| Trustees | Mrs S EWhittaker MBE |
Mrs S EWhittaker MBE |
|||
|---|---|---|---|---|---|
| Hon Alderman |
Mrs A Stanley | ||||
| Hon. Alderman J L Fareham | |||||
| Revd J Hargreave | |||||
| Councillor R Pantelakis | |||||
| Councillor C Randall | |||||
| Hon. Alderman | SChaytor | ||||
| Mr P Mann | |||||
| Mr I Shepherd |
(Appointed | 6 March 2023) | |||
| Charity | number | 225257 | |||
| Auditor | Smailes Goldie | ||||
| Regent's Court |
|||||
| Princess Street | |||||
| Hull | |||||
| HU2 SBA | |||||
| Solicitors | Andrew Jackson | ||||
| 15AMarina Court | |||||
| Castle Street | |||||
| Hull | |||||
| HU1 1TJ |
| Page | ||
|---|---|---|
| Trustees' report |
||
| Statement of trustees' |
responsibilities | |
| Independent auditor's |
report | 5-8 |
| Statement of financial | activities | |
| Balance sheet | 10 | |
| Statement of cash flows | 15 | |
| Notes to the financial | statements | 11 - 29 |
| Unrestricted Restricted |
Unrestricted Restricted |
Total Unrestncted |
Total Unrestncted |
Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds 2022 |
funds 2022 |
2022 | funds 2021 |
funds 2021 |
2021 | ||
| Notes | E | E | E | E | E | E | |
| Income and endowments Charitable activities Investments Other income |
from: 174,965 147,095 5,272 |
147 | 174,965 147,242 5,272 |
155,560 141,221 2,137 |
70 | 155,560 141,291 2,137 |
|
| Total income | 327,332 | 147 | 327,479 | 298,918 | 70 | 298,988 | |
| ~E* dit Raising funds |
38,789 | 52 | 38841 | 44 542 | 78 | 44,620 | |
| Charitable activities |
8 | 380,757 | 380,757 | 383,042 | 383,042 | ||
| Total expenditure | 419,546 | 52 | 419,598 | 427,584 | 78 | 427,662 | |
| Net gains on investments |
12 | (182,097) | (1,020) | (183,117) | 182,736 | 87 | 182,823 |
| Net (outgoing)/incoming resources before transfers |
(274,311) | (925) | (275,236) | 54,070 | 79 | 54,149 | |
| Gross transfers between funds |
147 | (147) | 70 | (70) | |||
| Net (outgoing)/incoming resources |
(274,164) | (1,072) | (275,236) | 54,140 | 9 | 54,149 | |
| Other recognised gains |
and | losses | |||||
| Actuarial gain on |
|||||||
| defined benefit pension schemes |
2,000 | 2,000 | 4,000 | 4,000 | |||
| Net movement in funds |
(272,164) | (1,072) | (273,236) | 58,140 | 9 | 58,149 | |
| Fund balances at 1 January 2022 |
4,926,676 | 5,054 | 4,931,730 | 4,874,536 | 5,045 | 4,879,581 | |
| Fund balances at 31 December 2022 |
4,654,512 | 3,982 | 4,658,494 | 4,926,676 | 5,054 | 4,931,730 |
| BALANCE SHEE AS AT31 DECEM |
BER | 202 | 2 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | 2022 f |
2021 f |
f | ||||||
| Fixed assets Tangible assets Investment properties Investments |
14 15 16 |
1,875,843 675,000 2,198,152 |
1,908,149 675,000 2,494,790 |
||||||
| 4,748,995 | 5,077,939 | ||||||||
| Current assets Debtors Cash at bank and in hand |
17 | 34,975 16,737 |
15,929 13,809 |
||||||
| 51,712 | 29,738 | ||||||||
| Creditors: amounts one year |
falling | due | within | 19 | (84,924) | (72,369) | |||
| Net current liabilities |
(33,212) | (42,630) | |||||||
| Total assets less current | liabilities | 4,715,783 | 5,035,309 | ||||||
| Creditors: amounts more than one year |
falling due | after | 20 | (57,289) | (101,579) | ||||
| Net assets excluding | pension | liability | 4,658,494 | 4,933,730 | |||||
| Defined benefit pension | liability | 21 | (2,000) | ||||||
| Net assets | 4,658,494 | 4,931,730 | |||||||
| Income funds Restricted funds |
22 | 3,982 | 5,054 | ||||||
| Unrestricted funds Designated funds General unrestricted |
funds | 23 | 3,011,522 1,642,990 |
3,255,496 1,677,180 |
|||||
| 4,654,512 | 4,926,676 | ||||||||
| 4,658,494 | 4,931,730 |
| STATEMENT OF CASH FOR THE YEAR ENDE |
FLOWS D 31DE |
CEMBER 2 | 022 | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | 6 | 8 | ||||
| Cash flows from operating activities Cash absorbed by operations |
27 | (212,052) | (241,804) | |||
| Investing activities Purchase of investments Proceeds on disposal of investments interest received |
(362,008) 473,532 147,242 |
(349,724) 494,358 141,291 |
||||
| Net cash generated from investing activities |
258,766 | 285,925 | ||||
| Financing activities Repayment of bank loans Payment ofobligations under finance leases |
(43,786) | (43,282) (2,167) |
||||
| Net cash used in financing | activities | (43,786) | (45,449) | |||
| Net increase/(decrease) in |
cash and cash | 2,928 | (1,328) | |||
| equivalents | ||||||
| Cash and cash equivalents | at beginning | ofyear | 13,809 | 15,137 | ||
| Cash and cash equivalents | at end of | year | 16,737 | 13,809 |
| Charitable | activiti | es | ||
|---|---|---|---|---|
| Maintenance | Maintenance | |||
| contribution | contribution | |||
| 2022 | 2021 | |||
| 0 | f | |||
| Chantable | income | - WMC | 174,965 | 155,560 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2022 | 2022 5 |
2022 | 2021 f |
2021 f |
2021 f |
|||
| Commercial income |
rental | 61,745 | 61,745 | 59,198 | 59,198 | |||
| Investment dividends |
income from and interest |
85,350 | 147 | 85,497 | 82,023 | 70 | 82,093 | |
| 147,095 | 147 | 147,242 | 141,221 | 70 | 141291 | |||
| Other income | ||||||||
| Unrestricted | Total | |||||||
| funds | ||||||||
| 2022 | 2021 | |||||||
| 8 | f | |||||||
| Othinc | e | 5,272 | 2,137 |
| Raising fun | ds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 f |
||
| Investment property costs Other trading activities |
11,105 | 11,105 | 18,463 | ||
| Investment | mana ement |
27,684 | 52 | 27,736 | 26,157 |
| 38,789 | 52 | 38,841 | 44,620 | ||
| For the year ended 31December 2021 Investment property costs Investment management |
18,463 26,079 |
78 | 18,463 26,157 |
||
| 44,542 | 78 | 44,620 |
| Charitable activities |
||||
|---|---|---|---|---|
| Supported accommodation |
Property maintenance |
Total 2022 |
Total 2021 |
|
| 2022 | 2022 | |||
| 8 | 6 | |||
| Staff costs Depreciation and impairment Water Council tax on voids Insurance Energy costs Responsive maintenance Planned maintenance Garden maintenance Serviced maintenance Cleaning costs Professional fees WMC written off |
170,949 6,525 4,505 12,358 16,553 (713) |
32,306 14,381 59,714 8,778 4,306 3,662 13,056 |
170,949 32,306 6,525 4,505 12,358 16,553 14,381 59,714 8,778 4,306 3,662 13,056 (713) |
148,180 32,306 6,724 4,701 11,572 14,734 21,347 68,257 10,965 4,862 5,440 18,519 1,430 |
| 210,177 | 136,203 | 346,380 | 349,037 | |
| Share of support costs (see note 9) Share ofgovernance costs (see note 9) |
29,369 5,008 |
29,369 5,008 |
30,585 3,420 |
|
| 244,554 | 136,203 | 380,757 | 383,042 |
| 9 | Support costs | Support Governance |
Support Governance |
2022 | 2021 | Basis of allocation |
|---|---|---|---|---|---|---|
| costs | costs | |||||
| 6 | ||||||
| Clerks fees Printing and stationery Telephone |
16,500 331 2,391 |
16,500 331 2,391 |
16,500 332 2,639 |
|||
| Subscdptions and donations Travelling expenses Bank charges Sundry expenses Loan interest |
2,301 483 241 1,476 6,128 |
2,301 483 241 1,476 6,128 |
1,779 379 2,749 6,208 |
|||
| Audit fees | 5,008 | 5,008 | 3,420 | Governance | ||
| 29,367 | 5,008 | 34,376 | 32,188 | |||
| Analysed between Charitable activities |
29,369 | 5,008 | 34,377 | 32,188 |
| Number ofemployee | s | ||||
|---|---|---|---|---|---|
The average monthly |
number |
employees | during the year was: 4 (2021 - 4) | 2022 | 2021 |
| Number | Number | ||||
| Pastoral | |||||
| Supported accommodation |
|||||
| Employment costs |
2022 E |
2021 | |||
| Wages and salaries Social secudty costs Other pension costs |
152,350 7,282 11,317 |
129,961 6,256 11,963 |
|||
| 170,949 | 148,180 |
| Net gains/(l | osses) o |
n investments | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Unrestricted | Restricted | Total | |||
| funds | funds | funds | funds | ||||
| 2022 | 2022 6 |
2022 6 |
2021 | 2021 6 |
2021 6 |
||
| Revaluation investments |
of | (182,097) | (1,020) | (183,117) | 182,736 | 87 | 182,823 |
| 14 | Tangible fixed assets | Land and | Plant and | Total | |
|---|---|---|---|---|---|
| buildings | equipmentf | ||||
| Cost At 1 January 2022 |
1,990,000 | 15,067 | 2,005,067 | ||
| At 31 December 2022 | 1,990,000 | 15,067 | 2,005,067 | ||
| Depreciation and impairment At 1 January 2022 Depreciation charged in the year |
92,400 30,800 |
4,518 1,506 |
96,918 32,306 |
||
| At 31 December 2022 | 123,200 | 6,024 | 129,224 | ||
| Carrying amount At 31 December 2022 |
1,866,800 | 9,043 | 1,875,843 | ||
| At 31 December 2021 | 1,897,600 | 10,549 | 1,908,149 | ||
| 15 | Investment property |
2022 | |||
| 6 | |||||
| Fair value At 1 January 2022 and 31 December 2022 |
675,000 |
| 2022 | 2021 | |
|---|---|---|
| F | 6 | |
| Freehold | 675,000 | 675,000 |
| Long leasehold | ||
| Shortleasehold |
| 16 | Fixed asset investments | |||
|---|---|---|---|---|
| Listed | Cash in | Total | ||
| investments | portfolio | |||
| E | ||||
| Cost or valuation At 1 January 2022 Additions Valuation changes Net Movement |
2,237,645 362,008 (183,117) (232,753) |
257,145 (242,776) |
2,494,790 362,008 (425,893) (232,753) |
|
| At 31 December 2022 | 2,183,783 | 14,369 | 2,198,152 | |
| Carrying amount At 31 December 2022 |
2,183,783 | 14,369 | 2,198,152 | |
| At 31 December 2021 | 2237645 | 257,145 | 2,494,790 | |
| 17 | Debtors | 2022 | 2021 | |
| Amounts falling due within one year: |
6 | 6 | ||
| Trade debtors Prepayments and accrued income |
25,412 9,563 |
10,900 5,029 |
||
| 34,975 | 15,929 | |||
| 18 | Loans and overdrafts | 2022f | 2021 | |
| Bank loans | 101,075 | 144,861 | ||
| Payable within one year Payable after one year |
43,786 57,289 |
43,282 101,579 |
| 19 | Creditors: amounts | falling due within one year | 2022 | 2021 | |
|---|---|---|---|---|---|
| Notes | 8 | F | |||
| Bank loans Other taxation and social security Trade creditors Other creditors Accruals and deferred income |
18 | 43,786 3,111 2,750 (114) 35,391 |
43,282 3,436 842 (114) 24,923 |
||
| 84,924 | 72,369 |
| 20 | Creditors: amounts | falling due after more than one year | Notes | 2022 8 |
2021f |
|---|---|---|---|---|---|
| Bank loans | 18 | 57,289 | 101,579 |
| Mortality assumptions The assumed life expectations |
Mortality assumptions The assumed life expectations |
on retirement | at age 65 are: | 2022 | 2021 |
|---|---|---|---|---|---|
| Years | Years | ||||
| Retiring today | |||||
| - Males | |||||
| - Females | |||||
| Retiring in 20 |
years | ||||
| —Males | |||||
| - Females |
| moun | ts reconised intheprofit |
and loss a | ccount | : | |||||
|---|---|---|---|---|---|---|---|---|---|
| g |
2022 | 2021 | |||||||
| E | E | ||||||||
| Amou | nts taken to other comprehensive income: |
2022 2 |
2021f | ||||||
| Less: | calculated interest element |
||||||||
| The | amounts included in the |
balance | sheet | arising | from | the | charity's | ||
| obligations in respect ofdefined |
benefit plans are | as follows; | 2022 | 2021 | |||||
| 2 | |||||||||
| Present value ofdefined benefit |
obligations | 2,000 | |||||||
| Movements in the present |
value ofdefined | benefit obligations: | |||||||
| 2022 | |||||||||
| 2 | |||||||||
| Liabilities at 1 January 2022 | |||||||||
| At 31 December 2022 |
| 21 | Retirement benefit schemes |
(Contmued) | ||
|---|---|---|---|---|
| The defined benefit obligations |
arise from plans | funded as follows: | 2022 | |
| 0 | ||||
| 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: |
2022 | |||
| Fair value of assets at 1 January 2022 | ||||
| At 31 December 2022 | ||||
| Movement in reimbursement |
rights recognised | as an asset: | 2022 | |
| 0 | ||||
| At 1 January 2022 | ||||
| At 31 December 2022 |
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| 24 | Analysis of net assets | Analysis of net assets | between funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Fund | Funds | Fund | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| 8 | 8 | 6 | f | |||||
| Fund balances at 31 | ||||||||
| December | 2022 are | |||||||
| represented | by: | |||||||
| Tangible assets | 1,875,843 | 1,875,843 | 1,908,149 | 1,908,149 | ||||
| Investment | properties | 675,000 | 675,000 | 675,000 | 675,000 | |||
| Investments | 2,194,170 | 3,982 | 2,198,152 | 2,489,736 | 5,054 | 2,494,790 | ||
| Current assets/(liabilities) | (33,211) | (33,211) | (42,630) | (42,630) | ||||
| Long term | habilities | (57,290) | (57,290) | (101,579) | (101,579) | |||
| Provisionsand | ||||||||
| pensions | (2,000) | (2,000) | ||||||
| 4,654,512 | 3,982 | 4,658,494 | 4,926,676 | 5,054 | 4,931,730 |
| Analy | sis ofchan | ges in net (debt)/funds |
|||
|---|---|---|---|---|---|
| At 1 January | Cash flows | At 31 December | |||
| 2022 | 2022 | ||||
| 6 | 8 | ||||
| Cash | at bank and | in hand | 13,809 | 2,928 | 16,737 |
| Loans | falling due | within one year | (43,282) | (504) | (43,786) |
| Loans | falling due | after more than one year | (101,579) | 44,290 | (57,289) |
| (131,052) | 46,714 | (84,338) |
| 27 | Cash generated from operations |
2022 8 |
2021 6 |
|
|---|---|---|---|---|
| (Deficit)/surpus for the year |
(275,236) | 54,149 | ||
| Adjustments for: Investment income recognised in statement of financial activities Fair value gains and losses on investments Depreciation and impairment oftangible fixed assets Difference between pension charge and cash contdibutions |
(147,242) 183,117 32,306 2,000 |
(141,291) (182,823) 32,306 4,000 |
||
| Movements in working capital: (Increase)/decrease in debtors Increase/(decrease) in creditors |
(19,046) 12,049 |
6,750 (10,894) |
||
| Cash absorbed by operations |
(212,052) | (237,803) |