REGISTERED COMPANY NUMBER: 00611761 (Engl•Dd •fid W•les) REGISTERED CHARrrY NUMBER: 121623 REPORT OF THE TRusfEES AND UPIAUDtrED FZNANCIAL STATEIIEIITS FOR THE YEAR ENDED 311)ECEMBER 2024 FOR UMITED Unit 2.02 Hh Weakl Hwse Gk)¥ers Efj Be¥hdl TN39 SES
OLD HASMIGS PRESERVATION SOCIETY LfMrrED CONTEIITS OF THE FIIWICIAL STATEMEIITS FOR ThE YEAR ENDED 31 DECEMBER 2024 Ito3 Indetht E¥Amlnerfs RekKrt balan Sheet 7t08 9t013 t*tslled Statement of FInal 14
OLD HAsfiNGS PRESERVATION soaEfY UMTFED REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The tnth, are a19) dKect(n cl dwrity ts the FwrpJses the compan pl12. Et rerxrt with the finandal statements rf the thaiity for Ihe year end&J 31 December 2024. The trustee5 have alorted the FYovision5 of AccountlThJ and Retth'rvJ ty Charibe5". stster[t of Reccrfnnn(Jed PfftlKe apKable to tharttre5 txeparing their accourts in accordan vith the Fnaroal Strthrd atible in the UK and IWblK of I18¢¥j (FRS 102) leffective l January 2015). OBJEcfIvES AND ACllVmES ObJ•ctlv•o and •lm• of, for terfft of the Naik)n. tMJlhJiNJs ( iwuty or hist(kal inTe5t and In partthkr, tyjlkjlngs In the PrOUgh of HasUNJs; aThJ to fo an awedakn (rf the try•vn H05tW aTrJ to e$eThe eVthe of that htstory, Slgnlflc•Dt •cUvltl These objertives are achithd ty the cr1 d Managenrt wlKIFo1 actts; to ercrage arthrtecture, de5hJn aThl r4annlThJ in the trm, partk)Jkrty In deggnttd tonservation area5. to opp)se Inapprowkte dents likety to histOFical tharpthr d tre tcrNn: to orerate and manage the Flshem)en's MLL8eum, to manage lfv HastirKJs House fly researth, thway aThJ assooknj use Js set out In the tr1$ objects: and to c(thlnats the C4d T¢) (ntrAl Vleek w4rnmme. Publlc b•n•fft The Council of Managemwt halt regard ts) tr Owrity QxMsXrf gUkJae cm wblt tenefft Jnd o)nslder the provis1 of free access to Hastings History and the FheMn,$ Museum the reseatrh seMce5 kvDvlded fuffil thls. Tr F6shemnS Muum weserye5, recryts aThJ exhlbits all a9Je(ts (rf HastlrwJ5 fishlr¥J industy Past and present and OFen5 dally. wittiln its oftkes at the HarJ5 H15tryy Hwse, 21 cthSe Stree¢ h¢)uses an arthlve vant to hi#ory of Hastings runs a FYr)Jrnmme cl thaJ1j exhitxtion5 during the year. Thi5 Is oFen three days a b%tek disF4w'ro exhibkn"¢Y6 of Ihe tth•m's hthry and wekomlng 5rt5. Pthl venues have staff and volunteers to answer erqulries a1 offer an eynail aryl 5eryKe the sème. tknatths are enccAJrèged. GukJ8J walks and tslks a wJan15ed at and frryn t(rth ven. We hehj our AGM Hlstcry Hwse in June follNed bv tslk on a ktal tl)ctcgrr of the 18&Js was a150 on disth. The hse and 5cnal media prese¢ crntsnues to be ypjated, malntsin&J ard wd. ACHIEVEMEiif AND PERFORM Charltsble athlile• The Sctw ty"nueS to conserye Its llect$ ar uillise exhiL¥tths, èjucatlcm and events. Emall and tekphone eroulrles conn and have F¢Y•g'trAe. Many of enqulrles come frryn Icol Idents intsrested In hlskny. walks programme ccotr"nue5 to te Fwlèr. ecth the FheMen,$ M[um and the Hlstory House are sUP¥ted ty vc4unteers. We lld wr AGM in June fcllThd ty a tslk. Vclunteers c('nUe to work on Expn9 Hlstory in Hasilngs Cemetery . further rarch aThJ rttrYdiThJi updab'ng tr webslte, an5rJ erqulres tsklng gulded walk5 contlnues. We ccrtnue mak8 plaMINJ matters wtroJE iPFlkatk and hal a eSentsve on the Coastal User5 Group. FINANCIAL REVIEW Prlndpal lundlng •ouvc•• Ir primary Income ts from publK Msthrs to our Muse, History House from fvndrai4ng. Irthme also artses from investts with COIF.
REPORT OF THE TRUSTEES (cont) FOR ThE YEAR ENDED 31 DECEMBER 2024 InvegtThnt pollcy •nd obJethes The Council of Management has the sc(Ws Invests w6th the COIF Chartts Jnts man&Jed by CCLA Investment Man4ement Ltd. The Is destyned to fv caixtsl grcAth aThJ rtn9 iome or tlme. The xmrfdio is inved mainty in o]uibes txtt will also fix8J 4tterest sa)JritE5 proFety and cther assets. The Councll of Managemerts to retam resernts necessary to the cost of repairs Maintenan to its aThJ knehold aThd to the day to day rUnIn9 crtsts the shem'S Museum and Hasiings Hiory HoLLfe for a FerKrfl of rThkn. FIITURE PLANS We a On again planniThJ a fvll rTrJramme of walks for 2025. We (CtinUe lo mwitor planning app1KatyS and contrbute to relevant kxal Ille also LThtinL to trganlse cc4ecyth of MemornlIa and Make content of fv Museums more Cble. Researth cwrtinues. eUle$ answe. and the websttes develoO. In 2024 2,651 re0 visrted the History House aTrJ 95,020 the FI5,9 Mwum. We have a ShipkeeFer at the Fl$hemn.5 Museum. a1 a fresh eye on V41 he can offer. N1 wlLrteu5 are welc(wned. We C<ne to attrart enqulrks workJwKle. We clne trJ with crtlv k(al xKieties and crtlv axnmunty groups. pathsarty In prfyjudng a proJrnmme for tr annth CAd T(h•n CamNal WeeL The C4yJKJI d Manèjement contlnue to seek enthuslastt ènd s1 trLtstee5. srRucfuRE, GOVERNANCE AND PIAIIAGEMeprr Governlng docum•nt The organisatK)n is a tharltable company limlted by guarantee. Irl>ated w¢ 24 SekeMr 1958, vthlch trA)k over the of the socty whth had been fourJed kn 1952. It wered as a cffl 10 January 1964. R•crullment and appolntm•nt al CwTrdl ol M•n•pm• The trustees are also directors of the tharity Ic( the wrk))ses of Ccffipanies kt 2C are known as memt5 of the Coundl of ManagemenL Under the requirements of M&iKxandum aThJ Artth of Asxiation the members of the Coundl of Marogement are eed to serve fc a of three years afttr whhth tty musl be re¢ted at the nec annual gereral meedng. Ml memr5 of the CwrKiI of ManJJeffent 9lve thelr tfime 4ntrty afKI recefve no berffts from the charity. New trLty are apkKynbJ from ntrShIp. a1 the Cwndl of Management seeks recruits wtrh) have tt apyopriate trthnKal thlls and kn wriertt. The CC)1 of Manageth held fNe meetlngs in 2023 addthi to the AGM. Try•tw InduLllon •nd tr•lnlffiJ Trustee5 are familwr the p¥actical of the tharity TxOsFecti Inth are given detsils of Its dutie5 and responsih'llties of the colwS c¢ the CouKil d Mana9effwrt rrmbers, the nCiple ¢Sxuments whth set crt the 0eratnal lrnm&srfk for the charity indLJlng the Malum and Artide5, re&rtir8 arKI ojrrent fiftal roslkn as set rArt In the latest finarK) ststements to1 with futu F4ans a1 obJ&*¥es. Rlsk mJn•gement The CounOI of Management uftde a rern1uai1c of a55ets In 2019 rIknt In thek rtsk mjrwpment Pe5.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIIBER 2024 REFERENCE AND ADMINisfAATIVE DÉTAILS Cth11762 (England and Wales) 221623 HING5 East Sys%x TN34 3A Mr D F Colllns Mr J R Breeds Mrs J H Cublson MIDJADeeks Prof M Hunter Mr S Peak Mrs C A Porter Mts A E Scott MBE Comp•ny S•c¥•t•ry Mr5 C A Pryter Ind•p•nd•nt x*fflln•r Aculty ProfOnal Pathershlp LLP Unit 2.02 Hlgh Weakl House Gthers ETr Bexhill East Sussex TN39 SES
FOR THE YEAR EI4DED 31 DEMBER 2024 The trustees (wh) a atso tr dir&ty5 cl Hastirrfjs Llmitul for of (tyn1r Lryw) a reswngtk fty Wrirj Repjt of Tn&ees arK1 the fina1 In with aroicat4e law nd Untsj Kil) A£cLMJntiNJ gatNdallls (LkMt8Y Im)unting PractKe) Finandal Repjt'ry StsTh1a 102 Tr F0Th)a1 Rqyytir4 SiaThJart aatrIe in the UK aThJ IrdaTrJ" nrkiny law Wltires trE tnstees to F¥eire finaTh)al Statts) whth a lJue aThJ faK vM¥ LY the state Crf affai rf tharItle Cnrry ark1 cl the IrrLynir¥J atitiOn of resour5, InclLNJlrrfJ trustees are re]uira1 to obseNe tt afKI in tts Owity W; rx1 ewalwl In fir53rthl chaniat4e cnnY cryrtlnL In bJsth&s. the financbal pjgtion of the dntate conpany to effii tjvn to erni th)t the IaJaI 5tat8nents comr4y wrth tt Co)1pan Art 2CIK are 50 saf8JLwthrwJ tr* a55ets rrf the olartatAe company and hee for ReFAYt d tt dlreLtor5, on I Mrs A Scrtt MBE.Trn
INDEPENDENT EXAMINER'S REPORT TO THE TRiJsfEES OF OLD HASTINGS PRESERVAnON SOCIEfY LIMITED I rewrt to the dwrlty tru5tee5 my exaMInati entsl 31 fcwnber 2024. A5 the drty5 trustets ofthe Company (and akn 15 direLt(Ys fty the wrp)5es (rf crynpany law) ycw are reS[K1ble for HavlrKJ satisf mpll that the x((NJnts C(nFfjry are req to uTrler Part 16 of 2C06 Act Kl are elble for IndeFendent ey4mlnati)n. I rewt In nry e¥wnlnk)n dwrws accwnts as cwrd ¢>Jt under secto 145 of the Chattses Act 2011 Cthe 2011 W. In caryiThJ Lxrt my examhth I h)ve frA1Cw the tlrKfjons ghon by the (harity Comnlth se(tkn 14515) {b) rf the 2011 AI l. Acc<yJntyTrJ rncclds IK kew kn iesrtt CLryany as iewred ty sethjn 386 dthe 26 Act. or examlnthn; or Recommerthd PrnctKe fry tt Cnth¥j arKF repth Iy thaiitle5 latwtatle to dwrMk5 kYepartn9 thelr aCco¢ts In acc¢¥the FInal01 RerMyty'rwJ Stsrmlèrd awlKable In the UK and Rep(i4t of Irekirxl (FRS 102)J. Debjrnh Haryreaves ¥•4)Jty Prufessh)nal Partsv5hlp LLP Ltr4t 2.02 Htgh Weakl H(MJse IN Th39 SES
OLD NASTINGS PRESERVATION SOCIETY LTD srATEMEKf OF FIIIANCZAL Acllv FOR THE YEAR ENDED 31 DECEMBER 2024 Totsl Fur*Js 2023 Funds Fun(ts Fund5 2024 114COME AND ENDOWMEIITS frnm LcKal Authority Chmire Qonts 42.476 43,277 2.610 2,610 Investrnent Incr¥ne 5,021 Totsl 50,450 51,251 48,618 EXPENDITURE on Ralslng Fun(ts er 18,882 51,145 18,882 52,323 25,933 49,393 1,178 Tot•1 ni,027 178 7¥205 75,326 In(Tease In ¥ilue rf Eft 12,877 N•t Mov•m•nt In FwMI• {i&in) (377) (ifjwo) (1331) RECONCZUAfioN OF FUNDS Funds b[ht forward l Janujry 507,760 3,125 510,885 524,716 TOTAL FUNDS 491W7 748 498.335 510085 All Inco a1 eynditure has arisen cthknuir4 OFerntM oythnued...
OLD HAslliiGS PRESERVATION 9XfEfY LTD BALANCE SHEET AS AT 31 {EMBER 2024 TL*al Funds 2023 Fund5 FuThts Fts Tanglble Assets 2,711 286.717 302.329 Inves1ts Is8,? Is8,7 155,502 445,624 445,624 457,831 CURREKf ASSETS Debtors yments Cash at bank In Har io 414 5.6n 4S,327 414 5,677 48,075 3,714 4,954 49,738 2,748 51,418 2,748 54,166 58,406 CREDrroRS Amounts falling due withln a year li { 5,383) (5,383) { 5,352) NET CURREIIT ASSErs 46,035 1748 48.783 53.054 NEf ASSEfs 491,659 A748 494W7 510 FUNDS Unre4Jkted fuThJ5 12 491.659 507.7 15 2,748 3,125 TOTAL FUNDS 494A07 510W5 cbnUed...
AT 31 DECEMBER 2024 dwtatye ccthpany LS ertts) to frcAn 477 CtywanÈs 2006 fty seor 0ts131 [Ml 2024. Tre rrernLYs ha rKt re]uwo1 tre d)arltat4e oynpany to oLain an alit cl rts fuwKial Staterne fty the yaw fjm 31 2024 In wlth 476 crf trE Ccmpanies kt 2(KJ6. (a) emgJriivJ that tst charitstle c(Mpany k¥6 rryd$ tlwt coyth woth S&ilL¥L5 386 aNI 387 d tr CcmpanE5 kt arbj (b) weFodng fThrKlal stai}ts whth a1 falr si d affa5 dwtt3ble c(Mnpany as at the (d each finala[ year arK1 1[AuS for fina141 year in with the ulre))errts crf LtI)n5 394 aTrJ 395 aThY whKh cltw corn ¥¥lth ts r8julrfjts ComFoniES kt 2006 rdating to finaKial #aifJWts. so far as aAatIe to the thartsble c(Mnpany. kt 21Kffj relauffj to ttwltstrle c(Th The flnjrthl siat•nats appwl ty the Board d TrlLst cltI 41{ar tre ts btham ty: s A k(t MBE-Trustee
OLD HAsllNGS PRESERVATION SOCIETY UMrrED
NOTES TO ThE F114ANCIAL STATEMEifrs
FOR ThE YEAR ENDED 31 DECE148ER 2024
ACCOUIITIMG POUCIES
The financial statements tharrtabk cthnpany, whoch Is a Lrfft efitlty utNler FRS 102. have teen
prepared In aCcOrdae with the ljanbes SORP {FRS 102) Accwnting and ReF(sr)rKJ by ChaeS. Stateftt of
RemMeIed Pradke apFlicabk to th)rrt pYep3ring their Kcounts in acCOrdar wth the Anancial
Repx)rtitvJ Stsrthrd aFplkat4e in UK and Repul1 of Ireland IFRS 102) (effective l January 20151,, Hnancial
Re)rtIrJ Stsndard 102 Tr finarrial Repyt'ng Stsndard apr4icable in the UK and Reput4ic of Irekind, and the
Ccfflpanies Act 2CI]6. The fina&)1 statents hwe ten prepared under ts hLStorKal c05t convention the
exp"on of investswts whth are Ind at mafket value, as nKJff by revaluation of certain assets.
IbKome
All income bs reccrfjntsed In ts Stateffl of finaTrial ktiVrtl the ¢tharlty Iws eJrtlik to ts fiJnd5, 15
tle that wll be aThl tr armwjnt C be rnead relw.
Exp•ndltur•
Llabllths a recognlsed as eFendJ as a5 there Is J ¢y crxI5tru¥ ¢AlkJatkn commthng the
tharlty to th expenditu. r¢ is protobk that a transfer cl Lneffts will be wuired in settlement and
the arThJunt of the c&1NJatj tan L measured rdwbty. ExperhJibJre is accrMJntsd for on an accJuJ15 basis ènd has
teen dassified urthr headir¥Js that a99regate ¢ cost reL•ted to tr category. cosis cannot be dlrethy
tributed to partaT heaJlTh>, try ha¥t teen allted to on a basls consLeJrt wlth the use of
T•nglbl• flx•d •M•ts
The OHPS has three of assets hal In s4VYt cl the Ss objethves to foster
apprethvon of the of Hastirvjs, crf Its ftshw arkj marrtlme hertta9e a1 kYe5er¥e evthrKe of that
tage. The main cdleLthns are firsty Hasb'r4Js History Hw, whth ha5 a cc4th of prints, painb'ngs,
plraphs. cards aTrJ t(th wlthin ts archi. Sec(tt the within the Flshemn's Museum
which Ind the Ha5tlrvJs Lugger RX278 Tr Enter[. with an extensfve colbn of photcqrnphs,
PalrJ5 and hlth"c objects and a rlth arthr of htstoriol matertal. The third aAlection is tho exhlb
tsklÈ of the Fbshemn's Museum I1Je the rt 51y6. tr orvj (thr txrt exhltts. These
¢dS were revaw ty the coundl d rnana in 2019.
IndLthI kn Land & Bulkilr45:.
Freehdd oFeths . Tr freehobj Jt 21 crtIe 9Jeet Is IrKknled at C05¢ plus c3pitsI addltlons.
Deweoakn Is provkled at 2% pa.
Ind In FlknJres & FVrJ$...
Net and External tli*y. Are in of the •ThJ we induded in the e
OLD HASTINGS PResERVATION SOCIEfY LIMITED NOTES TO THE FZNANaAL sfATEMEIITS. coiifiNUED FOR THE YEAR ENDED 31 DECEMBER 2024 Fund att4Junllnq UnreJicled fvTrJs be wl In X£Ordan the ioritst at the di9yth ( the tmstees. Re5trirt& fuTrts can be used fcf partilar restrKted wrwjses wlthin the obRcts rfthè tharity. Restrctions Further explanatw)n crfthe natyre a1 c fiJr•J Is in the r¥Xe5 to the fina1 statements. Prnp•rntlon o( conolld•ted IIMndal slatenx The finarKial statements cc¥)tsin Informati al ¢Jd Ha5tings Pfeseryailon SXW Um6bJ as an iThJlvldual company. The o)mp3ny has tsken the OFrtw urwjer sth 398 of kt 2(K6 nrt to prepare 2024 2013 Furkj ral4 2,057 53 Rcom Hife 667 £2,610 4,699 ZZE¥E XNVESfMENT iNCOMe 2024 2023 1,169 4,195 I1endS 4,137 £S,364 £5,021 RAISING FUNDS R•ldng don•tlon• •nd1•g•d 2024 2023 Supyt costs £19,882 £25,861 MEf INCOMEI(ExpeNDrruRE) Net In¢)Thl (e¥¥WK1Ure)I5 5t&ed after dwg8: 2024 2023 £16,285 £16,127 Iuded Sn the tcal [wti¢)n dwrge 15 ts s1 ( £12,325 that ar5 fr(¥n the revaItiOn of assets. TRUSTEES. RtMUNERATIQN AND BENEFifs We trustees, remuneratKJn C clher benefits eNleJJ 31 DeMr 2024 rnr for the year end& 31 Ccemtrr 2023. Durfng the year eXSe thms e pakl to ttE tru*tts related to re1mr$eMents of th)rty exFen that W been PaKI perlly Paje io
OLD IIASTIMGS PRESERVATION SOCIETY uiirrED NOTES TO THE FIIIANCIAL STATEMEIITS. coiifiNUED FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS 2024 2023 TANGIBLE FXXED ASSETS proFerty ffttings Tcals At l january 2024 Idon$ 174,248 262.840 673 437,0 673 At 31 Dber 2024 174,248 263,513 437.761 DEPRECIATION At l January 2024 58,470 76,289 134,479 Charye for year At 31 Lemter 2024 61,955 151,044 NET BOOK VALUE At 31 cmber 2024 At 31 Decemter 2023 112,293 174,424 286,717 Induded In c(& for Ft¥twes & Rtbry W fmrd rf £261,8201s a urA6ft of £218,491 XED ASSEf INVEsfMEKrs Unllstsj Inbtthnts TLaLs MARKEf VALUE At l January 2024 150.701 4,801 155,502 IrKrease In Value 3.405 3,405 NET OOOK VALUE At 31 December 2024 154,106 4,&)1 158,907 UK listed Investme are sted at tt market Val by tr COIF Charlts InVe#M Fund as at 31 tknmter 2024. Unl5th1 Invest in OHFS & FM TradiThJ Co. Ltd (8563483). Th6s Is a whc4ty owrd subskjiary. io. 2024 2023 £414 £3.714 Paje li
N(7fES TO THE FINANCIAL sfATEMEKfs. COllflNUÈD FOR ThE YEAR ENDED 31 DECEMBER 2024 11 CREDITOR&' AMOUIIYS FALUNG DUE wmiJN ONE YEAR 2024 2023 £5,383 £5,352 12. MOVEMEiif IN AINDS 1.1.2024 in funts At 31.12.2024 General funds 501,760 (12,071) 489.659 {4,() General Restritt 3,125 (377) 2,748 TOTAL FUNDS 510 855 Net moverwrt In lurKls, IrLIth in atx are as fc4h)ws: Reg)ur Galns c Mo¥effnt Sn fiJnds Gereral fvnds 50,49) (70,027) (16,173) General Restrirted (1,178) (377) TOTAL FUNDS 71205) 13. RELATID PARTY DISCLOSIRES The c¢Ynpany 4,1 thares In the cunpany OHPS & FM TRADING CO LTD (Co No: 085634831. flnanaal 5tstements for subgdkiry company haNE teen co)sc4JatsJ. Indud&J as a ¢thJction of exFenses fvr the k11r CCffjrry Is £23,1 tthj è ¢cththn frcffi Trnling (p)nY to runnSr¥J costs. 14. COMPANY sfATUS Under the Memcrtndum cl Ass(x)th, ery memtw of coMnY 15 reqid to a)ntrétMrte In the event of the wnding up. sh an amint as rrW requid, ed1 25p in &*lthn to any sums due that are p3yabk ty hlm under the AAIKles of Asal. Page 12
NOTES TO ThE FIIIAIICIAL sfATEMEIIT5. coNfiNUED FOR THE YEAR INDED 31 DECEMBER 2024 1% ResTricTtD FUNDS halt teen <%ed 5peafralty Fn'S Museum E¥temal Exhibts Fund and the balan at 31 cleMter was É2,748 {2023 £3,125). Pas* 13