| Secretary | Ms L M Hilder | ||
|---|---|---|---|
| Charity number | 1163981 | ||
| Company | number | 05051891 | |
| Registered | office | 185Preston Road | |
| Hull | |||
| East Yorkshire | |||
| England | |||
| HU9 5UY | |||
| Auditor | Fawley Judge | & Easton | |
| Chartered Certified Accountants |
|||
| 1 Parliament | Street | ||
| Hull | |||
| East Yorkshire | |||
| HU1 2AS |
| Page | ||
|---|---|---|
| Trustees' report |
1-3 | |
| Statement of trustees' |
responsibilities | |
| Independent auditor's |
report | 5-6 |
| Statement of financial | activities | |
| Balance sheet | ||
| Statement of cash flows |
||
| Notes to the financial | statements | 10-20 |
| Unrestricted | Restricted | Total | Unrestncted | Unrestncted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| Notes | 8 | F | 6 | 8 | F | |||
| Income and endowments Donations and legacies Charitable activities Other income |
from: 124,441 692,614 313 |
59,000 | 183,441 692,614 313 |
122,198 655,734 40 |
30,000 | 152,198 655,734 40 |
||
| Total income | 817,368 | 59,000 | 876,368 | 777,972 | 30,000 | 807,972 | ||
| ~E* dit Charitable activities |
621,358 | 59,370 | 680,728 | 617,814 | 617,814 | |||
| Other | 10 | 293,123 | 293,123 | 245,851 | 245,851 | |||
| Total resources expended |
914,481 | 59,370 | 973,851 | 863,665 | 863,665 | |||
| Net gains/(losses) on investment properties |
11 | 1,725,816 | 1,725,816 | 929,041 | 929,041 | |||
| Net | ||||||||
| incoming/(outgoing) resources before |
1,628,703 | (370) | 1,628,333 | 843,348 | 30,000 | 873,348 | ||
| transfers | ||||||||
| Gross transfers between funds |
(370) | 370 | ||||||
| Net income forthe year/ Net movement in funds |
1,628,333 | 1,628,333 | 843,348 | 30,000 | 873,348 | |||
| Fund balances at 1 April 2022 |
2,814,525 | 2,814,525 | 1,941,177 | 1,941,177 | ||||
| Fund balances at 31 March 2023 |
4,442, 858 | 4,442, 858 | 2,784,525 | 30,000 | 2,814,525 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | 6 | 8 | 8 | |||
| Fixed assets Investment properties |
13 | 9,726,895 | 8,001,079 | |||
| Current assets Debtors Cash at bank and in hand |
14 | 586,457 4,232 |
688,316 3,467 |
|||
| 590,689 | 691,783 | |||||
| Creditors: amounts one year |
falling due within | 16 | (542,505) | (521,086) | ||
| Net current assets | 48,184 | 170,697 | ||||
| Total assets less current liabilities | 9,775,079 | 8,171,776 | ||||
| Creditors: amounts more than one year |
falling due after | 17 | (5,332,221) | (5,357,251) | ||
| Net assets | 4,442,858 | 2,814,525 | ||||
| Income funds Restricted funds Unrestricted funds |
4,442,858 | 30,000 2,784,525 |
||||
| 4,442,858 | 2,814,525 |
| Notes | 2023 | 2022 8 |
f | |||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Cash generated from/(absorbed by) operations |
21 | 23,395 | (590,127) | |||
| Investing activities Purchase of investment property |
(352,112) | |||||
| Net cash used in investing |
activities | (352,112) | ||||
| Financing activities Repayment of bank loans |
(22,630) | 75,607 | ||||
| Net cash (used in)/generated from financing activities |
(22,630) | 75,607 | ||||
| Net increase/(decrease) in equivalents |
cash and cash | 765 | (866,632) | |||
| Cash and cash equivalents | at beginning | ofyear | 3,467 | 870,098 | ||
| Cash and cash equivalents | at end of | year | 4,232 | 3,467 |
| Charitable | activities | |||
|---|---|---|---|---|
| Rental | Rental | |||
| Properties | Properties | |||
| 2023 | 2022 | |||
| E | E | |||
| Charitable | rental income | 692,614 | 655,734 | |
| 5 | Other income |
| Other income | ||||
|---|---|---|---|---|
| Unrestricted Unrestricted |
||||
| funds | funds | |||
| 2023 | 2022 | |||
| E | E | |||
| 313 | 40 | |||
| Other income | ||||
| Charitable | activities | |||
| Rental | Rental | |||
| Properties Properties |
||||
| 2023 | 2022 | |||
| E | E | |||
| Staff costs Property repairs &maintenance insurance Council Tax Bad &doubtful debt Henry Smith expenditure |
167,097 337,055 33,697 39,634 59,370 |
226,659 284,836 22,600 (496) 61,082 |
||
| 636,853 | 594,681 | |||
| Share ofsupport costs (see note 7) Share ofgovernance costs (see note 7) |
7,000 36,875 |
7,000 16,133 |
||
| 680,728 | 617,814 | |||
| Analysis by fund Unrestricted funds Restricted funds |
621,358 59,370 |
617,814 | ||
| 680,728 | 617,814 | |||
| Forthe year Unrestricted |
ended funds |
31 March 2022 | 617,814 |
| Support | Governance | 2023 | 2022 | ||
|---|---|---|---|---|---|
| costs | costs | ||||
| f | 8 | ||||
| Operating | lease charges | 7,000 | 7,000 | 7,000 | |
| Accountancy Legal and professional |
2,700 34,175 |
2,700 34,175 |
3,108 13,025 |
||
| 7,000 | 36,875 | 43,875 | 23,133 | ||
| Analysed Charitable |
between activities |
7,000 | 36,875 | 43,875 | 23,133 |
| Theaverage | monthly num |
ber ofemployees |
during the year was: | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Number | Number | ||||
| 12 | |||||
| Employment | costs | 2023 8 |
2022 | ||
| Wages and salaries Social security costs Other pension costs |
147,654 16,147 3,296 |
215,532 10,249 878 |
|||
| 167,097 | 226,659 |
| Unrestricted | Total |
|---|---|
| funds | |
| 2023f | 2022 f |
| 293123 | 245 851 |
| 293,123 | 245,851 |
| Net gains/(l | oss | es) on inv |
estments | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2023f | 2022f | ||||
| Revaluation | of | investment | properties | 1,725,816 | 929,041 |
| Investment property |
||
|---|---|---|
| 2023f | ||
| Fair value | ||
| At 1 April 2022 Net gains or losses through |
fair value adjustments | 8,001,079 1,725,816 |
| A31March2023 | 9,726,895 |
| Deferred income is included in the financial statements as foll |
ows: | |
|---|---|---|
| 2023 | 2022 | |
| 5 | F | |
| Deferred income is included within: Current liabilities |
448,059 | 458,497 |
| Movements in the year: Deferred income at 1 April 2022 Released from previous periods |
458,497 (10,438) |
468,937 (10,440) |
| Deferred income at 31 March 2023 | 448,059 | 458,497 |
| 19 | Analysis of net assets | between funds Unrestricted |
Restricted | Total Unrestricted | Total Unrestricted | Restricted | Total |
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
| 5 | 8 | 8 | 8 | 6 | |||
| Fund balances at 31 | |||||||
| March 2023 are | |||||||
| represented by: Investment properties Current assets/(liabilities) Long term liabilities |
9,726,895 48,184 (5,332,221) |
9,726,895 48,184 (5,332,221) |
8,001,079 140,697 (5,357,251) |
30000 | 8,001,079 170697 (5,357,251) |
||
| 4,442, 858 | 4,442,858 | 2,784,525 | 30,000 | 2,814,525 |
| Amounts | owed | to | related |
|---|---|---|---|
| parties | |||
| 2023 | 2022 | ||
| 8 | 8 | ||
| 34,511 | 5,538 | ||
| 34,511 | 5,538 |
| Amounts | owed by related parties |
owed by related parties |
Amounts owed by related parties |
Amounts owed by related parties |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| Balancef | Net | Balance 8 |
Net 8 |
|||||||
| Winner Trading Limited |
550,828 | 550,828 | 620,722 | 620,722 | ||||||
| 550,828 | 550,828 | 620,722 | 620,722 | |||||||
| 21 | Cash generated from |
operations | 2023f | 2022 f |
||||||
| Surplus for | the year | 1,628,333 | 873,348 | |||||||
| Adjustments | for: | |||||||||
| Fair value gains and | losses on investment | properties | (1,725,816) | (929,041) | ||||||
| Movements | in working | capital: | ||||||||
| Decrease/(increase) | in | debtors | 101,859 | (524,041) | ||||||
| Increase in |
creditors | 29,457 | 47 | |||||||
| (Decrease) | in deferred | income | (10,438) | (10,440) | ||||||
| Cash generated from/(absorbed |
by) operations | 23,395 | (590,127) |
| Analysis | ofchanges in net (debt)/funds |
|||
|---|---|---|---|---|
| At 1Apal 2022 | Cash flowsAt 31 March 2023 | |||
| 6 | 5 | |||
| Cash at | bank and in hand | 3,467 | 765 | 4,232 |
| Loans falling due after more than one year | (5,332,995) | 22,630 | (5,310,365) | |
| (5,329,528) | 23,395 | (5,306,133) |