REGISTERED CHARITY NUMBER.. 220331
Report of the Trustee5 xnd
FitLllncial Statenjénts for the Period 7 September 2023 to 4 September 2024
for
Hull Trinity Hfju￿ Chxrity
Harris Lacey and Swain
Charteied Aecounianis and Statutory Auditors
Suiie I
Tht Riv¢rsid¢ Building
Htssle
East I'orkshire
HU130DZ

Hull Trinity House Charity
CoDtents of the Financial Siltemtllts
for the Period 7 Septtmber 2023 to 4 September 2024
Page
Report of the Tr￿SIteS
Report Df the Independent Auditors
7 to 10
Statement of Financial Activitie5
St#iemtnt of FiThancial Position
Stattmtnt of Cash Flow5
Notes to the Statement of Cash Flows
14
Notes to the Finaneial StalementS
15 10 ?5
Detailed Statement of Financi21 Activities
26 10 27

Hull Trinity HDUSt Charity
Report of the Trustees
for the Period 7 September 2023 to 4 September 2024
The irustees preseni ih¢ir report w'ith th¢ rjnancial siai¢tnents of the tharil) foi the peri(Trd 7 September 2023 to
4 Sepiember ?024. The irust¢¢s hav¢ adopted the provisions of Accounting and Rcportiiig b}" Charities.. Siaiemeni of
Rceommendcd Praciice applicable io chariii¢5 preparing their accounts in accordance iviih the Financial Reporting
Standard applicable in the UK and Republic of Ir¢land IFRS 1021 l¢ff¢cliv¢ l January 20191.
OBJECTIVES AND ACTIVITIES
Objetlives and aims
'he 'frusiCCS conlimi thai thefv have complied with the duty specili¢d in the Chariii¢s Aci 2011 to have due rtgaid to
Ihe publie benefit guidance publsshed by the Charity Cotntnission. Th¢ objects of the Charity. for the publit benefit. as
Set oul in Ihc schemt are:_
Hull Trinity Houst Charity
11 i-rhe Felierofptrsons %sho are in nted, hardship or distress.
lal The Trustec5 may relieve siich persons in need bv'.-
lil making grants of money to them-. or
lill prLividing 01 paying for goods. services or facilities for Ihem.. or
liiil Tnaking grants of rnone). 10 Other p¢rsons or bodies who provide good& services or facilities to those in n¢¢d". or
liTrl SULh other as the trusitis Ihink fil.
121.fhe PTovision of housiiig a¢¢ommodation for such persons.
131 In 5¢1¢ctiiig b¢n¢fiLiaTies under sub Llauses I I l and 121 abovt. the Trusiets musl give pr¢feT¢nc¢.'
lal fir511y tu brethren. seafarcrs. their spoiises aiid dependanis aiid spouses and dependants ot d¢c¢&%ed %¢afJr¢rs'. and
Ibl 5econdlv lo other persons who are ￿￿er 60 of agc.
141 SuLh LhJtiiable purposes for the bencfii of residenis as the Trustees decide.
iil.fo further the objects of thc charil) kThts￿n as the Hull Triniiy House Academy.
161 In the interests of social Il'elfare. to improve Ihe condiiions of lite for young p¢r5ons withoui distinction of polilic21.
religiou5 or other opinivns by iht provjsion of lacilities for training. recreational and l¢isur-time activity in sailing and
other water 5POrts.
Hull TrKnity" House AcAdemy
The objeci olthe charit), is ihe provision of iiems. 5eri'ic¢s and (acilitie5 for the ALadem>.
Hull Trinity House Acxdemy Prize Fund
111 The objtci of the charity is to furLhtt the educaiion of pupils attending the Acadeffly by the awtsrd of prizes lor
oihci suitablt rtivardl.
121 The prizes musi be awardtd on the recon￿endatIon o(the Acadetnv PrinLipal.
The Trustees carry out ihcse objecis b￿.:
providing financial grants on a quarterly basis..
providing housing at the Resi Homes..
providing finatjcial and oihtr 5UPWrt to Hull Triniiv Huuse Acadetny". and
providing an edueaiional faciliN ai Welton Il'alers Adventure C¢ntr¢
The Trustees established these polici¢s 10 achieve the charitv's objects for ih¢ public benefit to improve the lives of
p¢rsons who aT¢ in netd. hardship or disiress and as a meaiis ot- assisting the Ilull I'rinity Flause Acaderny. PeTSons in
need are inviled 10 apply for the financial grants or housing and ar¢ award¢d ih¢tn. or noL based on the Criteria sei by
the truste¢s.
The Trusie¢s hold a regard to CCICCNI Guidance in relation lo public b¢n¢fit.
Recruitment and xppoi]Jtmtnt of new trustees
The Truste¢5 have b¢¢n appointed in accordance with the Chariry's Articles of Association. an￿. skills area$ are #ss¢ssed
annually. and il is greatly valuLd thai our Trusitts art an important, integral parE of our Charst
Page I

Hull Trinity House Charity
Report of the Trustees
for the Period 7 September 2023 to 4 September 2024
ACHIEvE￿]ENT AND PERFORMANCE
Athievemellcs and Performan¢e
Al 4ih Sepieinber 2024 graiiis w¢r¢ being paid to 33612023.. 3631 ietired fflariners or the￿ dcpendanis. The number of
residL'nis In the R¢51 Homes ai Ihe same lime wa5 70 12023- 701 Nautical Charities are noiicirtg a reduction in
berteficiaries due to th¢ coniraciioll in Inariitine services 0￿er th¢ past lour to fI￿e detade5.
Followirtg the scheme daied 4ih November 2010. the Trust¢e5 ar¢ abl¢ lo off¢r relief lo persons who are noi from a
seafaring background. M'hich has boosied occupancy in the R¢sl Hotnes.
The fulure of IhL unoeeupied r￿lIa[ properties is not h¢lp¢d by th¢ CUTr¢nt eLonomic climate and Qeneial deLline in
retailing nalionallj. Also it is I'cli that Hull has 100 manv rtiailing o>utlets for 115 5iz¢. In this y¢ar though, there has b¢¢n
all incTe8se in the number of enquirits about ihe empty prDp¢rties and 5orn¢ ienants have rtnewed theiT lease
It 15 f¢lt thai should our aims and objeeiives all get meL we would coniinue to striv¢ towards ￿hat th¢ Charity was sei
out to achieve upon iegistraiiort.
Success for our aim5 and objectives is measured by the continuous occupaiion of our rest home5, th¢ ability to
iontiiiuiiig giving grant5 lo ihose who tequite them rnosi and iht abiliiy to lunher Hull's development and cul¢ur¢.
Reserve Funds are *5 follows-
Endowment Fund
Restricted fund5
Pril¢ funds and bequests
Unre5tri¢ted fund$
ReseTh'e fund
Rest Ilomes fund
ProFKTty repair fund
23,623,323
180,350
6.677.414
3.885.305
7.704.258
42.070.652
Grants rtceivablt
During thc 52 WLckb ended 4th S¢ptemb¢r 2024 ihe Charit). has received grants from Hull cl￿ Council r¢laiing to Ihe
Humber High Street Challeng¢ Fund and the Higli Str¢¢l Heritage Action Zone Fiind. These grants art 10 assi51 with ihe
Ivorks being c8Jried oui on various prop¢rtie5 throughout the Ferres Estate.
The Tnisiees again wish to express their gratitud¢ to Hull City Council for their generous suppon.
Risk mlnagement
The Trustets idcntify. and review ihe risks 10 which th¢ charity is exposed and 10 ensure appropriaic conirols are in
place 10 provide reasonable ￿suranC¢ agaiD5t fraud and e￿0[.
Page 2

Hull Trinity HousÈ Chxrity
Report of the Tru$tee$
for the Period 7 September 2023 to 4 September 2024
FINANCIAL REVIEW
Fingncial position
The 'frustees have ￿ViC￿Ld the restrvts of Ihc eharity. Reserve5 are needed to maintain ihe Resi Flom¢s. proi'ide
granrs tor lh¢ ￿tired mariners and Iheii dependanis, proieci and maintain the income producillg propert1¢5 and to
support th¢ Hull Trinity House Ac2deEny.
Expcnditur¢ on tnainwining PTQP¢rti¢s is high partitularlv as most of the properties are listtd buildiiigs. Empty
PTQP¢rties still need tnainlaining to som¢ extent. Consequently, (he reserves are kept ar a high level although thi5 IS
hawing no itnpaa on the ben¢ticiari¢5.
The siirplus of incom¢ over ¢xp¢ndilure has b¢¢n credil¢d lo th¢ r¢serN'¢$ in the followinE tatio-.-
Reser￿¢ Fund
40/
Rest Homes Fund
20Qh
Propcrty Repair Funds
40V/D
Thc investment objective thai th¢ Investment Managers have lo tollow is that of achieving a balance beiwetn income
and capital growth. There were no re￿[l¢tiOnS concerning counui¢5 or commercial artivilies that had to be Lonsidered.
The pcrformanct of ihe funds is reviewed on a monthly basis and ts*i¢¢ a jear the lrtvestmeni Managers allend the Hull
Trirtiri Hous¢ and reports on th¢ previous six month5.
The market Yalue of Ihe inN't￿MentS has increased during th¢ past )'ear. Tli¢ Trustees ate satisfied with the level of
irtvtsimeni income aehiei'ed recognising lis coutribuiion lo th¢ total overall incoine
The value of the quoted inv¢stin¢iits incr¢a5¢d by £837.127 10 £9.518.?15. The commercial properties have been
rtvalucd ai Ihl sear end. Increasing Jn Traliie b}. £4.305,OW to £24.795.IIIMI. l-his illCTease includes a farm addition of
£3.785.WO as High BOn￿.1¢k Farm wa5 added to ih¢ agriLuliural pruperties portltilio.
All farnis wcrc rcvalued at Ihc period end by Cundalls. the agricultural agents. There was also an increase 01£600.000
in the value of Irtthold land and buildings used by th¢ charity, INhich was noi¥ valued al £4,825,000 Cvmpartd to
£4.225,(XJO in 2023.
Renial income increased compared lo the previous lear. There a I￿gL increase in investment income as stock
markcis pcrformed ivell. Expellditurt on granis incr¢as¢d 51ighil}' 2$ the quarterly grani amoiint increased 10 £221
per quaner. The number ot grant recipients however. decTeased again In Ihc vcdr. The Welion Il'aiers Adventure Cenirt
conitnued io provide a valuable ¢du¢aiional resource for local schools, Lollcgc& busiiicsses and charities as ivell
as for m¢mber> of th¢ public.
The Corporation of th¢ Trinity Hous¢ in King$ion uport Hull contribuied the sum of £16.755 iowards the upkeep of
Trinity Hous¢, a higher fJgur¢ than 2023.
The level ol reserves ai Ihe ¢nd of ihe perivd Thas £42.070.6i2. of ￿h￿ch £18.266.979 is unresiricied and is classed as
our Ir¢e reserves. Tlie remaining £23.803.673 15 r¢stricl¢d and is split £180,350 and £23,623,323 as Prize Funds and
Endowment Funds r¢sptcliv¢ly.
Page 3

Hull Trinity House Cbarity
Report of tht Trustees
for th¢ Period 7 September 2023 10 4 Septernbtr 2024
STRUCTLIRE, GOVERNANCE AND MANAGEMENT
Coverning dotumetht
I'he Charitv is govemLd bj three sehemts which ￿'¢re sealed by the Charl￿. Commi55ion on 7th October 2005 and
atnend¢d on 4th NovembeT 2010. The Trusites Board consists of lloi Itss than 10 aad not tnore than 20 Tr￿tte5.
Th¢ firs1 Trusl¢¢s iieTe listed in the Scheme documents and Ihose Trusiees are responsible tor appointing n¢I4' Tru5tee5.
Th¢ maxirnutn p¢riod a Trusiee Lan ser￿e is 4 vears bui Ihev ma} pui themsel￿¢S totivard tor re-appoinimeni. The
'I'rust¢e5 Ineet Trerj fL'Eularl)', on ai'etagt more than oncc each month as the business dictate5.
There are SeTr¢Tal advi50Tr' comtnitlees each LUtigislinE of Ihree Members ol Iht Board of Trustees. These committ¢es
proft¢r advi¢¢ bui all decision5 arc taken by the full Board. The implemeiiration of those dectsion5 is delegated io the
SiereiaTr and his staff. Certain 1¢s"¢ls of ¢xp¢ndilui¢ Can be allihorised bj Ihe SecreiaTr and the Estates Manager as
deiailed in th¢ Financial Procedures.
The Board keeps th¢ skill requiTetnents for the Trusiee body undtr rtview. and in the event Ihal a ne%4. Trusiee is
appointed an iiiduction pack 15 Pro￿lded. Thi5 contains docutnents such as the Charitv's sehemts, lait￿ reports and
account5. Minutes of recent trust¢¢ tne¢ling5 and the Charit> Commission booklet "The Esseniial Truste¢.' whai vou
need 10 knoii" and "Chariiies and Public Benefii" A n¢w Tru51¢e meets %vith the Secieiapj, ￿h0 explains hoi¥ the
charity operdles. its finances. investinenls. Ihe pow¢rs and r¢spon5ibilities of the Board vf TTusiees and tht use of the
advisor> commiit¢¢& Bv sitting in on cornrDittee and Board meetings a new Trusiee soon amasses the knowledge
ntLtssarv 10 contribute lo th¢ cliarity..
All Trustees give of their lime freel¥ and no Trust¢¢ r¢mun¢ralion is paid. De￿lIS of Trustee expenses are dtsclosed in
the aeeounis. Trusiees are required lo disclos¢ all r¢levanl intere41￿ and regisieT them iliih thc Sccreiary and. in
accordance wilh the charity's policy. would have io withdraw frorn any decision where a conflict of inieresi arose.
Risk mAnigement
The Trusiees havt carried out an ¢Y¢rci5¢ to identify the tnajor risks faLing the Charity's operaiions and confirni ihat
they are sarisfied that s)'stem5 eX151101¢5%n exposure to those risks.
Those risks are..
loss of ditninuiion in valu¢ of propertv assets
- mark¢i valu¢ of quoted investsnents and income therefiom
markti valu¢ of commercial PTOP¢rties and incotne theiefrom
markei value orrreehold land and building5 and inLome therefrom
Page 4

Hull Trinity House Charity
Report of the Trustees
for the Period 7 September 2023 to 4 September 2014
REFERENC£ AND ADMINISTRATIVE DETAILS
Addres5
Trinity House Lane
Hull
HUI 2JG
The Tru$tet$ are:
Captain C Adams
Captain D H Atkin
Captain J D Coggin, B.Sc. IHonsl, B.A.
Captain P J Com'ing
Captain S L Gatnble
Captain R J Hancock
Captain M E Kelly
Captsin G J Rawding
Cuptain l D Robinson
Captsin D M Sha￿.
Captain J Tindall
Caprain C C W Towne
Captain P A Watt5
Secret¥ry
Mr P Shearsmiih
Bxrjkers
Barclays BÈnk PLC
1 5 King EdwaTd Street
Hull
HUI 3RL
Solicitory
Bridge McFarland Solicttors
19 South Si. MaTh'b Gate
Ciritnsbv
DN31 IJE
Investment Advisors
SG Klcinwort Hambros Bank Limiied
Sih Floor. 8 St. James's SquarL
London
SWIY4JU
Auditors
Harris Lacc). and Sivain
Chartered Accountaiits and Registered Auditors
Suite l. Thc RiNersidc Building
Hessle
HU13 ODZ
Page i

Hull Trinity House Charity
Report of the Tru5te¢5
for the Ptriod 7 September 2023 to 4 September 2024
TRL'STEES. RESPONSIBILITY STATEMENT
The Triisi¢es are r¢quir¢d by chariry la%v lo prepare financial staiemcnis for each financial year, w'hich give a true and
fair view of th¢ stale of aft'airs of the Lharity 2nd of Ihe surplus or dtficii of the charity as at the end of the financial
y¢ar.
The Trustees confirrn Ihal suitabl¢ accounting policies hai'e been used and applied eonsisienily, and reasonable and
prudcnijudgemenis and estirnaies hai't been mad¢ in the pr¢paralion ot. the tinancial staietnLnlS lor thi 52 wteks cnd¢d
6th Scpiember 2023. Th¢ Trustees also Conti￿ thai appliLable accouniin8 si8ndards have been follom'ed aiid that Ihe
rjnancial siaiements have been pr¢par¢d on the going concern hasis.
In preparing Ihese accounts, Ihe Trustees ar¢ required ¢0 obs¢rs'¢ the methods and principles in the Accouniing and
Reporting by Chariiies..
Statement of recommended practice applicable to charities preparing their accounts in accordanee with the Financial
R¢porting Standard applicable in the UK and Republic of Ii¢land IFRS 1021.
-rh¢'l-ni%lee5 are reqiiired to act in aceordance ii'iih the Schemes approv&J bj th¢ Lharity Comrni5sion¢r5 and within the
ti?mtwork of ITUSI law. Thev are responsible for keeping proptr accounting r¢¢oTd& ￿"hICh dibLluse with reasonable
ac¢uracy ai arty time tht lirt￿ClaI posiilon ol. the Hull Trinity I lou% Charit! and lo enablc Ihern to trtsure that the
tinancial statemints compl¥ with ihc Charities A￿ 2011. They are also r¢5ponsible for safeguarding the asseis of the
Flull Trinil}' House Charity and hence for thking reasot)able steps for the prevention and detection of fraud and other
Approved by order ofthe board of trustees on
d signed on ils behalf bv..
Cc
Captain CCW Towne
Captain
obinson
Page 6

Report of tht Independtnt Auditors to the Tru5tee5 or
Hull Trinity House Charity
Opinion
I'e have audited lh¢ financial stsiernent5 of Hull Trinity House Charitj (the 'chariry'l for the period endtd
4 S¢pteniber ?024 ￿￿1¢￿ comprise the Siat¢m¢nt of Finanrial ActI￿l11es. the Staiemeni of Financial Posiiion. the
Siaitmenl of Cash Flow-5 and notes to ihe financial statetnenls. including a sumrnary of significarti aceoiinline policies.
The financial reporting fram¢work that has been applied in their preparaiion is applieable law and Unittd Kit)gdom
Aicouniing Standards Iunited Kingdom Gen¢rall}' Acrepled Accountin8 Praclicel.
In our opiiiion the financial sialemenis..
give o true and fair ot'ihe state of the charity's affairs as at 4 S¢pt¢rllb¢r 2024 and of its incoming reSOUTee$ 2nd
applicaiion of resources. for th¢ period then ¢nd¢d.
have been properl￿ prepared in accordance Isilh United Kingdom G¢nerall>' Ac¢epl¢d Accounting Practice; and
have been prepared in accordance w'iih the requirernents of the Charit1¢5 Act 2011.
Basis (or opittio
Il'¢ condu¢l¢d oui audit in accordance iviih Iniem21ional Standards on Audiiing IUKI IISAs IUKII and applic8bl¢ laiv
Our iesponsibiliiies under Ihos¢ standards are I'urther described in the Auditors. re5ponsibilitie5 for the audit of the
tinancial SlalemLnts seciion of our report.
Wi arL Inde￿.￿dent of the charity. in accordance Th'iih th¢ eihiol
requirements Ihtt art rtlevani io our audii of the financial ststetnents in the UK. including the FRC'5 Eihical Siandaid.
and %i'¢ have fulfilled our oihei cthical tcsponsibililics in accordance wilh these rtqiiirements. We believe thai the
audit evid¢nce we hal'e obiained is sufftcient and appropriatt to provide a basis for our opinion.
Con£lusion5 relating to going conctrm
In auditin¥ Ihe lindnLial siat¥menis. li'e have concludcd Ihai the Iruste¢5' use of the goillg conc¢m basis of accounting in
th¢ preparation ot'the ljnancial slatetncnt5 is appiopriaie.
B￿¢d on lh¢ work ive have peifortned. %vt have noi ideniifi¢d anv maierial uncenainlies relating lo eients or condition5
that. individually or Lolleciively, may casi significani doubi on Ihc charity's ability. io continu¢ as a (Toing Concern for a
p¢riod vf ai leasi Iwelve months from when Ihe financial siaiemenls are auihoristd for issue.
OUT r¢sponsibilities and ihe respottsibiliiies of the iruste¢s wilh r¢5tKCi lo going concern are desciibed in the televanl
s¢ctions of thi5 Teport.
Other information
The Irusiccs t)re rcsponsiblc for ihe other information. The other inforrnaiioD Cornprises the infonnation included in the
Annual Report other Ihan the fjnancial siatem¢nis and our R¢port of th¢ Independent Auditors Ihereort.
OUT opinTon on the tinancial staicmcnrs does not cover lh¢ other informaiion and. ¢x¢¢pl 10 the exierti otherwise
explicitl). siaicd in our reporL we do not express an>. form of assuranc¢ conclusion thereon.
In connection with our audit of Ihe financial siatement5. our r¢spon5ibility is 10 read the other infom121ion tnd. ttt doing
so. consider ivhcih¢r ihe oihtr inlomiation is Inalerially inconsist¢Dt with th¢ tinancial statetnents or our knowltdge
ohtaintd in thc audil or othcrwise appears 10 bc matcriall)- mi551ared. If we id¢ntif> such mateTial inLonsisiencies or
appar¢nt rndleiial tni551alernents. we are rtquired 10 determine ilheiher this giv¢s rise to a material tnisstatemenl in the
financial siaicments themsilves. If. based on Ihe w'ork we have p¢rtortned. we cnnLlude that thert is a material
tnisstatement of this other infom)ation. we are r¢quir¢d to report Ihai fact. We haNe nuthing iu iepurt in Ihis regard.
Matter5 which we gr¢ required to report by txteption
¢ haN'e noihing lo report in resptLI of the l'ollo￿1ng mailers where the Charities (Accounts and Reports) Regulations
2008 requires u5 to r¢port to y-ou if. in oiir opinion-.
lh¢ infortna¢ion gi￿en in the Report of the Trusites is inconsaslenl in any mat¢rial respect M'ith the financial
statetnent5'. or
sutlicienl accounting r¢cords htt￿e lloi been kepi.. or
lh¢ financial 51alernents' are not in aweetnenl willi the accounting records and rewrns,. or
we ha%.¢ not rec¢iv¢d all ihc iDloitnaiion and explan&iion5 we requirt tor our audit.
Pag¢ 7

Rtport of the Indepethdtnt AudÉtors to the Trusiets of
Hull Trinity Holl5e Charity
Respon5ibiliti¢s of tru5tee5
As txplaintd mor¢ fullN in th¢ Truste¢s' Responsibilitie5 Stal¢m¢n( the trustees are re5POllsible for ihe preparation of
the financial si&rtm¢nis ￿hleh give a iru¢ and fair view. and lor such internal conirol as the trust¢¢5 deiertnin¢ is
necessary 10 enable the pKparaiion of financial statements that are fr¢¢ from material misstatement, ￿'hether diie 10
fraud or error.
In PTepatirtg the financial stsiemenis, Ihe trusiees are responsible tor assessing th¢ charilv's abiliiv lo continue as a
goinB Lollttm, disclosing. ￿ applicablc, maticrs relaitd to going concem and using the going conc¢Tn b3si5 of
accounling unless the Irustees eiiher irtiend 10 liquidaie the chariN or to ceast op¢raiions. or have no realistic alt¢rnativ¢
bul to do so.
Page 8

Report of the Independent Auditors to the Tru5tee5 or
Hull Trinity House Charity
Our responsibilities for the &udit of the fin2ncig1 stxtetnents
e hai'¢ b¢¢n appoinl¢d as audiiors under %eciion 144 of the Charities Act 2011 and report in accordance ivith Ihc Aci
and relevant regulations made or having effect thereunder.
Our objectives art to obtain reasonable assurance about wh¢ih¢r the tinancial statements as ts wholt ktt frec from
maierial misstatem¢ni, w'hether du¢ to fraud or error. and 10 155ue a R¢port of the Independent Audilots thttt includes
our opinion. R¢asonable assuranct is a high level ol. assuranc¢. bui is not a guarantee that an audit conducted in
accordancc ii'tih ISAS IUKI ￿111 alwavs derecl a maierial missiatement w'hen it exists. Misstatem¢nts can arise frorD
fraud or error and are considered maierial if, indI￿IduallY or in the aggr¢gai¢. th¢￿ could re￿onab1V b¢ ¢xpect¢d to
influence the economic decisions of users taken on the basis of these financial stateTnent5.
We ideniily and assess ihe risks of material misstalement of th¢ financial 51aleinenls. M'h¢th¢r due lo fraud or error. and
then design and pcrfomi audit proeLdurts rtsptrnsivc to ihosc risk& including obtsining audii ¢i'id¢nce that is suffici¢nt
and appropriate to provide a basis for our opinion.
Ideniifying and assessinE polenliai risks related 10 irregularities
In idenlifyin? and as5essin¥ ii5ks of rnaitrial missiaiement in resptci of irregularities, including fraud and
nnnryCOTnplianLe w'ith laws and rcgulaiions. we considcred thc following..
Audit response lo risks identified
lh¢ naturr of the indi1￿ry and secior, conirol environment and business perfOrni8￿Ce including key driver5 for
diiectors, re￿UneraliL}Th, bonus levtls and perlormance iargeis
r¢sult5 Qt our enquirie5 of TnanaEerTrL￿I and IhLir oii'n idLniificaiion and asscssmcni of the risks of irregularities.,
anv Inatters i￿e ideniified hawing (>bthined and reviewed the companies, documeniaiion of their policies and
Procedures relating to..
idenlih'ing. ¢valuating and complwing with laws and regulations and wheiher iho wcre aware of an) insianc¢s of
nonconipliance-.
d¢t¢ciing responding 10 the risks of fraud and whether ihev havc knowledge of any actual, suspected or alltg¢d
Iraud,
the internal controls csi2blished 10 miiigaie risks of fraud or non-complianc¢ with lail's and regulations..
the rnatt¢rs discussed among the audit engagemeni ieam including regarding how and M'here fraud might (Kcur in ihe
financial statetnenls and any ￿lentla1 indiiaivrs ul Iraud.
As a reslllt of Ihese procedures, we considered the opportunitle5 and inc¢ntive5 that tnay ¢xis1 within the organisalion
tor fraud and idtntificd the greaitsi potential for fraud in relaiton Fo r¢￿'£ll￿¢ d¢terra15. In common ￿ ith all 4udits under
ISAS IUKI. %%"e are also required io perferm specific proctdures to respond to Ihe risk ol. manag¢tn¢nt override.
We al%0 obiaincd an understsndino of the legal and regulatory frame￿OrkS that the cornpany o>peraits in. fo¢usinE on
piovisions of Ihvst lai¥s and regulaiiolls Ihai had a dirtcl ¢l'lect on th¢ d¢l¢rmination ol. lliaterial amounts and
di5closuies in the financial sratemenrs. The kev I&￿'S and regulaiions ￿.¢ con5ideTed in this coni¢xl included the UK
Comparties ALL UK Corpordie Goitmanc¢ Code and local t&x ltgislaiion.
In addition. w¢ consideTed pmvisions of other laws and regulations thai do not have a direct effeci on the financial
5tydtemenis bui eompliaiice with which may be fundarnenlal to the company'5 ability to operate or lo avoid a tnaterial
penalty.
Audit r¢5pons¢ lo risks identified
Our procedures lo respond lo risks idertlified included thL following..
reTrie￿.1n8 the financial slaleinenl disclosures and tesiing 10 supporting docurnentstion to assess complianc¢ with
proi'isions of r¢l¢want laiys regulaiions deseribed as having a direct tffeci on ihe tinancial 5th1emenis'
¢iiquiriDg of tnanagement concerning actual and poieniittl liiigaiion and claims..
performing anali'rical procedures to identify any unusual or unexpecttd relationships that tnav indicaie risks of
maierial misslaleinent due lo fraud-,
reading minutes ol. meeting5 of thos¢ charg¢d i&ith govemJnte
obtained an undersianding of provisions and held discussions with management 10 understand th¢ basis of r¢cogniiion
or non-recognilion of lax proi'isions. and
Page 9

Report of the Indepe]JdeTht Auditor5 to the Trustet5 of
Hull Trinity House Charity
in addTessing the risk of fraud through management override of controls, teming th¢ appTo>priaten¢55 of journal entries
dnd oihei adjusthients: assessing M'hether the judg¢m¢nls tnade in tnaking accouDling ¢stimat¢s aTe inditaliNe of a
pot¢ntial bia5, and rvaluaiin8 ihe business rationale of an). significant transaction5 that ar¢ iinu5uuI gr outside the
normal course of business.
W¢ 4150 Cotnmunicated relevartl identifiid 12ws and regulaiions and porential fraud risks to all ¢ngag¢Tn¢nt teatn
m¢tnb¢rs. and remained alert 10 any indications of fraud or noncotnplimce with la￿.8 and r¢gulatiOR5 throughout the
A further d¢scripiioll of our resptsnsibilities for the audit of the f￿ancial siatemenis is located on tht Financial
Reporting Council'% V¥cb51te at N%-%*w.fre.org.u￿alldtt￿rsrtSwnSiblI1li¢S. This description fom15 part of our Rewrt of ihe
Independ¢ni Audiiors.
U5t of our report
This report is Inade sol¢ly lo th¢ ¢harity'5 trustees. as a body. in aLcerdanct w'ith Pari 4 of Ihc Chariii¢5 (Accounts and
Reports) Regulaiions 2008. Our audit ￿Ork has been undertaken 50 thol iv¢ might 51ale 10 ihe chaTity'S Itiasices those
mallers 14"¢ are requir¢d 10 51ai¢ io th¢tn in an audilvrs, Teport and for llo othLr purpose. To the fullesi extent p¢rmitled
by law, we do not acc¢pi or assum¢ r¢sponsihilily lo an)'o[￿ other than the chzriiy and the charity's iruslees as a body,
for our audii ￿Ork. for ihis re￿rt. or for the opinion5 have lormed.
Mr Richard D Lacey
HdTris LacL)' and SIv8in
Charttrtd A¢counianis and SlatutoTr' Audiiors
The Riverside Buildiiig
l-lessle
Easi Yorkshir¢
HLi130DZ
Date".
Page 10

Hull TrtTrity House Ch2rÉty
Statemenl of FinancÈal Activitie5
for the Period 7 September 2023 to 4 S¢p¢emb¢r 2024
Period
7.9.23
P¢iiod
8.9.22
to
6.9.23
Totsl
funds
4.9.24
Total
funds
Unresiricted
funds
Restricttd
fund
En￿O￿.ment
fund
Notes
INCOME ATrID
ENDOWMENTS FROM
Dortaiions and l¢gaci¢s
350.571
350,571
278,911
Other irdding activiiies
Investment income
1.344.429
506.12)
1.344.429
510.527
.249,918
341.320
4.402
Tot#l
2.201.125
4.402
2.205.527
1.870.149
EXPENDITURE ON
Raising funds
33,433
33,433
33,991
Charitable activities
tiraiits palahle
309,995
309.995
395.329
Running tosis. HTH Academy
manageinenl & admin & invest
prop¢rtN iepails
1,363.327
3.768
1.367.095
1.250 135
Total
1,706,755
3,768
1.710.5?3
1.679.455
Nei gain5 on investrll¢n15
583,992
11.935
990.672
1.586.599
709.831
NET IYI COME
1,078.362
12.569
95Y).67?
2.081.603
900.525
RECONCILIATION OF
FUNDS
Totsl funds brought forward
17.188.617
167,781
22.632.651
39.989.049
39.088.524
TOTAL FLTNDS CARRIED
FORIVARD
18.2(O.979
180,350
23.623.323
42.070.652
39 989.049
The ntstes form part of Ihese financial siatemenT5
Page 11

Hull Trinity House Ch£rity
Statement of Financigl Positio
4 September 2024
2024
Total
fiinds
2023
Total
funds
Unrcstricied
funds
Restricte
fund
End0￿.n1¢llt
fund
Notes
FIXED ASSETS
Tangibl¢ ass¢ls
Investments
Investments
Inv¢stm¢nt PTopeo'
12
4,825,000
4.825,000
4.224.999
13
14
8,148,458
159,419
2,077.303
24.795.000
10.385,180
24.795.000
9.918.541
20.490.000
8.148.458
li9,419
31,697.303
40,(K15,180
34.633.540
CURRENT ASSETS
Dtbiors
Ca>h ai bank and in hand
174.308
10.165.868
174.308
2.112819
272,889
5.185.277
20.931
8.073.9801
10,340,176
20,931
18.073.980)
2.287.127
5.458,166
CREDITORS
Atntsunts falling due within one
y¢aT
16
1221.6561
1221.6561
1102.6571
NETCURRENT ASSETS
10,118,521
20,931
8,073.980)
2.065.472
5.355 509
TOTAL ASSLTS LESS
CURREPIT LIABILITIES
18,?66.979
180,350
23,623.323
42.070.652
39,989.049
NET ASSETS
18.266,979
180,350
23,623,323
42,070,652
39,989,049
FUNDS
17
Unrestricied funds
Reslriclcd futtd5
End0￿ment funds
18.266,979
180.3iO
2).623.3?3
17,188.617
167.781
22,632.651
TOTAL FUNDS
42.070.6i2
39.989.049
The financial ￿ateMentS ￿tre approved by the Board of T￿￿eeS and auihorised for issue on
..Q.4../Q.￿. j.X.02th . and M"er¢ 518n¢d on ils behalf by..
Captai
CCW Toivne
Caplain JD Robinsott
The notes form part of these fjnancial statetnenls
Page 12

Hull Trinity House Charity
Sritement of Cash Flow5
for tht Period 7 Septtmber 2023 to 4 September 2024
PcTits
Period
7.9.23
8.9.22
lo
10
4.9 24
6.9.23
Notes
CA5h flow5 from operating gctivities
Cash g¢nerJied from operations
202.055
2,405.69)
N¢1 cash pro￿lded bv operating activitie5
202.055
2.405,695
Cash llows from investing activiti¢5
Purchas¢ olfixed ass¢t investments
Purchase Ot investment property
Sal¢ of fixed ass¢t ini'¢stments
Sale ot inN¢slinent prop¢rty
Interest rec¢iv¢d
Dividends receiv¢d
11,045.6171
14.561,0921
941.173
i10,tM)o
170.260
340,268
11.779.774)
1549.7351
1.016.084
92,500
41.190
300 133
Nci cash used in investing activitle5
13.645.008)
1879.603}
Change in cash rash equivalent5 Iti
the reporting period
C£5h llnd c&5h equivilents gt the
beEinJJing of tht reporting period
13.442.950)
l.i211.674
6.422.734
4,894.060
C.-a5h and c&5h equivilethts at the end of
the reportiTrg period
2.979.784
6.422.734
The noies form part of th¢5¢ fInanri#l statements
Page 13

Hull Trinity House Charity
Notes to the Statement of Ca$h Flow5
for the Period 7 September 2023 to 4 September 2024
RECOINCILL4TION OF NET INCOME TO NET CASH FLOW FROM OPERA TING
Af.TIVITIES
Period
7.9.23
Period
8.9.22
to
10
4.9.24
6.9.23
Net income for the reporting period las per the St8lem¢nt of Fin#ntiil
495.(M)4
190,694
Adj￿$t￿entS for..
Depreciation charges
Inieresi r¢LeiYed
Divid¢nds receiNed
De¢re￿e in dcbtors
Incrtzselldecrcascl irt creditors
1170,2601
1340.2681
98.i80
118.999
141.1901
1300.1291
2,616.784
60.464
Net ta5h provided by operations
202 055
2.405.695
ANALYSIS OF CHANGES IN NET FUNDS
Al 7.9.23
Cash flow
Ai 4.9.24
Net CAsh
Cash ai bank and in hand
Invetsimtnts- dtsignaied bank deposits
5.185.277
1.237.4i7
13.072.458)
1370.49?)
2.112,819
866,965
6.422.734
13,442,950)
1979.784
Toi*l
6.42? 734
3.442.9501
? 979.784
The not¢5 form part of th¢$e financial SLltemertts
Page 14

Hull Trinity Hou$t Chirity
Notes to the Financial St&tements
ftbr the Peri(kd 7 Septernbtr 21)23 10 4 SÈptÈmbtr 2024
ACCOUNTING POLICIES
Bisis of preparing tht fjnancial statements
The finartLial siaicments of the charit}'. i¥hicli is a public benefit eniity under FRS 10? have b¢en pr¢par¢d ID
accoidancc with Ihe Charities SORP IFRS 1021 'Accouniing and Reporring bj Chariiies.. Siatem¢nt of
Recornmended Praciice applicable 10 charities preparing Iheir accounts in accordance wilh ihe Financial
Reporting Standard appliLable in Ihe UK and Republic of Irtland IFRS 1021 lelltctive l Januarj. 20191,,
FinancTal Reporting Standard 102 The Financial RLPOrting Standard applicablc in th¢ UK and Republic of
Ireland, and Iht Charities Act 2011. The financial siatemenis have b¢¢n prepared under Ihe historical cosl
convention. with the exception of invesitncnls S￿h1¢h are ineludtd at markei fvaliie, as modified bv ihe
revaluation of ¢ertain assets.
In¢om¢
Income received for ser￿.1¢¢S provid¢d is accounted for on an accruals basis.
Cash donations. gift5 and l¢ga¢ies are iDtluded in full in the ittcome and expenditure accouni a5 the￿ are
r¢c¢iv¢d. Anv significant non-cash donaliuns are inLluded in Iht incomt and expendiiure account ai lh¢ Irusiees.
esiimate of their market baliie when received. The valu¢ of voluDlary' h¢lp 15 not included in the accounts.
Grants and oih¢r fi]nding of a rtv¢nue nature are deferred and released to the income and ¢xpenditur¢ account
over ihe period to w'hich ih¢y relate.
Bank inierest is included in the incom¢ and ¢xp¢nditure arcount on on accruals basi$.
Chaiiges in the lair Yalu¢ ot inv¢stin¢nls ar¢ r¢rogni5ed as incotne or expcnditurt in the Siaiemeni of Firtaneial
Expenditure
Liabiliiies are reco>gnibed o expenditure ds sourt as Iheie is a legal or eonsiruciive obligaiion commiiiing the
chariiv 10 that expenditure. it is probable that a transfer of cconotnit bcntfits M'ill bt required in settlemeni and
thc amount of the obligation can b¢ m¢U5UTed TeliJblN'. Expenditure is accounted lor on an accruals b￿lS and has
been classified undeT headinE5 thai oBBngaie all eosi related 10 the category. Wher¢ costs iannoi be dir¢ctlv
attribut¢d to particular headings thev have been allocaiLd to aciiviiies on a b￿15 COtISlSt¢ni wilh the use of
r¢sourLe5.
Grants offered subj¢cl to tortditions which have noi been mei ai iht Jtar end dale are noted as a commiimtni bui
not accTued as expenditure.
Tangible fixed asset5
Fixed 255ets- offtie equipment and ponttsort5
D¢pr¢ciation is calcula￿d bi reference 10 cosi after Ihe dtductioll of estimaied residual i'alue ai a Tale e5timai¢d
lo wri1¢ off th¢ r¢leTranl ass¢1 ov¢r its expected useful life, taking iniv dLLuunl nvmial commercial and technical
ob501¢5¢¢nc¢
The exp¢¢led useful lif¢ is..
Pontoons
Compuier ¢quipmenl
Orher eouiptneni
5 years
3 year5
5 year5
Individual tIKed assets costing £500 or nJor¢ capitali%d at cost. Freehold land is not depreciaied.
Fixed as5¢ts- fr¢¢lJold land atld buildings for own use and ini'e51mcnl properties
Freehold propert1¢5 boih tor own use and investsnertt properties have been valued bs Mcssrs Pcnrost
Commercial aiid Messrs Cuiida115. both qualified Chartered SuTveyui> un an open markei value basis. Freehold
properiies for own use are valued 5 >'¢ars but du¢ lo the fluctuation in the markei valuarions ii Th'as decided
to rei'alue at ihis Jear-end. Investm¢nt properties aTe reyalued annually.
Page 15
continu¢d.

Hull Trinity. Hovse Chirity
Note5 to the Financial Stxtetnents- contirtued
for the Ptriod 7 September 2023 to 4 September 2024
ACCOUIYTING POLICIES- tontinued
Tangible fixed assets
The valuations ￿'¢re undertaken in accordance with the Royal In51itulion ol. Chartered SuTveyoF$ Appraisal and
revaluaiion Nlanual.
DLpreciaiion is charoed by cqual annual instalments commencillg ivith the year of acquisilion for 3 period ot 50
vear5 bcing ati cstimaie of the eApeeied uselul lives ot. Ihe buildings. except tor ihe inv¢strn¢nr prop¢rt1¢5 ￿h1¢h
are not depreciakd.
The following properties are noi held for investment purposes.
Offices, Workshop and ChRpel
Thes¢ front onto Trinity HOU￿ Lane and on the nerth side of Posterngaie and are used for Ihe general
adtninisitatioft of Iht House.
Rest Homes, Anl*by High Road
These are occupied by lh¢ per50ns in need M"ho tneet the Criteria sel by Ihc Tmsiccs.
Tht W¢lton Waters Adventure Centre
'rhi5 propert) lias been used b￿ the Charity in aCLordance wilh ihe powers for such use.
Fixed As$ets quoted securities
The quoied S¢CUTIt1¢5 ar¢ Tralu¢d ai tnarket value, based on the mid-point of (he quothiion in the Stock Exchange
Dail￿ oi'ficial list or sirnilar recognised tnarkel value. Realised and unrealistd gains and losses on sale or
valuation ot inv¢5tmen13 are tak-en lo the S￿le[￿ent of Financial Aciivitics in Ihe period in which the> arise.
Investments
InN'¢5¢tn¢nls both ¢UTr¢nt and fixed are included ai fair value %Trithin the accounts.
Investment property
Invesimerti propertv is shoi¥n ai mosi reetni valuaiion. .4ny aggregate surplu5 or deficit arising from changes in
fair value 15 recognised in thc Statement of Financial Acrivities.
Taxstion
Th¢ is exeTnpl from tax on its charitabl¢ activities.
Fund accounting
Unrestricted funds are Ihose availablt for use ai the discreiion ofr the Trustees in funherance ot general
objectives ot'the charit) ond which have noi been dcsignaied lor other pu￿)0$¢$.
Designat¢d lund5 rornpri5e unrestTicied funds thai have been sei aside by (he Trusiees for particular purposes.
Th¢ aitn and use of each design21ed fund is set our in ihe notes to the ffinancial stat¢menis.
Restricted funds are funds which are 10 be used in accordance ii'ith specific reslriclion% imp95¢d by doDof5 or by
Ihe Sch¢rn¢ apprO￿¢d b). th¢ Ch3ritJ Cotnmi$8ion. The aim and ust of cach restrici¢d fund is Set oui In the lloic5
io lh¢ financial statements.
The Endowment fund r¢presents those asseis which much bt htld permanentSy. Income gen¢rat¢d bi. the
Endowment lund is unr¢slricl¢d
Invesitllent incorne and gain￿(1053¢5I are alloLaied to the appropriate fund.
Debtors
Debtors includ¢ afftounts owed lo th¢ rhariti" for the provision of services or amounts the charity has paid in
advance for the good5 and services it Th'ill Teceive.
Debiors are measures ai iheir recoverable amounts.
Page 16
contlDued.

Hull Trinity Hous¢ Charity
Note5 ¢0 the Financial Statements- continued
for the Period 7 September 2023 t• 4 September 2024
ACCOUNTING POLICIES- eotttinutd
Resource éxptndtd
All expendilurc. including anv irrece¥eiable VAT. is aceounied for on an accNals basi5 and has be¢n classified
under headings Ihai aggregait all costs related 10 Ihc caitgorN'. Where cos15 cannot b¢ dir¢cily attribui¢d lo
yarticiilar hcadin85 the> hai'e bccn allocated lo activjtics on a basis consisienl whitt the use of the resources.
Creditor5
A liabilit￿. is r¢cogni5ed tor the wnount that th¢ chority anticipates il will pay 10 settle ihe debi or the amount li
has received as an adi'allce paymeni for the services it must provide. Liabiliiies ar¢ tneasured at their 5¢111em¢ni
amount.
Grants payable
Grants payable iiicluding th¢ amounts paid to retired tnariner5 and their depcndanls are accounitd for in full as
liabilitits of iht charity when approl'ed bj th¢ Trusie¢s and accepted bv the benefiriaries.
Support CDSts
Support cosis compris¢ th¢ direct cost8 including staff. attiibutable 10 charitable a¢tiviii¢s. Supwft cusis have
cn apportiotjed on the basis of staff time.
Governance cost5
Govtmanc¢ costs incli￿¢ exp¢ndiiure on adrninisiration of the Chari15" and compliance wilh consiitutional and
siatuior> rcquircmcnls. including audit and legal fees.
Estimates and judgements
Esiimatts and jiidgemeiiis are coniinualli. ¢valual¢d and ar¢ ba5¢d on historical experiencc and other factor&
including expectations of fuwre ei'enls thai are beli¢v¢d lo b¢ r¢8wnable under the cirtumsiances. Although
Ihcse estimaies are b￿¢d on the Dir¢ciors' btsl knoi%'ledg¢ of the atnoiinl, eienls or aLlions. d¢ludl results
ultimaiely differ frorn Ih¢s¢ estimate5. Th¢ Dir¢ctor5 do not con5ideT there to be any maitrial cstimatcs and
judgements.
Finirtti*l instrumenrs
Tht coinpaD>' onl}. has financial a55els and financial liabtlilies of a kind ihai qualifv as basic financial
instruments. Basic financial instrum¢nt5. including Itade and tsiher debiors and crtdiiors, are iniiiallj r¢cognis¢d
at iransaciion i'alu¢ and subsequell¢lv tneasured al IheiT settlemertl value.
CAsh and cash equivalents
As ai the y¢ar ¢iil die Charitv held a portion of ils cash Teserves within high inieresi. inveslmeni aciounis. Due
ro their highly liquid naiur¢. th¢s¢ hav¢ b¢¢n included within Cash ai bank and in hand.
DONATIONS. LECACIES AND GRANTS
Period
Perii)d
8.9.?2
lo
6.9.?3
7.9.23
4.9.24
Donations
Grants
3)8
350,213
23.693
255.218
350,571
278.911
Pa8e 17
ontinued...

Hull Trinity Hous¢ Charity
Notes to the Financial Statements- continued
for the Period 7 September 20Z3 to 4 Sept¢mb¢r 2024
OTHER TRADING ACTIVITIES
Period
7.9.23
P¢riod
8.9.12
4.9.24
R¢nlal income
1,344,429
1,249.918
INVESTMENT INCOME
Period
7.9.23
P¢riod
8.9.22
to
6.9.23
4.9.24
Income from quoted invtsimenis
Bank aiid oiher deposiE Illt¢r¢st
340,268
170.259
300,13)
41.185
510,527
341.320
41SING FUNDS
ItLve5trnent Tnansgement ¢0sts
Period
Period
7.9.23
8.9.22
to
6.9.23
4.9.24
Portfolio rllallagemeni
33.433
33.991
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Support
costs Isee
notc 81
(set nott
71
Toials
Granis payable
396.137
86.1421
509.995
Page 18
ontinued...

Hull Trinity House Charity
Notes to tht FiTrancial Statements- eontinued
for the Period 7 September 2023 to 4 September 2024
CRANTS PAYABLE
Period
7.9.23
Period
8.9.?2
to
6.9.?3
to
4.9.24
Granis paN'able
396.137
395.329
The total grants paid 10 insiilUlion8 during the period was as follo￿'S..
Period
7.9.23
Period
8.9.22
io
4.9.24
6.9.23
Grants lo snstilulions- HuEnb¢r Seafearers
5(K>
500
The totsl 8ranis paid 10 individuals during (he p¢rii)d was as follo￿.$..
Period
7.9.23
lo
4.9.24
Period
8.9.22
to
6.9.23
Retired mariners and Ihetr dcpendanis
Suppurl LOSIS
309.495
86.142
311.336
83.493
395.637
394.8?9
SUPPORT COSTS
Ciovemanee
cogis
Managemertt
Totals
(hh¢r resources ¢xp¢nded
Grants pavabl¢
1,353.186
186.1421
13,909
,367,095
86.1421
1.267.044
13.909
1.280.953
AUDITORS, REMUNERATION
Period
7.9.23
Period
8.9.22
10
ro
4.9.24
6.9.23
Fees pavable lo the chaTity'5 auditors foT ihe audit of the chariiy's financial
siatem¢ll
Audito￿, r¢mun¢raiion for non audit v4.ork
10.328
3,581
9,983
3,454
Pag¢ 19
continued...

Hull Trinity House Charity
Note5 to the Fithantial Statements- continued
for the Period 7 September 2023 to 4 September 2024
io.
TRUSTEES. REMUNERA TION AND BENEFITS
There were no trusi¢¢s' retnun¢ration OT Qth¢T b¢nefilS foi the peTiod ended 4 Septembtt 2024 nor for Ihe period
ended 6 September 2023.
Trustees. txpenst5
There i¥ere no Irust¢¢s' expenses paid for th¢ PeTiod ended 4 September2024 nor for tht pttiod ended
6 Scplembci 2023.
STAFFCOSTS
2024
2023
Wag¢s and salaries
Social securilv costs
her p¢n5ion costs
828.218
823,417
70.449
65.679
60.569
960.633
959.545
The number of employees ivhosc tmoluments. excluding pension coniribulions, fell ivithin the followin? T2nBes".
2024
2023
£65,000 10 £75.000
The average monthly numberof cmployees durlng ihe period was a5 follows".
Period
7.9.23
Period
8.9.22
lo
6.9.23
to
4.9.24
Rtsi hL)mes
Support slaty
23
27
38
The Charity operat¢5 a d¢tin¢d contribution pension scheme. Contributions payable to Ihe Charity 5 p¢nsio
scheme are charged to the Statement of Financial ALliYiiies in Ihe period lo which Ihey relate.
Those pension contributions paid itt the year were £60,56912023.. £65.6791.
Key management p¢r50nnel TeTnuneTation in the year w&$ £101,052, included in this figure is employ¢rs nationAI
insurance contribuiions and emplov¢rs p¢n5ion conlribulions.
Page 20
continued...

Hull Trinity House Charity
Notes to the Finatt¢ial Statements- continued
for the Period 7 September 2023 to 4 September 21n4
12.
TANGIBLE FIXED ASSETS
Fixtures
advtniurL
eentre
equipment
Freehold
properry
riltings
Pontoons
Totals
COST OR VALUATION
Ai 7 Sepiembcr 2023
Revaluations
4.225,WO
600.000
125.458
27,063
43,58i
4,421,106
600.000
Al 4 Septetnber 2024
4,82)
12i,458
27,063
5021 106
DEPRECIATION
At 7 Sepi¢nib¢r 2023 and
4 Sepiernber 2024
125,458
27.063
43.585
196.106
NET BOOK VALUE
Ai 4 Scpiembcr 2024
4.8?5,000
4,8?5,000
At 6 September 2023
4.225.000
4 225.000
Properties iyere valued on an open markei exi￿lllg use basis on 4 Stpiernber 2024 hy Iwu independÈnl professionall>
qualifiLd I'alutrs i¥ith experience ￿lIhin the local property Inark¢t .1 hose i'&luer5 M'cre. Cundalls. Malioii and Pcnros
Cotntnetcial, Hessle.
All assets are stated using the rcialuaiion rnodel.
Historie revaluaiions of property..
Valuation in 2023 £4,225.WO
V&lu21ion in 2022 £3.9iO.WO
Valuation in 2021 £8,750.WO
13.
FIXED ASSET INVESTMETr4TS
Cash and
sclllcments
pending
Lisi¢d
invesimenis
Totals
MARKET VALUE
At 7 Sepi¢mber 2023
Addiiions
Disposals
Revaluations
8,681.088
1,045,616
1927.8821
719.393
?37,454
9,918.541
1,045.617
1927.8821
348,904
370.4891
Ai 4 September 2024
9,518,?15
866.965
10.385.180
NET BOOK VALUE
AI 4 S¢pitrnbei 2024
9518.215
866.965
10,385,180
Al 6 September 2023
8681,088
,237 4i3
9.918.541
Pag¢21
continued...

Hull Trinity House Charity
•tes to tht Finxntial Statements- continued
for the Period 7 September 2023 to 4 September 2024
13.
FIXED ASSET INVESTMENTS- contin¥ed
Regional Breakdown
Extraordinary Repair Fund
UI
46010
250/
North America
Europc
Oiher
Japan
Rell of the W'orld
Y/0
Endowment Fund
UK
4V/.
260/
V/v
7/
2/•
North America
Euiope
Other
Japan
Rest of the World
Reserve Fund
UK
NDrTh Atn¢ri¢a
Europe
Other
japan
Rest of the 14'orld
470/
26/p
20/.
14.
INVESTfvIENT PROPERTY
FAIR VALUE
At 7 %epiembeT 2023
AddiLiOIIS
Disposals
Revaluaiton
20.490.000
4,i61.092
1150.0001
106.09?)
Ai 4 S¢ptemb¢r 2024
24.795
NET BOOK VALUE
Ai 4 September 2024
24.795.000
Al 6 SeptetnbeT 2023
20,490.000
Page 22
continued...

Hull Trinity House Charity
Notes to the Financial Statement5- rontinued
for the Period 7 September 2023 to 4 September 2024
15.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
VAT
41.407
74.332
189.165
15.547
6.070
62.107
P￿PaV￿¢nts
58,569
174,308
272,889
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade cr¢dito>r5
Taxaiion and s(Kial security
Other cr¢diior5
149,196
44.243
28.217
74,741
27,916
221656
102.657
17.
MoveMENT IN FUNDS
Ntl
movement
in funds
At
4.9.24
At 7.9.23
Unrestritted funds
Reseive fund
17,188,617
1.078.362
18.266.979
R¢51ricted futtds
Prilc funds and bequesis
167.781
12.569
180.350
Endowmttht furtds
Endowtnent fund
22,632,651
YJU,672
23.623,323
TOTAL FUNDS
39,989,￿19
2.081.603
42.070.652
Net movemeni in funds, included in the abov¢ are ￿ follow5..
ItLcomitJg
r¢sourc¢s
Resourc¢s
expend¢d
Gains artd
105se5
Movement
in funds
Unrestritted funds
Reserve fund
2,201.12)
11,706.75))
i83,992
1,078,362
Rtstricted futhds
Prize tunds and bequtsts
4,402
13,7681
11.935
12,569
Endowment fund5
Endowment fund
990.672
990.672
TOTAL FUNDS
2.205.527
1.710.523)
1.586.599
2.081,603
Page 23
continued...

Hull Trinity House Chgrity
Notes to the Financial St4tements- continued
for the Period 7 September 2023 to 4 September 2024
17.
MOVEMEI*4T IN FLNDS- contihutd
C(kmparative5 for DJovém¢llt in funds
Net
movemeni
In fut)ds
Ai
6.9.23
Ai 8.9.22
UDrestricted funds
Reservc fund
17.351.540
1162.9231
17,188.617
Rtstri¢ted funds
Prize funds and bequests
143.380
24.401
167.781
End0wme￿t funds
Endowment fund
21.593.604
1.039.047
22.632,651
TOTAL FVNDS
39.088 524
59.989.049
Comparative nei movement in funds. included in the above ar as follows".
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestritted funds
Reserve fund
1,842.884
11.678.687)
1327.1201
116?.9231
Re5tricttd *ynd5
Priz¢ funds and b¢quest5
27,265
17681
12,0961
24,401
Endowment fund$
Endoi4'inent lund
1.039.047
,039.047
TOTAL FUNDS
1,870.149
11.679,4551
709.831
900.525
Tangible fjxed
sets
N¢1 curr¢nt
as%15
Investmen15
Total
Endowmeni fund
4,825,000
26,872,303
18.073,9801
23,623,323
R¢5tric¢ed funds
Prize fuuds and b¢que5ts
180,352
180,352
Unre$tricted fllnds
Re￿rY¢ tund
Rest horne funds
Property repair tuDds
2.849.185
1,925.394
3.352,946
3.828.229
.959,950
4.351.312
6.677.414
3,885.305
7.704.2i8
4.825.000
35.180.180
2,065.471
4? 070,652
Page 24
coniinued...

Hull Trinity House Ch*rity
Notes to the FithAtttig1 Statements ¢Olltinued
(or the Period 7 September 2023 to 4 September 2024
18.
RELATED PARTY DISCLOSURES
Hull Trinity House comprises Ihr¢e s¢parate l¢gal enlities. Th¢ Corporation of Trinitv House in Kingston upo
Hllll, Hull Trinity House Charity and Hull Triniri House Fund. The thr¢¢ organi5atlOll5 5har¢ a s¢cr¢lJrial whi¢h
Larries out eommon adminisiration of the enittits. Costs are shar¢d bttw¢¢n th¢ Ch￿11> and th¢ Corporalion. In
caLh Instance a Board ol'Trusiees overste Ihe organisaiions. "the boards £ornpri5e ot. Ilie Warden. Llder Br¢ihr¢n
and Assisiattis of Triniti. House itt Hull.
19.
ENDOWMENT FUND
The fund 15 itnplicd by the Schemes approved bj the Chariry Commissioners and M'a5 initiallv wul￿alent to the
value of the originaiillg InVe￿ments.
The capital tannoi be used exetpl under a sptcial Scheme approvtd by th¢ Charity Commission¢rs but the
incotn¢ can be u$ed ftsr gener￿ purposes.
The endowment fvnd ItprtKnt5 Ih05e 85Sets which much be held pemianentlv. principall! the freehold
properli¢s both for inv¢stsnents and use. Income arising cdn be ustd in aecordance wilh Ihe objects ol Ihe
Charity. Any capital 5urplu5¢s or103s¢s arising on the investments form part of Iht fund.
20.
RESTRICTED FUNDS- PRIZE FUNDS AND BEQUESTS
Th¢5¢ funds represeiil donations and bequests io provide annual prizes for Iht pupils ai the Hull Trinity House
School oui ot'capital an￿Or inrom¢.
21.
UTrIRESTRICTED FUNDS- RES8RVE FUND
This fiind was set up under the Schemes appiuved bv Iht Charitj Cominisslon¢￿. being the accumulaiions o(
incom¢ trom ¢arli¢r years to i￿h1Ch additions have been made oui of laicr income surpluscs.
The capital aiid income tart be used for general purposes.
The reSer￿e fund repre5ertls the fTee tesertres ofthe Chariiv which are noi designaied for particular PUFWS¢S.
21.
UNRESTRICTED FUNDS_ REST HOMES FUND AND PROPERTY REPAIR FUND
These d¢signttt¢d are subject to the Schemts approved bj th¢ Charitv CotnrtLission¢rs.
Th¢ capital and income be used for Ihe designaied purposes.
Th¢ tunds are rnaintain¢d to ¢n5ur¢ Ehal an appropriate level of resources are retained io meet the costs of ihe
extratsFdinaFV repair& improvemtnis or rebuilding olihe R¢51 Hom¢5 and th¢ oiheT PTop¢rty of the charity.
Pa8¢ 25

Hull TriThity House Charity
Detailed Stgternent (bf Finoncial Activities
for the Period 7 September 20Z3 to 4 S¢pt¢mb¢r 2024
Period
7.9.23
Period
8.9.22
to
6.9.?3
10
4.9.24
INCOME AiYD ENDOWNIENTS
Donations and legacie5
Donai&ons
Grdnls
358
350.213
23.693
25).?18
350.571
278,911
Other triding activities
Rental income
1,344,429
1,249,918
lJJvesÉmtnt income
Incoin¢ from quoted investtnents
Bank and other deposit interest
340.268
170.259
300.135
41.185
510.527
341320
Total incoming resource5
2.205,527
1,870.149
EXPENDITURE
Investment manggement costs
Ponlolio ￿anagern¢nt
33.433
33.991
ChAritable activititS
Grants lo institutions
Grants to individuals
500
395.637
5(K)
394.829
396.137
395.3?9
Support Costs
Management
In¥¢stilleni prop¢rty r¢pairs and ¢xp¢ns¢s
Running c05r5- alrnshouK5
Trinity House Acade[n￿.
Support costs
643.466
26.649
22.645
574.284
656,491
55.659
25.709
496.?56
1,267.044
1 ?34.116
Other
Computer equipmeni
2,582
Govtrnanee tosts
AudiloT5' tctnuntiation
Cartied forward
10.328
10.328
9,984
9,984
This pag¢ does not form part of the statutorv financial ￿atrI￿C￿ls
Page 26

Hull TriNity House Charity
Det&iltd Statement of Financial AetÈvitie$
for rhe Period 7 September 2023 to 4 September 2024
P¢riod
7.9.23
P¢riod
8.9.22
to
4.9.24
6.9.23
Govtrnante costs
Brought fori¥ard
Auditors, remuneraiion for non audii ￿Ork
10,328
3.581
9,984
3,454
13.909
13,438
Total resourLes expended
1.710.523
1.679.4i5
Net intome before gain5 and 105se5
495,￿4
190,694
Realised rt¢ognised gain5 and losses
RLaliscd gain4llossts1 on filed asset inv¢stm¢nts
1.586.599
709.831
Net klltome
2.081.603
900.525
This page does noi lorm part of th¢ ststutorv financial statemenls
Page 27