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2022-04-30-accounts

REGISTERED CHARITY NUMBER: 223669

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Financial Statements

30th April 2022

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Contents of the Financial Statements for the year ended 30th April 2022

Page
Trustees’ Report 1 to 4
Report ofthe Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19
DetailedStatementofFinancialActivities 20 to 21

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Trustees’ Report

for the year ended 30th April 2022

The trustees present their report with the financial statements of the charity for the year ended 30th April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective has been the continued care and welfare of the residents, to provide them with a safe, sociable and friendly environment in order to give them the best possible life in their latter years.

Strategies to achieve the year's objectives

These include the continued close involvement of the trustees and the executive management team. The trustees, in addition to attending regular meetings, make random monthly visits to monitor the performance of staff, the maintenance of the buildings, grounds and equipment, and to ensure that the overall wellbeing of the residents is being maintained at the highest possible standards.

ACHIEVEMENT AND PERFORMANCE

Charitable activities for the public benefit

The principal charitable activity in the year remained the provision of care and accommodation for residents. The charity fulfilled its objectives and carried out its aims for the public benefit by providing accommodation and care for elderly ladies of reduced circumstances. The average number of residents during the year was 28 (2021 25).

The Covid-19 pandemic as continued to negatively impact the Charity. The Charity has monitored the situation closely, putting in a raft of measures to ensure the safety of residents, staff and visitors, and also taking advantage of some support measures available to ensure that it is in a stable financial position and has measures in place in case of further disruption due to the outbreak.

FINANCIAL REVIEW

Principal funding sources

The amount of income received from fundraising and donations is insignificant. Reliance is placed on contributions from residents and investment income.

Investment policy and performance

There are no restrictions on the Charity's power to invest. The investment strategy is set by the trustees and is reviewed by them annually. The trustees consider the income requirements, the risk profile and the stockbrokers view of the market prospects in the medium term. In the year the trustees continued with their investment policy for medium capital appreciation and medium income.

The charity's investment fund totals £4,116,757 (2021 £4,054,411) which includes amount held in cash by the investment managers of £325,406 (2021 £320,397) at the balance sheet date. Investment income in the year totalled £86,132 compared to £85,951 in 2021.

Page 1

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Trustees’ Report

for the year ended 30th April 2022

FINANCIAL REVIEW

Reserves policy

It is the trustees’ opinion that amounts invested should be maintained in order to provide investment income in future years. The trustees therefore regard the net current assets to be the free reserves which are available for the day to day running of the Home of Rest. It is the objective of the trustees to maintain the free reserves of the Charity at a level which equates to approximately three months expenditure. The trustees periodically review future expenditure against the level of net current assets and draw down from or add to the investment portfolio, as necessary, to achieve the targeted level of free reserves. At 30 April 2022 the free reserves were £210,508 (2021 £133,494) and the trustees are continuing to monitor the position. Total funds carried forward totalled £5,352,631 (2021 £5,177,966) split between Unrestricted funds of £5,335,011 (2021 £5,160,346) and Endowment funds of £17,620 (2021 £17,620).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

This was created under clause 8 of the Will of the late Rt. Hon. T R Ferens in which the dwelling house, gardens and paddock known as Holderness House were settled upon trust in perpetuity as a Home of Rest (the "Permanent Endowment"). The main legacy was under clause 10(i) of the Will, which provided a fund for the maintenance, repair and upkeep of the dwelling house, buildings, gardens and grounds thereof and other atiributable expenditure (the "Unrestricted Fund") to which have been added profits on sale of investments. The income is to be used for the general purposes of the Charity, essentially provision of accommodation for gentlewomen in reduced circumstances. The trustees of the Charity were incorporated as body under the Charities Act 1993 on 2nd February 1994.

Recruitment and appointment of new trustees

New trustees are appointed by invitation of the existing trustees. There is no formal policy for the introduction and training of trustees, but discussions are held with potential trustees to inform them of their duties and responsibilities.

Organisational structure

The Charity is under the control of the trustees who meet a minimum of every three months to discuss the strategy, policies, financial matters and general running of the Charity. The day to day running of the Home of Rest is delegated to a professional management team.

Under an order dated 1st February 1996 the trustees have the power to appoint an investment manager and to delegate to him discretionary power in relation to the management of the Charity's investments. By the same order the trustees have the power to appoint a corporate body as a trustees’ nominee to hold the investments of the Charity. The trustees have appointed Pershing Securities Limited to hold the investments of the Charity as their nominees.

Key management remuneration

The trustees consider the board of trustees, CEO, clerk to the trustees and matron as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give their time freely and no trustee remuneration was paid in the year. The pay of key management personnel is reviewed annually at board level and is set in accordance with experience, responsibility and performance.

Related parties

Included in governance costs is trustees indemnity insurance premiums of £1,500 (2021 £1,500) relating to the year ended 30 April 2022. Other transactions with related parties are disclosed in note 15 to the financial statements.

Page 2

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Trustees’ Report for the year ended 30th Apri! 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

During the year the trustees have considered and identified the major risks to which the Charity is exposed. This involved identifying the types of risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence and identifying means of mitigating the risks.

The Charity's systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. The trustees are satisfied that the systems in place mitigate their exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 223669

Principal address Holderness Road Hull East Yorkshire HU8 8QX

Trustees

A J Beharrell (Chairman) C Lightowler RM Miles | McIntosh S$ Crum A Barber

CEO D P Naughton-Doe

Clerk to the Trustees Mrs M Wilson

Matron Mrs W M Jones

Auditors Smailes Goldie Chartered Accountants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA

Bankers NatWest Bank Plc 34 King Edward Street Hull HU1 3SS

Page 3

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Trustees’ Report

for the year ended 30th April 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Stockbrokers Rathbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW

TRUSTEES’ RESPONSIBILITY STATEMENT

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 14th September 2022 and signed on its behalf by:

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AYee - Trustee
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Page 4

Report of the Independent Auditors to the Trustees of / Holderness House Opinion We have audited the financial statements of Holderness House (the 'charity') for the year ended 30th April 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 5

Report of the Independent Auditors to the Trustees of Holderness House

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may havea direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011, care quality legislation, tax legislation, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

Page 6

Report of the Independent Auditors to the Trustees of Holderness House

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities {Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might state te the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Smailes Goldie Chartered Accountants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA

14th September 2022

Page 7

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Statement of Financial Activities

for the year ended 30th April 2022

2022 2021
Unrestricted Endowment Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities 3
Residents contributions and rents 991,955 - 991,955 788,479
Investment income 2 86,223 - 86,223 86,209
Other income 2,200 - 2,200 -
Total 1,080,378 - 1,080,378 874,688
EXPENDITURE ON
Raising funds
Investment management costs 4 16,394 - 16,394 14,312
16,394 - 16,394 14,312
Charitable activities 5
Staffand agency costs 768,430 - 768,430 698,221
Premises running costs 169,042 - 169,042 98,675
Residents direct care 46,013 - 46,013 34,491
Administrative support costs 74,096 - 74,096 95,863
Depreciation 10,303 - 10,303 8,970
Total 1,084,278 : 1,084,278 950,532
Net gains on investments 178,565 - 178,565 672,925
NET INCOME 174,665 - 174,665 597,081
RECONCILIATION OF FUNDS
Total funds broughtforward 5,160,346 17,620 5,177,966 4,580,885
TOTALFUNDSCARRIEDFORWARD 5,335,011 17,620 5,352,631 5,177,966

The notes form part of these financial statements

Page 8

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Balance Sheet

30th April 2022

2022 2021
Unrestricted Endowment Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 10 1,007,746 17,620 1,025,366 990,061
Investments 11 4,116,757 - 4,116,757 4,054,411
5,124,503 17,620 5,142,123 5,044,472
CURRENT ASSETS
Debtors 42 9,959 - 9,959 4,959
Cash at bank and in hand 250,860 - 250,860 167,300
260,819 - 260,819 172,259
CREDITORS
Amounts falling due within one year 13 (50,311) - (50,311) (38,765)
NET CURRENT ASSETS 210,508 - 210,508 133,494
TOTAL ASSETS LESS CURRENT
LIABILITIES 5,335,011 17,620 5,352,631 5,177,966
NETASSETS 5,335,011 17,620 5,352,631 5,177,966
FUNDS 14
Unrestricted funds 5,335,011 5,160,346
Endowment funds 17,620 17,620
TOTALFUNDS 5,352,631 5,177,966

The financial statements were approved by the Board of Trustees and authorised for issue on 14th September 2022 and were signed on its behalf by:

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Ai - Trustee
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(WuWu tor RM Miles--Frestes———

)

The notes form part of these financial statements

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Cash Flow Statement

for the year ended 30th April 2022

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||||||||| |---|---|---|---|---|---|---|---| |2022|2021| |Notes|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|1|(56,880)|(147,202)| |Net cash|used|in|operating|activities|(56,880)|(147,202)| |Cash|flows|from|investing|activities| |Purchase|of tangible|fixed|assets|(45,608)|(4,240)| |Sale|of|fixed|asset|investments|100,000|-| |Other|movements|in|investments|(175)|-| |Interest|received|91|258| |Dividends|received|86,132|85,951| |Net|cash|provided|by|investing|activities|140,440|81,969| |Change|in|cash|and|cash|equivalents| |in|the|reporting|period|83,560|(65,233)| |Cash|and|cash|equivalents|at|the| |beginning|of the|reporting|period|167,300|232,533| |Cash|and|cash|equivalents|at|the|end| |of the|reporting|period|250,860|167,300|

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The notes form part of these financial statements

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Cash Flow Statement

for the year ended 30th April 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

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||||||||| |---|---|---|---|---|---|---|---| |2022|2021| |£|£| |Net|income for the|reporting|period|(as|per the|Statement|of| |Financial|Activities)|174,665|597,081| |Adjustments|for:| |Depreciation|charges|10,303|8,970| |Gain|on|investments|(178,565)|(672,925)| |Interest|received|(91)|(258)| |Dividends|received|(86,132)|(85,951)| |Investment|management|fees|16,394|14,312| |Increase|in|debtors|(5,000)|(2,129)| |Increase/(decrease)|in|creditors|11,546|(6,302)| |Net cash|used|in|operations|(56,880)|(147,202)|

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  1. ANALYSIS OF CHANGES IN NET FUNDS

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|||||||||| |---|---|---|---|---|---|---|---|---| |At|1.5.21|Cash|flow|At|30.4.22| |£|£|£| |Net|cash| |Cash|at|bank|and|in|hand|167,300|83,560|250,860| |167,300|83,560|250,860| |Total|167,300|83,560|250,860|

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Total

The notes form part of these financial statements

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements

for the year ended 30th April 2022

  1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. Accordingly, the financial statements continue to be prepared on a going concern basis.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income recognition

Income is measured at the fair value of the consideration received or receivable. The policies adopted for the recognition of income are as follows:

Charitable activities

Income from contributions from residents and rents received is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured reliably.

Investment income

Interest income is recognised using the effective interest method and dividend income is recognised as the charity's right to receive payment is established.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance cosis are allocated to the applicable expenditure headings.

Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice such as costs related to statutory audit and legal fees.

There has been no apportionment of costs.

Tangible fixed assets

Freehold land and buildings are stated at the 1930 probate value, less any subsequent sales of land with subsequent additions at cost.

Freehold land and buildings used for the purpose of the Charity are not depreciated as, in the opinion of the trustees, their life is so long and their residual values are so high that any depreciation would be insignificant.

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixtures and fittings are depreciated at 10% - 33.33% per annum on cost or valuation.

Expenditure of a capital nature is capitalised when the expended amount per item exceeds £1,000.

Taxation

The charity is exempt from tax on its charitable activities.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the statement of financial activities if the shares are publicly traded, using the closing quoted middle price, or their value can otherwise be measured reliably.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities allocated to the appropriate heading.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of financial activities unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

  1. INVESTMENT INCOME
2022 2021
£ £
Income from listed investments 86,132 85,951
Interest receivable 91 258
86,223 86,209

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

  1. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Activity £ £
Contributions from
residents Residents contributions and rents 882,233 723,505
Rents received Residents contributions and rents 4,460 3,790
Grants Residents contributions and rents 105,262 61,184
991,955 788,479

| The grants received during the year were receivable as a result of the restrictions imposed on the charity's activities due to the COVID-19 pandemic. 4. INVESTMENT MANAGEMENT COSTS

2022 2021
£ £
Portfolio management 16,394 14,312
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£ £ £
Staff and agency costs 734,629 33,801 768,430
Premises running costs 13,247 155,795 169,042
Residents direct care 46,013 - 46,013
Administrative support costs 1,382 72,714 74,096
Depreciation - 10,303 10,303
795,271 272,613 1,067,884
SUPPORT COSTS
Administration Property Gardens Governance
expenses upkeep upkeep costs Totals
£ £ £ £ £
Staff and agency costs 33,801 - - - 33,801
Premises running costs 67,322 88,473 - - 155,795
Administrative support
costs 29,027 - 20,100 23,587 72,714
Depreciation - 10,303 - - 10,303
130,150 98,776 20,100 23,587 272,613

5. CHARITABLE ACTIVITIES COSTS

6. SUPPORT COSTS

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

  1. AUDITORS' REMUNERATION

Charitable activities and governance costs include auditors remuneration for audit services of £4,000 (2021 £4,000) and £3,815 (2021 £6,034) for non audit services.

  1. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th April 2022 nor for the year ended 30th April 2021.

Trustees’ expenses

There were no_ trustees' expenses paid for the year ended 30th April 2022 nor for the year ended 30th April 2021.

  1. STAFF COSTS
STAFF COSTS
2022 2021
£ £
Wages and salaries 721,133 659,746
Social security costs 37,485 29,444
Other pension costs 9,812 6,667
768,430 695,857

The average monthly number of employees during the year was as follows:

2022 2021
Direct staff 49 49
Support staff 2 2
51 51

No employees received emoluments in excess of £60,000.

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold
property		 and
fittings		 Totals
£ £ £
COST
At 1st May 2021 960,154 775,147 1,735,301
Additions - 45,608 45,608
At 30th April 2022 960,154 820,755 1,780,909
DEPRECIATION
At 1st May 2021 - 745,240 745,240
Charge for year - 10,303 10,303
At 30th April 2022 - 755,543 755,543
NET BOOK VALUE
At 30th April 2022 960,154 65,212 1,025,366
At 30th April 2021 960,154 29,907 990,061
11. FIXED ASSET INVESTMENTS
Cash and
Listed settlements
investments pending Totals
£ £ £
MARKET VALUE
At 1st May 2021
Additions
Disposals
Revaluations		 3,734,014
346,337
(467,565)
178,565		 320,397
(346,337)
467,565
-		 4,054,411
-
-
178,565
Capital withdrawn - (100,000) (100,000)
Management fees - (16,394) (16,394)
Other movements - 175 175
At 30th April 2022 3,791,351 325,406 4,116,757
NET BOOK VALUE
At 30th April 2022 3,791,351 325,406 4,116,757
At30thApril2021 3,734,014 320,397 4,054,411

All of the investments are held in an investment portfolio managed by Rathbone investment Management Limited.

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

11. FIXED ASSET INVESTMENTS- continued

Cost or valuation at 30th April 2022 is represented by:

Cash and
Listed settlements
investments pending Totals
£ £ £
Valuation in 2021 1,721,899 - 1,721,899
Cost 2,069,452 325,406 2,394,858
3,791,351 325,406 4,116,757
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 8,490 3,490
Prepayments and accrued income 1,469 1,469
9,959 4,959
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 28,825 14,564
Taxation and social security 13,483 10,700
Other creditors 8,003 13,501
50,311 38,765
14. MOVEMENT IN FUNDS
Net
movement At
At 1.5.21 in funds 30.4.22
£ £ £
Unrestricted funds
General fund 5,160,346 174,665 5,335,011
Endowment funds
Endowment fund 17,620 - 17,620
TOTALFUNDS 5,177,966 174,665 5,352,631

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continued...

Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

  1. MOVEMENT IN FUNDS- continued

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 1,080,378 (1,084,278) 178,565 174,665
TOTAL FUNDS 1,080,378 (1,084,278) 178,565 174,665
Comparatives for movement in funds
Net
movement At
At 1.5.20 in funds 30.4.21
£ £ £
Unrestricted funds
General fund 4,563,265 597,081 5,160,346
Endowment funds
Endowment fund 17,620 - 17,620
TOTAL FUNDS 4,580,885 597,081 5,177,966
Comparative net movement in funds, included in the above are as follows:
Incoming
resources		 Resources
expended		 Gains and
losses		 Movement
in funds
£ £ £ £
Unrestricted funds
General fund 874,688 (950,532) 672,925 597,081
TOTALFUNDS 874,688 (950,532) 672,925 597,081

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continued...

Holderness House The Charity of Thomas Robinson Ferens fora Home of Rest

Notes to the Financial Statements - continued

for the year ended 30th April 2022

15. RELATED PARTY DISCLOSURES

Mr A Beharrell is a director of SPS Security Limited who have supplied goods and services in the year costing £766 (2021 £780). The amount due at 30 April 2022 was £Nil (2021 ENil).

Key management personnel costs in the year, excluding trustees, totalled £33,801 (2021 £34,208).

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Detailed Statement of Financial Activities

for the year ended 30th April 2022

2022 2021
£ £ £ £
Income
Contributions from residents 882,233 723,505
Grants received 105,262 61,184
—_—— 987,495 ——. 784,689
Direct expenditure
Wages, national insurance and pension
contributions 734,629 657,869
Agency staff - 2,280
Household sundries 18,323 30,869
Provisions 42,319 34,253
—— 795,271 —_ 725,199
Gross surplus 192,224 59,490
Administration expenses
Central heating 28,424 28,562
Central heating income (19,119) (21,395)
Light and power 22,889 18,576
Council tax 1,843 1,461
Water 6,566 5,401
Insurance 20,623 15,630
Cleaning materials and window cleaning 9,399 8,428
Equipment hire 4,596 4,982
Bank charges 1,137 1,072
Health and Safety Officer 5,023 5,023
Training costs 1,961 1,294
Telephone and postage 5,097 4,884
Printing stationery and advertising 8,144 9,009
Computer costs 3,289 3,524
Recruitment expenses 1,793 1,572
Administration salaries 33,801 34,208
Accountancy charges 1,935 5,154
Trustees indemnity insurance 1,500 1,500
Audit fees 5,880 5,880
Legal and professional charges 7,749 7,191
Consultancy fees - -
Donations and subscriptions 3,000 1,000
——_— 155,530 ——— 143,046
Operatingsurplus/(deficit) 36,694 (83,556)

Operating surplus/(deficit)

This page does not form part of the statutory financial statements

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Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest

Detailed Statement of Financial Activities

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |for|the|year ended|30th|April|2022| |2022|2021| |£|£|£|£| |Operating|surplus/(deficit)|36,694|(83,556)| |Property|upkeep| |Repairs|and|renewals|88,473|44,509| |Hire|purchase|interest|-|-| |Depreciation|of fixtures|and|fittings|10,303|8,970| |Profit|on|disposal|of fixed|assets|(2,200)|-| |——_|(96,576)|=—————|(53,479)| |Upkeep|of gardens|(18,307)|(14,4986)| |Other|income| |From|investments|86,132|85,951| |interest|receivable|91|258| |86,223|86,209| |Less:|investment|management|fees|(16,394)|(14,312)| |——|69,829|———|71,897| |Rents|received|4,460|3,790| |Sundry|receipts|&|donations|-|-| |Deficit|for|the|year|before|gains|and| |losses|(3,900)|(75,844)| |Gains/|(losses)|on|investments| |Realised|31,727|(2,724)| |Unrealised|146,838|675,649| |—————|178,565|——|672,925| |Net|surplus|for the|year|174,665|597,081|

----- End of picture text -----

This page does not form part of the statutory financial statements

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