Hessle Road Network {A company limited by guarantee) Report and Financial Statements For the year ended 31 March 2025 Re8i51ered Company Number: 4360117 IEngland and Wale51 Registered Charity Number: 1097519 Hessle Road Network Contents of the Finantial Statements Foi the ear ended 31 March 2025 Page Company InformatK)fb Report ol the directors Ilncluding the Trustees. Report) Independent Examiners Report StaternÈni of Financial Activities io lance Sheet li Notes to Financial Slaiements 12-19 Hessle Road Network Com For the an Information ear onded 31 March 2025 CHIEF OFFICER & SECRETARY= J. Rob¥n5011 REGISTEREO OFFICE.. Network Young People'5 Centre l Ma55ey StreÈt Easi Yoikshire HU3 3LA TPUSTEES.. RÈ¥etÈnd M Hills L Tock C DoTrnÈlly RÈsigned 2010712024 M Woeben T Hemming-Tayler D Hamilton P Longlev Appointed 2110112025 INDEPENDENT EXAMINER.. JOD Loster FCCA Enterprise (hariered Certified Accovntants 8 Ca511e8aie Doncaster DNII 9QU BANKERS: 8ar¢lèys Bank Plt PO Pox 11 Hull Grwpol Branche5 Hull HUI 2JB Page I Hessle Road Network Re ort of the Directors Includin the Trustees, Re For the ear ended 31 March 2025 orl The trustee5, who ore a150 directors of the tharity for the purpose5 of theCompaniÈs Act. 5ubmil their annu31 report ind the financial staternents lor the yeaf ended 31st March 2025. The irustee5 have dopiÈd ihe provisions of ihe Statement ol Rerommended Praciice ISORPI IFRS 1021 issued in 2015 In preparing ihe annual report and ftnan(ial staiements ol the charitv. The charity Is a charitable company and 15 lirnitÈd byguarantee. The charitY'$8oveming documtnr is Its Memorandutn and ArticlÈs of Association. whith ie5trtct5 Ihe charii¥'s operationsto all lawful aits as are necessary or incidental to its Objects. Trustees. responsibilitiÈs statement Company13w requires thÈ trustÈÈs to prepare firbancial 51aiements for each finawal year which give true and lair View of the 5tatÈ of affairs of the charitable cornpèny and of theincoming resource5 and application of resources, including the income and expenditure. of the charitable compdrty for the year. In preparing ihe financial 5taletnpnts. the Lrusiees are req￿lled to.. select suitable accounting policiÈs and then apply them consisiently.. observe the methods and principle5 Iti the Chariiies SORP,. - make judgemenls and estim3te5 that arÈ reasonable and prudent.. - stale whether applicable UK Aciounting Standards have bÈen followed. svbiect to arby material depariures disclosed and explained In the financial staletnÈni- prepare the financi315tateffleTrl5 Oll the going£oncein bksis unless it 15 inappropri3teto presume that the chaiitable company will Conlinue In operation. The trustees are responsible lor keeping adequate accounting records thèt disc105e viiih reèsonabl aCCLJracy at any lime the financial position ol the chaiitaNe company and enable Ihetn to ensure that Ihe fiiiancial stalernenls comply wilh rhe CompaThie5 Ail 21K16. They are also responslble for safeguarding the asse15 01 the charitable company and hence for laking reèsonablo steps lor ihe prevention and detection of f¢aud and other irregularities. Structure. governance and Monagement The trustees have respoTrsibili¢y to dirett the charirfs afiairs In such a way asio plomole ihe Objerts. Doy to doyrnJnogernent The day to (lay management of the charily is iarriEd ovt by the Chief Olficer. responsible to the Executive ComniiitÈe n)ade up of ihe trustee5 of tho conipany. General meetings are held bi.monthly to discvss matters and lor detlslon m3kin8 Meetin85 are carried OLII in line with thÈ Aiiicles of Association of thp tompany. Other major ioles in the charity include the finance dsre(torldeputy chiEf offjcer who performs accounling duiies. PaEe 2 Hessle Road Network Re ort of the DirectOT5 includin the Trustees. Re For the ear ended 31 March 2025 OTI - Continued Slru¢iuretr goverhahce and management continued Recruitment ond training of trustees Trustees are recfulted based on iheir knowled8e and experience in the 5eryites Ihe charity prowdes to meet its objective5. No formal tiaining is provided to new irvstees given theiiexisting knowledge. Training is available should it be required. Riskmoni7gemeni The board of irustees have overall responsibility for ensuring that the charityhas èppropriate systems ol contro15. linanci31 or olherwise. They are also responsible for keeping proper accounling records. for safeguarding ihe assers of the charity and for iaking reasonablo steps fortheprevention and detection of fravd and other iriegularilie5 and to prwde reasonable assurarKe that.. Thp charity is operating efficiently and elfeclively The assets are safeguarded against unauihorised use ordisp051tion Proper records are mainiained and financi31 inlormation used wiihin the charityreliable The charity cornplies with relevant laws tegulaiions Risk review The trustees have conducted 3 rewew of the major risks to which the charityis exposed and appropriate 5V5tems have been establishÈd io mitl8aEe those risks. Signihcani external risks to funding have lead to the development and implementaiion of a slraleg¢c plan. Thi5 will allow lor the re-direction of funding and some aclivitie5. Internal risks are minimiserf by the implernentation ol procedures foT auihorisaiK)n ol all tran5aCtion5 and projec15 to ensure consisieni quality ol delivery for all QPPTation31 aspects of the charity. These procedures are constantly rÈ¥iewed to ensure that they still D*et thÈ needs ol the Objectives and activiiies The charity's objectives as slated in the cornpan(5 Memorandum and Article5 orAss￿latIOn are principally for Ilie benefil of the community in the area surrounding thefentre. Henlth To prDwde or assist in providin6 13cililies. 5erwies or assisiance to persons whoare 38ed. who have mental or physical disabilities or who are chronically sick.. - To promoiÈ good hÈalih and the rÈliel ol sicknes5- Sociol t&re To provide or impro¥e or to assist in proYidinE or irnpioving. in the interestsof social cafè. and rmproving tht ttrnditions of life of ihose in the area. soti31. recreational or leiyjie tinie facililies and in partitular for thosÈ who fiÈed thosÈ facililies because of their youth. age. infimiity. disability, poverty or social and econotnii iiicumsian£es. Hessle Road Nelwork Re ort of the Directors includin the Trustees. Re For the ear ended 31 March 2025 continued Objeclives and acti¥Sties coniinued SociolcGre continued To promote the elimination of s(Klal exclusion and discTirninaiion,' - To promote gDod communily relations beiweÈn both individua15 and or8anisations knih insido and oul%de the area.. Edu¢otiop> ond rioinirtg To advance educaiion., - To provide or a55isI in prO￿dIng and imwoving access to trainingand as50(ièiÈd lacilities.. Employrn¢firondenterprise - To relieve unemployment in such ways as may be thought fit. incluLling asstsling people io find employment, providine employmÈni opportunities or pro*iding unemployed people with work experience.. To prO￿de or as4st in pro¥iding linancral asslstance. tethnical assistance orbusiness advice or consu1tanty in order io provide tfaining and ernploymeni optxytunilie5for unÈmployed people in ca5e5 Qf financial or oihet chariiable Treed through help,. In seitin8 up Iheir own business.. or To existing business.. Ertvironment - To promote the conservation. protection and itnprovemellt of the phygcal and nalural environrneni and access to open space.. Other To promote any other charitable purpose. Eoiifjlopporrunltle5 In fiirtherÈntÈ of the Objec15 the charily shall at all timÈs 13ke inio consideralvn tlhts principles of equalily of opportvDily irrespective of age, gender, r￿e, colour, nationality. eihnic origin, religion. sexual orienlalion w disability. Public benefit Tlie triistee5 confirm Ih3t Ihey have paid due regard to Ihe Charitie5 Commissiofft guidance on piiblir benefil in decidine ivhich aitivities Hessle Road Network should U￿e￿￿ko. The 3rea the chèrity serve5 Is charatterbsed by severe levels of urban deprivation and therefore rhere is little opportunity for members of the comfflunity to develop skills or be provided wilh informBtion on health and social care services. The work the charity Chrries oiit with 5thoDls lias given incie8sÈd access to those services. Page4 Hessle Road Nelwork Re ort of the Directors includin the Trustees. Re For the ear ended 31 March 2025 ort continued Chair's Report 2024125 A5 in previous yea¥5 we continued to di¥ersilyour offering toyovng peoF4E and adulls living in our communily by responding to their ever-chonging Treeds and the local enwronrnent. Our coinmunity project continue5 to grow from strength to Strength supporting adults of diflÈrent ages with many very tomplex and multl-5tranded issues. Thi5 mean5 thai. withoijl oursupporl. they would have to try to navigète multiple complex systems to access rnorespecialised Support while many ol these agencies are themselves working beyond capacity. 8y supporting our service Users to navigale thesÈ complex systems. advoiate on ihÈi¥ behalf and walk lty their side. they feel encouraged and tnotiyatod to keepRolns and making positive steps for%rdrd unlil they can a£cess the 5UPPOrt ihey need for longer-tem change. Our work with young peO￿e confinues lo flouiish and we get an enormous afflount of pleasure from seÈlng young people grow and develop into young adults_ Raisin8 a5piratsons and broadening young people's horizons ¢ornlinues io be our focus. One of the ways Ihatwo do thls Is by making 5urÈ Ihai young people's voices are heard- in our project, in Ihe commuThity and in the wider world. This is a vital elemènt of oui work and it builds an enormou5 amDunt ol confidence and sÈlf-esteem ès young people recogni5e that ihey and thÈir ¥iew5 fflaiier. they are listened to and tlieir wishes and feelings are acted OTh. One of the main things that our service users sayabout how they benelii frorn our support is that 11 Isn't time Iimiied. The support thal we provide vaftes greatly f¢om person to pÈrson and it cli3n8es over lime, according to their need5. We feel very prNtleged to be awe to say that we are now supporting adults who attended our youth session5 20 yeèis ago. and who now have lamilios of their own. They lell us that ihey know we're here il they need us Jnd theycan come back at any lime and thi5 means 3 great deal to ihom. and to us. The depih ol our rdationships èjid the trusi Ihat people have developed in us tnean5 Ihat %vhÈn people need suppori. Ihey gel the best 5vppori because. the￿re bone5t about thÈir circumstances and we can respond quickly and'hil the groiind running,. A1101 this saves limÈ and money for specialised sei¥iÈes. demonstraiing the v3luÈ of projects like Hessle Road Network. Our m05t recent Social Retum on InYe5tmeni ISROII calculatioii revealed Ihar for every £1 invested in the Hessle Road Netiv(Hk E56.9) 15 Saved to the public purse- remarkably Ihat'5 over EJ4m per yearl Page 5 Hessle Road Network Re ort of the Directors in¢ludin the Trustees. Re For the ear endtd 31 March 2025 ort continued Chair'5 report- Continued As ever I must ackTrowledgÈ the support that we ￿ceNe from our volunteers. supporters and lunders. Our dedicated 3nd loyal volunteers provide a warrn weliotne at the projeii and in our charity shop, and keep the supplies of lea, collee and biscuits flowing- they deservÈ our heartleli thanks. Our wondèrful supporters donaie resources. charity shop items, Christmas gifts. sialf lime. decorating tnaieria15 and food, all of whKh help5 to keep us going and allow5 U5 to supw)rl the community in way5 that we coukl never afford to otherwise. Many of our supporters also ¥ai5e fund5 whith help5 to sustain ourwork. and lor all ol (his Ive are eleinallygratelul. Our funders have enabled us to not only keep ovr project open. but have supportÈd us to Ènable it to flourish and carry out Sotne greai workwithin the community. Your support throughout a very challenging economic lanilscape is remarkèbleand we cannot thank you enough. Finally, rny lellovi Dire£lors exlend ourenormous appreciation io our stall tÈam for their professional and enthusiastic commitmenf to Hessle Road NÈtwork. It Is a pleasure to work with you all. On a person31 note, my thanks 3150 8oe5 to eath of the director5. all volunteers thÈmselves, forgiving $0 eenÈrou51y of their lime. skills, experience and adviie. l am honoured io serve with them. In Conclusion l am leEally required io Include the following inforrnalion aboulourfinancial ￿serVeS. Page 6 Hessle Road Network Re oit of the Directors inrlvdin the Trustees, Re For the ear ended 31 March 2025 ort ¢ontinued Chair's report- Conlinued General Reserves In order to underpin our IoDB-term commltments and cover runnin8 cos15. H￿SleRoad Nelwork holds funds in reserve which can be used to maintain our service lor an interim perN)d durin8 è gap in funding or whilst we implemeni an Èxit Sliategy_ We currently hold É84.088 in gÈneial reserves. It is our aim to hold suflicieni Ivnds in general reserve5 to cover a six-monih period of expetKlttvre. As there are currently insufficient funds in our general resÈtves. the Boaid of Directors a￿￿￿ èi Ihe end of each financial year il. and by liow much. to LOP UP the funil. Oes nated ReseNÈs Hessle Rtrad NÈiwork has designated reserves which are vs,_Nl for speclfK purFoses. We curiently have a redundancy l(Ind to cover staFf redundancy cosis (Currently holdine E65.0001 and a properly fund to cover the cost of m3inlaininE and refuibbshing our purpose-buili 6, lor the yÈar endec5 31 Marth 2025_ No membe¥ ol Ihecompany lia5 dpposited a llotice pursuant to sectioTr A76, ie4uiriTrE an audit of ihese accounts. ThÈse financial 5tatemenis were approved by the trusiees on 21 October 2025 The directors have acknowledged their responsibilitie5 for preparing account which 8ive a true nd fdir vie¥v of Ilie Cornpany and ol ihe profi￿OsS (which ever is applicable for th? year the ended in èciordantÈ vjiili Ilie requiremtnl5 01 ihe CompaniesAtt 2006 and which otherwise comply with the requiiements of this Act relaiing to arcounls. 50 far as applicable lo Company. The director5 liave 6cknowledgp.d iheii responsibilities for ensuring that the CompaTrykeeps aitouniing records which comply with the Companies Aci 2(M)6. Director Dale= 21 October 2025 Page Il Hessle Road NelwDrk Note5 to the Financial Statements For the yeai ended 31 March 2025 I ACCOUNTING POLICIES Basls ol accounting The financial sièiemenis have been prepared under the hlstorical cost tonvention and accordanie with 11)e Financial ReportinE 51andard lor Srnaller Entities lelfeciive January 20151 and ivilh the A¢£ounting and Reporting by.. Statemenl of Recommended Praciice lissued in January 20151. Going concern The fifiancial slaiemÈnts have been prepa￿d on a goin8 concwn basis. The companrfs attivities are dependent upon the continued supporl ol it5 key lunderswho have undprlaken te provmle such support lor the foreseeablÈ f￿1￿￿e. If the goin8 concern basiswere not appropriaie, adjusttnenis would have to be made to rÈducÈ the value olasseis ro iheir recoverable values. to pro?￿de any fvrthÈr liabililiès thal rnèyorise and reila55ify f￿Ked asseis 10 current asseis and long ierms liabilities to ash flow st&tement The rrusree5 have taken advantage of the exÈmption in Financial Reporlin8Stand3rd No. 102 from incliiding a cash Ilow siaiemenl in the linancial statementon the grounds Grants receivable RÈveniie grants are treditÈd to ihe Statemeni ol Financial Aclivities in the year for which Ihey are received. Taxation The company is a registered charily and il$3ctiviliesaie noi subject to taxaiion. TaThglble fixod assets TanEible fixed asse15 are 5tatpd èi cost less depreciation. Depreciaiion 15 provided at fates calculated to wriie off thecost less Èstimaled residual valve of each 3sset ovei lis expeited Leasehold property Project equipment Not depre(i3ied 25% on cosi Staff Costs and overhead e¥penses Stall cos15 and Ovefliead expenses are allocated to 3£tivilies on Ihe ba5i5 of iirtie spent unless otherwise identified to a particular fiind. Page 12 Hessle Road Network Note5 to the Flnancial Statements- continued For the ear onded 31 March 2025 Fund Accountlng Funds held by the chariry are either.. Restricted funds- these are funds thèi tan only be used for a pèrlicular re5tricied purposos within the objetts of the charily. Restriclions arsse when specified by the donor or when funds are raised for particular reslr¢cted purposÈs. Unrestricted funds these are funds which can be used ai the organIsat￿'S￿lsCret1oD in ccordance with the objecis of Ihe charity. OesiRnated funds- these funds comprise urbrestficted funds that have been set aside by the trustee5 lor resir1cl￿ piirp05es. 2 Proje¢i delivery income Urtrestricted Restrfcted Total 2025 Total 2024 Disclosure and 8arring Service ID851 Youih & Commlinity Work 10,535 JO.5as 65,609 76.144 13,126 65,609 78.735 65,609 65,609 10,535 Grant income Unrestrirted Restricted Total 2025 Total 20Z4 Revenue EraAts Capital grants 1,089 321.814 322,903 232,600 1.089 3ll,814 322,903 232.600 Page 13 He551e Road Nelwork Notes to the Flnancial Statements- tontinued For the ear ended 31 March 2025 3 RESOURCES EXPENDED- CHARITABLE ACTIVITIES Unrestricted Re5lritied T0131 2025 Tolal 2024 Wages and salaries Activities and even15 expen5e5 Disclosure 3nd Barring Selvice ID851 Premises costs 5,253 246,344 23,870 251.597 23,870 4,510 40,477 5.881 258,672 25,71J) 6,277 38,494 7,480 49 iio 4.510 i.oiz 147 39.465 5.734 Travel expenses Sundry expenses Depreciation 439 315,857 439 326,779 147 336,929 10.922 4 RESOURCES EXPENDED- GOVERNANCE COSTS ilnTe5triited Restricted Total 2025 Tolal 2024 Legal and professional lee5 Independent examiners fees 5.621 1,950 7.571 5.621 1,950 7,571 ?IK) 2,001 2.201 Page 14 Hessle Road Network Notes to the F5nancial Statements- contlnued For the year ended 31 March 2025 5 NET INCOMING RESOURCES Net incoming resources lor the year is stated after char8ing: 2025 20Z4 Depre£iatlon- owned assets 439 147 6 Information on Dlrectors and employeES The average number ol employees during the yeat was made up asfollrws. 2025 2024 Directors Management and administralion of the charitv Administration Projeti work 19 20 No employee recewed pmoluments of more than E60,0(K). No trustees. remLineralion have been paid or waived duting the year. PaKÈ IS Hessle Road Network Noies to thè Flnancial Stalements- continued For the year ended 31 March 2025 7 TANGIBLE FIXE D ASSETS Leasehold Prole¢i Property Equipment Total COST Al 1st April 2024 Addiiions 1.311,9SO 67.SCKI 1,379.450 At 31st March 2025 1.311.950 67.5(Xl 1.379.450 DEPRECIAfioN Al 1st April 2024 Charge foryÈar 67,061 439 57.061 439 At 31st March 2025 67,5 NET BOOK VALUE Al 31st March 2025 1.311.950 1,311.950 Ai 31st March 2024 1.311.950 439 1.312,389 The iru5tee5 have elecied not to cotnplywilh accounling standards and have nor depieciaied the leasehold properly over the retnaining ierm ol the lÈase. As the properly was finally fvlly completed in 2013 ihe trustees considored Ihat by reco8ni5in8 an impairtnÈnt in valLbe by £har8inJ depreiiation was not pfe5enling a tlue and lairv¢ew andaccordingly have not adopied the relevant 51èndard. The trustees maintain the buildine on an ongoing basi5 to eThsure th31 noinipairtllEnt to the condiiion ol the bvildinB occuis. The trusiees acknowledge ihal any reducliDt5 in the value of the propeilywwlJ have the effpct of reducin8 Tesiricied reseryes bya correspofidin8 amounl. Page 16 Hessle R03d NetWOTk Notes to the Financial Statements- conlinued For the year ended 31 Marth 2025 8 DEBTORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepaid expenses & accrued incorne 43,325 7,867 51,192 2,847 516 3,3G3 9 CREDITOR5.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accrued expen5e5 È91 3,416 4,307 912 3,243 4.155 10 ANAIYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlded Restritted Fund5 Funds Tolal Fund5 Tansible lixed 3ssets Current a5seis 1.311.950 1,311,950 159.382 347.777 4.3071 188.394 4,3071 Net assels at 31si March 2025 184.087 1.471.332 1,GS5.419 Page 17 Hessle Road Network Notes to the Finantlal Statements- continued For the year ended 31 March 2025 # MOVEMENT IN FUNDS At Intoming Outgoin8 At 01.04.2024 Resources Resources Transfers 31.03.2025 General funds 73,506 18.064 18.493 10,440 83,517 Designaied funds Property fund Redundancy fund Young peop1ps' fund COVID-19 Funding Total unrestricted funds 35,orMJ 65,000 990 9,971 184,467 35,000 65,(X)O 571 4191 1 9.9711 50 18.064 184,088 Big Lottery Fund - Year two Big Lottery Fund- Year three National lottery- Know Your Neighbourhood Capita1 fund 29,640 42,877 84.550 15.070 72.517 13,415 22,605 71,135 7.535 39.596 1.263.298 39.596 1,263,298 Hull City Council 2024125 Henry Smith Year three Henry Smith Flex Fund Mccain Volunteer- Programme three Mccain Volunteer- 202512026 Small Trust5 & Grants Garfield Weston G3rlield We5tcn- Year two Affordable Warmth Childfen in Need Children in Need- Year two CHCP Donalion Sir james Reckitl Charity UK YoLilh ForLlni Healih Promo Events Total restricted Illrtds 65.806 25,51M) 49.SLW) 65,806 43.029 8,379 693 17.529 41,121 693 16.(MX) 19,703 8,000 6.282 9.864 8.168 23.285 8.168 14,(KJO 25,O¢X) 11,000 50 12.639 501 12,639 15.(KN) 15.000 3.579 3.579 15.000 i.ioo 3,642 315.857 1 15.0 17,0(K> 3.642 394.648 J5,900 1.392.591 501 1,471.332 Total funds 1.577,058 412.712 334.350 1,655,420 Page 18 Hessle Road Network Notes to the Financial Statements- continued For the year ended 31 March 2025 12 MEMBER5 The company 15 limiied byguarantee and theielore ha5 Do share capital. In the eveTrl of ihe Company being wound up. the contribuiion ol each mernbe¥ and tnemtrkrs iesigning in the previous yÈar is limited to £1. 13 ULTIMATE CONTROLIING PARTY In the opinion ol thÈ direclors no one parlyfontrolled the companydurin8 the year under rÈview. The cornpany 15 ionlrolled by it5 mernbe¥s who arÈ the trustees naffled in the Company information. 14 CONTINGENT LIABIIIYY In Ihe event of the cornpany bÈing wound up 01 ltsngei be able toottupy the building. the fixed asset. leasehold property would reveri in ownership to Si John's Church and Hull Ciiy Council who piovided the land lor the conslruclion ol the buildLng. Page 19