REGISTERED CHARITY NUMBER: 1170056
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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 2024
|
|
Page |
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Reference and Administrative Details |
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1 |
|
Report of the Trustees |
2 |
to |
7 |
Independent Examiner's Report |
|
8 |
|
Statement of Financial Activities |
|
9 |
|
Balance Sheet |
|
10 |
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Cash Flow Statement |
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11 |
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Notes to the Cash Flow Statement |
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12 |
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Notes to the Financial Statements |
13 |
to |
24 |
HULL 4 HEROES
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 NOVEMBER 2024
TRUSTEES |
J Fishburn |
|
Ms D Hammond |
|
T Fishburn |
|
K Neal (resigned 19.3.25) |
|
B Cooke |
|
R Clarke (appointed 23.7.24) |
|
K Allman (appointed 4.5.25) |
|
E Waudby (appointed 4.5.25) |
|
L Fahy (appointed 1.6.25) |
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 |
Andrew Jackson Solicitors LLP |
|
Marina Court |
|
Castle Street |
|
Hull |
|
HU1 1TJ |
BANKERS |
Lloyds Bank |
|
1 Grand Buildings |
|
Jameson street |
|
Hull |
Page 1
HULL 4 HEROES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2024
The trusteespresenttheirreportwiththe financialstatementsof the charityforthe yearended30 November2024.The trustees have
adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and Activities Summary
Summary from the Chair of the Board of Trustees
I am pleased to present a summary of Hull 4 Heroes'strategicobjectivesand core activitiesfor the current reportingperiod. Our mission
remainsresoluteand steadfast:to supportveteransand their familiesin buildingstable,fulfillinglivesafterservice.The following goals
have guided our work throughout the year:
Wehavecontinuedtodelivertailoredwelfareservices,includinghousingassistance,financialguidance,andmentalhealth referrals.
Emergencyprovisions-suchas foodparcels,thermalclothing,andheaters-weredistributedtothosein urgentneed.We also expanded
our drop-in centres and outreach efforts, particularly in rural and deprived communities.
Our GEO and LISA peer supportgroups have grown significantly,with new sessionsintroducedat HMP Hull. We'vefacilitateda range of
wellbeingactivities,includingcoffeemornings,yoga,artsandcrafts,andguitarlessons.Veteranswerereferredtospecialist services
such as Op Courage and Combat Stress for further support.
Tocombatisolation,we increasedoutreachat foodbanks,shoppingcentres,and communityhubs.Inclusiveactivities-suchas football,
wheelchairrugby,andSit& Fitsessions-weredeliveredtoencourageparticipationandconnection.We alsostrengthened partnerships
with the Citizens Advice Bureaux (CAB), MIND, Op Courage, and local sports organisations.
WelaunchedtheVeteransCareerTransitionAcceleratorCourseincollaborationwithHullUniversity.Thisinitiativeprovides veterans
with access to training, employment assistance, and financial support, helping them transition into meaningful civilian careers.
A three-phase housing pathway was developed to support homeless veterans:
- |
Short-term |
Immediate shelter and 24/7 support |
- |
Medium-term |
Access to training, mental health services, and housing preparation |
- |
Long-term |
Transition to permanent housing via local authorities and private landlords |
Weinvestedinvolunteertraining,includingSamaritansSTEP,FirstAid,andMentalHealthFirstAid.Operationalcostsfor drop-in
centres and volunteer expenses were covered to ensure continuity and quality of service delivery.
Theseobjectivesreflectourcommitmentto holistic,veteran-centredsupport.We are proudofthe progressmadeand gratefulfor the
continued guidance and support of the Board, Employees, Volunteers, Donors and Supporters.
Public benefit
The Hull 4 Heroes CharityTrusteesare aware of, have consideredand regularlyreview the CharityCommission'spublic benefit guidance
to ensure activities to which it's relevant are carried out appropriately.
The Trusteesbelievethe Charityhas onlycharitablepurposeswhichare whollycarriedout for the publicbenefitwith specific members
of the public being Veterans, the Armed Forces Community and their families.
The Trustees report each year on how the Charity has carried out the charities purposes for the public benefit.
Volunteers
Volunteersassistthe Charityon all the projectsthatare grantfunded,assistat fundraisingeventsand assistin the dailyrunningof the
CharityoperationssuchasmanagingthereceptionatthemainofficelocationandintheadministrationoftheArmedForcesHub and
the Warehouse.
Page 2
HULL 4 HEROES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2024
FINANCIAL REVIEW
Financial position
Hull4Heroesincomefortheyearwas£826,211(2023:£440,342),anincreaseonthepreviousyear'sincomeduetoahigherlevel of
donations and grants received. The value of food donations included in the income figure was £369,167.
TheCharity'scostsincreasedto£879,038from£389,250inthepreviousyearduetotheinclusionofthecostvalueofthe food
donations received of £369,167 and the writing off of the Veterans' Village Development costs incurred of £107,613.
The Charity generated a deficit of £52,827 in the year compared to a surplus of £51,092 in the previous period.
Principal funding sources
The charities 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.
Reserves policy
The surplusof incomeof expenditureovertime means that the Charity'saccumulatedfunds at the balancesheet date are £531,318, of
which£142,274representsrestrictedfunds.ThefundsandtheresourcesoftheCharityareperiodicallyreviewedsothatcosts of
operation could be covered for a period in the unlikely event the income were to cease.
Going concern
At the timeofapprovingthe financialstatements,the Trusteeshavea reasonableexpectationthatthe Charityhas adequate resources
to continuein operationalexistencefor the foreseeablefuture.The Trusteesthereforecontinueto preparethe financialstatements on
the going concern basis.
FUTURE PLANS (OUTSIDE OF THE REPORTING PERIOD)
A major part of the Charity's future plans had related to the development of a Veteran's Village.
A decisionhas been made by the Board of Trusteesat Hull 4 Heroesnot to progressthe VeteransVillageproject.This decisionhas been
based on 2 factors:
1.Achangetooperationalprioritiestofocusonhomelessnessandreducefocusontransitionalserviceswhichwouldhave been
provided through the Veterans Village; and
2. Increased costs reducing the likely benefit expected from each project phase.
The Trusteeshave informedthe AFCFTthat their fundingofferof £500k(Project7830)will not be claimedagainsthoweverinvoices for
costs incurred to date which will be applied against the £25k grant previouslyallocatedto the Veterans Village.This will be used to cover
asmallportionofthesunkcostsassociatedwiththeVeteransVillageandwillbeaddedtothefundsalreadydonatedtothe charity
specifically for the Veterans Village.
The Trustees are in the process of closing the project and are obtaininglegal advice relating to funds already donated.The intentionis to
ring-fencefundsspecificallydonatedtotheVeteransVillagetofundanotherprojectsuchasobtaininga propertytohousehomeless /
rooflessveterans and their families.Followingthe outcomeof the legal advice,the intentionis to offer to return all funds to donors who
donotwishtotransfertheirdonationtotheHull4Heroescharitytobeusedtosupporttheotherimportantservicesthe charity
delivers to veterans and their families.
A provisionhas been made in these financialstatementsfor donationsspecificallymade to the Veterans'Villageprojectwhichmust be
returned, or potentially returned, to the donors.
Page 3
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Hull 4 HeroesCharityis governedwithinthe boundsof the Charitiesconstitutionwhichis structuredin 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.
Recruitment and appointment of new trustees
Trustees are selected by the existing Board of Trustees.
One Trustee, Rory Clarke was appointed during this reporting period (on 23/07/24).
Threenewtrusteeshavebeenappointedsinceyearend-KellyAllman(on4/5/25),EmmaWaudby(on4/5/25)andLauraFahy (on
1/6/25).
Organisational structure
The Charity has 8 Trustees currently with Jim Fishburn being the Chairman of the Board of Trustees.
A President is in post to provide advice and guidance as required in support of the governance of the charity.
The Charity employs 6 individuals in the roles of:
-
CEO
-
Hub Manager
-
Veterans' Health & Wellbeing Officer (VH&WO)
-
Veterans Support Lead (VSL)
-
Armed Forces Hub Coordinator
-
Veterans Outreach Officer
Ambassadors represent the charity publicly and support outreach.
Volunteers and staff supporting service delivery.
Page 4
HULL 4 HEROES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Wider network
DefenceMedicalWelfareService(DMWS):Formalpartnershipfor servicedelivery,communication,and promotionunder Armed Forces
Covenant Fund Trust (AFCFT) branding.
AFCFT: Oversight and branding compliance for funded projects.
HullCityCouncil:JointdeliveryoftheArmedForcesCommunityandCovenantProject,withquarterlymonitoringand shared
responsibilities.
University of Hull: Collaborates on the Hull VCTA project and career transition support.
Memberof ASDIC (Associationof ServiceDrop-InCentres).ASDIC representsand link veterans'Drop-Insacrossthe country. Sometimes
calledHubsorCentres,Drop-Insofferavarietyofwelfareandmentalhealthsupport,togetherwithcomradeshipandasense of
wellbeing,totheex-militarycommunityandtheirfamilies.ASDIChelpsthemtoenhancetheservicetheycanprovideandmake them
more accessible.
SSAFA, Royal British Legion (RBL), Help for Heroes: Regular collaboration and referrals.
OPCourage,OPNova,OPRestore:Hull4Heroesrefersveteranstotheseservicesformentalhealth,justicesystemsupport, and
rehabilitation.
Social prescribers, social services, and community teams: Provide referrals and coordinate care for veterans and their families.
Education and Training
Armed Forces Forum: Active participation addressing housing, health, wellbeing, finance, probation, and suicide prevention.
Page 5
HULL 4 HEROES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
Risk001:Thereisarisk,followingthedecisionnottoproceedwiththeVeteransVillageproject,thatadversepublicitywillresultin a
reduction in public support for the charity and potential legal action to recover donations intended for the Veterans Village.
Mitigation: The mitigation for this risk is:
-
Develop and issue communications via social media channels and the Annual Charity Commission Report to clearly articulate
-
- the reason behind this decision.
-
Engage with a legal organisation to identify what measures need to be put in place for all types of donations relating to the
-
Veterans Village, and wider charity, using legal advice to inform ongoing communications relating to the Veterans Village. Offer, where practicable, based on legal advice, to return funds to any individual, or organisation who has donated funds
-
- specifically to the Veterans Village.
Risk002:Thereis a riskthatdonationstotheHull4 Heroescharitywillreduceduring2026andbeyondimpactingthecashflowof the
charity and the services on offer.
Mitigation:ThemitigationforthisriskistocontinuetoraiseawarenessofthechallengesfacedbytheArmedForces Veterans
communityandtheirfamiliesandtheimportanceofdealingwiththekeyissuestheyfacesuchashomelessnessandmental health
problems.In articulatinghow these issues will be dealt with, and in themselvesmitigated,this will ensure funding for these core services
willberetained.ThisapproachwillbeappliedacrossallservicesofferedbythecharityensuringtheservicedeliveredbytheHull 4
Heroes charity always drive to mitigate issues faced by the veterans' community.
Mitigatinghomelessnesschallengesby establishinga temporaryhousingsupplyfor veteransand their familiesusing propertyowned by
the charity, or third-party property available for use as temporary accommodation for the veterans' community.
Mitigationmental health challenges,by the establishmentof more GEO and LISA TalkingGroups across the Hull 4 Heroes region and the
raisingofawarenessofmentalhealthproblemsincludingworkingwithprofessionalbodiestopreventsuicideescalatingwithin the
veterans' community.
Risk003:Thereisa riskthatthecharitywillfailtoofferthelevelofservicesexpectedbytheveterans'communityandwider regional
organisation which currently support Hull 4 Heroes.
Mitigation:Regularservicereviewswill be held with the Board of Trustees,localCouncils,veterans'organisationsand fundingbodies to
clearly articulate the benefits of the services being offered and the extent to which these services are used.
Outcomesandadvicefromservicesreviewswillbedocumentedandimplementedwithinthecharitiesoperationstoensure benefits
from improvements can be articulated and clearly communicated to donors and supporters.
Governance Policies include:
Complaints handling
Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management
Health & Safety
Equality, Diversity and Inclusion
GDPR
Privacy
Environmental
Page 6
HULL 4 HEROES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsiblefor preparing the Report of the Trustees and the financialstatementsin accordancewith applicablelaw and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Thelawapplicabletocharitiesin EnglandandWales,theCharitiesAct2011,Charity(AccountsandReports)Regulations2008and the
provisionsof the trustdeed requiresthe trusteesto preparefinancialstatementsfor each financialyear whichgive a true and fair view
ofthe stateofaffairsofthe charityand ofthe incomingresourcesand applicationofresources,includingthe incomeand 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;
-
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.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytimethe financial
positionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct2011,the Charity
(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsibleforsafeguardingtheassets 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 23 September 2025 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
I report to the charity trustees on my examination of the accounts of Hull 4 Heroes (the Trust) for the year ended 30 November 2024.
Responsibilities and basis of report
As the charitytrusteesof the Trustyou are responsiblefor the preparationof the accountsin accordancewiththe requirementsof 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
qualifiedtoundertaketheexaminationbecauseI ama memberoftheAssociationofCharteredCertifiedAccountants,whichisone of
the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe 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 havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe 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
23 September 2025
Page 8
HULL 4 HEROES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024
|
|
|
|
30.11.24 |
30.11.23 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Donations and legacies |
3 |
411,905 |
245,654 |
657,559 |
302,979 |
Other trading activities |
4 |
165,546 |
- |
165,546 |
135,119 |
Investment income |
5 |
3,106 |
- |
3,106 |
2,244 |
Total |
|
580,557 |
245,654 |
826,211 |
440,342 |
EXPENDITURE ON |
|
|
|
|
|
Raising funds |
6 |
175,694 |
63,955 |
239,649 |
172,132 |
Charitable activities |
7 |
|
|
|
|
New Office Costs |
|
- |
- |
- |
33,854 |
Veterans' Emergency Needs |
|
5,907 |
1,118 |
7,025 |
13,610 |
Veterans' Village Development |
|
107,613 |
- |
107,613 |
7,977 |
Forces Together Project |
|
- |
- |
- |
9,284 |
On the Doorstep for Veterans Project |
|
160 |
22,899 |
23,059 |
41,717 |
Out & About for Veterans Project |
|
- |
- |
- |
10,547 |
Suicide Prevention Project |
|
1,435 |
2,523 |
3,958 |
21,630 |
Veterans' Allotments Project |
|
- |
- |
- |
12,340 |
Cost of Living Project |
|
68,474 |
9,232 |
77,706 |
5,001 |
Eat Well For Less Project |
|
- |
- |
- |
2,000 |
NBF Food Collaborative Project |
|
- |
- |
- |
25,100 |
Sporting Force Project |
|
- |
15,234 |
15,234 |
8,928 |
Force for Change Project |
|
- |
11,815 |
11,815 |
20,120 |
Force for Change - Sport for All Project |
|
- |
1,776 |
1,776 |
5,010 |
Veterans' Community Hub |
|
11,124 |
64,541 |
75,665 |
- |
Sport for All Project |
|
303 |
1,482 |
1,785 |
- |
Awards for All Project |
|
603 |
1,150 |
1,753 |
- |
Foodbank assistance |
|
312,000 |
- |
312,000 |
- |
Total |
|
683,313 |
195,725 |
879,038 |
389,250 |
NET INCOME/(EXPENDITURE) |
|
(102,756) |
49,929 |
(52,827) |
51,092 |
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
|
491,800 |
92,345 |
584,145 |
533,053 |
TOTAL FUNDS CARRIED FORWARD |
|
389,044 |
142,274 |
531,318 |
584,145 |
The notes form part of these financial statements
Page 9
HULL 4 HEROES
BALANCE SHEET 30 NOVEMBER 2024
|
|
|
|
30.11.24 |
30.11.23 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
FIXED ASSETS |
|
|
|
|
|
Tangible assets |
16 |
4,311 |
86,686 |
90,997 |
106,795 |
Investments |
17 |
200 |
- |
200 |
- |
|
|
4,511 |
86,686 |
91,197 |
106,795 |
CURRENT ASSETS |
|
|
|
|
|
Stocks |
18 |
4,700 |
- |
4,700 |
3,531 |
Debtors |
19 |
12,888 |
- |
12,888 |
5,251 |
Cash at bank |
|
508,327 |
55,588 |
563,915 |
502,468 |
|
|
525,915 |
55,588 |
581,503 |
511,250 |
CREDITORS |
|
|
|
|
|
Amounts falling due within one year |
20 |
(30,424) |
- |
(30,424) |
(33,900) |
NET CURRENT ASSETS |
|
495,491 |
55,588 |
551,079 |
477,350 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
500,002 |
142,274 |
642,276 |
584,145 |
PROVISIONS FOR LIABILITIES |
22 |
(110,958) |
- |
(110,958) |
- |
NET ASSETS |
|
389,044 |
142,274 |
531,318 |
584,145 |
FUNDS |
23 |
|
|
|
|
Unrestricted funds |
|
|
|
389,044 |
491,800 |
Restricted funds |
|
|
|
142,274 |
92,345 |
TOTAL FUNDS |
|
|
|
531,318 |
584,145 |
The financialstatementswere approvedby the Board of Trustees and authorisedfor issue on 23 September 2025 and were signed on its
behalf by:
J Fishburn - Trustee
The notes form part of these financial statements
Page 10
HULL 4 HEROES
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024
|
|
30.11.24 |
30.11.23 |
|
Notes |
£ |
£ |
Cash flows from operating activities |
|
|
|
Cash generated from operations |
1 |
153,966 |
67,758 |
Net cash provided by operating activities |
|
153,966 |
67,758 |
Cash flows from investing activities |
|
|
|
Purchase of tangible fixed assets |
|
(95,425) |
(11,780) |
Purchase of fixed asset investments |
|
(200) |
- |
Interest received |
|
3,106 |
2,244 |
Net cash used in investing activities |
|
(92,519) |
(9,536) |
|
|
|
|
Change in cash and cash equivalents in the |
|
|
|
reporting period |
|
61,447 |
58,222 |
Cash and cash equivalents at the beginning of the |
|
|
|
reporting period |
|
502,468 |
444,246 |
Cash and cash equivalents at the end of the |
|
|
|
reporting period |
|
563,915 |
502,468 |
The notes form part of these financial statements
Page 11
HULL 4 HEROES
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
|
30.11.24 |
30.11.23 |
|
£ |
£ |
Net (expenditure)/income for the reporting period (as per the Statement of |
|
|
Financial Activities) |
(52,827) |
51,092 |
Adjustments for: |
|
|
Depreciation charges |
3,610 |
4,811 |
Loss on disposal of fixed assets |
107,613 |
- |
Interest received |
(3,106) |
(2,244) |
Increase in provision re donations |
110,958 |
- |
(Increase)/decrease in stocks |
(1,169) |
282 |
(Increase)/decrease in debtors |
(7,637) |
10,556 |
(Decrease)/increase in creditors |
(3,476) |
3,261 |
Net cash provided by operations |
153,966 |
67,758 |
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.12.23
Cash flow
At
£
£
Net cash
Cash at bank and in hand
502,468
61,447
502,468
61,447
Total
502,468
61,447 |
30.11.24
£
563,915 |
|
563,915 |
|
563,915 |
The notes form part of these financial statements
Page 12
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1. PRESENTATION CURRENCY
The presentation currency of the financial statements is the Pound Sterling (£).
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthe charity,whichis a publicbenefitentityunderFRS 102,havebeen preparedin accordance with
theCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
theUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention, with the exception of investments which are included at market value.
Thesestatementsareseparatefinancialstatementsandthereforepresentinformationaboutthecharityasan individual
undertaking and not as a group.
Income
All income is 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
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave 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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise 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.
Donated goods and services
Goodsand servicesreceivedas donationsare accountedfor at the valueof the costthat Hull4 Heroeswouldhave incurred to
purchase the goods or services had they not been donated.
Page 13
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
3. DONATIONS AND LEGACIES
DONATIONS AND LEGACIES |
|
|
|
30.11.24 |
30.11.23 |
|
£ |
£ |
Donations |
406,905 |
110,362 |
Grants |
250,654 |
192,617 |
|
657,559 |
302,979 |
Grants received, included in the above, are as follows: |
|
|
|
30.11.24 |
30.11.23 |
|
£ |
£ |
Joseph Rank Benevolent Fund |
750 |
750 |
Neighbourly B&Q Foundation |
- |
5,000 |
St James Place |
- |
25,000 |
Sporting Force |
385 |
30,367 |
East Riding Community Fund |
1,500 |
- |
Hull and East Yorkshire Charitable Trust |
3,200 |
2,000 |
National Lottery |
33,135 |
24,000 |
BAE Systems |
86,700 |
- |
VPPP |
5,000 |
- |
Hull City Council |
65,420 |
- |
Armed Forces Covenant |
7,144 |
20,703 |
Recycling Heroes |
- |
945 |
The Veterans' Foundation |
45,000 |
53,752 |
Two Ridings Community |
2,420 |
5,000 |
Northbank Forum for Voluntary Organisations CIO |
- |
25,100 |
|
250,654 |
192,617 |
OTHER TRADING ACTIVITIES |
|
|
|
30.11.24 |
30.11.23 |
|
£ |
£ |
Fundraising receipts |
120,380 |
117,929 |
Merchandising receipts |
15,053 |
17,190 |
Community Shop Income |
30,113 |
- |
|
165,546 |
135,119 |
4. OTHER TRADING ACTIVITIES
Page 14
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024
5. INVESTMENT INCOME
Bank interest received
6.
RAISING FUNDS
Other trading activities
Purchases
Costs associated with obtaining grant funding
Depreciation
Support costs
7.
CHARITABLE ACTIVITIES COSTS
Veterans' Emergency Needs
Veterans' Village Development
On the Doorstep for Veterans Project
Suicide Prevention Project
Cost of Living Project
Sporting Force Project
Force for Change Project
Force for Change - Sport for All Project
Veterans' Community Hub
Sport for All Project
Awards for All Project
Foodbank assistance |
30.11.24
30.11.23
£
£
3,106
2,244
30.11.24
30.11.23
£
£
72,049
49,611
1,800
10,826
3,610
4,811
162,190
106,884
239,649
172,132
Support
Direct
costs (see
Costs
note 8)
Totals
£
£
£
7,025
-
7,025
107,613
-
107,613
7,809
15,250
23,059
2,689
1,269
3,958
71,666
6,040
77,706
-
15,234
15,234
-
11,815
11,815
-
1,776
1,776
19,681
55,984
75,665
1,785
-
1,785
1,753
-
1,753
312,000
-
312,000
532,021
107,368
639,389 |
30.11.24
30.11.23
£
£
3,106
2,244
30.11.24
30.11.23
£
£
72,049
49,611
1,800
10,826
3,610
4,811
162,190
106,884
239,649
172,132
Support
Direct
costs (see
Costs
note 8)
Totals
£
£
£
7,025
-
7,025
107,613
-
107,613
7,809
15,250
23,059
2,689
1,269
3,958
71,666
6,040
77,706
-
15,234
15,234
-
11,815
11,815
-
1,776
1,776
19,681
55,984
75,665
1,785
-
1,785
1,753
-
1,753
312,000
-
312,000
532,021
107,368
639,389 |
|
|
172,132 |
|
|
Totals
£
7,025
107,613
23,059
3,958
77,706
15,234
11,815
1,776
75,665
1,785
1,753
312,000 |
|
|
639,389 |
Page 15
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
8. SUPPORT COSTS
Other trading activities
On the Doorstep for Veterans Project
Suicide Prevention Project
Cost of Living Project
Sporting Force Project
Force for Change Project
Force for Change - Sport for All Project
Veterans' Community Hub
Support costs, included in the above, are
Wages
Social security
Pensions
Rent and fees
Insurance
Motor Expenses
Telephone and Internet
Postage, stationery and advert
Volunteer refreshments & exps
Office Costs
Bank charges
Accountancy and legal fees
Wages
Social security
Pensions
Rent and fees
Insurance
Motor Expenses
Telephone and Internet
Carried forward |
Governance
Management
Finance
costs
Totals
£
£
£
£
146,675
1,364
14,151
162,190
15,250
-
-
15,250
1,269
-
-
1,269
6,040
-
-
6,040
15,234
-
-
15,234
11,815
-
-
11,815
1,776
-
-
1,776
55,984
-
-
55,984
254,043
1,364
14,151
269,558
as follows:
On the
Doorstep
Other
for
Suicide
Cost of
Sporting
trading
Veterans
Prevention
Living
Force
activities
Project
Project
Project
Project
£
£
£
£
£
57,867
15,000
1,269
1,920
15,234
7,556
-
-
-
-
2,115
-
-
-
-
11,485
-
-
1,000
-
2,351
-
-
-
-
42,223
-
-
-
-
5,990
-
-
-
-
5,457
-
-
-
-
1,313
250
-
3,120
-
10,318
-
-
-
-
1,364
-
-
-
-
14,151
-
-
-
-
162,190
15,250
1,269
6,040
15,234
30.11.24
30.11.23
Force for
Change -
Force for
Sport for
Veterans'
Change
All
Community
Total
Total
Project
Project
Hub
activities
activities
£
£
£
£
£
8,670
1,724
45,900
147,584
137,756
-
-
-
7,556
6,606
-
-
-
2,115
4,889
-
-
10,000
22,485
23,057
-
-
-
2,351
875
-
-
-
42,223
4,645
964
-
-
6,954
8,998
9,634
1,724
55,900
231,268
186,826 |
Totals
£
162,190
15,250
1,269
6,040
15,234
11,815
1,776
55,984 |
|
|
269,558 |
|
|
Sporting
Force
Project
£
15,234
-
-
-
-
-
-
-
-
-
-
- |
|
|
15,234 |
|
|
186,826 |
Page 16
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024
8. SUPPORT COSTS - continued
SUPPORT COSTS - continued |
|
|
|
Brought forward
Postage, stationery and advert
Volunteer refreshments & exps
Office Costs
Bank charges
Accountancy and legal fees |
Force for
Change
Project
£
9,634
-
2,149
32
-
-
11,815 |
30.11.24
30.11.23
Force for
Change -
Sport for
Veterans'
All
Community
Total
Total
Project
Hub
activities
activities
£
£
£
£
1,724
55,900
231,268
186,826
-
-
5,457
11,833
52
84
6,968
4,396
-
-
10,350
33,308
-
-
1,364
455
-
-
14,151
13,488
1,776
55,984
269,558
250,306 |
|
|
|
|
250,306 |
9. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30November2024norfortheyear ended
30 November 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.
10. STAFF COSTS
|
30.11.24 |
30.11.23 |
|
£ |
£ |
Wages and salaries |
147,584 |
137,756 |
Social security costs |
7,556 |
6,606 |
Other pension costs |
2,115 |
4,889 |
|
157,255 |
149,251 |
The average monthly number of employees during the year was as follows: |
|
|
|
30.11.24 |
30.11.23 |
Administration & management |
6 |
7 |
No employees received emoluments in excess of £60,000.
Page 17
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
110,362
192,617
Other trading activities
135,119
-
Investment income
2,244
-
Total
247,725
192,617
EXPENDITURE ON
Raising funds
141,079
31,053
Charitable activities
New Office Costs
8,859
24,995
Veterans' Emergency Needs
-
13,610
Veterans' Village Development
7,977
-
Forces Together Project
-
9,284
On the Doorstep for Veterans Project
-
41,717
Out & About for Veterans Project
-
10,547
Suicide Prevention Project
-
21,630
Veterans' Allotments Project
-
12,340
Cost of Living Project
-
5,001
Eat Well For Less Project
-
2,000
NBF Food Collaborative Project
-
25,100
Sporting Force Project
(673)
9,601
Force for Change Project
-
20,120
Force for Change - Sport for All Project
-
5,010
Total
157,242
232,008
NET INCOME/(EXPENDITURE)
90,483
(39,391)
Transfers between funds
43
(43)
Net movement in funds
90,526
(39,434)
RECONCILIATION OF FUNDS
Total funds brought forward
401,274
131,779
TOTAL FUNDS CARRIED FORWARD
491,800
92,345 |
Total
funds
£
302,979
135,119
2,244 |
|
440,342 |
|
172,132
33,854
13,610
7,977
9,284
41,717
10,547
21,630
12,340
5,001
2,000
25,100
8,928
20,120
5,010 |
|
389,250 |
|
51,092
- |
|
51,092
533,053 |
|
584,145 |
Page 18
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024
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 the following individual material funds were received:
|
|
Received in |
Remaining |
Received in |
Remaining |
|
|
the year to |
unspent at |
the year to |
unspent at |
Project |
Grant from |
30.11.24 |
30.11.24 |
30.11.23 |
30.11.23 |
|
|
£ |
£ |
£ |
£ |
On the Doorstep |
National Lottery |
18,500 |
7,836 |
18,500 |
12,235 |
Community Hub |
Hull City Council |
57,900 |
- |
30,000 |
- |
Plane Street House |
BAE Systems |
86,700 |
6,528 |
- |
- |
Health and Wellbeing |
Veterans' |
|
|
|
|
Officer Funding |
Foundation |
20,000 |
6,667 |
18,752 |
16,713 |
|
Veterans' |
|
|
|
|
CEO Salary Funding |
Foundation |
25,000 |
14,583 |
20,000 |
11,667 |
14. DESIGNATED FUNDS
At 30 November 2024 the charity held £91,566 in designated funds (2023 £235,912).
Of these £30,024 are held as a contingency fund.
Aftertheyearend,theVeterans'Villageprojectwasconsideredunfeasibleduetoincreasingdevelopmentcosts. Therefore
coststotalling£107,613relatingtoarchitectandplanningfeeshavebeenwrittenoffandaprovisionof£86,732for the
potential return of designated donations received has been made in the accounts for the year ended 30 November 2024.
The designated funds remaining of £61,542 will be used towards housing projects in the future.
15.
INDEPENDENT EXAMINER REMUNERATION
|
30.11.24 |
30.11.23 |
Remuneration receivable by the charity's independent examiner for the preparation |
|
|
and examination of the accounts. |
6,600 |
9,600 |
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. |
1,260 |
288 |
Page 19
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
16. TANGIBLE FIXED ASSETS
COST
At 1 December 2023
Additions
Disposals
At 30 November 2024
DEPRECIATION
At 1 December 2023
Charge for year
At 30 November 2024
NET BOOK VALUE
At 30 November 2024
At 30 November 2023 |
Land and
Plant and
Buildings
machinery
£
£
92,360
8,921
95,425
-
(107,613)
-
80,172
8,921
-
4,172
-
1,187
-
5,359
80,172
3,562
92,360
4,749 |
Fixtures
and
fittings
£
3,065
-
-
3,065
2,065
251
2,316
749
1,000 |
Motor
vehicles
£
21,960
-
-
21,960
13,274
2,172
15,446
6,514
8,686 |
Totals
£
126,306
95,425
(107,613)
114,118
19,511
3,610
23,121
90,997
106,795 |
|
|
|
|
|
Theamountsinrespectoflandandbuildingsdisposedofduringtheyearrepresentedcertaincostsinrespectofthe design,
planningandassociatedpreparatoryworkfortheVeteransVillagepropertydevelopment,nowwrittenoffduetothis project
becoming unfeasible.
The Charity are now pursuing other projectsto help veteransand the amountsin respect of land and buildingsat the end of the
year are the purchase of a house and associated renovation costs.
17. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
MARKET VALUE |
|
Additions |
200 |
NET BOOK VALUE |
|
At 30 November 2024 |
200 |
At 30 November 2023 |
- |
There were no investment assets outside the UK.
Hull 4 Heroes owns 100% of the share capital of the following subsidiary companies, incorporated during the year:
Hull4HeroesDevelopmentsLimitedwasincorporatedon17April2024withsharecapitalof100Ordinarysharesof£1 each.
The Registered Office of this company is F27 Upper Deck, Princes Quay, Hull, England, HU1 2PQ.
Hull 4 HeroesVeterans'VillageOperationsLimitedwas incorporatedon 15 May 2024 with share capitalof 100 Ordinary shares
of £1 each. The Registered Office of this company is F27 Upper Deck, Princes Quay, Hull, England, HU1 2PQ.
Page 20
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
17. FIXED ASSET INVESTMENTS - continued
The subsidiary companies have been dormant since incorporation.
18. |
STOCKS |
|
|
|
|
30.11.24 |
30.11.23 |
|
|
£ |
£ |
|
Shop Stocks for resale |
4,700 |
3,531 |
19. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
30.11.24 |
30.11.23 |
|
|
£ |
£ |
|
Trade debtors |
9,325 |
1,988 |
|
Other debtors |
- |
1,452 |
|
Prepayments |
3,563 |
1,811 |
|
|
12,888 |
5,251 |
20. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
30.11.24 |
30.11.23 |
|
|
£ |
£ |
|
Trade creditors |
3,336 |
6,357 |
|
Social security and other taxes |
177 |
177 |
|
Accrued expenses |
26,911 |
27,366 |
|
|
30,424 |
33,900 |
21. |
LEASING AGREEMENTS |
|
|
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
|
|
|
|
30.11.24 |
30.11.23 |
|
|
£ |
£ |
|
Within one year |
19,200 |
19,200 |
|
Between one and five years |
38,400 |
57,600 |
|
|
57,600 |
76,800 |
Lease payments recognised as an expense in the year total £19,200 (2023 £19,200).
Page 21
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
22.
PROVISIONS FOR LIABILITIES
Provision re donations
23.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted
TOTAL FUNDS |
30.11.24
30.11.23
£
£
110,958
-
Net
At
movement
At
1.12.23
in funds
30.11.24
£
£
£
255,888
41,590
297,478
235,912
(144,346)
91,566
491,800
(102,756)
389,044
92,345
49,929
142,274
584,145
(52,827)
531,318
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
617,290
(575,700)
41,590
(36,733)
(107,613)
(144,346)
580,557
(683,313)
(102,756)
245,654
(195,725)
49,929
826,211
(879,038)
(52,827) |
|
|
Page 22
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024
23. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
Transfers |
|
|
At |
movement |
between |
At |
|
1.12.22 |
in funds |
funds |
30.11.23 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
233,942 |
90,483 |
(68,537) |
255,888 |
Designated Fund |
167,332 |
- |
68,580 |
235,912 |
|
401,274 |
90,483 |
43 |
491,800 |
Restricted funds |
|
|
|
|
Restricted |
131,779 |
(39,391) |
(43) |
92,345 |
TOTAL FUNDS |
533,053 |
51,092 |
- |
584,145 |
Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
247,725 |
(157,242) |
90,483 |
Restricted funds |
|
|
|
|
Restricted |
|
192,617 |
(232,008) |
(39,391) |
TOTAL FUNDS |
|
440,342 |
(389,250) |
51,092 |
A current year 12 months and prior year 12 months combined position is as |
|
follows: |
|
|
|
|
Net |
Transfers |
|
|
At |
movement |
between |
At |
|
1.12.22 |
in funds |
funds |
30.11.24 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
233,942 |
132,073 |
(68,537) |
297,478 |
Designated Fund |
167,332 |
(144,346) |
68,580 |
91,566 |
|
401,274 |
(12,273) |
43 |
389,044 |
Restricted funds |
|
|
|
|
Restricted |
131,779 |
10,538 |
(43) |
142,274 |
TOTAL FUNDS |
533,053 |
(1,735) |
- |
531,318 |
Page 23
HULL 4 HEROES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024
23. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
865,015 |
(732,942) |
132,073 |
Designated Fund |
(36,733) |
(107,613) |
(144,346) |
|
828,282 |
(840,555) |
(12,273) |
Restricted funds |
|
|
|
Restricted |
438,271 |
(427,733) |
10,538 |
TOTAL FUNDS |
1,266,553 |
(1,268,288) |
(1,735) |
24. OTHER FINANCIAL COMMITMENTS
Aftertheyearend,Hull4HeroesenteredintoaleaseagreementfortheCommunityShopforthefiveyearscommencing 7
February 2025 at £12,000 per annum. The total commitment for this lease is £60,000.
25. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2024.
Page 24