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2023-03-31-accounts

Company number: 05230485 Charity Number: 1107196

Hoxton Hall

Report and financial statements For the year ended 31 March 2023

Hoxton Hall

Contents

For the year ended 31 March 2023

Reference and administrative information ................................................................................. 3 Trustees’ annual report .............................................................................................................. 5 Independent examiner’s report ................................................................................................ 18 Statement of financial activities (incorporating an income and expenditure account) .................. 20 Balance sheet ....................................................................................................................................... 21 Statement of cash flows ................................................................................................................. 22 Notes to the financial statements ............................................................................................. 23

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Hoxton Hall

Reference and administrative information

For the year ended 31 March 2023

Company number 05230485 Country of incorpora�on United Kingdom Charity number 1107196 Country of registra�on England & Wales Hoxton Hall Registered office and opera�onal address 130 Hoxton Street, London, N1 6SH

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Christopher Murray (Co-Chair) Resigned 30 Oct 2023 Belinda Kidd (Co-Chair) Resigned 17 May 2022 Alistair Elder Clive MacTavish Horace McDonald Hayley Miller Timothy Vaughan Dodoo Abass Appointed 26 Jun 2023 David Sulkin Appointed 26 Jun 2023 Francesca Baker Appointed 26 Jun 2023 Kathryn Stephens Appointed 14 Jul 2023 Kelli O’Brien Appointed 20 Sep 2023 Williams Deborah Resigned 5 Oct 2022 Rachel Barrett Appointed 26 Jun 2023

Finance sub-committee Tim Vaughan

Clive MacTavish

Artistic Director/ CEO Karena Johnson Resigned 31 Sep 2022 Artistic Director / CEO Stuart Cox Appointed 17 Jan 2023 Interim CEO/ Managing Director Belinda Kidd Appointed 04 June 2022 Resigned 30 Sep 2023 Interim CEO Neil Marcus Appointed 2 Jun 2022 Resigned 31 Mar 2023

Resigned 31 Sep 2022 Appointed 17 Jan 2023

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Hoxton Hall

Reference and administrative information

For the year ended 31 March 2023

Bankers CAF Bank Ltd
25 Kings Hill Avenue, Kings Hill, West Malling,
Kent, ME19 4JQ
Independent Examiner Fleur Holden FCA
Sayer Vincent LLP
Chartered Accountants
Invicta House
108-114 Golden Lane, LONDON, EC1Y 0TL

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Welcome to Hoxton Hall’s Annual Report for 2022 to 2023.

changes and challenges during the year, we are confident that we have ended the year in a stronger posi�on than we started.

The transi�on out of Covid con�nued for Hoxton Hall as our programme and hires picked up momentum again from the autumn, including a very successful pantomime version of The Wizard of Oz. We also delivered our home-produced season #Class, which ran through April and May, with talks, screenings with the play Hoxton Street at its heart. This provided a high-profile and high quality season of work, signalling our commitment to create engaging work with our local communi�es. Our youth arts programme con�nued to flourish, having kept going throughout the pandemic.

Hoxton Hall’s survival through the pandemic was helped by the vital support we received to help us recover from the impact of the venue closure and the resul�ng loss of events and rental income. Our recovery from the impact of Covid was further assisted by a grant of £177,300 from the Na�onal Lotery Heritage Fund Resilience programme.

The year was also one of transi�on as a team: we said goodbye our Chief Execu�ve and Ar�s�c Director, Karena Johnson, who led Hoxton Hall from its re-opening in 2015, through the challenges of Covid to the launch of the Class season. Interim Directors Belinda Kidd and Neil Marcus held and nurtured Hoxton Hall, before handing over to the new team in January 2022, led by new Chief Execu�ve Stuart Cox. Our previous Chair, Chris Murray, also had to step back in October 2023, a�er providing much appreciated support to the team since his appointment in early 2021.

I would like to thank them all including the rest of the team and trustees too who have given their all at a �me of challenge but also one of learning, growth, and celebra�on.

Alistair Elder

Interim Chair

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

statements comply with current statutory requirements, the memorandum and ar�cles of associa�on, the requirements of a directors’ report as required under company law and the Statement of Recommended Prac�ce - Accoun�ng and Repor�ng by Chari�es: SORP applicable to chari�es preparing their accounts in accordance with FRS 102.

The trustees review the aims, objec�ves and ac�vi�es of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the repor�ng period. The trustees report the success of each key ac�vity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objec�ves and ac�vi�es remained focused on its stated purposes.

Charity Commission’s guidance on public benefit and in par�cular the guidance for fee charging chari�es.

The sec�ons of this report en�tled “Objec�ves and Ac�vi�es” and “Achievements and Performance” set out Hoxton Hall’s objec�ves and reports on the ac�vity and successes in the year to 31 March 2023. Hoxton Hall’s work primarily benefits young people from lower socio-economic groups aged 7 to 19 from Hackney and the wider north and east London communi�es, culturally diverse emerging ar�sts and local audiences in an area that suffers mul�ple forms of depriva�on.

The trustees have considered this mater and concluded:

Objec�ves and ac�vi�es

Hoxton Hall’s vision is to be a home of contemporary variety performance entertaining and inspiring crea�ve communi�es of ar�sts, par�cipants and audiences reflec�ng the rich diversity of East London.

Hoxton Hall seeks to connect to the neighbourhood of Hoxton, responding to the changing needs of the surrounding communi�es, bringing communi�es together, enabling people both local and London wide to access high quality arts entertainment and engagement.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Throughout 2022-23, the overriding priori�es were to start to rebuild our programme of events and to con�nue to develop our youth arts par�cipatory work.

To achieve our vision, Hoxton Hall focuses on three strategic areas:

In the auditorium:

● Hoxton Hall’s role as a professional performance venue with a varied contemporary programming including music, comedy, cabaret and theatre developing the venue as a cultural des�na�on for entertainment.

● Hoxton Hall’s role as an incuba�on space for ar�st development enabling emerging ar�sts to make work in a suppor�ve environment crea�ng bridges for par�cipants to transi�on into emerging ar�sts bringing these core ac�vi�es together.

Through par�cipa�on:

● Hoxton Hall’s role as a crea�ve par�cipa�on hub, based in Hackney, one of the most deprived boroughs in London and the UK, providing opportuni�es for local people to express and explore their crea�vity. The opportuni�es delivered give par�cipants an opportunity to develop confidence and skills for life and expand their horizons, developing skills around performance inspired by and aspiring to the professional performance offer.

● Hoxton Hall’s role as a living heritage site is a way to make Bri�sh heritage inclusive. The Hall engages in intergenera�onal crea�ve par�cipa�on to discover and explore the history of this unusual living music hall; to reach beyond history enthusiasts and find connec�ons to the mul�ple communi�es of Hoxton and the surrounding areas.

Increased Financial Stability:

● Hoxton Hall’s role as an entrepreneurial organisa�on maximising income generated through fundraising and by commercial ventures includes Hoxton Workspaces office units, and events and hires to increase unrestricted income to support core charitable ac�vi�es.

Achievements and performance Overview of Programme and Performances

Spring #CLASS festival season

The year opened with the flagship season #Class with a big focus in engaging the local community of Hoxton into the theatre with a mixed programme of talks, music events, dance and debate all encouraging people to think about class. The season’s highlight was the play

Hoxton Street inspired by a series of workshops with local residents pre Covid, and co-authored by Lil Warren and Oladipo Agboluaje, based on a concept by Karena Johnson.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Class opened with a Sound Out event – featuring Kojey Radical, followed by the Fatman Sound dance event and the first C-word debate on gentrification with a screening of the film The Street .

Hoxton Street (the play) was part of the hyperlocal recovery strategy post-pandemic and a key part of the #CLASS season. The play was presented as an episodic drama inspired by the community, made by workingclass people. The episodic structure was inspired by the soap opera format, aiming to encourage repeat visits from audiences, thereby building a sense of ownership of our venue.

The following feedback from audience surveys shows some of the responses to the Hoxton Street element. “This has put Horton Hall on the map, lovely little venue, I will certainly be looking out for further performances here. Just Fantastic.”

“The venue is lovely, clever staging device used to switch the scene. Cliffhanger left me on the seat’s edge and I'm going back to watch episode 3”

“Lovely welcoming theatre - a little gem. Must go to see more there.”

“Hoxton Hall was a very welcoming venue, with lovely, helpful staff. A fun but realistic, interactive show. The piece tackles some of the challenges of the local area and the audience being able to choose what happens next is novel.”

because it was a challenge to bring theatre audiences to the venue post Covid. Those who saw the performances and especially the play Hoxton Street were overwhelmingly posi�ve. The play absolutely connected with the audiences we had intended. It was of interest to the wider theatre going public who came especially in the omnibus weeks when all the episodes were shown together. We had over 400 downloads of the soundwalk created to accompany the play, featuring different characters talking about the local area, which was posi�ve.

including:

Na�onal Opera Studio in an evening showcasing the themes of love and deceit in Mozart’s operas.

New Palace Opera’ s A Kind Man, a new opera based on Susan Hill’s novel.

The Hive – a new opera using verba�m interviews with a soaring opera�c score to explore a fascina�on with serial killers.

Dave Gorman – a series of work in progress comedy shows.

- Kevin Morby and the launch of his album “This is a Photograph”.

“It’s a privilege to hear Kevin Morby’s music on whatever medium you choose but to experience it in a live se�ng is truly wonderful. It's no wonder that the show was sold out tonight. Just like

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

photographs, you can get lost in the sonic landscape Kevin Morby paints, made even more real in Hoxton Hall, London, September 1st, 2022. (S�ll Listening Magazine)

From November onwards we went back to exploring our own programming. Initially scheduled for one performance, popular poet Hollie McNish’s show sold out within a day or so of going on sale, so a second performance was added (which also sold out).

We also hosted the tenth outing for Ms Paolini’s Phantasmagoria Cabaret (an absurdist variety show), which has been presented at Hoxton Hall since 2016, and we were delighted that this most recent show was the best attended since the very first one six years ago.

We had Open Days which took place on 28 and 29[th] build friendships with local organisa�ons and it enabled some useful conversa�ons with local people and poten�al partners to take place, including our local councillor, Kam Adams. The building tours were led by our own “Lady of the Manor” Poppy Kay (otherwise known as our youth arts manager) which were par�cularly well received - delivered in full costume with the unsuspec�ng tour par�cipants drawn into a performance on stage at the end of the tour, having been rehearsed upstairs in the Palmer Room – not what they had expected!

In December we welcomed our pantomime The Wizard of Oz, which was commissioned from panto specialist production company, Gary Starr Creative. 25 performances were presented, including six aimed specifically at local primary schools and pre-schools. Attendance totalled 2,454 and gross ticket sales were £26,023, the third highest since 2015. Considering this was the venue’s first panto unaffected by Covid since 2019, we can only be pleased that we are heading in the right direction and audiences are returning to the Hoxton Hall pantomime. The Wizard of Oz went down extremely well with audiences with overwhelmingly positive feedback received both anecdotally and, as below, by post-show audience survey:

“The Wizard of Oz was the best panto yet. Can’t wait for next year and the venue gives the whole experience something special." “The kids loved the show”.

In the New Year in February 2023 we had the pleasure of welcoming Brain Fools Circus with their piece Circus Enchanté. This was a family-friendly show, with two performances staged during half-term week. Total attendance was 296 and gross box office receipts were £2,884, both of which exceeded expectations. Audience feedback was again very positive: “This was a charming and very funny show.” “We all laughed out loud many times. “

“It was good old-fashioned fun”.

Damian Lewis came to Hoxton Hall on March 3[rd] to a very enthusiastic crowd of fans and lots of traction on social media. There are many YouTube postings and articles in the press celebrating Damian’s band.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Verdi’s Macbeth : A immersive staging of this opera from Uncovered Opera Company on March 4[th] and 5[th] . A review from Theatre Board said: “ Just back from Hoxton Hall. A fine show with a big cast and an orchestra in a small music hall. An immersive production with action amongst the audience. The chorus and orchestra were good and so were the principals. The costumes and scenery were minimal, but you must remember that the big opera houses have whole departments working on these items. Sung in Italian with English surtitles shown on the back of the stage. A good night out.”

Young people

The youth arts team were busy all year round delivering the ongoing programme of ac�vi�es supported by Young Hackney, and the delivery of the youth music programme. Workshops were delivered a�er school 4 days a week as well as music sessions in the studio on Saturdays. There was an extensive summer programme which started late July and ran through to late August. The young people showcased their work in two Youth ArtsFest events at the Hoxton Trust Community Garden, just up the road from Hoxton Hall. Work started on the youth music programme funded by the Portal Trust (formerly John Cass Founda�on), with a view to achieving formal accredita�on for the young people for taking part.

The October half term project focused on dance and music production. We welcomed 120 young people to this weeklong project, which was a real success, continuing the work we are already doing in the recording studio.

On October 27[th] we delivered our renowned SoundOut event, a night of music giving professional performance opportunities to future stars. The night was a great success with over 80 people in the audience and 17 performances.

In December the youth arts department was focused on our end of term sharing where we welcomed in parents and families to showcase the work we had been up to throughout the autumn term, a lot of which was focused on the themes of the panto. All the public showings across the year were very positive as it allows our young people to perform on the stage and share the hard work that has gone into the music, drama, dance and art sessions.

January 2023 got off to a great start with lots of new members joining and welcoming our new dance tutor Peppa, now hosting a contemporary dance session in place of street/hip hop dance. The change was well received by our participants and the results showcased in the March end of term sharing.

In February half term break our holiday project collaborated with Brain Fools on an introduction to circus skills. The young people really enjoyed this project, and it inspired us to continue our work with circus artists.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Income Sustainability

sustainability. We worked hard to rebuild income from hiring of the spaces and benefi�ng from filming opportuni�es. During this year we exceeded £158K in hires and box office.

Hire highlights included a music video hire for the Gracie Abrahams Show, two Waterstones’ book events, and a Warner Music Showcase for new signings as part of their annual interna�onal conference.

.

To give a small snapshot of the pace of hirers at this point: on Tuesday 29 November the Contemporary Arts Society hosted a fundraising dinner for an exclusive audience, with star guest Jeremy Dellor, a Turner Prize winning ar�st. The auditorium was beau�ful and calm, with large round tables for the guests, white tablecloths, flowers etc and a steel band onstage. A�er an overnight turnround by our team, we then hosted a massively busy corporate event for TPXimpact, a company based near London Bridge, which ran all day and evening, using up all levels of the auditorium and all other spaces on the ground floor.

We also worked on our future sustainability through the resilience project funded by the Na�onal Lotery Heritage Fund, ini�ated through a grant of £177,300 awarded in March 2020, just before the first Covid lockdown. The aim of the project was to support Hoxton Hall develop various aspects of its opera�ons with the requirement it should produce a new business plan at the end of the project. A�er a delayed start due to Covid, the project started by comple�ng a renewal of the IT infrastructure, undertaking a compe��on study into office provision for crea�ve companies in the local area to put Hoxton Workspaces in context, carried out an ini�al phase of fundraising and the appointment of a Commercial Enterprise Director. The programme then paused due to the

of 2022. Belinda Kidd, Interim General Director restarted the programme in autumn 2022, star�ng with the recruitment of a Theatre Administrator, Sam Campbell. The inten�on was that this post would support the CEO so that they could focus on strategic issues. Sam went over and beyond our expecta�ons for the post by taking on a key role in maximising opportuni�es for commercial hires.

Once Stuart Cox started as CEO in January 2023, the programme moved fast to enlist a series of experts who helped Hoxton Hall to develop its opera�ons and to train staff and board so that the skills would be embedded for the long-term. These include:

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

challenges of the year. However, the board moved swi�ly to put interim solu�ons I in place to keep the business moving ahead, and to run the recruitment process to replace these key posts.

Our Chief Execu�ve Ar�s�c Director Karena Johnson went on sabba�cal in May 2022 and then moved on to a new role at the Barbican as Head of Crea�ve Collabora�on and Learning.

Jennie Gentles our long-term Marke�ng Associate le� in May. Barry Burke joined in June as role as Interim Marke�ng Manager, leaving at the end of March 23 to re�re.

Josh McTaggart, the Commercial Enterprise Director appointed in September 2021 as part of the NLHF resilience programme le� in late May for a new role at the Roundhouse.

David Ballantyne, Finance Manager, le� at the beginning of April. Chuks Kamalu started as Finance Manager in May 22 and le� the post in January 2023.

Neil Marcus was appointed as Interim Chief Execu�ve (part �me) in May 2022 and Belinda Kidd (who stepped down as Co-Chair from the board of Trustees) took on the role of Interim General Director (also part �me) in June. Neil stayed to March and Belinda was s�ll on contract at the end of the year ensuring the delivery of the NLHF resilience project.

Stuart Cox was recruited as the new CEO and started in mid-January 2023 and Ania Kanik started as Finance Director in January 2023.

Sam Campbell was appointed as Theatre Administrator, and Chanel Reynolds as Marke�ng & Sales Assistant. Both started in their posts on 28 November 2022.

(Head of Technical and Opera�ons), Grace Hammond (Par�cipa�on Manager), and Poppy Kay (Youth Arts Manager) was vital to the con�nuity and smooth running of Hoxton Hall.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Future Plans

Going into 23-24 plans for this year include:

Finance Review

Hoxton Workspaces Ltd and, addi�onally, through theatre and room hires, funding for its Youth Arts programme from the London Borough of Hackney, and by securing addi�onal funding from various trusts and founda�ons.

In previous years, income from Hoxton Workspace Ltd, our trading company, has been a vital part of Hoxton Hall’s turnover includes income generated by workspace units at 128 Hoxton Street, weddings, film and room hires. During 2022/23 this income increased as in the previous year. Hoxton Works was able to make a contribu�on of £145,173.

Our Youth Arts Programme con�nued to be supported by the London Borough of Hackney with a core contract at the same level as the previous year of £90,000 for the main PAYP grant. Addi�onal grants were provided during the year for the youth arts programme by the London Borough of Hackney, Arts Council England, the Jack Petchey Founda�on, Doc Martens and London Youth.

Reserves Policy

At the year-end Hoxton Hall had the protec�on of £192,858 of unrestricted reserves (2022: £382,642). The inten�on is to use part of this to contribute opera�ng costs as the organisa�on rebuilds its business in the a�ermath of the Covid pandemic. The reserves policy of building and maintaining unrestricted reserves to cover 3 months’ running costs (es�mated as £150,000), remains in place for the longer term.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Statement on fundraising prac�ce

sources, and grants from trusts and founda�ons, a contribu�on from our trading subsidiary and occasional small dona�ons from individuals. We therefore are not registered with the fundraising regulator, although follow their guidance when evalua�ng poten�al approaches to grant giving bodies. Hoxton Hall have received no complaints about our fundraising ac�ves. Hoxton Hall has not approached any individuals as donors and therefore careful of any poten�ally vulnerable donors.

Principal risks and uncertain�es

The trustees have examined the major strategic, business and opera�onal risks that the company faces and confirm that systems have been established so that the necessary steps can be taken to mi�gate these risks.

The board of trustees review the risk register quarterly which details the risks the charity may face; and sets out strategies and procedures to mi�gate those risks.

and opera�onal risk at board mee�ngs. Our Finance sub-commitee scru�nises management accounts and makes recommenda�ons to the board. Financial con�ngencies have been built into capital projects and cash flow carefully monitored. Budgets and actuals for projects are reviewed on a quarterly basis to ensure income and expenditure is in line with agreed targets.

will con�nue to implement the following ac�vi�es to improve its financial sustainability.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Structure, governance and management

Constitution

Hoxton Hall is a company limited by guarantee, not having a share capital, incorporated on 14 September 2004 and registered as a charity on 9 December 2004. The company was established under a Memorandum of Associa�on which established the objects and powers of the charitable company and is governed under its Ar�cles of Associa�on.

reclaimed from the charity are set out in note 7 to the accounts.

Objects

The Company’s main objects as set out in the Memorandum are the advancement of educa�on and the provision of facili�es for the benefit of the inhabitants of Hoxton and neighbouring boroughs in the interest of social welfare for recrea�on and leisure occupa�on with the object of improving the condi�ons of life for the said inhabitants.

Organisation

The board of trustees of the company and the sub-commitees have overall responsibility for the running of the company. Through regular board mee�ngs and sub-commitee mee�ngs the trustees, who are the directors of the company, advise the management of the company, in par�cular on strategy. The board appoints the Chief Execu�ve who is responsible for policy and day to day management of the charity.

Hoxton Hall recruits trustees via targeted approach and adver�sements. The prospec�ve trustee meets the CEO and is interviewed by the delegated group of trustees and the Chair. Following the interview, a prospec�ve trustee atends a board mee�ng as an observer and is voted on subject to references. A trustee is formally appointed therea�er and undergoes an induc�on. The newly appointed trustee receives the Memorandum and Ar�cles of Associa�on, 3-year Strategic Plans, Trustee role and responsibili�es and board minutes of previous mee�ngs.

The trustees who served during the year and to the date of signing, and those members of the board that served on the finance sub-commitee are shown on page 1.

Related par�es and rela�onships with other organisa�ons

Hoxton Hall con�nues to hold 100% of the shares of the trading subsidiary Hoxton Workspaces Ltd, based at 128 Hoxton Street. It contributed £145,173 to the charity Hoxton Hall during the year (2022: £93,786).

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

Hoxton Hall con�nued to work in partnership with the London Borough of Hackney. Hoxton Hall con�nues to deliver as the crea�ve arts Young Hackney Hub, working in partnership with Young Hackney and across the network of five Youth Hubs in the borough.

Remunera�on policy for key management personnel

management review and agree pay scales within annual budgets and remain within these agreed parameters when engaging in the recruitment process for new staff

Statement of Trustees’ Responsibili�es

The trustees (who are also directors of Hoxton Hall Limited for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).

give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applica�on of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

informa�on included on the charitable company's website. Legisla�on in the United Kingdom governing the prepara�on and dissemina�on of financial statements may differ from legisla�on in other jurisdic�ons.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was 9 (2022: 9). The trustees are members of the charity, but this en�tles them only to vo�ng rights. The trustees have no beneficial interest in the charity.

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Hoxton Hall

Trustees’ annual report

For the year ended 31 March 2023

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 6 December 2023 and signed on their behalf by

Timothy Vaughan

Treasurer

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Independent examiner’s report

To the trustees of

Hoxton Hall

Opinion

I report to the trustees on my examination of the accounts of Hoxton Hall for the year ended 31 March 2023.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 (‘the 2011 Act’).

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accounts in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 Accounting records were not kept in respect of the Company as required by section 386 of

the 2006 Act; or

The accounts do not accord with those records; or

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

The trustees were not entitled to prepare the financial statements in accordance with the

17

Independent examiner’s report

To the trustees of

Hoxton Hall

small companies’ regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Name: Fleur Holden FCA Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, EC1Y 0TL DATE: 13 December 2023

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Hoxton Hall

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Note
Income from:
Donations & grants
2
Charitable activities:
Youth arts
3
Theatre activities
3
Other trading activities
4
Subsidiary gift aid to parent undertaking
13
Interest and investment income
Total income
Expenditure on:
Cost of raising funds
5a
Charitable activities:
Youth arts
5a
Theatre activities
5a
Theatre refurbishments
5a
Total expenditure
Net income/(expenditure) before net
gains/(losses) on investments
Net gain/(loss) on investments
12
Net income/(expenditure) for the year
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted

£

3,677

-

66,890

76,992

145,173
1,200
293,932

13,436

34,659

429,221

4,500
481,816
(187,884)
-

(1,900)
(189,784)
(189,784)
382,642
192,858		 Restricted
£
80,924
128,990
-
-
-
-
209,914
104,901
152,991
123,321
381,213

(171,299)
-
(171,299)
(171,299)
2,155,756
1,984,457		 2023
Total
£
84,601
128,990
66,890
76,992
145,173
1,200
503,846
13,436
139,560
582,212
127,821
863,029
(359,183)
(1,900)
(361,083)
-
(361,083)
2,538,398
2,177,315		 Unrestricted
£
-
-
56,346
7,997
93,786
1,436
159,565
100,927
-
18,340
-
119,267
40,298
4,079
44,377
(2,367)
42,010
340,632
382,642		 Restricted
£
102,494
138,106
171,995
-
-
-
412,595
42,009
162,015
217,920
123,321
545,265
(132,670)
-
(132,670)
2,367
(130,303)
2,286,059
2,155,756		 2022
Total
£
102,494
138,106
228,341
7,997
93,786
1,436
572,160
142,936
162,015
236,260
123,321
664,532
(92,372)
4,079
(88,293)
-
(88,293)
2,626,691
2,538,398

20

Hoxton Hall

Balance sheet

Company No. 05230485

As at 31 March 2023

Note
Fixed assets
Tangible assets
11
Investments
12/13
Current assets
Debtors
14
Cash at bank and in hand
Liabilities:
Creditors falling due within one year
15
Net current assets
Total assets less current liabilities
Total Net Assets
17a
Funds
18a
Restricted income funds
Unrestricted income funds
Total funds		 2023
£
1,979,497
48,311
2,027,808
61,965
193,001
254,966
(105,459)
149,507
2,177,315
2,177,315
1,984,457
192,858
2,177,315		 2022
£
2,108,281
50,211
2,158,492
209,942
296,039
505,981
(126,075)
379,906
2,538,398
2,538,398
2,155,756
382,642
2,538,398

The opinion of the directors is that the company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge the following responsibilities:

(i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

(ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the special provisions applicable to small companies subject to the small companies' regime.

Approved by the trustees on 6 December 2023 and signed on their behalf by

Timothy Vaughan Trustee

21

Hoxton Hall

Statement of cash flows

For the year ended 31 March 2023

Reconciliation of net income to net cash flow from operating activities

Net income/(expenditure) for reporting period
(as per statement of financial activities)
Depreciation charges
(Gain)/Loss on investments
Investments and interest income
Decrease/(Increase) in debtors
(Decrease)/Increase in creditors
Net cash provided by operating activities
Cash flows from operating activities
Net cash provided by operating activities
Cash flows from investing activities
Investment and interest income
Purchase of fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
2022
£
£
(361,083)
(88,293)
128,784
130,605
1,900
(4,079)
(1,898)
(1,436)
147,977
(192,978)
(20,616)
82,025
(104,936)
(74,156)
2023
2022
£
£
(104,936)
(74,156)
1,898
1,436
(4,495)
1,898
(3,059)
(103,038)
(77,215)
296,039
373,254
193,001
296,039		 2022
£
(88,293)
130,605
(4,079)
(1,436)
(192,978)
82,025
(74,156)

22

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies

a) Statutory information

Hoxton Hall is a charitable company limited by guarantee and is incorporated in the United Kingdom.

The registered office address is Hoxton Hall, 130 Hoxton Street, London, N1 6SH.

b) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The results of the wholly-owned subsidiary Hoxton Workspaces Limited are not consolidated in these financial statements. This is on the basis that the gross income of the charitable company and wholly-owned subsidiary does not exceed £1million after any consolidation adjustments.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

As noted in the the trustees' report it is the opinion of the trustees that there are no material uncertainties about the charitable company's ability to continue as a going concern. Although a significant deficit arose in the year, this was due partly to the low levels of activity following Covid, and partly, as noted in Trustees' Report, to the 'Class Season' theatre production, which incurred a substantial loss. Subsequent to the end of this financial year, overall levels of business activity have increased and financial performance has improved.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. e) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

23

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023 1 Accounting policies (continued)

h) Expenditure and irrecoverable VAT

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity.

Support costs relate to the costs of overall direction and administration of each activity, comprising the salary and overhead costs of the central function. Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff time and costs, of the amount attributable to each activity.

Costs of raising funds 28%
Youth Arts 38%
Theatre refurbishments 0%
Theatre activities 34%

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

l) Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price (bid price). Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

Investments in subsidiaries

Investments in subsidiaries are at cost.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

24

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies (continued)

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity has both basic and non-basic financial assets and financial liabilities. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Non-basic financial instruments (investments) are measured at fair value with any gain or loss going to the statement of financial activities. Full details are given in the investments note.

q) Pensions

The charitable company makes payments to defined contribution pension schemes on behalf of employees. The assets of the schemes are held separately from those of the charitable company in independently administered funds. The pension cost charge represents contributions payable to the funds during the year. The charitable company has no liability under the schemes other than the payment of those contributions.

2 Income from donations and grants
Arts Council England
Arts Council CRF1
Arts Council England Kickstart
London Borough of Hackney grant - other
London Borough of Hackney restriction grant
National Lottery Heritage Fund - class, etc
Queens Mary University
London Borough of Hackney - CJRS
London Borough of Hackney - Kickstart
Other statutory income
Donations		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
3,677
3,677		 Restricted
£
28,188
-
6,363
4,110
-
35,186
5,000
-
-
-
2,077
80,924		 2023
Total
£
28,188
6,363
4,110
-
35,186
5,000
-
-
-
5,754
84,601		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
£
-
11,996
-
-
9,370
19,050
62,852
4,440
3,782
2,500
-
113,990		 2022
Total
£
-
11,996
-
-
9,370
19,050
62,852
4,440
3,782
2,500
-
113,990

25

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

3 Income from charitable actvities
London Borough Hackney - Carnival
Jack Petchey
London Borough Hackney - Discover Young Hackney
Digital Sound Out
London Borough Hackney - HAF
Portal
Dr Martens (Tier1 & Time 4 creation)
London Borough Hackney- Connecting Young Hackney
London Youth - Good for Girls
Windrush microgrant
Enfield Charity
Sub-total for Youth Arts
London Borough Hackney-Shoreditch/Hoxton Art Fund - Hoxton St
CRF2 - ACE (Arts Council England)
Arts Council England - Class
Theatre Hire (performances)/Ticket sales
& commission
Cockayne class season
Sub-total for Theatre Activities
Total Income from charitable activities
4 Income from other trading activities
Equipment & room hire		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-		 Restricted
£
3,220
1,800
3,000
-
13,070
9,100
-
90,000
6,500
-
2,300		 2023
Total
£
3,220
1,800
3,000
-
13,070
9,100
-
90,000
6,500
-
2,300		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-		 Restricted
£
-
1,200
-
4,400
16,510
-
12,000
90,000
2,000
500
-		 2022
Total
£
-
1,200
-
4,400
16,510
-
12,000
90,000
2,000
500
-
-
-
-
-
66,890
-
-		 128,990
-
-
-
-
-
-		 128,990
-
-
-
66,890
-
-		 -
-
-
-
-
56,141
205		 126,610
5,000
138,807
28,188
-
-
-		 126,610
5,000
138,807
28,188
-
56,141
205
66,890 - 66,890
195,880
2023
Total
£
76,992		 56,346 171,995 228,341
66,890 128,990 56,346 298,605 354,951
Unrestricted
£
76,992		 Restricted
£
-		 Unrestricetd
£
7,997		 Restricted
£
-		 2022
Total
£
7,997

26

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2022

5a Analysis of expenditure (current year)

5a Analysis of expenditure (current year)
Staff costs
Freelance & casual staff
Training and recruitment
Youth arts costs
Other performance costs
Direct marketing and PR costs
Premises
Office
Depreciation
Independent examination and other services
Board expenses
Support costs
Governance costs
Total expenditure in 2023		 Cost of
raising funds
£
1,000
8,936
-
-
-
-
-
-
-
-
-
9,936
2,000
1,500
13,436		 Charitable activities
Theatre
Theatre
Youth Arts
refurb.
activities
£
£
£
65,883
-
155,002
28,924
-
100,746
125
-
-
17,491
-
-
-
-
61,192
-
-
64,147
-
-
-
-
-
-
1,381
123,321
1,310
-
1,500
-
-
-
-
113,805
124,821
382,398
17,565
196,270
8,190
3,000
3,544
139,560
127,821
582,212		 Governance
costs
£
13,100
-
-
-
-
-
-
-
-
3,484
-
16,584
(16,584)
-		 Support
costs
£
32,989
47,670
755
-
-
-
93,200
38,450
2,772
-
-
215,835
(215,835)
-		 2023
Total
£
267,975
186,276
880
17,491
61,192
64,147
93,200
38,450
128,784
4,984
-
863,379
()
-
863,379		 2022
Total
£
233,949
68,949
524
11,889
65,185
54,764
47,826
47,463
130,605
3,354
24
Youth Arts
£
65,883
28,924
125
17,491
-
-
-
-
1,381
-
-
113,805
17,565
8,190
139,560		 Theatre
refurb.
£
-
-
-
-
-
-
-
-
123,321
1,500
-
124,821
3,000
127,821
664,532
-
-
664,532

27

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

5b Analysis of expenditure (prior year)

Staff costs
Freelance & casual staff
Training and recruitment
Youth arts costs
Other performance costs
Direct marketing and PR costs
Premises
Office
Depreciation
Independent examination and other services
Board expenses
Support costs
Governance costs
Total expenditure in 2022		 Cost of
raising funds
£
63,191
20,680
-
-
-
17,056
-
-
-
-
-
100,927
37,416
4,593
142,936		 Charitable activities
Theatre
Theatre
Youth Arts
refurb.
activities
£
£
£
62,291
-
60,797
28,457
-
19,812
524
-
-
11,889
-
-
-
-
65,185
-
-
37,708
-
-
-
-
-
-
1,841
123,321
1,747
-
-
-
-
-
-
105,002
123,321
185,249
50,779
-
45,434
6,234
-
5,577
162,015
123,321
236,260		 Charitable activities
Theatre
Theatre
Youth Arts
refurb.
activities
£
£
£
62,291
-
60,797
28,457
-
19,812
524
-
-
11,889
-
-
-
-
65,185
-
-
37,708
-
-
-
-
-
-
1,841
123,321
1,747
-
-
-
-
-
-
105,002
123,321
185,249
50,779
-
45,434
6,234
-
5,577
162,015
123,321
236,260		 Governance
costs
£
13,026
-
-
-
-
-
-
-
-
3,354
24
16,404
-
-16,404
-		 Support
costs
£
34,644
-
-
-
-
-
47,826
47,463
3,696
-
-
133,629
-133,629
-
-		 2022
Total
£
233,949
68,949
524
11,889
65,185
54,764
47,826
47,463
130,605
3,354
24
Youth Arts
£
62,291
28,457
524
11,889
-
-
-
-
1,841
-
-
105,002
50,779
6,234
162,015		 Theatre
refurb.
£
-
-
-
-
-
-
-
-
123,321
-
-
123,321
-
-
123,321
664,532
-
-
664,532

28

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

6 Net (expenditure)/ income for the year

This is stated after charging

Depreciation
Operating lease rentals equipment
Independent examiners remuneration (excl. VAT)
Independent examiners remuneration (current year)		 2023
£
128,784
1,145
3,500		 2022
£
130,605
1,145
3,150

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows

Staff costs were as follows
Salaries and wages
Termination and redundancy payments
Social security costs (Employers national insurance contributions)
Employers contribution to defined contribution pension schemes		 2023
£
249,765
19,131
3,354
272,250		 2022
£
210,615
-
19,212
4,122
233,949

No employee received employee benefits (excluding employer pension costs and employers' national insurance) of more than £60,000 during the year (2022: Nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £41,427( 2022: £68,381 ).

The charity trustees were not paid or received any other benefits from employment with the charity in the year. (2021: nil)

No charity trustee received payment for professional or other services supplied to the charity. Trustee expenses represent the payment or reimbursement of travel and subsistence costs totalling Nil (2022: £24)

8 Staff numbers

The average number of employees (head count based on number of staff employed and full-time equivalent) during the year are as follows:

Head count Full time equivalent
2023 2022 2023 2022
No. No. No. No.
Raising funds 0.1 0.7 0.1 1.2
Youth arts activities 2.0 1.5 2.0 2.0
Theatre Activities 7.0 11.5 4.0 1.9
Support 0.8 0.8 0.8 0.7
Governance 0.1 0.1 0.1 0.1
10.0 14.6 7.0 5.9

29

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

9 Related party transactions

During the years ended 31 March 2023 and 31 March 2022, Hoxton Hall and its trading subsidiary, Hoxton Workspaces Limited, paid for certain expenses on behalf of each other, which were re-charged through the intercompany account. In addition a group VAT return is prepared by Hoxton Hall covering both entities. The net VAT payable or receivable by Hoxton Workspaces Limited is also reflected through the intercompany account. Hoxton Workspaces Limited also donates its taxable profit for each financial year (via gift aid) and the donation amount and cash paid are also reflected through the intercompany account.

Other than the transactions between Hoxton Hall and its trading subsidiary, Hoxton Workspaces Limited, as detailed above, there are no related party transactions to disclose for 2023 (2022: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

10 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiary

11 Tangible fixed assets

Cost
At start of the year
Additions in the year
At end of the year
Depreciation
At the start of the year
Charge for the year
At end of the year
Net book value at the end
of the year
At the start of the year		 £
3,057,063
-
Leasehold
property and
improvements		 £
57,202
-
Office and
computer
equipment		 £
80,666
-
Studio, theatre
and
participation
equipment		 £
5,079
-
Fixtures &
fittings		 £
3,200,010
-
Total
3,057,063 57,202 80,666 5,079 3,200,010
974,275
123,321		 46,047
2,772		 66,328
2,691		 5,079
-		 1,091,729
128,784
1,097,596 48,819 69,019 5,079 1,220,513
1,959,467 8,383 11,647 - 1,979,497
2,082,788 11,155 14,338 - 2,108,281

30

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

12 Fixed asset investments

Fair value at the start of the year
Net Gain/(loss) on change in fair value
Fair value a the end of the year/ total financial assets measured
at fair value through profit & loss		 2023
£
50,211
(1,900)
48,311		 2022
£
46,133
4,078
50,211

Investments comprise income units in COIF charity investment funds

31

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

13 Subsidiary undertaking

The charitable company owns the whole of the issued ordinary share capital (£1) of Hoxton Workspaces Ltd, a company registered in England.The subsidiary is used for non-primary purpose trading activities.

Available profits are gift aided to the charitable company. A summary of the results of the subsidiary is shown below:

Turnover
Administrative expenses
Profit on ordinary activities before interest and taxation
Interest receivable
Profit on ordinary activities before taxation
Taxation on profit on ordinary activities
Tax potentially payable related to prior years
Profit for the financial year
Retained earnings
Total retained earnings brought forward
Profit for the financial year
Distribution under gift aid to parent charity
Total retained earnings carried forward
The aggregate of the assets,liabilities & funds was:
Assets
Liabilities
Reserves
Amounts owed by the parent undertaking are shown in note 15.
14
Debtors
Trade debtors
Prepayments and accrued income
VAT
Amount due from subsidiary		 2023
£
222,347
(77,595)
144,752
420
145,173
-
-
145,173
85,325
145,173
(145,173)
85,325
416,299
(237,197)
179,102
2023
£
37,036
24,928
-
-
61,965		 2022
£
202,119
(108,333)
93,786
8
93,794
-
-
93,794
85,317
93,794
(93,786)
85,325
504,840
(419,515)
85,325
2022
£
132,904
22,731
12,706
41,601
209,942

32

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

15
Creditors: amounts falling due within one year
Trade creditors
PAYE, national insurance and pensions:
VAT
Accruals
Deferred income
Amount due to subsidiary		 2023
£
5,933
2,914
6,266
9,553
54,843
25,949
105,459		 2022
£
27,950
6,233
-
3,000
88,892
-
126,075

16 Deferred income

Deferred income comprises theatre hire and ticket sales in advance of events and a grant of £29,900 carried forward from the Portal Trust in March 2023 (2022: received £39,000), along with a grant from LB Hackney for Strictly Come Dancing at Hoxton Hall £1,825 (2022 received :nil)

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Analysis of net assets between funds (current year)
Fixed assets
Investments
Net current assets
Net assets at the end of the year		 General
unrestricted
£
20,030
48,311
124,517
192,858		 2023
£
88,892
(118,792)
84,743
54,843
Restricted
funds
£
1,959,467
-
24,990
1,984,457		 2022
£
19,306
(42,231)
111,817
88,892
Total
funds
£
1,979,497
48,311
149,507
2,177,315

17a Analysis of net assets between funds (current year)

17b Analysis of net assets between funds (prior year)

Fixed assets
Investments
Net current assets
Net assets at the end of the year		 General
unrestricted
£
25,492
50,211
306,939
382,642		 Restricted
funds
£
2,082,789
-
72,967
2,155,756		 Total
funds
£
2,108,281
50,211
379,906
2,538,398

33

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

18a Movement in funds (current year)

Movement in funds (current year)
Restricted funds:
LCRF
Youth Opportunity Fund-Sound Out
Jack Petchey
Windrush
Digital Shout Out
LBH - HAF
Dr Martens (Amplify: Tier1 & Time4Creation)
LBH grant - other
LBH - CYH
LBH grant - other
LBH Restriction grant
NLH FUND - class etc
LB Hackney Carnival
ACE
ACE - Kickstart
Enfield Charity
LB Hackney Discover Young Hackney
Youth Music - Portal Trust
London Youth - Good for girls
Queens Mary
Other statutory income
Capitalised (spent) works
Total restricted funds
Total unrestricted funds
Total funds		 At the start of
the year
£
27,350
3,951
2,048
216
3,230
7,554
(4,000)
-
-
9,370
19,050
-
-
-
-
-
-
1,700
-
2,500
2,082,787
2,155,756
382,642
2,538,398		 Income
£
-
-
1,800
-
-
13,070
-
4,110
90,000
-
-
35,186
3,220
28,188
6,363
2,300
3,000
9,100
6,500
5,000
-
-
207,837
293,932
501,769		 Expenditure
and losses
£
(27,350)
(700)
-
(216)
-
(9,279)
-
(110)
(90,000)
(9,370)
(19,050)
(35,186)
(3,220)
(28,188)
(6,362)
(2,300)
(3,000)
(9,100)
(4,885)
(5,000)
(2,500)
(123,321)
-379,137
483,716
104,579		 Transfers
£
-
-
-
-
-
-
4,000
(4,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At the end of
the year
£
0
3,251
3,848
0
3,230
11,345
0
0
0
0
0
0
0
0
1
0
0
0
3,315
0
0
1,959,466
1,984,456
192,858
2,177,315

34

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

18b
Restricted funds:
LBH-Shoreditch/Hoxton Art Fund-Hoxton Street
Cockayne Foundation-Curated Season
Discover Young Hackney-Time Capsule
LCRF
Youth Opportunity Fund-Sound Out
Jack Petchey
NLHF Resilience
Windrush
Digital Shout Out
LBH - HAF
Dr Martens (Amplify: Tier1 & Time4Creation)
LBH - CYH
CRF1 (Youth Arts1 participation prog) - Arts Council
LBH grant - other
LBH Restriction grant
NLH FUND - class etc
CRF2 [SEE IE REPORT] - Arts Concil
LBH - CJRS
LBH - Kickstart
Arts Council E - Class
London Youth - Good for girls
Other statutory income
Capitalised (spent) works
Total restricted funds
Total unrestricted funds
Total funds
Movements in funds (prior year)		 At the start
of the year
£
21,732
10,000
980
27,529
4,710
1,500
-
500
-
-
-
-
13,000
-
-
-
-
-
-
-
-
-
2,206,108		 Income
£
5,000
-
-
-
-
1,200
-
500
4,400
16,510
12,000
90,000
11,996
9,370
19,050
62,852
138,807
4,440
3,782
28,188
2,000
2,500
-		 Expenditure
and losses
£
(26,732)
(10,000)
(980)
(179)
(759)
(652)
(1,000)
(784)
(1,170)
(8,956)
(16,000)
(90,000)
(25,874)
-
-
(62,852)
(139,296)
(4,440)
(3,782)
(28,188)
(300)
-
(123,321)		 Transfers
£
-
-
-
-
-
-
1,000
-
-
-
-
-
878
-
-
-
489
-
-
-
-
-
-		 At the end of
the year
£
-
-
-
27,350
3,951
2,048
-
216
3,230
7,554
(4,000)
-
-
9,370
19,050
-
-
-
-
-
1,700
2,500
2,082,787
2,286,059
340,632		 412,595
163,644		 (545,265)
(119,267)		 2,367
(2,367)		 2,155,756
382,642
2,626,691 576,239 (664,532) - 2,538,398

35

Hoxton Hall

Notes to the financial statements

For the year ended 31 March 2023

19 Operating lease commitments

The group's and charitable company's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Equipment
2023 2022
£ £
Less than one year 3,464 6,928
One to five years - 3,464

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

36