## 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 2024 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## 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|8-11| 2 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **ANNUAL REPORT** The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2024, 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** Administratively, the Trust achieved the sale of Little Hatch in 2024. This was a significant development which will reduce costs and free up management time to focus on charitable activities. The renovation of Tynypant was effectively completed. Some storm damage held back the commencement of holiday lets there, but young artists have already started using the space for retreats, starting in November 2024. 2024 was a very busy year for the Trust’s main property, 9 Lower Mall, which saw much artistic activity from acting workshops to play rehearsals and fundraising events. A notable dance music producer and DJ enjoyed a short Summer residency on the 1st floor, and we hosted producers of a play based on new writing at the nearby Riverside Studios. The 1st and top floor of 9 Lower Mall were in use by artists in every month of 2024. Work by the Chair including extensive interviews conducted at 9 Lower Mall culminated in the BBC Radio 3 special programme A Most Queer House, raising the profile of 9 Lower Mall and the Trust, and providing an invaluable documentary record and oral history of the property. ## **Financial review** The charity spent c.£46,000, mainly on property maintenance, insurance and council tax. These costs will decrease next year, now that the charity has sold Little Hatch (in line with plans foreseen in last year’s accounts). A further bequest of £19,000 was received from the Donald Howarth estate. £6,800 was earned from hiring out space at reduced rates to artists. And a gain of £157,000 was made on the sale of Little Hatch against its book value. This brings our total assets to £3,847,227, including £660,000 in cash which has - at the time of writing - largely been moved to interest-bearing accounts. ## **Structure, Governance and Management** ## **Governing Document** George Goetchius & Donald Howarth Society of Friends Awards is a company limited by guarantee governed by 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. 3 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **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| |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| ||W6 9DJ| |SIGNED ON BEHALF OF THE TRUSTEES|WILLIAM RICHARDS| ||4 April 2025| _____________________________ 4 GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarnntee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GEORGE GOETCHIUS & DONALD HOWAirrH SOCIETY OF FRIENDS AWARDS (Company no: 08341158 and Charlty no: 1154004) I report on rhe financial statements of the above chariry la Company limrted by guarantee) for the year ended 31 December 2024. which comprise the statement of Firwici￿ Acrivitie5. the Balance Sheet and the related note5 to the ac¢oun Respective responslbilities of trustees and e￿miner The trustees who are ￿$0 directors of the company lor the purposes of company layl. are responsible for the preparation of the a¢¢ounr5 in accordance with the Charities A¢r 2011 ('the Aci,). The Charity's trustees consider that an audit is not required for tht5 year under sec¢ion 144 01 the Acr and tha£ an indepelldent examinarion 15 needed. l*Vhere the charirys gross income exceeded £250.fM)O l am qualffied to undertake the examination by b*'ng a qualified member of the Charrered Associaoon of Certrfied Accounrants. It is my responybiliry to examine the accounts under secrion 145 of the Charities kn follow the applicable Directions given by the Charity Commission under section 145(5l{b) of the ACL and state vdTrether parricular matrers have come to my attenuon. asis of Independent examinery report My examlnation v*75 carried out in accordance with the general Directions wen by the Chartcy Commisslon. An examinarion includes a rewew of the accounting records kept by the chariry and a comparison of the accoun¢s presented those records. It also includes considerdtyon of any {Jnusu￿ items or disclosures in the accounts, and seeking explanation5 from the trustees concerning any such matters. The procedures undertaken do not provide all the wdence that would be required in an audic and consequendy no opinion is given as to whether the accounts presenc a '¢rue and fair, ￿e¥¥ and the reporr is Ilmrred to those matters set out in the sratement Independent examlner¥ statement In connecfion with my enmination, no marerial matters have come to my attention which ￿yeS me cause to believe that in. any material respect the accounung records were not kept in a¢cordan¢e th section 386 of the Companies Act 12006): or the accounts do not accord with the a¢¢ouning record5; or the ac¢oun¢s do not compty the ¥•plicable requiremenrs concerning the forni and content ol the accounts set out in section 396 of the Comp3nies Acc 2006 other than ary requirement thar the accounts gNe a '¢rue and fw'r. vse4¥ whith 15 noc a matter considered a5 part of an independent examination; or The accounts have not been prepared in accordance with the Charioes SORP (FRSI 021. I have no concerns and have come acros5 no other matters in conneaion with the examinarlon to which attMtii)n should be drawn in this repgrt in order to enable a proper undersranding ol the a¢coun¢s to be reached. 12) Chaweevan Wllliams FCCA Da￿. 4 April 2025 Verdant Acc¢)unrants knmited. Chartered Cerufied A¢counranr5. 2¢%22 Wenlock Road.London N17GU ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **STATEMENT OF FINANCIAL ACTIVITIES** ||Notes|Unrestricted
Funds 2024
£||Total
Funds 2024
£||Total
2023
£| |---|---|---|---|---|---|---| |**Income**||||||| |Donations & bequests||**19,000**||**19,000**||**0**| |Gain on sale of property||**157,610**||**157,610**||| |Charitable activities & other|3|**6,920**||**6,920**||**5813**| |||||||| |||||||| |**Total income**||**183,530**||**183,530**||**5,813**| |||||||| |**Expenditure on:**||||||| |||||||| |Charitable activities|4|**47,796**||**47,796**||**176,428**| |**Total expenditure**||**47,796**||**47,796**||**176,428**| |||||||| |||||||| |**Net movement in funds**||**135,734**||**135,734**||**(170,616)**| |||||||| |**Reconciliation of funds**||**-**||**-**||**-**| |Total funds brought forward||3,709,693||3,709,693||3,880,309| |Net movement in funds||135,734||135,734||(170,616)| |||||||| |**Total funds carried forward**||**3,845,427**||**3,845,427**||**3,709,693**| The statement of financial activities includes all gains and losses recognised in the year. All funds in 2024 were unrestricted. All income and expenditure derive from continuing activities. The notes on page 8 to 11 form part of these financial statements. 6 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## BALANCE SHEET ## AS AT 31 DECEMBER 2024 |||Notes|31 Dec
2024
£||31 Dec
2023
£| |---|---|---|---|---|---| |**Fixed Assets**|||||| |Tangible Assets||7|3,185,000||3685,000| |**Current assets**|||||| |Cash at bank and in hand|||662,227||24,693| |Debtors|||-||0| ||||**662,227**||**24,693**| ||||||| |Creditors (falling due within one year)|||1800||0| |**Net current assets**|||660,427||24,693| ||||||| |**Total net assets**|||**3,845,427**||**3,709,693**| ||||||| |**Charity funds**|||||| |Restricted Funds|||-||-| |Unrestricted|||3,845,427||3,709,693| ||||||| |**Total funds**|||**3,845,427**||**3,709,693**| For the year ending 31 December 2024 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 4 April 2025 and signed on its behalf by: **________________________** **William Richards, Truste** e The notes from page 8 to 11 form part of these financial statements. 7 GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **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. 8 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **3 Charitable activities & other** ||**Unrestricted**
**Funds 2024**
**£**|**Total**
**Funds 2024**
**£**|Total funds
2023
£| |---|---|---|---| |Charitable
activities|**6,770**|**6,770**|**5210**| |Other|**150**|**150**|**603**| |**Total**|**6,920**|**6,920**|**5813**| ## **4 Analysis of expenditure on charitable activities** ||**Unrestricted**
**Funds 2024**
**£**|**Total**
**Funds 2024**
**£**|Total funds
2023
£| |---|---|---|---| |Professional
fees|||1,206| |Administrative
fees|853|853|13| |Events|||0| |Property
maintenance|18,777|18,777|6,196| |Property
renovation|||150,714| |Utilities|4,105|4,105|2,965| |Council Tax|5,279|5,279|6,492| |Insurance|16,206|16,206|6,957| |Sundry
expenses|776|776|1,884| |Independent
examination/a
udit fee|1800|1800|0| |Grants|||0| |**Total**|**47,796**|**47,796**|**176,429**| ## **5 Auditors’ independent examination fee** |**5 Auditors’ independent examination fee**||| |---|---|---| ||**2024**
**£**|2023
£| |Independent examination fee|**1800**|-| |Auditors’ fee|**-**|-| |**Total**|**1800**|-| 9 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31 DECEMBER 2024 ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **6 Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, no Trustee expenses have been incurred (2024 - NIL). ## **7 Tangible fixed assets** |**7 Tangible fixed assets**|| |---|---| ||**Freehold property**
**£**| |**Cost or valuation**|-| |Balance brought forward 1 January 2024|3,685,000| |Disposal - Little Hatch|500,000| |At 31 December 2024|3,185,000| |**Net book value**|| |At 31 December 2024|3,185,000| |At 31 December 2023|3,685,000| **8 Debtors** |**8 Debtors**||| |---|---|---| ||**2024**
**£**|2023
£| |**Due within one year**||| |Other debtors|**0**|0| |Prepayments|**0**|0| |Adjustments for 2021|**0**|0| |**Total**|**0**|0| |**9 Creditors: amounts falling due within oneyear**|**9 Creditors: amounts falling due within oneyear**|**9 Creditors: amounts falling due within oneyear**| |---|---|---| ||**2024**
**£**|2023
£| |Accruals|**1800**|0| 10 ## GEORGE GOETCHIUS & DONALD HOWARTH SOCIETY OF FRIENDS AWARDS (A company limited by guarantee) ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |**10 Summary of funds(currentyear)**|**10 Summary of funds(currentyear)**|**10 Summary of funds(currentyear)**|**10 Summary of funds(currentyear)**|**10 Summary of funds(currentyear)**|**10 Summary of funds(currentyear)**| |---|---|---|---|---|---| ||**Balance 1 Jan**
**2024**
**£**|**Income**
**£**|**Expenditure**
**£**|**Adjustments**
**Transfers in/out**
**£**|**Balance at 31 Dec**
**2024**
**£**| |General
funds|3,709,693|183,530|(47,796)|0|3,845.427| |**Total**|**3,709,693**|**183,530**|**(47,796)**|**0**|**3,845.427**| ## **Summary of funds (prior year)** ||**Balance 1 Jan**
**2023**
**£**|**Income**
**£**|**Expenditure**
**£**|**Adjustments**
**Transfers in/out**
**£**|**Balance at 31 Dec**
**2023**
**£**| |---|---|---|---|---|---| |General
funds|3,880,308|5,813|(176,428)|0|3,709,693| |**Total**|**3,880,308**|**5,813**|**(176,428)**|**0**|**3,709,693**| ## **11 Analysis of net assets between funds (current year)** |||||**Unrestricted**
**funds 2024**
**£**|**Total funds 2024**
**£**| |---|---|---|---|---|---| |Tangible fixed assets||||3,185,000|3,185,000| |Current assets||||662,227|662,227| |Creditors due within one year||||(1800)|(1800)| |**Total**||||3,845,427|3,845,427| ## **Analysis of net assets between funds (prior year)** |||||**Unrestricted**
**funds 2023**
**£**|**Total funds 2023**
**£**| |---|---|---|---|---|---| |Tangible fixed assets||||3,685,000|3,685,000| |Current assets||||24,693|24,693| |Creditors due within one
year||||0|0| |**Total**||||3,709.693|3,709.693| 11