REGISTERED CHARITY NUMBEK. 225535 Rert•f tb¢ Tnuiee$ lod UN•udlied Fin•o¢id Ststtmeots fw th¢ Yer Ettdcd 31 Dt¢embtr 2023 The Hrt MeDwrlal Trn*t Suite I TheRiversidc Builthng H1¢ E&%t Yorkshir¢ HU13 ODZ
The Hrt mel111 TTu¥t CortteAts of tht FID•ncknI Ststemats fortb¢Yt•rEtyded 31 Detembtr2023 Pe Report of (ke Truth I to 2 Indtpertdenl ExthlD¢r'¥ Report Sttemut of Flttttd Ac¢lvlis Balance Sbeet Notes t• the Fill•ncil Ststtr•tnts 6 kl 11 Detll Ststtmertt of FI¢1 A¢ll 12 to 13
The H•rt Memorial Tru Rep)rt oltheTrwtetJ for iht Y¥r Effjded 31 De¢¢mbtr 2023 Th¢ tru8tec5 prcxnt thcir re1 with the fmancial of th¢ ¢lmity for the yr cn(kd 31 Delnber 2023. The tswes have adepted the pYovi$iotLS of Accvuntujg Reporting by Charities: Statenllt of RC¢Ott)ELE PraGtir¢ alicab to ¢lwiti¢s Pry&Till¥ th¢w accounts in accord8rKe with the FinalA[ Repaming Stsndth 4pplic•bie in UK RwubliG of Lrrjand IFRS lff21 {effe£ftve l January 20191. Obje¢tiv¢q aims The cbarity was set up on 10 1952 by Wdl ofHerbtrt WiiEiam H4rL did in the l&t¢ 194(Y5 and left bis padth)cks and re5identiaJ estste (following the de4th of bis widow) to to bjikl hoTiKS for th95e Gkn5en by the TDJstr¢s wbo ar¢ {not attributed to their owll foltyl of stsaitened JneaDS They arc p¢rwns of ¢ith¢r sex who have resided or callied bu5ines5 for at least M ye•5 in the City •ryJ County of Kingston uwn Hull in th¢ Ridin8 of YhiTe. Followillg ) tcvi¢w by the Tru5ttts a1 their legal adisery the Cknity Coromission approv¢d i da 9th May 2017. Thi5 5chetn¢ rnadc th¢ following amendmcnts to the ori8ioai governi docu1. {11 Thc objecrof the chanty forthe public b¢n¢fi¢ th2 relief of h9SLiP OT distru5 amongst benefi¢iwies in such txed by the pro¥i%irn ofaiTt¥b¢yJs¢aGcomTtMNJatioD for th¢m. 121 Thc tÉU51ees t)w. in Cl aPtnt i residcDiwho live$ outsid¢th¢ arc• of benefit and has not reStd wuked orcarried on b%e$S uitht artA of b¢nefit for at Iwt fiv¢ye4ts but i5 ¢thrwise qlfi. The In¢¢5 muu rewrd ill the yeeotd of theirmeetiti88 tbe ttature of the exceptional circutllstsrttg jusb.fymg the appoiDtsneni. The Tesidentsxppointcdunts thi5 SU1$t must t u¢wJiM¢.third ofthe lotai J)umber or re$2deJ)ts at Jy on¢tini¢. Th¢ charity provith5 thirteen dwellings &% Harts Close. Hornsea in the Ridin8 of YorkshÉre for those who arc eligible aThl wish to wnlinu¢ to liv¢ irwntly. The actommodatiort consists of 9 Jd 4 si]JgJ¢-Pa50n dw¢lling5. Th¢r¢ 15 no w4rd¢n on the site re5idettts need lo k sufficiently ]nobile and fit to lot>k after thEm5¢1v¢s lor th¢ir 5FK)USe51. Each dwelliDg is however. providd with ttk¢ Autbority Lif¢-LiDe Supwrt Sy5¢¢m fitted with a 5mok¢ Hlann. healillg and knt w•lcr setvites ayv also pllNsded. No such ts to rE5idcDts but they ate tequired to ptty a wcekiy coDthbutioo {usually FKlow market level) WardS tnainnance costs. FINANCIAL REVIEW Attlvlttes Ptrfornwi¢¢ •od Flo¢11 Rtyit ColltributioD5 fmm residents have Lncre&8¢d in the yt4r to £77278 (2022 £61.468). Jn view of thts. the net expelldirure re taking into W¢s11s¢d movemujt in inve8tthents is £9.159 (2022 £13.162 thGome). Th¢ v8luc of inv¢s¢m¢nts has increas by £1.416 (2022 £2.663 dttre&%e}. Therefore th¢ itt¢r¢bs¢ ott ¢xpenditstt for th¢ yt4r of £7.743 kn5 (kcre4Jed unrestncttd reseTres carried forward tts £253,481. Rewvo Polky WEthout which the ctwity could rKJt The trus ¢(lder it pnthnt that UDrtstricled reserves shId be sufficient to cover expetLes for a pertod of12 llN)nths as g rniTriruwn to avoid thc ncttssity of Tealising flxed ets hEld for charitsble w8¢. the amountof whirh equat&s to £91.790. Restrtctèj fjjrjds retnain unchanged ¥1 £734.897. whilsi the llnrestr funds have dreAse by the net exptydilure u the year. &s 5tskd in the Activits¢4 Perfomjance and Finaticial Rtview S#Eion of thi5 Tew)rt, tts resu]t in £253.48] in UrtrIctl TES¢[v leBvJDg the tota] re8uYes at £988J78. Al 3[ D¢ccmE¢r 2023 th¢ trusteu cons2der are ts4uate for these pw8¢s. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docuDwDt The charity is controlled by its governillg &umenL adttd of tr¢ and coo8tittrtes all UDiDCO4N)At&l chwity.
Tbe Hart MenKbrtsl Try# Rtyort ofthe Tnmteu rvr the Y¥r Ended 31 Detember 2023 The Tru, of W1)rn li IIK411y. are ¢(S¢l0V$ of the well-being of those for whotn they &ept reSpolI1ty. The TTUSI Deed provid¢5 for a ]MUM of 5 TnLSt¢ts. The Chair of th¢ Tru5tttS is Test)nsible for the ind119n of any rKw Truse which I[ awarncss of a Tru5t¢CS Tespjnsibility. the governing duMent and the history philosophy of the Tr. A new T[e wixJ]d retti wpic5 of the teicvant d(Kum1£ffl alon8 with the vIOuS yearfsaUn annual ttp)rt attd governi8 d(Kutll¢tLL The Th$tee5 meet Te8r1Y but the day to day nJ)npng of the chanty t5 del¢Battd the Chiinnan. The TTUStce5 pJfLually rcvicw the risks to the Tn]st and its Ttustees. The main itujs llwajly iThvolv¢ thc miitttertancc of the buildings in conjuDction th¢quinquenru31 preped by OUrptI ltect. R&FERENCE AND ADMINISTIL4TIVE DETAIiS Reglred Charlty number 225535 PTlJdp¥l ddres5 Citsd¢l Hous¢ 58 High Strcet Hull East YoTkshir¢ HUI LQE Trustees J B W8rt Chairnjan N H BroJAJm Nts5 A M¢rritt S L E8¥le5tou SD Indeptndetst EMffllner H3TTiS L¥cy and Swaio Suite I The "verSide Building Hcss]c E85t Yorkshire HU13 ODZ Apptoved by order of the board ortnS Dn.... ...... I.*alld si8Ded on itslKhalfby. JBW . Ttwtee Page 2
IAdepeJhdent Exmln¢r'$ Report to theTrusteu•f The Methorknl Tru# Inthpendent ex•miner's rort t¥J tbt tntsttt# of The Hart mell1 Thist l TeWrt to th¢ ¢JJarity the¢S on my examinl(l of the IoUnts of Th¢ Ftart meThal I1 (the Thtytl for th¢ year endd 31 Dcwnbcr 2023. ResponsAbiUrfts %nd basts of report As th¢ ¢h4ity trllsi of th¢ TTU5t you are resrnnsible for the ppartIOn of th¢ aEcounts in XCOTdanee with the te4uir1ents of th¢Clwiti¢S A¢1201 I Ilhe Acn. I re[rt in yes of my examirntion of the Trus¢s ac¢tyJnts ¢r1 thjt Section 145 tsf th¢ A¢¢ aDd in ¢arying Out my Examinltson I hav¢ folli)w¢d Nll applicable Direcuoos given by tl Ch8rity Conmnissiffi wd¢r scall 145(5Mb) of the Act. Indtytndthtexamkntr's siatement I have conlet my examinatii)n. l ¢onfirn that material mattus have cotne th my attention Ln cl>nnEGtm with th¢ exami110n giv5tt8 m¢ ¢•the believe th&tin any m&tttt41 rwt.. acmting r¢¢ords wcrc not k¢pl Én restd of th¢T a8uld byS#EM 130 of the A¢1; or th¢accouDts do Dot accord with those rttoTd8' 0¢ the accounts do not mplY wth the applicable requiremertts concttrtin8 the forn) and t(leI of &COUDts set i in the Charitiey {Accounts and RerA)rts} Re8lll&tion$ 2(th other than requirement that the attixLnts givc a tn and fair view whKh is not a mats cowidered as part of iudepertde examit&tton. I bave llo concerns and have come act(6$ no other mauers iti co]wtion with the examin which attent*)n should drawn this re[rt in orthrto enabk a ptoperwyjets8 of the acuAulls iobc Thchtst H8rris IAcey and Swa Suite I Th¢ Rivetsid¢ BuildLtt8 HU130DZ P•8e 3
Tbe H•rt Memorfal Trv¢ st#lent of Flnndl Activitie¥ ror the Year Elldtd JI DeEeJDber21123 2023 Tot&1 2022 Totsl UtiTe4tricted Rtttri¢ied Not¢5 INCOM£ Af4D ENDOWMENTS FROM Iknalions and le¢LtS 77278 77278 61.468 In5[mcn¢ 1me 5J53 5J53 3,677 82,631 82.631 65,145 EXPENDITURK ON Charltbie aetivltl Clwitablc acti1itS 88J21 88.321 48.241 3,469 3.742 Totsi 91.790 91.79) 51,983 Nei ll1{k) ort iDVeStrnMts 1.416 1.416 11663) NET INCOMFJ{EXPENDITUREI (7.743) (7.7431 10.499 RECONCILIATION OF FUNDS Tot fiJnds brought fi)nv8rd 261224 734.897 99A121 985.622 TOTAL FUNDS CARIUED FORWARD 253,481 734.897 988J78 996,121 The no5 forn pm of thes¢ f1¢141 stam¢nty Page4
Tht Hart Memortsl Trrt Bal•n¢eShe¢t 31 December 2023 2023 2022 Total Unre5tricivA Restricted fiJn& TgIble &%sets Inves¢mcrtts 75.837 84222 734.897 810.734 84.222 810,734 82.806 160,059 734.697 894.956 893.540 CURRENT ASSEIS 472 945 472 94.590 Cash atbank 103,701 95.062 95,062 103.701 CREDITOI Atwth¢s falling within one year (1.640) (1,640} (1,120) r4ET CURiiENfA8sETS 93.422 93,422 102,581 TOTAL A&18 LFSS CURPENT LIABtLITIES 253.481 734.897 988J78 996.121 NET ASSETS 253.481 734,897 988J78 996,121 FUNDS io 253.481 734.897 261224 734,897 Resrri¢t¢d fiu¥Js TOTAL FUNDS 988J78 996,121 The fifta cthi slaiemwlts w¢rE approvd by the Bowd of Trustees attd authoristyA for issue zrawe $i¢d on its ithlfby.. JBW - TnL8te¢ Tr rK4¢5 forn wt of the¥¢ fiDm¢ial sthm¢nu Page S
The Hart m¢mori Tru N•tey to tbe Flnathtll Ststements for the ye Eded 31 Dprember2023 AcCOuThG POLICIES B•sls of prepArknE the fits•n¢ial rtstemeots The fit¢1815¢8t¢mcllts of the charity, which i5 a public i%nefit entity under FRS 102, have been prepwi in Ac¢ord4n¢e with tb¢ chariti SORP (FRS 1021 'Accotznttog atmt Rcwrting by (Jwritses.. Sthtement of Reeo¢nmetHled Practice applicable to ch8ritie5 preparing their accounts in ¥wrdgnc¢ with FiNn¢iMI Re]MXtsDg Starydard applycable io the UK Atyj Rybb'c of 1relat Im 1021 l¢ffe¢tiv¢ l Jalluary 2019),, FI1ClaI R¢nIng Stalldrd 102 Tr Fina[1] RetA)rtiD8 Applkcablc in the UK alld Ryblic of Ercland and the Clthtitie5 Act 2011. The fiD0ncial stst¢ments bave been UTKJ¢r th¢ b]stOrK cost ¢ouv¢n¢i4)JL with the exccpl of invt5tmeThts which are in¢lwJtyA at mathet valu¢ as mOdifd by the r¢valualion of certain as8e All ]rrn¢ is I0gd ia the Ststw¢Tht of FinaDcwi Artivities ore the charity h¥ Mtiti¢m¢nt tu thc fiuwjs, it obthlcthat the illcome will be el¥¢d and thc amount can bc Measur rejiably. The in¢om¢ of the charity h&8 arisen from 3 differentsj[ceS. Contributions fmm re8idettL8. which ar wcckly cottttibuiions to covtr mairttthancc of theprop¢rtt¢5. Itsv¢5ttuent whith areth"VIdeds from M&G Clwn'ty Mulli Ass¢t5harc5. Inte5[ rettive4 wbich are monthly itttere#paJTLCQt6rrf¢ivuJ fromtheCOIF Cjwilies Dwit Futt xp¢ndl¢ure Liabilities are recognistyj &8 expditute as SAJon a5 thete is a legal or conslJvctive obligation committing the ch"ty to thai tndItsre. Lt is tmbable thai a transter of economi¢ ben¢fi¢s will be rvqutred in s¢ttl¢m¢ni and tb¢ amoum of the obligat20n cart it mea5Urtd reliably. Expendibjte is actoulltd for accruals b¥is and bas been ¢iassifLed Wmler hcadw that aweBait ail cosi rt]ated to the category. Where costs cannot bc dirccdy aMnThuted to Pll¢v he4dirEgs they bave bern aU(tat&J ty tivitie6 on * bsqis consist¢At with th¢ of resour5. TAugibl¢ fixed 55¢15 Fixed assets are ¢08lSed in the ¢ouDts at Cl or valu4ttOD. ThEX afE D)t d¢pr¢ciatsL 35 the land and buildwgs are tKrt de¢med to los¢ valu¢ lim¢. ltyvestthttyts Inv¢$¢m¢nts ar¢ r¢v•lu¢d the accwits ¢Yeryyear. asperthevalue Ven ftom M&G Inves¢meN8. TaxiioD The charity is eXpt from tLX OD its clwi"tabl¢ a¢uviti¢& Fund ccou•tillg Unrestr fitllds ¢80 u8•J itt o¢¢onkn¢ with the ohlritsble objxtiv¢s at the discmion of thE trist¢¢s. ReslriGtc4 fijnds only be uwl for pathcular rtricted pwposes within the Obits of the charity. Restrictions aTiS¢ when spwified by th¢ (h)ftoror wtLeTh fsuos alr ra5sed forpHttKu1TeStrIctd PWFrf) Furth¢r¢xplwtioAof th¢ n4tyr¢ wd pwpo8¢of ¢h fimd iy in¢luded in th¢ ttoi¢sto th¢ firwial $WeM. Esttmates glld judgements Estimates gThJ judgements are ¢Ott¢inually eVUlted and aT¢ bed on hi5tori¢ai experienc¢ Ld odr facto. including expedations of futur¢ cvwts that are btli¢v lo be Te&%onable under the citfUrn5tances. Alt18 the5¢ estimates are based on the TTWtee' best kDowle of the amouDL eVts or actions, acDJal results ullimlY differ fKom these elMa The TpJ5te&8 th) not corlder thue to be 8ny ma(erI estilmi ttnd judgements. Page 6
Tkt Hart Memorial Trwt ror the Yev Elldtd 31 Dettmber 2023 ACCOUNTING POLlCtES- ¢•ntl•4ed E5tIM•t And Judieffi¢Dts The chan.iy only h8s fmon¢ial ass¢15 aT finaw.al lthilitie$ of a kitKI that qualify Iwi¢ financial [nsttu[t Basic financial insmknments, iuoJudLng tTrde and Oth debbn aud rrgJit¢>rs arc iwtially rec{Jised al trlIOn value aNI sulwuetttly mwurc at their sadcttwttl value. 2023 Invests)kttt itteome IkwJsit8¢¢ouui ittt¢r¢s¢ 3,503 1,790 3282 395 5,353 3.677 TRUSTELS, REMUNERATION AND BENEbTrs There wcrr tLO tru5tC¢S' Tetnuurntion or other benefits for the ytst etthj 31 De¢eth 2023 nor for th¢ y¢aT thd 31 DEMber2021 Trnstees. expen Th¢r tru5t¢d ¢xpc[ pgid for the yr ended 31 December 2023 nor for the year e2wJed 31 D¢Mber2o21 Aver•ge ouThber of employe Th¢ aYcrag¢ nurrLb¢rof ¢mployets ¢thJnng the yearwa8 NIL {2021 - NtL). cON{PARATI FOR Th£ STATEM£NfoF FLWANCtAL AcnvmES fjJnd8 INCOME AND ENDOWMENTS FROM DonatioAs and le8acie$ 61,468 61,468 3.677 3,677 Total 65.145 65.145 EXPENDITURE ON Charitlbk *ctivlties Charitable aciiviiie5 48241 48241 Other 3.742 3,742 Total 51.983 51.983 (2.663) {2.663) Pa8e 7
Th¢ Hrt Mex0r1 Trvt Notes totbt Th•#¢il S¢atroDts- toBllnued for thtY¢ar Etsdl 31 Ikcember2023 COMPARATIVES FOR THE STATEMENf OF FINANCIALACTivrrtES. continued Unrtr1 Resth¢d Totsl fuDds NXT JNCOME 10.499 10.499 RKCONCILIATION OF FI)M Tots] furjds broupjt foT 250.725 734.897 985.622 261,224 734.897 996.121 TANGIBLE FIX8D ASSETS FTe¢htsld ptvp¢rty COST At l J4nuw 2023 And 31 tk£ember 2023 810,734 NET BOOK VALUE At 31 D¢wttiw2023 810.734 At 31 Decem2022 810.734 The fr¢¢holO lapd, lIdIaS. fLxbJrts fittiDg5 wue prnfessay valutrj on an coen marke¢ ba8is at I August 2010 at £755.(#XI. Additi{$ less wants lY&1 sitte thai date are JhN]ed&t CObL The Tnjstees are Mt Bware of any matettial chan8es value sie the 118t valuatio Iv(Men15 MARKET VALUE At l January 2023 R¢VvatiOnS 82.806 l.416 At 31 D¢¢mbtr2023 84222 NET BK VALUK At 31 Decembrr 2023 84,222 At 31 Del2022 82,806 There wert no inv&8tment assets Outside the UK. Cc6t or valuation at 31 Decaukn 2023 i¥ Y¢pttsetttolby. Inve5tmcThts Valuation irt 2023 84.222 Pa8e 8 niioued..
Th¢ Ihrt Mtuwrl•J Thut Notu to the FlnaDcial StatemMth- eottllDued for tbe Yer Eadtd 31 Dttewber21123 FID ASSET INVESTMENTS. colltlued Invc5tmCntsn5Ist0f 93.767 M&G Ctity M4]]ti Asset Incomc stWe5, at an orinal of £27,935. DEBTORS: Amotrn FALLING DIJE WITlItN YEAR 2023 2022 472 CREDrfoRS: AMOUNTS FALLING DUE YEAR 2023 2022 othereAllor8 1,120 IQ. MOvEMEr IN FiIND5 Nei movenKDI At 31.12.23 Atl.1.23 Unrtstrkted fuAds Gene¥al fund 261224 (7.743) 253.481 Rutrletsl f&Td$ RcsthcteAI Capitsl Fut L Hickson Memorial FWKI 734,797 734,797 734.897 734,897 TOTAL FUNDS 996.121 17.743) 988J78 Net ttr)Y¢m¢ot itl in¢lutsl ID ¢he aTE JS follow5". exFtnd¢d in fwyjs Ullrestrkted funds Germl fjjnd 82,631 191.TJO) 1.416 17,743) TOTAL FUNDS 82.631 (91,790) 1,416 17,743) Pagc 9
Tr¢ H•rf MeD)rllTrnst Noto to thr FJD•nci•l Statemtnts- c•htinkned for th¢ Yer Emded 31 Detember 2011 io. MOVEfvIENf]l¥ FLINDS. c•ntly¢ C*Jmpgrxllv¢s for movewent ID Ner Ai 1.122 31.12.22 Unrestrltted fvlld5 Gerthl fjjnd 250,725 10.499 261.224 liestrkted fuDdJ Rt¥trirted Capits] Fund L Hi¢ks¢)n Mqnwial Fw 734,797 734,897 734.897 TOTAL FUTrIDS 985.622 10,499 996,121 Comparative netmoTrMnent ITh futKl& inclwlul in the ave fft &5 foll¢)ws: IOMIng Resourcey Gbins aDd Movement in funds UDrtttrfcted funds Gemeral fvnd 65.145 151.9831 (2.6631 10.499 TOTAL FUNDS 65.145 {51.9831 (2,663) 10.499 A curreffl year [2 nwithsand prior ye8r 12 montlty ctynbined positim 18 follows: Nd movement in funds At 1.122 31.1223 Uhrtttrlctod fvadi G•J¢rnl fiy 250,725 2,756 253,481 Restrltted Rcstridd C¥ithl Furtd L Hickson MeinoriAI Fimd 734.797 734,797 734.897 7Y.897 TOTAL FUNDS 985.622 2.756 988.378 Page 10 corlinued...
Tre Hart memoti Trust Notes t• the fftn•nti4 Statsmthts- ror th¢ Year F•d¢d31 Detember2023 io. MOVEMEP Ir4 FUNDS. eontinued A cullcnt yf4r 12 tllontEk8 attd prior Y¢ 12 llnthS W)mbl nct moverncnt I fimds. ittduded in dht 8EM)ve are as follows.. IncominB G8it)$ 8thd MovEm¢nt in funds tJthrestri¢ted fuDds eneraj fund 147,776 (143,773) (1247) 2.756 TOTAL FUNDS 147,776 1143,7731 112471 2.756 RELAITD PARTY DISCLOSURES Th¢r¢ w¢r¢ 120 r¢lat¢dparty trngctions forth¢ yended 31 Dxetllbcr 2023. Page 11
The H•n MÈmorl41 Trngt D¢tailed Ststemenl of FlnaDcll Acllvllles S)T theYurEnded31 D¢e¢mtrr2023 2023 2022 INCOME AND ENDOWMENTS •Dd 14•¢1 Contribu¢ion5 from rtsithnts 77.& 61,468 Inwethent Sn¢ome 3.563 1.790 1282 395 5353 3.677 T•tl l•towlttg rt¥our¢t 82,631 65,145 EXPENDITURE Charftsbje etlvltl Water InsuraEKe Lif¢lin¢¢ba¢5 1.679 2,676 4285 22.145 12,977 29,485 iJ28 2.550 4285 7.499 5,690 16.820 2,370 793 Electricity Telephone 76.740 41.341 Other Advertisin8 Sutty Expe PToftssion#l fe¢$ 249 382 3260 1620 3,742 Support costs Man•E¢m¢nt Postage and $tltion¢ry 251 165 Vlnillce Bank ctrw8es 13 Cover•ADce costs ACcoUnnCY fees 1.232 1.120 5.5 120 3.965 tLgal fees Il?17 6,735 This dca foTrn partof thcmtuw fin&ncial statcmcn15 Page 12
The Hart MeJDorknl Tryst Delalkd SttemeTrt of Advltios ror tht YeT Ended JI DeceThber2025 2023 2022 91.7YJ 51.983 Net (cxpendithttyIxcoTh (9,1591 13,162 This p¥ ¢kns not fifft part ofthc s• finallGiJ] 4atcments Page 13