mailes Goldie CHARTERED ACCOUNTANTS REGISTERED CHARrrY MUMBER:223669 Holderness House Trustees. Report and Financlal Statements 30 Aprll 2024 st>0217227-1 CHARTepED ACCOUFITANTS
Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Contents of the Flnanclal Statements for tho ended 30th Aprll 2024 Pag• Trn8t•••' R•port 1 to 4 R•port of th• Ind•pd•fit Awjltorn 5 to 7 St4tgm•nt ol FIMnel•l A¢llvlti 8•l•nc• 8h••t Ca•h Flow Stat•m•nt 10 Not•• to th• C••h Flow St*•m•nt 11 Mot•• to th• Flmnclal 8tat•m•nl• 12 to 19
Holderness House The Charity of Thomas Roblnson Ferens for a Home of Rest Trusteès. Report for thè y1 •nd•d 30th Aprll 2024 Th8lrustees y8s8ntth8ir rekxyt with th8fln8nci81 stslemants of th8 charfty forthe yearended 30th April 2024. The IrusleBs have adopted the provisions of Accounting and Reporting by Chaiitle8". Stat8menl of Recommond8d Practica applicable lo charitS preparing their accKJunls in aC(darth with the Financlal ReF1n9 Standard aptAkable in ts UK and Republic of Iland IFRS 1021 leffedive 1 J8nuary 20191. OBJECTIVES AND ACTMTIES Objectives and aims Th6 obl8cUve h88 b6en the conllnued c8re 8nd weff8re of the rogklents. lo provlde them th a Bofe. slab)e and frndly envlronment In order lo give them the best P08SitAe Ilfe in thèir latter yeats. Strat•gb•B to achl•v• th• y•arf• obl•ctlv Th8so knclud8 the conOnugd c1080 Involv8ment of th8 tW818e8 and th8 ex11¥? monagomont team. Th8 trustees, in addition lo attending regular me8tings, make random monthty visits to Thbjnitor the perfomiance staff. tho moinlenance of the buildirvJs. grouThJ5 and oquipmenl. and to ensuvo that Ihe overnll W1bAll of th rè8ldenl8 Is boing m81nlaln8d 81 th8 hlghost posslNe 8taNJ8rd8. ACHIEVEMEKf AND PERFORMANCE Charltabl8 actlvltles lor tINb publlc bgn•fft Th8 prinapal charilabl8 actlvlty in th8 year (emaln8d the provIon of care and 8ccommod811on for resld8nts. Thg tharlty fullblled Ils objectlvas and C4Triad out rt$ alms for the wblk benefft by provldlng aceommoJatk>n And Care fw ladles of reduce(i clrcum818nc08. The average numter of resld&nl8 durlng th& y88f was 25 {2023.'30}. FINANCIAL REVIEW Prfnclpal fundlng lour• The amount of Income recelvod from fvndraL81ng and donatth6 Is Insbnificant. Rollar 18 placed on ?rtbutIOnS from ra$hd8nts and in&1Mnt Inwmg. Inv••lm•nt poll¢y and p•r1ornc• Ther8 aro no r86trictbn8 on the CharltY8 power lo Invest. The Inv88trnent stratsgy18 8at by the trlte06 and 18 r8vl8wed by them annuAIty. Thè In88 con81der th8 Sncoma requlremenls, lh8 rfsk proli18 and Ihe StocbrOkeTr of the m8rket prospects In th8 medlum temi. In the ye8T the trustees conllnued wlth Ihalr Inve8lmenl pjllcy for rd1M coplal apFYeolaUon and m9dlum Incomg. The charftya Investment fund totsb £4,151.75112023: £4,222.8421 whlch tslude8 amount held Sn cash by tha investment Man8r$ of £92.13412023: £283,618) at the ballr sh•et dats. Inv•slmant incomè In the year tolall8d £108,95312023.. £88.8251. R•Mr¥•# pollcy It is the truslo09' op1n1 Ihal amounts Inv681ad 8houhJ b8 maintained in ¢xdor to pmmdo invo8lmènl incomo In futur8 years. Th8 tn108 Ih8r8foT8 r8g8rd the n8t curr8nl 88sets to be th8 free r888rves whlch ar8 av85labl8 for the day to day runnlng of th8 Hom6 of Re8t.1118 the objectlve ofthe truste88 lo m85nl8in the freo re88NeS of th9 Chafily at a lavgl whth equale$ to approximat8ty Ihw months oxp9ndrturg. The Irust80s penodlcally miew luiure expendituia 8081nsl the level ol net current assets and draw down frcrfn or add lo th8 investment rtfollo, as necess8ry. to Bthigve the laryeleil18vel olfree re8erve8. Al 30 Aprtl 2024 th8 free re88rve8 were £nil 12023: £144,662) aThJ the trustees are conlinuing to monitor the position. Total funds caryied forward totsll8d £5.370.203 {2023: £5.430.2601 Sli b8tween unr08tricted fund8 of £5,352.58312023'. £5.412,64018nd endowmènt funds of £1T.620 {2023.. £17,620). Golng ¢Onrn The Iruslees, havlno con8kl8red •vallabl& 5nfomiAtion. havg 8 rgownA8 gxpedaNon thot ¢ortty has ailequale r8sour¢8s lo ¢tInue in operaliori81 exlence f(K 3 wiod of 12 [rth8 from the d8te of approval of these financial Statements and therefore have prepared the ffinanci statements on 8 going lCoM bAS. Pagg 1
Holdemess House The Charity of Thomas Roblnson Ferens for a Home of Rest Trustees. Report for th? year ended 30th Aprfl 2024 STRUCTURE. GOVERNANCE AND MANAGEMEMT Govemlng docum•nt The charity V4 ¢trOllO by its governing Ihxum8n( a dogd of trust and ¢$t[tUteS an unincwrated charlty. Thls w88 cra8ted uTrJgr chgu$e 8 of the Will of the btg Rl. Hon. T R Ferens In whlch the thvelling house. gar(lens and pad¢Jock known as Hddemess House were settW upon INst in perpotuty 8$ a Home of Rest {the 'Permanent En(Ment'). The main *acy was under clause 10(il of the Will. which provided a fund for the malnl&n8n¢x, r8palr and upkegp of th8 thIlIng hou88, bulkllngs, g8rd8n8 and grounds Ihareof an(J other attTlbutabl8 exp8ndilure lthe 'Unre8tricled Fund'l to which have bean add8d profits on 8a1@ of Inv8slm8nts. income is to b8 used for th8 general purposes of tho Charity. essenlialty fKovish)n of accommodation for g9n119wornen In rwjuwl oircum8tan¢e¥. Thg trust898 of Ihg Ghartty Wgrg InrpOratod as body under Ihe Charhi88 Act 1993 cfi 2nd February 1994. Rocrultrn•nt and •ppolntmerrt of now trust• N8w Irusl8eB are appointed by Snvllaith of th6 exlstlng truBlee8. There Is lom1 pollcy for the Inlroducuon and Ir81nlng of Iwstee8, but dI8kin8 are held wlth potenti81 tru8t088 to Infom) them of Ihelr duties 8nd r88pon8ibllhl88. Organl•atSonal •tructur• The Ch8rfly 1$ under the o)ntrol of the Iru8tee8 who meet a mlnlmum of every three months lo d18CU88 the gtrdtegy, policies. fin8ncial mattsrs and g8llBral wnnlng of th8 Charity. The day to day runniThJ of the Hom& c R•st 1$ dol&J8180 lo a wofa88icnal m8nag8mgnl team. Undw on ordgr dalod 1st Fobruary 1996 th9 tru8199s h9ve Ihg powor lo appolnt on inv0Mnt mgnoggr ond to delegate lo him diK¥etionary powerin relatlon lo th& manag8menl of the Chaiity's investments. By Ihe sam ordar th8 Iruste8B have the power to appolnl a corporate body as a truste8s' nomlnee lo hold th8 InvèBlrn8nls of the Charlty. Th& tW8teo8 havo aFvC4ntj Rathbon06 Inve8tmenl Management Limlted to hc4d Ihe InveslThnls of the Charity as thr rnIn8&s. K•y m#nagom•nt r•mun•r•tlon Th8 IIu81888 conslder the t08rd of tWgt898, CEO, derf( lo the tW81e88 and m8lron 88 comprf8ing Iho key management per8onnel of the charlty In charge of dSroGtNw and ntyrlIng the ¢hority ond running and operatin9 th& charity on a day lo day basis. All IIu8le68 give their time freely and no InJ8tso remunerallon was paid in tha y88r. Tha pay of kay mgn8gom8nl pars¢81 Is revlowed annualty al board lovd and Is sel In 8ecord8nce wlth experlence, r88Fon8lblllty and performance. R•l•t•d p•rti Included In govemarKe costs Is trustees indemnty Insurance premIu 01 £1.5(W] (2023.. £7,500) relating to the year ended 30 AprS12024. Other trgnsgCtbn8 wlth reLgted partles aro d18do8ed in note 15 lo the financial stotements. RIBk manag•m8rrt Durfng the y8ar the tnJ8leg8 h8ve ¢SIde and Kl8nlified the major risks lo vthich thg Charity 16 expDsed. This Involv8d identifying the ty of risks Iha Chanty fa¢8s, worttlslng them in twms of Wenlial impact and IlkellhocKI of OlenCe and bd8ntlfylrvJ me8n8 of mlllgaWro thè r18k8. The Ch8rty'8 Systems of inlemal contrd are designed to provKle Te850nable bul not absolut8 aSsur8r agalnsl malerfal mbstatomwrt loss. Iru81998 arg 8at181bJ that Ihg 8y8lems In a¢e mhb3ate Ifdr gxposurg to the major rS$ks. REFERENCE AND ADMINISTRATIVE DEfAILS Roglstorod Ch•rfty numb•r 223669 Pag8 2
Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Trusteas. Report for tho y•8r •nd•d 30th Aprfl 2024 Prfncl •Jdr••s Hddemess House Hd0$S Road Hull East Yorkghlre HU8 8QX Tru•tso8 A J BeharTdl ICh8lr- 8tart of yearl C LIght0Or- reslgned 01.11.2023 R M Mlles IChalr- end of yaar) l Mdn108h . re8191 08.05.2024 S Crum A Barber CEO & Cl•rf¢ to th• Tru•t••• D P Naughlon-Doe Audltor• Smalles Goldle Chartered Acctsjntants Stalulory Audllor R8genVs Court Prfnca88 Str88t Hull Ea81 Yorkshlre HU2 8BA Bank•r• N81W88t Bank Flc 34 Klng Street HUU HU13SS St•¢kbrok•r• Ralhbone Investmanl M8nagem8nt Umlted Port of LT¥èrw Building Pler Hgad LIverp1 L3 1NW EVEMTS SINCE THE END OF THE YEAR Inlomatron rel8lirvd lo event8 slnc8 tha ond of the yo8r Is given In the Th)to$ to thg fin91 statgrngnt8. TRU8TEES' RE8PONSIBILITY 8TATEMEp¥r Th8 tte89 8rn r8sponsible for preparing the TTUStees' Report and the financyal statements in acoyd8nce th applicable law an(i United Kingd(yn Accounting Standards IUnil8d Kingdom Gengrally Accepted Accounllng Practke} IndudlrvJ Flnancbal Rapn9 Stand8rd 12 FlnaThl RetÉ*tlng srard apF41cable in the UK and Republ of Irela. Pago 3
Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Trustees. R8POrt ft)r th• y•ar ded 30th Aprfl 2024 TRUSTEES. RESPONSI8ILrrY STATEMENT- contlnu•d The Lqw applicable to charities in England and waS. the Chaiities Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provIskY of th8 Injst deed requlre8 the trustees lo prepare ffinandal 3ts1ementB fc* each finencial year whth glve a true 8nd falr eW of the stsle ot aff8lr8 of the charlty and of the IncomSng resources and apFIiCal of resources. incfuding the incrne and expenditur&, of the charrty for that period. In pr8paring t188 finartLg1 stal8rrnnts, the tN8le88 are reqre to select 6ult8blo accounllwJ polkk•6 8rn1 then appty them con8181•AIIy', observe th8 melhody and prirrApI88 in the Charity SORP.. make judgemen18 and estlmalos thal reasonae aThJ wudenl: slate whether applicable accountin9 standards have baon fdlthv•J, sublect to any ma18rf81 dgparture (Jisclo88d and explained in Ihg financaal st8tements.' prèp8r& the fin8ncl818t81amen18 on the wng conc6m ba818 U888 It18 Inapproprlatè lo iYe8um8 that the chorily will conlSnue Sn bUne$s. Th8 Irusle83 are responslblg lor keeping prop9r accountlng records whlth diqdo$8 with rgasonable accuracy 81 any Ilm& the flnanck91 w8itkin of th& charlty and lo on8& them to ensure that the flnanclal slal&menls compty wlh th8 ch8r11S Act 2011. th8 Ch8ri1y (Accounts and Roport81 R8gul8lh)nB 2008 and th8 provl8ion8 of the trust deed. They are 8180 respon818 safeguardlng Ihe 888818 of the chartty and hence for tsng roa$onatJg stops for the prov9n1 aThJ dotQGYon ol Iraud and olhgr IrregUrItIes. Approvèd by ¢ydgr of r of trAt0•S M 10th Febnwry 2025 8nd 8kdnod on ts bahaff by.. R M l- Tru8t80 Page 4
Report of the Independent Auditors to the Trustees of Holderness House Oplnlon We have audited the finarKial ststements of Hoklomoss ltt)g 'charW) kn Iha year ended 301h April 2024 Ythh comwise the Statement of FInan¢ AcUvhle8, Iho Balance Sheet, the C&8h Fk)w Stslemenl and noles lo the financkql st8laments. including a summary of significant accounung FL)lidos. The nanual reporting framework that h88 been applied in thèir preparatn is applicable law and United .Orn Accounting Stsndards (United Kingdorn GeTallY Acceptsd Accounting Pr8Cticel. induding Finanual Reportlng Slandwd 102 The Far91 Reportlng Sl8ndard applicable Ni the UK and Republk of IrelarKI'. In r oplnbn the flnarKlal statem8nts'. L4v6 8 tru& andlair vW of th& 8tale of the charfty88ffalrn as al 30th Aprfl 2024 and of Its Incoming resourc8B d application of resouoS, for the year then end&J'. have bean property prepared in accordance with Unf(ed Kingdom Gonarally AcL%pted Accounting Practice. Includlng Flnanck91 Reportln9 Slandard 102 The FlnanGral Reporting Standard apICable In the UK and Rapublic of ITelBnd'; and havo been propar&l in accothnco th the Tequirements of the Chadltes kt 2011. Bas18 lor oplnlon We Lx)nducted our audit In aCCoance wllh InlematK)nal Standards on Auditing (UK) (ISA8 IUKII 8nd appllcable law. Ourro8p)nslblllll8s uThJ8r thosg standards 810 lurtherdescribed In the Audilor8' responslbS111188 for thè 8udll of thè financial st818m8nts 8éctk)n of our r8wL W8 are ind•p8ndont ofthe ch8rily in aCLordanc8 with the ethical requlr8ments that are rdavanl lo our oudll of the fin8nd81 sl&tements In th& UK, Includlng the FRC'S Elhlc81 StarNJ8rd, and we have lulllll8d our olhar ethlcaj resEM)nsilltles In accordance with these rwulrgmonts. Wo boltevg that the oudll evldonce wg have obtalnad is sUffiCnt 8r4J approprfalo lo provlde a bgJi¥ lor our oplnkn. Conclu•k)n• rnl•llng to golng ¢onc•m In auditing the financial $talemonl¥. wo hgve cOndUd that the knJ81888' U88 of th8 gc4ng o)ncom b8818 of unllng In the pr8p8ratlon of tho fin8ndal 8tateffn1818 8pyoprf8te. Based on Ihe work we have perfom•d. wg have not thnlffifjd any malèrtAI uncertalntl88 relallng lo events or rA)ndllhJns that. Indlvldually or colectfvely, may casl 8ignlflc8nl dtyjbl on the charfly's 8blllty to ntInu0 a$ a golng concom lor a perl(xl of al19881 tsvolv8 months from whon th8 financial Btal8menls are aulhorlsed for 1$8Ug. Our r86ponBlblllUoB and tho reBnSibIlItIa of th• IwBte88 th respect to g¢ing concom are de8crlb81i In tho ralev8nl 88CtIDn8 of th18 report. Emphas1• of matter We dT8W attenllon to nots 16 to flnand818t8t•m•nts. wNch d&8Crtbe8 a rwdlu8tlng FQ•t 8he81 evenl followlng tho tn1998, slralogic d8Ck8kJn lo ¢90S9 Ihg chartly'$ prlmary activlly. that of runnlng 8 car8 home, after thè year ond and tho •xcaption81 co81$ intyjrred in dolng 80. Our oplnlon is not modifiod In re$p9¢t of Ihls matter. Oth•r Inlommtlon The trustees are responsible for the other Informath¢. The other Infomatlon comprfs8s Ihe Infonn8tlon Indudgd In the Annual Repor( olhgr than thg stat01rts and our ReF¥Yt of the Indedent ALbJltors Ihereon. Our oplnbn on tho flnond81 $lateménts Thjt mr the other Infcthiatbn aThJ, excopt to Ihe exlenl olheNlge expllcmy 8ts18d In rokMNt, we do not expre85 any foffti a88uT8re cond[n thern. In o)nnecllon vAlh our oudil of the fmanck?I stalemenls. our reEp)nsibllily16 to read the other informallon and, in doing so, CA)nslder wh8thor the other infomalion Is malwhlty In¢>)nsistgnl vhth finanryal $tslements or our knedg0 obtain8d in tha audit or othgrwisa app8ars lo be materially m158tsted. If we idenlmy such material innlSncS or apparent material m688tal8ments, we are required lo del8rmNie whethgr this gives dse to a matortal mlsstatgm8nt In th9 finandal statem&nl$ themselves. If, based on the work we have P8rfom8d, wè condud? that the is 8 m8terkl mi88tal8ment of thls other knfform8Uon, we are requSred to report th8t fact. We h8V8 nothirvJ to rewt in this regard. Pago 5
Report of the Independent Audltors to the Trustees of Holderness House Mattern on whlch wo arn wequlrod to roport by exceptlon We have nolhlng to reKy)rt in ffjspect of Ihe folng matters where h chare8 IAccoynt5 and Repcrts) Rggulalions 2008 requires us lo report to you il, In our opinion.. th$ infomiallon glven In the trustees Report Is inconsislant In any materfal respect with the financial 818tements', or sufficient accounting records have nol been kept.. or the linancial slat9menls are not in agreement byilh tho acc11 rociKd5 and r8tumB; or Wo haw not received all the Informatlon and Oxplanallons wo requirè for wdlL R•8pon81bllltl•$ of IfUSt••s As explained more fully Sn the Trustees, Responslbi11tt8s St8ment. the trustees ore m$pSIble for lh8 preparallon of the financlal ststemgnts which give 8 Inje and falr vw, and for such Intem81 control as the trustees delomiln8 Is necossary to enable Ihg preparatlon of fln8ndal s18toment8 that 8r8 freè from ma18rlal mis8latem8nl, whether ¢Jug to fraud or error. In proparlng tho financlol ststements. the trugtees 8re re8ponslbl8 foroSSa8slno Ihe chaTIty'8 8blllty to conunue as a going concem. disclosino. as applicable. matters related lo going ¢oncgm and uslng tho going concem ba8is o18ccounllng unloss the Iruslees ellher Intend lo Iuld8t0 Ihe chorily or io coas8 operauons. or hove no rea118tlC 8tt8m&Uve bul lo do 80. Our rn$pon8lbllltl•s for tho audlt ol th• Iln•ndal trrAn¢• We have boan appointed as auditors under Secllon 144 01 tha Charllle8 Acl 2011 aThJ roport In ac£ordanc• vAth the Act 8nd relgv#nt rngu181ton8 made or h8vlng effKI thwounder. Our oLijectives afe to obtsln re8sonablo assurance al)oul whether the flnancl81 statemènts as a whol8 are Iree from malerfal mlsst81omenl. whelher due to fraud or error. and lo issue a Report of the Indopendenl Audllors that Include8 our oplnSon. Re8son8ble 88sur8nce18 a high lev8101888uran¢e, but Is nol a guBranteè Ihol an audll conducted in 8ccordonc& with ISAS IUKI I119¢WayS detect a malerial misstslement when il exlsts. Misstatements can adse from fraud or errol 8nd are considerod malerial If. Indlviduolly or In the ag9regate, they could reasonably b8 gxpectod lo Infiuencè th8 economiG declslons of u88rs taken on the b8sls of Ih8S8 fln8ndo1 stslements. Our 8pproach lo Idenllfylng and oS8e881ng Ihp r16ks of Mate01 ml$8tat8menl In respeol of Irregular1119S. Snduding fraud ond non-compllanrA wilh laws 8nd regulallons. was focused on 8peclflc lows and regulatlons which we ¢onsidored may have 8 direct malod818ffecl on tho financial 8tatsmenls or tho operations ol the chadly, including the Charilies Act 2011, tax 18gislallon. dat8 prolecilon, Bnli-bribery. omploymenl, environm8nlal, heollh and safoty leglslatlon and C8f8 Quallly regul8lorB. An undorsiondlng of Ihese18ws 8nd regulations and the extant ol compllance WBS oblainod through dlscusslon vAlh man8gomenl and Sn5pectlng legal ond regulatory corresporKlonee. We 06&e88ed the 8U8CePtlblllty of tho charity'8 fln8ncl81 81otemants to m8terf81 ml88talomenl, Indudlno oblaining an undorslanding ol how fraud might occur. by making enqulries ol management and consldering the InteTn81 controls in placo lo mltwle risks of fraud and nonComplI8nC9 with laws ond regulallon8. To address th8 rL8k of fraud through MgenI bl88 and override of conlrtA8. WO: pprfomied analyti1 proceduros to hlenlfy 8ny unu8ual cr unexpo¢tod rd8tionshlps', lèslgd journal ontrtes to idgnlify unusual Ir8nsactlons', 8S3essed wh8ther judgomenls and 08Bumptlons made in detemilnlng the accounting estlm8t68 Wèrn indlcalivo of ptsten1I81 bias., and investig8lad Ihe ratlonale bohlnd swlficant or unusual 6010n$. Pag8 6
Report of the Independent Audltors to the Trustees of Holderness House In respons810 the dsk d IrTegulwrtl6s and non4ompli8nce wth 8nd regulations, we dgned wttedure8 whlch irKluded. L¥Jt weTr not iknited to.. agming financi81 statement dtsdosures lo underfying gjppcwting documentation: readirvJ tho minutes L4 m8etings of IlJs8 charged with govemance: enquiring d managemenl as to a¢lual and Wenllal litkjallon and d8lms,' and Dua lo th8 inh8rant limitations of an 8udit. there is 8 rfsk th8twe 11 not del8Ct 811 ITf8gu18rftles. Includlng those laadlng to a m8t8rl81 mkstatsmenl In the Ilnanclal stst8m8nl8 or nonrycompliance vAlh ragulatbn. Th18 risk creases the MO thal compliance with a law or rggulatbn is rgmoved from the events and transactions reflected In the financlal statements. 88 we w511 b& less likety to berLffie aware of in8tances ol non-compliance. Avdlllng slaThJar(Is a150 lknlt the aLvJIt procedures requlrod lo Identlty non-compllance vllh laws and regul8Uon8 lo ènwiry of th8 threclors and other managembnt and the Inspaction of regulatory and legal corr8spond8nco, rf any. The risk 18 8150 greater regarding irregu18rf1ies ctcurrfng due lo fraud rather than arror, as fra1 Involvas lent5on81 concealment, ftxgery, collu8ic¥), oml58tDn, or mrepreSentatIon. A furthar desulptbn of wr rnsponslblllVe8 for thts audlt ol flnandal 8tatsmonts18 locatod u) the FlnanclBI Reportlng Councll's webs8 at www.frc.or9.uklaLKlttor5respon3ibbllti85. This dascrlillon fomis part of our Report of Ihe Independent Auditors. VB• of our r•port This roport Is made ¥olely lo tho tharitl8 InL4tees. ae a Lyxly. In accordance with Part 4 of Ihe Charftl88 IA(£ounls and Report81 Regulallr)ns 2C(J8. Our audft t¥k has b8en urmlertaken 80 th81 we fflighl 81818 lo the charity's Iruslees those matters wo arg roqulrod lo $1319 to thom In an audltors, roport 8nd forno clhgr purpose. To the ftjllesl exlenl permltled by law. we do not accopt or 888ume re8pon8it41ty kn anyo ethèr ih8n the chafity and tho chariV8 Iru&t8e8 88 8 budy. owlil work. fry Ihlw r8pJrt. (x for thg OpInn8 have formed. Sm8if08 Goldle Chartered ACcnton Slatulory AudOr R8g8nt'8 Court Princes8 Street Hull E86t Yorkshlre HU2 8BA 101h F•bruary 2025 Page 7
Holderness House The Charlty of Thomas Robinson Ferens for a Home of Rest Statement of Financial Activities for th• yo8r •ndod 30th Aprll 2024 2024 Total funds 2023 Total fuThJs Unr881rfGled EThJowrnent fuThJ fund INCOME AND ENOOWMENT8 FROM Charlt•bl• actfvlll•• Residents c£Jntrjbulh9 ond Tts 950.727 950.727 998,771 Inv8stm8nt income 106.953 89.750 Totsl 1057 680 1057 680 1088 521 EXPENDITURE ON R•l•lng fiJnd• Inveslmant man8gomenl c4)sts 15,317 15.7•10 14740 15.317 Ch•rlt•blè actlvld Staff and 8g8n¢y c08ts Prèm1888 njnnlng ts)818 Rgsldonls dlrecl caro A(Jrninistratfve BUPPOrt costs D6proclatlon 893,707 1942ri 34,191 10D.925 893.707 194,277 ¥191 100.925 649,496 204,396 57.502 95.481 Total 1261535 1.231.905 Net galn8 on Inve81rnnt8 NET INCOMEIIEXPENDifuRE) 159,008) 159,0061 RECONCILIATION OF FUNDS Total funds brought fomwd 0.412.040 17,620 5,430,280 5,352,631 TOTAL FUNOS CARRIED FORWARD 5 371254 5 430 260 The notss fomi p8rt ofthe8e farKI91 ststgmonts Pago 8
Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Balance Sheet 30th Aprll 2024 2024 Total fund• 2023 Total funds Unre81rfcled ETrJowmenl fund fund Not9$ FIXED A88ETS TgngSbl6 assets Investments 10 1,02#.341 17,620 1.046.961 4 151751 1,062,958 4 222 642 5.181.092 17,620 5,198,712 5.285.598 CURRENT A88ETS Debtor8 Cash al bonk and In hand 12 4293 S,293 4,992 21S338 21&338 191,942 CREDITORS Amounts falllno wllhln onè year 13 (42,796) 142,7901 147.280) NET CURRENT ASSET8 TOTAL ASSETS LESS CURREiir LIA81LITIE8 S353,634 17,020 5,371.2J4 5,430,260 NET ASSETS 5 3712S4 5 430 260 FUNDS Unr88trlcted funds Endcthmenl fvnd8 14 5.353.634 5,412.640 TOTAL FUNDS 5 371254 5 430 260 Th& flnanclal statements were approv by tho Board of Tm8le08 and 8ulhorf8ed for I$sug 10th February 2025 and were 8bn8d on Its beh8If ty.. RMMlle8-T A Barber- TN8ts0 Thg ThAes fcm partof Ihese IInanoI st8lemonl$ Page 9
Holderness House The Charity of Thomas Roblnson Ferens for a Home of Rest Cash Flow Statement lor the y••r •nd•d 30th Aprll 2024 2023 Gaoh Ilowg from oporallng •Gtlvldo• Cash 98neral8d from op8r81ion8 206 1481 Net Cash u8td In operaung advRle8 206,1481 Ca•h flows from In¥•stlng a¢tlvld Purthase of tangib fixed assets Sale of flxed asset Inve8trn8nts Other movements kn Investments Interest recewed DlvldoNl8 reco11 147001 200.000 147.3231 1Crf),QOO 1189) 925 88 825 3,003 103950 Not cosh wovidod by invostlrvJ aclivltl8S 142 238 ¢h•ng• In u•h •nd ¢a•h •qulv•l•nl• In th• r•portlng p•dod Cash and cash •qul¥al•nt• at th• b•glnnlng of th• r•portlng p•rfod 23,095 163,9101 186 950 C••h and *h •wlv•l•nts at th• •nd of th• r•portkng p•rfod The notes fcrfm of theBe financial statements Page 10
Holderness House The Charity of Thomas Roblnson Ferens for a Home of Rest Notés to th• Cash Flow Statamont for the year •nd•d 30th Aprll 2024 RECONCILIATION OF (EXPENDITURENc0ME TO NET CASH FLOW FROM OPERATING ACTivmES 2024 2023 N•t1gxpondlturollln¢omo for tho roportlng p•rfod la• p•r th• Statsm•nt of Financial Activiti•81 Adlustm•nts for: D8proc18tl¢M chargès Gain on inv&stmgnts Intere31 received Dlv*Jgnd$ rece Inv68tmont managem1 fe8è IlncreaseVdecrea$e in debtors Docre88e In credlto 159,11081 77,629 22,695 1141849) {3,003) 1103.9501 14740 13011 484 9.733 1221,013) 1925) 188,8251 15.317 4.967 N•t ¢a•h u••d In op•r•llon• ANALY815 OF CHANGES IN NET FUNDS Al 1.5.23 C88h ff At 30.4.24 N•t ca•h Cash al benk arKI In hAN1 186 950 Total 1869SO Thg notes fomi part knnrial stslernents Pag611
Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Note5 to the Financial Statements for th• y•ar •nd¢d 30th 4•rll 2024 ACCOUNTING POLICIES 8asl• of pr•parlng th• flnanclal 8tstsmonts Th8 lknandal statements of th9 chBrhy. which bs a PLrt)l benefll entlty under FRS 102, h8V8 b88n prapar8d in accordancg th tha Charithes SORP IFRS 1021 'AcCntIng and Reporting by Charities.. Statement of Recommended Practice applicable to Chorit pr8paring their aco)unts in occordance with Ihe Finan¢Sal Repc¥tlng SlaThJ8rd appllcable In th6 UK ar Republic of Ir8land IFRS 1021 {eff8ctlve 1 January 2019),. Fin8ncb81 RewUng Standard 102 The Fin8ndal R8porUng St8nd8rd appllc8bl8 In the UK and Ropublic of Ireland, and the Cha(i¢i88 Act 2011. The fin8nrial slaternenls h8ve been propared Ltnder the htslor1cal co8t eonventitin. wilh the exc&ptn of Inveslmenl8 vthlth are In¢hJded ot market value. as modthed by the Tevalualion of cwtsln a888ts. Thè significant auntIng pjlcles apPld In Ihe preparatlon of Ih88e flnanci818talem8n18 8re 8&1 out below. Th pollci89 h8v8 ba&n con81slenlly applled to all years pr8sant8d unléss oth&Ths• stal8d. Golng Conc•m The trustees. having ¢1)n$ore tho avallablo Informalkn, have 8 ro88cnabl8 8xp0cta1n that the ch8rlty h88 ad8quato resources to cOnnUe In operalkinal existence for a p70d of 12 monlhs from tho dale ol appmval ofthg¥9 flnandal slaleman18 and IrefOre have prepared tho finBncial 81atemenls on golng cijncem bas16. Incom• r•cognltlon Income 18 moasured al Iha fatr value of the DSIderatIOn or e0Ve. Tho pollcl8s •aopled for th& reccgnltlon of incom8 ar8 88 folk)w8: Irthme from contribubon5 from residents and rents t8c•v8d rJ r#u)gni88d on( thg charlty has anlltlemont lo th8 ino)me, 1118 protsabl& that the Incom• will b• r8colv•d and the amount can b measured rellab. Interèst Income 1$ recconi$ed usSng Ihe effe1¥9 Intere81 mothod and dlvldend Income Is rectr3n188d as Ihg charily's right lo receiv8 paym8nl18 8slablish8d. Exp•ndlluro r•cognltlon Llabiliti88 are recognised 80 oxpgndlluro 8$ 800n a8 there 18 a legal Of $tj1Ve 0tr4(qaUon commirtlng the chartly to that expendlturè. It18 probabk that 8ettJgmgnl 11 bo r8qulr9d gnd thg 8rrK)unt of the obligation con bo measured rellaNy. All expendllura Is aCcnted for on gn 8ccrv818 basL8. Al exp8n888 InCIlIng tsjsts and gov8mance costs are allacaled lo tha 8ppllcat48 expendlture heodlng8. Allo100 of support •nd govornance Support cost8 h8v8 b88n aNocated boknvogn gov8rnonc8 (x)818 and other 8UPPOrt costs. Govemancè costs ¢omprtse all costs Snvolving the pulAK accountability of the charty and its (wilance th regulatim and practlce suth as costs Tg18tod to 8latulory audit and legal fee8. There ha8 bean no appjrtionmonl of c051& Tanglbl• flx•d as••t• Fr88hold land and tIlding8 awe 5t8ted at tho 1930 probote value, 169$ any $ubsequgnt sale¥ of land with subsequent additions Bt Q)6L Frn8hofd land and bulldln95 Used for the wrFthe of Ch8rity are not depreci8led 88, in the OFinion of the Iruslegs, Iheir lrfe 15 so long and their residual valLPS arg so high that 8ny depreclatlon W1 b8 In8OUnl¢8nI. Pag9 12 ntlnued...
Holderness House The Charity of Thomas Robinson Ferens for a Home of Rest Notes to the Financial Statements - continued for thg year ond•d 30th Aprll 2024 ACCOUNTING POLICIES. contlnued Tang•bl• fix•d a•vts Flxture8 8nd flttlno8 are deprn¢latgd at 15% pgr annum on fX48t or valualknn. Expendlturo of 8 e•pital nalurg i¥ witallsed wh8n expend8d 8mount r itèm eXed5 £1,0. TaxAtlon The chadtyls exenwl from 18x on 115 chBritthle activit. Hlrn pur¢ha•• and la••lng commltm•nts Rentalg paid under operaling are charyed lo th8 Stslèmenl of Financial Athl19 on a ¥tralghl Iln8 bas18 ovgr the perlod of the lea8e. P•n•lon Ct* •nd oth•r P1•m•nt b•nthlts The charlly operate$ a defiwl tribUlK)n penslon scheme. c0nlrlbut1L P8yabl8 to the charitls ponOn $therne are ch8ryed lo the Slalem8nl ol Flnanclal Actlvllles Sn thg p8rfc¥J to whlch they relate. Inv8•tfflont• Investments arg reccgnlsed Inlllaly at falr whlch 18 norn)ally tho lrnn8acdcffj ylc¢ gxcludlng Irgn$8Ctlon co818. Sub88quenl. Ih&y are measured 41 falr valuo thrtyjgh Ihg slatemonl of financl81 aetlviliès 11 th8 Shar 8r¢ publidy tsdod, u8ing th8 c108ing quotsd middle pr8, or their value can olherwl$e me88urod ra118b. D•btor• and cr•dttor• rKolvabl• I p•blO wlthln on• y••r Debtors and c¥edltor8 wlth Btated IntOT881 rBlg ond 8r8 rec•8b18 or p8yabl8 wlthln one yaar are recorded at transacth price. Any1058es 4ri8lng from impalmienl are re¢ogni$ed in the slalgmgnl of nandal actlvlllès 8ll¢xat&J to tho 8pproprtote ldIng. Imp•lrm•nt AsBets measured at falr v81ue 8r8 rev for any inditIon that the Bsset m8y be Imp8tr8d al each balancè she81 dale. If such Indlcatlon 8818, tho recoverab arnounl ol th8 asset. or th8 asso1,$ cash gen8r8ting unli. 18 estimated 8nd compared lo th8 rrying omounl. lthore the carrylng 8mrMJnl exceeds Ils recoverable amount. an Impolmienl k)8818 recognlsed in th8 Btalèment of tlnancial adlvrtl88 unle88 Ihg as8el 58 carrlod at a revalued amount whwe tho Imp8knient1088 L8 a revaluatkin decrease. T•rmln•tlon b•n•flt8 Teminalion benefit8 are r8cogniged Immedthly 88 on expen88 the rknTit8ble company 18 demonstrably cx>mmltt8(I lo t8fftlnate the employm1 of an empby88 or to provlde lemilnatlon Pagg 13 continued...
Holderness House The Charity ofThomas Roblnson Ferens for a Home of Rest Notes to the Financial Statomonts - continued for th• yr •nd•d 30th Aprfl 2024 INVESTMENT INCOIAE 2023 In(xwne from11818d Inv881ments Intorèst r8c•fvab 103.950 3,003 88,825 925 INCOME FROM CHARITABLE AGfMTIE8 2023 Aclty ContrftyJtlc8 frcm rosidents Rènt8 rncolvth Gronts Readenls contrlbullon8 and rent8 Resldenl# conlrfbutlon8 and rentg Resldents conlrflyJtlons and rents 944237 5,740 750 992,356 5,480 955 INVESTMENT IAAIIAGEMENT C08T8 2024 2023 Portfollo managemwbt C+IARrrABLE ACTivrriE8 COSTS Support C08ts (see Dlrecl Staff and 8gerry c08ts Prefflises runnlng CO818 ResFd&nts direct cara AdminSstrat5ve 8UPF#)rt costs Depredatl 863,913 29,792 194277 893,707 194,277 ¥191 11)D,928 M191 323 906 795 Page 14 contInu1...
Holdemess House The Charity of Thomas Robinson Ferens for a Home of Rest Notes to the Financial Statements - continued for th• ywf d•d 30th Apfll 2024 SUPPORT COSTS Admlni81ralion Property oxpgns05 upkoop Gardens Govemanca upkogp CC61$ Totals Stsff and agerry costs Pr8mis8s running o)sts AdmlnistralNé SUPPOrt costs DepreciaUon 29.792 111228 29,792 194.2 683 15,388 19.396 57.006 77.202 22.695 161416 323 968 AUDITORS. REMUNERATION Ch8rf18bl8 activit and gov8manc8 costs include alit remuner8llon for 8udlt 8eNlce8 of £8,173 12023 £6,917> and £3,25412022 £2.0041 for non audh 88Ntces. TRUSTEES. REMUNERATION AND 8ENEFrrs Thgro were Iru8te85' remun0rntl( or Lthgr benefi18 lor the year 30th Aprll 2024 nor for the year erded 30th Aprll 2023. Tru•t•H' •¥p•n• There wern no tnJ8tee8' exp8n888 pakl for 8N18d 30th Wl 2024 nor ICY th8 yè8r èndèd 30th A4>ri12023. 8TAFF COSTS 2024 2023 Wages ond 58larle8 Soclal securfty costs other pen81on costs 822.903 56.814 784.780 52,664 893 707 The average monthly numbèr of empw duvkng Ihg ygw wa8 08 folow8: 2024 47 2023 47 Olrect st8ff Supp¢xt slaff 48 No employegs r8C8fvgd emolonI5 In oX(w of£eo,Ixio. Jring the prnr year, the charfty made tarmln&tTon payments tol8llirYJ £6,698. Pago 15 onttnu•J...
Holderness House The Charity of Thomas Roblnson Ferens for a Home of Rest Notes to the Financial Statements - continued lor th• y•ar •nd•d 30th Aprtl 2024 10. TANGIBLE FIXED ASSETS Ftre& and ftttiNJs Freehokl Total8 COST At 1st May 2023 AddrtK)ns 960,154 859,815 1,819,969 At 30th hprfl 2024 DEPRECIATION At 1st May 2023 Charge for year 757.013 757.013 At 30th Aprfl 2024 NET 8OOK VALUE AI 30th Aprfl 2024 1046 961 At 30th Aprfl 2023 1 082 958 11. FIXED ASSEf INVEsfMENTS Ca$h gnd 88lllem•nts panding Invo8tmonl8 Totalj MARKET VALUE Al 181 M8y 2023 Additlon8 Disp08al8 RevalualIcB C8&Ntal wllhdrawn Man¥m8nl 1008 1939.024 391.420 (415,676) 144.849 283.618 1391,420) 415.676 4222,642 144,849 121x1,000) 1200.0001 AI 30th Aprfl 2024 4151751 NET BOOK VALUE At 30th April 2024 4 059,617 4 151751 AI 30th Aprtl 2023 3 939 024 283 618 Thwe re no Inve8tment a85èts out8klg U(. Pogg 16 contlnued...
Holdemess House The Charlty of Thomas Robinson Ferens for a Home of Rest Notes to the Financial Statèmènts - continued for th• y•ar Ond 30th Aprll 2024 11. FIXED AS8Ef INVESTMENTS- ¢ontlnu•d Cost or valugtion 8t 30th April 2024 repf88anl•J by. Ca•h and Ll•t•d ••ttl•m•nt InvMtm•nt pondlng Total• Valuatlon In 2024 4OSg.617 4.059.617 4059017 134 4151751 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tr8¢Je dobtor8 Prgpayrnanls and accruwj Income 1.77T 516 293 13. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 Trade credltor8 Taxation ofKI 80C4al securfly Olhw creditofB 4790 6.310 19,109 7,507 1& PAOVEMENT IN FUND8 Net At 30.4.24 Al 1.&23 in funds Unr•*trlct•d fund• Genoral fund 5,412,640 159,0061 5,353.134 Endowmgnt fvnds Endowment fund 17.620 17,620 TOTAL FUND8 5 430 280 59 0001 S 371 254 Page 17 conUrwJ8d...
Holderness House The Charity of Thomas Robinson Ferens for a Homo of Rest Notes to the Flnancial Statements - contlnued for th• y•ar Md•d 30th A>rll 2024 14. MOVEMENT IN FUNDS- ntInUed Not rbKwem8nt in fuThJs, IndUd in the above arn a8 fdlows: Incomlng resource8 R88ewces expend8d Galn8 and k>s888 Movemanl Sn tund8 Unre8trlct•d fvnd General fund 1,057,180 (1,261.5351 144.849 159,006) TOTAL FUNDS 144 849 Compara• for mov•m•nt kn fvn Nel movemgnl In fundi At 30.4.23 Al 1.5.22 Unr•strfct•d fvnd• G•nèr81 fund 5,335,011 77,629 5.412,fj40 Endowm•nt fvnd• Endowment 17,620 17,620 TOTAL FUNDS 5 352 631 5 430 260 Comparauve net rywement In fund8. 1rdJ•d In the above are a8 folow8.' Incon9 Re8ouw Galn8 8nd Movemgnl OXF¢nded 106888 In (und8 Unrn8trlctsd fvnd• General lund 1.088,521 11,231,905) 221.013 77,629 TOTAL FUNDS PBg8 18 c#yrtSnued...
Holderness House The Charlty of Thomas Roblnson Ferens for a Home of Rest Noto8 to thè Financial Stataments - continued for th• year •ndod 30th &>rll 2024 1& RELATED PARTY DISCLOSURES Mr A Beharrell (a trust8al is a dirgctor of SPS SentY Limited who hava suppli8d goods and services In the year o)Stlng £1,575 (2023.. £5,041}. The amunt thje lo 30 Aprfl 2024 was £132 {2023: £NII). Key management porBonno1 costs in the year, exdudirvJ tru5tee8. tclalled £70,087 (2023: £65,1). 16. POST BALANCE SHEET EVENTS During M8y 2024 the L*adty corKluded consumatlons wlth re81dents aTrJ staff w8rdlng the futuro of tho care hor. Following tho eon8uitatbris the tru8tse8 made the decbkjn to dose tha Care hom8 88 swn a8 r8ason8bly possSbl&, wlth a vlaw lo prftyi1ing the best Interosls of the resKlent8. The core )m 818ff wer8 fom)alty made redundant In Seplomber 2024 8fter the final residents were asslsled In findlng artamaliv8 hom88. The ctharSty Incurr8d r8dundancy costs of £235.090 which are not provlded for in ItW8 fln8ncl81 $ts1omor)ts cfft Ihe b88is th81 tho decl( W88 made after the b81ance sh8&t d8te. In cg)nSunctlon th th8 dethbn lo cbsethe car8 homè, charfty ha8 8tyJghl apprnval from the Charfly Commisslon lo broadgn of Its chgrilablo rt18¢ts wrroundlng w•Jor c4Jrnmunty use and 8ng8g6m8nt. Tho tru8t888 are currerfy engagod In the Bnd pha8e of Ihelr 8lraleglc revl8w relallng lo th8 future Uee of the hou59 gnd grounds. In thg MntIMa. the ¢harlty conllnués lo hold invtslment8 and Incur xpendknrv on mèlntenanco of the and garden8, albelt al a nwJthroduc•d levol. Page 19