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 COrpo￿te 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 finan￿01 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. ObJeC￿ve 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 leisur￿t1rne 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 3￿Inst 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. A￿1VITIEs 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