E Smalles Goldie
Ch•fity number 224193
Hull Aid In Sickness Trust
Financlal Statements
30th August 2025
ICAIW
CHAR TERED
ACCOVNTANYS

The Hull Aid in Sickness Trust
Contents
Pag•
Roferencè and Adminislralive Information
Tru$le•$' Report
Independ¢nt Examiner's R•port
Siatarnént of Financial Acliviti&s
8alance Sheet
Ngles 1¢ the Financial Slalemenls
10-13

The Hull Aid in Sickness Trust
Reference and Administrative Information
forthe y8ar ended 30th August 2025
Name of Charity:
The Hull In Sickness Trust
Charlty Reglstratlon No.:
224193
Prlnclpal Address..
The Strand. 75 8everley Road, Hull, HU3 1XL
Trust•es.'
Co-optatlve Trust•e8:
Revefend J Allen Bagshaw&
Mfs Valérie Horspool (deceased 1S109120241
Mf Peter J D Brewer
Honorary Alderrnan Mrs Patricia Ellis
Mr John Roughley ITesi9ned 31110120241
Mr Timothy Durkin
Mr Alan Hardy
Nomlnatlve Trusteè..
Councillor Burton (resigned 27101120261
Councillor Grozav (appointed 2710112026}
Bankers..
Natsvest Bank Plc. 34 King Edward Street, Hull, HU13SS
Virgin Money. 10-12 Paragon SITeet. Hull. HU1 3ND
Independent Exarnlner:
Smalles Goldie, Regents Court, Princess Street, Hull, HU2 88A
Soll¢hors',
Gosschalks, Oueens Gardens, Dock Street. Hull, HU1 3DZ
Andrew Jackson SolicitOT5, Marina Court. Castle Street, Hull, HU1 1TJ
Investmont Advisers
Casllefield. 9th Floor. 111 Piccadilly, Manchestèr, M12HY
Clerk to the Trustees
Hull CVS Ltd, The Strand, 75 Beverley Road, Hull. HU3 1XL.

The Hull Aid in Sickness Trust
Trustees Report
forth8 ye8r&ndecl 30th August 2025
The Trustees present their report along with financial statements of the charity for the year ended
30 August 2025. The financial statements have been piepar8d in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted AcGounling
Practice).
Governlng Do¢um•nt
The charity was formed on 30 August 1957 and is regulated by a scheme of the Charity
Commissioners dated 2 January 1973 and as affected by resolution made under s74 of the Charities
Act 1993 on 25 May 2011. The Trust does not actively fundraisa and seeks to continue its charrtable
work through the careful management of ils existing resources.
Trustees Certlflcate of IncorporalSon
A Certificate of Incorporation was granted to the Trustees by the Charity Commissioners dated 18
November 1993 in the name of'The Incorporated Tru5tee5 of the Hull Aid in Sickness Trust,.
Trustees, Responslbllltlos
The TfUStee$ are responsible for preparing the Trustees. Report and the finan￿al statements in
accordance wrth applicable law and Un'rted Klngdom Accounting Standards (United Kingdom
Generally AC￿pIe￿ Accounting Practice}.
The law applicable lo charities in England and Wales requires the Tru51ees lo prepar8 financial
statements for each financlal year which give a true and fair view of the stale of affairs of the charity
and of the incomlng resources and appllcallon of reSoUr￿S of the charty for that year. In prepariro
thes& financial statements. the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the char￿leS SORP",
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting st8ndards have been followed, Subject to any material
departures disclosed and explained In the financial statements-,
prepare the financial statements on a goiry concem basis un185s il is inappropriate to
presume that the charity will continue in operation.
The Trustees are responslble for keeping a¢¢ountlng records that disclose with reasonable accuracy
al any time the financial position of the charity and enable them lo ensure that the financial
slalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulats'ans
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
irregularlties.

The Hull Aid in Sickness Trust
Trustees Report
lorthe ￿￿rended 301h AuLTusI 2025
Co<4ptstive and Nomlnatlve Trustees:
The Co-oplalive TnJstee$ are appointed by the board of Trustees for a term of five years after which
they may put themselves forward fof re-appointment. The Nominative Trustee is appointed by the
Kingston upon Hull City Council for four years or al the discretion of the Council, and may then be
r&appoinled. The Trust's goveming document provides for 6 Co-optative Trustees and 1 Nominatsve
TNstee.
The Trust'8 S¢hom& dlctates that Co-oplativ8 Trustees musl be person5 who through residenca,
occupation or employment, or otherwise, have speclal knowledge ofthe City and County of King51on
upon Hull. Candidates for the post will have been pgrsonally recommended, asked to providg
written synopsis detailing their skills, knowledge and experience. Each candidate will be provided
with a Trustees 'Enquiry Pack, containing copies of the Trustees role description, the 'Essenlial
Trustee,, recent Trust Minutes and Trustees Annual Report and Financial Statements, and the
TnJst'$ History. The Trust's Scheme. all of the Trust's policy and procedural documents. and a copy
of 'Charilies and Public 8enèfrt' are provided once elected and new Trustees musl 8lso sign a
'Declaralion of Eligibility for New Trustees,.
The Trustees meet every quarter lo consider the grants, investments, reserves and risk management
of the Trusl. Any reviéws from the Investrnenl Manager. or changes to assets will also be reviewed
befvJo&n méetings as needed.
The day lo day administration of the charity ts undertaken by Hull CVS. which is responsible for the
maintaining of the records of the Trust and preparing applications and other documents for
cons￿er8t10n by the Trustees at their meeting5. All Trustees give of Ihelr time freely and no Trustee
remuneration was paid in the year. Details of Trustee expenses are disclosed in note 7 to the
Accounts. Tru61ees are expected lo withdraw from decisions where a conflict of inlerest arlsas,
Rlsk Managefflent
The Trustees have considered and identlfsed all rlsks to whlcti tha Trust is exposed and have
eslabllshed systems and procedures to manage those risks.
The Trustees consider the varfability of investment retum3 on the Trusys endowment funds to
¢on5tilule the charity's major financial risk as the Tru¥l Is dependent entirely on thi5 income and has
no other income source. The Trustees employ an Inve$trnent Manager to handle the Trust's
investmen15 on the basis of an agreed investment strategy for an ethical bespoke porttolio and in
accordance wrth the Trust's Investment Policy, Reports and valuations of the Trust's holding5 are
provided for con¥ideration at every quarterly meeting.
The Trust's major operational risk 15 the unpredictability of grant applicats'ons on an annual basis.
particularty those received from individuals. The Tfuslee5 manage this risk with promotion of the
charity's grant making activities lo all three of the Tru51's main beneficiary groups whenever any
reduction in individual application numbers is recorded. Reporting and review of applications al every
Trust meeting also gives opportunities throughout the year to determine if further promotional
responses are required and 9ives greater flexibility to the Trust's charitable activities.

The Hull Aid in Sickness Trust
Trustees Report
for thg y8ar ended 301ts August 2025
Objectives for the publlc beneflt
The object of the Trust IS to apply Clear income of the Charity in relieving in cases of need p8rsons
residènt in the Cty and County of Kingston upon Hull who are sick, convalescent, disabled.
handicapped or infimi by providing or paying for items, seTvices or facilities which are calculated to
alleviate the sufferin9 or assist recovery of such persons in such cases but that are not readily
available to them from other sources. The Trustees confirm that they have referred to the guidance
contained in the Charity Commission'$ general guidan￿ on public benefit when reviewing the Trust's
aims and objectives and in planning future aclivilies.
Restrlctlons
In applying the Income of the Charity the Trustees Shall observe the following restri¢tions'.
1. they shall not apply any part of thé income directly for the relief or assistance provided out
of public fund5.
2. they shall not commlt themselves to repeal or renew relief granted on any occaslon In any
case.
Actlvltles during tho yoar
The Trustee5 continue lo meet physically for the purpose of overseeing the general management
and operation of the Trust and its portfolio of investments and giving consideration to applications
for financial assislance.
Grant maklng pollcy
The Trust has establishéd its grant making policy to achievé ils objects for the public benefll in aiding
those detailed in ils Scheme, and defined in its objects as follows..
Grants made lo individuals..
The Trust considers applications for grants by individuals who fvlfil the critefia given in its objects
and who can demonstrate their need by completing the Trust's application fomi aTrJ signing rts
dedaration, and by supplying supporting evidence and information.
All applicants will complete a sukable applicatlon form and declaration, which will be considered al
the next Trustees meeting. The Trustees reserve the right to withdraw from future funding rf they are,
at any time not satlsfied.
Gran
Work r Team
Throughout the year the Trust r￿1Ved 2 requests from local Social Workers acting on behalf of
agendes approved by the Trustees to be awarded a small sum for further disbursement amongst
their clients, and al their discretion, in cases of need. They must, on every occasion, provide
documentory evidence dernonslrating how grants previously approved have been utilised and
fulfilled the objects of the Trust.
Grants made lo the
ull branches of other charitable or
anisa
ions..
Submission of a summary of how any grant made would be used must be provided by any
organisations requesting grants and this use must fulfil the critena of providing a heatth benefft to
those in need and are residents of the City and County of Kingston upon Hull only.

The Hull Aid in Sickness Trust
Trustees Report
lor the year èndèd 301h August 2025
Achlevements and Performance
How our grant making policy delivered publi¢ benefit A feview of our achlevements and
performance".
The total value of all fomis of grants for this yeaT increased, with organisalional grant5 bw'ng the
highest. The trust prioritisas grant awards to individuals and social worker teams and makes awards
to organisations only where they feel they have the capacity lo do so.
Grant awanls were approvèd by the Trugteès Ihls year as follow5, and detalled In Nole 4 to
the Accounts:
> A total of 7 indivldual applicants were approved for a grant following the receipt of new and
satislactory application$.
No grants awardéd via the Special Fund for Individual Applicants following the rewpt
of no new and satisfactory applications.
The numter of charitable organisations approved this year was 6, eactt applicatlon was
carefully discussed lo ensure that they fvlfilled the Trust's criteria.
2 Grants were awarded lo social worker teams at lo￿1 agenci88 duTing the year for
disbursements in smaller amounts lo Hull patrenls who need urgent assistance.
Flnanclal Rgvlew
The Trust is totally reliant upon the income received frorn the investments held by the charity and
the financial objeclive is, wher8 possible, to distributè this income after meeting all expenses, t) the
beneficiaries of the Trust in the form of grants that achieve our objeelivès for the public benefit.
Dividend income. which forms the bulk of the Tru$l's income, has increased this year to a total of
£40.121 (2024- £42.759).
The Trust's other source of income from Bank and Building Society accounts increased this year to
£92712024 - £5961 and finally rental income of £1012024 - £501. Overall income for the Trust this
year of £41.05812024 - £43,405), a decrease of around 5.40/0 from the last financsal period.
The Trust's Statement of Financial Activities on page 8 shows that this year there was a resultant
surplus of £7,285 12024 - £17,636). This was due to an increased number of requests for support
compared to the previous year, and a reduction in dividend income being received from the
investment portfolio.
Support costs remained in line with last year, with a decrease to the investment charges due lo the
new formal implemented by Casllefield, these costs should remain lower going fotward with the
sam8 amount of in¢ome lo be requested when needed.
Reserve Pollcy:
Reserves in the form of cash hdd on deposrt are maintained at a level sUffiC￿nt to cover at least
quarters administration and support. These funds are identified wrthin the accounts as Contingen¢y
Funds. The reserves are classified as part of the Twsl's Unrestricted Fund but are designated for
this spacific purpose.

The Hull Aid in Sickness Trust
Trustees Report
forthe ye8rend6d Soth August 2025
Investment Pollcy and Performance
This financial period the Trust's Investrnent Manager, Castlefield have managed the portfolio in line
with the Trust's Investment Policy and agreed objectives.
Note g of the notes lo the financlal statements highlvJhts the overall value of movements in the
investment portfollo. These values indicate the changes necessary to meet the Trust's investment
objectives in the current financial climate and beyond, whilst still providing a level of monthly income
that will allow the Trust to continue to meet ils charitable objectives.
The dividend income this year was in line wrth the predicted valuation from Castlefield at the
beginning of the period. The level of income for this pgriod has been adequate to meet the Tfusl's
administratrve and charitable requirements. The Investment Manager and the Trustees are now
working to r￿leW the potential income from the porttolio over thé coming year, to allow accurate and
realistic budgets to be created.
The current value of the portfolio is E1.402.66212024- £1,423.3681 a negative rnovement of 1.5%
from the start of the financial year. The average yield from holdings is 2.470/0 recorded as al the year
end.
Future Plans
The Trustees intend lo continue making grants in a simllar manner to that experienced over the past
few yeaTS and wsth due consideration ol the Public Benefit Guidance. Continued changes lo local
services and to charity guidance however means that the Trustees intend lo continue lo monitor
working practices and the Trust's administrattve policy documents to ensu￿ that the Trust's funds
and 115 applicants remain protected.
In vlaw of the reduced number in applications over the recent years the Trust are working with Hull
CVS to find new contacts lo seek more applications to help those in need who are unaware of the
funds available to them,
In order to meet ils charitable need the
prud6nt manner whilst al the same li
Tru51's portfolio in Conjunction with t
rd intends to manage the funds under their control in a
maximising income generation and closely monitoring the
vestment Manager.
Choirman
271.5
2028
On b•haW ol th• board of Trustees

Independent Examinerfs Report to the Trustees of
The Hull Aid in Sickness Trust
I report to the ehanty trustees on my examinatSon of the actourts of the ¢harrty for the year erbjed
30 August 2025 which are sel out on pages 8 to 13.
Rospon8lbllltles and basis of report
As the charity's trustaes you are responsibl8 for the preparation of the 8ccounts in accordance with
the requi￿rnents of the Charities Act 2011 ('Ih8 Acl'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the
Act and in carying out my examination I have followed all the 8pplicable Directions given by the
Charity Commission under section 14515}Ib) of the Act.
Independent examlnorfs statement
I have completed my examination. I confirm that no material matters have come to my attenlion in
Connection with the examination glvSng me Cause to believe that in any material respect..
aecounling records were not kept in fespecl of the charity as required by seclion 130 of the
Act.. or
2. tho accounts do not accord with those records,. or
3, the accounts do not comply with the applicable requirements concerning the form and conterrt
of accounts set OLrt in the Charities {A¢¢ounts and Reports) Regulations 2008 other than any
requirement that the accounts give a'true and fair view, which 15 not a matter considered as
part of an Independent examination.
I have no concems and have come across no other matters in connecllon wlth the examination to
which attention shoukl be drawn in this report in order to enable a proper understanding of the
ccounts to be reached.
Nicki Shipley FCA
Smalles Goldie
Chartered Accountants
Regent's Court
Pnncess Street
Hul5
HU2 8BA
Els1
2026

The Hull Aid in Sickness Trust
Statement of Financial Activities lincorporating an Income and Expendtture Account)
for the y&arand8d 30th August 2035
Unr•stricted Contlngency Endowmant Total funds Total funds
funds
fund
funds
2025
2024
Not•
Incorng and oxp•nditure
Ineomlng r•gour¢os from
genorat•d funds
Activitie5 lor generating lund8'.
Ranls re¢gived
Divi¢Jends received
Inte￿st r8ceNed
10
10
40,121
927
50
42,759
596
40,121
927
Total incoming fesources
937
40,121
41.056
43,405
R•8ourcas eX￿nd•d
Raising funds
Choritable expanditur9
Support Costs
Governance cost
7,369
7.369
20.912
3,904
1,588
9,547
6,629
7,151
2,442
20.912
3,904
1,588
Total resources tsxpended
28,404
7.369
33.773
25.789
Net loutgoingllincoming
resources and movoment in
funds
125.4871
32,752
7.265
17,838
Trgnsfer be￿etn lund$
Invoslment gains in year..
R8alised
Unrè81ised
1134,2381
87,385
66,853
12921
3,153
194.9021
77.509
195,1941
80,662
42.411
36,883
8alances brtsughl forward 8t
31 August, 2024
247,248
9.948
1,262.048
1,519.244
1,422.314
Balances carried fomard at
30 August. 2025
87,543
80,194
1,344,260
1,511,997
1.519,244
The notas on pagès 10 to 13 forrn part ol these Financial Staternents.

The Hull Ald in Sickness Trust
Balance Sheet
at 30th August 2025
Not¢
2025
2024
Flxed as¥•ts
Tangiblg fixed assets
Invèstm8nls
Inv881menl Dealing Account
2,281
1,402,662
8,343
2,261
1.423,368
1,411,286
1,427,973
Current 4$8ets
Cash al bank and in hand
Debtors
110.868
60
104,536
50
110,92e
104,586
Llabllltl•s: Amounts falllng du• wlthln on• yèar
Accruals
110.1971
113.3151
N•t assfrts
1,511,997
1,519,244
Fund$
Unre5trKle
Contingency
Endowmonl
10
87.543
80,194
1,344,260
247,248
9,948
1,262,048
1.511,997
1,519,244
ved by the Board ol Truste96 on
2713
2028 And signed on its b*half by
Chair of the Tru$te•s
Vl¢• Chair of the Tru$ts•g
The not¢$ on pages 10 to 13 fom part ofthese Financial Statements.

The Hull Aid in Sickness Trust
Notes to the Financial Statements
for Iho yaar8nd8d 30th August 2025
Accountlng pollclo8
Accountlng ¢onv•ntlon
The financial 3latemants of the charity. which Is a public benefit entity undttr FRS 102, have
bean pr8pared in accordancè wrth the Charrtie5 SORP IFRS 1021 'Accounting and Reporting
by Charities" Statement of Recommended Practice applicable to charities pr8paring their
awunls in xcordan¢& with the Financial Reportlng Standafd applicable in the UK and
R&public ol Iraland IFRS 1021 lèffo¢live 1 January 20201,, and Fln8ncial Raporting Standard
102 'The Financial Reporting Standard applicable in the UK an¢J Republi¢ of Ireland.. Thè
nancial statements have been prèpared under the histarul ctsst convention except for the
revaluation ol investments.
b)
Voluntary In¢om•
Cash donation5, gifts arld legac+es are included in full in the Incom¢ and expenditure account
as they a￿ rècoiv8d. SignifKanl non-Gash donations are included In the income anrl
expenditure account al the Tru$lees' •slimole of their m8rkg1 value when received. The value
of voluntary hglp is not included In th• a¢¢ounls.
InY•stm•nt In¢om•
Bank Inleresl and dividend income 18 included in tha Income and oxp8nditure account on a
¢8sh bag1S.
d}
Exp•ndllu
Where exp8ndilure is incurred which relates lo mor• than on• Cost category. the expenditure
is apportioned over 811 relavant headings.
Invo8tmonts
Investments are staled at mathel valu& at tha balance sheel date. The statement of financial
#ctNitie8 Includes th• n•1 galns and losses on revaluatK*n And disposals throughout the year.
Tanglbl• flx•d a¥s•ts
Tanglble fixed 88set$ Comprise Land and buildings which ig included al cost.
Taxation
The association 18 a U.K. registered charity, number 224193. All the as$o¢iation'$ in¢ome ￿ applied
lo ils charitable objectwes and the association is, therefo￿. exempt under current legislation from most
forms of taxation.
10

The Hull Aid in Sickness Trust
Notes to the Financial Statements
lorthe year8ndgd 30th August 2025
Totsl
2025
T¢Jtal
2024
Ral$lng funds
Investrnenl man•g•¢8 fees
7,389
9.547
7,369
9,547
Total
2026
Total
2024
Charftabl• •xp•ndlture
Grants Av#*nl•d:
Individuals
Social worker learns
Olh•r charrtable organisalSonB
3,822
1,964
15,128
3.329
3,300
20,912
6,629
Totsl
2025
Tot•1
2024
Support co•ts
Servic• contract
Adverti$ing
Tr8vel expensey
Insurance
Over a¢¢Nal wiite off
7,000
243
50
151
13,5401
7,000
151
3,904
7.151
Toial
2025
Total
2024
Govemance costs
Account8n¢y fees
1,588
2,442
1,588
2,442
Total
202S
Total
2024
Trustees expenses
Total amount paid
50
The Trustees wèr* not entit￿d to and did not receive any other remuneraiion from the eharity during
the y$ar.

The Hull Aid In Sickness Trust
Notes to the Financial Statements
lor the year endod 30th August 2025
Tangible fixed 9$$ots
The Trust owns land and buildings in B8kef Street, fomierly known as Ihe Hull and Scukoate¥
Dispen$8ry. now let to the Department ol Health and Social Security for a term 0199 years from 1
August 1958 at an annual rental charge of £10 Ilfeehold and leasehold dctumenialion bdged wllh
Gosschalks Solicitorsl and with the ¢ondilion that mainlenan¢e and Buildings Insurance is upheld by
the tenant.
Invostm•nt a5$0ts
2025
2024
Market valu4:
At 31* August 2024
Addrtions
Di8posal$
Revaluation
1,423,368
1,264,610
11.365.978)
80,662
1,354.735
182,793
1151.0431
36.883
At 301h August 2025
1,402,662
1,423,388
Individual investments exc8eding 5% by value of the portrolio were as follows..
2025
2024
ConbrK) FD
First Sentior
Sarosln Funds
1.369.840
299,249
121,299
97,378
Unr￿trICt8d Contlng•ncy Endowm•nt
Fund•
fund
fund
Total
Funds
10.
Fund•
Al 31 sl August, 2024
Incoming resources for the year
Outgoing rosources for the year
Transfer5 btheen funds
Realisèd gains on inve$tmen15
Un￿alised gains on inv861ments
247,248
937
127.2581
1134,2381
9.948
1,262.048
40.121
17,3891
66,853
194,9021
77.509
1.519.244
41,058
134.6271
67,385
12921
3,153
195,1941
80,662
At 30th August, 2025
86,689
80.194
1,344,260
1,511,143
Reprosented by..
Tangib￿ fixod assets
Inv8Stmenl8
Cash held as part ol invastrnenl fund
Current 8sset$
Curront liabilitios
2,261
1.322,466
6,343
13,188
2,261
1,402,662
6,343
110,928
111,0511
80.194
97,740
111.0511
86,689
80.194
1,344.260
1,511,143
12

The Hull Aid In Sickness Trust
Notes to the Financial Statements
forllje yeaTended 301h August 2025
11.
Total r•turn Inve8tmonl of pemian¥nt endowment
Pemianenl
Invoytment
Portfollo
Unappliéd
Total Roturn
2026
At the b9glnning of the reportlng period
Gfft component ofttte pem18nent endi)wment
Unappli¢d total raturn
588.354
588,354
744,662
744,682
568,354
744,862
1,333.016
Movements in reporting perlod
Investment return". dividends an¢J interest
Investment ratum.. realI88d and un￿aliSed gains
and Ilossèsl
Less.. Investment man8gemenl costs
Tolol return allocated lo un8pplied total return
Unappl*d total ￿tUrn allocated to income in the
perlod
17,708
17,6771
22.413
19,7181
40,121
117,3931
13.2521
16,779}
14,1171
6.779
119,5641
17.3691
119.5641
N?1 movement in reporting pertod
14,2051
14,2051
At the •nd of th• reportlng ￿rIOd
Gift component ol the perrnanent endowment
Unapplied Ictal retum
588,354
588,354
740.457
740,457
588.354
740,457
1,328,811