THE HUBB FOUNDATION
ILIMITED BY GUARANTEE)
AUDITED REPORT AND FINANCIAL
STATEMENTS
31 DECEMBER 2023
C(*mpary Registratk)n Nurnb&r.' 11707416
R4istwed Charity Number: 1186026

THE HUBB FOUNDATION
CONTENTS
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES, REPORT
STATEMENT OF TRUSTEES, RESPONS181LrriES
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
7-10
STATEMENT OF FINANCIAL ACTIVITIES
11
BALANCE SHEET
12
STATEMENT OF CASH FLOWS
13
NOTES TO THE FINANCIAL sTATEME￿s
1&23

THE HUBB FOUNDATION
LEGAL AND ADMINISTrATIVE INFORMATION
REGISTEREO OFFICE
CIO Synectics Solubcw Linited
H8mil Road
Bufslem
Stoke-on-Trent
United lQngdom
ST6 1￿1
TRUSTEES
Mrs CA Shanahan OBE
Mr DD O'Neill
Mrs HJ Sa￿¢￿$
BANKERS
Natwest Bank
75 HNJh Street
Newcastle-under-Lyme
Staff￿dshIre
ST5 1PN
AUDITORS
Dean Statham
29 King Street
N8wcasU8 undw Lyme
Stsffordshire
ST5 1ER
REGISTERED COMPANY NUMBER
11707416
REGISTERED CHARITY NUMBER
1186026
Page 1

THE HUBB FOUNDATION
TRUSTEES. REPORT
Th8 Trustees wesent their re￿rt and the audited financial statements ofthe charityforthe year ended
31 Decernber 2023. The trustees have adopted the prowsions of the Ststernenl of Recommended
Pr￿liCe ISORPI"Accounliry and Rerx)rting by chwi1￿. i) th8 8nnual r8POrt and financial
stalèrnents ol the charity.
Thè financial stslements have b8an prepared in accordan¢8 with the accounting poltcies sel out in the
notes lo the accounts and comply with the charity's goveming docwnenl. Ihe Chwities Acl 2011 and
Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable lo tharities
preparing their accounts in accordance wih the Financial Reporting Standard applicable in the UK and
Republic of Ir8land IFRS102) published in October 2019.
STRUCTUR& GOVERNANCE AND MANAGEM
Gov•ming Document
organisation is a charitable company Smited by guarantso. Thg conyany vrds estsblished und8r a
Memorandum of Association, which established the objects and powers of the charitable company and
is governed under ils Articles of Associalion. dated 3 Decgmber 2018. In the event ol company
being wound up. members are required to conthl>ute an arnO￿t noleX￿eding £1.
R8crultmenl andAppolntmenf of Trustees
In accordance with the Articles of A55¢xialk)n. tho Iwstees. who are referrèd to as M&mb8rs are
apwjinlod Members when they become Direclors.
Any person who is willing lo be a Director. and who is pemiltsd by to (k) so. may be appointed to
be B Director by resolukn'on of the Directors.
The charity maintains a register of Mewnbers, a￿1 any person ceasing to be a Membèr is removed from
th8 register.
A Member shall cease to be a member if fv (a} cease to be a ditor, or Ib) di8.
Trustee Inductlon and Tralnlng
New Iruslees ar8 suprAied wth the Charity Commlssion PU￿￿tiOn. The Essential Tru51ee. IM)at You
Need to Know., along with the Memorandum and Articles and the klest financial statements.
Rtsk Management
Thg tnJsl8es have consvjered in delail Ihe risks facing the charity, tre controls in pla¢8 to miligale those
risk5 and action plans to deal ￿th Ihose araas where controls coukj be enhanced. The trustees believe
that they h8Vg apprt)priale controls in place. commensurate with the size of the organisation and Ihelr
cost effectiveness, to miltgale the risks idenlrfied. The trustees revEw and update the assessment of
th8 risks facing the charity. tggelher wilh an assessment of the controls on a regular basis.
Oryanlsatsonal Structur¢
Undor the Athles of Asso¢iatk)n, the business of the Trust is man4ed by Ihg Membershlp. M88tings
can be called al any lime by any rnember of the Memlyership. No business shan be transacted unloss
a quowm is present.
A Member is enlille(I lo appoint another person as his proxy. in acc(xd8nce with the kL to exercise all
or any of his righls lo attend and lo speak and vole at a meeting of the charity.
Pag8 2

THE HUBB FOUNDATION
TRUSTEES, REPORT
OBJECTIVES AND ACTivmES FOR THE PUBLIC BENEF
Charltable Objectives
The charity's objectives are restricted only for the public b8n8fft". 10 th? rpliel of youThJ peopte and their
families in need because ol yovlh. fina￿lat hardship (K other disadvantag& sp8cffically but not
exclusively through their leisure time activit*s and developing Iheir physical, mental and spiritual
capabilities so th81 they may grow to fully malurity as individuJs and fulty contributing members of
society.
Publlc Benefit
The trustees confirm that they have referred lo the guidance cont￿ed in the Charity Commlgslon's
general guidan￿ on public benefrt when reviewng the Trust's alw6 and objectives and in Flanning
fulure activiti8s and setting the granl making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
The Hubb Foundation's Gor& activity is to support chiklren and their [￿lI￿S during school holid8ys with
fun, free artivilies. and fethy. The Hubb Foundation I(￿USed on canvxsing a strategy that would put us
at th8 forèfront as lead CO•ordinalor of the Departrnent for Education IOIE) Holhlay Acliwlies and Food
IHAFI programme and the current fijnding for this was secured in 2021 and runs until January 2025.
With HAF fur￿1ng Ihe delivgry increased in ￿ale in 2022 and further inueased ￿ 2023.
Th8 Hubb FoundatIc￿ in partnership wth Ihe city counul ddivered the fc41owing out￿me$ for thildren
and young people Ytho attended the HAF provisKffj:
Eat more h88tthily ov8r the schoolholidays.
B6 more aclive during rhe sch￿1 holidays.
Take part in engaging and eniiching aGtwities [Wh￿h supp(rt the dgv8lopment ofres1lien￿.
Gharacter and wellbeing along with their wideraducational attainmenl).
Be safe and not to be soGi81ty isolated.
Have a grealer knowledge olhealth and nutriti(Jn.
50 MO￿ engaged with school and other local seNices 8nd have greater knowledge and
awareness of all holiday provision.
Our programme comprises of a wKle range of sp(Kts and physical actNities that challenge iThJiMdual
and team endeavours. creative tasks such as arts and crats and wr wde rarMJe of enrichrnent
activities. Examples of these include.. Multi-5p(Kts. Arts & Crafts, Bush-cfaft, Animal Handling. D J
Workshops, STEM 8CtNilies. Dan￿, Singing. Musical Thealre. Magic. CO￿1n9. Food Education.
Climbing wa115, Trampolining. Music ProYuctKJn. Illustration, Can(*iNJ, Visits lo th8 Béach Wldlife
Parks. Stables and Fami Animals.
During 2023 we were able lo cTrordinate a total 011.212 Holiday Activty arhj F¢)C*J sessions over the
Eastei, Summer and Christmas sthool holidays 8.134 children.
247 HAF sessions were delNered during the 8-day East8r hrAiday. in 46diff8r8nt venues across Stoke.
on-Trent. There wère also 15 exlemal trips lo local leisu￿ venues. and we provided 8,475 meals. We
distributed donated Eater eg9s lo every participating child and joined f(*ces wilh fellow providers Bee
AclNe in Hanley Park for a magical Easler Egg hunt on Easter Sunday. 268 SEND participants took
part in d￿l￿ted sessions contributing to a total of 2.431 attendees.
798 sessions ovèr th8 sixweekswere defN8red over 96 venues and Mp b¢al￿)n$ and with 122 differènt
partners and a lolal Pfovision of 40.018 meaL%. 29.886 opportunities and 3,663 att8ndees. In addition
lo the core spor1s activities Creative and enrichment activilies that are provided at each s8ssion.
new ones were included in the programme lor the summw 2023 in¢lJdirrfJ six family festivals.
Pag8 3

THE HUBB FOUNDATION
TRUSTEES. REPORT
The Christmas HAF offer Ihis year provided a huge 6.332 opP(thn￿eS and 187 sesslons whlch
included on site school d91ivery, onsite community ddivery, trips, f￿d and actNity hampers. Fc
Christmas, we saw 1.978 children at face-to-face sessi￿5 in schods and comrnunity venues and also
dislribute(l activity packs. In lots1 4.561 children attended sessK)ns or enjoyed an ouling to the
Pantomime. The Hubb Foundation funded 1.620 food hawnpBrs whith We￿ made up and distributed
through one of our food partners. Donated Chrthia$ gifts and se[e¢tw￿ toxes were also distributed
through local partnerships and volunteers.
Our activity providers are a group of qualified professiona15 who a￿ integral partners of our delivery
pwramrng offering a wide range of activili8s for child￿rn and y¢W p￿P]e. T￿Y le8d or wllaborale
at many ol the activity sessions and are active in the same scknls duringlerm time. ensuring conlinuity.
Communty voluntary sector providers arg integral to their own knal communities and are vital to
8ngaging childr8n and young people In the local area.
In March 2023. The Hubb Foundation, as part of the HAF programme management. purchased a 2
ye8r license with Coordinate Sports 10 5Up[￿ the managemenL marketing and data Collec￿rn and
collation for the programme delivery. The earty version of this was ploted during the Easlgr holiday and
showed great promise. Provid8rs are undergoing training as afe parents leachers who will In the
future pre book children onlo sessions. A benefit of the bwkFry portal alk)ws us lo manage takg up of
boDkings as well as aulomabcally eApluring analysi% and data for cmjr reporting wrposes.
The Hubb Foundation were instrument81 in organising Ihe Opening Schwl Facilities, a three-year
Departmenl for Education funded programme to support schools to increase of school access lo
their facilities and increase communty participation. The Hubb Fo(mdation recwiled 19 schools onlo
the prog¥ammes. specrfically larg8ting stUd￿ts from deprived b8d<grounds, with an additional 14
schools sel to loui over the next 2 years.
Th8 Hubb Pol project established in 2020 continues to sUpp￿rt the community. We were able lo
distribute 1.403 slow cookers to disadvantsged households working through ourschx)l and community
leads. The delivery forrnat redU￿d to a 6.week pryramm8. With a vouther-based system of ¢J)vering
the ingre(Jienis. With each slow cooker de￿gned to feed 4 people Imth 6 we8k5 of fo(xJ vouchers thi5
h￿1 the potential lo deliver 33.672 meals.
Stoke-on-Trenl City Ctyjncil awarded ihe charity a grant followng an applratwi for ¢apitsl fun¢ts to
provide equI￿ent to communty venues that support communty er0￿Ment and sustainability. The
equipment included sports aclivator kits. boxing kits and cooking kits. This funding 15 to be released in
waves. Thg balance came in during 2023 lor additional equiprr*nt to be used in ¢ommunity settings for
comrwnty benefrt.
The Hubb Club Plol Project funded by the CLKnmunity Foundation in 2022. was 8xt8nded in 2023 with
a successful 2-year award under the Know your NehJhbwrhorMI Scheme. For each year oflhe project
vdunleers from 4 communty centres befriended socially i$￿ated and lonety ￿dIvidUalS in their
rèspectiv8 communilies. either by making hom8 visits. or drawiro Ihem nto events in their COTNnunity
settings.
We were included in a S￿￿$SfUl shared prosperity funding applicatK)n with Middler<)rt Matters. whlch
wll sea us providing family activities and food lo the local communityovw 5 sess*)ns spanning 2023124
which link lo Ihe wider PToiect of Discovering Middleport Ihrough Pl¥8 ayj Space.
Pa9e 4

THE HUBB FOUNDATION
TRUSTEES, REPORT
FINANCIAL REVIEW AND RESULTS FOR THE PERIOD
Againsl a challenging funding enwronmenL the Charity has st￿1 been aNo lo plan, develop and expand
our se￿1C@S. The Charity, wath the aid of sound financial management and the support of Syneclic5
Solutions Lld, ils staff, arKI th8 charity's suppcvters has generated a positive financk?l outcome for the
period.
Thg success in obtaining new arvj ongoiThJ funding during 2023 from a variety of sources has allowed
us lo rèfléct on our aims and provide much needed addilk)nal resowces. We are grateful to th8
numerous indwiduals and supporters hav8 mad8 donalK&ns to the Charity and therefo￿ made a
valuable contribulKJn to the furtherance of our work IhrouglN)ut the year.
Trust88s are also grdt8ful to all organisalK)ns. k)cal and natknal. have financmlly supported our
work during 2023.
We would particularly like to thank the fonowtng for theirdonalions: Lord Mayor ofsloke on Trent, GMB
Union. Goddard Dunbar & ASSo￿aleS Ltd and Rebus Training Ltd.
In the opinion of th8 trusle8s. th8 charitys ass8ts ar8 sufftianlto th8 obligations ofthe charity.
Net expervjiture for the year was £116.776 {2022.. £69.0351. efjnsk%ting of restricied nel 8XP8nditure of
£102.110 12022.. £142.8301 arKJ unrestricted rtel expenditure of £14.666 (2022.. Income £73,795).
Retained funds at the year•end were £194.289 (2022.. £311.0651. consisting of restsicted funds of
£70,14812022= £172.258) and unrestricted funds of £124.141 (2022. £138.8071.
FUTURE PLANS
The charity plans to develop Ihe HAF promS￿n further in 2024 by offering enhanced enrichment
activities to engage with more children and young people. In addition. an automated online booking
system will be iMplen￿nted to enable more accurate data cdkction and real tirne figures in preparation
for reporbng. Th8 charity plans to implement a rot￿$1 qualty assuranc& framgwwk to measufe quality
of provision be continually provlde the highest level of provision.
Following the success of the 2023 Hubb Pots projttt, the charity will be seeking further funding lo
In¢￿aS8 the scope of the project and further expand 'Hubb'. The charity will also be seeking funding 10
develop the Hubb pots project incorporating airty8rs lo increase meal variations for families and reduce
energy cooking ￿Sts. Following Ihe success of the'Hubb dub, in 2023 thicth sees Isolat￿ individuals
connected with the cornmunity, the charity wwkj like to S8cure further lunding lo increase reach 8nd
impacl in the community-
The charity was approached al the end of 2023 to conlinue to rnanage Department for Education
funding, linked dire¢Uy lo schools. to provid8 Opp￿lUn1tieS to keep schools and their facilities open
ouiside of the rK)rmal school operaling day and into hdiday periods. Discusslons betsveen the DfE and
treasury are expected lo confim further murttyear fundirKJ for hcAiday provis￿)n.
INVESTMENT POLICY
The trustees are authorised by the Memorandum and Artides of Association lo invest monies nol
immediately required for the charity's own purposes after obtainiro advice from a financial expert,
having regard to the suitability of investrnenls and the need for diversific8tion.
RESERVES POLICY
The trustees have examined lh8 charitys requirements for reserves considering the main risks lo the
organisation.
Page 5

THE HUBB FOUNDATION
TRUSTEES, REPORT
It has established a policy whereby the unrestricted funds not comffiitted or inv&sted in tangible fixed
assets held by the charity should be be￿een 3-6 months of the expendrture to ensure Ihal the charity
is self-sufficienl in the longer term. Long term sustainability and buildirwJ reserves resilience remains
one of the priority key aims of the charity's Iruslegs.
CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT
E51imales and judgements are continually evaluale¢J and a￿ based on a number of factors induding
expectations of futu￿ events that are believed lo be reasonable und8r th8 circumsiances.
DISCLOSURE OF INFORMATION TO THE AUDITORS
We. the trustees of the charitable company who held office at the date of approval of these Financial
Statements as sel out above each confirm. so far as we are aware that..
There is no relevant au¢Jil infomation ofwhich the charitabl8 CoMp￿Y'S auditors are unaware-, and
We have taken all the steps that we ought lo have taken as trustees in order to make ourselves
aware of any relevant audit information and to establish that the charitsble company's auditors are
awarg of that information.
By order of the board
Jane
awyers IS
20, 2024 1&.IOGMT+il
Mrs H J Sawyers
Chair of the Board of Trustees
Pag8 6

THE HUBB FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Irusteos (who ar8 also the Directors of The Hubb Foundation fLY Ih8purposes ofcompany lawl are
responsible lor preparing the Truslees. Annual Rewrt arvj the finarfial slatements in accordan￿ with
applicable law and United Kinglom Accwnting Standard5 (Uniied Kingdom G8nerally Accepted
Accounting Praclicel.
Company law requires the Imsie8s lo p￿pare financial statements for each financial year which give
true and fair view of Ihe slate of affairs of the charitable company d the i￿011￿ng resources and
application of resources, induding the incorne and expendilure ol the charitable company, for that
period. In preparing these finan(aal statements. the trustges are to..
Select suitable accounting policies and apply them (x)nsisknty,
Observe Ihe methods and princits in Ihe Charibes SORP IFRS1 ￿1).
Makejudgements and estimat8s that are reasonable [mud￿l.
state whether appli￿ble UK A¢￿￿n11n9 Stsndards have beeTh folowod, svbi8Ct lo any material
d8partur8s disdos8d and explained in the financial statements: and
Prepare the finarKial statements on the ￿Ing concem basis uthss it i8 inapprowiato lo presume
that thè tharity wll continue in business.
Th8 truslees are responsible for keeping proper accounting rec(yds that disclose with reasonable
accuracy al lime the finan￿al posiUon of thg tharitsble (y)mpany enabb them to ensure that
the finandal statements ￿mpty with the Companiès Act 2CM)6. They are also iesptsn5ible for
safeguarding the assets of the tharitable company and hence taking reasonab]e steps for the
prevention and detection of fraud and other irregularities.
P8g8 7

THE HUBB FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
Oplnlon
We have audited the finan￿al stslements of The Hubb Foundotion (the 'charitable Ccffipan￿l for the
year ended 31 December 2023 which compris8 the Statement of Fffjancial Acfvilies, Balance Sheet.
Slalement of Cash Flows Notes lo the Financial Stalèments, induding Signrficant Accounting
Pollcies. The finanaal reporting framewo￿ that has been applied in th￿r preparation is applicable law
and United lfjngdom Accountin9 Standards. indudrng F[n￿k￿l RetM)rtirvJ Standard 102 The FinanGial
Reporting Standard applicablg in Ilje UK 8nd Republic ofireland (Uryted Krngth) Generally Accepl8d
Accounting Pracliee).
In our oplnion the finoncAal stat8m8nts'.
Gwe a Irue and fair view ofthe stale of the charitable ￿mPan￿S affairs as 31 December 2023. arHJ
ol its incoming r8sourc8s and 8pplution of resources, inctsJdiNJ its irthrne and expenditure, for
the year then ended..
Have been properfy prepared in acLordance wth United Kingdcrfn Generalty Accepled Accounting
Practice.. and
Have been prepared in accordan￿ with the wuirements offv c￿￿t*S kt 2011.
Basls for oplnlon
We conducted our 8wJit in accordance with Inlematthal Standards on Auditirwj (UK) IISAS (UK)) and
applicable law. Our ￿Spon￿bIlItieS under Ihose sta￿lardS are further described in the auditor
r8sponsibilities for the audit of the financial stat8ments secb'on of ourf8tK)rt. W8 are indapendenl of th&
charitable company Sn accordance w(th the ethical requirements that are relevant to our audil of Ih
financial ststemenls in the UK. including Ihe FRC'S ElhiL71 Standard. and we have fuffilled our other
ethical r8spork8ibilities in accordance wilh thes8 requir8ments. We belwe that Ihe audit evidence we
have obtained is sufficient and appropriate to provide a basi5 for ouropinion.
Con¢lu$lons relatlng to golng eoncem
In auditing the finanaal statements. we have conduded that the truslees'use of the going concem basis
of accounting In the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have ntst kJeAbfied any material Un￿rtaInlieS relating lo
events or conditions that. individually or collectively. may (ast sKJnfficanl doubl on the charitable
companws ability to continue as a going concem for a period of at knsl iwdvè months from when the
financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to ￿ng concern are described
in the relevant sections of this Te&%￿.
Pag& 8

THE HUBB FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
Olh•r Informatlon
The olhor information comprises the Infom￿1￿ induded in the Trustees Report and our Auditor's
R8port Ihereon. The trustees are reSpOn￿￿e lor Ihe other infomialion contained within the Trusl88S
Report. Our opinion on th8 financial statements (k)e5 not COV8r the (Aher infNmation and, except lo thè
exient olhemse explicity staled In our Teprf we do Th)t express any form of assurance conclusion
thereon.
Our respMsibility is to read the other infomiation and, in doing w ¢￿SIder whether the other
information is materially Inconsislenl wth th8 finanaal stalements or our knowledge obtained in the
C￿rse of the audit or othe￿Ise Sp￿rS to be materially misstsled. If we identify such m81erfal
inconsistencies or apparent material misststements. we are required to determine whether Ihis gives
rise to a material misstalemenl in the financial ststements Ihemsefvps. If. tjased on th8 work we have
perfoiffled. we condud8 that there is a material misstalemenl of this c¢ther inlonnaknon. we are required
lo raport Ihal facL
We have nolhing lo rerKxt in thi8 regard.
Matters on whlch we are Tequired to report by ￿ceptIon
We have nothing to report in r8sp8Ctof the foll¢Mng malters in relat￿ towhich the Charities IAc¢ounts
and Reports) Regulations 2008 require us lo rewrt to you if. in our opinM)n=
The information giv8n in thè finan(aal sL*ments is incornsiStenl in any material respect with the
Tmst8ès' Report.. or
¢haritsble company has Th)t kept adequale accounting recr￿ds.. or
The financial stal8rn8nts 8r8 not in agreement with the accounb"NJ records and retums,. or
We have not received all the information awKI explanations we require for our al￿11.
Responslbllitles of truste•s
As explaingd more fully in the trustees, responsiTr)ll￿es statement sel out on page 6, thè trustees (who
are also the directors of the Gharitable company for thè purtM)se$ of ¢oryJany law) are responsible for
the preparation of the financial stalèm8nts and for being salisfied that Ihey give a tru8 aNI fair view,
and for such inlemal control as the trustees detemiine ￿ necessary loenablèthe preparation of financial
slalements Ihal are free fri>￿ material misstalemenl. whether due to fraud or error.
In preparing the financial statements. the trustees are responsfole for assessin9 the charitabl8
company's ability to continue as 8 going concern. di8dosirwJ. as applicable, mattèrs re181ed to going
concern and using the g(Hng concem basis of accounting unless the tntslees either intend to liquidale
the charitable company or lo cease opera¢ty)ns. or have no realistic dtematNo bul to do so.
Audltor rnsponslblllll¢s for th• audlt of the financlal statgmants
Vve have been apprynled as avdilor under sectwjn 144 of the Charilies Act 2011 and report in
accordance with Ihe Acl and relevant regulation5 made or havirvJ effectthereunder.
Our objectives are to obtain reasonable assuran￿ about whelher th8 financial statements as a whole
are f￿e from material misslalemgnl, whether due to fraud or error. aThJ to issue an auditorfs repNt that
includes our opinion. Reasonablè assurance is a high level of assuiance bul is not a guarantee that an
audit conducted in accordance with ISAS {UK}will always delecl a material misstatomenl when il exists.
Misstatements can arise from fraud or effor arKI are considered malerial if, indwidually LV In the
Page 9

THE HUBB FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
aggregate, they could r8asonabty be expected lo inlluence the ecor￿Th￿ decisions of users tsken on
the basis of these financial statements.
Irregularities. induding fraud, are InStsn￿ of non-compliance wilh laws and règulations. We design
procedures in line with our responsibiliti8s, ouuined abov8, io detect material misstatements in respoct
of Irregularities. induding fraud. The extent to which our w0¢edu￿S are capabl& of detecting
itregulariligs, including fraud is detailed below.
The engagement partner ensured that the engagement t8am cclectwely had the approprfat8
competenee. capabilitiès and skAls to identfy or r8cogniso n(￿-CoMplianCe wrth applicablè la
and regulations.,
We idontffi8d the laws and regulalK)n5 applicable to the charitable company through discussions
th trustees and olher management. and frMI our rThim8rcial krN)wledge and expYrienG8 of the
charity sèctor,
We focused on speari¢ laws arKI regu18tions which we considered rnay have a direct material effecl
on the financial stalements or the 0￿ratIonS of the charitable ￿mpanY. induding the Companies
Act 2006. data prolecbon. anti-bribery, employrrenL enVirC￿rnenta1 and heath and safety
legislation.
We assessed the ext8nt of Complian￿ with the laws and regulaiK)ns identified abDV8 through
making enquiries of management and inspecting legal correspmyence; and
Idenltfied laws and regulations w8r8 communuted the audrt team ￿gUlarlY and the team
remained alert lo instances of non-comKAlan￿ throughoul the a￿￿tt
We assessed the susceptibility of the charitable ￿mpanY$ ffftancial ststements lo material
misstslement. including obtaining an urKlerstanding of fraud m￿1 LKc#Jr. by:
Making enquiries of management as lo where they considered there was susceptibility to frau(I,
their knowledge of actual. suspected and al￿ed fraud.
Considering the intem31 controls in place lo mibgate risks of frwd and non-compliance with laws
an¢J ￿gulatior￿.
To addr8ss the risk of fraud through management bias aryl ovewTide of 0)nt￿ls, we..
Performed anatytical procedures to Klentify any unusual or un8xpected relation$hips.'
Tested joumal entries lo identify unusual transacb"ons-
Assessad whether judgernents an(1 assumptions made in delemiring the a¢￿)Unting estimate8
identified as critical were indicative of potential bias.
Inve51igaled the rationale behind significanl ty unusual transactrons.
In response 19 the r￿k of irregularities and non-eompliance kws and regulation5, we de5ignBd
procedures which induded, but were nol limit8d to:
Ag￿el￿g financial statement disclosures lo underfying suppN)rbr¥J d￿Un￿ntal1On.
Reading the minutes of Iruslees meelirvjs:
Enquiring ol management as to actLJal arKI w)tential IItKJa￿n and daims.
Reviewing correspondence wth relevant regulators and the charilaNe company's legal advisors.
There are inherent limitstions in our audit rKocedur8s descn7Jed a￿e. The more removed that laws
and regulations are from financial transactk)ns, the less likely it is that we would be￿rne aware of non.
complianc&. Auditing standards also limit the audrt procedures r8quired to identify non-complian￿ with
laws and regulations lo enquiry of th8 tnjstees and other management and the Inspection of regulatory
and lègal correspondence. if any.
Page 10

THE HUBB FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
Material rnlsstal8menls that arise due lo fraud can be harder to de￿t than Ihose Ihal arise from error
as they may involve deliberat8 concealment or collusion.
As part of an audit in acroFd8nce wth ISAS (UK), we exer(ise prOf￿1Onal fvdgmenl and maintain
professional scepticism through(iut the audit_ We also=
Idènlfy and assess the risks of material misstatement of the fmn(yal slatements. wh8ther due to
fraud or error, design and perfom audit proc8dures resFK*nsive to those risks. and obtsin audit
evidence thal is suffieienl and appropriate to provmle a basis forcwopinion. The risk of not delecting
a material rni55tstemenl r8$ulling from fraud is hvJher than for one re5ultirg from errN, 8$ fraud
may invofve cc41usion, forgery. Intentti￿al omissK)ns. misrewesentations. orlhe override of Intemal
contrd.
Obtain an und8rstsnding of intemal control relevant to the 8udil u) order lo design aLtrJit pr￿e￿￿￿$
that ar8 appropriate in the circumstances. but not for the purpose of ewe55ing an opinion on th8
effectiven85s ofthe charitable company'5 intemal conlrd.
Evaluate the appropriateness of accounting pol￿185 used arKI tha reasonablwss of accounting
èstimates and related disdosures made by the twstees.
Conclude on the appropriateness oftho trustees. use of thg going basis of act¢Junting and,
based on th8 8udit evidence oblained, whether a mat811￿ Un￿rtaInty exists related to ev?nts or
conditions that may castsignificantd￿bl on the charilable compan￿$ abilityto continu8 as a ￿Ing
concern. If we condude that a material uncertainty 8xisls, we are required lo draw attentlon in our
audilorfs report io the related disclosures in the financlal Stat￿￿ents or. rf such disdosures arè
inadequate. ID modify ouropinion. Our ￿ndUs1￿5 are based on the audit ewdence obtained up lo
the dale of our auditcrfs repcyt. However, future èvents or coThJitMs may cause the charitable
company to C88se to continue as a going concem.
Evaluate the overall presentalion, slructure and cont&nt of the ffinancial statements. induding the
disclosures. and whelh8r Ihg finanoal stalements rewesent the underfyiThJ transactions and events
in a man￿r that achieves fair presentation li.8.. gives a true and fairview).
We crffimunic8te with those eharged governance regardiThJ. amotvJ other matters. the planned
scope and timing of the audit siynifunl audit finrfings. inclurfing any Signif￿nI dori￿ncle5 in
internal control that we identify during our audit.
Us• of our report
This r8POrt is m8de solely lo the charitaNe company's tnjstees. as a k)dy, in accordance with Part 4 of
the Charities IAccounls ané Reports) Regulations 2008. Our audit work has been undèrtaken so that
we rnight state lo the charitsblg company's members Ihose matters we are required lo state lo them in
an auditorfs report and for no other purpose. To th8 fullest extent peJmitted by law, we do not accept or
assume responsibility to 8nyone other than the Charitab￿ company and th8 charitable company's
trustees as a bo(1
our audit
r thK8 rgtth, orfor ihe opin￿$ we have fomied.
Andrew Pounlney (Senior Statu
For and on behalf of
Dean Statham
Chartèred Ac¢o¥Jntanls & Slatut¢yy Audito
29 King Street
Newcas￿e-Under-Lyme
Staffordshire
ST5 1ER
Dale%( 20¥-
Page11

THE HUBB FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2023
Note R￿lI￿rf Unvestrlet•d
funds
lunds
2023
2023
Restiicte(S Unrestricted
fund5
lunds
2022
2022
Total
2023
Tolal
2022
INCOMING RES¢XIRCES
Charitab18 actlvities
Donations
Donal*l seMc8s
1.621.576
1.621.576 1.358.177
14906
7.ofKI
25WQ
24,51)J
1,358,177
127.193
24,5
14.906
120,193
TOTAL INCOMING
RESOURCES
1.647.076
14906 1.661.982 1.389.677
120.193 1,509.870
RESOURCES EXPENDED
CJwlatAe aclwtiès
1.761,186
17.572 1.778,756 1532XJ7
46.398 1.578,9QS
TOTAL RESOURCES
EXPENDED
1.761.186
17.S72 1.n8.758 1.532.507
46.398 1,578,905
NET IEXPENDrruRE) I
INCOME FOR THE YEAR
1114,1101
12.6661 1116.7761 1142.8301
73.795
169.0351
TRANSFERS BETWEEN
FUNDS
11000
(1llJOO}
NET MOVEMENT IN
FUNDS
1101110}
114,6661 1116.7761 I142￿30)
73.795
169.0351
TOTAL FUNDS BROUGHT
FORWARD
10
172258
138.807
311,065
315.088
65.012
380,100
TOTAL FUNDS CARRIED
FORWARD
10
70.148
124.141
194.289
172,258
138.807
311.065
All income and expenditure deriv8 from conts'nuing actiwties.
The slalemenl of financial adivili6s indudes all gains and Ios58s rec￿J￿￿d during the year.
Page 12

THE HUBB FOUNDATION
BALANCE SHEET
As at 31 December 2023
Not8
2023
2022
CURRENT ASSETS
Debtors
Cash al bank and In hand
51.017
496.372
156.818
436.974
CURRENT LIABILITIES
Creditors: Amounts falling due knthin one year
547,389
593.792
1353.100}
1282.7271
NET CURRENT ASSETS
194,289
311,065
NET ASSETS
194.289
311.065
FUNDS
Unrostricled fijnds
Restricted funds
10
124,141
70,148
138,807
172,258
194.289
311.065
These financial slalements were approved by the tnjslees aTrJ authorised for issue on
20 4*nd are signed on its behalf by:
Jane
20, 2024 18..10 GMT+ll
Mrs H J Sawyers
Dirtrclor and Trustee
The notes on pages 14-21 form part of finanfxal stalements.
Company R6gislralion Number.. 11707416
Registered Charity Number.. 1186026
Page13

THE HUBB FOUNDATION
STATEMENT OF CASH FLOWS
For the year ended 31 December 2023
2023
2022
CASH FLOWS FROM OPERAMNG
ACTIVITIES
Net cash lexp8nditixeyirwm8
1116.776)
{69.035)
WORKING CAPITAL ADJUSTMEKrs
Oecr88sel{increasel in deLrtors
Increaselldfjixeasel in creditors
105.801
70,373
{146,819}
122.3851
Net cash fflows from opernting aclTrMt*s
13
S9J98
(238,239)
Cash and cash 8quivalents al 1 Jarnary
436,974
675.213
Cash and cash equivalents at 31 December
496,3n
436.974
Page 14

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For th8 year ended 31 December 2023
1. ACCOUNTING POLICIES
GENERAL INFORMATION
The Hubb Foundation is a charitable company ￿rnIted by guarantee and is registered and incorporated
in England and Wales. The r8gislered is CIO Syneclics Solutions Limited. Hamil Road, Burslgrn,
Stsffordshire. ST6 1￿1. The registered company number is 11707416. The registered charity number
is 1186026.
In the event of the tharty being wound up. the liabilrty in respecl of the guarantee is limtted to £1 per
member of ihe charity.
The nature of the Charty's cperatN)ns and prin&pal aclivibes are relief of yourKJ people and their
families in need bècause of youth. finanoal hardship or other diSadVants￿ specifically bul not
exclusive￿ through their leisur8 time acl1vil￿$ and d8v8lopSng their physical. mentsl and spirllual
capabilities so that they may grow lo fvlty maturity as indtviduals and fully contritr￿tin9 n￿MberS of
society.
BASIS OF PREPARATION
The charity <x)nstilutes a publ￿ beneffit onltty as defined by FRS 102. The financi￿ stalements havo
been prepared in accordance with A¢cwnling and ReportiThJ by Ch8rities'. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance wlh the Financial Rep￿tIllg
Standard applicable in the UK and Republic of Ireland issueil in October 2019, the Financial Reporting
Standard applicable in th8 United Kingdom and Republ￿ of IrdaThJ IFRS 102). th8 Chwlties Act 2011
aThJ UK Generally Accetrted Accounting Pradrce.
The financial statements are prepared on a going concem basis uThler the historical ￿5t conv8ntion.
The financi81 stslemenls are preparèd in slerling. which is the functional currèncy of the Charity.
Monetary amounts in th8se finanual statements are rounded to the nea￿$1 £.
significant accounling poliaes applied in the preparation of thesg financial slal8ments are s81 out
below. These policies have been consi%lenty applied to all years presented unless othe￿ise staled.
GOING CONCERN
The financi￿ statements have been prepar&J on a g)iThJ ￿ncern basis. The Trustees assèss whether
th8 use of going ¢on¢em is appropriate and whether th8re we any material uncertainties related to
events or conditions that may cast signTfKant doubt on the ability ofthe Charity lo (￿ntInue as a going
cr￿CeM. The Trustees believe there are adequale ￿$¢XIrces whth will enable Ihg charity to meet its
liabilities and continue in opera￿.0￿31 existence for Ihe foreseeable future. Th8refore. the Trustees h8ve
athpled th& going concern basis in preparing Ihe financial stat8ments.
DONATED FACILITIES
Donated facilities and donated professional Servi￿ are recogntsed in income al their fair value when
Iheir eCon￿1C benefit is probable. il can be ￿Easured reliablyand the charity has control overthe ilem.
F8irvalue is deteimined on the basis ofthe value of th8 gift to the charity. For 8Xam￿e. the amounl the
Charity WDuld be willing to pay in the op8n market for such foolrtw aThJ s&rvices. A corrésponding
amount is recognised in 8xpandituie.
INCOME
All incDffle is recognised once the charity has entiuement to the income, there is sufficient certainty of
r8ceipl and so it is probable that the income will be receivwj. 8nd the amount of income receivable can
bo measurèd reliably.
For donations lo be re¢(￿nised Ihe charlty will have been nolrftd ol the amunts and the settlement
date in writing. If there are conditions attached to the donat￿ an(1 thK8 requires a18vel of performanc8
before enlillem8nt can be obtained thgn In￿ne is deferred until ttrK>Sè ¢on(fiiions are fully met or Ihe
fu￿lIMent of those conditions is within the control of the tharity and it i8 proba￿0 that they will be fulfillwj.
Pag&15

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
1. ACCOUNTING POLICIES CONTINUED
INCOME
No amount is i￿luded in th8 finanaal statèments forvc4untser time in line wrf(h tha SORP.
For legacies, entitlement is the earfier of the charity belng notified of an irryeThJing dlstribulion or tho
legacy being r8ceived. Al this point income is recognised. On occasion18gac￿s will be notified lo Ihe
charity however il is not possible to measure th& amtyjnl expected to be dislribul8d. On theso
o¢¢astons, the legacy is trealwj as a Contwt asset arKI disck)sed.
In￿me from govemmenl and other grants ar8 recogntsed at ts]rval￿ when the charity has enlillemenl
8ft8r any pertomiance conditions have been met. il 15 probable that the income will be rgcewed and lh9
amount can be ￿aSured reliabty. If ontidement is not mel then these amounts are d8fwred.
EXPENDITURE
All expenditure Trs accounted for on an accwa15 basis and has been dassified under headings Ihal
aggregate all costs r8lated to the category. Exp8ndiiure is re￿nised where there is a legal or
cor151ructive obligation lo make payments lo third parties. it is probatye that ihe settlomenl will be
required and the amount of the obligation can be measured reliabty.
Irrecoverable VAT is charged as an expense against the athvity forwhich expenditure 8rose.
SUPPORT COSTS
Support costs are those that assist the WLvk of tho charity Lxrt do not drecty represenl the charitab18
actsvilies and include office costs and governar￿ costs. They are incurred directly in support of
expenditure on thè obieds olthe charity and indude woiect management carried oul at Headquartars.
Where support costs cannot be directly attritArted to parb'cular headings, they have been allorated lo
expenditure on charIta￿e actiwities on a basis consistent wth use of resour￿. An analysis of these
costs is included in notg 3.
TAXATION
The company is exempl from income tsx under sèction Part 11 of the CO￿0[ation Taxes Ad 2010. No
tax charges have arisen in the charity.
FUNDS
Unrestricted funds are available for use 81 the discretion of the trustges rn furtherance of Ihe general
obJ'ectiV8s of the charity and which have not been designated for purposes.
R8slricted ftjnds are funds which are lo b8 used in accordanco with sp8cific reSt[￿l￿)nS imposed by
donors or which have ￿en raised by the chartty for particular purp05es. The eosl of raisiThJ and
administering such funds are charg8d 3g8instthe specafic lund. The 2im use of eaGh restricted 14And
is sel out in the notes lo the financial statemewjts.
FINANCIAL INSTRUMENTS
The charity only has financial assets and liabilitios of a kind that qualrfy as basic financial instruménts.
Basic financial instruments are inilially recognised at transactiDn value and sub58qL￿uY measured al
amortised cost using the effective Int￿¢st mothod.
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the charity's a¢LxWJntw￿ poliues. the trustees are required lo make judgements,
estimates and a55umptions about the cartyng amount of assels and Ik4bililigs that are not ieadily
apparent frorn other sources. The estimales and as5waled assumptions are based on historical
experience and other f8Ctors that are ￿nsIdered lo be relevant. Adual results may drfter Irom these
èslimales.
Pag& 16

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
1. ACCOUNTING POLICIES CONTINUED
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
The eslimales and underlying assumptions are revièwed on an on4JNng basis. Revisions to accounting
eslimales a￿ recognised in the period in whth the eslKnatg is revised where the revisron affects only
that period. or in th8 period of the revi%￿n and fulure wK)ds whwe the revision affects both current
and future perirmls.
No critical accounting eslimales and J￿￿Thnts have been rnade in prepar￿￿ these financi81
stalements.
2. EMPLOYEES
The average mOn￿Y n￿nberOfpe(sCKts ￿￿￿￿￿j1ng d1red(Ks)emplo￿ bylhe chty during thè yearwas
nll12022'. nil).
Duriw this year and the wior year. donated setvices were received a related paty in respect of five
employees. Nc+nè of empbyees eame(l ovw £60.CQO duiiThJ the year.
3. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTivmES
Actlvltles
undertakèn
2023
Support
ost5
21123
AL*viti8S
Total undertaken
2023
2022
Support
costs
2022
Totsl
2022
Holiday Activit￿$
Hubb Pots Project
1,419.716
76,254
255.504 1.675.220 1.253.474
27,284
103.538
107,8SS
205.010 1,458,484
12.566
120.421
1,495.970
281788 1.TT8.758
1.361.329
217,576 1.578,905
P&ge 17

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
4. ALLOCATION OF SUPPORT COSTS
Support Costs 2023
Hollday Hubb Pots
Activities
Projecl
Total
2023
Bas1$ of
Allocatlon
Gtsveman
Finance support
Legal. HR and IT SUEP￿t
Office premises
Wages arKI salari8s
Prirrting. poslage orn1 ststionery
Promotion, publicity and desigft
Memberships and subscriptKJns
Ir￿urance
Mileag8 and travel expenses
Meeting expenses
Training
B￿k charges
General exp8nses
Use of resources
Us8 of resources
Use of res￿rceS
Use of resources
Use of resour
Use of reSoUr￿S
Use of resourc8S
Use of reswrce5
Use of ￿sourceS
Use of resources
Use of resources
Use of resour
Use of resources
Use of resources
9.639
11.250
4,500
1.071
1.250
500
800
13,299
28
8.177
191
125
467
28
85
27
1.236
10.710
12,500
s.000
8.000
132,988
283
33.600
39,368
1.251
7,699
285
18.476
265
12.363
119.689
255
26,923
39.171
1.126
7.232
257
16.891
238
11,127
255.504 27.284
282.T88
Support costs 2022
Hollday Hubb Pots
Actlvlliès
Prolèct
Total
2022
Basis of
All¢)cation
Gov8mance
Finance support
Legal, HR and IT support
Office premises
Wages and $￿a￿e5
Printing. postage and ststionery
Promlion, publicity atKI design
Memberships and subscriptK)ns
Insurancè
Mileage and travel expenses
Meeting expens8S
Training
Bank charges
General expenses
Use of resources
Use of resources
Use of resources
Use of resources
Use (rf Tesources
Us8 of resources
Use of r&$wr￿S
Use of resources
Use of ￿SOurceS
Use of resourL*s
Use of resources
Usè of resources
Usè of reswrces
Use of resources
10.726
11.400
4,750
7.125
161.874
184
1.597
1.220
1.217
1.614
148
2.195
132
828
565
600
250
375
8.520
10
1.946
11.291
12,000
5,000
7,500
170.394
194
3,543
1.284
1,281
1.614
156
2,311
139
116
41
205.010
12.566
217,576
Pag8 18

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
GOVERNANCE COSTS
2023
2022
Auditor's renNJneralion
Accountancy lees
T.600
3.110
7.416
3,875
10.710
11.291
6. AUDITOR'S REMUNERATION
2023
2022
Fees payable to the charity's audttry for lh8 audit of Ihg cknan￿5
fin8nual statements
7.600
7,416
Fees payable tr) ￿ charivs aV￿ltr￿ forother $￿e$.
Accountsncy fees
3,110
3.875
10.710
11.291
7. TRUSTEES REMUNERATION AND EXPENSES
No twstees receNed ramUnerat￿n. expenses or penS￿n benefits ￿ eithèr year.
8. DEBTORS
2023
2022
Trade debiors
Other debtors
Accrued income
Prepayments
5,576
13,860
142,420
538
44,122
659
51.017
156.818
Page 19

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
9. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR
2023
2022
Tr￿e creditors
Accruals
Olher creditors
22.238
283.908
46,954
37,873
206.769
38.085
353.10Q
282,727
10. FUNDS RECONCIUATION
Balance
al start of
InciJniThJ Resources
year re50uros expended
Transfers
Balanc•
b@￿en at ènd of
funds
y•ar
Year ended 31 December 2023
Unrestricted funds
Restricted fvnds
138.807
14.906
(17,5721
172.258 1.647,076 (1.761.186)
112.000)
12,1￿)
124.141
70.148
311,065 1,661.982 (1.778.758)
194,289
Year ended 31 December 2022
Unreslrided funds
Restricted
65,012
120,193
(46.398}
315.088 1,389.677 {1.532.5071
138,807
172,258
380.1W 1.509.870 {1.578.9051
311,065
Unrestricted tunds
Unrestricted lunds are available for use at the drs¢retion of the trustees in furtherance of tho gen8ral
objectives of th& charity and which have Th)1 been desiqnated for other PLwposes.
R•$trlcted funds
Restricted funds are furKls whth ar8 to be used in a¢cordan¢e wilh specifjc restridions imposed by
donors or which have been raised by the charity for partwlar wtFwes. The cost of raisin9 and
administering such funds are charged against the specthc fund.
Page 20

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL sTATEME￿rs
For the year ended 31 December 2023
11. RESTRICTED FUNDS
Balance
Transfers
at start of
Incoming Reswrces t￿lw@•n
year resources exFended
funds
Balanc
at end of
year
Yaar ended 31 December 2023
Dcfflaled seTh
HAF Contrad
Hubb Pols Project
Communty Foundation
Openirg Schools Facli ilies
Community Foundation Know
Your Neighbour
Cty of Stoke on Trent Capital
Fund
National Lottery Awards For PJI
Bauer Radio Cash F¢y lfjds
North Staffs Food Nefv￿rk
Middleport Malters
EdLJcalion E￿I0￿rnent Fund
Other Community Donalions
and Granls
Be Valiant Communty Project
Tesco Bags Life
25.5
{25.500)
1.404.200 {1.441.6601
78.750
191.856)
49.716
145.2161
37.833
{37,8331
25.000
{19,817)
37.460
68.880
55,774
4,500
5.183
10.000
11,632
{21.632)
4.950
13.199)
4.5c￿}
12,5951
12,000}
(53,9781
17.500)
1,751
2.595
2.400
400
2,540
44.518
7.500
12.IXIO
{1.IXKII
{2,9001
2.SYIO
172,258
1,647.076 11,761,186)
12,000
TO.148
BaL4nce
at stsrt ol
year
Transfers
Incoming Resources betsveerb
r&sources
expeNJed
funds
Balan
at and of
yèar
Year e￿Ie￿ 31 December 2022
Donated Services
HAF Contract
Hubb Pots Proiect
Ed￿atIOn Endowment Fund
Opportunity A￿a Grants
City of Stoke on Trent Capit
Fund
Be Val*nt Community Prq'ed
T&sco Bags for Life
other Community Donations
and Grants
24.500
(24.5001
1.296.677 11.259,2171
50.000
{118.3731
(76,120)
(49,69n
137.253
120.638
49,697
37A60
68,880
44.518
10,000
10,000
14.1001
15001
2,900
1,000
7,500
1.500
7.500
315.088 1.389.677 {1.532.5071
172.258
Pag6 21

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unr•strfct•d Restrlcted
Funds
Funds
Total
2023
Debtors
C8sh and bank and in hand
Creditors.. amounts falling due within one year
659
50.358
51.017
139,527
356.845
496,372
I16,￿) (337.055) (353.1001
124.141
70.148
194.289
Unrestrktod Reslrlcted
Funds
Funds
Total
2022
Debtors
Cash and bank and in h¥
Cffjditors.. an￿￿TrtS fallir#J du8 wthin one year
98,521
58,297
156,818
46,726
390.248
436,974
{6.4401 1276.287) {282.7271
138.807
172.258
311,065
12. ANALYSIS OF CHANGES IN NET FUNDS
1 J*uary
2023 Cash flows
1 December
2023
Cash at bank and in harHI
436,974
59,398
496.372
P89e 22

THE HUBB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
13. RELATED PARTh TRANSACTIONS
Al the Year￿nd £nil 12Q22.' £nil) was du8 to SynectFCS Solutions Limitod, a rJ)mpany wfth common
directors. During the year Synectics Solultons Limited irurred costs totslllng £180,513 12022:
£248,132) on behalf of the tharity. Repayments were made to Syn8CtiC5 Solution5 Limited during the
yèar tolalling £180.513 12022.. £518.719). Synectics Solutions Lirrwied itsetf made donatiorts to the
charity tolalling £50012022= £nil). Synec1￿ Solubons Limited also donated services lotalling £25,500
{2022: £24,500) during the year.
At the year•end £nil 12022.. £2,050) w8s due tr) Port Vale Foundalh)n Trust. a charity wlh e£Jmmon
directors. During the year Port Vale Foundati￿ Trusl invoiced Ihe tharity £36.57912022: £33.3381 for
the supply of services. Repayments were made to Port Vale Foundalion Trust during the year totalling
£38,62912022: £31.922}. Port Vale FouThJation Trust itself made d(wtK)ns lo tha charity totallirKJ £600
12022.. £nil).
At the year*nd tnil12022: £nil) was due to Port Vale Football Club Lirniled. a company with common
directors. During the year Port Vale Football Club Limtied invo￿ed the chanty £479 I2022= £7.3091 for
the supply of sgThices. Repayments were made to Port Vale Football Club Limited during the year
lotalling £479 12022.. £16,313)- Port V81e FoottKII Club knmited itself mad& donations to the charity
lotslling £nil12022= £1.0491.
Al the year-end £nil12022: £nill was due lo Bes￿ra ￿mIled. a companywith common directors. During
the year Bescura Llmited invoiced thè tharity £nil12022: £2.79)) forihe supply OfServ￿e$. Repayments
were rnad8 to Bescura Limited duHng the year lolalliThJ £nil {2022.. £2.7901.
Pag8 23