# ## ## |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|||| |||||th
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CL||| ## ## |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)|