2023-09-06-accounts - Hull Trinity House Charity

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		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	10
Statement ofFinancial Activities
Statement ofFinancial Position		12
Statement ofCash Flows
Notes to the Statement ofCash Flows		14
Notes to the Financial Statements	15	to	25
Detailed Statement ofFinancial Activities	26	to	27

Reserve Funds are as follows:
Endowment Fund	22,632,651
Restricted funds
-Prize funds and bequests	167,781
Unrestricted funds
-Reserve fund	6,322,571
-Rest Homes fund	3,626,443
-Property repair fund	7239,603
	39989049

						Period	Period
						8.9.22	2.9.21
						to	to
						6.9.23	7.9.22
			Unrestricted	Restricted	Endowment	Total	Total
			funds	fund	fund	funds	funds
		Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies		2	255,373	23,538		278,911	436,042
Other trading activities		3	1,249,918			1,249,918	1,632,029
Investment income		4	337,593	3,727		341,320	285,619
Other income							50,000
Total			1 842,1184	27 265		1 $70 149	2403 690
EXPENDITURE	ON
Raising funds			33,991			33,991	33,232
Charitable activities
Grants payable			395,329			395,329	398,801
Running costs, HTH Academy
management &admin & invest
property repairs			1 249367	768		1 250 135	1 313,350
Total			1 678687			1679455	1745383
Net gains/(losses) investments	on		~327,)20)	~2,096)	1 039047	709831	3 305 375
NET
INCOME/(EXPENDITURE)			(162,923)	24,401	1,039,047	900,525	3,963,682
RECONCILIATION OF
FUNDS
Total funds brought forward			17,351,540	143,380	21,593,604	39,0S8,524	35,124,842
TOTAL FUNDS	CARRIED
FORWARD			17 188617	167781	22 632651	399$9049	39088524

					2023	2022
		Unrestricted	Restricted	Endowment	Total	Total
		funds	fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12			4,225,000	4,225,000	3,952,581
Investments
Investments	13	7,696,797	147,484	2,074,260	9,918,541	9,904,649
Investment property	14			20490 000	20 490 000	19170000
		7,696,797	147,484	26,789,260	34,633,541	33,027,230
CURRENT ASSETS
Debtors Cash at bank and in hand	15	272,889 9321 5SS	20 297	~4156609)	272,889 5 185276	2,889,672 3334 743
		9,594,477	20,297	(4,156,609)	5,458,165	6,224,415
CREDITORS
Amounts falling due within one
year	16	(102,657)			(102,657)	(163,121)
NET CURRENT ASSETS		9 491,820	20 297	~4156609)	5 355 508	6 061 294
TOTAL ASSETSLESS
CURRENT LIABILITIES		17,1S8,617	167,781	22,632,651	39,9S9,049	39,088,524
NET ASSETS		17 188617	167,781	22,632651	39989049	39088524
FUNDS
Unrestricted funds					17,188,617	17,351,540
Restricted funds					167,781	143,380
Endowment funds					22 632651	21 593 604
TOTALFUNDS					39989049	39088 524

				Period	Period
				8.9.22	2.9.21
				to	to
				6.9.23	7.9.22
			Notes
Cash flows from operating	activities
Cash generated from operations			1	2,408 276	~2441 889)
Net cash provided by/(used	in) operating		activities	2408 276	~2,441,889)
Cash flows from investing	activities
Purchase oftangible fixed assets					(38,520)
Purchase offixed asset investments				(1,779,774)	(1,224,943)
Purchase ofinvestment property				(549,735)	(473,014)
Sale oftangible fixed assets					5,050,000
Sale offixed asset investments				1,016,084	1,420,214
Sale ofinvestment property				92,500
Interest received				41,189	2,779
Dividends received				300 129	282 840
Net cash (used in)/provided	by investing		activities	~879607)	5,019356
Change in cash and cash equivalents		in
the reporting period				1,528,674	2,577,467
Cash and cash equivalents	at the
beginning ofthe reporting	period			4 894 060	2316593
Cash and cash equivalents	at the end	of
the reporting period				6422 732	4894060

RECONCILIATIO ACTIVITIES	N OFN	ET INCOME TO NET CASH FLOW FROM	OPERATING
			Period	Period
			8.9.22	2.9,21
			to	to
			6.9.23	7.9.22
Net income for the	reporting	period (as per the Statement ofFinancial
Activities)			900,525	3,963,682
Adjustments for:
Depreciation charges			2,581	2,582
Gain on investments			(709,831)	(3,610,676)
Interest received			(41,189)	(2,779)
Dividends received			(300,129)	(282,840)
Decrease/(increase) (Decrease)/increase	in debtors in creditors		2,616,783 ~60 464	(2,531,236) 19378
Net cash provided	by/(used	in) operations	2408 276	~2,441 889)

ANALYSIS OF CHAN	GES IN NET FUNDS
		At 8.9.22	Cash flow	At 6.9.23
Net cash
Cash at bank and in hand		3,334,743	1,850,533	5,185,276
Investments —designated	bank deposits	1 559317	~321 863	1.237457
		4 894060	1,528670	6 422 732
Total		4 894060	1 528670	6 422732

DONATIONS AND LE	GACIES
		Period	Period
		8.9.22	2.9.21
		to	to
		6.9.23	7.9.22
Donations		23,693	387
Grants		255,218	435 655
		278431	436642
Grants received, included	in the above, are as follows:
		Period	Period
		8.9.22	2.9.21
		to	to
		6.9.23	7.9.22
Grant		255 218	435 655

3.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
				Period	Period
				8.9.22	2.9.21
				to	to
				6.9.23	7.9.22
	Rental income			1,249918	1 632 029
4.	INVESTMENT INCOME
				Period	Period
				8.9.22	2.9.21
				to	to
				6.9.23	7.9.22
	Income &om quoted investments			300,135	282,840
	Bank and other deposit interest			41 185	2779
				341 320	285619
5.	RAISING	FUNDS
	Investmeut	management	costs
				Period	Period
				8.9.22	2.9.21
				to	to
				6.9.23	7.9.22
	Portfolio management			~33 991	33232
6.	CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities
					(see note
					7)
	Grants payable				395329

							Period	Period
							8.9.22	2.9.21
							to	to
							6.9.23	7.9.22
	Grants payable						395 329	398 801
	The total	grants paid to	institutions		during the period was as follows:
							Period	Period
							8.9.22	2.9.21
							to	to
							6.9.23	7.9.22
	Grants to	institutions					500	500
8.	SUPPORT COSTS
							Governance
					Management	Other	costs	Totals
	Other resources expended				1 234 116	2 582	13432	1 250 135
9.	AUDITORS' REMUNERATION
							Period	Period
							8.9.22	2.9.21
							to	to
							6.9.23	7.9.22
	Fees payable to the charity's			auditors for the audit ofthe charity's		financial
	statements						13,311	13,907
	Auditors'	remuneration	for	non audit work			126	120

		2023	2022
Wages	and salaries	823,417	765,750
Social	security costs	70,449	65,577
Other	pension costs	65 679	61 960
		959545	893 2$6

The number ofemployees	The number ofemployees	emoluments,	emoluments,	excluding	pension	contributions,	fell within the	following ranges:
							2023	2022
165,000tof75,000							1	1
The average monthly	number of	employees	during the period was as follows:
							Period	Period
							8.9.22	2.9.21
							to	to
							6.9.23	7.9.22
Rest homes							4	4
Support staff							34	28
							38	32
TANGIBLE FIXED	ASSETS
							W.W.
				Fixtures			adventure
		Freehold		and			centre
		property		fittings		Pontoons	equipment	Totals
COST
At 8 September 2022		3,950,000		125,458		27,063	43,585	4,146,106
Revaluations		275 000						275 000
At 6 September 2023		4225000		12545827063			43585	4421106
DEPRECIATION
At 8 September 2022				125,458		27,063	41,004	193,525
Charge for year							2 5$1	2581
At 6 September 2023				125	458	27 063	43 585	196106
NET BOOKVALUE
At 6 September 2023		4225 000						4225 000
At 7September 2022		3950000					2 581	3 952581

FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS
			Cash and
		Listed	settlements
		investments	pending	Totals
MARKET VALUE
At 8 September	2022	8,345,332	1,559,317	9,904,649
Additions		1,777,679	71,856	1,849,535
Disposals Revaluations		(1,054,545) ~387,378)	(393,720)	(1,448,265) ~387 37&)
At 6 September	2023	8681088	1 237,453	9918,541
NKT BOOK VALUE
At 6 September	2023	8 681088	1237 453	9918541
At 7 September	2022	8 345332	1 559317	9,904649
Regional Breakdown
Extraordinary	Repair Fund
UK				45%
North America				25%
Europe				10%
Other				8%
Japan				2%
Rest ofthe World				10%
Endowment Fund
UK				48%
North America				25%
Europe				8%
Other				8%
Japan				2%
Rest ofthe World				10%
Reserve Fund
UK				47%
North America				25%
Europe				9%
Other				8%
Japan				2%
Rest ofthe World				9%

14.	INVESTMENT	PROPERTY
	FAIR VALUE
	At 8 September	2022				19,170,000
	Additions					549,735
	Disposals					(92,500)
	Revaluation					$62 765
	At 6 September	2023				20,490 000
	NET BOOKVALUE
	At 6 September	2023				20,490 000
	At 7 September	2022				19170000
15.	DEBTORS:AMOUNTS FALLING DUK %'ITHIN ONK YEAR
					2023	2022
	Trade debtors				189,165	19,448
	Other debtors				15,547	2,533,955
	VAT				6,070	17,469
	Accrued income					255,300
	Prep ayments				62 107	63 500
					272 $$9	2,889672
16.	CREDITORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
	Trade creditors				74,741	128,296
	Other creditors				27916	34825
					102657	163 121
17.	MOVKMKNT	IN FUNDS
					Net
					movement	At
				At 8.9.22	in funds	6.9.23
	Unrestricted funds
	Reserve fund		17,351,540		(162,923)	17,188,617
	Restricted funds
	Prize funds and	bequests		143,380	24,401	167,781
	Endowment funds
	Endowment fund		21,593,604		1,039,047	22,632,651
	TOTAL FUNDS		39	088524	900 525	399$9049

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
Reserve fund		1,S42,884	(1,678,687)	(327,120)	(162,923)
Restricted funds
Prize funds and bequests		27,265	(768)	(2,096)	24,401
Endowment	funds
Endowment	fund			1,039,047	1,039,047
TOTAL FUNDS		1 870 149	~1679455)	709 831	900525

			Net
			movement	At
		At 2.9.21	in funds	7.9,22
			K
Unrestricted	funds
Reserve fund		17,074,97S	276,562	17,351,540
Restricted funds
Prize funds and bequests		145,995	(2,615)	143,3SO
Endowment	funds
Endowment	fund	17,903,869	3,689,735	21,593,604
TOTAL FUNDS		35 124 842	3963682	39088 524

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
Reserve fund	2,400,237	(1,745,383)	(378,292)	276,562
Restricted funds
Prize funds and bequests	3,453		(6,06&)	(2,615)
Endowment funds
Endowment fund			3,689,735	3,689,735
TOTAL FUNDS	2,403690	~1,745 3&3)	3,305,375	3963682
	Tangible fixed		Net current
	assets	Investments	assets	Total
Endowment fund	8,400,000	16,896,368	(7,899,320)	17,397,048
Restricted funds
Prize funds and bequests		123,015		123,015
Unrestricted funds
Reserve fund	2,051	2,524,335	3,555,865	6,082,251
Rest home funds		1,758,842	1,455,741	3,214,583
Property repair funds		3 548 115	3233 301	6 781417
	8402051	24850675	345587	33598314 .

			Period	Period
			8.9.22	2.9.21
			to	to
			6.9.23	7,9.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations			23,693	387
Grants			255 218	435,655
			278,911	436,042
Other trading activities
Rental income			1,249,918	1,632,029
Investment income
Income &om quoted investments			300,135	282,840
Bank and other deposit	interest		41 185	2 779
			341,320	285,619
Other income
Gain on sale oftangible		fixed assets		50000
Total incoming resources			1,870,149	2,403,690
EXPENDITURE
Investment management		costs
Portfolio management			33,991	33,232
Charitable activities
Grants to institutions			500	500
Grants to individuals			394,829	398301
			395,329	398,801
Support costs
Management
Investment property	repairs and expenses		656,491	704,639
Running costs - almshouses			79,191	102,590
Trinity House Academy			2,178	8,759
Support costs			496,256	480,753
			1,234,116	1,296,741
Other
Computer equipment			2,582	2,582

						Period	Period	Period
						8.9.22		2.9.21
							to	to
						6.9.23		7.9.22
								K
Other
Governance		costs
Auditors'	remuneration						13,311	13,907
Auditors'	remuneration			for non audit work			126	120
							13,437	14,027
Total resources		expended				3	679455	3 745383
Net income	before gains				and losses		190,694	658,307
Realised recognised Realised gains/(losses)			gains and losses on fixed asset investments				709 833	~20625)
Net income							900 525	637 682