Charty Registration Number.. 302645 Huntingdon Commemoration Hall Unaudited Annual Report and Financial Statements For the Year Ended 31 March 2025 HUNTINGDON COMMEMORATION HALL Contents Paga Charity Refrrence and Administrative Infomiation Trustees, and Chairfs Report Independent Examinerfs Report Statement of Finanaal Activities Balance Sheet Notes to the accounts 8-13 MUNTINGDON COMMEPAORATION HALL REFERENCE AND AOMIMSTRATIVE INFORMATION FOR THE YEAR ENDEO 31 MARCH 2025 The ehkrity The Ègal r￿8 01 Ihe charity 1$ Huntsngdoi CoMme￿rat￿)n Hall. The ch&rW8 arèa¥ *)POAtion and UK charitsble regljtrntkjn Tlt chwity is wistered ID EDu4and & WFJes with the Ch￿ty commis&￿ for & Wales ICCEW charity number 302645. Legal 8tru¢ture of thè charity Governing DOC￿ment0ftt* chanty istre Twst estsblishmot￿￿ cthanty. ThB Governing D￿rnent 15dated 10 November 1947. Trustees a￿ all iThJiViduals. The princlpal operatlll9 address of thq chaty Is.. 39 High Street, Hunbngdun, PE29 3AQ It@ address 15 commhall.or The Tru8toos offlce on thg th8 r8portwa8approved *r•'. P Sweeney Icttairl D Whiiehead Awelsh S Stammler G ￿￿keY E CaTwier E Daly M Fearon G Hunt The foll￿n4 Por81)fi8 6èrv¢d o¥ Tru8tee8 during theyear ended 31 March 202S: Narn Appointed P Sweeney 2018 D WhiLÈn 2005 Awelstt 2014 A Wam Iresigned 8 J￿e 20241 2018 S McAdam (resigned 6 Jwte 20241 2015 S Stamrnler 2018 G fvkkty 2018 2019 2019 2021 2022 2023 2024 2024 E Carpenter ED8 Ir8*gn6d 30 Janwy 20251 R Cfisp I￿19￿ed 30 January 20251 M Ftraron lappoinied 6 June 20241 G Hunt lapptynbj 6 Jun2 20241 The pow ofwinbng reWoraddib￿al Tm$tees ve5tswlh th8 exisiiffj TrLth85 and Ihey mu9t be nominatsd by resolubon ofth8 C￿nmittee B•nkers 8ardays Bank rAc 1 Market Hll Hunbngdon PE29 3AE Independont gxainingr George Hay St George's House George Sl Hunbngdon PE29 3GH Page 1 UNTINGDON COMIAEAIOIiATION HALL TRVSTeES' CHAII'S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, pre5eDI their feport oThJ IhE finanual slatemenls fc¢lh8 year ended 31 March 2025. P.eIefen￿ and adminislratsve information set on page I fomb part ofthis report. Ihè finanu81 statements have been prepared In accordance vAlh the awunting polic*s sel In the wtes10 ￿ financial slalemenis. the Gharrti¢s Aci 2011, ststetneDI ol ReWm[n￿oe￿ Practice app11ra￿e to ¢h3niio¥ preparing their 8CCOunts In accordanc• viith the Finan￿al Reporbng SlandaTd ap￿ICable N Ihe UK lihe-charities SORP") and compty vAth the charity's Governiny Document ObJgctlv06 antt oftho Chartty ThÈ HuntirKJdon CQThr￿￿0r81h7n Mall charill5 acbwlE$ a￿ bas*1 on the objects ofifE charity siaied in the odglnal Tnjsl Deed dated 1947 3rMI subsequent Memorantlum of AJneThYmenl. narnelyto provide arKJ protrnle for If* benefil of the inhabitants of Hunlingdon land parlitrjlarty for those of less finantial mÈ8nsl tacililes for thwr racrgation ￿￿Elf¥e. Publlc benot The Hall contin￿d lo be lei to local communty groups 8md the TrJ5tees have p8KJ due ￿gard to guidan￿ lrythe Charfty C(¥Dmis5ion in detKling ￿that activities charlty should underlake Tho 8chlwemont8 and pfrFlorrnanc• of th9 charfty tho l¥ d05cFlbod In th• lollotA4ng ChalV$ ropo 11 15 a p￿asUre to present my report as Chair ol Ihe Hunlingdon comff*mor8￿0n Hall Charity for peiiod trom April 2024 10 Marc* 2025. This h8s been a year ol rneaningftjl wogress, $lrong community ￿wagernent. and gr(Ming confidence in the Hall'5 role as a thri￿n0 charitab￿ organisalion at the heart of lo¢al life ThrowlM)ut the year, the Hall ha5 C[￿linued 10 b8 used by a ￿lde range of comThJnity groups. prwale hirers. and loca organN%aiion3. This consislent ¢eTnand reflects both the Versaiility of the bullding and the value it hDlds lor those use It 11 h?5 t)een partlCLlarfyencOurag￿g 10 Kelcome new users alongside Iwg-stsnding supportets, re1nforung the Hall's posilion as a place for creativity, remembrance, and conrection. Arts Café Kiichon Rod6v8lopmerrt- Augusl 2024 A major h￿hlIght oftrE year was kne redeYelopff*nt of the k￿chen wihm the Arts Calé Space in ￿jguSt 2024. This tyoject Vfds rnade possibk through funding from Cambridgeshire County Cwncil. for YE are extremdy grateful. Tt* ￿develOpmen1 has created odem, rrt-for-purpose kitchen, providiry a nwand su$i8inable to strengthen wr focrfj ¢ffÈring. The newkitthen 8natle$ us to p[tyJU￿ fo(xl items and ryoducis on site, giving grealu control ovw quality and costs %thile reduur¥J relianre on extem81 suppllers. This has resutted in Iwr operating cosis and a reduced en￿ronn￿nI8l Impact. wth f ddiveri&s and more effluent use of resou￿S. Irnport8nity. food wa51e has also been ￿Ul*d. $upporbThJ our crThmrt￿nIto ponsIb￿ and susiainat4e OFeration. Improv•rnBnt to our faeilltie8. Thanks 29ain to a grant from C8rntsidgeshlre Courty Counal ￿ were aL%O abk to inst811 alr condith"oning In our main hall the healing and cooling abilitE5 for the comfort of our users, ccrfnm￿rtle5 and hirer5. This Ylll also help lo reduce our ¢osts and rarbon Èmissions. Communlty Perfornwncg 4nd th¢ Chrt6tma8 Pantomlm& Christmas panlorfmie, A Christma5 Wish, Wds anoiher standout suc￿55 ond reTnalns a comersione otthe Hall's cuhural programme. A5 a ￿mMunI1y-b8Sed amateur theatre production ihe pant(hnlme play5 a ￿tal role in brirvJiNJ Fe0P￿ together. ShO%￿a$Mg lopal lalent, aThJ creating shared expÈr*rK*s auoss generation5. The 2024 productkJn ￿￿coMed ¥kYoxlrnatety 2.500 a￿lent* rrÈmt*r5, demwstraliw Ihe continued enthusiasm for accessiNe. lotslly produced live ptrforman¢e. Tli$ Suc￿sS was made possible by IhÈ dedication oflhe c451, Lyew. vdunteer5. and cre8tive leam. We V4Ere al&0 delighted to reeeive huge support from the Mayor of Hunlingdon. Cllr Karl Brockett. and hi%wfe Julie. ￿ose encwragemeni aNI ¥i%1b￿ ba¢knrKJ meant a great deal to all inVo￿e￿ arwj hghlighled the ￿lderry￿¢ value ol It￿ yoduclion. P•gg 2 HUNTINGDON ¢OMMEMORATION HALL TRUSTEES. AND CHAIR'S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025- Co￿1￿nu•d Govorn•n¢o. Gvowth. and LooklngAhe8d As ttte Hall continues to grow and develop a5 a chsrty. the Trust•o$ have begun a period of ￿fleCtIOn lo ￿VIeW wh8re ar8 aTh how we sustain both our performan￿ and our growlh into the future This indudes tsking a thoughtful and Strategic look ai our staffing slrudure, ensuring we have the r￿ht capacity and skills In place. a5 well as reviewing ttte fabnc of the building lo understand futu￿ maintenancg and Inve$lff*nt needs. This work is aboLrt setting a clèar di￿¢￿0￿dent￿in9 pnerilies. planning responsibty.. and ensuring thai the Hall remains resilien( welcoming. and fit for purpose for years tci con*. 8y balancing aMb￿On Careful $tewardship, we aim to protedwhat makes CornwKmoration Hall sp8cial Whi￿ continuing to 8volve in response lo community needs. I ￿Uld like tc thank rny felkw Trust085 for th•ir continued cornTnilTrEnt, in51ght. and collaboTatN8 approach, a5 w•ll as all staff. volunteers, support8rs, and users of the Hall. Your ¢ontfibutien is fundamental to everything ￿ athiave. With strong foundations, improved fxililie5, and a ¢kar fo¢us on t￿ fuwre, l ￿nfvjenI that GotnrnpTnorarion Hall Charrty is well placed lo wntinue Serving our ￿Mmunity with energy, creativity. and care. Trustees- ￿)1￿cleS adopted for the induction and training of Tru8t888 Training of the TnJstee5' 15 Undertake￿ on an informal ba51s. Each new TtU5188 upon his or her appointment will be given a copy of the Tru¥t Deed and any amendments to rt. as well 8s a copy of the charity's latest report, finance govemance document and 5talernent of accounts All Trustees are kept informed al meetings of their duties and obligations uider the law in addib.on to Ih•r proper conduct. Flnancl81 Review al Prlnclpal lunding As shovjn In the Financial StaterneTrt5. Dur financial posit¥on h4s irnproved thi5 year. The charitls incorne is made up of incorne generated trom the Arts Café, events. ¢omftkroal ar￿ ¢x)mrnnity room and hall hirg$, denations and gran15. See not8s 2 and 3 to the accounts. 8 at 31 Marcth 2025 the charrty ttad £38.17212024" £38,760) in unTes1￿¢t￿y funds and £47.843 12024." £13.2651 in restricted funds. This Puts th& charity in 8 wdestly robust P0511ion to initiate further Income generating charitable activities aThJ proiEct5 with an eye on achR¥irrfJ the long-term objective of becorning financialw sustainable. The Gharity reGorded a net surplus of £33,99012024." ￿8,393> frjr the year. Trustees have complet? discretion for theif use of unrestiicted funds. The Trustee5 Fneet at properly Gonvened I￿￿ting5 to review the asset5 and finance5 of the charty. bl PrSnclpal rlsks and uncertalntles The Trustees have considered the major risks to which the charity Is expo88d lo and h8¥e satl8f*d them$eW that they have robust systsm5 and processes In pla(* in order to manage th08e risks el Reserves poIiGy It L8 the polw and objectwe of the cttarity that unrestricted funds whith have not been designated for a 5pecffic use should be tnaintained at a level equivalent to approxwnately three month'5 8ypenditur8, excluding depreryalion and rtiscrete projects. Th8 TtU51eps consKlpr that re5eFve5 at this level will ensure that. in 8vent of 8 8vJnthcanl drop In Income. they ￿11 be ￿e to conts.nue the char￿5 current activitie5 Whi￿ consideration is given to ways in which additional funds may be raised. This level of ieserves h85 n maintained throughout th& year. dl Golng concem The tharity continue5 to face many financial chalkrrfJes as a rasutt of the conts"Thued impact of high Infkqlion gn Ihe ￿$1 of $to¢k. Wages and general expenses logelherwith the wider eujnomic pressures facing our ummtsnily Sin(* the yÈar end we have seen the Art5 Café, gvents and hall hire bookings continue lo remain strong as a resu￿ of repeat GU51oTner5. referFa15 and new enquine5. As m8nts.oned in the Chaiffs Repvrtthe Chrisbnas Pantomime has been a oreat source of rnuch needed fvnd5 and the Improvernents made to the kitd)en with the assistance Df gran15 have enabled u5 tLI improve the finanryal contribution rnade to t￿ charity. Addrtionally, $in¢e the yeai end the charity has been awarded a grant that will heb us become greener by repla¢ing many of the 01¢ inefficient lights throughout the hall. The Trustees belwe this will have a positive finan¢ial impa¢t on ¢harrty. Th15 togetherhvilh th8 efforts ofthe Truste￿. staff and volunteers puts us in a good Position 10 Ihe finan¢iai ¢ha11enges. The Trustees o)ntinue lo carry out régularfinancial strè$s tests $0 Ihal any potential issues ¢an be Identifi￿ and tackled as eady 85 possib￿. Thus, Tiustees contifiu& to adopt the g(xng C￿ncern bas￿ of accountin9 Ill tKeparin9 the financial 5t8lerrnnls. P•q• 3 HUNTINGDON COMMEMORATION HALL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Ststement of Trustees. Responsibilities The Tru51ee5 are responsible for weparing the Trustees, Report and the financial statements in accordance ith applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England and Wales requires the Trustees to prepare financial 51alemenls for each financial year which give a true and fair ￿eW ol the slate of affairs of the charity and ol the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the Trustees are required to". sethl suitable accounting policies and then apply them consislenuy., observe the methods and principles in the Charities SORP 2015 IFRS1021', make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any material departu￿$ disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless i( is inappropriate to presume that the charity will continuè in operation. The Tru$tees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any timè, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounls and Reports) Regulatsons 2008 and the provisions of the trust deed. They are also responsible for safeguarding the asset5 of the charity and hèncÈ for taking reasonable steps for the prevention and deteclion of fraud and other irregulaTilies. Approved b of the board of Trustees and signed on their behalf by.. ark Fearon Trustee Date.. qfj Page 4 HUNTINGDON COMMEMORATION HALL Independent Examinees Report to thg Twstegs of Huntingdon Commemoration Hall I report to the Twstees Dn my examination of the financial staternents ol HLSlltin9dDn Comm8ffl0ration Hall I'the charity'l for the year ended 31 Maich 2025 which compris¢ th¢ Statement of Finallci81 Activities, the Balance Sheet and ￿lated ntstè5 sel out on pages 8 10 13. Responslbiliti•s and ba¥is of report As the Twstees of the charity you ale iesponsible for the preparation ol Ihe financial statements In a￿ordanCe with the requirement5 Of the Charities Act 20111'the Act'l. I report in respect of my exanNnation of the ehaTty's financial stslements carried out vnder section 145 of the Acl alld in carrying out my examination I have followed all the applicable Directions given by the Charity Commission und8r s8Ction 1451Sllbl of the Act. An independent ex8mination does not involve gathering all the evidence that would be required in an audit and cons8qu8nlly does not cover all the matters that an audit¢r considers in giving their opinion on the financial statements. The planning and condtsct of an audit goes beyond the limited assurance th81 an independent 8xamination can provide. Consequeftlly l express no opinion as to whether the financial statements present a 'true and fairf view and rny report is limited to those specific matters set out in th¢ independenl examiner's statement. Independent exarninoV8 Statement I hav¢ Gompleted my examination. l confirm that no rnalerial matters h8ve corrE to my attentson im connection with tht examination giving me Gause to believe that in any material respect.. accounting records We￿ not kept in respect of the charty as r8quiiBd by section 130 of the Acl", or > the tinancial State￿nts ijo not accord with those records., or > the finan¢ial statements do not comply wrth the applicabk requ1￿mentS conceming thè form and Content of accounts set out In the Charities (Accounts and Reports) ReguSations 2CN)8 other than any reqU1￿ment that the accounts give a'true and fair view which is not a matter oonsidered as part of an independent examinatlon. I have no concerns and have come across no other matters in connection with the examination to whi¢h atttsntion should be drawn In this report in order to enable a proper understanding of the financial statements to be reached. QrQLn Qpe•4É l4 LLe St. George's House 14 George St Huntingdon PE29 3GH Date". Page S HUNTINGDON COMMEMORATION HALL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unr•$tricted funds 2025 Restrlcted fund$ 2025 Total funds 202S Total funds 2024 Note Income from Donations and grnnts 847 63,615 64,462 22,019 Chartsble actiwties 257,343 257,343 204,395 Total income 258,190 63,615 321805 22e.414 Expenditure Charitable activities 12 258,778 29,037 287,815 198,021 Other expenditure Total expenditure 12 258.778 29,037 287 815 198.021 N¢t lex￿ndItureI I Income for tho year 34 578 28,393 Re¢on¢iliatlon of funds: Total funds brought fOr￿ard 38,760 13,265 52,025 23.632 Not movement In funds 15881 34,578 33,990 28,393 Totsl funds carrled formard 38.172 52.025 The Statem&nt of Financial Activities indude5 all gains and losses recognised in thè year. The notes on pages on 8 to 13 fom part of these financial statements. Pag• 6 HUNTINGDON COMMEAIORATION HALL BALANCE SHEET AS AT 31 MARCH 2026 Notè 20 2024 Fixed As¥ets Tangib￿ A88ets 50,750 20.097 Currgnt Ass•t5 stock Oebtois Cash at bank and In h8rKI Total currgnt ass¢ls 2,075 10,554 52,164 64.793 2.250 12.￿1 33.237 48.448 Creditors.. amoun¢ lalllng due ￿7th1n one year 129.5281 116.5201 Net current assets 31265 31.928 Total nÈt aSSots 86,015 52.025 total net assèts ofthe charty 8r8 funded bythelunds of the charty a$ foll<4vs". 2025 2024 Charity funds Unresiricled fund8 Restrued fund5 10 3Q172 47,843 38,760 13,265 Tot￿ funds 86.01$ 52,025 Th8 flnanaal statements roved and authorw for issue by the Trusteès and 5vJnad on their behalf by.. Eamonn Oaty Truste8 Date.. The notes on pagès 8 to 13 form part ofthese finan￿81 slaterrents Pag• 7 HU14TINGDC*4 COMMEMOPAllON HALL r40TES TO TFIEAGGoupifs FQR THE YEAR E14VED 31 MARCH 2026 1 ACcr￿n￿ng pDIIc ol Bul• of Prepornuon Th8 &tstem*)ts have t*en pre￿ra1 In the chanV5 constriui*Jn. ihe Charrtl88 A¢t 2011 snd -AeCwnd￿ and RÉF￿￿ Ch￿￿23 St8￿Mer￿ of Re￿￿nded Pracbce ID wopariw their act(uts kn atsxrdanc8 wlh tre Financ￿1 RewthDg sta￿ard In thè UK end Rap￿￿01 IrèL4nd IFRS 10211offthO l January 20191.. tr￿ uiè d4%Thiii￿ ol g PUtAL ber*fft wlhty under FRS 102. Th• thariiy hA9 laken avantag2 of the P￿siL￿5 SORP aprAying FR5102 Upjate Bulldin 1 not to Pr*￿￿ a s1tst￿nt ¢1 Cath h￿e dwrted from the ChBrdw (Account3 Retxxtal R￿ul￿on￿ 2W8 On￿ to th• extent tr> pr*ido • and I￿r. This (*pathrÈ has InVt￿¥￿ I￿l￿r￿j Strt￿nt ol Rèc4rrrngnded Prx*e ￿re￿O￿t&S sp￿r￿￿ FRS102 rather than tre version OF the Staten*ntof RttemKèrthd Practrevthich iy referred to inth• F•gu14Ity1$ butwnich has *nGe bBW Thè fjnanoy¥ statwnwts 3r9 (Uncl￿e1 currency of the thyriiy in these fiTran￿ 5tatemnt8 are ￿￿rLd￿d io thè rt4weyt£ St*emnt4 h4vè wopar£d thiderlhe hyj￿￿Clj)6trn￿V&N￿￿ Thè arccthitiw 4ros&OLrt bel blGolng conc•rn Th8 c FeirAiM strong a¥ ol CUSt￿nE[S throuph referr￿$ FoUcMnnglhB sionfftanteapital iThvestyrwl In tho hall ¥inc* thè y08rer￿ we have put Oursdves In a strow to conbnL* to retsin attract cus￿￿¥$ the ayorts of the Tiustegs, siaft ￿ vLI￿nteerS W& e ￿ g FM)SitiCil to tThwe The Twst•o$ (x)nbfvJe ￿ C4rry oth r9gular Str￿ te9tS 50 any (xn be athlresEed In advaw8. Thv$, tm Trustse8 c¢nlnua w ad(Vthe 9t￿￿9 (￿GErn bA>fy ol acuuntsnp thèffftanciÈl ￿￿ten￿n clCrft￿I •ECyun￿nw e￿Irr￿ and judgement• In the dthe ehanys eccoumng poli￿e$, thetrvst*8 a￿ Teguiradts rrAkeiudgThnts, tslmAtegAnd assu￿￿onsa￿ thBc8tryhg affthntof assets and Iiabilth95 not Bppgr¢ntfrom olher sourt£i. T￿£s￿mIeS aidayJocial8d assumpbfrt Èie Da9ed on hIs￿nGal &xparionce aid 0therfaL*¥slt￿Iare￿th￿dtD bè Athal rnay diffEr ￿nt￿￿estiMate$ T￿e5￿mateS U￿eT￿n0 assumptiDns rewivwed ty)8n ba515. Re¥i¥vJDSto a¢ithDting elt￿￿5 Brè recogn19￿ In porth in ￿len e3bme thè re¥isKn affKts fyity1hatpw1￿. Orin thè wwjdof thè rewwnand fthur8 ￿tsI￿thPreV1S￿n aifec4sbot d} Incorne All inctmè Is once (tsrity has &ntM￿￿ent to thè irK0￿. that tM thl be re￿Ned 5Md IhB aTTh)uni of incom ean be mwured C￿￿rty￿￿tivty 5fKaWTra IS nèt ofVAT andott)er InL¥Jme rf5tqdtax•S. UTrrestrK*gdfunds 4r&avaLgL*fof uae atth• ai5uet￿n 011￿ Trusw In furtnwanE•dthe ge￿lobl￿e$rfthfj thanty. R8strK*éd fundè can be used lor partu￿ resbirw puwgey tha ob￿ts of Residoions arise when ¥•&fi•Y ty ts i%ts)r Or V4hen lunds 3rot&ised re1kn￿lar restncted purpne •} Resour¢4x E*p#nd EX￿dIt￿te il anm there IS a *1 or to trarffjfw to a third porty, rt Is that 8 Iisn91•r of tr￿nefits ¥%ill bè ￿q￿Ted In gettiement of the oNl9A￿On can bg r8l&bty ExpendibJre Is by JL*vty T L¥)St5 Qtegch athvty arg mao0 up of the tcrtal ￿dIr￿1 COStsa￿ shar8d t*&SL8, induding 5UPPDn In¥dY￿ in undErtakin9 each *Ivity Oire& •tntsU&b￿ toa ?￿￿8 ar& al&Ka1￿ diréttty tD ihat arANw. Shared costs whth contribute to NrAe ihan orrt actvty guppllrt eoyts YJhKh a rb)t tD S ¥irtg&g app￿i￿ned befvn th(ssp 8cbvities M a basis consistenl wlh thg uye of re￿ice5 EX￿drtUre on chantsrk Vltias IS IfoJired on 4irec¥y undFthking thg aLtiviti2swhKh lurther Ihe tharity's obje￿Ne%. 88 any as90￿￿￿ Support￿$1$ Al expendlure 18 I￿u￿¥9 of irrfjcry4etatleVAT r> Enwloyee benefit• The co¥t of any ¢ntrtlenxrt Is in In erylDyee'$ 4re rec*ved Twrr•natTh are iTrYn8di&tqly as an •xp8ng• ¥¥hen ihe charity rs u]mmitted *0 twrnwte the g￿laY￿￿￿t of an ernr4oye& or to prov tÈmi1nat￿n benef1ts. Tw5t98S g)nsid9r IW tth tharty is tr(xn ta%8￿0Th in lèg￿t d Income or upital gain¥ T9c8ived within CateoMes covergd by Ch&ptsr 3 Part 11 01 ihe CryTaiw Tax Act 2010 or 256 Oft￿ Tayalion of Charggth GÈingAct 1892. 10 the extentlhak I￿)me or gains re aprI￿d ax￿￿¥￿Y ￿ the charrtabh Ob￿ of ehaftty a)1 ro ottw purwJe ThE (Awity véaB I*￿*t￿•d for VAT part way th￿9h the HUNTINGDON COMMEMOIiATION HALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l Accounting policies Icontit)uedl h) Tangible fixed assets Tangib￿ fiKed assets are initially rTEa5ur8d al cost and $ubwuen¥y Tr￿asUre￿ at cost or vhluation. nèt of depreciation and any Impairment losses. Depr8ciatson Is recognised so as to write off th9 C08t or valuatson ol assets I￿5 their residential values over th&r useful lives Dn the Following ba51S'. Equipment Fixtu￿$ and fitting5 Propety Improvements 25%- 51raight-line 20% stratqht-line 10% slratqht-line il Impalrrnent of flxod assets At eath repcrting end dale. the ¢harty ￿vIewS the carying anKunts of ils tangible fixed gs$ets to 4etermine whether there 15 any Indication that those assets have suftered an Impaim*nt l¢)ss. If any 8urh indulion exi5t5, the recoverable amount of the asset 15 estimated in order to d&teTmine the extent of the imtsaimieni loss (rf any). 11 Stock Stock is 8ccounted for at the lower of cc6t and net ￿¥11$able value on a first in first out basis kl Cash at bank and In hand Cash al bank and In hand includes cash and short-t8m highty I￿Uld inv85tments with a short maturty of thr88 months or le88 from the date of acquisthon or ¢pening of the d8PQ¥It or s¢milar account. 11 Llabilitigs and pn>vlslon8 LKaèilil*s are re¢ogn15ed when the￿ is an obligation at the Balance Sheet date as a ￿sUIt of a past event. il is Probab￿ that a transfer of eeonoinic b8n8fit will b& required in settlemgnl. aThJ th8 amount of the setuement can be estirnaled reliably Liabilrt*s are re￿nised at th8 amount that the charity anticipates il will pay lo settle the debt or the amount Il has re￿IVed as alfvan￿￿ payments for the 5ervic85 it must provKJ¢ Provi510ns arg Measu￿ at the best estimate of the amounts required to setue the obligation. Where the effect of the lime valL* of money material, the provision 1$ based on the present value ef Ih05e amounts, distounled al the pr&tax discount rate that rrfects the risks Specific to the liability The urNtsinding of the dK5count Is rets)gnised in the Statemont ol Financial Activities as finance cost ml Flnartlal in&trum¢nts The charity has e￿cted to apply Sections 11 art 12 of FRS 102 in respect of finanaal iTrslnJments. Flnanual assets and finanoal liabilities are r8cognised when tho ehaiity becomes party lo Ihe conlra¢tual proYisK)r of the instrument Financial liabilits.es and equity instrurrÉnts S￿ dassified according to the substan¢B of the contractual aTTang8rf￿nts entered Into. The charity's policies for its majw dasses of frnana81 assets and financial liabilitEs are s81 out ￿￿w. Financial assets 8asic financral assets. includirg tr&Je aThJ other debtors, cash bank bala*c8s and finanring at8 initialty recognised at transaction price. unless the arrangernent c¢nsb"tute5 a financing tonsaction, %Vkne￿ the transaction Is MeasU￿d at the preseni value of the futu￿ receipts di8¢0unteiJ at a market rate of interest for a similar debt instwment. Financing transactions a￿ those in wh￿h p8yft*nt i% deferred beyond normal business tsrm5 or 18 financed al a rate of irFlerest that 1$ not a market rate Such assets ar8 5ubsequenly caffigd at amortw eost Using the effective interest method, any Impai￿V&￿t. Financial liabilities Basic financial liabil￿@$. including trade ar¥J other creditors and loans that art dassffj￿d a$ debt, are inits.alty rewnised at transaction price. unless the arrangemènt ¢On5titule5 a financing transaction, where the debt Instmff*nt 1$ measured at the pre58nl value of the future payments discounted at a marl¢et rate of interest for a similar debt instrument. Finanong transaclions a￿ those in which payrnenl 18 defer￿d beyond nomal busin8SS terms or 15 fin8nr*d al a rate of interest thai 15 not a market rate. DBbt instruments a￿ subsequenlty Carried al amDrti$ed cost, Using the eff8thiv8 intgre8t rate method. Pag• 9 HUNTINGDON COMMEMORATION HALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l A¢¢ovnting pollclos Icontlnuodl ml Flnanclal instNmwnts l¢onlinugdl Impairment of financ4al assets Fmanual assets measured at cosi and 8mortvd cost Are asse86ed al the ènd of ea¢h reporting penod for obsective eviden￿ of IMpa￿Ment. If Objecti￿ eviden￿ of impaitrnenl is found, an impainrenl Ioss is reugnised in the Statem&nl of Finanaal Aclivkties. For finantyal assets me8surÉd al cost kss impairment. the impairment Ioss 18 mea*Jred as the difFerence bekn*en the asset's rAryng 8mount and Ihe best eslirnale of Ihe 8mounl the cornpany would reTrNe f￿1he asset if il were lo be 501d atthe dale. For finandal 88se18 me88ured at amLrtEed c051. It* impaimenl knss is measvreil as Ihe ditterence b8MEen Ihe asset¥ caTryirvJ amrAJnl and the preseni value of È8timated ￿$h fkTh5 d￿coUnted ai the 888efs orwinal effective interest raie. If Ihe finan￿al a55el has 8 ¥an8b￿ Interest rate. the d15c0￿1 rate for measuriru 8ny IrTpairment Ioss k% the currenl effeclwe infftsl raie detttmined underthe contra¢t. If there 15 a de(Jea5e in the impairment Ioss arising from an event ot£urring after Ihe impairment was recognised, the iffwainenl is reVe￿ed. The re¥ersal Is such Ihat the ojrrenl carywng arnounl does not ex(*ed what the carry￿g amount vnukd have been had Ihe ¥npaimient not previou5ty been retogni88d. The knpairmenl reversal is reco9nised in the Statement of Financaal AC￿￿tId$. Dgrecogrtition of hnancial assets •nd fihanclal IlablllU88 Financial a8881s are derecogni5ed lal the contractual righ1$ to the rAsh fiow5 frorn t￿ Asset exp￿￿ or are 8etUed. or Ibl SubSt￿liallY all the risks and rewards of the ownetship of the asset are transferred to another paty or Icl de$￿tr having retained some significant risks and Tewards of ¢Jvm&rship. Control of Ihe 8S5el has been Iranslerred to anoiher party vtho has IIE pradical abilty lo unilateralty sell the asset lo an wreLiled IhiTd partyvnthoul inwosirKJ additional resthctvjns. Financial liabilities 8re derecogni8ed the liabilty Is extinguished. Ihal 1$ when the contsaGtual oblvJalon Is discharged. (an￿lled or expires. Offwttlnp of ffinancbal a88•ts and flnjncial liabl1￿leS Financial assets 8TrJ liabilities a￿ oftset and nel amount reported in Ihe balance sheet therE 1$ an enforceable ri9ht to set off ihe recognised amounts and there is gn intent￿n 10 8ellle on a net basis or 10 re81i8e the a8sel and seiiÈ the liability simutsneousty. nl Employees average numbe* of employees duriry the ￿ar Was 4 I2￿24- 41. No empltyee8 re￿Ne0 annual remuneya￿on more than E60k In knL5 or the previous year. DetaiLs of e[￿￿oYee costs Ind&Jing afflounls paid 10 a defined contribution scheme are 8hM in note 12. Pago 10 HVIMNGDON Com￿EmoRATION rtALL NOTES TO THEKCOVNTS FOR THE YEAR ENDED 31 MARCH 2025 2 Grants rE¢elved Dunn9 the year tharty receiTrAd the following ie¥trth grants. 1025 2024 GreeD 8ugnwJg Imp8¢t Grant Cambnd9e$hire County Couwl West CBmbrid9eshire Federabon Huntyn91bn F*mèn's Trust Hunting￿￿ Districtcouncii Hunbngch)n Youih Theatre Shake5peaie atThe Geoi4t HunbTrgLb)n Rotary Club VaDDus Indwidual8 40.000 3.000 7.160 7.084 900 l.WO 11.48s 200 850 63,615 3. InMm• Irom tharftabl¢4thlth• 2025 2024 Roorn hire Events Food drinks 17,*1 49,837 82 353 150.871 Twst•O8' Romtmeratyon and 8￿e￿5 Th¥ev¢re ￿Trus￿, iernun8ral￿ orany othw t￿OrrtSfQrtr￿Y9ar 8￿80 31 March 202S131 Mart* 2024. £nill. Trnstees, •xpen•e Trwtees. exrenses p&d foi in and tho wevious y•ar¥&*re£nil. During the Y￿ T Askew recavea £2,410 12024 £2,883> IM thechantytrrfihe wowsion (rftechnLyl Bupr%yt Wvi¢es ¥vhjlst bno ass Tw$ S. Inde￿￿￿ent •xamI￿￿￿ rprnun•rnU Tho IndependenleKamin*s remunerfipn Jrrnunts lo an dr￿￿￿￿ent exwrynel leeor£700 12024. £80111. Tan￿bl￿filed 41t•t• Fixture4 fftUng$ and e4iiipmBnt Property Imprnvem2nts Total cost At 1 Apr￿ 2024 Addrtion$ Al 31 M8r¢h 2025 29.531 46.900 76.431 8.767 38.2#8 46.wo 8419B 8,7fj7 >roclaUon At 1 April 2Q24 ChaigefoT the ￿)r Al 31 March 2D25 17.672 15,370 33,042 S29 877 18.201 16.247 1.406 Net boDk v¥lue At31 March 20Z5 43,389 7.3S1 50,760 Al 31 March 2024 11.859 8.238 20.097 7. Debtors 2025 2024 Trade debtus Prepayrnents Other L*Diors 7.239 3.285 8,8 2,S24 1,832 12.951 10,554 Pago 11 HUNTINGDON COMMEMORATION HALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 8. Crtdltots.. Amounts falllng (luo wlthln one yoar 2025 2024 Trade creditors Taxation Pènsion credrtor cruals Othw creditors Trustee loan 11.544 6.085 242 6,197 5,430 3,128 7,249 218 5.075 850 29,528 16,520 9. Operntlng lease commitments Al Iha reporting end dale tho charity ha1 outstanding ccrnmth8n15 for future minimum ￿ase p8yft*nts under ncn- canCellab￿ operating leases. whid) fall due as follows.. 2025 2024 Within one yèar 3.330 229 Aiior one year and not later than fivo year5 10. Unr¢s￿¢t¢￿ lunds The unrestricted funds of the f*arity compris8 the unexponded balances of donations and grants which are not subject to specffic ¢onditions by donors and granlots as to how they may b8 Used and unexpended balancgs from charita￿@ activit￿5. At l Aprfl 2024 In¢¢ynin9 Resources resourc85 Expende(l Transfgrs Al 31 March 2025 General ftJnLI 38,760 258,190 258 778 38,172 IrKcrning Resources resource5 Expendod Trnnsfors Al 31 Ma￿h 2024 2QZ3 General furvj 19,460 2L%.026 186.726 38.760 11. Restricted funds The ￿$tricted funds of the eharty compdse the urwend8d balanGos of donabons and grants hold on trust subJ￿t to specrfic condition5 by donor5 as to how W may ￿ used. At l Apwil 2024 Incomlng Resources rgsourc88 Expondgd Tran5fw5 At 31 March 2025 Genèral fvnd 13,265 63.615 29 037 47 At i ￿rI1 2023 Incomlng Rssources r8sourtè¥ Expendèd At 31 March 2024 Transfvrs General fund 4,172 20.388 11.29S 13.265 Pag•12 HUNTINGDDN COMMEMORATION HALL NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 m￿AcH 2025 IL Support¢wt¥ for charftsbl? actlvttlg8 urrent year Unr￿1￿cted funds Curront yoar f8st￿¢t0￿ funds Current y••r totsl Prior year lolal ¢08t of 8&108 Food and drink Events aNI technical support Operaiing lease paymen15 72.660 53,577 3.078 72.e60 53.577 3.078 58,824 29,340 874 Preml¥o5 expenses Lighl and heal Rates CleBning Repairs 20,339 1.138 2,272 11,362 20,339 1,138 2.272 28.886 23.393 2.240 2.5 9.863 17.524 Admrnistrative ovethead Salaries and wèyes Pension costs Subscriptions Insurance Te￿phOn& Inlemel Hire of 8quipment Licenses and Olhèr council payments Ad¥ertising Sundry an(J 5tatiwery expenses Bad debt provision Dep￿￿all0￿ 66.367 1,163 612 3.059 665 1.907 1.021 4,593 1,859 2,432 6.154 86*7 1,163 612 3,059 48 759 728 779 1.931 768 363 679 3,671 465 564 8,322 1,907 1,021 4.593 1.859 2.432 16,247 10,093 pro￿8￿0￿￿1 fo•8 Accountancy and payroll Legal and professional 1.677 1,677 1,420 830 1.420 Flnahclal costs Bank and wdil Cartl charye5 2.843 3.072 Tot•1 $upptxt¢08ts 268,778 29,037 287.81S 198.021 13 R8lat6d paty tran8actlon$ T1*rewe￿ no rtlated party transaction5 olherthan the Trustees swwces disdosed in note 4 Pago 13