Hungarian Cultural Association Directors, l Trustees, Annual Report 2019120 for the Financial Year ending 31 August 2020 Thanking our key supporters: Bethlen Gabor Alap Zrt Federation of Hungarians in England Hungarian Cultural Centre London
Directors, l Trustees. Annual Report 2019120 Prepared in accordance with the special provisions provided for smaller companies by Part 15 of the Companies Act 2006 and the Charities SORP (FRS102) guidelines for charities. This is the Company's ninth Annual Report since incorporation on 15 April 2011, for the Financial Year from 1 September 2019 to 31 August 2020. Reference and administrative information Name of the company / charity: Short name: Hungarian Cultural Association HCA Any other name by which the company I charity makes itself known: Hungarian School and Cultural Association Guildford Magyar Iskola és Kulturalis Egyesulet Guildford 1144110 Charity registration number in England and Wales: Company registration number: 7606402 The address of the principal office of the charity: The names of the charity's trustees or trustee(s) for the charity on the date the report was approved: 2 Elles Avenue, Guildford, GU12QH Maria Chambers, Katalin Hegedus Andrea Norman-walker (from 10 March 2019), Dora Blazsek-Dixon (from 1 September 2019) The names of any other person who served as a charity trustee in the financial year: none
Structure Governance and Mana ement The nature of the governing document and how the charity is constituted: The Hungarian Cultural Association is a Company Limited by Guarantee, constituted with a Memorandum and Articles ofAssociation. How the Charity is constituted: The Hungarian Cultural Association (HCA) was established on 15 April 2011 as a company limited by guarantee and was registered as a Charity in October 2011. The HCA has continued the activities founded by its predecessor organisation, the Hungarian Cultural Group Guildford (HCG) established in March 2009. The methods adopted for the recruitment and appointment of new trustees: The Hungarian Cultural Association invites all its beneficiary members, volunteers and contracted staff to participate in the governance of the charity. It has invited any member or associated partner to apply for Trustee positions. New Trustees/Directors can be appointed by a resolution of the Board of Trustees/Directors or at the AGM. Trustees will resign on a rotation basis, but can be re-elected at the AGM. During the Financial Year, all Trustees resigned and were re-appointed on the AGM in January 2020 and again in January 2021. Ob"ectives and Activities: A summary of the objects of the charity as set out in its governing document: The charity's objects as set out in the Articles ofAssociation agreed on 16 September 2011 and accepted by the Charity Commission are as follows: (1) To advance the education of the public in the subject of Hungarian Culture (language and literature, music, art and craft, folk dance, history, etc.) in particular, but not exclusively, amongst families with Hungarian connections in the Surrey area. (2) The prevention or relief of poverty, sickness and distress amongst families with Hungarian connections in Surrey or nationwide by providing grants, items and services to individuals in need. Summary of the main activities undertaken in relation to those objects: The charity achieves its aims through delivering regular educational sessions of Hungarian language and literature, folk dancing, singing and music, history, traditional art and craft to children aged 0-18 years as well as to adults who wish to learn Hungarian as a foreign language. There are also regular music, folk music and dancing, puppet show and poetry events, as well as educational trips to museums and botanical gardens open for all people from the wider community. Members with financial or other disadvantages can participate in activities free or at reduced price to ensure events and educational sessions are open to all. The charity also provides support and advice for people in need and aids personal development and employability through volunteering opportunities and coaching. The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit.
Achievements and Performance The Charity had 170 beneficiary members representing individuals aged 0-80, many of them families with 1-3 children. They represent all segments of society from Surrey, Hampshire, Sussex, London and the Home Counties. There were 3343 beneficiaries (members and non-members) who took part in the HCA'S activities and events in Guildford and London in this financial year between September 2019 and August 2020. At the start of the COVID pandemic in March 2020, the Charity suspended its face-to-face activities and provided most of its services online, combined face to face activities with virtual, maintaining a steady membership and even reaching regions elsewhere in the UK. There was a significant decline in the number of re-enrolled families in September 2020 due to the fear of contracting the virus and those families are yet to return to the group and some families found it hard to engage in online activities so we anticipate a significant challenge in re-engaging with these families. Despite the pandemic, significant numbers of new families joined us during the on-line operation from all over the UK. Education Our unique Hungarian Cultural Identity Programme (HCIP) entered into its 10th year and we th celebrated the 10 anniversary of the foundation of the charity with a number of events during 2019. We benefited from working in partnership with St John's Centre Guildford, St Thomas of Canterbury Catholic Primary School Guildford, Hungarian Cultural Centre London, St John's the Baptist Catholic Secondary School Woking and St Stephen's House London. The HCIP delivered educational activities in 6 age groups: 0-3, 4-5, 6-7, 8-10, 11 + adults in Guildford and London, with fortnightly face to face sessions between September 2019 - March 2020, weekly distance learning support in April 2020, weekly on-line sessions from May - July 2020 and educational trips in August 2020. Sessions are ranging from 40 - 120 minutes/week and cover: Hungarian language and literature, singing and music, folkdance, traditional craft, free play and library, delivered by 6 teachers and 4 volunteers, between 10.30 -14.00 on Saturdays on 20 occasion/ year face to face in separate rooms or on-line in the learners, homes. Total number of sessions per child were 70-100 this year, for approximately 60-100 learners this year. They also benefited from our excellent teaching resources including a Hungarian children's library, traditional folk costumes, and laptops. All school aged learners received a free learning pack at the beginning of the year. The 15+ group were preparing for the ECL exam that was unfortunately cancelled due to the pandemic and is yet to be rearranged. This group was following the ECL curriculum. The 6-7 year-old group focused on learning to read and write in Hungarian using a method developed by one of our teachers, using the foundations of the phonics method. All age groups participated in singing and music, language, folkdance, craft free play on each teaching day. The organisation offered a series of monthly Kodaly-based music sessions on 6 occasions for young children (aged 0-5) and their families at the Hungarian Cultural Centre in London. Throughout the year, HCA offered Open Days where new families had an opportunity to try our educational sessions. Between May and August 2020, 1058 children and adult participants benefited from our on-line sessions and educational trips.
Events Along with the teaching programme, Hungarian cultural events play an integral part of the HCIP. We delivered the following events: In September, the famous Hungarian writer Balint Agnes's well known and loved children's stories about "Mazsola és Tadé" were performed by Ametist Hungarian Puppet Theatre to the amusement of children and adults alik., We were honoured to welcome the granddaughter of the writer at the event. In October, the 5-member Kolompos Ensemble visited us from Hungary giving a splendid Hungarian Folk Concert and Dance event. They entertained our families with traditional Hungarian songs and dances from various regions of Hungary celebrating the Harvest, together with making some "wine" with our families using a traditional grape press. Also in October, the Solti Gyorgy Youth String Orchestra visited us from Budapest for the second classical music concert for children. The orchestra also played at two local schools in Surrey and over 800 students and teachers benefited from their fantastic playing at St John the Baptist Catholic Secondary School Woking and St Thomas of Canterbury Catholic Primary School in Guildford. The Orchestra performed at an open event at St Stephen's House in London. The events were attended by Lady Solti and the mayors of Woking and Guildford and representatives from the Hungarian Cultural Centre and the Hungarian Embassy. In November, we commemorated the 1 Ooth anniversary of the death of the celebrated Hungarian poet Endre Ady. Ibolya Mészaros performed a touching monodrama based on the diary of the poet's young wife, Csinszka. In December, we had our eleventh St Nicholas Day Celebration, where a Hungarian Puppet Theatre performed a traditional winter tale, and the children and parents sang traditional Mikulas songs and recited Hungarian poems together. Traditional food and drinks accompanied the evening, and the children received their traditional gift bags from our Hungarian Santa. In February, our patron Vilmos Gryllus, award-winning singer-songwriter gave his fifth Children's Concert to a full house. the night before he sang a collection of Hungarian poems to our youth groups teachers and guests for the fourth time. In March, we were able to organise a folk dance house event in Guildford with the Folktone Band, where dancers were arriving from London, Reading and the South-East. English and Hungarian participants alike enjoyed learning dances and songs from Transylvania and then dancing until the late hours of the evening. In March, to mark the National Day of 15 March, 5 children aged 8-18 and their teachers were preparing to perform songs, dances and poems at the Embassy of Hungary in London to celebrate the anniversary of the Revolution in 1848-49. This event was unfortunately cancelled by the Embassy due to the COVID-19 restrictions introduced by the Hungarian government the same week, but the performance still went ahead with the parents and children as part of the regular teaching events on 14th March. This was the last face-to-face in-door event the Charity was able to organise in this financial year and was accordingly an important marker of community cohesion. Due to COVID restrictions, all further events were cancelled until the summer, when the relaxed restrictions permitted an outdoor excursion in August (with observation of the pandemic guidelines) for families living near Guildford in Stoke Park. This provided a much-needed boost to the HCA community spirit and permitted families to exchange ideas and relax the pressure that the pandemic placed on families with small children.
The Guildford Hungarian Folk Dancing group for young people and adults held three workshops where a new region's heritage was discovered by participants.They learnt new folk songs and dances from Magyarlapad under the guidance of Imre and Panka Herman who delivered the workshops in London and Guildford. The charity continued to collaborate with other UK-based Hungarian schools (Birmingham, Bristol) on events. The organisation took on the role of a mentor for a Korosi Csoma Sandor Program (KCSP) grant holder, who arrived in October 2019 and worked with us 20 hours per week to support our operations, giving particularly valuable help in producing distance learning materials for our children and families during the first lockdown. Both educational and cultural projects were supported by the Bethlen Gabor Alap foundation that provided vital financial support to deliver such high quality Hungarian cultural events in Guildford, Woking, London, Bristol and Birmingham. HCA provided bursaries of up to 100 % to families in difficult circumstances to ensure financial means do not limit access to its activities. The organisation has shown its resilience during the pandemic to maintain both the quality and frequency of activities, and keep up a sustained community spirit. These activities have continued in the 2020-2021 financial year
Financial Review In this financial year the charity's turnover was £34,671 (2019: £43,706) In this financial year, although the turnover has reduced compared to the prior year, the Charity was still able to improve its financial health while maintaining its level of activities. Reserves at the end of the Financial Year stood at £14,936 - an increase of £3,881 since last year- although of this reserve, £3,789 was only received by bank transfer in October 2020, after the closure of the financial year. The healthy financial position enabled the Charity to maintain the fee structure introduced the year before. This level of reserve was agreed on the AGM in January 2021 to be maintained at this level due to the uncertainties of the pandemic as this still does not fully cover the annual cost of running the Charity, should income steeply reduce in the future. A small proportion of the reserve may be used for organising online cultural events free of charge or at reduced cost in the next Financial Year that may otherwise not be financially viable. There were no funds in deficit during the financial year and the charity has no concerns or uncertainties about its ability to carry out its activities in the medium term, even if grant financing becomes less accessible. The Charity has obtained further grant financing in the Financial Year 2020121 and is confident it will continue to operate as a going concern. In the financial year 201912020, the Charity obtained grants from one donor organisation and was able to cooperate with other Hungarian schools and community organisations. The grant donor in this financial year- for the third year running - was the Bethlen Gabor Alapkezelo Zrt (Bethlen Gabor Fund Management Private Limited Company, BGA Zrt) in Hungary, responsible for the promotion of Hungarian culture, language and heritage outside Hungary. HCA had four projects funded by BGA Zrt in this financial year. Three projects started in the previous financial year and concluded in this financial year. One project for Teaching in 2020 was fully covered in this financial year but funding was retrospectively transferred in October 2020. The first grant, in the amount of £13,771, aimed to organise 5 concerts for families by the renowned Solti Youth Orchestra in October 2019. In this financial year, £6,358 was spent on travel and accommodation costs and project management against the deferred income from the last financial year. All project funding was spent by 3111212019. The second grant provided £4,110 to support regular teaching activities: this was spent on the travel costs and fees of the teachers at the school. Of this fund, £726 was spent in the current financial year, against the deferred income from the last financial year. All project funding was spent by 3111212019. The third grant was £5,480 for the organisation of further cultural events between February 2019 and March 2020. In the current financial year £3,087 was spent on artists, fees and travel as well as venue hire, against the deferred income from the last financial year All funds were spent by 101312020. The fourth grant provided £3,789 to support regular teaching activities in 2020: this was spent on the travel costs and fees of the teachers at the school and rent for premises. It was fully covered in this financial year from the Charity's own reserves against the funding approval received in May 2020, the funding was retrospectively transferred in October 2020. All project funding was spent by 311812020. At the same time - and even during the lockdown - the Charity's regular sources of income continued:
including membership fees and course fees, income from events and regular fundraising - particularly through the sale of traditional food, folk costumes and Hungarian books and toys. The Charity also continues to receive funding from corporate matching and salary donation schemes. This year again, no Gift Aid request was submitted because the amounts are immaterial. The successful receipt of the grants this year meant that for the third consecutive year, HCA exceeded the £25,000 limit for an independent assessment and will submit this Trustees, Annual Report to the Charity Commission. Further details are available in the Financial Accounts below.
THE 2019-2020 HCA Team Maria Chambers Katalin Hegedus Andrea Norman-walker Dr Teodora Perger Dora Blazsek-Dixon TrusteelDirector (Operations and Education, Safeguarding) Trustee/Director (Finance) Trustee/Director (Policies) Trustee/Director (Health and Safety, Library Manager) (until 101312019) Trustee/Director (Library Manager from 101312019) Patrons Dr Beata Paszthy Dr Ilona Gallné Groh Veronika Marék Vilmos Gryllus Margaret Olivers Kolompos Ensemble Former Director of the HCC London Head of Ringato music foundation, Forrai Award winning music teacher Janikovszky Éva Award and JozsefAttila Award winning writer Kossuth Award and Prima Primissima Award winning singer- songwriter Chairman of the British Kodaly Academy, music and Montessori teacher Hungarian folk band Operative Team Maria Chambers Niki Cseh Katalin Hegedus Judit Horvathy Katalin Vincze Péter pai Toth Rita Kardulesz Session Leader- Music and Language 0-5, Music 5-11, Folk dance Session Leader- Kindergarten Session Leader- Language 5-7, Folk dance Session Leader- Language 7-9 and 10-14 Session Leader- Language 7-9 and 10-14, Adults Session Leader- Language 15-18, Adults KCSP grant holder- Teaching Assistant
Financial Accounts as at 31 August 2020 - Hungarian Cultural Association Registered Charity in England and Wales reg. Number 1144110 Company Limited by Guarantee in England and Wales, company number 7606402 Prepared in accordance with the special provisions provided for smaller companies by Part 15 of the Companies Act 2006 and the Charities SORP (FRS102) guidelines for charities. For the Financial Year ending 31 August 2019, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accounts give a true and fair view of the state of affairs of the Company as at the end of the Financial Year and of its Profit and Loss for the Financial Year in accordance with the requirements of Sections 394- 396, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company. All figures rounded to the nearest pound (£). Balance Sheet urr•nt Flnanclal Y•ar {15•plb•r 2019 . 2020) Jnrnstrlctsd fundi 1 August Prlv Flnanclal Y•ar11 5•pl•mb•r 2018 - 31 Au9U5t 2019) alance Sheet R88tr1ctsd fundg Total R•8trlct•d fund8 Unr•?trlctsd fund• Total ssets Fixed Asg8tS otal Flxed Assets ebtors Accounts Receivable Provision for Bad Debt5 ash and Bank Account Current bank account Petty Cash otal Current Assets 1,400 1,400 1,400 1,400 2,451 2,451 2,451 2A51 1) 3,789 3,789 3) 4) 11,178 79 11,257 11,178 79 15,046 10,171 10,708 10 10.718 20,879 10 20.890 5) 3,789 10.171 otsl Assets 5,189 11,25T 10,440 12.022 10,718 23.340 labilities due within one year; ayables Cheques Issued, not yet cleared Accounts Payable Reserve for breakage Deferrad Incom• Tax Payable Totsl Current Llabllftles 209 209 7) 7) 410 200 900 410 200 900 200 1,705 200 11,876 10,171 9) 8) 1,510 9,747 9,747 1,510 13,536 14,936 10,171 2,114 8,604 8,004 12,285 8,604 11,055 et Current Assets before Accruals 3,789 5,189 otal Assets les5 Current Llabllllles 2,451 labilities due after more than one year 6) et Assets 5,189 ,747 14,936 2,451 11,055 harity Funding Available (Capital and Ro58rv85) hare Capital etained Eamings Retain8d eamings from currant yaar (P&L) R6tained eamings from previous year Transf•r of reserves 11) (1,050) 2,451 3,789 4,931 8,604 (3,789) 3,881 11,055 2,451 5,987 2,617 8,438 2,617 Ica Reserves 746 10
Statement of Financial Activities (Profit and Loss Account) Current Flnanclil Year {1 September 2019 . 31 Augu8t 2020> Cwrort Flrnncl•l Year11 SeF*•rer 2018 - 31 August 2019) tstement of Flnanclal Actlvltles Restrlcted fund• 'Jnro8trlct•d fvnd: Total R•8trlct•d funds Unr•Jtrlct8d fund8 Total ncomlng Resources (Turnover) ncomin Resources from Generated Funds Inthind Volunte8r Hours In Kind Donations for Sale Donations and Other Incomo 1,150 20 1,747 1.150 20 15,707 1,770 47 2,363 1.770 47 24,372 14) 14) 12) 13,960 22,008 ncomin Resources from Charitable Activities Fundraising Income Event Fee Income Course Fee Incom8 Professional Services Provided Membership Fee Income otal Incomlng Resources (Turnover) 13) 4,389 4,278 8.647 4,389 4,278 8,647 4,527 4.131 7,624 700 535 21,697 4,527 4.131 7,624 700 535 43,706 480 20,711 480 34,671 13,960 22,008 esources Expended (Expenses) ost of Fundralsln Actlvltles In kind donation - cost of fundraising activities ost of Fundraising Activities - Bufe Expenses ost of Charftable Actlvltles eaching Fees anagement Fees n-Kind Voluntaar Hours eaching Materials ent olunteer3 Expenses rtist PerfomiancelProfessional Fees arketlng and Adv8rtislng Costs ravel and Entertainment Insurance Premiums epreciation her Expenses otsl Expenses 16) 20 1,532 20 1,532 47 1,815 47 1,815 4,311 2,215 756 5,603 1,150 758 2,519 221 292 98 1,611 5,088 7,818 1.150 758 2,687 221 3,083 98 5,998 1,655 860 1,822 4,670 1,770 875 746 280 440 152 2,059 280 3,477 5,530 1,770 2,610 3,033 280 2,745 152 11,974 280 700 855 35.268 1,736 2,287 168 2,791 2,305 4,387 9,915 1,050 88 15,010 1,050 1,307 30.790 700 99 19.557 1,219 15.780 755 15.711 et Incomln Resou Neto eratln Inco 050 451 986 ncome related to Investments and Financial Activrties xpons8s r8lat8d to Invastments and Financial Activiti et Proflt before Tax relatlng to Ordlnary Actlvlti orporate Tax Payable Proflt on Ordlnary Actlvltles after Taxatlon (1,050) 4,931 3,881 2,451 5,986 8,437 (1,050) 4,931 3,881 2,451 5,986 8,437 Pr the anclal Y 88 45 986 11
Summary of Fund Movements Outline summary of Fund Movements - Current Year (2019120) Opening Balance Incoming Resouces OutgoirrfJ Resources Gans/ Losses Transfers Carried Forward restricted FUrS 20T11 157T9 4931 .789) 9747 Restncted FurKIs 2451 13960 15010 (1,050) 3789 189 ErKk)wment Funds Total Furhd Movements Current Year 11055 34671 789 3881 14936 Outline summary of Fund Movements - st Year (2018119) Openiry Balance Incomi Resouces Outgoing Resourc Carr Forward GainslLosses Transfers Unrestricted Funds 2618 21697 15711 5987 ReStrted Funds 22008 19557 ,451 2451 Endowment Funds Total Fund Movements Current Year 2618 43705 35268 8438 11055 Trustee's Annual Report and Financial Accounts approved by the Board of Directorsrrrustees on 3rd May 2021. Signed on behalf of the Board of Directorsrrrustees: Katalin Hegedus Director / Trustee Maria Chambers Director / Trustee 12
Notes to the Accounts for the Financial Year ending 31 August 2020 Hungarian Cultural Association Registered Charity in England and Wales reg. Number 1144110 Company Limited by Guarantee in England and Wales, company number 7606402 Prepared in accordance with the special provisions provided for smaller companies by Part 15 of the Companies Act 2006 and the Charities SORP (FRS102) guidelines for charities. All figures are rounded to the nearest pound (£). The Accounts show a true and fair view, and were prepared on the going concern assumptions and using the accruals concept and provide information that is relevant, reliable, comparable and understandable. Financial Review Policy on reserves: The charity aims to hold the equivalent the running costs of three school terms (c. £15,000) as reserve due to the uncertainties of the pandemic. The reserves reported in the Accounts have reached the target level, and are now expected to be maintained. A small portion of the reserves may be used for online events at reduced cost or free of charge that are not otherwise financially viable. Details of any fund materially in deficit and the circumstances giving rise to the deficit and steps being taken to eliminate the deficit: The Hungarian Cultural Association has not had funds in deficit at any time during the financial year ending 31 August 2020. Funds held as Custodian Trustee: The Hungarian Cultural Association does not hold funds as Custodian Trustee. Detailed Notes to the Accounts: 1. Fixed Assets The Company has a policy to only capitalise assets with values in excess of £500. In the previous financial year 2018119 the company purchased 8 laptops from the BGA Zrt grant for the Digital Hungarian School Although the individual purchase value was under £500, the Trustees decided to capitalise the assets and depreciate them over 3 years. The purchase was made from a grant which contains certain restrictions, so the assets are shown as restricted assets. Original Cost of Fixed Assets: £ 3,151 Cumulated Depreciation: £ 1,751 Net Balance Sheet Value: £1,400 The resale value of all teaching materials currently in use by the Company but shown at zero value on the Balance Sheet is estimated at £2,500 and consists of around 250 library books, teaching reference books and teaching materials, 50 sets of folk costumes for adults and children, musical instruments and children's toys. 2. Stocks The Company does not capitalise any stocks purchased and therefore calculates no revaluation or depreciation. Stocks, if any, would be valued at the lower of cost and net realisable value. 3. Debtors £3,789 Bethlen Gabor BGA Zrt Teaching 2020 grant was received by bank transfer in October 2020, 13
after the accounts were closed. This was in agreement with the grant donor and the amount was not treated as overdue. 4. Provisions The Company has no activities that would require any Provisions. 5. Financial Assets The Company has no Financial Assets other than a non-interest-bearing bank current account for transactional purposes. 6. Creditors over one year The Company has no long-term financial or other liabilities. 7. Creditors within one year Payables of £410 relate to August Invoices paid in September. Reserves for breakage relate to a deposit cheque of £200 held by St John's Centre and it expired in September 2020 as the Company no longer uses the premises. 8. Tax The Company is not subject to Corporation Tax as all its activities are exempt under Charity tax regulations. The Company has no employees, therefore it pays no PAYE and Nl contributions. 9. Deferred Income £900 relates to course fees an event fees paid in advance in August for the term starting in September 2020, and deferred for the following financial year. None of these pre-paid fees had to be refunded and were realised as income in September 2020. 10. Prepaid and Accrued Expenses There were no prepaid and accrued expenses this financial year. 11. Capital The Company has no share capital, as it is registered as a Company Limited by Guarantee. The total amount of guarantee is £30. 12. All donations were received from BGA Zrt and relate to four separate grants, as detailed in the activities section of the Annual Report. 13. The main source of unrestricted income for the organisation is from its regular courses and events as well as the membership fees received. The Company also conducts fundraising activities (e.g. Hungarian food buffet, book and folk costume sales), all related to Hungarian culture. 14.The Treasurer (Katalin Hegedus) contributed 115 hours of professional management, accounting and financial services in-kind. These services were considered at a value of £1 Olh. additionally, approximately 400 professional hours were contributed in the course of the financial year by volunteers in teaching, operational and administrative services, event management, catering and other services that had not been tracked and therefore were not accounted for. Volunteer hours for non-professional services are not represented in the accounts but have exceeded 400 hours in the year. Cakes and books donated for sale and eligible for Gift Aid were recognised at a value of £20. Other in-kind donation of books, toys, provision of travel, storage and other services not eligible for Gift Aid were not represented in the accounts but exceeded £1,000 in total value. 14
- Donation and Other Income includes the following major items Katalin Hegedus, HSBC Employer's matching scheme: £1,000 Reimbursement of travel costs by third parties - Hungarian Embassy, BGA Zrt and others £466 16.The Company's major expense line items are below. Fundraising Cost of Sales (buffet and sales items): £1,532 Rent: £2,687 Professional Fees for Performing Artists: £3,083 Fees paid for the teachers, all of whom are self-employed and work on a fixed-term contract basis: £5,068, of which £1,650 represents related party transactions. Management Fees: £7,818, of which £6,943 represents related party transactions. Travel costs for Performing Artists: £505 Travel costs of Teachers and volunteers: £1,208 Details of the expenses are given in the Profit and Loss Account. All costs were attributed to the activity where it was incurred. Management fees and teaching fees were tracked based on actual hours spent on the activity. For related party transactions including Directors, Remunerations as permitted by the Articles of Association and agreed by the Board of Trustees see the below table. 15
Transactlons wlth trustees and related partles If the eharlty has any transaetions with relatedpartles (other than th• trustee oxpenses explalned1tr7 quldance notes) detalts of sh transacdons should b• prnvided In thls not•. If thorn arn no transaetlons to rnport pl&• ont•r "Trne- In th• box or "Fals•" If thorn arn transactlons to rnport. Trustse remuneratlon and nefftS Thls year None of the trustee5 have been pald any rnffluneratlon or recelved any other b•neflts froffl an employment whh thelr charity or a related entlty (Tru• or Fals•) FALSE the porlod the charlty has pald trnsteos romuneratlon and ben•flts. Please glv• the amount of, and legal authorlty for. any rnffluneratlon or other beneffts pald to a trust•• by the chaflty or any lftstltutlon or company connected wlth IL Amounts pald or benefft valu• Legal authorltylgg ord•r, governlng doeum•ntl R8rnungratlon P8Mlon contrfbutlon Redundancy {Includlng10gs ofofficeyax grada Other TOTAL Nam• of trust•• Artlcles of A8sociath)n and Management Contrxt ArtlcleB ol A••oclatk•n •nd Te4chiAg CoAtract Marla Charnb•rs 6,943 6,943 Maria Chamb•rs 1.650 1.6fJO Pl•aso gfve dotalls of why rnmunoratl¢)n or other •mploymont benefits wern pald. Wh•rn an ex gratla paym•nt has been made to a trust••, prnvldo an oxplanatton of tho naturn of tho paymonL Ifa thlnl party has b••n relmbursod forprovldlnq on• or morn trnsteos. stats tho naturn of th• paym•nt and amount of th• rnlmburn•m•nL State the numb•r of trnst••s to whom r•tir•m•nt b•n•fits arn aecrulnq und•r a d•fln•d eontrlbutlon p•nslon La y•ar Non• of th• trust••s hav• b••n pald any r•mun•railon or r•c•lv•d any oth•r b•n•flts from an •mploym•nt wlth th•lr charfty or a r•lat•d •ntfty {Truo or Fals•) FALSE the p•rtod the charlty has pald trnsto•s rnmunoratlon and noflts. Pl•ase glvo the amount of, and logal authorfty for, any rnmuneratlon or other boneffts pald to a trnstoe by th• chartty or any Instltudon or company connKtod wlth IL Amounts pald or hnefft valu• L•gal authorlty l•g ord•r, governlng docum•ntl Remuneratlon Pernlon comrlbutlon Redundancy (IncludlThg loss of offlceyex graila Oth•r TOTAL Nam• of trust•• Anhcbes of AssociatiOA Marfa Chamb•rs 4.935 Contrxt ArtKles of Ass¢xiatthi 4.935 Marla Chambers 1,020 1.020 Please glv• detalls of why rnmunwatlon or other •mploym•nt bonofits worn pald. Whern an ex qratla payment has been made to a trnstoe. prnvldo an explanation of the naturn of the paymenL Ifa thlrf party has boen rnlmburned forpmvldlng one or morn trustses, state the nature of tho paym•nt and amount of the relmbursement. State the number of trustees to whom rntlromont bmeffts arn aoGrnlnq und•ra dofln•d contrlbutlon ponslon sch•m•. 16
Trustees. expen8es the charty has paid trnstees expenses for fvlfilllng thelr dutlos. detalls of sueh transactlons should h prnvld•d In thls not•. If thern arn no transactit to rnport pl•as• enter "True" In tho box below. If thern arn transxdons to rnport please enter "Falsa". No trustse expenses have been Incurred (Tru• or Fals•) Type of exp•ns•s r•lmbursed Thls year Last year Travel Subsist•nc• Accommodatlon Oth•r (pl•aso sPecy). 779 1.328 60 TOTAL 925 1.388 Pl•as• provld• th• numb•r of truste•s rnlmburs•d for •xp•ns•s or who had •xp•ns•s pald by th• charlty Trangactlon{3) wlth related path$ Please glve detslls of any transactlon undertaken by (or on behalf OQ the chartty In whleh a rdated party has a materlal Interes¢ Indudlng vthern funds have been held as agent for rnlated partlos. If there are no such transactlon3. please •ntor true, In the box provId. Thlg year Th•r• hav• b••n no r•lat•d party transactlons In th• r•portlng p•rlod (Tru• or Fals•) FALSE Nam• ofth• trusts• or r•latsd party R•lallonshlp ) charlty D•scrfixkM of th• transactlon15) Balane• at rlod •nd Provlslon for bad d•bts at p•rlod •nd Amount Amourrt5 Wr•n off durlng reportlng perlod Marla Chambers Plrchases rn&le Ixhal Oft Chan Pirchases mrAle tehal of the Chan 'rectorffnJstse 3,077 Katalln H•godus Directorffru¥te• relatlon to the transactlons above. please provlde the terms and condltlons, Includlng any s•¢urfty and tho nature of any payment (eonslderatlon) to be provldod In settl•mMt. These tran5ations were in relation lo the Frtwchase of items Ihat require creijl cafd. The chafity cannot have a cretht card as it only pemwts transactn5 with dual 51gnature. The expense forms ale checked by anoth8r Trustee before r81mlr5eM0nt. Exp8ns05 are r8inAW50d at cost. For any related party. pleasa provldo detalls of any guarant8 glvon or rneelvad. Last year Th•r• hav• b••n no r•lat•d party tran5acilons In th• r•portlng p•rl¢)d (Tru• or False) FALS Nam• of th• trus1•• or rnlated party R•lailonshlp charlty D•scrfObn of th• transactlon(s) Balanc• at perlod •nd Provlslon for bad d•$ at p•rlod •nd Amount Amounts wrltt•n off durlng r•portlng p•rlod Marla Chamb•rg Purcha8aJ m&lo tehal of the Chan PUhaS08 m&le l*hal oflkn Chan DlrectOflTrustee Katalin Heg•dus 'reciorffrustee relatlon to the transactlons above. please pmvlde the twms and condltlons, Includlng any 3Kurtty and th• naturn of any paymont (¢onslderatlon) to be prnvlded In s•ttlomonL These transations were in relation lo tho wrchase of rtoms that roquire credit card. The charbty cannot a cre(lit caftl as it only pemwls transactions Wbth thal signatufe. The expenso fNms are chécked 0th01 TNst8e befDre re1mlrS9Menl. Expons85 we r8imtxKsed * cost. For any related patyj please provldo detalls of any guarantees glven or recelved. 17
51812021 Scan 20210428.png CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of HUNGARIAN CULTURAL ASSOCIATION On accounts for the year ended 3110812020 Charity no.: 1144110 Company no.: 7606402 Set out on pages I report to the charity trustees on my examination of the accounts of the Company for the year ended 3110812020. As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as Garried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. Responsibilities and basis of report Independent examiner's I have completed my examination. I confirm that no material matters have statement come to my attention (other than that disclosed below ') which gives me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not aGcord with such records. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no COnrnS 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. Please-delete the words in the brackets if they do not apply. Signed: Date: 2011 IER
51812021 Scan_20210428 (2).png Name: PETER SIMON DAVEY Relevant professional qualification(s) or body (if any): Address: 19 THE RIDGEWAY FETCHAM SURREY KT22 9BB Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disGlose. NONE IER