**Hassocks Community Organisation Registered Office: Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF Registration Number: 1183097** ## Trustees Report 2023 ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of providing inexpensive and local opportunities. for shopping, exercise, socialising and entertainment. ## **REVIEW OF BUSINESS** This year our youth work, Hassocks Youth Project, has had to take a back seat due to the loss of one of two key volunteers, but we are working to recruit a replacement and have high hopes of getting things back on track for next year. The Village Market has gone from strength to strength, despite having to relocate due to concerns regarding the viability of the old site for the long term. The new location is working extremely well, and we are intending to increase the frequency of markets, or to introduce a new type of market once or twice a year. Our Green Group accepted the help of local Scouts during the Big Help Out day and local residents saw the benefits of their joint work in the very attractive planters in the village. Light Up Hassocks, our festive community event project, secured funding of £1500 per year for the next three years from the parish council to help improve the appearance and running of this very popular celebratory event. Financially we remain in a good position with sufficient funds to cover our projects and indeed to invest in new technology such as card readers for our Star Cinema project. ## **DIRECTORS** The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report. Dr C E Wilsdon Mrs C Cassidy Mr J M Wakeham MS E Woodhurst-Trueman Mr J Soper Professor F Maillardet Mr R Kenhard Other changes in directors holding office are as follows: Mrs A Cumberland - appointed 1 September 2022 Mr S Lee - appointed 1 April 2022 Digitally Signed Document Document ID: 8FB30C04200CBD ## Document Details: |**Filename:**|PH891-Limited company accounts amended
2023.pdf| |---|---| ||| |**Client of:**|Price Green & Co| ## Signature Details |**Name:**|Alison Cumberland| |---|---| ||| |**Email:**|acc@hassockscommunity.org.uk| ||| |**Date & Time:**|31/10/2023 09:34:56 AM (GMT)| ||| |**IP Address:**|94.11.219.205| ||| |**Signing Statement:**|Hassocks Community Organisation agrees and
approves the contents of this document.| ## Digital Certificate The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. |**On behalf of:**|Price Green & Co| |---|---| ||| |**PDF digital certificate:**|IRIS Software Group Limited| ||| |**Digital certificate issued by:**|GlobalSign| Please keep a copy of this document for your records. is powered by IRIS OpenSpace. ## **Report of the Directors and** **Unaudited Financial Statements for the Year Ended 31 March 2023** **for** **Hassocks Community Organisation** **Hassocks Community Organisation** **Contents of the Financial Statements for the Year Ended 31 March 2023** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Directors**|2| |**Income Statement**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| |**Report of the Accountants**|8| |**Detailed Income and Expenditure Account**|9| **Hassocks Community Organisation** ## **Company Information for the Year Ended 31 March 2023** ## **DIRECTORS:** ## **REGISTERED OFFICE:** ## **REGISTERED NUMBER:** ## **ACCOUNTANTS:** Dr C E Wilsdon Mrs C Cassidy Mr J M Wakeham MS E Woodhurst-Trueman Mr J Soper Professor F Maillardet Mr R Kenhard Mrs A Cumberland Mr S Lee Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF 07128053 (England and Wales) Price Green & Co Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF Page 1 **Hassocks Community Organisation** ## **Report of the Directors for the Year Ended 31 March 2023** The directors present their report with the financial statements of the company for the year ended 31 March 2023. ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of providing inexpensive and local opportunities for shopping, exercise, socialising and entertainment. ## **REVIEW OF BUSINESS** This year our youth work, Hassocks Youth Project, has had to take a back seat due to the loss of one of two key volunteers, but we are working to recruit a replacement and have high hopes of getting things back on track for next year. The Village Market has gone from strength to strength, despite having to relocate due to concerns regarding the viability of the old site for the long term. The new location is working extremely well, and we are intending to increase the frequency of markets, or to introduce a new type of market once or twice a year. Our Green Group accepted the help of local Scouts during the Big Help Out day and local residents saw the benefits of their joint work in the very attractive planters in the village. Light Up Hassocks, our festive community event project, secured funding of £1500 per year for the next three years from the parish council to help improve the appearance and running of this very popular celebratory event. Financially we remain in a good position with sufficient funds to cover our projects and indeed to invest in new technology such as card readers for our Star Cinema project. ## **DIRECTORS** The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report. Dr C E Wilsdon Mrs C Cassidy Mr J M Wakeham MS E Woodhurst-Trueman Mr J Soper Professor F Maillardet Mr R Kenhard Other changes in directors holding office are as follows: Mrs A Cumberland - appointed 1 September 2022 Mr S Lee - appointed 1 April 2022 This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** ........................................................................ Mr J M Wakeham - Director Date: ............................................. Page 2 ## **Hassocks Community Organisation** ## **Income Statement for the Year Ended 31 March 2023** |||**31.3.23**|31.3.22| |---|---|---|---| ||Notes|**£**|£| |**TURNOVER**||**13,673**|12,642| |Cost of sales||**4,932**|6,057| |**GROSS SURPLUS**||**8,741**|6,585| |Administrative expenses||**17,439**|11,578| |||**(8,698)**|(4,993)| |Other operating income||**11,645**|2,505| |**OPERATING SURPLUS/(DEFICIT) and**|||| |**SURPLUS/(DEFICIT) BEFORE**|||| |**TAXATION**||**2,947**|(2,488)| |Tax on surplus/(deficit)||**-**|-| |**SURPLUS/(DEFICIT) FOR THE**|||| |**FINANCIAL YEAR**||**2,947**|(2,488)| The notes form part of these financial statements Page 3 **Hassocks Community Organisation (Registered number: 07128053)** ## **Balance Sheet** ## **31 March 2023** |Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Stocks
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Income and expenditure account
8|**31.3.23**
**£**
**1,896**
**1,027**
**33,870**
**36,793**
**1,409**|**£**
**4,963**
**35,384**
**40,347**
**40,347**
**40,347**|31.3.22
£
1,774
1,068
32,773
35,615
1,596|£
3,381
34,019| |---|---|---|---|---| |||||37,400| |||||37,400| |||||37,400| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. ## The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The 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 Directors and authorised for issue on ............................................. and were signed on its behalf by: ........................................................................ Mr J M Wakeham - Director The notes form part of these financial statements Page 4 **Hassocks Community Organisation** **Notes to the Financial Statements for the Year Ended 31 March 2023** ## 1. **STATUTORY INFORMATION** Hassocks Community Organisation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. ## **Deferred tax** Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 2 (2022 - 3). Page 5 continued... **Hassocks Community Organisation** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## 4. **OPERATING SURPLUS/(DEFICIT)** The operating surplus (2022 - operating deficit) is stated after charging: |||**31.3.23**|31.3.22| |---|---|---|---| |||**£**|£| ||Depreciation - owned assets|**1,953**|1,127| |5.|**TANGIBLE FIXED ASSETS**||| ||||**Fixtures**| ||||**and**| ||||**fittings**| ||||**£**| ||**COST**||| ||At 1 April 2022||**12,741**| ||Additions||**3,535**| ||At 31 March 2023||**16,276**| ||**DEPRECIATION**||| ||At 1 April 2022||**9,360**| ||Charge for year||**1,953**| ||At 31 March 2023||**11,313**| ||**NET BOOK VALUE**||| ||At 31 March 2023||**4,963**| ||At 31 March 2022||3,381| |6.|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**31.3.23**|31.3.22| |||**£**|£| ||Other debtors|**1,027**|1,068| |7.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**31.3.23**|31.3.22| |||**£**|£| ||Trade creditors|**30**|30| ||Other creditors|**1,379**|1,566| |||**1,409**|1,596| Page 6 continued... **Hassocks Community Organisation** **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** 8. **RESERVES** |**RESERVES**|| |---|---| ||**Income**| ||**and**| ||**expenditure**| ||**account**| ||**£**| |At 1 April 2022|**37,400**| |Surplus for the year|**2,947**| |At 31 March 2023|**40,347**| ## 9. **RELATED PARTY DISCLOSURES** Mr J M Wakeham was the company's managing director throughout the current year. Page 7 **Hassocks Community Organisation** ## **Report of the Accountants to the Directors of Hassocks Community Organisation** As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to seven and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. Price Green & Co Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF Date: ............................................. This page does not form part of the statutory financial statements Page 8 **Hassocks Community Organisation** ## **Detailed Income and Expenditure Account for the Year Ended 31 March 2023** |**Turnover**
Hassocks Youth Projects
Rail Group
Cycle hire & repairs
Village Market
Star Cinema
**Cost of sales**
Opening stock
Purchases
Wages
Closing stock
**GROSS SURPLUS**
**Other income**
Millenium Clock
Light up Hassocks
Cinema screen hire
Central administration
**Expenditure**
Rent & rates
Hassocks Youth Projects
Rail Group
Insurance
Village market
Star cinema
Light up Hassocks
Millennium Clock
Hassocks Cycle Hire
Green Group
Administration postage &
stationery
Advertising
Repairs and renewals
Sundry expenses
Accountancy
Donations
**Finance costs**
Credit card - cycle hire
Carried forward|**31.3.23**
**£**
**674**
**-**
**6,381**
**2,527**
**4,091**
**1,774**
**1,188**
**3,866**
**6,828**
**(1,896)**
**2,291**
**6,685**
**-**
**2,669**
**175**
**1,411**
**50**
**260**
**2,511**
**2,466**
**3,207**
**271**
**474**
**132**
**1,128**
**-**
**138**
**255**
**1,596**
**932**|**£**
**13,673**
**4,932**
**8,741**
**11,645**
**20,386**
**15,006**
**5,380**
**480**
**4,900**|31.3.22
£
1,676
450
6,406
2,565
1,545
1,915
2,019
3,897
7,831
(1,774)
-
-
390
2,115
86
576
707
108
1,884
1,812
-
-
626
339
775
71
600
244
1,782
380|£
12,642
6,057
6,585
2,505
9,090
9,990
(900)
676
(1,576)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 9 **Hassocks Community Organisation** ## **Detailed Income and Expenditure Account for the Year Ended 31 March 2023** |Brought forward
**Depreciation**
Plant and machinery
Fixtures and fittings
**Profit on disposal of fixed assets**
Fixtures and fittings
**NET SURPLUS/(DEFICIT)**|**31.3.23**
**£**
**1,953**
**-**|**£**
**4,900**
**1,953**
**2,947**
**-**
**2,947**|31.3.22
£
-
1,127|£
(1,576)
1,127
(2,703)
215
(2,488)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 10 CHARITY COMMISSION FOR ENGLAND AND WAtES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the Iru819es Hassocks Community Organisation On accounts for tho year ended 31st March 2023 Charlty no (If any) 118? 04Tr Sat oul on pages I report lo the trustees on my examinatDn of the accounts of thg above charity (Ihe Trusv) for tha year erKled Responslbllltles and basls of report As the charitys trustees. Y￿ are responsible for the preparation of tho accounts in accordance wtth the requirements of th8 Chariti8s Act 2011 ('the Acr). I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all th8 aPpI￿able DirectK*ns given by the Charity Comrnission under section 145(5)(b) of the Acl. Independent examlner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination (other than that disdosed balow") whth gives me cause to beliava that in, any material respect: the accounting records V￿re not kept in accordance with section 130 of the Charities Acl. or the accounts did not accord the accounting r8cords,' or the acGounts did not comply with tha appliGable requirements concerning the fonn and content of accounts Set out in the Charities (Accounts and Rewrts) Regulations 2008 other than any requirement that the a¢¢(xJnls give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concems aThJ have corne across no oth8r matters in conneGtion with the eXaMinat￿n to which attention should be drawn in this report in order to enable a proper urKlerstanding of the accounts to ba reached. ' Pl&as8 delete the words in the brackels if th9y do not apply. Signed: Date: 21-031* Name: Relevant professional quallficationls) or body (If any): UA IER Oct 2018 Address: Price Green & Co Accountant Lynp.eni Ilu(Ise, I Vicioria Ivay Tel.. 01444 257047- Fax 01444 254303 Section B Disclosure Only ￿mPlete rf the examiner needs to highlighl malorial matters of con￿r￿ (see CC32. Independent examination of charity accounts: directions and guidance for examiners). Give hero brief detalls of any ltsms that the examlner wishes to dlsc1038. IER Oct 2018