REGISTERED CHARITY NUMBER: 225535
Report of the Trustee$ xnd
Unaudited FiDaNcial state￿ellts for the Year Ended JI December 2024
for
The Hart Memorial Trust
Haryis Lh¢ey and Swain
Suite I
The Riverside Building
Hes51e
East Yorkshire
HU130DZ

The Hart Memorial Trust
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Report of the Trustees
Independent Examiner's Report
Statern¢nt of Finsnci#l Aetivities
Balance Sheet
Notes to the Financial Statements
6 to 11
Detailed Statement of Financial Activities
12 to 13

The Hart Memorial Trust
Report of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the finan¢ial statement5 of the charity for the year ended 31 December 20?4. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 1021 (effective l January 20191.
OBJECTIVES AND ACTIVITIES
Obj¢clive5 and aims
The charity was set UP OD 10 March 1952 by the Will of Herbert William Hart. who died in the laie 1940's and left his
paddocks and residential estate (following the death of his widow) to Trustees to build homes for those chosen by the
Trustees who are (not attributed to their own folly) of siraiiened means. They are persons of either sex who have resided
or Ca￿led out business for at l¢a51 ten years in the City atjd County of Kingston upon Hull or in the East Riding of
Yorkshire.
Following a review by the Trustees and their legal advisers, the Charity Commission approved a scheme dated 9ih May
2017. This scheme made the following amendments to the original goveming document -
(l) The object of the charity is, for the public benefit. the relief of need. hardship or distress amongsi
beneficiaries in such need by th¢ provisiorh of almshouse accommodation for them.
(2) The trustees tnay. in exceptional circumstances, appoint a r¢sid¢nt who lives outside the area gf benefit and
has not resided, worked or carried on business In the area of benefit for at leasi five years but is othenvise
qualified. The trusiees must record in the record of their meetings the nature of the exceptional circumstances
justifying the appointment. The number of residents appointed under this sub-clause must not exceed one-third
of the total number or residents at any one time.
The charity provides thirteen dwelling5 as Harts Close, H0rn5ea in the E&st Riding of Yorkshire for those who are
eligibl¢ 8nd wish to continue to live independenily. The accommodation consists of 9 two-person and 4 sitlgle-person
dwellings. Th¢re is no warden on the site and residents need to be sU￿1¢ientjY mobile and fit to look after themselves {or
their spouses). Each dwelling is however, provided with the Local Authority Life-Line Support System and fitted with a
smoke alarni. Central healing and hoi waier services are also provided. No r¢ntal as such is charged to residents but
they are required to pay a weekly coniribuiion (usually below markei level) towards maint¢nan¢e ¢05ts.
FINANCIAL REVIEW
Activities, Performance and Financial Review
Contributions from residents have decreased in the year to £76.704 {2023 £77,278). In view of this. the net income
before taking into account unrealised movement in investments is £6,591 (2023 £9,159 net expenditure). The value of
investments has increased by £2,822 {2023 £1,416). Therefoie the increase on net income for the year of £9.413 has
increased unrestricted reserves carried fonvard to £262,894.
Reserves Policy
Unrestricted fimds are needed to provide funds for ongoing and future improvement5, tnaintenance and support costs
without which the ¢hority ¢ould not filnction. The ttustees consider it prudent that unrestricted reserve5 should be
suffieient to cover expenses for a period of12 months as a minimum to avoid the necessity of realising fixed assets held
for charitable use. the amount of which equates 10 £76.096.
Restricied funds remain unchanged at £734,897. whilst the unrestricted funds have increased by the net itlcorne in the
year, as slated in the Activities, Perforn]8ne¢ and Financial Review section of this report. to Tesult in £262.8941 in
unrestricted reserves, leavin(T the toial reserves ai £997,791.
At 3 I December 2024 the trustee5 consider funds are adequate for these purposes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GoverDing document
The charity is controlled by its governing document. a deed of trust and constitutes an unincorpordted charity.
Page I

The Hart Memorial Trust
Report of the Tru5t¢es
for the Year Ended 31 Deeember 2024
The Trustees. all of whom live locally, are conscious of the well-being of those for whom they 8¢¢¢Pt responsibility.
The Trust Deed provides for a maximum of 5 TrLtstees. The Chair of the Trustees is responsible for the indu¢titsn of any
n¢w Trnstee which includes awareness of a Trustees responsibility, the tsovemints document and the hisiory and
philosophy of the Tnjst. A new Tnjstee would receive copies of the relevant docum¢ntatiOD along with the previous
year's accounts. annual report and gov¢rning document.
The Trust¢es meet regularly but the day to day running of the charity is delegated to the Chairman.
The Tn￿te¢S aTwually review ihe risks to the Trust and its Trustees. The main items usually involve the maintetwice of
the buildings in conjunction with the quinquennial report prepared by our panel architect.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
225535
Principal addr¢5$
Citadel House
58 High Street
Hull
East Yort(shir¢
HUI IQE
Trustees
J B Ward chairn￿n
N H Broxham
A MetTitt
S L Eggleston
S Deas
Independent Examiner
Ha￿15 Lacey and Swain
Suite I
The Riverside Building
Hessle
Easi Yorkshir¢
HU13 ODZ
Approved by order of the board of trustees on ..
and signed otl its behalf by..
JBWa
- Trustee
Page 2

Independent Ex*miner's Report to the Truste¢5 of
The Hart Memorial Trust
Independent examiner's report to the trustees of The Harl Memorial Trust
I report to the charity trustees on my examination of the account5 of The Hort Memorial Trust (the Trust} for the year
ended 31 December 2024.
Responsibilities and basis of report
As the charity tnL5tees of the Trust you are reSpO￿5[ble for the preparation of ihe accounts in a¢¢ordance with the
requir¢m¢nts of the Charities Act 2011 ('the Act'l.
I report in respect of my examination of the Trust's accounts ca￿led out under Section 145 of the Act and in carying out
my examination I have followed all applicable Directions given by th¢ Charity Cortllnission under Section 145(5)Ibl of
the Aci.
Independent ex4miner'$ 5tst¢m¢nt
I have completed my examination. l Confirtn that no tnaterial matters have come to my attention in ¢QDn¢¢lion with the
examination giving me Cause to believe that in any material respect..
accounring records were not kept in respect of the Trust as required by Section 130 of the A¢t,' or
the ac¢ounts do not accoid with those records., or
the accounts do not comply with the applicable requirements concerning the fonD and content of accounts set out
in the Charities (Accounis and Report51 Regulations 2008 other than any requirement that the a¢counts give a
true and fair view which is not a matter consideTcd as part of an independent examination.
I have no eoneems and have come across no other matters in connection with the examination to which attentiOTt should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
oa, .{
Harris Lacey an
Suite I
The Riverside Building
Hessle
East Yorkshire
HU13 ODZ
Swain
Date".
24./oS/.z.o.ZS......
Page 3

The Hart Merthorial Trust
Staterntnt of Finaneial Activities
for the Year Ended 31 Decemb¢r 2024
2024
Total
funds
?02)
Total
nds
Unrestricted
fund
Restricted
thjnds
Notes
INCOME AND ENDOWMENTS FROM
Donations and l¢gacies
76,704
76,7(
77,278
Investment income
5,983
5.983
5,353
Totsl
82,687
82,687
82,631
EXPENDITURE ON
Charitable activities
Charitable attivities
71,183
71.183
88,321
Other
4,913
4,913
3,469
Totsl
76,096
76,096
91,790
Nei gains on investments
2.822
2,822
1,416
NET INCOME/{EXPENDITURE)
9.413
9,413
(7,743)
RECONCILIATION OF FUNDS
Total funds broughi forward
253,481
734,897
988,378
996,121
TOTAL FUNDS CARRIED FORWARD
262,894
734,897
997,791
988,378
The notes forni part of these financial staten]ents
Pag¢ 4

The Hart Memorial Trust
Balance Sheet
31 December 2024
2024
Total
nds
20?3
Total
fund5
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tanuible assets
Investments
75.837
87.044
734,897
810,734
87.044
810.734
84,222
162,881
734,897
897,778
894.956
CURRENT ASSETS
Debtors
Cash at bank
552
112,908
552
112.908
472
94,590
I lJ,460
113,460
95.062
CREDITORS
Amounts falling due within one year
(13,4471
(13.447)
(1,640)
NET CURRENT ASSETS
100,013
l(M),013
93,422
TOTAL ASSETS LESS CURRENT
LIABILITIES
26? 894
734,897
997,791
988.378
NET ASSETS
262,894
734,897
997,791
988.378
FUNDS
Unrestricted funds
Restricted funds
10
262.894
734.897
253.481
734,897
TOTAL FUNDS
997,791
988,378
The finan¢ial statements were approved by the Board of Trustees and authori5ed for issue
..￿?￿ and were signed on its behalfby..
on
JB War
Trustee
The rtotes forni part of the5¢ financial statements
Pa£e 5

Th¢ Hart Memorial Tr￿$1
Notes to the Financial Statements
for the Year Ended 31 Decernber 2024
ACCOUNTING POLICIES
Basis of preparing the fin*neial statements
The fmancial sta(¢ments of the charity, which is a public ben¢fit entity under FRS 102, have been prepared in
ac¢ordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5.' Statement of
Reconunended Practice applicable to ¢harities preparing their atcounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 2019).,
Financial Reporting Swidard 102 'The FiDan¢ial Reporting Standard applicable in the UK and Republit of
Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost
convention. with the ¢xr¢ption of investments which are included at market value, as modified by the revaluation
of certain assets.
Incorne
All income is recognised in the Statement of Financial Activities once the charity has entitlemeni to the fi]nds, It
is probable that th¢ income will be received and the amount can be measured reliably.
The income of the charity has arisen from 3 different sourc¢s'.
Contributions from resident5, which are weekly contributions to ¢over maintenance of the properties.
Investtnent income. which are dividend5 from M&G Charity Multi Asset shares.
Interest received, which are monthly interest payment5 received from rhe COIF Charities Deposit Fund.
Expenditure
Liabiliti¢s a￿ recoJo ised as expenditure as soon as there is a legal or constructive obligation Committing the
chariry 10 thai expendiMre, il is probable that a trdnsfer of e¢onotnic benefits will be required in settlement and
the amount of the obligaiion cats be me3sur¢d reliably. Expendifure is accounfed for on an accruals basis and has
been cl&8sified under headings rhat aggregate all tost related to the category. Where costs catjnot be directly
attributed to parti¢ular headings they have been allocated to a¢tivities on a basis consistent with the use of
resources.
Tangible fixed assets
Fixed assets are re¢ognis¢d in the accounts at cost or valuation. Thes¢ ar¢ noÉ depreciated. as the land and
building5 are not deemed to lose value over time.
Investments
Investments are revalued in the accounts ev¢ry y¢ar, as per the value given from M&G Investments.
Tax8tion
The charity is exempt frotn tax on its charitable activitie5.
Fund &¢counting
Unrestricted funds can be us¢d in accordance with the charitable objeeiives at the discreiion of the truste¢s.
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 particulaT restricted purposes.
Further explanation of the nature and putpose of each fi]nd 15 in¢lud¢d in the notes to the financial statements.
EstimAte5 and judgements
Estimates and judgements are continually evaluated and are based On historical experience and other factors,
itlcluding expectations of future events that are believed ro be reasonabl¢ under the tirtumstances. Although
these estimates are based on the Truste¢, best kngwledge of the amount. events or actions, actual results
ultimately differ from these estitnates. The Trustees do not consider there to be any material estimates and
juduements.
Page 6
continued...

The HArt Memorial Trust
Not¢$ to ihe Financial Statements continued
for the Year Ended 31 De¢emb¢r 2024
ACCOUNTING POLICIES- continued
E$timates aThd Judgements
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments, including trade and other debtors and crediiors are initially r¢cognised al transaction
value and subsequ¢ntly measure ai their settlement value.
INVESTMENT INCOME
20?4
2023
Investment income
Deposit account interest
3,798
2,185
3,563
1.790
5.983
5,353
TRUSTEES, REMUNERATION AND BENEFITS
There were DO trustees. remuneration or other benefits for the year ended 31 December 2024 r￿r for the year
ended 31 December 2023.
Trn5tefs' exptn$¢s
There were no tsNstee5' expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
STAFF COSTS
Averfige number of ernployee5
The average number of employees during the year wa5 NIL12023 - NIL}.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Total
funds
IP4COME AND ENDOWMENTS FROM
Donations and legacie5
77,278
77,278
Investment incorn¢
5.i53
5,353
Total
82.631
82,631
EXPENDITURE ON
Charitable activities
Charitable activities
88.321
88,321
Other
3,469
3,469
Total
91,790
91.790
Net gains on investments
1.416
1.416
Page 7
coniinued...

The Hart MemorlAI Trust
Note5 to the Financial Statements- eontinued
for the Year Ended 31 Decernber 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontinued
Unrestrict¢d
Restricted
nd
funds
Total
funds
NET INCOMEI(EXPENDITURE)
(7,743)
{7,743)
RECONCILIATION OF FUNDS
Totsl fund5 brought forward
261,224
734,897
996.121
TOTAL FUNDS CARRIED FORWARD
253,481
734,897
988.i78
TANGIBLE FIXED ASSETS
FTeehold
properry
COST
At l January 2024 and 31 tk¢ember 2024
810.734
NET BOOK VALUE
At 31 December 2024
810,734
At 31 December 2023
810.734
The freehold land, buildings. fixtures and fittings were professionally valued on an open market basis at I
August 2010 at £755,000. Additions less ￿ants received sin¢e that date are included ai Cost.
The Trustees are not aware of any material changes in value since the last Yaluation.
FIXED ASSET INVESTMENTS
Investments
MARKET VALUE
At l January 2024
Revaluations
84,222
2.822
At 31 December 2024
87.044
NET BOOK VALUE
At 31 December 2024
87,044
At 31 December 2023
84,222
There Were no investrnent assets outside the UK.
Cosi or valuation at 31 December 2024 15 represented by".
Invesiments
Valuation in 2024
87,044
Page 8
ontinued...

The Hart Memorial Trust
Notes to the FinAneial SIAtements - continued
for the Year Ended 31 December 2024
FIXED ASSET INVESTMENTS- coDtinu¢d
Investments ¢onsist of 93,767 M&G Charity Multi Asset Income shares. at an original Cosi of £27,935.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20?4
2023
Trdde delAors
Prepayments
552
472
552
472
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
13,447
1.640
io.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
At 1.1.24
Unre%tritted funds
General fund
253,481
9,413
262,894
Restricted funds
Restricted Capital Fund
L Hickson Memorial Fund
734,797
734,797
100
734,897
734.897
TOTAL FUNDS
988.378
9.413
997.791
Net movement in fithds, included in the above are as follows..
Incoming
resour¢e$
Resources
expended
Gains and
losses
Mov¢ment
in funds
Unre$triettd funds
G¢n¢ral fund
82,687
(76,096)
2.822
9.413
TOTAL FUNDS
82,687
(76,096)
2.822
9.413
Page 9
continued...

The Hart Memorial Trust
Notes to the Financial StatemeDt$- ¢ontinued
for the Year Ended 31 Deeember 2024
io.
MOVEMENT IN FUNDS- continued
Cotnparatives for movement ID funds
Net
movement
in funds
Ar
31.12.23
Ai 1.1.23
Unrestricted funds
General fund
261.224
(7,743)
253.481
Restricted funds
Restricted Capital Fund
L Hickson Memorial Fund
734,797
loo
734.797
100
734,897
734.897
TOT AL FUNDS
996,121
(7.7431
988.378
Comparative n¢t movement in funds. included in the above ar¢ as follows..
Incoming
r¢sour¢es
Resources
expended
Gains and
losses
Movemeni
in funds
Unrestrif ted funds
General fund
82,631
{91,790)
1.416
(7,743)
TOTAL FUNDS
82,631
{91,790)
1,416
(7,743)
A current year 12 months and prior year 12 months combined position is as follows..
Net
mov¢ment
in funds
At
31.12.24
At 1.1.23
Unrestricted funds
General fijnd
261,224
1,670
262,894
Restricted fund$
Restricted Capital Fund
L Hickson Metnorial Fund
734,797
100
734.797
100
734,897
734,897
TOTAL FUNDS
996,121
1,670
997,791
Page 10
continued...

The Hart Memorial Trust
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
io.
MOVEMENT IN FUNDS- continued
A curr¢nt year 12 months and Prior y¢ar 12 rnonihs combined net movement in funds, included ID the above are
a5 follow5..
Incoming
resources
Resources
expended
Gains and
losses
Movetnent
in funds
Unre51ricted funds
General fund
165.318
1167,886)
4,238
1,670
TOTAL FUNDS
165.318
{167.886)
4,238
1.670
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Pagell

The Hart Memori81 Trust
Detailed Statement of Finaneial Aetivities
for the Year Ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legg¢ies
Contributions from residents
76,704
77,278
Investment incorne
Inve5ttnent income
Deposit a¢¢ount interest
3,798
2.185
3,563
1,790
5,983
5.353
Total ittcoming resources
82,687
82,631
EXPENDITURE
Charitable activities
Water
Insurance
Lifeline charges
1,803
2.790
1.679
2,676
4,285
22.145
12,977
29,485
2.602
891
25,203
13.089
16.115
3.455
1.008
Electricity
Repairs and r¢n¢waL5
Garden upkeep
Telephone
6i.463
76,740
Other
Advertising
Sundry Expenses
Professional fees
300
907
3.706
249
600
2,620
4,913
3.469
Support costs
Management
Postage and stationery
290
251
Financ¢
Bank charges
13
Governance cost5
Accountancy fees
Honorarium
Motor Expenses
Legal fees
1,320
6,000
110
1,232
6,000
120
3,965
7,430
11,317
This pag¢ do¢s not fonn part of the statutory financial statements
Pag¢ 12

The Hart Memorial Trust
Detailed Statement of Financi41 Aclivities
for the Year Ended 31 DeCe￿ber 2024
2024
2023
Totsl resources expended
76,096
91.790
Net income/(expenditurt)
6,591
(9,159)
Thi5 page does not forn) part of th¢ statutory financial statements
Page 13