS7,583 1692 297 175 849 146 680 Endowrnentfund- revaluation and mortgage loan As part of the process of obtalning the mortgage to fund malor repalts ènd Improvements to the Hall valuation w3sobtalned. The mortg¥ge Is secured on the premlse5, and Is therefore reflected a5 a dedvrtion from the endowment fund. Endowment fund revaluation and mortgage loan Included in the Endowment fund is the revaluatlo reserve of £1,692.29712024: £1,704,779) The Investments, prevlously consldered to bÈ an unspent element of the initial fund, have, In Ight of lrnprovements funded by unrestricted income, been re-categorised 8s unrestrirted. 13. ANALY515 OF NET ASSETS BETWEEN FUNDS Endowment Funds 2025 Restricted Funds 2025 General Fund5 2025 Total Funds 2025 Total Funds Z024 Tangible fixed assets Investments I14.500 16566 I31.066 IA50,794 711 711 Net curTent aetS Creditor5 due in more than one year IS.3001 I6706 162,506 120,227 116 903 1692 297 151021 83 1849 880 1820 711 157 15