Chaty reglstratlon number 11B5352 THE HULL LIGHTHOUSE PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
THE HULL LIGHTHOUSE PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Trustoès J Buckley J Farfey Mrs J Honey Shirley Ross C Thomas F ts0 Charlty number 1185352 Independent examlner Fawley Judge & Easton Chartered Cerbffied A¢¢ounlant$ 1 Parfiament Street Hull East Yort(shire HU1 2AS
THE HULL LIGHTHOUSE PROJECT CONTENTS Page Tnjstees. feport Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 7-16
THE HULL LIGHTHOUSE PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2024 The trustees present their annual report and finanaal statements for the year ended 30 April 2024. The financial statements have been prepared in accordance wth the accounting polices in policy 1to ensure the account5 are in line with the Charity's act and actounting and repo.ng by charities and them preparing there account5 in line FRS102. ObJoctlve$ and actlvlt5os The charity's object is to relieve the needs of women working in prostitution and other vulnerable women in the CAty of Hull and the surrounding areas. in p8rbcular but nol exclusivety by the provision of outreach and sUPPOrt 5ervice5. advice, assistsnce and inlorrnalion. as well as signpostin9 to relevant services and benerts. Our goals are achieved throt*gh our Outreach Support. both day and evening. along with weekly peer group support sessions and regular contact with HMP Newhall lo support the women. Daytime outreach consists ol weekly group sessions. daily support. care and advice by trained slall. Evening outreach offers refreshments and practical help as well as advice on seyual heatth, housing and general he8lth. Ongoing progress h85 been rnade towards fulfilling these objectives during the year. The project is dependenl upon ¢he service5 of unpaid volunteers and agency repres&ntative$ to a¢hieve rts objeIVeS, in parb'¢ular wrth the delivery of the evenin9 Outrèach. Public benefit The trustees have paid due regard to guidancè issued by the Chanty Commission in deciding what Jth'vrties the ¢harity should undertako.
THE HULL LIGHTHOUSE PROJECT TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Achlevom•nts and p•rfomianeè Significant activitl8s and aclJi8V8ffl8nts againsl obctiV*S During the period 202&24 our outreach team have engaged with and supwted over 110 women. We intense supported 65 women during the day. and the evening outreach leam connected with over 67 women several times. Diff8r8nt agency worker5 joined us on the evenin9 shift to build Irusted felationship with the women and easier routes to the support needed, suth as addictson and mental heath. We WE able to glow the team and recruit new staff, as well as training new volunteers to help at our building during the day and on our evening outreach shifts. A weekty addiction clinic was held wth a non4nedical PTescJibiThJ nurse at our building. This enabled new women asking for support on the evening outreach shfft to be placed on a srjipt rapidty. helping them to nKJve away from the dangers of street sex work and access the other support Ihey needed. Ovar the 12 months the drown has •xtrèmety busy due to the growng numb•r ol homèless women w& supported. The drop-ln was accessed over 350 times by women askin9 lor various support and to use the shower, the washing machine, gel warm clothes. or for a sleep on Ihe sofa and something to eat. With Support from Inclusion Health. we had a nurse seconded to us, this gave the women direcl access lo support for treir many heamh issues. Before this the women would often ignore condrtions until they became an ur9ent h08pitsI admission. We also supported women lo attend healthy wellbein9 ¢ourses antj 9enlle exer¢18e ¢la$ses. The weekly art sessions have been popular. bringing new creativty and interests, but most of all creating healthy community and fn'endships. The Art group took part in an Art exhibrtion that they named HERE WE ARE, their work was displayed for a few weeks at Rooled in Hull. We have facilitated many One-trtr Cooking sessions where Ihtr relaxed environm&nl rn8ke$ 8upportiv& conversations mu¢h easier. 81$0 ¢ooked large ¢¢l¢br¥tion meals. ealing 10g&thef around 8 bi9 lobso lo further create community and new memones. We continued to offer weekty therapeubc counseling sessions. held by a trained therapeutic counsellor. These were transforrnational for Ihe women who accessed Ihem. We regulaty took part in an in¢¥S1n9 number of mulla9$n¢Y me¢lin9$ lo provide wrap-around support for som& of thè most complex and hard to reach womèn in our crty- We made monthty visrts to HMP Newhall lo visil women we already knew or those who We referred to us whilst in prison. As well as visiting. regular letters We sent. and we arranged to pick women up on the day of release to help connect them with all their 511PPOrt on their retum to Hull Flnanelal r•vlèw The charity's financAal posthn at 30th April 2024 is considered to be satisfaciory. The charity's assets are available and adequate to fu1 its obligations. The ac£ovnts have been prepared on the going concem bas18. It is the charty's policy to retain sufficient fvnds to cover fluctuations in incowne, current li8bilities and unplanned expenditure In line with the forecasted needs of Ihe organisation. By prudent planning and monitoring, every effort is made to keep unexpected fluctuatsons to a minimum and to limit Ihe proportion of the charity's funds that must be tied up. The Trustees have reviewed the charity's need for reserves in line wth the guidance i$5ued by the Charity Commission and wll atternpt to athieve a sustainable rninimurn reserve of 3 months, operating c05t5 either in respect of flee reserves or OtherSe designated lunds which can be undesignaled wthout risk to future plans and projects. Contingenaes which might arise are.. funding gaps caused by delays in receiving funding,. unexpected repairs or maintenance required to the building., unexpected repairs lo or replacement of office equipment, such as computers.. and possible redundancy pay il funding was nol availab for saLiries. The ch8rty's free reserves were £60.0j at the end ofthis year.
THE HULL LIGHTHOUSE PROJECT TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 ReseThes poliey It is the policy ol the charity that unr8strided lunds whith have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a signrficant drop in funding, they will be able to conts.nue the charity's current activities while considerabon is given to ways in which addrtional funds may be raised. This level of reserves has been maintained throughout the year. M8jorrisks The Trustees have conducted a review of Ihe major risks to which the charity is exposed and appropriate systems have been established lo miligale those risks. These indude the implementation and monitoring of policies relating to Health and Safety. and Internal Financial Controls and Reserves. In particular intemal risks are minimised by the irnplementation of procedures for authorisation of all Ir8nsaclions and projects and to ensure con51Stent quality of delivery for all operational aspects of the ch81ity- These procedures are regularty reviewed lo en8ure th81 they still mègt th$ n$&d$ ol th$ ¢harty. Structure, govemanee and management The charity Hull Lighthouse Project has been operating since May 1996 8nd h85 been registered as 8 charty wlh effect from July 1998. The charity's slalus was than9ed to a charitable incorporated organization in 2019 wrth 8 constitution dated S•pt8mbèr 2019 and pul into eff¢cl May 2020. Infomation of lh* ¢h8rity'$ Iwsteès and advi$or$ are found below. The trustees who served during Ihe year and up to the date of sIgnabJ of the financAal statements were.. J Buckley J Fartey Mrs J Honey Shirley Ross C Thomas F Watson Recruitmènt 6nd 8ppoinEment oltrustges New Trustees are recommended by the management committee. Thè Iruslees. pOrt w88 approved by the Board of Twstees. Jan6 Hon6 Mrs J Honey Trustee 11 February 2025
THE HULL LIGHTHOUSE PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HULL LIGHTHOUSE PROJECT I report to the Hull Lighouse trustees trustees on my examinalion of the ffinancial statements ol The Hull Lighthouse Project Ilhe charity) for the year ended 30April 2024. Responsibilities and basis of report As the members of the counol.trustees of the charity you are responsib lor the preparats.on of the finanaal statements in accordance with the quirementS of the CharitiesAct 2011 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the 2011 Act. Independent examIneS statement Since is required by company law to prepare its accounts on an accruals basis and is registered as 8 charity in England ha5 prepared its aunt5 on an 8wu81s basis and 1$ also registered in England gros$ income exceeded £250,000 your èxaminer must bè a member of a bo<ly liste<l in Then Re9ulab"on 11121 of the Gharilies Ac¢ounls Iscollandl Regulations 2006. 1 confirm that l am qualffied to undertake the examination because l am a member of the ACCA which is one ol the listed bod*s. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accoun15 in accordance wilh the Finanri81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prelerence to Ihe Accounbng and Reporbng by Charrties. Statement ol Re¢ommendgd Pra¢ti¢& issued tsn 1 Apnl 2005 which 1$ r¢l¢rr¥d io in the $xtsnl re9ulats"on$ bul has now be$n wlthdrawn. l understand that this has been done in order lor finanaal slalements to provide a tnje and fair view in accordance wrth Generalty Accepted Accounling PraclirE effeciNe for reporting periods beginning on or after 1 January 2015. I have Mpleted my examination. l Confirm that no matters h8vtr ¢omtr to my 8ttenlion in connecth'on with Ihtt examination giving me cause lo believe th81 in any material Spect.. accounting records were nol kept in respect of the chanty as required by section 130 of the 2011 Act,. or th¢ financi81 statemènts do not accord wrth thos¢ records", Of the finanaal staternenls do not compty wlh the applicable requiremenls conceming the fomi and content of accounts set out in the Charities (Accounls and Reports) Regulalions 2008 other than any requirement that the 8¢counls give ¥ true and tsir view whith 1$ nol ¥ fflatter considered 05 part of on independenl exarnin¥lion. I have no concems 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 financial statements to be reached. Jafll6s WiJkn8 Aiexanuer Jamts lIK1¢ AibA FavAey Judge & Easton Ch8rtered Certified Ac¢ountants 1 Parliament Street Hull East Yorkshire HU12AS Dated.. 11 February 2025
THE HULL LIGHTHOUSE PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unrestrlcted Restrlcted lunds funds 2024 2024 Total Unrestrlcted Restrlcted fund8 funds 2023 2023 Total 2024 2023 Notès Income from: Donations and legacies Investments 47,7 2.308 226,886 274,676 2.308 44,445 410 62,346 106,791 410 Total Incorn? 50.098 226.886 276.984 44.855 62.346 107.201 Expendlturg on.. Raising funds Charitable 8¢tivilie$ 8.108 159,309 8.108 159,692 147 28,157 4.781 88,942 4,928 117,099 383 Total •xp•ndlturn 383 167,417 167.800 28.304 93,723 122,027 N•t Ineom•ll•xp8ndltur•l and movement In funds 49,715 59,469 109.184 16.551 131.377) 114,8261 Reconclllatlon ol funds: Fund balances al 1 May 2023 78,789 18,604 97.393 82.238 49,981 112,219 Fund balances at 30 Aprll 2024 128.504 78,073 2C6.577 78.789 18.604 97,393 The statement of financial aclivilles indudes all gains and losses recognised in the year. All income and expen(Jhure derive from continuing activities.
THE HULL LIGHTHOUSE PROJECT BALANCE SHEET AS AT 30 APRIL 2024 2024 2023 Notes Flxed assets Tangible assets 12 6.563 5,857 Currnnt assèts Debtors Cash at bank and in hand 13 1.093 202.653 1.265 92,701 203.746 93.966 Cr•dltors'. amounts lalllng du¢ vAthln one year 14 {3.732} 12,4301 Net current assets 2(M,014 91,536 Total a88et8 le88 curr•nt IlabllSlle8 2C%S.577 97,393 Net a8•et• excludlng pen•lon Ilablllty 2&3.577 97,393 Thè lund8 of thè charlty Restricted incorne ftjnds Unrestricted funds 15 78.073 128,S04 18.604 78,789 2C6.577 97,393 The financial statements were approved by the trustees on 11 February 2025 Jan6 kbn6 Mrs J Honey Truste•
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Aecountlng pollel•s Charfty Snforniatlon The Hull Lighthouse Project is a tharrty regISted wrth the chanty commission. 1.1 Aecountlng conventlon The finanaal Statements have been prepared in acrA)rdance wrth the tharity's 19oveming documentl, the Charities Ad 2011, FRS 102 'The Finanaal RÈporkn"ng Standard appli(xblÈ in the UK and Republic of Ireland" I'FRS 102.1 and the Chants"es SORP "Accounting and Reporting by Charrties. Statement ol Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffective 1 January 20191. The charrty is a Public Benefit Entity as defined by FRS 102. The Gh8rity has t8ken advanla9e ol thtr provisions in the SORP for ¢haritie$ not lo prepare a Stslem&nl of Cash Flows. The financial statements have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a tnje and fair YW. This departure has involved following the Statement of Recommended Practice lor charibes apptying FRS 102 rather Ihan the version of the Ststement of Recommended Practice which 15 relerred to in the Regula¢H)ns but which has since been withdrawn. The financial slatemenl$ arè prèpared in slerting, whith is th¢ lundional curn¢n¢y of th¥ ¢harity. Montrtsry amounts in these financial statements are rounded lo the near•$t £. The financial statements have been prepared under the historical cost CnVentIon. Imodffied to indude the revaluation of freehold properties and to include investment properties and certain financial instruments al fair valuel. The principal accountsng pol¢cies adopled are sel oul bebw. 1.2 Golng con¢ern At the time of approving the financial slalements. Ihe trustees have a reasonable expectabon that the charity has adequate resour$ to continue in operational existence for the foreseeable lulure. Thus the trustees continue to adopt the going concem basis ol accounbng in preparing the financial staternents. 1.3 Charttable funds Unrestricted funds arè availabl8 use at the d1$ctIOn of the Iw$le&$ in fvrth&ran¢8 of th8ir charitabl8 objectives. R•$lrided funds are subject lo spe¢ffi¢ ndlInS by donors or grnntors 88 lo how Ihey may be used. The purposes an¢J uses of the restricled funds are set out in the notes to the finanaal statements. Endowment lunds 8re subject lo Spe¢rf condition8 by donors that the c8Pit81 must be maintained by the charity. 1A Income Income is recognised when the charity is legalty enlilled to it after any perfomiance conditions have been met, the amounts can be measured reliabty. and it is probable thal income will be received. Cash donations are recognised on reipt. Other donath.ons a recognised once the charty has been notified of the donation, unless perforniance condib.ons require deferral ol the amount. Income tax recoverable in relath)n to donatn$ le1¥ed under GiftAid or deeds ol covenant is iecognised at Ihe time of the donation. Legacies are recognised on receipt or othermse rf the charity has been nolified ol an impending ¢Jistribution, the amount is known, and receipt is expecied. If the amount is not known, the legacy is treated as a contingent asset.
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting policies (Continuedl 1.5 Exp•ndltur• Eypenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third paty. r( is probable that a transfer of enOMiC benefits will be iequired in settlement, and the amount of the obligation can be rneasured reli8bty. Expenditure is dassified by athvty. The costs of each adivrty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acbvity. Direcl costs attributable to a single activity are allocated directy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned befvleen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are alk)raleiJ on the portion of the assel's us&. 1.6 Tanglble Ilxed asJet• Tangible fixed assets are inrtialty measured at cost and subsequenty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to vnile off th& ¢ost or valuation of assets less their re$ldual value$ over thelr useful lives on the following bases.. Plant and equipment Computers 25% dUCing balance 33% reducing balance The gain or loss arising on the disposal of an asset is determined as the dfflerence befv4een the sale proceeds and the carrying value of the assel. and is recognised in the slatement of financial activrties. 1.7 Impalrnient of Ilxèd a•••t• Al each reporting end dale, Ihe charity reviews the rying amounts of it5 tangible assets lo determine wh8ther Ih8rÈ is any indication that thosè assets havè suffèrèd an impaimiènt loss. If any such indic8tion èxists, the recoverablè amount ol the asset is esbmated in order to dètèmine the 8Xtent ol thè impaimènt loss lif any). 1.8 Co¥h and co¥h equlvalents Cash and cash equivalents indude cash in hand. dep05ils held at call bank5. Other short-temi liquid investments with original malurities ol three monlhs or less. and bank overdrafts. Bank overdrafts are shown wrthin borrowng3 in current liats'lrties. 1.9 Financial in8trum•nts The charity has elected to appty the provisions of Section 11 'Basic Finanrial Inslrument5' and Section 12 'Olher Finanrial Instruments 1$5ues' of FRS 102 to all of it5 finanrial instruments. Financial instruments are recognised in the chanty's balance sheet when the chaity becomes party to the contractual provisions of the InstrUnt. Financial assets and liabililies a offset. wilh Ihe net amounts psenIed in the financial statements, when there is 8 legalty enforce8ble right to set off the recognised amounts and there is an intention to settle on a net b8515 or to realise the asset and 5etUe the liabiltty simuManeou5ty. BasiTe financial •$séts Basic financial assets. which indude debtors and cash and bank balances. a initially measured at tl8llS8Ction price including transaction costs and are subsequenty rarried at amortised cost using the effective interest method unle55 the arrangernent con5trtutes a ffinanung transaction. where the tiansaction is measured at the present value of the luture reIpts discounted at a market rate of interest. Finanaal assets classified as r1Vable within one year are not amortised.
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic finanrial liabilities. induding credrtors and bank loans are inrtially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instwment is measured at the present V81ue of the future payment5 discounted at a market rate of inlere51. Fin8nryal li8bilities classified 85 Payable wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 8re dassified as current liabilities if payment is due wlhin one year or le$5. If not. they are presented a5 non-current liabilities. Trade creditor5 are recogni$ed inth'ally 81 transactKJn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial liabilities are derecogni5ed whtrn thtr Charty's ¢ontr8dual oblig81ion$ expire or a discharged or ¢8ncelled. 1.10 Employe• b•n•fit8 The cost of any unused holiday trnlrflemenl is recooni8ed in thtr period in vthi¢h the employee's se8 arts received. Termination beneffts are recognlsed immediately as an expense when the charity Is demonstrably cornmted to temiinate the employment of an employee or to provide terniinalion beneffts. crttlcal accoUnn9 tIMate9 and ludgement• In the appli¢alion of the ¢harity'$ a¢¢ounbng poli¢i&s. lh& Iru$le&s are required lo make judgemtrnls, &slimales ond assumptions about the carrying amount ol assèts and liabilrties that are not rè8dily apparènt from other sources. Thè estimates and associated assumptions are based on historical experlanco and other faetors that are considered to be relevant. Actual resuKs may drffer from Ihese estimates. The estimates and undertying assvmption5 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslirnate is revised where the revision affecls only that period. or in the period ol the revision 8nd ftjture w¢)d3 where the revision alfects bolh current 8nd future penods. Income from donallons and l•gaele8 Unrestrfcled Restrlcted lunds lund8 2024 2024 Total Unrestrlcted Restrlcted fund8 funds 2023 2023 Total 2024 2023 Donations and grfts Grants iecèivablg 7.710 40,080 7.710 266,966 4.945 39,500 4.945 101,846 226,886 62,346 47,7 226.886 274.676 44,445 62,346 106,791
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Ineom• from Inv•stm•nt$ Unrestricted Unrestrlcted funds funds 2024 2023 Bank interest receivable 2,308 410 Expendltur• on ralslng funds Unrestrfcled Restricted funds fund8 2024 2024 Total Unrestrlcted Re8trlcted fund8 funds 2023 2023 Total 2024 2023 Fundralslng and publlclty Seeking donations, grants and legacies 8,108 8.108 147 4.781 4,928 Expendltur• on charftabl• actlvrtl•8 Evenlng outreach 2024 Daydme outreach 2024 Group actlvltbel 2024 Project Health and develop't wellbelng 2024 2024 Total 2024 Dlrect costs Staff eo$i$ DePCIatIOn and impairment 7,5C6 54,186 11.900 17,977 100,257 2.279 2.279 9.785 54.186 8.688 11.900 17.977 102.536 Sharè of support and gov•mane• eo8ts188• not• n Support 4.279 30.892 4.953 6.783 10.249 57.156 14.W 85.078 13.641 18.683 28.226 159.692 Analysis by fund Unrestricted funds Restricted funds 383 159,309 13,681 85,078 13,641 18,683 28,226 14, 85,078 13,641 18,683 28,226 159,692 10-
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THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Support eosts allocat•d to aetlvltS•s 2024 2023 Staff costs Office running costs Tr8ining costs Administration costs IT costs Payroll costs Governance costs Building modffjcalions 31.416 2,926 4.920 14,720 1.615 769 790 33.161 1,441 1.034 4,160 1,712 630 620 15.814 57.156 58,572 Analy8•d b•tw••n.' Evening outreach Daytime outreach Group activities Project develop't Health and wellbeing Building project 4.279 30,892 4.953 6,783 10.249 24.853 1,654 13,909 1,712 630 15,814 57.156 58,572 Net movement In funds 2024 2023 The net movement in fijnds is stated after chargingllcredrtingl. Fees payable for the independenl examination of Ihe Chari financial slatèrnenls DeprecAation of owned tangible fixed assets 200 2.279 190 1,293 Tru8t•e• None of the ITUStees lor any persons connecled with them) receNed any remuneralion or benefits from the charity during the year. 10 Employee¥ The average monthfy number of employees during the yearwas= 2024 Number 2023 Number Charitable 10 12_
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 10 Employees (Continuedl Employmènt Costs 2024 2023 W8ges 8nd $818ries 131,673 68,924 Included within the Salaries and wages are Sori81 security cos15 £1.50712023- £01 Pension ¢0515 (def ned contribution 5chernel £2,09312023- £1,323) There were no èmployees whose annual remuneration was more than £80.000. 11 Taxatlon The chanty is exempt Irom tsxation on ils actbvrties because all its income is applied for charitable purpose6. 12 Tanglbl? Ilxed a•set• Pl*nt and •4ulpmofit Computarn Total Cost At 1 May 2023 Additions 2,256 7,486 2.985 9,742 2,985 AI 30 April 2024 2.256 10,471 12,727 D•pr•elatlon and Impalmi¢nl At 1 May 2023 Depredatton charged in the year 1.967 72 1.918 2,207 3,885 2,279 At 30 April 2024 2.039 4,125 6,164 Carrylng amount At 30 April 2024 217 6,346 6,563 At 30 April 2023 289 5,568 5,857 13 D•btorn 2024 2023 Amounts falling du• vhthon on• yèar. Prepayments and accrued income 1,093 1,265 13-
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 14 Cr•dltors'. amounts falllng du• wbthln on• yèar 2024 2023 Accruals and deferred income 3.732 2.430 15 Restricted funds The restricted funds of the charity comprise the vnexpended balances of don8tions and grants held on trust subject 10 specific conditions by donors as lo how they may be used. At 1 IAay 2023 Ineomlng r•source8 R•sourc•s •xpend•d At 30 Aprll 2024 Church Wèlfare A$so¢ialion Garfield Weston Fund Hénry Smith Charity- rev8nug Henry Srnith Charity- Development Sif Jasmes Reckitt Chartty Joseph Rank Trvsl NHS Inclusion Fund Nation81 Lottery- Communty Fund PCC Humberside- Comm Safety Fund Ros8 UK Other- depciall0 419 398 172 9.888 4.172 2.903 14191 13981 134,3731 122.8821 11,4471 12.8701 127.2971 175,0001 12.5361 11941 15,799 14.356 2,725 33 44,703 27.350 72.000 75,000 2.536 455 18.604 226.886 1167.4171 78,073 14_
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 15 Restricted funds (Continuedl Prèvlous yèar= At 1 May 2022 Ineomlng r•sourc•s R•sourc•s èxpènd•(I At 30 Aprll 2023 Awaids4AII- National Lottery Church Welfare Association Clolhworkers Foundaon Garfield Weston Foundation Henry Smith Charty Henry Srnith charity- 2 Sif James Reckitt Charity Sif Jamès Reckitt Chanty- 2 Joseph Rank Trust Kitchen Refurishment PCC Humberside Comm Safety Fund Renew Community Fund R058 UK Two Ridings comm Fund Other - depciall¢n 5,500 2.457 562 15,5001 12.0381 15621 19.6021 149.0641 13.9121 110.0001 11.1501 15.1221 13,0001 12.2241 11,0001 12961 12S11 121 419 10.000 25.000 13.800 398 172 9,888 24.236 10.000 5.322 4,172 2,903 3.025 3.000 2.224 649 251 49,981 82,348 193,7231 18,604 16 Unr$trl¢t8d funds Tha unrestricted funds ol the charity comprisè th8 unèxpènd8d balances of donatlons and grants whlch Are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set asHJe out ol unrestricled lunds by Ihe (njslees for specific purposes. At 1 May 2023 Incomlng re¥our¢e8 Re8ource$ expended At 30 Aprll 2024 Unresitricted Funds Designated Funds 30.789 30.098 20,1)00 13831 60.504 68,000 78.789 $0.098 13831 128,504 Previous yèar: At 1 May 2022 Incoming resources Rtsourcts expended At 30 April 2023 Unrestricted Funds Designated Funds 31.238 31.000 27.855 17.000 128,3041 30,789 48.000 62.238 44.855 128.3041 78,789 15-
THE HULL LIGHTHOUSE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 17 Analysls of nèt assèts b•tw••n funds Unr•strlet•d fund8 2024 Rèstrtctèd funds 2024 Total 2024 At 30 Aprll 2024: Tangible assets Current assetsllliabilities 5.603 72.470 6,563 200,014 127.544 128.504 78.073 206,577 Unmtri¢ted funds 2023 R0•trl¢tsd funds 2023 Total 2023 At 30 Aprol 2023: Tangible assets Current assetsllliabilitiesl 173 78.616 5.684 12.920 5.857 91,536 78.789 18.e04 97,393 18 R•l¥iod porty tron$•¢iion• Th¥r& w¥re no 4i$¢lo$abl8 rfjlate¢J party trondin$ during tho year12023- nong). 16-