2023-03-31-accounts - Hammersmith And Fulham Arts Festival

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HAMMERSMITH AND FULHAM ARTS FESTIVAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

CHARITY REGISTERED NUMBER 1162116

LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL

HAMMERSMITH AND FULHAM ARTS FESTIVAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

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

HAMMERSMITH AND FULHAM ARTS FESTIVAL ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2023

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.............................Trustee Esther Calatayud…….............Trustee Julian Hillman.………..............Trustee Lucy Pittaway.........................Trustee Samuel Deards……………….Trustee

FORMAL ADDRESS Hammersmith & Fulham Arts Festival The Masbro Centre Masbro Road London. W14 0LR

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

HAMMERSMITH AND FULHAM ARTS FESTIVAL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Management Committee present their financial statements for the year ended 31 March 2023.

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

During the year, the Charity continued to represent the interests of artists in the Borough. We delivered an extensive programme of arts based interventions in Old Oak. We have worked on using the arts as a tool to look at climate change. We have set up a new arts network and produced a manifesto for our work going forward.

HAMMERSMITH AND FULHAM ARTS FESTIVAL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 MARCH 2023

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.

HAMMERSMITH AND FULHAM ARTS FESTIVAL INDEPENDENT EXAMINER’ S REPORT FOR THE YEAR ENDED 31 MARCH 2023

I report on the accounts of the Charity for the year ended 31[st] March 2023, 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 2023.

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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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

HAMMERSMITH & FULHAM ARTS FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 ST MARCH 2023 INCOMING RESOURCES Unrestricted Restricted Fund Fund 2023 2022 Total Total Incoming Resources From Generated Funds: Voluntary Income Other Income Total Incoming Resources 90,917 90,917 43,108 115 115 91,032 91,032 43,110 RESOURCES EXPENDED Chantable Acbmties Total Resources Expended 82,294 82,294 35,168 82,294 82,294 35,168 Net Incomiro Resources 8,738 8,738 7,942 Fund Balance Brought Foard 2,876 39,423 42,299 34,357 Fund Balance Carried Forward 2,876 48,161 51,037 42,299

HAMMERSMITH & FULHAM AR TS FESTIVAL BALANCE SHEET AS AT31 ST MARCH 2023 2023 2022 CURRENT ASSETS Cash at Bank 51.687 61.687 42.899 42,899 CURRENT LIABILITIES CREDITORS: Amounts falling due wilhin one year 650 600 NET ASSETS 51,037 42,299 FINANCED BY: Restncted Funds Unrestricted Funds 48,161 2,876 39,423 2,876 51,037 42,299 Approved by the Management Committee and signed on its behalf by .Chairperson .Treasurer on....................................................................2023

HAMMERSMITH AND FULHAM ARTS FESTIVAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2023

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.

HAMMERSMITH AND FULHAM ARTS FESTIVAL NOTES TO THE ACCOUNTS (Contd) FOR THE YEAR ENDED 31[st] MARCH 2023

2.0	CREDITORS & ACCRUALS 2023	2022
	£	£
	Accountancy Fees650	600
	650	600
3.0