## **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** |Guidance Notes
**Fixed assets**
**Intangible assets**
B01
**Tangible assets (Note 9)**
B02
**Heritage assets**
B03
**Investments**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 10)**
B06
**Debtors (Note 11)**
B07
**Investments**
B08
**Cash at bank and in hand (Note 12)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 13)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 13)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds**
B17
**Restricted income funds (Note 14.1 &**
**14.2)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21|**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|| ||||| CC17a (Excel) 1/27/2025 2 **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| CC17a (Excel) 1/27/2025 3 _**(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|* -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._**|||| ||||| CC17a (Excel) 1/27/2025 4 ## **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._ |**Recognition of income**
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|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||| ||✓|✓|✓| |**2.4 ASSETS**
£250
**Intangible fixed assets**
**Heritage assets**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**||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||| |**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
**Debtors**
(
g
)
g
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.|||| |---|---|---|---| ||✓|✓|✓| ||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)** CC17a (Excel) ~~1/27/~~ 2025 ~~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**| |||||||||| CC17a (Excel) 1/27/2025 9 ## **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|||| CC17a (Excel) 1/27/2025 10 ## **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| ||-|-| ||-|-| ||-|-| CC17a (Excel) 1/27/2025 11 ## **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**| ||**£**|**£**| ||-|-| CC17a (Excel) 1/27/2025 12 **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**| |---|---|---| ||**£**
-|**£**
-| CC17a (Excel) 1/27/2025 13 ## **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**| ||**£**
-|**£**
-| |||| |||| CC17a (Excel) 1/27/2025 14 **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 15 ## **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) 1/27/2025 16 ## _**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 17 ## **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 18 ## **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 19 ## **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**| CC17a (Excel) 1/27/2025 20 ## **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** |**Total **|**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 21 **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 22 **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** _**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||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**| CC17a (Excel) 1/27/2025 23 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 a￿ordanCe 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