Hurst F l-Re tbe Trus or the ear to 30 A ril 202 The trustees present th¢ir report with th¢ fmancial statements of the charity for the year to 30 April 2025. Registered Charity number 1127445 Principydl address 112A High Street Hurstpierpoint BN6 9PX Trnstee8 Michel Olszewski (Chair) Simon Anckorn (since 9 October 2024) John Barry Margaret Carey Julia Kirby (sinc¢ 18 November 2024) Shauglwi Parish Bob Sampson Belinda Sharp Compvdny Seeretary John Barry Independent Examiner Martin Watts STRUCTURE, GOVERNANCE AND MANAGEMENT Strueture Hurst Festival was incorporated as a private limiled company (No 6565917) on 15 April 2008 and commenced activities on that date. The fimds of the Hurstpierw)int nd Sayers Common Arts Festival so¢i¢ty were transferred to the company at that date. Charitsble status was granted on 9 January 2009. The company has applied to the Charity Comission for conversion to a Charitable Incorporated Organisation (CIO) and the outcome of th&t application is awaited. Governing doeument The Hurst Festival is controlled by its governing document, its memorandum and articles of association ineorporated 15 April 2008 as amended by special resolution 6 January 2008. Risk management The InteeS have a duty to identify and review the risks to which the Hurst Festival is exposcd and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
A comprehensive risk and controls review exercise was conducted by Trustees in 2019 and updated in 2022-23 to reflect Cuent circumstances and experience with e.g. the pandemic. It is the intention to fornially review risks and controls every 3 years. ORIECTIVES AND ACTIVITIES Objectives and aims Hurst Festival's principal objective is to organise and produce an annual festival for the benefit of people of all ages in the community of Hurstpierpoint and Sayers Common. 2024 Festival During the year, the trustees oversaw tlie holding of the 2024 festival which took place from 14 Sept¢mber to 29 September 2024. The running of th¢ festival v delegated to a s¢parate festival committee chaired by Colin Matthews, with the services of a new festival manager Susan Eskdale. The objective as always was to achiev¢ a balanced programme with Income generating events alongside community events which required funding but with little or no income. aiming also for sponsorship and donations so 05 to achieve a small surplus if possible, The festival held in September 2024 resulted in an overall SUTpIus of £20501 (cf a deficit of £819 the previous year) principally driven by a one-off Post Cod¢ Lottery grant of £15000. Trustees intend to use this Lottery 8rant money for longer t¢rni improvements which will benefit the Festival over many years, for example a better web51te and ticketing system. The funds carried forward at 30th April 2024 arnounted to £46819. The policy of the trust¢¢S IS to maintain the reserves of the company at ca. 6 months of expenditure, to enable future festivals with a wide range of community events and also to provide for futur¢ conlingenci¢s. ON THE TRUSTEES l LoJi Michel 01szeiv8kl Dgted 2025
HURST FESITII ¢h•rftyNo 1127415 Anrwal accounts for the To CC17a 01105r2024 301D412025 Section A Stateiiient of financial activities Restricted D•tads olown •Tr•lysl• knd• fund• Ineomkng r•source$ iNote 3 n•Tht•dlunds FOI F02 F03 F05 9.869 2,51 7.870 1,800 2.515 69.182 68,182 44.581 5.600 6.000 54,827 54.827 49.303 $11 13 S12 Tot•lywoUr¢•Xp•ndod $13 60,461 flJ.461 20,1 S15 lJth•r r•eognls•d EnsIo$St¥) Gokn loJse•on revoluatiun ofll¥Ad aM•ts fttrthgth¥W¥ 817 S18 14•tMOVW1n fum¥• 819 Total ftmd¥ brouglfor*ard 20.501 26.318 27.137 31 46.819
Section B Balance sheet Totsl la F01 F04 Inv•stm•nts IN¥)te 10) 3.Q27 j Current assets (Not• 111_-. . 810 Icash al bank and in hand 41.W2 41.362 44.672 ,'Credltorn: falllng wlthin one ye . (Mots 12). BIO 811 812 Credlors: amounts falOng thje after . ()n•ear 'Provislon$ for liabilities and ': B13 40019 Funds ofthe Charity. Unrestricted funds B16 B17 Totalftmds 4(819 Iq Nfoy&wbL)A 6 1£ 14.11.Ls
Indeptndent EJamineT5 Report to th¢ Truste¢s ofHur5t Fe8lfval I rep)rt on the attached accounts of the HUN Festival for the year to 30 April 2025 Resp¢¢tive regponsibilities of trnyttes •nd examiner As trst5 of the Hurst festival you are resN)nsible for the preparation of the accounts; you consider that an aJIt is not required for this year under section 144(2) of the Chariiies Act 2011 (the 2011 Act) and that an Inde[dent examinatson is needed. It is my resw)nsibility to: • examine the accounts UTKl¢r section 145 ofthe 2011 ACL • follow the procedures laid do1 under seaion 145(5Xb) of the 2011 Act), and • to state whether pArticular matters have Come to my attention. B•$is of Indeptndent examiner'g st*tement My examinalion w&8 Carried out in accordance with the General Directions 8iven by the Charity Commission. An examinalion includes a review of the accouniing records kept by the charily and a compaTison of the accounts psented with those records. li also includes consideTation of any unual items OT disclosures in the accounts and seeking ¢xplanatiort8 from you &s tNstees concerning any su¢h matters. The pr(edureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is 8iven &% io whether the accounts pr¢s¢nt a'tsue and fairf view and the rep)rt 15 limited to those matters get out in the stalement below. IDdependent examlntr's itatement In the course of my examinatio no matter h&3 come to my attention: ( l ) which gives mc re&wnable CaSe to lieve thaL in any material re5pecL the requirements.. • lo keep accounting records in accordan¢¢ with section 130 of the 2011 Act. and • lo prepare accounts which accord with the accounting records and comply with the accounting requir¢ments of the 2011 Act have not been met. or (2) to whiclL in my opinion. attention should iK drawn in OTd¢r to enabl¢ a prOpr und¢ din the accounts to Teaclkd. artin Watts 8 Mill Lane Shoreham-by-sea BN43 SAB Ic>/q/2oi