## **HAMMERSMITH AND FULHAM ARTS FESTIVAL**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] MARCH 2021**
**CHARITY REGISTERED NUMBER 1162116**
**LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL**
1
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2021**
|**CONTENTS**|**Page**|
|---|---|
|Administrative Information|3|
|Report of the Management Committee|4-5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes and Schedules to the accounts|9-10|
2
**HAMMERSMITH AND FULHAM ARTS FESTIVAL ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31[st] MARCH 2021**
**REGISTRATION DETAILS** HAMMERSMITH AND FULHAM ARTS FESTIVAL registered as a charity in England and Wales – Charity Registration Number 1162116
**GOVERNMENT DOCUMENT** HAMMERSMITH AND FULHAM ARTS FESTIVAL is governed by it constitution and the Charities Act 2006 and 2011 respectively.
**MANAGEMENT COMMITTEE.** Helen Rowe.............................Trustees Esther Calatayud…….............Trustees Julian Hillman………...............Trustees
**FORMAL ADDRESS** Hammersmith & Fulham Arts Festival Riverside Studios 101 Queen Carolinest London. W6 9BN
**BANKERS** CAF Bank Ltd
25 Kings Hill Avenue Kings Hill West Malling, ME19 4JQ
**INDEPENDENT EXAMINERS** London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6J
3
**HAMMERSMITH AND FULHAM ARTS FESTIVAL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31[st] MARCH 2021**
The Management Committee present their financial statements for the year ended 31st March 2021.
## **OBJECTIVES**
## **3. Aims and Objectives**
The object of the Hammersmith and Fulham Arts Festival (HFArtsFest) is to advance the appreciation of and involvement in the arts in the London Borough of Hammersmith and Fulham for the public benefits, in particular, but not exclusively, through the provision of arts festival. HFArtsFest is an inclusive annual ArtsFest for the whole community including disable and not disable artists.
## ACTIVITIES DURING THE YEAR
(Please see the Annual Report)
4
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31[st] MARCH 2021**
## **STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES**
The Management Committee are required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.
The Management Committee are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL INDEPENDENT EXAMINER’ S REPORT FOR THE YEAR ENDED 31[st] MARCH 2021**
I report on the accounts of the Charity for the year ended 31[st] March 2021, which are set out on pages 7 to 8.
I report to the trustees on my examination of the accounts of the Hammersmith and Fulham Arts Festival for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns 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.
Signed………………………………………………..Date:………………………………..
A. Adebambo, MBA, ACMA, CGMA, ACG, For London Accountancy Practice. Sojourner Truth Community Centre 161 Sumner Road London SE15 6JL
6
HAMMERSMITH & FULHAM ARTS FESTIVAL
STATEMENTOF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 ST MARCH 2021
INCOMING RESOURCES
Unrestricted Restrictsd
Fund
Fund
2021
Total
2020
Totsl
Incoming Resources From Generated Funds:
Voluntary Income
Other Income
Total Incoming Resources
35,589
35.589
44,790
35.595
35,595
44,790
RESOURCES EXPENDED
Charitable Activities
Total Resources Expended
24,355
24,355
24,355 111,439
24,355 111,439
Nel Incomiro Resources
11,240
11.240
-66,649
Pnor year adjustment
10,584
Fund Balan BrowJhl Fotward
2,876
20,241
23.117
79,182
Fund Balance Carried Forward
2.876
31.481
34,357
HAMMERSMITH & FULHAM ARTS FESTIVAL
BALANCE SHEET
AS AT31STMARCH 2021
2021
2020
CURRENT ASSETS
Cash at Bank
34,857
34,857
23,117
23,117
CURRENTLIABILITIES
CREDITORS:
Amounts falling due within one year
500
NET ASSETS
34.367
23.117
FINANCED BY:
Restricted Funds
Unrestrided Funds
31,481
2,876
91
2,864
34.367
Approved by the Management Committee and signed on its behalf by
.Chairperson
.Treasurer
on..................................................................
2021
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of Financial Statements**
The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the report of the directors /trustees all of which are continuing.
The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity
## 1.2 **Incoming Resources**
- 1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.
- 1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.
- 1.3 **Restricted Funds**
- Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.
## 1.4 **Unrestricted Funds**
Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds.
## 1.5 **Designated Funds**
- Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
## 1.6 **Resources Expended**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
9
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL NOTES TO THE ACCOUNTS (Contd) FOR THE YEAR ENDED 31[st] MARCH 2021**
**2.0 CREDITORS & ACCRUALS 2021 £** Accountancy Fees 500 **500 3.0**
10
# **Trustees’ Annual Report for the period 1 April 2020 to 31 March 2021**
## **From Period start date To**
## **Period end date**
## **Charity name: Hammersmith and Fulham Arts Fest**
## **Charity registration number: 1162116**
## **Objectives and Activities**
**----- Start of picture text -----**
SORP reference
Summary of the purposes Para 1.17 Advancement of the enjoyment of and
of the charity as set out participation in the arts in the LB
in its governing Hammersmith and Fulham
document
Summary of the main Para 1.17 and This was a difficult and uncertain year,
1.19
activities in relation to seriously impacted by the pandemic.
those purposes for the We were unable to run the festival in
public benefit, in the way we had expected – but this
particular, the activities, gave us an opportunity to experiment
projects or services with new approaches and to emphasise
identified in the the participatory nature of the festival.
accounts. We have learnt a lot about how to
engage the members of our
community who have least access to
the arts and that has led us to put a
new emphasis on community
participatory arts.
Statement confirming Para 1.18 The trustees have had full regard to
whether the trustees the guidance issued by the Charity
have had regard to the Commission in the discharge of their
guidance issued by the obligations in respect tp public benefit.
Charity Commission on
public benefit
**----- End of picture text -----**
## **Achievements and Performance**
||Summary of the main
achievements of the
charity, identifying the
diference the charity’s
work has made to the
circumstances of its
benefciaries and any
wider benefts to society
as a whole.|Para 1.20|Instead of the usual festival, this year
saw us
Run a programme of online
participatory workshops for
children and young people
covering activities including
painting, dance, craft, creative
writing. The young people
attending were diverse in many
ways and all reported that they
had greatly enjoyed the
experience.
Run a programme of pop up
performance. In partnership with
Hammersmith BID, we took
clowns, circus performers and
musicians into the streets on the
days when restrictions were
lighter and the weather was
warmer. Passers by including
many children enjoyed
unexpected, impromptu
performances during otherwise
somewhat empty summer
holidays – with palpable
enjoyment,
We continued to work with Turtle
Key arts on Joy, the festival for
and by people with a disability,
recognising that much of the t
activity had to be postponed.
Btu we continued to engage
potential participants online.
We took an active part in the
Borough’s work on the future of
the arts in hammersmith via its
commission – we continue to
remain in touch with
developments on this.
As summer turned into a bleak
winter, we ran a childrens art
competition around the them of
what makes me happy. This
attracted a high level of
engagement from the most
disadvantaged wards in the
borough. The project culminated
in an online and then physical
exhibition of the work created.
We learned a lot about local||
|---|---|---|---|---|
childrens lives from this project which we are incorporating into future activity. We redeveloped our website to create an engaging gallery space for an increasingly online world.
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 At the end of the period, the charity’s
financial position at the finances remain healthy – sufficient to
end of the period enable us to plan new projects and
continue to deliver an active
programme of work
Statement explaining the Para 1.22 Reserves are held against projects
policy for holding planned, recognising that in the
reserves stating why they current circumstances, it may not
are held always be possible to deliver those
projects according to the timetable
originally envisaged.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially Para 1.24
in deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a
going concern
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
The charity raises funds from a wide
range of local and national grant
The charity’s principal sources. We aim to ensure that we
sources of funds Para 1.47 have a diverse portfolio of funders to
(including any reduce dependence on any one source.
fundraising)
The charity has coped with serious
disruption caused by the pandemic and
A description of the Para 1.46 has adapted very successfully to the
principal risks facing the new situation. With no permanent staff
charity or a fixed office base, our fixed
outgoings remain very low, allowing us
to focus activities flexibly and
**----- End of picture text -----**
achievabl
other
## **Structure, Governance and Management**
**----- Start of picture text -----**
How is the charity Para 1.25 The charity is a CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Trustees are recruited by the existing
methods including details board. Given the uncertainty of the
of any constitutional operating environment, we have
provisions e.g. election to paused new trustee recruitment to
post or name of any enable the charity to review the skills it
person or body entitled will require once a clearer operating
to appoint one or more environment is available.
trustees
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name Hammersmith and Fulham Arts festival
Other name the charity 1162116
uses
Registered charity
number
Charity’s principal Masbro Centre
address Hammersmith
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Helen Rowe Acting Chair
2 Esther Calatayud
3 Lucy Pittaway
4 Julian Hillman
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)** Helen Rowe **Full name(s)**
**Position (eg** Acting Chair **Secretary, Chair, etc)**
**Date** 2 January 2022
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] MARCH 2021**
**CHARITY REGISTERED NUMBER 1162116**
**LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL**
1
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2021**
|**CONTENTS**|**Page**|
|---|---|
|Administrative Information|3|
|Report of the Management Committee|4-5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes and Schedules to the accounts|9-10|
2
**HAMMERSMITH AND FULHAM ARTS FESTIVAL ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31[st] MARCH 2021**
**REGISTRATION DETAILS** HAMMERSMITH AND FULHAM ARTS FESTIVAL registered as a charity in England and Wales – Charity Registration Number 1162116
**GOVERNMENT DOCUMENT** HAMMERSMITH AND FULHAM ARTS FESTIVAL is governed by it constitution and the Charities Act 2006 and 2011 respectively.
**MANAGEMENT COMMITTEE.** Helen Rowe.............................Trustees Esther Calatayud…….............Trustees Julian Hillman………...............Trustees
**FORMAL ADDRESS** Hammersmith & Fulham Arts Festival Riverside Studios 101 Queen Carolinest London. W6 9BN
**BANKERS** CAF Bank Ltd
25 Kings Hill Avenue Kings Hill West Malling, ME19 4JQ
**INDEPENDENT EXAMINERS** London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6J
3
**HAMMERSMITH AND FULHAM ARTS FESTIVAL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31[st] MARCH 2021**
The Management Committee present their financial statements for the year ended 31st March 2021.
## **OBJECTIVES**
## **3. Aims and Objectives**
The object of the Hammersmith and Fulham Arts Festival (HFArtsFest) is to advance the appreciation of and involvement in the arts in the London Borough of Hammersmith and Fulham for the public benefits, in particular, but not exclusively, through the provision of arts festival. HFArtsFest is an inclusive annual ArtsFest for the whole community including disable and not disable artists.
## ACTIVITIES DURING THE YEAR
(Please see the Annual Report)
4
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31[st] MARCH 2021**
## **STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES**
The Management Committee are required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.
The Management Committee are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL INDEPENDENT EXAMINER’ S REPORT FOR THE YEAR ENDED 31[st] MARCH 2021**
I report on the accounts of the Charity for the year ended 31[st] March 2021, which are set out on pages 7 to 8.
I report to the trustees on my examination of the accounts of the Hammersmith and Fulham Arts Festival for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns 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.
Signed………………………………………………..Date:………………………………..
A. Adebambo, MBA, ACMA, CGMA, ACG, For London Accountancy Practice. Sojourner Truth Community Centre 161 Sumner Road London SE15 6JL
6
HAMMERSMITH & FULHAM ARTS FESTIVAL
STATEMENTOF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 ST MARCH 2021
INCOMING RESOURCES
Unrestricted Restrictsd
Fund
Fund
2021
Total
2020
Totsl
Incoming Resources From Generated Funds:
Voluntary Income
Other Income
Total Incoming Resources
35,589
35.589
44,790
35.595
35,595
44,790
RESOURCES EXPENDED
Charitable Activities
Total Resources Expended
24,355
24,355
24,355 111,439
24,355 111,439
Nel Incomiro Resources
11,240
11.240
-66,649
Pnor year adjustment
10,584
Fund Balan BrowJhl Fotward
2,876
20,241
23.117
79,182
Fund Balance Carried Forward
2.876
31.481
34,357
HAMMERSMITH & FULHAM ARTS FESTIVAL
BALANCE SHEET
AS AT31STMARCH 2021
2021
2020
CURRENT ASSETS
Cash at Bank
34,857
34,857
23,117
23,117
CURRENTLIABILITIES
CREDITORS:
Amounts falling due within one year
500
NET ASSETS
34.367
23.117
FINANCED BY:
Restricted Funds
Unrestrided Funds
31,481
2,876
91
2,864
34.367
Approved by the Management Committee and signed on its behalf by
.Chairperson
.Treasurer
on..................................................................
2021
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of Financial Statements**
The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the report of the directors /trustees all of which are continuing.
The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity
## 1.2 **Incoming Resources**
- 1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.
- 1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.
- 1.3 **Restricted Funds**
- Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.
## 1.4 **Unrestricted Funds**
Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds.
## 1.5 **Designated Funds**
- Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
## 1.6 **Resources Expended**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
9
## **HAMMERSMITH AND FULHAM ARTS FESTIVAL NOTES TO THE ACCOUNTS (Contd) FOR THE YEAR ENDED 31[st] MARCH 2021**
**2.0 CREDITORS & ACCRUALS 2021 £** Accountancy Fees 500 **500 3.0**
10