Hessle Road Network (A company Ilmited by guarantee) Report and Financial Statements For the year ended 31 March 2024 Re8Sstered Company Number: 4360117 IEn8land and Wales} Re8lstered Charily Number: 1097S19
Hessle Road Network Contents of the Financial Slatements For the earended 31 Mar h 2024 Page Company Information Report ol the director5 Ilncludin8 the Truslees, Report) Independent Examiners Report Statement ol Financial Activities io alance Sheel li Notes to Financial Statements 12-19
Hessle Road Networ Com For the an Informalion ear ended 31 March 2024 CHIEF OFFICER & SECRETARY: J. Robinson REGISTERED OFFICE: Network Young People's Cenlre l Massey Street Hull Easi Yorkshlre HV3 3LA TRUSTEES: Reverend M Hills L Tock Reverend T Cotson C Donnelly Resigned 131oV2024 M Hogben T Hefflming-Tayler D Hamilton INDEPENDENT EXAMINER: Jon Llster FCCA Enterprise Chartered Certified AccoLFntants 8 Castle8ate Doncaster DNII 9QU BANKERS: Barclays Bank PIC PO Box 11 Hull Group of Branches Hull HUI 2J8 Page I
Hessle Road Network Re ort of the Diiectors Includin the Trnstees, Re For the ear ended 31 March 2024 ort The trustees, who are also dlreciors of the charity for the purposes of the Companle5Aci, submlt thelr annual report and the linancial statements for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement ol Recommended practi ISORPI IFRS 10211ssued in 2015 in preparing the annual report and finaThclal statements of the charlry. The eharlty Is a charitable company and Is limited byguarantee. The charilV'sgove¥nln8 documeTht Is Its Memorandum and Articles ol Association. whith restricts the charity's operationsto all lawful acts as are necessary or Intidental io Its Objects. Yrustees, lesponslbllltles statement Company law requlres the trustees to prepare financial statements for eath financlal year whlch Rlve a Ifue and falr vlew of the state ol affairs of the charitable company and olthe Incoming resources and application of resources. Including the Income and expenditure, of the charitable £ompaThy lor theyear. In preparing the finarbcial statements, the knjstees are requlred to- select sultable accounling policies and then apply them conslstentty- observe the methods and principles in the Charities SORP.. make Judgements and esrimates that are reasonable and prudenL' state whether appllcable UK Accovntin8 Standard5 have been followed,subiect to any materlal departures disclosed and explained In the financial statement: prepare the financial staternents on the 8oin8 concern ba515 unless it 15 inappropriate to presume that the charitable company will contlnue In operailon. The trustees are responsible for keeping adequate accounling record5 that dlsclose wlth reasonable accuracy at any rime the financial position ol the charitable company andènable them to ensure that the financial statements comply with the Companies Act 2(X)6. They are also responlble for safe8uardin8 the asset5 of the charitable company and hence for laking reasonable steps for the prevention and detection of fraud and other irre8ularities. Structure. governance and management The trustees have responsibility to direct the chariiy's affairs in Such a wayas io promote the Objects. D¢iy to doy monogement The day to day management of the charity is carried out by the Chief Officer. spOnbIe to ihe Executive Cornm¥ttee made up of the truslees ol the cornpany. General meetings ale held bS-monthly to disCU5s maiters and for decision making. Meetings are carried oui In line wlth the Articles of Associalion of ihe company. Other malor roles In the charity Include the finance directorldeputy chiefofficei who performs accounting dv¢ies. Page 2
Hessle Road Network Re ort of the Diiectors includin the Trustees. Re For the ear ended 31 March 2024 - Contlnued Structure. governance and management contlnued Recrtjitment ond training of tru5tee5 Trustees are reciuited based on their knowled8e and experience In the seNces the charity provides to meet Its objectives. No formal tralning Is provlded to newtruStees8erl their exlsting knowled8e. Training is available should bi be required. Risk monogement The board ol trustees have overall responsibility lor ensvring thal the chaiity has appropriate sysiems ol controls, linanclal orotherwlse. They are also responsible lor keeping yoper accountlng records. for safeguarding the assets ol the charity and for taklng reasonable sleps lor the prevention and detection ol fraud and other irrÈgulaiitres and to pio¥ide reasonable assurance ihat.. The charity is opeiatin8 effictently and effectively - The assets are safeguarded agalnst unauthodsed use or di5POSltion Proper records are maintained and linancial information used within ihe chaiity reliable The charity complies with relevant w5 and re8ulations Risk review The trustees have conducted a revÈew of ihe major risks to whlch the charity Is exposed and appropriate systems have been established to miligate those risks. Sl8nilKant extein31 risks to funding have 3 to ihe development and Implementation of a strategk plan. This 11 allow for the re-direclion of lunding and some atlivities. Internal risks are mlnimlsed by the implementalion of procedu5 for authorisation ol all Iransactions and projetts to ensure consistent qualityof delivery for all operational aspects ol the charity. These procedures are constantly reviewed to ensure ihat they still meei the needs ol the charily. Oblectlves and actlvltles The charity's objectSves as stated In the companvs Memorandum and Article5 of A550ciation are principally lor the benefii ol the community in the aa surrounding the centre. Heolth - To provide or a5515t in promding facililies. services or assistance to persons who are aged. who have mental or physical disabilities of who are chronically sicL- - To promote good health and the relief ol sickness.. Sociol core - To provide or improve or to assist in providing or improvin& in the interests of social care and Improving Ihe condilion5 of life of those in the area. social. CreatiOnal or leisure time facilities and in particular for those who need those facilitie5 because ol theiryovth. age. iTrlirmlty, disability. poverty or social and economic circumstances. Page 3
Hessle Road Network Re ort of the Directors includln the Trustees, Re For the ear ended 31 March 2024 ort contlnued Objectlves and actfvltles contlnued S¢Jciol core continued -To promLTrie the ellminaiion of social exclusion and discdmlnaiion,. . To promote good community Telalions between both IndNidua15 and anisatiOnS both inside and oulside the area. Educottion ond troining - To advance education: - To provide or assist in providing and improvln8 access io tralnln8 and a550¢1aied facilities: Employment ondenterpn'se -To relieve unernployment In such way5 as may be thought flt, Includingasslsiln8 people to lind employment. provlding employment opportunltles or providi nemployed people with work experieno.. - To provide w asslst In provlding Ilnancial assistance. technlcal asslstance orbusiness advice or consultancy in order to provide training and employment opwiunities for unemployed people In cases of financial OT Other ¢hariiable need ihrough help- - In setting UP their own business. or - To existing business,. Environment -To promote the ctsniervation. protection and Smprovement of the phy5Kal and natural environment and access to open space,. Othe - To promote any oiher charitable puipose. Equol opportuFttties In furtherance of the Objects the charity shall at all tlmes take Into consideralion the prlnciples of equality of opportunity irrespective of ège. gender. race, cok)ur, nationality. ethnic origin, reliBion, sexual orientat*)n or disability. Publlc benelit The trustees confirm thal they have paid due ard to the Charitie5 Commission guidance on public benefit in deciding which actiwlies Hessle Road Network shouh4 undertake. The area the charity serves is characterised bysevere levels ol urt)an depitV3tion and Iherelore there is little opporlvnily for members of the community to develop skills or be provided with information on health and social care seryices. The work the charity carries out with schools has given increased acce5S to those services. Page 4
Hessle Road Network Re ort of the Dlreclors Includin the Trustees, Re For the ear ended 31 March 2024 - contlnued Chalr's report Thi5 ha5 been the Hessle Road NetworV$ 25 yearworking in the Hessle Road Commurmty. Over the summerwe worked with a 8rovp ol semce users to organlse a community BBQ evenl attended by families, older resldents and some ol our supporters th people getting involved in bakin& 8ardenin8, craft5 and most importantly. bein8 Wlth each oiher. The weatherwas kind to s arhd the event provlded a Breat opporlunity for people to share iheir skills and Bet to better know each other. Also we held an eTht to mark the King's Coronatlon. Food providèd the main centerpSece a8ain la theme thal runs through all of our activitie51 includinE a Royal photo booth. We supported our seNice ysers to plan ihi5 eveni lof several weeks, making decorations and planning a bullet ènd games- blngo bein8 a firm lavouriie. Events like ihese are so Important for our community because they provide opportunities for people to come toBether in a light- hearted way, get to know each other and find out what they have in common. Over the course of thls year we have worked wlth over 150 membe¥s ol the community, aimlng to reduce feelings ol Isolation and anxiety and improve their physical, mental and emotional well-being. Our work with youn8 people h85 conlinued thioughout the year wlth a group of youn8 people campaigning on issues that they identified as important to them. This year their main focus has been tackling food poverty and the quality of school meals and we supported them to meet with thelr local MP, write letters to schools and local bunesseS and gather f¢)od donations. The young people distributed food packs during the school holidays to 60 young people and famllies. The group Is now working on a campaign aboui menstrual health and access to menstrual products. Otheryoung people planned a residential camping weekend In East YorkshSre, during which they made two ol ouryouth workers slay up until the eaAy hours ol the morning making s'mores over the bonfire. In addilton to our usual pro8iamme of open access evening session5. we delivered session5 to raise young people's awareness of a number ol issves and camp3i8ns including World Mental Health Day. LGBTQ+ Awareness. Black Hislory Monih and White Ribbon. These activities allow young people lo explore and betler undersiand such issues in a sale environment where they can èsk questions and receive tru5twoilhy and ieliable information. enabling them lo develop informed opinions. which in turn piomote5 under5tandin& collaboratlon and harmony. This year we have worked wilh over 250 young people through our open access evenin8 sessions, Outreach sessSons and lar8eted ywlh work. Page 5
Hessle Road Network Re ort of the Directors includin Ihe Tius For the ear ended 31 March 2024 ee or - contlnued Chalr's report. Continued We have supportedyoung people and adults affected bydomestlc abusethrough our Chahglng Futures projeci for over 10 years and during that time ourwork has developed and evolved to meet the needs of servlce useis experienclTTrg th15 complex and multi-stranded Issue. This year we wereable to support a member ol our team to successfully complete the SafeLlves Domestic Abuse Setvice Manager training as we work towards achieving the Leading Light5 accreditalion over the next coupleof years. Through the Changlng Futures proleit we have continued to provlde Intensfve 1-2-1 support to vktlmslsurvivors, deliver healihy/unhealthy relationshlp awareness programmes to youn8 people arsd ¢o-delivei the Brave domestic abuse recovery pro8ramme alongside pratlitionefs from the Hull Domestic Abuse Partnership IDAPI. Sadly, Ihe number ol people accessing our prolecl who are allecied by domestic abuse 15 increasing so the fact that we can offer thls community-based, acce55ible support has never been more Important. Our Voice & Influence work remalns an 5nte8ral part of the project and shape5 and Informs our detisions and dlrection at every level. Having already been awarded the Investing in Chlldrerh quality mark lor over 10 years and the National yoth A8ency INYAI Quality Mark at the AdvarKed Level, we are now workin8 towards achieving the NYA Quality Mark at the Outstanding Level The cost of living èmergency contlnues to bile In ovr communlty with famlliès. the elderly, couples and single people all being squeezed beyond what Should be expected of them, however their resilience and tenacity continues to impress. Oui comtnunily lacks financial resources. but it more than compensates in kindness. care and community spirit and we regularly see people support each oiheremotionally and practically. People who once barely knew each oiher have made hospitalvisits when members of the 8roup have been ill, provided th11dca when parents have had appointments and provide a killd and understanding ear whenever people need to talk aboui iheir worries. We have seen an increase in ihe number of adults receiving 1-2-1 suppori from us to help overcome a number of issues including debt. lood and fuel poverty, access to benefits. domestic abuse. extreme isolaiion and poor mental healih. Often. those we support through this work are experiencin8 multiple issue5 that are interconnected and an quickly Spiral and become very complex resultln8 in the need for long-teim Intensive Support. Thls year, we liave SLlPPOrted over ILKJ adults through Intensive 1-2-1 supportwith much ol that work Siill conlinuirhg. Page 6
Hessle Road Network Re ort of the Directors includin the Trustees. Re For the ear ended 31 March 2024 ort - continued Chalr's report- Contlnued I should not close wlthout acknowledging the incredible 5UPPOrt we receive from ourvolunteer5, supporteis and funders. Our army of loyal. hardworktngvolunteers whoweek after week keep the charity shop open, provlde endless hot drinks and food during sessions and keep the weeds In the allotment at bay, deserye our thanks. You provide the warm welcomè to our cownmunity whith Is so vital. Our supporters help to keep us going wlth donations 018ardenirbg resource5, toys, Chrlstrnas glfts, staff time and food and also raise funds to SU51ain our worl we are eternally gfateful. You enable u5 10 dellver projects that would be Imposslble withoul your support. Desplte the current very difficult financial climate our lunders help us to keep the project running and delNer vital servlces to the community. we cannot thankyou enough. Without you. none of this would be p055ible. Flnally. my lellow Dlrectors extend our enormou5 appretiation to our senr rnanagement and staff team for their professronal and enthuslasiSc commltment to ensure Ihat Hes51e Road NetworkcontSnue5 lo serve our cornmunity prospers todayand loranother 25 yearsl In conclusion l am requlred io include Information aboul our financial reservès.. General ReseNes In order to urbderpill our long-term commltments and cover runnlng costs, He5sle Road Network hold5 funds in reserve whtch can be used to mainiain our seNice for an inierlm per#)d during a gap In fundin8 or whilst we implemenl an exit strategy. We currenlty hold £73,506 in 8e¢)eral reserves. It is our aim to hold sufficleni funds 6eneral reselves to cover a six-month period of expendiiure. As the are currently insufficient funds In ourgeneral reserves, the Board of Directors agtse at the end of each financial year il, and by how much. to top up the fund. Desl naied Reseryes Hessle Road Network has designated reseives whlch are used for specific purposes. We cur¥ently have a redundancy fund to cover slafl redundancy cosis Icurrently holding £65,0(xJl and a woperty fund to cover the cost ol maintaining and refurbi5hiTh8 our purpose-built Cent (where these costs can't be covered within our vsual budget). The property fund currently holds £35.000. The amount held in designaled reserves is reviewed throughout the year and at the end ol the financial year the Board ol Directors agree the level of designated reserve5 required lor the forthcomingyear and top up as necessary. All money allocated io general and designated reserve5 is drnwn from unreslricted funds. Page 7
Hessle Road Network Re ort of the Dlrectors Includin the Trustees, Re For the ear ended 31 March 2024 ort - contlnued Chalr's report. Conllnued Our Y15k*n: A strongercommunityforoll Our Misslon: elA-esteem andconfidence to enhunce ouolityof lile In our¢ommunity Roising 05pirotiorJ Mich Chalr, Board of Dlrectors Hessle Road Network z? - CI -IGILr Page 8
Inde endent Examiner5 Re He551e Road Network For the ear ended 31 March 2024 ort to the Trustees of We report on the a¢¢ouniS for the year ended 31 March 2024 set out on pa8es 10 to 19. Retr95peclive responsibllitles of tIUStees and examlner The trustees (who are also the directors of the companyforthe purposes of company lawl ale responslble fof the preparation ol the accounts. The trustees conslder that an audit 15 not fequired for this year under sètlitsn 145111 of the Charities Acl 2011 and that an independent examlnation 15 needed. Havin8 satisfied myself ihal the charity Is nol subject to audit undercompany law and is el(8ible for Independent examination, it is rny responsibllity to- examine the accounts undei section 145 01 the Charities Act 2011,. - to follow the procedure5 laid down in the 8eneral direclions given by the Charity Commlssion under sectlon 14515llbl of the CharitiesAct 2011.. and - to state whether particular matters have come to my attentIc. 8asls of Independent exarnSner's report My examination was carried oul in accordarKe with the eeneral diretlions8iven by the Charity Commission. An exarnination includes a review of ihe accountlng records kept by ihe charity and comparlson of the accounts presented with ihose record5. It also Sncludes corbsideratiots of any unusual Items or disclosures in Ihe account5 and seeking explanalions from you as irustees concerning any svch matters. The procedures underlaken do not prowde all the evidence thal would be required in an audit and consequenily no opinlon Is glven as to whether the accounts present a'liue and lair view. and the report is limited to those matiers set out in the sialernent below. Independent examlner's statement In connection with my examination. no matter has come to my attention.. which gives me reasonable cause to believe thal in any malerial respects ihe requirements to keep accounting records in accordance wilh seclion 386 01 the Companies Act 2006,. and io piepare accounts which accord with accounting records, complywth the account%ng requirements OF section 386 01 the Companies Act 2006 andwith the method and principles ol the Staternent ol Recommended Pcactice: Accounting alld Reporting by Charities have not been met.. or 121 to whÈch. In my opinion. atten understanding of the 'on should be drawn In orderto enable a proper to be reached Jon Ilster FCCA Enterprise Atcountancy Se 8 Ca5tlegate ices Daied.. 18-1 Doncaster Souih Yorkshire DNII 9QU Page 9
He551e Road Network Statement of Financial Activitles Includin For the ear ended 31 March 2024 Income & Ex enditure Account Unre5trirted Restri¢ied Funds Funds 2024 2024 Total Fund5 2024 Toial Funds 2023 Notes INCOMING RESOURCES Incomln8 resource5 from Beneiated funds: Actlvitiesforgenerotlllglunds Investment Income Project delivery Incomlng resource5 from charltable actlvltles: Grants Donatlons, fundralsing and gilts 2,197 13,126 2,197 78.735 523 95,766 65,609 232.600 232.600 19,262 189,214 14,745 19.262 TOTAL INCOMING RESOURCES 34,585 298.209 332.793 300,248 RESOURCES EXPENDEO Charitable activities 43,364 293.565 336,929 320,706 Governance cosis 2.201 2,201 6,443 TOTAL RESOURCES EXPENDED 45.565 293.565 339,130 327.149 NET IhlCOMING RESOURCES 10.9801 4,644 1 6.3361 26,9011 TRANSFER 4,402) 4.402 Total funds brought forward 199,849 1.383.545 1,583,394 1,610.295 TOTAI FUNDSCARRIED FORWARD 184.467 1.392,591 1,577,058 1,583.394 The statement of lin3nci?l activities inclvdes all gains and losses in the year. All incoming resources and resources expended derive from continuin8 activilies. Page 10
Hessle Road Network Re istered Com an Number: 4360117 Balance Sheet as at 31 March 2024 En land and Wales 2024 2023 Note5 FIXED ASSETS Tangible assets 1.312,390 .312,536 CURRENT ASSETS Debtors Cash at bank and in hand 3.363 265.460 268,823 8.022 267,012 275,034 CURRENT LIABILITIES Creditors due within one year 4.155 4,176 NET CURRENT ASSETSIIUABlllnESI 264,668 270,858 TOTALASSETS LESS CURRENT LIABILITIES 1,577.058 1,583,394 FUNDS Unrestricted funds Restricted funds io io 184,467 1,392,591 199.849 1,383,545 TOTALFUNDS io 1,577.058 1,583,394 These financial slatements have been prepared in accordance wlth the special provisions for srnall companies under Parl 15 of the Companies Act 2¢6. The cornpany is entitled to exemption from the audit requiremenl tonialned wthln section 477 ol the Companies Act 2006, for theyear ended 31 March 2024. No membei ol ihe company has deposited a notrce pursuant to seclion 476. requlring an audit ol these accounts. These Financial 5taternents were approved by ihe trusiees on The directors have acknowledged their responsibilities for preparing accovnl which give a true and fair view ol the Company and of the pcofitlloss (which ever is applicable lor the year then ended in actoidance with the requirement5 01 the Companie5 Act 2(M)6 and which otherwise comply wilh the requirements of Ihss Act ielalinB to accounts. $0 far as applicable to the Companv. The director5 have acknowledged their responsibilities for ensuring ihat the Company keeps aicountin8 records wliich comply with ihe Companies Act 2(. Director Dale.. Page 11
Hessle Road Network Notes to the F5nanclal Statements For the ear ended 31 March 2024 I ACCOUNTING POLICIES Basls of ac¢ounilng The financial statements have been prepared under the historical cosi convention and In accordance with the Financial Reporting Standard for Smaller Entitie5 leflective january 20151 and with the Accountlng and Reporting by- Statement of Recommended Practice (issued In january 20151. Golng COnM The financial statements have been prepared on a golng concern basls. The companws activities are dependenl vpon the conlinued support of ils key fundets who have undertaken to provide such support for the foreseeable future. If the goin8 concern basis were not appropriate. adjuslments would have to be made io reduce the value of assets to their recoverable values, to provide anyfurther liabilities that rn8y arise alld rèclassify fixed asseis to current assets and long terms liabilities to Cash flow statèment The trustees have taken advantage ol ihe exemption In Flnanclal Reportin8 Standard No. 102 from including a cash flow statement in the finantial siatement on the grounds that the chality is small. Grants recelvable Revenue 8rants are credtled to the Statement ol Financial Aciiwties In the year forwhich they are received. Taxatlon The company Is a reglstered charity and its activities a not sublecl to taxalion. Tangible fixed assets Tangible fixed assels are stated at cost less depreciation. Depreciati is provided at fates calculated to write off the cost less estimated fesidual value of each asset over its expected useful life, as follows,. Leasehold property Project equipment Not depreciated 25% on cost Staff Cosls and overhead expenses Staff costs and ove¥head expenses a allocated to ac11tieS on the basis of lime spent unless otherwise identilied io a partlcular fund. PaBe 12
Hessle Road Network Notes to the Flnanclal Slatemenls. conilnued For the ear ended 31 March 2024 Fund AountIng Funds held by the charityare either: Restflcted funds- these are funds that can only be tssed for a particular reslricted purposes within the objecis ol the charity. Restrlclsons arh* when specllied bythe donor w wheTh funds a raised for particular restricted purposes. unrestricted funds- these are funds which can be used ai the organisaiSon's discretion in accordance with the objects of the charity. Designaied funds- these funds comprise unrestricted funds thai have been set aslde by ihè trustees for restricted purposes. 2 Prolett dèlivery Income Unreslrlcted Restrfcled Total 2024 Total 2023 Dlsclosure barrlng seCe1cRB Sundry receipts Youth & Community Work 13,126 13.126 16.051 65.609 65.609 65.609 78,73S 79,715 95,766 13.126 Grant Income Unrestricted Restiided Total 2024 Tolal 2023 Revenue gfanls Capital grants 232.600 232.600 189,214 232,6 232,600 J89.214 Page 13
Hessle Road Network Notes to the Financial Statements- continued For the ear ended l March 2024 3 RESOURCES EXPENDED- CHARITABLE ACTIVITIES Unrestrlrted Restrlrted Totsl 2024 Total 2023 Wages and salailes Activitie5 and events expenses Dlsclosure bureau costs Premlses cosis Admini5tratton costs Travel expenses Bank charges Sundry expenses Depreciation COVID-19 costs 32.334 226.338 25.700 258,672 25.700 6,277 38,494 7A80 49 237,518 28,107 6,981 36,645 6,896 1,235 64 3,020 195 45 320,706 6,277 3A49 756 34,644 6.724 49 iio iio 147 147 43,364 293.565 336,929 4 RESOURCES EXPENDED. GOVERNANCE COSTS Unre5trltted Restrlrted Total 2024 Tolal 2023 Le831 and prolessional lees Independent examiners fee5 200 2,001 2.201 2) 2,001 2,201 4,517 1,926 6,443 Page 14
Hessle Road Network Notes to the Flnanclal Statements- Contlnued For the year ended 31 March 2024 5 NET INCOMING RESOURCES Net Incomlng resources for the yedl IS Stated after chaigin8- 2024 2023 Oepreciation- owned assets 147 195 6 Inlormatlon on Dlrectors and employees The avera8e number ofemployees during the year was made up asfollows- 2024 2023 05rectors Management and adminlstration of the charlty Adrnini5lration Projecl work io 21 20 No employee received emolumenls of more than £60.(W. No trustee5' remuneration have been pald orwalved during the year. Page 15
Hessle Road Network Notes to the Financial Statements- ¢ontinued For the year ended 31 March 2024 7 TANGIBLE FIXED ASSETS Leasehold Project Property Equlpment Total COST At Isl April 2023 Addltions 1.311,950 67.5CK) 1,379,450 At 31st March 2024 1.311,950 67,5CX) 1,379,450 DEPRECIATION At 1st April 2023 Charge for year 66.914 147 66,914 147 At 31st March 2024 67,061 67.061 NET BOOK VALUE At 31si March 2024 1,311,950 440 1.312,390 At 31st Marth 2023 1,311,950 1.312,536 The trustees have elected not to tomply with accounting standards and have noi depreciated the leasehold property ovei Ihe remaFning term of the lease. As the propertywas linallv fully compleled in 2013 the truslees con5ideied thai by recogThi5ifig an irnpairment in value by charging depTeciation was not presenting a true and lairview arbd accordin8ly have not adopted the relevant standard. The trustees malntaln the bullding on an ongoing basis io ensvre thatno impairrnent tts the tondjtlon of the building occurs. The tru5tee5 3cknowledge thal any reduclion in the value of the propertywould have the effect of reducing restricted reserves by a corresponding amount. Page 16
Hessle Road Network Notes to the Flnanclal Statements- continued For the year ended 31 March 2024 8 DEBTOR5: AMOUNTS FAILING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepaid expenses & acciued Income 2,847 516 3.363 250 7.772 8,022 9 CREDITORS.. AMOUNTS FAILING DUE WITHIN ONE YEAR 2024 2023 Trade (reditors Accrued expenses 912 3.243 4,155 1.480 2,696 4,176 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unre51rlcted Restrlcted Fund3 Fund5 Toial Funds Tangtble fixed assels Cuirent assets 1,312,390 1,312.390 80,201 268,823 4.1551 188,622 4.1551 Net assets at 31st Mar¢h 2024 184,467 1.392.591 1.577,058 Page 17
Hessle Road Network Notes to the Financial 5tatements- continued For the year ended 31 March 2024
MOVEMENT IN FUNDS
At In¢on)InB Outgolng At 01.04.2023 Resources Resour(es Transfers 31.03.2024 General funds 103,888 34,585 45,565 1 19.4021 73,50S Des58nated funds Property fund Redundancy fund Young peoples, fund COVID-19 Funding Total unrestrl¢ted funrls 35,O)0 50,(KIO 990 35.000 65,000 990 9,971 184,467 Is,0 9,971 199.849 34,585 45,56S 1 4,4021 Big Lottery Fund- Year four Big Lottery Fund- Year one Big Lottery Fund- Year two Nalional Lottery. Know Yolsr Neighbourhood Capital fund Capital fund 11 Hull City Council Hull City Council - 202312024 The Sirjames Reckitt Charity- 2022123 Henry Smith - Year two Henry Smlth- Year three Mccain Volunteer- ProBramme three Small Trusts & Grants HAF Craft boxes Garfield Weston Affordable Warmth Children in Need CHCP Donalion Two Rldlngs- Iwill Two Ridings- COL fund Total restricted funds 3,301 25.071 1 3.3011 40.361 42,878 29,130 65,432 13.238 21,595 29,640 7,535 39,596 1,263,298 39,596 1,263,298 8,663 8.663 65,609 8,101 41,918 7,971 6,314 9,006 3,575 16,832 9,950 2,361 65,609 8,101 17.168 24,750 25,500 17,529 693 9,864 7.007 1.340 13.406 3,575 25,OQK) iO,OLY) 15.OCKJ 4,124 8.168 50 12,639 3,579 3.579 io.ocKJ io,(K)o 3,000 293,565 3.000 298.209 1,383,545 4,402 1,392,591 Total funds 1,583.394 332,794 339.130 1,577.058
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Hessle Road Network Notes to the Flnancial Statements- contlnued For the year ended 31 March 2024 12 MEMBERS The tompany is limlted by guarantee and therelore has no share tapital. In ihe event of the company belng wound up. the contribution of each memberand rmnbers reslBnln8 In the previous year is limited to £1. 13 ULTIMATE CONTROLLING PARTY In the opinion of the difeetors no one party controlled the companyduwirbg the year under review. The company is controlled by Its membeis who are the tfustees named in the Company Information. 14 CONTINGENT LIABILITY In the event of the company beSn8 wound up or no longer be able tooccupythe buildln8, the fixed asset, leasehold property would revert In ownershlp to St John'5 Church and Hull Cit¥ Council who provSde(5 the land lor the construction of the bulldln8. Pa8e 19