**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:** 

- **select suitable accounting policies and then apply them consistently;** 

- **observe the methods and principles of the Charities SORP (FRS 102);** 

- **make judgments and accounting estimates that are reasonable and prudent;** 

- **state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;** 

- **prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.** 

**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**<br>**funds**<br>**2023**<br>**Note**<br>**£**<br>**Income from:**<br>Donations and legacies<br>3<br>**97,015**<br>Charitable activities<br>4<br>**68,587**<br>Investments<br>5<br>**954**<br>**Total income**<br>**166,556**<br>**Expenditure on:**<br>Charitable activities<br>6<br>**213,850**<br>**Total expenditure**<br>**213,850**<br>**Net (expenditure)/income**<br>**(47,294)**<br>Transfers between funds<br>14<br>**13,121**<br>**Net movement in funds**<br>**(34,173)**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**260,802**<br>Net movement in funds<br>**(34,173)**<br>**Total funds carried forward**<br>**226,629**|**Restricted**<br>**funds**<br>**2023**<br>**£**<br>**315,606**<br>**315,606**<br>**265,462**<br>**265,462**<br>**50,144**<br>**(13,121)**<br>**37,023**<br>**62,746**<br>**37,023**<br>**99,769**|**Total**<br>**funds**<br>**2023**<br>**£**<br>**412,621**<br>**68,587**<br>**954**<br>**482,162**<br>**479,312**<br>**479,312**<br>**2,850**<br>**2,850**<br>**323,548**<br>**2,850**<br>**326,398**||Total<br>funds<br>2022<br>£<br>350,459<br>55,643<br>56<br>406,158<br>369,524<br>369,524<br>36,634<br>36,634<br>286,914<br>36,634<br>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•tem*nts 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**<br>**machiner**<br>**£**<br>**_Cost or valuation_**<br>At 1 April 2022<br>**1,568**<br>Additions<br>**1,680**<br>Disposals<br>At 31 March 2023<br>**3,248**<br>**_Depreciation_**<br>At 1 April 2022<br>**249**<br>Charge for the year<br>**541**<br>On disposals<br>At 31 March 2023<br>**790**<br>**_Net book value_**<br>At 31 March 2023<br>**2,458**<br>At 31 March 2022<br>1,319<br>**Debtors**<br>**_Due within one year_**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income|**Motor**<br>**vehicles**<br>**£**<br>**89,690**<br>**8,490**<br>**98,180**<br>**81,385**<br>**3,687**<br>**85,072**<br>**13,108**<br>8,305|**Fixtures and**<br>**fittings**<br>**£**<br>**16,335**<br>**1,520**<br>**17,855**<br>**7,941**<br>**2,219**<br>**10,160**<br>**7,695**<br>8,394|**Ofice**<br>**equipment**<br>**£**<br>**21,196**<br>**1,766**<br>**(224)**<br>**22,738**<br>**10,640**<br>**2,769**<br>**(23}**<br>**13,386**<br>**9,352**<br>10,556|**St Matthews**<br>**Equipment**<br>**£**<br>**4,298**<br>**4,298**<br>**140**<br>**140**<br>**4,158**<br>**2023**<br>£<br>**12,770**<br>**29,380**<br>**42,150**|**Total**<br>**£**<br>**128,789**<br>**17,754**<br>**(224}**<br>**146,319**<br>**100,215**<br>**9,356**<br>**(23}**<br>**109,548**<br>**36,771**<br>28,574<br>2022<br>£<br>4,547<br>3,120<br>46,487<br>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_**<br>General Funds - all funds<br>**_Restricted funds_**<br>Wades<br>National Lottery<br>NHS Health and Wellbeing<br>(Charities Art Project)<br>Francis Winham Foundation<br>Henry Smith<br>Leeds Fund<br>Touchstone Suppor<br>Widening Partnerships<br>Digital Health Hub<br>(NHS) Leeds Hospital Charity<br>Household Suppor Fund<br>People's Postcode Lottery<br>Leeds Older People's Forum<br>(Transport Connected)<br>Warm Spaces<br>Healthy Holiday<br>Masonic Charitable Foundation<br>Ideas that Change Lives<br>Other restricted funds<br>**_Total of funds_**|**Balance at 1**<br>**April 2022**<br>**£**<br>**260,802**<br>**15,000**<br>**1,799**<br>**8,230**<br>**13,375**<br>**7,236**<br>**4,554**<br>**11,703**<br>**849**<br>**62,746**<br>**323,548**<br>**Income**<br>**£**<br>**166,556**<br>**2,500**<br>**103,876**<br>**1,170**<br>**5,000**<br>**59,900**<br>**32,473**<br>**14,500**<br>**25,000**<br>**4,000**<br>**20,345**<br>**5,000**<br>**41,842**<br>**315,606**<br>**482,162**|**Expenditure**<br>**£**<br>**(213,850)**<br>**(1,459)**<br>**(60,120)**<br>**(38,597)**<br>**(13,277)**<br>**(29,975)**<br>**(1,799)**<br>**(8,230)**<br>**(15,102)**<br>**(13,516)**<br>**(12,441)**<br>**(165)**<br>**(24,481)**<br>**(6,221)**<br>**(3,214)**<br>**(36,865)**<br>**(265,462)**<br>**(479,312)**|**Transfers**<br>**Balance at 31**<br>**in/out**<br>**March 2023**<br>**£**<br>**£**<br>**13,121**<br>**226,629**<br>**1,041**<br>**43,756**<br>**1,170**<br>**5,000**<br>**21,303**<br>**1,723**<br>**2,498**<br>**(1,727)**<br>**984**<br>**12,559**<br>**3,835**<br>**142**<br>**3,242**<br>**3,333**<br>**(8,489)**<br>**(4,774)**<br>**1,052**<br>**(13,121)**<br>**99,769**<br>**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<br>Current assets<br>Creditors due within one year<br>**_Total_**<br>**Unrestricted**<br>**funds**<br>**2023**<br>£<br>36,771<br>246,377<br>(56,519)<br>226,629|**Restricted**<br>**funds**<br>**2023**<br>£<br>99,769<br>99,769|**Total**<br>**funds**<br>**2023**<br>£<br>**36,771**<br>**346,146**<br>**(56,519)**<br>**326,398**|
|---|---|---|



## **Analysis of net assets between funds - prior year** 

|Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>**_Total_**|Un restricted<br>funds<br>2022<br>£<br>28,574<br>284,398<br>(52,170)<br>260,802|Restricted<br>funds<br>2022<br>£<br>62,746<br>62,746|Total<br>funds<br>2022<br>£<br>28,574<br>347,144<br>(52,170)<br>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