## **HU4 Community Trust**
**Charity No. 1203139**
**Trustees' Report and Unaudited Accounts**
**31 May 2024**
**HU4 Community Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|8|
|Notes to the Accounts|9 to 16|
|Detailed Statement of Financial Activities|17 to 18|
Page 1
**HU4 Community Trust Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the period ended 31 May 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1203139**
## **Trustees**
The following trustees served during the year:
A. Bowmaster
D. Hale D.J. Haley G. Hughes C. Isgate A. Pea T. Sullivan
## **Key Management Personnel**
Chair Terry Sullivan
## **Accountants**
MPH Accountancy 1st Floor Manor House Main Road Ryehill East Yorkshire HU12 9NH
## **Bankers**
Lloyds Bank plc
## **OBJECTIVES AND ACTIVITIES**
For the public benefit of the inhabitants of the city of Kingston upon Hull, in particular but not exclusively the inhabitants of Boothferry Estate and surrounding communities the following charitable purposes: The relief of poverty by providing a community kitchen, food bank and a job club to assist those in need to find employment and in such other ways as the trustees see fit; and
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
Key Objectives:
Alleviate Poverty: Through a community kitchen, food support services, and providing a warm space during winter.
Emotional and Practical Support: Offering support services that address mental health, social isolation, and other practical needs.
Community Engagement: Creating opportunities for social interaction and community cohesion through events and activities.
Page 2
**HU4 Community Trust Trustees Annual Report**
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit. We have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
## **ACHIEVEMENTS AND PERFORMANCE**
The HU4 Community Trust has made significant strides in its mission to support the residents of Boothferry Estate:
Food Support: Distributed 1,389 food parcels over the past 6 months, averaging 231 parcels per month. Warm Space Initiative: Provided a safe and warm environment during winter for vulnerable residents. Volunteer Engagement: Trained volunteers in Food and Hygiene, boosting their confidence and employability.
Community Events: Successfully organised events like the Easter Bunny at Dragons Park and the King’s Coronation at the HUB, engaging a wide range of community members.
## **FINANCIAL REVIEW**
The charity has operated under a rent-free arrangement for the past two years, covering only utility expenses. This arrangement has been vital for the HUB's growth and community integration. The Trust is actively seeking additional funding to support staff employment, extend operating hours, and potentially expand the HUB's facilities. At year end the charity had sufficient funding within it's reserves to continue to meet it's objectives in the short term in the following year.
## **PLANS FOR FUTURE PERIODS**
Looking ahead, HU4 Community Trust is focused on:
Extending the Lease: Securing an affordable, long-term lease for the Sibelius Road HUB to ensure stability and continued service to the community or acquiring a new siteExpanding Services: Applying for additional funding to employ staff, extend HUB operating hours, and offer the space for external events and workshops. Facility Improvements: Working with the Council to modify the HUB's layout, refurbish the kitchen and toilets, and create quiet spaces for individual support during crises.
Youth Engagement: Securing funding to employ a youth worker to enhance engagement with young people across the Boothferry Estate.
.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Trustees are recruited based on their skills, experience, and commitment to the charity's mission. The appointment process includes an evaluation of each candidate's ability to contribute to the strategic oversight and governance of the organisation. New Trustees are inducted into their roles through a comprehensive orientation process, which includes familiarisation with the charity's operations and governance framework.
The operational structure of HU4 Community Trust comprises a collaborative team of Trustees, staff, and volunteers. The Trustees set the strategic direction, while the staff and volunteers implement the charity's day-to-day activities. The HUB serves as the central point of operation, where most of the Trust's services and activities are delivered.
## **Statement of trustees' responsibilities in relation to the financial statements**
Page 3
**HU4 Community Trust Trustees Annual Report**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
T. Sullivan Trustee 19 February 2025
Page 4
**HU4 Community Trust Independent Examiners Report**
## **Independent Examiner's Report to the trustees of HU4 Community Trust**
I report to the trustees on my examination of the financial statements of HU4 Community Trust for the period ended 31 May 2024.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Shannon Smith MAAT FCCA MPH Accountancy 1st Floor Manor House
Main Road Ryehill East Yorkshire HU12 9NH 19 February 2025
Page 5
**HU4 Community Trust Statement of Financial Activities**
## **for the period ended 31 May 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Other trading activities
3
Other
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**
**2024**
**£**
97,927
11,446
768
110,141
7,135
33,660
24,613
65,408
-
44,733
-
44,733
44,733
44,733|
|---|---|---|---|---|
|||**2024**|**2024**||
|||**£**|**£**||
||||||
|||23,501|74,426||
|||11,446|-||
|||768|-||
|||35,715|74,426||
||||||
|||7,135|-||
|||2,076|31,584||
|||7,778|16,835||
|||16,989|48,419||
|||-|-||
|||18,726|26,007||
|||-|-||
|||18,726|26,007||
||||||
|||18,726|26,007||
||||||
|||18,726|26,007||
||||||
||||||
||||||
Page 6
**HU4 Community Trust Balance Sheet at 31 May 2024**
## **Charity No. 1203139**
|**Charity No. 1203139**
**Fixed assets**
Tangible assets
9
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
10
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
11
Restricted income funds
**Unrestricted funds**
11
General funds
**Reserves**
11
**Total funds**|**2024**
**£**
867|
|---|---|
||867
44,787|
||44,787
(921)|
||43,866
44,733|
||44,733|
||44,733|
||26,007|
||26,007
18,726|
||18,726|
||44,733|
Approved by the trustees on 19 February 2025
And signed on their behalf by:
D.J. Haley Trustee 19 February 2025
Page 7
**HU4 Community Trust Notes to the Accounts**
## **for the period ended 31 May 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of income Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services and These are only included in income (with an equivalent amount in expenditure) facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
**HU4 Community Trust Notes to the Accounts**
**Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, fundraising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
**HU4 Community Trust Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
- 2 **Income from donations and legacies**
|General donations
Grants and donations|**Unrestricted**
**£**
11,899
11,602
23,501|**Restricted**
**£**
13,073
61,353
74,426|**Total**
**2024**
**£**
24,972
72,955|
|---|---|---|---|
||||97,927|
Page 10
**HU4 Community Trust Notes to the Accounts**
- 3 **Income from other trading activities**
|Cafe income
4
**Other income**
Other income
5
**Expenditure on raising funds**
_Fundraising trading costs_
Cafe income
Hub utilities and running costs
6
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Community expenditure
Charitable donations
_Governance costs_
7
**Other expenditure**
Marketing costs
Professional and bid writer fees
Employee costs
Motor and travel costs
General administrative costs|**Unrestricted**
**£**
1,983
93
2,076
**Unrestricted**
**£**
-
4,900
266
1,010
1,602
7,778|**Unrestricted**
**£**
11,446
11,446
**Unrestricted**
**£**
768
768|**Total**
**2024**
**£**
11,446
11,446
**Total**
**2024**
**£**
768
768|
|---|---|---|---|
|||||
|||**Unrestricted**
**£**
2,421
4,714
7,135
**Restricted**
**£**
31,191
393
31,584
**Restricted**
**£**
1,066
1,300
12,042
192
2,235
16,835|**Total**
**2024**
**£**
2,421
4,714
7,135
**Total**
**2024**
**£**
33,174
486
33,660
**Total**
**2024**
**£**
1,066
6,200
12,308
1,202
3,837
24,613|
Page 11
**HU4 Community Trust Notes to the Accounts**
## 8 **Staff costs**
|**Staff costs**||
|---|---|
|Salaries and wages
Pension costs|**2024**
10,571
1,571|
||12,142|
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
|General administration
Hub management|**2024**
**Number**
1
1|
|---|---|
||2|
The charity meets it's obligations under the work place pension requirement using the National Employment Savings Trust
## 9 **Tangible fixed assets**
|**Cost or revaluation**
Additions
At 31 May 2024
**Net book values**
At 31 May 2024
10 **Creditors:**
amounts falling due within one year
Other taxes and social security|**2024**
**£**
921
921|**£**
867|
|---|---|---|
|||867|
|||867|
||||
Page 12
**HU4 Community Trust Notes to the Accounts**
## 11 **Movement in funds**
|**Restricted funds:**
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**
12 **Analysis of net assets between funds**
Fixed assets
Net current assets
13 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
74,426
74,426
35,715
110,141
**Unrestricted**
**funds**
**£**
867
18,781
19,648|**Resources**
**expended**
**£**
(48,419)
(48,419)
(16,989)
(65,408)
**Restricted**
**funds**
**£**
-
25,085
25,085
**Cash flows**
**£**|
|---|---|---|
|||44,787|
|||44,787
44,787|
||||
Page 13
**HU4 Community Trust Notes to the Accounts**
## 14 **Commitments**
## _**Operating lease commitments**_
Annual commitments under non-cancellable operating leases are as follows:
||**2024**|**2024**|
|---|---|---|
||**Land and**
**buildings**|**Other**|
||**£**|**£**|
|Operating leases with expiry date:|||
|**_Pension commitments_**|||
|||**2024**|
|||**£**|
|The pension cost charge to the charity|||
|amounted to:||1,571|
Page 14
**HU4 Community Trust Detailed Statement of Financial Activities**
## **for the period ended 31 May 2024**
|**Income and endowments from:**
Donations and legacies
General donations
Grants and donations
Other trading activities
Cafe income
Other
Other income
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Cafe income
Hub utilities and running costs
**Total of expenditure on raising funds**
Charitable activities
Community expenditure
Charitable donations
**Total of expenditure on charitable**
**activities**
Other expenditure
Marketing costs
Professional and bid writer fees
Employee costs
Salaries/wages
Pension costs
Staff training
Motor and travel costs
Travel and subsistence|**Unrestricted**
**funds**
**2024**
**£**
11,899
11,602
23,501
11,446
11,446
768
768
35,715
2,421
4,714
7,135
7,135
1,983
93
2,076
2,076
-
4,900
4,900
100
-
166
266
1,010
1,010|**Restricted**
**funds**
**2024**
**£**
13,073
61,353
74,426
-
-
-
-
74,426
-
-
-
-
31,191
393
31,584
31,584
1,066
1,300
2,366
10,471
1,571
-
12,042
192
192|**Total funds**
**2024**
**£**
24,972
72,955|
|---|---|---|---|
||||97,927|
||||11,446|
||||11,446|
||||768|
||||768|
||||110,141
2,421
4,714|
||||7,135|
||||7,135
33,174
486|
||||33,660|
||||33,660
1,066
6,200|
||||7,266|
||||10,571
1,571
166|
||||12,308|
||||1,202|
||||1,202|
**HU4 Community Trust Detailed Statement of Financial Activities**
|General administrative costs, including
depreciation and amortisation
Equipment expensed
Equipment repairs and maintenance
General insurances
Stationery and printing
Subscriptions
Telephone, fax and broadband
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|23
1,026
-
10
159
384
1,602
7,778
16,989
-
18,726
18,726
-
18,726
-
18,726|714
850
565
106
-
-
2,235
16,835
48,419
-
26,007
26,007
-
26,007
-
26,007|737
1,876
565
116
159
384|
|---|---|---|---|
||||3,837|
||||24,613|
||||65,408
-|
||||44,733|
||||44,733
-|
||||44,733|
||||-|
||||44,733|
Page 18