REGISTERED COMPANY NUMBER: 06639315 (England and Wales) REGISTERED CHARITY NUMBER: 1125229
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
## REPORT OF THE TRUSTEES AND
## UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
## THE HENRY AND DORA NEEDLER MEMORIAL TRUST REPORT OF THE TRUSTEES for the Year Ended 30 September 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of 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) (effective | January 2019).
## OBJECTIVES AND ACTIVITIES
## Objectives and activities
The objectives for which the charity is established are:
a) the provision of care to those with life threatening illnesses and in particular the promotion of the hospice movement in general and the work of Dove House Hospice of Chamberlain Road, Hull, HU8 8DH (registered charity number 509551) in particular.
b) the relief of poverty
c) the advancement of education
## d) the advancement of religion
e) other purposes beneficial to the community not encompassed by the preceding objects
within the United Kingdom in general and the East Riding of Yorkshire in particular.
The trustees wish to meet these objectives by supporting Dove House Hospice and by making other similar charitable donations. The trustees have resolved to make donations to charities based in Hull and East Yorkshire, in accordance with the settlor's wishes, and to those charities predominantly concerned with seriously and terminally ill children and adults although other similar charities will also be considered.
The trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance as published by the Charities Commission.
## ACHIEVEMENT AND PERFORMANCE
## Charitable activities
In accordance with their current policy on distributions, the Trustees made donations to Dove House Hospice £5,000, Osprey £5,000, The Tribune Trust £3,000, The No Way Trust £4,000, The Teenage Cancer Trust £5,000, Jenny Ruth Workshop £3,750, Starlight Children's Foundation £4,000, Macmillan Cancer Relief £2,500, Kids Trust £3,500 and The Forward Trust £1,500, during the year. All recipients were registered charities.
## FINANCIAL REVIEW
## Investment policy and objectives
The charity acquired residential properties from the estate of the late G H Needler deceased on the Ist March 2010. The income derived from this investment is used to achieve the stated objectives of the charity.
The value of the investment properties varies with the trends in the housing market. The Trustees review the situation with their property advisors on an annual basis and obtain full valuations every five years.
Other resources were invested through Independent Financial Managers and reviewed regularly.
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
## REPORT OF THE TRUSTEES
for the Year Ended 30 September 2024
## a
## FINANCIAL REVIEW
## Reserves policy
The charity reserves are maintained at such a significant level due to the initial value of the properties from the estate of Mr G H Needler. In addition in order to generate income in times where returns on investments are low, the trustees have determined that the high levels of reserves are required. The income generated by the charity will be donated to charities which meet the charity's objectives and will be at the trustees’ discretion.
The trustees policy is to distribute its income annually on projects which meet its objectives.
## FUTURE PLANS
The trustees will continue to generate income on behalf of the charity and will continue to make donations to charities which satisfy the charity's objectives.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## Recruitment and appointment of new trustees
Trustees are appointed for indefinite terms, usually upon the retirement of existing trustees. Appointment of replacement trustees are agreed between the existing trustees.
## Organisational structure
The charity has no employees of its own. Raworths LLP Solicitors currently provides legal and secretarial services to the charity. Sowerby Chartered Accountants LLP currently provide accountancy and taxation services to the charity.
## Induction and training of new trustees
Existing trustees select new trustees from people known to them that they consider to have suitable knowledge and expertise. New trustees are provided with a copy of the Charity Commission guidance, Responsibilities of Charity Trustees, which provides guidance on what is involved in being a charity trustee.
## REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06639315 (England and Wales)
## Registered Charity number
1125229 Registered Beckside Court Annie Reed Road Beverley HUI7 OLF
Registered office
Trustees Ms C P Hedges Solicitor S Scargill Accountant ST Larard Chartered Surveyor JPM Kay
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
## REPORT OF THE TRUSTEES
for the Year Ended 30 September 2024
## pe
## REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary Ms C P Hedges
Independent Examiner
Elizabeth Blanchard Sowerby Chartered Accountants Beckside Court Annie Reed Road Beverley East Yorkshire HUI7 OLF Solicitors Raworths LLP Solicitors Eton House 89 Station Parade Harrogate HGI |HF
## INCORPORATION
The charity was incorporated on the 7th July 2008.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25 June 2025 and signed on its behalf by:
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Scargill - Trustée
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENRY AND DORA NEEDLER MEMORIAL
## TRUST i
Independent examiner's report to the trustees of The Henry and Dora Needler Memorial Trust (‘the Company’)
| report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.
## Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving
me cause to believe:
- I. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| 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.
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## Elizabeth Blanchard
## Sowerby
Chartered Accountants Beckside Court Annie Reed Road Beverley East Yorkshire HUI7 OLF
25 June 2025
aee 4.
THE HENRY AND DORA NEEDLER MEMORIAL TRUST
## STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 30 September 2024
|ee|ee|ee|ee|
|---|---|---|---|
|||2024|2023|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|INCOME AND ENDOWMENTS FROM||||
|Investment income|2|49,145|55,836|
|EXPENDITURE ON||||
|Raising funds||||
|Investmentmanagement costs|3|53,784|23,253|
|||53,784|23,253|
|Charitable activities|4|||
|Donations||37,250|35,000|
|Governance costs||12,94|11,667|
|Total||103,975|69,920|
|Net gains on investments||59,042|76,673|
|NET INCOME||4,212|62,589|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward||1,179,119|1,116,530|
|TOTALFUNDSCARRIEDFORWARD||1,183,331|1,179,119|
## CONTINUING OPERATIONS
The results for the year derive from continuing activities and there are no gains or losses other than those shown above. A Statement of Total Recognised Gains and Losses has not been prepared.
The notes form part of these financial statements
5.
THE HENRY AND DORA NEEDLER MEMORIAL TRUST
## BALANCE SHEET 30 September 2024
|||2024|2023|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|FIXED ASSETS||||
|Investments||||
|Investments|8|542,720|362,829|
|Investment property|9|590,240|658,240|
|||1,132,960|1,021,069|
|CURRENT ASSETS||||
|Debtors|10|53,425|161,748|
|CREDITORS||||
|Amounts falling due within one year|II|(3,054)|(3,698)|
|NET CURRENT ASSETS||50,371|158,050|
|TOTALASSETS LESS CURRENT||||
|LIABILITIES||1,183,331|1,179,119|
|NETASSETS||1,183,331|1,179,119|
|FUNDS||||
|Unrestricted funds||1,183,331|1,179,119|
|TOTALFUNDS||1,183,331|1,179,119|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.
The notes form part of these financial statements
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THE HENRY AND DORA NEEDLER MEMORIAL
TRUST
BALANCE SHEET- continued 30 September 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2025 and were signed on its behalf by:
- UCeY ne
S Scargill - Trusted
The notes form part of these financial statements
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 September 2024
I. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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) (effective | January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Donations
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the donation which remain in the control of the charity.
## Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
## NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 September 2024
|2.|INVESTMENT INCOME||||
|---|---|---|---|---|
||||2024|2023|
||||£|£|
||Rents received||40,050|49,819|
||Interest received||1,818|147|
||Dividends received||7,277|5,870|
||||49,145|55,836|
|3.|INVESTMENT MANAGEMENT COSTS||||
||||2024|2023|
||||£|£|
||Insurance||1,661|2,254|
||Rent collection||4,971|5,063|
||Property repairs||38,943|9,191|
||Council tax||662|3,598|
||Support costs||7,547|3,147|
||||53,784|23,253|
|4.|CHARITABLE ACTIVITIES COSTS||||
||||Support||
|||Direct|costs (see||
|||Costs|note 5)|Totals|
|||£|£|£|
||Donations|37,250|-|37,250|
||Governance costs|-|12,941|12,941|
|||37,250|12,941|50,191|
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 September 2024
|5.|SUPPORT COSTS||
|---|---|---|
|||Governance|
|||costs|
|||£|
||Investment management costs|7,547|
||Governance costs|12,941|
|||20,488|
## 6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
## Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
||Unrestricted|
|---|---|
||fund|
||£|
|INCOME AND ENDOWMENTS FROM||
|Investment income|55,836|
|EXPENDITURE ON||
|Raising funds||
|Investment management costs|23,253|
||23,253|
|Charitable activities||
|Donations|35,000|
|Governance costs|11,667|
|Total|69,920|
|Net gains on investments|76,673|
|NET INCOME|62,589|
|RECONCILIATION OF FUNDS||
|Totalfundsbroughtforward|1,116,530|
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 September 2024
|7.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued||
|---|---|---|
|||Unrestricted|
|||fund|
|||£|
||TOTAL FUNDS CARRIED FORWARD|1,179,119|
|8.|FIXED ASSET INVESTMENTS||
|||Listed|
|||investments|
|||£|
||MARKET VALUE||
||At
| October 2023|362,829|
||Additions|303,467|
||Disposals|(156,953)|
||Revaluations|33,377|
||At 30 September 2024|542,720|
||NET BOOKVALUE||
||At 30 September 2024|542,720|
||At 30 September 2023|362,829|
||There were no investment assets outside the UK.||
||Cost or valuation at 30 September 2024 is represented by:||
|||Listed|
|||investments|
|||£|
||Valuationin2024|542,720|
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 September 2024
|9.|INVESTMENT PROPERTY|||||
|---|---|---|---|---|---|
|||||£||
||FAIRVALUE|||||
||At
| October 2023|||658,240||
||Disposals|||(68,000)||
||At 30 September 2024|||590,240||
||NET BOOKVALUE|||||
||At 30 September 2024|||590,240||
||At 30 September 2023|||658,240||
|10.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||2024||2023||
|||£||£||
||Larards Property Management Ltd|8,394||1,268||
||Raworths LLP|4,583||131,563||
||Sundry debtors||314|6,995||
||Titan Deposit Account|21,856||12,251||
||Titan Income Account|18,278||9,671||
|||53,425||161,748||
|If.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||2024||2023||
|||£||£||
||Accrued expenses|3,054||3,698||
|12.|RELATED PARTY DISCLOSURES|||||
||C P Hedges is a director of Raworths LLP Solicitors, who provide legal services to the charity.||During the year,
£5,871|||
||(2023 - £6,254) was paid to Raworths LLP for legal services. The amount due by the charity to Raworths LLP Solicitors||||at|
||30thSeptember2024was£Nil(2023-Nil).|||||
S Scargill is an employee of Sowerby FRS LLP, who provide accountancy services to the charity. During the year, £5,270 (2023 - £3,250) was billed by Sowerby FRS LLP for accountancy services. The amount due by the charity to Sowerby FRS LLP as at 30th September 2023 was £3,054 (2023 - £3,700).
All of the transactions were carried out on normal commercial terms.
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 September 2024
## 13. GUARANTEE
The liability of the members is limited.
Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the assets of the company in the event of it being wound up while he is a member or within one year after he ceases to be a member for payment of the debts and liabilities of the company contracted before he ceases to be a member and of the costs, charges and expenses of winding-up and for the adjustment of the rights of the contributories among themselves.
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2024
||2024|2023|
|---|---|---|
||£|£|
|INCOMEAND ENDOWMENTS|||
|Investment income|||
|Rents received|40,050|49,819|
|Interest received|1,818|147|
|Dividends received|7,277|5,870|
||49,145|55,836|
|Total incoming resources|49,145|55,836|
|EXPENDITURE|||
|Investment management costs|||
|Insurance|1,661|2,254|
|Rent collection|4,971|5,063|
|Property repairs|38,943|9,191|
|Council tax|662|3,598|
||46,237|20,106|
|Charitable activities|||
|Donations|37,250|35,000|
|Support costs|||
|Governance costs|||
|Brokers fees|7,547|5,400|
|Independent examiner|1,374|1,590|
|Accountancy fees|3,896|1,660|
|Legal fees|5,871|4,364|
|Estate agent fees|1,800|1,800|
||20,488|14,814|
|Total resources expended|103,975|69,920|
|Netexpenditure before gains and losses|(54,830)|(14,084)|
|Realised recognised gains and losses|||
|Carriedforward|(54,830)|(14,084)|
This page does not form part of the statutory financial statements
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THE HENRY AND DORA NEEDLER MEMORIAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2024
||2024|2023|
|---|---|---|
||£|£|
|Realised recognised gains and losses|||
|Brought forward|(54,830)|(14,084)|
|Realised gains/(losses) on fixed asset investments|25,665|26,868|
|Net(expenditure)/income|(29,165)|12,784|
This page does not form part of the statutory financial statements
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