GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY
OF FRIENDS AWARDS (A COMPANY LIMITED BY GUARANTEE)
COMPANY REGISTRATION NUMBER: 08341158 CHARITY REGISTRATION NUMBER: 1154004
REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| CONTENTS | CONTENTS |
|---|---|
| Item | Page |
| Trustees’ report | 3-4 |
| Independent examiner’s report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8-12 |
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ANNUAL REPORT
The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2022, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (effective 1 January 2015).
Our purposes and activities
The purposes of the charity are:
-
the advancement of the arts, and social studies, to include, but not be limited to visual art, photographic, performative, literary, dramatic writing, and the study of social change and cultural history relating to homosexuality.
-
the advancement of education through encouraging and providing support and facilities for the understanding, appreciation and development of the arts
The charity’s core mission shapes its consideration of grant applications, and the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.
Achievements and performance
In the course of the year ended 31 December 2022, the charity has made good progress in making use of two properties for its core objectives. It has:
-
Hosted a significant number of events and individuals at 9 Lower Mall.
-
Successfully trialed the use of 9 Lower Mall as a rehearsal space, with a number of theatrical productions making use of the space.
-
Hosted a range of artists and writers at Little Hatch.
-
Through the above, broadened the charity’s visibility and network among groups likely to make use of the spaces in future.
-
Carried out substantial renovations to Tynypant (which remained ongoing at 31 December 2022).
Financial review
The charity spent £167,088.03 against an income (mainly through a further bequest from the same estate as in 2021) of £103,271.99 bringing its total assets including fixed assets property less accruals to £3,931,647.78. The majority - around 80% - of the expenditure was for the ongoing renovation of Tynypant which has regrettably turned out to be more expensive and complex than originally envisaged – the renovation costs have been included in the addition of fixed assets property.
The charity had £195,305.07 cash on hand at the end of the year. Further expenditure on the renovation of Tynypant was anticipated for 2023; beyond this the charity has sufficient reserves to meet its ongoing liabilities. When the Tynypant renovation is complete, a reserves policy will be prepared.
Structure, Governance and Management
Governing Document
George Goetchius & Donald Howarth Society of Friends Awards is a company limited by guarantee governed by
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
its Memorandum and Articles of Association 14 December 2012, and amended Objects dated 27 March 2013. It is registered as a charity with the Charity Commission.
Appointment of trustees
As set out in the Articles of Association, the charity may appoint company directors by ordinary resolution. Only a person who is retiring by rotation may be appointed a director at any general meeting, unless they are recommended for re-election by the directors, or a notice of proposal is given not less than seven nor more than thirty-five days prior to a general meeting.
Directors and advisors
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees serving during the year and since the year end were as follows:
| Trustees | Sandra Smith | |
|---|---|---|
| Christopher Loscher | ||
| William Richards | ||
| Inez Litas (appointed after 31 December 2022) | ||
| Company Secretary | Alexander Lawrence-Archer | |
| Independent Examiner | Verdant Accountants Limited | |
| Chartered Certified Accountants | ||
| 20-22 Wenlock Road, | ||
| London N1 7GU | ||
| Bankers | The Co-Operative Bank | |
| PO Box 250 | ||
| Skelmersdale | ||
| Lancashire | ||
| WN8 6WT | ||
| Administrative details | ||
| Registered charity name | GEORGE GOETCHIUS & DONALD | HOWARTH |
| SOCIETY OF FRIENDS AWARDS | ||
| Incorporated (Limited by guarantee) | 24 December 2012 | |
| Charity registration number | 1154004 | |
| Company registration number | 08341158 | |
| Registered Office | 9 Lower Mall | |
| London | ||
| SIGNED ON BEHALF OF THE TRUSTEES | W6 9DJ | WILLIAM RICHARDS |
| 14 September 2023 |
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GEORGE GOETCHIUS & DONALD HOWARTH socIErY OF FRIENDS AWARDS (A company lirnited by guar2nteel REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (Company no:08341158 and Charity no:1154004) I report on the financlal srarements of the above charfty la company limltsd by guarantee) for the year ended 31 December 2022. which comprise the ststement of Financial Aciivities, the Balance Sheer and the rela¢ed noLes Re$pectivt responslbili¢ies ol trustees and examlner The rrustees who are also direczors of the company lor the purposes ol cornpany law, Ire responsible for the preparauon of the attoufits in accordance with rhe Chanties Act 2011 I'the Act,). The Charity's trustees consider tha¢ an audit is rioc required for this year under section 144 of the Act and that an Independent examinarion is needed. Where the chariry5 8r055 income exceeded £250.000 l am qualified to underyake the examinarion by being a qualified member of the Chartered Association of Cerrlfled Accountanu. 1£ is my responsibility to examine the accounts under settion 145 of the Charitie5 Ao follow the applicable Direcrions &ven by the Chariry Commission under secuon 14S{5llbl of the Ac¢ and state whether particular macters have come co my aftenuon. BASIS ol Independent txmlner's report My examinrion wa5 carried out in accordance with the general Directyons yven by the Charity commSSIOn. An examinarion includes a review ol the accounting records kepr by the charity and a comparison of d)e accounts presented with rhose records. It also Ineludes consideration of any Unusu ITems or dlsclosvres in the accounts, and seeking explanaoons Irom the trustees concerning any such matters. The procedures undertsken do not provide all the evidence that would be required in an audir and consequefjtty no opinioTh is yven as to whether the accounts present a 'true and fair, and the report is limited ro those matters ser out in the 5rarÈment below. Independent examSnerfs sratement In connecuon with my exarninaon. no material matters have e¢Yne to my atttntlon which gives me cause ro believe thar in. any rnaterial re5pecL the accoutiting records were not kepr Sn accordance with secuon 386 of the Companies Act 120061.. the accounts do ntsr accord with the a<¢ounting reeorls.. or the accounts do rsot comply wirh the applicable requirements concerning the lorm and content of the accounts 5eE out In sectyon 396 of the C¢>mpanies Act 2006 other than any requir¢ment that the accounrs gNe a 'tnJe and hir, wew which is not a maEcer considered as part of an Independent examination., or The accounts have Thot been prewred in accordance the Charities SORP IFRS102I. I have no concerns and have come aeros5 no tsther matters in connecrion the exarninatson to which attentyon should be drawn in this report in order Eo enable a proper undersrandlng of the attounrs w be reached. 121 Chawevan Wllllams FCCA Dre'. 2&.09. 2023 Verdan¢ Accountants Limited. Ch2rtered Certled Accountants. I2? Wenlock K¢Md.London Nl 7GU
GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
STATEMENT OF FINANCIAL ACTIVITIES
| Notes Income Donations & bequests 3a Charitable activities & other 3b Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Net movement in funds Adjustment for 2021 debtor Total funds carried forward at 31 DECEMBER 2022 |
Unrestricted Funds 2022 £ 100,000 3272 103,272 19,251 19,251 84,021 - 3,967,627 84,021 (120,000) 3,931,648 |
Total Funds 2022 £ 100,000 3272 103,272 19,251 19,251 84,021 - 3,967,627 84,021 (120,000) 3,931,648 |
Total 2021 £ 3,990,000 - |
|---|---|---|---|
| 3,990,000 | |||
| 34,435 | |||
| 34,435 | |||
| 12,021 | |||
| - 12,062 3,955,565 - 3,967,627 |
The statement of financial activities includes all gains and losses recognised in the year. All funds in 2021 were unrestricted. All income and expenditure derive from continuing activities.
The notes on page 8 to 12 form part of these financial statements
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
BALANCE SHEET
AS AT 31 DECEMBER 2022
| Notes Fixed Assets Tangible Assets 7 Current assets Cash at bank and in hand Debtors 8 Creditors (falling due within one year) 9 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted Funds 10 Unrestricted 10 Total funds |
31 Dec 2022 £ 3,737,540 195,308 - 195,308 (1200) 194,108 3,931,648 3,931,648 - 3,931,648 3,931,648 |
31 Dec 2021 £ 3,595,123 |
|---|---|---|
| 259,121 122,956 |
||
| 382,077 (9573) 372,504 |
||
| 3,967,627 | ||
| 3,967,627 | ||
| - 3,967,627 |
||
| 3,967,627 |
For the year ending 31 December 2022 the company was entitled to the 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 the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of trustees/directors on 14 September and signed on its behalf by:
William Richards, Truste e
The notes from page 8 to 12 form part of these financial statements.
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 General information
George Goetchius & Donald Howarth Society of Friends Awards is a registered charity with the Charity Commission for England & Wales (charity number: 1154004) and a private company limited by guarantee, incorporated in England and Wales (company number: 08341158). The registered office address is 9 Lower Mall, London, W6 9DJ.
2 Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
George Goetchius & Donald Howarth Society of Friends Awards meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Tangible fixed assets and depreciation
No depreciation is charged on freehold land and buildings. Where buildings are maintained to such a standard that their estimated residual value is not less than their cost or valuation, no depreciation is charged, as it is not material.
Freehold land and buildings – depreciation not provided.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and 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.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
2.8 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
3a Income from donations and legacies
| Unrestricted | Total | Total funds | |
|---|---|---|---|
| Funds 2022 | Funds 2022 | 2021 | |
| £ | £ | £ | |
| Donations | 100,000 | 100,000 | 3,990,000 |
| Total | 100,000 | 100,000 | - |
| b Charitable activities & other | |||
| Unrestricted | Total | Total funds | |
| Funds 2022 | Funds 2022 | 2021 | |
| £ | £ | £ | |
| Charitable | 2620 | 2620 | - |
| activities | |||
| Other | 652 | 652 | - |
| Total | 3272 | 3272 | - |
3b Charitable activities & other
4 Analysis of expenditure on charitable activities
| Unrestricted | Total | Total funds | Total funds | |
|---|---|---|---|---|
| Funds 2022 | Funds 2022 | 2021 | ||
| £ | £ | £ | ||
| Professional | - | 1290 | ||
| fees | ||||
| Administrative | 49 | 49 | 150 | |
| fees | ||||
| Events | 120 | 120 | 2425 | |
| Property | (784) | (784) | 21455 | |
| repairs and | ||||
| maintenance | ||||
| Utilities | 4815 | 4815 | 3217 | |
| Council Tax | 7102 | 7102 | 850 | |
| Travel and | - | - | 184 | |
| subsistence | ||||
| Insurance | 5468 | 5468 | 1100 | |
| Sundry | 261 | 261 | 164 | |
| expenses | ||||
| Independent | 1200 | 1200 | 3600 | |
| examination/a | ||||
| udit fee | ||||
| Grants | 1000 | 1000 | - | |
| Total | 19251 | 19251 | 34435 |
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 5 | Auditors’ independent examination fee | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Independent examination fee | 1200 | - | |
| Auditors’ fee | - | 3600 | |
| Total | 1200 | 3600 |
6 Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL). During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - NIL).
7 Tangible fixed assets
| 7 Tangible fixed assets | |
|---|---|
| 8 Debtors Cost or valuation Balance brought forward 1 January 2022 Additions - Tynypant renovation At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 2022 £ Due within one year Other debtors 120,000 Prepayments - Adjustments for 2021 (120,000) Total 0 |
Freehold property £ - 3,595,123 142,417 3,737,540 |
| 3,737,540 3,595,123 |
|
| 2021 £ 120,000 2956 - 122,956 |
Prior year adjustment is due to donations received in 2022 and is related to the year 2022. No outstanding debtor required for 2021.
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
9 Creditors: amounts falling due within one year
| 10 Summary Summary of Accruals Designated funds General funds Total Designated funds General funds Total |
of funds (current year) Balance 1 Jan 2022 £ Income £ 3,595,123 - 372,504 103,272 3,967,627 103,272 |
2022 £ 2021 £ 1200 9573 Expenditure £ Adjustments Transfers in/out £ Balance at 31 Dec 2022 £ - 142,417 3,737,540 (19,251) (142,417) (120,000) 194,108 (19,251) (120,000) 3,931,648 |
|---|---|---|
| funds (prior year) Balance 1 Jan 2021 £ Income £ - 3,535,000 12,062 455,000 12,062 3,990,000 |
Expenditure £ Adjustments Transfers in/out £ Balance at 31 Dec 2021 £ - 60,123 3,595,123 (34,435) (60,123) 372,504 (34,435) - 3,967,627 |
11 Analysis of net assets between funds (current year)
| Unrestricted | Total funds 2022 | |
|---|---|---|
| funds 2022 | £ | |
| £ | ||
| Tangible fixed assets | 3,737,540 | 3,737,540 |
| Current assets | 195,308 | 195,308 |
| Creditors due within one year | (1200) | (1200) |
| Total | 3,931,648 | 3,931,648 |
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GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| Analysis of net assets between funds (prior year) | ||
|---|---|---|
| Unrestricted | Total funds 2021 | |
| funds 2021 | £ | |
| £ | ||
| Tangible fixed assets | 3,595,123 | 3,595,123 |
| Current assets | 382,077 | 382,077 |
| Creditors due within one | (9573) | (9573) |
| year | ||
| Total | 3,967,627 | 3,967,627 |
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