## ## |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)|