CHARITY REGISTRATION NUMBER: 1051091
HOVE CIVIC SOCIETY
UNAUDITED FINANCIAL STATEMENTS
31 MARCH 2022
HOVE CIVIC SOCIETY
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 18 |
HOVE CIVIC SOCIETY
TRUSTEES' ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name Hove Civic Society Charity registration number 1051091 Principal office 43 Hove Park Villas Hove BN3 6HH The trustees
A Nichols E V E Evans H Lusser A Haicalis K Janzon P Lowe J Kapp H James B Ryder N Urbanski S Law-Smith Independent examiner Mr C J Kyffin-Walton UHY Hacker Young Chartered Accountants 168 Church Road Hove East Sussex BN3 2DL
Structure, governance and management
The charity is an unincorporated association and was establish under a constitution adopted on 10 October 1995 which was amended by resolution on 16 October 2014.
Objectives and activities
To encourage high standards of architecture and town planning in Hove. To educate the public in the geography, history and architecture of Hove. To encourage the preservation, development and improvement of features of general public amenity or historic interest. The society shall have power to do all such lawful things as are necessary for the achievement of these objects.
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HOVE CIVIC SOCIETY
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2022
Achievements and performance
The Charity has achieved its objectives during the current year by building a cultural sculpture, holding educational lectures and planting trees. The trust has incurred management and administration charges in the year totalling £20,519 (2021 - £17,436).
Financial review
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operation and finances of the Charity and are satisfied that systems are in place to mitigate the exposure to major risks.
The trustees' annual report was approved on 20 October 2022 and signed on behalf of the board of trustees by:
A Haicalis Trustee
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HOVE CIVIC SOCIETY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOVE CIVIC SOCIETY
YEAR ENDED 31 MARCH 2022
I report to the trustees on my examination of the financial statements of Hove Civic Society ('the charity') for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Mr C J Kyffin-Walton Independent Examiner
UHY Hacker Young Chartered Accountants 168 Church Road Hove East Sussex BN3 2DL
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HOVE CIVIC SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| Period from | |||||
|---|---|---|---|---|---|
| 27 Jan 20 to | |||||
| Year | to 31 Mar | 22 | 31 Mar 21 | ||
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 2,276 | 23,843 | 26,119 | 8,249 |
| Charitable activities | 5 | 447 | – | 447 | 1,224 |
| Investment income | 6 | – | – | – | 1 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total income | 2,723 | 23,843 | 26,566 | 9,474 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 7 | – | – | – | 51 |
| Expenditure on charitable activities | 8,9 | 2,403 | 18,116 | 20,519 | 17,385 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 2,403 | 18,116 | 20,519 | 17,436 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 320 | 5,727 | 6,047 | (7,962) | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 10,870 | 86,640 | 97,510 | 105,472 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 11,190 ৶৶৶৶৶৶৶৶৶ |
92,367 ৶৶৶৶৶৶৶৶৶ |
103,557 ৶৶৶৶৶৶৶৶৶৶ |
97,510 ৶৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 15 form part of these financial statements.
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HOVE CIVIC SOCIETY
STATEMENT OF FINANCIAL POSITION
31 MARCH 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Intangible assets | 14 | – | 384 | |
| Tangible fixed assets | 15 | 78,329 | 76,606 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 78,329 | 76,990 | |||
| Current assets | ||||
| Cash at bank and in hand | 26,668 | 21,240 | ||
| Creditors: amounts falling due within one year | 16 | 1,440 | 720 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net current assets | 25,228 | 20,520 | ||
| ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 103,557 | 97,510 | ||
| ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net assets | 103,557 | 97,510 | ||
| ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Restricted funds | 92,367 | 86,640 | ||
| Unrestricted funds | 11,190 | 10,870 | ||
| ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 17 | 103,557 ৶৶৶৶৶৶৶৶৶৶ |
97,510 ৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 20 Oct 22, and are signed on behalf of the board by:
A Haicalis Trustee
The notes on pages 6 to 15 form part of these financial statements.
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 43 Hove Park Villas, Hove, BN3 6HH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
3. Accounting policies (continued)
Incoming resources (continued)
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
3. Accounting policies (continued)
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
- Straight line over 3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred.
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:
-
It is technically feasible to complete the intangible asset so that it will be available for use or sale;
-
There is the intention to complete the intangible asset and use or sell it;
-
There is the ability to use or sell the intangible asset;
-
The use or sale of the intangible asset will generate probable future economic benefits;
-
There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
-
The expenditure attributable to the intangible asset during its development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 5% reducing balance - Fixtures and fittings Plinth 10% straight line - Fixtures and fittings Sclupture 5% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 150 | 23,843 | 23,993 |
| Subscriptions | |||
| Members subscriptions | 1,227 | – | 1,227 |
| Other donations and legacies | |||
| Gift aid receipts | 899 | – | 899 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 2,276 | 23,843 | 26,119 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 1,684 | 5,267 | 6,951 |
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Subscriptions | |||||
| Members subscriptions | 844 | – | 844 | ||
| Other donations and legacies | |||||
| Gift aid receipts | 454 | – | 454 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 2,982 | 5,267 | 8,249 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Sale of goods/services as part of direct | |||||
| charitable activities | 447 | 447 | 1,224 | 1,224 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 1 | 1 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and legacies | |||||
| - Donations | – | – | 51 | 51 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 8. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Activity type 1 | 2,403 | 18,116 | 20,519 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Activity type 1 | 3,810 ৶৶৶৶৶৶৶ |
13,575 ৶৶৶৶৶৶৶৶৶ |
17,385 ৶৶৶৶৶৶৶৶৶ |
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total | fund | ||
| directly | 2022 | 2021 | |||
| £ | £ | £ | |||
| Activity type 1 | 20,519 | 20,519 | 17,385 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 10. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Amortisation of intangible assets | 384 | 448 | |||
| Depreciation of tangible fixed assets | 7,529 | 8,412 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||||
| 11. | Independent examination fees | ||||
| Period from | |||||
| Year to | 27 Jan | 20 to | |||
| 31 Mar 22 | 31 Mar 21 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | – | 720 | |||
| ৶৶৶৶ | ৶৶৶৶ | ||||
| 12. | Staff costs | ||||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | ||||
| Period from | |||||
| Year to | 27 Jan | 20 to | |||
| 31 Mar 22 | 31 Mar 21 | ||||
| £ | £ |
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
| 14. | Intangible assets | ||
|---|---|---|---|
| Development | |||
| costs | |||
| £ | |||
| Cost | |||
| At 1 April 2021 and 31 March 2022 | 1,152 | ||
| ৶৶৶৶৶৶৶ | |||
| Amortisation | |||
| At 1 April 2021 | 768 | ||
| Charge for the year | 384 | ||
| ৄৄৄৄৄৄৄ | |||
| At 31 March 2022 | 1,152 | ||
| ৶৶৶৶৶৶৶ | |||
| Carrying amount | |||
| At 31 March 2022 | – | ||
| ৶৶৶৶৶৶৶ | |||
| At 31 March 2021 | 384 | ||
| ৶৶৶৶৶৶৶ | |||
| 15. | Tangible fixed assets | ||
| Fixtures and | |||
| fittings | |||
| £ | |||
| Cost | |||
| At 1 April 2021 | 103,463 | ||
| Additions | 9,252 | ||
| ৄৄৄৄৄৄৄৄৄৄ | |||
| At 31 March 2022 | 112,715 | ||
| ৶৶৶৶৶৶৶৶৶৶ | |||
| Depreciation | |||
| At 1 April 2021 | 26,857 | ||
| Charge for the year | 7,529 | ||
| ৄৄৄৄৄৄৄৄৄৄ | |||
| At 31 March 2022 | 34,386 | ||
| ৶৶৶৶৶৶৶৶৶৶ | |||
| Carrying amount | |||
| At 31 March 2022 | 78,329 | ||
| ৶৶৶৶৶৶৶৶৶৶ | |||
| At 31 March 2021 | 76,606 | ||
| ৶৶৶৶৶৶৶৶৶৶ | |||
| 16. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals and deferred income | 720 | 720 | |
| Other creditors | 720 | – | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ||
| 1,440 ৶৶৶৶৶৶৶ |
720 ৶৶৶৶ |
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HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 20 | |||
| 1 April 2021 | Income | Expenditure | 22 | |
| £ | £ | £ | £ | |
| General funds | 10,870 | 2,723 | (2,403) | 11,190 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | At | |||
| 27 January 20 | 31 March 202 | |||
| 20 | Income | Expenditure | 1 | |
| £ | £ | £ | £ | |
| General funds | 10,524 | 4,207 | (3,861) | 10,870 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Restricted funds | ||||
| At | ||||
| At | 31 March 20 | |||
| 1 April 2021 | Income | Expenditure | 22 | |
| £ | £ | £ | £ | |
| Plinth | 78,705 | 16,774 | (14,516) | 80,963 |
| Tree | 7,935 | 7,069 | (3,600) | 11,404 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 86,640 | 23,843 | (18,116) | 92,367 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | At | |||
| 27 January 20 | 31 March 202 | |||
| 20 | Income | Expenditure | 1 | |
| £ | £ | £ | £ | |
| Plinth | 88,488 | 292 | (10,075) | 78,705 |
| Tree | 6,460 | 4,975 | (3,500) | 7,935 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 94,948 ৶৶৶৶৶৶৶৶৶ |
5,267 ৶৶৶৶৶৶৶ |
(13,575) ৶৶৶৶৶৶৶৶৶ |
86,640 ৶৶৶৶৶৶৶৶৶ |
- 14 -
HOVE CIVIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2022
18. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Intangible assets | – | – | – |
| Tangible fixed assets | – | 78,329 | 78,329 |
| Current assets | 2,882 | 22,346 | 25,228 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 2,882 | 100,675 | 103,557 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Intangible assets | – | 384 | 384 |
| Tangible fixed assets | – | 76,606 | 76,606 |
| Current assets | 10,870 | 9,650 | 20,520 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 10,870 | 86,640 | 97,510 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 15 -
HOVE CIVIC SOCIETY
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2022
The following pages do not form part of the financial statements.
- 16 -
HOVE CIVIC SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| Period from | ||
|---|---|---|
| Year to | 27 Jan 20 to | |
| 31 Mar 22 | 31 Mar 21 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 23,993 | 6,951 |
| Member subscriptions - unrestricted | 1,227 | 844 |
| Gift aid receipts | 899 | 454 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 26,119 | 8,249 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Sale of goods/services as part of direct charitable activities | 447 | 1,224 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Investment income | ||
| Bank interest receivable | – | 1 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Total income | 26,566 | 9,474 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Purchases | – | 51 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | ||
| Purchases | 1,683 | 1,399 |
| Insurance | – | 1,690 |
| Legal and professional fees | 720 | 720 |
| Amortisation | 384 | 448 |
| Depreciation | 7,529 | 8,412 |
| Plinth expenses | 6,603 | 1,215 |
| Tree planting | 3,600 | 3,501 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 20,519 | 17,385 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 20,519 | 17,436 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 6,047 ৶৶৶৶৶৶৶৶৶ |
(7,962) ৶৶৶৶৶৶৶৶৶ |
- 17 -
HOVE CIVIC SOCIETY
NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| Period from | ||
|---|---|---|
| Year to | 27 Jan 20 to | |
| 31 Mar 22 | 31 Mar 21 | |
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising donations and legacies - Donations | ||
| Donations - purchases | – | 51 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄ | ৄৄৄৄ | |
| Costs of raising donations and legacies | – | 51 |
| ৶৶৶৶ | ৶৶৶৶ | |
| Expenditure on charitable activities | ||
| Activity type 1 | ||
| Activities undertaken directly | ||
| Direct charitable activity 1 - purchases | 1,683 | 1,399 |
| Direct charitable activity 1 - insurance | – | 1,690 |
| Direct charitable activity 1 - legal and professional fees | 720 | 720 |
| Direct charitable activity 1 - amortisation | 384 | 448 |
| Direct charitable activity 1 - depreciation | 7,529 | 8,412 |
| Direct charitable activity 1 - plinth expenses | 6,603 | 1,215 |
| Direct charitable activity 1 - tree planting | 3,600 | 3,501 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 20,519 | 17,385 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 20,519 ৶৶৶৶৶৶৶৶৶ |
17,385 ৶৶৶৶৶৶৶৶৶ |
- 18 -