REGISTERED COMPANY NUMBER: 06368105 (England and Wales) REGISTERED CHARITY NUMBER: 01124J29 Report of tbe Tru$t¢¢$ and Unaudlted Flnart¢lAI Statements for the Year Ended 31 August 2024 for The Hull #nd East Yorkshlrt Children'5 University Harris Lac¢y ond Swain Suite I The Riverside Building Hessle East Yorkshire HU13 ODZ AE3JISZ7 2810512025 COMPANIES HOUSE A18
45
The Hull #nd East Yorkshire Chlldren's Univtrsity Contents of the Flnanclal Statements for the Year Ended 31 August 2024 Pg¢ Report of the Trustees I to 34 Indtpendent Examlner's Report 35 Statement of Fln&nclo1 A¢tlvltleJ 36 B4lAnee Sheet 37 to 38 Cash Flow Statement 39 Notes to the Csh Flow St)Itement 40 Notes to the Fln•nti*l S¢attmen¢s 41 10 49
HULLAND EAST YORKSHIRE ttIMKJ81 P rL -202q Jaryc
Contents Welcome Grants, Trusts and Corporate Partners What We Do 2023-2024 Monitoring Highlights HEY CU in the Future Tim's Surprise Social Return on Investment Corporates Community and Events Volunteers CLA Programme Looking Ahead Financial performance View our WorK in www.hullchildrensuniversity.com Registered Charity Swale House, 246 Cottingham Road, Hull, HU6 7RS Number: 1124329
Welcome This academic year, we worked with rnore children than ever before, delivering the highest ever number of experiences. This has been made possible by the incredible support that our Funders and partners have given us this year. The dernand For our services has never been higher and so this support has never been more important. We are committed to making every experience the best it can be For our children, ensuring they support aspiration, confidence and engagement in learning and l am extremely excited For the plans we have For the next academic year. Pose James ehief Ixecutive Officer I We are very lucky to have a wonderful i team at Hull and East Yorkshire Children's University. There is an extremely positive j culture throughout the organisation. The increase in activity we have managed in the last few years cali b¥ s¥gii iii uui Report. It is humbling to see the positive I impact that we can have on children's lives | both For their beneFit and the benefit OF Society d5 ia wliulE' Ib Pieh8ra.Field Chair of T,rugLeeg
What We Do A lot hos changed here at HEY CU since we began operoting back in 1996, but one thing remoins the some, our commitment to children and youn9 people growing up in economicol injustice. We will ensure we stoy committed to.. Empowering children, always Our learning experiences are designed with our ACE ethos at the core. They are designed to empower children's aspirations, confidence and engagement., Developing skills, to build aspirations Our HEY CU in the Future business experiences support whole classes of primary school children by giving them an inspiring, hands-on insight into the world of work. Supporting those in need In addition to our core learning experiences. we support Families at Christmas with essentials for their children. We run Breakfast with Santa and Door Step Elves. Il/ Being better, together We believe in working together to create more off an impact for our young people. This year we have partnered with other third sector organisations and are looking forward to do so in future years Placing culture at our core Positive culture is vital and makes us more productive. We follow our culture code to ensure that everyone in our organisation Feels valued and listen to, along with understanding the charity s vision,
2029-2024 Qur most impactful year yeL..- // chi'ldren 15,025_ on 36 Learning E-xperienc-es Business experiences 61 in Hvll & 11 in tlhe East Riding Our Children's Board OF Trustee5 C011515t5 of members From 6 schools Volunteers gave their time to Inspire the next generation / ¢Jé' Children had Breakfast o:,, With Santal 30 Families were supported by Doorstep Elves Tim's Surprisesj ¢d sc-hools surprise on received parcels FundraiseTS taking on - challenges Get Caked, 5*ydiving, Abseiling and 'lhe Hull 10k raised £8 500
Corporate Partners SAAF EDUCATION $et¥ice5 543 BECKER an. Clau8htons Is Langu8 isEverything HOBSON PORTER reckitt DUI¥8TON BPOWZI QILIJIP Al3P ASSQCIATEO BRifisM POATS servicen(aw. l. hdAIIK ISfrAF(X)I)SI ITD, GGP 4Sewell CONSULT ¢QN5ULNO IMts1o riroup Northern Gas Netwofks ITNIVFIISITY .fHULL FAST RIDING COID PIATINUM Grant and Trust Funders The John Armitage Charitable Trust | Chaolner Children's Charity | The Angus Lawson Memorial Trust Two Ridings Community Foundation | Nuiture a Child | The 29th May 1961 Charitable Trust Garfield Weston Foundation | Pavers Foundation | The Joseph and Annie Cattle Trust The Charles and Elsie Sykes Tru5l
Highlights Winners at the Charity Film Awards This year's awards saw record numbers OF votes and people attending the event so to be shortlisted was a huge success for the charity, but to win the award is just amazing - the first Hull charity to do so. TfLI>HOI KCOM go GOLD and gift a phonebox chi dre's .JIvT? The launch of our "Hull Ambassadors" phone box is a wonderful way to mark our partnership and gives local families the chance to Follow our Hull Ambassadors Trail to Find out all about some OF the most inspirational people from our city. Lord Mayor's Appeal We were thrilled to be named as one of the chosen charities for the Lord Mayor of Hull appeal. The appeal will involve several events being held over the course of the year to raise funds for the charities.
Highlights Bransholme Cluster Programme Launched In 2021, we launched our pilot 'cluster" programme in North Hull with the support of the University OF Hull and this has proved extremely successful. The changes that have been reported in the children that have taken part have been remarkable and having the chance to experience multiple Hull and East Yorkshire Children's University trips has created opportunities For the children to learn new skills that they may not have learnt in school: discover talents that they didn't realise they had and see places that they would have never had the chance to see. Thanks to a significant business donation, 2023 saw the launch of our second cluster style programrne, this time in the Bransholme area OF Hull. Bransholrne is one of the most socioeconomically disadvantaged areas in Hull and we wanted to build upon the success OF our other cluster to ensure that children in this area experience as much as possible in one year. The cluster forrnat is a more intensive programrne, with Year 5 children each attending 4 OF our experiences in one academic year. Tripg are uJh8t we all remember from our school d8yg.' If uje truly utilige them for the benefits they hold. the long-lastin9 effects Could be transformative. ILlYthe. 2029.
HEY CU Children's Board At HEY CU, we understand the importance of children's voices and are committed to Finding ways to increase participation. One way we do this is through our Children's Board of Trustees: an elected group OF local schoolchildren, representing different areas OF Hull. After meeting with the Deputy Lord Mayor For lunch at the Guildhall. the children were introduced to the idea OF how they can use their voices to make a change. They trialled our Spurn Point experience alongside staff from the Matthew Good Foundation, who had funded several OF these experiences across the academic year and fed back their thoughts The biggest responsibility came in March, when the Children's Board invited our business partners and other representatives to say thank you. 'Kids Say Thanks, was extremely successful: there was not a dry eye in the room! The children have even recorded a podcast at INIT Creative, docurnenting their journey, which you can check out on our YouTube channel! They are looking Forward to retaining their positions for their Final year of primary school, having even more of an influence on the experiences of the children we serve.
utjog NE "Pegearch from the IduC8tion and Immoyerg 8gkforce Shows that a Person ujho has four or more me8nin9ful encounterg ujith an employer ig sc/ less likely to be unemployed or not in eduC8Lion or trainin9. Our 'HEY CU in the Future, branch OF business visits was particularly successful, with 36 experiences offered by local companies. Aiming to broaden children's understanding of the world OF work and the oppurtunitle5 dvailable, Ccll'ouse15 of activities covered different aspects of business-life, From health and saFety to HR, and From manufacturing to distribution, Always varied and engaging, we appreciate the support OF the business community in helping to deliver these unique learning experiences. Aix, Illl PREMIUM
Tim's Surprise Designed to honour the memory OF our founder, John Buttrick's, son, Tirn's Surprise aims to bring an extra bit OF sparkle to the lives of children who have experienced significant adversity. This could be (but certainly not limited to) bereavement, serious illness, considerable caring responsibilities etc. Primary schools were asked to nominate a child, whom they felt deserving of something a bit special; we are delighted to announce that we managed to surprise all thirty nominated children across Hull and East Yorkshire with thanks to some very special companies, charities and individuals. Tailored to their specific interests, they have been on trains, had art and craft sessions, pamper parties and football training sessions, seen behind-the~scenes in some OF Hull's most historic and important buildings, and much rnorel With thanks to Becker UK Ltd.. Calvin Innes, Cineworld (Kingswood), Claughtons, Councillor Pritchard, Dolly Daydream's Party Caravan, Hollywood Bowl (Kingswood), Hull Trains, INIT Creative, Let Loosel Makerspace, Reel Cinemas (Hull), Tigers Trust and a number OF individual donors who all helped to power children's smiles through their involvement with Tim's Surprise. TOMQ QoDpPTrogeU
Social Return on Investment The Social Return on Investment (SROI) method shows the value OF the social, environmental and economic irnpact that has been created by an organisation and is able to show that value in financial terms. This makes it possible to weigh social benefit against the cost of investment. The SROI methodology uses a spreadsheet analysis called an Impact Map. Inputs, outputs and outcomes are entered into the map. The relationship between these components is sometimes known as the 'theory of change, and shows how the intervention makes a diFFerence. Other information - indicators, quantity, value (known as proxies) is also entered into the map. Formulae calculate the final value in monetary terms. Every £1 Invested in HEYCU £8.31 in SROI
Corporate Partnership. A special thank you to our 26 corporate partners; committed to making a difference in the lives of underprivileged children living in Hull & East Yorkshire. This continued support has enabled us to reach more children than ever beForel Our business partners sponsor learning experiences for whole classes of children, plus they provide inspirational role models tror the children to aspire to be. This year, more corporate partners than ever beFore have opened their doors to our children and given them the chance to see what 'a day in the life, OF their employees is really like. "I want to work here when I'M older" was excitedly uttered by children after many of our business visits. In addition, corporate events raised vital Funds for our charity including the HEY People in Business Awards, Raymond James GolF Day, plus many more corporate fundraising challenges, sponsorship and donations. We are extremely grateful For every donation whether it's £10 or £10,000.
Community & Events It The Enchanted Forest Ball welcomed 260 partners, supporters, trustees, donors and volunteers to the DoubleTree Hilton and raised £8,000 ri Our First 5-a-side Football Tournament 10 teams OF partners tackled it out to be crowned our first champions.
ABBOTT WORLD MARATHON MAJORS YOVR WOAL AVP4 rr. fjth. TQItO 6OSTO (.0 Ntw YOAK C 62067. roKIo ro#Y• 805TQN Atso 14fW YORK "" TO#¥¢ OOSTON I +lICAGO 14EW YOAK On March 3rd, one OF our volunteers Colleen took on the Tokyo Marathon to complete her mission of running all 6 world majors! In 2019 she got the 'marathon bug, and with London, New York, Chicago, Boston and Berlin under her belt, Tokyo would complete her Abbott World Marathon Majors set. We were honoured that she chose to fundraise for HEY Children's University to mark such a special achievement and Colleen didn't disappoint - she has raised £2,079.85 + £372.60 in Gift Aid!
Volunteers IIiA C Ii ori> -'I'i LSJ Over the past academic, year 131 people have applied to volunteer with HEY CU. 76 of those have completed training and 68 of these new sign-ups have gone on to do a volunteering shiFt, with 32 new volunteers completing miiltriplp. This is an increase compared to the previous year 2022-23 where 22 new volunteers completed a volunteering shift and 6 completed multiple. We have also had volunteers provide valuable ideas and Feedback so that we can add even more learning opportunities to our experiences. 'It was on incredible enjoyable and rewording to learn trawlin9 with the children and stdff. Thls experlence ollowed me to reconnect with my inner child and see the world from the children's perspective., _volunteer, Trawlin9 Experience
HULL AND EASTYORKSHIRE chilclren's Children Loolrfed After (CLA) Progr8mme rr
o h3Fik yo Our work on the Children Looked After Programe is made possible with support from the following." William and Alex De Winton Virtual NORTH EAST LINCOLNSHIRE COUNCIL Childr•en in Need *¥Hull City Council swir4E Ct-4.ARIITAFgl I TRJST EAST RIDING I. O 11 K % H l K . C O U.N c I i. The William's Fund
Background Children in the care system are some of the most vulnerable in our society, and they have oFten experienced significant trauma and neglect. Children looked after are more likely to have low educational attainment, mental health problems, and behavioural difficulties. They re also more likely to become involved in crime and substance abuse. 200 ,There are approximately { ./' primary aged children I and f 2UO secondary aged children looked after by Hull City Council.
2029-202q Our most impactful year yet.-- Children Looked After Programme (CIA) Children Looked AFter came on Learning Experiences £hildrffi on the Lottqrbox programmo thu lèttorbDx club ) BookTrus1 36 tran51tion Kpack5 East fmlini & children attended the Celebration Event 120 SE%SIOTrS r) Ifi , 15 Spwts (D11U Experie0% welling paik5 Move Experionce - SleP . 5 Indusby I CeTcEr
Letterbox Club Many children looked after have not had the early exposure to books that other children may have had, they are often reluctant readers and behind their peers in reading ability. the letterbox club The Letterbox programme aims to promote a love of reading with high interest accessible books whilst allowing children to irnprove and develop their reading skills in a safe, secure environment. Increases readin9 age Increases Confidence Increases en989ement To monitor progress, the children on the programme are assessed in January and June OF each year using a standardised reading test. A child's reading attainment can improve by up to 12 months in their First 6 months on the programme. This is due to specific targeted intervention. The impact is that children become more confident and engaged in the classroorn as they are able to access all areas ot the curriculum. Reading accuracy and comprehension improves and children develop a love of independent reading. One child on this year's programme is now his school's Reading Ambassador!
Step Up Move On (SUMO) is designed to support a small group OF young people with care experience throughout their econdary and higher education to help build conFidence, selF-esteem and support them to achieve their Future aspirations. Move ¢U? Sle? SUMO creates opportunities, support ond sociol networks, it olso celebrates individuals educotion/leorning success ot their annual celebrotion night, this gives .children and young people the opportunity to shine and made to feel speciol. Thank you for all your support with my Young Person, I would certoinly recommend this service to other carers ond their children. Quote from Corer n¢hmorlt I Bert¢hm•Tk 2 B•nehmrlt ¥ B•n¢hmrk 4 A 51able ieirniffj hm cire Addressini the linklne 1ClM prnyamrn¢ Ind labwi Ma0t ne¢ds oleKh pp11 lllming lo c#ree lTrfNmatioTr IM¢hmarf( S Bentmark 6 fren¢hm4r I B•n¢hmark 8 E1couten illh tmplOyo an Imployees EnCwTrt$wlth onglAulthn¢• el¢9110n
CLA Learning Experiences The CLA programme delivers experiences during half term periods, including some weekends and evenings, to a maximum OF 12 children at a time. This ensures we can support and nurture each individual child throughout the experiences. With a special Focus on the social and emotional development, we provide children with the extr(1 SUPVUI t Iieeded to Flourish in each environment. Working closely alongside proFÈssionals, we provide the stepping-stones to raise children's confidence levels, motivation, teamwork and the ability to try new things. We aim to support the development OF trhp.sp children to give them essential skills needed for everyday liFe. Our experiences are delivered by our trained Learning Experience Leads and are supported by a bank OF trained volunteers from various backgrounds. 95A of carers reported 8n incre8ge in motlV8tion in their youn9 Person These experiences can help children to develop their social skills and confidence, and to build resilience. The CLA programme is also a valuable opportunity For children with care experience to make new friends and to develop positive relationships with adults. These relationships can help children to Feel safe and supported, and to believe in themselves. 9QA of children reported feelin9 Confident enou9h Lo Lry Somethin9 new on one of the experienceg
Case Studies Child A, who was new to the learnin9 experiences, was feeling opprehensive about ottending. Having the confidence to ottend her first experience was a huge borrier to overcome. On her first experience, o visit to Forest School, she asked lots of questions on the walk down to the woods and was not sure whot to expect. With little experience of the outdoors, she was worried obout the mud, the insects, ond was unsure how she would fill her time and moke friends. As the doy unfolded, Child A began to overcome her initial worries with the support of the other children and the HEY CU team. She followed the lead of the other children os they explored the area and begon immersing herself in the octivities. This was the first time Child A hod ever ployed with mud, yet ofter some encourogement, the doy was filled with laughter ond exploration os Child A experimented with mud, water ond other natural materials. Child A spent time being present and explored the orea looking for signs of eorly spring. She was foscinated by the freshly sprouted grass ond osked if she could lay down on it. She laid on the grass and wotched os the blue sky emerged from behind the clouds, she said 'This is the greatest doy ever. I feel so relaxedl, Child on CLA Leorning Experience Progromme Child B ottended their first experience ot Goxhill Meadows, o theropeutic onimol form. At first, Child B stood owoy from the group and the animals. With time, patience ond encouragement the child began to join in. By the end of the doy, Child B wos leading a horse around o training orea, guiding It past obstacles ond jumping. He demonstroted o drostic increase in confidence and self-esteem. He finished the doy with o huge smile on his foce and could not believe what he hod achieved. He told thc tcam, "If Jchool wo: likc thi: I would go cvcrydayl" ond aspirod to now live and work on o form when he is older. Child on CLA Learning Experience Progromme
Looking Ahead Evaluation- In line with our new ACE Objectives, we will be revamping our evaluation system, Focusing on both short time and long term impact. In the short term, we will be aiming to take a more intensive approach and tracking change over time. In the long term, we will be looking more closely at our lasting impact when young people are in the final years OF education. Eco experiences- We will open our own ECO classroom where we can deliver a range of environmental and sustainability focused experiences. These experiences will also Focus on "green careers" and the paths to achieve them. We will introduce a new "Eco 8adge" for our corporate supporters to involve them in this new line OF experiences. Added value to our experiences/quality- It is important to evaluate our experiences and look at ways in which we can further the learning aFter an experience has taken place. We will bring on a Learning Experience Manager who will expand our experience programme and increase our oFferinR by creating content to be used back at school after an experience has Finished Propelling platform For children's voices- We strongly believe in giving children a "seat at the table" and listening to their ideas and thoughts about the future. Our Children's Board will continue into il's third year and the current cohort will spend a second year as members. The first year focused on the reasons why it is important for children to have a voice and a platforrn. The second year will focus on opportunities for the children to use their voices to rnake a change.
Finances 2023-2024 £990.000 £978,859 £980,000 £970,000 £960,000 £950,000 £942,449 £940,000 £930,000 £920,000 Income Expendlture Fundr8igin9 Breal6douJn: Community,. Eventsand- SeNice. Giiints Trusts £316,803 £328,371 Corporate and Donations, £245,867
Financial Review and Reserves Policy In the last financial year, the Charity made the decision to align our financial statements year end with that of the academic year end, because of this, last st accounting year reflects a 17-month period from l April 2022 to 31" August 2023. The charity's income and expenditure for this financial year is for a 12 month period, so this should be noted when comparing figures next to the previous financial year. Hull and East Yorkshire Children's University was a recipient of a substantial donation in 2023. The donation has enabled the delivery of new projects. To deliver the new projects, the Trustees have agreed to draw down from the charity's reserves resulting from the donation. This is included in annual budgets and designated funds. The Trustees feel that the financial position of the Charity is considered to be good at this point. Although making a deficit in the year of £36,411, they feel they can explain this due to the planned use of reserves as above, Trustees are particularly mindful of the need to contain the risk that our Charity cannot meet the payments to which it is committed, including significant redundancy costs should our income decline. Maintaining a good level of reserves ensures stability as we continue to grow. The current level of reserves held within the Charity is £1,100,919 which is broken into free reserves of £667,658, designated reserves of £300,000 and restricted reserves of £133,261. The last 12 months have given the Charity time to assess where best to allocate reserves, to have the greatest impact on the children that they work with and allow them to carry out work in line with our strategic plan. Whilst these reserves are unrestricted, the Trustees felt it was important to ringfence some of these funds. As many members of staff have been with the charity for a number of years, redundancy costs would be high if the charity were to experience a significant drop in funding. Therefore, the Trustees have ringfenced some reserves with this in mind.
Following this, the Trustees agreed to allocate £300,000 of our current unrestricted reserves as designated reserves for the following areas: -school experiences -children Looked After Programme -core costs We are comfortable that cash and deposit balances are maintained to be able to meet outgoings and grant obligations from time to time. The reserves policy is reviewed on an annual basis by the Trustees and the CEO. Principle Funding Sources Our principle funding sources are made up from schools, fundraising with local business partners, charitable educational activities and fundraising activities, as well as grants, trusts and private philanthropic donations.
STRUCTURE, GOVERNANCE AND MANAGEMENT GovernRng document The charity is a limited company and is a registered charity, number 1124329. Its governing documents are its Articles of Association and its Memorandum of Association Public Benefit The Trustees hold a regard to CC/CCNI Guidance in relation to public benefit. Recruitment and appointment of new trustees The trustees keep the membership of the board under review and understand the need to have access to a good mix of skills. The Board of Trustees completed a recent skills audit showing that there are no gaps in the expertise of the board. We have an ongoing focus of improving diversity on our board and within our team, Pay and remuneration Annual pay reviews are conducted by The Board and the CEO and are benchmarked using the Annual Charity Jobs Salary Report and the Harris Hill Report. Organisational structure There are 14 roles Hull and East Yorkshire Children's University Ltd: CEO, Director of Operations, Children Looked After Manager, Partnership Manager, Community and Events Fundraiser, four Letter Box Club Coordinators, University Liaison Officer, School and Volunteer Coordinator Admin Lead and two part-time contracted Learning Experience Leads. We also employ 13 casual Learning Experience Leads to meet the demands of our services. The Chancellor of the charity is Rt Hon Alan Johnson, former Secretary of State and Shadow Chancellor of the Exchequer.
The Trustees meet every two months to review the perforn]ance of the charity and review the charity's financial position. The Hull & East Yorkshire Children's University CEO and finance trustee prepare reports for each meeting. Regarding the makeup of the board, regular discussions are held to consider its composition moving forward. Financial forecasting for the year ahead is completed annually and reviewed on a monthly basis with the CEO, finance trustee and accountant. Induction and training of new trustees Each new trustee is issued with a handbook which details their duties and obligations and are closely supported by their colleagues through induction. Additional optional training for trustees is provided by Rollits LLP. All trustees are DBS checked. Related parties Hull and East Yorkshire Children's University has a number of, key relationships with local and national organisations who we are indebted to. We would like to give special thanks to our grant and trust funders, our corporate partners, Hull City Council, East Riding of Yorkshire Council, North East Lincolnshire Council and The University of Hull. We would also like to thank the organisations that provide experiences and release staff to volunteer as mentors as well as funding experiences for the children. Rollits LLP provide legal advice and support for the charity. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage them. The trustees have put in place a risk register, and this is reviewed and re- evaluated annually.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06368105 (England and Wales) Registered Charity number 01124329 Registered office Swale House 246 Cottingham Road Hull East Yorkshire HU6 7RS Trustees Mrs J Adamson Mr R W Dickinson Mr C R Field MsAFoy Mr A G Holmes Prof M C Jackson Mrs R M Truelove Mrs L C Hudson Mrs S D F Johns Mrs W J Newman Company Secretary Rollits Company Secretaries Limited Auditors & Independent Examiners Harris Lacey and Swain Chartered Accountants and Statutory Auditors Suite I The Riverside Building Hessle East Yorkshire HU13 ODZ
Bankers Barclays Bank plc Hull Corporate Banking Centre PO Box 206 10 Market Place Hull HUI IRN STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of The Hull and East Yorkshire Children's University for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue In business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware; there is no relevant audit inforniation of which the charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infornlation and to establish that the auditors are aware of that information. AUDITORS & INDEPENDENT EXAMINERS The auditors, Harris Lacey and Swain, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on . and signed on the board's behalf by: MrCRFiel rustee
HULLAND EAST YORKSHIRE cli dro Registered Charity Number: 1124329
Independent Examiner's Repor¢ to the Trustees of The Hull #nd East Yorkshire Childrett's University Independent txaminer's repor¢ to the trustees of The Hull and East Yorkshire Children'$ University {'tht Company'} . I report to the chaTity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Re$ponJibilitie$ bagis of report As the charity's trustees of ihe Company (and also lis dir¢eiors for the purposes of company law) you ar¢ re5POt)sible for the preporation of th¢ accounts in a¢cordance with the requirements of the Companies Act 2006 ('Ihe 2006 ACV). Having satisfied myself that the accounts of rhe Company are not required to be audited under Pan 16 of the 2(K16 Act and are eligible for independeni examination, I report in respect of my examinatiott of youi chariry's accounts as Carried Oul under Section 145 of the Charities Act 2011 ('the 2011 Ac¢')- In ¢arryin8 Out my examinalion I have followed the Directions given by the Charity Commission under Section 145(5) {b) of the 201 l Acl. Independent examlner's stattment Since your charity's gross in¢ome exceeded £250,000 your ¢xamin¢r must b¢ a m¢mber of a listed body. I can Confirm that l atn qualifi to und¢rtkk¢ the examination be¢guse l am a member of the Institute of Chartered A¢countants in En8land and Wales, which is on¢ of ihe listed bodi¢$. I have compl¢ted my ¢xaminalion. I confum that no m8tters have ¢om¢ to my attention in connection wilh the examinarion giving m¢ cause to b¢li¢v¢: accouniin8 r¢¢ords w¢r¢ not k¢pt in r¢spect of the Company as requir by Section 386 of th¢ 2006 Act. or the accounts do not accord with ihose records. or the accounrs do not comply wilh lh¢ a¢counting requiremenis of Section 396 of th¢ 2(Ki6 A¢t other than any requirement Ihat rhe accounts give 4 true ond fair view which is noi a matter considered as p4n of an independent examination: OT the accounts hav¢ nol be pr¢par¢d in Accordance wilh the mcihods and prin¢ipl¢s of the St8t¢ment of Recommended Practice for a¢¢ounting and reporting by charilies (applicable io ¢hariti¢s pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I bave no con¢¢rns and hav¢ ¢ome across no other matters in connection with th¢ ¢xthmination to whi¢h attention should be drawn in this r¢port in order io en8bl¢ o prop¢r understanding of lh¢ accounis 10 be r¢&ch¢d. Laura J Drew The Institute of Chartered Accoufttants in England and Wales Harris Lacey gnd Swain Suite I The Riverside Building Hessle East Yorkshir¢ HU13 ODZ Date.. 21 l.o.s. 1i.o.£S................ Page 35
The Hull and East Yorkshirt Children's Universlty S¢a¢¢ment of Finan¢ig1 A¢tivities for the Year Ended 31 August 2024 Period 1.4.22 to 31.8.23 Total fjjnds Year Ended 31.8.24 Total funds Unrestricted funds Restricted fjjnds Notes INCOME AND ENDOWMENTS FROM Donations and legAcies 330.217 232,454 562,671 1.672.839 Charitable ietiviti Cbarilable Expenses 253,551 ,584 255,135 398,682 Oiher trading aclivilies Investhient income 73,236 73.236 173.728 415 Total 708411 234 038 2 245 664 EXPENDITURE ON Raisin8 funds 19,340 19,340 55.676 Charitable actlvlties Chariiable Expenses 810,719 146,386 957,105 1,390.248 Other Tot*1 832 473 146386 978 859 1453 604 NET INCOMEI(EXPENDITURE) (124,062) 87.652 (36,410) 792,060 RECONCILIATION OF FUNDS Total funds brou8hi forward 1,091.720 45,609 1.137,329 345,269 TOTAL FUNDS CARRIED FORWARD 967 658 133 261 1100919 1137 329 The notes forni part of these financial statements Pag¢ 36
The Hull and East Yorkshirt Children's University (Reglstered number: 116368105) Bal*nce Sheet 31 August 2024 2024 Total funds 2023 Total funds Unresiricted funds Restricied fijnds Notes FIXED ASSETS Tangible assets 13 661 661 13,392 CURRENT ASSETS Debtors Cash at bank and in hand 14 17,090 1017.363 17,090 166 773 12,762 1,247,643 149410 ,034,453 149.410 1,183.863 1.260,405 CREDITORS Amounts falling due within one year Is (67,456) (16,149) (83,605) (136,468) NET CURRENT ASSETS 966 997 133 261 1100 258 1 123 937 TOTAL ASSETS LESS CURRENT LIABILITIES 967,658 133.261 1,100,919 1,137,329 NET ASSETS 967 658 133 261 1 100919 1 137 329 FUNDS 16 Unrestricted funds.. General fund Designated funds 667,658 300 000 ,091,720 967 658 1091720 Restricted funds.. Restricted Grants 133 261 TOTAL FUNDS 1 100919 1 137329 The charitable company is entitled to exemption from audit under Section 477 of the Companies Aci 2006 for the year ended 31 August 2024. The members have not required the company io obtain an Audit of its financial staiemenls for the year end¢d 31 Au8U$t 2024 in a¢¢ordan¢e with Section 476 of the Comp&ni¢$ Act 2006. The trustees acknowledge their responsibilities for {a) ertSUrg that the cbaritsble company ke¢ps a¢wuDling records that comply with Sections 386 and 387 of the Companies Aci 2006 and preparing financial sthtemenls which give a Irue and fair view of the stace of affair5 of the ¢harithble company as at the end of each fmancial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which oiherwise comply wilh the requirements of the Companies Act 2006 relating lo financial statements, so far as applicable to ihe charit&bl¢ company. (b) The notes forni part of th¢se finan¢ial 5tat¢m¢nts Page 37 continued...
The Hull and E&$t Yorkshire Childrtn's University (Reglstered number: 06368109 B•l8n¢e Sheet- continued 31 August 2024 The financial statements were approved by th¢ Board of TNst¢es and authorised for issue on . and were signed on ils behalf by.. MTCRFI Trusie¢ The notes ft)rni port of these financial statements Page 38
The Hull and East Yorkshlre Children's University Cash Flow Stitement for th¢ Y¢T Ended 31 August 2024 Period -4.22 to 31.8.23 YeaT Ended 31.8.24 Notes Cash flows from operatlng aetlvltles Cash generated from operations 132 277) 866061 Net cash (used inyprovided by operaiiDg aciivities 132,277) 866061 Cash flows from Investlng ietlvltle$ Lnterest received 415 Net casb provided by investing activities 415 Ch8Trge In ¢agh And ¢ash equivalents in the reportlng period Cash and cash equivalent5 at the beglnnln¥ o( the reporting period (80.870) 866.476 1247 643 381 167 C$h And cash equlvlents At the end of the reportln% perlod 1166 773 1247 643 The nole5 form part of th¢s¢ financial 51atements Pag¢ 39
Tht Hull and Ejst Yorkshire Children's University Note$ to the Cash Flow Statement for the Ye*r Ehded 31 August 2024 RECONCILIATION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Period .4.22 lo 31.8.23 Year Ended 31.8.24 Net {expeDditureVincome for the reporting perlod (as per the Statement of Financial Activities) Adjustments for: D¢pre¢iation charges Interesi received {Increas¢)/de¢rcas¢ in d¢biors (Decrease)/in¢rease in creditors (36,410) 792,060 12.731 (51,407) (4.3281 29,506 (415) 667 Net ¢ll$h {u$ed in)Iprovlded by operatlons 32 277} 866.061 ANALYSIS OF CHANGES IIY NET FUNDS At 1.9.23 Cash flow At.31.8.24 Net cash Cash al bank and in hand 1247 643 80 870) 1 166 773 1247 643 1 166 773 To¢al 1247 643 1 166.773 The notes forni part of these financial statements Page 40
The Hull East Yorkshire Children's University Notes to the Flnan¢lal Statements for Ihe Year Ended 3J August 2024 ACCOUNTING POLICIES BASIS of prepring the financial ¢*tements The financial stat¢m¢nis of the charitable company. which is a public benefit ¢nlity under FRS 102. have been prepared in accordance with the Chr4rilies SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Re¢ommended Practice applicable to charities pr¢paring iheii accounts in accordance witb the Finan¢ial Reporting Standard applicable in, the UK and Republie of Ireland (FRS 102) (¢ffe¢tiv¢ l January 2019),, Financial Reporting Siandard 102 'Tbe Financial Reporting Standard applicabl¢ iti th¢ UK and Republic of Ireland, and the Companies Act 2006. The financial slatements have been prepared under the historical cost convention. Income Income reteived for services provided.is accounred for on an accruals basis. Cash donations. gifts and legacies are included in fijll in the income and expendire account as they ar¢ Teceived, Any significant nort-cash donolions ar¢ ineluded in the income and ¢xpendirure a¢counl at th¢ trustees, estimate of their market value wbcn received. The value of voluntary help is not included in the accounls. Grants and other funding of o rev¢nue nature are deferred and reled to th¢ income and expenditure account ovcr the period to which they relate. Bank int¢r¢sl is in¢lud¢d in the income and expenditure account on 4n accruals basis. Expendlturt Liabilities or¢ r0&MIsed as expenditure as soon as Ih¢r¢ is a l¢gal or constnlive obligation committin8 th¢ charity to ihai ¢xp¢nditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been Classified under headings thai aggregaie all cost relaied to the category. Where costs c8nnot be directly attributed to particular headings they have been allocated to aclivitie$ on a blS consistent with the of r¢sour¢e$. TAngible flxed ¥Jssets Depreciation 1$ provided 01 the followin8 annuol rates in order lo write off each asset over 115 ¢Stimat¢d use1 life. Motor vehicles Compui¢r equipment 330/0 on cost 330/¢ on reducing balanc¢ T4xAtlon The charity is exempt from corporation tax on its charitable activities. Fund accounrfng Unrestricted funds Can be used in accordance with the charitable objectives ai the discretion of ihe trusiees. Re5tricled funds ean only be used for particular re5tricied purposes within the objects of the charity. Reslriclions arise when specifi¢d by th¢ donor or when fid$ are raised for panicular restricted puryos¢s. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. The Charity has designared certain fvnds ihal are attributable to certain areas and programmes thai they run, ¢he5e fiJnd$ are Still classed behind unrestricted reserves. The designated ndS represents the following areas.. School experiences - Children Looked After Programme Page 41 continued...
The Hull and East Yorkshire Children's Unlverslty Notes to the Fin#nti*l St#ttmtnts- eontlnued for the Year Ended 31 August 2014 ACCOUNTING POLICIES- continued Fund a¢coun¢lng Fundraisin8 & Ev¢nts Pension co$ts and other post-rntirement benefits The eharitable company operates a defined contribuiion pension scheme. Contribuiions payable to the charitable company's pension scheme are charged lo the Siat¢m¢nt of Financial Activities in tbe period to whicb they relate. Estimates and judgements EstimatC5 and jud8emeDiS are continually evaluaied and are based on historical experience and other factors, including expectations of fvture events that are believed lo be reasonable under the circumstances. Although these estimates are based OD ihe Chariry's b¢si knowl¢dg¢ of tbe amount, events or actions. a¢tual resulis ultimately differ from these es1imat¢s, The Charity does no¢ consider there to be any mmierial estim41e8 and judgements. Financlal Instruments The charity only has financial assets and financial liabiliiies of.a kind that qualify as basit financial instruments. Basic finan¢iAI in8trum¢nLs. includin8 (rade and oth¢r d¢btors and creditors, 8r¢ initiolly r¢¢ognised at transa¢iion value and subsequently measured ai their sertlcmenl value. Cash and ¢ash equivalents As at the year end, the ChY4rity held a portion of its cash reserves within high interest, fixed rate accounts. Du¢ to their highly liquid nature. these have been in¢lud¢d within Ca$h at bank and in hand. DONATIONS AND LEGACIES Period 1.4.22 to 31.8.23 Year Ended 31.8.24 Donaiiong Grants 245,868 316803 ,302,322 370517 562.671 672 839 Page 42 continued...
The Hull and E*st Yorkshirt Children's University Notes to Ihe Flnanclal St4tements- continued for the Year Ended 31 Augu$t 2024 DONATIONS AND LEGACIES - continued Grants received. included in th¢ abov¢. are as follows: Period 1.4.22 to 31.8.23 Year Ended 31.8.24 Children in Need De WiDion Family Trnst Garfjeld Weston Foundaiion John Amiitage Charitable Tnjsl Joseph & Atmie Cattle Trust Local Authorily The Swire Charitable Trust Pavers Bayfield Charitable Trnst Letterbox Angus Lawson TNst Help For Health Two Ridings Merriman 'Bridlington Spa Williams Fund Summer School Robert Hall Foundation The D'oyly Carte Charilable Trust Chandler Wealth Sidney Smith Trust 29th May 1961 Charithble Trust Ferens Trusi The Leigh Trusi 9,435 25,000 20,000 45.000 7,500 89.996 12,000 i 0.000 1.250 38.996 19.577 9,276 37.500 80.000 7.500 102.561 12,000 12,OL)O 1,250 42,500 25,120 11,560 i o,¢x 3,000 250 4,600 11.41K) 10.806 4.000 7,350 3,000 3.893 316803 370517 OTHER TRADING ACTIVITIES Period 1.4.22 to Year Ended 31.8.24 31.8.23 Fundraisin8 events 173 728 Page 43 ontinued...
The Hull and East Yorkshire Children's University Notes to the Financial S¢Jtements- ¢ontlnued for the Ye*T Ended 31 August 2024 INVESTMENT INCOME Period .4.22 to Year Ended 31.8.24 31.8.23 Deposit account interest 415 INCOME FROM CHARITABLE ACTIVITIES Period .4.22 io 31.8.23 Year Ended 31.8.24 A¢livity Charitable Expense5 D¢livery of service$ 255 135 398 682 RAISING FUNDS Other ¢r•dlni •ctlvltle% Period .4.22 io Year Ended 31.8.24 31.8.23 PurchAses CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Co$is Totsl$ Chariiabl¢ Expenses 954 705 957 105 SUPPORT COSTS Governance co$t$ ChAritable Expenses Page 44 continued...
The Hull 2nd East Yorkshlrt Children's Univer,sity Notes to the Flnan¢l#l St#temÈnts- continued for the Year Ended 31 August 2024 NET INCOMEI(EXPENDITURE) Net incomel{exp¢nditure) is stated after chargin{Credi¢ln8). Period .4.22 to 31.8.23 Year Ended 31.8.24 Depreciation- owned assets io. TRUSTEES, REMUNERATION AND BENEFITS There were no tNslees' remuneration or other benefi¢S for the year ended 31 August 2024 nor for ihe period ended 31 Augusi 2023. Trustees, expenses During the period under review, no irnstees were r¢imburKd for expenses in the year (2023 £245 re¢eived by Wendy Newmanl. STAFF COSTS Period 1.4.22 io 31.8.23 Year Ended 31.8.24 Wages and salaries Social security costs Oiber pension costs 434.531 31,939 499,069 33,756 475.200 The average monthly number of employees durmg ihe year was as follows.. Period 1.4.22 to Year Ended 31.8.24 17 31.8.23 16 Staff The llUTnbeT of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 wa5.. Period 1.4.22 to 31.8.23 Year Ended 31.8.24 £60.001- £70.000 Page 45 continued...
The Hull and East Yorkshire Children's University Notes to the Flnanclal Sttements- eontinued lor the Year Ended 31 August 2024 12. COMPARATIVES FOR THE STATEMENT OF FIIYANCIAL ACTIVITIES Unr¢stricted funds Restricted nds Tothl funds INCOME AND ENDOWfvNTs FROM Donalions and1¢8aci¢s 1,379.722 293.117 .672.839 Chritable )i¢tivltles Charitable Expenses 339,088 59.594 398,682 Other trading aciiviiies Investment income 173,728 415 173,728 415 Total 1892 953 352711 2 245 664 EXPENDITURE ON Raising funds 10,781 44.895 55.676 Charitaible )Ictivitles Charitable Expenses 1,025,548 364.700 1,390.248 Other TotAI 1044 009 409 595 1453 604 NET INCOMEI(EXPENDITURE) 848.944 (56,884) 792,060 RECONCILIATION OF FUNDS Total fvnds brou8hi fon¥ard 242,776 102.493 345.269 TOTAL FUNDS CARRIED FORWARD 1091720 1137329 13. TANGIBLE FIXED ASSETS Motor vehicles Computer equipment TO1$ COST At I September 2023 and 31 August 2024 DEPRECIATION At I September 2023 Charge for year 48,855 21,401 325 70,256 At 31 August 2024 NET BOOK VALUE At 31 August 2024 661 661 Ai 31 August 2023 12,406 986 13,392 Page 46 continued...
The Hull and Ejst Yorkshire Children's University Notes to the Flnan¢i&l Statements - eontinued for the Year Ended 31 August 2024 14. DEBTORS: AMOiiNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trode debtors Prepayments 15,124 8.018 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 SocTal security and other taxes Ac¢ruals and d¢ferred income 12,412 14.588 121880 136468 16. MOVEMENT IN FUNDS Nel movemenl in fvnds Transfers between funds At 31.8.24 Ar 1.9.23 Unrestrirted funds General fund Designated funds 1,091,720 (124,062) {300,000) 300 000 667,658 300 000 .091,720 (124,062) 967,658 Rtstrit¢ed funds R¢stTl¢t¢d Grant$ 45,609 87.652 133,261 TOTAL FUNDS 137329 36410) 1 100919 Net movement in funds, included in the above are as follows.. Incoming resources R¢sources ¢xpended Mov¢m¢nt in funds Unre5trleted funds General fund 708,411 (832,473) (124,062) Re$trieted funds Restricted Grants 234.038 (146,386) 87.652 TOTAL FUNDS 978 859) 36410) Page 47 continued...
The Hull and East Yorkshire Children's Unlver$Sty Notes to the Flnan¢ial Statements - contlnued for the Year Ended 31 August 2024 16. MOVEMENT IN FUIYDS - tontlnued Comparatives for movement in funds Net movement in funds Transfers b¢rw¢¢n funds Ai 31.8.23 At 1.4.22 Unrestricted fundi GeneTal fund The Jame$ Reckitt Library Ttust 242,775 848,944 1,091,720 242,776 848,944 1,091,720 Rts¢rl¢ted funds Restricted Donations Resiri¢t¢d Grant5 50 102.443 {50) 50 56 884) 56 884) TOTAL FLINDS 345 269 792.060 1,137329 Comparative net movement in fvnds, in¢luded in the above are as follow5.. Incoming resources Resources expended Movement in fund$ Unrestricted funds General fund 1,892,953 (1,044,009) 848,944 Res¢rSeted funds Restricted Grants 352.711 {409,595) (56,884) TOTAL FUNDS 2 245 664 1453 604) 792 060 17. RELATED PARTY DISCLOSURES Hull and East Yorksbire Children'$ University Ltd has 8 number of key relaiiortships wilh local and naiion41 organisations. The University of Hull also supports our work by Thnning joint projects with the Charity. The University of Hull contributes annually io the charity's core fundin8 as a gold parther and provides pro-bono accommodation. The University of Hull also provides funding for experien¢es for schools via the access agreement which we bid for on an annual basis. We are also gratefijl to out other major supporter5 and we are indebted to organisations that provide experiences and release staff to volunteer as mentors as well &$ fvnding experiences for children. Pag¢ 48 ¢ontinu¢d...
The Hull and Egst Yorkshire Chlldren's University Notes to Ihe Flnanclal StAtemtnt$ - continued for the Year Ended 31 August 2024 18. DESIGNATED FUNDS Total Funds 2024 Last Year Total Funds 2023 As at Isl September Transfer (lo)lfrom revenue accumulated funds 300 000 As at 31 sl Augusi 300 000 Summary of funds.. Unrestricted and D¢signated Funds 2024 Restricted Funds Total Fund$ Last Year Total Funds 2024 2024 2023 Revenue a¢cumulat¢d fiinds Revenue designated funds Revenue restricted bJnds 667,658 300.0 667.658 300,000 133261 1,091,720 133 261 Totsl funds 967 658 133.261 1100919 1.137329 This page does not forni part of the slatulory financial statements Page 49