HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Company limited by guarantee

Company Registration Number:
09818699 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Directors' report period ended 31 October 2024

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

Principal activities of the company

The principal activity of the company continued to be that of performing arts.

Additional information

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

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

Ms Faye Hamilton
Ms June Martin
Mr Andrew McRobbie


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
19 May 2025

And signed on behalf of the board by:
Name: Ms Faye Hamilton
Status: Director

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 109,602 56,484
Cost of sales: ( 82,042 ) ( 59,502 )
Gross profit(or loss): 27,560 (3,018)
Administrative expenses: ( 9,480 ) ( 7,425 )
Operating profit(or loss): 18,080 (10,443)
Profit(or loss) before tax: 18,080 (10,443)
Tax: ( 3,825 )
Profit(or loss) for the financial year: 14,255 (10,443)

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 2,050
Total fixed assets: 0 2,050
Current assets
Debtors: 4 581 434
Cash at bank and in hand: 76,556 54,659
Total current assets: 77,137 55,093
Creditors: amounts falling due within one year: 5 ( 10,053 ) ( 4,314 )
Net current assets (liabilities): 67,084 50,779
Total assets less current liabilities: 67,084 52,829
Total net assets (liabilities): 67,084 52,829
Members' funds
Profit and loss account: 67,084 52,829
Total members' funds: 67,084 52,829

The notes form part of these financial statements

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Balance sheet statements

For the year ending 31 October 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 19 May 2025
and signed on behalf of the board by:

Name: Ms Faye Hamilton
Status: Director

The notes form part of these financial statements

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 25% Straight Line Method The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit

    Other accounting policies

    Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 8,200 8,200
Additions
Disposals
Revaluations
Transfers
At 31 October 2024 8,200 8,200
Depreciation
At 1 November 2023 6,150 6,150
Charge for year 2,050 2,050
On disposals
Other adjustments
At 31 October 2024 8,200 8,200
Net book value
At 31 October 2024 0 0
At 31 October 2023 2,050 2,050

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Other debtors 581 434
Total 581 434

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 346
Taxation and social security 8,129 2,607
Other creditors 1,924 1,361
Total 10,053 4,314

COMMUNITY INTEREST ANNUAL REPORT

HANWELL HOOTIE MUSIC FESTIVAL C.I.C.

Company Number: 09818699 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

We are a community music festival generally held on the 2nd Saturday in May each year, attended by over 20,000 people. It is London’s largest free one day music festival and over 100 bands perform in 17 venues. There are a number of benefits to the community: The event is free to attend. It is loved by the community and it makes residents proud of the area they live in. Everyone we speak to about it has a positive attitude – whether they attend or not! We give 600 musicians a platform to showcase live and original music, including a youth stage for under 18 year olds. The event is socially inclusive with people of all backgrounds, ethnicity and ages attending. Over 300 volunteers assist with the delivery of the event. We help drive business into local companies (eg convenience stores, takeaways etc). For the pub venues, it is their busiest and most profitable day of the year.

Consultation with stakeholders

Two of the three Directors live in the area. The festival is managed on a voluntary basis. It is a benefit to all residents by making the area a better place to live. The friendliness of festival goers (most of whom are local) gives a “feel good” feeling to residents and we constantly receive positive comments about the festival. We write to all residents that live near the outdoor venues in advance so they were aware that a music festival is taking place. In consideration to them, the music ends at 10:45pm, although it goes on longer in most of the pubs.

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
19 May 2025

And signed on behalf of the board by:
Name: Mr Faye Hamilton
Status: Director