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2022-09-30-accounts

REGISTERED COMPANY NUMBER: 00761889 (England and Wales) REGISTERED CHARITY NUMBER: 229485

Report of the Trustees and

Financial Statements

for the Year Ended 30 September 2022

for

HODGKIN HOUSE LIMITED

HODGKIN HOUSE LIMITED

Contents of the Financial Statements FOR THE YEAR ENDED 30 SEPTEMBER 2022

Page
Report of the Trustees 1 to 4
Statement of Trustees' Responsibilities 5
Report of the Independent Auditors 6 to 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 21
Detailed Statement of Financial Activities 22 to 23

HODGKIN HOUSE LIMITED

Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To provide comfortable and welcoming accommodation for students attending a university or college in Bristol. This will be at a reasonable cost to residents. In addition, it is the Charity's policy to maintain Hodgkin House in an excellent state of repair in accordance with the full repairing lease from the Bristol Diocese. The trustees also endeavour to provide a measure of pastoral care and to enhance the facilities and overall ambience of this house of multiple occupancy whenever sufficient reserve funds are available.

Significant activities

Of all the objects listed in the Memorandum and Articles of Association, the current activity of the Company, in the year under review, continued to be the provision of accommodation for post graduate students within Hodgkin House, No 3- 7 Meridian Place, Clifton, Bristol BS8 1JG which is also the registered office.

Public benefit

The Trustees consider that the Charities Commission's guidance on public benefit is met. Hodgkin House provides this by:

(a) aiming to make Hodgkin House as much a home as possible for students;

(b) fostering a sense of community through social events, activities at Christmas and outings;

(c) operating a discretionary fund to relieve financial hardship which arises for reasons outside the control of students;

(d) keeping fees as low as possible consistent with enabling the charity to fulfil its leasehold and other contractual obligations; and

(e) providing accommodation at no charge for a postgraduate student who is the recipient of the Hodgkin House Bursary and who would otherwise not be able to afford to study in the UK.

Page 1

HODGKIN HOUSE LIMITED

Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022

FINANCIAL REVIEW

Financial position

A summary of the results of the year's trading is given on page 10 of the financial statements. The annualised occupancy rate for the 12 months was 95% (2021 - 85%).

The financial statements show a deficit of £37,062 (2021 - deficit of £3,945). Major refurbishments of £84,694 include approximately £61,770 for kitchen refurbishment and £15,899 for bathroom renovations. An additional £24,619 was spent on repairs following a water leak from the two main water tanks, of which £19,493 is not expected to be reimbursed by insurance. There was lost income of £8,495 due to the water leak, which is expected to be reimbursed by business interruption cover. The insurance claim has not yet been finalised at the time of approving these financial statements.

The Trustees, not withstanding the deficit made in the year, consider the financial position to be acceptable. The charitable company has the ability to meet its obligations from its reserves. Therefore, the Trustees have prepared the financial statements on the going concern basis.

During the year, the Trustees have reviewed the use of HSBC as the provider of the main current account. No circumstances were identified to indicate a change of provider was required.

Bursaries awarded

Bursary accommodation amounting to £6,048 (2021 - £12,248) was awarded during the year to enable students to continue and complete their studies in Bristol. All Senior Residents receive a fifty percent discount on their rent in recompense for the additional duties they performed. This is included in the above figure.

Reserve Funds

It is the charitable company's policy to maintain an unrestricted reserve as a contingency fund for periodic and possibly expensive repairs to the five Victorian terrace houses rented on a full repairing lease by the charitable company. The fund is also to enable the charitable company to undertake large scale refurbishment and enhancement of the facilities at Hodgkin House. This reserve is not expected to exceed circa £300,000 (about one year's income). The level of the reserve is monitored, and the policy for it is reviewed by the Trustees at the end of each financial year. At the year end there were general reserves of £234,455 which include £59,183 of fixed asset investments (2021 - £269,393), and designated reserves of £117,034 (2021 - £119,158).

Painton-Smith Memorial Fund

In 1997 an unrestricted legacy was received in the sum of £34,475 at the bequest of the late Rosemary Painton-Smith. The Trustees set aside one third of the total received to act as a hardship/welfare fund, which is expended at the discretion of the Trustees. No funds were used during the year.

FUTURE PLANS

The Charity will continue with its primary objective of providing and maintaining accommodation for post graduate students attending universities and colleges in Bristol.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association dated 23 May 1963 (updated 19 March 2018), which constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are appointed, for three years at a time, to the governing body of the Charity, the Council, by the members of the Charity. The Council delegates the day-to-day activities of the Charity to the House Manager and the Treasurer.

Potential Trustees are identified by the members of the Council who submit recommendation to the Council. New Trustees meet with the Chairman when the operation of the Charity is explained, including the legal structure and the responsibilities and liabilities of the Trustees. Once elected, Trustees are provided with copies of relevant guidance documents from the Charity Commission and encouraged to study them.

Page 2

HODGKIN HOUSE LIMITED

Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems established to mitigate those risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

00761889 (England and Wales)

Registered Charity number

229485

Registered office

Hodgkin House 3 Meridan Place Clifton Bristol BS8 1JG

Trustees

Trustee Appointed Re-appointed Next re-appointment Mr R W Daniels July 2012 Jan 2022 Jan 2025 Mr J D Allen 2006 Jan 2021 Jan 2024 Dr J M Gibbs 2002 Jan 2021 Jan 2024 Dr G B Gray Nov 2016 Jan 2022 Jan 2025 Mrs M Clements Mar 2017 Feb 2020 Jan 2023 Dr V Holderied-Milis Mar 2018 Jan 2021 Jan 2024 Dr S M Hooper Sep 2019 Jan 2020 Jan 2023 Mrs J Conradie-Faul Oct 2021 Jan 2022 Jan 2025

Mrs M Harrison resigned in May 2022.

Company Secretary

Dr V Holderied-Milis

Auditors

Haines Watts Partnership (Bristol) Limited Bath House 6-8 Bath Street Bristol BS1 6HL

Page 3

HODGKIN HOUSE LIMITED

Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

HSBC Bank plc 149 Whiteladies Road Bristol BS8 2RR

CCLA Senator House 85 Queen Victoria Street London EC4V 4ET

Nationwide Building Society PO Box 3 5-11 St Georges Street Douglas Isle of Man IM99 1AS

Shawbrook Bank Limited Lutea House Warley Hill Business Park The Drive Great Warley Brentwood Essex CM13 3BE

Triodos Bank UK Deanery Road Bristol BS1 5AS

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable company's auditors are aware of that information.

AUDITORS

The auditors, Haines Watts Partnership (Bristol) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 28 November 2022 and signed on its behalf by:

Dr G B Gray - Trustee

Page 4

HODGKIN HOUSE LIMITED

Statement of Trustees' Responsibilities FOR THE YEAR ENDED 30 SEPTEMBER 2022

The trustees (who are also the directors of Hodgkin House Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 5

Report of the Independent Auditors to the Members of Hodgkin House Limited

Opinion

We have audited the financial statements of Hodgkin House Limited (the 'charitable company') for the year ended 30 September 2022 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 6

Report of the Independent Auditors to the Members of Hodgkin House Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 7

Report of the Independent Auditors to the Members of Hodgkin House Limited

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

1) We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which it operates. We determined that the following laws and regulations were most significant: The Companies Act 2006, UK GAAP, The Charities Act 2011 and the Charities SORP.

2) We obtained an understanding of how the charitable company is complying with those legal and regulatory frameworks and made enquiries to the management of known or suspected instances of fraud and non-compliance with laws and regulations. We corroborated our enquiries through our review of board minutes, other relevant meeting minutes and review of correspondence with regulatory bodies.

3) We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 8

Report of the Independent Auditors to the Members of Hodgkin House Limited

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew J Jordan (Senior Statutory Auditor) for and on behalf of Haines Watts Partnership (Bristol) Limited Bath House 6-8 Bath Street Bristol BS1 6HL

9 January 2023

Page 9

HODGKIN HOUSE LIMITED

Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 30 SEPTEMBER 2022

2022
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
794
Charitable activities
Provision of hostel facilities
341,812
Investment income
2
1,905
Other income
4
13,372
Total
357,883
EXPENDITURE ON
Charitable activities
5
Provision of hostel facilities
394,530
Net gains/(losses) on investments
(415)
NET INCOME/(EXPENDITURE)
(37,062)
RECONCILIATION OF FUNDS
Total funds brought forward
388,551
TOTAL FUNDS CARRIED FORWARD
351,489		 2021
Total
funds
£
600
305,877
1,623
1,582
309,682
318,934
5,307
(3,945)
392,496
388,551

The notes form part of these financial statements

Page 10

HODGKIN HOUSE LIMITED (REGISTERED NUMBER: 00761889)

Balance Sheet 30 SEPTEMBER 2022

2022
Unrestricted
funds
Notes
£
FIXED ASSETS
Investments
15
59,183
CURRENT ASSETS
Debtors
16
20,774
Cash at bank and in hand
315,639
336,413
CREDITORS
Amounts falling due within one year
17
(44,107)
NET CURRENT ASSETS
292,306
TOTAL ASSETS LESS CURRENT
LIABILITIES
351,489
NET ASSETS
351,489
FUNDS
19
Unrestricted funds
351,489
TOTAL FUNDS
351,489		 2021
Total
funds
£
59,001
5,969
348,564
354,533
(24,983)
329,550
388,551
388,551
388,551
388,551

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 November 2022 and were signed on its behalf by:

Dr G B Gray - Trustee

Mr R W D Daniels - Trustee

The notes form part of these financial statements

Page 11

HODGKIN HOUSE LIMITED

Notes to the Financial Statements FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The charity is a private company, incorporated in England and Wales, limited by guarantee having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 towards the costs of dissolution and liabilities incurred by the charity in the event of the company being wound up.

The accounts have been prepared on the assumption that the charitable company is able to continue as a going concern.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Investments are shown at fair value which is based on observable market prices as advised by the investment manager.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

A bad debt provision has not been provided based on year end debtor balance and prior year history of recoverability.

Income

Rental income from the provision of accommodation for postgraduate students is recognised when the income is due and is accounted for on the accrual basis. Booking fee income is deferred as the booking fee is deducted from the first rental invoice raised.

In the prior year, the charity received government grants in respect of the job retention scheme. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

continued...

Page 12

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. ACCOUNTING POLICIES - continued

Expenditure

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 25% on cost Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Computer equipment - 50% on cost

Fixed asset investments in quoted funds are valued at initially at cost and subsequently at fair value being at mid unit price as advised by the investment manager at the year end.

Taxation

The charity is exempt from corporation tax on its charitable activities to the extent that income and gains are applied to its charitable objectives.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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 particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Cash and short term investments

Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Creditors

The charity has creditors which are measured at settlement amounts.

continued...

Page 13

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. ACCOUNTING POLICIES - continued

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. INVESTMENT INCOME

Reinvested dividends
Deposit account interest
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Rents
Provision of hostel facilities
Booking fee
Provision of hostel facilities
4.
OTHER INCOME
Government grants Job Retention Scheme
Storage fee
Sundry receipts
Insurance claim income
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Provision of hostel facilities
373,543
Prior period to 30 September 2021
Direct
Costs (see
note 6)
£
Provision of hostel facilities
288,317		 Grant
funding of
activities
£
6,348
Grant
funding of
activities
£
12,708		 2022
£
596
1,309
1,905
2022
£
342,123
(311)
341,812
2022
£
-
-
-
13,372
13,372
Support
costs (see
note 7)
£
14,639
Support
costs (see
note 7)
£
17,909		 2021
£
332
1,291
1,623
2021
£
302,735
3,142		 2021
£
332
1,291
1,623
2021
£
302,735
3,142
305,877
2021
£
1,477
60
45
-
1,582
Totals
£
394,530
Totals
£
318,934

continued...

Page 14

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2022
£
Staff costs
124,369
Equipment rental
758
Rent
3,060
Water & sewage
14,123
Insurance
13,315
Light & heat
27,148
Printing, postage & stationery
1,099
Household
12,359
Property repairs
68,373
Major refurbishing
84,694
Computer & IT expenses
4,400
Equipment repairs & renewals
805
Health,safety & environmental
9,508
Welfare
5,200
Telephone & broadband
-
Subscriptions
73
Training
821
Recruitment
3,438
373,543
7.
SUPPORT COSTS
Governance
Management
costs
£
£
Provision of hostel facilities
10,409
4,230
Prior period to 30 September 2021
Governance
Management
costs
£
£
Provision of hostel facilities
12,449
5,460		 2021
£
114,859
400
3,060
14,154
10,489
21,446
1,288
10,322
32,420
64,781
4,283
547
5,581
1,650
2,756
281
-
-
288,317
Totals
£
14,639
Totals
£
17,909

Page 15

continued...

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

9.

Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Hire of plant and machinery 758 400
Other operating leases 3,060 3,060
AUDITORS' REMUNERATION
2022 2021
£ £
Fees payable to the charity's auditors for the audit of the charity's financial
statements 3,430 4,734
Other non-audit services 800 726

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.

Trustees' expenses

There were no trustees expenses during the year (2021 - £nil). The charity paid for an annual dinner for the trustees and staff amounting to £695 (2021 - £837), and a second meal for the trustees in respect of a long standing trustee resigning which amounted to £296 (2021 - £nil).

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
No employees received emoluments in excess of £60,000.
The average monthly number of employees during the year was as follows:
Full time
Part time		 2022
£
119,711
2,901
1,757
124,369
2022
2
5
7		 2021
£
110,604
2,536
1,719
114,859
2021
2
5
7

Page 16

continued...

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

12. EX GRATIA PAYMENTS

One ex-gratia payment of £1,416 has been made during the year. No ex-gratia payments were made in 2021.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 600
Charitable activities
Provision of hostel facilities 305,877
Investment income 1,623
Other income 1,582
Total 309,682
EXPENDITURE ON
Charitable activities
Provision of hostel facilities 318,934
Net gains on investments 5,307
NET INCOME/(EXPENDITURE) (3,945)
RECONCILIATION OF FUNDS
Total funds brought forward 392,496
TOTAL FUNDS CARRIED FORWARD 388,551

continued...

Page 17

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

14. TANGIBLE FIXED ASSETS

Improvements
to
Plant and
property
machinery
£
£
COST
At 1 October 2021 and
30 September 2022
81,786
18,216
DEPRECIATION
At 1 October 2021 and
30 September 2022
81,786
18,216
NET BOOK VALUE
At 30 September 2022
-
-
At 30 September 2021
-
-
15.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 October 2021
Additions
Revaluations
At 30 September 2022
NET BOOK VALUE
At 30 September 2022
At 30 September 2021		 Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
10,870
17,693
128,565
10,870
17,693
128,565
-
-
-
-
-
-
Listed
investments
£
59,001
597
(415)
59,183
59,183
59,001

There were no investment assets outside the UK.

At the year end, the CCLA Funds held were as follows:

CCLA Investment fund £24,902 (cost £6,609); CCLA Fixed Interest Securities Fund £11,680 (cost £10,000); and CCLA Property Fund £22,601(cost £11,368).

The funds are priced on a weekly basis.

continued...

Page 18

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accommodation fees
Other debtors
Prepayments and accrued income		 2022
£
6,886
516
13,372
20,774		 2021
£
5,652
317
-
5,969

The prior year accommodation fees debtor has been restated to show fees received in advance as a creditor.

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Pension contributions payable
Residents' deposits
Residents' fees in advance
Accruals and deferred income		 2022
£
20,399
311
7,850
8,231
7,316
**44,107 **		 2021
£
1,111
325
13,200
3,031
7,316
24,983

18. LEASING AGREEMENTS

Currently, the charity is paying rent of £3,060 per annum. However, the agreement is currently under review with the Bristol Diocese who are the custodian trustees for the building.

19. MOVEMENT IN FUNDS

Unrestricted funds
General Fund
Painton-Smith Memorial Fund
Major Repair Fund (previously Roof Fund)
TOTAL FUNDS		 At
1.10.21
£
269,611
15,803
103,137
388,551
**388,551 **		 Net
movement
in funds
£
(35,156)
-
(1,906)
(37,062)
(37,062)		 At
30.9.22
£
234,455
15,803
**101,231 **
351,489
351,489

continued...

Page 19

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Major Repair Fund (previously Roof Fund)
TOTAL FUNDS		 Incoming
resources
£
357,883
-
357,883
357,883		 Resources
expended
£
(392,624)
(1,906)
(394,530)
(394,530)		 Gains and
Movement
losses
in funds
£
£
(415)
(35,156)
-
(1,906)
(415)
(37,062)
(415)
(37,062)

Comparatives for movement in funds

Unrestricted funds
General Fund
Painton-Smith Memorial Fund
Roof Fund
Boiler Refurbishment Fund
TOTAL FUNDS		 At
1.10.20
£
227,932
15,803
103,137
45,624
392,496
392,496		 Net
movement
in funds
£
41,461
-
218
(45,624)
(3,945)
(3,945)		 At
30.9.21
£
269,393
15,803
103,355
-
388,551
388,551

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Roof Fund
Boiler Refurbishment Fund
TOTAL FUNDS		 Incoming
resources
£
309,464
218
-
309,682
309,682		 Resources
expended
£
(273,310)
-
(45,624)
(318,934)
(318,934)		 Gains and
Movement
losses
in funds
£
£
5,307
41,461
-
218
-
(45,624)
5,307
(3,945)
5,307
(3,945)

General Fund

The unrestricted general fund is utilised for the normal operations of the Charity in the provision of hostel accommodation and the upkeep of the hostel property.

continued...

Page 20

HODGKIN HOUSE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022

19. MOVEMENT IN FUNDS - continued

Painton-Smith Memorial Fund

This designated fund was established in 1997 when a legacy was received in the sum of £34,475 at the bequest of the late Rosemary Painton-Smith. The Trustees set aside one third of the total received to act as a hardship/welfare fund, which is expended at the discretion of the Trustees. No funds were used during the year.

Major Repairs Fund (previously Roof Fund)

This designated fund represents amounts set aside for the provision for major repair works. In the prior year this was the Roof Fund. The trustees have decided to widen the use of this fund to encompass additional repairs required by Hodgkin House.

Boiler Refurbishment Fund

This designated fund reflects amounts set aside to complete the large works to refurbish the boilers. The works relating to the boilers was completed during the year.

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2022 nor for the year ended 30 September 2021.

Page 21

HODGKIN HOUSE LIMITED

Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 SEPTEMBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Reinvested dividends
Deposit account interest
Charitable activities
Rents
Booking fee
Other income
Government grants Job Retention Scheme
Storage fee
Sundry receipts
Insurance claim income
Total incoming resources
EXPENDITURE
Charitable activities
Salaries
Social security
Pensions
Equipment rental
Rent
Water & sewage
Insurance
Light & heat
Printing, postage & stationery
Household
Property repairs
Major refurbishing
Computer and IT expenses
Carried forward		 2022
£
794
596
1,309
1,905
342,123
(311)
341,812
-
-
-
13,372
13,372
357,883
119,711
2,901
1,757
758
3,060
14,123
13,315
27,148
1,099
12,359
68,373
84,694
4,400
353,698		 2021
£
600
332
1,291
1,623
302,735
3,142
305,877
1,477
60
45
-
1,582
309,682
110,604
2,536
1,719
400
3,060
14,154
10,489
21,446
1,288
10,322
32,420
64,781
4,283
277,502

This page does not form part of the statutory financial statements

Page 22

HODGKIN HOUSE LIMITED

Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 SEPTEMBER 2022

Charitable activities
Brought forward
Equipment repairs & renewals
Health, safety & environmental
Welfare
Telephone & broadband
Subscriptions
Training
Recruitment
Grants to individuals
Support costs
Management
Professional fees
Bank & credit card processing
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Total resources expended
Net expenditure		 2022
£
353,698
805
9,508
5,200
-
73
821
3,438
6,348
379,891
9,083
1,326
10,409
3,430
800
4,230
394,530
(36,647)		 2021
£
277,502
547
5,581
1,650
2,756
281
-
-
12,708
301,025
11,192
1,257
12,449
4,734
726
5,460
318,934
(9,252)

This page does not form part of the statutory financial statements

Page 23