##
|Trustees||Ms L M Hilder
Ms T LCooper||(Appointed|18October|
|---|---|---|---|---|---|
|||||2022)||
|||Ms LAdamson||(Appointed|13February|
|||||2023)||
|Charity number||1195511||||
|Company|number|05699019||||
|Registered|office|185Preston Road||||
|||Hull||||
|||East Yorkshire||||
|||England||||
|||HU9 5UY||||
|Auditor||Fawley Judge|& Easton|||
|||Chartered
Certified Accountants||||
|||1 Parliament|Street|||
|||Hull||||
|||East Yorkshire||||
|||HU12AS||||
##
|||Page|
|---|---|---|
|Trustees'
report||1-3|
|Statement
of trustees'|responsibilities||
|independent
auditor's|report|5-6|
|Statement
offinancial|activities||
|Balance sheet|||
|Statement
ofcash flows|||
|Notes to the financial|statements|10-18|
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|||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||Notes|6||
|income and endowments||from:||||
|Donations
and legacies
Charitable
activities|||3
4|24,181
2,201,004|164,368
1,804,793|
|Other trading
activities
Other income|||5
6|17,323
26,150|23,730
9,975|
|Total income||||2,268,658|2,002,866|
|~E*
Cht
Raising funds|||7|17,248|17,475|
|Charitable
activities|||8|1,898,540|1,817,684|
|Total expenditure||||1,915,788|1,835,159|
|Net gains/(losses)|on investments||12|434,463|232,100|
|Net income for the year/
Net movement
in funds||||787,333|399,807|
|Fund balances at 1 April||2022||1,662,939|935,380|
|Fund balances at|31 March 2023|||2,198,037|1,335,187|
##
##
||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|||6||
|Fixed assets
Investment
property||14||4,638,470||3,799,573|
|Current assets
Debtors
Cash at bank and in hand||15|599,435
24,571||403,640
26,478||
||||624,006||430,118||
|Creditors: amounts
one year|falling due within|17|(1,408,029)||(1,176,386)||
|Net current
liabilities||||(784,023)||(746,268)|
|Total assets less current liabilities||||3,854,447||3,053,305|
|Creditors: amounts
more than one year|falling due after|18||(1,656,410)||(1,718,118)|
|Net assets||||2,198,037||1,335,187|
|Income funds
Unrestricted
funds||||2,198,037||1,335,187|
|||||2 198037||1,335,187|
##
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##
||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|||8||
|Cash flows from operating
activities
Cash generated
from operations||21||440,054||563,786|
|Investing
activities
Purchase
of investment
property|||(404,434)||(743,578)||
|Net cash used
in investing|activities|||(404,434)||(743,578)|
|Financing
activities
Repayment
of bank loans|||(37,527)||(46,033)||
|Net cash used in financing|activities|||(37,527)||(46,033)|
|Net decrease in cash and|cash equivalents|||(1,907)||(225,825)|
|Cash and cash equivalents|at beginning|ofyear||26,478||252,301|
|Cash and cash equivalents|at end of|year||24,571||26,478|
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|Donations|and legacies|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022|
|||E|8|
|Donations
and gifts
Grant released||24,181|20,187
144,181|
|||24,181|164,368|
##
##
##
||Charitable
acti|vities||||
|---|---|---|---|---|---|
||||Provision of|Provision of||
||||accommoda|accommoda||
||||tion||tion|
||||2023||2022|
||Rents receivable||2,201,004||1,804,793|
||Other trading|activities||||
||||Unrestricted|Unrestricted||
||||funds||funds|
||||2023f||2022f|
||Shop income||17,323||23,730|
|6|Other income|||||
||||Unrestricted||Unrestricted|
||||funds||funds|
||||2023||2022|
|||||5|5|
||Other income||28,150||9,975|
|7|Raising funds|||||
||Rents|receivable|
|---|---|---|
|5|Other|trading
activities|
|Raising f|unds||||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
||||5||
|T~di
Operating|charity|shops|17,248|17,475|
||||17,248|17,475|
##
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##
|Charitable
activities||||
|---|---|---|---|
|||Provision of Provision of||
|||accommoda accommoda||
|||tion|tion|
|||2023|2022|
|||E|F|
|Staff costs
Property
repairs and renewals
Lease costs
Housing
proactive
Rates
Bank interest on loans
Bad Debt
Management
charge||313,083
454,990
830,172
75,681
3,955
30,560
13,363
75,000|243,415
475,581
947,913
66,617
7,629
31,379|
|||1,796,804|1,772,534|
|Share ofsupport costs (see note 9)
Share ofgovernance
costs (see note 9)||30,631
71,105|23,693
21,457|
|||1,898,540|1,817,684|
##
|Support costs|Support
costs|Governance
costs|2023|Support
Governance
costs
costs|Support
Governance
costs
costs|2022|
|---|---|---|---|---|---|---|
|||E|E|E|E|E|
|Printing,
postage and
stationery
Bank charges
Sundry costs
Insurance|5
4,323
267
24,301||5
4,323
267
24,301|8
4,248
532
18,905||8
4,248
532
18,905|
|Computer
&software
costs|1,735||1,735||||
|Audit fees
Legal and professional||2,700
68,405|2,700
68,405||3,060
18,397|3,060
18,397|
||30,631|71,105|101,736|23,693|21,457|45,150|
|Analysed
between
Charitable
activities|30,631|71,105|101,736|23,693|21,457|45,150|
##
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##
||hl|number|ofemployees|during the year was:|||
|---|---|---|---|---|---|---|
|he average|monty||||2023|2022|
||||||Number|Number|
||||||14|10|
|Employment|costs||||2023|2022
E|
|Wages and|salaries||||313,083|243,415|
##
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
||8|
|434,463|232,100|
##
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##
|investment
property|||
|---|---|---|
|||2023|
|||F|
|Fair value
At 1 April 2022
Additions
through
external
Net gains or losses through|acquisition
fair value adjustments|3,799,573
404,434
434,463|
|2023||4,638,470|
##
##
|15|Debtors|2023|2022|
|---|---|---|---|
||Amounts
falling due within one year:|6|6|
||Trade debtors
Other debtors
Prepayments
and accrued income|546,746
11,944
40,745|341,118
32,131
30,391|
|||599,435|403,640|
|16|Loans and overdrafts|2023|2022|
||||6|
||Bank loans|653,610|691,137|
||Payable
within one year
Payable after one year|33,250
620,360|33,250
657,887|
##
|Creditors:amounts|fallingdue within one year||||
|---|---|---|---|---|
|||Notes|2023f|2022
6|
|Bank loans
Trade creditors
Other creditors
Accruals and deferred|income|16|33,250
150,616
1,221,523
2,640|33,250
136,951
1,003,545
2,640|
||||1,408,029|1,176,386|
##
|Creditors:|amounts|falling due after more than one year||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes|||
|Bank loans
Government|grants||16
19|620,360
1,036,050|657,887
1,060,231|
|||||1,656,410|1,718,118|
##
##
##
##
|Government
grants|(|Continued)|
|---|---|---|
||2023
6|2022f|
|Deferred income is included
within:
Non-current
liabilities|1,036,050|1,060,231|
|Movements
in the year:
Deferred income at 1 April 2022
Released from previous
periods|1,060,231
(24,181)|1,084,412
(24,181)|
|Deferred income at 31 March 2023|1,036,050|1,060,231|
##
|The following
amounts
|were outstanding
at|the reporting
end date:|||
|---|---|---|---|---|
||||Amounts
owed to related||
||||parties||
||||2023|2022|
|||||6|
|Other related parties|||992,864|1,002,876|
|Cash generated
from|operations||2023f|2022
6|
|Surplus
for the year|||787,333|399,807|
|Adjustments
for:
Fair value gains and losses on investment||properties|(434,463)|(232,100)|
|Movements
in working
(Increase)
in debtors
Increase
in creditors
(Decrease)
in deferred|capital:
income||(195,795)
307,160
(24,181)|(97,496)
517,756
(24,181)|
|Cash generated
from|operations||440,054|563,786|
##
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##
##
|22|Analysis of changes
in net (debt)/funds|At 1 April 2022f|Cash 1lowsAt 31 March 2023
f|Cash 1lowsAt 31 March 2023
f|
|---|---|---|---|---|
||Cash at bank and in hand|26,478|(1,907)|24,571|
||Loans falling due within one year
Loans falling due after more than one year|(33,250)
(657,887)|37,527|(33,250)
(620,360)|
|||(664,659)|35,620|(629,039)|