# ## ## |||Page| |---|---|---| |Reference and Administrative
Details||| |Report ofthe|Trustees|2-5| |Report ofthe|Independent
Auditors|6-8| |Consolidated|Statement ofFinancial Activities|| |Consolidated|Balance Sheet|10| |Charity Balance Sheet||| |Cash Flow Statement||12| |Notes tothe|Cash Flow Statement|13| |Notes tothe|Financial Statements|14-23| ## ## ## ## ## ## ## ## ## ## ## ## ## |Ob'ective||||||What we did|| |---|---|---|---|---|---|---|---| |The relief of poverty and unemployment||||||We continued
our work with EMS to continue the success ofour food project,|| |||||||with ever more members
joining and further support offered by the business|| |||||||community.
We succeeded
in securing atwo-year extension
to the project|| |||||||thanks to support from the national
lottery and Places for People. We remain|| |||||||indebted to Cranswick foods and partners
for their continued
generosity
and|| |||||||sUpport.|| |||||||We delivered a number of highly
impactful
projects to reduce the impact of|| |||||||the cost of living across the community,
including
clean kids, sun kids, warm|| |||||||kids, E1 meals and a range offree activities over the course ofthe year.|| |The advancement
of|||education,|||We continue the support of adult education,
library,
and community
ICT|| |training,
or|retraining|||||services to and ensure that are communities
get the best access skills and|| |||||||training.|| |The provision||offinancial||assistance,||Support
given to start-up businesses
including
technical
and financial|| |technical assistance,|||advisory||and|support. This included
help to access covid support
grants to ensure they|| |counselling|services,||business||advice|could continue to operate through the pandemic.|| |or consultancy|||||||| |||||||Support for youth enterprise
continues
along with support for care leavers to|| |||||||access work and other related support.|| |The provision||offacilities||for||Supported
the work ofthe Freedom Centre to deliver recreational
facilities|| |recreational|and leisure time and the|||||and positive social expenences
saw Covid safe pantomimes
and family|| |organisation|of leisure activities|||||activities
return,
providing
much needed
relief in difficult times. Free events,|| |||||||family events and subsidies
events ensured there was something
for|| |||||||everyone.|| |The protection||or conservation|||ofthe|Our programme
to reduce energy use continues,
with further
investments|| |environment||||||made
in LEDtechnology
and efficient control systems.|| |The holding|ofexhibitions,|||meetings,||In person meetings
built back well after the pandemic,
with further progress|to| |etc.||||||come.|| |The promotion||of public safety|||and|We secured funding
from the Police and Crime Commissioner
to upgrade|our| |prevention|of|crime||||CCTV system.|| |The promotion||of health and healthy||||We provided
location support to a wide range of health promotion
charities|| |lifestyles||||||and the NHS to spread
positive messages
about health.|| |||||||Our community
gym continued
to provide an exceptional
value service to its|| |||||||members.
We re-introduced
exercise classes and opened them to non-gym|| |||||||membem.
We ran a highly successful free gym pass programme
with the|| |||||||assistance ofActive Humber and Sport England|| |||||||Our cafe
rovided low-cost
hi
h-
ualit
foodfor the communit
.|| ## ## ## ## ## |We anticipate|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|that we will continue to see increasing
demands
for support,
rising delivery costs|and continued|and continued|pressure|pressure|on| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |revenues.
However,
we will continue|||||||our||commitment
to deliver
our objectives. We are hopefully
that providers||||in|the| |funding
market||will|be|returning|to support||||community
priorities.|||||| |Ob ective|||||||||Our
ans|||||| |The relief of||poverty||and unemployment|||||We will continue to work with partners
to improve||opportunities|||to| ||||||||||access skills and find employment.|||||| ||||||||||Continued
partnering
with EMS to help reduce household|||||| ||||||||||expenditure
on utilities and food, reducing|poverty||||| ||||||||||Continue to partner
with PROBE and others to|support|skills|and||| ||||||||||employability|||||| |The advancement
ofeducation,||||||training,|||We will continue to work with partners
to improve||opportunities|||to| |or retraining|||||||||access skills and find employment.|||||| ||||||||||Continued
partnering
with EMS to help reduce household|||||| ||||||||||expenditure
on utilities and food, reducing|poverty||||| ||||||||||Continue to partner
with PROBE and others to|support|skills|and||| ||||||||||employability|||||| |The provision
offinancial assistance,
technical assistance,
advisory
and
counselling
services, business
advice||||||||or|We will continue
to work with partners
to improve
access skills and find employment.||opportunities|||to| |consultancy|||||||||Continued
partnering
with EMS to help reduce household|||||| ||||||||||expenditure
on utilities and food, reducing|poverty||||| ||||||||||Continue to partner
with PROBE and others to|support|skills|and||| ||||||||||employability|||||| |The provision||of|facilities for recreational||||||Supporting
the work ofthe Freedom
Centre to deliver|||recreational||| |and leisure time
leisure activities|||and|the organisation||||of|facilities and positive social experiences|||||| ||||||||||Develop existing community
groups|||||| ||||||||||Encourage
new community
groups to form|||||| |The protection or conservation
environment||||||of the|||Working
with partners
and others to explore ways ofensuring
development
towards
sustainability
ofthe local environment||||the|| ## ## ## |Ob'ective|||||Our
ans|||||| |---|---|---|---|---|---|---|---|---|---|---| |The holding|of exhibitions,||meetings,|etc.|Supporting
the|Freedom
Centre to provide|exceptional||quality|| ||||||facilities to the|benefit ofthe wider community||||| |The promotion||of public safety and|||We will seek continued
improvements
in the security|||of|the area|| |prevention|of crime||||working
closely|with agencies such as the|police.|||| |The promotion
lifest les||of health and healthy|||Supporting
or co-ordinating
health
promoting
statut
bodies
and the obecbves ofnational||charities,
volunteer
rammes.|||groups,| ## ## ## ## ## ## ## ## ## ## |for the year ended 31stMa|rch|2023|||||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||Unrestricted|Restricted|Total|Total| |||Notes||fund
f|fund
E|funds
6|fundsf| |INCOME AND ENDOWMENTS||FROM|||||| |Charitable
activities|||||||| |Grants and donations||3||1,231|63,169|64,400|36,608| |Investment
income||2||485,472||485,472|476,883| |Trading
activities
Other income||||237,791
5,942||237,791
5,942|146,244| |Total||||730,436|63,169|793,605|659,735| |EXPENDITURE ON|||||||| |Raising funds||4||131,959||131,959|102,569| |Charitable
activities||5|||||| |Community
services &facilities||||1,024,191|65,395|1,089,586|1,027,329| |Total||||1,156,150|65,395|1,221,545|1,129,898| |NET INCOME/(EXPENDITURE)||||(425,714)|(2,226)|(427,940)|(470,163)| |NET MOVEMENT
IN FUNDS||||(425,714)|(2,226)|(427,940)|(470,163)| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought forward||||8,398.436|19,832|8,418,268|8,888,431| |TOTAL FUNDS CARRIED|FORWARD|||7,972,722|17,606|7,990,328|8,418,268| |CONTINUING
OPERATIONS|||||||| |All income and expenditure|has|arisen from continuing|activities.||||| |The Freedom Community
Trust Limited|||| |---|---|---|---| |Consolidated
Balance Sheet|||| |31stMarch 2023|||| |||2023|2022| ||Notes|6|5| |FIXEDASSETS|||| |Tangible assets|14|7,535,437|7,998,035| |CURRENT ASSETS|||| |Stock|16|1,837|2,086| |Debtors|17|60,110|65,118| |Cash at bank||500660|451,564| |||562,612|518,768| |CREDITORS|||| |Amounts
falling due within one year|18|(107,721)|(98,535)| |NET CURRENT ASSETS||454 00|420 233| |TOTAL ASSETS LESSCURRENT LIABILITIES||7,990,328|8,418,268| |NET ASSETS||7990320|0410260| |FUNDS|20||| |Unrestricted
funds||7,972,722|8,398,436| |Restricted funds||17,606|19,832| |TOTALFUNDS||7 990.320|0,410.260| |The Freedom Community
Trust Limited|||| |---|---|---|---| |Charity Balance Sheet|||| |31stMarch 2022|||| |||2023|2022| ||Notes|6|E| |FIXEDASSETS|||| |Tangible assets
Investments|14
15|7,516,994
10|7,986,273
10| |||7,517,004|7,986,283| |CURRENT ASSETS|||| |Debtors|17|33,239|17,623| |Cash at bank||366,035|336,381| |||399,274|354,004| |CREDITORS|||| |Amounts
falling due within one year|18|(31,881)|(14,475)| |NET CURRENT ASSETS||367,393|339,529| |TOTAL ASSETS LESSCURRENT LIABILITIES||7,864,397|8,325,812| |NET ASSETS||7.884.38|8 325,812| |FUNDS|20||| |Unrestricted
funds||7,866,791|8,305,980| |Restricted funds||17,606|19,832| |TOTAL FUNDS||7884387|8,325,8 2| |||||2023|2022| |---|---|---|---|---|---| ||||Notes|6|E| |Cash flows from operating||activities|||| |Cash generated
from operations|||1|63,271|~56,103)| |Net cash (used in)/provided||by operating|activities|~63 271|~55,103)| |Cash flows from investing||activities|||| |Purchase oftangible fixed assets||||14,170|4,000| |Nst cash used in investing|activities|||/14,170)|~4,000)| |Change
in cash and cash||equivalents|In||| |the reporting
period
Cash and cash equivalents||at the||49,101|(60,103)| |beginning
ofthe reporting||period||~451 564|511,667| |Cash and cash equivalents||at the end|of||| |the reporting
period||||500,665|451,564| ## ## |for th|e year ended 31stMarch 2023|e year ended 31stMarch 2023|e year ended 31stMarch 2023|e year ended 31stMarch 2023|e year ended 31stMarch 2023|e year ended 31stMarch 2023|e year ended 31stMarch 2023|| |---|---|---|---|---|---|---|---|---| |1.|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|||||||| |||||||2023||2022| |||||||8||2| ||Net expenditure
for
Financial Activities)|the reporting||period (as per the Statement of||(427,940)|(470,163)|| ||Adjustments
for:
Depreciation
charges|||||476,767|477,540|| ||Loss on disposal
offixed assets
(Increase)/decrease
in debtors
(Increase)/decrease
in stocks
(Decrease)/increase
in creditors|||||5,008
249
9187||12,937
(96)
~76,321| ||Net cash (used in)/provided||by operations|||~63 271||~56103)| ||ANALYSIS OF CHANGES
IN||NET|FUNDS||||| |||||At|1.4.22|Cash flow|At|31.3.23| ||||||8|8||8| ||Net cash|||||||| ||Cash at bank|||451,584||49,101||500,665| ||Total|||~451584||49,101|~500 685|| ## ## ## ## ## ## ## ## ## ## ## ## |


lease term. Costs incurred
in earning
the leas|e income are rec|e income are rec|ognised as costs o|ognised as costs o|f raising funds.|| |---|---|---|---|---|---|---| |Operating
lease expenses are recognised as|an expense over||the lease term on||a straight
line basis.|| |INVESTMENT INCOME||||||| ||||||2023
f|2022
f.| |Rents and service charges receivable|||||485,472|476863| |All of the investment
income for 2023and 2022 is unrestricted|||income.|||| |ANALYSISOFGRANTSANDDONATIONS|Unrestrictedf||Restrictedf||2023f|2022f| |Big Lottery
—Freedom
Fresh Food
Big Lottery
—Fire Alarm Panel
Office ofThe Police & Crime Commissioner||||48,458
9,500
5,211|48,458
9,500
5,211|3,500| |Government
grant income
Other donations||1231|||1,231|32,108
1,000| |||1 231||63 169|06100|36608| |For 2022f3,500ofthe grants received are restricted||income,|with the|remained|being unrestricted.|| |RAISING FUNDS|Unrestrictedf||Restrictedf||2023f|2022
f| |Property management
costs
Cost ofgoods sold and other costs||70,075
61,884|||70,075
61,884|71,681
30,868| |||131,959|||131959|102569| ## ## ## ||||Direct|Grant|Support||| |---|---|---|---|---|---|---|---| ||||charitable|funding of|costs (see|Totals|Totals| ||||activities|activities|note 6)|2023|2022| ||||6|8|2|6|| |Community|services|&facilities|439,027|9,804|640,755|1,089,586|1,027,329| ## |SUPPORT|COSTS||| |---|---|---|---| |||2023|2022| |||6|f| |Management||31,967|33,671| |Finance||30,857|37,661| |Information|technology|469|315| |Human
resources||72,571|77,881| |Premises costs||14,949|| |Governance|costs|13,175|11,100| |Depreciation||~36 361|477,540| |||080,|630,160| ## |NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|||| |---|---|---|---|---| |Net income/(expenditure)
is|stated after charging'(crediting):|||| ||||2023|2022| |||||2| |Depreciation - owned assets|||476,767|477,540| |AUDITORS' REMUNERATION||||| ||||2023f|2022
6| |Fees payable to the charity's|auditors forthe audit ofthe charity's|financial||| |statements|||13,175|11,100| ## ## ## ## ## ## ## ## ## ## |||||2023|2022| |---|---|---|---|---|---| ||||||5| |Turnover||||803,274|715,485| |Cost ofsales||||252,344|234,445| |GROSS PROFIT||||550,930|481,040| |Administrative
expenses||||459166|436,263| |||||91,764|44,777| |Other operating
income|||||32,108| |OPERATING PROFIT and PROFIT BEFORE TAXATION||||91,764|76,885| |Tax on profit|||||| |PROFIT FOR THE FINANCIAL||YEAR||91764|76 885| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES||| ||||Unrestricted|Restricted|Total| ||||fund|fund|funds| ||||5|E|F| |INCOME AND ENDOWMENTS||FROM|||| |Charitable
activities|||||| |Grants|||33,108|3,500|36,608| |Investment
income|||476,883||476,883| |Trading activities|||146,244||146,244| |Other income|||||| |Total|||656,235|3,500|659,735| |EXPENDITURE ON|||||| |Raising funds|||102,569||102,569| |Charitable
activities|||||| |Community
services|&facilities||1,027,329||1,027,329| |Total|||1,129,898|3,500|1,129,898| |NET INCOME/(EXPENDITURE)|||(473,663)|3,500|(470,163)| |NET MOVEMENT
IN|FUNDS||(473,663)|3,500|(473,663)| |Total funds brought|forward||8,872,099|16,332|8,888,431| |TOTAL FUNDS CARRIED FORWARD|||8,398,436|19,832|8 418268| ## ## ## |TANGIBLE FIXEDASSE|TS|||||||| |---|---|---|---|---|---|---|---|---| |GROUP||||Fixtums||||| ||Freehold||Long||and|Plant and||| ||property
f||leasehold
f|fittings
f||machinery
f|Totals
f|| |COST||||||||| |At 1st April 2022|12,975,971||3,843,682||71,083|262,059|17,152,796|| |Additions||||||14,170|14,170|| |131
M
02023|12 0|9 I|3043002||71 D03|2 6.
9|166965|| |DEPRECIATION||||||||| |At 1stApril 2022|6,445,355||2,406,030||53,080|250,296|9,154,761|| |Charge for year|314,570||146,124||8,586|7,487|476,767|| |At 31stMarch 2023|8759|925|2552 154||61,666|257,783|9631528|| |NET BOOK VALU||||||||| |6 31
M
I
0 3|6,216,046||1.291, 20||9,417|18,446|7,535,437|| |At 31stMarch 2022|6,530,616||1 437,652||18,003|11,763|7,998,035|| |CHARITY||||||Fixtures||| ||||Freehold||Long|and||| ||||property
f||leasehold
f|fittings
f|Totals
f|| |COST||||||||| |At 1st April 2022|||12,975,971|3,843,682||71,083|16,890,736|| |Additions||||||||| |At 31st March 2023|||129 5071|3043082||71083|10000 36|| |DEPRECIATION||||||||| |At 1stApril 2022
Charge for year|||6,445,352
314569|2,406,030
146,124||53,081
8,586|8,904,463
469,279|| |At 31stMarch 2023|||6759,921|2552,154||01,067|9373 4|| |NET BOOK VALUE||||||||| |At 31st March 2023|||0216.050|I|II
520|9416|7516004|| |At 31stMarch 2022|||653II619|143 652||10002|906|3| ## ## ## ||Details of investments
are|a|s follows:|s follows:|||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Name ofcompany
Preston
Road Enterprises||Limited||Holdings
Ordinary||Proportion
ofshares held
100%|||Nature ofbusiness
Function/meeting
facilities|| ||The subsidiary
undertaking||is registered||in England
and||Wales.||||| ||In the opinion ofthe directors, the value||||ofthe|company's|investment
in its subsidiary|||undertaking|is not less than| ||the amount
at which
it is stated|||in the balance||sheet.|||||| |16.|STOCKS|||||2023||2023||2022|2022| |||||||Groupf||Charity
f|Groupf||Charity
f| ||Finished goods and goods|for resale||||1,837||||2,086|| |17.|DEBTORS|||||2023||2023||2022|2022| |||||||Groupf||Charity
f|Groupf||Charity
f| ||Trade debtors|||||39,354||33,239||11,118|17,331| ||Other debtors|||||20,756||||53,708|| ||Amounts
due from subsidiary||undertaking||||||||| ||Prepaymenis
and accrued|income|||||||||| |||||||60,110||33,239||65,118|17,623| |18.|CREDITORS'. AMOUNTS|FALLING||||2023||2023||2022|2022| ||DUE WITHIN ONE YEAR|||||Groupf||Charity
f|Groupf||Charity
f| ||Trade creditors|||||36,708||18,571||34,526|7,078| ||Social security and other taxes|||||20,169||1,888||12,151|773| ||Other creditors|||||3,671||3,671|||| ||Accruals and deferred income|||||47,173||7,751||51,858|6,624| |||||||107,721||31,881||98,535|14,475| |19.|LEASING AGREEMENTS|||||2023||2023||2022|2022| |||||||Groupf||Charity
f||Groupf|Charity
f| ||Minimum
lease payments
under|||non-cancellable||operating|leases|fall due as follows:|||| ||Within one year
Between one and five years
In more than five years|||||5,656
10,668
213,425||2,083
8,332
213,425||5,655
14,239
215,508|2,083
8,332
215,508| |||||||229,749||223,840||235,402|225,923| ## ## ## ## ## |||||||| |---|---|---|---|---|---|---| |LEASING AGREEMENTS Cont.||2023|2023|2022||2022| |||Groupf|Charity
f|Groupf||Charity
f| |Minimum
lease payments|due tothe charitable company
and the||group under non-cancellable
operating|||leases fall| |due as follows:||||||| |Within one year||336,258|247,453|295,999||267,447| |Between one and five years||813,138|889,487|265,815||510,804| |In more than five years||673,150|699,906|99,150||195,806| |||1,822,547|1,836,846|662,964||974,057| |ANALYSIS OF NET ASSETSBETWEEN FUNDS||||||| |||||2023||2022| |GROUP||Unrestricted|Restricted|Total||Total| |||fundf|fundf|funds
f||funds
f| |Fixed assets||7,535,437||7,535,437||7,998,035| |Current assets
Current
liabilities||545,006
~107,721)|1T,606|562,612
~107,721)|518,768
~98,535)|| |||7972722|17608|~7990328|8,415,268|| |||||2023||2022| |CHARITY||Unrestricted|Restncted|Total||Total| |||fundf|fundf|funds
f||funds| |Fixed assets||7,515,994||7,516,994||7,986,273| |investments||10||10||10| |Current assets
Current
liabilities||381,668
~31881)|17,606|399,274
~31S81)|354,004
~14,475)|| |||~7866791|~17606|7,884,397||8.325812| |MOVEMENT
IN FUNDS||||||| |GROUP||||Net||| |||||movement||At| ||||At 1.4.22
f|in funds
f||31.3.23
f| |Unrestricted
funds||||||| |General fund|||8,398,436|(425,714)|7,972,722|| |Restricted funds||||||| |Restricted
fund|||19,832|(2,226)||17,605| |TOTALFUNDS|||8418288|~427940)|~7990328|| ## ## ## ## |Net movement|in funds, incl|ude|d
in th|e above|are as follows:|||| |---|---|---|---|---|---|---|---|---| ||||||||Transfer|| ||||||Incoming|Resources|between|Movement| ||||||resources|expended|funds|in funds| ||||||E||E|E| |Unrestricted|funds|||||||| |General fund|||||730,436|(1,156,150)||(425,714)| |Restricted funds|||||63,169|(65,395)||(2,226)| |Restricted fund||||||||| |TOTALFUNDS|||||~793605|~1.22L545||~427 940)| |Comparatives|for movement||in funds|||||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.21|in funds|31.3.22| |||||||E|E|E| |Unrestricted|funds|||||||| |General fund||||||8,872,099|(473,663)|8,398,436| |Restricted funds||||||||| |Restricted fund||||||16,332|3,500|19,832| |TOTALFUNDS||||||8,888,431|~470163)|8,418,268| |Comparative|nei movement|in|funds,|included|in the above are|as follows:||| ||||||||Transfer|| ||||||Incoming|Resources|between|Movement| ||||||resources|expended|funds|in funds| ||||||E|F|E|E| |Unrestricted|funds|||||||| |General fund|||||656,235|(1,129,898)||(473,663)| |Restri cted funds
Restricted fund|||||3,500|||~3500| |TOTALFUNDS||||||1,129898||~4ta.183| |CHARITY|||||||Nei|| ||||||||movement|At| |||||||At 1.4.22|in funds|31.3.23| |||||||E|E|E| |Unrestricted|funds|||||||| |General fund||||||8,305,980|(439,189)|7,866,791| |Restricted funds||||||||| |Restricted fund||||||19,832|(2,226)|17,606| |TOTAL FUNDS||||||~8325812|~441 415)|7888397| ## ## ## ## |Net movement
in funds, inc|lud|ed
in t|he above|are as follows:|||| |---|---|---|---|---|---|---|---| |||||||Transfer|| |||||Incoming|Resources|between|Movement| |||||resources
f|expended
f|funds
f|in funds| |Unrestricted
funds|||||||| |General fund||||478,028|(917,217)||(439,189)| |Restricted funds
Restricted
fund||||63,169|~65,395)||~2,226)| |TOTAL FUNDS||||~541 197|982612||441,415| |Comparatives
for movement||in funds|||||| |||||||Net|| |||||||movement|At| ||||||At 1.4.21
f|in funds
f|31.3.22
f| |Unrestricted
funds|||||||| |General fund|||||8,777,812|(471,832)|8,305,980| |Restdicted funds|||||||| |Restricted
fund|||||16,332|3,500|19,832| |TOTALFUNDS|||||8284144|~4683323|8 328812| |Comparative
net movement|in|funds,|included|in the above are as follows:|||| |||||||Transfer|| |||||Incoming|Resources|between|Movement| |||||lesoui'ces
f|expended
f|funds
f|in funds
F| |Unrestricted
funds|||||||| |General fund||||463,373|(935,205)||(471,832)| |Restricted funds
Restricted
fund||||3,500|||~3500| |TOTAL FUNDS||||466873|~935205||~468332| ## ## ## ## ## ## ## ## ## ## ## ## ##