REGISTERED CHARITY NUMBER: 1170314
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
Hull LGBT+ Community Pride
360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG
Hull LGBT+ Community Pride
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
Hull LGBT+ Community Pride
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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).
Foreword from Chair of Trustees, Jamie Lewis & Vice-Chair, Andy Train:
2023 saw challenges for us locally with no Queen's Gardens available due to redevelopment work starting. We had a great opportunity to bring the event to a greater and wider demographic, literally into and throughout the city centre. The parade would be rerouted and take in the Humber Street area following a predominantly pedestrianised route including the new Murdoch Connection over a closed A63. The event was an overwhelming success attracting over 60,000 people, an increase from previous years. We had massive support to deliver the event from Hull City Council's event team and Humberside Police. Parade 11am start, main event 12 until 6pm
The Pride in Hull team did an incredible job getting the event off the ground with several challenges, such as raising money, recruiting volunteers and working with partners. We saw a significant increase in infrastructure pricing and lack of physical staff in the event industry but we still pushed ahead. The city centre was buzzing throughout the event and positively impacted on many more businesses than usual.
Our theme this year was 'Access All Areas", we felt that this theme was highly relevant now that we were literally throughout the city centre and multiple locations. Humber Street (Parade), Zebedee's Yard (Main Stage), Victoria Square (Family Area and buses), Kind Edward Street (Stands and Stalls), Freedom Quarter (Savile Street venues), Queer Joy (Princes Quay event space).
Our main partners for 2023 were:
KCOM Reckitts
We were supported by a huge range of services based in one place, including:
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Jeddy Bears Picnic Children's showcase,
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Messages of support from local Police, Councillors and local support services
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Interactive art and spoken word from local LGBTQI+ community and artists, Queer Joy hosted in Princes Quay's Event
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Space.
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Local Drag artists and inclusive sports teams such as RUFC Roundheads,
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Kinky Erotic Nature hosted by Monroe's
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Autistic Pride at Pride hosted by Hull Truck
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Hull LGBT+ Community Pride
Report of the Trustees for the Year Ended 31 December 2023
OBJECTIVES AND ACTIVITIES Objectives and aims
What is Pride in Hull?
Pride in Hull exists to manage and deliver LGBTQ+ aspirational community developments and festivals that are open to everyone, but which clearly celebrate LGBTQ+ life, equality and acceptance. The remit of our event is simple: We're here to celebrate the LGBT+ community with our friends and allies.
To do this, Pride in Hull delivers a large-scale annual event in Hull aimed at promoting inclusion, community cohesion and raising awareness of issues affecting the LGBTQ+ community not only locally and nationally, but on a global scale. The event also showcases a large parade through the street of Hull, offering creative opportunities to engage the local community in artistic projects, which has included crafting, choreography, dance and other elements of performance art. The main event consists of a large, free outdoor concert twinned with a variety of community stalls, local/national charities and public services engaging with attendees.
How we work:
The charity is overseen by a team of Trustees with the aim of representing diverse aspects of the LGBTQ+ community. The board of Trustees operate in a completely voluntary capacity, supported by volunteer officers who have responsibility for the production of the event, alongside a diverse team of on the day volunteers.
Public Benefit
Pride in Hull promotes equality and diversity for the public benefit and in particular the elimination of discrimination on the grounds of sexual orientation or gender identity, including in particular but not exclusively by:
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Raising the awareness of the public with regard to all aspects of discrimination in society and the issues and difficulties affecting the lives of LGBTQ+ people.
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Cultivating a sentiment in favour of equality and diversity in particular through celebrating the achievements of LGBTQ+ people and diversity of this community.
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Advancing education and raising awareness of inequality and diversity whether by teaching, interaction, performance or producing and/or displaying artistic and other materials.
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Producing publications, media, promoting public events and exhibitions, public advocacy and other means of communications.
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Association with voluntary organisations, other national Pride events, and governmental, public and private bodies to develop and maximise
the effectiveness of voluntary organisations run by and for LGBT+ people.
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Staging and promoting LGBT+ events and in particular an annual LGBT+ festival.
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Promoting activities to foster understanding between people from diverse backgrounds.
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Facilitating an exciting, safe and free event in our locality: enhancing public engagement in our city centre: thus increasing economic impact and local spending in our city. This additionally encourages travel and tourism into our East Yorkshire area, heightening economic and financial growth.
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Hull LGBT+ Community Pride
Report of the Trustees for the Year Ended 31 December 2023
ACHIEVEMENT AND PERFORMANCE Achievements, Performance and feedback
Pride in Hull: Everybody's Welcome.
We delivered a huge range of services, national and international performers and local talent, including:
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Jeddy Bears Picnic Children's showcase,
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State of the Arts Performing Arts Academy,
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Ongina,
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All for One Choir
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Mike Tollan DJ
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Hessle Theatre Company
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Bebedel as Dolly Parton
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Samuel Peck DJ
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Jaymi
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Channy
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Boney M
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Tinchy Stryder
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Ash from Emmerdale
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Humberside Police Band
As an inclusive board committed to accessibility, we also worked with local partners to incorporate Live BSL Sign Language Interpreters and accessibility methods throughout our showcase.
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Hull LGBT+ Community Pride
Report of the Trustees for the Year Ended 31 December 2023
FINANCIAL REVIEW
Reserves policy
The Pride in Hull Board of Trustees aim to build the organisations reserve funds to a level which would safeguard the financial responsibilities and provide economic stability for our charitable aims wherever possible and to ensure we build financial resilience as the charity grows.
We aim to build our reserve funds to a level which would represent 3 months running costs for any financial commitments from the organisation. Due to the nature of our charity's structure: these costs would be exponentially low. A sum of £18,000 will be held in reserve fund to accommodate any costs, this equates to 15% of the annual income.
Pride in Hull considered the following questions when determining the reserve threshold;
a) The risk of unforeseen emergency or other unexpected need for funds, e.g. an unexpected large repair bill or finding 'seed-funding' for an urgent project. Pride in Hull faces unprecedented challenges like other charities and ensuring we have a reserve that meets the needs for emergencies or unplanned project for our community was vital. b) Covering unforeseen day-to-day operational costs, eg employing temporary staff to cover a long-term sick absence. Pride in Hull felt that the day-to-day cost for the charity where low as we do not employ staff and expenditure is mainly around the main event of the year so consideration for day-to-day costings did not impact on the reserve needed.
c) A source of income, e.g. a grant, not being renewed. Funds might be needed to give the trustees time to act if income falls below expectations. Pride in Hull is mainly funded through donors and sponsorship and these not being renewed or generated is considered a high risk, this impacted significantly on the level of reserve funded needed to ensure Pride in Hull for fills its charitable objectives.
d) Planned commitments, or designations, that cannot be met by future income alone, eg plans for a major asset purchase or to a significant project that requires the charity to provide 'matched funding'. Pride in Hull felt that the planned commitments, or designations cost for the charity where low as we have very little commitment and expenditure beyond our main event of the year so consideration for planned commitments, or designations costings did not impact on the reserve needed.
e) The need to fund short-term deficits in a cash budget, eg money may need to be spent before a funding grant is received. Through the very nature of work in Pride in Hull do to complete its charitable objectives so ensuring there is a reserve to help fund short-term deficits is vital, this impacted on our decision to ensure we a reasonable level of reserves.
Reserves may be utilised as required for Pride in Hull spending, or appropriate associated events, where required as an interim measure: however, this spending must be formally agreed with a quorate level of Trustees and justified accordingly.
Wherever possible, the board will aim to procure relevant and adequate insurances to safeguard our financial interests and protect the organisation in event of catastrophic incidences.
The board of Trustees will formally review its Reserves Policy annually in accordance with any changes in the organisations levels of income and expenditure in addition to any other factors.
Pride in Hull Trustee board will require the charity's Finance Director to report to the board in any circumstance where the total cash held by the organisation falls below £15,000 with a detailed breakdown of spend.
At present, trustees are not permitted to claim any expenses in terms of their time or contributions in lieu of salary or volunteer expenses.
Remuneration of appropriate costs (such as travel costs for attending conferences etc.) must be agreed and voted upon by the board of trustees prior to initial spend. Monies 'laid out' and reimbursed must be approved by the director of finance, and/or chair in their absence prior to payment. Any reimbursed costs must be approved and sufficient evidence, receipts or documentation demonstrated before payments to trustee's accounts are made by the financial director or treasurer.
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Hull LGBT+ Community Pride
Report of the Trustees for the Year Ended 31 December 2023
FUTURE PLANS
Pride in Hull is well known for being a family orientated free event and is certainly a diamond in the heart of Hull, showing inclusivity, acceptance and a real sense of Pride in Hull.
We have been tested beyond the confines of Queens Gardens and it's a format we hope to build on.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Pride in Hull’s constitution stipulates that the charity must have between three and nine Trustees at any one time. The existing Trustees decide the number of Trustees needed to effectively manage the charity and recruit as necessary. Trustee positions should be advertised publicly and be open to applications in all other than the most exceptional circumstances.
Policy for managing conflicts of interest
Formal decisions under our governance are made by vote with only elected trustees being eligible to hold a vote. Conflicts of interest (such as personal relationships, financial benefit and so forth) must be expressed to the board as a standing agenda at each meeting. Chair or Vice-Chairs and relevant parties will be excluded from voting on related matters. Information on voting rights can be viewed in our constitution, available upon request.
Total salaries for key management
No trustee, elected member or volunteer for Pride in Hull are salaried and no salary payments have been made.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1170314
Principal address
19 Albion Street Hull HU1 3TG
Trustees
Mr A Train Mr N Greenfield (resigned 15/8/2024) Ms H-V Ireland (resigned 16/1/2024) Mr R Innes Ms L Toyne Mr D Gillyon-Powell (appointed 13/3/2023) Mrs S Morton (appointed 19/8/2024) Mr L Pearson (appointed 29/5/2024)
Independent Examiner
360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG
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Hull LGBT+ Community Pride
Report of the Trustees for the Year Ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
HSBC 3-4 Jameson Street Hull East Yorkshire HU1 3JX
FUNDS HELD AS CUSTODIAN FOR OTHERS
Pride in Hull does not have custodian trustees at this point in time, and has no immediate intention to appoint trustees of this nature at present.
Approved by order of the board of trustees on 30 October 2024 and signed on its behalf by:
Mr A Train - Trustee
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Independent Examiner's Report to the Trustees of Hull LGBT+ Community Pride
Independent examiner's report to the trustees of Hull LGBT+ Community Pride
I report to the charity trustees on my examination of the accounts of Hull LGBT+ Community Pride (the Trust) for the year ended 31 December 2023.
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
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.
Mr A M Steele FCA FCCA
360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG
30 October 2024
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Hull LGBT+ Community Pride
Statement of Financial Activities for the Year Ended 31 December 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 148,758 Investment income 2 21 Total 148,779 EXPENDITURE ON Raising funds 3 101,312 Charitable activities Charitable activities 10,608 Total 111,920 NET INCOME/(EXPENDITURE) 36,859 RECONCILIATION OF FUNDS Total funds brought forward 4,661 TOTAL FUNDS CARRIED FORWARD 41,520 |
Restricted fund £ - - - - - - - - - |
31/12/23 31/12/22 Total Total funds funds £ £ 148,758 146,007 21 6 148,779 146,013 101,312 144,884 10,608 15,828 111,920 160,712 36,859 (14,699) 4,661 19,360 41,520 4,661 |
|---|---|---|
The notes form part of these financial statements
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Hull LGBT+ Community Pride
Balance Sheet
31 December 2023
| 31/12/23 | 31/12/22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 5 | 709 | - | 709 | 946 | |
| CURRENT ASSETS | ||||||
| Stocks | 6 | 350 | - | 350 | 450 | |
| Debtors | 7 | 2,405 | - | 2,405 | 2,000 | |
| Cash at bank | 38,596 | - | 38,596 | 2,031 | ||
| CREDITORS | 41,351 | - | 41,351 | 4,481 | ||
| Amounts falling due within one year | 8 | (540) | - | (540) | (766) | |
| NET CURRENT ASSETS | 40,811 | - | 40,811 | 3,715 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 41,520 | - | 41,520 | 4,661 | ||
| NET ASSETS | 41,520 | - | 41,520 | 4,661 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | 41,520 | 4,661 | ||||
| TOTAL FUNDS | 41,520 | 4,661 | ||||
The financial statements were approved by the Board of Trustees and authorised for issue on 30 October 2024 and were signed on its behalf by:
Mr A Train - Trustee
The notes form part of these financial statements
Page 9
Hull LGBT+ Community Pride
Notes to the Financial Statements for the Year Ended 31 December 2023
1. 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.
Fixtures and fittings - 20% on cost
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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Hull LGBT+ Community Pride
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31/12/23 | 31/12/22 | |
| £ | £ | |
| Deposit account interest | 21 | 6 |
| RAISING FUNDS | ||
| Raising donations and legacies | ||
| Event entertainers | 31/12/23 £ 23,057 |
31/12/22 £ 53,226 |
| Support costs | 1,014 | 941 |
| 24,071 | 54,167 | |
3. RAISING FUNDS
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| COST At 1 January 2023 and 31 December 2023 |
Fixtures and fittings £ 1,182 |
| DEPRECIATION At 1 January 2023 Charge for year |
236 237 |
| At 31 December 2023 | 473 |
| NET BOOK VALUE At 31 December 2023 |
709 |
| At 31 December 2022 | 946 |
continued...
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Hull LGBT+ Community Pride
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 9. MOVEMENT IN FUNDS At 1/1/23 £ Unrestricted funds General fund 4,661 TOTAL FUNDS 4,661 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 148,779 TOTAL FUNDS 148,779 |
31/12/23 31/12/22 £ £ 350 450 31/12/23 31/12/22 £ £ - 2,000 2,405 - 2,405 2,000 31/12/23 31/12/22 £ £ - 226 540 540 540 766 Net movement At in funds 31/12/23 £ £ 36,859 41,520 36,859 41,520 Resources Movement expended in funds £ £ (111,920) 36,859 (111,920) 36,859 |
|---|---|
continued...
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Hull LGBT+ Community Pride
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/1/22 £ Unrestricted funds General fund 19,360 TOTAL FUNDS 19,360 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 146,013 TOTAL FUNDS 146,013 A current year 12 months and prior year 12 months combined position is as follows: At 1/1/22 £ Unrestricted funds General fund 19,360 TOTAL FUNDS 19,360 |
Net movement At in funds 31/12/22 £ £ (14,699) 4,661 (14,699) 4,661 Resources Movement expended in funds £ £ (160,712) (14,699) (160,712) (14,699) Net movement At in funds 31/12/23 £ £ 22,160 41,520 22,160 41,520 |
|---|---|
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 TOTAL FUNDS |
Incoming resources £ 294,792 294,792 |
Resources Movement expended in funds £ £ (272,632) 22,160 (272,632) 22,160 |
|---|---|---|
continued...
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Hull LGBT+ Community Pride
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. RELATED PARTY DISCLOSURES
During the peiod under review, the following related party transaction was undertaken on a commercial basis; Sponsorship totalling £500 and IT infrastructure, meeting spaces and marketing resources were received from The One Point Limited which is a company connected to the trustees of the Charity.
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Hull LGBT+ Community Pride
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Event entertainers Other trading activities Purchases Bad debts Charitable activities Hire of plant and machinery Insurance Travelling Advertising Depreciation of tangible fixed assets Support costs Finance Bank charges Governance costs Accountancy and legal fees Subscriptions & memberships Total resources expended Net income/(expenditure) |
31/12/23 31/12/22 £ £ 118,958 131,207 29,800 14,800 148,758 146,007 21 6 148,779 146,013 23,057 53,226 75,741 90,717 1,500 - 77,241 90,717 4,996 7,702 2,405 1,510 - 122 2,970 6,258 237 236 10,608 15,828 110 149 540 540 364 252 904 792 111,920 160,712 36,859 (14,699) |
|---|---|
This page does not form part of the statutory financial statements
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