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 2022
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 2022
----- Start of picture text -----
Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 17
----- End of picture text -----
THE HUT YORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2022
Thetrusteeswhoarealsodirectorsof thecharityforthepurposesof theCompaniesAct 2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31July2022.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 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
-Helpingourmemberstofeelvaluedandlistenedto,enablingmemberstodevelopresponsibilityandrespect through
social contact and being part of our growing community.
Background
TheHutYorkLimited,isaregisteredcharityandlimitedcompanyestablishedin2011by3seniornursesworking in
residentialcare.ItwascreatedinresponsetoanincreasingneedfordayfacilitiesinYorkandtoprovide purposeful
activities and support primarily for people with enduring mental health issues and/or learning disabilities.
TheHutbuildingsaresinglestoreywheelchairaccessible.Themainbuildingandthebuildingadjacentarereferredto as
TheHubble.ThecharityislocatedonWiggintonRoadneartoYorkHospitalwithgoodbusroutes,andaplace for
members to be dropped off and picked up by transport.
Our serviceis opento any individualwhoseneedswe can meet,althoughmostof our membersare adultswith enduring
mentalhealthissuesand/orlearningdisabilities,weopenourservicestothewiderpublicprovidingthatwearein a
position to meet their needs.
The Hut offersa safe spacewherememberscan accessa widerangeof activitiesand learningopportunities.We provide
arts, crafts,gardeningand musicsessions,promotingphysicaland mentalwellbeingwithgamessessionsand chair-based
exercises and Hut Made our social enterprise, where we make items to sell and give valuable volunteering opportunities.
Weholddailysessionstopromotewellbeing,suchasmediationandbodytappingandweeklygroups promoting
lifeskillsinaMen'sgroupwheretheyhavetheopportunitytotalkaboutanythinginanon-judgemental environment,
opening the door to respectful debate, forging bonds and friendships, and encouraging peer help and advice.
Werunsocialskillsandworkexperienceprogrammes,promotinglearning,confidencebuildingand improving
self-esteem.SteppingStonescontinuedtolookatlifeanddailylivingskills.AHearingVoicesweeklysessionfor voice
hearerswheresharedexperiencesand acceptancehelpreducefeelingsof socialisolationand helpmembersfeel valued
and understood, with all of this taking place at the Hubble in the Hubble Health and Wellbeing programme.
WeholdworkshopsfromMEG(MEG-MusicEducationGroup),haveagroupthatattendsthelocalarchaeological digs
in York and a monthly workshop delivered by York Theatre Royal.
We encourage and promote socialising, giving members confidence and alleviating loneliness.
Theserviceofferstrainingopportunitiestobothmembersandvolunteers(helpingtopopulateCVsandinterview skills)
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 2022
The Charity's aims
As a membersledcharitytheopinionsofourmembersareattheforefrontofdecisionswemake.Weholdan informal
andrelaxedmembersdevelopmentmeetingthatcaptureswhatisimportanttothemandthebenefitsofhaving The
Hut, a service that meets the needs of so many.
Significant events during the year
Impact of COVID-19
Wereducedthelevelofrestrictionsbackdowntoanormallevelthroughtheperiodandcontinuetomonitor any
changes which would have an impact on the service.
Appraisal of finances
We generate income from session fees, donations and specific funding.
This last yearthe incomehas beenspenton organisationalrunningcosts.Theseincludebuildingcharges,an averageof 7
staff salaries, the cost of training volunteers and materials for the sessions offered to our members.
Thefinancialyear21/22sawTheHutcontinuingtorecoverfromCOVID-19,andprioritywasmadetocompletePhase 1
of the grant funded Hubble project.
Reserves Policy
TheHutaimsto holdsufficientreservesto meetongoingrunningcostsandprovidereasonablefinancialsecurityfor the
charity.
Ongoing projects and going concern position
Phase2 ofthedevelopment/ renovationproject- toreplacetheroofofthemainHutbuildingwhichwascompleted in
January 2023.
Phase3ofthedevelopment/renovationproject-internalrenovationsofthemainbuildingwhichtheCharity is
currently looking to raise funds for.
TheCharityhasreceivedasignificantlevelofgrantsanddonationsinthe22/23financialyear,aswellasan increased
level of membership fee income, which have served to strengthen the charity's overall financial position.
Philosophy
Webelieveweallneedpurpose.It'sa provenfactthatwhenpeoplewithmentalhealthillnesshavefocusand purpose
intheirlivestheirsymptomsaremoremanageable,andqualityoflifeisbetter.Ourmembers'opinionsareat the
forefront of our decisions.
Vision
Our visionis of a sustainableand wideprogrammeof activitiesand educationalcoursesfor peoplewithenduring 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.
-2-
THE HUT YORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
ThepolicyfortherecruitmentofTrusteesisthatofrecommendation.ProspectiveTrusteesarerequiredtoprovide a
CurriculumVitaeinadvance,whichwillbereviewedbytheexistingboardmembersinconsiderationofeligibility and
the needsof the organisation.An interviewwiththe existingboardmembersis thenarranged,and on completiona vote
is taken in the absence of the candidate, before a final decision is announced.
-3-
THE HUT YORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2022
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 (resigned 20/7/2022)
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 15 May 2023 and signed on its behalf by:
R Buglass - Trustee
-4-
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 2022.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)you areresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
and areeligibleforindependentexamination,I reportin respectof my examinationof yourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should 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
15 May 2023
-5-
THE HUT YORK LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2022
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
20,711
Charitable activities
4
Day facilities and activities
30,974
Training and room hire
30,300
Total
81,985
EXPENDITURE ON
Charitable activities
Day facilities and activities
108,994
NET INCOME/(EXPENDITURE)
(27,009)
Transfers between funds
13
16,736
Net movement in funds
(10,273)
RECONCILIATION OF FUNDS
Total funds brought forward
128,575
TOTAL FUNDS CARRIED FORWARD
118,302 |
Restricted
funds
£
30,796
-
-
30,796
2,844
27,952
(16,736)
11,216
15,551
26,767 |
2022
Total
funds
£
51,507
30,974
30,300
112,781
111,838
943
-
943
144,126
145,069 |
2021
Total
funds
£
120,851
15,381
21,360 |
|
|
|
157,592 |
|
|
|
86,226 |
|
|
|
71,366
- |
|
|
|
71,366
72,760 |
|
|
|
144,126 |
The notes form part of these financial statements
-6-
THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)
BALANCE SHEET
31 JULY 2022
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
105,481
CURRENT ASSETS
Debtors
11
5,114
Cash at bank and in hand
11,597
16,711
CREDITORS
Amounts falling due within one year
12
(3,890)
NET CURRENT ASSETS
12,821
TOTAL ASSETS LESS CURRENT LIABILITIES
118,302
NET ASSETS
118,302
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
26,767
26,767
-
26,767
26,767
26,767 |
2022
Total
funds
£
105,481
5,114
38,364
43,478
(3,890)
39,588
145,069
145,069
118,302
26,767
145,069 |
2021
Total
funds
£
106,962
114
58,610
58,724
(21,560)
37,164
144,126
144,126
128,575
15,551 |
|
|
|
144,126 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 July 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 July 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...
-7-
THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)
BALANCE SHEET - continued
31 JULY 2022
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon15May2023and were
signed on its behalf by:
R Buglass - Trustee
The notes form part of these financial statements
-8-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
1. CHARITY INFORMATION
TheHutYorkLimitedisaprivatecharitablecompany,limitedbyguarantee,registeredwiththe Charity
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
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'and the
Companies 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
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charityto thatexpenditure,it is probablethata transferof economicbenefitswillbe requiredin settlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated 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.
Restrictedfundscan onlybe used for particularrestrictedpurposeswithinthe objectsof the charity. 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.
continued...
-9-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022
2. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedto theStatementof FinancialActivitiesintheperiodto which
they relate.
3. DONATIONS AND LEGACIES
Grants and donations received
Fundraising committee |
2022
£
51,507
-
51,507 |
2021
£
120,847
4 |
|
|
120,851 |
ThefundraisingcommitteeisseparatetoTheHut.Theyraiseincomeforthecharitythrougharange of
fundraisingevents.ThenetproceedsfromtheseeventsarepaidtoTheHutandshownasdonationsper the
above note.
Grants and donations received, included in the above, are as follows:
Grants and donations received
|
2022 |
2021 |
|
£ |
£ |
Charitable grants and donations received |
51,506 |
117,328 |
Coronavirus job retention scheme income |
- |
3,522 |
|
|
|
|
51,506 |
120,850 |
|
|
|
continued...
-10-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
4. INCOME FROM CHARITABLE ACTIVITIES
INCOME FROM CHARITABLE ACTIVITIES |
|
|
Activity
Fees
Day facilities and activities
Training and room hire
Training and room hire |
2022
£
30,974
30,300
61,274 |
2021
£
15,381
21,360 |
|
|
36,741 |
5.
SUPPORT COSTS
Organisational
running
costs
£
Day facilities and activities
111,710
Support costs, included in the above, are as follows:
Organisational running costs
Wages and salaries
Social security
Pensions
Equipment hire
Rent and rates
Accountancy and professional
Activities
Materials
Telephone
Postage and stationery
Sundries
Advertising and promotion
Insurance
Light and heat
Repairs and renewals
Cleaning
Bad debts
Depreciation of tangible and heritage assets
Training |
Finance
£
128
2022
Day
facilities
and
activities
£
76,798
571
1,567
2,163
645
2,689
2,093
3,017
2,463
359
895
161
929
4,340
3,235
1,508
-
5,823
2,454
111,710 |
Totals
£
111,838 |
|
|
2021
Total
activities
£
58,390
899
1,566
1,482
769
2,902
1,480
1,695
1,561
571
369
296
642
4,937
3,657
2,036
2,149
323
470 |
|
|
86,194 |
continued...
-11-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
5. SUPPORT COSTS - continued Finance
|
2022 |
2021 |
|
Day |
|
|
facilities |
|
|
and |
Total |
|
activities |
activities |
|
£ |
£ |
Bank charges |
128 |
32 |
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2022 |
2021 |
|
£ |
£ |
Depreciation - owned assets |
5,823 |
323 |
Hire of plant and machinery |
2,163 |
1,482 |
Independent examiner's fee (inclusive of VAT) |
1,397 |
1,356 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2022norfortheyear ended
31 July 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
8. STAFF COSTS
|
2022 |
|
2021 |
|
|
|
|
Wages and salaries |
76,798 |
|
58,390 |
Employer's National Insurance |
571 |
|
899 |
Pensions |
1,567 |
|
1,566 |
|
|
|
|
|
|
|
|
|
78,935 |
|
60,855 |
|
|
|
|
|
|
|
|
The average monthly number of employees during the year was as follows: |
|
|
|
|
2022 |
|
2021 |
|
|
|
|
Employees |
7 |
|
4 |
|
|
|
|
No employees received emoluments in excess of £60,000.
continued...
-12-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022
8. STAFF COSTS - continued
Key Management Personnel:
ThekeymanagementpersonnelofthecharityareconsideredtobetheTrustees.TheTrusteeswere not
remunerated for their work.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
51,578
Charitable activities
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
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 |
Total
funds
£
120,851
15,381
21,360 |
|
|
157,592 |
|
|
86,226 |
|
|
71,366
- |
|
|
71,366
72,760 |
|
|
144,126 |
continued...
-13-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
10. TANGIBLE FIXED ASSETS
10.
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
COST
At 1 August 2021
Additions
At 31 July 2022
DEPRECIATION
At 1 August 2021
Charge for year
At 31 July 2022
NET BOOK VALUE
At 31 July 2022
At 31 July 2021
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
4,342
110,010
-
5,500
5,500
104,510
105,668 |
|
Fixtures
and
fittings
£
4,445
-
4,445
3,151
323
3,474
971
1,294
2022
£
5,114
2022
£
312
676
291
813
1,798
3,890 |
Totals
£
110,113
4,342 |
|
|
|
|
|
|
114,455 |
|
|
|
|
|
|
3,151
5,823 |
|
|
|
|
|
|
8,974 |
|
|
|
|
|
|
105,481 |
|
|
|
|
|
|
106,962 |
|
|
|
|
|
|
|
2021
£
114
2021
£
319
929
15,164
908
4,240 |
2021
£
114 |
|
|
|
|
|
21,560 |
|
continued...
-14-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022
13. MOVEMENT IN FUNDS
Net
movement
At 1.8.21
in funds
£
£
Unrestricted funds
General
128,575
(27,009)
Restricted funds
The Hubble Health and Wellbeing
Programme
4,216
(329)
Phase 1 - Hubble Project
8,724
26,039
Other Small Restricted Funds
2,117
2,251
Phase 2 - Roof Replacement
494
(9)
15,551
27,952
TOTAL FUNDS
144,126
943
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General
81,985
Restricted funds
The Hubble Health and Wellbeing
Programme
-
Phase 1 - Hubble Project
26,085
Other Small Restricted Funds
4,711
Phase 2 - Roof Replacement
-
30,796
TOTAL FUNDS
112,781 |
Transfers
between
At
funds
31.7.22
£
£
16,736
118,302
(1,661)
2,226
(14,585)
20,178
(490)
3,878
-
485
(16,736)
26,767
-
145,069
Resources
Movement
expended
in funds
£
£
(108,994)
(27,009)
(329)
(329)
(46)
26,039
(2,460)
2,251
(9)
(9)
(2,844)
27,952
(111,838)
943 |
|
|
continued...
-15-
THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.8.20 |
in funds |
funds |
31.7.21 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General |
23,920 |
10,969 |
93,686 |
128,575 |
Restricted funds |
|
|
|
|
The Hubble Health and Wellbeing |
|
|
|
|
Programme |
2,567 |
(12) |
1,661 |
4,216 |
Phase 1 - Hubble Project |
44,407 |
59,287 |
(94,970) |
8,724 |
Other Small Restricted Funds |
1,372 |
1,122 |
(377) |
2,117 |
Phase 2 - Roof Replacement |
494 |
- |
- |
494 |
|
48,840 |
60,397 |
(93,686) |
15,551 |
TOTAL FUNDS |
72,760 |
71,366 |
- |
144,126 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General
Restricted funds
The Hubble Health and Wellbeing
Programme
Phase 1 - Hubble Project
Other Small Restricted Funds
TOTAL FUNDS |
Incoming
resources
£
88,319
2,765
64,787
1,721
69,273
157,592 |
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 |
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 |
|
|
|
60,397 |
|
|
|
71,366 |
The notesaboveset out the restrictedgrantsreceivedand utilisedin this and the prioryear.The balance carried
forwardrelatesto fundingwhichhas notbeenutilisedforitsrelevantrestrictedpurposeas at thebalance sheet
date. These include:
TheHubbleHealth&WellbeingProgramme-TheHubbleHealthandWellbeingProgramme(previously known
astheAspireprogramme)isamembersclubwhichrunsanumberofsessions,withtheaimof encouraging
members to learn and develop skills which enable them to engage in meaningful occupation.
continued...
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THE HUT YORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022
13. MOVEMENT IN FUNDS - continued
Phase1:HubbleProject-TheHubbleProjectrelatestotheconversionofthetoiletblocknexttoThe Hut
premises into a useable space for charitable activities.
Phase2:RoofReplacement- Phase2 relatestorenovationsonthemainbuildinginwhichTheHutYork Limited
carries out its charitable activities, principally the replacement of the roof.
OtherSmallRestrictedFunds- Relatestoitemsofincomeandexpenditureofa restrictednature,deemedto be
immaterial due to their low value.
Transfer of funds
Netfundsof£10,302havebeenreallocatedfromrestrictedtounrestrictedfundsintheyear,to reimburse
amountspreviouslymetfromunrestrictedfundsaheadof the receiptof restrictedgrantfunding;£10,757 having
been recognised as transfer from unrestricted to restricted funds in the year ended 31 July 2021.
£6,434hasbeenallocatedfromrestrictedtogeneralfundsintheyear,inrespectofcapitalexpenditure where
the correspondingrestrictionhas endedat the pointof the relevantcapitalpurchase(thisfigureincluding £2,092
previouslyaccrued).ThiscapitalexpenditureisinrespectofbuildingandlegalexpenditureforthePhase 1:
Hubble Project building conversion.
14. RELATED PARTY DISCLOSURES
The Charityreceived£30,300 (2021:£21,360)in trainingincomefromcompaniesin the whichthe trusteeshave a
business interest.
TheCharityrecharged£Nil(2021:£6,853)inpayrollcostsinrelationtoemployeesecondmentstocompanies in
which the trustees have a business interest.
TheCharityrepaida £15,000loanininfullfroma companyinwhichtrusteeshavea businessinterest;this loan
having been advanced in the prior year on an interest free basis.
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