**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 2023**
## **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 2023**
||**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|
**THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
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 July 2023. 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 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 - Helping our members to feel valued and listened to, enabling members to develop responsibility and respect through social contact and being part of our growing community.
## **Background**
The Hut York Limited, is a registered charity and limited company established in 2011 by 3 senior nurses working in residential care. It was created in response to an increasing need for day facilities in York and to provide purposeful activities and support primarily for people with enduring mental health issues and/or learning disabilities.
The Hut buildings are single storey wheelchair accessible. The main building and the building adjacent are referred to as The Hubble. The charity is located on Wigginton Road near to York Hospital with good bus routes, and a place for members to be dropped off and picked up by transport.
Our service is open to any individual whose needs we can meet, although most of our members are adults with enduring mental health issues and/or learning disabilities, we open our services to the wider public providing that we are in a position to meet their needs.
The Hut offers a safe space where members can access a wide range of activities and learning opportunities. We provide arts, crafts in the studio and recently introduced a woodworking area, gardening has become very popular and the outside area has been transformed. We continue to develop Hut Made our social enterprise, where we make items to sell and give valuable opportunities to those who feel that they are ready for that next step.
We hold daily sessions to promote wellbeing, such as breathwork, meditation and body magic. The members, volunteers and staff are developing more bespoke weekly groups, promoting life skills in a Men's and Women's group where they have the opportunity to talk about anything in a non-judgemental environment, opening the door to respectful debate, forging bonds and friendships, and encouraging peer help and advice in sessions where they are learning through activities. The social skills and life skills group are now integrated into all sessions/workshops at The Hut, where members problem solve and improve self-esteem. The members are encouraged to socialise, giving them confidence and alleviating loneliness.
We have a drop-in session for members who are not interested in developing skills through our sessions but want to mix with other liked minded people. A Hearing Voices weekly session for voice hearers where shared experiences and acceptance help reduce feelings of social isolation and help members feel valued and understood, with all of this taking place at the now named, Wellness Club.
We hold workshops delivered by York Theatre Royal and have a group that attends the local archaeological digs in York.
The service offers training opportunities to both members and volunteers (helping to populate CVs and interview 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 (REGISTERED NUMBER: 07713526)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
## **The Charity's aims**
As a members led charity the opinions of our members are at the forefront of decisions we make. We hold an informal and relaxed members development meeting that captures what is important to them and the benefits of having The Hut, a service that meets the needs of so many.
## **Significant events during the year**
## **Impact of COVID-19**
We continue with no restrictions in place; however this is monitored and would be increased if needed. Members are encouraged to feel safe and have access to handwashing facilities / hand sanitiser and if they prefer, members can wear a face mask.
## **Appraisal of finances**
We generate income from session fees, donations and specific funding.
This last year the income has been spent on organisational running costs. These include building charges, an average of 5 staff salaries, the cost of training volunteers and materials for the sessions offered to our members.
The financial year 22/23 saw a successful roof replacement for the Hut building which was completed in January 2023.
## **Reserves Policy**
The Hut aims to hold sufficient reserves to meet ongoing running costs and provide reasonable financial security for the charity.
## **Ongoing projects and going concern position**
Phase 1 - Completion of the Hubble building in 2021.
Phase 2 - Completion of the roof replacement in January 2023.
Phase 3 of the development / renovation project - internal renovations of the main building which the Charity is currently looking to raise funds for.
## **Philosophy**
We believe we all need purpose. It's a proven fact that when people with mental health illness have focus and purpose in their lives their symptoms are more manageable, and quality of life is better. Our members' opinions are at the forefront of our decisions.
## **Vision**
Our vision is of a sustainable and wide programme of activities and educational courses for people with enduring mental health issues and/or learning disabilities, based on our members' aspirations and goals for the future.
## **Statutory declaration**
The trustees have complied with their duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.
## **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.
-2-
**THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
The policy for the recruitment of Trustees is that of recommendation. Prospective Trustees are required to provide a Curriculum Vitae in advance, which will be reviewed by the existing board members in consideration of eligibility and the needs of the organisation. An interview with the existing board members is then arranged, and on completion a 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 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 2 January 2024 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 2023.
## **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.
Linda Hare FCCA CTA
UHY Calvert Smith Chartered Accountants Heritage House Murton Way Osbaldwick York YO19 5UW
2 January 2024
-4-
**THE HUT YORK LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 85,002 26,768 111,770 51,507
Charitable activities 5
-
Day facilities and activities 31,172 31,172 30,974
-
Training and room hire 32,645 32,645 30,300
Investment income 4 2 - 2 -
Total 148,821 26,768 175,589 112,781
EXPENDITURE ON
Raising funds 6 165 1,031 1,196 -
Charitable activities
Day facilities and activities 127,384 14,091 141,475 111,838
Total 127,549 15,122 142,671 111,838
NET INCOME 21,272 11,646 32,918 943
RECONCILIATION OF FUNDS
Total funds brought forward 118,302 26,767 145,069 144,126
TOTAL FUNDS CARRIED FORWARD 139,574 38,413 177,987 145,069
**----- End of picture text -----**
The notes form part of these financial statements
-5-
**THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)**
## **BALANCE SHEET 31 JULY 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 100,536 - 100,536 105,481
CURRENT ASSETS
Debtors 13 11,566 5,914 17,480 5,114
Cash at bank and in hand 32,121 33,071 65,192 38,364
43,687 38,985 82,672 43,478
CREDITORS
Amounts falling due within one year 14 (4,649) (572) (5,221) (3,890)
NET CURRENT ASSETS 39,038 38,413 77,451 39,588
TOTAL ASSETS LESS CURRENT LIABILITIES 139,574 38,413 177,987 145,069
NET ASSETS 139,574 38,413 177,987 145,069
FUNDS 16
Unrestricted funds 139,574 118,302
Restricted funds 38,413 26,767
TOTAL FUNDS 177,987 145,069
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 2023**
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 2 January 2024 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 2023**
## **1. CHARITY INFORMATION**
The Hut York Limited is a private charitable company, limited by guarantee, registered with the 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**
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.
Freehold property - 5% straight line Fixtures and fittings - 33.3% straight line and 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.
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.
In accordance with the Charities SORP (FRS102), fixed assets acquired using restricted income are classified 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 2023**
## **2. 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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **3. DONATIONS AND LEGACIES**
|Grants and donations received
Donated goods
**4.**
**INVESTMENT INCOME**
Interest income
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fees
Day facilities and activities
Training and room hire
Training and room hire|**2023**
**£**
**110,716**
**1,054**
**111,770**
**2023**
**£**
**2**
**2023**
**£**
**31,172**
**32,645**
**63,817**||2022
£
51,507
-
51,507
2022
£
-
2022
£
30,974
30,300
61,274|
|---|---|---|---|
continued...
-9-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **6. RAISING FUNDS**
|**Raising donations and legacies**
Grant application support
**7.**
**SUPPORT COSTS**
Organisational
running
costs
£
Day facilities and activities
**141,430**
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
Travelling
Advertising and promotion
Insurance
Light and heat
Repairs and renewals
Cleaning
Roof repairs
Depreciation of tangible and heritage assets
Training|**2023**
**£**
**1,196**
Finance
£
**45**
**2023**
Day
facilities
and
activities
**£**
**68,469**
**-**
**1,578**
**944**
**546**
**2,595**
**1,955**
**10,311**
**2,525**
**513**
**1,898**
**35**
**823**
**1,238**
**4,126**
**4,157**
**1,770**
**30,970**
**5,999**
**978**
**141,430**|2022
£
-
Totals
£
**141,475**
2022
Total
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**|
|---|---|---|
continued...
-10-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **7. SUPPORT COSTS - continued Finance**
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|Day|
|facilities|
|and|Total|
|activities|activities|
|£|£|
|Bank charges|45|128|
**----- End of picture text -----**
## **8. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|£|£|
|Depreciation - owned assets|5,999|5,823|
|Hire of plant and machinery|944|2,163|
|Independent examiner's fee (inclusive of VAT)|1,614|1,397|
**----- End of picture text -----**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no Trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
## **Trustees' expenses**
There were no Trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.
## **10. STAFF COSTS**
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|Wages and salaries|68,469|76,798|
|Employer's National Insurance|-|571|
|Pensions|1,578|1,567|
|70,047|78,936|
|The average monthly number of employees during the year was as follows:|
|2023|2022|
|Employees|5|7|
**----- End of picture text -----**
No employees received emoluments in excess of £60,000.
## **Key Management Personnel:**
The key management personnel of the charity are considered to be the Trustees. The Trustees were not remunerated for their work.
continued...
-11-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
**----- Start of picture text -----**
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 20,711 30,796 51,507
Charitable activities
-
Day facilities and activities 30,974 30,974
-
Training and room hire 30,300 30,300
Total 81,985 30,796 112,781
EXPENDITURE ON
Charitable activities
Day facilities and activities 108,994 2,844 111,838
NET INCOME/(EXPENDITURE) (27,009) 27,952 943
Transfers between funds 16,736 (16,736) -
Net movement in funds (10,273) 11,216 943
RECONCILIATION OF FUNDS
Total funds brought forward 128,575 15,551 144,126
TOTAL FUNDS CARRIED FORWARD 118,302 26,767 145,069
**----- End of picture text -----**
continued...
-12-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
**----- Start of picture text -----**
12. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 August 2022 110,010 4,445 114,455
Additions - 1,054 1,054
-
Disposals (1,404) (1,404)
At 31 July 2023 110,010 4,095 114,105
DEPRECIATION
At 1 August 2022 5,500 3,474 8,974
Charge for year 5,500 499 5,999
-
Eliminated on disposal (1,404) (1,404)
At 31 July 2023 11,000 2,569 13,569
NET BOOK VALUE
At 31 July 2023 99,010 1,526 100,536
At 31 July 2022 104,510 971 105,481
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 17,480 5,114
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 605 312
Social security and other taxes 740 676
Other creditors 308 291
Credit card 1,840 813
Accrued expenses 1,728 1,798
5,221 3,890
**----- End of picture text -----**
continued...
-13-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **15. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
**16.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General
Phase 3 - The Hut Improvements
**Restricted funds**
The Hubble Health and Wellbeing
Programme
Great Outdoor Sessions
Phase 1 - Hubble Project
Phase 2 - Roof Replacement
Phase 3 - The Hut Improvements
Other Small Restricted Funds
**TOTAL FUNDS**|At 1.8.22
£
**118,302**
**-**
**118,302**
**2,226**
**-**
**20,178**
**485**
**-**
**3,878**
**26,767**
**145,069**|Net
movement
in funds
£
**(3,728)**
**25,000**
**21,272**
**(711)**
**4,376**
**-**
**-**
**5,000**
**2,981**
**11,646**
**32,918**|**2023**
**£**
**514**
**1,542**
**2,056**
Transfers
between
funds
£
**-**
**-**
**-**
**-**
**-**
**(20,178)**
**(485)**
**20,663**
**-**
**-**
**-**|2022
£
-
-
-
At
31.7.23
£
**114,574**
**25,000**
**139,574**
**1,515**
**4,376**
**-**
**-**
**25,663**
**6,859**
**38,413**
**177,987**|
|---|---|---|---|---|
continued...
-14-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General
Phase 2 - Roof Replacement
Phase 3 - The Hut Improvements
**Restricted funds**
The Hubble Health and Wellbeing
Programme
Great Outdoor Sessions
Phase 2 - Roof Replacement
Phase 3 - The Hut Improvements
Other Small Restricted Funds
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General
**Restricted funds**
The Hubble Health and Wellbeing
Programme
Phase 1 - Hubble Project
Phase 2 - Roof Replacement
Other Small Restricted Funds
**TOTAL FUNDS**|At 1.8.21
£
128,575
4,216
8,724
494
2,117
15,551
144,126|Incoming
resources
£
**98,821**
**25,000**
**25,000**
**148,821**
**-**
**10,001**
**1,031**
**5,000**
**10,736**
**26,768**
**175,589**
Net
movement
in funds
£
(27,009)
(329)
26,039
(9)
2,251
27,952
943|Resources
Movement
expended
in funds
£
£
**(102,549)**
**(3,728)**
**(25,000)**
**-**
**-**
**25,000**
**(127,549)**
**21,272**
**(711)**
**(711)**
**(5,625)**
**4,376**
**(1,031)**
**-**
**-**
**5,000**
**(7,755)**
**2,981**
**(15,122)**
**11,646**
**(142,671)**
**32,918**
Transfers
between
At
funds
31.7.22
£
£
16,736
118,302
(1,661)
2,226
(14,585)
20,178
-
485
(490)
3,878
(16,736)
26,767
-
145,069|
|---|---|---|---|
continued...
-15-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **16. 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
Phase 1 - Hubble Project
Phase 2 - Roof Replacement
Other Small Restricted Funds
**TOTAL FUNDS**|Incoming
resources
£
81,985
-
26,085
-
4,711
30,796
112,781|Resources
Movement
expended
in funds
£
£
(108,994)
(27,009)
(329)
(329)
(46)
26,039
(9)
(9)
(2,460)
2,251
(2,844)
27,952
(111,838)
943|
|---|---|---|
The notes above set out the restricted grants received and utilised in this and the prior year. The balance carried forward relates to funding which has not been utilised for its relevant restricted purpose as at the balance sheet date. These include:
The Hubble Health & Wellbeing Programme - The Hubble Health and Wellbeing Programme (previously known as the Aspire programme) is a members club which runs a number of sessions, with the aim of encouraging members to learn and develop skills which enable them to engage in meaningful occupation.
Great Outdoor Sessions - Relates to The Hut's 'Great Outdoor' sessions, which are run each friday by the Charity. These sessions involve participants helping with looking after the grounds around The Hut, and learning about plants, nature and the environment along the way.
Phase 1: Hubble Project - The Hubble Project relates to the conversion of the toilet block next to The Hut premises into a useable space for charitable activities.
Phase 2: Roof Replacement - Phase 2 relates to renovations on the main building in which The Hut York Limited carries out its charitable activities, principally the replacement of the roof.
Phase 3: The Hut Improvements/Renovations - Phase 3 relates to internal renovations and improvements to the main building in which The Hut York Limited carries out its charitable activities.
A £25,000 grant received during the year has also been designated by the Charity for use for Phase 3 project expenditure.
Other Small Restricted Funds - Relates to items of income and expenditure of a restricted nature, deemed to be immaterial due to their low value.
continued...
-16-
**THE HUT YORK LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **16. MOVEMENT IN FUNDS - continued**
## **Transfer of funds**
£485 has been reallocated between restricted funds - Phase 2 to Phase 3. The funding was originally received specifically for the purchase of a cooker, but this no longer required by the Charity. With the agreement of the donor, the funds have been transferred for the purposes of Phase 3.
A further £20,178 has also been reallocated between restricted funds - Phase 1 to Phase 3. This funding was originally received for the purposes of Phase 1, but required expenditure on Phase 1 was lower that the total funds received for these purposes. With the agreement of the donors, the funds have therefore been transferred for the purposes of Phase 3.
## **17. RELATED PARTY DISCLOSURES**
The Charity received £31,800 (2022: £30,300) in training income from companies in the which the trustees have a business interest.
The Charity received £1,031 (2022: £Nil) in donations from companies in which the trustees have a business interest.
The Charity received donated goods at a value of £1,054 (2022: £Nil) from companies in which the trustees have a business interest.
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