Charity iegistration number 1075237 (England and Wales) Cornpany reg15tratlon number 03484285 NORTHERN HULL COMMUNITY DEVELOPMENT LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NORTHERN HULL COMMUNITY DEVELOPMENT LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mrs Juslina Oraka Mrs J Brindley Ms K Y Pickering Mr S Priiic Mr D Woods Ms H Burton (Appointed 24 June 20241 Socratary Mr L Woods Charity number (England and Wales) 1075237 Company numbor 03484285 R¢glstèr•d offl Comunity Resour Centre 501 Endike Lane Hull East Yorkshirg England HU6 8AQ Auditor Fawley Judge & Easton Charter8d Certified Accounianls 1 Parliament Street Hull East Yorkshire HU12AS
NORTHERN HULL COMMUNITY DEVELOPMENT LTD CONTENTS Page Trustees. Ipport Ind8p8ndent audltor's r8port Stslemenl of financial activlties Balance sheet 1( Noles lo the flnan¢lal 81al8m8nl8 12-24
NORTHERN HULL COMMUNITY DEVELOPMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 Irust88s, pr858nt their report and lh8 financial statetn8nts ol lh8 charily lor the year ended 31 March 2017 The 8¢ctsunls have been prep8reé in Ordenee wilh the 8¢¢ounting policies set out in note 1 to the 8¢¢ount$ 8nd comply with the charity's the Charily's Conslitution,the Chaiilies Acl 2011, the Cornpanies Acl 2006,Ihe MetnDrandum and Articles ol As50riation and Reporling by Charities." St3ternent of Recornrnended Practice applicablè lo CharleS preparing thelr aceounts in accordance with , the Flnancial Reportlng Standard for Smaller Enlllies Objectives and activitie The ¢harlly'$ oble¢tiVgs and prfnclp818ctlvllles are lo.. To support the growth capacty in the area, which will involve local residents and inlergsled parties in the running ol the argani5ations and projects in the HU6 area. To dovglop long tgrm assets In th& orga, lor Ihg u$tr of mgnl)trrs ol th9 communlty, for tho ddSvory ol Iho proltr¢ts and for the generalwjn ol income 10 5UPPOrt Ihe activity ol the community and UIC and so reduce th8 dependency on short-lerm granl income. To dgvolop projects that will increast the opportunities for HU6 residents Ihrough the dtsvolopmenl ol gmployminl bas1 initiatives and through th8 delivery ol training Ibolh certificated and non-certfficaledl Publi¢ bono41t Th8 Trustees have paid due regarj to guidance issued by the Charity Comrni8sion in deciding what acb'vilies the charity should undertake. Achlevements and perfomiance Sigiiilic&nl aclivitl8S and achi&vem&ntB a98inst obj8cliv88 During the year, Northem Hull Community Developrnenl Ltd ha5.. Incr8as8d usag8 and footfall at 372 Gr88nwotxI Avenue. 2. Continued delivery of Adult Skllls Fund 1¢ provide th& communily ac¢ess 10 8 variety ol tr8inlng courses. 3. Distributed Fuel Vouch8rs acroBs Hull. East Riding, North Lincolnshire, Noth8ast Lincolnshir•, Noth YorkEhir• and thè North East. 4, Supported 6,666 households on pre-payment with Fuel Vouchers S. Continued delivery of UKSPF.funded programmes, induding ExplorSng Opporluniti8s, Exploring Volunl8oring & Explorlng Employmant 6, In¢roased usage ol our Adull Learning Space lo provide awess lo Mèths, English, IT educalion. 7. Supportad Hull resdenls through tho Hoallhy Homès Schèm& during winter. 8. Housed and sUPPOrted 14 Ioc31 bu5ine5Se5 al the Greenwood Business & Ent#rprise C8ntrè. g, Distributed lood parc815 to local resid8nls. 10. Conts'nutrd dtrvttlopm¥nt of a Construction Study Programme, replaang th8 lorm8r Tralneeship Project. 11. D91iv¢red the Muhiply project on behalf of Humbèr Learning Consortium supporting residonts wilh nurneracy-baséd activitl8s- En•rgy support. Cookwy Skllls and Und8rstandlng numbérs In 8v8ryday lif8. 12. Host8d 1,944 voluntèèr hours during Ihtt y#ar. 13. Assisted Hull City GoLJncil'5 Resettlernenl Team in wèl¢oming new farniliÈs lo the clty.
NORTHERN HULL COMMUNITY DEVELOPMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 During th8 year under review we have worked in partnership with.. Hull City Council Northern Are8 Team Locality PCSO and Refugee Support Teams Comrnunlly Trlumph Real Aid Fareshare Hull Northern Social Club No Dlg Comrnunlly Allotmenis Humber Leaming Con50rtium Citizens Advice 8urèau City Healthcare Pathership ReNt>w King5wo)d High 8thDr>l Rainbow Garden Hull Library of Stuff Probe Hull Lld Through Unity Contracl8, th8 Chaiity has also work8d with social landlordB, developm8nt IrustB, and charitable organisations, including the Asylum Support Team, lo deliver properly maintenance 8nd refurbishment services. Fln&n¢lal revl•w Tho Ilnanclal slatgm&nl$ are sel out glsfywhgrg Sn this report. Durin9 thg ygar vndgr rovigw th$ Company h4$ • ¥urplu$ ¢f in¢¢m ov¢r xp?ndituro of £402,663 10ovin9 Ihg ¢ornpany with nel 0$$91s 01 £1,756,994. Reserves Policy Th8 Trustees sèèk lo maintain a lèvel ol free rèsèrvès Ithat Is ILJnds not Iled up In flxed assèts and rèstrlct8d lundsl that ivlll enable the Charity to sustain ils operation over a period when the incorne generatiDn maybe curtailed temporarily or pertnan8ntly. Th8 Trustees consid8r the tnosi appropriate levgl to b8 6 rnonths exPeIlur9 on charitable objectives and managernenl ol the organi5alions and are striving lo InCase free reserves lo this level gi'oen the growth ol the organi5alion, Daficlt on Ihg Gen&ral Fund Th8 Trust888 aro andeavourlng to put In plac• r8v8nue slr8am5 whlch will •nabl8 Ihls dèllclt to b8 reducèd In thè futur8. To lh8 extent that thi5 doEs not happ8n a transfer Irotn th8 Endowmtrnl VAII bè madè for th• pr8vlous yèars dtrflclt In accordance viilh the busine55 plan for the release of the fund5 lo the Charity, Resetves policy 11 is the policy ol the charity Ihat unrestricted lunds which have not been designated lor a specific use should be rnaintained al a level equivalent lo between three and six month's expenditure. The Trustees consider that reserves al this level will ensure that. in the event ol a signifi¢anl drop in funding, they will be able lo continue Ihe charity's ¢urrenl actwilies whi18 consideration is given to ways in which additional funds may be raised. This level ol reserves has been maintained throughoul Iha y9ar. Majornsks The Trustees are reVieng the major risks to which the Charity 15 exposed. Intem81 risks are rninimised by the implementation of predureS for authorising transactions and projecis, to ensure consistent quality of delivery lor all op@r31ional aspgft6 of Ihg Charity. Th969 pldurgS ar9 P9Tiodirally rgvlgwgd lo Ih9y m991 th9 nggd5 Qf thg Charity
NORTHERN HULL COMMUNITY DEVELOPMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for fvture perlods PLANS FOR FUTURE PERIODS UIC will conlinuc tQ Cxpond Its cornmunity ond inoornc%encroting initiatives, including.. Business Support.. Enhancing support for tenants at 372 Greenllaod Avenue to foster local entrepreneurship. Properly Development.. Working with Hull City Council to renovate and acquire empty hornes across the city. Cotnpuler Suite." Providing access to digital training, job search support, and tackling digital exclusion. Training and Skills: Delivering accredited Iraining in fv1aths. English. IT, Construction, Health & Soual Care, Custorner Sarvica, and Hospitality. Greenwood Site.. Building a strong user ba59 and supporting r8sdent5 Ihrough divgrs$ Gorllmunily projeds. Slrucluro, govemanc• and managemont The company Norlhern Hull Communlty Development Llmllgd, whl¢i trades as Unity In CDmmunlly IUIClls a company Ilmlled by guarante8 and a regislered charity governed by its Memorandurn and Articlgs ol Association. 11 acts entirely as a non-profrt making organisation The Trustees, who are also tre directors lor the purpose ol Company law, and who served durlng the year and up lo Ihtr dal8 of signature ol th8 financial staternenls were.. Irs Justina Oraka Cllr S Wi150n Irs J Brlndlay Is K Y Pi¢kgring Ir S Prince Nlr D Wood8 Ms H Burton (Resigned 1 May 20241 (Appointed 24 June 20241 Rècruilmènl nd &ppoinim$nl ollNst••s Tru51ee6 are recruiled trgtn Ihe loc81 communily and organisalion5 and are elected lo the Board al the Annual GEneral Mppting, In accnrdance with the Memorandurn and Arlicle5 01 Assnr.i8tion at the Annual General Mppling one.Ihird of the ir¥clors will r8tir• by rolalion Mr D Walk8r and Mrs J Oraka b8ing 8ligibl8 offer th8ms8lv8s for r•-8leclion. A rnaxirnum of Ihr8É) now Iru$l#s masl be co.opted onto th 8oard untll th• n¥xt Annual G#nral meeting wh#n they will ratlro and t)*ing eligible be nominated lor reappoinlmenl by Ihe members, The Trustee5 to relire by rotation shall be those who have served long&sl sincg thèir last appointmènl or ra-appointrngnt, bjl bètwèèn porsons who bacame or wèrè last r&-appDint8d Trustèes on the sam# day thosa to retire shall bè lun185g they oth8rwise agre8 amongst themselvasl bè det8rmlnad by all. The cornpany's current polScy concernlng the paymenl ol trad& cr•ditors Is lo follow th8 CBI'S Prompt Payers Cod8 Icopl8s am available from thè CBI, Centre Polnl, 103 New Oxford Straol, London WC1A 1 DUI. The cornpany's current polScy concerning the payment ol trade creditors Is lo.. saiile the lems ol paymtrnl with suppliers wher) agreeing the terms ol each transaction., ensure that suppliers are made 8w8rÈ of the tem)s of payment by inclueion of the relevgnt terms in ¢ontra¢ls", and pay in aCCordare with the company's contracluEJ and olher legal obligalions. Trade Creditors of the company at the year end were equivalent to 30 day's purchasès, based on thè average d8lly amount invoiced by suppliers during the year. Org8ni88tion81 stw¢l(Jre The Board of Trustees who are also the directors rneet rnonthly to administer the Charity. They are supported by varicus sub-cornmittees. The Finance Manager and Contracts Manager oversee the day to day operation ofthe Charrty supported by paid staff and volunleeis.
NORTHERN HULL COMMUNITY DEVELOPMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Dlsabled p•rsons Appli¢aiions for ernp10'Mont by disabled persons ar& 8Ivi8ys fully considerad, bèaring in mind tha apiiludos of tho appli¢an1 conc8rn8d. In the 8venl of members of staff becoming disabled, 8Vory effort is made to 8nsure that their 8mployrn&nt within the Charity continues and Ihat the appropriate training is arranged. 11 is the policy ol the ch8rity that the trainin9, ¢areer developmenl and pro[110 ol disablgd persons should. as far as PDssible. be identical lo ihal of other ernployees. Slatsmenl of Tru819ts8' re$pon8ibiliti08 Th8 Tiustges. who ai8 also the dir8Ctors ol Ntsrth8rn Hull Comrnuni1y D8vglopmenl Ltd loi th8 purpos ol cornpany law, ar9 responsible for preparing the Tru51ee5' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards junited Kingdorn Generally Accepted Accounting practi1. Company IBW requirès thè Trustèes to prepare aecounts lor 8ach Ilnanclal year thlch glv& a trLJè and falr vlèw ol th8 slal8 01 allairs of the charity and ol the incoming resources and application ol resources, including the income and expenditure, of the charitable cotnpany lor thal year. In pr8paring these accounts, tho Trust88s ar8 r8quSr8d lo.. select suitable acCoUn'ng policies and Ihen apply them conslstently,. observ8 th8 méthods and princlpl8s In th8 Charlti8s SORP., mak8 judgèrnonls and •stimt•s that are r8asonble and prudénl.. and prep8re Ihe accoun15 on the going concern basis unless il is InappprI8le lo presume thai the charity will continue In OP8ralion. The Trustees 8r8 spOnSible lor keeping adequate a¢¢ounting rrdS th81 cli8¢lose with re8son8ble 8¢cur8ey 81 any lime the financial posits'on of Ihe charity and enable them to ensur8 that th8 accounts comply with the Companies Act 2006. Th8y are also responsible for safeguarding the as5els of the charity and hence for taking reasonable steps for the prevention an¢ elects'on of fraud 8nd other irre urripany law requires th8 TrusPees lo prepar8 linancial slalemenls for each financial yeai which give a true and lair view ol the state ol affairs ol the charity and ol the incoming resources and application of resources, including the incorne and expendllure, ol the ¢harilable Company for that ytrar. In pr¥paring thèsè financial stattrments. th¥ Trusts•s ar# raquirèd to.. sÈlect SLJitablÈ a¢counllng policies and then apply them consistèntly; observe th8 m8lhod5 and piinciples in the Charities SORP", make judgarnents and 8stimat8$ that are rtsasonable and prudent., and prep8E the Ilnancial ststements on the going conrn basis unless it is inappropdate lo presume Ihat Ihe charlly will continue in oporation. The Trustees are responsible for keeping adequate accounting rerdS that disclose with reasonable accuracy 81 any lime the financial posib'on of Ihe charity and enable them to ensure that the financial staternents comply wrth the Cornpanies Act 2006. They ar8 also r8sponsibl8 for safeguarding the assets ol the chanly and henc8 for taking r8asonabl8 steps for th8 prevention and detection of fraud and other irregularities Audltor A re501ution proposing that Fawl#y Judge & Easton bo r#appolnt#d as auditors of the company wlll ba put to Ihe m#mb#rs.
NORTHERN HULL COMMUNITY DEVELOPMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, rtrport was approvad by thè Board of Trustees. fvlr S Prince Trustee 26 November 2025
NORTHERN HULL COMMUNITY DEVELOPMENT LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF NORTHERN HULL COMMUNITY DEVELOPMENT LTD Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol Northèrn Hull Community Oevelopm$nl Ltd Ithe '¢harily'i for the y&8r ended 31 March 2025 which comprise th8 Stat&M8nt of financial activiti&s, th8 balance sh88t, th& stst8m8nt of cash flows and not to the financial slalements, including signfficanl accounting policies. The financial reporting Iiamework that has been applied in their prep8ralion is applicable law and Unitgd Kingdom Accounting Stsndards. including Financial Rq)orting Standard 102 The Financial Reporting Standardapplicable in the UK and R&public of Ireland (United Kingdom GerErally Accepted Acwunling Practi1. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 31 March 2025 and of ils incoming resoLJr¢es and application ol resources, lor the year then ended: havg b&8n prop8rly preparad In accordance with Unlled Klngdom Generally Ace8pled Accounllng Practl¢,' and hav& been prapared in a¢¢crd8nce with Ihts requir&mgnts of th& Compani68 A¢1 2006. Basis for opinlon We conducted our audrt in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our rgsponsibililitrs und9r thosg standards are lurthgr dgs¢ribgd in tho Audilors r&sponsibililies for th$ au(lil of the finon¢i&l stalgments section ol our report. We are independent of the charity in accordanco with the ethical requir8m8nts that are rèlevant to our audit ol the linanc4al statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other elhi¢al responsibilili8s in accordancg wilh these rgquiremenls. We beligve that the audit evidence we have obtained 1$ sufficient arNJ appropriate lo provide a ba515 lor our opinion. Con¢lu81on$ r•latlng to golng ¢¢n¢¢m In audrting Ihe financial statements, we have concluded that the Tru51ees' use of the going concern basis of accounting in the pr8paration of Ihe financial stat8m8nls Is appioprialo. Based on tl work we h8ve perfomed, we have not identified any m8teri81 un¢ertainlies rèlating lo events or conditions that, individually or colleclivoly, may cast significant doubt on the charity's abilbty lo continug as a 90ing conc•rn for • period of ai least twelve months fr(Yn when the financial statements arè authorised for issuè. Our responsiblli118s and tha r8sponsibillli8s ol th• TnJst8gs wSth r8sp8cl lo golng conc8m ar8 d8scrib8d Sn thè rélevant sèctions of this report. othar Infomiatlon Th8 olh#r Inlormallon comprls#s th# Infomation includèd in th* annual rtrport othèr than lh# financlal stalemants and our auditor's report Ihereon. The Trustees are responslble fly thè other Inforrnation Containèd within the 8nnual report. Our opinion on the linancial slatem8nts does not cover the olher infomiation and we do not express any lorm ol assurance conclusion Ihttraon. Our responsibility is to read tho Oth information and, In dolng su, consldar wh8lhttr Ihtr oth8r inlormation is malgrially incrjnsistent with the flnancial %t8lÈments or our Knowl9¢ Dbtsined In the coursè of the 8iJdll, or otherwise app¥ars lo b• materially misstated. If wè Idenlily such materlal inconsislenci8s or apparent rnal8ri81 misslat•mtrnls, w• ar8 required to determing wh8ther thi5 giv#5 rise lo a mat8rial mis51at8rn8nl in the financial stat8m8nts th8mselves. If, bas8d on the work we have performed, we conclude thal there is a materi81 miss18ternent of this other inforrnation, w8 are required to r¥port that fact. We have nothing to report in this regard. Mattern on which we are required to report by ex¢eplion We have nothing to report In respect of the Idlowing matters in r8lalSon to whlch th8 Chariil•s (Accounts and Raportsl Regulations 2008 iequiies u5 to report lo you if, in our opinion". Ihg Inlom)aWon slven In Ihe fln8n¢lal siaigmgnts Is Inconslsient In any maigrlal r8spact wSth 1he Trusiees, rgpon,, or sufficienl a¢counting records have not been kept,. or Ihe fin8noal statements are not in agreemeni with the accounting re¢ords- or we have not received all the information and explanations we require forour audit.
NORTHERN HULL COMMUNITY DEVELOPMENT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTHERN HULL COMMUNITY DEVELOPMENT LTD ResponslbllStles of Trusteos As exp18ined more full. in the slalemenl of fruslts&8' rèsponsibililitss. the Trusl&es. who 8r8 also th& diro¢lors of the aharily for th8 purpose of cornpany law, ar8 r8sponsibl8 for th8 pr8paratioN of the financial 8tat8rn8nts and for being satisfied that they give a true and fair view. and for such internal contrc)l as Ihe Trustees (Jetermine is necessary Ir) enable lh& preparation of financial statements that are fr88 Irorn fflalgrial rnisstalemenl, whgiher due lo fraud or error. In prep81ing the financial statements, the Trustees are responsible lor assessing the charity s ability to continue as a going concem, disclosing, as ppli¢able, mallers reloled lo going ¢on¢ern and using the going concern basis of a¢¢ounling unless the Trustees eilher inl8nd to liouida1e the charil8b18 corvpany or lo cease op8ralions. or have no rg8li$lic allemalive bul lo do so. Audltor's responslbllltles for the audlt of the Ilnanelal statements We have been appointed as auditor under sIlDn 145 01 the charitS Act 2011 and report in accordance with the Act and relevant regulations mede or having effect Ihereunder. Our objecb'ves are lo obtain reasonable assurance aboul whether Ihg fi'nancial slatetll8nts as a whole are fro0 fro ma18rial misstatement, whelher due to fraud or errar. and lo issue an auditorfs report that includes our opinion. Reasonable assuran-e is a high lev910l as$uran¢o but is not ¥ guarantgs Ihal an audit ¢ondu¢l$d in a¢¢ordanc¥ with ISAS IUKI will aayS dotg¢t a Tnaterial mi53talement il exist5. Mi33tatementS Gan arise frarn fraud or error and are Gon5idered rnalerial if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions ol users taken on the basis ol the$$ financial slalomgnls. The extent to which our procedures are capable ol detecting irregularities, includin9 fraud, is detailed below. A further desGriplion ol our re5pon5ibilities Is available on the Financial Reporting Council'5 websile at.. h1tP5.'Ilw Irc.org.uklaudilor5responsibilities. This description forms parl of ow audilorfs ieport. This report is mad& solgly lo the charity's Iiustees, as a body, in accord8n¢e with Pad 4 01 Ihe Chaiilies IA¢¢ounl8 and Reports) Reoulations 2008. Our audit work has been undertaken so that we miohl slate to the charity s trustees those matters ie are reqiiired to slate lo them in an 8urJitor's report and lor no otr purpose. Tr> the fUl$t exienl permilled by law, we dc> not accept or a58ume r8sponsibility to anyone other than Ihe Charity and Ihe charity's trugiees as a body. lor our audit work. for this report, or lor the opinions we have formed. Jonath8n Loalhlgy {S•nlor 818tutory Audltorl For and on behalf ol Fewley Judge & E8slon, Slalulory Auditor Chart6rod Certified Accountants Chartgred Certified A¢Gountsnts 1 Parfiam8nl Str••t E8St Yorkshlre HU1 2AS 26 November 2025 Fawloy Judge & Easton is aligible for appointmenl as auditor of the charity by virtutr ol its eligibility lor appointment as auditor of a company undèr se10n 1212 01 the Cornp8ni&s Act 2006.
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NORTHERN HULL COMMUNITY DEVELOPMENT LTD BALANCE SHEET AS A T 31 AIARCH 2025 2025 2024 Not9¥ FlxÈd 8gse18 Tangib18 asse18 15 1,345,962 1,034,510 Currènt a88•t8 Stocks Debtors Cgsh al bank and in hand 16 17 20.365 438,304 191,557 11,941 651,428 650.228 927,913 Creditors: amounts falling due within one yèar 19 129.2601 N•t ¢urr•nt a88•ts 620,966 471.W Total assets less current Ilabllltles 1,966,928 1,506.414 Crdllors: 8mount$ folllng dug aft•r mor• than one ycar 20 1157.2351 1152,3631 N•t as1 1,809,693 1,354.111 Tha fund& of thè ¢harily Endowmtrnl funds Restricted income funds Unrestricted funds 21 22 23 1,123,832 315 685.546 1.123,832 97.317 132.962 1,809,693 1.354.111 The ¢ompany Is entitled lo the exemption from Ihè audlt requlrement ¢ont8inèd in Èe¢tl¢n 477 01 the Companies A¢1 2006, lor the year ended 31 March 2025, The directors acknowledge their respon5ibilrties lor complying with U)e requirements of the Companies Act 2006 with respect lo accounts'ng recc>rds 8nd the preparation ol linanaal statements. The members have not required the cornpany lo obtain an aLJdil ol ils financial slatements Ljnder the requirements ol the Companies Act 2006, for the year in question in 8c¢ord8n¢e with $tion 476. Th85e financial 51at8rnent5 have prepared in accordanTr with the provi5i0ns applicab18 to cornpanies subjecl to the small companies regirre. The financial Sialemenis were approved by the Truslges on 26 Novernber 2025 Mr S Prin¢e Trustee Cotnpany r£gistration nutnb8r 03484285 (England and Vlalgsl 10-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notss Cash flows from operatlng actlvltl•s Cash (absod byyg8n8raled from operation 26 1450,9011 507,732 Inve8tlng aetSvltles Purchase ol tangible fiyed asset Proceeds from disposal ol investments 174.9471 17,093 Net cash used in investing activities 157,8541 Flnanclng actlvltlo• Repayment ol bank loans 18,9701 14.4971 Net ¢aJh u88d in finan¢ing Ictiirytie 18,9701 14,4971 Not Id•¢r•asèlllncrèa$• In ¢ash and ¢ash oqulval•nts 1459.8711 445.381 Cash ond $h equivalgnlg gt beginnlng of yfjar 651,428 206,047 Ca$h and ¢g$h equlva19nl$ 01 ond ol y94r 191.557 651.428 11
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountSng pollcle8 Ch8rity infowmation Northern Hull Ccmrnunity D8v8loprnont Ltd is a privat8 company limited by guaranlae Sncorporat8d in England and Wales. Th• r8glstered offic8 is Comunily Resourcè C&nlr8, S01 Endlke Lane, Hull, East Yorkshir8, HU6 8AQ, England. 1.1 A¢¢ountlng convontlon The financial stalements have been prepared in accordance ivith the tharity'5 governing docurnent, the Companie5 Act 2006, FRS 102'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP 'Accounling and R8Forting LTry Charilies.. Slal8ment ol ReconifftenLled Praciice applicable to chanlies preparing Ihalr accounts in accordance wilh the Flnancial Reporting Standard applicabl6 in the UK and Republlc ol Ireland IFRS 1021 The charlly 18 8 Publlc Ben8fi1 Entity as defined by FRS 102. The charfty has taken advantage of lh8 provisions in the SORP for charllie$ not lo prepare a slalernenl ol cash flows. th8s8 Ilnanclal stat8m8nts ¥8 round8d to thè n8ar8St £. Th? financial Slalements ha'ie been prepared under the historical ¢osl Convenlion, Imodified lo include the revaluation ol freehold properties and lo include inyestrnenl propgrties arvj certain financial inslrutnents ai lair valuel. The principal aocounling policie5 Bdopted are 8et out below. 1.2 Going concem Al the tirne of approving the financial slalernents, the Trustee5 have a reasonable eKpeclalion Ihat the charity ha5 ad8qual8 r8sourc8s to continu8 in operational 8xist8nc8 lor th8 foresè8abl8 futur8. Thus th8 Trusl8es continue to adopt thè 90in9 tonc8rn basis ol accountlng in pr•parlng the linandal $lat•rn•nls. 1.3 Charitable fund Unr8slriclèd funds ar8 avallabl8 fDr use at the discrètlon of thè Trusl8•s In furth8ranc& ol thèir charllabl8 objectlvès. Restricted funds are subject 10 6pecrfic conditions by donors or grantors as lo how they may be used. The purpDS8S and uses ol the restricted funds are set out in the notes to Ihe linanaal statements. Unraslrl¢l&d funds org evallablg for use al lh9 dlscrgllon of th? Truslegs In furthgr4ncg of Ihg oengral oble¢tlves of Ihg harity. Dgs19na1ed fund$ are unrgslrl¢ted fund$ 98markgd by th9 mona9emenl wmmltt¢e for particular purposes. Restricled fund5 a subject to restrictions on their expenditure irnposed by the donor or through terms of an appeal. EndciY4ed funds are asseis donated to Ihe tharity lo form a capital base k) cary out it5 charitable objectives 1.4 Incorng Income is recognised when Ihe charity is legally entiued lo it after any performance conditlDns have been Mel, the amounts Qon measur¢d roliably, and it is probobl¢ that incomc will bc r¢eoivod. Cash donations are r8cognis8d on r8c8ipt. Oth81 donations ar8 recognisgd onc8 th8 charity has b8en nolifigd of th8 donation, unless perforrnance conditions require deferral of the amount. Income tax recoverable in relation to donations ceived under Gift Aid or deed5 of covenant is recognised at the time of the donation. 12-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Leg8¢ies 8re re¢ogni8ed on receipt or othetwi$e rf the ¢h8rity h83 been notified of an impending dialribution, the amount is known, and receipt is expect. 11 the amount is nc* known. tha legacy is treated as a contingent asset. 1.5 Exp&ndliur• Expendiliire Is recognised onpE there is a legal or¢onstructive obligation to transfereconomic benefit to a third paty. It 1$ probablo that 8 transfer ol economic benèfits will bè required in sètuemènl, and the arnounl of th8 obligatitsn can b6 measured reliably. Exp8ndilure IS ¢lassilitsd by activity. Th& costs of each activity ar8 rnade up of the lot81 of diie¢l costs and shared ¢osl8, indiidino support cn%ts involved in undertakino each activity. Direct costs atlribuiable to a sinol• activity are allncaled directly lo Ihal activity. Shared costs which coniribuie to more th8n one 8¢1ivily and 5UPPOrt costs which are nol aiiributsble to a single activity are apportioned between those 8clivilies on a basis consislenl with the use ol resources. Central staff cosls are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assel's use. Re50urce3 expended are charged on an accruals basis, inclusive ol irrecoverable Vlue Added Thx. Direct Gharitable expenditure comprises those costs directly incurred in pursuance ol the Companys chariiable aclivilies, where the costs rightly be1(g to more Ih8n ona activity an appropriate proptsrtion is charged lo &ach activity. Govarn8ne8 costs indudes expenditure which is incurred meeting the conslitulional and statutory requirements ol the charrty 1.6 Tanglble nxed assets Tanyibl¥ fixed a5set5 are inrtially measured al w51 and 5ubse4ugnly measured at Gosl or valuation, n?1 ol deprgGialion and any impairmenl105ses. Depr8elation is racoonlsèd so 88 lo write off thè eosl or valuallon of 38séts1888 th8lr r88lduai valué8 ovar th8lr useful livas on the following bas8S'. Land and buildings Invesknenl Property Fixtures, fittings & equipment Motor Vehicles Land is not depreciated Property 15 year8 Impairrnenl review 5t0 10years 4 yegrs The gBin or loss arising on the disposal of an asset is determined as Ihe differeTr between the sale proceeds 8nd the Carrying value ol Ihg a$sel, and is reGognisgd in Ihe $181gtngnt of linanGial ath'vilies. 1.7 Impalrm•nt of flxod assots Al each reporting end dale, the charity review5 the Garrying amoun15 of its langible asset5 to determine whether there is any indication that those assets have suffered an irnpairment loss. 11 any such indication exists. Ihe recoverable amounl ol the asset is aSlitnal8d in oidgf to dèlgrrnin8 th8 exl8nt ol Ihg itnpaitm8nl loss lif any!. 1.8 Stock¥ Slock5 are slated al the lower of c05t and e51irnaled selling prictr less Costs Io CDmplete and sell. Cost comprises direct mateii81s and, where opplicable, direol labour cost5 and those overheads Ihot have been incurred in bringing the stocks lo their present locatDn and condition. Items held for dislributs'on al no or nominal consideration are measured the lower of replac8m8nl Coil and cost. Nel realisable value is the 881imaled selling price less all e31irnated costs ol cornplelion and costs lo be incurred in marketing, selling and distribution. 13-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl 1.9 et$h and tsh oquivalontj Cash and cash equivalents include cash in hand. deposits hdd at call wilh banks. other short-term liquid investments with original maluritios of three months or1os$, and bank overdrafts. Bank overdrafts are shown wlhin bc>rrowings in urrenl liabilities. 1.10 Flnanclal Instruments The charity has elected lo apply the provi5ion5 of Section 11 'Basic Financial Instrurnents, and Section 12'0ther Financial Instrurnenls Issues, of FRS 102 10 811 of its financial instrument5, Flnanclal Instruments are recognised In thè chadl> s balance sheet when the charfts. becomes party to the contractual provislons ol the instrument Finan¢181 assets and liabillties are offset, with thè net 8moLJnts presented in the fin8nclal statements, when there 1$ 8 legally enforceabl8 rlght to set off recognlsed amounts and there15 an intention lo settle on a n8t basis or lo realis8 th8 ass81 and $81118 the Ilablity slmullan80usIy. BasSc flnanclal a$sg1$, whl¢h Include deblors ond ¢a$h and bonk balancos. aro inltl$lly mogsurgd al Iransa¢llon prl¢e induding Iransaclion cos15 are subsequently carrigd al aTnorts'sed wst using the effective inleresl rnelhod unless the arrangement constitutes 8 financing transaction, where the transaction is rneasured at the present value of the future rè¢91pts dlKounlgd 01 a markol ratg of in¢¥r?sl. Fln8nck41 $s8&18 ¢la$Se a$ rgcelvablo wthln ong year org nol aMOrti. Basic financial liabilities Bas1¢ fln8n¢i81 liabilities. including credilors and bank 108ns are Ini118lly recognised 81 transadion price unless the arrangement constilules a financing transaction, here the debt instrument is measured al the present value ol the future payments discounted at 3 market rate ol interest. Financ131 liabilities classified as payable within one year are not amortlsed. Débt Instruments are subwuéntly eariièd al arnartlS8d cost, using thè Èffèctivé Inlarèst ratè method. Trade creditors are ubligalions lo pay for goods or services that havtr been acquired in the ordinary course ol opèrations from suppliars. Amounts payable are ¢Lasslliod as current liabllille$11 payment is dLJe within onè yèar or18ss. If not, they are piesenled 8$ non-currenl liabilities, Trade ei8dilois are recognised initially at transaction piic6 and subsequently measured at amortised Cost using tfri8 effective inl8rÈst rnelhod. Dere¢ognlilon olflnan¢141 Ilablll¢les Financial liabilities grè deretognised whon the oharity's contra¢tiial oblioations expire or nre dis¢harued or oancelled 1.11 Employee bengflts The cost of any unused holiday enlitlemenl 18 recognised in the period in which Ihg employee's 88rvices are received. Ttrrmlnallon benefits are recognlsed Immedlalgly as an expanse when the charity is demonstrably wmmllled lo terrninate the employment of an employee or to provide l8rminalion benefits. 14-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal accounung estlmates and Sudgements In the 8pplie8bon of the ch8rity'$ 8e¢ounting polioes, the Tru$tees a required to m8ke judgernents. e$brn8tes and assumptions about carrying atnounl of assets and liabilities that ale not readily apparenl from other sources. Th8 estirnates and associated assumption5 are based on hi5torlcal expèrfence and other lactors that are consldered to be relevant. Actual iesulls may differ from these esllmates. Thp p.limAIp And ijndprfying A88iJmptinnq Arg. rp.vipwpd nn An nnonino hAqi¢ Rp.viinn In Aernijnlino p.8lim2ip.8 Arp recogn159d in the perlod in which the estimate is rev158d where the revlsvjn affects only that perlod, or In the period ol the revision and Tutur8 periths where the revision aff8cls both current and future periods. In¢om• Irom donatlons and1oga¢l•s Unrn8trlct•d nds 2025 Unr•itrlct•d funds 2024 Donallons and gKI$ 5,420 25,426 Incom• from charltablg actlvltlos Unrostrlct•d R•strfetgd funds lunds 2025 2025 Total Unrestrlctod Restrlcted lunds funds 2024 2024 Total 2025 2024 Cor• Sale of gooL48 Charitabl# r8nlal Incom Other income 33,018 24,944 157.556 33,018 24,944 501.604 31,398 244.366 31,398 2,823,688 2.i79.322 344,048 Prop•rty Charitable rental income 45.613 45,613 45,396 45,396 Contracting Sale of gooL48 462.720 462,120 340,814 340,814 784.097 2,i79,322 3,363,419 601,728 344,048 945,7T6 Othev income Unrestrlctèd Unrestrlcted funds lunds 2025 2024 Other income 1.277 15-
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NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable Corg 202S Core 2024 Gran15 to individuals 1,975.000 53.(B2 Support ¢o$t$ allocatod to •¢dvlll¢$ 2025 2024 Dgprecialion Repairs and rengwals P05139e & 5talionery Telephone Consullan¢y Other cenlrè c0818 Bad debt 8.601 9.633 7,956 5,943 67.374 2,400 30,866 13,477 4,986 9,391 11,027 4.028 6.059 55,946 Governance cos1$ 5.584 151,236 94,545 Analys•d b•lw¢•n: Core 151.236 94,545 Not movèmont In funds 21125 2024 The net mDvement in funds is slated after chargingll¢reditingl'. Fees payablè foi iht audit ol th8 eharily's linanaal slattment8 Depreciation of owned tangible fixed a85918 4,606 8,601 9,391 10 Tru8t••s Nona ol the Trustè88 lor any persons connècted viith them) recttived any remunèralion or benefits from the charity during the y8ar. 11 Employees Thè average monthly number ol employe&s during the year ,8$.. 2025 2024 NuMr Number 32 13 18-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employ•¢$ Icontinutdl Empltsymont eosts 2025 2024 Wages and salaries 506.730 365,TTO There were no employees whose annual rernuneralion was more than £60,000. Remuneration of key rnanagernent pprsonnel The remuneration of key management personnel iyas as follows.. 2025 2Q24 A9grfrgal• comp8nsalSon 142.500 12 Oth•v •xp•ndltur• Unrestricted UnreJirict?d lunds lund• 2025 2024 FinonGing costs 479 19.034 13 Taxatlon As a ch8rity the company is exempl Iri)m lax on income and gains falling wilhin section 505 01 the Taxes A¢1 1988 or section 256 of lh8 Taxation c>1 chargèable Gains kt 1992 lo the exlenl Ihal Ih&8e are applied lo it8 chari18bla objects- No tax charges have aris&n in the charity 14 Transf•rs The Trustees are endeavouiing to put in place revenue streams which wll enable this deficrt to be reduced in the fLJturè. To thè exlènt that this doÈs not happèn a transfar from thè Endowrnent will bè madè lor thè prèvlaus yèars dèficil In a¢¢ordan¢è wbth lh8 buslness plan lor the release of the funds ID thé Charlly 19-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tanglble flxed assets L4nd and bulldings InvesknentFlxtures, flttlngs Molor Vehlcles Propgrty & pqulpment Totol Cost At 1 April 2024 Revaluation 189,074 70.000 1,125,000 93,698 26.376 1.434,148 70,1X)O At 31 March 202S 259.074 1,125,000 93,698 26,376 1.504,148 Depreciation and impairment At 1 Aprll 2024 Depreciation charged in the year 30,732 7.708 92,479 893 26,374 149,585 8.601 At 31 March 2025 38.440 93,372 26,374 158,186 Carrylng amount Al 31 March 2025 220,634 1,125,000 32e 1,345.%2 Al 31 March 2024 158,342 874,947 1,219 1,034,510 The freehold properties velued al £110,000 were donated lo the Company by the North Hull Housing Acth'on Tru51, The Company 15 not al lib8rty lo fr8ely dispos8 ol th8 PYOP8rtiès. Th8 restrictions imposed ar8 set out in Iho land c8rtllical8S, r8glstratlon numb8rs HS232045 and HS213105. Fr•ehold land bullding6 Includ88 É861,$84 01 ?rop8rti8s ranted out on short l•mi 18as8$ 16 Stoeks 2025 2024 Finished goods and goods for resale 20,365 11,941 17 Debtors 21125 2024 Amounts falling due within one year.. Trada debtors Other debtors 372.129 66,175 264,544 438,304 264,544 -20-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Loans and overdrafts 2025 2024 Bank loans 166,205 175.175 Payable within one year Pay8bla after one y88r 8.970 157,235 22,812 152.363 The long-term loans are secured by ffi'xed charges over the followin9 properties.. 22 Bardshaw, 51 Bachelor Sireet, 10 Llmedane, 154 Hall Road. 2 Isledane, 10 Jlpdano, 5 Westway Avenue, 14 1 Avenue, 3 Nashcourt, 19 Earlscourt. 19 Cr•dllors.' amounts falling du• wlthln on• y•ar 2025 2024 Not•9 Bank loan5 Other tsxotion and soclal security Trade creditors Olhor creditors Accruals and deferred incorne 8,970 22.812 6.639 12,255 10,766 403.477 5,834 9.850 4,606 29,260 455.949 20 Cr•dllori', amounts lalllng du• oft•r mor• than on• y•ar 2025 2024 Not•8 Bank loans 157.235 152,363 21 Endowm•nt furKIs At 1 Aiwll 2024 At 31 March 2025 Permanent endowrnents 1,123,832 1,123,832 21
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Endowment funds Icontinutdl Prtsvitsus ytsar.. At 1 Awil 2023 At 31 Mthreh 2024 Permanent endowments North Hull HAT Endowmcnt Funds 1,123,832 1.123,832 Th8 North Hull HAT èndowment is tho funds ro18asod to th8 charlly to be u88d in accordanco wlth the busn05s plan April 2006 to March 2009 22 Restrleted lunds The restricted fund5 of the th8rlly cornprfse the unexpend8d balance5 01 donation5 and gr8n15 held on trust subject lo specific conditions by donor5 as to how they rnay be used. At 1 Aprll 2Q24 Incomlng r•8ourc•s Resources expend•d At 31 March 2025 31,845 17,485 2,055,085 474,907 131,8451 117,4851 12,152.0871 1474.9071 UKSPF Energy Grants HLC. UKSPF 97,317 315 97.317 2,579,322 12,876,324) 315 Pr•vlou6 y*ar', At 1 Apfll 2023 In¢omlng rgsourcos Rèsour¢•8 gxpandod At 31 Mar¢h 2024 Actlon lo work Matthew good Foundalion UKSPF Nationwide Comrnunily Grants Energy Grant5 HLC Exploring OppDrtunities HLC. Bursary 492 500 58,644 14921 15001 158,6441 iJo,uuoi 133,8791 1151.6511 11,5651 iL).000 131,196 151,651 1,565 97,317 30.000 344.048 1276.7311 97,317 -22-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Unrestrlcted funds The unre8tri¢ted lunds of the charity ¢ompri$e ihe unexpended b818nce$ of dtsn8tion8 and gr8nt8 which 8re not 8ubje¢t to specific condibons by donors and grantors as to how they Nay be used. These irude designated funds which have beèn sèt aside out ol unrestrlcted funds by the trustees for specllic purposes. At 1 Aprll 2024 Incomlng resources Re80urces expended At 31 March 2025 Ggnaral funds Revalua1ion rèservt 156,7881 189,750 789,517 1556,9861 175,743 509,803 Previou# year.. At 1 April 2023 In¢ominB r•sourcos Re$ource¥ expend•d At 31 March 2024 G•n@ral funds RevalUa.an reserve 9.487 628,431 1694.7061 156,7881 189.750 Analys1$ of n•t a••ts b•lwg•n fundi Unr•slrlcl•d fund$ 2025 Rogtrlct•d funds 2025 Endowmont fund8 2025 Total 2025 At 31 MaiGh 202): Tangible assets Current assetsllliabilities) Long lerm liabilils 320,053 522.728 1157,2351 1,025,909 97,923 1,345,962 620. 1157,2351 315 li¥5,541i J15 1,12J,lJJ2 1,¥UY.bYJ Perbal&nce sheet Balance to allocate 4g5,796 1189,7501 315 1,123,832 1,619.943 1189,7501 Unreilricted fund9 2024 R•stric¢ed Endowmènt lunds funds 2024 2024 Total 2024 At 31 March 2024- Tangible assets Currenl assetsllliabilitiesl Long term liabilit$ 1,034,510 89,322 1.034,510 471, 1152.3631 285,325 1152.3631 97,317 132,962 97,317 1,123,832 1,354,111 25 Relatsd party transactions -23-
NORTHERN HULL COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Relatsd party transactions Icontinutdl Trthnsactions with rèlatèd p&rttèS During the year the charity entered inlo the following tranSaCtnS with related parties.. Mr5 J Brindley who is also a Tru5188 pfDvld8d consultancy 58rvic8s lo Northern Hull Cornmunity Developrnent Litniled during Ihe year of £36,600. 26 Cash labsorb•d byllg•n•rit•d Irom op•iatlons 202S 2024 Surplus for the year 135.529 1,042 Adjustments for: Dèpr6clalion and impoSrmenl of1onglb19 flx9d 0s$gIs 8,601 9,391 Movgments In workSng capltal.. Ilncredsel in siocks (lncreasedeCre8se in debtors ID8eTèas8ylner8aS8 in cradittsrs 18,4241 1173,7601 1412,8471 18.2361 138.915 366,620 Cash labgorbgd byllg•n•rit•d from op•ratlons 1450,9011 507.732 27 Anllytsib of changes in net funds At 1 Aprll 2024 Ch flows At 31 2025 Cash al bank and in hand 651,428 1459,8711 191.557 Loans falling due wlhin one year Loans falling due alter more than one year 122,8121 1152,3631 13,842 14,8721 18,9701 1157,2351 476,253 1450,9011 25.352 -24-
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