Charity registration number 1156642
Cornpany ragl$tration numbar 08768149 (England and Wales)
HOLY TRINITY (HULL) DEVELOPMENT TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

HOLY TRINITY (HULL) DEVELOPMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Thistsas
J H Robinson
S Martin
R Alden
l Ogilvie
Charfty number
1156642
Company numbor
08768149
Reglstsrèd offic•
Hull Minster
Souih Churth Side
Hull
East Yorkshlre
HU11RR
Indopendent •xamln•r
Fawley Judge & Easton
Chartered Certified Accountant8
1 Parliament Street
Hull
East Yorkshire
HU12AS

HOLY TRINITY (HULL) DEVELOPMENT TRUST
CONTENTS
Pago
Trustees, report
Independent examinerfs report
Stalgment of financial activitlas
8alanc8 sheel
Notes to the financial statement8
6-12

HOLY TRINrrY (HULL) DEVELOPMENT TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report and accounts for the year ended 31 December 2024,
The finanaal statements have been prepared in accordance with the accounting policies set out in note 2 to the
financial statements and comply with the the trust's goveming docum8nl. the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing
their accounts in accordance with th8 Financial Reporting Standard applicable in th8 UK and Republic of Ireland
(FRS 102) (effective 1 January 2019)"
Obioctlves and a¢tlvltle8
The the trust's objects are lo provide or assist in the provision of facilities in the int8r8Sts of social welfare for
recreation or other leisure time occupation of individuals who have need of such facilities by reason of th8ir
youth, age, infirmity or disability, financial hardship or social and economic circumstances with the object of
improving their conditions of life,. and to advanc8 th8 Christian faith by th8 maintenance, repair or restoration of
Holy Trinity Church, Hull including supporting th8 Parochial Church Council of the Ecclesiastical Parish of the
Most Holy and Undivided Trinity Hull in the maintenance. repair or restoratlon of the church.
Holy Trinily Church was renamed Hull Minster after it was re4esignated byArchbishop Sentamu ofyork in 2017.
Policies have been adopted in furtherance of these objetxs and therè has been no changes in thase during the
year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
the trust should undertake.
Achlevemgnts and perforniance
2024 ha8 seen little finance activity within the Trust but a huge amount of board support, advice and mentoring
towards the PCC of Holy Trinity, Hull in embedding the 'Phase 3, project and ensuring its succe88 to bring about
long-temi financial sustainability.
The trust, in conjunction wlth the, PCC of Holy Trlnlty, Hull, will set the prlorlties for th9 remainlng funds and
create a strategy for th8 next projects and dev81opments.
Flnanclal rovlew
The truslees are satlsfled with the financlal posltlon of the trust at the Balance Sh891 date.
It is the policy of the trust thal unrestricled funds which have not been designated for a specific use should be
maintained at a minimum level equivalent to betsveen three and six month's expenditure. The Irustees considers
that reserves at this lavel will ensure that, in the event of a significant drop in funding, they will be able to
continue the th8 Irust's current activities while consideration is given to ways in which additional funds may be
raised. This level of reserves has been maintained throughout the year.
The truste8s have assessed the major risks to which the the twst is exposed, and are satisfied that syst8ms are
in place to mitigate exposure to the major risks.
Structurei governance and management
The trust is a company limited by guarantee and regISte￿d with the Charity Commissioners on 81h November
2013.
The trustees, who are also the directors for the purpose of company law, and who served during th8 year and up
to the date of signature of the financial statements were:
J H Robinson
S Martin
R Alden
l Ogilvie

HOLY TRINITY (HULL) DEVELOPMENT TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees have been recruited from the public who are engaged in th8 procurement of the objeclives of the
trust.
None of the trustees has any beneficial interest in the company. All of the trustee5 are rnembers of the company
and guarantee to Contribute £1 in the event of a winding up.
The trust is Controlled by the directors, who with the support of a project committee deliver the airns and
objectives the trust.
The trust was formed to provide the fun(kraising requirements for the Holy Trinity Church. Hull development
scheme. The monies raised will be gifted to Holy Trinity Church, Hull who in tum will pay for the works through
Hoty Trinty Development Ltd. a wholly owned company of the Parochial Church Council of Holy Tiiniiy. All
organisations have common members.
The trustee¥, report was approved by the Board of Trustees.
J H Roblnson
Trustee
Dated.. 14 March 2025

HOLY TRINITY (HULL) DEVELOPMENT TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEAIBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Nots8
Income from:
Donations and legacies
Investments
127,983
2,856
148
128,129
2,856
1,059
1,059
2,493
2,493
Totsl Income
130,839
130,985
2.493
1,059
3,552
Expendlturn on:
Charitable activities
2.026
78,437
78.463
13,622
178.893
192,515
Total oxpondlturo
2,026
76,437
78,463
13,622
178,893
192.515
Not Incomel(oxpondltural
128,813
(76,291)
52,522
(11,129) (177,834) (188,963)
Transfers between
funds
(43,543)
43,543
Net M0￿mOnt in
lund8
85,270
(32,748)
52,522
(11,129) (177,834) (188,963)
Raconclllatlon of funds:
Fund balances at 1 January
2024
198,635
32,748
231,383
209,764
210,582
420,346
Fund balancas at 31
Decambor 2024
283,905
283,905
198,835
32,748
231,383
The statemenl of financial activitias in¢ludes all galns and lossa8 reGognised in Ihe year. All Income and expenditure
derive from continuing activities.

HOLY TRINITY (HULL) DEVELOPMENT TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOLY TRINITY (HULL) DEVELOPMENT TRUST
I report to the tTUStees on my exarnination of the financial slalements of Holy Trinity (Hull) Development Trust
(the th8 trust) for the year ended 31 December 2024.
Responsibilltles and basls of report
As the trustees of the th8 trust (and also its directors for the purposes of company law) you a￿ responsible for
the preparation of the finanaal statements in accordance with the requirements of the Companies Act 2006
(the 2006 Act).
Having satisfied myself that the financial statements of the the trust are not required to be audited under Part
16 of the 2006 Act and are eligible for independ8nt examination, I report in respect of my examination of the
the trusfs financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Ad). In
Carrying out my examination I hav8 followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of tha 2011 Act.
Independant examine￿$ statemént
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believa that in any material raspect..
accounting records were not kept in respect of the the trust as required by saction 388 of the 2006 Act., or
the financial statements do not accord with those racords., or
the financial statements do not comply with the accounting requirement8 of sectlon 396 of the 2006 Act
olher than any requirement that the accounts give a true and fair view which is not a matter consid8r8d as
part of an independent 8xaminalion; or
the financial statements have not been prepared In accordance with the methods and principles of thé
Statement of Recommended Practice for accounting and reporting by charities applicabl8 to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021.
I have no concerns and have come across no other matters in connectton with the examination to which
attention sho
e drawn in this report in order to enable a proper understsnding of the financial statements to
an M Leathley-
ley Judge & Easton
arterpd C9rtified Accountants
1 Parliament Street
Hull
East Yorkshire
HU12AS
Dated: 14 March 2025

HOLY TRINITY (HULL) DEVELOPMENT TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notss
Current ag30ts
Cash at bank and in hand
285,764
233,269
Credltor8: amounts falllng due wlthln
one year
10
(1,859)
(1,886)
Net current as¥et8
283,905
231,383
Income lund•
Restricted funds
Unrestricted fvnds
32,748
198,635
283,905
283,906
231,383
The cornpany 18 entitled to the exemptron from the audlt requirement contained in sectlon 477 of the Companies Act
2006, for the year ended 31 December 2024.
The members have not required the c%)mpany to obtaln an audit of these financial statements.
The directors acknow18dge their responsibilities for compFying with the requirements of the Companies Act 2008
with re8pect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audlt of rts financial statem8nts for the year In question
In accordance with $8Ction 476.
These financial statements have been prepar8d In accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statemenls wer• approved by the Trustees on 14 March 2025
J H Robinson
Trustèe
Company Reglstratlon No. 08768149

HOLY TRINITY (HULL) DEVELOPMENT TRUST
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
Critlcal accounting estimates and Judgaments
In the application of the the trust's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions a￿ based on historical experience and other
factors that are considered to be relevant. Actual results may differ from th8se estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in thé period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both Current and future
periods.
Ac¢ountlng pollcl¢8
Company information
Holy Trinity {Hull) Development Trust is a private company limited by guarantee Incorporated In England and
Wales. The registered office is Hull Minster, South Church Side, Hull, East Yorkshlre. HU11 RR.
2.1 Ac¢ountlng conventlon
The financial statements have been prepared in accordance with the the trust's [governing document], the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland. {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Slatement of
Recommended Practice applicable lo 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). The
the trust is a Public Benefit Entity as defined by FRS 102.
The the trust has taken advantage of the provi8ions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statament of
Recommend8d Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has Since been withdrawn.
The financial statements are prepared in sterling, which is the fijnctional currency of th• the trust. Monetary
amounts in these financlal stalements are rounded to the nearest £.
The financial statements have been prepared under the historical cost conventlon, [modlfied to indude Ihe
revaluation of freehold properties and to include investment properties and certaln finandal Instruments at fair
valuej. The principal accounting policies adopled are set out below.
2.2 Golng concern
At the time of approving the financial statements. the trustees have a reasonable expectation that the the trust
has ad8quat8 resources to continue in operational existence for the foreseeable future. Thus the trustees
¢ontinu8 to adopt the going concern basis of accounting in preparing the financial statement5.
2.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their chariiable
objectives.
Restrict8d funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the Capital must be maintained by the the
trust.

HOLY TRINITY (HULL) DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
(Contlnued)
2.4 Incoming re¥ources
Income is recognised when the the trust is legally entiued to it after any p8rformance conditions hav8 been
met, the amounts can be measured reliably, and it is probable that inc0rn8 will be received.
Cash donats'ons are recognised on receipt. Other donations ar8 recognised once the th8 trust has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable
In relatlon to donatlons received under Gift Aid or deeds of covenant 18 recognised at the time of the donation.
Legacies are recognlsed on receipt or otherwise rf th8 the trust ha8 been notified of an impending dSstrlbution,
the amount is known, and receipt is expected. If the amount is not known, tha legacy 18 treated as a
contingent asset.

HOLY TRINITY (HULL) DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcle8
(Continued}
2.5 Resources expended
Expenditure 15 shown inclusive of any attributable VAT except for grants to donors.
2.6 Cash and cash equlvalents
Cash and cash equiva18nts include cash in hand, deposits held at call with bank5, Other short-temi liquid
inveslments with original maturitiès of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabi1rt18S.
Inancial assets
Basic financial assets, which include debtors and cash and bank balances, ar8 initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangem8nt constitutes a financing transaction. where the transaction is
measured at the present value of th8 future receipts discounted at a market rate of interest. Financial assets
classified a8 r8ceivable within one year are not amortis8d.
Bas1¢ flnanelal Ilabllltles
Basic financial liabilities, Including creditors and bank loans are initialty recognised at transaction price unle5S
th8 arrangement constitute3 a financing transaction, where the debt instrum8nl is measured al the present
value of the future payments discounted at a market rale of interest. Financial liabiliti8s classified as payable
within on8 year are not amortised.
Debt instruments are subsequently carried at arnorti8ed cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or s8rvices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassif18d as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost U8ing the effective interest method.
Derocognition of financlal Ilabilitles
Financial liabilities are derecognised when the the trusys contractual obligations explre or are discharged or
cancelled.
2.7 Employee beneffts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
re￿ived.
Termination benefits are recognised immediately as an expense when the the trust is demonstrably committed
to terminate the employment of an employ88 or to provide termination benefits.

HOLY TRINITY (HULL) DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donations and logaclos
Unrestrictsd Rastrictsd
funds
funds
Total Restrict8d
funds
2024
2024
2024
2023
Donatlons and gffts
Grants
146
127,983
1,059
127,983
127.983
146
128,129
1,059
Donatlon8 and g1ft4
Other
148
146
1,059
146
146
1,059
Grants rncelvable for coro actlvltlo8
127.983
127.983
127,983
127,983
Income from Invostments
Unrostrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
2,856
2,493

HOLYTRINITY (HULL) DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charitable activities
Developmen D•valopmen
2024
2023
Dlrect costs
Hull Minster- Grants
76,543
190,715
Share of support and governance costs (see note 7)
Governance
1.920
1,800
78,463
192,515
Analysls by fund
Unrestricted funds
Restricted funds
2,026
76,437
13,622
178,893
78,463
192.515
Net movam8nt in funds
2024
2023
The net movement in funds is stated after chargingl{crediting):
Fees payable for the independent examination of the charity's financial
statements
1,920
1,800
Support C08ts
Support Govornanca
costs
costs
2024
2023
Audit fees
3,600
1,920
1,920
1,800
3,600
1,920
1,920
1,800
Analysed bebNeen
Charitable activities
3,600
1,920
1,920
1,800
Govemance costs includes payments to the auditors of £1,920 (2023- £1,800) for the independent
examination and non-audit fees.
Trustees
None of the trustees (or any persons connected with them) received any remuneration or expenses during the
year.
10-

HOLY TRINITY (HULL) DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Development
There were no employees whose annual remuneration was £60,000 or more.
10 Credltors: amounts falllng duo wlthin ono year
2024
2023
Accruals and deferred income
1,859
1.886
11 Unrestrfcted funds
The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incomlng
resourcos
Resources
oxpended
Transfers
At31
December
2024
General funds
198,635
130.839
(2,028)
(43,543)
283,905
Prevlous year:
At 1 January
2023
Incomlng
resources
Resources
expended
Transfers
At31
December
2023
General funds
209,764
2,493
(13,822)
198,635
12 Analysls of net assets between funds
Unrestricted
funds
2024
Restrlcted
funds
2024
Totsl
2024
At 31 December 2024:
Current assetsl(liabilitiesl
283,905
283,905
283.905
283,905
11

HOLY TRINITY (HULL) DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Analysis of net assets beiween fund6
(Continued)
Unregtrlctsd
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 Dacember 2023:
Currenl assetsl(liabilities)
198,635
32.748
231.383
198.835
32,748
231,383
13 Relatsd party tran$actlon•
Transactlons wlth rnlatod partlos
During the year the the trust entered into the foll¢Nving tran5actlons with related parties:
Developmont Project
2024
2023
PCC Holy Trinity Hull
76,437
190,715
76.437
190.715
At 31 st December 2024 there were no balances due belween the Trust and the PCC Holy Trinity Hull (2023-
£0).
12-