Charity Registration No. 1183981 Company R89lStration No. 05051891 IEn9land and Wales) HULL V¥OMENS NETWORK LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Fawley Judye & Easton Chartered Certified A¢¢ountants 1 Parliament Stroat Hull East Yorkshire HU1 2AS
HULL WOMENS NETWORK LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru8tees Ms K Brady Ms L M Hikjer rs H K Johal Ms T L Cooper Secretary Ms L M Hilder Charity number 1163981 Company number 05051891 Registered office 185 Preston Road Hull East Yorkshir8 England HU9 SUY Auditor Fawlèy Judge & Easton Chartered Certifigd Accountants 1 Pailiament str8&t Hull East Yorkshiie HU12AS
HULL WOMENS NETWORK LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2025 Th8 trustees present their annual report and financial statements lor the year ended 31 March 2025. The financial 5t8tements have been pPared In accordance wth the accounting polici85 Sel out in note 1 to the nanci81 statements and comply wrth the charity's articles of 85SOC181ion, the Cotnpani85 Act 2006 and "Accounting and Reporting by Charities." Statement of Recommended Practice applicable to ch8rilies preparing their accounts In accordan with the Financial Reporting Standard applicable in the UK and R8publi¢ of Ireland IFRS 1021 (effective 1 January 20191" Objectives and a¢tlvlties The charity's object5 are the provision of safe and supported accomrnodation to women and children experiencing domestic Violen and abuse. The policies adopted In furtheranc& of these objects are the charities articles and there has been no change in these during the year. Public b8n8fit The tru5tee5 tt8V8 paid due ward to gUBjan issued by the Charity Cotnrni55ion in tYe¢iding what activrties the charty should undertake. Significant a¢tlvltfjes Hull Women's Network is run by women for women and aim5 to offer safe and supported accornrnodation to women and chihyren eXPerienrng dornesb'c Violen and abuse. Despite the challenging matto*conofflic climate the organisation has continued to develop its servi(5 to respond to In¢ased demand and n8ed in the Surrounding community. The organisation owns a portfolio of 110 dispers8d properties and works c10381y with women and Children aff8Cted by domestic violence an¢ atiuse evèry year, enabling them to cope with crisis and develop themselves positively. Below is a synopsis of our key selv1$ which hav8 been delivered this year and contributed to achiewing our charitable objectives.. Safe dlspersed aecommodation Hull Women's Neork has successfully overseen a disp8rsed accommodation service Sin 2008 All the properties In the portfolio ar& consistently tenanted demonstrating the 51gnifi.cant need for our Servi provision We have worked successfully In partnership with the lo1 authority and other local organisations to 8n5ure that each property also benefits from target hardening rn8asures and 5$ equipped with lifeline alarrns as ne$Sary to each t&nant. Figure5 based on Home offi data. Cabinet offi and other Government Department public8tions and research demonstrate that for each £1 Inv8Sted in prevention of domestic violence ènd abus8. 8 return of £7.12 ¢an be achieved. Volunteers The work of all the volunte8r5 Within the company is greatly valued. Not only do our volunteers give of their time and energy lo support the organisation, they contribute aetively to shaping our 5ervi¢es and co-producing services. Local women support local worn8n to re¢over from crises and r8build their lives through the activities and services the tsntr8 provides. Achievements and perfomianee Significant 8¢1ivities achi8mentS against objects"v&s
HULL WOMENS NETWORK LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Fundraising perfoFFn8n¢e Fundralsln9 activitlO5 Fundraising activities during the yeai induded incorne frorn". Rental income from our disp6rs$d accommodats'on Flnanclal rovi8W ReseNes policy The trustees have established 8 reserves policy whereby they wsh to see the unrestricted fvnd5 not committed or invested In tangible fixed assets I'lhe free reserves'l held by the Charty to b8 8t a level to ensure the continuity of the ch8rity and this equates to approximately £30,000 in general funds. At this Ve1 th8 trustees feel that they would be able to continue current activities of the company in the event of any signilic8nt drop In funding. Vve believe that the Charity's funds should be applied to delivenng the charity's objectives and therefore do not aspire to hold more than this amount in reserves Un$S planning foi a specific purpose. Additional reserves may be applied to reducing our loan cornmitrnents as and when the Trustees deem prudent. Principal funding source5 The principal funding sour8 for the organisation during 2024125 arè". Income from disP8rsed accommodatitsn fvlajornsks The trustees have assessed the major nsks to which the charity is exposed, and are satisfied that systems a in place to mitigate exposure to the major risks. Plans for future p•rlods FUTURE DEVELOPMENTS Hull Women's Nelwork will continue to operate its properties to provide safe accommodation for women and children fleeing domestic abuse It will also continue to develop its women-only 18pairs and Maintenan Servi to help deliver relevant rnaintenan to our tenants, properhes in a way that Is comfortable an¢J provides opportunitles for employrnent for tradeswomen Structu, governance and management The charity is a company limited by guarantee. The trustees, who a also the directofs for the purpose of company law. 8ncJ who s8rve(J dunng the year and up to the date of signature of the financial staternents were". Ms K Brady Ms L M Hilder Mrs H K Johal Ms T L Cooper Resruitment and appointmentof trustees None of the trustees has any be[Icial interest in the company. All ol thè trustees are members of the company and guarantee to contribute £1 In the event of a winding up. Auditor In accordan with the cornpany's artides. a resolution proposing that Fawley Judge & Easton bs reappointed as auditor of the company will b8 Put at a General MeetiFvJ
HULLWOMENS NETWORK LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of Trustees. M5LMHil Truste8 16 July 2025
HULL WOMENS NETWORK LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors of Hull Womens NeMork Ltd for the purpose ol comp8ny law. a sponsible for pr8paring the Trustees. Report and the financial statetnents In 8¢cordan with applicAble law and United Kingdom Awounting Standards (United Kingdom Generally Accepted Accounts"ng Practice). Company Law requiras th8 trustees lo ppart financial statements for each financial year which give a tru8 and fair view of the slate of affairs of the charity and of th8 incoming resources and application of resour5, Including the income and expenditure. of the charrtable cornpany for that year. In preparing these financial st8tem&nts. the Iruslees a required to Select suitable accounting policEs and then apply them consistently", observe the methods 8nd principles in the Charities SORP, make judg&ments and esty'mates that a reasonabl8 and prudent.. and prepare the finanryal ststements on the going concern tiasis unle55 It is inappropriate to pr65Ume that the charity will continue in operation. Th8 trustees are sponsible for keeping adequate accountrng records that disclose with reasonable a¢cuw¢y at any time the financial p051bon of the charity and enable thern to 8nsure that the financial statements compty with the Companie5 Act 2006. They a also sponSible for safeguarding the assets of the charity and he for taking Teasonable steps for the prevention and detection of fraud *n(S other irregularities.
HULL WOMENS NETWORK LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HULL WOMENS NETWORK LTD Opinion We hav6 audited the finan1 staternents of Hull Womens NeOrk Ltd Ithe 'ch81ity'l for the year ended 31 M8rch 2025 which compn58 the slalemenl of fin8ncial activities. the balance sheet, the staternent of cash flows 8nd notes to the financial statements. induding significant accounting policies. The financial PortIng framework th8t has been applied In their preparation 15 applicable law and United Kingdom Accounting Standards, Iricluding Finan81 Reporting Standard 102 Th6 FinanGial Reporting Standard applicable in the UK and Republic of IrelanGI (United Kingdom GenerallYACpte0 Accounting Practi1. In our opinion. the financial statern8nts'. give a true and fair view of the state of the charitab18 companls aff8irs as at 31 March 2025 and of its Incorning resources and application of resources, for the year then ended.. have been properly prepared in accordan with United Kingdom Gen8r8lly A¢pted Accounting Practice., and have been prepared in accordan with the requ1Ments of the Compani&5 Act 2006. Basis for opinion We conducted our audit in accordan with Intem8tional Standards on Auditing IUKI IISAS IUKII applicable law. Our responsibilities undar those standards are further described in the Auditors r8sponsiOilities for th8 audit of th8 fin8n¢ial staternenls section ol our rtsport. We are indepBnd8nl of the eh8rity in accordan with the ethical regulMents that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard. and we have fulfilled our other ethical responsibilitie5 in accordance with th8se requioments. believe that the audit evidence we h8ve obtained is sufficient and appropriate to provide a basis for our opinion. Con¢luslons relating to golng concern In 8uditing the financial 5t8lements, w8 have coneluded that the trustees, use ol th8 going coneern basi5 01 accounting in the preparation of the financial stat8ments is appropriate. Based on the work we have performed, we have not identified any m8terial nrtsint1es relating to events or conditions that, Individually or collectivgly, may cast significant doubt on the charity's ability to continue as a going COnM for a p8riod of at least fv48lve months from when the Iin8n¢ial ststements a authons8d for tssue. Our rasponsibilrties and the respon51biif(18s ol the trustees with rtr5pect to going concern are described in the relevant sectsons of this report. Other information Th8 Other information compris&5 the information induded in the annual report othar than the frn8ncial statÈments and our auditorfs report theieon. The trustees are responsible lor the other inforfflation contained within the annual report. Our opinion on the finana81 statements does not COV8r the olhei Information and we do not express any fomi of assurance condusion ther8on. Our responsibility Is to read the other inforrnation and. in doing so. nsider wh8ther tre other information is materially inconsistent with the fin£ncial statement$ 01 our knOedge obtained in the course of the audit. or otherwise ?ppear5 to be mst8rially mi55tated. 11 we Identify such material inconsistencies or apparent material misstslemenls, we ale requId to determine whether thi5 gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is material misstatement of this other Inforni*on, we are required to pOrt that fact. We have nothing to r8POrt in this reg8rd. Matters on which we are roquired to report by exeaption We have nothing to report in respect of the following mstters In relation to which the Charitses IA¢counts and Reports) Regulations 2008 require us to report to you if, in our opinion. the infom)ation given in the financial statements is incon5i5tent in any material respect with tha trustees. report., or sufficient auounting records have not been kept", or the financial statements are not In agreement with the accounting records., or we have not ceiVed all the information and explanations we r8quire for our audit.
HULL WOMENS NETWORK LTD INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF HULL WOMENS NETWORK LTD Re$ponslbllStits of tru8tee$ A5 explained more fully In the Statement of trust88s' Sponsibl11t15, the trustees, who a also the directors of the charity for the purpos8 of company law, are responsible for th8 preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control 8S the trustees determine is e(ssary to enable the preparatioll of financial statements that are free from material misstatement, whether due lo fraud or error. In pparing the financial statements, the trustees are responsible for assessing the Charity's ability to contlnue 8s a going concern, disclosirwJ. as applicable, matters related to going conrn and u51ng the going cOncrn basis of accounting unless the trust8es either Intend to liquidate the Charitab company or to ase operations, or h8V8 no rgalistyc altematsve but to do so. Auditorfs responsibilltfjes for th8 audFt of the financial statements Vve have been appointed as auditor under section 144 of the Charities Act 2011 and report In accordance with the Act and relevant ulatioNS made or having effect thereunder. Our obFcbves are to obtain reasonab assuran about whether the financial statsments as a whole are free from material rnisstatement, whether du8 to fraud or emr, 8nd to issue an auditovs report that includes our opinion. Reasonable assurants Is a high level ol assurance but is not a guarantee that an audit conducted In accordance with ISAS IUKI will always dele¢t a material misstatement when it 8XlSts. Misstatements c4n arise from fraud or error arid are considered material If, Individually or In the aggregats. they could reasonably be exp8cted to influen the economic de¢isions of users taken on the basis of thase financial statements. The extent to which our procedures a capsblè of detecting irgUIstIe3. induding traL, Is detailed below. A further d8SCriPtion ol our responsibilities Is available on the Financial Reporting Council's website at". https.11 WNW4.fr¢ org.uKlauditor5r85pon3ibilities. This descripty.on forms part of our auditors port. This r8POrt 18 rnade solely to the company's mernbers, as a body, in accordance with section 391 01 the Cornpanps Act 2014 Our audit work has been undertaken so that we might State to the company's members those rnatters we ar8 required to state to them in an auditor's report and foi no other purpose. Tc the fullest extent perrnitted by law, we do not accept or as body, for our audit wo e re5pon5ibility to anyone other than th6 company and the cornpany's meTllb8rs as a I this report, or for th8 opinions we have formed. Jonathan athley (Senior Ststutory Auditorl for and behalf of Fawlay Judge & EaSn Charter d Certifiad Ac¢ountants Statu ry Auditor 1Pa am•nt Street 24 September 2025 East Yorkshir8 HU12AS Fawley Judge & EasloT) is eligible for appointrnent as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the companSA¢1 2006.
HULL WOMENS NETWORK LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr88trict¢d Restrl¢ted funds funds 2025 2025 Total Unresthcted funds 2024 Restricted fvnds 2024 Total 2025 2024 Nots8 Income from.. Donations and lega¢i85 Charitable activ85 10.438 640,026 10.438 640,026 10.438 689.300 149.000 159.438 689,300 Totsl income 650.464 650,464 699.738 149.000 848.738 Ex endituro on.. Charitable activities 399.489 go.000 489.489 501.909 59.000 560.909 Other 10 330,230 330.230 242,443 242,443 Total $OurceS expended 729,719 90.000 819.719 744,352 59.000 803,352 N8t gainslllossesl on investment properties 11 1,296.390 1,296.390 1518,8951 1518.8951 Net lncomellexndLtur8Tr for the yearl Net movement in funds 1.217,135 190,0001 1.127,135 1563,5091 90,000 1473,5091 Fund balances at 1 April 2024 3.879,349 90.000 3,969,349 4.442,858 4,442,858 Fund balances at 31 March 2025 5,096,484 5,096,484 3.879.349 90,000 3,969,349 Thg statement of financial activities includes all gains and losses recognised in the year. The ststement of finsncial activities indude3 all gains and losses re¢ognised in the year. All inwme and expenditu cjerive from ¢onty'nuing a¢tiwtie5. The statement of financial a¢tiviti&s also compli85 Wlth the requirements for an income and expenditu account under the Companies Act 2006.
HULL WOMENS NETWORK LTD BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed a$$gts Investment propertie5 Current assets Debtors Cash at bank and in hand 13 10,535,413 9,208.(H)O 14 730.797 54,596 554,357 233,605 785.393 787,962 Creditors: arnounts falling due within one year 16 166S,5141 1529.4681 Net current assets 119,879 258,494 Totsl assets less current liabilitles 10.655,292 9.466,494 Credstors= amounts falling due after more than one year 17 15.558,8081 15.497,1451 Net a88ets 5.096,484 3,9.349 Income funds Restricted funds Unrestricted funds 20 90,000 3.879.349 5,096,484 5,096.484 3,969,349 Th8 company is nte to the exèmption from the audit requirern8nt contained in Section 477 01 the cornpan$ACt 2006. forth8 year ended 31 March 2025, although an audit has been carried out under sectiori 144 of the Charities Act2011. Tme dir8Ct015 acknowledge their responsibilities for Comptying with the requirern8nts ol the COmpanS Act 2006 with respect to accounting r8cords and pr8paration of financial 5taternents. The mernber5 have not required the company to obtain an audit of its financial staternent3 und81 the quIrnents ol the Companies Act 2006. for the year in question in accordan with section 476. These financial staterllents have been prepared In a¢cordan(x with the provision5 applic8ble to companies subject to the Small compani85 regime. The financial statements were approved by the Trustees on 16 July 2025 Ms LM Hild Trustse company Registratlon No. 05051891
HULL WOMENS NETWORK LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 NotOS cash flows from operating actlvltfje$ Cash lab50rbed byllgenerated from operations 24 1212.0491 62,049 Investlng activit18S Purch8se of Investment property Pioceeds on disposal of inv8stsnent property 1118,0231 87,000 Ngt cash used In Investlng a¢tivbtl88 131.0231 Flnanclng activities Repayment of bank loans 64,063 167,324 Net cash generated from finaneing activities 64,(3 167,324 N8t Id9creaseifincrea$e In cash and cash equivalents 1179,0091 229.373 Cash and cash equivalents at beg1nning of year 233.605 4,232 Cash and ¢a$h 8quivalènts at end of year 54.596 233,605
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Aceountln9 poIici8S charlty information Hull Women5 Network Ltd is ? privat8 company limited by 9uarant88 incorporated In England and Wales. The registered offi is 185 PStOn Road. Hull, Eastyorkshire. HU9 5UY. England. 1.1 Accounting convontion The financial statements hav8 been prepared in accordance with the chanty's Igoveming documentl. the Companies Act 2006, FRS 102 "The Fin8ncial Reporting Stsndard applicabl8 in the UK and Republic of Irelan¢J' I"FRS 102.1 and the Charrti8s SORP Accounting aniy F18POrting by Charities" Statement ol Recommended Practice applicable to ¢harilies preparing their accounts in accordance with the Finanaal R8POrting Standard applicab18 In the UK anLI Republic of Ireland IFRS 1021" leffective 1 January 20191. The charity is 8 Public Benelrt Entity as d8fined by FRS 102. The financial statern8nts are PrePad in sterling, which is the functs'onal currency of the charity. Monetary amounts in these financial stst8rn8nts are rounded to the nearest £. Th& financial ststements have be8n prep8red under the historical cost conv8ntion, Itnodified to indude the valuation of fre8hokl properties and to include investsnent properties and certain financial in5trufnents St fair v8luel. The principal accountrng policies adopted are set out below. 1.2 Going coneem At the time of approwng the financial statements. th& ttustees have a reasonable expectation that th8 charity has adequate resources to continue in operational 8XIsten for the foSeeable future. Thus the trustees conbnue to adopt th& going concem basis of a¢counting in prep8ring th8 financial 5tsternents. 1.3 Charltable funds unstrIcted funds ar8 availab18 for use at the discrets.on ol the trustees in furtherance of their tharitsble obj8Ctives. Restricted fvnds are subject to specific conditions by donors or grantors as to how th8y may be US8d. The purposes and uses of the re$tri¢ted funds are s8t out in the notss to the finanaal 5tatetnents. Endowment funds are subject to Specific conditions by doriors that th8 oqpital must be rnaintain8d by the charity. 1.4 Income Incorne is recognised when the ch8rity is legally entitled to it after any performan conditions have been met, the amounts can be rneasured reliably, and it is probable that Income will be receive(l. Cash donations are recognisecj on reipl. Other donats.ons a cogniSed once th8 charity ha3 been notified of the donation. unless performan condition5 require deferral of the amount. Income tax recoverable I relation to donatSOn5 r8ceiv8d und8r Gift Aid or deeds of covenant is recognised at the titne of th8 donation. Legacie5 are recogni5ed on reipl or otherwise if the charity has been notified of an impsnding dislribulion. the amount is known. and receipt 1$ expected. 11 tre amount is not known, the legacy is tated as contingent asset. 1.5 Expendlture Lisbilities 8r8 recognised as expenditure as soon as there 15 8 legal or constructive obligation ¢orntnitting tha chanty to that expenditure, it is protsab that a transfer ol ewnotnic benefits will be required In settlement 8nd the amount of th8 obligation can be measured lIablY, Expenditur8 IS 8ccounled for on an accruals basis 8nd has been cla5sif18d under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to parbcular headings they have been allocated to activities on a basis consistent with the use ol resources. 10
HULLWOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Icontinuedl 1.8 Inv881ment property Investment property, which is Property hold to earn ntalS andlor for capital apprec1ation, is initsally recognised at Cost. whith includes the purchase cost and any directly attributable expenditu. Subsequently it is measured at fair value at the reporting end date. The surplus or d8ficit on revaluation Is recognised in profit or loss. IPropety rent8d to a group enbty is accounted for as tangibl& fixed as5ets.I 1.7 Cash and cash equlvalents Cash and cash equivalents include cash In hand. deposits held at call with banks, other short-tem liquid investments with origin81 maturities of three months or1ess, and bank overdr8ft5. 8ank overdrafts are shown within borrowings in current liabiltbes. 1.8 Financial instruments Th8 charity has elected to apply the provisions of Section 11 '8asic Financial Instrurn8nt5' and Section 12 'Other Financial Instruments Is$u88' of FRS 102 to all of its finanu81 Instruments. Financial instrurnents are recognised in the chaity's balance sheet when the charty bocomes party to the contractual provisions of the instrument. Financial assets and lisbilities are offset, with th8 net amounts presented in the financi815tat8tn8nts, when there Is a legally enforable right to Set off the recognised arnounts and there Is an Intention to settle on a net basis or to realise the asset and 3ettl8 the liability simuttaneousty. 31C financial assets Basic financial assets. which Indude debtors and cash and bank balanc£s, are initially mea5ur&d at transaction pri Including transaction costs and are subsequently Carried al amortised cost using the effective interest method unkss the arrangement constitutes a financing transaction, whère the transaction is measured at th& present value of the future ipts dsscounted at a market rate of interest. Financial a5set5 classified as 1Vable within one year ar& not amortiS8d. 8asic finaneial liabllltl Basic financial liabilities, including creditors and bank loans 818 Inltialty r8cognised at transaction piice unl85S the arrangement constitutes a financing transaction, where the debt Instrument is tneasuied at the present value of the fvtU payments discounte(l at a rnarket rate of interest. Finaricial liabilities classified as payable within one year are not amorti5ed. Debt instruments are Subsequently carried at amortised cost, Using the effectwe int8r8st rate rnethod Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payab are classified as current liabilities if payfflent is due Wlthin one year or less. If not, they are presented as non-¢urrent liabilities. Trade creditors are iecogni58d initially 8t transaction pri and subsequendy measu at amortised cost using the effective int8r8St rnethod. Derecognition of financial liabiliti85 Financial liabilities are derecognised when the charty's contractual obligations expire or are discharged or Canlled. 1.9 Employee benefits The cost of any unused holiday entitment Is rtcognised in th8 period in which the employee's servi5 are re1ve. Termination benefits are recognised Immediately as an expènse when th8 charity is demonstrably eornmitted to temiinate the employment of an employee or to provide temiination benefits. 11
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Aeeounting poll¢le8 (Continued) 1.10 Retfjrement benefits Payment5 to d81ined contribution t1ment benefit schemes a ¢harg&l as an expense as they fall due. Crttlcal accounting 8stimat8s and judgements In the application of the charity's accounting policies, the trustees are required to make judgernents, estimates arid assumptions about the carying amount of assets and liabilitses that are not r8adity appa18nt trom othèr Sour$. The 8Stirnates and a5SOClated assumptions a based on historical experien and other factors that are considered to be relevant. Actual r8suhs rnay differ from these estirnat85 The estsmates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estirnates are recognised in the period in which the estimate is revised where the revision 8ffects only that period, or In the period of the ViSIon and future periods where the revision affeds both current and future periods. Income from donatiort$ and legacles Unrostriet•d Restrlcted fund$ funds 2025 2025 Total Unrestrfjcted Restrfjctfrd funds lunds 2024 2024 Total 2025 2024 Donatsons and grts Grants re1vable 149,000 149,000 10.438 10,438 10,438 10,438 10,438 10.438 10,438 149,000 159,438 In¢ome from charltable actlvltl•s Unrestricted Unre$trietèd funds funds 2025 2024 Core Charitable rntaI inwrne 640.026 689,300
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable a¢tivitie$ Rentsl Rentsl Properties Propert5e$ Z025 2024 Stsft costs Property repairs & maintenan Insurance Bad & doubtful debt A$$ fund exp8nditure 94.411 256,538 25,923 9,865 90,000 83,287 334,936 37,519 13,436 59,000 476.737 528,178 Share of gov&rnancx cost515ee note 61 12,752 32,731 48g.489 560.90g Analy¥ls by fund Unrestrict8d fund5 Restricted ndS 399.489 90,000 501.909 59.000 489,489 580,909 For the year end¢d 31 March 2024 Unrestncted funds Restricted funds 501,909 59,000 560,909 Support costs Support Governance costs costs 2026 2024 Accountancy Legal and professional 3,034 9,718 3.034 9.718 3.013 29.718 12,752 12,752 32.731 Anatysed betwee Charitable actsvities 12.752 12,752 32,731 13-
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Nèt movement in funds 2025 2024 The net movement in funds 15 Stat8d aftar chargingllcreditingl.. Trusta8S None of th8 trustee5 lor any p8r50ns connected with them) received any remuneration or benefrts from the charity during the year. Employo8S The average rnonthly number ol employees during the year was". 2025 Number 2024 Number Employmènt costs 2025 2024 Wage5 and salaries Social 58¢urity Costs Other p8nsion costs 86.535 6.362 1,514 70.666 10.345 2.276 94,411 83.287 There W8re no employees whose annual rernuneration was more than £60,000. Remuneration of key rnanagement personnel The r8mun8ration of key managemerit parsonnel was as follows". 10 Othèr Urlrestrletsd funds Total 2025 2024 Nèt loss on disposal of programme related investm8ntsfixed assets Financing costs 53,125 277.105 242,443 330.230 242,443
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Gains and losses on Investments Unrestricted Unrestricted funds funds 2025 2024 Gainsll105sesl arising on". Revaluation of investment properties 1.296.390 1518.8951 12 Taxation Th8 chanty is exempt from taxation on its a1VitieS because all its income is applied for Charitab purposes. 13 Investment property 2025 Fair value At 1 April 2024 Additions through axiernal aUl81t10n Disposals Net gains OT losses through fair value adjustments 9,208,000 118.023 187.0001 1,296,390 At 31 March 2025 10.535,413 The truste8's have valued the properties using the ¢urrent market values of similar prop8rties In the Irnmediate area of the housing stock. The Information has been gathe from recently SO prices. current properties for sal8 and online sourr*5 such as Zoopla. 14 D8btOTS 2026 2024 Amounts falling due wlthin one year- Tiade debtors Other debtors Pr8payrnents and acwgd incorne 3.008 697.577 30.212 3.213 537.355 13.789 730,797 554.357 15 Loam and ovgrdrafts 2025 2024 Bank loans 5.541.752 5.477.689 P8yable after one year 5,541,752 5,477,689 The long-tem) loans are secur8d by fixed charges over all propety held by the charity.
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Creditors- amounts falling due within one year 2025 2024 Notes Government giants Tracle credrtors other creditors Accruals and deferred incorne 18 427,181 339 180.956 57,038 437.619 SQ 34,761 57.038 665,514 529,468 17 Creditor5- amounts falllng duè after more than onè year 2025 2024 Notes Bank loans other ¢reditors 15 5,541,752 17.056 5.477,689 19.456 5,558,808 5,497.145 Other creditor5 lateS to the ESF funding that 15 baing repaid. The organi5ation is repaying the fund back at £2.400 per annum. 18 Governm•nt grants The grants funding within Hull W0rn8n5 Network Ltd lateS to thè acquisition of the properties purcha58d by ttte charty. These grants are ammortised over the useful economic lifetime of propertses in lina wrth the grant terrn5. The amount remaining at they ye8r end is £437.61912023-£448,0591. Deferred income is included in the financial statsments as follows.. 2026 2024 Deferr8d Income is induded wrthin". Current Iiabslities 427.181 437.619 Aov8ments In the y8ar. Defe income at 1 April 2024 ReaSed frorn previous periods 437.619 110,4381 448.059 110.4401 Deferred income at 31 March 2025 427,181 437,619 19 Retirement benefit 8ch8m&s 2025 2024 Defintd ¢ontribution s¢hemes Charge to profit or loss in Spect of defined contribution schernes 1,514 2.276 16
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Retirement beneflt schemes l¢ontinu8dl The charity operates a defined contribution pension scheme for 511 qualifying employees. The assets of the scMem8 a held separately from those tsf the chaity in an independently administered fund. 20 Restrlcted funds The $trICted funds of the charity compris8 the unexpended balancès of donations and grants held on tiust subject to specific conditions by donors as to how they may be used At 1 April 2024 Incoming resources Resou¥S At 31 March expended 2025 TSIB 90,000 190.0001 Previous year= At 1 Aprll 2023 Ineomlng r8sour¢es Resource$ At 31 Mareh expended 2024 Henry Smith Fund TSIB 59,000 90,000 159,0001 90.000 149,000 159.0001 90,000 21 Unrastrieted fund# The unrestricted fund5 of the charity comprise the unexpend8d balance5 of donations and grant5 whbch are not subjecl to specific conditions by donors and grantors as to how they may be use(l. These indude designated funds which have been set &51de out of unrestricted funds by the trustees for Specific purposes. Gains and At 31 Mareh 108Sa$ 2026 At 1 April 2024 Incoming resources Resources expended G8figfal funds 3,879.349 650.464 1729.7191 1,296,390 5,096,4e4 Prevlou¥ year- At 1 Aprll 2023 In¢oming resour¢g8 Resources expended Galns and At 31 March losses 2024 General funds 4.442.858 699,738 1744,3521 1518.8951 3.879.349
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net as¥ets betweèn lunds Unrèstricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025- Investment properties Current assetsllliabililiesl Long term lisbilitl8S 10,535.413 119,879 15.558,8081 10,535.413 119.879 15.558.808) 5.096,484 5,096,484 Unrestricted Restricted fund$ 2024 Total 2024 2024 At 31 Mareh 2024= Investment propertie5 Curient assetsllliabililiesl Long term liabilities 9.208.000 168,494 15.497,1451 9.208.000 258.494 15.497.145) go.000 3.879,349 90.000 3.969.349 23 Relatsd party tran$aetions Tran$actfjons with related partres During the year thè charity entered into the following transactions with related parties.. The following amount5 were outstsnding at tme oporting end dat8". Amotsnts owed to related parties 2025 2024 Other lated parties 180.956 34,761 180.956 34.761 18
HULL WOMENS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 23 Related party tran8actlons Icontlnuedl The followino atnounts were outstanding at the reporting end date.. Amounts owed by related Amounts owgd by related parties parties 2024 2025 Balance Net Balanca Nat Other tated parti85 697,577 697,577 537.355 537.355 697,577 697,577 537.355 537.355 24 Cash gènerated from op8ration¥ 2025 2024 Surpluslldeficitl for the year 1.127,135 1473.5091 Adjustments for. Fair value gains and k)ssès on investrnent piopertses 11,296.3901 518.895 Movernents in working capital.. Iln¢reaselldecr8ase in deotors Increasellde¢rea5el irl creditors IDecreasel in deferred income 1176,4401 144,084 110,4381 32,100 14,9971 110.4401 Cash (absorbed byllgenerated from op¢rations 1212.0491 62.049 25 Analysis of changès in net Idobtvfunds At 1 Aprfl 2024 Ca8h ftDwsAI 31 March 2025 Cash at bank and In hand 233.605 1179,0091 54,596 Loans falling due after more than onè year 15.477,6891 164.0631 15.541.752) 15,244.0841 1243,0721 15,487,158) 19-