REGISTERED COMPANY NUMBER: 00611762 (England and Wales) REGIsfERED CHARITY NUMBER: 221623 REPORT OF THE TRLISTEES AND UNAUOITED FJMANCIAL STATEMENTS FOR THE YEAR Et4DED 31 DECEMBER 2023 FOR OLD HASTINGS PRESERVATION SOCIErY UMrrED Aojity Profeslonal Partnerthip LLP Unit 2.02 High Weakj House Glovets End Bexhill East Sussex TN39 SES
OLD HAsfINGS PRESERVAIION SOCI UMrrED COIITepirs OF THE FINANCIAL sfATEMEPITS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Trustees Ito3 93tement of Tnths RestyJn5iknlities I1)dendent Examinerfs RepK)rt ststerrnt of nallal Actmtles BaLarTr Sheet 7t08 Nctes to the nd01 Stments 9t013 C*tsiied Ststement of Flnandal Actmt 14to15
OLD HAsfiNGS PRESERVATION SOCZEfY LIMrrED REPORT OF THE TRuEEs FOR THE YEAR ENDED 31 DEMtsER 2023 The trustees. who are also direciots of the charity for the wryx)ses ofthe Companies Act 2LN)6. present their rert with the financial statements of the charty for the year ended 31 December 2023. The trustees have adopted the provlsions of Accounting and Repong by ChaiTbes: Strtent of Recommended PrartiTr applicable to tharitt.es pparing their accounts irb accordan with Finanaal ReportiThJ Stsndard applicabk in UK and Republic of Ireland {FRS 102) (efftcbve l January 2015). OBJEalVES AND ACtivtllES Objectlves and alms The charity's obiects are set out in the Mem(¥aM1um of A%(tiation. are to pronth the [manent preservation of, for the benefft of the NaOn. LIk11ngs of Ixauty or hlstorical interest and In partlcular, such bulldlngs in the Prfjrough of Hastings: and to foster an appreciation of the history of the town of Hasb"ngs and to preserve evidence of that hlstory. Slgnlllcant actlvi These objectwes are achieved by the Council of Management promoting the following principal activibes; to eno)urage archftecture, tlesign and plannlng in the b)wn, partlculady In designated consetvath)n areas.. to oprM)se inapproprtate developments Ilkely to destroy the historlcal character of the town; to operate and manage the shemien's Museum. to manage the HaSng5 Hlstory House for research, dlsplay and asLted use as set out In the tharity's objects; and to oTrordinate the 01(i Toym Camival Week prcgramme. Public benefft The Cwncil of Management have regard to the Charity Commlsslonets, gUKlan on putAK benefft and consKler the provsion of free access to bLh Hast'ngs Hiory House arml the Fishermen's Museum and the research seNte5 prov*Yed fuffil this. The Fishermen'5 mleum preseffts, records and exhibits all aspects of the Ha5tings fishing industry PH5L and present aTKI opens dally. The Sc¢tety wlthin ts offiS at the Hasb"ngs History House, 21 Courthouse Stree¢ house5 an archfve colle(tion relevBnt to the h15tory of Has)"ThJs. Thls Is orRn three (tsys a week (Jlsplawng exhlbthns of the town s hlstory. In 2023 the History House has moved the model of a Ilfe in the l(Kal fishing communty to the Fishermen s Museum. Both Ven have staff and volunteers to answer enquiries, and offer an email aTrJ ¥%Eb SeN1 for the same. DonatN)ns are encouraged. Guhled walks and tslks are organised at and from venues. We held our AGM at the History House In June fdlowed by a talk on snlppets of l¢Jcal hlsW. The Webte aThJ medla preserKe continue5 to be upjated, maintsined and much used. ACHIEVEMENT AND PERFORMAIKE Charltable activities The Society continLJes to Cons its collect#ins ar utilise these for exhibibons, education and events. Ema51 aThJ telephone enquities have continued a1 have teen answered where possible. Many Lf Jr enquiries cune frrhn local resklents interested in local history. Our walks programme continue5 to tE w)pular. Both the 5heMn.$ Museum and the History House are SUPkW)rted by voluntsers. We held our AGM In June followed by a tslk.. Volunteers tinue to ork on Exploring History In HaSng$ Cemetery - further rewrch and recordlng, updatyng the websote, answerirwJ enquires and tsking guided walks continues. We condnue maklng representstlons on plannirvJ matters ¥there applicthle and have a representstive on Coastal Users Groly. FINANCIAL REVIEW Prinapal fvndlng sources Our primary ino)me is from publk donaiions from Msltors to our fishermen's Museum. History House and fr(fi fundraising. Income also artses from our investments with COIF.
OLD HAStINGS PRESERVATION SOCIEfY UMrrED REpoKf OF ThE TRUStEES (cont) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW (cont) Inveslment poliry and objectlves The Cntil of Management has pled the sooety's investments with the COIF a)arlt(es Deposit Furhjs managed by CCLA Investment Managemert Ltd. The fijnd 15 de&gned to provide capital growth and Mslng Income oNtr twne. The portfolio is invested rnainly in ue5 but will a150 indude fixed interest secuiitres PrOrty and other asse ReseThes polky The Councll of Marogements Is to rctaln 5fficient reseNes neSary to cover the ccst of walrs and Maintenan to its freehold and leasehold prltieS and to cover the day to day running costs of the fishennen's Museum and HastiThJs History HoLtse for a rk)d of tsvelve months. FLwfLIRE PLANS We are planning a fijll programme of gwided walk5 for 2024. We contlnue to rn(r plannlng application5 contribute to relevant lool consultstions. We also continue to organise our cdlections make their content rr aSSIble. Research cont(nues, enquiries answered and the webstss developed. New voluntee are welcomed. enlarged and utKJated second edlb.on of our LKok on The Ridge, wès printed In 2023 . We mntinue to attrnct enquiries wortdwide. We wlll contr.nue to yrk with other local socieiies. The Council of Management will continue to seek enthusiaslic and sknlled trustees. srRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The organlsation is a charitable comFony limited by guarantee, incorpLYated C 24 sepb 1958, whith to(A( over the attlvfcles of the stttety whth had been founded in 1952. It was registered as a charty on 10 January 1964. Reryulknent and appolntmert of Coundl of Managennt The trustees are also directors of the tharity for the purwses of the Companoes Act 2(K16 are known as members of the Counal of Management. UThJer the requirements of the Memcrandum anLI Artides of AssoaatKJn the EMberS of the Councll of Management are elerted to seNe for a of three years after which must te rtreletted at the next annual generdl meeting. All members of the Council of Management gfve their voluntsrlly and receive no LEnefits from the tharity. New trustees are appcrf'nted from the membership, and the Coundl of Management seeks recruits who have the appropriate technkal skllls and Ixjslness exrerience. The Council of Management held five meetings In 2023 in addition to the AGM. Trustee IndyLtlon and tralnlng Trustees are familiar wrth the practKal work of the tharity and rK05pechve tnistees are given detalls of the dutie5 aTrY re5p)nsblleS of the obligation5 of the Counal of Management membeys, the princlple dctuments ¥thich set out the 00tional framework for the charity including the Memordndum and Arb'des, resourdng and ojrrent financk?I pOS10N as set t in the latsst faThial statements tLKJether with the future and objertives. Rlsk management The Council of ManwJernent L¥¥Jwto)k a revaluatton cl assets In 2019 and are confident In the risk managemert poliae5. Page 2
OLD HAsfiNGS PRESERVATION SOCIEtY LIMttED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMIMISTRATIVE DEfAllS Reglstsrnd Compjny number 00611762 (Er4Jland and Wales) Registered Charity number 221623 Reglstered offl 21 Couthouse Strect HASTINGS East Sus*x TN34 3A D F Colllns J Breed5 Mrs J Culy9)n Appointed 9.6.23 Appointed 9.6.23 DJADeeks M Hunter J Miller S Peak M Plumte Mrs C A Pcrter Mr5 A E Scott MBE pJintsd 9.6.23 Ceased 9.6.23 Died 31.10.23 Mrs C A Porter Independent examlner Acuity Professional Partnership LLP Unit 2.02 High Weald House Gk)vers End Bexhill East sUX TN39 SES Page 3
OLD HAsnNGS PRESERVATION SOCIETY LIMrrED srATEMENT OF TRVSTEES RESPOMSIBILrriES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees {who a also the dettor5 of Old Hastings PreseNation lety Lbmftsd ftr the purpos rf COmpV law} are respjnsible for epariN# the Report (f the Trustees the finantièl in accordance wrth appfi17tAe law and Ursf(ed Kingthth kcounting Stsndards {United KiWom Generally Ac(£pted Accounting prath"1 1ndlng Financi Reptyb"ng Stsndard 102-The Flnandal Rep2rtlng Standard applicaNe In the UK ancl Republic of IrelarKt- Company L3w I1¥e$ to prepare flnanoal aatements for each finandal year whkh we a true anLI falr of the state of affairs of the Cha¢Itab ttpar and of the Incoming resour5 ar appllcallon of resources, indudrrfJ the uicome and eyn(kiure. of d)aritsble company for that perlod. In preparing those finanaal statements, the tswstees I reoulred to 5eknA sutal)k (OUntrng Fdiues antl then apply them conlstentty,. obserye the met)5 a1 in the Charty SORP; make judgents and estmate5 that are reasonable and pwdent; sbte whether aPkable accourting skndards have been foJlcAYed, 5ubJert to any matral departures disdosed and explained in the finanoal statemen prepa the anCIal statements on the gn9 ¢ThKem basfjs unk&% it ts InampFiate to presume that the chaitabk cottwany will thntinue in buslnes5. The trustees are re$$1b1e foT kpIng proper accountlng ordS whkh vilh reh50naL4e accuracy at any ttme fin0a1 Fo$iC of the th9rrtabEe company and to enable them to ensure bhat the financk?I statements compty the QmFwnies Act 2006. They prt also respongble fDf safeguardlng the assets of the tharkable comF¢ny and herKe ng reosonable steps for the preventm detection of frdud arHJ vttr irregu]artie5. IncorFc¢abng a strategK rem approved by order of the toaTd of trustees. as the comn¥ and slgne(F cffi the knrd s tehalf bv.. Report of the dIrett5, on . Mrs Ascott MBE. Trustee Page 4
INDEPEfiDErrr EXAI4JN£R'S REPORTTOTHE TRUSTEES OF , OLD HAsfINGS PRESERVATION SOCIErY uMtrED Independent examlnerfs report to th# trnst••s af Old IlasUng$ Preservatlon Society Llmlted Cthe compan I repcrt to the charity trltstees on my exaThlnation of the accounts for the year ended 31 Dernber 2023. RespDnslbllltl¢s and ba515 of ert As the d)arfty'strustees of the Cornpy (and also Its directors for the purrM)ses of comFQry L3w) are respJn5ible fDr the prepardtton cthe accounts in accoNjan wth the wulrements ofthe Companies kt 20C6 fthe 2[1 Act?. satlsfied my]fthat the acc(HJnts of the Company are not requlred to be auded unts Part 16 of the 2006 Art and are eligible for independent examinallon. I report in resped of my examlnation d your tharws M)unts as carrd out under 5ectton 145 of the lJwr6bes Act 2011 Cthe 2011 Act?. In canylng out my eyAmlnadcffi I have foll9v the Direthns en by the {arIty Cornmlsshx under sectlon 145(5) Ib) of the 2011 Ihd•p¢ndént examlnerfs st4t•m¢nl I ha Cometed my examirwtion. I that no mers hs¥t corne to ffly thrt)n In Cc¥Mect[ with glvSng me cause to beleve: Accourtlng rec(xds kept in re5PCt of theComF& as requirej by section 386 of the 2C(6 ALt, or 2. The accounts do Fk)t accord wrf(h those reCrd5. or 3. The accounts (kj not comjy wth the acrounting reqments of secticffi 396 ofthe 2( ALt (thrthan requlremert that the amints ge a true and fair view whith Is not a matter conshJereLI as partof an independent examlnatbn. or 4, The aca)unts have Th)t been prep¥eil In accordan with the methods ana winaples of the Ststement of Retommended Pr for the aCuntir reporting by chartte5 [appLb]e to chaTlttes PTeparirvJ thelr counts in accordan with the ff nandal Reportlwlg strrard apicae in the UK and Republic of Iland (FRS 102)]. I have no and have a(yw Other rts3ttets kn connethon with the examlnaOC to whlth ottenlc ould be ¢Yrawn In th& rewt In order to a prrw uThJer51andlNJ of the accounts to be rexhed. .J Rad Taykf FCA Acuty Profe55Th01 Pwtheryhip LLP Unit 2.02 HI Weald Hwse Glovers End Bexhill East Su TN39 SES The ftrfm part of these firtanclal statements Page 5 continued...
OLD HASTINGS PRESERVAfioN SOCIETY LTD ATEMErir OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2023 Notes Unrestriited Restrl¢led Rtnds Funds Toial Funds 2023 Totsl Funds 2022 ZNCOME AND ENDOWMENTS from Local Authority SUre Gt7nts DonatM)ns Other trnding AttIVe5 Investrnait IrKc*ne 6,667 42,504 4,543 4.269 38,388 4,699 5,021 510 38,898 4,699 5,021 Tatsl 48,108 510 48.618 57,983 expENDITURE on Raislng Funts Cther 25,933 47,718 25.933 49,393 19,1]03 44,935 1,675 Totsl 73.651 675 75.326 63.938 Increase(Fall) in value of Irwestments 12,877 12,877 (18,130) (12,666) (1.165) {1331} {24.085) RECONCILIATION OF FUNDS Funds brought forward l January 520,426 4,290 524,716 548,801 TOTAL FUNDS Cèvrled Fornard 31 Dec4mber 507,760 3.125 510085 524,716 ljl Inc¢me and exFend6ture has arisen from ccntinuing coerati5 The Th)tes forrn part of these financial siatemerts Pdge 6
OLD HAsfINGS PRESERVATION SOCIETY LTD BALANCE SHEEf A5 AT 31 DENBER 2023 Unre5tTiCttrJ Funds RestrKted Tctal Funds Funds Total Funds 2022 FIXED ASSETS Tarrfjlble A 302,329 302.329 317,436 Investsnents 155,502 155,502 142,625 457.831 457.831 460,C61 CURRENT ASSErs Debtors Prepayments Cash at bank and in FktKI io 3,714 4,9 46,613 1,450 4,954 49,738 1.450 3,125 61,989 55,281 3,125 58,406 68,443 CREDrroRS Amounts falling within a year li (5,352) (5.352) 13.788) NEf CURRENT ASSETS 49.929 3,125 53,054 NEf ASSErs 507.760 3.125 510M5 524,716 FUNDS Umestrited funds 12 507,760 520,426 Restrthd funds 15 3,125 4,290 TOTAL FU14DS 510,885 524,716 The notes fom part of these finaKral statements Page 7 continued...
OLD HAsllNGS PRESERVATION SOCIErY uMIrED ALANCE SHEET. CIINIINUED AT 31 DECEMBER 2023 The Chairob company is entithd to exeryti(xi from aud Section 477 CcffiFonEs kt 20(6 fry the ar end&1 31 December 2023. The members have not required the thartst4e CLYnpw to oitain an audEt of its finala1 slatements fu the year eThd 31 Dember 2023 in accordan with Sectlon 476 of the CLpHnieS Art 2006. The tfitss aCknoWge thek reSpClbes for (a) ensuring that the charitsbk comFony keep5 a¢countthg recfwts that ciwnply SertKns 386 and 387 of the Companles Art 2tQ6 and prearn9 fina5al statements wlith give a twe falr ¥W of the State of affairs of dwitabte company as at the eThJ of eath finandal year and of ts surplus CK defkit for each finandal year in accordan Vth the uTernents of Sedions 394 and 39S and whKh otherw(se comply the requirements cl thè Comp4nles Att 16 relaVThJ to finarKlal styernents. so far ès aptsb1e to the charftsbk compary. These fmandal statements have Leen prepared in accWlan with the spedal prrnds(r6 of Part IS of the Crynpon5 kt 2( relatlng to small tharrtat4e conynles. (b) The finanaal statsrnents approved bythe Board ofTruslees on and were *Jned ts behalf ty: Ce) A Wt MBE-Trustee The Th)te5 fom p3rt rf these fina11 statements
OLD HASTZNGS PRESERVATION SOCIETY iIMTfED NOTESTO THE FXNAMCIAL sfATEMEIITS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUIITING POLICIES Basls of preparing the Ilnandal statements The financyal statements of the charitsble company, which is a public benefft entty under FPS 102, have bee prepared in accordan wth the Charities SORP (FRS 1021 Accourting and ReF¥)rting by Chartdes: Statement of ReMmmendl practi applicable to charities preparlng th'r accounts in accordan(t wf(h the Financol RewIng Standard applicab in the UK and RepU1C of Ireland (FRS 102) (effertNe l January 2015)., Financh41 Reporting sdard 102 The Financlal Rep¥Jrting Stsndard ap1¢alle in the UK and Rekxjbiic of IreLind' and the CompanE5 Act 20C6. The finanaal statements have been prepared under the histortcal cost conventKM with the eXp.0 of Inve5tnnts are Iuded at market value, as m(Klifd ty the revaluatlon of certain asset& Income l #iccthe ts recognid In the Ststement of Financial AclNtts On the charity has entitlement to the funds, 11 is probable that the income ¥%lll te retrNed and the aftunt can be measured rellatly, Expenditwe Liatmlrbes are recc43nised as enthture as sn as there is a legal or constnJtt5ve obllgation commliting the thaiity to that exrendthre, it is probable that a transfer of eC0Mi¢ benefts VAII te required Settlement and the amount of the oblhJation can measLKed reliably. ExFenditure is accounted for on an accrua15 basis and has been dasgfied under headlngs that aggregate all cost related to the category. whe costs tannot be dire(Uy attributed to parfaclar headiThJ5 they have teen allocated to on a basis a)n51stent w6th the use of reSe$. Tanglble red assets The OHPS has three cdleLtis of herage assets which are hekl in support of the objffbve5 to foster an appYeck3tion the history of Hast¢ngs, of its fishing and rnaribme heritage and pr&£erve eVkIen of that heritage. The main cdlecbons are firstly the HastlThJ5 History House, which has a cdlecbon of prints, painng$. FknotL>Jraphs, p05t cards ar¥J trook5 within its archives. Secondly the collecbon wh1n the FisheTmen's Museum which include the Hasténgs Lugger RX278 Tr Enterprise together an extensive colleLticll) of ptOgph4 paintr.ngs and histor objetts a rkh archwe of historfcal material. The thlrd collection is tw exhSbted tside of the Fishemen's Museum whth include the net 5h(y5. the b)ats and other outslde exhljyts. T collethons were revalued by c(Nj1 of management in 2019. lFuded In Land & lIdings..- Freehold prO'e5 - The freehold property at 21 Courthouse Street is included at (x)st, plus capital addrtlons DepreCOat is provided at 2% pa. Iluded in Fixtures & FtbThJs:_ Net Shops and Extemal Dispday - Are currentty in the possesstr)n of the knety and are Indudd in the attounts and were revalued in 2019. Cpreo&ion is wvided at 5% pa. irtemal Displtys - These 45Ere revaId In 2019. Depreciation15 prOWd at 5Wo pa. OffKe & Ccrfnputer Eq1Mpt- DetYttthon is prOVe at 25% p3. History HOUSE Colecb¢Jis- These were reval 2019. Depreckion1s w0ved at 5Wo pa. Equipment and Improvements - Minor equItnt wrdlased by the and mlnor improvements cathed to 21 Courthouse &reet to the Flshermen's Museum are written off In the year cf exn(lituye to est&)lishment costs. TatIon The charity Is exemrt from corpOrat)n tsx on Its charltabie artfvr(S. Page 9
OLD HAsfiNGS PRESERVATION SOCIEfY LIMTtED NOTES TO THE FINANCIAL STATEMEIITS- C014TINUED FOR niE YEAR ENDED 31 DECEMBER 2023 AccouiifiNG POLICIES- contlnued Fund accounllng Unrestritted funds can be used in a([dan with the thartab obJthe5 at the discre( of the trees. Restricted funds can only be used tr paCUr restrKted purp thin ts cbjects of the charity. Restrictions arlse when by the donor or when funds are rnised for paClar restriLtsI purk>)ses. Further explanation of the nature and of eath fuThJ Is induded in the notes to the flnan(3al statwnents. Preparath)n of consolldated flnancial ststemenis The fin3n¢i41 statements contain informath?n atxxjt Old Hastings PseNatIon Sjdety mited as an indlvldual company. The company has taken the Lytion uThJer section 398 of the Companies Art 2006 Th)t to prepare consolidated fmancial statements. OTHER TRADING AcrIvrrIES 2023 2022 Fund raising Shop Income RM Hire 3,968 3,480 63 667 £4.699 4,543 INVESTMENT INCOME 2023 2022 Depjslt a¢xount interest Dividends 4,137 4,121 £5,021 £4,269 RAISING FIJNDS Raising donations and legaclas 1023 2022 Suwort (osts £25,861 £19,1XJ3 NET XNCOMEI{EXPENDrnIRE) Net ionl (eXpendre) is slated after thargng.. 2023 2022 Depreciation . 0¥d assets Induded In totsl depredatlon drge Is the sum of £12.325 that arises frcffl the revaluation of the assets. £16,127 £16,139 TRUSTEES REMUNERATION AND BENEFITS There wert no truees' remuneration or other tenefrts for the year en(d 31 DeMr 2023 nor for the year etd 31 Dember 2022. trij the year expense clalms were paid to the trustee5 which related to re1mbUmts of tharity exFe5 that had been pahd rsOnallY Page 10
OLD HAsfINGS PRESERVATIOM SOCIEfY LIMrrED NOTES TO THE FINAIICIAL STATEMEIITS- COltriNUED FOR THE YEAR ENDED 31 DECEMBER 2023 srAFF COSTS The avernje rnorthly number of employees duTing year wa5 as follows.. 2023 2022 No employees r1Ved emc4uments in exoss of £60,IKKJ. TANGIBLE PIXED ASSETS FreelK>kl Xie5 and prOty flttings Trtals cosr At l January 2023 Additions 174.248 261.820 436,068 At 31 Dthnber 2023 174,248 262.840 437,088 DEPRECIATION At I knuary 2023 54,985 63,647 118,632 Charge for year At 31 CMtEr 2023 58,470 76,289 134.759 NEf BOOK VALUE At 31 December 2023 At 31 December 2022 115,778 119 263 185,551 198 173 302,329 Included In cost for Flxiures & ffttings trUght forward cf £261.820 is a revaluation uplft of £218,491 FIXED ASSET INVEsfMENTS Unlisted Invesnts investments Totals MARKEf VALUE At l January 2023 137,824 4,801 142,625 rease In Value 12.877 12,877 NEf BOOK VALUE At 31 Deeernr 2023 150,701 4,801 155.502 There ¥%tFe no inv&tmert assets out*de the UK. UK11sted Inve5tsnents are stated at the market value provided by the COIF charle5 InVeStnt Fund as at 31 Defflber 2023. Unlisted investment in OHPS & FN Trading Co. Ltd (8563483). Thi5 Is a wholly owned subsKliary. 10. DErfoRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2023 2022 Other debtors £3,714 £1,450 Pdge 11
OLD HASTINGS PRESERVATION SOCIEfY LIMrrED NOTES TO THE FINANCIAL STATEMENTS- CONfiNUED FOR THE YEAR ENDED 31 DECEMBER 2023 11 CREDrroRS: AMOUNTS FALLING DUE wmiiN OME YEAR 2023 2012 Other Creditors £5.352 £3,788 12. MOVEMENT IN FUNDS Net movement In fvn(Is At 31.12.2023 1.1.2023 General fijnds 504,426 (2.666) 501,760 Covbj Grant 16,000 {io.(Ko) 6,iJOO Restrlcted funds General Restrbtted 4.290 (1,165) 3,125 TOTAL FUNDS 524 716 13 831) Net movement in ftjnds, induded in the atA)ve are as follows.. Incoming Gains or Movement In funds exFended Unyestrlcted fun¢ts General funds 48.108 (73,651) 12,777 (12,766) Restricted fvnds General RestrNtsI 510 (1,675) (1,165) TOTAL FUNIYS 75 326) 13 931) 13. RELATED PARTY DISCLOSURES The ujmpany owns 4,801 share5 In the ccfflpany OHPS & FM TRADING CO LTD (Co No". 085634831. The financkil statements for the subsidiary company have not been consolldated. Induded as a redtKti( of expenses for the Ilding company Is £23,[ being a contrfbutlon from Tradlng company to runnln9 Costs, 14. COMPANY sfATUS Lknder the Memorandum of Alat. every member of the Company is requested to contribute in the event of the wlnding up, suth an amount as maybe required, not exceediThJ 25p in addotson to any such sums due that are Foyable by hlm under the Artides of A$SatiOn. Page 12
IXD HAsfiNGS PRESERVATION soaETY UMrrED NOTES TO THE FINANCIAL sfATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 15. REsfRICTED FUNDS Morws have been thjnated speoficalfy for the HshemEn¥ Museum Exlernal Exhibits Fund and the balan at 31 rmber was £3,125 (2022 £4,290). Page 13
OLD HASTINGS PRESERVATION SOCIETY LIMITED Detalled Statsment of finandal ActIvItl for the ended 31 Dmber 2023 2023 2022 INCOME AND ENDOWMErirs Government Grants re dosure 6.667 Donations General TrIng Co 31,766 4,925 1,697 34,197 6,125 1,679 SubsulptnS 38x8 41,901 Other Tradlfftg Actl¥llles Fundraising Room Hire Shop at Hlstory House 3,968 667 3,480 i.ooo 63 4,543 Invastment Income Oividends Inte 4,137 4.121 148 5.021 4,269 Totsl Income 48,108 57.380 EXPENDITURE Other Repair5 & Renewals Depreaatl)n of tangible Foxed A55et5 5,663 16,127 4,042 16.154 21.790 20,196 pport Costs Management Rate5 & Water Insuran Light, Heat & Power Communications PThJ, Postsge & Ststlonery Sundry Expenses 929 4.949 8.895 2,673 1.158 1,303 4.622 3.860 2,533 I,ooi 1,352 20.050 14.6n Flnpn Bank Charyes 220 2 Wages Contribution from Tradlng Co AontanCY Project & E¥hIbitn Costs 52,521 {23,)0) 1,500 570 47,772 (21.000) 1,566 iio 31,591 28,448 Total Expendlture 7351 63,605 Net Incvme (Expenditure) (25,543) (*225) Galn5 (losses) on Investments 1¥77 {,130) NET MOVEMENT IN FUNDS (11666) (24,355) Page 14