```
REGISTERED CHARITY NUMBER: 1170056
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
```
FOR
```
```
HULL 4 HEROES
```
```
Banks Cooper Associates Limited
21 Marina Court
Castle Street
Hull
HU1 1TJ
```
```
HULL 4 HEROES
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
**----- Start of picture text -----**
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 16
Detailed Statement of Financial Activities 17 to 18
**----- End of picture text -----**
```
HULL 4 HEROES
```
```
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
|**`TRUSTEES`**|`J Fishburn`|
|---|---|
||`Ms D Hammond`|
||`T Fishburn`|
||`K Neal (appointed 11.5.22)`|
||`S Walton (resigned 30.3.22)`|
|**`PRINCIPAL ADDRESS`**|`7 Whitefriargate`|
||`Hull`|
||`HU1 2ER`|
|**`REGISTERED CHARITY NUMBER`**|`1170056`|
|**`INDEPENDENT EXAMINER`**|`Banks Cooper Associates Limited`|
||`21 Marina Court`|
||`Castle Street`|
||`Hull`|
||`HU1 1TJ`|
|**`SOLICITORS`**|`Rollits LLP`|
||`Citadel House`|
||`58 High Street`|
||`Hull`|
||`HU1 1QE`|
```
Page 1
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HULL 4 HEROES
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```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30November2021.The trustees
have adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities
preparing their accountsin accordancewith the FinancialReportingStandard applicablein the UK and Republicof Ireland (FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES Objectives and aims`**
```
The purposesofthe Charityas set out in its governingdocumentis the reliefofveteransand the familiesofHM Forcesin need by
providingcharitablesupporttothoselivingwithintheCityofHullandsurroundingareasbywayof:Housingsupport,help with
decorating,adaptations,benefitsadvice,familysupport,training,funding,resettlementandrehabilitationintocivilianlifeand by
working in partnership with other charities.
```
## **`Significant activities`**
```
The following activities have been delivered which support the Charity's objectives.
```
## `Advice on housing.`
```
Help to complete housing applications.
Assistance after applying themselves and having issues or missing evidence.
```
```
Assistancetogatherthecorrectevidenceforhousingapplicationsfromvariousagenciesandoffices.Makingcontactand request
the correct information is given in writing to assist.
```
```
Relocation/rehousing/homelessness assistance
```
```
Speakingwith housingofficer/teamsto ensure everythingis done to help with requestsfor housingin a very difficultperiod where
there is a great lack of availability.
```
## `Promoting self help`
```
Helpwith provisionof standardsat funeralsvia connectionwith otherveterans'associations.Helpingthosewho wish to donate to
us after ceremonies have a proper ceremony.
```
```
Help to apply for pensions/service records/medals other service information.
Mental health talks and help with anxiety.
Assessment for correct advice/actions with whoever comes into the office.
```
```
Provision of access to our food bank and assessment for delivery allowance / free and purchased food parcels.
Help with getting doctor appointments and access.
```
```
Help to get proper access to consultants and how to get their transport sorted
```
## `Financial advice, debt assistance.`
```
Phone calls of reassurance during isolation at home and advice.
Continued support for families/partners when in difficulty after veterans passing.
Follow ups after assistance given to ensure they are ok with the help given.
Advice on projects and mental health groups we provide.
Referral to other services / agencies.
Assisting in out of hours mental health calls, several suicidal calls from either the veteran or their families.
```
## **`Public benefit`**
```
TheHull4HeroesCharityTrusteesareawareof,havetakenintoaccountandregularlyconsidertheCharityCommission's public
benefit guidance when carrying out activities to which it's relevant.
```
```
TheTrusteesbelievetheCharityhasonlycharitablepurposeswhicharewhollyforthepublicbenefitandcarryoutthe charity's
purposes for public benefit.
```
## **`Grantmaking`**
```
The Hull4Heroes Charity does not award grants to other organisations.
```
```
ShouldgrantawardsbeconsideredinthefuturethesewillbemadeinaccordancewiththeCharityCommissionSORPand hence
contribute wholly to the aims and objectives of the Charity.
```
```
Grantsreceivedby the Charitythat are associatedwith SocialInvestmentare reportedregularlyto the grant makersin accordance
with their policies.
```
```
Page 2
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## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Volunteers`**
```
Volunteersassist the Charity on all of the projects that are grant funded, assist at fundraising events and assist in the daily running of
the Charity operations such as managing the reception at the main office location.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
## **`New Groups`**
```
TheCharityhas establishedtwotalkinggroupwhicharecalledGetEmotionsOut(GEO)and Lisa'sLadiesin memoryoftwo young
veterans who took their own life on leaving HM Armed Forces.
```
```
The Charity has established a men's football team named GEO FC who complete in a local charitable football league.
```
## **`Projects and Events`**
```
The Charity currently has eight active grants.
```
## **`1. Positive Pathways (GEO Project)`**
```
The scope of this project is the provision of outdoor retreats & activities.
```
```
VeteransAdventureFestivalWeekend:SixveteranswhoattendGEO&LISAweresentonawellnessadventureweekendin May
canoeing, abseiling & taking part in relaxation activities.
```
```
WoodlandExperienceWeekend:TheCharityhavehasarrangedaveteranswoodlandweekendbookedinSeptember with
twenty-six veterans attending to take part in camping, axe throwing and nature walks.
```
```
East Kirby Airshow: The Charity arranged and funded twelve veterans to attend the East Kirby Airshow.
```
## **`2. National Lottery Community Fund`**
```
This scope of this project entails working in the community and getting veterans involved in outdoor and social activities.
```
```
Family Adventure Weekend: The Charity has provided all camping equipment to take eight familieson an adventure weekend to the
Yorkshire Dales where they will take part in abseiling, rock climbing and gorge walking.
```
```
ArtisanBakery:TheCharityarrangedandfundedsevenveteranstolearningtomaketheirownbreadandpizza.Thevisit also
benefited the owner who is a veteran.
```
```
WoodworkingClasses:The Charityis workingwith a localwoodcraftproviderto providea six weekcourseto veteransto learn the
basics of woodcraft.
```
```
ArtCourses-TheCharityiscollaboratingwithFeralArtGallerytoprovideaneightweekintroductiontoArt,including drawing,
painting and print. The course will be attended by veterans.
```
## **`3. Sporting Force (GEO Project)`**
```
This scope of this project is to employ a veteran's health & wellbeing officer and fund various GEO costs.
```
```
The new veteran'shealth & wellbeingofficerhas been in post since April 2022 deliveringactivitiessuch as coffeemornings, walking
clubs, weekend and day trips. The new veteran's health & wellbeing officer is also a GEO facilitator.
```
## **`4. Veterans Foundation (GEO Project)`**
```
The scope of this project is to employ a veteran's health & wellbeing officer and various GEO costs.
```
```
The new veteran'shealth & wellbeingofficerhas been in post since April 2022 deliveringactivitiessuch as coffeemornings, walking
clubs, weekend and day trips. The new veteran's health & wellbeing officer is also a GEO facilitator.
```
```
Page 3
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HULL 4 HEROES
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`5. Veterans Foundation (Allotment Grant)`**
```
The scope of this project is to get allotments cleared and ready for veterans to be able to grow their own produce.
```
```
Theallotmentis currentlybeingclearedaftertwoyearsofneglect.TheCharityhas had teamsofvolunteersvisitthe allotments to
clear parts of it.
```
```
Once cleared the grant will be spent on building raised beds, erecting a poly tunnel and purchasing a summer house/shed.
```
## **`6. HCV Suicide Prevention`**
```
ThescopeofthisprojectisthecontinuedrunningofGEOinBarton,LincolnshireandtheestablishmentoffurtherGEOand Lisa
Groups in North Lincolnshire.
```
```
The GEO Barton group has been running successfully since February 22 with up to eight veterans attending on a weekly basis.
```
```
The Charityis workingwiththe ScunthorpeVeteransHub to establishGEOand Lisagroupslocallyhoweverthey havehad a recent
setback to opening the hub from May to October due to the requirements for a new roof at their facility.
```
```
TheCharityis in discussionswithanothercharity(Walkingwiththe Wounded),whohavereferredseveralveteransto Hull4Heroes
from Grimsby and Cleethorpes, to collaborate in opening other groups in this area of Lincolnshire.
```
## **`7. Sustaining Support`**
```
The scope of this project is to provide funding for the CEO role and the Warehouse Manager role.
```
## **`8. Veterans Growth (Re-Cycling Heroes)`**
```
The scope of this project is to get veterans out and about as part of a cycling project.
```
```
Thisprojecthas beenextendeddue toCOVID-19restrictions.Severalbikesand maintenanceequipmenthavebeenpurchased and
are stored in the container at the Charity's warehouse.
```
```
These can be hired out to the HM Armed Forces community.
```
```
TheCharitiesPadreandhiscolleaguefromtheYorkshireRegimenthavebeenworkingtoobtainaffiliatedstatusasa community
cycling club.
```
## **`How is each project progressing against timescales?`**
```
All projects are running to timescale apart from Recycling Heroes which has been extended.
```
## **`Are all of the expected goals being met?`**
```
Currently all expected goals are being met.
```
## **`How are projects been reported?`**
```
Reporting is completed by the Charity's Project and Events Coordinator.
```
```
What veterans are being helped by each project?
```
```
AcrossalloftheCharity'sgroupsandactivitiesoverthreehundredveterans,servingHMArmedForcesmemberandtheir families
have benefited.
```
```
As more funding is receivedthe Charity ensures support is provided to the people that need these activitiesnot just the people that
want them.
```
```
The Charity offers a wide range of activities, clubs and courses to support veterans and their families of all age groups.
```
```
Page 4
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HULL 4 HEROES
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Fundraising activities`**
```
AllfundraisingeventsareaimedatraisingfundsthatareusedforthereliefofveteransandthefamiliesofHisMajesty's Armed
Forces in need.
```
```
CharitablesupportisprovidedtothoseveteransandfamilieslivingwithintheCityofHullandSurroundingAreasby providing
supportwith housing,benefitsadvice,training,resettlement,and rehabilitationinto civilianlife when transitioningfromthe Armed
Forces.
```
```
TheCharityworksin partnershipwithotherorganisationswhenfundraisingand withcharitableorganisationswhosharethe same
purpose and objectives.
```
## **`Investment performance`**
```
The Charitycurrentlyholds resourcesas liquid funds. At present,there are no financialinvestments.The Trusteescontinueto keep
the position under review taking into account the size and scale of the Charity and its current activities.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Hull4 Heroesincomeforthe yearwas £359,710(2020:£172,366),an increaseon the previousyear'sincomedue to a higher level
of donations receive
```
```
The Charity'scostsincreasedto £234,493from£168,235in the previousyear due to greatercostsof raisingfunds and higher wage
costs as more staff were employed.
```
```
The Charity generated a surplus of £124,217 in the year compared to £95,617 in the previous period.
```
## **`Principal funding sources`**
```
The Charity's principal sources of funding are:
```
- `Grant funding.`
- `Public donations.`
```
- Charitable donations from businesses and other local organisations.
```
- `Events organised by the charity.`
- `Events organised by the charity's supporters`
## **`Investment policy and objectives`**
```
The Charitycurrentlyholds resourcesas liquid funds. At present,there are no financialinvestments.The Trusteescontinueto keep
the position under review taking into account the size and scale of the Charity and its current activities.
```
## **`Reserves policy`**
```
The surplus of income of expenditure over time means that the Charity'saccumulatedfunds at the balance sheet date are £312,438,
ofwhich£98,299representsrestrictedfunds.The funds and the resourcesofthe Charityare periodicallyreviewedso thatcosts of
operation could be covered for a period in the unlikely event the income were to cease.
```
## **`Going concern`**
```
Atthetimeofapprovingthefinancialstatements,theTrusteeshaveareasonableexpectationthattheCharityhas adequate
resourcestocontinuein operationalexistenceforthe foreseeablefuture.TheTrusteesthereforecontinuetopreparethe financial
statements on the going concern basis.
```
## **`FUTURE PLANS`**
```
TheCharity'sfutureplanspredominantlyrelatetothedevelopmentofa Veteran'sVillage,forwhichplanningpermissionhas now
been granted. This is a substantial project including the provision of housing and associated support services for veterans.
```
```
The Trusteesare currentlyengagingwithprofessionaladvisersto determinethe best approachesto the developmentand funding,
takingintoaccountthevariouspartiesinvolved.Thescaleoftheprojectmeansthatpotentialrevisionswillbeconsideredto the
Charity's structure so that the project can be successfully delivered to all stakeholders and regulatory compliance is maintained.
```
```
Page 5
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```
HULL 4 HEROES
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```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The Hull4HeroesCharityis governedwithin the bounds of the Charitiesconstitutionwhich is structuredin such a way as to perform
as Charitable Incorporated Organisation (CIO) in accordance with the Charity Commissions CIO Foundation Model.
```
```
Governance Policies include:
```
```
Complaints handling
Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management
```
## **`Charity constitution`**
```
The Charity is constituted as a CIO in accordance with the Charity Commissions CIO Foundation Model.
```
## **`Recruitment and appointment of new trustees`**
```
Trustees are selected by the existing Board of Trustees in collaborations with the Charity's Chief Executive Officer (CEO).
```
## **`Induction and training of new trustees`**
```
TrusteesdonotundergoformaltraininghoweveralloftheTrusteesaremadeawareoftheirobligationsandaredirectedto read
material published by the Charities Commission in support of Trustees.
```
```
EachTrusteeischosenfortheirindividualexperienceandexpertise.TheTrusteesworkwithmembersoftheCharity Committee,
ambassadors and advisors including Accountants (for financial guidance) and Solicitors (for legal guidance).
```
## **`Wider network`**
```
The Charity has 4 Trustees currently with Jim Fishburn being the Chairman of the Board of Trustees.
```
```
The Charity employs 6 individuals in the roles of:
```
```
- CEO
```
- `Veterans Liaison Officer (VLO)`
```
- Project Coordinator
```
```
- Warehouse Manager
```
- `GEO Coordinator`
- `Project Support Officer`
```
Hull4Heroeshasestablishedrelationshipswithawidegroupofrelatedagencies&bodies,relatedcharities,and corporate
organisations.None of these are ratifiedintoformalcontractualagreements/ partnershipsat this timeotherthan the relationship
with the Association of Service Drop-In Centres (ASDIC).
```
## **`Related parties`**
```
ASDIC represents and link veterans' Drop-Ins across the country.
```
```
SometimescalledHubs or Centres,Drop-Insoffera varietyof welfareand mentalhealth support,togetherwith comradeshipand a
sense of wellbeing, to the ex-military community and their families.
```
```
ASDIC helps them to enhance the service they can provide and make them more accessible.
```
```
Page 6
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```
HULL 4 HEROES
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## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
The Trusteeshavea duty to identifyand reviewthe risks to Charitywhichthe is exposedand to ensure appropriatecontrolsare in
place to provide reasonable assurance against fraud and error.
```
```
Risk 001: There is a risk that funding will not be obtained to implement the planned Veterans Village.
```
```
Mitigation:ThemitigationforthisriskistocontinuemarketingtheVeteransVillagetokeeptheprojectInthepubliceyeand the
initiation of new funding campaigns. Major funding organisations are being approached.
```
```
The phasingofthe projectto ensure thateachphase can deliversuccessfuloutcomesand benefitsto warrantthe individual phase
funding.
```
```
Risk002:ThereisariskthatadversepublicityregardingArmedForcesinvolvementinpreviousoverseascampaignswillhave a
negative impact of the public perception of the Armed Forces.
```
```
Mitigation:Themitigationforthisriskistocontinuetomaintainapositiveoutlookonallsocialmediaoutletsandcontinue to
deliver services in a positive and proactive way.
```
```
Risk003:TheisariskthattheCharitywillberequiredtomoveofficetoanotherlocationduetoarecentlandlordsrequest to
increase the rental of the current office location.
```
```
Mitigation:The mitigationfor this risk is the Trustees are identifyingsuitable properties to move to and appropriatefunding to make
properties ready for use.
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
The trustees are responsible for preparing the Report of the Trustees and the financialstatementsin accordancewith applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Thelawapplicabletocharitiesin Englandand Wales,theCharitiesAct2011,Charity(Accountsand Reports)Regulations2008 and
theprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgivea true and
fairviewof the stateof affairsof the charityand of the incomingresourcesand applicationof resources,includingthe income and
expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytime the
financialpositionof the charityand to enable them to ensure that the financialstatementscomplywith the CharitiesAct 2011, the
Charity (Accountsand Reports) Regulations2008 and the provisionsof the trust deed. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
Approved by order of the board of trustees on 26 September 2022 and signed on its behalf by:
```
```
J Fishburn - Trustee
```
```
Page 7
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
```
```
HULL 4 HEROES
```
## **`Independent examiner's report to the trustees of Hull 4 Heroes`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofHull4Heroes(theTrust)fortheyear ended
30 November 2021.
```
## **`Responsibilities and basis of report`**
```
As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of
the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatI am
qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
I have no concernsand have come across no other mattersin connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Tracy Hutty
FCCA
Banks Cooper Associates Limited
21 Marina Court
Castle Street
Hull
HU1 1TJ
```
```
26 September 2022
```
```
Page 8
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HULL 4 HEROES
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`150,878`
`Other trading activities`
`2`
`106,190`
`Investment income`
`3`
`6`
**`Total`**
`257,074`
**`EXPENDITURE ON`**
`Raising funds`
`73,905`
**`Charitable activities`**
`Refurbishments`
`10,927`
`Veterans' emergency needs`
`4,420`
`Veterans' Village Development`
`1,200`
`Other`
`59,894`
**`Total`**
`150,346`
**`NET INCOME`**
`106,728`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`107,411`
**`TOTAL FUNDS CARRIED FORWARD`**
`214,139`|`30.11.21`
`30.11.20`
`Restricted`
`Total`
`Total`
`fund`
`funds`
`funds`
`£`
`£`
`£`
`101,627`
`252,505`
`172,366`
`-`
`106,190`
`91,457`
`9`
`15`
`29`
`101,636`
`358,710`
`263,852`
`32,587`
`106,492`
`88,479`
`-`
`10,927`
`8,303`
`-`
`4,420`
`2,423`
`-`
`1,200`
`8,927`
`51,560`
`111,454`
`60,103`
`84,147`
`234,493`
`168,235`
`17,489`
`124,217`
`95,617`
`80,810`
`188,221`
`92,604`
`98,299`
`312,438`
`188,221`|`30.11.21`
`30.11.20`
`Restricted`
`Total`
`Total`
`fund`
`funds`
`funds`
`£`
`£`
`£`
`101,627`
`252,505`
`172,366`
`-`
`106,190`
`91,457`
`9`
`15`
`29`
`101,636`
`358,710`
`263,852`
`32,587`
`106,492`
`88,479`
`-`
`10,927`
`8,303`
`-`
`4,420`
`2,423`
`-`
`1,200`
`8,927`
`51,560`
`111,454`
`60,103`
`84,147`
`234,493`
`168,235`
`17,489`
`124,217`
`95,617`
`80,810`
`188,221`
`92,604`
`98,299`
`312,438`
`188,221`|
|---|---|---|
|||`263,852`
`88,479`
`8,303`
`2,423`
`8,927`
`60,103`|
|||`168,235`|
|||`95,617`
`92,604`|
|||`188,221`|
```
The notes form part of these financial statements
```
```
Page 9
```
```
HULL 4 HEROES
```
## **`BALANCE SHEET 30 NOVEMBER 2021`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`68,392`
**`CURRENT ASSETS`**
`Stocks`
`8`
`5,162`
`Debtors`
`9`
`27,024`
`Cash at bank and in hand`
`135,081`
`167,267`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
`(21,520)`
**`NET CURRENT ASSETS`**
`145,747`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`214,139`
**`NET ASSETS`**
`214,139`
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`30.11.21`
`Restricted`
`Total`
`fund`
`funds`
`£`
`£`
`15,441`
`83,833`
`-`
`5,162`
`-`
`27,024`
`82,858`
`217,939`
`82,858`
`250,125`
`-`
`(21,520)`
`82,858`
`228,605`
`98,299`
`312,438`
`98,299`
`312,438`
`214,139`
`98,299`
`312,438`|`30.11.20`
`Total`
`funds`
`£`
`23,776`
`3,698`
`16,970`
`151,342`|
|---|---|---|
|||`172,010`
`(7,565)`|
|||`164,445`|
|||`188,221`|
|||`188,221`|
|||`107,411`
`80,810`|
|||`188,221`|
```
The financialstatementswereapprovedby the BoardofTrusteesand authorisedforissue on 26 September2022and were signed
on its behalf by:
```
```
J Fishburn - Trustee
```
```
The notes form part of these financial statements
```
```
Page 10
```
```
HULL 4 HEROES
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
withthe CharitiesSORP(FRS102)'Accountingand Reportingby Charities:StatementofRecommendedPractice applicable
to charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republic of Ireland' and the CharitiesAct 2011. The financialstatementshave been prepared under
the historical cost convention.
```
```
TheFinancialStatementsfortheyearended30November2021werepreviouslypreparedontheReceiptsand Payments
Basis.Duetotheincreasedlevelofincomeintheyearended30November2021theFinancialStatementshave been
prepared on the Accruals Basis.
```
```
Thecomparativesfortheyearended30November2020havebeenrestatedaccordinglyandtheeffectonReservesis as
follows:
```
||**`30.11.2020`**|
|---|---|
||**`£`**|
|`Reserves per the Financial Statements for the year ended 30 November 2020 prepared on the`
`Receipts and Payment basis`|`183,296`|
|`Depreciation`|`(2,342)`|
|`Debtors and prepayments`|`16,970`|
|`Creditors and accruals`|`(7,565)`|
|`Stock movement`|`(2,138)`|
|||
|`Reserves per the Financial Statements for the year ended 30 November 2020 prepared on the Accruals`
`basis`|`188,221`|
|||
```
At the time of approving the financialstatements,the Trustees have a reasonable expectationthat the Charity has adequate
resourcestocontinueinoperationalexistencefortheforeseeablefuture.TheTrusteesthereforecontinuetoprepare the
financial statements on the going concern basis.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteandslow moving
items.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
```
Page 11
```
```
HULL 4 HEROES
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the Statement of Financial Activities in the period to which they relate.
```
## **`2. OTHER TRADING ACTIVITIES`**
## **`3.`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||`30.11.21`|`30.11.20`|
||`£`|`£`|
|`Fundraising receipts`|`74,818`|`70,064`|
|`Merchandising receipts`|`31,372`|`21,393`|
||`106,190`|`91,457`|
|**`INVESTMENT INCOME`**|||
||`30.11.21`|`30.11.20`|
||`£`|`£`|
|`Bank interest received`|`15`|`29`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30November2021norfortheyear ended
30 November 2020.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.
```
## **`5. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||`30.11.21`|`30.11.20`|
|---|---|---|
|`Administration & management`|`3`|`2`|
```
No employees received emoluments in excess of £60,000.
```
```
Page 12
```
```
HULL 4 HEROES
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`Restricted`
`funds`
`fund`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`48,675`
`123,691`
`Other trading activities`
`91,457`
`-`
`Investment income`
`14`
`15`
**`Total`**
`140,146`
`123,706`
**`EXPENDITURE ON`**
`Raising funds`
`65,013`
`23,466`
**`Charitable activities`**
`Refurbishments`
`8,303`
`-`
`Veterans' emergency needs`
`2,423`
`-`
`Veterans' Village Development`
`8,927`
`-`
`Other`
`33,273`
`26,830`
**`Total`**
`117,939`
`50,296`
**`NET INCOME`**
`22,207`
`73,410`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`85,204`
`7,400`
**`TOTAL FUNDS CARRIED FORWARD`**
`107,411`
`80,810`
**`7.`**
**`TANGIBLE FIXED ASSETS`**
`Fixtures`
`Land and`
`Plant and`
`and`
`Motor`
`Buildings`
`machinery`
`fittings`
`vehicles`
`£`
`£`
`£`
`£`
**`COST`**
`At 1 December 2020`
`-`
`1,093`
`3,065`
`21,960`
`Additions`
`66,000`
`-`
`-`
`-`
`At 30 November 2021`
`66,000`
`1,093`
`3,065`
`21,960`
**`DEPRECIATION`**
`At 1 December 2020`
`-`
`273`
`696`
`1,373`
`Charge for year`
`-`
`205`
`592`
`5,146`
`At 30 November 2021`
`-`
`478`
`1,288`
`6,519`
**`NET BOOK VALUE`**
`At 30 November 2021`
`66,000`
`615`
`1,777`
`15,441`
`At 30 November 2020`
`-`
`820`
`2,369`
`20,587`|`Total`
`funds`
`£`
`172,366`
`91,457`
`29`|
|---|---|
||`263,852`
`88,479`
`8,303`
`2,423`
`8,927`
`60,103`|
||`168,235`|
||`95,617`
`92,604`|
||`188,221`|
||`Totals`
`£`
`26,118`
`66,000`
`92,118`
`2,342`
`5,943`
`8,285`
`83,833`
`23,776`|
```
Page 13
```
```
HULL 4 HEROES
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`7. TANGIBLE FIXED ASSETS - continued`**
```
Theamountsinrespectoflandandbuildingsrepresentcertaincostsinrespectofthedesign,planningand associated
preparatory work for the Veterans Village property development.
```
## **`8. STOCKS`**
|`Stocks`
**`9.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Prepayments`
**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Other creditors`
**`11.`**
**`LEASING AGREEMENTS`**
`Minimum lease payments under non-cancellable operating leases fall due as`
`Within one year`
`Between one and five years`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Designated Fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`30.11.21`
`30.11.20`
`£`
`£`
`5,162`
`3,698`
`30.11.21`
`30.11.20`
`£`
`£`
`17,400`
`16,970`
`9,624`
`-`
`27,024`
`16,970`
`30.11.21`
`30.11.20`
`£`
`£`
`10,687`
`837`
`10,833`
`6,728`
`21,520`
`7,565`
`follows:`
`30.11.21`
`30.11.20`
`£`
`£`
`2,880`
`2,880`
`-`
`2,880`
`2,880`
`5,760`
`Net`
`At`
`movement`
`At`
`1.12.20`
`in funds`
`30.11.21`
`£`
`£`
`£`
`50,368`
`76,255`
`126,623`
`57,043`
`30,473`
`87,516`
`107,411`
`106,728`
`214,139`
`80,810`
`17,489`
`98,299`
`188,221`
`124,217`
`312,438`|`30.11.21`
`30.11.20`
`£`
`£`
`5,162`
`3,698`
`30.11.21`
`30.11.20`
`£`
`£`
`17,400`
`16,970`
`9,624`
`-`
`27,024`
`16,970`
`30.11.21`
`30.11.20`
`£`
`£`
`10,687`
`837`
`10,833`
`6,728`
`21,520`
`7,565`
`follows:`
`30.11.21`
`30.11.20`
`£`
`£`
`2,880`
`2,880`
`-`
`2,880`
`2,880`
`5,760`
`Net`
`At`
`movement`
`At`
`1.12.20`
`in funds`
`30.11.21`
`£`
`£`
`£`
`50,368`
`76,255`
`126,623`
`57,043`
`30,473`
`87,516`
`107,411`
`106,728`
`214,139`
`80,810`
`17,489`
`98,299`
`188,221`
`124,217`
`312,438`|
|---|---|---|
|||`214,139`
`98,299`|
|||`312,438`|
```
Page 14
```
```
HULL 4 HEROES
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`12. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Designated Fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
`Designated Fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`226,601`
`(150,346)`
`76,255`
`30,473`
`-`
`30,473`
`257,074`
`(150,346)`
`106,728`
`101,636`
`(84,147)`
`17,489`
`358,710`
`(234,493)`
`124,217`
`Net`
`At`
`movement`
`At`
`1.12.19`
`in funds`
`30.11.20`
`£`
`£`
`£`
`28,162`
`22,207`
`50,369`
`57,042`
`-`
`57,042`
`85,204`
`22,207`
`107,411`
`7,400`
`73,410`
`80,810`
`92,604`
`95,617`
`188,221`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`140,146`
`(117,939)`
`22,207`
`123,706`
`(50,296)`
`73,410`
`263,852`
`(168,235)`
`95,617`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`226,601`
`(150,346)`
`76,255`
`30,473`
`-`
`30,473`
`257,074`
`(150,346)`
`106,728`
`101,636`
`(84,147)`
`17,489`
`358,710`
`(234,493)`
`124,217`
`Net`
`At`
`movement`
`At`
`1.12.19`
`in funds`
`30.11.20`
`£`
`£`
`£`
`28,162`
`22,207`
`50,369`
`57,042`
`-`
`57,042`
`85,204`
`22,207`
`107,411`
`7,400`
`73,410`
`80,810`
`92,604`
`95,617`
`188,221`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`140,146`
`(117,939)`
`22,207`
`123,706`
`(50,296)`
`73,410`
`263,852`
`(168,235)`
`95,617`|
|---|---|---|
|||`95,617`|
```
Page 15
```
```
HULL 4 HEROES
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021
```
## **`12. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
`Designated Fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Net`
`At`
`movement`
`At`
`1.12.19`
`in funds`
`30.11.21`
`£`
`£`
`£`
`28,162`
`98,462`
`126,624`
`57,042`
`30,473`
`87,515`
`85,204`
`128,935`
`214,139`
`7,400`
`90,899`
`98,299`
`92,604`
`219,834`
`312,438`|`Net`
`At`
`movement`
`At`
`1.12.19`
`in funds`
`30.11.21`
`£`
`£`
`£`
`28,162`
`98,462`
`126,624`
`57,042`
`30,473`
`87,515`
`85,204`
`128,935`
`214,139`
`7,400`
`90,899`
`98,299`
`92,604`
`219,834`
`312,438`|
|---|---|---|
|||`214,139`
`98,299`|
|||`312,438`|
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Designated Fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`366,747`
`30,473`
`397,220`
`225,342`
`622,562`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(268,285)`
`98,462`
`-`
`30,473`
`(268,285)`
`128,935`
`(134,443)`
`90,899`
`(402,728)`
`219,834`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(268,285)`
`98,462`
`-`
`30,473`
`(268,285)`
`128,935`
`(134,443)`
`90,899`
`(402,728)`
`219,834`|
|---|---|---|---|
||||`128,935`
`90,899`|
||||`219,834`|
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30 November 2021.
```
```
Page 16
```
```
HULL 4 HEROES
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021`**
||`30.11.21`|`30.11.20`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`150,878`|`48,675`|
|`Grants`|`101,627`|`123,691`|
||`252,505`|`172,366`|
|**`Other trading activities`**|||
|`Fundraising receipts`|`74,818`|`70,064`|
|`Merchandising receipts`|`31,372`|`21,393`|
||`106,190`|`91,457`|
|**`Investment income`**|||
|`Bank interest received`|`15`|`29`|
|**`Total incoming resources`**|`358,710`|`263,852`|
|**`EXPENDITURE`**|||
|**`Other trading activities`**|||
|`Fundraising, inc merchandising`|`61,475`|`36,567`|
|`Costs associated with obtaining grant funding`|`9,293`|`3,087`|
|`Costs associated with Covid 19`|`9,490`|`22,324`|
|`Plant and machinery`|`205`|`273`|
|`Fixtures and fittings`|`592`|`696`|
|`Motor vehicles`|`5,146`|`1,373`|
||`86,201`|`64,320`|
|**`Charitable activities`**|||
|`Refurbishments`|`10,927`|`8,303`|
|`Veterans' emergency needs`|`4,420`|`2,423`|
|`Veterans' Village development costs`|`1,200`|`8,927`|
||`16,547`|`19,653`|
|**`Other`**|||
|`Wages`|`61,141`|`34,536`|
|`Pensions`|`429`|`-`|
|`Volunteer refreshments & exps`|`6,163`|`4,915`|
|`Motor expenses`|`15,840`|`4,561`|
|`Rent and fees`|`16,449`|`10,170`|
|`Office costs`|`10,461`|`5,633`|
|`Accountancy`|`971`|`288`|
||`111,454`|`60,103`|
|**`Support costs`**|||
|**`Management`**|||
|`Insurance`|`1,546`|`841`|
|`Carried forward`|`1,546`|`841`|
```
This page does not form part of the statutory financial statements
```
```
Page 17
```
```
HULL 4 HEROES
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021`**
||`30.11.21`|`30.11.20`|
|---|---|---|
||`£`|`£`|
|**`Management`**|||
|`Brought forward`|`1,546`|`841`|
|`Telephone and Internet`|`6,623`|`7,566`|
|`Postage, stationery and advert`|`11,310`|`15,449`|
||`19,479`|`23,856`|
|**`Finance`**|||
|`Bank charges`|`812`|`303`|
|`Total resources expended`|`234,493`|`168,235`|
|**`Net income`**|`124,217`|`95,617`|
```
This page does not form part of the statutory financial statements
```
```
Page 18
```