HASTINGS ARTS FORUM LTD

Company limited by guarantee

Company Registration Number:
07540627 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

HASTINGS ARTS FORUM LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HASTINGS ARTS FORUM LTD

Directors' report period ended 31 December 2024

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

Principal activities of the company

The purposes of the charity are to advance the education of the public principally in Hastings and East Sussex in all areas of the arts but focusing mainly on the visual arts.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Lesley Barker
Raymond McChrystal
Ian O'Leary
Paul Sayers
Jo Welsh


The director shown below has held office during the period of
19 September 2024 to 31 December 2024

Leslie Moran


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
15 May 2025

And signed on behalf of the board by:
Name: Leslie Moran
Status: Director

HASTINGS ARTS FORUM LTD

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 33,591 30,774
Gross profit(or loss): 33,591 30,774
Administrative expenses: ( 32,310 ) ( 28,940 )
Other operating income: 1,502 1,813
Operating profit(or loss): 2,783 3,647
Interest receivable and similar income: 1,244 0
Interest payable and similar charges: ( 1,235 ) ( 793 )
Profit(or loss) before tax: 2,792 2,854
Profit(or loss) for the financial year: 2,792 2,854

HASTINGS ARTS FORUM LTD

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 730 638
Debtors: 4 500
Cash at bank and in hand: 54,027 52,513
Total current assets: 54,757 53,651
Prepayments and accrued income: 325 265
Creditors: amounts falling due within one year: 5 ( 12,219 ) ( 14,430 )
Net current assets (liabilities): 42,863 39,486
Total assets less current liabilities: 42,863 39,486
Accruals and deferred income: ( 3,318 ) ( 2,733 )
Total net assets (liabilities): 39,545 36,753
Members' funds
Profit and loss account: 39,545 36,753
Total members' funds: 39,545 36,753

The notes form part of these financial statements

HASTINGS ARTS FORUM LTD

Balance sheet statements

For the year ending 31 December 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 15 May 2025
and signed on behalf of the board by:

Name: Jo Welsh
Status: Director

The notes form part of these financial statements

HASTINGS ARTS FORUM LTD

Notes to the Financial Statements

for the Period Ended 31 December 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

    Recognition of incoming resources. These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, the trustees are sufficiently certain they will receive the resources and the monetary value can be measured reliably.

    Tangible fixed assets depreciation policy

    These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Fixtures and Fittings - 20% straight line

    Other accounting policies

    Incoming resources with related expenditure Grants and donations Tax reclaims on donations and gifts Contractual income and performance related grants Gifts in kind Bank Interest received Donated services and facilities Volunteer help Investment income Investment gains and losses Liability recognition Grants with performance conditions Grants payable without performance conditions Investments Stocks and work in progress Debtors Cash at bank and in hand Creditors and provisions

HASTINGS ARTS FORUM LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

HASTINGS ARTS FORUM LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Stocks

2024 2023
£ £
Stocks 730 638
Total 730 638

HASTINGS ARTS FORUM LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 500
Total   500

HASTINGS ARTS FORUM LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 12,219 14,430
Total 12,219 14,430

HASTINGS ARTS FORUM LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Financial Commitments

The charity does not have any future minimum lease payments under non-cancellable operating leases but does hold an informal tenancy agreement in respect of the gallery.