RECISTERED COMPANY NUMBER.. 07899282 (England and Wales) REGISTEREDCHAIUTY NUMBER: 1146589 f rthe Year EThled 31st OD Ac¢ountrmts Ltsl 7A Ezra Street London E2 7RII 'AD8T40W* 17109r2W24 COMPANIES HOUSE A19
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¢Fi ial Stat met) for the Year Ended 31st December 2023 Page Report ofthe Trusttts Indyndent Examin&s Report Swement of Fin¢18] A¢uvi(ie5 Balance Sheet NotCS to tk Financi Staietnents I I to 16 Detailed Sratement of Financial Activitie5 17 18
Tht Soho ScKi ear Ended The trystees who aT¢ also direll of the charity for the pwp)ses ofthe Comwiies Aa 2006, Frsenr iheir rewrt with the financial siatements of the (tsity for the year ended 31st DeeembET 2023. The trustees have adopted the provisiorts of Accounting aThd ReFlg by Charities." Stsiement of Recommended Practice applicable to charit>es preparin8 their accoun¢s in accordan¢¢ with the FinarKi31 RepLKling Standard applicable in the UK and Republi¢ of Ireland IFFiS 1021 {effective l January 2019). 0ECTIv AND ACTIVITILS BacJ4ground Soho is a remaable ¼ of a 5quarc mile with a rematkab]e history. From around the end of the sevcntttnth century it already an ¢stablished residential district and ha5 housed such lumirwics as Kawl Mwx. caSavI Catlaletto, William Blake. Isaac Newiorj. Ch Jthnson and the gr cornp05er5 Haydn arbd M07art. The Soho siety w&% formed in 1972 to make Soho a better plxe io live. WO or visii. Within a few month5 jt hJ gained fom)al Consul1Ve ststus wilh Wesmiinster City Council on all plaming. licensin& traffJ¢ and VirO1entr] marteTS. Very soon. the Sc<iety pusthjed W¢stsninsi¢r City Council to make S(tho a conse10 Area - with the intention of tryin8 to Prevent the demolition and the nSeqUeNt loss of the ¢XiS¢ing Tesidentiai and bus155 communities. Tposes and aims The charity's purposes as set in the objective5 contsined in the ¢LNnFQny'S menwdndum and articles of &sswiaison To promole the fiJrthEr environmcntal irnprovernert of Sokn by •)agIng high stsndards of plannin& architectur4 ar¥J licensin& To eduuie th¢ public in th¢ geography, history. natural hi5t¢xy and architecture of the aro 8TrJ To secLwethe ¢S£Iall. prowiw, developmentand improvemeni of fe4wre5 of histtxi¢ or public interest in the aTea. We have a fonnal eonsultive role We51mirL5ter City Council in re]atioll to all Plam)ing and Licensing applications in Soho. We ¢th)rdinate and rqxese¢)t the views of residenLS and blTreSseS ITh our community. We provide advice. participa¢¢ in particular issues ar carnpaigns. drnw ¢og¢thu aThl share it)forn)a(ion and views about events and i5sue5 in Soho and generally m&ke use of our variou5 Communi110 In shaping our obj¢clives for the year artd planning our xtivilie5. tht TrLt5tccs have considered the Cjbarity commissic'S guidance on public bencfit. includingthe guidance.bliC iwL¢fiI: rwining a ¢harity (PB2)" The Society relies ort volunteers for it5 al¥l(le& with rAid administr1Ve support from a contra¢¢oT. Anna Doyle, t the preparation of the agenda fo¥ our monihty plIng medings. We once again acknowled8e the invaluable advice and 5UPPOrt from Richard Brow of We5thJiTtsteT CAB. The continuing voluntsry WO covels a wde rnnge of acuviiies including contributin8 t a helping to distribjte our quarterly magazine. reviewin8 planning and licensing application& putting ot) evet)s, parti¢4Jl4rly the Fete- and liaising wilh stskeholders it) the residential and business communiti4 with other amenity and rWe5¢nIvt gTOUPS and with Wt51mirbSt¢T City Council.
ort of the Tril lee OWECTIVLS AND ACtIVlTIES Achievernents and perfornance during the year 2023 As Tesiric¢ions were litted in January 2022 OLtT liVitie5 returned to nonnal with in pewson planning amd licensing meetings returning over lime. We rdn the Village Fde on Swiday 10 July 2022 hwl our AGM on 22 sePrnber. The key event of the year. which has imtActed much of the &xieWs Work. the elections on 6 May 2022. The Society 13ri a well-attended hustings jointly with the MaryleiM)n¢ Asswiaiion the Fituovia Nei8hbourhrx)d Association in which each of the Lakjur and Corb5CTvative Candidate5 for the West End Ward fxtd questioths from Soho residents. Many quesiions w¢r¢ asked the council's plans to rnakt the Al FTe5CO scheme PEnnaneni and 115 Vt5ion for Soho proposals. The election re5uII Saw a change in contml of the ¢oun¢il with JJbour taking control for the firs1 time in the council'5 hisiory and thrtt IAbour candidate5 rebjrntd for the West Ermj Ward. The new L8bouT administration ar Ihe council abandoned (h¢ proposed rettsm of Al Fresco and the Vision for Soho prop)sals were put on hold. The council has s¢artoJ a process to make changes io the City Plan and Is now a]so sthrting the process of canying oui its cumulative impact &5sessment. The soety's planning and licensillg gTOUPS e Closely engaging with the 1¢11 on thes¢ issue& We are very ¢on¢emed aboui prop)sa]s in th¢ Govern5 Levellin8 Up and Regeneration Bill which make the pavemerbt licensing glIne Intr(uced during the pandemi¢ pemwieni. Also of ¢o]w¢m •¢ ¢hanges to regularory ements deregulariTh8 off-sales. The Society has re5F and inviled other residts, group5 to dts 50. The sIety caTrityJ ou¢ a t1$¢ surw in Sep1 2022 whKh i111 th Soho $dents face serious health and wellbcing i5SiK5 With noise at night causing 51ecp (kprivion night after night. We also held a numixr of publi¢ meetin. This information has been shared with the couneil and will. horK. inforn) its review of cumulative impact. The council has also started a tertr process io appoint ¢onsultsnts to carry out a detsiled on Th)ise. air quality and traffic in Soho whirh we welcomc. We Continue io ask the COU11 wiovsly the adveffx imp of Sleep deprivati Cau by environmental rM>i5e in Soho at night. Capiial and Cwniies SIleSbury announced a rnerger in May 2022 which wa5 complet on 22 Fcbruary 2023. The ombined cntity contro15 between and of all Tetsil rental ptoperties in Soho and trtwttn 50% and 600A of "Carnaby.. Irs development plans will likety continuE to have a slbifiCrt on Soho over time. Pa8e 2
The Soho Soci for ihe Year Ended 31 December 2023 O&JECTIVES AND ACTIVITILS Planning In 2022 we continued to meet monthly. usualty in a hytxid forni with some mernbETS in the Tower Room and otheTS joining on Zfy)m. On th¢ whole, this worked well. and il certainty eTthled gater wi¢iWiW by gTOUP meinbers. We considered 371 applications in the yew. W¢ objeckd 10 65 117.5QAI and made sugge51ionslcomments foT 3419.2°hl- The number of applicatiorb5 w&$ slightly up 2021. although thtte were JK) t)ew major redevelopment projects other than the Tesco siie (see below}. Our main C(cernS centred on applications which were likely adversely affect residential nenity. heritsge. alld accessibility on Stho stre¢ts. We continued to sUprt residents ¢Jn sprcifir appliutions whete )ssible, and we also engaged with a number of appliunts who appToache)J us for wr views priow to 5ubmittin8 applications. Council eleaiws in May led (o a charbge of thini5tration at We51miDster City Ho11. The new Labour authority sour¥Jd more 5yMpathetic to issues that the Society has champi( bjt it will tskc tirne to bring aix)ut ¢hinges in policy and prxticc. The dfcision to halt tk 'Vision for Soho, process was wel&)med. and we l¢yJk forward to fyre consideration of sorne of the i5sue5 raised oncc acouncil dats gthring PTOJe has l¢¢n Compl&. Licensing Th¢ Li¢¢nsing C(Anmittee examit)es all applications for premise5 that have previty had a li¢eK¢, and ¢xren5ions of existing li¢en<ts to ler inio the nighL Every new alcohol licence granted by Westminsttr Council. or Wling of eXed hours, adds lo the number of people drinking alcohol and brings mor¢ - often inebriared - tople on io the alrewjy crowded 5trttts of Soho. The cmUlatiVe impact of thi5 can be more criyrK. 5omctime5 vKJlcn( noisedishJttAnce, and general UnpIcntneSS on ¢Mw strcets. It is worth notin8 that wc do not obicct to SIgroTh rtnewals of Ii¢•K¢S. wch &$ sex tertaInMe[bi licences for ¢stsblished venu¢s where there is no history of i55iies. If local residents or busirKsses, the Soho Society, Poli4 or th¢ Enwronmentsj Health Officer. btliEVt there aTe eniial adverse effeets to the ming. extension or of a liceD¢e and submit their cwcerns, the appliclon goes to a wel of three Councillors (ts¥o from th¢ maionty aThd i)ne from the minority party) to make a d¢¢ision on whether or tLOt to 8fdTht the applicanl's reiyiest. The Society's Licensing Committee in 2022 considered 91 application5. a derrtase from the pViouS year of 109 irb Soho and including three in Si Jamc5'5 Ward for prtmises thai are li) 5ellin8 OT planning 10 5cII akohol restauran4 bars, cafes, surÈmarket5. shops, e. lil) prtynises applying for le night freshment lTrcence5'. and lili) sexual eThtertainmeni venLte licences. We are suided by Westhiinsier City Council's Licensing Policy and the Soho S(Kiety'S Licensing Mandate and, as with our Plaming Group, we continue to bE guided by the objective of making Soho a tter place to live, work and visit. All applica11$ for alcohol sales and late-night premises are exarnined and we make rEpresentatiOTLS to apply f¢x li51n9 hours outside Westtnirh5terfs LicensiDg Core Hours Policy and those that we Ftlieve may have a negative irnpact on Soho. Representstions from residents are particularty irnportani ID highlighiing w the Licensing Sub-committee the impact on their lives of living in an orea with such ahigh numFr of licensed premise5. We submitted 31 written repreSet)lOn8 a slighi increase frrrfn the previ¢Jus ytarof 28. Of the 31 preSentatIonS.. 17 wert granted with or without arneNd 9 wue WithdTr by the applict5., the Soho Soci¢ty withdrew 2 repres¢ntations,' and l applicion wa5 refused. Thcre werE 2 licence reviews, wth one Ii¢etKe being revoked and the h¢r whEre additional conditicffj were Iiicluded on the licee. In total in 2022. 12 new alcohol licences wert granied (in pr¢viollsly unlicensed prerni5ed) increts5ng capacity in Soho by 862.. 9 ffstauran¢4 2 shops, and I latt night membus club and an event space lice4d lam and with a capachty of Page 3
The Soho SrKi f the Tru f the Year Ended OBJECTIVES AND ACTIVITIES Other appliratiolls of wue an extension io a lafe night refreshment Itcenc¢ in a resthuMI Friday - Sanjrday uThtil 2am, and a restsurant I cabaretl theatrt grar)ted a sexuaj r1meThI venue licence. We once agdin thank Richard Brown of WeSth)inS CAB for hi5 invaluable wjvicc aj 5Wrt to Society and residents. Other Activities In addilion io these ¢oniinuous a1vitIe% the 5wiety uth¢x the fojiowing ottr aciivities in 2021. summarwd below. Community tohesion and Ihe environment Clarion.. Our quarterly magaine, pnnts aFx)ui I51X) copies. mainly distrib by volwieets. We a150 provide an e-newslettu (approximatety rnon¢hly} and make growing yseof KKia] media. Soho Radio.. We have continued the weekly SolK) Society Hour on Soho RWJKO. wtth pmgramme5 throughout the year, including musicians playwrights, lawyegs, art gajleries. ¢. All epi5(Mle5 are availablr after bro3&ast on our website and on Mixcloud Social Evmts.. Th¢ F¢t¢ returnd io its nrmal slot in July and Vd5 again a great success. landmarks We hav¢ b¢¢n involved in a number of specific IzMpai on s]fiC woposals for imporwt landmarks and buildin8s in Soho.. TweThvdh Century How= We are Still fi8hting plan5 to dErnoli5h this iwiic 193Vs buildin8 Wlth links to the UK film indu51ry in Soho Square.. [loy LA)rtdon have withdrawm their application for dernoliti( wtth a rdained facade. It is currently U1 what the fre¢holder plans to do with the buildin8 which remains empty. Berwick Stred". The development has finally been completed with the hotel open and the shops open bur so far only with tcmw)rary pop-up tenants. They have been noise ISS1 some of the premises &$ everbts with amplified music have been held. It's likely that 2 of the units will seek a rtstauTanL perniissioTh and we remain concerncd about the iTnpac¢ on residents of 2 new Tesraurdnts and the noi5& W1¢. and delivcries this will involve. 24 Dean Street.. At tht end of 20r2 we wete approa¢h¢d by freeholder of 2-4 Dean Street with a prop)sal for the re4J¢velopmeni of the site of the Tesco ore. We expressed concern with a numbet of 3spe¢ts of the 5theme inclltding the loss of Soho's main supernia¥k¢L th¢ loss of th¢ 1929 Art tkn building al 7 Stho Square, the massing of the r¢pla¢¢ent buildings, the creation of a new tntrarKe into Soho Square arxl the enviwnmentai impac( of demoliiion. The scheme that has now gone into planning remairks broadly the same though the increased accc55 to the SquaTe has been reduced. A r)umber of small changes to tht Wtslrninstu City Plan have ittn w(wsed ith¢luding thanges to th¢ rules on demolition and refvrbishment. We responded to the councifs C4)nsulwion and await the firbal propwls. The COU11 is also prot*)sing to replxe the We5tmin5ter Way with a new supplementsry plaming document dealing Wlth the public Tealm. W¢ have involved in the we-wisUlrats" di5cu&sion% this whh may proveto Ix imponant. Health eerbtre in the Soly) Hospiial for Women.. During the p•Klernic the old Wdlk in Centre on Ihe ground floor of ihe Hospital w&$ used &s a reception area for Ii)caJ people SuSpj of having covid, and an upFr floor f(K training NHS workers. The phamiw has now Tewmed and the GP5 have returned with fact to face appointsnents aga]n. Page 4
ort of the Trustees OWECTIVES AND AcrtVlTIES Future of Soho Soho Neighbourhood Fonjm.. We led the fonnal establishment of this foTum in 2015, repres¢nting businesses and residents. The forum continued to work hard over the year, with the resulting NeighknuTho(NJ Plan having passed its referendLfft) on 2 September 2021 with a rts(yJnding maioTity. The stlg grwp ¢oniinues (o mtti and is now chaired by Lucy Hatne. one of the Sc¢ietys mLgees. Its rnn area of focus is CIL projects. DuTing 2022 the Forum procured a detsiled retx)n on wL%te in Soho athl th has io the council committing 10 incre&sed resources to ensure wa5t¢ is only kft (wi on h¢dje and to consider itter and more cnvjronmrtlY friendly ways of dealing with Soho's w&ste. Al Fresco and Vi5i0n for Soho.. In 2020 ihr council el¢)sed 14 stttets in Soho io allow for QUt5idc drinking and dining to help the hospitality industry that faced health r¢stric¢](M on wjviding seThice insid¢. Thrthjgknt 2020 we encouraged the eountil lo engage ¥th residents on some of the i5sue5 that the xheme rdised. primarity nighttime noise bui also waste, access and street fouling. The c¢11 did noi MlglIY engage in our COllL%rn While we have sympathy for the businesses and the fact that the CncIl hJ quickly in the ¢mergency, our 5uppon in 2020 was ¢ortdilional ort 5¢heme being safe, well run and bein8 a temw)rdry intervention IiThked ¢0 the health Testriction5 thal prevented restaUrts from serying Cuse[S insiik. It was therefore with some fnLstration that we were tokl in Febwuary 22] that the COU11 would rtrimpose the scheme from April 2021 until Sepiemkr 2021 withou( consu]lOn and was also now pL4nnin8 to make the h¢t perrnartnt. It should be rernembered that the 5chcm¢ 14 T¢5i(knlial streets and optrated 7 days a week late into the ni8ht. The leader of the council had womised in writin8 and on Thxe than onc ¢xCa51 in 2020 th th¢ s¢hem¢ would be temporary. Following the change in administrion in May 2022 tAxh the plan5 for [antrt Al FTesco and the Vision f Soho Is have thankfully been abandoned. Memtwship MernbeTship'. Membership has suyed sady * arowid 3 members with ireased Teach and engagement for the Society via social media. We have 67) ftsllowtrs on TwitieT. I0 on Ir)strgram and 1345 on Facebook. MembeTship Membership.. We are ple&sed that we now have around 3(M) paid up rnemiw" we also have many people who follow us on ial media (C.4,5 ¢)n Twiiier, and c.700 w FacelM) 1495 on Insw. srRVCTURE, GOVERNANCE AND MANACEMENT Governing dotument The charity Is controlled by its governing a deed of aTMI constit¢S * limited company. limid ty 8uaTartte. as defined by the Companies Ac¢ 2(. REFERENCE AND ADMINIStRATJVE DETAILS Registered Cornp*ny number 07899282 (England and Wajesl Rtgist¢red Charity number 1146589 Registeyed offite 55 Dean Styeet London WID6AF
f the T sl Trustees Ms M A Bloomer Writer Ms. J t)oyk Tnjstee J Fisher-Jone5 Film Director D Gleeson Media cOnslIant Ms K L S J Haine Rrtail Director J P Levack Artbsi (resigned 2412ll024) R T Lord TTus¢ee A E Mackay Musician T B O'Rourke Company Dir¢thor R M Pier¢y Tius*¢ (resigned 2412r2024) Ms M G Tempia Trustee J Q Thompson RIred N K Clemmow It Professional Ms W HaTikastle lappoinied 24f2r2024) CompAny Setretary N K Clemmow IndepeTrdeTht Examiner Niall O'DriscoII FCMA OD Ac¢ountsllts Ltd 7A Ezra Stre London E2 7RH ed by order of the Ert)ard of trustees on... ........................... .. and on its behalf by: R T Lord- Trustee Page 6
xamtttels R The Soho Soci¢ theT Independent examiner'5 reporl to the tTU5tee5 of The Soho Soriety ('the Cornpany'l I r¢port to ihe charity trust¢es ort my examiiiatiort of the accounts olihe Company for the yearendcd 315t December 2023. Responsibilitie$ basis of ro)ort A5 Ihe charity'5 trusiee5 of the CoMpY (and also its dire¢t(Ys foT the purposes of ¢omFMrty law) you 8re resFnS1b]e for the PTeparion of the accounts it) x¢ordance with the requirements of the comleS Act 2006 Cthe 2(4)6 Act). Having sl$fied myself that the accounts of the Company are not required to ir aj11¢d uTrJtr Part 16 of ihe 2(rf)6 A¢1 and are eligiblc for indeF¢Ddeni examirtatioti I in resta of my examination of your charity'5 arcounts as CWTied out under Section 145 of the Charilits Art 2011 Cthe 2011 A¢¢). In Carrying out my ¢xamiTh*ioTh I have followed the Dire¢iions given by th¢ Charity Commission urth Section 145{5) (bl of the 2011 ACL Indepthdetht examier,5 ststtment I have cOPIct tny etsm1natl. I confimi that M rnatters have come to my attention in connection with the exarnination giving me cau% to bclievc= a¢wunting Yecords w¢Y¢ not ke0 in respect of the Company as required by Sedion 386 of the 20(hS Act.. or the x¢ounts do not a¢¢oTd wih those T¢¢d$.. OT the accounts do comply with the &cJJnting wequirements of 10 396 of the 2CI)6 Act other than any Tequiremeni that the accrAJnts give a true and fair view which is not a malter cort5ideTcd as part Of an it)dep¢nd¢ni ¢Aamknaiion- or the accounts have Njt E¢en in a¢widae wtth the Ma1 aNI prmciple5 of the Staternent of Recommended Practice for accounting and reporting by ¢harities (applicable to charili¢5 preparing their accounts in o¢¢ordan¢¢ with th¢ FirwKiai Rep)rting Slandard applicable ITh the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no oiher rnatters in Comcli0# with the examinaiion to which attention Should bc drawn in ihi5 rerth in order to en3ble a propcT undeT5¢aT1Trg of the accounts to be rea¢hed. Niall (YDris¢oll FCMA OD Accountsnts Ltd 7A Ezra Streei London E2 7FiH 11 April 2024
The ho Soci Stat¢nt of Financial Aclivirie5 f the Year ttded r 2023 3111Y23 Totsl 31112122 Total fvnds Unrestricttyj Restriae41 INCOME AND ENDOWMENTS niom Doaii¢)n$ and legacies 6,923 17.630 Other trading xiiviiie5 Other income 41,782 41.782 292 50.512 Totsl 48997 48,997 68,150 EXPENDITURE ON Raising fvnds 31,466 31.466 36.255 Chritable acliwitie5 Grants to institutions 15.765 15,765 17.336 Tolal 47.231 47,231 53.591 NET INCOME 1.766 ,766 14,559 RECONCILIATION OF FUNDS Total fid$ bTought forward 39.416 9.144 48560 34,001 TOTAL FUNDS CARRJED FORWARD 41,182 9.144 50J26 48.560 The notes fffln partof thtse financial ststements
The Balance Sheet 31/113 Total funds 31112122 Totsl funds UnTtstriLtrd fijnds Restricttyj N£5 FIXED ASSETS Tarbgible assets 171 CURREKf ASSETS Dthors Prepayments and arueI inrne C&sh in hand 7,480 10.706 28,533 7,480 10,7( 37.677 4.380 10,465 39.972 9,144 46.719 9.144 55.863 54.817 CREDITOILS AnK)ut)ts falling due within one year (5.(rf)l ) (5.fA)I ) (6,4281 NET CURRErrr ASSETS 9,144 50.262 48.389 TOTAL ASSETS CURRENT LIABILITIES 41,182 9.144 50.326 48,560 NET ASSETS 41,182 9.144 50.326 48.560 FUNDS Unrestricied fun& Restritied funds 10 41,182 9.144 39,416 9.144 TOTAL FUNDS 50J26 48.560 Th¢ tharitable cnPanY i5 entiiled to exemption fr(wn audit under 1)n 477 of the Companie5 A¢t 2(K)6 for the year ended 31si De¢¢mbef 2023. The members have Njt Tequirfjj the mp3nY to obtain an a1¢ of its finan¢iai smements for the year cndcd 3lsi De¢emtr 2023 irt atrdance with Section 476 of the Comp3nit5 Act 2CI)6. The trustees acknowled8e their restrf)nsibilitie5 for (al ensuring that th¢ charitable company keep5 accounting records that comply with Sections 386 amd 387 of the Companies Act 21XJ6 and preparing financial 51atements which give a true and fair view of the s¢ of affa1 of ihe charitable company at the end of fiTwKial year of its sU[uS or deficit for each firbafbcial year in accordance with the requirements of Sections 394 aryj 395 and which otherwise Comply with th¢ wuir¢m¢nts of the ComplES Act 2006 rebating to finw)¢ial swments. so far ¥ applicable to the charitable cornp3ny. (b) The notes fowm Fort of thtse fJnaTKial sNem Page9 ctinued...
e Soho Soci a12rtce heel- 31st December 2023 These financial 5tatemcnts have been prtP3Yed in accOrdae with the provisions applicable to charitrble ¢ompanie5 5ubj¢ct to the small cornpanie5 rcgime. The finanual statements were appwved by th¢ Bwd of Trustees and athorised for issue on . and were signed on its behalf by". R T Lord- TnJste¢ The notes fomi partoftsse finl8] ststements Page 10
The Notes to the Financial th 1st Decernkn 202 ACCOUNTINC POLICIES Basis of preparing the fiAancil 514tements The financial staiements of the charitsble company. l¢h is a public benefit emity under FRS 102, have been prepued in aCcOrdw wtth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: stsi¢meni of Recommended Practice applicablc to charities preparing their xcounts in accordance with the Firban¢ial Rep)rting Standard applicable in the UK and Republic of ITeland (FRS 102) {effeciive l January 20191,, Financial ReFrf)rting Standard 102 The Financial Rwrting Standard applicable in the UK and Republic Of Ireland. and the Companies Act 2(4)6. The financial $t¢S have been uNler rhe hIs[Ical cost Conventi(. Jn¢ome All income 15 Teeognised in the Statement of FinarKial Activities onc¢ the charity has entitlement to tht fund& It is probable lh& the iKome will be received and the amount can be measumj rtliably. Expthdiiure Liabili¢i¢s are ttcognls as ¢xp¢ndittJTe as s(M)n &s thue is a Itgaj OT Collstruaive obligation mMittl1)g the charity to that exprnditUTe. it is probable a transfer of economic benefits will bt requiT¢d in Kttl¢rn¢ni and the amouni of the obli8ation can be me&surtd reliably. ExFmlttyte is a¢minted on an accrua15 basis arbd has becn classified ut)der Iling$ th asgree all cost relad to the category. Wh¢re costs cannot be directly attribut to particular helings they have been lialed to activities on a basis consi5ttnl with the yse of resources. T4ngible fix4d assels Dcprxialion is wovided al the following at)nuaJ rate5 in ordtr to write off each asset over its eMimed u5efvl life. Fixwres and fittirb8S Computrequipmes)t on cost 33% on cost T4Xlltion The charity is exempt from ¢rI0 t&x on its charttsble xtivities. Fund aeeounting UnTestrided fvDds can b¢ us¢d in xcorthce with the charbtable obiEi*bves atthe disc$0 of th¢ trusiee5. Resthcted fvnds can only be used for particular restric1 mjwpws within th¢ obje£ts of the charity. Restri¢fioDs arise wh¢n SIfied by th¢ donOr when ndS are rdi5ed for parlicular restrided wrposes. Further explanation of the [re Pur of exh fuThJ is in notes to the financial statements. OTHER TRADING AcllviTI£S 31113 31112122 Fundraising events 41,782 50.512 Pagell continued...
t th Finan nded ntin RAISING FUNDS Rgtslng donatioDs and legacit5 311]3 31112122 Cosi of Sales Support Costs 29,030 26,073 7,065 29,030 33,138 NET INCOMEI(EXPENDITURE) Nd in¢omellexpendimTe} is stated after gi(CredIbg). 31112123 31112122 D4Ye¢iion- Own assets 107 568 TRUSTEES. REMUNERATION AND BENEFITS There wer¢ no trusel rtrnuneration othu benefits for the year e¥wJed 31st t)etrmbu 2023 nor for the year ¢ryJed 3191 D¢mIr 2022. Trnstees, expeThs¢s There were no trlee5. expertses pAid the year e¢yknJ 31si De¢embtr 2f23 nor for the year ended 31st De¢¢mber 2022. COMPARATIVES FOR THE ATEMENT OF FINANCIAL AcllviTIES Unre5rricted Reth¢ted filnds fund Totrl funds INCOME AND ENDOWMENTS FROM Donations aThd legacie5 17,630 17,630 Otr trlin8 activities Oiher in¢ome 50,512 50.512 Total 68.150 68,150 EXPENDITURE ON Raising funds 36255 36.255 Chariible *ctiviti¢s Grants to institutior 17,336 17,336 Totsl 53.591 53,591 NET INCOME 14,559 14.559 Pa8e 12 continucd...
Fin for the Year Ermkd 315t tements- continued cm COMPARATIVES FOR THE STATEME OF FINANCIAL ACTIVITIES- cowlinueo UnTe5trkcied RestTi¢ted fvnd5 nd Totsl funds RECONCILIATION OF FUiYDS Total fvnd5 brought forward 24.857 9,144 34.001 TOTAL FUNDS CARRIED FORWARD 39.416 9.144 48,560 TANGIBLE FIXED ASSETS Fithres Compukr equipment fittings Totsls cosr Ai IJ JanLthry 2023 and 3 1st December 2023 2,079 4210 6289 DEPRECIATION At Isi January 2023 Charge foT year 2.079 4,039 107 6.118 107 At 3l5t December 2023 2.079 4.146 6225 NET BOOK VALUE At 31st December 2023 64 At3)5t December 2022 DEvfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112t23 31112r22 Trade debtors 7,480 4,380 Page 13 coniinued...
Noles lo the Financial Sthicments- contin nded CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31112Q3 31112n2 Trdde credttOTS A¢¢ruals and deferred income Accrued expenses 50 5J51 3.858 2,570 5,601 6.428 io. MOVEMENT IN FUNDS Nd movernent in fiJnd$ At 31.12.23 Ai l_1.23 Unrestrirttd funds Gencral fiu 39.416 1.766 41,182 Restricted fund8 Restricted Funds- All FuThJs 9,144 9.144 TOTALFUNDS 48,560 1,766 50.326 Net movement in fuThJ% iluded in theabove are &$ follow5.' IM)ming Resource5 expended Movement in fund5 Unre5tTitted fvnds General fund 48.997 147.2311 1,766 TOTAL FUNDS 48.Y)7 (47,2311 1.766 Page 14 cOntind...
Tht Soho the Financial f(Y the Year E 315t December 2023 ntinu io. MOVEMENT IN FUNDS- tontiaued COMrAtiVeS for movemeal ITh funds movement in fijnds At 31.12.22 At 1.122 Unrestricted funds General fund Designated Ful- 1 legaj resuve 14,857 10.(xK) 14,559 29.416 10,( 24.857 14,559 39.416 Re5tritted funds Restricitd Funds- All FU15 9.144 9,144 TOTAL FUNDS 34,001 14.559 48.560 Compardiive net rn(wement in funds includtrj in th¢ atKtrve are a5 follows.. Incomi Resources expetthd Movement in funds Unrestrided funds Generaj fur 68.150 (53.5911 14,559 TOTAL FUNDS 68.150 (53,5911 14.559 A current year 12 months té¥J 10[ year 12 MC$ c(rfnbin&l wtsition is &8 follows: ovement in fund5 At 31.12.23 Ai 1.122 Unr¢stri¢t¢d fund$ Gentral fund tk5i8na*d FU1. rent and lewdl reserye 14.857 10,(MMJ 16,325 31,182 10.0 24.857 16.325 41,182 Restri¢ttd fund5 ReslTiCted Fund5. All FurKIs 9.144 9.144 TOTAL FUNDS 34.1 16J25 50,326 Page 15 ntinued...
The Soho Soci lirtL for the Year Ended 31st t)ecemF£T 2023 MOVEMENT IN FUNDS-ctinlled A current ytar 12 and pyior Y 12 months combind nveMen1 in fvnds. in¢ludoJ in the above ar¢ as follows.. Incoming tesources Re50UTce5 ex Fthded Movement in fund5 Unrestricted fvnds General fund 17,147 (].822) 16,325 TOTAL FUIYDS 17,147 (1,822> 16.325 RELATED PARTY DISCiA)SURES Thcrc were no related party trans10$ for the yew eThJ¢d 31# Dffember 2023. Page 16
The Detsiled iemet)t of Fit)ancial Aeiivities 20 31112ll3 31112122 INCOME APID ENDOWMENTS DongtioA$ and legacie5 Gifts Donations Subs¢Tiprions 1,006 16.622 6,924 6.923 17.630 Other trading aclivitieS Fundraising events 41.782 50.512 Other intome Inieresr 292 Toial Ine(4nlng resoyrces 48,9)7 68,150 EXPENDITURE Raising don#tions and ley¢•¢s C05t of Sales 29.030 26.073 Other tradillg activititS No description Depreciaiion of thngible fixed assets 2.549 568 108 108 3,117 Charitable aeliwities Insuran¢e T¢leph¢)ne Advert15in8 Sundries Renl 406 51 5.807 20 2,286 8.259 6,0 13,164 Support costs Flugnee Barbk charges 21 30 Human r¢so4rces Software licen¢es 1421 4,172 This page does fomi F*rt of the ST finan81 ststements Pag¢ 17
The Soho Socie f Finarbci for the Year Ended 3 1st December 2023 31112r23 3111V22 Human resowrees Other Professional ftes 2.134 4,740 Goveynante tosts Accounran¢y and legal ft¢s Accountsncy ftts 1295 2.328 2,328 2,295 Totsl OUrceS expended 47.231 53.591 Net income 1.766 14.559 This pys dtts not fomi part of thc 5t*utLwy financial sweffients P4e 18