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← Alex Hogg Memorial Trust Limited

2025-03-31-accounts

Charity Registration No. 1110901

ALEX HOGG MEMORIAL TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ALEX HOGG MEMORIAL TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N Franklin Charity number 1110901 Company number 05469620 Principal address 13 Museum Street York YO1 7DT Registered office 107 Cleethorpe Road Grimsby North East Lincolnshire DN31 3ER Independent examiner A P Robinson & Co (Grimsby) LLP Chartered Accountants 107 Cleethorpe Road Grimsby North East Lincolnshire DN31 3ER

ALEX HOGG MEMORIAL TRUST LIMITED

CONTENTS

Page
Trustees report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance Sheet 5
Notes to the financial statements 6 -13

ALEX HOGG MEMORIAL TRUST LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and financial statements for the year ended 31 March 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and Activities

The Alex Hogg Memorial Trust AHMTprovides housing solutions and services for people with a learning disability or autism so they can live ordinary and independent lives. AHMT provides specialised supported housing designed and adapted to the complex requirements of the people the trust supports. Our services include maintenance, advocacy, guidance and administration on behalf of the people who live in the properties we operate.

AHMT has over 80 tenancy units under management. The portfolio combines shared houses in a supported living model and single occupancy housing. Commissioner support and demand for specialised supported housing continues to be strong and AHMT continues to expand its geographical footprint throughout Yorkshire, Humber and the Midlands and has an appetite for growth.

We are proud of our social impact beyond the core benefits of the housing we provide; we use local trades and small businesses to deliver our planned and reactive maintenance programmes and provide supported employment opportunities for people with a learning disability. We contribute to the local economy with the construction and adaptation of new schemes. We provide a highly personalised and bespoke service to meet the needs of individuals and pride ourselves on the quality, homely environments we create.

Our offering represents great value for money, for both individual tenants and the public purse. We ensure that our overhead and cost base remain lower than the market average but that we provide superior customer service. This remains possible through digital innovation and trusted working relationships with care providers, commissioners and our network of tradespeople.

AHMT is not a Registered Provider of social housing but is closely aligned to the regulatory framework and we share the same values and governance requirements as required by the regulator. We work with our care provider partners to include the people who live in our properties when making decisions as this empowers understanding around tenancy agreements, rent payments and running households as independently as possible.

ALEX HOGG MEMORIAL TRUST LIMITED

TRUSTEES REPORT (CONTINUED) (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and Performance

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. There was no principal funding received during the year. The Charity also holds further investments for the benefit of the charity.

During the year the charity had a surplus of £6,315 (2024: deficit of £45,040). For the year ended 31 March 2025 the unrestricted reserves stood at £371,650 (2024: £365,335). The reserves will be used for the furtherance of the charity's objectives.

The Management Committee has carried out a review and has identified that the major risk to which the charity is exposed is the withdrawal of funding by social services to enable the continued provision of care in a supported living setting setting or a reduction in housing benefit for individuals with a learning disability. The trustees have reviewed the financial position of the Charity and the reserves are sufficient for the charity to maintain the property for a number of years until a change in use is fully established.

Structure, governance and management

Alex Hogg Memorial Trust Limited is a registered charity (1110901) and a company limited by guarantee (05469620). The organisation was incorporated on 2 June 2005 and registered as a charity on 16 August 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr N Franklin

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Management Committee are responsible for the strategic direction and policy of the charity. The day to day running of the charity is delegated to Mr N Franklin.

There are no policies adopted for the induction and training of trustees.

The Trustees report was approved by the Board of Trustees

Mr N Franklin

Trustee Dated:

ALEX HOGG MEMORIAL TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ALEX HOGG MEMORIAL TRUST LIMITED

I report to the trustees on my examination of the financial statements of Alex Hogg Memorial Trust Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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, 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 that in any material respect:

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.

Andrew Robinson BCom (Hons), FCA A P Robinson & Co (Grimsby) LLP Chartered Accountants 107 Cleethorpe Road Grimsby North East Lincolnshire DN31 3ER

Dated:

ALEX HOGG MEMORIAL TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income from:
Charitable activities
3
Other income		 Unrestricted
Total
funds
2025
2024
£
£
846,664
546,354
-
-
Expenditure on:
Charitable activities
4		 846,664
546,354
840,349
591,394
Total resources expended 840,349
591,394
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 1 April 2024		 6,315
45,040)
(
365,335
410,375
Fund balances at 31 March 2025 371,650
365,335

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account. under the Companies Act 2006.

ALEX HOGG MEMORIAL TRUST LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand		 £
146,507
37,485		 2025 £
505,494		 £
78,710
10,955		 2024 £
495,513
10
Net current liabilities
Creditors: amounts falling due
within one year		 183,992
317,836		 133,844)
(		 89,665
219,842		 130,177)
(
Total assets less current liabilities 371,650 365,335
Income funds
Unrestricted funds		 371,650 365,335
371,650 365,335

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on

Mr N Franklin Trustee

Company Registration No. 05469620

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Alex Hogg Memorial Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 107 Cleethorpe Road, Grimsby, North East Lincolnshire, DN31 3ER.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4

Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill shall be considered to have a finite useful life, and shall be amortised on a systematic basis over its life.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings - Not depreciated Fixtures, fittings & equipment - 15% reducing balance Motor vehicles - 25% reducing balance Computer equipment - 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ).

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Critical accounting estimate and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Charitable activities

3
Charitable activities
Rental income within charitable activities 2025
2024
£
£
846,664
546,354
846,664
546,354
4
Charitable activities
Staff costs
Depreciation and impairment
Rent & rates
Repairs & maintenance
Light, heat & power
Sundry
Telephone
Travel & subsistence
Insurance
Bank charges
Governance cost
Bad debts
Professional fees
Legal fees
IT Software and Consumables		 2025
2024
£
£
107,969
72,107
4,496
2,275
329,451
227,200
111,877
93,006
182,214
153,239
748
1,917
14,164
15,961
11,883
4,714
9,208
6,753
2,804
2,348
4,881
4,367
47,087
-
6,359
5,400
4,063
46
3,146
2,062
840,349
591,394
840,349
591,394
Analysis by fund
Unrestricted funds		 840,349
591,394
840,349
591,394

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

6 Employees

Number of employees

The average monthly number of employees during the year was:

Administration 2025
2024
Number
Number
4
3
Wages and salaries
Other pension costs		 2025
2024
£
£
104,736
70,090
1,877
2,018
106,614
72,107

There were no employees whose annual remuneration was £60,000 or more.

Cost
At 1 April 2024		 Goodwill
£
71,498
At 31 March 2025 71,498
Amortisation and impairment
At 1 April 2024
Amortisation charged in the year		 71,498
-
At 31 March 2025 71,498
Carrying amount
31 March 2024		 -
31 March 2025 -

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8
Tangible fixed assets
Cost
At 1 April 2024
Additions		 Land and
Fixtures,
buildings
fittings &
equipment
£
£
487,330
12,015
-
-
At 31 March 2025 487,330
12,015
Depreciation and impairment
At 1 April 2024
Depreciation charged in
the year		 -
9,131
-
432
At 31 March 2025 -
9,563
Carrying amount
31 March 2024		 487,330
2,884
31 March 2025 487,330
2,452
Cost
At 1 April 2024
Additions		 Motor
Computer
vehicles
equipment
£
£
7,850
-
11,129
1,073
At 31 March 2025 18,979
1,073
Depreciation and impairment
At 1 April 2024
Depreciation charged in
the year		 2,551
-
1,788
-
At 31 March 2025 4,340
-
Carrying amount
31 March 2024		 5,299
-
31 March 2025 14,639
1,073

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8
Tangible fixed assets (continued)
Cost
At 1 April 2024
Additions		 Total
£
507,195
12,202
At 31 March 2025 519,397
Depreciation and impairment
At 1 April 2024
Depreciation charged in		 11,682
2,221
At 31 March 2025 13,903
Carrying amount
31 March 2024		 495,513
31 March 2025 505,494
9
Debtors
Amounts falling due within one year:
Trade debtors		 2025
£
146,507		 2024
£
78,710
146,507 78,710
10
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
7,497
305,017
1,213
4,110		 2024
£
2,102
212,716
759
4,110
317,836 219,842

ALEX HOGG MEMORIAL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

11
Cash generated from operations
Surplus/Deficit for the year
Adjustments for:
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
Decrease in creditors
Purchase of assets		 2025
2024
£
£
6,315
45,040)
(
2,221
2,275
67,797)
(
24,236)
(
97,993
64,312
12,202)
(
Cash generated from/(absorbed by) from operations 26,530
2,688)
(

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