Company registration number: 3396688 Chanty registration number.. 1068647 Harbour Place Grimsby (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 Dernber 2023 Forrester Boyd 26 South St. Mary's Gate Grimsby North East Lincolnshire DN31 1LW
Harbour Place Grimsby Contents Referen and Administrative Details Trustees. Report 2to11 Independent Examiners Report 12 Statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes to the Financial Statements 16to24
Harbour Place Grimsby Reference and Administrative Details Trustees A Brown A Burfey S Chapman T Crofts B Da'silva D Hasthorpe J Hodson D Humphrey M Lewis S Mill R Wright Senior Management i Leadership Team R Barr D Batty J Claylon Charity Registration Number 1068647 Company Registration Number 3388 The charity is incorporated in England. The Hope Centre Hope Street Grimsby DN32 7QL Registered Office Independent Examiner Fotrester Boyd 26 South St. MaS Gate Grtmsby North East Lincolnshire DN31 1LW Solicitors- Wilkin Chapman LLP Cartergate House 26 Chantry Lane Grimsby North East Lincolnshire DN312LJ Page 1
Harbour Place Grimsby Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statemenls of the charitable )MpanY for the year ended 31 December 2023. Trustees and officers The trustees and OffirS serving during the year and since Ihe JEar end were as folbws: Trustees= A Bnywn A Burley S Chapman {appointed 27 January 2024) T Crofts (appointed 27 January 2024) B Da'silva D Hasthorpe (app)inted 3 January 2023) J Hodson D Humphrey C Parkin (resigned 14 June 2023) M LeVS (appointed 27 January 2024) S Shreeve (resigned 3 March 2023) S Mill {apFK)inted 18 September 2023) R Wright (apFK)inted 27 January 2024) Senior Management / Leadership R Ba D Batty J ClaWon Objectives and activities Objects and aims Harbour Place's core objectives remain unchanged from previous years: focussed upon improving health, well-being and employabilty skills of the homeless and disadvantaged people of North East Lincolnshire (NEL). As is set OLrt in greater detail in thts rewrt. the activities of our chanty include a full time Night Shelter facility, Street Outreach teams and other SUPFM)rt services. Public benefit The Trustees have had due regard to guidan pubiished by the Chatty Commission (CC) on public benefrt. Trustees believe that the Objectives and activtttes identified below. along with the outcomes achieved through the activities and support provided by staff and volunteers. demonstrate how Ihe charity brings benefit to the public. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charty Commission for England and Wales. Geographical Profile of the Project Harbour pla operates in North East Lincolnshire (NEL). situated on the east coast of England at the mouth of the Humber Estuary, covering an area of 74 square miles (192 sq. km). It is an area that not only presents challenges, but also potential. It includes the port towns of Grimsby and Immingham. the seaside resort of Cleelhorpes, a range of villages of varying sÈze and composition. and the attractive landsGape of Ihe Lincolnshire Wolds. According to the draft 2021 Census, the populats'on of NEL was 156.900. Results around ethnicity and detailed age ranges are yet to be finalised for 2021. but the previous census indi(2ted that approx. 77% of the population of NEL live in the Grimsbylcleethorpes conurbation, wtlh approx. 1.50A from ethnic minority communrties. Previous results have also indicated that the proportion of the local population wrthin the 20-34 age range is lower than the national average. indicating the difficulty of retaining younger adults and graduates within the area. Page 2
Harbour Place Grimsby Trustees, Report Premises Harbour Place ts based at The Hope Centre. Hope Street Grimsby. These premises are secured by a long-term lease at a nominal annual rent. )knrch is less than 5% of the commercial annual rental for such a property. These premises include area a seff-contained Night Shelter area. induding showeTS. a small kitchen and laundry facilities. The remainder of the building indudes a large kitchen seTving a café area. further showers, other areas for service users to relax and re1ve supp)rt. plus various other areas for staff use. A programme of adaptations and improvements to the Hope Centre vrds completed in Spring 2024. A planning application was approved in November 2023 for a proposed separate building in Ihe grounds of the Hope Centre, to provide a medium to long term home for 5 vulnerable adults. Extemal funding has been secured to cover approx. 500A of the build cost of this project and a Tender process has just been completed. The Board are cuffently reviewing the proposed costs of this project to ensure tl is deltvered for best possible value. Staff. Volunteers and Opening Hours During 2023. the staff team consisted of.. A full_time Project Director - A full-time Project Manager (who is also our Rough sleeping cordInator) - 7 full-time Outreachlsupport workers 4 Night Shelter supervisors (full-time on rotation) 3 part-time supporvrelief workers 1 part-time Project Administrator 1 full-time Volunteer C(FOrdinator 1 part-time Fundraising Officer 1 part-time cleaner Throughout the year, these staff were ably assisted by our team of volunteers. all of whom have been through a full induction and receive regular additional training. Over the year. the volunteer pool consisted of approximately 15 individuals. Our Night SheFter has On again been open every night of the year. Night Shelter service users receive an evening meal and breakfast, have the use of the shower facilities. access to dean dothing and re1ve ongoing support. They each have their owrt bedrcM)m. During 2023, the Hope Centre was staffed during officE hours on weekdays, and momings over weekends. Al setvice users can visit during these hours for specific SUPFQrt from our staff and to register for the Nighl Shelter. From July 2024, most Night Shelter service users w511 have access to their rooms and the shared Night Shelter bathrooms, kitchen and laundry facilities 24tT. Outreach tours ntinUe to be conducted at varying times of the day and evening durFng the week and at weekends. Our facilities and the approach of our team remains focussed on ensuring that the Hope Centre provides a relaxed atmosphere where Servi users will then be amenable to fLSrther one to one support. Page 3
Harbour Place Grimsby Trustees. Report Volunteering Our Volunteer Co-ordinator has responsibilty for volunteer recrurtment. support and development. This role enables us to bring new volunteers into Harbour Pla and to develop more specific roles for some volunteers. In July 2023, the Volunteer Co-ordinator role became full-time. fijrther increasing our commitment to volunteef support and development. In addition to the 'traditional" volunteer, HP o)ntsnues to encouiage SeNtce Users to volunteer and will support them as they develop their skills. Training opportunitses are prowded to all volunteers by HP whenever possible and we remain very focussed on providing kK)sitive and enriching experiences for our volunteers. Our volunteers work alongside our staff team and this "bleThJed" team is essential in providing the right environment for our service users. Everyone at Harbour Place greatly appreciates the bme that our volunteets give and the value that they bring to our seNice. Staff Team 2023 provided further challenges for our Staff Team as we fvrther developed flexible working arrangements and undertook a programme of building alterations at the Hope Centre vthilst ensuring c£)ntinuity of services. We also intrOdUd a new CRM software system in the last quarter 2023. with significant staff training for the new system. Robin Barr retired from the role of Project Diredor at the erKI of Decemt*r 2023 and the Trustees unanimously approved the promotion of Denny Batty to that role. This was a succession that had been planned for some time. Denny led the development and introduction of our new CRM sofiware and had been involved in strategic discussions for some time leading up to Robin's retirement from the role of Project Director. The Trustees believe that Denny has all the skills, qualities and experience to be an exlIent Project Director and wish him every suc¢ess in this role. Robin has been an outstanding Project Director. He has been the public face of Hafbour Place since 2016 and was instrumental in the establishment of our Night Shelter, our move to the Hope Centre and our involvement in the Rough Sleeper Initiative. The Trustees would like to thank Robin for his incredible passion and commitment in that role and are delighted that he will remain at Harbour Pla in a part-time capacity in the role of Grants and Development Lead. working dosely with Denny and our Chair of Trustees. Dennys promotion ueated a vacancy for a Project Manager and this resulted in another intemal promotion. with James Clayton taking up this role. James has been with Harbour Place Sin 2018. working in Support and Outreach and he has also worked intensively with entrenched rough sleepers. He has developed an eXlIent range of skills and was an outstanding candidate for the role and Ihe Trustees also wish James every success. In January 2023 we increased our support team hours. with Andrew Carlile progressing into a full-time role and former volunteer Hayley Laird also joining the staff team as a full-time suppK)rt worker. Long-term employees Dave Carlile and Sue Davidson-Lamb retired in October 2023 and December 2023 respectively. The Trustees would like to thank them both for their considerable Servi and wish them happy retirements. Elliott Jennings and Paul Gardener joined our Night Team in May 2023 and July 2023 respectively. Stacey Brown joined us in October 2023 as a part-time (x)ver worker. Strn Ihe Year End, Zoe Hannan has joined our Outreach and Support Team (as a result of James Clayton's promotion) and Ruth Daly and lan Coleman have joined our Nht Team. We have also welcomed Stephen Block. Susan Lawson and Tracey Smart into the team in part-time roles. As ever. the Trustees would like to make clear that we are extremely proud of our staff team. Their flexibilily, dedication and diligen is remarkable and they make such a positive difference to so many vulnerable people. We thank them all for their fantastic work and wish those who have left Hart)our Pla the very besl for the future. Page 4
Harbour Place Grimsby Trustees. Report Trustees As per our report last year. David Hasthorpe and Sheldon Mill Jolr our Board in January 2023 and September 2023 respectively and Sheldon has taken up the role ol Treasurer. Our Board has been further strenglhened by four outstanding addib'ons in January 2024. sart Chapman has been an independent mediator since 2008. having previously practiced as a solicitor. specialising in comMeral dispute resolulion and litigalion. Stuart is based in the Yorf( area. bul grew up in North East Lin(x)Inshire and is regularly back in town to visit friends and family. Stuart has supported Hart)OUf Place prior to joining the Board and has a keen interest in mental health and wellbeing. Trevor Crofts is a retired Project Manager and local o)uncillor. Trevor is incredibly passionate about homelessness and has taken part in fundraising activitses for us prior to joining the Board. He also brings his career skills of organisation and project delivery to oui Board, which will be incredibly valuable as we look to develop supported housing solutions for some of our service users. Matthew Lewis is Senior Development Manager at Netk Rail. Matthew has undertaken mulliple fundraising activities for Harbour Pla over recent years and has also volunteered at the Hope Centre. Matthew has eXlIent links within Ihe local volunteer community through S involvement with Grimsby in BIcM)m and also brings his skills in project delivery and fundraising to our Board. Rebecca Wright is Managing Director at Holidays By Design in Cleethorpes. Like our other new Truslees, Rebecca has supported Harbour Pla prior to joining our Board and has also delivered major fundraising events for other charities in the past. Rebecca brings incredible marketing skills and expenence to our Board and is providing valuable support to our fundraising and SWEal media activtlies_ All of our Trustees are incredibly engaged and passionate about developing Harbour Place to further enhan the much-needed ServIS that we provide to our communty. Page 5
Harbour Place Grimsby Trustees. Report Grant Funding During 2023, Harbour Place received £341,558 under the Rough Sleeper Initiative (RSI). These fvjnds are reIVed as part of a joint proposal with North East Lincolnshire Council (NELC) to bid for funding made available via the Department for Levelling Up Housing and Communibes (DLUHC) to specifically tackle rough sleeping. The structure of this bKI is such that NELC submits the bid to DLUHC. viith Hafbour Place nominated as their designated key seNice wovider. NELC also secured additional fur)ding wrthin their RSI bids to meet the cost of mental health and addiclion supw)rt Workers. based at The Hope Centre but employed by third party agencies. The current RSI funding is a three year award until 31 st March 2025. Harbour Place will receive £1.096m of RSI funding during that 3 year period. Whilst this funding does not cover the full cost of providing the services agreed under RSI. this 3 year award gives a good foundation around vthich we can build our financial model. Our Senior Management Team are very mindful that it is now only just over 6 months unts'l this funding expires and we will be making representations to our corttacts at NELC and DLUCH very soon. In December 2022, Hart)our Place was Sussful in a significant bid to DLUHC'S Transformation Fund. The Transformalion Fund has wovided funding in exSS of £140k across 2023124 to cover the c05t of significant adaptations to the Hope Centre in order to improve Servi prowsion and facilitate 24 hour opening of our Night Shelter facilities. The Transformation Fund has also provided revenue funding exedIng £200k for the period lo January 2023 to March 2025 to meet additional staff costs as services aTe adapted. These changes lo the physical environment and service offering have enabled us to generate new additvjnal income streams for supported room occupancy as from July 2024. The income recognised for the year ended 31st December 2023 from the Transformation Fund is £72.089 in respect ol adaptation costs and £78.506 in respect of revenue funding. Other grant funds reiVed during 2023 indude- - £30,000 from Lloyds Bank Foundation - £20,000 from Tudor Trust - £10,000 from National Lottery - £6,000 from NELC {as a contribution to the new CRM software) - £5.000 from Sisters of St Josephs of Peace As mentioned earlier in this report. Harbour Place has also submitted a successful bid for significant capital funding for the proposed new accommodation building which is cuentlY in Tender evaluation stage. This project will present a significant enhancement to our service offering arld long-term financial stabilty. Harbour Place has submitted strong bids for further grant funding during 2024, with some bids already successful. The Trustees would like to acknowledge that funding from these organisatsons is vilal to us being able to continue to provide support to so many vulnerable people. It should also be acknowledged that the success of these bids can be attributed the to diligence of our Senior Management Team in preparing the bids and also the exlIent outcomes for our Servi users which Can be demonstrated over a number of years. Page 6
Harbour Place Grimsby Trustees. Report Fundraising and Donations The Trustees are acutely aware that Hart)our Place canrK)t rely on grant funding alone and we are fortunate to enjoy incredible supwrt from local businesses and the wider [MmUn. The generosity of everyone who supports our organisation is greatly appreciated. Income from donations was up 2.7% to £38.364 in 2023. This modest increase represents sustained support from a community which continues to fa its own financial challerwJes in the face of significant Cost of Living increases in recent years. There were some incredibly generous donations during the year and many individuals within our local communily raised funds for us through their own aclivities, such as runs and other greal inttiab'ves. Income from general fundraising aclivities was up 8Q/o to £6,111 in 2023. In addition to the above, there was a significant addilional boost to our donations and fundraising income in the form of our Annual Dinner plus the inaugural Great Gnmsby Sleep Out. The Great Grimsby Sleep Out (GGSO) took place on 17th Febnjary 2023. WFth over 80 people spending the night in Freshney place Car Park lo raise funds and awareness. We reiVed some excellent coverage in the local media and there were over 750 donations. generating a gross in(x)me of £16.155. The evenl incurred costs of £2,409, giving a net amount ratsed of £13.746. Not only did GGSO raise a fantastic sum of money. it is now established as a flagship event for Harbour Place. reaching many new supporters. GGS02024 was held in February 2024 and raised over £3,000 more than GGS02023. Our Annual Fundraising Dinner was held in November 2023 and was well supported once again. The evening generated incomes of £18.272. with a net ¢ontributicJn of £13,266 after costs of £5,006. The total income generated from all donations and fundraising {exduding legacies) was £78.902, compared to £68,950 in 2022. Event costs were £7.412. compared to £5.846. Overall. the contribution to reserves for 2023 was £71.490 - an increase of 13.20/0 on the previous year. Income from legacies was £1.000 in 2023 wmpared to £18.122 in 2022. We are extremely thankful to our local communty for such outstanding SUPFX)rt - especially when so many people and businesses face their own financial challenges. The Trustees believe that it is essential for Hart)(MJr Pla to maintain a strorvJ profile in the local communty - both to enhan fundraising revenue and to further develop strong, positsve awareness of Harbour Place and the difference that we make to so many lives. Page 7
Harbour Place Grimsby Trustees, Report Achievements and Perfom)ance 2023 saw a continuab'on of the Cost of Lmng crisis that has increased pressure on people at risk of Homelessness and people already experiencing Homelessness. Published data has shown that we are experiencing the UK'S highest homeless rate, with 16 people in every 100,000 people living on the streets and 410 per 100.WO living in temporary accommodation or shelters. At Harbour Pla we have sn sustained demand for the fvll range of our services - both the provision of praclical assistance (such as hot meals, showers, change of clothing) and also the dedicaled supFort, advice and advocacy which enables service users to address issues relating to benefits. housing, and health. Added to this, North East Lincolnshire Ès experiencing senous shortages of available accommodation suitable for people that have suffered the trauma of being homeless. This has particularly affected the average length of stay in our Night Shelter and the number of individuals who have been able to benefit from the Night Shelter facility. Over the 12 months of the year. 154 individuals used the Night Shelter which operated with an occupancy level of 92°/o. During the year we worked dosely with partner agencies and directly assisted 48 individuals lo find accommodation. Finding suitable move-on accommc)dation remains extremely challenging and Ihis significantly impacts those using or wishing to use our Night Shelter facility. We have continued to develop our assertNe Outreach Service. undertaking Outreach early moming, late night and over the weekend in an effort to engage with more individuals who were rough sleeping. We registered 151 new service users each month for our servIs. We worked with 340 service users in total, including 53 who were 'new to the streets.. Partnership working remains a key objective of ours and during 2023 we continued to Co-work with agencies that offer support to our service users. These included.. - . NEL'S Homelessness Prevention Service . We Are With You . NAVIGO . MIND • A range of local Housing and Hostel providers induding YMCA and Salvation Amiy . The Cikn'zens Advice Bureau Grimsby Job Centre Plus Focus AduEt Social Care NEL Anti-social Behaviour Team • NEL Community Safety Partnership East Marsh United Foresight Humberside Poli Our successful bid for Transfomiation Funding from DLUCH in 2022 has seen fijrther signtficant developments at the Hope Centre during 2023 and into Sprtng 2024. improving the facilities available to service users and enabling us to provide 24-hour accommodab'on for up to 8 Night Shelter rooms from July 2024 onwards. This is a further step towards our primary ambrtion to reduce and ulb'mately end rough sleeping in our community. Page 8
Harbour Place Grimsby Trustees. Report Financial review The Trustees are pleased to report a surplus of £31,590 for the year ended 31st December 2023. The surplus for this year is a result of Hatt()ur Place securing strong levels of grant funding Mbined wilh some outstanding financial support from our local communty. Total revenue grant fvnding in the year totalled £495,115. rnPared to £419,908 in 2022. We also secured additional grant income of £78,809 relating to direct wsts inCued for the Hope Centre Adaptations and the IT upgrades. This income relates to reciprocal eXptIOnal costs within running costs tolals for 2023. Thus, revenue grants in 2023 represented 91.8% of running costs (excluding exceptional costs) compared to 83.6 % of running costs in 2022. Fundraising, donations, legacies and trading aclivitres in 2023 generated a gross income of £80.775. This compares to a gross Income of £90,458 in 2022. Bank interest reiVed totslled £606 (2022. £100). Deposit interest has improved in FY2024 and the Trustees remain mindful that current reserves must remain liquid given the Prq property project. staff costs for the year totalted £467,276 - an in(xease of 9.0 on the 2022 figure of £425,174. This increase reflecls some growih to the slaff team and a modest general pay increase. Other expenditure remained comparable to levels in previous years. The resultant surplus for 2023 has had a positive impact upon reserves, which remain at a sustainable level. although we shall continue our efforts to strengthen them further over future years in order to meet our Reserves Policy Policy on reserves Our aim is to build up income and expenditure reserves representing 6 months of expenditure to afford the charity contingency funds to continue with planned activittes in the event of a major unforeseen interruption to income. Reserves as at 31st December 2023 were £234.205. This represents 43% of annual expenditure levels at the Balance Sheet date. Given the thallenges of recent years and the increased demand for servIs. it is clear]y difficult to achieve signfficant growth to Reserves. but the Twstees are satisfied with current levels and continue to look for opportunities to strengthen HP'S financial p)sition in the future. Page 9
Harbour Place Grimsby Trustees. Report Plans for future periods The Year Ahead 2024 has remained very challenging for everyone within our mrnunty as Cost of Living pressures affect both our seNice users and our supporteFS. Demand for our servi$ remains very hEgh and fundraising remains challenging. That said, support from our communty remains strong and we have sn increased revenue from GGS02024 and other fundraising within the community. The adaptations to the Hope Centre were completed in Spring 2024 and as from July 2024 we have been able to offer 24_7 access to 8 Night Shelter rooms. offering Servi users a real break from lrfe on the streets. This has also enabled us to generate a new income stream via supported housing benefit. reducing our future relian on grant income. Finding suitable move-on accommcKlation for some of our Servi users remains very challenging and we are looking to make prcMJress on our own project for SuptK)rted Housing so that we can provide supported accommodation latcr in 2025. As a Board of Trustees. we remain very fctussed on strengthening the chariws abilty to generate more funds r(self and these projects are key to making real prrsress on that fronl In financial temis. we are currentty forecasting a significant surplus for 2024, primarily as a result of a large legacy reiVed in January 2024. but the final resu is obviously dependent uw>n financial outcomes for the later months of the year. The combined ongoing economic and social conditions in our area are likely lo present challenges for some time to come. However. the Trustees are confident that our committed team will wntinue to find opportunities to adapt and fund setvices to meet the needs of our service users. We would once again like to thank everyone who has supported us through these challenging times, including businesses and individuals within our local community, NELC'S Homelessness Preven'on Team and other partner agencies. Finally. we would like to extend our most sincere thanks to our fellow Trustees. our Staff and our Volunteers for their hard work and commttment during the year. Structure, govemance and managenient Nature of goveming document Harbour Place Grimsby is a company limited by guarantee govemed by its Memorandum and Articles of Association dated 2nd July 1997 and updated in 1998. Induction and training of trustees New Trustees undergo an informal induclion which includes invitation to a Board Meeting prior to becoming a Trustee. visiting the registered office of the company to familiarise themselves in Ihe way the organisation ¢atries out its day to day duties and implements decisions. Business planning. Ihe Memorandum and Articles of Association and financial performan are also cA)vered. In addition, Trustees are encouraged to attend external training events which assist them in undertaking their role. Page 10
Harbour Place Grimsby Trustees. Report Structure and Govemance The Harbour Place management structure features a Project Director as the senior paid execJJlive. The Project Director heads up a team of staff wth the Prqect Manager as ihe next in seniority. The Project Director takes overall responsibilty for all operatN)nal actiwtEs and how these are to be funded. He works closely with the Chair of Trustees to develop overall future strategy, to agree major funding decisions and to agree media and fvndraising activitEs. Our Chair of Trustees is unpaid. but contribLrtes significant time to work with the Project Director to oversee strategic and finanaal planning. review perf0M)an wa key indicators and oversee media and fundraising activities. Our Trustee Board continues to meet at least bi-monthly and the Chair will regularfy issue interim updates of any significant events in between these meetings. Whilst our Trustees are happy for the Chair to work with the Project Director on their behalf on a day to day basis. all major events and derysions are always subject to Board scrutiny and individual Trustees will often bring Iheir skills and experience to specific areas. Staff remuneration packages. recruitrnent dectsrons and annual reviev4E are overseen by our Trustee Finan Sub-CoTnmltt, who review submissions from the Project Director alongside financial budgets. Overall staff budgets and significant thanges to staffing structure andlor senior management pay are then put before the full Trustee Board for their approval. Our Board of Trustees are very engaged and remain MmItted to further developing HP'S service offering and to improving our long term financial stability. Small companies This report has b ision s ement accordance with Ihe small companies regime under the Companies Act 2006. The annual roved by the trustees of the charity on 9 September 2024 and signed on its behalf by.. A Brown Trustee Page11
Harbour Place Grimsby Independent Examinerfs Report to the trustees of Harbour Place Grimsby ('the Company.) I report to the charity trustees on my examinatson of the accounts of the Company for the yEar ended 31 Dernber 2023. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,) Having satisfied myself Ihat the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Companrfs gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confinn that l am qualified to undertake the examination because l am a member of ICAEW, which is one ol the listed bodies. I have completed my examination. I confnn that no matters have corrE to my attention in connection with the examination giving me cause to believe- 1. accounting records were rK)t kept in respect of Haour Place Grimsby as requiFed by section 386 of the 2006 2. the accounts do not accord wilh those records" or 3. the accounts do not comply wrth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair vievt vthich is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance vnth the methods and principles of the Statement of Recommended Practi for accountsng and reporting by charities [applicable to charities preparing their accounts in accordan wth 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 whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C Jensen ACA ICAEW 26 South St. Marys Gate Grimsby North East Lincolnshire DN31 1LW 9 September 2024 Page 12
Harlx)ur Place Grimsby Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from." Donations and legacies Charitable activities Other trading ackn'vities Investment income 39.364 75.051 40,805 39.364 573,204 40.805 606 498.153 Total inrne 155.826 498.153 653.979 Expenditure on: Raising funds Charitable activities (8.919) (115,317 18,919) 613,470 (498.1531 Total expenditure (124.236) {498.153} {622,389 Net income 31.59) 31,590 Net movement in funds 31.590 31,590 Reconciliation of funds Total fijnds brought forward Total funds carried forward 202,615 202,615 18 234.205 234.205 Unrestricted funds Restricted funds Total 2022 Note Income and Endowments from: Donations and legacies Charitable athvities Other trading activities Investment income 55.461 52.620 34,897 i()J 55,461 419,908 34,897 100 367,288 Total income 143,078 367.288 510,366 Expenditure on: Raising funds Charttsble activities Other expenditure (5.846) (134,399) 567 (5.846) {501.6871 567 (367,288) Total expendriure (140,812) 367,288 508.1001 Net income 2.266 2,266 Net movement in funds 2.266 2,266 Reconciliation of funds Total funds brought forward 2CQ,349 200,349 Total funds carried fOard 18 202.615 202,615 The notes on pages 16 to 24 form an integral part of these financial statements. Page 13
Harbour Place Grimsby (Registration number: 3396688) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 13 4,090 5,112 Current assets Debtors Cash at bank and in hand 14 15 110.463 296.590 12.298 309,475 407.053 321.773 Credltors: Amounts falling due within one year 16 (176,938) (124,270) Net current assets 230,115 197.503 Net assets 234,205 202.615 Funds of the charty: Unrestricted income funds Unrestricted funds 234.205 202,615 Total funds 18 234.205 202,615 For the financial year ending 31 Dember 2023 the charity was ents"ed to exemption from audrt under section 477 of the Companies Act 2006 relating to small MPanies. Directors, fesponsibilities- The members have not required the charity to oblain an audit of its accounts for the year in question in a¢cordance with section 476". and The directors ad(nowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accx)unts. The financial stat September 2024 en ges 13 to 24 were approved by the trustees, and authorised for issue on 9 n their behalf by= A Brown Trustee JHod on The notes on pages 16 to 24 fonn an integral part of these financial statements. Page 14
Harbour Place Grimsby Statement of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash Ilows from operating activities Net cash income 31,590 2.266 Adjustments to cash flows from non-cash items Depreciation Investment income Loss on disposal of tangible fixed assets 1,022 (606) 870 11001 567 32,006 3,603 Working capital adjustments (Increaselldecrease in debtors (Decrease}lincrease in creditors Increase in deferred income 14 16 (98,165) {2,262) 54.930 2,899 10,086 89,834 Net cash flows from operating adivities (13.491) 106,422 Cash flows from investing activities Inlerest receivable and similar incnme Purchase of tangible fixed assets Sale of tangible fixed assets Net cash flows from invests.ng activities Net (decrease)lincrease in cash and cash equivalents Cash and cash equivalents at 1 January Cash and cash equivalents at 31 December 100 (5,800) 1,000 13 606 4.700 {12,8851 309,475 101.722 207,753 296.590 309,475 The notes on pages 16 to 24 fomi an integral part of these financial statements. Page 15
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 1 Charity status The charity is limited by guarantee. incorporated in England. and consequenlly does not have share capital. Each of the trustees is liable to cDntribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its registered of[[ is". The Hope Centre Hope Street Grimsby DN32 7QL These financial statemenls were authorised for issue by the trustees on 9 September 2024. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting poliaes applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwse stated. statement of compliance The financial statements have been prepared in accordan with AccDunb'ng and Reporting by Charilies.. Statement of Recommended Practi applicable to chartties preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. They also comply wth the Companies Act 2006 and Chanties Act 2011. Basis of preparation Harbour Pla Grimsby meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are presented in sterling arKI rounded to the nearest pound. Going concern The trustees consider that there are no material uncertainties about the charitys ability lo continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the tharity has entitlement to the income. it is probable that the income will be reoived and the amount of the income receivable can be measured reliab. Page 16
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 Donations and legacies Donations are recognised when the charity has been rK•tified in knffiting of both the amount and settlement date. In the event that a donation is subject to ex)nditions that require a level of perfomiance by the charity before the charity is entitled to the funds, the InMe is deferred and not recognised until either those cx)ndits'ons are fully met, or the fuifilment of those conditions is wholly within the control of the charity and it probable that these conditions 11 be fulfilled in the reporting period. Legacy grfls are recjniSed on a case by case basis followiThJ the grant of probate vthen Ihe administraiorlexecutor for the estate has communicated in wriknng both the amount and settlement date. In the event that the grft is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange. recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Deferred income Deferred income represents amounts recetved for future periods and ts released to incoming resources in the period for which. it has been received. Such income is only deferred when: - The donor specffjies that the grant or donation must only be used in fLrture accounting pertods: or - The donor has imposed conditions which tnust be met before the chartty has unconditional entttlement. Expenditure All expenditure is recognised on(t there ts a legal or constructive obligatKJn to that expenditure. il is probable settlemenl is required and the amount can be measured reliably. AJI (x)sts are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of reSoUrs. wilh ntral staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allated based on Ihe spread of staff costs. I resources expended are inclusive of irrecoverable VAT. Raising funds These are costs incurred in attracting vduntary income. the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure compnses those costs incuTred by Ihe charity in the de57very of its activities and services for its beneficiaries. It includes both costs that can be allated directly to such activrtEs and those costs of an indirect nature necessary to suppryt them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating propety costs by flwr areas, or per capita. staff costs by the time spent and other costs by their usage. Irrecoverable VAT Irrecoverable VAT is charged against the category of resourGes expended for which it was incurred. Taxation The charity is considered to pass the tests set out in Paragtaph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK cooration tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories oivered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 10 the extent that such Income or gains are applied exdusNely to charrtable PUTposes. Page 17
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 Tangible fixed assets Individual fixed assets costing £1,000.00 OF more are initially recorded at cost Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuatKJn, less any estimated residual value. over their expected useful economic lrfe as follows: Asset class Motor vehicles Depreciation method and rate 20% reducing balance Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are reo)gnised initially at the transactron p. less provision for impairment. A provision for the impairment of trade debtors is established when there is objecb've evidence that the charity will not be able to collect all amounts due according to the original terms of the re(xivables. Cash and cash equivalents Cash and cash equivalents comprise cash cffl hand and call de[Sits, and other short-term highly liquid investments thal are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or servi(x that have been acquired in the ordinary cOue of business from suppliers_ Accounts payable are classified as current liabiltties rf Ihe charity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for al least e1ve monlhs after the reporting date. If Ihere is an uncondits'onal right to defer settiemenl for at least iwelve months after the reporting date. Ihey are presented as non-current liabilities. Trade creditors are recognised at the transaction price. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discrets'on in furtherance of Ihe objectives of the charity. Restricled income funds are those donated for use in a particular area or for specific purposes, the use of which is reslricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme. Contributions are tharges in the statement of financial activities as they become payable in ac[dan with the rules of scheme. Page 18
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 3 Income from donations and legacies Unrestricted funds General Total funds Donations and legacies", Donations from companies, trusts and similar proceeds Donations from individuals Legacies Donalions from community groups 8.701 23,671 1,000 5.992 8,701 23,671 1,000 5,992 Total for 2023 39.364 39,364 Total for 2022 55.461 55,461 4 Income from charitable activlties Unrestricted funds General Restricted funds Total funds Outreach, support and night shelter Grants for adaptations to premises 75.051 426,064 72,089 501,115 72,089 Total for 2023 75,051 498.153 573,204 Total for 2022 52,620 367,288 419,908 5 Income from other activities Unrestricted funds General Total funds Fundraising Trading income" Other Trading Income 40.538 40,538 267 267 Total for 2023 40,805 40.805 Total for 2022 34,897 34,897 6 Investment income Unrestricted funds General Total funds Interest receivable and similar income" Interest on cash deposits 606 606 Total for 2023 606 606 Total for 2022 100 100 Page 19
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 7 Expenditure on charitable activities UnstrICted funds General Restricted funds Total funds staff Costs Allocated support cA)sts Governance costs 73.742 44,288 1,200 393.534 104,619 467,276 148,907 1,200 Total for 2023 119.230 498,153 617.383 Total for 2022 134.399 367.288 501,687 8 Analysis of governance and support costs Support costs allocated to charitable activities Other support costs GovemanceAdministration Premises costs costs costs Total 2023 Total 2022 Outreach. support and night shelter teration costs of leased premises 1.200 25.579 28.745 22,494 78.018 75,343 72,089 72,089 1.200 25.579 100,834 22.494 150,107 75,343 Governance costs Unrestricted funds General Total funds Independent examiner fees Examirsation of the financial statements 1,200 1,200 1.200 Total for 2023 1.200 Total for 2022 1.170 1,170 Page 20
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 9 Staff costs The aggregate pa011 rstS were as follows: 2023 2022 staff costs during the year were: Wages and salaries Social secuiity costs Pension costs 424.025 35.272 7,979 389,195 28,634 7,345 467,276 425,174 The monthly average nuTnber of persons {induding senior management team) employed by Ihe tharty during the year was as foll¢)ws'. 2023 No 2022 Charitable activitses 20 17 No employee reiVed emoluments of more than £60,IX)O during Ihe year. The total employee beneffts, induding gross pay, employerfs Nl and employerfs pension contributions, of the key management personnel of the charity were £118,718 {2022 - £110.751). 10 Net incomingloutgoing resources Net outgoing resources for the year include: 2023 2022 Loss on disposal of tsngible fixed assets Depreciation of fixed assets 567 870 1,022 11 Independent examiner's remuneration 2023 2022 Examination of the financial statements 1,200 1,170 12 Taxatlon The charity is a registered charity and its activities are exempt from taxatii)n. Page 21
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 13 Tangible fixed assets MotOT vehicles Total Cost At 1 January 2023 At 31 Dember 2023 5.800 5,800 5.800 5,800 Depreciation At 1 January 2023 Charge for the year 688 1,022 688 1,022 At 310ecember 2023 1.710 1,710 Net b¢)ok value At 31 Dember 2023 4,090 4,090 At 31 December 2022 5.112 5,112 14 Debtors 2023 2022 PrepayTnenls Accrued income Other debtors 4,022 9.256 97.185 2.929 8,529 110.463 12,298 15 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 29 296,561 309,468 296,590 309.475 16 Creditors: amounts falling due within one year 2023 2022 other tsxation and social security other credrtors Accruals Deferred income 17.157 11 7,081 152,689 18,204 2,327 5.980 97.759 176.938 124.270 Page 22
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 2023 2022 Deferred income at 1 January Resources deferred In the pericKJ Amounts released from previous periods (97,759) (64,981) 10,051 17,9251 (97.7591 7,925 Deferred income at year eThl 152.6891 {97,7591 17 Pensron and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contnbulions payable by the charity to the scheme and amounted to £7,979 (2022 - £7.345). 18 Funds Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Unrestricted General 202.615 155.826 (124,236) 1498,153 234,205 Restricted 498,153 Total funds 202.615 653,979 (622,389) 234,205 Balance at 31 December 2022 Balance at 1 January 2022 Incoming resources Resources expended Unrestricted General 200.349 143.078 (140,812) (367.288) 202,615 Restricted 367.288 Total funds 200,349 510.366 508,100 202,615 The specific purposes for whith the funds are to be applied are as follows.. The general fund represents the free fijnds of the charity vthich are not designated for particular purposes. The restricted fund principally indudes income received for Ihe Rough Sleeping Inttiative and fijnds received from the Transfomiation Fund. Page 23
Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2023 19 Analysis of net assets between funds Total funds at31 December 2023 Unrestricted funds General Tangible fixed assets Current assets Current liabilities 4.090 407,053 176,938 4,090 407,053 176,938 Total net assets 234,205 234,205 Total funds at31 December 2022 Unrestricted funds General Tangible fixed assets Current assets Current liabilities 5.112 321,773 (124,270) 202,615 5,112 321,773 1124.2701 Total net assets 202,615 20 Related party transactions There were no related party transactions in the year. 21 Trustees remuneration and expenses No Iiustees, nor any persons conrEcted wth them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 24