REGISTERED CHAIUTY NUMBER: 1166859 ort of the Trustee5 and Unaudited Finaneial Stalements for the Year Ended 31 March 2024 for Plarfonn Hull 360 Accountants Limited 18-19 Albion Street Hull East York5hiTe HUI 3TG
Platforni Contents of the FinaD¢ial Statements for the Year Ended 31 Mareh 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement 1¥4otes lo the Cash Flow Statement Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activities 14 to 15
Plarforni ort of the Trustees lor the Year Ended 31 Jmarch 2024 Tnjstee Report Platforn] has actively recruited a board of trustees with a wide range of business skills lo support the provision by enabling it lo meet the charity's objectives. The provision a day service for 19-25 year young adults with profound and multiple learning disabilities. The aims and objectives of the provision are io prornote independence through life skills and inclusion into the community. we focus our person centered planning into four main areas which we feel embraces the philosophy of our service and the needs of the young adults. activities planned for each individual varies and are specific to their individual needs. We Iiold a parents fornm to support the families with the significant challenges they face on a daily basis. The Trustees meet every eight weeks to review the ongoing perfomiance. and financial position to ensure that objectives are being met and defme strategy. Sub-committee's are set up when appropriate to manage indivldual projects. The day-lovday running of Ihc rharity and thc implcmenlation of policy, and procedure is delegated to a manager. Thi5 key rolc delivcrs thc ovcrdll objcclivcs of the charity and is responsible for the effective nu)ning of the service within thc guidclincs sel by the Truslecs. The manÉigcr is well supported by the Trustees. Wc havc dcveloped close partnership with other similar organisations and work closely with health praclion¢rs and multi-agen¢ies. FINAIYCIAL REVIEW Reserves policy It is our aim lo retain £150,000 in the unrestricted general fund to ensure we have enough reserves lo enable us to Continue ¢0 run an effective charity. We have maintained this reserve. FUTURE PLANS In the coming 18 months we will be working lowards opening a new centre with more space in order to offer our services lo more individuals and make them more accessible. The estimated cost of the new Centre is £900,000 and all ¢xcess reserves are saved for this purpose. STRUCTURE, GOVERNANCE AND MANAGEMENT Coverning document The charity is controlled by its governing document, a deed of trust and constitutes an unincorpofdted charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1166859 Prlnelpal address Inglemire Lane Hull East Yorkshire HU6 8LA Trustees Mrs C HOnhaW Mrs P Allan Mrs K Bayram Mr J Boume Ms E HalSOn Mr J Geal (resigned 30.9.23) Miss E Vine Trustee (resigned 31.7.24) Mr A Brookes (resiEned 30.4.24) Mr J Flavell (appointed 10.9.24) Page I
Pl#fform Hull ort of Iht Trustees for the Year Ended 31)Torch 2024 Trustees Mrs C Homshaw Mr% P Allan Mrs K Baymx Mr I Iloumc Ms E Harrison Mr J Geal (r¢5ign¢d .101912023) Miss E Vin¢ TrustLC (rcS11cd 3117 1044) Mr A Brooke5 (resigned 30 412024) Mr J Flaiell {appoinied 10 91?024) IndepL'ndcnt Eilmlner 360 Accounianls Limii¢d 111-19 Albiun Strecl Hull Easi Yorkshirc IIUI 3TG Bank'ers I.ISBC Ilank PIC Merli 14ouse Priory Wcsi Sllion Ivuy Hcssle EASI Yorkshire IIU13 9PB Appruvcd by order of th¢ board of truslces on .... . ....... ....... and signcd oil ils hlIf by: Mrs C HonishaM'_ Trust¢¢ Pagc 2
Inde endent Examiner's Re ort to the Trllstees of Plarform Hull Independent examiner's report to the trustees of Platform (Hull) I report to the cbarity trustees on my examination of ihe accounts of Platfonn (Hull) (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable DirectiOT)s given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirn] that l am qualified to undertake the examination because I am a member of the Institute of Chartered AccounlaThts in England and Wales, which is one of the Iisied bodies. I have completed my examination. I confirni that no material matters have come to my attenlion in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the TNst as required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with Ihe iipplicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accoullts give a true and fair view which is not a matter considered as part of an independent examination. I have no Goncerns and have come across no other matters in connection with the examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accouns to be reached. Miss Sophie Holmes ACA FCCA 360 Accountants Limited 18-19 Albion Str¢et Hull East Yorkshire HUI 3TG Date: . Page 3
Platfor Hull Statement of Financial Activities for the Year Ended 31 iNlarch 2024 31J.24 Total funds 31.3.23 Total nds Unrestricted tund Restricted fund Notes INCOME AN'D ENDOWMENTS FROM Donations and legacies 695,220 695,220 569,713 Investment income Other income 11,889 8,454 11,889 1,828 5,427 Total 715 563 576 968 EXPENDITURE ON Raising funds 432,302 432,302 321,350 Charitable attlvities Support Costs 24,936 24,936 9,468 Oth¢r 81,028 83.096 Total 413,914 NET INCOME 177,297 177,297 163,054 RECONCILIATION OF FUNDS Total funds brought forward 644,725 24,500 669,225 506,171 TOTAL FUNDS CARRIED FORWAIID 822 022 24.500 846.522 669 225 The notes forni part of these financial slat¢ments Page 4
Platform Hull BIlAnce Sheet 31)lJrch 2024 3113n4 Tot81 runds 311.31?3 To1 Unresuiciod rund Rcsiricl rund Notcs FIXED ASSETS TangiblL as5cIs 10 87.683 87,083 69,334 CURRENT ASSETS Debtors Cash ai bank and in hand 58,729 689,798 58,729 714,298 100,163 511.193 24500 748527 24,500 773,027 611,356 CRF.DITORS Aiiiounis fAlling du¢ iviihin onc year (14,188) (14,188) (11,465) NET CURRENT ASSETS 734 J39 24,SOO 7$8,839 599.891 TOT,%L,ISSEfa LESS CLRRENT LIABILITIES 822.022 24AOO 846.522 669,225 NET ASSETS 822,022 24,500 846,522 669,225 FUN'DS Unresiriclcd funds Rcsiricicd lunds. 13 822,022 24,500 644,725 24,500 TOTAL FUliDS 846.522 Thc finoncial stol¢mcnls ivcrc opprovLd by the Board of Trusi¢¢$ and auihoriscd for issue oil .3..1.. aiid utre signed on its bchalf by: Mr5 C Ilorn%haw - Trustcc Thc noies fom) pjrt pf thcse fin?n¢iJl Smicmonts Pagc 5
Plarfor Cash Floiv Statement for the Year Ended 311112rch 2024 31J.24 31.3.23 Notes Cash flows from operating aetivilles Cash generated from operations 229,404 Net cash provided by operating activities 229 4114 183 043 Cash flows from investing activities Purchase of tangible red assets Interest received (38,188) 11,889 (?4,524) 1.828 Net cash used in investing activities 26 299) 22.696 Change in cash and cash equivalenls in the reporting period Cash and cash equivalents at the beginnlng of the reporting period 203,105 160,347 511193 350,846 Cash And eash equivalents at the end of the reporting period 714 298 511193 The notes fo part of these fiuall¢ial statements Page 6
Platfor Notes to the C35h Flow Statement for the Year Ended 31 Mi arch 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATIIYG ACTIVITIES 31.3.24 31.3.23 Net income for the reporting period (as per the Statement of Finaneiat Activities) Adjustments for: Dq)reciation charg& Interest received Decreasel(increase) in debtors Increase/(decrease) in Creditors 177,297 163.054 19,839 (11,889) 41,434 2,723 29.803 (1,828) (4.156) (3.830 Net tash provided by operations 229,404 183.043 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 511,193 203 105 714 298 511193 203 105 714 298 Total 511,193 203.105 714 298 The notes forni part of the financial statements Page ?
Plarforni Notes to the Fin2nci21 Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the fancial statements The financial statements of the charity, 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 appli¢able to chariti&s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihe Charities Act 201 l. The fmancial slalements have been prepared under the historical cosl convention. Income All income is recognised in the Statement of Financial Activities once the charity lias entitlement to the funds, it is probable ihai the income will be ieceived aThd the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constn]ctive obligation committing the charity to thal expenditure, it is probable that a transfer of economic benefiis will be required in setileinent and the amount of the obligation can be measured reljably. Expenditure is accounted for on an accruals basis and has been classifjed 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 ¢onsisteni with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rales in order to write off each assel over ils e51irnated usefijl life. Fixtures and fillings Motor vehicles Computer equipment 200/0 on reducing balance 25Q/o on cost 20 /0 on reducing balance Taxation The charity is exempi from l&x on lis chariiable &ctivities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricled fvnds caft only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raised for particular restricted PUTPOSes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pensloll rosts 2nd other post-retirement beneflts The charity operales a defined contribution pension scheme. Contribulions payable lo the charity's pension scheme are charged io the Statement of Financial Activities in the period to which they relate, Page 8 continued...
Platfor Notes to the Finan¢t21 Statements - continued ror the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Sales Donations Gifts in kind 692,675 2,545 568.679 834 200 695.220 569 713 INVESTMENT INCOME 31.3.24 31.3.23 Interest receivable - trading RAISING FUNDS Raising donations and legacies 31.3.24 31.3.23 Support costs 432 302 321.350 CHARITABLE ACTlTIEs COSTS Support costs (see note 6) Direct Costs Totals Support Costs SUPPORT COSTS Governance costs Management Finance Totals Raising donations and legacies Support Costs 428.023 5,000 103 4,176 432,302 433,023 103 437 302 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 noi for the year ended 31 March 2023. Trustees, expenses There were no 31 March 2023. trustees, expenses paid for the year ended 31 March2024 nor for the year ended Page 9 continued...
Plarform Hllll Notes to the Financial Statements - continued for the Year Ended 31 March 2024 STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other pension costs 404,510 18,889 6.000 ?96.097 12,038 4,038 429,399 312.173 The averdge monthly number of employees during the year was as follows: 31.3.24 13 31.3.23 15 Administralion No employees received emoluments in excess of £60,0(K). COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcT]IEs Unrestriclcd nd Restricted fund TotBI fijnds INCOME AND ENDOWMENTS FROM Donations and l¢ga¢i¢s 569,713 569,713 Investment income Other income 1,828 5,427 1,828 Tothl 576,968 576,968 EXPEIYDITURE ON Raising funds 234,735 86,615 321,350 Cliaritable activities Support Costs 9,468 9,468 Other 83,096 83,096 Total 327 299 413 914 NET INCOMEI{EXPENDITURE) 249.669 (86,615) 163,054 RECONCILIATION OF FUNDS Total funds brought forward 395,056 111,115 506,171 TOTAL FUNDS CARRIED FORWARD 669 225 Page 10 conlinucd...
P12rform Notes to tlie Fin2nt121 Statement5 - continued for the Year Ended 31 March 2024 io. TANGIBLE FIXED ASSETS Fixthres Motor vehicles Computer equipment fittings Totals COST At l April 2023 Additions 106,780 37,090 76,319 3,354 1,098 186,453 38.188 At 31 March 2024 143.870 76J19 224,641 DEPRECIATION At l April 2023 Charge for year $6,292 58,960 1,867 364 117,119 At 31 March 2024 65.069 136 958 NET BOOK VALUE At 31 March 2024 87.683 At 31 March 2023 50,488 17,359 1.487 69.334 DEBTORS: AMOUNTS FALLllYG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued income 15,628 43,101 98,423 1,740 58,729 100,163 12. CREDITORS: AMOUNTS FALLING DUE WITHIN YEAR 313.24 31.3.23 Trade creditors Taxation and social security Other creditor 6,470 (121) 5,591 13. MOVEMENT IN Fur5 Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 644,725 177,297 822,022 Restrieted funds Restricted Donations 24,500 24,500 TOTAL FUNDS 669.225 177,297 846,522 Pagell continued...
Plarform Notes to the Finanei21 Statements - continued for the Year Ended 31 ,Ilarch 2024 13. MOVEMENT IN FUNDS- Continued Net movement in funds, included in the alx)ve are as follows: Incoming resources Resounes expended Movement in funds Unrestricted funds General nd 715,563 {S38,266) 177,297 TOTAL FUiYDS 715.563 538,266) 177 297 comparativ for movement in funds Nel movement in fijnds At 31.3.23 At 1.4.22 Unrestricted funds General fund 395,056 249,669 644,725 Restricted funds Restricted Donations 111.115 (86,615) 24,500 TOTAL FUNDS 506,171 163.054 669 225 Comparative net movement in nds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General nd 576,968 (327,299) 249,669 Restricted funds Restricted Donations (86,615) (86,615) TOTAL FUNDS 576 968 413,914) 163,054 Page 12 continued..
Plarfornj Hull Notes to the Financial Statements- continued for the Year Ended 31 ivlarch 2024 13. MOVEMENT IN FUNDS- continued A cuent year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 395,056 426,966 822,022 Restricted funds Restricted Donations IlJ.115 (86,615) 24,500 TOTAL FUNDS 506.171 340,351 846,522 A Current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incomin8 resources Resources ¢xpended Movement in funds Unre$¢rlcted funds Genernl fund 1,292,531 (865,565) 426,966 Restrleted funds Restricted Donations (86,615) (86,615) TOTAL FUNDS 1,292 531 952 180 340 351 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. Page 13
Platform ull Detailed Statement of Financial ACtitieS for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legaeies Sales Donations Gifts in kind 692,675 2,54S 568,679 834 200 695,220 569,713 Investment income Interest receivable - trading 11,889 1,828 Other Income Other Income 8.454 5,427 Total incoming resources 715,563 576,968 EXPEIYDITURE Charitable a¢tivi¢ies Insurance Light and heat Teleplione Sundries 3,460 13,314 1,823 2,974 2,364 2,375 19,936 9,468 Other Rent Repairs & maintenance Outings & entertainment IT Printing & slationery Motor & travel Depreciation of tangible f]xed assets 4,000 20,439 18,090 279 1,259 16,522 4,150 11,245 18,479 959 1,073 17,387 29,803 81,028 83.096 Support C05tS Management Wages Social security Pensions Advertising stsff training Staff uniforn 404,510 18,889 6,000 333 2,447 844 296,097 12,038 4,038 419 3,399 495 433,023 316,486 This page does not fomi part of the ststytory financial stalemenls Page 14
Platform Hull Detailed Statement of Finalleial Activities for the Year Ended 31 imarch 2024 31.3.24 31.3.23 Management Finance Bank charges 103 Governanee eosts Accountancy and legal fees 4,176 4,800 Totsl resources expended 538 266 413.914 Net income 177,297 163,054 This page does not fonn part of the statutory financial statements Page 15