**REGISTERED CHARITY NUMBER: 225082**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 May 2025**
## **for**
## **Mother Humber Memorial Fund**
Harris Lacey and Swain Suite 1 The Riverside Building Hessle East Yorkshire HU13 0DZ
**Mother Humber Memorial Fund**
**Contents of the Financial Statements for the Year Ended 31 May 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||
**Mother Humber Memorial Fund**
**Report of the Trustees for the Year Ended 31 May 2025**
The Trustees present their report for the year ended 31st May 2025. They consider that this year has been another successful one in fully achieving their aims and expectations.
The Mother Humber Fund was established 1908 or thereabouts by the wife of the Editor of The Hull Daily Mail at that time for the relief of poverty in Hull.
The Charity's purpose is for the relief of poverty and distress. This is at the forefront of all the considerations made by the Trustees and beneficiaries must reside within the city of Kingston upon Hull.
The Charity became moribund in the 1970's and affiliated with local Age Concern.
It was 're-activated' as a small independent charity in that decade with investments of approx. £35,000 which enabled small donations to be made within the spirit of the original founder.
A long-term asset of the Charity was a double-fronted property in Beverley Road Hull which had been bequeathed sometime before. This property was let on a peppercorn rent of 1p for use by Social Services and therefore did not produce income for disposal.
The property was however relinquished by Social Services in mid-1980 raising £194,000. This was invested following professional advice to provide income and protection against inflation together with growth for the continuity of the charity.
The value of the portfolio is now £2.547,303.
The objectives remain true to the original purpose and vision of the founder. Considerable help in the form of food parcels and clothing was given to the people of Hull during the two World Wars.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Mother Humber Memorial Fund continues to provide assistance to individuals and families within the Hull area this year by providing funding to individuals who are in need.
Funding is aimed at relieving either generally or individually persons resident in the city of Kingston upon Hull who are in conditions of need, hardship or distress, and will cover the supply of electrical ‘white goods’ and essential furniture, clothing and bedding. Other types of appeals are also considered.
Funding is at the discretion of trustees. Grants are normally for less than £500 in order to maximise the resources of the charity.
Applications can be submitted at any time and will normally be considered monthly.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
The Mother Humber Fund has no fund-raising activities or volunteers. The Board consists of 8 Trustees (2 of which are nominated by Hull City Council) and a Secretary and Assistant Secretary.
Page 1
**Mother Humber Memorial Fund**
## **Report of the Trustees for the Year Ended 31 May 2025**
## **FINANCIAL REVIEW**
## **Financial position**
The charity funds are derived entirely from investments. The trustees' policy is to focus on the level of donations made against market movements, so that capital is not eroded, thereby ensuring continuity of the charity's ability to meet its obligations. Reserves are held to generate an approximate income of £30,000 per annum for distribution in line with the trustees' grant policy to meet their obligations in "relieving either generally or individually persons resident in the city of Kingston upon Hull who are in conditions of need, hardship or distress".
Income from the investments has repeatedly exceeded this policy minimum and for the year ended 31st May 2025 amounted to £49,110.
At present the unrestricted income funds amount to £1,266,355 (£1,260,549 - 2024) and the restricted funds amount to £1,279,268 (£1,260,549 - 2024) with total funds amounting to £2,545,623 (£2,521,098 - 2024).
The reserves policy for 2025 is to hold 50% of total funds in reserve. The funds held in reserve for 2025 are £1,279,268 which equate to just over 50% of total funds therefore comply with the reserves policy.
At present the unrestricted income funds amount to £1,266,355. The Trustees intend to consider the restricted and unrestricted criteria and if appropriate make adjustments which may increase the unrestricted element considerably.
The Trustees believe that the Charity is exposed to the normal risks of investment and accordingly have spread the investment between recognized Charity sector portfolios. These investments are regularly reviewed by officials of professional standing to ensure that they remain in line with market trends. The Trustees' policy includes re-investment to increase income if necessary, but they always regard the safety of capital as paramount.
Quarterly reports are received from the professional investment fund managers and these are reported to the Trustees at their regular meetings. In addition one or more of the Trustees will attend the investment seminars when available. They remain confident that risks continue to be minimized and well spread to avoid volatility in any one sector and to protect their funds against inflation in order that the Mother Humber Memorial Fund can continue for the future.
The Charity has no fixed costs and as such the Trustees believe that operations can continue if their investments remain sound.
Risk management is not restricted to financial matters and as part of the risk policy reviews are undertaken by our solicitors to ensure that administrative obligations and procedures are compliant with current practice.
## **FUTURE PLANS**
The Trustees remain satisfied that their plans and objectives remain pertinent and consider awards to all sectors without favour or prejudice. They also endorse environmental issues and endeavour to comply with views and sentiments.
They are confident that the Mother Humber Memorial Fund will remain a significant charity in the city of Kingston upon Hull to help with poverty and distress for years to come.
Technology is embraced to keep pace with requirements and data security and will continue to be a feature.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 2
Mother Hmber MemoTSai Fund
Report Df the Tru$te2S
for the Yelr Eded 31 21)25
srRUCTURE, GOVERNANCE AND MANAGEMENT
Cbarity coD5titstio
Thc Mother HuMr MenwTial Fund is legter with th¢ Charity Commission aDd ijpeTrt&s within the oriwal
constitution preparoj in 1980 when th¢ Charity was rtractivated {see aknvc). OpErationa] changes are mode from tt.me to
time and tbese are pr¢p8red and approved by our legal repttratiVeS alld lodged alld agreed with th¢ Charity
Commission.
The Tne meet m¢)nthly {unlw circumstances w#rTant a change) #nd there are ftiMl arrangements to consider
wgeni awaTds in the interim. They remain awa of ihe need to re¢mit new Tnte¢S when appropriate and wh¢n doing
$0. they to tnsure a spre*J of experienc4 knowledge and diversity.
The 9[11Y does have any staff. 0tr5 are appointed aDd Ceive an honorarium for work undertaken. Tht's is
reviewed annually orotherwise if circumstsnces di¢th*.
REFERENCE AIW ADMINISTRATIVE DETAILS
Regl$tered Chgrlty number
225082
Principal addreys
Suite l. The Riverside Buiding
Hessl¢
East Yorkshire
HU130DZ
Trnste
MT S Deas {Chair)
Mr D Brown Hon Alderntsn
Mrs P M Elli5 Hon Aidern
Ms G Lulln
Ms R Pan*iakis
Rev Fr P Lamb (resigtted 10.06.25)
Cur L ChaTE
Independent Examiner
Harris Lacey and Swain
Suite I
The Riverside Building
Hcssle
East Yorkshir¢
HU13 ODZ
/(9 i&.. a1
Appttjvedby order of the iwrd of th]stee5 Qn.............................. .. .
signed on its b¢ha]f by..
Page 3
Independent Examiner's Report to the Trustees of
Mother Hnmber Memori81 Fund
kndependeDt ex8miner's reptsrtto the trnstett of Mother HuJDb¢r Mernorial Fund
I report to the clwity trus*es on my examination of the accounts of Mother Hwntw Memorial Fund (the Thjst) for the
year ended 31 May 2025.
Responslbllltl¢s b8sis of report
As the chatity trustees of the Trust you are responsible ftsr the pr¢paration of the accounts in accord8rt¢e with the
quirements of th¢ Charities Act 2011 Cthe Arf).
L report in res of my examÉnation of the Tn& accounts carrieA out undw Sertiot) 145 of the Act and in carrying out
my ex3minatior) I have followed all applicable Dir110$ giv¢0 by th¢ Cbarity commi]0 ulldcr Section 145(5)(b) of
the Act.
Andtpendent ex8mlner'$ stgtement
I have ¢omplet¢d my examination. I confirn) that no material matteES have come to my attention in Connection with the
¢x8mination givin8 me Cause to beli¢ve that in any rnateTiai rw..
accounting records were llot kept Trn reswt of the Trust &5 required by Section 130 of the A¢i or
th¢ a¢Vnts do fjot accord with those records. or
the accouttts do not comply wÉth the applicable requiErments toncerning thc fonn and content of accounts set out
in the Cknities (Accounts atMI Rq)orts) Regulations 2(K)8 othcr than any requizEmcnt that th¢ a¢¢ounts 8ive a
ttue and fairview which 1$ not a nMts¢r Considered a5 part of an iILdytCt examination.
I have no con¢erns and have corne across no other Tnattews in conn¢¢tion with the examination io which attention should
be drawn in this re[ in order to enable a piDper ut)derstandin8 of the accounts to be reached
Laura J Drew BFP ACA FCCA ACMI
HWTIS Lacey ODd Swain
Sui1¢ I
The Rivet5idE Building
H1¢
East Yorkshire
HU130DZ
Date..
IJ 3..1.ooll
Page 4
## **Mother Humber Memorial Fund**
## **Statement of Financial Activities for the Year Ended 31 May 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
**Charitable activities**
Charitable Activites
Net gains on investments
**NET INCOME**
**Transfers between funds**
7
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
49,110
62,023
37,438
24,525
(18,719)
5,806
1,260,549
1,266,355|Restricted
funds
£
-
-
-
-
18,719
18,719
1,260,549
1,279,268|2025
Total
funds
£
49,110
62,023
37,438
24,525
-
24,525
2,521,098
2,545,623|2024
Total
funds
£
47,967|
|---|---|---|---|---|
|||||50,096|
|||||198,007|
|||||195,878
-|
|||||195,878
2,325,220|
|||||2,521,098|
The notes form part of these financial statements
Page 5
Mother Humber Memor1 Fund
Balance Sheet
31 May 2025
2025
Totsl
fi]nd$
2024
Totsl
funds
Unrestrirted Restri¢t
funds
Not&5
CURRE1 Assyr
Investments
Cash at bank
1213,703
1945.668)
274,305
I,IMH.963
2,488.008
59295
2,450,570
72,112
1268,035
1279268
2547.303
2,522,682
CREDrroRS
Amowits falling due within one year
(1,680)
(1,680)
(1,584)
NET CURRF.NT ASSETS
1,266,355
1,279268
2,545.623
2,521,098
TOTAL ASSETS LESS CURRENr
LIABILITIES
1,266,355
.279268
2,545.623
2,521,098
NET ASSETS
l266,355
1279268
2545.623
2.521.098
Unrestyi¢ted fi
Restricted fuDds
1266.355
1279,268
1,260.549
1,260,549
TOTAL FUNDS
2,545,623
2,521,098
The financial statements were approved by thc Board of Tmstees and auth0ri5ed for i55Ue
/..a.. *FI?..2p.J&and wcre signed OD its behalfby.
S Deas. Trustee
The not&4 fomipartof these fin8oci81 statemenL8
Pag¢ 6
**Mother Humber Memorial Fund**
**Notes to the Financial Statements for the Year Ended 31 May 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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income received for services provided is accounted for on an accrual basis.
Donations, gifts and legacies are included in the income and expenditure as received. Any significant non-cash donations are included in the income and expenditure account at the trustees estimate of market value at the time received. The value of voluntary help is not included in the accounts.
Grants and other funding of a revenue nature are deferred and released to the income and expenditure account over the period to which they relate.
Bank interest is included in the income and expenditure account on an accrual basis.
Investment income comprises of dividends from the charities listed investment portfolios. Dividends are recognised once the divided has been declared and notification has been received of dividend due.
## **Expenditure**
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Estimates and judgements**
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Trustee's best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Trustee's do not consider there to be any material estimates and judgements.
## **Financial instruments**
continued...
Page 7
**Mother Humber Memorial Fund**
**Notes to the Financial Statements - continued for the Year Ended 31 May 2025**
## **1. ACCOUNTING POLICIES - continued**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.
## **Investment Activities**
Portfolio investments comprise of listed investment and are assets held by the charity in order to directly further the charitable purpose; any financial return obtained is not the primary reason for making the investment.
Portfolio investments are included in the account at market value at the end of the financial period. The market value of fixed interest securities reflects any accrued interest at the balance sheet date.
Realised and unrealised gains or losses on investment assets are credited or charged to the statement of financial activities during the year in which they occur.
## **2. INVESTMENT INCOME**
||2025|2024|
|---|---|---|
||£|£|
|Dividends & deposit account interest|49,110|47,967|
Investment income comprises of dividend paid to the charity from the listed investment portfolio it owns. Income is recognised once a dividend declaration has been made and notification has been received that dividends is due for payment.
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There was no remuneration to any of the trustees in the current or prior year.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Investment income
**EXPENDITURE ON**
**Charitable activities**
Charitable Activites
Net gains on investments
**NET INCOME**
**Transfers between funds**|Unrestricted
funds
£
47,967
50,096
198,007
195,878
(97,939)|Restricted
funds
£
-
-
-
-
97,939|Total
funds
£
47,967|
|---|---|---|---|
||||50,096|
||||198,007|
||||195,878
-|
continued...
Page 8
**Mother Humber Memorial Fund**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 May 2025**
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**Net movement in funds**
97,939
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,162,610
**TOTAL FUNDS CARRIED FORWARD**
1,260,549
**5.**
**CURRENT ASSET INVESTMENTS**
Listed investments
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**7.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.6.24
in funds
£
£
**Unrestricted funds**
Accumulated Income Fund
1,260,549
24,525
**Restricted funds**
Accumulated Specific Fund
1,260,549
-
**TOTAL FUNDS**
2,521,098
24,525
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
Accumulated Income Fund
49,110
(62,023)
**TOTAL FUNDS**
49,110
(62,023)|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**Net movement in funds**
97,939
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,162,610
**TOTAL FUNDS CARRIED FORWARD**
1,260,549
**5.**
**CURRENT ASSET INVESTMENTS**
Listed investments
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**7.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.6.24
in funds
£
£
**Unrestricted funds**
Accumulated Income Fund
1,260,549
24,525
**Restricted funds**
Accumulated Specific Fund
1,260,549
-
**TOTAL FUNDS**
2,521,098
24,525
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
Accumulated Income Fund
49,110
(62,023)
**TOTAL FUNDS**
49,110
(62,023)|**-**|**continued**
Restricted
funds
£
97,939
1,162,610
1,260,549
2025
£
2,488,008
2025
£
1,680
Transfers
between
funds
£
(18,719)
18,719
-
Gains and
losses
£
37,438
37,438|**continued**
Restricted
funds
£
97,939
1,162,610
1,260,549
2025
£
2,488,008
2025
£
1,680
Transfers
between
funds
£
(18,719)
18,719
-
Gains and
losses
£
37,438
37,438||Total
funds
£
195,878
2,325,220|
|---|---|---|---|---|---|---|
|||||||2,521,098|
|||||||2024
£
2,450,570
2024
£
1,584
At
31.5.25
£
1,266,355
1,279,268
2,545,623
Movement
in funds
£
24,525
24,525|
||||||||
||||||||
||||||||
continued...
Page 9
**Mother Humber Memorial Fund**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2025**
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
Accumulated Income Fund
**Restricted funds**
Accumulated Specific Fund
**TOTAL FUNDS**|At 1.6.23
£
1,162,610
1,162,610
2,325,220|Net
movement
in funds
£
195,878
-
195,878|Transfers
between
funds
£
(97,939)
97,939
-|At
31.5.24
£
1,260,549
1,260,549|
|---|---|---|---|---|
|||||2,521,098|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Accumulated Income Fund
**TOTAL FUNDS**|Incoming
resources
£
47,967
47,967|Resources
expended
£
(50,096)
(50,096)|Gains and
Movement
losses
in funds
£
£
198,007
195,878
198,007
195,878|Gains and
Movement
losses
in funds
£
£
198,007
195,878
198,007
195,878|
|---|---|---|---|---|
|||||195,878|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
Accumulated Income Fund
**Restricted funds**
Accumulated Specific Fund
**TOTAL FUNDS**|At 1.6.23
£
1,162,610
1,162,610
2,325,220|Net
movement
in funds
£
220,403
-
220,403|Transfers
between
funds
£
(116,658)
116,658
-|At
31.5.25
£
1,266,355
1,279,268|
|---|---|---|---|---|
|||||2,545,623|
continued...
Page 10
**Mother Humber Memorial Fund**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2025**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|Accumulated Income Fund|97,077|(112,119)|235,445|220,403|
|**TOTAL FUNDS**|97,077|(112,119)|235,445|220,403|
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2025.
Page 11
**Mother Humber Memorial Fund**
## **Detailed Statement of Financial Activities for the Year Ended 31 May 2025**
||2025|2024|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Dividends & deposit account interest|49,110|47,967|
|**Total incoming resources**|49,110|47,967|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Insurance|599|1,200|
|Postage and stationery|1,097|969|
|Computer and software|2,159|1,530|
|Motor expenses|390|356|
|Gifts and donations|42,265|29,606|
|Rent|156|508|
|NVCO subscriptions|112|322|
||46,778|34,491|
|**Support costs**|||
|**Management**|||
|Honoraria|12,000|12,850|
|**Finance**|||
|Bank charges|30|25|
|**Governance costs**|||
|Accountancy and legal fees|3,215|2,730|
|Total resources expended|62,023|50,096|
|**Net expenditure**|(12,913)|(2,129)|
This page does not form part of the statutory financial statements
Page 12