Company registratlon number. 3396688 Charbty registratlon number. 1088847 Harbour Place Grimsby (A company limited by guarantee) Annual Rewt and Flnanaal Statements for the Year Ended 31 December 2024 Forrester Boyd 26 South Saint Marrfs Gate Grimsby North East Uncolnshire DN31 1LW Harbour Place Grimsby Contents Reference and Admlnlstrdtive Detslls Trustees, Report 2to10 Independent Examinerfs Report 11 Statement of Flnanclal Activities 12 Balance Sheet 13 ststemenl of Cash Flows 14 Notes to the Flnandal Ststements 15to23 Harbour Place Grimsby Reference and Administratlve Detsils Trustees A Brown A Burley S Chapman T Crofts B DaEi D Hasthorpe J Hodson S Mill R Wright Sonlor Management I Leadershlp Team DBaty R Barr J Clay Charlty Reglstratlon Numbor 1068647 Company Reglstratlon Number 3396688 The tharlty is incoTpor8ted In ETrJland. The Hope Centre Hope Street Grimsby DN32 7QL Forrester Boyd 26 South Salnt MarYs Gate Grimsby North East LlnoYnshlre DN31 1LW Wilkin Chapman Rollits Cartergate House 26 Chanty Lane Grimsby North East Lin(x)Inshlre DN312LJ Reglstered Office Independent Examlner Sollcltors: Bankers TSB 9-10 Old Market Place Grimsby North East Llncdnshire DN31 1BN Page 1 Harbour Place Grfmsby Trustees. Report The trustees. who are directors for the purposes of company law. present the annual report together wtth the financial statements of the charftsble company for the year ended 31 December 2024. Trustees and offlcers The trustees and officers servlng during the year and SIn￿ ts year end were as follows: Trustees: A Brown A Butsy S Chapman (appointed 27 January 2024) T Crofts (appointed 27 January 2024) B Da'silva D Hasthorpe J Hodson D Humphrey (reslgned 27 December 2024) M Le¥￿S (appointed 27 January 2024) S Mlll R Wright (appointed 27 January 2024) Senlor Management l Leadershlp D Baty Team: R Barr J Clayton ObJectlve8 and actlvllle8 Objects and alms Hart)our Place's core objectives remain unchanged from previous years: focussed upon improving health. well*eing and employabllity skills of the homeless and disadvantsged people of North East Llncolnshire (NEL). As is set out in greater detsil in this reporL the actlvfties of our tharity indude a full time Night Shelter facillty. Street Outreach teams and other support serww. Publlc ￿nQflt The Trustees have had due regard to guldance published by the Charlty Commission (CC) on public benefit. Trustees believe that the Objectives and actiwties idenllfied below. along with the outcomes achieved through the 8Ctrvltles and support provlded by staff and voluntee￿. demonstrate how the charlty brings benefit to the publlc. The twstees confimi that they have complied viith the requlrements of section 17 of the Charities Act 2011 to have due regard to the publlc benefft guidan￿ published by the Charity Commission for England and Wales. Geographlcal Profile of the Project Harbour Place operates in North East Uncolnshire (NEL). stiuated on Ihe easl 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 indudes the port towns of Grimsby and Immingham, the seaslde resort of Cleethorpes, a range of villages of varwng size and composltion. and the attractive landscape of the Lincolnshire Wolds. Accordlng to the draft 2021 Census, the population of NEL vtas 156.900. Results around ethnicty and detsiled age ranges are yet to be finalised for 2021, but the prevlous ￿n$US indicated that approx. 77% of the popula￿on of NEL live In the Grimsbylcleethorpes conurbation, approx. 1.5% from ethnic minority ￿mmunI￿es. Previous results have also indicated that the proporbon of the local population wilhin the 21>34 age range is lower than the national average, indlcatlng the dtfficulty of retslnlng ywnger adults and graduates wlthln the area. Page 2 Harbour Place Grlmsby Trustees. Report Pr8mls•s Harbour Place Is based at The Hope Centre. Hope Street Grfmsby. These premises are secured by a long-tenn lease at a nominal annu81 rent. whith is less than 5% of the commerctal annual rentsl for such a propety. These premises Indude a selfwcontsined Night Shelier area. includlng showers, a small kltchen and laundry faclllties. The remalnder of the building includes a large kitchen serving a café area, further showers. other areas for seprflce users to relax and re￿1ve support. plus various other areas for staff use. A plannlng appIl￿tion was approved In November 2023 for a proposed separate buildlng in the grounds of the Hope Centre, to provlde a medium to long tenn home for 5 vulnerable adults. A Tender process was completed during Summer 2024 and the Board then decided to Investigate an altemative potential opportunlty which may have presented greatsr potential. After a lengthy and complex negotiation process, it was apparent by Summer 2025 that thls altemative project VK>uld not be ￿able and the Board are now committed to arrfvlng at the most o)st effectlve solution to deliver up move-on accommodation wlthln the grounds of the Hope Centre and expect to have a dellverable scheme in the very near fU￿re. Structure and Govemanco The Harbour Place management structure features a Prqect Director as the senlor pald executive. The Project Director heads up a team of staff wlth the Prqect Manager as the nexi in seniority. The Project Dlrector tskes overall responsibilty for all opeTattonal actimties and how th&se are to be fijnded. He works closety with the Chair of Trustees to develop overall fulure strategy, to agree major funding dedsions and to agree media and fundralslng activities. Our Chalr of Trustees is unpaid. but contributes signffi(xnt tlme to work with the Project Director to oversee strategic and financial plannlng. revlew perfonnance via key Indlcators and oversee media and fundralslng activities. Our Trustee Board continues to meet at least bi-monthly and the Chalr will regularfy Issue Interlm updatss of any significant events In belween these meetings. Whilst our Trustees are happy for the Chair to work with the Project Dlrector on their behalf on a day to day basi8. all major events and decisions are always subject to Board scrutlny and indlvldual Trustees ￿fj11 often brfng thelr skllls and experien￿ to spedfic areas. Staff remuneration packages. recruitrnent decisions and annual revlews are overseen by our Twstee Finance Sub-committee. who revlew submissions from the Project Director alongslde financial budgets. Overall staff budgets and slgnificant changes to stafflng strurture andloT senior management pay are then put before the full Trustee Board for their approval. Our Board of Trustees are very engaged arKJ remain committed to fvrther developing HP'S servlce offering and to improving our long temi financial stsbillty- Trustee8 As per our report last year. Sknart Chapman, Trevor Crofts. Matthew Lewis and Rebecca Wright all joined our Board in January 2024. All four new Trustees have made notsble contributions in their first year and have brought Invaluable skills and experience to Board Meetings and also to other projects. Dan Humphrey resigned from our Board in December 2024 due to other commltments. The Trustees would Ilke trj thank Dan for hls slgnificant ￿)ntrIbutiOn during his three and a half yEars on the Board and also for hls ongoing support for Harbour Place since leaifjng. All of our Trustees are Incredlbly engaged and passionate about developing Harbour Place to further enhance the much-needed services that we provide to our community. Page 3 Harbour Place Grlmsby Trustees. Report Stsff, Volunteers and Openlng H¢Jurs Durtng 2024. the staff team ￿nsIsted of: - 1 full-time Project Dlrector 1 full-time Project Manager - 7 full-time Outreachlsupport workers (on rotstion) - 4 full-t6me Night Shetter supenilsors (on rotation) - 4 part-time supportlrellef workers (on rolatlon) - 1 part-time Project Admlnlstrator 1 full-time Community Engagemenl Offlcer 1 part-time Grdnts Development Lead 1 part-tlme cleaner Throughout the year. these staff were ably assisted by our team of Voluntee￿ (please see below). Our Nlght Shelter has On￿ again been open every nlght of the sear and from July 2024 our renovated Night Shelter facility included 8 rooms that are aVaila￿e 2417 on a medlum term basis for the people allocated those rooms. y￿th accompanying shared shower rooms. k4tchen and18undry facillties. We also have 2 additional °crash' rooms available at night time only for those in the most urgent need. All Night Shelter service usets re￿1ve an evenlng meal and breakfast. have the use of the shower facillties. access to dean dothing and recelve ongoing support. For the first half of 2024. the Hope Centre vras staffed during office hours on weekdays, and momlngs over weekends. Since Juty 2024. the Hope Centre has been staffed 2411. There are specffic tlmes every momlng when the Hope Centre Support Hub is open to everyDne and service users can visil at other Ilmes for one to one appointments. Outreach tours conunue to be wnducted at varylng times of the day and evenlng durfng the week and at weekends. Our faclllties and the approach of our team remains focussed on ensurlng that the Hope Centre provides a relaxed atmosphere where service users will then be amenable to further one to one supporL Volunte8rfng Our Communlty Engagement Officer Is responsible all volunteering and fundralslng activities of the Organlsation. She ts responsible for volunteer recruitrnenL suptM)rt and developmenL This role enables us to brfng new volunteers irrto Harbour Place and to develop m￿e spedfic roles for some volunteers. In additlon to the Iraditionaf volunteer. HP c¢xtinues to en(x)urage Service Users to volunteer and wlll support them as they develop their skllls. Trdining opportunlties are provided to all volunteers by HP vthenever posslble and we remain very f¢xussed on providing posltive and enrlchlng experiences for our volunteers. Our volunteers work alongside our slaff team and this l)lenderf team Is essential In provldlng the r￿ht envlronment for our serrfice users. Our volunteers have all been through a full induction and recelve regular additional tralnlng. Over the year. the volunteer pool consisted of approxlmale]y 15 indmduats. provldlng over 1,2(KJ hours to our organlsatlon. Everyone at Harbour Place greaty appreclates the time th81 our volunteers give and the value that they brlng to our service. Page 4 Harbour Place Grimsby Trustses. Report staff Team 2024 saw us complete our progression to 8 24tT seDAce offering. By July 2024. all stsff had migrated to the]r new work5ng arrangements. Denny Baty took up the role of Project Director from 1s1 January 2024 as Robin 88rr retired from that role. As noted In last yearfs Trustee ReporL thls succession had been planned for some time. with Denny Iwing previously worked under Robln In the Project Manager role at Harbour Place. The Trustees were delighted that Robln agreed to remaln al Harbour Place in the part-tlme Grants Development Lead rote and were also dellghted that James cla￿On was promoted to the Project Manager rde. Havlng overseen the Implementatlon to our new CRM system durlng 2023, Denny has led the migration to a 24 Night Shelter facility and the agreements for Supported Housing Benefft for the occupation of those rooms durfng 2024. James has also made a great slart by leading the support team through those changes, so that we provide a servlce that best meets the needs of our Servi￿ users. In Febwary 2024 we began recwltlng for our 8ntidpated migration to a 2417 seprfice. with Stephen Block and Zoe Hannan joining our support team. In May 2024. Susan Lawson and Tracey Smart also joined the team as wg neared the migrallon date. Sue Priday retlred In March 2024, having been a stslwart of our Night Team since 2018. Our Night Shelter seNl¢e users over the years realty appreciated the support that they re￿IVed from Sue and Ihe Trustees would like to thank her for her incredible commitment to her role and wsh her a happy retirement Ashley Phillips left our Night Team In February 2024. with lan Coleman and Ruth Daly both lolnlng the Night team in the same month. Paul Gardner left the Night team in July 2024 and lan Coleman left in October 2024. After some short-term cover for these changes. Simon Duffy VRS recrutted in October 2024 and Anna Blaszkiewicz Jolned us in January 2025. Slnce then. our Nlghts team has remained unchanged. As ever. the Trustees would like to make ctear that we are extremety proud of our staff team. They show great flexlblllty, dedication and dillgence In their approach to thelr work and they make such a positive difference to so many vulnerable people. We thank them all for their fantasllc work and wish those who have left Harbour Place the very best for Ihe future. Grnnt Fundlng During 2024. Harbour Place recEived £369,034 under the Rough Sleeper Inlb'ative (RSI). These funds are received as part of a joint proposal with North East ￿n￿InShire Council (NELC) to bid for funding made avallable via the Ministy of Housing, Communities and Local Govemment (MHCLG) to spedfically tsckle rough sleeplng. The stwcture of this bld Is such that NELC submits the bid to MHCLG. wlth Harbour Place nomlnated as thelr deslgnated key service provider. NELC also secured add￿onal fundlng within their RSI bids to meet the cost of mental health and addlction supp(xt W0￿erS. based at The Hope Centre but employed by thlrd paty agencles. The RSI fvnding during 2024 was part of a Ihree-yEar award unfjl 31st March 2025. Harbour Place received £1.096m of RSI funding during that three-5Ear pericMJ. Whilst this funding does not cover the full cost of providing the services agreed under RSI, this award gives a good foundation around which we can build our financial model. Since the year end, RSI funding for 2025126 was secured on similar temL8 for one year. with a more extensive revlew of RSI anticipated before March 2026. In December 2022. Harbour Place was successful In a slgnfficant bid to MHCLG'S Transfomiation Fund. The Transfomiation Fund has provided fundlng in excess of £140k auoss 2023124 to cover the cost of slgnificant adaptatlons to the Hope Centre in order to Improve service provislon and facilitate 24 hour openlng of our Night Shelter facilitles. The Transfonnation Fund has also provlded revenue funding eX￿edIng £200k for the pertod to January 2023 to March 2025 to meet addltional staff as servicEs are adapted. These changes to the physical envlronment and seprfice offerlng have enabled us to generate new addlllonal income streams for supported room occupancy 8s from July 2024. Page 5 Harbour Place Grfmsby Trustees. Report The Income recognlsed for the year ended 31st December 2024 from the Transfom8tlon Fund Is £69.911 In respect of adaptation ￿)sts and £110.596 in respect of revenue funding. Other grant funds recelved during 2024 indude £25.IYX) from Uoyds Bank Foundation as part of a three-year avmrd ending in 2025. Harbour Place has submitted strong blds for fijrther grant fundlng during 2025. with some bids already successful. The Trustees would Ilke to ad(nowledge that fundlng from these organisatlons Is vitsl to us belng able to cnrrtinue to provlde supFM)rt 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 excellent outcomes for our service users which can be demonstrated over a number of years. Fundralslng and Donatlons The Trustees are acutely aware that HartK>ur P18ce cannot rely on grant fundlng alone and we are fortunate to enjoy incredlble support from local buslnesses and the V•ider crsening situatlon, wlth limited resources available locally to ￿mbat the multtple challenges that exisL At Harbour Place we have seen increased demand for the full range of our services - from the provision of practlcal asslstsnce (such as hot meals. showers. change of dothing) to the dedicated support. advice and advocacy which enables service users to address Issues relating to benefits. housing, and heallh. During 2024. we supported over 400 different people who were either homeless or vulnerably housed, prov]dlng over 12,000 individual acts of supporL Included within this number are 208 drfferent Ind￿￿lUalS vh)0 have been seen sleeping on the streets of our area at some point during the year by our OLrtrea¢h Team. who have been out In all weathers earfy momlngs, late nlghts and over weekends during the yBar delivering 1,944 acts of support to those on our streets. From July 2024. our Impn)ved Night Shelter block at Ihe Hope Centre provlded short tem a￿0MmI￿1at10n that W8$ available 2417 with 8 bedrooms plus shared bathroom. kitthen and laundry facillties. We continued to provide two emergency crash rooms in addition to the maln Night Shelter rooms whlth were only a(x£sslble at night During the year. 74 Indlviduals used the Night Shelter which operated wlth an occupancy level of 98%. This Is the lowest totsl number of IndI￿dual$ accessing the Night Shelter for many years and is desplte demand for places being as high as ever. North East LinLY)Inshire is experiencing serlous shortages of avallable accommodatlon suitable for people that have suffered the trauma of being homeless and this is seriously impacting the 8verage length of stay In our Night Shelter (and thus redudng the number of individuals who have been able to benefit from the Nlght Shelter facilty). During 2024. we registered 220 new people to our seThice. We are contlnulng to dellver more support than ever and have made slgnlficant improvements In the way we work. but we do not do this alone and VR have continued to build relatlonships v￿th partne￿. We have had many agencies VKj￿ng alongside us and this has fostered opportunlties for engagement that have In the past been lost to those sleeping on the streets. Page 7 Harbour Place Grimsby Trustses. Report Partnershlp working is essents'al and during 2024 our partners induded: _ NELC'S Homelessness Prevention Servlce We Are Wlth You NAVIGO Open Door A range of local Housing and Hostel provlders including YMCA and Salvatlon Army The Citizens Advlce Bureau Grlmsby Job Centre Plus Focus Adu5t Social Care NEL Anti-social Behaviour Team NEL Communty Safety Partnership East Marsh United We Are One Foundallon Humberside Police We will continue to adapt and improve our seNlce to meet futyre challenges and the provislon of our own dedlcated move-on accommodation remalns a priority for HaTLK)ur Place. with significant progress expected In the near fvture. Flnanclal revlow The Tfustees are pleased to report a suWus of £115.645 for the >Ear ended 31st December 2024. This Is dearfy an exceptonal surplus for our organis8llon and reflects some speiific and notsble ffinancial clrcumstances dudng 2024. namely: - A legacy of £50,OtY). whlch ts Intended for use on a fLrture (apttal project An exceptional year for donations and fundraising. induding some speclfic amounts that are not expected lo sustain in future years (and which will also be used on the capÉtsl project) - A new income source In ternis of supported houslng benefit following the conversion of the maln Night Shelter area to provide a short-temi liwng facility for 8 people. The new Income stream from supported housing benefft was T￿lved from July 2024 onwards and totalled £55,192 by 31st December 2024. Revenue grant funding in Ihe year totslled £508.546. compared to £495.115 In 2023. Additlonal speclflc grant Income of £69.911 was cr&lrted during the year, being the balance of funding prevlously secured for the Hope Centre fvAapLglions. Thls income relates to excepb'onal afteration costs of £71.464 shown within nots 8 of the accourrts. Thus, revenue grants In 2023 represented 83.5% of running c¥)sts (excluding exceplonal costs) compared to 91.8% of running costs In 2023. Fundraising. donatlons. legacies and trading activlttes in 2024 generated a gross income of £159,558. vthich ¢8n be compared to a gross income of £80.775 In 2023. AS highlighted above, this signfficant Increase reflects the exceptlonal legacy of £50.000. Bank interest recelved totalled £3.071 (2023: £606). The Tnjstees remain mindful that current reserves must remaln Ilquld given the proposed propety projecL Staff costs for the yEar totslled £512.637 - an increase of 9.7¥A on the 2023 figure of £467,276. This Increase reflects growth to the staff team and a modest general pay increase. Page 8 Harbour Place Grlmsby Trustees. Report Other expendlture remalned rx)mparabte to levels in wevlous >Ears. The resultsnt surplus for 2024 has had a very FK)sltlve Impact upon resep&s. wttl(* are at 8 sustslnable level and meet our Reserves Policy. Pollcy on reserves Our alm Is to bulld up income and expendlture reseNe8 represenllng 6 months of expenditure to afft)rd the charity contlngency fijnds to conlnue with planned aciivitles In the event of a major unforeseen interruptlon to Income. Reserves as at 31st December 2024 were £349.850. This represents 55% of ongoing annual expenditure levels at the Balance Sheet date. The Trustees are sallsfied current levels and continue to look for opportuniti'es to strengthen Hart)our Place's long temi financial strength In future years. Plans for future perlods The Year Ahead 2025 has remained very challenglng for everyone within our communty as financlal pressures affect both our servlce users and our supporters. Demand for our seNlces remains very hlgh and fundraising remalns challenglng. That sald. support from our commun6ty remains strong. as evldenced during GGS02025 and other fvndralslng events during 2025. The supported houslng benefit revenue is making a very s￿nIficant u)ntributlon to revenue streams and is helping us reduce our reliance on grant fundlng. but given the strong demand for our services and the challenges of fundraising, granl fundlng wlll remain vilal to us maintslnlng our current levds of supporL Finding sultsble move-on accornmodation for some of our seNice users remains very challenging and we are often unable to find an￿here suitsble for those vho are ready to make Ihe next step from our Nlght Shelter. Thls be incredibly disheartening for the indwiduals affected and Ilmlts the level of support we can provide to others In need of a place. After 8 year of evaluating different projects. our Board now have a very clear vision for our preferred Supported Housing project and are looking to make tangible progress with the build in the very near future. As a Board of Trustees. we remain very focussed on strengthening the ch8rWs abilty to generate more funds itself and supported housing projects are key to making real progress on that front. In flnancial tems. we are currenty forecasting a surplus for 2025, but the final result is obwously dependent upon financlal outcomes for the later months of the year. The comblned ongoing e(x>nomic and soclal conditions in our area are Ilkety to present challenges for some tlme to come. However. the Trustees are confident that our committed team will o)nt]nue to find opportunlties to adapt and fund sepilces to meet the needs of our serdice users. We would once agaln Ilke to Ihank everyone N*l)o has supported us through these chaI￿ngIng Imes. Including buslnesses and Individuals withln our local communty, NELC'S Homelessness Prevenlbn Team and other partner agenries. Finally, we would like to extend our most sin￿re thanks to our fellow Trustees. our Staff and our Volunteers for thelr hard work and ￿MmItMent during the year. structure. governance and management Nature of governlng document Harbour Place Grimsby is a company limited by guarantee govemed by its Memorandum and Artldes of Associatlon dated 2nd July 1997 and updated In 1998. Page 9 Harbour Place Grimsby Trustses, Report Inductlon and tralnlng of trustees New Tnjstees undergo an Infonnal induciion whlth Indudes invitation to a Board Meeting prior to becomlng a Trustee, visiting the reglstered office of the company to familiarise themselves in the way the organisation carrles out its day to day dLrtles and implements decisions. Business planning. the Memordndum and Arbcles of Associatlon and financial perfonnance a￿ also covered. In addition. Twstees are encouraged to attend external tralnlng events which assist them In undertaklng their role. Small companles provlslon statement This report has been prepared i rdance wlth the small companles reglme under the Companles Act 2006. The annual pp by the trustees of the charity on 29 September 2025 and signed on its behaff by: A Brown Trustee Page 10 Harbour Place Grimsby Independent Examinerfs Report to the trustees of Harbour Place Grlmsby (Ihe Companrf) I report to the charfty trustees on my examination of the accounts of the Company for the sBar ended 31 December 2024. Responslbllltles and basls of report As the charity's trustees of the Company (and also its dlrectors for Ihe purposes of rds' or 3. the a¢L￿Unts do rot comply with the a(xountlng requlrements of sectiL)n 396 of the 2006 Act other than any requiremerrt that the 8cc¥)unts glve a Irue and fair vlew which is not a matter considered as part of an Independent examlnation: or 4. the accounts have not been prepared In accordance wtth the methods and principles of the Ststement of Re￿rnMended Practice for accounttng and ￿pOrllng by charities [applicable to charities preparing thelr accounts In accordan￿ with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland {FRS 102)]. I have no concerns and have ￿rne across no other matters In (x)nnectlon wllh the examlnatlon to whlch attentton should be drawn In this report in order to enable a proper understanding of the accxjunts to be reached. C Jensen ACA ICAEW 26 South Saint Ma￿S Gate Grimsby North East Llncolnshlre DN31 1LW 29 September 2025 Page 11 Harbour Place Grlmsby Statement of Financlal Actlvltles for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognlsed Gains and Losses) Unrestrlcted Restrlcted funds funds Total 2024 Income and Endowments from: Donations and legacAes Charilable adlvities Other trading 8Ctivlles Investment income 101.549 55.192 58.006 3,071 101,549 633,649 58,006 3.071 578.457 Totsl Income 217.818 578.457 796,275 Expendlture on: Ralslng funds Charitsble activI￿eS (9,267) 92.906 (9.267) 671,363 578.457 Total expendlture Net income 102.173 578.457 680.630 115.645 115,645 Net movement In funds 115.645 115.845 Reconclllatlon of funds Totsl funds brought forbvard Totsl funds carrfed foThvard 234.205 234.205 19 349.850 349.850 Total 2023 fvnds funds Income and Endowments from: Donations and legacies Charitsble aCtIv￿eS other tradlng actiwties Investment Income 39,364 75.051 40.805 39,364 573,204 40,805 606 498.153 Total income 155.826 498.153 653,979 Expendlture on: Raising funds Charltsble activtties (8,919) 115,317 (8.919) 613.470 498,153 Totsl expenditure 124.236 498.153 622,389 Net InLy)me 31.5S¥) 31,590 Net movement In funds 31.590 31,590 Reconclllatlon of funds Totsl funds brought forward 202.615 234,205 202,615 234,205 Totsl funds carried forward 19 The notes on pages 15 to 23 fomi an IntegRI part of these financlal ststements. Page 12 Harbour Place Grimsby (Reglstration number 3396688) Balance Sheet as at 31 December 2024 2024 2023 Note Flxed assets Tanglble assets 14 3.272 4,090 Current assets Debtors Cash at bank and In hand 15 16 14,076 445.004 110.463 296,590 459.080 407,053 Credltors: Amounts falllng due wlthln one year 17 112.502 176.938 Net current ass•ts 346.578 230.115 Net assets 349.850 234.205 Funds of the charfty: Unre8trlctod Income funds Unrestrlcted funds 349,850 234,205 T¢)tal funds 19 349.850 234.205 For the financial year endlng 31 December 2024 the charity was enulled to exemption from audlt under sectlon 477 of the Companies Act 2006 relating to small companies. Directors, reswnsibilittes: The membets have not requlred Ihe Gharity to obtsln an audlt of its a(xounts for the yBar In questlon In a¢cordanc8 with section 476.. and The directors aCknO￿edge thelr responslbillb'es for ￿Mpl}Ing viith the requirements of the Act wlth respect to accounting records and the preparation of accounts. The financlal stste September 2025 12 to 23 were approved by the trustees. and authorised for issue on 29 elr behalf ty. d si A Brovm Truslee Trustee The notes on pages 15 to 23 form an integral part of these financial slatements. Page 13 Harbour Place Grlmsby ststement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Cash flows fr¢Jm operdllng actlvllles Net cash income 115.645 31,590 Adjustments to Gash flows from non4ash Items Depreclatlon Investment Income 818 3,071 113.392 1.022 606 32,006 Worklng capltal adjustments Decreasel(Increase) in debtors Increasel(decrease) in creditors (Decreaseyincrease in deferred inme Net cash flows from operating actliritles Cash flows fri)m Investlng acllvltles Interest recelvable and similar income 15 17 96,387 4.499 68.935 (98.165) (2.262) 54.930 145,343 (13,491) 3.071 606 Net Increasel(decrease) in cash and cash equtvalents 148.414 (12,885) 309.475 Cash and cash equlvalents at 1 January Cash and cash equlvalents at 31 December 296.590 445.004 298,590 The notes on pages 15 to 23 fomi an Integral part of these finandal ststements. Page 14 Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2024 1 Charfty ststus The charity b Ilmited by guarantee. Int>)rporated in England. and consequendy does not have share capitsl. Each of the trustses Is Ilable to contribuie an amount nol exceeding £10 towards the assets of the charlty in the event of Ilquldation. The address of its registered offlce Is: The Hope Centre Hope Street Grfmsby DN32 7QL These financial ststements were authorised for Issue by Ihe trustees on 29 September 2025. 2 Accountlng pollcles Summary of slgnfflcant accountlng pollcles and key accountlng estlmatss The principal accounting pollcles applied in the preparallon of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The finandal statements have been prepared in aC￿rdan￿ wrlh Accounting and Reportlng by Charities.. ststement of Rewmmended Practice appllcable to charities p￿parfng their accounts In accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)). the Financial Reportlng Stsndard applicable in the UK and Republic of Ireland (FRS 102). They also compty with the Companles Act 2006 and Charitles Act 2011. Basls of preparatlon Harbour Place Grtmsby meets the definition of a pub]Ic benefft entity under FRS 102. Assets and Ilabllltles are initially recognised at historical cost or transaction value unless otherwlse stated in the relevant accounting pollcy notes. The financlal ststemerrts are presented In sterfing and rourKled to the nearest rK>und. Golng concern The trustees conslder that there are no materlal uncertalnties about the charws ability to contlnue as a going concem nor any significant areas of uncertainty that affect the carryfjng value of assets held by the charity. Income and endovnnents All Income is recognised once the charity has entitlement to the Income, it Is probable that the in￿rne wlll be recelved and the amount of the Income receivable can be measured reliably. Page 15 Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2024 Donatlons and legacles Donations are recognised when the charity has been notified in wrtiing of b)th the amount and settlement date. In the event that a donation is subject to (x)nditions that require a level of perfornian￿ by the charfty before the charity is entitled to the funds, the income is deferred and not recognised until either those condtiions are fully mel or the fulfllment of those conditsons Is wholly wthin the control of the chanty and it is probable that these condltions will be fulfilled in the reportlng perk)d. Legacy grfts are recognised on a Case by case basEs folIc￿ing the grarrt of probate when the admlnlstratorlexecutor for the estste has communi¢8ted In wrltlng both the amount and settlement date. In trÈe event that the gifl is In the fonn of an asset other than cash or a financlal asset traded on a recognlsed stock exchange. recognltion is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the tlue to the asset having been transferred to the charity. Deferrnd Income Deferred Incx)me represents amounts r￿1Ved for future periods and is released to Inrnming resources In the perlod for which, it has been ￿CeIved. Such Income is only deferred when: - The donor speafies that the grant or donation must only be used in fuiure acthunllng periods. or - The donor has imposed o)ndthons which must be met before the tharity has uncondrtional entitlement Expendlture All expenditure is recognlsed once there is a legal or constructrve obligation to that expenditure, it is probable setuement Is required and the amount can be measured reliabty. All costs are 8llocatsd to the applicable expendlture heading that aggregate simllar costs to that category. Where costs cannot be dlrectiy attrlbLrted to particular headings they have been allocated on 8 basls consistent with the use of resources. with central stsff costs allocated on the basis of time spent, and depreclallon charges allocated on the portlon of the asset's use. other support costs are allocated based on Ihe spread of staff ￿Sts. All resourc￿ expended are Indusive of irrewrfer8ble VAT. Ralslng funds These are costs incurred In attractlng vduntsry in(xJme, the management of investments and those Incurred in trading activllles that ralse funds. Charftable actmtles Chadtable expendittjre (x>mprises those costs inwrred by the charity In delivery of its aclivlties and seNlces for its beneficiaries. It Includes both costs that can be allocated dlredly to such actlvlles and those costs of an Indlrect nature necessary to support them. Support Costs Support costs Indude central functions and have been alloca￿ to acliwty Cost categories on a basis conslstent with the use of resources. for example, allocating property costs by floor areas. or per capita, staff costs by the tlme spent and other costs by their usage. Irrecoverable VAT Irrecoverable VAT is charged agalnst the category of resources expended for which it was incurred. Taxatlon The ¢harlty Is considered to pass the tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definltion of a charitable company for UK corporation tax purposes. Accordingly, the charity Is potentially exempt from tsxatlon In respect of inrx)me or capltsl gains received within categories covered by Chapter 3 Part 11 of the Corporatton Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Galns Act 1992, to the extent that such in(x)me or galns are applied exdusively to charitable purposes. Page 16 Harbour Place Grlmsby Notes to the Financlal Ststements for the Year Ended 31 December 2024 Tanglble flxed assets Individual fixed assets costing £1.000.00 ¢x more are Inilidly rec*rded at cosL Depreclatlon and amorllsatlon Depreciation is prov]ded on tsngible frxed assets so as to write off the cost or valuatlon, less any estimated residual value, over thelr expected useful economic life as follows: Asset class Motor vehicles Depreclatlon method and rate 200h reducing balance Trade debtors Trade debtors are amounts due from customers for merchandise sold or servi(x performed in the ordinary course of business. Trade debtors are recognlsed Inlually at the transaction prlce. l&ss provision for impalrnient. A provislon for the Impalmient of trade debtors Is estsblished when there is obleclive evidence that the chartty will not be able to collect all amounts due accordlng to the orlglnal temis of the recep￿bleS. Cash and cash equlvalents Cash and cash equlvalents comprise cash on hand and (xll deposits. and other short-temi hlghly liquld investments that are readily convertible to a known amount of cash and are subject lo an InsignÉficant risk of change In value. Trade credltors Trade credftors are obllqatlons to pay for gwds or services that have been a(x4ulred In the 0￿Inary course of business from suppliers. Accounts payable are classified as current liabllities rf the charlty does not have an uncondltional right. at the end of the reporting period. to defer setuement of the creditor for at least twelve months after the reporting date. If there Ès an unconditional rlght to defer settjemenl for at least iwelve months after the reporung date, they are p￿Sented as nOn-{￿rrent liabilibes. Trade credltors are recognlsed at the transactlon PTlce. Fund structure Unrestricted Income funds are general funds that are avallable for use at the trustees dlscretion in furtherance of the objedves of the charity. Restricted In￿rne funds are those donated for use In a parlicular a￿3 or for specific purposes. the use of whlch is restricted to that are8 or purpose. Penslons and olher post retlrement obllgatlons The chaiity operates a defined contrtbutFon penslon scheme. Contributlons are charges in the ststement of financlal actmlles as they become payable In accordance with the rules of the scheme. Page 17 Harbour Place Grlmsby Notes to the Financlal Ststements for the Year Ended 31 December 2024 3 Income from donatlons and legacles Unrestrlcted funds General Totsl funds Donations and legacles: Donations from companSes, trusts and slmllar proceeds Donations from Indlviduals Legacies Total for 2024 20.254 31,295 50,OIyJ 20,254 31,295 50.000 101.549 101,549 Totsl for 2023 39.364 39,364 4 Income from charltable actlvftles Unrnstrlcted funds General Totsl funds funds Outreach, support and nlght shelter Grants for adaptsJons to premises Houslng Benefit 508.546 69.911 508.546 69.911 55,192 633,649 55.192 Total for 2024 55.192 578.457 Totsl for 2023 75.051 498.153 573,204 S Income from other actlvltle8 Unre8trlcted funds General funds Fundralslng Tradlng income; Sales of goods and seThices Totsl lor 2024 57.759 57.759 247 247 58.006 58.006 Total for 2023 40.805 40,805 6 Investment Income Unrestrfcted funds General Total funds Interest re￿1vable and slmilar income; Interest on cash deposits 3,071 3,071 Total for 2024 3.071 3.071 Total for 2023 606 606 Page 18 Ha￿our Place Grlmsby Notes to the Financial Statements for the Year Ended 31 December 2024 7 Expendlture on charltable aclmtles Unrestrfcted funds General Restrfcted fvnds Total fund8 Staff Costs AIIoc8ted support costs Govemance costs 37.293 54.313 1.300 475.344 103.113 512.637 157,426 1,300 Total for 2024 92,g)6 578,457 671.363 Totat for 2023 119,230 498.153 617,383 8 Anaty818 of governance and support Costs Support costs allocated to charltablo acllvftles Other support sts GovernancePAlmlnlstratlon Premlsas costs Total 2024 Totsl 2023 Outreach, support and nlght shelter Alteratlon costs of leased premises 1.300 25,837 33.798 26,327 87.262 78,018 71.464 71.464 72,089 150,107 1,300 25.837 105,262 26.327 158.726 Governance costs fund8 General T¢Jtal funds Independent examlner fees Examlnallon of the finandai statements 1.300 Total for 2024 1.300 1.300 Totsl for 2023 1.200 1,200 Page 19 Harbour Place Grimsby Notes to the Flnancial Statements for the Year Ended 31 December 2024 9 Stsff costs The aggregate pajroll costs were as fdlows: 2024 2023 Staff costs durlng the year wer•: Wages and salaries Social securlty costs Penslon costs 468.987 33.678 9,972 512.637 424.025 35,272 7,979 467.276 The monthly average number of persons (Induding senlor management team) employed by the charity durlng the year was as follows: 2024 No 2023 No CharStsble actlvltles 21 No employee recelved emoluments of more than £60.000 during the year. The totsl employee benefits. Induding gross pay. employers Nl and eMplo￿￿S pension contributions. of the key management personnel of the charlty were £113.933 (2023 - £118,718). 10 Trustees remuneratlon and expenses No trustees. nor any persons ￿)nnected with them, have received any remuneralion from the charity durlng the year. No trustees have recelved any reimbursed expenses or any other beneffts from the charity during the year. 11 Net Incomlngloutgolng resources Net outgolng resources for the ￿r indude." 2024 2023 Depreclatlon of fixed assets 818 1.022 12 Independent examlnefs remuneratlon 2024 2023 Examlnation of the finanaal ststements 1.300 1.200 13 Taxatlon The charfty is a reglstered charty arKI its activities are exempt from tsxation. Page 20 Harbour Place Grimsby Notes to the Financial Statements for the Year Ended 31 December 2024 14 Tanglble fixed assets Motor vehlcles Total Cost At 1 January 2024 At 31 December 2024 5.800 5.800 5.800 5,800 Depreclatlon At 1 January 2024 Charge for the year At 31 De￿rnber 2024 1.710 818 1,710 818 2.528 2.528 Net book value At 31 December 2024 3.272 At 31 December 2023 4,090 4,090 15 Debtors 2024 2023 Prepajrynents Accrued income other debtors 6.611 4,022 9.256 97.185 7,465 14,076 110.463 16 Cash and cash equlvalents 2024 2023 Cash on hand Cash at bank 47 444,957 29 296,561 445.004 296,590 17 Credliors: amounts falllng due wlthln one year 2024 2023 Trade credltors Other tsxatlon and social security Other credltors Accruals Deferred income 8.394 38 19.550 83.754 17,157 11 7,081 152.689 176.938 112,502 Page 21 Harbour Place Grlmsby Notes to the Financlal Ststements for the Year Ended 31 December 2024 2024 2023 Deferred income at 1 January ReSoU￿S deferred in the perlod Amounts releas&fj from F)revious perlcKIs (152,689) (12,586) 81.501 (97.759) (64.981) 10,051 Deferred Income at ￿ar end 83,754 152.689 18 Penslon and other schemes Deflned contrlbutlon penslon scheme The charity operates a defined contrfbution penston scheme. The penslon cost charge for the year represents contributions payable by the charity to the scheme and amounted to £9.972 (2023 - £7.979). q9 Funds Balance at 31 December 2024 Balance at 1 Incomlng January 2024 resources Resources expended Unrestrlcted General 234.205 217.818 (102,173) 578.457 349.850 Restrlctsd 578.457 Total funds 234.205 680,630 349.850 Balance at 31 December 2023 Balance at 1 Incomlng January 2023 re80urce8 Resources expended Unrastrlctsd General 202.615 155.826 (124,236) 498.153 234,205 Restrfcted 498,153 Total funds 202.615 653,979 622.389 234.205 The specifrc purposes for whlch the funds are to be applied are as follows: The general fund represents the free funds of the charity whlch are not designated for partlcular purposes. The restricted fund principally Includes income re￿pIed for the Rough Sleeping Initiative and funds rec£ived from the Tr8nsfomptlon Fund. Page 22 Harbour Place Grlmsby Notes to the Flnanclal Ststements for the Year Ended 31 December 2024 20 Analysls ol net assets between funds Totsl funds at31 December 2024 Unr88trlct•d funds General Tanglble ffxed assets Current assets Currenl liabllities 3.272 459,080 112.502 3,272 459,080 112.502 Totsl net assets 349 850 Total funds at31 December 2023 Unrestrlcted fvnds General Tanglble flxed assets Current assets Current Ilabillties 4,090 407.053 176.938 4,090 407,053 176,938 Totsl net assets 234,205 234.205 21 Related party tran8acth>ns Durfng the year the charity made the folk>vAng related paty transactions: Andrew Brown wstee) Andrew Brown owns the land and buildings for the Hope Centre and this Is held on a long term lease with the charfty for no rent. During the year a charge was ralsed of £3.503 to Andrew Brown to cover the o)sts of insurance P81d. At the balance sheet date the amount due to Andrew Brown was £3.503 (2023 - £Nil). Mother Archltects Umlted (Company owned by Jo Hodson. a Trustee) Services were purchased from Mother Architects knmited at 8 totsl cost of £6,120. At the balance sheet date the amount due tolfrom Mother Architects knmited was £Nil (2023 - £Nil). Page 23