## **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** 

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## **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|



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**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 

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**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. 

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**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. 

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## **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: 

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 

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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 Fo￿ard
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. 

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## **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<br>|600|
||**650**<br>|**600**|
|**3.0**|||




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