HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Company limited by guarantee

Company Registration Number:
14258600 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

Principal activity of the company during the financial year was of providing activities to the children and families in South Wales that are of Hungarian ethnicity, have Hungarian ancestry and any residents of the UK that have an interest in Hungarian culture, customs, tradition and language.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Edina Ongai-Furjes
Marta Kecskes


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 April 2025

And signed on behalf of the board by:
Name: Edina Ongai-Furjes
Status: Director

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 7,433 7,977
Cost of sales: ( 2,443 ) ( 2,358 )
Gross profit(or loss): 4,990 5,619
Distribution costs: ( 1,115 ) 0
Administrative expenses: ( 10,616 ) ( 6,841 )
Other operating income: 6,962
Operating profit(or loss): 221 (1,222)
Profit(or loss) before tax: 221 (1,222)
Profit(or loss) for the financial year: 221 (1,222)

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 0 26
Cash at bank and in hand: 488 81
Total current assets: 488 107
Creditors: amounts falling due within one year: 4 ( 1,489 ) ( 1,329 )
Net current assets (liabilities): (1,001) (1,222)
Total assets less current liabilities: (1,001) ( 1,222)
Total net assets (liabilities): (1,001) (1,222)
Members' funds
Profit and loss account: (1,001) ( 1,222)
Total members' funds: ( 1,001) (1,222)

The notes form part of these financial statements

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Edina Ongai-Furjes
Status: Director

The notes form part of these financial statements

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Website cost Planning and operating costs for the company's website are charged to the income statement as incurred.

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 3

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 26
Total 0 26

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 20 0
Other creditors 1,469 1,329
Total 1,489 1,329

COMMUNITY INTEREST ANNUAL REPORT

HUNGARIAN CULTURAL SOCIETY OF NEWPORT C.I.C.

Company Number: 14258600 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The objects of the company are to carry on activities which benefit the community and without limitation to educate children with standard classroom activities and through art, song, dance, music, theatre on Hungarian culture, customs, tradition and language. Organise cultural events related to Hungary and Hungarian culture. Through these objects we wish to benefit the children and families in South Wales that are of Hungarian ethnicity, have Hungarian ancestry, or any residents of the UK that have an interest in Hungarian culture, customs, tradition and language.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 April 2025

And signed on behalf of the board by:
Name: Edina Ongai-Furjes
Status: Director