OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-07-31-accounts

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 2024

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 2024

----- 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 20
----- End of picture text -----

THE HUT YORK LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Charity's aims are:

Background

The Hut York Limited is a registered charity and limited company established in 2011 by 3 psychiatric 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 able to meet their needs.

The Hut offers a safe space where members can access a wide range of activities, learning opportunities and counselling therapy. Together with the members we design the activities timetable providing arts, crafts in the studio, a woodworking area and gardening in our outdoor space which promotes physical and mental wellbeing, closing the week with a firm favourite of bingo. We continue to develop Hut Made our social enterprise, where the members make items to keep or sell.

In the Wellness Club, we hold daily sessions to promote wellbeing in breathwork, meditation and body magic as well as weekly Hearing Voices sessions for voice hearers where shared experiences and acceptance help reduce feelings of social isolation and help members feel valued and understood.

We offer opportunities to go into the community to do recycling, attend the local archaeological digs in York and monthly workshops are delivered by York Theatre Royal at The Hut.

The activities on offer are to promote self-esteem and we use a coaching model to encourage our members to reach their full potential, building friendships, improving confidence, goal setting and reducing isolation. As a members led charity the opinions and feedback of our members are at the forefront of the 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.

The service also 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 2024

OBJECTIVES AND ACTIVITIES Significant activities

Appraisal of finances

We generate income from session fees, health and social care training, room hire, selling Hut made produce, donations and specific funding.

This last year the income has been spent on organisational running costs and the start of our exciting Phase 3 project - upgrading the Hut's main building. Organisational running costs includes building charges, an average of 5 staff salaries, the cost of materials for the sessions offered to our members, costs to deliver health and social care training, and marketing/publicity costs.

Achievements and performance

July 2019

The buildings are owned by City of York Council and in 2019 we successfully agreed an asset transfer on a 99-year lease for both buildings at a peppercorn rate. With the asset transfer in place, we proposed a five-year plan, in three phases to modernise and upgrade the buildings to meet the standards of our service, providing the members a better and more suitable use of space.

2021 - Phase 1

Completion of the Hubble building, transforming it from a public toilet block to much needed space for an office, a kitchenette and the main room for wellbeing sessions and counselling therapy. Cost - £110,000

2023 - Phase 2

Completion of the roof replacement in January 2023. Cost - £32,000

Ongoing - Phase 3

Plans and designs are in place to upgrade and carry out internal renovations of the main building. The Lottery have confirmed their support of £80,000 towards the project and The Kirkby Foundation have committed £20,000. We continue to raise further funds through grants and donations to meet the budget of £211,200.

Reserves Policy

The Hut aims to hold sufficient reserves to meet ongoing running costs and provide reasonable financial security for the charity.

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 Charity Commission.

-2-

THE HUT YORK LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

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

Principal address

The Hut York Wiggington Road Clarence Gardens York YO31 8HG

Trustees

Mrs L Dexter Mrs P Graver R C Dixon (resigned 10/10/2024) 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

-3-

THE HUT YORK LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

Approved by order of the board of trustees on 23 April 2025 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 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, 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

23 April 2025

-5-

THE HUT YORK LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024

----- Start of picture text -----
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 21,754 120,234 141,988 111,770
Charitable activities 5
-
Day facilities and activities 26,148 26,148 31,172
-
Training and room hire 35,600 35,600 32,645
Investment income 4 1 - 1 2
Total 83,503 120,234 203,737 175,589
EXPENDITURE ON
Raising funds 6 1,090 630 1,720 1,196
Charitable activities
Day facilities and activities 111,008 12,462 123,470 141,475
Total 112,098 13,092 125,190 142,671
NET INCOME/(EXPENDITURE) (28,595) 107,142 78,547 32,918
Transfers between funds 17 1,382 (1,382) - -
Net movement in funds (27,213) 105,760 78,547 32,918
RECONCILIATION OF FUNDS
Total funds brought forward 159,752 18,235 177,987 145,069
TOTAL FUNDS CARRIED FORWARD 132,539 123,995 256,534 177,987
----- End of picture text -----

The notes form part of these financial statements

-6-

THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

BALANCE SHEET 31 JULY 2024

----- Start of picture text -----
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 13 95,825 - 95,825 100,536
CURRENT ASSETS
Debtors 14 4,718 105,733 110,451 17,480
Cash at bank and in hand 37,476 19,211 56,687 65,192
42,194 124,944 167,138 82,672
CREDITORS
Amounts falling due within one year 15 (5,480) (949) (6,429) (5,221)
NET CURRENT ASSETS 36,714 123,995 160,709 77,451
TOTAL ASSETS LESS CURRENT LIABILITIES 132,539 123,995 256,534 177,987
NET ASSETS 132,539 123,995 256,534 177,987
FUNDS 17
Unrestricted funds 132,539 159,752
Restricted funds 123,995 18,235
TOTAL FUNDS 256,534 177,987
----- 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 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

-7-

THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

BALANCE SHEET - continued 31 JULY 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 April 2025 and 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 2024

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.

The address of its principal place of business is The Hut York, Wiggington Road, Clarence Gardens, York, YO31 8HG.

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.

Leasehold improvements - 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.

continued...

-9-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

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

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

4.

Grants and donations received
Donated goods
INVESTMENT INCOME
Interest income		 2024
a
£
141,988
-
141,988
2024
a
£
1		 2023
s restated
£
110,716
1,054
111,770
2023
s restated
£
2

continued...

-10-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Fees
Day facilities and activities
Training and room hire
Training and room hire
6.
RAISING FUNDS
Raising donations and legacies
Grant application support
7.
SUPPORT COSTS
Organisational
running
costs
£
Day facilities and activities
120,579
Support costs, included in the above, are as follows:
Organisational running costs
Wages and salaries
Social security
Pensions
Equipment hire
Rent and rates
Activities
Materials
Telephone
Postage and stationery
Carried forward		 2024
a
£
26,148
35,600
61,748
2024
a
£
1,720
Governance
Finance
costs
£
£
32
2,859
2024
a
Day
facilities
and
activities
£
80,292
495
2,099
989
4,748
885
8,037
2,428
373
100,346		 2023
s restated
£
31,172
32,645
63,817
2023
s restated
£
1,196
Totals
£
123,470
2023
s restated
Total
activities
£
68,469
-
1,578
944
546
1,955
10,311
2,525
513
86,841

continued...

-11-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

7. SUPPORT COSTS - continued

Organisational running costs - continued

Brought forward
Sundries
Travelling
Advertising and promotion
Insurance
Light and heat
Repairs and renewals
Cleaning
Roof repairs
Improvements to the Hut
Depreciation of tangible assets
Training
Finance
Bank charges		 2024
a
Day
facilities
and
activities
£
100,346
1,079
-
390
1,282
2,171
4,518
1,246
-
1,714
6,376
1,457
120,579
2024
a
Day
facilities
and
activities
£
32		 2023
s restated
Total
activities
£
86,841
1,898
35
823
1,238
4,126
4,157
1,770
30,970
-
5,999
978
138,835
2023
s restated
Total
activities
£
45

continued...

-12-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

7. SUPPORT COSTS - continued Governance costs

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |as restated| |Day| |facilities| |and|Total| |activities|activities| |£|£| |Accountancy and legal fees|2,859|2,595|

----- End of picture text -----

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |as restated| |£|£| |Depreciation - owned assets|6,376|5,999| |Hire of plant and machinery|989|944| |Independent examiner's fee (inclusive of VAT)|1,692|1,614|

----- End of picture text -----

9. TRUSTEES' REMUNERATION AND BENEFITS

None of the trustees received remuneration or other benefits during the current or previous year.

Trustees' expenses

The trustees did not have any expenses reimbursed in the current or previous year.

10. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |as restated| |£|£| |Wages and salaries|80,292|68,469| |Social security costs|495|-| |Other pension costs|2,099|1,578| |82,886|70,047| |The average monthly number of employees during the year was as follows:| |2024|2023| |as restated| |Charity service providers|5|5|

----- End of picture text -----

continued...

-13-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

10. STAFF COSTS - continued

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 are not remunerated for providing their services.

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
85,002
Charitable activities
Day facilities and activities
31,172
Training and room hire
32,645
Investment income
2
Total
148,821
EXPENDITURE ON
Raising funds
165
Charitable activities
Day facilities and activities
127,384
Total
127,549
NET INCOME
21,272
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
118,302
Prior year adjustment
20,178
As restated
138,480
TOTAL FUNDS CARRIED FORWARD
159,752		 Restricted
funds
as
£
26,768
-
-
-
26,768
1,031
14,091
15,122
11,646
26,767
(20,178)
6,589
18,235		 Total
funds
restated
£
111,770
31,172
32,645
2
175,589
1,196
141,475
142,671
32,918
145,069
-
145,069
177,987

continued...

-14-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

12. PRIOR YEAR ADJUSTMENT

It has been recognised that income received in a previous period was allocated to a restricted fund although no such restrictions were applied by the donors when the income was donated.Adjustment has therefore been made to allocate this income to unrestricted funds.

The effect on the comparative amounts (note 17) are as follows:

Changes to the Funds

As previously
Adjustment at
As restated at
reported
01.08.23
31.07.23
£
£
£
Unrestricted funds
139,574
20,178
159,752
Restricted funds
38,413
(20,178)
18,235		 As previously
Adjustment at
As restated at
reported
01.08.23
31.07.23
£
£
£
Unrestricted funds
139,574
20,178
159,752
Restricted funds
38,413
(20,178)
18,235		 As previously
Adjustment at
As restated at
reported
01.08.23
31.07.23
£
£
£
Unrestricted funds
139,574
20,178
159,752
Restricted funds
38,413
(20,178)
18,235		 As previously
Adjustment at
As restated at
reported
01.08.23
31.07.23
£
£
£
Unrestricted funds
139,574
20,178
159,752
Restricted funds
38,413
(20,178)
18,235
Total funds 177,987 - 177,987

The prior year adjustment has not affected the comparative Statement of Financial Activities apart from with regard to the brought forward and carried forward fund balances (note 11).

In addition, tangible fixed asset expenditure in respect of the property from which the charity operates has been classified as freehold property. The property to which the expenditure relates is let to the charity on a 99 year lease and therefore the expenditure has been reclassified as leasehold improvements (note 13). No changes are required to the amounts as previously disclosed or the rate of depreciation of the assets.

13. TANGIBLE FIXED ASSETS

Leasehold
improvements
£
COST
At 1 August 2023
110,010
Additions
-
At 31 July 2024
110,010
DEPRECIATION
At 1 August 2023
11,000
Charge for year
5,500
At 31 July 2024
16,500
NET BOOK VALUE
At 31 July 2024
93,510
At 31 July 2023
99,010		 Fixtures
and
fittings
£
4,095
1,665
5,760
2,569
876
3,445
2,315
1,526		 Totals
£
114,105
1,665
115,770
13,569
6,376
19,945
95,825
100,536

continued...

-15-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |as restated| |£|£| |Other debtors|5,786|-| |Accrued income|104,360|16,714| |Prepayments|305|766| |110,451|17,480| |15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |2024|2023| |as restated| |£|£| |Trade creditors|1,471|605| |Social security and other taxes|893|740| |Other creditors|426|308| |Credit card|1,692|1,840| |Accrued expenses|1,947|1,728| |6,429|5,221|

----- End of picture text -----

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |as restated| |£|£| |Within one year|261|258|

----- End of picture text -----

continued...

-16-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

17. MOVEMENT IN FUNDS

Unrestricted funds
General
Phase 3 - The Hut Improvements
Restricted funds
The Hubble Health and Wellbeing
Programme
Great Outdoor Sessions
Phase 3 - The Hut Improvements
Other Small Restricted Funds
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General
Phase 3 - The Hut Improvements
Restricted funds
The Hubble Health and Wellbeing
Programme
Great Outdoor Sessions
Phase 3 - The Hut Improvements
Other Small Restricted Funds
TOTAL FUNDS		 Net
movement
At 1.8.23
in funds
£
£
114,574
(33,595)
45,178
5,000
159,752
(28,595)
1,515
(847)
4,376
(4,351)
5,485
114,956
6,859
(2,616)
18,235
107,142
177,987
78,547
s follows:
Incoming
resources
£
78,503
5,000
83,503
-
-
117,300
2,934
120,234
203,737		 Transfers
between
At
funds
31.7.24
£
£
21,560
102,539
(20,178)
30,000
1,382
132,539
-
668
(25)
-
-
120,441
(1,357)
2,886
(1,382)
123,995
-
256,534
Resources
Movement
expended
in funds
£
£
(112,098)
(33,595)
-
5,000
(112,098)
(28,595)
(847)
(847)
(4,351)
(4,351)
(2,344)
114,956
(5,550)
(2,616)
(13,092)
107,142
(125,190)
78,547

continued...

-17-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General
Phase 1 - Hubble Project
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		 Prior
Net
year
movement
At 1.8.22
adjustment
in funds
£
£
£
118,302
-
(3,728)
-
20,178
-
-
-
25,000
118,302
20,178
21,272
2,226
-
(711)
-
-
4,376
20,178
(20,178)
-
485
-
-
-
-
5,000
3,878
-
2,981
26,767
(20,178)
11,646
145,069
-
32,918		 Transfers
between
funds
£
-
(20,178)
20,178
-
-
-
-
(485)
485
-
-
-		 At
31.7.23
£
114,574
-
45,178
159,752
1,515
4,376
-
-
5,485
6,859
18,235
177,987

continued...

-18-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

17. MOVEMENT IN FUNDS - continued

Comparative 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		 Incoming
resources
£
98,821
25,000
25,000
148,821
-
10,001
1,031
5,000
10,736
26,768
175,589		 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

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 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 charity carries out its charitable activities, principally the replacement of the roof.

Phase 3: The Hut Improvements - Phase 3 relates to internal renovations and improvements to the main building in which the charity carries out its charitable activities. At the year-end date, this fund also includes £30,000 that has been designated by the trustees for expenditure on this project. The expenditure on this project is expected to have been incurred in full in the next financial year.

continued...

-19-

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

17. MOVEMENT IN FUNDS - continued

Other Small Restricted Funds - Relates to items of income and expenditure of a restricted nature, deemed to be immaterial due to their low value.

Transfers between funds

Current year

£20,178 has been transferred from Phase 3 designated funds to general funds in the year. This funding was reallocated from Phase 1 in the previous year. With the agreement of the donors, the funds have been transferred to general funds to cover a shortfall in funds available for running costs.

The restriction on fixed assets purchased using restricted funds in the year has been removed once purchased, with the agreement of the donors, this being a total of £1,382.

Prior year

£485 was allocated between restricted funds - Phase 2 to Phase 3. These funds were originally received specifically for the purchase of a cooker, but this was no longer required by the charity. With the agreement of the donor, the funds were transferred for the purposes of Phase 3.

A further £20,178 was reallocated between designated funds - Phase 1 to Phase 3. This funding was originally allocated for the purposes of Phase 1, but required expenditure on Phase 1 was lower than the total funds received for these purposes. With the agreement of the donors, the funds were therefore transferred for the purposes of Phase 3. This amount was allocated to restricted funds in the previous year's financial statements and has been amended by a prior year adjustment (note 12).

18. RELATED PARTY DISCLOSURES

The charity received £35,270 (2023 - £31,800) in training income from companies in the which some of the trustees have a business interest.

The charity received £Nil (2023 - £1,031) in donations from companies in which some of the trustees have a business interest.

The charity received donated goods at a value of £Nil (2023 - £1,054) from companies in which some of the trustees have a business interest.

-20-