REGISTERED COMPANY NUMBER: 03269959 (England and Wales)
REGISTERED CHARITY NUMBER: 1062538
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
HAILSHAM PAVILION LIMITED
Aequitas Limited
1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL
HAILSHAM PAVILION LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
==> picture [396 x 352] intentionally omitted <==
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15
DRAFT
----- End of picture text -----
HAILSHAM PAVILION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31December2024.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany, limited
by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03269959 (England and Wales)
Registered Charity number
1062538
Registered office
George Street
Hailsham
East Sussex
BN27 1AE
Trustees
B Simmonds (resigned 30.1.24)
J Elphick
C E Hide (resigned 23.7.24)
G H Jones
T Powis
P R Simmons (resigned 23.1.24)
R E China-Roberts (resigned 21.11.24)
E L Isaacs (resigned 9.12.24)
B R Jones
A J Brooke (appointed 4.2.25)
H Lawrence (appointed 4.2.25)
R W Dunn (appointed 25.6.24)
C Hale (appointed 10.7.24)
E E Hale (appointed 25.6.24)
Company Secretary
J Elphick
Page 1
HAILSHAM PAVILION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
.
Aequitas Limited
1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
G H Jones - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAILSHAM PAVILION LIMITED
Independent examiner's report to the trustees of Hailsham Pavilion Limited ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2024.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompaniesAct 2006
('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationI havefollowedthe Directionsgivenby the CharityCommissionunderSection145(5)(b) of the 2011
Act.
-
I confirm that no matters have come to my attention with the accounting requirements of Section 396 of give a true and fair view which is not a matter
-
prepared in accordance with the methods and accounting and reporting by charities (applicable to
-
with the Financial Reporting Standard applicable in across no other matters in connection with
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I haveno concernsand havecomeacrossno othermattersin connectionwiththe examinationto which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
.
Aequitas Limited
1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL
Date: .............................................
Page 3
HAILSHAM PAVILION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
31.12.2431.12.23
UnrestrictedTotal
fundsfunds
Notes££
INCOME AND ENDOWMENTS FROM
Donations and legacies 224,31856,110
Other trading activities 3168,191179,314
Investment income 4611670
Total 193,120236,094
EXPENDITURE ON
Raising funds 5215,367246,662
NET INCOME/(EXPENDITURE) (22,247)(10,568)
RECONCILIATION OF FUNDS
Total funds brought forward 118,888129,456
TOTAL FUNDS CARRIED FORWARD 96,641118,888
The notes form part of these financial statements
Page 4
HAILSHAM PAVILION LIMITED
BALANCE SHEET 31 DECEMBER 2024
|
|
|
31.12.24 |
31.12.23 |
|
|
|
Unrestricted |
Total |
|
|
|
funds |
funds |
|
|
Notes |
£ |
£ |
FIXED ASSETS |
|
|
|
|
Tangible assets |
|
11 |
16,938 |
22,583 |
CURRENT ASSETS |
|
|
|
|
Stocks |
|
12 |
2,514 |
1,907 |
Debtors |
|
13 |
- |
2,544 |
Cash at bank and in hand |
|
|
114,886 |
118,293 |
DRAFT
117,400
CREDITORS
Amounts falling due within one year
14
(37,697)
NET CURRENT ASSETS
79,703
TOTAL ASSETS LESS CURRENT
LIABILITIES
96,641
NET ASSETS
96,641
FUNDS
15
Unrestricted funds
96,641
TOTAL FUNDS
96,641
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act
year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the |
|
|
|
122,744
(26,439)
96,305
118,888
118,888
118,888
118,888
2006 for th
year ende |
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct2006for the
year ended 31 December 2024.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
HAILSHAM PAVILION LIMITED
BALANCE SHEET - continued 31 DECEMBER 2024
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
G H Jones - Trustee
The notes form part of these financial statements
Page 6
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102, have
beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK
and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshavebeenprepared under
the historical cost convention.
-
in the Statement of Financial Activities once the charity as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic
-
of the obligation can be measured reliably. Expenditure classified under headings that aggregate all cost attributed to particular headings they have been
-
at the following annual rates in order to write off each - 25% on reducing balance - 25% on reducing balance - 25% on reducing balance - 25% on reducing balance
-
lower of cost and net realisable value, after making due
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementandthe amountof the obligationcanbe measuredreliably.Expenditureis accountedfor on an
accrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category.
Wherecostscannotbe directlyattributedto particularheadingsthey havebeenallocatedto activitieson a
basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
Improvements to property- 25% on reducing balance
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Computer equipment- 25% on reducing balance
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowancefor obsolete
and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 7
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
DRAFT
2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Income from cinema/theatre
Net kiosk income
Lettings
Sundry income
4.
INVESTMENT INCOME
Interest receivable - trading
5.
RAISING FUNDS
Raising donations and legacies
Support costs
Other trading activities
Purchases
Staff costs
Licensing
Aggregate amounts |
31.12.24
£
24,318
31.12.24
£
134,580
10,322
17,092
6,197
168,191
31.12.24
£
611
31.12.24
£
68,790
31.12.24
£
60,009
84,380
2,188
146,577
215,367 |
31.12.23
£
56,110
31.12.23
£
154,254
10,560
5,705
8,795 |
|
|
179,314 |
|
|
31.12.23
£
670
31.12.23
£
83,128
31.12.23
£
55,885
107,360
289 |
|
|
163,534 |
|
|
246,662 |
continued...
Page 8
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6.SUPPORT COSTS
ManagementFinanceOtherTotals
££££
Raising donations and legacies 51,61111,5325,64768,790
7.NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.2431.12.23
££
Depreciation - owned assets 5,6457,530
8.TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfor
year ended 31 December 2023.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear
31 December 2023.
9.STAFF COSTS
The average monthly number of employees during the year was as follows:
31.12.2431.12.23
General Manager11
General Employees56
67
No employees received emoluments in excess of £60,000.
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfor the
year ended 31 December 2023.
Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended
31 December 2023.
continued...
Page 9
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
10. |
COMPARATIVES FOR |
THE STATEMENT |
THE STATEMENT |
OF FINANCIAL |
ACTIVITIES |
|
|
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
|
|
|
funds |
|
|
|
|
|
|
|
£ |
|
INCOME AND ENDOWMENTS |
|
FROM |
|
|
|
|
|
Donations and legacies |
|
|
|
|
|
56,110 |
|
Other trading activities |
|
|
|
|
|
179,314 |
|
Investment income |
|
|
|
|
|
670 |
|
Total |
|
|
|
|
|
236,094 |
11. |
DRAFT
EXPENDITURE ON
Raising funds
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
Plant and
and
Computer
property
machinery
fittings
equipment
£
£
£
£
COST
At 1 January 2024 and
31 December 2024
14,474
54,173
75,124
762 |
|
|
|
|
|
246,662
(10,568)
129,456
118,888
Totals
£
144,533 |
|
DEPRECIATION |
|
|
|
|
|
|
|
At 1 January 2024 |
|
14,384 |
33,097 |
73,866 |
603 |
121,950 |
|
Charge for year |
|
22 |
5,269 |
314 |
40 |
5,645 |
|
At 31 December 2024 |
|
14,406 |
38,366 |
74,180 |
643 |
127,595 |
|
NET BOOK VALUE |
|
|
|
|
|
|
|
At 31 December 2024 |
|
68 |
15,807 |
944 |
119 |
16,938 |
|
At 31 December 2023 |
|
90 |
21,076 |
1,258 |
159 |
22,583 |
continued...
Page 10
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. |
STOCKS |
|
|
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
|
£ |
£ |
|
Stocks |
|
|
2,514 |
1,907 |
13. |
DEBTORS: AMOUNTS |
FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
|
£ |
£ |
|
Trade debtors |
|
|
- |
1,183 |
|
Prepayments |
|
|
- |
1,361 |
14.
15. |
DRAFT
-
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
£
Payments on account
20,520
Trade creditors
8,130
Social security and other taxes
37
VAT
6,510
Accrued expenses
2,500
37,697
MOVEMENT IN FUNDS
Net
movement
At 1.1.24
in funds
£
£
Unrestricted funds
General fund
118,888
(22,247)
TOTAL FUNDS
118,888
(22,247) |
|
|
|
2,544
31.12.23
£
13,208
2,419
1,400
6,912
2,500
26,439
At
31.12.24
£
96,641
96,641 |
|
Net movement in funds, |
included in the above are as follows: |
|
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
|
resources |
expended |
in funds |
|
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
|
193,120 |
(215,367) |
(22,247) |
|
TOTAL FUNDS |
|
193,120 |
(215,367) |
(22,247) |
continued...
Page 11
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.23 |
in funds |
31.12.23 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
129,456 |
(10,568) |
118,888 |
DRAFT
TOTAL FUNDS
129,456
(10,568)
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
236,094
(246,662)
TOTAL FUNDS
236,094
(246,662)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.23
in funds
£
£
Unrestricted funds
General fund
129,456
(32,815) |
|
|
118,888
Movement
in funds
£
(10,568)
(10,568)
At
31.12.24
£
96,641 |
TOTAL FUNDS |
129,456 |
(32,815) |
96,641 |
continued...
Page 12
HAILSHAM PAVILION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
15. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
IncomingResourcesMovement
resourcesexpendedin funds
£££
Unrestricted funds
General fund 429,214(462,029)(32,815)
TOTAL FUNDS 429,214(462,029)(32,815)
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
16. RELATED PARTY DISCLOSURES
Page 13
HAILSHAM PAVILION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
|
31.12.24 |
31.12.24 |
31.12.23 |
|
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
|
Donations and legacies |
|
|
|
Donations |
|
24,318 |
56,110 |
Other trading activities |
|
|
|
Income from cinema/theatre |
134,580 |
|
154,254 |
Net kiosk income |
|
10,322 |
10,560 |
Lettings |
|
17,092 |
5,705 |
Sundry income
Investment income
Interest receivable - trading
Total incoming resources
EXPENDITURE
Other trading activities
Rental of films
Wages
Licensing
Support costs
Management
Rates and water
Insurance
Light and heat
Phone and computer expenses
Postage and stationery |
DRAFT
6,197
168,191
611
193,120
60,009
84,380
2,188
146,577
1,084
1,622
10,252
5,322
3,103 |
|
8,795
179,314
670
236,094
55,885
107,360
289
163,534
1,293
1,858
11,065
5,896
1,795 |
Advertising |
|
13,646 |
17,122 |
Sundries |
|
794 |
1,197 |
Repairs and maintenance |
|
12,974 |
17,638 |
Subscriptions |
|
436 |
3,666 |
Management Fees re Digital |
|
2,378 |
3,104 |
|
|
51,611 |
64,634 |
This page does not form part of the statutory financial statements
Page 14
HAILSHAM PAVILION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
|
31.12.24 |
31.12.24 |
31.12.23 |
|
|
£ |
£ |
Management |
|
|
|
Finance |
|
|
|
Payroll bureau |
|
151 |
150 |
Accountancy fees |
|
5,000 |
4,300 |
Bank charges |
|
6,381 |
6,515 |
|
|
11,532 |
10,965 |
Other |
|
|
|
Improvements to property |
|
23 |
30 |
Plant and machinery
Fixtures and fittings
Computer equipment
Total resources expended
Net expenditure |
FT
5,269
315
40
5,647
215,367
(22,247) |
|
7,025
420
54
7,529
246,662
(10,568) |
This page does not form part of the statutory financial statements
Page 15