Charity registration number 1149607 (England and Wales)
Company registration number 07842254
HVH ARTS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
HVH ARTS LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M Von Herkomer
Ms L D Ali
Ms M Byrne
Mr N Webb
Mr T Lomnitzer
Mr A J M Marks
(Appointed 1 May 2025)
Secretary
Charity number (England and Wales)
1149607
Company number
07842254
Registered office
4 Hunter Street
London
United Kingdom
WC1N 1BD
Independent examiner
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
HVH ARTS LTD
CONTENTS
Page
Trustees report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 12
HVH ARTS LTD
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 30 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Objectives and aims

The charity aims to inspire a generation of young people by offering them a gateway to the Arts by funding after and out of school classes in primary and secondary state schools in England. The foundation provides children with the inspiration and tolls to develop lifelong artistic passions.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Public benefit

The policies adopted to further the objectives of the Charity for public benefit in accordance with section 4 of the 2006 act to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties are disclosed in section headed objectives and aims in this report.

Achievements and performance
Significant activities and achievements against objectives
Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Plans for future periods

HvH Arts currently supports 1024 unique children/young people per year through our Arts programmes and it is our aim to grow this to 2,500 children/young people per year.

To achieve this, we need to secure more grants, funding and private donations.

Having access to a larger space to deliver our Arts programmes is a key driver to reaching our target of 2,500 children/young people per year, thus our long-term strategy is to secure our own building to deliver our Arts programmes from.

Structure, governance and management

The charity charity is controlled by the governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Mr M Von Herkomer
Ms L D Ali
Ms M Byrne
Mr N Webb
Mr T Lomnitzer
Mr A J M Marks
(Appointed 1 May 2025)
Recruitment and appointment of trustees
HVH ARTS LTD
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -

The trustees r eport was approved by the Board of Trustees.

Mr T Lomnitzer
Trustee
28 November 2025
HVH ARTS LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HVH ARTS LTD
- 3 -

I report to the trustees on my examination of the financial statements of HvH Arts Ltd (the charity) for the year ended 30 April 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
5 December 2025
HVH ARTS LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
115,842
183,542
Charitable activities
3
78,137
79,781
Investments
4
482
364
Total income
194,461
263,687
Expenditure on:
Charitable activities
5
203,810
195,970
Total expenditure
203,810
195,970
Net income/(expenditure) and movement in funds
(9,349)
67,717
Reconciliation of funds:
Fund balances at 1 May 2024
165,124
97,407
Fund balances at 30 April 2025
155,775
165,124
HVH ARTS LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
12
7,565
7,265
Tangible assets
13
3,996
3,233
11,561
10,498
Current assets
Debtors
14
3,000
2,999
Cash at bank and in hand
144,820
158,075
147,820
161,074
Creditors: amounts falling due within one year
15
(3,606)
(6,448)
Net current assets
144,214
154,626
Total assets less current liabilities
155,775
165,124
The funds of the charity
Unrestricted funds
17
155,775
165,124
155,775
165,124

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financials statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financials year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 28 November 2025
Mr T Lomnitzer
Trustee
Company registration number 07842254 (England and Wales)
HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
1
Accounting policies
Charity information

HvH Arts Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 4 Hunter Street, London, WC1N 1BD, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.3
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.4
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on as accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.5
Intangible fixed assets other than goodwill

Amortisation 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:

Software
10 years
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 7 -

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% - reducing balance
Computers
33% - straight line

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 recognised in the statement of financial activities.

1.7
Taxation

The charity is exempt from corporation tax on its charitable activities.

1.8
Leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
115,842
183,542
Donations and gifts
Other
115,842
183,542
115,842
183,542
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Grants
Performance related grants
78,137
79,781
HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
482
364
5
Expenditure on charitable activities
Artistic creation
Artistic creation
2025
2024
£
£
Direct costs
Marketing
3,200
3,691
Photography and Art Resources Costs
9,213
15,237
Exhibition Costs
480
2,234
Tutors
74,801
50,218
Travel
2,924
5,000
Projects and studio hire for music, photography and filming
9,072
27,994
Bank charges
12
223
Food, Drinks beneficiaries
10,269
-
109,971
104,597
Share of support and governance costs (see note 7)
Support
92,600
90,293
Governance
1,239
1,080
203,810
195,970
Analysis by fund
Unrestricted funds
203,810
195,970
6
Description of charitable activities
Artistic creation

HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
7
Support costs allocated to activities
Artistic creation
Total
2025
2024
£
£
Staff costs
77,117
70,571
Depreciation
3,065
2,285
Rent and rates
6,928
9,037
Insurance
1,058
976
Light and heat
350
16
Telephone and Fax
1,970
1,028
Printing, Postage and Stationery
3,333
984
Repairs and renewals
100
3,575
Sundries
869
1,821
Governance
1,239
1,080
96,029
91,373
8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
1,937
1,299
Amortisation of intangible assets
1,128
986
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Directors
6
5
HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
10
Employees
(Continued)
- 10 -
Employment costs
2025
2024
£
£
Wages and salaries
73,662
67,563
Social security costs
2,125
1,827
Other pension costs
1,330
1,181
77,117
70,571
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

12
Intangible fixed assets
Software
£
Cost
At 1 May 2024
9,857
Additions - separately acquired
1,428
At 30 April 2025
11,285
Amortisation and impairment
At 1 May 2024
2,592
Amortisation charged for the year
1,128
At 30 April 2025
3,720
Carrying amount
At 30 April 2025
7,565
At 30 April 2024
7,265
HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 11 -
13
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 May 2024
6,028
747
6,775
Additions
-
2,700
2,700
At 30 April 2025
6,028
3,447
9,475
Depreciation and impairment
At 1 May 2024
2,878
664
3,542
Depreciation charged in the year
788
1,149
1,937
At 30 April 2025
3,666
1,813
5,479
Carrying amount
At 30 April 2025
2,362
1,634
3,996
At 30 April 2024
3,150
83
3,233
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
3,000
2,999
15
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
2,075
2,774
Other creditors
(670)
1,553
Accruals and deferred income
2,201
2,121
3,606
6,448
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,330
1,181
HVH ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 12 -
17
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2024
Incoming resources
Resources expended
At 30 April 2025
£
£
£
£
General funds
165,124
194,461
(203,810)
155,775
Previous year:
At 1 May 2023
Incoming resources
Resources expended
At 30 April 2024
£
£
£
£
General funds
97,407
263,687
(195,970)
165,124
18
Related party transactions

Wages include salary to Ms Clark who is a close family member of one of the Trustees on the board during the year.

HVH ARTS LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
2025
2024
Notes
£
£
Cost of sales
155,775
165,124
Taxation
11
-
-
(Loss)/profit for the financial year
(9,349)
67,717
Total comprehensive income for the year
(9,349)
67,717
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