REGISTERED CHARITY NUMBER: 223669 

| 

| 

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

## Financial Statements 

30th April 2022 

}“am BOICAEWCOUNTANTS 

Smailes Goldie Group is a trading name of Smailes Goldie Partnership. 

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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. 

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## 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 

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## 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 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- - make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

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: 


**----- Start of picture text -----**<br>
AYee - Trustee<br>**----- End of picture text -----**<br>


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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: 

- give a true and fair view of the state of the charity's affairs as at 30th April 2022 and of its incoming resources and application of resources, for the year then ended; 

- - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## 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. 

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## 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: 

- the information given in the trustees Report is inconsistent in any material respect with the financial statements; or 

- - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. 

## 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: 

- performed analytical procedures to identify any unusual or unexpected relationships; 

- - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 

- - investigated the rationale behind significant or unusual transactions. 

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## 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: 

- agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and 

- reviewing correspondence with relevant regulators and the charity's legal advisors. 

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 

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## 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 

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## 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: 


**----- Start of picture text -----**<br>
Ai - Trustee<br>**----- End of picture text -----**<br>


(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 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|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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2. 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|

**----- End of picture text -----**<br>


## 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. 

Page 12 

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. 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. 

2. INVESTMENT INCOME 

|||2022|2021|
|---|---|---|---|
|||£|£|
|Income|from listed investments|86,132|85,951|
|Interest|receivable|91|258|
|||86,223|86,209|



Page 13 

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 

3. 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 

Page 14 

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 

7. 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. 

8. 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. 

9. 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. 

Page 15 

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 

|10.|TANGIBLE FIXED ASSETS||||
|---|---|---|---|---|
||||Fixtures||
|||Freehold<br>property|and<br>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<br>Additions<br>Disposals<br>Revaluations|3,734,014<br>346,337<br>(467,565)<br>178,565|320,397<br>(346,337)<br>467,565<br>-|4,054,411<br>-<br>-<br>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. 

Page 16 

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 

## 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|



Page 17 

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 

14. 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<br>resources|Resources<br>expended|Gains and<br>losses|Movement<br>in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|874,688|(950,532)|672,925|597,081|
|TOTALFUNDS|874,688|(950,532)|672,925|597,081|



Page 18 

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). 

Page 19 



## 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 

Page 20 



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

## Detailed Statement of Financial Activities 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|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 -----**<br>


This page does not form part of the statutory financial statements 

Page 21