THE HULL BUILDING SAFETY GROUP LIMITED
Report of the Trustees and
Financial Statements
for the Year Ended 29 February 2024
THE HULL BUILDING SAFETY GROUP LIMITED
Contents of the Financial Statements for the Year Ended 29 February 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
THE HULL BUILDING SAFETY GROUP LIMITED
Reference and Administrative Details for the Year Ended 29 February 2024
TRUSTEES David Malcolm Blades Mark Steven Dobson Martin Charles Sheridan Hall Nicholas John Sangwin Glenn Smurthwaite Keith Eames David Spurgeon Andrew Mark Kingston Amy Margaret Owen (appointed 23/8/2023) Charles Henry Ward (appointed 23/8/2023) COMPANY SECRETARY David Spurgeon REGISTERED OFFICE 42 Ferry Lane Woodmansey BEVERLEY East Yorkshire HU17 0SE REGISTERED COMPANY 01075068 (England and Wales) NUMBER REGISTERED CHARITY 0502158 NUMBER INDEPENDENT EXAMINER G & C Professionals Limited trading as Graham & Company Chartered Certified Accountants Cleveland House 1-10 Sitwell Street KINGSTON UPON HULL East Yorkshire HU8 7BE
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THE HULL BUILDING SAFETY GROUP LIMITED
Report of the Trustees for the Year Ended 29 February 2024
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 29 February 2024. 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
The principal activity of the company in the year under review was that of organising and co-ordinating the provision of facilities for the awareness of safety in the building and construction industry.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The results for the year and financial position of the company are as shown in the annexed financial statements. The directors report that the company has achieved a surplus for the year of £11,587 (2023 - £13,937).
FINANCIAL REVIEW
Principal funding sources
The charitable company receives its principal funding from fees and charges for services delivered by the charitable company.
Reserves policy
The Trustees continue to work toward maintaining reserves of unrestricted funds to provide a minimum of three months outgoing resources to allow for exit costs on a cessation of activity.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The charitable company seeks to attract trustees with skills and experience which will compliment those of the existing board and add stability to its future management. All new trustees are offered an education programme highlighting the charitable company's history, objectives and the role of its trustees
Organisational structure
The directors of the Company form an executive committee who meet on a regular basis. Appointment of directors is confirmed at the Annual General Meeting. Directors receive no remuneration for their duties, in accordance with the provisions of both its Memorandum and Articles of Association and the Charities Act, but are reimbursed the costs of attending meetings.
Related parties
The charitable company's activities have not required working relationships with any other parties during this year.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of THE HULL BUILDING SAFETY GROUP 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).
Page 2
THE HULL BUILDING SAFETY GROUP LIMITED
Report of the Trustees for the Year Ended 29 February 2024
TRUSTEES' RESPONSIBILITY STATEMENT - continued
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
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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.
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 xx May 2024 and signed on its behalf by:
............................................................
David Spurgeon - Secretary
Page 3
Independent Examiner's Report to the Trustees of THE HULL BUILDING SAFETY GROUP LIMITED
Independent examiner's report to the trustees of THE HULL BUILDING SAFETY GROUP LIMITED ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 February 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Samantha Atkinson FCCA
G & C Professionals Limited trading as Graham & Company Chartered Certified Accountants KINGSTON UPON HULL HU8 7BE
Date: xx May 2024
Page 4
THE HULL BUILDING SAFETY GROUP LIMITED
Statement of Financial Activities for the Year Ended 29 February 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Voluntary income 2 127,527 Charitable activities Other income 5,000 Investment income 3 2,623 Total 135,150 EXPENDITURE ON Charitable activities Staff costs 82,983 Other support costs 28,109 Management and administration 12,033 Depreciation 438 Total 123,563 NET INCOME 11,587 RECONCILIATION OF FUNDS Total funds brought forward 114,373 TOTAL FUNDS CARRIED FORWARD 125,960 |
2023 Total funds £ 125,796 5,483 217 |
|---|---|
| 131,496 | |
| 80,897 24,592 11,397 673 |
|
| 117,559 | |
| 13,937 100,436 |
|
| 114,373 |
The notes form part of these financial statements
Page 5
THE HULL BUILDING SAFETY GROUP LIMITED
Balance Sheet 29 February 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 233 CURRENT ASSETS Debtors 9 19,006 Cash at bank 130,338 149,344 CREDITORS Amounts falling due within one year 10 (23,617) NET CURRENT ASSETS 125,727 TOTAL ASSETS LESS CURRENT LIABILITIES 125,960 NET ASSETS 125,960 FUNDS Unrestricted funds 125,960 TOTAL FUNDS 125,960 |
2023 Total funds £ 671 19,433 119,732 139,165 (25,463) 113,702 114,373 114,373 114,373 114,373 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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THE HULL BUILDING SAFETY GROUP LIMITED
Balance Sheet - continued 29 February 2024
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 xx May 2024 and were signed on its behalf by:
............................................. David Spurgeon - Trustee
The notes form part of these financial statements
Page 7
THE HULL BUILDING SAFETY GROUP LIMITED
Notes to the Financial Statements for the Year Ended 29 February 2024
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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
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.
continued...
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THE HULL BUILDING SAFETY GROUP LIMITED
Notes to the Financial Statements - continued for the Year Ended 29 February 2024
2. VOLUNTARY INCOME
| VOLUNTARY INCOME | |||
|---|---|---|---|
| 2024 £ Levies 92,084 Site visits 32,782 Accident investigation and consultancy work 2,661 127,527 INVESTMENT INCOME 2024 £ Deposit account interest 2,623 SUPPORT COSTS Governance Management costs £ £ Staff costs 9,116 - Management and administration 10,080 1,953 Depreciation 438 - 19,634 1,953 |
2023 £ 92,150 32,375 1,271 |
||
| 125,796 | |||
| 2023 £ 217 Totals £ 9,116 12,033 438 |
2023 £ 217 |
||
| 21,587 |
3. INVESTMENT INCOME
4. SUPPORT COSTS
Management fees are paid to a trustee, David Spurgeon, for management, company secretarial and financial services. A total of £10,080 (2023 - £9,600) was paid during this year.
Support costs, included in the above, are as follows:
| Office salaries Social security Management fees Depreciation : computer equipment Accountancy fees Legal fees Bank charges Credit card fees |
Management Staff and costs administration Depreciation £ £ £ 9,050 - - 66 - - - 10,080 - - - 438 - 1,700 - - 26 - - 98 - - 129 - 9,116 12,033 438 |
2024 Total activities £ 9,050 66 10,080 438 1,700 26 98 129 21,587 |
2023 Total activities £ 8,650 136 9,600 673 1,600 26 99 72 20,856 |
|---|---|---|---|
continued...
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THE HULL BUILDING SAFETY GROUP LIMITED
Notes to the Financial Statements - continued for the Year Ended 29 February 2024
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 438 | 673 |
6. TRUSTEES' REMUNERATION AND BENEFITS
The following trustees are employed by the charity on a salaried basis to carry out the role described :
| Trustee | Role | 2024 | 2023 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| Mark Dobson | Safety officer | Salary | 61,215 | 58,546 | |
| ====== | ====== |
Variation in terms of employment, including salary payments, are agreed by the majority of the Trustees at meetings were the trustee named above is not present.
Trustees' pension contributions relate solely to Mark Dobson.
Trustees' expenses
There were no trustees' expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Safety officers Management and administration |
2024 1 1 2 |
2023 1 1 |
|---|---|---|
| 2 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2024 | 2023 | ||
|---|---|---|---|
| £60,001 | - £70,000 | 1 | - |
continued...
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THE HULL BUILDING SAFETY GROUP LIMITED
Notes to the Financial Statements - continued for the Year Ended 29 February 2024
| 8. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1 March 2023 and 29 February 2024 170 2,457 DEPRECIATION At 1 March 2023 146 1,810 Charge for year 24 414 At 29 February 2024 170 2,224 NET BOOK VALUE At 29 February 2024 - 233 At 28 February 2023 24 647 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Operating debtors 13,400 Other debtors 12 Prepayments 5,594 19,006 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Operating creditors 318 Social security and other taxes 1,730 VAT 4,397 Other creditors 990 Accrued expenses 16,182 23,617 11. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 £ Within one year 14,306 |
Totals £ 2,627 1,956 438 2,394 233 671 2023 £ 15,417 2,557 1,459 |
Totals £ 2,627 |
|---|---|---|
| 1,956 438 |
||
| 2,394 | ||
| 233 | ||
| 671 | ||
| 19,433 | ||
| 2023 £ 1,144 1,646 4,654 990 17,029 |
||
| 25,463 | ||
| 2023 £ 5,668 |
continued...
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THE HULL BUILDING SAFETY GROUP LIMITED
Notes to the Financial Statements - continued for the Year Ended 29 February 2024
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 29 February 2024.
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THE HULL BUILDING SAFETY GROUP LIMITED
Detailed Statement of Financial Activities for the Year Ended 29 February 2024
| INCOME AND ENDOWMENTS Voluntary income Levies Site visits Accident investigation and consultancy work Investment income Deposit account interest Charitable activities Employment allowance Other income Total incoming resources EXPENDITURE Charitable activities Trustees' salaries Trustees' social security Trustees' pension contributions Telephone Postage and stationery Advertising Motor and travelling Car leasing and hire charges Site inspection expenses Subscriptions Office and computer costs Insurance Staff training Bad debts Support costs Management Office salaries Social security Management fees Depreciation : computer equipment |
2024 £ 92,084 32,782 2,661 127,527 2,623 5,000 - 5,000 135,150 61,215 8,350 4,302 844 114 373 12,182 8,605 320 751 1,941 1,651 425 903 101,976 9,050 66 10,080 438 19,634 |
2023 £ 92,150 32,375 1,271 |
|---|---|---|
| 125,796 217 5,000 483 |
||
| 5,483 | ||
| 131,496 58,546 8,200 5,365 767 179 360 10,478 8,997 167 815 1,743 1,086 - - |
||
| 96,703 8,650 136 9,600 673 |
||
| 19,059 |
This page does not form part of the statutory financial statements
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THE HULL BUILDING SAFETY GROUP LIMITED
Detailed Statement of Financial Activities for the Year Ended 29 February 2024
| Detailed Statement of Financial Activities for the Year Ended 29 February 2024 |
||
|---|---|---|
| Management Governance costs Accountancy fees Legal fees Bank charges Credit card fees Total resources expended Net income |
2024 £ 1,700 26 98 129 1,953 123,563 11,587 |
2023 £ 1,600 26 99 72 |
| 1,797 | ||
| 117,559 | ||
| 13,937 |
This page does not form part of the statutory financial statements
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