REGISTERED COMPANY NUMBER: 07713526 (England and Wales)
REGISTERED CHARITY NUMBER: 1147146
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
FOR
THE HUT YORK LIMITED
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW
THE HUT YORK LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
|
|
Page |
|
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
6 |
to |
7 |
Notes to the Financial Statements |
8 |
to |
17 |
Detailed Statement of Financial Activities |
18 |
to |
19 |
THE HUT YORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2021
Thetrusteeswhoarealsodirectorsof thecharityforthepurposesof theCompaniesAct 2006,presenttheirreportwith the
financialstatementsof thecharityfortheyearended31 July2021.Thetrusteeshaveadoptedtheprovisionsof Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January
2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's aims are:
- To improve the quality of life for our members through purposeful activity and learning opportunities
- Providing a meaningful, purposeful, and educational occupation in a safe space to our members
- Helpingour membersto feelvaluedand listenedto, enablingmembersto developresponsibilityand respectthrough social
contact and being part of our growing community.
Background
TheHutYorkLimited,isaregisteredcharityandlimitedcompanyestablishedin2011by3seniornursesworking in
residentialcare.It was createdin responseto an increasingneedfor day facilitiesin York and to providepurposeful activities
and support primarily for people with enduring mental health issues and/or learning disabilities.
TheHutbuildingsaresinglestoreywheelchairaccessible.ThemainHutbuildingwaspreviouslyleasedfromYork City
Council.Subsequently,we acquiredan assettransferfor the mainbuildingand alsofor an adjacentbuildingnow referred to
asTheHubble.ThecharityislocatedonWiggintonRoadneartoYorkHospitalwithgoodbusroutes,andaplace for
members to be dropped off by car.
Ourserviceisopentoanyindividualwhoseneedswecanmeet,althoughmostofourmembersareadultswith enduring
mentalhealthissuesand/orlearningdisabilities,we openour servicesto the widerpublicprovidingthat we arein a position
to meet their needs.
TheHutoffersasafespacewherememberscanaccessawiderangeofactivitiesandlearningopportunities.We provide
arts,craftsandmusicsessions,promotingphysicalwellbeingwithgamessessionsandchair-basedexercisesaswell as
healthy eating advice.
WeholdaweeklyMen'sLunchingClubgivingparticipantstheopportunitytotalkaboutanythingina non-judgemental
environment, opening the door to respectful debate, forging bonds and friendships, and encouraging peer help and advice.
Werunsocialskillsandworkexperienceprogrammes,promotinglearning,confidencebuildingandimproving self-esteem.
SteppingStonescontinuedthisyear,lookingatlifeanddailylivingskills.ThisisnowknownasTheHubbleHealth and
Wellbeingprogramme,formerlyknownastheAspireProgramme,whichrunssessionsincluding:MyJourney, Moving
Forward, Hut Scribes, Hut Made, Members Development Committees and Next Steps.
We runa HearingVoicesweeklysessionforvoicehearerswheresharedexperiencesandacceptancehelpto reduce feelings
ofsocialisolationandhelpmembersfeelvaluedandunderstood.WeholdworkshopsfromMEG(MEG-Music Education
Group), workshops in food craft, art and craft, pottery, fine art and printing.
We encourage and promote socialising, giving members confidence and alleviating loneliness.
Theserviceofferstrainingopportunitiestobothmembersandvolunteers(helpingtopopulateCVsandinterviewskills) and
offers bespoke training in all aspects of health and social care to a local group of care homes.
-1-
THE HUT YORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2021
The Charity's aims
Asamembersledcharitytheopinionsofourmembersareattheforefrontofdecisionswemake.Weholda monthly
membersdevelopmentgroupthatcaptureswhatisimportanttothemandthebenefitsofhavingTheHut,aservice that
meets the needs of so many.
Significant events during the year
Impact of COVID-19
Duringthecurrentandprioryear,startingfromMarch2020,TheHutYorkLimitedwastemporarilyclosedas a resultof the
COVID-19pandemicrestrictions.ThisclosurelasteduntilSeptember2020.DuringtheperiodJanuary- March2021The Hut
was temporarilyclosedagain.In total,this has reducedthe currentaccountingyearto an effective8 monthsof trading. The
charityhas madeuseof theCoronavirusJob RetentionSchemein thecurrentandprioryears,to helpalleviatethe financial
impactofthepandemicandtorestartoperationspostlockdowns.Thankfully,theTrusteesarenotawareofany significant
going concern risks as a result of the pandemic.
Opening of The Hubble
Attheendoftheperiod,theCharitycompletedthedevelopmentof'TheHubble',anewbuildingusedtoassistwith the
expansion of our service, to further meet the needs of our beneficiaries.
Appraisal of finances
We generate income from session fees, donations and specific funding.
Thislastyeartheincomehasbeenspentonorganisationalrunningcosts.Theseincludebuildingcharges,anaverageof 4
staff salaries, the cost of training volunteers and materials for the sessions offered to our members.
Reserves policy
TheHutaimstoholdsufficientreservestomeetongoingrunningcostsandprovidereasonablefinancialsecurityfor the
charity.
Philosophy
Webelieveweallneedpurpose.It'saprovenfactthatwhenpeoplewithmentalhealthillnesshavefocusandpurpose in
theirlivestheirsymptomsaremoremanageable,andqualityof lifeis better.Ourmembers'opinionsareat theforefront of
our decisions.
Vision
Ourvisionisofasustainableandwideprogrammeofactivitiesandeducationalcoursesforpeoplewithenduring mental
health issues and/or learning disabilities, based on our members' aspirations and goals for the future.
Statutory declaration
ThetrusteeshavecompliedwiththeirdutyundertheCharitiesAct2011tohavedueregardtopublicbenefit guidance
published by the Charities Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocuments,itsmemorandumandarticles,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
-2-
THE HUT YORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
ThepolicyfortherecruitmentofTrusteesisthatofrecommendation.ProspectiveTrusteesarerequiredtoprovide a
CurriculumVitaeinadvance,whichwillbereviewedbytheexistingboardmembersinconsiderationofeligibilityand the
needsof the organisation.An interviewwiththe existingboardmembersis then arranged,and on completiona vote is taken
in the absence of the candidate, before a final decision is announced.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07713526 (England and Wales)
Registered Charity number
1147146
Registered office
5 Rawcliffe Landing
York
North Yorkshire
YO30 1XL
Trustees
Mrs L Dexter
Mrs P Graver
Dr D Geddes
R C Dixon
R Buglass
Ms M Chung
Mrs C Porter
B Joscelyne
Mrs B Riley
Independent Examiner
Linda Hare FCCA CTA
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW
Approved by order of the board of trustees on 27 April 2022 and signed on its behalf by:
R Buglass - Trustee
-3-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE HUT YORK LIMITED
Independent examiner's report to the trustees of The Hut York Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsforthe purposesof companylaw)you areresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 ofthe2006Act and
areeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarried out
undersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedthe Directions
given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe 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 haveno concernsand havecomeacrossno othermattersin connectionwiththe examinationto whichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Linda Hare FCCA CTA
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW
27 April 2022
-4-
THE HUT YORK LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
51,578
Charitable activities
4
Day facilities and activities
15,381
Training and room hire
21,360
Total
88,319
EXPENDITURE ON
Charitable activities
Day facilities and activities
77,350
NET INCOME
10,969
Transfers between funds
13
93,686
Net movement in funds
104,655
RECONCILIATION OF FUNDS
Total funds brought forward
23,920
TOTAL FUNDS CARRIED FORWARD
128,575 |
Restricted
funds
£
69,273
-
-
69,273
8,876
60,397
(93,686)
(33,289)
48,840
15,551 |
2021
Total
funds
£
120,851
15,381
21,360
157,592
86,226
71,366
-
71,366
72,760
144,126 |
2020
Total
funds
£
85,459
13,913
23,600 |
|
|
|
122,972
79,656 |
|
|
|
43,316
- |
|
|
|
43,316
29,444 |
|
|
|
72,760 |
The notes form part of these financial statements
-5-
THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)
BALANCE SHEET 31 JULY 2021
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
106,962
CURRENT ASSETS
Debtors
11
114
Cash at bank and in hand
43,059
43,173
CREDITORS
Amounts falling due within one year
12
(21,560)
NET CURRENT ASSETS
21,613
TOTAL ASSETS LESS CURRENT LIABILITIES
128,575
NET ASSETS
128,575
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
15,551
15,551
-
15,551
15,551
15,551 |
2021
Total
funds
£
106,962
114
58,610
58,724
(21,560)
37,164
144,126
144,126
128,575
15,551
144,126 |
2020
Total
funds
£
-
2,323
73,211 |
|
|
|
75,534
(2,774) |
|
|
|
72,760 |
|
|
|
72,760 |
|
|
|
72,760 |
|
|
|
23,920
48,840 |
|
|
|
72,760 |
The charitablecompanyis entitledto exemptionfromauditunderSection477 of the CompaniesAct 2006 for the year ended
31 July 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31July 2021
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...
-6-
THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)
BALANCE SHEET - continued
31 JULY 2021
Thesefinancialstatementshavebeenpreparedin accordancewiththe provisionsapplicableto charitablecompanies subject
to the small companies regime.
The financialstatementswereapprovedby theBoardof Trusteesand authorisedforissueon 27 April2022 and were signed
on its behalf by:
R Buglass - Trustee
The notes form part of these financial statements
-7-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
1. CHARITY INFORMATION
TheHutYorkLimitedisa privatecharitablecompany,limitedbyguarantee,registeredwiththeCharity Commission
in England and Wales.
The address of its registered office is 5 Rawcliffe Landing, York, North Yorkshire, YO30 1XL.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'TheFinancialReportingStandardapplicableintheUKandRepublicof Ireland'andtheCompanies Act
2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedas expenditureas soonas thereisa legalorconstructiveobligationcommittingthe charity
to that expenditure,it is probablethat a transferof economicbenefitswillbe requiredin settlementand the amount
of theobligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisandhas been classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributed 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.
Freehold property- 5% straight line
Fixtures and fittings- 20% straight line
Depreciation charges commence from when an asset is brought into use by the charity.
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
InaccordancewiththeCharitiesSORP(FRS102),fixedassetsacquiredusingrestrictedincomeareclassified as
unrestricted when this is consistent with their use.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
-8-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021
2. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straightlinebasis over
the period of the lease.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Reclassification of income
Incomefrommembers'sessionfeesandfromtrainingdeliveredbythecharityhasbeenreclassifiedas charitable
activities,havingpreviouslybeenincludedasothertradingactivities.Thisclassificationisconsideredto better
represent the nature of these activities, in accordance with the Charity SORP (FRS102).
This change has no effect on the previously stated results or financial position of the charity.
3. DONATIONS AND LEGACIES
Grants and donations received
Fundraising committee |
2021
£
120,847
4
120,851 |
2020
£
83,387
2,072 |
|
|
85,459 |
ThefundraisingcommitteeisseparatetoTheHut.Theyraiseincomeforthecharitythrougha rangeof fundraising
events. The net proceeds from these events are paid to The Hut and shown as donations per the above note.
Grants and donations received, included in the above, are as follows:
Grants and donations received
|
2021 |
2020 |
|
£ |
£ |
Charitable grants and donations received |
117,328 |
56,031 |
COVID-19 grant |
- |
10,000 |
Coronavirus job retention scheme income |
3,522 |
17,357 |
|
|
|
|
120,850 |
83,388 |
|
|
|
continued...
-9-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021
4. |
INCOME FROM CHARITABLE ACTIVITIES |
INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
2021 |
2020 |
|
|
Activity |
|
£ |
£ |
|
Fees |
Day facilities and activities |
|
15,381 |
13,913 |
|
Training and room hire |
Training and room hire |
|
21,360 |
23,600 |
|
|
|
|
36,741 |
37,513 |
5. |
SUPPORT COSTS |
|
|
|
|
|
|
|
Organisational |
|
|
|
|
|
running |
|
|
|
|
|
costs |
Finance |
Totals |
|
|
|
£ |
£ |
£ |
|
Day facilities and activities |
|
86,194 |
32 |
86,226 |
|
Support costs, included in the |
above, are as follows: |
|
|
|
|
Organisational running costs |
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
Day |
|
|
|
|
|
facilities |
|
|
|
|
|
and |
Total |
|
|
|
|
activities |
activities |
|
|
|
|
£ |
£ |
|
Wages and salaries |
|
|
58,390 |
61,107 |
|
Social security |
|
|
899 |
1,354 |
|
Pensions |
|
|
1,566 |
1,657 |
|
Equipment hire |
|
|
1,482 |
1,507 |
|
Rent and rates |
|
|
769 |
(73) |
|
Accountancy and professional |
|
|
2,902 |
2,936 |
|
Activities |
|
|
1,480 |
351 |
|
Materials |
|
|
1,695 |
1,348 |
|
Telephone |
|
|
1,561 |
871 |
|
Postage and stationery |
|
|
571 |
348 |
|
Sundries |
|
|
369 |
210 |
|
Advertising and promotion |
|
|
296 |
506 |
|
Insurance |
|
|
642 |
555 |
|
Light and heat |
|
|
4,937 |
3,277 |
|
Repairs and renewals |
|
|
3,657 |
2,205 |
|
Cleaning |
|
|
2,036 |
1,119 |
|
Bad debts |
|
|
2,149 |
- |
|
Depreciation of tangible and heritage assets |
|
|
323 |
- |
|
Training |
|
|
470 |
311 |
|
|
|
|
86,194 |
79,589 |
continued...
-10-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
5. SUPPORT COSTS - continued Finance
SUPPORT COSTS - continued
Finance |
|
|
|
2021 |
2020 |
|
Day |
|
|
facilities |
|
|
and |
Total |
|
activities |
activities |
|
£ |
£ |
Bank charges |
32 |
67 |
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2021 |
2020 |
|
£ |
£ |
Depreciation - owned assets |
323 |
- |
Hire of plant and machinery |
1,482 |
1,507 |
Independent examiner's fee (inclusive of VAT) |
1,356 |
1,145 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2021norfortheyearended 31
July 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
8. STAFF COSTS
|
2021 |
2020 |
|
|
|
Wages and salaries |
58,390 |
61,107 |
Employer's National Insurance |
899 |
1,354 |
Pensions |
1,566 |
1,657 |
|
|
|
|
60,855 |
64,118 |
|
|
|
The average monthly number of employees during the year was as follows: |
|
|
|
2021 |
2020 |
|
|
|
Employees |
4 |
5 |
|
|
|
No employees received emoluments in excess of £60,000.
Key Management Personnel:
continued...
-11-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
8. STAFF COSTS - continued
ThekeymanagementpersonnelofthecharityareconsideredtobetheTrustees.TheTrusteeswere not
remunerated for their work.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
59,205
Charitable activities
Day facilities and activities
13,913
Training and room hire
23,600
Total
96,718
EXPENDITURE ON
Charitable activities
Day facilities and activities
72,328
NET INCOME
24,390
Transfers between funds
(18,995)
Net movement in funds
5,395
RECONCILIATION OF FUNDS
Total funds brought forward
18,526
TOTAL FUNDS CARRIED FORWARD
23,921 |
Restricted
funds
£
26,254
-
-
26,254
7,328
18,926
18,995
37,921
10,918
48,839 |
Total
funds
£
85,459
13,913
23,600 |
|
|
122,972
79,656 |
|
|
43,316
- |
|
|
43,316
29,444 |
|
|
72,760 |
continued...
-12-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
10.
TANGIBLE FIXED ASSETS
COST
At 1 August 2020
Additions
At 31 July 2021
DEPRECIATION
At 1 August 2020
Charge for year
At 31 July 2021
NET BOOK VALUE
At 31 July 2021
At 31 July 2020
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Credit card
Accrued expenses |
Freehold
property
£
-
105,668
105,668
-
-
-
105,668
- |
Fixtures
and
fittings
£
2,828
1,617
4,445
2,828
323
3,151
1,294
-
2021
£
114
2021
£
319
929
15,164
908
4,240
21,560 |
Fixtures
and
fittings
£
2,828
1,617
4,445
2,828
323
3,151
1,294
-
2021
£
114
2021
£
319
929
15,164
908
4,240
21,560 |
Totals
£
2,828
107,285 |
Totals
£
2,828
107,285 |
Totals
£
2,828
107,285 |
|
|
|
|
110,113 |
|
|
|
|
|
|
2,828
323 |
|
|
|
|
|
|
3,151 |
|
|
|
|
|
|
106,962 |
|
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
2020
£
2,323 |
|
|
|
|
|
|
2020
£
112
664
317
380
1,301 |
|
|
|
|
|
|
2,774 |
continued...
-13-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
13. MOVEMENT IN FUNDS
Net
movement
At 1.8.20
in funds
£
£
Unrestricted funds
General
23,920
10,969
Restricted funds
The Hubble Health and Wellbeing
Programme
2,567
(12)
Phase 1 - Hubble Project
44,407
59,287
Other Small Restricted Funds
1,372
1,122
Phase 2 - The Hut Renovations
494
-
48,840
60,397
TOTAL FUNDS
72,760
71,366
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General
88,319
Restricted funds
The Hubble Health and Wellbeing
Programme
2,765
Phase 1 - Hubble Project
64,787
Other Small Restricted Funds
1,721
69,273
TOTAL FUNDS
157,592 |
Transfers
between
At
funds
31.7.21
£
£
93,686
128,575
1,661
4,216
(94,970)
8,724
(377)
2,117
-
494
(93,686)
15,551
-
144,126
Resources
Movement
expended
in funds
£
£
(77,350)
10,969
(2,777)
(12)
(5,500)
59,287
(599)
1,122
(8,876)
60,397
(86,226)
71,366 |
|
|
continued...
-14-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.8.19 |
in funds |
funds |
31.7.20 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General |
961 |
24,389 |
(1,430) |
23,920 |
Phase 1 - General |
17,565 |
- |
(17,565) |
- |
|
18,526 |
24,389 |
(18,995) |
23,920 |
Restricted funds |
|
|
|
|
The Hubble Health and Wellbeing |
|
|
|
|
Programme |
4,832 |
(2,301) |
36 |
2,567 |
Mens Group |
3,431 |
(3,490) |
59 |
- |
Phase 1 - New Building |
560 |
- |
(560) |
- |
Garden |
40 |
- |
(40) |
- |
Phase 2 - Kitchen/Cooker |
148 |
- |
(148) |
- |
Snug Refurbishment |
295 |
- |
(295) |
- |
Non Bake |
297 |
- |
(297) |
- |
Phase 1 - Hubble Project |
- |
24,768 |
19,639 |
44,407 |
Building Works |
1,315 |
- |
(1,315) |
- |
Other Small Restricted Funds |
- |
(396) |
1,768 |
1,372 |
Phase 2 - The Hut Renovations |
- |
346 |
148 |
494 |
|
10,918 |
18,927 |
18,995 |
48,840 |
TOTAL FUNDS |
29,444 |
43,316 |
- |
72,760 |
continued...
-15-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General
Restricted funds
The Hubble Health and Wellbeing
Programme
Mens Group
Phase 1 - Hubble Project
Other Small Restricted Funds
Phase 2 - The Hut Renovations
TOTAL FUNDS |
Incoming
resources
£
96,718
1
-
24,967
940
346
26,254
122,972 |
Resources
Movement
expended
in funds
£
£
(72,329)
24,389
(2,302)
(2,301)
(3,490)
(3,490)
(199)
24,768
(1,336)
(396)
-
346
(7,327)
18,927
(79,656)
43,316 |
|
|
|
Thenotesabovesetouttherestrictedgrantsreceivedandutilisedinthisandtheprioryear.Thebalance carried
forwardrelatestofundingwhichhasnotbeenutilisedforitsrelevantrestrictedpurposeasatthebalance sheet
date. These include:
TheHubbleHealth&WellbeingProgramme-TheHubbleHealthandWellbeingProgramme(previouslyknown as
the Aspireprogramme)is a membersclubwhichruns a numberof sessions,withthe aim of encouragingmembers to
learn and develop skills which enable them to engage in meaningful occupation.
Men'sGroup-TheMen'sGroupoffersaconfidentialsafespaceformalememberstotalkaboutanything.Itis a
non-judgementalspacein whichmembersdebatewithone another,expresstheirfeelingsand offerhelpto others in
a respectful, safe environment.
Phase1:HubbleProject-TheHubbleProjectrelatestotheconversionofthetoiletblocknexttoTheHut premises
into a useable space for charitable activities.
Phase2:TheHutRenovations-Phase2relatestorenovationsonthemainbuildinginwhichTheHutYork Limited
carries out its charitable activities.
OtherSmallRestrictedFunds-Relatestoitemsofincomeandexpenditureofarestrictednature,deemedto be
immaterial due to their low value.
Transfer of funds
£3,097hasbeenallocatedfromgeneraltorestrictedfundsinrespectofrestrictedbankandcreditcard expenditure
madefromgeneralfundsduringtheyear,inrelationtoPhase1:HubbleProject,TheHubbleHealth& Wellbeing
Programme and Other Small Restricted Funds.
£7,660hasbeenallocatedfromgeneraltorestrictedfundsintheperiodbytheTrustees,inrespectofPhase 1:
Hubble Project.
continued...
-16-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021
13. MOVEMENT IN FUNDS - continued
£104,443has beenallocatedfromrestrictedto generalfundsin the year,in respectof capitalexpenditurewhere the
correspondingrestrictionhasendedatthepointoftherelevantcapitalpurchase.Themajorityofthis amounts
relatestocapitalexpenditureinrespectofbuildingandlegalexpenditureforthePhase1:HubbleProject building
conversion.
14. RELATED PARTY DISCLOSURES
TheCharityreceived£21,360(2020:£23,400)intrainingincomefromcompaniesinthewhichthetrusteeshave a
business interest.
TheCharityrecharged£6,853(2020:£Nil)inpayrollcostsinrelationtoemployeesecondmentstocompanies in
which the trustees have a business interest.
The Charityreceiveda £15,000loanin the yearfroma companyin whichtrusteeshavea businessinterest.The loan
is interest free and repayable on demand.
-17-