REGISTERED CHARITY NUMBER: 1170056
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
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 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 11 |
| Independent Examiner's Report | 12 |
| Statement of Financial Activities | 13 |
| Balance Sheet | 14 |
| Cash Flow Statement | 15 |
| Notes to the Cash Flow Statement | 16 |
| Notes to the Financial Statements | 17 to 25 |
| Detailed Statement of Financial Activities | 26 to 27 |
HULL 4 HEROES
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 NOVEMBER 2022
| TRUSTEES | J Fishburn |
|---|---|
| Ms D Hammond | |
| T Fishburn | |
| K Neal (appointed 11.5.22) | |
| S Walton (resigned 30.3.22) | |
| B Cooke (appointed 12.6.23) | |
| PRESIDENT | P Waterhouse (appointed 6.8.23) |
| PRINCIPAL ADDRESS | Unit F27 |
| 3rd Floor Princes Quay | |
| Hull | |
| HU1 2PQ | |
| 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 | |
| BANKERS | Lloyds Bank |
| 1 Grand Buildings | |
| Jameson street | |
| Hull |
Page 1
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 30 November 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purposes of the Charity as set out in its governing document is the relief of veterans and the families of HM Forces in need by providing charitable support to those living within the City of Hull and surrounding areas by way of: Housing support, help with decorating, adaptations, benefits advice, family support, training, funding, resettlement and rehabilitation into civilian life and by working in partnership with other charities.
Significant activities
The following activities have continued in support of the charity's objectives:
Advice on housing. Help to complete housing applications. Assistance after applying themselves and having issues or missing evidence.
Assistance to gather the correct evidence for housing applications from various agencies and offices. Making contact and request the correct information is given in writing to assist. Relocation/rehousing/homelessness assistance
Speaking with housing officer/teams to ensure everything is done to help with requests for housing in a very difficult period where there is a great lack of availability.
Promoting self help Help with provision of standards at funerals via connection with other veterans' associations. (Helping those who wish to donate to us after ceremonies have a proper ceremony.
Help to apply for pensions/service records/medals other service information.
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 issues resolved. 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
The Hull 4 Heroes Charity Trustees are aware of, have considered and regularly review the Charity Commission's public benefit guidance to ensure activities to which it's relevant are carried out appropriately.
The Trustees believe the Charity has only charitable purposes which are wholly carried out for the public benefit with specific members of the public being Veterans and the Armed Forces Community.
The Trustees report each year on how the Charity has carried out the charities purposes for the public benefit.
Page 2
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
OBJECTIVES AND ACTIVITIES
Grantmaking
The Hull 4 Heroes Charity does not award grants to other organisations.
Should grant awards be considered in the future these will be made in accordance with the Charity Commission SORP and hence contribute wholly to the aims and objectives of the Charity
Grants received by the Charity that are associated with Social Investment are reported regularly to the grant makers in accordance with their policies.
Volunteers
Volunteers assist the Charity on all 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.
After the end of the reporting year volunteers have been assisting in the administration of the Armed Forces Hub.
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HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities New Groups
This year the charity has established a new female talking group Lisa's Ladies (LISA).
Projects and Events
Grants during reporting period.
The charity currently has five (5) active grants.
1. Sporting Force - Get Emotions Out (GEO Pilot Project) (Awarded January 21)
This project provides part funding to employ a Veteran's Health & Wellbeing Officer (VH&WO) and provides funding to support including various GEO costs.
The VH&WO has been in post since April 2022 delivering activities such as coffee mornings, walking clubs, weekend trips and day trips. The VH&WO is also a GEO facilitator.
The GEO Pilot project has been extended to East Yorkshire and North Lincolnshire with 6 groups currently running and has over 100 members across all groups.
2. Veterans Foundation - GEO Pilot Project (Awarded January 21)
This project provides part funding to employ a VH&WO and provides funding to support including various GEO costs.
3. Positive Pathways - Afghan Fund (Awarded December 21)
Fund granted for wellbeing camps and activities. Several Woodland Weekend camps were taken to the Lake District with activities such as hiking, bushcraft activities, team building and campfire chats. These weekends were organised for both veterans and their families with 2 family weekends organised for parents and children to reconnect and spend time together.
4. National Lottery - Project CASA (Awarded March 22)
Project CASA was granted for work in the local community. With this funding we have created a City Centre Drop in that is now open 6 days a week. We have started art classes, music sessions (requiring the purchase of guitars and a piano), board game afternoons and coffee mornings. We have organised various excursions to local museums and have created a community cycling club.
5. Veterans Growth - Allotment Project (Awarded June 22)
We were granted funds from the Armed Forces Covenant to clear and improve 2 allotments. The allotments had been neglected and the period has been spent clearing, weeding and general maintenance of the allotments. We have also bought a new summerhouse, shed and polytunnel.
Generally, the Charity has focussed, during this reporting year, on using our grant funding to assist with mental health and social isolation issues.
Since the end of the reporting year an additional four (4) grants have been awarded which include:
-
National Lottery Community Fund - Know Your Neighbourhood.
-
Forces Covenant Trust: Force for Change - Sport 4 All
-
GEO Facilitator Training
Page 4
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
4. Armed Forces Hub (June 2023)
The Armed Forces Hub grant is provided to deliver services required by the Hull City Councils Armed Forces Hub making the Hull 4 Heroes Charity the central point of contact for the Armed Forces Community in Hull.
As part of the Armed Forces Hub the Charity has started an outreach project across the city, raising awareness of the Charity and the services provided. The Charity works closely with other members of the Armed Forces Forum to provide a partnership that benefits our service users.
How is each project progressing against timescales?
All projects are running to timescale.
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 charities Project and Events Coordinator.
What veterans are being helped by each project?
Total number of Veterans assisted during this reporting period: 179 Total number of Veterans currently being assisted: 43 Veterans assisted through the GEO Pilot project: 32 Veterans assisted through the LISA Pilot project: 8 Veterans rehoused: 16 Veterans housed from being homeless: 16. Veterans into Hostels: 5 Veterans offered financial & debt assistance: 46 Veterans assisted through 'Buddy Calls': 20
Fundraising activities
All fundraising events are aimed at raising funds that are used for the relief of veterans and the families of His Majesty's Armed Forces in need.
Charitable support is provided to those veterans and families living within the City of Hull and Surrounding Areas by providing support with housing, benefits advice, training, resettlement, and rehabilitation into civilian life when transitioning from the Armed Forces.
The Charity works in partnership with other organisations when fundraising and with charitable organisations who share the same purpose and objectives.
Investment performance
No financial investments are made with charitable funds.
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HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
ACHIEVEMENT AND PERFORMANCE
A renovation plan was agreed within the reporting year to establish new offices at Princes Quay in Hull.
The opening of the offices completed as planned, shortly after the end of the reporting period, before the end of 2022.
Since the opening the new Hull 4 Heroes drop-in centre it has become a thriving hub of activity. Over 200 new individuals have connected with the Charity including returning Veterans who frequently benefit from services offered.
Many events run weekly at the centre including engaging activities like Sit and Fit, art classes, Knit and Natter, coffee mornings, games of bingo and music lessons.
Additionally, a monthly Armed Forces youth club is hosted at the drop-in centre.
The Charity now provides a range of other services on a weekly and monthly basis which include, however are not limited to, the Armed Forces Citizens Advice, advisors providing personal wealth guidance, and solicitors offering legal advice. A variety of one-off community groups, each presenting different opportunities for our visitors, are regularly hosted.
During this reporting period key partnerships have been established with the following local companies:
Reckitt Benckiser.
Quickline Communications who selected Hull 4 Heroes as their charity, hosting various fundraisers and making multiple donations. Heron Foods.
Cranswick Foods provide Hull 4 Heroes with weekly food donations which are distributed to Veterans.
ABI Caravans.
Airkool.
Crown Paints.
Cobus Communications who reaffirmed their commitment to the Charity which has been in place since 2020.
Educational and research partnerships were investigated during the reporting period with Hull University, Northumbria University, and York St John.
Since the end of the reporting period these partnerships have now been established.
Plans are in place to meet with members from Hull College and the Ron Dearing UTC to enhance existing relationships.
Since the end of the reporting period, and the completion of the move to the new location in Princes Quay, Hull 4 Heroes have established partnerships with local groups and organisations including:
SEED, an eating disorder charity started by Gemma Oaten. Special Stars, Children with learning difficulties.
Her Breast Friend, Breast Cancer charity. Butterflies, a local dementia charity.
Cornerhouse, young people sexual health and wellbeing.
Since the end of the reporting period, community engagement has expanded.
This includes establishing close collaboration with various organisations through different forums such as:
The North Bank Forum connecting Hull 4 Heroes with local health and well-being partners. Hull and East Riding Champions linking the Charity to numerous community charities. The Hull Food Partnership providing connections to local food banks.
The Armed Forces Forum connecting Hull 4 Heroes with both local and national charities and organisations supporting Veterans and Members of the Armed Forces.
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HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
ACHIEVEMENT AND PERFORMANCE
Additionally, during the reporting period, valuable relationships have been established with partner charities including:
TILS/Op Courage Op Nova Sporting Force Care After Combat Walking with the Wounded Fighting with Pride MCVC Rotherham. VPPP North East & Yorkshire Project.
The Hull 4 Heroes CEO is now a member of the following committees:
Armed Forces Forum: Addressing armed forces challenges. Associated subgroups taking targeted action on specific issues. Finance and Debt: Providing guidance on better money management.
Housing: Improving accessibility and affordability. Health and Wellbeing: Enhancing quality of life. Probation: Supporting reintegration. Vulnerable Adults: Ensuring care and protection. Suicide Prevention: Raising awareness and providing help.
Hull 4 Heroes provide support to Veterans to help address the underlying issues that may have contributed to their involvement in the criminal justice system.
Additionally, Hull 4 Heroes let Veterans who are in custody know that there is somewhere they can come for help on release from prison.
The Charity has engaged with the following HMP establishments:
HMP Hull Humber Risley Holme House Full Sutton.
The Hull 4 Heroes foodbank consistently benefits from generous contributions from major corporations such as Cranswick and Aunt Bessie's.
Weekly food donation program facilitated by the Neighbourly initiative, has led to collaboration with 19 other foodbanks, ensuring an equitable distribution of resources.
Our furniture donations have seen a significant increase. This has enabled us to provide donations to veterans, alleviating the need for regular purchases.
FINANCIAL REVIEW
Financial position
Hull 4 Heroes income for the year was £545,601 (2021: £359,710), an increase on the previous year's income due to a higher level of donations and grants received.
The Charity's costs increased to £324,986 from £234,493 in the previous year due to greater costs of raising funds and higher wage costs as more staff were employed.
The Charity generated a surplus of £220,615 in the year compared to £124,217 in the previous period.
Page 7
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
FINANCIAL REVIEW
Principal funding sources
The charities principal sources of funding are:
Aforementioned 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 charity has invested in equipment to support the charities events which includes:
-
A minibus to take veterans, volunteers and staff to events.
-
Camping equipment.
-
Cycling equipment.
-
Office equipment and improvements
Reserves policy
The surplus of income of expenditure over time means that the Charity's accumulated funds at the balance sheet date are £533,053, of which £131,779 represents restricted funds. The funds and the resources of the Charity are periodically reviewed so that costs of operation could be covered for a period in the unlikely event the income were to cease.
Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to prepare the financial statements on the going concern basis.
FUTURE PLANS
The Charity's future plans predominantly relate to the development of a Veteran's Village, for which planning permission has now been granted. This is a substantial project including the provision of housing and associated support services for veterans.
The Trustees are currently engaging with professional advisers to determine the best approaches to the development and funding, taking into account the various parties involved. The scale of the project means that potential revisions will be considered to the Charity's structure so that the project can be successfully delivered to all stakeholders and regulatory compliance is maintained.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Hull 4 Heroes Charity is governed within the bounds of the Charities constitution which is structured in such a way as to perform as Charitable Incorporated Organisation (CIO) in accordance with the Charity Commissions CIO Foundation Model.
Charity constitution
The Charity is constituted as a CIO in accordance with the Charity Commissions CIO Foundation Model.
Page 8
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees are selected by the existing Board of Trustees in collaboration with the Charities Chief Executive Officer (CEO).
After the end of the reporting period two new Trustees and a President have been appointed.
Barrie Cooke MBE has been appointed to the Board of Trustees. Barrie is an experienced Trustee, having worked with the Royal Navy and Royal Marines Charities previously, during which time Barrie was awarded the Member of the British Empire (MBE) medal.
Kalvin Neal has been appointed to the Board of Trustees. Kalvin is a serving member of the Army Reserves, a local Councillor in Hull City Council and the current Lord Mayor of Hull.
Commodore Phil Waterhouse RN has been appointed as President to assist in further Developing the Strategic direction of the Charity. Phil has extensive experience from his service in the Royal Navy and has worked extensively with a number of charitable organisations.
Organisational structure
The Charity has 5 Trustees currently with Jim Fishburn being the Chairman of the Board of Trustees.
The Charity employs 6 individuals in the roles of:
-
CEO
-
Project Lead
-
Warehouse Manager
-
Health & Wellbeing Officer
-
Veterans Support Officer (VSO)
-
Veterans wellbeing support officer (VWSO)
Paul Matson, (CEO) was awarded the British Empire Medal (BEM) in the King's 2023 New Years Honours list.
Hull 4 Heroes has established relationships with a wide group of related agencies & bodies, other charities and corporate organisations. None of which are ratified into formal contractual agreements / partnerships at this time other than the relationship with the Association of Service Drop-In Centres (ASDIC).
Induction and training of new trustees
Trustees do not undergo formal training however all of the Trustees are made aware of their obligations and are directed to read material published by the Charities Commission in support of Trustees.
Each Trustee is chosen for their individual experience and expertise. The Trustees work with members of the Charity Committee, Ambassadors and Advisors including Accountants (for financial guidance) and Solicitors (for legal guidance).
Related parties
ASDIC represents and link veterans' Drop-Ins across the country.
Sometimes called Hubs or Centres, Drop-Ins offer a variety of welfare and mental health support, together with comradeship and 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 9
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
Risk 001: There is a risk that funding will not be obtained to implement the planned Veterans Village.
Mitigation: The mitigation for this risk is to continue marketing the Veterans Village to keep the project in the public eye and the initiation of new funding campaigns. Major funding organisations are being approached.
The phasing of the project to ensure that each phase can deliver successful outcomes and benefits to warrant the individual phase funding.
In February 2023, after the end of the reporting period, a pledge (subject to Business Case) was made by the Office of Veterans Affairs (OVA) to financially support the initial phases of the project. This funding is expected to support 20-25% of the total costs of the Veterans Village project.
Risk 002: There is a risk that adverse publicity regarding Armed Forces involvement in previous overseas campaigns will have a negative impact of the public perception of the Armed Forces.
Mitigation: The mitigation for this risk is to continue to maintain a positive outlook on all social media outlets and continue to deliver services in a positive and proactive way.
Since the end of the reporting period and additional risk has been identified.
Risk 003: The is a risk that the Charity has moved to a different location which is larger and more expensive than the previous offices. This could present a future cost challenge.
Mitigation: The mitigation for this risk is the Trustees have agreed to maintain the HCC Armed Forces Hub from the new offices which has a funding allocation which covers 50% of the rent for the offices at the new location.
Governance Policies include:
Complaints handling Conflicting interests Risk management Safeguarding vulnerable beneficiaries Volunteer management
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the 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;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 10
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of 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 28 September 2023 and signed on its behalf by:
J Fishburn - Trustee
Page 11
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HULL 4 HEROES
Independent examiner's report to the trustees of Hull 4 Heroes
I report to the charity trustees on my examination of the accounts of Hull 4 Heroes (the Trust) for the year ended 30 November 2022.
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 Directions 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 confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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 concerns and have come across no other matters in connection with the examination to which attention should 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
Date: 29 September 2023
Page 12
HULL 4 HEROES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3 | 207,243 | 249,780 | 457,023 | 252,505 |
| Other trading activities | 4 | 88,508 | - | 88,508 | 106,190 |
| Investment income | 5 | 27 | 43 | 70 | 15 |
| Total | 295,778 | 249,823 | 545,601 | 358,710 | |
| EXPENDITURE ON | |||||
| Raising funds | 6 | 105,043 | 14,279 | 119,322 | 217,946 |
| Charitable activities | 7 | ||||
| Refurbishments | - | - | - | 10,927 | |
| Veterans' Emergency Needs | 2,002 | 491 | 2,493 | 4,420 | |
| Veterans' Village Development | - | - | - | 1,200 | |
| Positive Pathway Afghan Project | - | 29,960 | 29,960 | - | |
| Forces Together Project | 253 | 956 | 1,209 | - | |
| On the Doorstep for Veterans Project | - | 89,801 | 89,801 | - | |
| Out & About for Veterans Project | 213 | 37,158 | 37,371 | - | |
| Suicide Prevention Project | 799 | 36,550 | 37,349 | - | |
| Veterans' Allotments Project | 333 | 7,148 | 7,481 | - | |
| Total | 108,643 | 216,343 | 324,986 | 234,493 | |
| NET INCOME | 187,135 | 33,480 | 220,615 | 124,217 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 214,139 | 98,299 | 312,438 | 188,221 | |
| TOTAL FUNDS CARRIED FORWARD | 401,274 | 131,779 | 533,053 | 312,438 |
The notes form part of these financial statements
Page 13
HULL 4 HEROES
BALANCE SHEET 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 16 | 88,245 | 11,581 | 99,826 | 83,833 | |
| CURRENT ASSETS | ||||||
| Stocks | 17 | 3,813 | - | 3,813 | 5,162 | |
| Debtors | 18 | 15,807 | - | 15,807 | 27,024 | |
| Cash at bank and in hand | 324,048 | 120,198 | 444,246 | 217,939 | ||
| 343,668 | 120,198 | 463,866 | 250,125 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 19 | (30,639) | - | (30,639) | (21,520) | |
| NET CURRENT ASSETS | 313,029 | 120,198 | 433,227 | 228,605 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 401,274 | 131,779 | 533,053 | 312,438 | ||
| NET ASSETS | 401,274 | 131,779 | 533,053 | 312,438 | ||
| FUNDS | 21 | |||||
| Unrestricted funds | 401,274 | 214,139 | ||||
| Restricted funds | 131,779 | 98,299 | ||||
| TOTAL FUNDS | 533,053 | 312,438 |
The financial statements were approved by the Board of Trustees and authorised for issue on 28 September 2023 and were signed on its behalf by:
J Fishburn - Trustee
The notes form part of these financial statements
Page 14
HULL 4 HEROES
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 248,645 | 132,582 |
| Net cash provided by operating activities | 248,645 | 132,582 | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (22,408) | (66,000) | |
| Interest received | 70 | 15 | |
| Net cash used in investing activities | (22,338) | (65,985) | |
| Change in cash and cash equivalents in the | |||
| reporting period | 226,307 | 66,597 | |
| Cash and cash equivalents at the beginning of the | |||
| reporting period | 217,939 | 151,342 | |
| Cash and cash equivalents at the end of the | |||
| reporting period | 444,246 | 217,939 |
The notes form part of these financial statements
Page 15
HULL 4 HEROES
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 30.11.22 | 30.11.21 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net income for the reporting period (as per the Statement of Financial Activities) | 220,615 | 124,217 | ||
| Adjustments for: | ||||
| Depreciation charges | 6,415 | 5,943 | ||
| Interest received | (70) | (15) | ||
| Decrease/(increase) in stocks | 1,349 | (1,464) | ||
| Decrease/(increase) in debtors | 11,217 | (10,054) | ||
| Increase in creditors | 9,119 | 13,955 | ||
| Net cash provided by operations | 248,645 | 132,582 | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.12.21 | Cash flow | At 30.11.22 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 217,939 | 226,307 | 444,246 | |
| 217,939 | 226,307 | 444,246 | ||
| Total | 217,939 | 226,307 | 444,246 |
The notes form part of these financial statements
Page 16
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
1. PRESENTATION CURRENCY
The presentation currency of the financial statements is the Pound Sterling (£).
2. ACCOUNTING POLICIES
Basis of preparing the financial 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified 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 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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 17
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
| 3. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 30.11.22 | 30.11.21 | ||
| £ | £ | ||
| Donations | 207,243 | 150,878 | |
| Grants | 249,780 | 101,627 | |
| 457,023 | 252,505 | ||
| Grants received, included in the above, are as follows: | |||
| 30.11.22 | 30.11.21 | ||
| £ | £ | ||
| Other grants | 249,780 | 101,627 | |
| 4. | OTHER TRADING ACTIVITIES | ||
| 30.11.22 | 30.11.21 | ||
| £ | £ | ||
| Fundraising receipts | 65,587 | 74,818 | |
| Merchandising receipts | 22,921 | 31,372 | |
| 88,508 | 106,190 | ||
| 5. | INVESTMENT INCOME | ||
| 30.11.22 | 30.11.21 | ||
| £ | £ | ||
| Bank interest received | 70 | 15 | |
| 6. | RAISING FUNDS | ||
| Other trading activities | |||
| 30.11.22 | 30.11.21 | ||
| £ | £ | ||
| Purchases | 46,341 | 61,475 | |
| Costs associated with obtaining grant funding | 22,210 | 9,293 | |
| Costs associated with Covid 19 | 898 | 9,490 | |
| Depreciation | 6,415 | 5,943 | |
| Support costs | 43,458 | 131,745 | |
| 119,322 | 217,946 |
Page 18
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
7. CHARITABLE ACTIVITIES COSTS
| 7. CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| Veterans' Emergency Needs Positive Pathway Afghan Project Forces Together Project On the Doorstep for Veterans Project Out & About for Veterans Project Suicide Prevention Project Veterans' Allotments Project 8. SUPPORT COSTS |
Direct Costs £ 2,493 8,206 1,209 4,589 10,749 2,945 1,357 31,548 |
Support costs (see note 8) £ - 21,754 - 85,212 26,622 34,404 6,124 174,116 |
Totals £ 2,493 29,960 1,209 89,801 37,371 37,349 7,481 |
| 205,664 | |||
| Management £ Other trading activities 33,906 Positive Pathway Afghan Project 21,754 On the Doorstep for Veterans Project 85,212 Out & About for Veterans Project 26,622 Suicide Prevention Project 34,404 Veterans' Allotments Project 6,124 208,022 Support costs, included in the above, are as follows: Other trading activities £ Wages - Social security - Pensions - Rent and fees 7,318 Insurance 1,233 Motor Expenses 7,826 Telephone and Internet 5,083 Postage, stationery and advert 6,594 Volunteer refreshments & exps - Office Costs 5,852 Bank charges 419 Accountancy and legal fees 9,133 43,458 |
Governance Finance costs £ £ 419 9,133 - - - - - - - - - - 419 9,133 On the Positive Doorstep Pathway for Afghan Veterans Project Project £ £ 18,184 55,799 1,669 5,121 736 2,257 - 4,500 - 844 - 2,871 - - - - - 1,650 1,165 12,170 - - - - 21,754 85,212 |
Totals £ 43,458 21,754 85,212 26,622 34,404 6,124 |
|---|---|---|
| 217,574 | ||
| Out & About for Veterans Project £ 14,458 1,327 585 - - 4,312 - 1,026 2,107 2,807 - - |
||
| 26,622 |
Support costs, included in the above, are as follows:
Page 19
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
8. SUPPORT COSTS - continued
| SUPPORT COSTS - continued | ||||
|---|---|---|---|---|
| 30.11.22 | 30.11.21 | |||
| Suicide | Veterans' | |||
| Prevention | Allotments | Total | Total | |
| Project | Project | activities | activities | |
| £ | £ | £ | £ | |
| Wages | 15,505 | 2,978 | 106,924 | 61,141 |
| Social security | 1,423 | 272 | 9,812 | - |
| Pensions | 627 | 121 | 4,326 | 429 |
| Rent and fees | 1,519 | 512 | 13,849 | 16,449 |
| Insurance | - | - | 2,077 | 1,546 |
| Motor Expenses | 1,990 | 512 | 17,511 | 15,840 |
| Telephone and Internet | - | - | 5,083 | 6,623 |
| Postage, stationery and advert | 4,483 | 342 | 12,445 | 11,310 |
| Volunteer refreshments & exps | 2,160 | 668 | 6,585 | 6,163 |
| Office Costs | 6,697 | 719 | 29,410 | 10,461 |
| Bank charges | - | - | 419 | 812 |
| Accountancy and legal fees | - | - | 9,133 | 971 |
| 34,404 | 6,124 | 217,574 | 131,745 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2022 nor for the year ended 30 November 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2022 nor for the year ended 30 November 2021.
10. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 30.11.22 | 30.11.21 | |
| £ | £ | |
| Wages and salaries | 106,924 | 61,141 |
| Social security costs | 9,812 | - |
| Other pension costs | 4,326 | 429 |
| 121,062 | 61,570 | |
| The average monthly number of employees during the year was as follows: | ||
| 30.11.22 | 30.11.21 | |
| Administration & management | 5 | 3 |
No employees received emoluments in excess of £60,000.
Page 20
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 150,878 Other trading activities 106,190 Investment income 6 Total 257,074 EXPENDITURE ON Raising funds 133,799 Charitable activities Refurbishments 10,927 Veterans' Emergency Needs 4,420 Veterans' Village Development 1,200 Total 150,346 NET INCOME 106,728 RECONCILIATION OF FUNDS Total funds brought forward 107,411 TOTAL FUNDS CARRIED FORWARD 214,139 |
Restricted fund £ 101,627 - 9 101,636 84,147 - - - 84,147 17,489 80,810 98,299 |
Total funds £ 252,505 106,190 15 358,710 217,946 10,927 4,420 1,200 234,493 124,217 188,221 312,438 |
|---|---|---|
12. STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
The Statement of Financial Activities includes a combined Income and Expenditure Account.
13. INDIVIDUAL MATERIAL RESTRICTED FUNDS
During the year an amount of £80,000 was received as a National Lottery grant for the "Know Your Neighbourhood - On the Doorstep for Veterans" project. Of this, £44,950 was spend on the project and £35,050 remained unspent in Restricted Funds at 30 November 2022.
Page 21
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
14. DESIGNATED FUNDS
At 30 November 2022 the charity held £167,332 in designated funds (2021 £87,516). These funds have been designated for the Veterans' Village property development project.
15. INDEPENDENT EXAMINER REMUNERATION
| 30.11.22 | 30.11.21 | ||||
|---|---|---|---|---|---|
| Remuneration receivable by the charity's independent examiner for the preparation | |||||
| and examination of the accounts. | 2,400 | - | |||
| Remuneration receivable by the charity's independent examiner in respect | of any | ||||
| other financial services rendered to the charity, such as consultancy, financial advice | |||||
| or accountancy services. | 2,388 | 288 | |||
| TANGIBLE FIXED ASSETS | |||||
| Fixtures | |||||
| Land and | Plant and | and | Motor | ||
| Buildings | machinery | fittings | vehicles | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 1 December 2021 | 66,000 | 1,093 | 3,065 | 21,960 | 92,118 |
| Additions | 14,580 | 7,828 | - | - | 22,408 |
| At 30 November 2022 | 80,580 | 8,921 | 3,065 | 21,960 | 114,526 |
| DEPRECIATION | |||||
| At 1 December 2021 | - | 478 | 1,288 | 6,519 | 8,285 |
| Charge for year | - | 2,111 | 444 | 3,860 | 6,415 |
| At 30 November 2022 | - | 2,589 | 1,732 | 10,379 | 14,700 |
| NET BOOK VALUE | |||||
| At 30 November 2022 | 80,580 | 6,332 | 1,333 | 11,581 | 99,826 |
| At 30 November 2021 | 66,000 | 615 | 1,777 | 15,441 | 83,833 |
16. TANGIBLE FIXED ASSETS
The amounts in respect of land and buildings represent certain costs in respect of the design, planning and associated preparatory work for the Veterans Village property development.
Page 22
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
| 17. | STOCKS | |||
|---|---|---|---|---|
| 30.11.22 | 30.11.21 | |||
| £ | £ | |||
| Shop Stocks for resale | 3,813 | 5,162 | ||
| 18. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.11.22 | 30.11.21 | |||
| £ | £ | |||
| Trade debtors | 1,150 | 17,400 | ||
| Other debtors | 14,118 | - | ||
| Prepayments | 539 | 9,624 | ||
| 15,807 | 27,024 | |||
| 19. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.11.22 | 30.11.21 | |||
| £ | £ | |||
| Trade creditors | 18,730 | 10,687 | ||
| Social security and other taxes | 1,078 | - | ||
| Accrued expenses | 10,831 | 10,833 | ||
| 30,639 | 21,520 | |||
| 20. | LEASING AGREEMENTS | |||
| Minimum lease payments under non-cancellable operating leases fall due as follows: | ||||
| 30.11.22 | 30.11.21 | |||
| £ | £ | |||
| Within one year | 19,200 | 2,880 | ||
| Between one and five years | 76,800 | - | ||
| 96,000 | 2,880 | |||
| Lease payments recognised as an expense in the year total £2,880 (2021 £2,340). | ||||
| 21. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.12.21 | in funds | 30.11.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 126,623 | 107,319 | 233,942 | |
| Designated Fund | 87,516 | 79,816 | 167,332 | |
| 214,139 | 187,135 | 401,274 | ||
| Restricted funds | ||||
| Restricted | 98,299 | 33,480 | 131,779 | |
| TOTAL FUNDS | 312,438 | 220,615 | 533,053 |
Page 23
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
21. 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 Designated Fund Restricted funds Restricted TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 215,962 (108,643) 107,319 79,816 - 79,816 295,778 (108,643) 187,135 249,823 (216,343) 33,480 545,601 (324,986) 220,615 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 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 |
|---|---|
Page 24
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022
21. 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 1.12.20 in funds 30.11.22 £ £ £ 50,368 183,574 233,942 57,043 110,289 167,332 107,411 293,863 401,274 80,810 50,969 131,779 188,221 344,832 533,053 |
|---|---|
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 Movement resources expended in funds £ £ £ 442,563 (258,989) 183,574 110,289 - 110,289 552,852 (258,989) 293,863 351,459 (300,490) 50,969 904,311 (559,479) 344,832 |
|---|---|
22. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2022.
Page 25
HULL 4 HEROES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 207,243 | 150,878 |
| Grants | 249,780 | 101,627 |
| 457,023 | 252,505 | |
| Other trading activities | ||
| Fundraising receipts | 65,587 | 74,818 |
| Merchandising receipts | 22,921 | 31,372 |
| 88,508 | 106,190 | |
| Investment income | ||
| Bank interest received | 70 | 15 |
| Total incoming resources | 545,601 | 358,710 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fundraising, inc merchandising | 46,341 | 61,475 |
| Costs associated with obtaining grant funding | 22,210 | 9,293 |
| Costs associated with Covid 19 | 898 | 9,490 |
| Plant and machinery | 1,957 | 205 |
| Fixtures and fittings | 598 | 592 |
| Motor vehicles | 3,860 | 5,146 |
| 75,864 | 86,201 | |
| Charitable activities | ||
| Refurbishments | - | 10,927 |
| Veterans' emergency needs | 2,493 | 4,420 |
| Veterans' Village development costs | - | 1,200 |
| Veteran Allotment Project | 1,357 | - |
| Forces Together Project | 1,209 | - |
| Suicide Prevention Project | 2,945 | - |
| On the Doorstep for Veterans | 4,589 | - |
| Out & About for Veterans | 10,749 | - |
| PositivePathway Afghan Project | 8,206 | - |
| 31,548 | 16,547 | |
| Support costs | ||
| Management | ||
| Wages | 106,924 | 61,141 |
| Carried forward | 106,924 | 61,141 |
This page does not form part of the statutory financial statements
Page 26
HULL 4 HEROES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2022
| 30.11.22 | 30.11.21 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Brought forward | 106,924 | 61,141 |
| Social security | 9,812 | - |
| Pensions | 4,326 | 429 |
| Rent and fees | 13,849 | 16,449 |
| Insurance | 2,077 | 1,546 |
| Motor Expenses | 17,511 | 15,840 |
| Telephone and Internet | 5,083 | 6,623 |
| Postage, stationery and advert | 12,445 | 11,310 |
| Volunteer refreshments & exps | 6,585 | 6,163 |
| Office Costs | 29,410 | 10,461 |
| 208,022 | 129,962 | |
| Finance | ||
| Bank charges | 419 | 812 |
| Governance costs | ||
| Accountancy and legal fees | 9,133 | 971 |
| Total resources expended | 324,986 | 234,493 |
| Net income | 220,615 | 124,217 |
This page does not form part of the statutory financial statements
Page 27