CharSty r•0i8tration number 226291 (England and Wal?Jl
ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
LEGAL AND ADMINISTRATIVE INFORMATION
Trust••s
J S Broughton
A D Chaiknn
Craughan
O Morgan
Mr5 Z ToW￿r
C Waterhouse
Cllr L Chambers
N Moor
Cllr A Singh
M Morgan
Revd L Deas
T Neal Cllr
(Appointèd 19 May 20241
Charity number (England and Wal991
226291
Principal addrvss
Northumberland Court
Northumbertan¢J Avenue
Hull
East Yorkshire
HU2 OLR
Independent •xamin¢r
Jonathan Leathley FCCA
The Grange
Carr Lane
Weel
Beverbey
HU17 OSQ

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
CONTENTS
Page
Trustees, rèport
Independent examinerfs report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements
9-18

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual ￿pOrt and finaneial statements for the year endèd 31 March 2025.
The financial statements have been prepared In accordan￿ with the accounting policies set out on page 9, and
comply with the Trust Deed, the Charities Act 2011 and Accounting and Retiorting by Charities.. Statement of
Recommended Practice applicable to chantie5 preparing their accounts in accordance with the Finanoal
Reporting Standard for Smaller Entities published on 16 July 2014.
Objectives and aetivities
The charity'5 objects are the proviston ol housing ac¢ommodation for beneficiaries of thè charity and such other
charitable purpose3 lor those beneficiaries as the trustees decide. The policies adopted in furtherance of these
objects are exprèssed in the trust deed and there has been no Change in these durin9 the year.
The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
The scheme provides category 2 supported housing accommodation wrthin Tts grade 2 listed building. This was
built and opèned as Almshouses in 1887 and underwant Considerable improvement works during the 1990's, arid
latterly an éxtensive refit followin9 the 2007 Hull floods and it now comprises 62 one and two bedroom s81f-
contained flat5 5ilualed on two floors. Although set out within its own well maintained and landscaped grounds
the scheme is located within an industri81 area about one mile from Kingston upon Hull CAty eonlre.
Achièvements and perfomian¢e
The trustees realise that given its location every effort must be made to makè the scheme as attractive as
possible for both thè existing and perspective beneficiaries. Thi5 way the trustees hope to kèèp voids to
inimum. The daily management resides with the Warden. Estate Manager and an Adminislralion Support
Officer together with 2 dedicated cleaning staff. The trustees are very satisfied with the team the level of
support given lo the beneficiaries. Approximately 72¢A of the benefieiaries are in receipt of stale support
contribution lor the weekly maintenance allowance and just under 38tsk have a disability has been maintsined
during the year.
The eharity is an accreditèd Lwing Wage employor.
The Board is continuing Wlth phased programme of repairing 48 chirnney stacks lo there original design.
During the year the 808rd has continued to progress the development for the former allotment land. The Board is
expecting a pre application planning application to be considarÈd before the end of 2025.
Financlal rev￿W
The trustees prepare and aetively review an annual budget which al the time ol preparation includès a
comprehensive review lo identify risk5 the charity may be exposed to in the next 12 months and establish
pc>Iici85 to mbtigate thos8 risks.
The Trustges ¢>)ntinue to aeerue part of the surplus towards the ongoing maintenance of the building in line with
agreed policy.
It is the policy of the chanty that unrestricted funds which have not been designated for a speafic use should be
maintain8d at a level equivalent to be￿een thfee and six month'5 expenditure. The trustees consider that
reserve5 31 this level will ensure that. in the event of a significant drop in funding. they will be able to continue the
charity's current activities while ConS￿eration is gwen tu ways in whith additional funds may be raised. This level
ol resewes has been maintained throughout the year.
The trustees undertake to invest available resources nol required imme¢Jiatety for the charity's purpose in such
investments as authorised by the Irust deed.

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees has assessed the major risks to which the charity is exposed, and are salisfied that Systems are in
place to mitigate exposurè to the major risks.
In respect of the new Value for Money slandard recently introduced our metrics are as follows:_
Reinvéstment
5.30h 12024.. 5.3°AI
New Supply Delivered
12024. 11
Gearing
4.45 12024.. 4.451
Interest cover
4.27
12024.. 4.271
Headline Soci81 Housin9 Cost per unit £2,692 12024". £2.6921
Operating Margin Social Housing
22.0°A 12024. 22.0%)
Return on Capital employed
4.03% 12024. 4.03°hi
The Tru3tees have considered in depth the use of assets il controls and are satisfied these are being applied and
met.
Structure, govemaneè and management
The charity was established by a charitable trust dèèd on 27th May 1913 as revised by scheme dated 8th May
2008, and is registered with the Ch8rity Commission Nr. 226291. The Almshouse Assoaalion Nr. M911 and The
Hom&s and Communrties Agèn¢y Nr. A0132 .
The trustees who served during the year and up to the dale of Signature of the finanrial statements were..
J S Broughton
A D Chaikin
M Craughan
D Mofgan
Mrs Z Towler
C Vvaterhousè
Cllr L Chambers
N Moor
Cllr A Singh
Cllr C Randall
M Morgan
Revd L Deas
T Neal Cllr
(Resigned 19 May 20241
(Appointed 19 May 20241
At ￿gUlar intervals new trustèès are sought to cover vaoancies which arisè wf(h in the board. Candidates who
apply will be interviewed and offered an induction prior to appointment and they will have the skills idenlified as
being required by the board.
The board of trustees has the overall control and management ol the charity. It comprises ol no more than 15
trustees which can in¢lude at least 3 nominated by the local authority.
The board mernbers are encouraged to attend thè regular National Association olAlmshouse5 seminars hekj
normally during each yèar.

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The charity oversees the m8nagemenl of the Alderrnan Cogans, School Fund, Mderman Cogans, School
Foundation and Alderrnan Ferries, Charity (Hull United Charities).
The tru5tees' report was approved by the Board of Trustees.
Craughan
Chairman ol thè irustee5
Dated.. 6 November 2025

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustèes are responsible for preparing the Trustees, Report and the financial slalements in accordance with
applicable law and United Kin9dom Accountin9 Standards (United Kingdom Generally Accepted Accounting
Practicé).
The law applicable to charities in England and Wala$ requires the trust998 to prepare financial statements for each
financial year which give a true and fair view ol the stale of affairs ol tha ¢harily and of tho in￿ming resources and
application ol r*50urces ol the charity lor that year.
In preparing these financial statements. the trustees are required to..
select suitable aceounting policies and then apply them consislenlly..
observe th8 methods and principles In the Charities SORP.,
make judgements and eslirnal8s that are reasonablg ana prudent.,
stale wheihèr 8pplicable accountin9 Standards have ba•n followed. subj8Ct lo any material departures disclosed
nd explainad in the financial slalemènts, and
prepare the financial slatemenls on th• going concern basis unle$¥ rt is Inappfopriale lo presume that tho ¢harity
will continue in oporation.
The Iruste¢s are responsible lor keepin9 sufficient accounting records Ihal dis¢lose wilh reasonable accuracy at any
time tha financial position of Ihg Charity and enable them lo ensure thal the financial stalamgnls comply with the
Charilies Act 2011. the Charily IAeeount5 and Reports) Regulations 2008 and the provisions of the trust deed. They
ara also responsible lor sale9uarding the assets of the charity and hence for taking rgasonable slaps lor Ihg
prevèntion and detection ol fraud 8nd other irregularill&8,

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
I report lo the trustees on my examination of the fin8ncial statements of Almshouse Charities (Hull Unrted Charitiosl
Ilhe charilyl lor the year ended 31 March 2025.
R•spon¥ibilities and ba*1• of report
As the Iruslees of the charity you are r&spon8ible for the preparation of the financial stattsmenls in accordance with
the requirements ol the Charities Act 2011.
report in respèct ol my eXaMinat￿n ol the charity's financial statements carried out undef section 14S of th¢
Charities Act 2011. In carrying out my examinalion I h8ve followed th8 0irè¢tions given by the Charity Commis$lon
under section 1451Sllbl ol the Charitlgs Act 2011.
Ind•p•nd•nt •xamln•trty •&Jtom•nt
Since the charity's gros$ income exceeded £250,000 your examingr musl be a rn8mber of a body lislod in section
145 of the 2011 Act. l ￿nf1rr￿ that l arn qualified lo undertaka the examination because l arn a rn&mber of The
Institute ol Chartered Certified Accounlants, which 15 one ol tha Iisl8d bodies.
Your ottenlion is drawn lo the fact that the eharity has prepar8d the financial st8lem8nls In accordance with the
relevant version ol the Statement of Re¢¢mmended Practi¢e applicable to choritie5 preparing Ih&ir financial
statements In aceordance with the Financial Reporting Sland8rd applicable in the UK and Republic of Iro18nd IFRS
1021 in preferènce Its the Accounting and Reporting by Charilie$' Slatement ol Recommended Pr8Cti¢e Issued on 1
April 2005 which is referred to in the axlanl regulalions bul has now been withdrawn. l understand that this has
been done in ord&r lor the financial slatèm?nl3 lo provide a true and lair vièw in accordance wilh UK Generally
A¢¢8pted Accounting Pf8¢ti¢e.
I have e£Jmpleled my eyamlnation. I confi'rm Ihal no matters have come lo my attonllon in connectlon wblh Ihe
examination givlng me cause lo believ9 that in any material respect..
accounting rocords were not kept in respecl ol the charity as roquired by section 130 ¢f the Chorilles Act 2011.
the financial Statements do not accord with those record5', or
the financi81 slalements do not comply with the applicable requifemgnls concerning the form and content ol
rinancial slalem8nl8 sel out in the Charities (Account3 and Repor151 Regulations 2008 olhgr than any
requirement that the financial statemenls give a true and fair view. which is not a matler considered as part ol
an indep6ndent examinalion.
I have no concerns and have come across no other matter8 in connection with the examination lo which attention
Should be
wn In Ihis report in ordar lo enable a proper understanding ol th$ financial statem¥nt8 to be reached.
athan Laathley FCCA
hè Gran9e
Carr lane
Weel
Bgverley
HU17 OSQ
Datgd." 6 November 2025

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Unrnstricted
funds
2024
Note•
Income and •ndowmenQ• from:
Charilable ac11vil￿$
Invèstments
Olh8f income
501,321
25,373
5,886
489,868
15.921
6.121
Total In¢om•
532,580
511,908
Expènditur• on:
Chanlable aclivit*s
484,840
467,319
Total •xp•ndltur•
484,840
487,319
N•t In¢om¢ and mov•m•nt In fvnd•
47,740
44,589
R•conelll•tlon ol lund•:
Fund balances al 1 Apnl 2024
1,888.035
1,843.446
Fund b•l•nc•• at 31 M•r¢h 2025
1.935.775
1,888,035
The stalemont ol financial actiwti8s indudes all gains arKJ1038os rwnised in the yeaf. All inoJm8 an¢J expenditure
derive from ¢onlinuing activitl83.

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Nots3
Fixed assets
Tangible assets
Investments
12
13
1,735,000
506.422
1,735.000
434.038
2,241.422
2.169.038
Current assèts
Debtors
Cash at bank and in hand
14
16.868
67.555
20,596
111.887
84.423
132,483
Cr8dltorn= amounts falling du• within
one year
16
155.8431
154.267
N•t curr•nt assets
28.580
78.216
Totsl ##¥ets less current liablliti
2.270.002
2,247.254
CreditorJ'. amounts falling du• aftèr
more than one year
17
1334.227
{359.219
Net ass•ts excluding pension liability
1,935,775
1.888,035
Net assets
1.935.775
1.888,035
The funds ofthe charity
Unrestricted funds
1,935.775
1.888.035
1.935.775
1.888.035
The financial statements were approved by Ihe trustees on 6 November 2025
M Craughan
Chaimian of thé tru*ts

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
202S
2024
Notos
Cash flows from operatlng activitieg
Cash generated from opÉr8tions
22
27.671
7,309
Investing aetivities
Purchase ol investrnenls
Proceeds Irom disposal of investmènts
Investment Income received
152.2211
120.1631
25.373
1434.0161
15.921
N•t ¢ash used in investing actlviti¢s
(47.0111
1418,0951
Financing a¢￿VItI0$
Repaymant of bank loans
124,9921
116,3791
Net cash u8ed in financing acti¥ltl•*
124.9921
116.379
Nèt decreas• In ea•h and cash èquivalents
144.3321
1427,165
Cash and cash equivalents at beginning of year
111.887
539.052
Cash and cash equlvalènts at end of yéar
67.555
111.887

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting policies
Charity infomotion
Almshouse Charities (Hull Unrted Charrtiesl is a charity established by a Charrtab￿ trust deed on 27th May
1913 as revised on 8th May 2008 and is registerèd wrth the Charty Commissionef5 Nr. 226291. It is
registered w¢th the Almshouse Asso&at￿n Nr. M911 and Homes England Nr. A0132.
1.1 Accounting convention
The financial siat6ment5 have been prepared in accordance with the rharity's goveming document. the
Chanties Act 2011. FRS 102 "The Finanual Reporting Standard applicab￿ in the UK and Republic ol Ireland"
and Ihe Charrties SORP "Accounting 8nd Reportln9 by Chant￿s." Statement ol ReTh)mmended Practi
applicable to ¢harrties preparFng their accounts in ?￿jr￿anCe wrth the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefrt Entity as defined by
FRS 102.
The finanoal statements have departed from the charit￿s (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair v*w. This departure has involved following the Statement of
Recommended Practice lor Chafrties apptying FRS 102 rather than the vèrsion of the Statement of
Rècofflmended Practica which 15 refe￿d to in the RegulatK)ns but whth has sincè been withdrawn.
The financial statements are prepared in steding. which is the functional currew of the charity. Monetary
amounts in these finanaal statements are roundèd to the nearest £.
The financial statements have beèn Prepared un¢Jer the historical o)st convention. Imodified tts include the
revaluation of freehold properties and lo indude investment properties and ¢*rtain financial instruments at lair
valuel. The principal accounting policies adopted are sel oul below.
1.2 Going concern
At the lime ol approving the financial statements. Ihe trustees have a reasonable expe¢tation that the chanly
has adeqLsate resources io continue in operatK)nal exislence for the foreseeab￿ future. Thus the trustees
¢onbnue to adopt thè going concem basis of a¢¢ounting in prèparing the finanual ststements.
1.3 Charltablo fund¥
Unreslricted funds are availab￿ for usé at the disuelion of the tnjstees in furtherance of thèir charrtab
objectives.
Restricted ftJnd5 are subject to speciffic condrtions by donors or granto[5 as lo how they may be use(J. The
purposes and uses of Ihe ￿$trIcted funds are set OLtt irb the notes io the financial statements.
Endowment funds are subp¢t lo Spe￿ COnd￿lI0n$ by donors that the capital must be maintained by the
charity.
1.4 Ineome
Income is re¢ognisefl when the charity is tegalty entilkd to rt after any performance condition8 have been met,
the amounts (*n be measured relkabty. arhd rt is probab￿ that irMx*me will ￿ TerEived.
Cash ttonations are recognised On receipl. Other (Jtsnations are recognised once the charrty has been notified
of the donaton. unless performance conditions require deferTal of the amounl. Ino)me tax recoverable in
relation to ¢Jonalions received under Grft Aid or deeds of ¢x)¥enant is recognisèd at the time of the (k)nation.
Legacies afe recognisat1 on r￿1p1 or otherwise rf the (*arty has baen notif￿d of an impending distribution,
the amount is known, and receipt is expected. If Ihe amounl is not known. Ihe legacy is ire8ted as a
contingent asset.

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2025
Aecounting pollcSè8
(Continuedl
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economie benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount ol
the obligation can be measL¢red reliably.
Expenditure is classified by activity. Th$ e05ts of each activity are made tsp ol the lot31 of direct Cost5 and
shared costs, including support costs inVo￿ed in undertaking each activity. Direct cost8 attributable to a single
activily are alloeAted directly lo that activty. Shared costs which ￿ntribUte to more than one activity and
support costs which are not attributablè to 8 single activity are apportioned he￿een those activities on a basis
consistent with the use of resources. Central staff costs are alkncated on tha basis of time spent, and
deprèciation charges are allocated on the portion of the asset's use.
Plannéd r•pairs
There is an established regular programme of cyclical repairs. Costs arè charged to the income and
expendilure account in the year in which thèy are incurred and an equivalent amount is released from
designated ￿SerVeS. as 8PPTopriate.
Major ￿paIrS
Costs of major repairs, Unless repTe5enling improvements lo the properties, are charged to the income and
eKpendilure account in the year sn which they are in¢urTed and the equivalèni amount is released from
designated reserves, 4$ appropriate
1.6 Tangible fi¥ed assets
Tangible fixed assets are initially measured al cost and 5ubsequantly measured at cost or valuation. nei ol
depreciation and any impairment losses.
Oepreciation is recogni5ed so a5 lo write off the cost or valualion of assets less their residual values ovgr their
useful lives on the following ba3es'.
Land and buildings
shown al valuation
The gain or loss arising on the disposal of an asset is determined as the dIffe￿nCe be￿een the sale proc¢&ds
and the cairying value of the asset, and is recognistrd in the statement of finan¢i818Ctivities.
1.7 Ftx¢d a$8et investments
Fixed assot invèstments are initially measured 31 IFansaction price excluding transaction costs. and are
subsequently mea5ur8d at fair value at each rèportlllg date. Changes In laii value are recognised In net
incomellexpenditurel lor the year. Transaction costs are èxpensed as incurred.
1.8 Impoimient of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indi￿tIOn that those assets h8ve suffered an impairment loss. If any such indication
exists, the recovèrablè arnount of the asset is estimatéd in order to determinè the extent of the impaifment
loss lif any).
1.9 Cash and cash •quivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid
investments with original maturities of three months or 1&8s, and bank overdrafts. Bank overdrafts are shown
within borrowings in currant liabilities.
10-

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢counting policies
(Continued)
1.10 Financlal instruments
The charity has elected to apply the provisions of Section 11 '885ic Financral Instrum&nls' and Section 12
'Other Financial Instruments Issues. of FRS 102 to all ol its financi81 In5trumenl5.
Financial instnjments are recognised in the charity's balance sheet when the charity bè¢omes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presentèd in the financial statements, whèn
there is a legally enforceable right to sat off the recognised amounts and thoie 18 8n intention to settle on 8 nèt
basis or to realise the asset and settle the liability simultaneously.
Basie financial assets
Basic financial assets. which indude debtors and cash and bank balances, are initialty measured at
transaction price including transaction costs and are Subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction. where the transacts'on is
measured at the present value of the future receipts discounted at a mathèt rate ol interest. Financial assets
classified as receivable within one year are not amortlsed.
Basic finanelal liabllitiés
Basic financial Iiabililies, including creditors and bank loans are initially recognised at transaction pricè unless
the arrangement Ix)n5titutes a financing transaction, where the debt in5trumenl is measured at the present
valuè ol the future payments discounted al a markat rate of interest. Financial liabilities classified as payable
within one year are no¢ amortised.
Debt instruments arg subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are oblig81ions lo pay for goods or services that have been acquired in the ordinary courso of
operations from suppliers. Amounts payable ale classified as current liabilities if payment is due within one
year or le55. If not. they are p￿sented as non-¢urrent liabilities. Trade creditors are recogn15ed initialty at
IrarEsaction price and subsequently m68surad at amortised cost Using Ihe effectwe intarèst method.
Derecognition of financlal Ilabllhl•s
Financial liabilities are defecogniBed when Ihe charty's contradual tsbligations expire or are discharged or
cancelled.
1.11 Employoe boneflts
The c05t of any unused holiday entitlement is recognised in the period in which the employee's Services are
received.
Termination benefits ar8 recognisad immediately as an expense when the ¢harty is demonstrably commttted
to terminate the employm8nt of an employee or to provide termination bèn8fits.
Critical aeeounting estimate$ and jud9ements
In th& applicAtion of the charity's accounting policies, thè trustees are required to make judgèmènts, estimates
and assumptions about the carrying amount of assets and li8bililies that are not readily apparent Irorn olher
sources. The estimat8s and associated assumptions are baséd on historical experience and other factors that
are considered to be relevant. Actual results rnay differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Ravision5 to accounting
estimates are recognised in the period in which the estimate is revised where the revision affect5 only that
period, or in the period of the revision and futura paiiods where the revision affects both curfent and fulufe
periods.

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charltabl• •ctlvltles
W•okly
contrlbutlon
2025
Weekly
conlrsbulion
2024
We8kly maintenance contributsons
501,321
489,868
Voids for the ytrar amounted to £6,32812024.. £7,649). The number ol unit618t 6212024. 821
Incom• from Inv••trn•nts
Unr••trl¢tod Unr••trlct•d
fund•
lund•
2025
2024
Inlaresl receivable
25,373
15,921
Other Incom•
Unr••trlct•d Llnv••trfctsd
fundg
lund
2026
2024
Other Income
Management lees
1,121
5,000
5.000
5.888
6,121
12-

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitablo activiil•s
Supported Supportgd
housing
housing
2025
2024
Staff costs
Water rates
Healing and Lighling
Insurance
Routine rraintenance
Garden upkeep
Contracted services
Security costs
Planned maintan8n¢e
Cleaning
Bank Interest payable
Resident services
Professional fees relating to propety
110,853
15,769
72,037
14,691
144,550
9,083
9,542
2.920
40,560
3,447
21,811
1,502
5,783
104,418
14.636
65,271
14.583
99.202
8.983
2,362
2.095
94,127
2.784
33.621
452,548
442.082
Share of support costs (see note 71
Share of governance Costs (see note 7
17,810
14,482
13.759
11,478
484,840
467.319
13

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support Govèrnanc?
costs
¢osts
2025
2024 Ba¥18 of allocation
Oftice and computer co$1$
Telephone and fax
Sundry expenses
subseriplion5
Bank charges
10,925
3,100
535
2,233
1,017
10.925
3.100
535
2,233
1.017
8,347
2.825
286
1.644
657
Independent Examination
Legal and professional
Trustee expens&$
Other professional costs
6,370
4.227
1.555
2,330
6.370
4,227
1,555
2,330
5,270 Govemance
Governancè
1.039 Govemance
5,189 Governance
17.810
14,482
32,292
25,237
Analysed be￿een
Charitable activities
17.810
14,482
32.292
25,237
Net movem•nt in fund¥
2025
2024
The net movement in funds is slated after chargingllcreditingl..
Feè$ payable for the independent examination ol the charity's ffinancial
statements
6,370
5.270
Trugtses
None of the trustees lor any persons connaeted with them) received any remuneration during the year. There
weré £1.554 of expenses r6imbursÈd to Trustees in respèci of travel costs incurred on Charity business.
10 Employ饴
The average monthly number of employees during the year was".
2025
Numbèr
2024
Numb•r
Direct Charitable
14

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Employ••s
Icontbnuedl
Employm•nt costs
2025
2024
Wagès and salaries
Social sècurity co8t8
107,193
3.660
101,546
2,872
110,853
104,418
There were no 8mployo03 whose annual ramun8ro11on was more than £60,000.
11 Taxatlon
As a charity it 18 exempt from tax on Income and gains falling within Sectlon 505 of the Taxes Act 1988 of
Section 256 of the Taxation ol Char9èablè Gains Act 1992 to thg extgnl that tttos8 are applied to 11$ charitable
obig¢ts- no tax charges have arisgn In the charity.
12 T•nglbl? flx•d a•i•ts
Lind
bulldlng¥
Co•t
Al 1 April 2024
1,735,000
Al 31 March 202S
1,735,000
Carylng amount
At 31 March 2025
1,735.lYJO
At 31 March 2024
1,735,000
The property wa$ re-valued al £1.735.000 on 2Slh March 2022 by Bradley Han, Chartered Surveyors uslng an
existing use value lor social housing and in accordance with RICS Appraisal and Valuation Manual. There are
no records available of the original c05t ol the propgrty but the last improv8m&nls (y)mpl8ted in th8 1990's
totalled £1.888.266.
15-

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Fixed asset inv•stm•nts
Listed
Unlistèd
inve8tm•nts investments
Totsl
Co¥t or valuatlon
At 1 April 2024
Additions
434,016
52,221
22
434.038
52.221
At 31 March 2025
486,237
22
486,259
Carrying amount
Al 31 March 2025
486.237
22
486,259
At 31 March 2024
434.016
22
434,038
14 Debtors
2025
2024
Amounts falling dug within one year:
Trade debtors
16.868
20,596
15 Loans and overdrafts
2025
2024
Bank loans
365.127
390.119
Payable within one year
Payable after one year
30.900
334.227
30.900
359.219
The bank loan is $ecured against the property with The Charity Bank. Repayment5 continue until 2040 al an
interest rate of 2.25¢h over Bank of England Base rate. currently 4.75%.
16 Creditor¥: amounts falllng dué within one year
2025
2024
Notg
Bank loans
Trade credilofS
Other creditors
Accruals and deferred income
15
30.900
13.931
351
10,661
30,900
12,370
335
10,662
55,843
54,267
18.

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
17 Crèditor8.' amounts falling due aftèr more than on• y•ae
2025
2024
Notes
Bank loans
334.227
359.219
18 Unr•$triet•d funds
The un¥eslricled lunds of the charity ￿MprIse the unexpended balances of donalion5 and grants which arè
not subioct to specific conditions by donors and grantors as to how they may be used These include
designated funds which have been set aside out of unrestnctèd funds by the trustees for Specific purposes.
At 1 April
2024
Incomlng
r•sourc•s
Re¥ources At 31 Mareh
gxpondod
2025
General funds
Revaluation reserv8
1,105,429
782.606
532.580
1484,8401
1.153.169
782,606
Prevlou8 year:
At 1 April
2023
Incoming
r•sou￿
Resourcès At 31 March
expend•d
2024
General funds
Revaluation resèrve
1,060.840
782.606
511.908
1467,3191
1.105,429
782.606
19 Flnaneial eommitmonts, guarant••s and contingent Ilabllltl•¥
The trustee5 have confirmèd Ihal there were no contingent liabilities whi¢h should be disdosed at
31st March 2025.
20 Capltal commltmgnts
Amounts contracted for bu¢ not provided in the financial statements..
The Irustees hava confirmed that there were no capitsl commitmenls at 31st March 2025.
21 R•latod paty tran¥¥ctlons
Thè association is controlled by thè same trustees who act for the following charrties..
Aldem18n Cogan's School Charity
Aldèrman Cogan's Fund
Alderman Ferriès, Charity
During Ihe period the a55ociation received managèmonl charges as follows".
2025
2024
£3,000
£3.000
£0
£0
£2,000
£2.000
Alderman Cogan's School Charity
Aldèrman Cogan's Fund
Aldèmian Ferries, Charity
17

ALMSHOUSE CHARITIES (HULL UNITED CHARITIES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Ca¥h generat•d from operations
2025
2024
Surplus for the year
47,740
44.589
Adjustm•ntJ for:
Investment incom& recognised in statamgnt of financial activities
125,3731
115.9211
Movements in working capltal..
Oecreasellincreasèl in debtors
Increaselldecreasel in creditors
3.728
1,576
112,6261
18.7331
C4¥h generated from opèrntion¥
27.871
7.309
23 AnalysSs of ehangw4 in not Idobtllfunds
At 1 April 2024
ash fiowsAt 31 2026
Cash al bank and in hand
111,887
144,3321
67,SSS
Loans falling due wrthin one year
Loans falling due after rnore than one year
{30,9001
1359.2191
130,900)
1334,2271
24,992
1278,2321
119.3401
1297,5721
18