2024-05-31-accounts - Hull Red CIO

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Hull Red CIO

Registered Charity No. 1204452

Annual Report and Financial Statements

for the period 1 June 2023 to 31 May 2024

The trustees present their annual report and financial statements for the year ended 31[st] May 2024 and confirm they comply with the Charities Act 1993, as amended by the Charities Act 2006, the charity’s constitution, and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2005).

Reference and Administrative Information

Charity name: Hull Red CIO Charity registration number: 1204452 Registered Office: 24 Oxford Street Bridlington East Yorkshire YO16 4LB

Board of Trustees

Kathryn McBride Susan Ann Elmore Natalie Jane Norton Charlotte Hinsby Karen Helbrow Johanna Billingsley

Chair’s Report

This is the first annual report prepared by Hull Red CIO’s trustees for the charity commission. The organisation was previously governed as a Community Interest Company and converted to a Charitable Incorporated Organisation on the 23 August 2023. As such the period reported on in this report includes a small portion of our accounting year as a CIC and our first nine months as operating as a CIO, and therefore 2023-2024 is Hull Red CIO’s financial conversion year.

This year was a busy year for Hull Red. In preparing for the conversion to CIO the trustees completed a full review of the governance arrangements of the organisation; including revision of the policies, review of insurance arrangements, a review of banking arrangements and finance procedures, review of trustee skill mix, and preparation for the employment of the organisation’s first member of staff.

Hull Red has been proud to continue its long history of providing nightclub events for adults with learning disabilities, with 5 events being hosted in this period. The organisation of the events has been taken over by a group of volunteers, of which most have lived experience of disability. They now lead the planning of the events, and are supported in the delivery of those events by a large group of regular volunteers.

In March 2023 (just before the beginning of this reporting period) Hull Red took on the social franchise for Gig Buddies Hull and East Yorkshire, and welcomed their first part-time member of staff in the role of Gig Buddies Project Lead. Gig Buddies is a befriending scheme that matches people with and without learning disabilities on the basis of shared interest, with the aim of supporting people to be able to get out to gigs of their choosing. Over the course of this reporting period there has been significant focus on fundraising for the project to allow for an increase in staffing so as to be able to reach and support more participants. The project was initially maintained on a very small budget, but good news was received in May 2024 that we had been successful with a bid to the National Lottery’s Reaching Communities grant, which will enable significant growth over the next three years.

Kathryn McBride (Chair of Trustees)

Trustee’s Report

Structure, governance and management

Governing Document

Hull Red is constituted as a Charitable Incorporated Organisation using the Foundation Model Constitution. Its only voting members are its charity trustees. The constitutional governing document was adopted on the 23 August 2023 when the charity was entered onto the Register of Charities, and has not been amended since that date.

Organisational Structure

The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet every other month. They are responsible for overseeing the running of the activities undertaken by the charity, and ensuring that the charity is acting to further the stated charitable objectives, is working within the governing document, and is maintaining good operational and financial governance.

To assist the smooth running of the charity, the trustees have set up a number of subcommittees that help them oversee certain aspects of the charity’s work. Sub-committees are currently set up for finance, volunteering, and fundraising. These sub-committees report back to the full meeting of trustees with their recommendations.

The day-to-day management of the projects undertaken by the charity are delegated to staff and volunteers. An Operational Manager, who offers their time without renumeration, provides support to the staff and volunteers and reports to the board of trustee on a bimonthly basis.

Recruitment and appointment of trustees

The existing trustees are responsible for the recruitment of new trustees. They work to ensure that the board hold the range of experience, knowledge and skills required to effectively administrate the CIO. The charity’s first trustees began their stated terms of appointment on the 23 August 2023 when the charity was incorporated. There have been no new appointments since the charity’s incorporation.

Induction and training of trustees

Prior to the incorporation of the charity, the first trustees were given copies of the governing document, and agreed the policies and procedures to be adopted by the charity.

They completed training from the NVCO on the roles and responsibilities of trustees, and reviewed publications from the Charity Commission, including the guidance on charities and public benefit. This was to ensure that the first trustees were aware of the scope of their responsibilities under the Charity Act.

Risk Management

The trustees have a risk management strategy which comprises:

An annual review of the risks that the charity may face
The establishment of systems and procedures to mitigate those risks
The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

The trustees are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the charity are kept under regular review. Appropriate safeguards are in place for adults at risk supported by the charity, supported by regularly reviewed policies and DBS checks for the necessary roles.

Objectives and activities

Our aims and objectives

The charitable objectives of the CIO are:

‘To promote social inclusion for people with learning disabilities or other disabilities, in Hull, the East Riding of Yorkshire. And elsewhere, for the public benefit; by preventing people with such disabilities from becoming socially excluded, relieving the needs of those people who are socially excluded, and assisting them to integrate into society.’

We describe our mission as:

‘to increase social opportunities for adults with learning disabilities, particularly around music, nightlife and gigs’

Our aim is to support adults with learning disabilities to access the social opportunities of their choosing and in doing so widen their range of social supports, thus reducing loneliness and social isolation.

In shaping our objectives and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on public benefit and fee charging. The charity relies primarily on grants, with fees for the nightclub events

covering a portion of the operating costs. In setting the entrance fees for the nightclub event the trustees give careful consideration to the accessibility for those on low incomes.

Strategies

The strategies employed to achieve the charities aims and objectives are:

Hosting nightclub events aimed specifically at adults with learning disabilities and other disabilities
Providing the Gig Buddies project for Hull and East Riding; supporting the development of friendships between people with and without disabilities to help them get out and enjoy gigs together

Activities and achievements

Hull Red Events

Hull Red nightclub events are organised by the Hull Red Events Organising Committee, comprising of people with lived experience of disability and attendees of the events. The Committee act on a voluntary basis, meeting every other month to plan the events. The events are supported by a wide group of around 60 volunteers, who are themselves supported by one of the trustees.

Hull Red events have hosted 5 nightclub events over the year. Each event has included live music and DJs. The nights typically attract audiences of between 200 and 250 people.

Feedback has been gathered via discussion boards at events and via social media. The nights continue to be responded to positively by attendees and are attended by people from across Hull and East Yorkshire, and others travelling from near York.

 Gig Buddies

Gig Buddies is a befriending project that runs as a social franchise. Hull Red hold the franchise for Hull and East Yorkshire. The project matches people with and without learning disabilities who enjoy the same kind of gigs, and supports them to attend gigs together. It involves volunteer recruitment and training, participant recruitment, matching, and ongoing support for the matched pairs. The project runs a monthly music and social night that acts as the hub of activity and a regular meeting and drop-in space for participants and

volunteers. Smaller groups of participants also meet on a regular basis for ad-hoc social events.

The Gig Buddies Project Lead has been working on a part-time basis throughout 2023 and 2024 to maintain the project’s previous level of activity, whilst we have been seeking funding for the next phase of growth.

At the end of the reporting period the project has 15 signed up participants with learning disabilities and 12 enrolled volunteers, with 8 matched pairs. Each monthly music night attracts around 30 attendees.

In 2024 Gig Buddies started their own band; with regular participants meeting every other month for band practice and the aim of being able to perform at events in the future.

The Gig Buddies Project Lead, along with groups of participants, has undertaken a number of outreach activities to increase awareness of the project, attract new participants, and support with accessibility awareness. For example, running a stall at two of Hull’s community festivals (Freedom Festival and Pride), having a presence at college events, working with Freedom Festival on their accessibility strategy, and working with Hull City Council on their Music Strategy and planning a city-wide music and well-being conference.

A group of Gig Buddies also completed a 6-week consultation and accessibility review for The Warren (a local youth centre) which brought in a small income for Gig Buddies and also helped the Warren to be successful with a significant grant to modernise their building and support their work.

Fundraising

The fundraising sub-group has been active over the last year to submit multiple grant applications. In total 10 grant applications were submitted, for planned activity in 2023/24, 24/25, 25/26, and 26/27. Six applications were successful, two unsuccessful, and two have yet to be considered. A total of £264,114 has been raised in grants to be spent on restricted activities (Hull Red Events and Gig Buddies) over the next three years. This represents a large proportion of the funds required to meet our activity targets.

The largest grant was awarded by the National Lottery Reaching Communities grant, to support the development of Gig Buddies over the next three years, with a particular focus on development in the East Riding.

Financial review

During this financial year Hull Red ceased to be a CIC and instead became a CIO. This means that the year 2023-2024 becomes Hull Red’s conversion financial year. The impact of this on preparing the accounts has been that the prior year’s company accounts have needed restatement as if we were already a charity and the current year’s financial accounts have been prepared on the same basis.

When preparing the first accounts for a CIO these must comply with the Charities SORP as if the entity had always been a charity, including full comparatives, even if the entity was only a charity for part of the current year.

In year, income was been slightly less than expenditure. We have spent £2,891 more than income and end the year with funds carried forward of £39,900. However, this has been incurred in the knowledge that Hull Red had secured substantial grant support to be received over the following three years.

All trustees are aware of their responsibilities around finance, and a review of income and spending is a regular item at each trustee meeting. Our Treasurer is a Fellow of the Chartered Institution of Public Finance Accounting, bringing a significant level of expertise to the trustee group.

Reserves policy

During this year a reserves policy has been developed to reflect the plan to employ more staff to carry out the increased funded activities described above. This is to build in resilience in case of a funding disruption and in the worst-case scenario would allow a managed wind up of the charity.

Plans for 2024/25

Hull Red Events

Over the coming year, Hull Red Events will host a further five nightclub events with bands and themes decided upon by the organising committee.

 Gig Buddies

With the grant awarded by the National Lottery Reaching Communities fund, our plans for the next three years involve growing the Gig Buddies project for Hull (where it has been based to date) and increasingly in the East Riding. Our aim is to employ a full time Coordinator for the project in the autumn of 2024, and for the Gig Buddies Lead to move to full time hours in the summer of 2025. Together they will focus on developing the reach of the project; building new connections, recruiting new volunteers and participants, matching new pairs, and supporting an increased number of people with learning disabilities to access social opportunities of their choosing.

 Nice Twice

Nice Twice is a campaign that was launched in 2023 led by citizens of Hull. The campaign grew from a Mencap funded grass-roots community development project. The Mencap project provided seed funding for communities to develop their own solutions to the barriers they identified. In Hull the issue that the community most wanted to address was venue and arts accessibility; so the project aimed to improve venue accessibility and inclusion by providing bespoke non-judgmental and encouraging support to the arts scene in Hull.

The Nice Twice Club is run by a group of people with different lived experience of disability. Arts venues in Hull can sign up to become part of the ‘Club’, which offers likeminded venues, with shared values, access to inclusion resources, bespoke advice, and support directly from people with lived experience.

In December 2023 the Nice Twice group approached Hull Red to see if Hull Red would be able to host them for the next year, as the time with Mencap was coming to an end. The trustees considered the request and it was agreed that the project, along with its legacy funding will join Hull Red from July 2024. The trustees feel confident that Nice Twice will support the organisation in meeting our charitable objectives.

Statement of Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdon Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in business.

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 that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They 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.

By order of the trustees

Kathyrn McBride

Dated: 4 December 2024

Hull Red CIO				Charity No (if any)	1204452
	Annual accounts for the period
Period start date		6/1/2023	To	Period end date	5/31/2024

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments / Interest S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 4) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense Staffing Costs S10 Other S11 S12 *Total* *Total*	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	1,586	16,639	-	18,225	36,207
	6,322	170	-	6,492	3,477
	-	-	-	-
	398	-		398	123
		-	-	-	-
	-	-	-	-	-
	8,306	16,809	-	25,115	39,807

	1,050	500	-	1,550	3,650
	2,376	13,760	-	16,136	15,871
	-	10,320	-	10,320	7,776
	-	-	-	-	-
	3,426	24,580	-	28,006	27,297

S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 *Net movement in funds* Total funds brought forward *Total funds carried forward* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	4,880	7,771 -	-	2,891 -	12,510
	-	-	-	-	-
	4,880	7,771 -	-	2,891 -	12,510
	-	-	-	-	-
	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	4,880	7,771 -	-	2,891 -	12,510

	4,943	37,848	-	42,791	30,281
	9,823	30,077	-	39,900 42,791

Section B Balance sheet

Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total this year £ F04	Total last year £ F05
-	-	-	-	-
2,051	1,025	-	3,076	4,421
-	-	-	-	-
-	-	-	-	-
2,051	1,025	-	3,076	4,421

300	-	-	300	-
-	-	-	-	1,998
-	-	-	-	-
7,473	43,982	-	51,455	43,515
7,772	43,982	-	51,754	45,513

	14,930	-	14,930	7,143

7,772	29,052	-	36,824	38,370

9,823	30,077	-	39,900	42,791

-		-	-
-	-	-	-	-

9,823	30,077	-	39,900	42,791

-			-	-
	30,077		30,077	42,791
9,823		-	9,823	-
			-
9,823	30,077	-	39,900	42,791

Signed by one or two trustees on behalf of all the trustees	Signature	Print Name	Date of approval dd/mm/yyyy
	#VALUE!	S Elmore

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with ✓ Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

✓

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that Not applicable support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	✓	* -Tick as appropriate
	✓

Please disclose:

*Please disclose:*
*(i) the nature of the change in accounting policy;*	None - although this is the first year as a Charitable CIO rather than a CIC as previously
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information;* *and*	None

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(iii) the amount of the adjustment for each line affected None in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No ✓

Please disclose:

(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ No ✓ *Please disclose:*	✓	* -Tick as appropriate
	✓

*(i) the nature of the prior*		*period error;*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*

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Section C Notes to the accounts (cont)

Note 2 Accounting policies INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓

	Yes No N/a	Yes No N/a	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
£250
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a


✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income
Donations and gifts General grants provided by government/other charities Other Total Ticket Sales for Red Events Other Total Other Total Interestincome Dividend income Rental and leasing income Other Total Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual propertyrights Other Total Other information: TOTAL INCOME Other: Analysis Donations and legacies: Charitable activities: Other trading activities: Income from investments: Separate material item	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations and gifts	484	-	-	484	1,000
	General grants provided by government/other charities		16,639	-	16,639	35,207
	Other	1,102	-	-	1,102
	Total	1,586	16,639	-	18,225	36,207

	Ticket Sales for Red Events	6,322	-	-	6,322	3,477
	Other		170	-	170	-
	Total	6,322	170	-	6,492	3,477

		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interestincome	398	-	-	398	123
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	398	-	-	398	123

		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		8,306	16,809	-	25,115	39,807

Grants: National Lottery Awards for All £18,660 awarded in 2023/24, split equally over 2023/24 and 2024/25. HEY Smile All income in the prior year was unrestricted except for: Foundation TCP Grant £4,920 awarded in 2023/24 to cover (please provide description and amounts) costs April 24 to March 2025. Smith & Nephew £1,000 received for GB band practice costs in 2024/25

Not applicable

Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.

Not applicable

Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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~~8~~

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Fundraising agents	1,050		-	1,050		3,150	-	3,150
Intellectual property licencing costs		500	-	500	-	500	-	500
Total expenditure on raising funds	1,050	500	-	1,550	-	3,650	-	3,650
Expenditure on charitable activities:
GigBuddies - StaffingCosts	-	10,320	-	10,320	-	7,776	-	7,776
Gig Buddies - Other	-	6,253	-	6,253	-	7,864	-	7,864
Gig Buddies - Support Costs		1,508	-	1,508	-		-	-
Hull Red - Event Costs	2,376	5,353	-	7,729	-	5,248	-	5,248
Hull Red - Support Costs		646	-	646	-	2,759	-	2,759
Total expenditure on charitable activities	2,376	24,080	-	26,456	-	23,647	-	23,647
Separate material item of expense
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-	-	-
	3,426	24,580	-	28,006	-	27,297	-	27,297

Other information:

Analysis of expenditure on charitable activities

Analysis of expenditure on charitable	activities	activities	activities	activities
	Thisyear				Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
GigBuddies		16,573	1,508	18,081	-	15,640	-	15,640
Hull Red Nightclub Events	2,376	5,353	646	8,375	-	5,248	2,759	8,007
Other - Fundraising		1,550		1,550	-	3,650	-	3,650
Total	2,376	23,476	2,154	28,006	-	24,538	2,759	27,297

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Section C Notes to the accounts

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

Support cost (examples)	Raising funds	Gig Buddies	Hull Red Events	Hull Red Core Costs	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Insurance		707	303	-	1,010	Pro Rata'd to Direct Expenditure
Fundraising		-	-	-	-	Separate category
Other	-	801	343	-	1,144	Pro Rata'd to Direct Expenditure
	-	-	-	-	-

Total	-	1,508	646	-	2,154

Last year

Support cost (examples)	Raising funds	Gig Buddies	Hull Red Events	Hull Red Core Costs	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)

Fundraising	3,650			-	3,650	Separate category
Other	-			2,759	2,759	Pro Rata'd to Direct Expenditure
	-			-	-
	-			-	-
Total	3,650	-	-	2,759	6,409
*Please provide details of the accounting policy* *adopted for the apportionment of costs between* *activities and any estimation techniques used to* *calculate their apportionment.*
			Pro Rata'd by direct expenditure

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Section C Notes to the accounts

Note 6 Details of certain items of expenditure

6.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	148	120
	-	-
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 7 Paid employees

Please complete this note if the charity has any employees.

7.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits

Total staff costs	This year £	Last year £
	8,311	6,451
	1,681	1,138
	328	187
	-	-
	10,320	7,776

This year: Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Last year: Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

None None

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Band	Number of employees	Number of employees
	This year -	Last year -
£60,000 to £69,999
£70,000 to £79,999	-	-
£80,000 to £89,999	-	-
£90,000 to £99,999	-	-
£100,000 to £109,999	-	-

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.
	Thisyear	Lastyear
	£	£
	-	-

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7.2 Average head count in the year The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	1	1.00
Governance	-	-
Other	-	-
Total	1	1

7.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

This year Last year

Please state the legal authority or reason for making the payment

This year Last year

Please state the amount of the payment (or value of any waiver of a right to an asset)	Thisyear	Lastyear
	£ -	£ -

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7.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

The nature of the payment (cash, asset etc.) Total amount of payment Please state the accounting policy for any redundancy or termination payments The extent of redundancy funding at the balance sheet date	Thisyear	Lastyear
	£ -	£ -



	Thisyear	Lastyear
	£ -	£ -

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1/27/2025

Section C Notes to the accounts (cont)

Note 8 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

8.1 Please complete this note if a defined contribution pension scheme is operated.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. *8.2 Please complete this section where the charity participates in* *ascertain its share of the underlying assets and liabilities.* Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds. Amount of contributions recognised in the SOFA as an expense	Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. *8.2 Please complete this section where the charity participates in* *ascertain its share of the underlying assets and liabilities.* Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds. Amount of contributions recognised in the SOFA as an expense	Thisyear	Lastyear
		£	£
		328	187

		Employed staff only work on Gig Buddies, not Red Events	Employed staff only work on Gig Buddies, not Red Events
		*a defined benefit pension plan but is unable to*
		Not Applicable
		Not Applicable

8.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details

Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details

CC17a (Excel)

1/27/2025

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.1 Cost or valuation
Freehold land & buildings Other land & buildings £ £ At the beginning of the year - - Additions - - Revaluations - - Disposals - - Transfers - - At end of the year - - Basis* SL or RB (Straight Line or Reducing Balance) SL or RB Rate At beginning of the year - - Disposals - - Depreciation -Straight Line - - Impairment - - Transfers - - At end of the year - - Net book value at the beginning of the year - - Net book value at the end of the year - - 9.4 Impairment 9.5 Revaluation Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable 9.3 Net book value This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 9.2 Depreciation and impairments*	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	-	-	2,925	1,496	4,421
	-	-	-	-	-
	-	-			-
	-	-	-	-	-
	-	-	-	-	-
	-	-	2,925	1,496	4,421

	SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL or RB	SL or RB
			20%	20%	20%

	-	-	-	-	-
	-	-	-	-	-
	-	-	874	471	1,345
	-	-	-	-	-
	-	-	-	-	-
	-	-	874	471	1,345

	-	-	2,925	1,496	4,421
	-	-	2,051	1,025	3,076

			None

			None
				This year Last year
				-	-
				-	-

CC17a (Excel)

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the methods applied and significant assumptions

the carrying amount that would have been recognised had the assets been carried under the cost model.

9.6 Other disclosures

*(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed* *assets.* *(iii) Details of the existence and carrying amounts of property, plant and* *equipment to which the charity has restricted title or that are pledged as security* *for liabilities.* *(i) Please state the amount of borrowing costs, if any, capitalised in the construction of* *tangible fixed assets and the capitalisation rate used.*	Thisyear	Lastyear
	£	£
	-	-
	-	-
	-	-

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

1/27/2025

Section C Notes to the accounts (cont)

Note 10 Stocks

Please complete this note if the charity holds any stock items

10.1 Please state the carrying amount of stock and work in progress analysed between activities.

activities.
For distribution For resale For distribution For resale £ £ £ £ £ Charitable activities: *Opening* - - - - - *Added in period - T Shirts* 300 - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* 300 - - - - Other trading activities: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Other: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Total this year 300 - - - - *Total previous year* - - - - - Work in progress 10.2 Please specify the carrying amount of any stocks pledged as security for liabilities Stock Donated goods This year Last year - - £ £	Stock		Donated goods		Work in progress
	For distribution	For resale	For distribution	For resale
	£	£	£	£	£

	-	-	-	-	-
	300	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	300	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	300	-	-	-	-
	-	-	-	-	-

		This year		Last year
		£		£
		-		-

CC17a (Excel)

1/27/2025

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

*Please complete this note if the charity has any* *debtors or prepayments.* Note 11 Debtors and prepayments
11.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
		1,998.0

	-	1,998.0

Please complete 11.2 where a material debtor is recoverable more than a year after the reporting date.

NOT APPLICABLE This year Last year £ £ - - - - - - - - - - Prepayments and accrued income Other debtors Total 11.2 Analysis of debtors recoverable in more than 1 year (included in debtors above) Trade debtors	NOT APPLICABLE This year Last year £ £ - - - - - - - - - - Prepayments and accrued income Other debtors Total 11.2 Analysis of debtors recoverable in more than 1 year (included in debtors above) Trade debtors	NOT APPLICABLE This year Last year £ £ - - - - - - - - - - Prepayments and accrued income Other debtors Total 11.2 Analysis of debtors recoverable in more than 1 year (included in debtors above) Trade debtors
	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

1/27/2025

Section C Notes to the accounts (cont)

Note 12 Cash at bank and in hand

Note 12 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	51,455	43,515
	-	-
	51,455	43,515

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Section C Notes to the accounts (cont)

Note 13 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

13.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts

Trade creditors Payments received on account for contracts or performance-related grants

Accruals and deferred income

Taxation and social security Other creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
14,930	6,489	-	-
-	534	-	-
-	120	-	-
14,930	7,143	-	-

13.2 Deferred income

Please complete this note if the charity has deferred income.

*come.*
This year	Last year
Paid at end of 2023/24 for activity across 2023/24 and 2024/25	Similarly, paid in year for activity straddling this and next year

Please explain the reasons why income is deferred.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	6,489	-
	14,930	6,489
	- 6,489	-
	14,930	6,489

CC17a (Excel)

1/27/2025

Section C Notes to the accounts (cont)

Note 14 Charity funds

14.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
				£
Gig Buddies	R		34,678	7,479	-18,581	-	-	23,576
Hull Red	R		3,170	9,330	-5,999	-	-	6,501
Unrestricted Funds	UR		4,943	8,306	-3,426	-	-	9,823
			-	-	-	-	-	-
*Other funds*	N/a	N/a	-	-	-	-	-	-
Total Funds			42,791	25,115	- 28,006	-	-	39,900

CC17a (Excel)

1/27/2025

Section C Notes to the accounts (cont)

Note 14 Charity funds (cont)

14.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Gig Buddies	R		19,801	30,517	-15,640	-	-	34,678
Hull Red	R		6,487	4,690	-8,007	-	-	3,170
Unrestricted Funds	UR		3,993	4,600	-3,650	-	-	4,943
			-	-	-	-	-	-
Total Funds 2022/23			30,281	39,807	- 27,297	-	-	42,791

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CHARITY COMMIS510N FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustses Hull Red CIO On accounts for the year ended 31 May 2024 Charity no lif any 1204452 Set out on pages .1% ai)-Yi-.Jr.r..'. I report lo the trustees on my examination of the accounts of the above charity {"the Trust.) for the year ended 3110512024. Responsibilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in aordanCe with the requirements oflhe Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commissian under section 145151(bl of the Act. Independent tT examiner's Statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination lolher than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charrties Act, or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with Ihe examination to which attention should b8 drawn in this report in order to enable a proper understanding ofthe accounts to be reached. Please delete the words in the braGkets if they do not apply. Signe Dats: 2810112025 Name: Emma Cage ACA CTA Relevant professional quallficatlon(s) or body Institute of Chartered Accountants in England & Wales IER Oct 2018

lif any): Address: 23 Wren Garth, Beeford, Driffield, Y025 8FQ Section 8 DiscSosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidan for examiners}. Glve here brief details of any itsms that the examiner wishes to dl8c1088. IER Oct 2018