Charfty Y•glstratlon numb•r 1083566 Company regthknn number 04048683 IEnghnd and Wal•s) HASTINGS ADVICE AND REPRESENTATION CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HASTINGS ADVICE AND REPRESENTATION CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Directors M (atton Cwoo S Feldman S Lewts D Poole A Bumett F Mapstone (Appointéd 16 May 20241 Secretary J Everard Charfty number 1083566 Company number Principal addrn8S The Advice and Communty H(t Renaissanc£ Fk)use London Road East Sussex TN37 6AN Reglst¢Thl office The AdvK? and Community Hub Renaissance House London Road St LeOna5-0Sea East Sussex TN37 6AN Indepndent examlner Peter Watters FCA BFP McPherson5 CFG iimiied 23 St Leonards Roa 8exhilkill-S8a East Sussex TN40 1HH
HASTINGS ADVICE AND REPRESENTATION CENTRE CONTENTS Drectors, report Independent examin8rfs rep statsrnent of financial activiti8s Statement of financial position Statement of cash flows 12 Notes to the frnancial statements 9-23
HASTINGS ADVICE AND REPRESENTATION CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AIARCH 2024 The dlrectors present their annual rep(ffl and ffinaThial statements for Ihe year ended 31 March 2024. The a¢counts have tjeen prepared in accordance with the a(tounting poliLies set oul In note 1 to the accounts and comply the tharrty's constitution. the Companies A¢1 2006 and 'Attounting and Reporting by Charrties., statement of Recommended Practice applicable lo chaiities prnparing Iheir aixounts 1> accordance with the Financial Reporting Standard apFlicable in the UK RebI of Ireland (FRS 102)" (as amended for aOUntIng periods commencing from 1 January 2016) ObJectlv•s and adlvitieB Our chatity's purposes as sel out in the ccKnpanVs hkmorandum & Artides of Assoaation are to: . To relieve the poverty of the inhabitants of the arèa of benefft, partiClarty through the provision of a comprehensive welfare benefit and tsx credts e4fvice servick: . To educate the PblIC about the needs of those who e suffwing from the effe(as of wverty.. . To promote research into the needs of those who are suffering from the effects of poverty and assoc4ated issues and to disseThHnate the useful results thereof: To promote the provision of falle$ in the interest of social wellare. with th• object of improving the ¢ondilions of life for the said inhabitant& The aims of ow tharity are to releve local poverty aTrJ to improve the quality of lrfe for people on a low income. (r aims fvly rellect the purposes that the charity was set up to furuw. We review our aims, ot¥'ecbves and actMts eath year. This revi8w kx>ks at what we achieved and the othcomes of our work in the previ(xts 12 months. The rewew k)oks at the success of each key activity and the benefits they have brought to those people we are set up to lrt). The review also helps u5 ensure our aims. objectives and activities remain focused on our slated purposes. We have r8feThed to the guidance Contained in the Charity Commission's general gUthn on pubthc beffl when reviewing our aims and objedives and in planning our future actiwbes. Over the past year, HARC has contnwl to provrde a free rnformatK)n, advth and repiesenLiL>n sentice to the population of East Sussex and the South Coast of England in Wellare Benefits. thus assisting in Improving diènts. quajity of lrfe and independent h"w7ng. Responding to the needs of indivtduals and tkning our servrce, we meet th¢ir needs with facg to face, telephone remote supwt at a range of community venues and th)me visits. We alm to help bring about a Welfa system which is faif. acc¢YJntth and recognises the needs of all. In doing so, we actively press toward posilive PK*lGy Ghange and rrfovide specialist welfare training to ensure everyone wofkirg with and for the most vulneraNe in ow souety have the tools they need to provide the rmjht support.
HASTINGS ADVICE AND REPRESENTATION CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 DeYolopmgnt•, Acllvltl•s and Aehkv•rnonts A total of 19,121 client Contscts were made during 2023r24 and a remarkable £6.220.309 was secured in previousty undaimed. enhanced, or reinstated beneffts of which £S.579,356 was sered for clients with sabilities and long-temi heafth issues. HARC stsff supported eA2 ch'ents at various reviews and tribunals, ol whith 615 won their cases, a 95.8% success rate. yet again demonslrating the expertise, skll. determination, and motivatjon of the advice leam. In order to attain these high slandards. we continue to work in rtPF5hip th a range of other agencies such as East Sussex County Cwncil, NHS Sussex Integrated Care Board (ICB), Hastings Borough Councal, Roth OistsiGI Ccmjnial. British Gas Energy Tfusl and other voluntsry and ctharitable groups. Our stalist1 show that HARC was able to assist 85.S•A of dients who used our service, vthether it is with a new or increased benefit or Universal Credit entiuement, represention at tribunal or Secring a loan or grant. Those clÈenls we are unable to help, we ty and refer onto an agency thal can, bul like HARC, the maioiity of frontlire advice agenGies are running al fvll capaaty. A total of 1,301 dient contsds were made through homo visits and suTgerk% to elderly, disabled and isolated clients. The contir&ued support of the Magdalen & Lasher chaiity and lding received from the Brrtish Gas Energy Trust, Independent Age, Bw Local Project, Awards for All. the Foreshore Trust and the Sussex Comnwnity FoUndan ensured the contuatIon of our hthly valued Outreath Servi. In comparison fÉ costs £756.415 for HARC to provide an extensive rae of adw¢e ar representation 8eTViCeS comprising f&e to face adtsryce; telephone and email advice" secorKlary advs to professirjnal colleaeS. outreach surgeries: home visits" complex caseloads. advocacy and Irthmal WOTk. In 2013, East Sussex County Counul approached IiARC to set up a Welfare Reform Helpline, aimed at helping working age people understand the changes the Te Reforms would bring about. More recenlly it wa5 recognised that people generalty have d[ffilty underslanding the Klfa Bonefits syslem and what they are entitled to. The WelfaFp RefoFm Helpbne has now been succeeded by a Beneffts Helph'ne. This can be accessed by peopbe of all ages residing in East Su55ex. In addition. many East Sussex residents with long-temi health conditions now have acc8ss to a team of PiARC $pecialist (xseworkers to help them understand and attess Ihe ojrrect beneffts. &nce 2016. HARC has been Conducti an athAce abd serM¢e Tefating to ffare benefits for people with and affethd by Multiple Sderosis (MS). The ser¥ri is commissioned by the E8stt)oume & Weald&n and Hastings & Rother grows of the MS Sc¢iety and is delivefèd by appointThnt, tslephone and email with home visits for people more severety affected by MS. In Decémber 2020. the CIM¢hester and BogrK)r Regis group commisSfied HARC to prOe a similar renth servi. Sin¢e Aprl 2018, the Magdalen & Lasher Charty has been furNling HARC to support Paople in making online digital applicallons lor Universal cdi1 and to ast with the transfer ftom legacy benefits to Universal Credit. This managed migration of mowng people from legacy benefrts to Univetsal Credit is well underway bul w1 not be Completed until 2029. Since Odober 2020, the Brilish Gas Energy Trust (BGET) has fvnded a proied to deliver Energy Advcè. Budgeting Advice and Income Maximisation as well as speualist benefts advti. HARC is the lead partner in partnership viith Energise Sussex Coast. Furthermore. w12023 BGET funded some additional advice ¢apacty to enable HARC and Ener'Se Sussex Coast to expand the reach ol the proiecL In Apnl 2021. East Sussex County Cnl awarded HARC a ryant to put in place 'Addtional Measures, f¢y pioviding financial and beneffts adviJ% to people on the ShIed Patient List. and for people Ihat had beèn affected by Government Guidance in relation to the Covid pandemi& This annual gMI is n(M for providing finanaal and beneffts advice lo people that have been affethd by the $1VIng uisis. In February 2022. the Blagra¥e Trusl awarded HARC funding for three yeais to exph)re more effe1 ways of communicating our Se1¢e. and the support we can offer, to young peoe. The infonnation gathered will enable US to adapt lo the specific needs of local young peop and thereby increase the number of young people using our sepmces.
HASTINGS ADVICE AND REPRESENTATION CENTRE DIRECTORS, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In September 2022. the AsS to Justi Foundation (AJF) awarded HARC a granl tlyough Ihelr Help AGGessing Legal Support fund to provide some adIlI0al speciaknst wea benefft appeals advtce and representation. In November 2022. the Communiiy Juslice (via F) awarded PLARC a grant to support the work that we undertake in providing specialist social welfare Jegal athhce lo ow local Community in response to the escalating impact of the cost-¢)f-living aisis on advice agencies. In November 2023. Independent Age awarded PLARC a grant to enable wKreased capacFty to extend our TeaGh to the mst vulnerable older people wthin our community. particularty those wilh long term health ISSLES and disabilitiès who we know Vuld othemse Strugg lo acAxss our seNices. This has involved buikling on exisling Lx>mfflunty partnerships, extending our ad'ce surgery venues and visiting the most tsolated and hard to reach older people in their own homes. Sussex Communty FoundiDn has supported HARC with a Cosbo&Liinng pjeCt, provision of advice at Rye Foodbank and two grants from the LrtWe Chtyne Court Wnd Fami. These grants have enabkd HARC to SLPPOrt hard to reach and vulnerable clients al both theAdwce & Community Hub and at outreach venues. Our charity shops continue to raise vital fvnds for our athe services and continue to enjoy gth)d local support with stock donations and a deduted team of vOnteers. Our work at the shops has been supported by the Jim Jackson Enabl'ng and EdUtIonal FotiOn who fund the salary of a member of staff who is undertaking a Level 2 Customer SeNice PrartAKinerAppwenticeship. FinanGlal revlew Despite the limited resources avai18L4e to this set#or and ongoing insecurit$ over funding. we have still been able to mainlain and develop our m seNices. The chanty, wilh the aid of sound financral management and the support of rts SL has mall)tained a good level ol unrestri(aed funds. This Position has largety been athieved due to the financial SUPKYt receNed from the British Gas Energy Trust. Independent Age, the BIagre Trust, East Su$sex County Council. aFKI the additional annual grant from the Magdalen & Lasher Charity. Trms furrfjirvj has enabled HARC to continue providing advice and representation servi$ to an inueased number of dnls over the past twetr¥Te months. Howe%r, we still need to rdy on continued support from the local 8UtIK)rrties. This also needs to be suoemented from the ¢>)ntinued income from the charity shops. A sizeable prop)rtion of the extemal furmling requirèd for 2024125 1$ in Pl and with the combined incomes of the two tharity shops we wil be able to continue to deFiver and deveknp our exist services. Princi Aside from the inc¥Jme generated by the tharrty shops, the principal funding sources for Ihe chaiity ¥e cUrrtlY by way of grant and contract income from East Sussex County cou11, Rother District Council and the Foreshore Trust. As a resuh of increasing constraints on hxal aulhority expenditure. the charity has lo seek funding from a much broader group of agencies and charitable trusts. The funding from Independent Age. Magdalen & Lasher. Briiish Ga5 Energy Tntst, Sussex Community Foundation, Awards forAII and the MS SocTrety has all been essent to enabbe the charity to conlinue with wtreackn work. LWA It is the policy of the charity that unrestricted fijnds whith have not been designated for a specafic use shoLdd be maintained at a level equivalent to between two and three months expenditure. The directors consider thal re5er4es at this level vill ensure Ihat, in the event of a signifKart drop in funding, they will be able to continue the charity's Current activities while consKleralion is given to ways in which additKThI fijnds may be raised. The directors have assessed the major risks to which the thartty is exposed. are satIsfd that systems are in place lo manage exposuie to the major risks. Plans for thè future The charity plan5 conllnulng the actiwbes oullined above in the forthconyrbg years subject to satisfactory furKling arrangements.
HASTINGS ADVICE AND REPRESENTATION CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structur•• govemanee and managem•nt The tharity is constituted as a company knmted by guarantee, and is therefore govemed by a Memorandum & Articles of Associalion. The directors who $er%ed durwig the year and to the dale of SignaTe of the financiaj staternents were.. M Gratton R Lynch C Woollard S Feldman S Lewis D Poole A Bumett F Mapslt)ne (Retired 26 November 2024) {Appointed 16 May 2024) None of the directors has any beneficial tnterest in the company. Al of the diredrxs ate nMberS of the wnpany and guarantee to contriixrte £1 in the event of a winding up. The governance of the inGorporaled charity sTrts wilh a Board of Directors together wjlh preSenlve$ nominated by Hastings Borough Council and Rother Distr1 Council. The maximum number of DiTrclors al any one time is sixteen. A quorn for a meeting of1he Board is four Directors. The Board elects officers at its Annual General Meeting to fill the of ChairpSOn. Vice Chairperson. Company Secretary and Treasurer. The Board meets a minimum of eight times a year with the provisTh to meet nK)re frequenfy. The Board holds an Annual Gwwral Meeting every calendar year wrth the FY0visn to hcthl Extraordinary General M8elings as necessary. There are no specik restridK)ns imposed by the govemNTh3 document InCem1ng the way the charity ca operate. There are no connected charities. Asset cover for fundg Note 15 sets out an anatysis of the assets attributable to the vartous funds and a desl0n of the trusts. These assets are sufficient to meel the chari5 obligations on a fund by fund basis. On behaK of ttTe directors rector
HASTINGS ADVICE AND REPRESENTATION CENTRE INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF HASTINGS ADVICE AND REPRESENTATION CENTRE I report lo the directors on my examiiialion of Ihe finala1 statements of Hastings Advice and Representation Centre (the tharity) for the year ended 31 March 2024. R•spon#lbllitl•s and basis of report As the directors of tt charity (and also its difeclors for tr purposts ol company law) you are responsible for the preparation of the financwl statements in accordance with the requirements of the Companies Art 2CM% (the 21)06 Having satisfied myself that thg finanaal ststements of the ¢harfy are not required to be audit8J under Part 16 of the 2006 Act and are e]ible f independent 8xamination. I report Wl Tespecl of ffly 8xaminakn.on of the charity's financial stalernents caryied c%A under section 145 of the Charities Act 2011 (the 2011 Act). In Ganying out my examination I have folowed am the applicable Diredwis Lwven by the ChJity Commission under section 145(51(b) of the 2011 Act. Independent examIne9 $tatemént Since the chwity's gross InG0 exceeded £29J,OCXJ your èxaminer must be a member of a body listed in section 145 of the 2011 Acl. I conkn that l am walified lo undertake examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my exarninatn. I confim that no matters have come to my attention tn COn[0n with the eXaMinatn giving me cause to beIve that n any material respect: accounting records were not kept in respec4 of the Larity as required by se¢tron 386 of the 20(BAct: or the financial statements do not accord with those records", or the financial statements do not compty w7th the accounling requirem8rts of section 396 of the 21)J6 Act other than any requirement that Ihe accounts give a true and fair view is nol a matter considered as part of an ndependent examination.. or the fmancial statements have nol been prepar8d in a(rOonCe wilh the Methods and prinuples of the Slalement of Recommended Pr&ice for actountiry and reporting by ctharities applicable to charities Preparing their accounts in aOrdCe with the Financial Reporting Standard appUcable in the UK anj Republic of Ireland {FRS 102). I have no concems and have come acrnss no other mattorn in conneclion with the examination to which attention skjuld be drawn in this report in order to enable a proper und8rstandirrfJ ffflarti* statements to be reached. Potsr Watters FCA BFP McPhersons CFG Lynrted 23 St Leonards Road Bexhin-onvsea East Sussex TN40 1 HH Dated.. C-11-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARGH 2024 Current flnancial year Total Total fun 9•1 De•ignatsd 2024 2024 funds 2024 2024 2023 Notss InGorne from: Donalions and grants Charrtable activities Investments 43.362 216,119 6,925 43.362 656.441 6.925 52.057 718,112 650 440.322 Total Income 266.4CI8 440.322 7(,728 788,819 Expendire on: Raising funds Charitable activities 114.174 102,034 114,174 642,241 117.004 620,045 540,207 Total expendltur• 216,208 540,207 756,415 737.049 Net gainsl(losses) on investmenls 12 Net in¢<)mel(•xpendlturel 50.2( (99.885) (49.679) 31.775 Transfers beiween funds (42.509) 22,509 Net movement Trn funds 7.697 20.000 177.376) (49,679) 31.775 Recontlllatlon of funds.. Fund baLanS at 1 Apil 2023 82.409 180.0(M) 109.194 371,603 339,828 Fund balaneès al 31 March 2024 21XI,000 31,818 321.924 371,603 The slalement of financtal activities inc{jeS al gains and losses recogThsed in the r. All income and expendituro derive from ¢ontinuin9 acbvities.
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF FINANCIAL ACTivrriES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUPIT FOR THE YEAR ENDED 31 MARCH 2024 Prior fimneI year un$trICt Unr•strl¢tyd R¢•trfcted fund fund• funds g•neral Dmlgnated 2023 2023 Total 2023 2023 Incorne from: DonalKJns and grants Charitable activities Investrnents 52,057 202286 52,057 716,112 650 513,826 Totsl Incomo 254,993 S13.826 768.819 Expondlturn on: Raising funds Charitabk actsvities 117,001 104.521 117.004 620.045 515,524 Totsl oxpendlturn 221.525 515,524 737,049 Nel gainsl(kbsses) on investrnents 12 Net incomel(expendnuro) 33.473 (1.698) 31.775 Transfers belween fijnds (31.956) 15,000 16.956 N•t rnovoment in funds 1,517 15.0(10 15.258 31.TT5 R•¢on¢lllatlon of funds: Fund babances at 1 April 2022 80.892 165.000 93,936 339,828 Fund balanc at 31 March 1123 82.409 180.1XIO 109.194 371,603
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF FINANCIAL posrrioN ASAT31 MARCH 2024 2024 2023 Mote8 Flxed assots Tangible assets InveslmentS 14 15 1,854 5,803 91 Current •88ets Debtors Cash al bank and in hand 5,894 16 55.454 287.177 30,586 354,380 342.631 384.966 Cr•ditor4'. amounts falllng du• wilhln one y•ar 17 (22.660) (19,25n Net curr•nt amets 319.971 365,709 Total assets less cungnt liabiliiies 321.924 371.603 Net assets excluding pemion liablllty 321.¥24 371,603 The funds of the charlty Restrtcted income funds Unre5tricied furKJs - general Unrestricted funds- Designated 21 31,818 90,106 2O),000 109,194 82,409 180,000 18 321,924 371.603 The oornpany is entitled to the exemptK)n from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 31 March 2024. The director5 acknowledge Iheir SponSIbl111$ for with Ihe requirements of the Companies Ad 2006 with respect lo acts)unting records and the preparation of finanuial StaterrnIs. The members have not required the c(Mnpany to obtain an audit of its fman(xal statements for the year in questK•n in accordance wtth sectKJn 476. These financAI statements have been prepared in accordan¢e with the provisions appkable to Companies subj'e the small companies regime. The finanaal ststements were approved by the directors on ... Gratto Company registration number 04048883 (England and V+dles)
HASTINGSADVICE AND REPRESENTATION CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accinting policies Charfty Infomiation Hasting$ Advice and Representalion Centre is a private c%xnY limited by guarantee incorporated in England and Wales. Tha registered Off is The Advicti arKI Community Hub. Renaissance House, London Road, St Leonard54Jn-Sea, East Sussex. TN37 6AN. 1.1 Accounllng ¢4)nvenllon The accounts have teen prepared in OrdanCe with the tharity's constitutron. the Companies Act 2006 and 'Accounting and Reports'ng by GharitEs-. Statemerrt of Re())rnmended Pradil applicable to charities preparing their accounts in a{rdan with the Financ4al Reporting Standard apph'¢able in the UK and Republic of Ireland (FRS 102)- (as amended for accounti periods ccrfnmencang from 1 January 2016). The charity is a Public Benefrt Entity as defffied by FRS 102. The finanfAal statements are prepared in sterling. which is the CUFTency of the charity. Monetary amounts in these finarKyal statsrnenls are rounded to the n&vest £. The acGounts have been prepared under Ihe historral cost convention. modified to rnclude certain financial instruments at fair value. The pririw accounting pcltC4es adopled are set out bel(r•4. 12 Golng ¢on¢•rn At the time of approving the financial sL2lernents. the dire(kn have a reasonable expectation Ihat the chaiity has adequate resource5 to continue in cperalional exislence for foreseeable futwe. Thus the dYectOTS continue to adopt the going concem basis of acunting li preparir¥J the fjn8naal statements. 1 J Charitable funds Unrestricted funds are aValatr for use at the rfiscretion of the dvectors Hi furtPwance of trir charitable objectives. Designated funds comprise fijnds which ha¥e been set asJe al the dis¢J&ion of Ihe directors for specthc purposes. The purposes and Ls of the desy)aW funds are sel out in the Fbotes to the financial statements. Restricted funds are Subject to SpefiC conditions by donors as to h¢yw they may be used. The pPoSe$ and uses of the restricted funds we set out in the notes to the a(xinI Endowment funds are subject lo speufic condit$ by darrf$ that the capiial must be maintained by the chority. 1A Iorne ncome Is recognised when Ihe charity is legaty entitled to It after any pèrfom&2nce conditions have been me1. Ihe amounts can be measured relHbty, and il is probaL4e1hat income wil bp received. Cash donations are recognised on recwt. Other donations recognised on¢e lh• tharity has been nolified of the donation, unless performance condrtions requTr deferra of the amount Income tax recoverable in relation lo donations received under GiftAid or deeds of ¢ovwMnt is regnIsed at the time of the donatbon. LegleS are remgnised on roceipl or otherwise rf th8 Gharity has been notified of an impending dtribution, the amount is knLY4¥n, and receipt is expected. If the amotsnt is nol known. the legacy is trealed as a contingent asseL Incoming resources from charitable trading aclivty are a¢xounted for when ewned. donated item8 for the shops ale r•rJognised in the acuntS when sokj.
HASTINGS ADVICE AND REPRESENTATION CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Contlnuod) Grants ar8 accounted for gross when receivable as kng as they are Pable of financlal measurèment unloss perfornian¢e condittons require deferral of the amounl. 1.6 Expenditure Expenditure is recognised 0e there is a legal or constwdive obligation to transf8r e70M1C benefrt to a third party, it is probable that a transfer of economic beneffts will be required in settlement. and the amount ol the obligan can be measured reliabty. Expenditufe is classffjd by athity. The o)sts of each artyty aTe made up 01 Ihè total of dTrrgA costs and shared costs. includ1 supFrf)rt costs involved in undertaking each a(liMty. Dired costs attributable to a single activty are alocated direcuy to that aclivty. Shared cosls which contribute to more than one acttvrty arMJ support costs which are not attributsbk to a single aclivtty are apwlioned behyeen those adivities on a basis Isistènt with the u58 of resourc85. Central staff Gosts are allocated on the basis of lime spent. and depreciion charges are allocated on ttle of the assevs us Expenditu is recognwd on an accrual basis as a liabifty ts inred. Expenditure indudes any VAT whid) cannot be fully recovered, and ts reported as part of the expenthture to whi( it relates. Cos1 ol generating funds comprise the costs assocaated with lrnding for furKlraising purposes including the charivs shops. Charrtable expenditute ¢omprK8es tho rxjsls incJJrred by the charity in the defvery of its activities and ServIS for its beneficiaries and the cy)st of altracting [Trtary Nicome. H tncludes both costs that ean be allocated directy to such activtlies and Ihose of an indired nature to support them. Governance cfj3ts include those costs assocBted wilh meeling th• constituthxal and statutory requirements of ihe charity. 1,6 Tangibl• fixed assets Tangible fixed assets are initialy Measured at cx)st and subsequénty nasured at st or valuation. net of depreciation arxl any ImpalmnI losse Tangible fNed assets are stated at C05t less deprecialit)n. Depreciation is provided at rates calculated to vKite off the cost less eslimated resitha value of eath asset oh*r expected useful h'fe. as follows.. Office Equipment Shop Fittings 33% per armm on a straight line basis 33% per annum on a straiglrt li)e basis The gain or10ss arising on Ihe di¥xwl of asset is determined as the difference belww the sale proceeds and the carying value of the ass. is fecognised in the statement of financMI arAivib8s. 1.7 FIX asset Inve•lJnents FIX asset investments are initi'alty measured at transaclion price exduding tran5Xtion costs. and are subsequenty measured at fair value at eath reporting date. Changes in fair %plue are recognised In net in¢omel(expenditure) lor the year. Transaction costs afe expensed as inollred. 1.8 lrnpainnent of fixed assets At each rep¢)rting end dale. the charily reviews the caryirw3 amounts of its tangible assets to delerming whether there is afiy indication that Ihose assets have suffered an Impalrnrrt loss. If any such indration exists, the rècoverable amount of the asset is estimated in order to determine th8 extent of the impairment loss (tl any). 10-
HASTINGS ADVICE AND REPRESENTATION CENTRE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollci08 (Contlnued) 1.9 Cash and cash equivalents Cash and cash equivalents inrkne cash in hand. deposits held at call wTrth banks. other sh(l-teM Uld investments with original maturities of three months or less. and bank overdrdfts. Bar overdrafts are sh(Mn within borroings in GufTent IFabilKie 1.10 Financlal instNm•nts The charrty has electe¢J to aFf4y the provisions of Se(lion 11 'Basio Financial Instrumerts' and Section 12 'Other FinancÉal Instruments Issues, of FRS 102 to al of its fu)antaal instruments. Financial inslruments are recognised in charity's bala sheet vhben the cha17ty becomes paty to the contractual provisions of the instwment. Financial assets and liab11.es are offse( wilh the net amounts pw85entsd in the financial statements, when there is a legally errforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setlje the liabilty sffnul1arouy. 81¢ finanelalassets Bastc finanaal assets, which indude debtors and c85h bank balan3, are iTritialty measured at transaction price including transactn costs and are subsequenlty carried at amortised $1 using the effective Inte51 rnethod unless the arrangement constilules a financing transaction, where the transaiAion is measured at Ihe present value of the fijture receipts discounted at a market rale of interest Financial assets dassifd as receivabie within one yw are not amortised. asl¢ financlalliabi7ths Bas financial liabifities, indudiry creditors and bank loans are initiauy reojgnised at traaction pri unless the arrangement constilutes a financ4ng transaction, where the debl instTumenl is measured at the psent value of the future paymerrts discounted at a market rate of interesL Financial liabllities da$sÉfd as payable within one year are not amortisèd. Debt instrumnts are subsequentty led at amorttsed cost. using Ihe effective interest rate method. Trade credit¢ys are rAIgatIonS to pay goods or swwces that have been acquired in the ordinwy cours• of operations fmm suppliers. Amounts payable are dasstfied as current liablieS rf payment is due within one year or less. It not. they are preserrted as nonwcurrent IHbilities. Trade creditors are recognised initially al transactiijn price and subsequenty measwed at amortised cost usiw the effocaive interest method. Derecognluon of fftmncial liabilitles Financial liabilities are derecognised when the rtharits contractual OblallOnS expre or are discharged or cancelled. 1.11 Employee b•Mfits The cost of any unused holwjay eTrtiUemenl is reo)gnised in the pwK¥l in YthKh the employee's sernices are rec*ived. T6miination benoffts are Fecognised immediately as an expense when the tharrfy is domonstrably GnMitted to tanninate the employment of an employee or to proyide temiwHtson beneffts. 1.12 Cleferred In¢om Income is deferred in rospect of nKnes fved in respecl ol ¢ontracts which do nol Comrnen untl after the balance sheet dale. 11
HASTINGSADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from op•rating aclivitles Cash labsorb8d by)Igonerated from operations 23 (73.303) 24,916 Invesllng adivltle8 Purchase of tangible fixed assets Purchase of investments Investment income reived () 13.9131 (4) Net cash generatsd fronil(u8•d In) Inv•sting a¢ts"viti05 {3267) N•t cash usod in flnanclng Xtlvilles Plet (decreas¢Yln¢rease In ¢ash and coh equivalents (67.204) 21,649 Cash and cash equr¥alents al beginning of year 354.380 332.726 Cash and cash equivalont• at and of year 287.173 354,380 12-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crftkal •ccounttng 9M1•4 and JudgffiRnts In the apfvtion of the cha6 accounting polies. the directors are requ¥ed lo make judgèrrents, e$limates and assumptions about the carying amount of assets and liabilities that ale not readY apparerrt from other sources. The estimates 2nd associated as$ufflptions are based on histori(xl experl&nee and other factors that ate conSered lo be relevanL Adual results rnay dffier from these e8tirnates. The estimates and underfyw49 assumptions are iewewed on an orwing basis. Revisions to accounting estimates are recognised in the period in whi¢h the estim*e is revtsed wh¥e the revision affects onty Ihat period. or in the period ol the WiSKJn and future TiOdS where the revisKm affeds both current and future Income from donatlom and graiits Unre3trlcted Unrostrkt•d funds 2023 2024 Donations and gifts Grants receivable 30,414 12.948 32,931 19.126 43,362 52.057 Grants receivable for core acllvlll•s Olher 12.948 19,126 12.948 19.126 Income from investménts Unrostrfcted Unrestrtcted funds funds 2024 2023 Interest receNabfe 6,925 650 13-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charftablo •Ctlvhl•s Grants Charlty re1¥ab for tradlng & ¢harltab grnnt Total Grants Charity shop Total 2024 re¢•lvalAe tradlng & 2023 for grant inGom• activitles 2024 2024 23 20Z3 PerformarKe relaled grants Ancary trading In• 533.855 533.855 580.403 122.586 122.586 580,403 135.709 135,709 533,855 122.586 656,441 580.403 135,709 718,112 AnaPysi3 by frjnd UNeslnded funds- genernl Reslri(aed funds 93.533 122.588 216.119 66.577 440.322 513.826 135,709 202,286 513,826 533,855 122.588 656,441 580.403 135,709 716,112 14-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rmlslng funds Unrntrlct Unrestricted funds fvnds goneral general 2024 2023 Other trading 8clivities Staff costs 34,415 79.759 36,028 80,976 Fundrwng trading'.wsts of ch*ity slw salaTW al o¥erheads 114,174 117,004 114.174 117,004 Expandi (M charftable activitie• Charitiabl• Charitiable a¢llvities a¢Ovltlo8 2024 2023 Direct costs Slaff $ts Depreaation and impairment Activities undertaken diredy Service Chae5 Insuran Repairs arKI renewals Telephone Piinting, postsge and stationery Hire ol equipment Computer 51$ Course fe85 Travelling Sundries 552,057 4.774 59,283 4,805 689 178 1.053 3.226 534,151 6,560 52,927 5,262 629 1,072 12 1,764 3.549 455 2,180 1.490 386 2,422 633,927 614,125 Sharo of support and gov•rnan¢e costs (wo not• 8) Governance 8,314 5,920 642.241 620.045 Analy818 by fund Unrestricted lunds- general Restricted fijnds 102.034 540,207 104,521 515,524 642.241 620,045 15-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to a¢tritses 2024 2023 Governance costs 8,314 5.920 Anaed between: Charttiable activitres 8,314 5,920 Govemance costs includes paymerrts to Independonl ExamineTS of £3,710 P023: £3.21) for examlnation Not movernent in funds 2024 2023 The net movement in fu is stated aftor chargirW(crediting): Depreciation of owned tangible fixed assets 4.774 6,560 10 DireGtOTS None of the dTector5 (or any per connected with them) weceived any remuneration or expen3 during the year. 11 Employees The averag6 monthty number enplDyees thiring the yèar was." 2024 Numbor 2023 Numbgr 23 24 Employrnnt c¢xts 2024 2023 Wages and salaries 631.816 615.127 There were no employees whose annua remunerath'on vrds more than £60.IXiO. Remun•rntion of key m•nagttn•rt petsonnel The remur*rali of key management personnel was as follows: 2024 2023 Aggregate ¢ompensati 121,970 119.827 16-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMEKf OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Galns and loss ¢)n inve*tsn•nts Unrestrlctsd Unrèstrkted fund8 fund$ 2024 2023 GainslOo$ses) arising on: Revaluation of imiestrnents 13 Taxatton The charity is exempt from talI)n ¢)n its a¢trth$ because all ts COme is f(K charitable purposes. 14 Tangible fixed as60ts offl Shap Flttbigs Cost Al 1 Aptil 2023 Addthns 19.621 826 27,121 826 At 31 March 2024 20.447 7,500 27,947 Deproclation and impairnient At 1 April 2023 Deprec4tion charged in the year 13.819 4.714 21,319 4,774 Al 31 March 2024 18.593 26,093 Canylng amount At 31 March 2024 1,854 1.854 At 31 Marth 2023 5,803 5,803 15 Flxèd ¥&t Inv•3tmonts Llsted invutments Cost or valuation At 1 April 2023 Valuation changes 91 At 31 March 2024 99 Carrying Amount At 31 March 2024 99 At 31 Marth 2023 91 17-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 16 Debtop• 2024 2023 Amounts falling duè wilhin OM yèar Trade debto Prepayments and accrued Micome 53,817 1.637 29,320 1,266 55,454 30,586 17 CrndltQV5: amounts lalllng due wlthift one year 2024 2023 other laxatton and soGk?15eaJtity AKwals and deferred income 10.395 12.265 11.988 7.289 19,257 18 Unrtttrkt•d funds - Designated At 1 Aprfl 2023 Transfor4 At 31 MaT¢h 2024 Three months running costs 180,000 20,000 2LKI,000 Pr•vlou¥ y•ar At1Ap 2022 Tr•nsf•r8 At 31 IAar¢h 2023 165.1 15.000 180,000 £21)0,01)J of designated funds have been sel aside to contribute ttrwards thr8e months runnirw Costs of the charity. 19 Unrnstrfctsd funds At l Aprfi Incoming Resour 2023 rnsources •xp8nded Tmnsf Gains and At 31 M•rch loues 2024 UnstriCted funds (216.208) (42.509) 90,106 18-
HASTINGS ADVICE AND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrnstrlcted funds (C¢)nllnued) Previous yo•r. At 1 Aprfl 2022 Incomlng Resourc resources expended Tran•f•r8 Galn$ and At 31 March losses 2023 Unrestrlc*ed funds 80.892 (221.525) (31.956) 82,409 20 Analysis of net a$s•ts b•tw•en funts Unrn81rktsd Unr••tri¢t•d R••tiicted funds funds gonerdl Designatsd 2024 2024 Total 2024 2024 At 31 March 2024: Tangible as5els Investment5 Current assetsl(liabilities) 1.854 99 319,971 88.153 2.000 31.818 90.1L 2,0[mI 31.878 321,924 Unrgstricted Unrostrtcted Ro•trlcted funds funds gen8ral tk80gnat&d 2023 2023 Total 2023 2023 At 31 March 2023: Tangible assets Investm8nls Current assetsl(IFabilities) 1,595 91 80,723 4,208 5,803 91 365,709 180.000 104.986 180.OCvJ 109.194 371,603 19-
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HASTINGS ADVICEAND REPRESENTATION CENTRE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Rèlatod rtY transactk) There were no dtsthsable related pkn transaclions during Ihe year12023- none). 23 Cash generat frorn operntioTrs 2024 2023 {Deficilysurpu$ for the year {49.679) 31.775 Adjustments for. Investmenl income retnised in statement of finanaal Fair value gains arml losses on ThiestmeTrts Depreciatton and inyaimient of tsngible ed assets (6.925) {8) 4.774 (650) 15) PAovements in working Gapital". (Increase) in debtors InGreasel(de¢rease) in ueditors (24.868) 3.403 (10,292) 12,472) Cash (absorbed byygenerat8d from opordllons 173,303) 24.916