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|Trustees|Mrs S E Whittaker|Mrs S E Whittaker|MBE|||
|---|---|---|---|---|---|
||Hon. Alderman|Mrs|A Stanley|||
||Mr J L Fareham|||||
||Revd J Hargreave|||||
||Councillor
R Pantelakis|||||
||Councillor
C Randall|||||
||Fr P Lamb|||||
||Mr S Chaytor|||||
||Mr P Mann|||(Appointed|6 September|
|||||2021)||
|Charity number|225257|||||
|Auditor|Smailes Goldie|||||
||Regent's
Court|||||
||Princess Street|||||
||Hull|||||
||HU2 8BA|||||
|Solicitors|Andrew Jacksun|||||
||15A Marina
Court|||||
||Castle Street|||||
||Hull|||||
||I II IA 4% I
l1UI
I
IJ|||||
##
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|||Page|
|---|---|---|
|Trustees'
report||1-4|
|Statement
oftrustees'|responsibilities||
|Independent
auditor's|report|6-9|
|Statement
offinancial|activities|10|
|Balance sheet|||
|Statement
ofcash flows||17|
|Notes to the financial|statements|12-32|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||Notes||2021|2021f||2020
f|2020|2020|
|Income and end|wments||from:|||||||
|Donations
and legacies|||||||15,682||15,682|
|Charitable
activities||||155,560||155,560|134,845||134,845|
|Investments||||141,221|70|141,291|137,261|175|137,436|
|Other income||||2,137||2,137|4,250||4,250|
|Total income||||298,918|70|298,988|292,038|175|292,213|
|Ex enditure
on:||||||||||
|Raising funds||||44,542|78|44,620|38,643|42|38,685|
|Charitable
activities|||9|383,042||383,042|422,431||422,431|
|Total expenditure||||427,584|78|427,662|461,074|42|461,116|
|Net gains on||||||||||
|investments|||13|182,736|87|182,823|(156,245)|(538)|(156,783)|
|Net incoming/(outgoing)||||||||||
|resources before|transfers|||54,070|79|54,149|(325,281)|(405)|(325,686)|
|Gross transfers||||||||||
|between
funds||||70|(70)||174|(174)||
|Net incoming/(outgoing)||||||||||
|resources||||54,140|9|54,149|(325,107)|(579)|(325,686)|
|Other recognised|gains|and||losses||||||
|Actuarial
gain/(loss)|on|||||||||
|defined
benefit pension||||||||||
|schemes||||4,000||4,000|(80,000)||(80,000)|
|Net movement
in funds||||58,140|9|58,149|(405,107)|(579)|(405,686)|
|Fund balances at 1|January|||||||||
|2021||||4,868,536|5,045|4,873,581|5,273,643|5,624|5,279,267|
|Fund balances at|31|||||||||
|December 2021||||4,926,676|5,054|4,931,730|4,868,536|5,045|4,873,581|
##
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||||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|||||
|Fixed assets|||||||||||
|Tangible assets||||||14||1,908,149||1,940,455|
|Investment|properties|||||15||675,000||675,000|
|Investments||||||16||2,494,790||2,456,601|
|||||||||5,077,939||5,072,056|
|Current assets|||||||||||
|Debtors||||||18|15,930||22,679||
|Cash at bank and||in hand|||||13,809||15,137||
||||||||29,739||37,816||
|Creditors:|amounts||falling due||within|21|||||
|one year|||||||(72,369)||(83,854)||
|Net cuiieiil|liabilities|||||||(42,030)||(46,037)|
|Total assets less||current||liabilities||||5,035,309||5,026,019|
|Creditors:|aimioui|its|falling due||ciftei||||||
|more than|one year|||||||(101,579)||(146,438)|
|Net assets|excluding||pension||liability|||4,933,730||4,879,581|
|Defined benefit pension||||liability||23||(2,000)||(6,000)|
|Net assets||||||||4,931,730||4,873,581|
|Income funds|||||||||||
|Restricted|funds|||||24||5,054||5,045|
|Unrestricted|funds||||||||||
|Designated|funds|||||25|3,249,496||3,128,904||
|General
unrestricted|||funds||||1,677,180||1,745,632||
|||||||||4,926,676||4,868,536|
|||||||||4,931,730||4,873,581|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating|||activities||||||
|Cash absorbed
by operations||||29||(267,145)||(261,144)|
|Investing|activities||||||||
|Purchase|of investments||||(349,724)||(107,749)||
|Proceeds|on disposal of investments||||494,358||226,051||
|Interest received|||||141,291||137,436||
|Net cash|generated
from|investing|||||||
|activities||||||285,925||255,738|
|Financing|activities||||||||
|Repayment
of bank loans|||||(43,282)||15,773||
|Payment|ofobligations
under||finance||||||
|leases|||||(5,935)||(5,935)||
|Net cash|(used in)/generated||from||||||
|financing|activities|||||(49,217)||9,838|
|Net (decrease)/increase||in|cash and|cash|||||
|equivalents||||||(30,437)||4,432|
|Cash and|cash equivalents|at beginning||ofyear||15,137||16,706|
|Cash and|cash equivalents||at end of|year||13,809||15,137|
##
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|||Total|Unrestricted|
|---|---|---|---|
||||funds|
|||2021f|2020
E|
|Legacies|receivable||15,682|
##
||||Maintenance|Maintenance|
|---|---|---|---|---|
||||contribution|contribution|
||||2021|2020|
||||E|F|
|Charitable|income|- WMC|155,560|134,845|
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||||E|E|E|f|
|Commercial||rental|||||||
|income|||59,198||59,198|50,360||50,360|
|Investment||income from|||||||
|dividends|and interest||82,023|70|82,093|86,901|175|87,076|
||||141,221|70|141,291|137,261|175|137,436|
##
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|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2021|2020|
|||E|E|
|Other|income|2,137|4,250|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|||
|||||2021|2021|2021|2020|
|||||E|E|E|f|
|Investment||ro e|costs|||||
|Other trading||activities||18,463||18,463|18,355|
|Investment|mana||ement|26,079|78|26,157|20,330|
|||||44,542|78|44,620|38,685|
|For the year||ended 31 December 2020||||||
|Investment|property costs|||18,355|||18,355|
|Investment|management|||20,288|42||20,330|
|||||38,643|42||38,685|
##
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##
|||Supported|Property|Total|Total|
|---|---|---|---|---|---|
|||accommodation|maintenance|2021|2020|
|||2021|2021|||
||||E|||
|Staff costs||148,180||148,180|141,085|
|Depreciation
and impairment|||32,306|32,306|32,306|
|Water||6,724||6,724|6,106|
|Council tax on voids||4,701||4,701|1,278|
|Insurance||11,572||11,572|16,668|
|Energy costs||14,734||14,734|17,261|
|Responsive
maintenance|||21,347|21,347|19,015|
|Planned
maintenance|||68,257|68,257|105,116|
|Garden maintenance|||10,965|10,965|8,635|
|Serviced maintenance|||4,862|4,862|7,652|
|Cleaning costs|||5,440|5,440|4,704|
|Professiorral
fees|||18,519|10519|25,120|
|WMC written
off||1,430||1,430||
|||187,341|161,696|349,037|384,946|
|Share of support costs (see note 10)||30,585||30,585|33,945|
|Share ofgovernance|costs (see note 10)|3,420||3,420|3,540|
|||221,346|161,696|383,042|422,431|
##
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##
|Support cost|s||||||
|---|---|---|---|---|---|---|
|||Support|Governance|2021|2020|Basis ofallocation|
|||costs|costs||||
|||f|E||||
|Clerks fees||16,500||16,500|16,900||
|Printing
and stationery||332||332|1,345||
|Telephone||2,639||2,639|2,363||
|Subscriptions|and||||||
|donations||1,779||1,779|622||
|Travelling
expenses||483||483|34||
|Bank charges||379||379|1,255||
|Sundry expenses||2,749||2,749|5,250||
|Loan interest||6,208||6,208|6,177||
|Audit fees|||3,420|3,420|3,540|Governance|
|||30,585|3,420|34,006|32,188||
|Analysed
between|||||||
|Charitable
activities||30,585|3,420|34,005|32,188||
##
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##
|The averag|e
monthly
number
employees
during
the y|ear was: 4 (2020 - 4)||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Pastoral||||
|Supported|accommodation|||
|Employment
costs||2021f|2020|
|Wages and|salaries|129,961|119,576|
|Social security costs||6,256|4,925|
|Other pension costs||11,963|16,584|
|||148,180|141,085|
##
|Net gains/(l|osses)
|on investments||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restncted|Total|
|||funds|funds||funds|funds||
|||2021|2021|2021f|2020
E|2020|2020
E|
|Revaluation|of|||||||
|investments||182,736|87|182,823|(156,245)|(538)|(156,783)|
##
##
|14|Tangible fixed assets|Tangible fixed assets|||||
|---|---|---|---|---|---|---|
|||||Land and|Plant and|Total|
|||||buildingsf|equipmentf||
||Cost||||||
||At 1 January|2021||1,990,000|15,067|2,005,067|
||At 31 December 2021|||1,990,000|15,067|2,005,067|
||Depreciation|and impairment|||||
||At 1 January|2021||61,600|3,012|64,612|
||Depreciation|charged|in the year|30,800|1,506|32,306|
||At 31 December 2021|||92,400|4,518|96,918|
||Carrying
amount||||||
||At 31 December 2021|||1,897,600|10,549|1,908,149|
||At 31 December 2020|||1,928,400|12,055|1,940,455|
|15|Investment|property|||||
|||||||2021f|
||Fair value||||||
||At 1 January|2021 and|31 December 2021|||675,000|
||2021|2020|
|---|---|---|
|||f|
|Freehold|675,000|675,000|
|Long leasehold|||
|Shortleasehold|||
##
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##
|16|Fixed asset investmen|ts|||||
|---|---|---|---|---|---|---|
|||||Listed|Cash in|Total|
|||||investments|portfolio||
|||||F|||
||Cost or valuation||||||
||At 1 January 2021|||2,318,572|138,029|2,456,601|
||Additions|||349,724||349,724|
||Valuation
changes|||182,823|119,116|301,939|
||Net Movement|||(613,474)||(613,474)|
||At 31 December 2021|||2,237,645|257,145|2,494,790|
||Carrying
amount||||||
||At 31 December 2021|||2,237,645|257,145|2,494,790|
||At 31 December 2020|||2,318,572|138,029|2,456,601|
|17|Financial
instruments||||2021|2020|
||Carrying
amount offinancial assets||||||
||Instruments
measured|at fair value through|profit or loss||2,237,645|2,318,572|
|18|Debtors||||||
||Amounts
falling due|within one year:|||2021f|2020f|
||Trade debtors||||10,901|15,906|
||Prepayments
and accrued income||||5,029|6,773|
||||||15,930|22,679|
|19|Loans and overdrafts||||||
||||||2021|2020f|
||Bank loans||||144,861|188,143|
||Payable
within one year||||43,282|41,705|
||Payable after one year||||101,579|146,438|
##
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##
|21|Creditors:|amounts|falling due within one year||||
|---|---|---|---|---|---|---|
|||||Notes|2021
E|2020f|
||Bank loans|||19|43,282|41,705|
||Obligations|under finance leases||20||2,168|
||Other taxation and social security||||3,436|2,507|
||Trade creditors||||842|2,169|
||Other creditors||||(114)||
||Accruals and deferred||income||24,923|35,305|
||||||72,369|83,854|
|22|Creditors:|amounts|falling due after more than one year||||
|||||Notes|2021
E|2020f|
||Bank loans|||19|101,579|146,438|
##
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##
|Mortality|assumptions|assumptions|||||
|---|---|---|---|---|---|---|
|The assumed||life expectations|on retirement|at age 65 are:|||
||||||2021|2020|
||||||Years|Years|
|Retiring|today||||||
|- Males|||||||
|- Females|||||||
|Retiring|in 20|years|||||
|- Males|||||||
|- Females|||||||
|Amounts
rec|og|nised
in|the profit|and los|s accoun|t:||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021|2020|
|||||||||||E||
|Current service||cost|||||||||25,000|
|Net interest on||defined|benefit liability/(asset)||||||||(2,000)|
|Amounts
taken||to other|comprehensive||income:|||||||
|||||||||||2021|2020|
|||||||||||E||
|Actual return|on scheme||assets||||||||38,000|
|Less: calculated||interest|element||||||||14,000|
|Actuarial changes
related to obligations|||||||||||22,000|
|The
amounts||included|in
the|balance|sheet|arising|from|the|charity's|||
|obligations
in|respect ofdefined|||benefit plans are||as follows:||||||
|||||||||||2021
E|2020f|
|Present value|ofdefined||benefit|obligations|||||||538,000|
|Fair value of|plan assets||||||||||(532,000)|
##
##
|23|Retirement
benefit schemes|||||(Continued)|
|---|---|---|---|---|---|---|
||Movements
in the present value of defined||||benefit obligations:||
|||||||2021|
||Liabilities at 1 January 2021|||||538,000|
||Liabilities assumed
in a business|||combination||(538,000)|
||At 31 December 2021||||||
||The defined
benefit obligations||arise from plans funded as follows:||||
|||||||2021|
||Wholly
unfunded
obligations||||||
||Wholly or partly funded
obligations||||||
||The defined
benefit obligations||arise from plans which are wholly or partly funded.||||
||Movements
in the fair value of||plan assets:||||
|||||||2021|
|||||||E|
||Fair value ofassets at 1 January|||2021||532,000|
||Other|||||(532,000)|
||At 31 December 2021||||||
||Movement
in reimbursement|rights recognised as an asset:|||||
|||||||2021|
|||||||F|
||At 1 January 2021||||||
||At 31 December 2021||||||
##
##
##
|||||||Movement|in funds|in funds|||Movement|Movement|in funds||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Balance at||Incoming|Outgoing Gains||and loss|Transfers|Balance at|Incoming|Outgoing Gains and||loss|Transfers|Balance at|
||||1 January|2020|resources|resources|||1January
2021||resources|resources||||31 December|
|||||||||||||||||2021|
|||||||||||E||||||E|
|H J Barney||||5,623|175|(42)||(537)|(174)|5,046|70|(78)||87|(70)|5,054|
|Designated|funds||||||||||||||||
|The income|funds||ofthe charity||include the following
designated|||funds which have been set aside out of unrestricted||||funds
by|the trustees||for specific purposes:||
|||||||Movement
in funds|||||Movement||in funds||||
||||||Balance at|Incoming||Outgoing|Gains and|Balance at|Incoming|Outgoing|Gains|and|Transfers|Balance at|
||||||1 January
2020|resources|resources||lossesi January
2021||resources|resources|losses|||31 December|
|||||||||||||||||2021|
|||||||f|||E|F|||||E|E|
|Cyclical repair|||||35,043|813||(22,266)|(6,378)|7,212|70|(78)||87|(2,237)|5,054|
|Extraordinary||repair|||402,757|12,732||(92,753)|(31,393)|291,343|8,301|(2,472)|2,904||(98,654)|201,422|
|Capital|||||1,484,360|50,792|(107,402)||(69,363)|1,358,387|50,927|(16,174)|102,022||77,896|1,573,058|
|FA revaluation||reserve|||1,471,962|||||1,471,962||||||1,471,962|
|Pension reserve|||fund||(80,000)||||74,000|(6,000)|||4,000|||(2,000)|
||||||3,314,122|64,337|(222,421)||(33,134)|3,122,904|59,298|(18,724)|109,013||(22,995)|3,249,496|
##
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##
|26|Analysis of net assets|Analysis of net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Fund|Funds||Fund|Funds||
||||2021|2021|2021|2020|2020|2020|
||||E||f||F||
||Fund balances at 31||||||||
||December|2021 are|||||||
||represented|by:|||||||
||Tangible assets||1,908,149||1,908,149|1,940,455||1,940,455|
||Investment|properties|675,000||675,000|675,000||675,000|
||Investments||2,489,736|5,054|2,494,790|2,451,556|5,045|2,456,601|
||Current assets/||||||||
||(liabilities)||(42,630)||(42,630)|(46,038)||(46,038)|
||Long term|liabilities|(101,579)||(101,579)|(146,438)||(146,438)|
||Provision sand||||||||
||pensions||(2,000)||(2,000)||||
||||4,926,676|5,054|4,931,730|4,874,535|5,045|4,879,580|
##
|Analysis of|chan|ges
in net (debt)/funds||||
|---|---|---|---|---|---|
||||At 1 January|Cash flows|At 31 December|
||||2021f|E|2021|
|Cash at bank and||in hand|15,137|(1,328)|13,809|
|Loans falling|due|within one year|(41,705)|(1,577)|(43,282)|
|Loans falling|due|after more than one year|(146,438)|44,859|(101,579)|
|Obligations|under|finance leases|(2,168)|2,168||
||||(175,174)|44,122|(131,052)|
##
##
##
|29|Cash generated
from operations|Cash generated
from operations||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||E|
||Surplus/(deficit)
for the year|||||54,149|(325,686)|
||Adjustments
for:|||||||
||Investment
income recognised|in statement||offinancial|activities|(141,291)|(137,436)|
||Fair value gains and losses on|investments||||(182,823)|156,783|
||Depreciation
and impairment
oftangible||fixed assets|||32,306|32,306|
||Difference between
pension charge and||cash contributions|||(2,000)|6,000|
||Movements
in working
capital:|||||||
||Decrease
in debtors|||||6,749|601|
||(Decrease)/increase
in creditors|||||(10,894)|6,288|
||(Decrease)
in provisions|||||2,000||
||Cash absorbed
by operations|||||(241,804)|(261,144)|