## **REGISTERED COMPANY NUMBER: 07247070 (England and Wales) REGISTERED CHARITY NUMBER: 1138073**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2022
for
UK Homes 4 Heroes Pride And Passion Ltd
A Star Accountancy Limited Chartered Certified Accountants 19 Beech Avenue Sidcup Kent DA15 8NH
UK Homes 4 Heroes Pride And Passion Ltd
Contents of the Financial Statements for the Year Ended 31 May 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|5|
|Independent Examiner's Report||6||
|Statement of Financial Activities||7||
|Balance Sheet|8|to|9|
|Notes to the Financial Statements|10|to|19|
## UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
## Report of the Trustees
for the Year Ended 31 May 2022
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 31 May 2022. 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 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's purposes, as set out in the Articles of Association, are to;
- promote understanding of ex-service personnel,
- advance the care of ex-service personnel,
- organise events and activities to generate income for the charity, and
- facilitate the purchase or management of short term accommodation for ex-service personnel.
## **Significant activities**
In common with most other charities this was a particularly difficult year in view of Covid 19 & related restrictions, which curtailed many normal activities & events, affecting our ability to raise funds from donations at those events etc, which is normally a major source of income.
Never the less the trustees & volunteers rose to the challenge & we were able to continue to provide support & counselling services along with food & supplies via our outreach services helping to feed the homeless at the times were were permitted to do so.
## We would also like to thank;
**Hargolds Trading Limited** , who have continued to support UK Homes 4 Heroes Pride & Passion Since 2013 to include monthly donations to the Charity through the Sales of Squaddie Bars (flapjacks), which are made on the premises down in The Grove , Derril, Holsworthy, EX22 6YA.
The charity acquired a Mobile Home in a residential park in February 2020 to provide weekly breaks to ex service personnel, who it is considered would benefit from the opportunity of some respite from their daily lives.
Bookings were taken & the unit was brought into immediate use, however Covid 19 restrictions introduced in March 20 resulting in booking cancellations as it was not possible to provide this service throughout most of the financial year. However bookings were ultimately commenced during 2021/22.
In view of the demand for the service, a second Mobile Home was also acquired in May 2021 in order to increase the availability of the service as & when restrictions are lifted to enable us to do so.
In April 2022 a Third Mobile Home with special provisions for disabled access & facilities was acquired.
Page 1
UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
Report of the Trustees for the Year Ended 31 May 2022
## **OBJECTIVES AND ACTIVITIES Public benefit**
How our activities deliver public benefit
In accordance with section 4 of the Charities Act 2006, the directors have due regard to the guidance published by the Charity Commission on the requirement that the objectives and work undertaken by the charity are in line with charitable objectives and do provide for benefit for the public.
The charity has enabled homeless ex-service personnel, both men and women, to move towards enjoying a fulfilling life.
By working with individuals and organisation, the charity has enabled them to be re-housed and settled back into the community. There is ongoing support from the charity's outreach teams, including a feed the homeless project during the year.
More information can be found on our website www.ukhomes4heroes.org.uk.
## **Volunteers**
The Trustees would like to express their thanks to the volunteers, who are an essential part of the charity's infrastructure and without whose support, the charity could not continue to operate.
## **Principal sources of funds:**
Normally the main funding of the charity during the year is from donations, primarily from the **Just Giving website** : ( **https://www.justgiving.com/UKhomes4heroes** ) £26,089 inclusive of Gift Aid (2021 £16,749), plus this year £5,955 (2021 £5,173) was also generated from the **Paypal Giving Fund UK, with a further £3,277** (2021 1671) **from Giving.com**
Corporate donations to the value of £7,753 were also provided.
We were successful in obtaining Grant finance during the year totalling (£17,760) with the assistance of a specialist Fund Raiser.
This included restricted grants to assist specifically with our Outreach service for provision of food to the homeless, plus an element of unrestricted Core-funding to enable the charity to continue on despite the difficulties experienced during the year.
In addition the charity also normally relies upon collections at events, along with the sale of merchandising, which was considerably down during the year due to cancellation of events etc.
We are particularly grateful for all who have donated and or generated sponsorship income during this difficult time.
## **FINANCIAL REVIEW**
## **Reserves policy**
The directors have reviewed the free level of reserves maintained, which are represented by unrestricted funds not committed or invested in tangible fixed assets. The aim is to maintain reserves at a level to ensure that there should not be a reduction in income that the service could continue for at least three months at current rates of expenditure.
The unrestricted reserves at the balance sheet date were **£110,599** (2021 £122,880) which covers at least three months regular expenditure.
Page 2
## UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
## Report of the Trustees
for the Year Ended 31 May 2022
## **FINANCIAL REVIEW**
Review of The Financial Position.
The results for the year are set out on pages 6 to 13.
The charity is generally dependent entirely on voluntary donations and we are grateful all of the support given this year.
In addition grants were received during the year to support the charity's outreach work & outdoor soup kitchen during Covid 19 restrictions.
**Income decreased to £123,948** (2021 £134,342), in part due to a legacy received in that previous year.
**Expenditure increased to £136,229** (2021 £100924) in view of the new mobile home units coming on stream.
**This has meant that there was an overall funds outflow of £12,281** (2021 £33,418). **leaving total funds carried forward of £110,599** (2021 £122,880) .
## **FUTURE PLANS**
Given the restrictions imposed in March 2020 the charity were unable to physically attend events for most of that year & the effect was felt on into 2021/22
However, the trustees & volunteers concentrated their efforts on outreach services providing meals to those in need in the community during lockdown, over & above the levels already normally provided pre lockdown.
The charity is looking to expand its activities & hoping to be in a position to participate in Events as restrictions hopefully remain lifted during 2022/23.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The organisation is a charitable company, limited by guarantee, incorporated on 7 May 2010 and registered as a charity on 16 September 2010. The company is governed by its Articles of Association which set out the objects and powers of the charitable company. The directors have used powers granted to them in the Articles to make rules for its operation.
In the event of a winding up of the company, members are required to contribute an amount not exceeding £10.
## **Recruitment and appointment of new trustees**
The directors of the charitable company ("the charity") are its trustees for the purposes of charity law and throughout this report are collectively referred to as the directors. The directors serving during the year and since the year end are set out on page 1.
As set out in the articles of association, there should not be less than three directors. At each Annual General Meeting, one third of members shall retire from office. Retiring directors are eligible for re-election.
All directors who give their time voluntarily, receive no benefits from the charity and are recruited from user groups and volunteers who have an interest in the welfare of ex-service personnel.
Page 3
## UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
## Report of the Trustees
for the Year Ended 31 May 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The work of the Company and charity is overseen by a Board of Trustees who meet at regular intervals to provide strategic direction and monitor and review the work of the Trust.
During the year the Board met formally on several occasions, as well as numerous ad-hoc and informal meetings. Board meetings include members of volunteer staff as appropriate.
The day-to-day running of the charity and local operations are carried out by volunteers, under the leadership of two of the Directors James Jukes and Michelle Thorpe, who regularly report to the board and have delegated authority within terms approved by the Trustees, for operational matters, including finance, health and safety, security and administration.
From April 2017 Michelle Thorpe has started to draw a salary as disclosed in thise financial statement in respect of administrative services, event management and the provision of services to Homeless Ex Service Personnel .
No salary is paid to her in respect of any services provided, in respect of her duties as a Trustee.
## **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.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
07247070 (England and Wales)
## **Registered Charity number**
1138073
## **Registered office**
Unit 4, Oyster Bay St. Augustines Business Park Estuary Close Whitstable Kent CT5 2FF
## **Trustees**
J Jukes MBE Director - Chair Miss M Thorpe Director C Vidler Director
## **Company Secretary**
Page 4
UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
Report of the Trustees for the Year Ended 31 May 2022
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
K D Hardie FCCA A Star Accountancy Limited Chartered Certified Accountants 19 Beech Avenue Sidcup Kent DA15 8NH
Approved by order of the board of trustees on 31 March 2023 and signed on its behalf by:
J Jukes MBE - Trustee
Page 5
## Independent Examiner's Report to the Trustees of UK Homes 4 Heroes Pride And Passion Ltd
## **Independent examiner's report to the trustees of UK Homes 4 Heroes Pride And Passion Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2022.
## **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, I 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 I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
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:
1. 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)).
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.
K D Hardie FCCA A Star Accountancy Limited Chartered Certified Accountants 19 Beech Avenue Sidcup Kent DA15 8NH
Date: .............................................
Page 6
## UK Homes 4 Heroes Pride And Passion Ltd
|Statement of Financial Activities
for the Year Ended 31 May 2022
Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Charitable activivities
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitable activivities
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
109,230
-
13,432
26
122,688
24,607
102,200
126,807
(4,119)
114,718
110,599|Restricted
funds
£
-
1,260
-
-
1,260
-
9,422
9,422
(8,162)
8,162
-|31.5.22
Total
funds
£
109,230
1,260
13,432
26
123,948
24,607
111,622
136,229
(12,281)
122,880
110,599|31.5.21
Total
funds
£
118,987
14,000
1,355
-|
|---|---|---|---|---|
|||||134,342|
|||||24,806
76,118|
|||||100,924|
|||||33,418
89,462|
|||||122,880|
The notes form part of these financial statements
Page 7
## UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
Balance Sheet 31 May 2022
|Notes
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
12
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
162,145
10,149
34,389
44,538
(37,219)
7,319
169,464
(58,865)
110,599|Restricted
funds
£
-
-
-
-
-
-
-
-
-|31.5.22
Total
funds
£
162,145
10,149
34,389
44,538
(37,219)
7,319
169,464
(58,865)
110,599
110,599
-
110,599|31.5.21
Total
funds
£
111,783
25,538
29,057
54,595
(26,275)
28,320
140,103
(17,223)
122,880
114,718
8,162
122,880|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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
continued...
Page 8
## UK Homes 4 Heroes Pride And Passion Ltd (Registered number: 07247070)
## Balance Sheet - continued
## 31 May 2022
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 31 March 2023 and were signed on its behalf by:
J Jukes MBE - Trustee
The notes form part of these financial statements
Page 9
UK Homes 4 Heroes Pride And Passion Ltd
Notes to the Financial Statements
for the Year Ended 31 May 2022
## **1. 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 1 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.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
|Plant and machinery|-|at varying rates on cost|
|---|---|---|
|Motor vehicles & equipment|-|25% on reducing balance and at varying rates on cost|
|Office equipment|-|25% on cost|
A Mobile Home plus a Ford custom transit van are on HP & have been depreciated in line with the length of the HP agreement.
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
continued...
Page 10
UK Homes 4 Heroes Pride And Passion Ltd
## Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
## **1. ACCOUNTING POLICIES - continued**
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **2. DONATIONS AND LEGACIES**
## **3.**
|Donations
Gift aid
Legacies
Grants
Donated services and facilities
Sponsorship
Supplier refunds
Grants received, included in the above, are as follows:
Rayne Trust
The Veterans Foundation
National Lottery Awards For All
The Neighbourly FO
**OTHER TRADING ACTIVITIES**
Fundraising events
Merchandising||31.5.22
£
58,994
5,845
24,634
16,500
500
2,291
466
109,230
31.5.22
£
5,000
-
10,000
1,500
16,500
31.5.22
£
8,883
4,549
13,432||31.5.21
£
50,793
3,838
23,915
34,000
-
1,914
4,527|
|---|---|---|---|---|
|||||118,987|
|||||31.5.21
£
-
24,000
10,000
-|
|||||34,000|
|||||31.5.21
£
940
415|
|||||1,355|
continued...
Page 11
UK Homes 4 Heroes Pride And Passion Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
## **4. INVESTMENT INCOME**
|Deposit account interest
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Depreciation - assets on hire purchase contracts and finance leases
Other operating leases
Surplus on disposal of fixed assets
**6.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security||31.5.22
£
26
31.5.22
£
13,456
20,259
-
-
31.5.22
£
14,920
847
15,767||31.5.21
£
-|
|---|---|---|---|---|
|||||31.5.21
£
7,272
14,133
1,400
(393)|
|||||31.5.21
£
15,317
1,688|
|||||17,005|
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2022 nor for the year ended 31 May 2021.
## **7. STAFF COSTS**
|Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Administration & events coordination|31.5.22
£
14,920
847
15,767
31.5.22
1|31.5.21
£
15,317
1,688|
|---|---|---|
|||17,005|
|||31.5.21
1|
No employees received emoluments in excess of £60,000.
continued...
Page 12
UK Homes 4 Heroes Pride And Passion Ltd
## Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
|**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
118,987
**Charitable activities**
Charitable activivities
-
Other trading activities
1,355
**Total**
120,342
**EXPENDITURE ON**
Raising funds
24,806
**Charitable activities**
Charitable activivities
70,280
**Total**
95,086
**NET INCOME**
25,256
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
89,462
**TOTAL FUNDS CARRIED FORWARD**
114,718|Restricted
funds
£
-
14,000
-
14,000
-
5,838
5,838
8,162
-
8,162|Total
funds
£
118,987
14,000
1,355|
|---|---|---|
|||134,342|
|||24,806
76,118|
|||100,924|
|||33,418
89,462|
|||122,880|
continued...
Page 13
UK Homes 4 Heroes Pride And Passion Ltd
## Notes to the Financial Statements - continued
## for the Year Ended 31 May 2022
## **9. TANGIBLE FIXED ASSETS**
|**COST**
At 1 June 2021
Additions
At 31 May 2022
**DEPRECIATION**
At 1 June 2021
Charge for year
At 31 May 2022
**NET BOOK VALUE**
At 31 May 2022
At 31 May 2021|Short
leasehold
£
4,383
12,418
16,801
-
3,360
3,360
13,441
4,383|Plant and
machinery
£
87,581
67,351
154,932
10,505
18,799
29,304
125,628
77,076|Motor
vehicles
& equipment
£
74,850
500
75,350
45,493
10,658
56,151
19,199
29,357|Office
equipment
£
6,827
3,808
10,635
5,860
898
6,758
3,877
967|Totals
£
173,641
84,077|
|---|---|---|---|---|---|
||||||257,718|
||||||61,858
33,715|
||||||95,573|
||||||162,145|
||||||111,783|
The cost of improvements to the Surdoc Centre (donated services) were depreciated in full during the year of acquisition (2015) as no formal lease was in place, although negotiations at the time were underway for a three year lease. Ultimately no formal lease had been entered into by the time the property was vacated in May 2021.
Accordingly the £40,000 short leasehold assets were dealt with as disposals from Short Leasehold assets on vacation.
Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
|**COST**
At 1 June 2021 and 31 May 2022
**DEPRECIATION**
At 1 June 2021
Charge for year
At 31 May 2022
**NET BOOK VALUE**
At 31 May 2022
At 31 May 2021|Plant and
machinery
£
51,619
9,109
13,660
22,769
28,850
42,510|Motor
vehicles
& equipment
£
27,383
14,262
6,599
20,861
6,522
13,121|Totals
£
79,002|
|---|---|---|---|
||||23,371
20,259|
||||43,630|
||||35,372|
||||55,631|
continued...
Page 14
UK Homes 4 Heroes Pride And Passion Ltd
|Notes to the Financial Statements-continued
for the Year Ended 31 May 2022
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments
We would draw attention to the matters outlined in the contingent liability note.
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Hire purchase (see note 14)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other loans (see note 13)
Hire purchase (see note 14)
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Amounts due to directors|31.5.22
£
6,707
3,442
10,149
31.5.22
£
18,055
-
150
10,423
8,591
37,219
31.5.22
£
1,331
57,534
58,865
31.5.22
£
1,331|31.5.21
£
22,756
2,782
25,538
31.5.21
£
11,899
(1)
306
7,088
6,983
26,275
31.5.21
£
599
16,624
17,223
31.5.21
£
599|
|---|---|---|
continued...
Page 15
UK Homes 4 Heroes Pride And Passion Ltd
**15.**
## Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
## **14. LEASING AGREEMENTS**
Minimum lease payments fall due as follows:
|Net obligations repayable:
Within one year
Between one and five years
In more than five years
Within one year
Between one and five years|Hire purchase contracts
31.5.22
31.5.21
£
£
18,055
11,899
-
4,792
57,534
11,832
75,589
28,523
Non-cancellable operating leases
31.5.22
31.5.21
£
£
9,214
9,214
90,000
90,000
99,214
99,214|
|---|---|
The charity moved from the Surdoc Centre to its new offices in Whitstable in May 2021 on a 5 year lease agreement.
The charity also have lease commitments in respect of Garages for storage.
## **SECURED DEBTS**
The following secured debts are included within creditors:
|Hire purchase contracts|31.5.22
£
75,589|31.5.21
£
-|
|---|---|---|
continued...
Page 16
UK Homes 4 Heroes Pride And Passion Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Foyle Foundation
Silver Lady Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Foyle Foundation
Silver Lady Fund
**TOTAL FUNDS**|At 1.6.21
£
114,718
8,000
162
8,162
122,880
Incoming
resources
£
122,688
-
1,260
1,260
123,948|Net
movement
in funds
£
(4,119)
(8,000)
(162)
(8,162)
(12,281)
Resources
expended
£
(126,807)
(8,000)
(1,422)
(9,422)
(136,229)|At
31.5.22
£
110,599
-
-
-
110,599
Movement
in funds
£
(4,119)
(8,000)
(162)
(8,162)
(12,281)|
|---|---|---|---|
continued...
Page 17
UK Homes 4 Heroes Pride And Passion Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Foyle Foundation
Silver Lady Fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Foyle Foundation
Silver Lady Fund
**TOTAL FUNDS**||At 1.6.20
£
89,462
-
-
-
89,462
Incoming
resources
£
120,342
8,000
6,000
14,000
134,342||Net
movement
in funds
£
25,256
8,000
162
8,162
33,418
Resources
expended
£
(95,086)
-
(5,838)
(5,838)
(100,924)||At
31.5.21
£
114,718
8,000
162|
|---|---|---|---|---|---|---|
|||||||8,162|
|||||||122,880|
|||||||Movement
in funds
£
25,256
8,000
162|
|||||||8,162|
|||||||33,418|
## **Further information on funds.**
**Silver Lady** provided a restricted grant of £600 per month totalling £6000 with effect from June 2020 for food support.
**Foyle Foundation** provided a restricted grant of £8000 in January 2021 for the provision of feeding stations for the homeless.
**National Lottery Awards For All** provided a grant of £10,000 in June 2021 as Covid 19 support towards core funding.
continued...
Page 18
UK Homes 4 Heroes Pride And Passion Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2022.
Page 19