Draft Financial Statements at 02 December 2024 at 00:35:34
Charity registration number 514311
Company registration number 01570120 (England and Wales)
HULLCOMMUNITY AND VOLUNTARY SERVICES GROUP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Mr A M Dorton
Mr J Slater
Ms V Scarborough
MsLETock
Secretary
Mrs H Grimwood
Charity number
514311
Company number
01570120
Registered office
The Strand
75 Beverley Road
Hull
East Yorkshire
England
HU3 1XL
Auditor
Rackhams Accountants Limited
3 Melton Enterprise Park
Redcliff Road
Melton
East Yorkshire
England
HU14 3RS

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
CONTENTS
Page
Trustees, report
Stalemenl of Iruslees, responsibilities
Independent auditorfs report
10-12
Statement of financial activities
13
Balance sheet
14-15
Statement of cash flows
16
Notes lo Ihe financial stalements
17-32

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial slalements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities". Slalement of Recommended Practice applicable lo charities preparing iheir accounts in
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021"
(effective 1 January 20191.
Objectives and activities
The purpose of the charity is to support the developmenl and sustainability of the voluntary and community sector.,
lo bring together voluntary and community organisations with statutory. public and private sector partners- and lo
deliver projects that support local residents and communities.
The trustees have referred to and paid due regard to the Charity Commission's general guidance on the public
benefit when reviewing the charity's aims and objectives and in planning future activity-
PubliG benefit
The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities Ihe
charity should undertake.
Achievements and perfomiance
Significant activities and achievements against obJectlV8S
Volunta
and Communi
Sector Infrastructure Su
ort
Sector Connect Hull
We are pleased to continue delivering voluntary sector infrastructure support in Hull. In partnership with Forum CIO,
we have been funded by Hull City Council lo develop the Sector Connect service. This service provides anyone who
volunteers, governs or works for a local VCSE organisation with free impartial advice, guidance, information and
safeguarding support. as well as sector specific training. Since its launch the team has invested over 1000 hours
across 133 governance related sessions.
Members Services
Alongside the external funding being granted for Sector Connect, the Board of truslees have continued to uphold
their annual commitment from reserves to the delivery of VCSE Infrastruclure support. This has meant we have
been able to dedicate further capacity and offer a broader range of support through two funded positions. Our
Funding and Grants Officer supports the sector in identifying new funding opportunities and supports groups in
understanding funding requirements,. and our Communications and Development Lead provides support in a range
of digital and communications solutions that helps organisations streamline their operations and better demonstrate
the impacl of their work. This overall increased capacity has also enabled us to offer greater synergy and a more
joined up service across our operations., build a greater presence wilh VCSE and public sector partners., as well as
enabling us to be further involved in local partnerships and slfategic developments.
Nefvlorks & Partnerships
The Be Connected Network (previously known as the Loneliness Network) continues lo bring iogether cross sector
organisalions to systematically develop approaches lo tackle loneliness in the city. Hull CVS has recently started
chairing the Hull Engagers Network which brings cross sector agencies together to increase the effectiveness of
public engagement and enhan￿ collaboration. The Community Centre Ne￿Ork has also been launched this year
by Hull CVS and Hull City Council and brings together and encourages collaborative working between Community
Cenlres in Hull.
Hull CVS also continues to be an active participanl and contributor to Ihe workstreams that have evolved from the
Building Forwards Together programme, NHS Health Champions, Older People's Partnership, the Police
Independent Advisory Group, Hull Voice and Influence Partnership, and the Humberside VCSE Local Resilience
Sub Group.

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Volunteerin
Volunteer Centre
Following the success of achieving the NAVCA Volunteer Cenlre Quality Accreditation in 2022 we were delighted to
achieve further accreditation in 2024 by achieving the Investing in Volunteers Award.
This award is a quality framework th81 demonslrales best practice in volunteer involvemenl and management. Hull
CVS will hold the award for three years before the need lo reapply to continue meeting the standard.
As the accredited volunteer Genlre for Hull. it is an importanl award lo achieve to lead the way in volunteer
management. Achieving the standard shows our volunleers, and potential volunteers, how much they are valued
and gives them confidence in our ability to provide an outstanding volunteer experience.
Time2Volunteer
Delivered in partnership with the HEY Smile Foundation, this year we conlinued to enhance the Time2Volunteer
platform and partnership. Time2Volunteer is a bespoke volunteering plalform launched in October 2022, created
with support from public, private and voluntary sector partners who invest in, value and celebrate volunteers. The
aim of this platform is to address local needs and to simplify the process of volunleering, for both volunteers and
voluntary organisalions. Be￿een April 2023 and March 2024, a total of 469 volunteering opportunities were
identified for participanls, wilh 291 accessed directly through Time2Volunleer.
Volunteer Managers and Coordinators Netsvork
The Volunteer Managers and Coordinalors Network continues to be an invaluable asset to the VCSE sector. In
addition to sharing important updates to Ihe network and encouraging conversation be￿een organisations, the
arena has also been adapted lo provide opportunity for organisalions to collaborale and Share information with
members with a view for Ihis to be promoted to the wider sector through each member's individual associations.
Scoping of Volunteering Practices within Yorkshire & Humber
During this year, Hull CVS was commissioned again by the Humber and North Yorkshire Health and Care
Partnership lo build on the research conducted in the previous year, around volunteering practices within Health and
Social care. This year the focus of Ihe work has been on practices spe¢ifi¢ally wilhin social care, and the previous
year's framework has been extended to include the findings of this work.
Know Your Neighbourhood Fund
Expanding on our work in previous years through the Be Connected Net￿Ork, Hull CVS secured funding from the
Department for Digital, Culture, Media and Sport's . Know Your Neighbourhood. Fund, lo help reduce loneliness
and Ihe impact of loneliness across the city.
As part of thi5 funding, Hull CVS launched a Loneliness Conference in November 2023 which invited or9anisations
across Hull and East Riding of Yorkshire to come together to explore the factors that cause loneliness and the work
being undertaken lo address these issues.
Grants Pro
rammes
Funded by the Sir James Reckitt Charily and the Hull and East Riding Charitable Trust, Hull CVS administers small
grants lo voluntary and communily sector organisations delivering support to the local community of Bransholme, by
way of 'The Bransholme Trust,. This year, the Hull & East Riding Charitable Trust provided additional funds to
support groups delivering extra activity in relation to the cost of living crisis. As a result of this funding, we were able
to expand our criteria and grant award, and awarded our highest ever number of grant payments, totally 25
applications and £17,711 in funds.
Again funded by the Sir James Reckitt Charity. Hull CVS administers the 'Starter Granls, programme for small
organisations during their sel up period. Applications lo this fund have now returned to their pre pandemic level5.
This year we have seen a variety of new groups slart up under this theme, ranging from support to the Ukrainian
community, SUPPOrt to families with additional needs, and women's wellbeing activilies.
Since 2017, Hull CVS has provided grant administration support to the Hull Aid in Sickness Trust (HAIST). HAIST
fund ilems to eligible individuals who are sick or are recovering from illness and have no other means of accessing
vital items. In addition to providing grants administration, Hull CVS also prepares all accounts and financial
statements. as well as advising on charitable compliance.

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
erational Su
ort
Office Accommodation
Over the last year, Hull CVS has welcomed new tenants lo our office spaces as well as new and reluming
customers for our room hire Servi￿ across both of our sites, The Strand on Beverley Road and Centre 88 on
Anlaby Road.
Room Hire & Training Facilities
During this year we have seen a gradual increase in our room hire facilities, with use retuning io near pre-pandemic
levels. Across our siles we continue to offer a ohoice of 6 training rooms and 5 interview rooms suitable to
different audience levels. layouts and use.
VCSE Payroll ServÈce
Hull CVS provides high quality payroll support to a number of small organisalions and local charities. There are
currently 34 groups who receive payroll support from Hull CVS, employing 167 employees be￿een them. Within
this lasl year, 2 groups previously supported by Hull CVS have grown and developed in such a way that they
became empowered lo produce their payroll in-house.
Communi
Provision
Direct Payments Payroll SeNice
Under a grant agreemenl from Hull City Council, a payroll service is provided lo individuals in re￿Ipl of a Direct
Payment and who employ a carerlpersonal assistant. During the financial year, over 600 individuals have been
supported, providing payroll services to over 800 Personal Assistants.
Healthwat¢h Hull
During 2023124 Heallhwalch Kingston upon Hull spoke to 1,404 people who shared their personal experiences of
health and social care services. Alongside this we helped 13,529 people to navigate Ihe health and social care
syslem through our information and signposting function.
We had a busy year working on a project lo understand the access to and experience of ambulance Se￿iceS for
people experiencing homelessness. Over a period of 24 weeks, we carried out engagement with Yorkshire
Ambulance Service staff, stakeholders and people experiencing homelessness in Hull to produce a report which
provides a 360 degree view of the issue. The report has been shared with Yorkshire Ambulance Servio and other
stakeholders who have committed to improvements and we will be meeting with them on a regular basis to monitor,
observe and support progress.
In the spring Heallhwatch Hull supported Hull Cily Council with the My Life survey where over 100 people came
forward to tell us about the changes they would like lo see within health¢are services in Hull. This helped lo shape
the future of service delivery for Hull residents.
In August 2023, the CQC published a report on Maternity services at Hull Royal Infirmary (HRII, rating the service
as inadequale. Heallhwalch Kingston upon Hull and Heallhwatch East Riding of Yorkshire worked togelher on a
project lo understand the experiences of palients who have used the seNice. Our report and recommendalions
have been shared with Hull University Teaching Hospilals Trust who have fesponded to our recommendalions and
ommitted lo conlinuous improvement within Ihe service.
Health Captains
Health Captains programme is an initiative to identify ways that volunteering Gan help reduce pressures on NHS
services and empower people in their health and care journey. Additionally, the Health Caplains programme began
direct service delivery in 2023-2024.Following extensive mapping, we identified a gap in support for people with
long term conditions when discharged from hospital, from this we developed our long-term conditions buddy
seNice. Within ils first month, our volunteers supported 14 people to self-manage their conditions better and avoid
hospital re admittance.

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Hull Food Partnership
In October 2023, we were delighted to welcome Hull Food Partnership into our organisation. The decision was
taken as part of our new strategic approach whereby we utilise the strength of our organisation's infrastructure, lo
provide inlensive support to vital causes within the city which may not be able to remain viable in Ihe short term on
their own.
The team have settled in well and worked extensivety to engage with key stakeholders across the city in the
development of the Hull Food Strategy and creation of a Hull Food Action Plan.
The action plan will deliver a six-pronged approach lo improving the food environment in Hull with an emphasis on
access lo tasty, nutritious food thal is available to all, regardless of background or income.
The six areas of action cover.. policy and strategy, public engagement in good food citizenship, tackling ill-health and
poverty through healthy and affordable food, supporting local businesses to improve their food offer and drive
inward investment, look at supply chains and procurement to improve the availability of locally produced food, and
to tackle the climate crisis Ihrough the provision of food that does nol negatively impact people or the planet and an
end lo food waste. This is a five-year programme ofwork and will develop over time.
Subsidia
Amis
In 2010 the trustees decided to diversify into alternative markets and geographical areas, lo support the longer term
sustainability of the charity. These primary areas of diversification have reached a level of maturity whereby they
have repaid the initial financial investment made by Hull CVS and are consistently generating a surplus which is
donated to Hull CVS lo support thé charity's core objectives.
Meetin
New Horizons CIC
Meeting New Horizons CIC are a wholly owned subsidiary, set UP lo deliver community based activity in the wider
Yorkshire & Humber region.
In the year to 31 March 2024 the company had achieved lurnover of £792.428 and generated a surplus of
£139,845.
Programmes delivered under Meeting New Horizons include..
Doncaster Macmillan Benefit Advice and Advocacy Service
Delivered by a team of advisors and volunteers, the service acts a one-stop-shop for people affected by cancer to
access independent and confidential advice and information. The service supports people from the point of
diagnosis throu9h treatment and onwards, and provides advice on welfare benefits and entitlements. offers
advocacy and support at benefit Tribunals, and provides access to Macmillan and other charity granls. This
programme has been running since January 2014 and is currently funded lo December 2024. During the last 12
months the service has supported 961 families affecled by can￿r helping them to access the slate benefits and
grants they are entitled to.
Healthwatch East Riding
Meeting New Horizons has held this conlract since its inception in 2013, wilh the current Contra￿ in place up until
March 2026. During 2023124 Heallhwatch Easl Riding spoke lo 192 people who shared their personal experiences
of health and social care services. Alongside this we helped 871 people to navigate the health and social care
system Ihrough our information and signposling function.
In 2023, we relaunched Ihe Community Partnership Programme. This involved collaborating with several
organisations across East Riding to combine their voices, inflltence positive change, and share resources and
contacts. So far, 11 voluntary and community organisations have signed up to help feed information into the East
Riding VCSE Collaborative. This joinl voice continues to hold services to account and ensures Ihat we reach into
the groups that need us the most.
During the last financial year Healthwalch East Riding explored issues around access lo pharmacy setvices,
particularly in the Collingham area where a local pharmacy had closed down. We investigated the impact of this on
the local community and made recommendations that led to a new pharmacy being contracted in the area.

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Healthwatch North Lincolnshire
Again, Meeting New Horizons has held Ihis contract since its In￿pIlOn in 2013, and after a contract re-award last
year, this contract has the potential to run to January 2027. During 2023124 Heallhwalch North Lincolnshire spoke to
192 people who shared their personal experiences of health and social care services. Alongside this we helped 871
people to navigate the health and social care system through our information and signposting function.
During 2023. Continence seNices in North Lincolnshire were provided by community services, as part of the NLAG
hospital trusl. We received feedback from a number of SoUr￿S thal suggested the provision of continence products
was not meeting the needs of local people. We worked with the hospital trust to 9alher patient experiences of
accessing the service and produced a report with recommendations.
Healthwat¢h North East Lincolnshire
Meeting New Horizons has held this contract Sin￿ 2018. In 2023, we were asked by North East Lincolnshire
council lo support the recommissioning of care at home services by finding out first hand from service users about
what works well for them and what would need lo be changed lo improve the offer. This opportunity also allowed us
to understand the issues the providers of support at home services are facing as demand for support continues to
increase. We engaged with existing service users and their carers and through our in-depih conversations were
able to make robust recommendations which have now been used to shape the new offer for vulnerable people in
North East Lincolnshire.
North Lincolnshire Children's Direct Payments Advice and Payroll Service
Meeting New Horizons have delivered this service since 2018, In addition to payroll provision, the service provides
full end to end fecruitmenl and HR support and guidance for the users of the Direct Payment system for children in
North Lincolnshire. There are currently 36 families in North Lincolnshire receiving support from MNH, employing 56
Personal Assistants be￿een them. Over the last year, as the children receiving care reach 18 years old and
transition into Adult serVi￿S, more and more families are choosing to keep their Direct Payment support with
Meeting New Horizons having had such a positive experience.
Rainbow Nurse
Hull CVS first acquired Rainbow Nursery in 2012, when the setting was at risk of closure. Recognising Ihe detriment
this closure would have on the communities who relied upon it for access lo locally based community childcare, Hull
CVS look the bold decision to acquire the setting and sel to work to ensure this asset lo the community remained.
Since then, the setting has gone from strength to strength., so much so thal Hull CVS opened a second setting,
Rainbow Preschool in 2017.
Since this time, Hull CVS has secured a posilion of strength and sustainability for bot settings, which this year
accumulated in Rainbow being re-awarded with a 'Good' rating in its most recent Ofsted inspection,. the first to have
taken place in Ihe setting since 2018.
Over the last years, demand for our core charitable services has never been so high, with more and more
causes and volunteers in need of our charity's support. In light of this, and upon assessing that we as an
infrastructure charity have developed the settings as far as we could, our Board of Trustees took the decision that
now is the right time lo rehome Rainbow Nursery and Pre School with another provider who could not only continLte
our ethos, bul to also build on it further.
It was extremely important to the Board that Rainbow went to the right home., one Ihat remained in the charity sector
and who shared our vision to deliver lop class childcare with a community focus.
During the past year we sel out lo find a buyer for the nursery and preschool that would continue and build on the
ethos that we had worked so hard to achieve since acquiring both settings.
Towards the end of 2023, Hull CVS were delighted lo agree the sale of the Nursery and Preschool lo Child
Dynamix, a Specialist childcare and family services charity that already has three established nurseries in the city. In
addition to their nurseries, they also provide a range of other child focussed services and bring extensive expertise
and recognition in this area.
All employees and assets transferred to Ihe new provider as part of the sale. The funds raised from Ihe sale will be
reinvested in to the core charity lo further the delivery of our charitable objectives. and support our vision lo extend
incubatory support to new and developing voluntary sector organisalions in Hull.

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
The trL¢slees' decision to diversify into alternative markets and geographic areas has proved to be a major factor in
the continued growth of Hull CVS. Both Meeting New Horizons and Rainbow Nursery have now repaid their
financial commitments lo Hull CVS and are now in a position lo donate to Hull CVS, supporting the charity's core
objectives.
The group is in a position of stability and is in a position to commit annual conseculive resources
the core objectives of the charity.
to delivering
The estates portfolio of the Strand and Centre 88 has created a significant asset base, providing Hull CVS with bvo
freehold properties with a combined book value in excess of £815k according to new valuations conducted during
2023.
Going concgm
The trustees continue to be confident thal both the charity, operating in its own right and its trading subsidiaries will
achieve their forecasts for the next twelve months. The trustees are also aware of their continued dependence on
the grants and conlracts issued from the Public Sector and continue lo seek other forms of income by maximising
their resources and infrastructure.
R8S8rves policy
General funds are to be retained and re-invested in accordance with the Company's Memorandum and Articles of
Association and the charity's objectives. The trustees have examined the charity's requirements for reserves in the
light of the main risks to the organisalion. The aspiration 15 to maintain a general reserve of unrestricted funds
sufficienl to meet al least three months running costs, and to also be responsive lo any major needs arising from
our e51ale's portfolio.
Major risks
Risk Management
The trustees have a duty lo identify and review the risks to which the charity is exposed and to ensure that
appropriate controls are in place. The Gharity has formalised the process of risk management through the use of a
risk register adopted by the trustees and is reviewed on a regular basis. A performance monitoring process, based
on an exception reporting system, hi9hlighls areas of risk in service delivery.
Plans for future periods
The fulure plans for the organisation during 2024125 include..
-Pulting our refreshed strategy for Hull CVS and our subsidiaries into practice.
-Re-securing contracts for current services that are due for re-lender in the coming year.
-concluding the delivery of a number of short term grants programmes.
-Increasing the office renlal and Iraining provision occupancy across our estates.
-To continue delivery of intensive embryonic and incubatory support to voluntary sector organisations.

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure. governance and management
The charity is controlled by its governing document, a deed of Irusl, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporaled on 5 June 1981 and registered as a
Charity on 10 October 1983. The company was eslablished under a Memorandum and Articles ofAssocialion which
established the objectives and powers of the charitable company and is governed under its Articles of Association.
In the event of the Company being wound up its members are required lo contribute an amount not exceeding £1.
The governing document for the organisation was refreshed in 2022, to bring It up to date with current legislation
and Charity Commission guidelines.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial stalemenls were-.
MrA M Dorton
Mr J Slaler
Ms V Scarborough
MsLETock
Recruitment and appointment of trustees
The directors of the company are also Charity trustees for the purpose of charily law and under the company's,
articles are known as the Executive Committee. A third of members of the Executive Committee retire by rotation at
each Annual General Meeting. If the vacancy arising from retiring rotation is not filled. the Board member can stand
for re-appointment. New members of the Executive Committee are generally elected from within the membership of
the charity. Trustees can also be co-opted to supply additional expertise not found wilhin the membership, following
a recruitment prO￿sS in which we reach out to our ne￿Ork of relationships and Ihrough formal advertisements.
The membership of Ihe Board of Iruslees seeks lo reflect the diversity of the membership from the voluntary sector
and slalulory partners. It also seeks to maintain a relevant skill mix within the Board of Trustees in order lo be able
lo fulfil its duties as a trustee body.
The Board of Trustees are responsible for the overall govemance and strategic direction of Hull CVS, developing
the organisation's aims, objectives and goals in accordance with the Memorandum and Articles of Association, and
legal and regulatory guidelines-, and for reviewing the activity of the charity.
Organisational structure
The Executive Committee meet at least quarterly and are responsible for the stralegic direction of the ¢harity. The
Chief Executive is appointed by the Trustees to manage the day to day operations and finance of the charity. A
represenlative from the management executive acts as a Company Secretary and sits on the Execulive Committee
but has no voting rights.
Induction and training of trustees
A trustee induction pack has been prepared for new trustees. This includes information on the roles and
responsibilities of charity trustees, drawn from Charity Commission publications and a specific trustees role
description drawn up by Hull CVS. New Iruslees are invited to undertake a short training session with the Chief
Executive in order to understand Ihe work of the charity and their role within it. Truslees are éncouraged to
undertake further Iraining and also receive regular updales from the Charity Commission about issues relating to
their role as trustees.
Auditor
In accordance with the company's articles, a resolution proposing that Rackhams Accountants Limiled be
reappointed as auditor of the company will be pul at a General Meeting.

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, report was approved by the Board of Truslees.
-f6fL
Mr J Slater
Trustee
Dale:
07...1..17./..Z.<

Draft Financial Statements at 02 December 2024 at 00:3S:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The tmstees, who are also the directors of Hull Community and Voluntary Services Group for the purpose of
company law, are responsible for prepanng the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company Law requires the trustees to prepare financial slatements for each financial year which give a true and fair
view of Ihe stale of affairs of the charity and of the incoming re50Ufces and application of resources, including the
income and expenditure, of the charitable company for Ihal year.
In preparing these financial statemenls, the trustees are required to..
select suilable accounting policies and then apply them consistenlly.,
observe the methods 2nd principles in the Charities SORP-,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed. subject lo any material departures
disclosed and explained in the financial statements., and
prepare the financial statemenls on the going concern basis unless il is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with Ihe
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
Opinion
We have audited the financial statements of Hull Community and Voluntary Services Group (the 'charity') for the
year ended 31 March 2024 which comprise the stalemenl of financial activities, the balance sheel, the statement of
cash flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepied Accounting Praclice).
In our opinion, the financial slalements..
give a true and fair view of the state of the charilable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance wilh the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI (ISAS {UK)l and applicable
law. Our responsibilities under those standards are further described in the Auditoffs Trsponsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the elhical
requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Elhical
Standard, and we have fulfilled our other ethical responsibilities in accordance with Ihese 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 thal the trustees, use of the going concern basis of
accounting in the preparation of the financial statement5 is appropriate.
Based on the work we have perfomied, we have not identified any malerial uncertainties relating lo events or
conditions Ihal, individually or collectively, may cast significanl doubt on the charity's ability to continue as a going
concern for a period of at least ￿e1ve monlhs from when the financial statements are authorised for issue.
Our responsibililies and the responsibilities of the trustees with respect to going concern are described in the
relevanl sections of this report.
other inforniation
The other information comprises the infomiation included in the annual report other Ihan the financial stalemenls
and our audilor's report thereon. The trustees are responsible for the other informalion contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistenl wilh the financial slatements or our knowledge oblained in
the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether Ihis gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that there is
material misstatemenl of Ihis other information, we are required to report thal fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which Ihe Charities (Accounts and
Reports) Regulations 2008 require us to report lo you if, in our opinion..
the information given in the financial statements is inconsislenl in any material respect with the trustees,
report., or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records-, or
we have not received all the information and explanations we require for our audit.
10

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible fof the preparation ol the financial statements and for being
satisfied that Ihey 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 misslatemenl, whether due to fraud or
error. In preparing the financial stalemenls, the truslees are responsible for assessing the charity's ability to
continue as a going cOn￿rn. disclosing, as applicable, matters related lo 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 lo do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misslalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
wilh ISAS (UK) will always detect a material misstatement when il exisls. 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 stalemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line wilh our responsibilities, oullined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of delecting irregularities, including fraud, is detailed below.
As part of our planning process..
We enquired of management the systems and controls the company has in place, in the areas of the
financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether Ihere
was any known, suspected, or alleged fraud.
We obtained an understanding of the legal and regulatory frameworks applicable to the company and we
determined that the following were most relevanl.. FRS 102, Companies Act 2006, Health and Safely at
Work Act and Employment Law.
We considered the incentives and opportunities that exist in the company, including the extent of
management bia5, which present a potential for irregularities and fraud lo be perpetrated, and tailored Ouf
risk assessment accordingly.
Using our knowlédge of the company, together Wlth the discussions held with the company at the planning stage,
we formed a conclusion on the risk of misstatemenl due to irregularities, including fraud, and tailored our
procedures aKording to Ihis risk assessment.
11

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
The key procedures we undertook to detect irregularities including fraud during the course of the audit included:
Identifying and lesting journal entries and the overall accounling records. In particular. we tested items that
were significant and unusual.
Reviewing the financial slalement disclosures and determining whether accounting policies have been
appropriately applied.
Reviewing and challenging the assumptions and judgements used by management in their significant
accounling eslimates. In particular, we considered going ¢oncem and impairment of trade debtors.
Assessing the extent of compliance, or lack of, with the relevant laws and regulations.
Testing key revenue lines.
Performing physical verification of key assets.
Obtaining Ihird party confirmation of material balances.
DoGumenling and verifying all significant related party balances and transactions.
Reviewing documenlation such as the company board minutes. correspondence with solicitors, for
discussions of irregularities including fraud.
Owing to the inherent limitations of an audit, Ihere is an unavoidable risk that we may not have deleGted some
material misslalements in the financial statements even though we have properly planned and performed our audit
in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities
and fraud rests wilh the directors.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
wwiv.frc.org.uklauditorsresponsibilities. This description forms part of our audilorfs report.
Use of our report
This report is made solely to the company's members, as a body, in accordance wilh section 391 of the Companies
Acl 2014. Our audit work has been undertaken so that we might stale to the company's members those matters we
are required to slate to them in an aL6dilorfs report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility lo anyone other than the company and the company's members as a
body, for our audit work, for this report. or for the opinions we have formed.
Mr Trevor Rackham FCCA (Senior Statutory Auditor)
for and on behalf of Rackhams Accountants Limited
Chartered Certified
Statutory Auditor
3 Melton Enterprise Park
Redcliff Road
Melton
East Yorkshire
England
HU14 3RS
Rackhams Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for
appoinlmenl as auditor of a company under section 1212 of the Companies Act 2006.
12-

Draft Financial Ststements at 02 December 2024 at 00.'35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
176,751
2,486,123
5,565
59,290
236.041
81,562 2,567,685
5,565
129,332
2.508.390
2,954
55.000
184,332
2,508,390
2,954
Total income
2,668,439
140,852 2,809,291
2,640,676
55.000 2,695,676
Expenditure on:
Charitable activities
2,503,661
93.724 2,597,385
2,403.941
47,623 2,451,564
Totsl expenditure
2,503,661
93,724 2,597,385
2,403,941
47.623 2,451,564
Nel gainslllosses) on
investments
11
50,000
50,000
Net income
164,778
47,128
211,906
286,735
7.377
294,112
Other recognised
gains and losses:
Revaluation of tangible
fixed assels
55,000
55,000
Net movement in
funds
164,778
47.128
211,906
341.735
7,377
349.112
Reconciliation of funds".
Fund balances at 1 April 2023
1,256,569
22,803 1,279,372
914.834
15,426
930,260
Fund balances at 31 March
2024
1,421,347
69,931
1,491.278
1,256,569
22,803 1.279,372
The statement of financial activities includes all gains and losses recognised in the year. All income anij expenditure
derive from continuing activilies.
13

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investment property
Investments
13
14
15
490,000
325,000
491,440
325,000
815,003
816,443
Current assets
Debtors
Cash at bank and in hand
16
311.056
815.835
290,316
840,059
1,126,891
1,130,375
Creditors: amounts falling due within
one year
18
(371,110)
{512,273)
Net current assets
755,781
618,102
Total assets less current liabilities
1,570,784
1.434,545
Creditors: amounts falling due after
more than one year
19
(50,939}
Defined benefit pension liability
21
(79,506}
(104,235)
Net assets
1.491,278
1,279,371
The funds of the charity
Restricted income funds
Unrestricted funds
22
23
69,931
1,421,347
22,802
1,256,569
1,491,278
1,279,371
14-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The company is enlilled lo the exemption from the audil requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024, although an audit has been carried oul under section 144 of Ihe Charities
Act2011.
The directors acknowledge their responsibililies for complying with the requirements of the Cornpanies Act 2006
wilh respect to accounting records and the preparation of financial statements.
The members have not required Ihe company lo obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance wilh section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial slatemenls were approved by the trustees on
Mr J Slater
Trustse
Company registration number 01570120 (England and Wales)
15-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
26
22,475
344,394
Investing activities
PrO￿edS from disposal of langible fixed
assets
Inve5tmenl income received
1,152
5,565
2,954
Net cash generated from investing
activities
6,717
2,954
Financing activities
Repayment of bank loans
159.2701
(8,340)
Net cash used in financing activities
159,270)
18,340}
Net Idecreasellincrease in cash and cash
equivalents
130,078)
339,008
Cash and cash equivalenls at beginning of year
840,059
501,051
Cash and cash equivalents at end of year
809,981
840,059
Relating to:
Cash al bank and in hand
Bank overdrafts included in creditors payable
within one year
815,835
840,059
15,854}
16-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Hull Communily and Voluntary SeNices Group is a private company limited by guafanlee incorporated in
England and Wales. The registered office is The Strand, 75 Beverley Road, Hull, East Yorkshire, HU3 1XL,
England.
1.1 Accounting convention
The financial slalements have been prepared in accordance with the charity's Igoverning documentl. the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their acwun15 in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). The
harily is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial slalements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convenlion, Imodified to include Ihe
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are set out below.
1.2 Going concern
Al the time of approving the financial statements, the Iruslees have a reasonable expectation that the charity
has adequate resources to continue in operational exislence for the foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial slalemenls.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitabSe
objectives.
Restricted funds are subject lo specific conditions by donors or granlors as lo how they may be usèd. The
purposes and uses of Ihe restricted funds are set oul in the notes to the financial 51alemenls.
Endowmenl fund5 are Subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entilled to it after any performance conditions have been met.
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipl. Other donalions are recognised On￿ the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relalion to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known. and receipt is expected. If the amount is nol known, the legacy is treated as a
contingent asset.
17-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit to
third party, it is probable that a transfer of economic benefils will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The oosts of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs altribulable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity 2nd
support costs which are not attributable to a single activiiy are apportioned be￿een those activities on a ba51S
consistent with the use of reSoUr￿s. Central staff costs are allocated on Ihe basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are inilially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Computers
Nol deprecialed
5 years slraight line
3 years straight line
The gain or loss arising on the disposal of an asset is delemiined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial adivities.
1.7 Investment property
Investment property, which is property held lo earn rentals andlor for capital appreciation, is initially
recognised al cosl, which includes the purchase cosl and any directly altributable expenditure. Subsequently
it is measured at fair value at the reporting end date. The surplus or deficit on revalualion is recognised in
profit or loss.
1.8 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
subsequently measured al fair value at each reporting dale. Changes in fair value are recognised in nel
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power lo govern the financial and operating
policies of the enlity so as to obtain benefits from its activities.
1.9 Impairnient of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whelher there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimaled in order to determine the extent of the impairment
loss (if any).
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in Current liabililies.
18

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments15sues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
contractual provisions of Ihe instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slatements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or lo realise the asset and settle the liability simultaneously.
8asic financial assets
Basic financial assets, which include debtors and cash and bank balan￿$, are initially measured at
transaction price including transaclion costs and are subsequenlly carried al amortised cosl using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured al the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing iransaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
wilhin one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using Ihe effective interest rate method.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognifion of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlemenl is recognised in the period in which the employee's services are
received.
Termination benefils are recognised immediately as an expense when the charity is demonstrably committed
to lerminale the employmenl of an employee or to provide termination benefits.
1.13 Retirement benefits
The cost of providing benefits under defined benefit plans is determined separately for each plan using the
projected unit credit method, and is based on actuarial advice.
The change in Ihe net defined benefit liability arising from employee service during the year is recognised as
an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are
recognised as incurred.
19-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
The net inlerest element is determined by multiplying the net defined benefit liability by the discount rate,
taking into account any changes in the net defined benefit liability during the period as a result of conlribution
and benefit payments. The net interest is reco9nised in incomellexpenditure) for the year.
Remeasuremenl changes comprise actuarial gains and losses, the effect of the asset ￿lling and the return on
the nel defined benefit liability excludin9 amounls included in nel inteiest. These are recognised immediately
in other recognised gains and losses in the period in which they occur and are not reclassified lo incomel
(expenditure} in subsequent periods.
The net defined benefit pension assel or liability in Ihe balance sheet comprises the lolal for each plan of the
present value of the defined benefit obligation (using a discount rate based on high quality corporate bond5).
less the fair value of plan assels oul of which the obligations are to be settled direclly. Fair value is based on
mafkel price information, and in the case of quoted securities is the published bid price. The value of a net
pension benefit asset is limiled lo the amount that may be recovered either through reduced contributions or
agreed refunds from Ihe scheme.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the truslees are required lo make judgements, estimates
and assumptions about the carrying amounl of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these estimates.
The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling
eslimales are reoognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
In¢ome from donations and legacies
UnrestriGted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Grants
176.751
59,290
236,041
129,332
55,000
184,332
Grants
Sif James Reckitt Charity
Hull & East Riding
Charitable Trust
Two Ridings Community
HAIST
Renew Community Fund
Hull Eco Park
NHS England
Olher
14,500
14,500
24,900
8,000
32,900
10,000
10,000
95,634
6,898
37,000
40,470
40,470
95,634
6.898
37,000
20,000
90.000
26,281
20,000
90,000
71,071
44,790
1,900
1,900
176,751
59,290
236,041
129,332
55.000
184,332
-20-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restrictsd
funds
funds
2023
2023
Total
2024
2023
Charitable Activity Income
Central Government
Local Government
Services Recharged
Other third sector bodies
320,154
249,295
664.658
79,519
320,154
249,295
746,220
79,519
871,164
198,000
498.180
671,164
198,000
498,180
81,562
Income from Subsidiary
Rainbow Nursery (Hull)
Limited
MNH Meeting New
Horizons CIC
461,961
461.961
486,890
486,890
710,536
710,536
654,156
654,156
2.486.123
81,562 2,567.685
2.508,390
2,508.390
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Intere51 receivable
5,565
2,954
21

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable activities
Charitiable Expenditure
Activity
from
Expenditure Subsidiary
2024
2024
Total Charitiable Expenditure
Activity
from
Expenditure Subsidiary
2023
2023
Total
2024
2023
Direct costs
Staff cost5
Depreciation and
impairment
Premises and operaling
Gosts
Bad Debts
Rainbow Nursery (Hull)
Limited
MNH Meeting New
Horizons CIC
Profiv (loss) on disposal
of langible fixed asests
Profit (loss} on sale of
discontinued activity
572,022
572,022
475,999
475,999
288
288
360
360
1,063,946
4,630
1,063,946
4.630
924,102
924,102
492,172
492,172
468,978
468,978
539,787
539,787
578,465
578,465
1847}
1847)
(82,953)
(82,953)
1.640,598
948,447
2,589,045
1,400,101
1,047,803 2,447,904
Share of support and governance costs (see note 7)
Governance
8,340
8,340
3,660
3.660
1,648,938
948.447 2,597,385
1,403,761
1,047.803 2,451,564
Analysis by fund
Unrestricled funds
Restricted funds
1,555,214
93,724
948,447 2,503,661
93,724
1,356,138 1,047.803 2,403,941
47,623
47,623
1,648,938
948,447 2,597,385
1,403,761
1,047,803 2,451,564
Apportionment of costs
Finance and administrative staff salaries which are not covered by services charges to beneficiaries are
apportioned lo individual projects based on the number of full time equivalent staff.
Management staff salaries which are not covered by services charged to beneficiaries are apportioned lo
individual projects based on the number of full lime equivalenl staff.
Support costs allocated to activities
2024
2023
Govemance cosls
8,340
3,660
Analysed between:
Gharitiable Activity Expenditure
8,340
3,660
-22-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement in funds
2024
2023
The net movement in funds is slated after chargingllcrediling}-.
Fees payable for the audil of the charity's financial statements
DepreGiation of owned tangible fixed assets
8,340
288
3,660
360
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Management and Administration
Project Staff
15
13
Total
23
21
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
Heallhcare costs
519,763
36,846
13,360
2,053
425,880
34,305
14,163
1,651
572,022
475,999
There were no employees whose annual remuneralion was more than £60,000.
11 Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainsl(losses} arising on..
Revaluation of investment properties
50,000
12 Taxation
The charity is exempt from taxation on its activilies because all its income is applied for charilable purposes.
-23-

Draft Financial Statements at 02 De¢ember 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Tangible fixed assets
Freehold land
and building$
Plant and
equipment
Computers
Total
Cost or valuation
At 1 April 2023
Disposals
490,000
164,220
(1,992)
718
(718)
654,938
(2,710)
At 31 March 2024
490,000
162,228
652,228
Depreciation and impairment
At 1 April 2023
Depreciation charged in Ihe year
Eliminated in respect of disposals
162,945
255
(972)
553
33
(5861
163,498
288
{1,5581
At 31 March 2024
162,228
162,228
Carrying amount
At 31 March 2024
490,000
490,000
At 31 March 2023
490,000
1,275
165
491,440
Land and buildings with a carrying amount of £490,000 were revalued on 10 May 2023 by PPH Commercial,
independenl valuers not connected with the chariiy on the basis of market value. The valuation conforms lo
International Valuation Standards and was based on recent market transactions on ami's length terms for
similar properties.
If freehold land and buildings had not been revalued they would have been included at the following historical
cost 2023. £531,370 {2022'. £531.370).
14 Investment property
2024
Fair value
At 1 April 2023 and 31 March 2024
325,000
The fair value of the investment property has been arrived at on Ihe basis of a valuation carried out 10 May
2023 by PPH Commercial, who are not connected with the charity. The valuation was made on an open
market value basis by reference lo market evidence of Iransaction prices for similar properties.
-24-

Draft Financial Ststsments at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Fixed asset investments
Other
investments
Cost or valuation
At 1 April 2023 & 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
2024
2023
Other investmenls comprise-
Notes
Healthwatch Kingston Upon Hull CIC
Healthwatch East Riding of Yorkshire CIC
Healthwatch North Lincolnshire CIC
16 Debtors
Charity
2024
Group
2024
2023
2023
Amounts falling due within one year:
Trade deblors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
92,720
325.441
728
7,915
156,709
165,677
208.460
246,990
85,680
16.916
10,481
43,326
426.804
332.867
311,056
290,316
17 Loans and overdrafts
2024
2023
Bank overdrafts
Bank loans
5,854
59,270
5,854
59,270
Payable within one year
Payable afler one year
5.854
8,331
50,939
-25-

Draft Financial Ststsments at 02 December 2024 at 00:3S:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Creditors: amounts falling due within one year
Charity
2024
Group
2024
2023
2023
Notes
Bank loans and overdrafts
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
17
8,331
8,040
154,500
159,709
20,236
11,529
5,854
20,283
119,000
135,096
50.968
39,909
8,331
19,369
245,301
199,745
23,867
15,660
9.497
20.000
107.996
42,634
28,033
20
208,169
362,345
371,110
512,273
19 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
17
50,939
20 Deferred income
2024
2023
Other deferred income
119,000
245,301
Deferred income is included in the financial statements as follows..
2024
2023
Deferred income is included within..
Current liabilitie5
119,000
245,301
Movements in the year..
Deferred income al 1 April 2023
Released from previous periods
Resources deferred in the year
245,301
(245,3011
119.000
93,500
(93,5001
245,301
Deferred income al 31 March 2024
119,000
245,301
21 Retirement benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assels of the
scheme are held separately from those of the charity in an independenlly administered fund.
-26-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Retirement benefit schemos
(Continued)
Defined benefit schemes
(al Hull Community and Voluntary Services Limited (Hull CVS) participates in the Pensions Trust's Grovrth
Plan (the Plan). The plan is funded and is not contracted out of the Slate Scheme. The plan is a multi-
employer pension plan.
(b) Contributions paid into the Plan up to and including September 2001 were converted to defined amounts
of pension payable from normal retirement from October 2001 conlribulions were invested in personal funds
which have a capital guarantee and which are converted to pension on retirement, either within the Plan or by
the purchase of an annuity.
Ic) The rules of the Plan allow for the declaration of bonuses andlor investment credits if this is within the
financial capacity of the Plan assessed on a prudent basis. Bonusllnvestment credits are not guaranleed and
are declared at the discretion of the Plan's Trustee.
(dl The Trustee commissions an acluarial valuation of the Plan every three years. The purpose of the actuarial
valuation is lo determine the funding position of the plan by comparing the assets with the past liabilities as at
Ihe valuation dale. Asset values are calculated by reference to market levels. Accrued past service liabilities
are valued by discounting expected future benefii payments using a discounted rate calculaled by referen¢e
to the expected futLbrè investment returns.
(el The rules of the Plan give Ihe Trustee the power to require employers lo pay additional contributions in
order to ensure that Ihe statutory funding objeclive under the Pension Act 2004 is met. The statutory funding
objective is that a pension scheme should have sufficienl assets to meet its past service liabilities, known as
Technical Provisions.
(fj If the actuarial valualion reveals a deficit, The Trustee will agree a recovery plan to eliminate Ihe deficit over
a specified period of time either by way of additional contributions from employers, investment Returns or a
combination of these.
(9) The rules of the Plan state that the proportion of obligatory contributions lo be borne by the member and
the members employer shall be determined by agreement between them. Such agreement shall require the
employer lo pay part of such contributions.
(h) Hull CVS paid contributions al the rate of 10 /. dufing the accounting period. Members contributions are
voluntary, and members paid contributions al the rate of 1.85 % during the accounling period. Contribution
rates are calculated with reference lo the total gross wages.
(il At the balan￿ sheet date there were 23 active members of the Plan employed by Hull CVS. The exisling
Growth Plan 3 scheme 15 now closed to new entrants. Hull CVS offers a Money Purchase Pension Scheme lo
eligible employees.
Q'I 11 is not possible in the normal course of events to identify a reasonable and consistenl basis the share of
underlying assets and liabilities belonging to individual participating employers. The Plan is a multi-employer
scheme. where the assets are co-mingled for investment purposes, and benefits are paid oul of the Plan'5
total assets. Accordingly, due to the nature of the Plan, the accounting charge for the period under FRS17
represents the employer contribulion payable.
-27-

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Retirement benefit schemes
(Continued)
The pension cost charged represents contribulions payable by the company lo
the fund amounting to £23,812 (2023 £25,778). The outstanding contributions
at the year end were £79,50612022 £103,318).
The amounts included in the balance sheet arising from the charity's
obligations in respect of defined benefil plans are as follows..
2024
2023
Liabilitiesl(assets)'.
Presenl value of defined benefit obligations
79,506
104,235
Deficit in scheme
79,506
104,235
22 Restrictsd funds
The restricted funds of the chartty comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming Resources
resources
expended
Transfers At 31 March
2024
Start grantsl Bransholme Trusl
Cost of Living Fund
Renew Community Fund
Hull Food Partnership
Community Centres
12.289
2.832
7,682
14.500
(16,4221
12,8321
17,6821
(20,900}
(45,888)
10,367
51.995
74.357
31,095
28,469
22,803
140.852
(93,724)
69,931
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
Start grantsl Bransholme Trust
Cost of living fund
Renew community fund
15,425
18,000
(14,137)
(4,168)
(29,318)
(7,0001
7,000
12,288
2,832
7,682
37,000
15,425
55,000
47,623
22,802
Starter and Bransholme Trust grants
The purpose of these funds is to enable new groups to apply for small start-up grants and groups in
Bransholme lo apply for grants lo help with start up and running costs. They are funded by annual donations
from the Sir James Reckitt Charitable Trust and East Riding Charitable Trusl.
-28-

Draft Financial Ststements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aside out of unrestricted funds by the Ifustees for specific purposes.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
Designated
Redundancy
Fund
General funds
15,875
1,185,694
18,561
{18,561)
34,436
1,331,911
2,668,439
{2,503.6611
1,201,569
2,668,439
{2,503,6611
1.366,347
Revaluation
reserve
55,000
55,000
Previous year:
At 1 April
2022
Incoming Resources
resources
expended
Transfers
Gains and At 31 March
losses
2023
Designated
Redundanc1y
Fund
General funds
15,875
898,959
15,875
1.185,694
2,640,676
(2,403,941)
50,000
914,834
2,640,676
2,403,941
50,000
1,201,569
Revaluation
reserve
55,000
55,000
Designated funds
In accordance with besl praclice. designated funds are specific funds set aside by the trustees were there is a
reasonable certainty of expenditure being inGurred in the forthcoming year. The trustees believe that there is
no longer a requirement for a specific provision for separate training and building maintenance funds.
Redundancy provision is made in respect of pending redundancy liabilities.
General funds
General funds represent the balance of funds which are available for the objects of Ihe Gharity and were no
specific purpose has been attributed to such funds.
29-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Totsl
2024
At 31 March 2024:
Tangible assels
Investment properties
Investments
Current assetsllliabilitiesl
Provisions and pensions
490,000
325,000
490,000
325,000
685,850
179,5061
69,931
755,781
{79,5061
1,421,347
69,931
1,491,278
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Investment properties
Inveslmenls
Current assetsllliabilities)
Long term liabilities
Provisions and pensions
491,440
325,000
491.440
325,000
595,300
{50,939)
(104,235)
22,802
618,102
(50,9391
(104,2351
1,256,569
22,802
1,279,371
25 Relatsd patty transactions
-30-

Draft Financial Statements at 02 December 2024 at 00:35:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
25 Related paty transactions
Icontinuedl
During ihe year the Charity had the following relaled party transactions with ils Trustees and the
organisalions they represent on the Board of Hull Community and Voluntary Services Limited or alternatively
organisalions in which they hold an officer position which is not individually fepresenled on the board of Hull
Community and Voluntary Services Limited.
No disclosure is made in respect of transactions which are made on an arms length basis and on normal
commercial terms.
The following amounts were outstanding at the reporting end date-.
Amounts owed by related Amounts owed by related
parties
parties
2024
2023
Balance
Balance
Net
Net
Amounts owed to Hull CVS by Rainbow
Nursery (Hull) Limited
Amounts owed to Hull CVS by MNH Meeting
New Horizons CIC
96,841
96,841
40.188
40,188
228,600
228,600
125,489
125,489
325,441
325,441
165.677
165,677
26 Cash generated from operations
2024
2023
Surplus for the year
211,906
294,112
Adjustments for..
Investment income recognised in statement of financial aclivities
Fair value gains and losses on investment properties
Depreciation and impairment of tangible fixed assets
15,565)
(2,954)
(50,000)
360
288
Movements in working capital..
Ilncrease) in debtors
(Decreasellincrease in creditors
(Decreasellincrease in deferred income
{20,7401
(37,113}
(126,301}
(57,1461
8,221
151,801
Cash generated from operations
22,475
344,394
31

Draft Financial Statements at 02 December 2024 at 00:36:34
HULL COMMUNITY AND VOLUNTARY SERVICES GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
27 Anatysis of changes in net funds
At 1 Aprll 2023
Cash ftovtsAt 31 March 2024
Cash at bank and in hand
Bank overdrafts
840,059
(24,224)
(5,854)
815,835
(5,8541
840,059
(30,078)
809,981
Loans falling due wilhin one year
Loans falling due after more than one year
{8,3311
(50,9391
8,331
50,939
780,789
29.192
809,981
-32-