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2025-04-30-accounts

REGISTERED CHARITY NUMBER:223669

Holderness House

Financial Statements

30 April 2025

SD-0220634-1-6

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

Contents of the Financial Statements for the year ended 30th April 2025

Page
Trustees' Report 1 to 4
Report of the 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 20

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

Trustees' Report for the year ended 30th April 2025

The trustees present their report with the financial statements of the charity for the year ended 30th April 2025. 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 at the beginning of the financial year has been the continued care and welfare of the residents, to provide them with a safe, sociable and friendly environment whilst undergoing a supported process to relocate residents and cease care home functions.

The objective since our last resident leaving in July 2024 has been on the safe shut down of operations and in planning the conservation and future use of the house and grounds in partnership with the Charity Commission and Local Authority.

Strategies to achieve the year's objectives

These include the continued close involvement of the trustees and the executive management team. During this period, Trustees have been supported by external specialists to oversee the closure of care home functions and to manage operations of the house and grounds as the care team left our employment. The trustees, in addition to attending regular meetings, support monthly visits to monitor the performance of staff, and to agree schedules of maintenance of the buildings, grounds and equipment.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities for the public benefit

During May 2024 the charity concluded consultations with residents and staff regarding the future of the care home. Following the consultations the trustees made the decision to close the care home as soon as reasonably possible, with a view to prioritising the best interests of the residents. The final resident moved to alternative accommodation in July 2024. The care home staff were formally made redundant in September 2024 after the final residents were assisted in finding alternative homes.

In conjunction with the decision to close the care home, the charity has sought approval from the Charity Commission to broaden aspects of its charitable objects surrounding wider community use and engagement. Formal Change of Use allowing greater community use was granted by the Local Authority in December 2024.

The trustees are currently engaged in the second phase of their strategic review relating to the future use of the house and grounds. In the meantime, the charity continues to hold investments and incur expenditure on the maintenance of the house and gardens, albeit at a much-reduced level.

FINANCIAL REVIEW

Principal funding sources

The amount of income received from fundraising and donations is insignificant. With care home operations and therefore contributions from residents reducing substantially during the year, reliance is on 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 £3,623,776 (2024: £4,151,751) which includes amount held in cash by the investment managers of £114,412 (2024: £92,134) at the balance sheet date. Investment income in the year totalled £104,216 (2024: £106,953).

Page 1

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

Trustees' Report for the year ended 30th April 2025

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 operations. 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 2025 the free reserves were £42,303 (2024: £172,542) and the trustees are continuing to monitor the position. Given the closure of the home and the changes set to be implemented following the strategic review, it is predicted that approximately £100,000 will be required to be drawndown from the investment portfolio in each of the next two years. Total funds carried forward totalled £4,664,970 (2024: £5,371,254) split between unrestricted funds of £4,647.350 (2024: £5,353,634) and endowment funds of £17,620 (2024: £17,620).

Going concern

The trustees, having considered the available information, have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

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 attributable 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 two months to discuss the strategy, policies, financial matters and general running of the Charity. The day to day running of the Home of Rest was delegated to a professional management team who oversaw the closure of care home operations. Day to day running of the charity was delegated to a specialist consultant.

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 Rathbones Investment Management Limited to hold the investments of the Charity as their nominees.

Page 2

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

Trustees' Report

for the year ended 30th April 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Key management remuneration

For the period of 1st May 2024 to 30th September 2024, the trustees considered 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. Since this point, the CEO, clerk and matron were replaced with a specialist consultant. 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 £4,154 (2024: £1,500) relating to the year ended 30 April 2025. Other transactions with related parties are disclosed in note 19 to the financial statements.

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. This work, over a period of years, had a direct impact on the decision to cease care home operations.

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 House Holderness Road Hull East Yorkshire HU8 8QX

Trustees

R M Miles (Chair) A J Beharrell S Crum A Barber

Auditors

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

Page 3

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

Trustees' Report

for the year ended 30th April 2025

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

NatWest Bank Plc 34 King Edward Street Hull HU1 3SS

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".

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they 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 and The Charity (Accounts and Reports) Regulations 2008. 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.

17 Nov 2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. R M Miles - Trustee

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 2025 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.

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:

Page 5

Report of the Independent Auditors to the Trustees of Holderness House

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.

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 have a direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011, 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:

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

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

Page 6

Report of the Independent Auditors to the Trustees of Holderness House

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.

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.

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 to 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 21 Nov 2025 Date: .............................................

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 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Residents contributions and rents
Community use - hire of facilities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
Investment management costs
6
Charitable activities
7
Staff and agency costs
Premises running costs
Residents direct care
Administrative support costs
Depreciation & impairment charges
Community grants
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
25
73,057
7,350
627
104,215
185,274
20,070
20,070
592,293
149,810
2,475
100,224
53,906
9,875
928,653
37,095
(706,284)
5,353,634
4,647,350		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
17,620
17,620		 2025
Total
funds
£
25
73,057
7,350
627
104,215
185,274
20,070
20,070
592,293
149,810
2,475
100,224
53,906
9,875
928,653
37,095
(706,284)
5,371,254
4,664,970		 2024
Total
funds
£
-
950,727
-
-
106,953
1,057,680
15,740
15,740
893,707
194,277
34,191
100,925
22,695
-
1,261,535
144,849
(59,006)
5,430,260
5,371,254

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 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Endowment funds
TOTAL FUNDS		 2025
Unrestricted
Endowment
Total
fund
fund
funds
£
£
£
981,271
17,620
998,891
3,623,776
-
3,623,776
4,605,047
17,620
4,622,667
18,174
-
18,174
63,162
-
63,162
81,336
-
81,336
(39,033)
-
(39,033)
42,303
-
42,303
4,647,350
17,620
4,664,970
4,647,350
17,620
4,664,970
4,647,350
17,620
4,664,970		 2024
Total
funds
£
1,046,961
4,151,751
5,198,712
5,293
210,045
215,338
(42,796)
172,542
5,371,254
5,371,254
5,353,634
17,620
5,371,254

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 17 Nov 2025

.............................................

R M Miles - Trustee

............................................. A Barber - Trustee

The notes form part of these financial statements

Page 9

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

Cash Flow Statement for the year ended 30th April 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Sale of fixed asset investments
Interest received
Dividends received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2025
£
(799,733)
(799,733)
(6,340)
9,975
545,000
1,248
102,967
652,850
(146,883)
210,045
63,162		 2024
£
(277,158)
(277,158)
(6,700)
-
200,000
3,003
103,950
300,253
23,095
186,950
210,045

The notes form part of these financial statements

Page 10

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 2025

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

Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Profit on disposal of fixed assets
Interest received
Dividends received
Investment management fees
Impairment of assets
Increase in debtors
Decrease in creditors
Net cash used in operations		 2025
£
(706,284)
22,566
(37,095)
(9,471)
(1,248)
(102,967)
20,070
31,340
(12,881)
(3,763)
(799,733)		 2024
£
(59,006)
22,695
(144,849)
-
(3,003)
(103,950)
15,740
-
(301)
(4,484)
(277,158)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.24 Cash flow At 30.4.25
£ £ £
Net cash
Cash at bank and in hand 210,045 (146,883) 63,162
210,045 (146,883) 63,162
Total 210,045 (146,883) 63,162

The notes form part of these financial statements

Page 11

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

Notes to the Financial Statements for the year ended 30th April 2025

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 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.

Going Concern

The trustees, having considered the available information, have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

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 costs are allocated to the applicable expenditure headings.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

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 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

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.

Fixtures and fittings are depreciated at 15% 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.

Termination benefits

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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 2025
2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Other Income
4.
INVESTMENT INCOME
Income from listed investments
Interest receivable
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Contributions from
residents
Residents contributions and rents
Rents received
Residents contributions and rents
Grants
Residents contributions and rents
Facilities hire -community
use
Community use - hire of facilities
6.
INVESTMENT MANAGEMENT COSTS
Portfolio management		 2025
£
25
2025
£
627
2025
£
102,967
1,248
104,215
2025
£
67,077
5,980
-
7,350
80,407
2025
£
20,070		 2024
£
-
2024
£
-
2024
£
103,950
3,003		 2024
£
-
2024
£
-
2024
£
103,950
3,003		 2024
£
-
2024
£
-
106,953
2024
£
944,237
5,740
750
-
950,727
2024
£
15,740

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 2025

7. CHARITABLE ACTIVITIES COSTS

7.
CHARITABLE ACTIVITIES COSTS
Staff and agency costs
Premises running costs
Residents direct care
Administrative support costs
Depreciation & impairment charges
Community grants
8.
GRANTS PAYABLE
Community grants
The total grants paid to institutions during the
R-evolution Horticultural Grant
9.
SUPPORT COSTS
Administration
expenses
£
Staff and agency costs
12,524
Premises running costs
105,754
Administrative support
costs
12,395
Depreciation &
impairment charges
-
130,673		 Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
8)
note 9)
£
£
£
579,769
-
12,524
6,705
-
143,105
2,475
-
-
8,044
-
92,180
-
-
53,906
-
9,875
-
596,993
9,875
301,715
2025
£
9,875
year was as follows:
2025
£
9,875
Property
Gardens
Governance
upkeep
upkeep
costs
£
£
£
-
-
-
33,146
4,205
-
-
519
79,266
53,906
-
-
87,052
4,724
79,266		 Totals
£
592,293
149,810
2,475
100,224
53,906
9,875
908,583
2024
£
-
2024
£
-
Totals
£
12,524
143,105
92,180
53,906		 2024
£
-
2024
£
-
301,715

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 2025

10. AUDITORS' REMUNERATION

Charitable activities and governance costs include auditors remuneration for audit services of £10,168 (2024 £8,173) and £2,707 (2024 £3,254) for non audit services.

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th April 2025 nor for the year ended 30th April 2024.

Trustees' expenses

There were trustees' expenses paid to one trustee for the year ended 30 April 2025 for £443 which relates to administrative support costs.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
549,338
36,358
6,597
592,293		 2024
£
822,903
56,814
13,990
893,707

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

Direct staff
Support staff		 2025
15
1
16		 2024
47
1
48

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

During the year, the charity made termination payments totalling £235,090 (2024: £6,898). Key management personnel remuneration for the year totalled £98,604 (2024: £70,067).

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 2025

13. TANGIBLE FIXED ASSETS

COST
At 1st May 2024
Additions
Disposals
Impairments
At 30th April 2025
DEPRECIATION
At 1st May 2024
Charge for year
Eliminated on disposal
Impairments
At 30th April 2025
NET BOOK VALUE
At 30th April 2025
At 30th April 2024
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st May 2024
Additions
Disposals
Revaluations
Capital withdrawn
Management fees
At 30th April 2025
NET BOOK VALUE
At 30th April 2025
At 30th April 2024		 Freehold
property
£
960,154
-
-
-
960,154
-
-
-
-
-
960,154
960,154
Listed
investments
£
4,059,617
451,968
(1,039,316)
37,095
-
-
3,509,364
3,509,364
4,059,617		 Fixtures
and
fittings
£
866,515
6,340
(192,986)
(82,122)
597,747
779,708
22,566
(192,482)
(50,782)
559,010
38,737
86,807
Cash and
settlements
pending
£
92,134
(451,968)
1,039,316
-
(545,000)
(20,070)
114,412
114,412
92,134		 Totals
£
1,826,669
6,340
(192,986)
(82,122)
1,557,901
779,708
22,566
(192,482)
(50,782)
559,010
998,891
1,046,961
Totals
£
4,151,751
-
-
37,095
(545,000)
(20,070)
3,623,776
3,623,776
4,151,751

There were no investment assets outside the UK.

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 2025

14. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30th April 2025 is represented by:

Listed
investments
£
Valuation in 2025
3,509,364
Cost
-
3,509,364
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
17.
MOVEMENT IN FUNDS
At 1.5.24
£
Unrestricted funds
General fund
5,353,634
Endowment funds
Endowment fund
17,620
TOTAL FUNDS
5,371,254		 Cash and
settlements
pending
£
-
114,412
114,412
2025
£
16,422
1,752
18,174
2025
£
31,147
278
7,608
39,033
Net
movement
in funds
£
(706,284)
-
(706,284)		 Totals
£
3,509,364
114,412		 Totals
£
3,509,364
114,412
3,623,776
2024
£
1,777
3,516
5,293
2024
£
24,790
6,310
11,696
42,796
At
30.4.25
£
4,647,350
17,620		 2024
£
1,777
3,516
5,293
2024
£
24,790
6,310
11,696
42,796
4,664,970

Page 18

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 2025

17. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS		 Incoming
resources
£
185,274
185,274		 Resources
expended
£
(928,653)
(928,653)
At 1.5.23
£
5,412,640
17,620
5,430,260		 Gains and
losses
£
37,095
37,095
Net
movement
in funds
£
(59,006)
-
(59,006)		 Movement
in funds
£
(706,284)
(706,284)
At
30.4.24
£
5,353,634
17,620
5,371,254

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,057,680
1,057,680		 Resources
expended
£
(1,261,535)
(1,261,535)		 Gains and
losses
£
144,849
144,849		 Movement
in funds
£
(59,006)
(59,006)

Page 19

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 2025

18. RELATED PARTY DISCLOSURES

The son of trustee Mr A Beharrell, is a director of SPS Security Limited, who have supplied goods and services in the year costing £8,756 (2024: £1,575). The amount owed to 30 April 2025 was £312 (2024: due to £132

This page does not form part of the statutory financial statements

Page 20

Issuer

Issuer Smailes Goldie Document generated Thu, 13th Nov 2025 8:15:40 GMT Document fingerprint 43f43863fa3cc9c674fec5988cabe77f

Parties involved with this document

Document processed

Party + Fingerprint

Mon, 17th Nov 2025 17:55:44 GMT Tue, 18th Nov 2025 10:03:28 GMT Tue, 18th Nov 2025 10:16:35 GMT Fri, 21st Nov 2025 10:52:00 GMT

Richard Miles - Signer (1bb7a6b4de7d22509f94f3fefc55dd7b) Andrew Barber - Signer (db40998816a832b7764939e6f40639e8) Samantha Hesford - Signer (83aabb67ae242b599f26c432e3d34428) Smailes Goldie - Signer (814619a99cd2df551c3a09803369584f)

Audit history log

Date Action Thu, 13th Nov 2025 8:15:40 GMT Envelope generated by Jordan Tyson (213.249.229.122) Thu, 13th Nov 2025 8:15:40 GMT Document generated with fingerprint 43f43863fa3cc9c674fec5988cabe77f (213.249.229.122) Thu, 13th Nov 2025 8:15:41 GMT Document generated with fingerprint 91fe070209535d608c6d8364657bbf54 (213.249.229.122) Thu, 13th Nov 2025 8:15:41 GMT Document generated with fingerprint d2d35abaee1a7e0d5fb7b2f8196e27d6 (213.249.229.122) Thu, 13th Nov 2025 8:22:18 GMT Sent the envelope to Richard Miles (richardmiles2904@gmail.com) for signing (213.249.229.122) Thu, 13th Nov 2025 8:22:19 GMT Document emailed to richardmiles2904@gmail.com Thu, 13th Nov 2025 8:24:06 GMT Richard Miles opened the document email. (66.249.93.76) Thu, 13th Nov 2025 8:24:26 GMT Richard Miles opened the document email. (66.249.93.74) Thu, 13th Nov 2025 8:24:30 GMT Richard Miles opened the document email. (66.249.93.77) Thu, 13th Nov 2025 8:24:34 GMT Richard Miles opened the document email. (66.249.93.75) Thu, 13th Nov 2025 8:24:37 GMT Richard Miles opened the document email. (66.249.93.76) Thu, 13th Nov 2025 8:28:33 GMT Richard Miles opened the document email. (66.249.93.73) Thu, 13th Nov 2025 8:28:41 GMT Richard Miles opened the document email. (66.249.93.74) Thu, 13th Nov 2025 9:15:15 GMT Richard Miles opened the document email. (66.249.93.75) Thu, 13th Nov 2025 12:07:05 GMT Richard Miles opened the document email. (66.249.93.75) Thu, 13th Nov 2025 13:54:22 GMT Richard Miles opened the document email. (66.249.93.74)

Thu, 13th Nov 2025 14:43:13 GMT Thu, 13th Nov 2025 14:43:17 GMT Thu, 13th Nov 2025 14:43:20 GMT Thu, 13th Nov 2025 14:44:08 GMT Thu, 13th Nov 2025 16:27:21 GMT Thu, 13th Nov 2025 18:28:16 GMT Thu, 13th Nov 2025 21:38:59 GMT Thu, 13th Nov 2025 21:42:06 GMT Fri, 14th Nov 2025 7:54:51 GMT Fri, 14th Nov 2025 8:40:49 GMT Fri, 14th Nov 2025 8:41:11 GMT Fri, 14th Nov 2025 11:01:50 GMT Sat, 15th Nov 2025 8:23:07 GMT Sat, 15th Nov 2025 8:45:44 GMT Sat, 15th Nov 2025 8:45:53 GMT Sat, 15th Nov 2025 8:45:56 GMT Sat, 15th Nov 2025 8:46:26 GMT Sat, 15th Nov 2025 8:46:40 GMT Sat, 15th Nov 2025 10:26:36 GMT Sat, 15th Nov 2025 10:31:47 GMT Sat, 15th Nov 2025 10:39:05 GMT Sat, 15th Nov 2025 14:22:57 GMT Sat, 15th Nov 2025 21:24:40 GMT Sun, 16th Nov 2025 7:45:47 GMT Sun, 16th Nov 2025 11:22:21 GMT Sun, 16th Nov 2025 18:21:53 GMT Sun, 16th Nov 2025 22:44:43 GMT Mon, 17th Nov 2025 7:54:30 GMT Mon, 17th Nov 2025 7:57:54 GMT Mon, 17th Nov 2025 8:24:03 GMT Mon, 17th Nov 2025 8:42:20 GMT Mon, 17th Nov 2025 8:42:22 GMT Mon, 17th Nov 2025 8:42:24 GMT Mon, 17th Nov 2025 9:10:52 GMT Mon, 17th Nov 2025 9:20:58 GMT Mon, 17th Nov 2025 9:20:58 GMT Mon, 17th Nov 2025 12:35:56 GMT Mon, 17th Nov 2025 12:35:58 GMT Mon, 17th Nov 2025 17:53:57 GMT Mon, 17th Nov 2025 17:53:58 GMT

Richard Miles opened the document email. (66.249.93.70) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.70) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.71) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.68) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.75) Document emailed to richardmiles2904@gmail.com Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.65) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.66) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.66) Richard Miles opened the document email. (66.249.93.65) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.75) Richard Miles opened the document email. (66.249.93.73) Document emailed to richardmiles2904@gmail.com Richard Miles opened the document email. (66.249.93.76) Richard Miles opened the document email. (66.249.93.75) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (194.207.202.153) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.74) Richard Miles opened the document email. (66.249.93.72) Richard Miles opened the document email. (66.249.93.73) Richard Miles opened the document email. (66.249.93.73)

Mon, 17th Nov 2025 17:54:11 GMT Mon, 17th Nov 2025 17:55:44 GMT Mon, 17th Nov 2025 17:55:44 GMT

Mon, 17th Nov 2025 17:55:45 GMT Mon, 17th Nov 2025 21:37:06 GMT Mon, 17th Nov 2025 21:37:06 GMT Tue, 18th Nov 2025 10:02:51 GMT Tue, 18th Nov 2025 10:03:28 GMT Tue, 18th Nov 2025 10:03:28 GMT

Tue, 18th Nov 2025 10:03:30 GMT Tue, 18th Nov 2025 10:03:56 GMT Tue, 18th Nov 2025 10:16:25 GMT Tue, 18th Nov 2025 10:16:35 GMT Tue, 18th Nov 2025 10:16:35 GMT

Tue, 18th Nov 2025 10:16:37 GMT Tue, 18th Nov 2025 10:16:59 GMT Wed, 19th Nov 2025 8:25:03 GMT Wed, 19th Nov 2025 8:25:25 GMT Fri, 21st Nov 2025 8:26:04 GMT Fri, 21st Nov 2025 8:26:23 GMT Fri, 21st Nov 2025 10:51:03 GMT Fri, 21st Nov 2025 10:51:19 GMT Fri, 21st Nov 2025 10:52:00 GMT Fri, 21st Nov 2025 10:52:00 GMT

Richard Miles viewed the envelope (5.198.63.151) Richard Miles signed the envelope (5.198.63.151) Sent the envelope to Andrew Barber (andybarber@beverleyhousingcharity.org) for signing (5.198.63.151) Document emailed to andybarber@beverleyhousingcharity.org Andrew Barber opened the document email. (194.207.185.192) Andrew Barber opened the document email. (194.207.185.192) Andrew Barber viewed the envelope (194.207.202.153) Andrew Barber signed the envelope (194.207.202.153) Sent the envelope to Samantha Hesford

(Samanthahesford@smailesgoldie.co.uk) for signing (194.207.202.153) Document emailed to Samanthahesford@smailesgoldie.co.uk Samantha Hesford opened the document email. (72.145.76.10) Samantha Hesford viewed the envelope (213.249.229.122) Samantha Hesford signed the envelope (213.249.229.122) Sent the envelope to Smailes Goldie (stevebramall@smailesgoldie.co.uk) for signing (213.249.229.122)

Document emailed to stevebramall@smailesgoldie.co.uk Smailes Goldie opened the document email. (72.145.83.96) Document emailed to stevebramall@smailesgoldie.co.uk Smailes Goldie opened the document email. (48.209.223.3) Document emailed to stevebramall@smailesgoldie.co.uk Smailes Goldie opened the document email. (48.209.223.79) Smailes Goldie viewed the envelope (213.249.229.122) Smailes Goldie viewed the envelope (48.209.223.64) Smailes Goldie signed the envelope (213.249.229.122) This envelope has been signed by all parties (213.249.229.122)