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2023-03-31-accounts

Registered number: 03657728 Charity number: 1075934

HOLBECK TOGETHER

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

HOLBECK TOGETHER

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Repor 2-5
Trustees' Responsibilities Statement 6
Independent Examiner's Repor 7-8
Statement of Financial Activities 9
Balance Sheet 10 -11
Notes to the Financial Statements 12 - 26

HOLBECK TOGETHER

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees J R England, (Chair)
A Hopper, (Vice Chair)
M Addawoo
S Cawthray
C Cochrane
J B Curbison
A Gabriel (resigned 1 October 2022 )
A Hepburn
P G Hodkinson
KR Wint
Company registered
number 03657728
Charity registered number 1075934
Registered ofice The Old Box Office
99 Domestic Street
Leeds
West Yorkshire
LS119NS
Chief executive oficer Elissa Newman
Bankers Unity Trust Bank pie
Nine Brindleyplace
Birmingham
Bl 2HB
Senior Management Team Elissa Newman - Chief Executive Officer
Claire Holmes - Operations and Service Officer

Page 1

HOLBECK TOGETHER

(A Company Limited by Guarantee)

TRUSTEES'REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report together with the financial statements of the charity for the year to 31 March 2023. The annual report serves the purpose of both a trustees report and a directors report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice ('SORP') applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS102 issued in October 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Structure, Governance and Management

Governing Document

The charity registered with the Charity Commission on 10 June 1999, under number 1075934 and was incorporated as a company limited by guarantee, company number 03657728, on 28 October 1998. The governing documents of the charity are the memorandum and articles of association. The articles of association were revised on 23 May 2019. By special resolution dated 27 September 2019 the charity changed its name from Holbeck Elderly Aid to Holbeck Together.

Appointment of Trustees, Induction, and Training

The Board of Trustees is the governing body of the charity. The Board has produced a skills matrix for current trustees and will use this information to appoint from time-to-time new trustees taking account of skills, knowledge, experience, and enthusiasm for the cause of the charity. All new trustees are provided with an induction pack which includes details of their responsibilities as trustees (including guidance from the Charity Commission on trustees' roles and responsibilities). New trustees undertake informal training including meeting with the CEO to understand the activities of the charity, including visits to St Matthews Centre, and reviewing the financial reporting for the charity. During the year 2022/23, following four years of service, Angela Gabriel resigned from her position of board member. Aside from this, there are no further changes to report on the membership of the Board.

Risk manageme.t

A strategic risk register is in place and is overseen by a lead trustee. The Risk Register is an agenda item at each board meeting and has been reviewed and updated on a regular basis. Ongoing risk management includes recent board led audits of financial processes and procedures and safeguarding. Trustees remain satisfied that there are systems in place to mitigate exposure to the major risks identified in the risk register, specifically financial risk, reputational risk, and policies and procedures to ensure safe services are delivered.

Safeguarding

Building on our roots supporting older people to live healthy and active lives in the community, we place safeguarding at the heart of everything we do. This is particularly important as the charity extends its remit to support all members of the community with particular emphasis on families and children through our school holiday work. The board has now appointed a trustee to take a safeguarding lead, and an audit of safeguarding procedures and practice has been undertaken. All board members will complete or refresh their safeguarding training in the next financial year.

Fundraislng Policy

The charity has an active fundraising strategy approved by the board and reviewed on a regular basis. This strategy identifies grant making trusts and potential corporate donors that the charity is already working with or is seeking to

Page 2

HOLBECK TOGETHER

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

submit successful funding applications. The charity does not undertake any fundraising door to door activity; ask for donations on the street; share or sell peoples data; or cold call for fundraising purposes. The charity does not contract with any third-party organisation to raise funds on its behalf. The charity has developed its own shop to sell to the public donated items, and this is a growing source of income.

The charity does work with external consultants in the preparation of funding applications; however, the board maintains oversight of all fundraising activities. Due to its size, the charity does not, include itself within the Fundraising Regulator regime.

Much of the funding received is subject to performance review either through written report or face to face meetings with donor organisations. In the year to 31 March 2023, the charity was successful in securing a fourth multi year grant from the National Lottery and a further multi-year grant from the Henry Smith Trust.

Objects and Activities

The objects of the charity are set out in the governing document. Holbeck Together is an independent charity whose aim is to support and assist the residents of the Holbeck neighbourhood and surrounding area in alleviating social isolation. Through the revised charitable objectives approved in 2019, the charity has expanded its reach to all people in the Holbeck and wider community and is exercising freedoms under charity law to raise funds through commercial activities. Holbeck Together has embraced the concept of the "community anchor" organisation working with local people across all generations to improve lives and strengthen community cohesion. The trustees remain committed to completing a lease agreement with Leeds City Council to manage St Matthews Community Centre as a key community resource, and as a landmark for social regeneration in the area. Holbeck Together has continued to invest in St Matthews through the installation of improved security systems including lighting, alarms and CCTV, new furnishings have been purchased and equipment for the kitchen.

The year was one of consolidation improving and building on the services offered at St Matthews. The charity introduced additional layers of security, in partnership with and taking advice from other organisations such as Safer Leeds and West Yorkshire Police.

A summary of the charity's activities:

  1. Community Support - Holbeck Together's community support work includes maintaining regular contact and visiting people identified as the most vulnerable in the local community. Partnerships with statutory organisations, including the NHS, and Leeds City Council, aim to deliver more accessible services and support tailored to the needs of the local community. A team of volunteers assists with this work, delivering hot meals and responding to calls for assistance. In partnership with other third sector organisations, Holbeck Together is now delivering a range of additional services including mental health community engagement work.

  2. Transport services - The two minibuses are in regular use, enabling people in Holbeck to participate in activities organised by the charity, including a programme of regular shopping trips and outings. A further vehicle is used to deliver hot meals and to transport individuals to medical appointments. Our vehicles are regularly hired out to similar organisations across the city, who share our charitable objectives.

  3. Activities - A programme of activities for all age groups is publicised through a regular newsletter and on the Holbeck Together website. The summer programme of outings is very popular and special celebration events at St Matthews are always well supported. Demand for the school holiday support programmes for children and families continues to grow with over 100 families signed up during the summer of 2022.

  4. The social supermarket has 319 subscribers overall, each family paying £3.50 for a selection of ambient and fresh food. Through the home delivery of hot meals, St Matthews Cafe and meals provided in other locations the charity is

Page 3

HOLBECK TOGETHER {A Compony Llmlt•d by Guarant••l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 202J proud to have been •ble to dellver 13.299 rneals ITh the year. alon8 Wlth over 34,OCQ en8a8emenrs wlth Holbeck To8ether a5 a charltv. The irowih of serv￿e$ durln8 ihe year has been supported by addltlonal funds enablln8 the fecrultrnent 014 additional siaff members by the year end. As all ihese ￿$t$ are new the bDard antlclpates that there wlll be a 518nS1icant expanSIL￿ ol our work In the comln8 year. Oii•nls•tlo Tht Board of Tru5tee5 meet D rnlnlmum ot 6 tSmes each year to review the performance of the charlty and guide the chaflty's strareKlc dlre(tlon. Slnce the last annual report a number ol sub-groups have been estjbllshed lor example Iroup io fevlew pay bnd HR pollcles Includlng appraisal and performante related pay ol key staff mernbers. Other task orleniated sub-groups have been set up to support and monltor key 5tratt8ic a£tSons such as the oppolntment ol flnanclal se￿(e5 and lease arran8ements lor St Matthew5. ou￿nI the flnantlal year, the Board declded to conduct a tendering process lor the appolntment of an audltor and the prov151on of flnanclal mona8ement servlces. with a locus on the 1on8-temi financlal plonnin8 and smaner Iln•nclal reportln8, The charity contlnues to appolnt external expertise for marketing and comrnunication5, dSgital conient. ènd iht preparatlon of fundraisln8 applltatlons. Publlc Benefit The tharlt(s maln attlvltles Jre set out Jbo¥e In thSs report. All artmties focu5 on pro￿ding sgcial care and support to the cornrnunlty. The Impact of the charlvs work reaches beyond those dirertly helped and Includes reducing 5tre$5 and coficern suffered by famllie5 and frlends. The trustees aCknowle￿e and continn th•t the •rtfvltle5 of the charity are lor publlc benefit. Fln•ndal R￿e￿ Reserve's pollcy- The trustees have o re5ETves Kdicy which underwent a review durln8 the flnancial year, leadln6 to the Jdoptlon by rhe board of an vpdated policvt more t105ely related to the iisk re8lSter. As at 31 March 2023 the charfty reported rot•l reserves 01 £326,398 of which £226.629 represented unrestricted reserves, None of those reserves were design•ttd and £36,721 were invested in fixed assets giving free reserves lor the charity it 31 MJr£h 2023 01 £189.908. These free r￿erVeS wefe represented by net Cash at bank. Results- the charlty 8enerated intomSn8 resoLtrces of £482,162 in the year12022'. £406.1581. Totpl expendlture In the year amounted to £479,31212022.. £369,524) re5ultin8 in an overall surplu5 In the year of £2,85012022.. £36,6341. There was a decrease of £34.173 In uThrestrtcted reserve5, however thls is due to recognisin8 E60.000 of unrestricted income recorded upfront in the prior yeJr. Furthermore, the board had comm5tted on InvestinB some of the unrestricted reserves to support the expanslon ol services over the course of the current year. All the above, alon8slde inflaiSonarv incrtases to general CDSts throughout the year contrlbuted to the aforement5oned deflc51. Ggin8 concefn- The Charlty Is able to repor( both an Increase In Income, however these result5 are accompanied by a correspondln8 Increase In expenditure. or note is the continuln8 Increase in income 8eneraled Iniernèll¥. Ihrou8h charges and fundraislng 5Uth as the cornmunity shop. Internalty generated income now represent 13.6% of our total income. Our Strate8lc Plan and recently identified opportunities will potenrially deliver significant growth and susiainable Incorne stre3rn5 Iri the lon&er terrn. We hope to be able to announce more d￿all5 In the near future. Looklng Ahe)d Holbeck Together contlnues to bulld a solld repthètion as a leading edge third sector oiganlsatkn, vthlch has stlmulated Page 4

HOLBECK TOGETHER

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

board was disappointed to learn that the Levelling Up Fund bid had not been successful, it took the decision to continue working with key partners on the delivery of some aspects of the overall bid. We remain optimistic that the detailed work undertaken to support the bid provides the impetus to progress a number of smaller projects. Meanwhile, the St Matthews Centre remains at the heart of the Holbeck community and our focus for service delivery for the foreseeable future. Our vision for Holbeck as a place where people are proud to live is at the forefront of all the charity's work. All that Holbeck Together has achieved is only made possible through the dedication and professionalism of our team of employed staff and our growing team of volunteers. Together they make our vision for Holbeck Together a reality; a dynamic organisation working with the people of Holbeck to improve their lives.

Approved by order of the members of the board of Trustees and signed on their behalf by: ;o/l (Chace�rustees) [J�� ] [.][.] Date:

Page 5

HOLBECK TOGETHER

(A Company Limited by Guarantee)

STATEMENT OF TRUSTE S' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on its behalf by: /?A/ rl�l£ ··· � · ·� · = .. . � � d ·'4, (Chair ofTrustees) Date:

Page 6

HOLBECK TOGETHER

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THEYEAR ENDED31MARCH2�3

Independent Examiner's Report to the Trustees of Holbeck Together ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Trustees of the Charity (and 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 that the accounts of the Charity 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 the Charity's accounts 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 Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

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

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

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

Page 7

HOLBECK TOGETHER

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Laura Masheder

Laura Masheder (Dec 20, 2023 14:37 GMT)

Signed: Dated: Dec 20, 2023

Laura Masheder FCA DChA

BHP LLP

First Floor Mayesbrook House Lawnswood Business Park Leeds LS16 GQY

Page 8

HOLBECK TOGETHER

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
funds
2023
Note
£
Income from:
Donations and legacies
3
97,015
Charitable activities
4
68,587
Investments
5
954
Total income
166,556
Expenditure on:
Charitable activities
6
213,850
Total expenditure
213,850
Net (expenditure)/income
(47,294)
Transfers between funds
14
13,121
Net movement in funds
(34,173)
Reconciliation of funds:
Total funds brought forward
260,802
Net movement in funds
(34,173)
Total funds carried forward
226,629		 Restricted
funds
2023
£
315,606
315,606
265,462
265,462
50,144
(13,121)
37,023
62,746
37,023
99,769		 Total
funds
2023
£
412,621
68,587
954
482,162
479,312
479,312
2,850
2,850
323,548
2,850
326,398		 Total
funds
2022
£
350,459
55,643
56
406,158
369,524
369,524
36,634
36,634
286,914
36,634
323,548

The Statement of Financial Activities complies with the requirements for an income and expenditure account under the Companies Act 2006 and includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 26 form part of these financial statements.

Page 9

HOLBECK TOGETHER IA Company Limited by Guarantee) REGISTERED NUAIBER: 03667728 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note FIMed assets Tan8ible a55ets li 36.771 28,574 36,771 28.574 Current a95ets Debtors 12 42,150 303,996 54,154 292,990 Cash at bank and In hand 346.146 347,144 Creditors.. amounts fallln8 due wlthln one year 13 156,5191 152,1701 Net ¢urren¢ wJets 289,627 294,974 Tot#l a55ets le55 current Ilabllltl•i SZ6,598 323,548 Total net ￿5•t5 326,198 323,548 Ch?rftyfunds Restricted funds Ursrestricted funds 14 99.769 226.629 62,746 14 260,802 Total funds 326.398 323,548 Page 10

MOLBEGK TOGETHER IA Company Llmlted by Guarame• REGISTERED NUMBER: 03667728 BALANCE SHEET {CONTINUEDI AS AT 31 MARCH 2023 The Charity entltled to exemption from audlt under5ecUon 477 of the Companles Act 20C6. The members have rsot required the comp•ny to obtsln an •udlt for the year ln questlon In accordanc• wlth section 476 of C¢mpini•s Act 2¢)J6. The Trustees •cknowled¢e their responslbllltles for complvlng with the r¢quSrements of tho Act wP(h rnspert to accountl08 records and pr•paratlon Of fln8ndal statements. The fin4n¢l•l rt•temnts h•ve been preyr•d in accordance ¥￿th the pro￿$10n$ ippllcibl• to entl￿e$ subfvct to the 5m•ll comp•nies r¥lme. Th flmftdal thteTrents were approved and •uthorls•d for b5su• by the TfU$tees ind sllned on th•lr beh•lf by,. ngland (Chalr of Trusttesl Djts,. The notes on p41•5 12 to 26 form part of these flninclal $t•tements. Page 11

HOLBECK TOGETHER

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

Holbeck Together is a private limited company by guarantee incorporated in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are given on page 2 onwards.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issues October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Holbeck Together meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The charity relies heavily on grant and donation funding in order to carry out its charitable objectives. Such income sources remain uncertain. However, the trustees believe that charity has built an enviable reputation for delivering effective support to the community. Consequently, the trustees are confident that with improved free reserves and the time invested in building our partnerships, the charity is in a strong position to withstand interruptions in the grant funding cycle. As at 31 March 2023 free reserves stood at £189,908 which the trustees believe is sufficient for the charity to continue in operation for the foreseeable future. The trustees believe that it is reasonable for the accounts to be drawn up on a going concern basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 12

HOLBECK TOGETHER IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2023 Ac¢ountlng pollcles Itontlnuedl 2.4 Expendrtu Expenditure is recognised once there Is a le8al or £oThsirurtlve obll8&tion to transfer economlc benefit to third party, it 15 probable that a transfer of economic benefit5 wlll be requlred in settlement and the amount of the obligatlon can be Measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up ol the total ol direct costs and shared costs, includin8 Support Costs involved in undertakin8 each actlvlty, Direct Costs attributable to a single activity are allocated directly to that activity. Shared costs whl£h contribute to more than one activity and support Costs whlch are not attrlbutable to 3 single activlty ale apportioned between those acLlvlrles on a basls ionslsieni wlth the use of resources. Central staff costs are allocated on the basls of tlme spent, and depr￿latiOn char8es allocated on the portlon of the asset's use. Expenditure on charitable activities is Incurred on directly undertakln8 the activltles wh5ch further the Charlty's objectives, as well as any associated support costs. All expenditure15 incluslve of Srrecoverable VAT. 2.5 Interest Mrtlvoble Interest on fund5 held on deposlt Is Included when receivable and the ?mount can be measured rellably bv the Charily,. this is normally upon notllication of the interest paid or payable by the institutlon with whom the funds are deposited. 2.6 Tonqlbleflxedussets unddepreclotlon Tan8lble fixed assets t05t5n8 £5(K) or more are capitallsed and reco8nlsed when future economlc beneflts are probable and the cost or value of the a55et can be measured rellably. Tangible fixed a55ets are inltially recognlsed at C05t. Alter reco8nltlon. under the cost model. tanglble flxed assets are rnea5ured at cost less accumulated depreclatlon and any accumulated Impalrment losses. All costs incurred to brln8 3 tanglble fixed asset Inio Its Intended workln8 condltion should be included the rnea5urement of cost. Depreclation Is char8ed so as to allocate the cost of tangible flxed assets less thelr residual value over thelr esiimated useful lives, on a reduclng balance ba515. Depreciation 15 prov+ded on the tollowln8 basls.. Plant and machlnery Motorvehitles Fixtures and fittings Office equipment St Matthews E4uipment 25% 25% 25% 25% 25% 2.7 I￿&torS Trade and other debtors are recognised at the settlement amount after any t¥ade discount offered. PrepoymeThts are valued at the amount prèpaid net of any trade discount5 due. Page 13

HOLBECK TOGETHER {A coM￿nY Llmitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2023 Attountlng pollcles {contlnuèdl 2.8 Cosh qt bonk oftdln hand Cash at bank and hand include5 cash and 5hort-term hl8hly Ilquld Investments w5th a short maturky of three months or le55 from the date of acqulsltion or openin8 01 the deposit or slmilar account. 2.9 Llcbllltles ondpmvlslons Uabllltles are reco8nlsed when there15 an Libll8ètlon at the 6alonce ShEet date a5 a result Of a past event, it Is probable that a transfer of economSc beneflt will be reqvired in settlement. and the arnount of the settlement can be estlrnated rellably. Liabilitles are reco8nlsed at the amount that the Charity anticipates 5t will pay to settle the debt or the amount It ha5 receSved as advanced payments lor the good5 or Services 5t must provlde. Provisions are measured at the best estlrnate of the amounts requlred to Settle the ob158atlon. Where the effect ol the time value of money is material. the provlsion 15 based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks speciflc to the liabillty. The unwindin8 ol the discount is reco8nised In the Statement ol Flnancial Actlvitie5 a5 a finance cost. 2.10 Fln#nclalln5truments The Char6ty only has financial assets and flnantial liabilities of a kind that qualify as basic flnancial instrurnents. Baslc flnanclal Instruments are Initlally recogni5ed at transaction value and subsequently measured at thelr 5ertlement vèlue wlth the exceptlon ol bank loan5 which are Subsequently measured at arnortlsed cost usln8 the effectlve inierest method. 2.11 Operotlny leoses Rentals paid under OPEratinB leases are char8ed to the Statement of Financlal Actlvitie5 On a 5tralght 15ne basis over the lease term. 2.12 Pen51ons The Charlty operates a defined contdbutlon pension scheme and the pension Charge represents the amounts payable by the Charity to thE fund in respect of the year. 2.13 Fumlaccountlnq General funds are unrestrlrted funds whlch are avallable for use at the discretlon of the Trustee5 in furtherance of the general oblectlves of the Chorlty and which have not been designated for other purposes. Restricted funds are funds which are to be used ITr accordance with speciflc restrictions Imposed by donors or which have been raised by the Charity for particular purposes. The costs of ralsln8 and admlnistering such funés are charged against the speclflc fund. The alm and use of each restrlcted fund Is set out In ihe notes to rfve financial 5taternents. Investrnent income, gains and10$5es are allocated to the appropriate fund. Page 14

HOLBECK TOGETHER IA Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl 2.14 Conce5slonuryLouns As permitted by paragraph 34.90 01 FRS102, Q)ncessionary Loans are inltially recognised at the amount received or paid, with the carryin8 arnount adjusted in 5ub5equent years to reflect payments and any accruEd Interest and adjusted if necessary lor any impairment. Income from donatlon5 and le£a¢les Unrestrlrted funds 2023 Aestrlcled lunds 2023 Total fund5 Z023 Total funds 2022 Donatlons Donatlons 23,844 23,B44 23.844 Subtotaldetolleddlsclosure 23,844 23,844 23,844 Donatlon5 327 327 Grant5 72,844 315,606 388,450 326.61S Subtotql 73,171 315.606 388,777 326,615 9?,019 315,606 412,621 350,459 Total 2022 148.009 202,450 350,459 Int¢Jme from tharRable actfvltl•s Unrestrlcted funds 1023 Total fvnds 2023 Total fund5 2022 Service delivery 68.587 68,587 55,643 Total 2022 55.643 55,643 Page IS

HOLBECK TOGETHER {A Company Llmitsd by Gu•vantsel NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2023 Investment Income Unrestrlrted funds 2023 Total fvnds 2023 Total funds 2022 Investment income 954 954 56 Total 2022 56 56 Analysls ol expendbture on ch•rltabl• actl¥ttl•s Summurytyfvnd type Unr•strlrt•d funds 2023 Reslrlrt•d lunds Z023 Total 2023 Total 2022 Servtce delivery 213,850 265,462 479,312 369,524 Total 2022 135.646 233,878 369,524 AnalysS5 ot expendltur• by attfvltles Artl¥ltl•s undertaken dirertly Support costs 2023 2023 Total fund5 2023 Total funds 2022 ServSce delfvery 321,716 157.596 479.312 369,524 Total 2022 243,819 125.705 369,524 Analy51s of dlrert costs Page 16

HOLBECK TOGETHER

(A Company limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Total Total
funds funds
2023 2022
£ £
Staff costs 208,234 170,113
Depreciation 9,356 8,084
Daytime Activities and Support 51,614 25,095
Lunch Club 31,975 28,433
Transport Costs 20,537 12,094
321,716 243,819

Analysis of support costs

Page 17

HOLBECK TOGETHER

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Total Total
funds funds
2023 2022
£ £
Staff costs 64,247 41,717
Bank Charges 727 686
Office Expenses 6,947 4,260
Printing, Postage and Stationery 4,706 4,780
IT Expenses 4,049 3,065
Marketing 4,045 7,817
Subscriptions 419 518
Premises Expenses 4,505 2,065
Utilities 2,785 3,767
Telephone 2,369 2,429
Insurance 1,986 1,650
Consultancy 30,013 32,585
Legal and Professional Fees 9,815 5,178
Accountancy Fees 19,974 13,279
Travel Expenses 109 9
Training Costs 83 250
Governance costs 817 1,650
157,596 125,705

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,800 {2022 - £2,600}, and an annual accounts preparation fee of £2,000 (2022 - £1,900).

Page 18

HOLBECK TOGETHER (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Staff costs

2023 2022
£
Wages and salaries 246,031 192,583
Social security costs 16,190 11,870
Contribution to defined contribution pension schemes 10,260 7,377
272,481 211,830

The average number of persons employed by the Charity during the year was as follows:

2023 2022
No. No.
Employees 15 10
The average headcount expressed as full-time equivalents was:
2023 2022
No. No.
Employees 9 7
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2023 2022
No. No.
In the band £60,001 - £70,000 1

The key management personnel of the Charity is made up by the Senior Management Team, which comprises of two individuals. The total employee benefits received by the Senior Managment Team amounted to £108,860 (2022 - £92,132).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 19

HOLBECK TOGETHER

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. Tangible fixed assets

Plant and
machiner
£
Cost or valuation
At 1 April 2022
1,568
Additions
1,680
Disposals
At 31 March 2023
3,248
Depreciation
At 1 April 2022
249
Charge for the year
541
On disposals
At 31 March 2023
790
Net book value
At 31 March 2023
2,458
At 31 March 2022
1,319
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Motor
vehicles
£
89,690
8,490
98,180
81,385
3,687
85,072
13,108
8,305		 Fixtures and
fittings
£
16,335
1,520
17,855
7,941
2,219
10,160
7,695
8,394		 Ofice
equipment
£
21,196
1,766
(224)
22,738
10,640
2,769
(23}
13,386
9,352
10,556		 St Matthews
Equipment
£
4,298
4,298
140
140
4,158
2023
£
12,770
29,380
42,150		 Total
£
128,789
17,754
(224}
146,319
100,215
9,356
(23}
109,548
36,771
28,574
2022
£
4,547
3,120
46,487
54,154

12. Debtors

Included within prepayments and accrued income is a grant totalling £20,000 (2022 - £40,000) from Leeds Benevolent Society for Single Ladies which was scheduled to be released over a period of two years at £20,000 per annum.

Page 20

HOLBECK TOGETHER

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Creditors: Amounts falling due within one year

2023 2022
£ £
Other loans 20,000 20,000
Trade creditors 7,732 9,501
Other creditors 2,179 1,279
Accruals and deferred income 26,608 21,390
56,519 52,170

Included within other loans is a loan of £20,000 (2022 - £20,000) from Leeds City Council. There is no agreement in respect of repayments therefore the loan is deemed to be repayable on demand and included in creditors: amounts falling due within one year.

Page 21

HOLBECK TOGETHER

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Wades
National Lottery
NHS Health and Wellbeing
(Charities Art Project)
Francis Winham Foundation
Henry Smith
Leeds Fund
Touchstone Suppor
Widening Partnerships
Digital Health Hub
(NHS) Leeds Hospital Charity
Household Suppor Fund
People's Postcode Lottery
Leeds Older People's Forum
(Transport Connected)
Warm Spaces
Healthy Holiday
Masonic Charitable Foundation
Ideas that Change Lives
Other restricted funds
Total of funds		 Balance at 1
April 2022
£
260,802
15,000
1,799
8,230
13,375
7,236
4,554
11,703
849
62,746
323,548
Income
£
166,556
2,500
103,876
1,170
5,000
59,900
32,473
14,500
25,000
4,000
20,345
5,000
41,842
315,606
482,162		 Expenditure
£
(213,850)
(1,459)
(60,120)
(38,597)
(13,277)
(29,975)
(1,799)
(8,230)
(15,102)
(13,516)
(12,441)
(165)
(24,481)
(6,221)
(3,214)
(36,865)
(265,462)
(479,312)		 Transfers
Balance at 31
in/out
March 2023
£
£
13,121
226,629
1,041
43,756
1,170
5,000
21,303
1,723
2,498
(1,727)
984
12,559
3,835
142
3,242
3,333
(8,489)
(4,774)
1,052
(13,121)
99,769
326,398

Page 22

HOLBECK TOGETHER IA Company Limitod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2023 Statement Icontlnued) Statement of fund5- prlor year Balance at 31 March 2022 Balance at l Aprll 2021 Transfers Inlout Income Expenditure Unre5tr1rtedfvnds General Funds- all funds 162,569 203,708 1135,6461 30,171 260,802 Rtstrlrtedlynds Wades 918 19181 195,6661 National Lottery NHS Health and Wellbelng Ichèrlties Art Project) Francls Winham Foundat5on 69,425 46,278 120,0371 155 1,580 11,7351 14,8391 125,0561 Iis,osoi 14,9801 18,1701 11,7701 4,839 7,806 Henry Srnlth Leeds Fund 17,250 30,050 4,980 9,969 10,000 15.OLKI Touchstone Support Wldenln8 Pèrtnerships Digltal Health Hub INH51 Leeds Hospltal Charlty Household Support Fund People's Postcode Lottery Leeds Older People's Forurn (Transport Connected) Warm Spaces Healthy Holldav Masonlc Charitable Foundation 1,799 8.230 13.375 31,836 1,045 13,375 126,4501 17,4911 15,3861 6,446 499 14991 12,9131 16401 2,913 8.032 26,737 126.8931 15,4461 13,2771 16,1371 7.236 5,000 14,980 3,332 5.000 4,554 Ideas that Change knves Other restricted funds 11,703 849 4.350 16961 124.345 202.450 1233,8781 130.1711 62,746 Ttstoloffunds 286.914 406,158 1369.5241 323.548 Page 23

HOLBECK TOGETHER

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Statement of funds (continued)

Purpose of Restricted Funds:

Wades - Towards exercise class costs.

National Lottery - Towards staffing and organisatonal activities.

NHS Health and Wellbeing (Charities Art Project) - Towards costs for the Charities Art Project.

Francis Winham - Towards feeding the elderly during the Winter Period.

Henry Smith - Towards managment and salary costs.

Touchstone Support - To form a new project "Your Space" focusing on mental health.

Widening Partnerships - Event held in January 2022 - e.g. food costs.

Digital Health Hub - Staff costs to help users access relevent information and tools digitally to improve health and wellbeing.

(NHS) Leeds Hospital Charity -

Household Support Fund - For the purchase of ambient goods, toiletries and fuel vouchers to support those most in need.

People's Postcode Lottery - Towards costs for the expansion of the community shop.

Transport Connected - Towards the cost of various activities, including: Digital Inclusion, Service User Trip Costs, Staff Costs etc.

Healthy Holiday - For food parcels, cookery support, organised family activities and events through the school holidays.

Masons Charitable Foundation - Part funding for the volunteer co-ordinator post.

Ideas that Change Lives - For the development and expansion of the catering department. Contribution towards a meal delivery van, staff and marketing costs.

Page 24

HOLBECK TOGETHER (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total
Unrestricted
funds
2023
£
36,771
246,377
(56,519)
226,629		 Restricted
funds
2023
£
99,769
99,769		 Total
funds
2023
£
36,771
346,146
(56,519)
326,398

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Un restricted
funds
2022
£
28,574
284,398
(52,170)
260,802		 Restricted
funds
2022
£
62,746
62,746		 Total
funds
2022
£
28,574
347,144
(52,170)
323,548

16. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund. At both the current and prior year-ends, there were no outstanding amounts owed to the fund.

Page 25

HOLBECK TOGETHER IA Company Limitod by Guarante•l NOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Oper*lnK lease commltments At 31 March 2023 the Charlty had commltments to make future minlrnum lease payments under non-cancellable operatln8 lease5 as follow5.. 2023 2022 Not later than l year Later than I year and not later than 5 years 576 576 144 864 720 1,440 The followlng lease payrnent5 have been reco8nlsed as an expense In the Staternent of Financial Activltles: 2023 2022 Operatln8 lease renta15 720 576 Relaied partytransactlons Durlng the year, the Charlty raised sales Involces amountlng to £854 12021 - £1,0001 to Westward Care, company of whlch Peter Hodkinson is also a dlrector. There was £104 oustandlng at the Ènd of the current year- end, wlth noth5ng outstanding In the prior year. Page 26