mailes Goldie CHARTERED ACCOUNTANIS REGISTERED CHARITY NUMBER: 516866 Hull and East Riding Charitable Trust Financial Statements 5th April 2024 SD-0215890-1-6 better i(Whor. ICAEW CHARTERED ACCOUNTANTS
Hull and East Riding Charitable Trust Contents of the Financial Statements for the year ended Sth April 2024 Page Reference and Administratlvo Dots118 Report of tho Tru$t•e8 Statement of Trustees. Respon31bllltles Report of the Indopendent Audltors Statement of Flnanclal Activitie8 Balance Sheet 10 Notes to the Flnanclal Statements 11 to 18
Hull and East Riding Charitable Trust Reference and Administrative Details for the year ended 5th Aprll 2024 TRUSTEES A M Horsley M Fletcher V M Carver PRINCIPAL ADDRESS 7 Westerdale Swanland East Yorkshire HU14 3PY REGISTERED CHARITY NUMBER 516866 INDEPENDENT AUDITORS Smalles Goldie Chartered Accountants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA BANKERS Barclays Bank plc Barclays Business Centre PO Box 190 1 Park Row Leeds LS15HB SOLICITORS Andrew Jackson Solicitors Marina Court Castle Streel Hull HU11TJ INVESTMENT MANAGERS Rathbone Brothers plc 1 Curzon Street London W1J 5FB Page 1
Hull and East Riding Charitable Trust Report of the Trustees for the year ended 5th April 2024 The Trustees present their report and the audited financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of the Stalement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, Ihe Charities Act 2011 and 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 published in October 2019. OBJECTIVES AND ACTIVITIES Objectives The objectives of the trust are to provide support to such registered charities or for such charitable purposes for the public benefit and subject to such terms and conditions as the trustees in their uncontrolled discretion think fit for the benefit of people living in Hull and the East Riding of Yorkshire. National charities are supported, but usually only rf they carry out work in the local area. Public beneflt The trustees are aware of the Charity Commission's advi on Charities and Public Benefit. The trustees confirm Ihat they have referred to the guidance conlained in the Charity CommSsslon's general guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities and setting the grant making policy for the year. The trustees do not discriminate against any party when considering their grant making policy. The trust aims to improve the lives of people Ilvlng In Hull and the East Riding of Yorkshire. A wide range of requests are received each year from schools. sludents pursuing self developmenl projects and all lypes of social organisations for the benefit of children, senior citizens, people suffering physical or mental disabilities and others with situations deserving support. This includes donations towards the facilities and maintenance of the premise5 occupied by such organisations. National charities are supported but usually only if they provide benefit for the local people. Each request is considered on its merils and within the unrestricted authority of the trustees. The trustees have made rtain revocable commitments to make payments once a year, subject to prior reports, to each of East Riding County Council, Giroscope and Bransholme Commuinty Trust. These payments are included within the total shown at note 9, Future Commitments. Grantmaklng The trust delivers its objects through the award of granis. The trustees consider a wide variety of requests for grants. Details of all grants made in the current year can be seen in note 6 to the accounts, which demonstrates the wide variety of granls for the public benefit. Grants are not normally made to individuals nor are they made to organisationslcauses of a political nalure or for religious purposes, but requests for maintenance of significant religious buildings may be considered. It is unlikely that the trustees would support the total cost of a project and applicants should be able to demonstrate that fund5 have been raised or are in the process of being raised from other sources. The trust has all the instructions for applications for grants displayed on its website www.herct.org.uk. ACHIEVEMENT AND PERFORMANCE Charitable activities As set out in note 6 of the financial statements the charity made grants to charitable organisations and causes of £301.663 during the year (2023.. £317.878). The value of investment securities held increased over the course of the year by 60/0 (2023.. 0.40 % ). The trustees are satisfied that the investments held are performing in line with expectations given the current market conditions, further details of which are provided below. Page 2
Hull and East Riding Charitable Trust Report of the Trustees for the year ended 5th April 2024 FINANCIAL REVIEW Performance The trust's income for the year ended 5 April 2024 was £205.068 (2023: £175,470). Grants totalling £301,663 (2023: £317.878) were paid and 4 grants of £19.375 (2023: no grants) previously paid were refunded during the year. The size of the grants varied from £300 to £15,000 and an analysis is provided in nole 6. The net outgoing resources before revaluations of investments amounted to £182,866 (2023: £227,851). Net gains on investments amounted to £737,751 (2023: gains of £222.557), giving rise to a net increase in funds of £554,885 (2023.. decrease of £5,294). Reserves pollcy Total unrestricted reserves amount to £9,570,821 (2023.. £9,015,936). The trustees aim to maintain reserves at a level that will generate the amount of income and capital appreciation the trustees wish to distribute as grants to achieve the charitable objects of the trust. STRUCTURE, GOVERNANCE AND MANAGEMENT Govaming document The Irust was established by the will of the late Mrs M O Sh8nnon on her death on 15 October 1984. The first truslees were appointed by the will and the trust deed was signed on 12 Dember 1985, which remains the governing document of the trust. The trust Is registered with the Charity Commisslon as the Hull and East Riding Charitable Trust, registered number 516866. The trust was registered on 4 November 1985. Recrultment and appointment of new trustees The siatutory power of appointing trustees applies to this trust and vests with the trustees. There are no set terms of office for the trustees. If, for any reason, a trustee is no longer able to act, the remaining trustees will decide on a replacement. The trustees meet half yearly to agree the broad strategy and areas of activity of the trust, including grant making, investment and risk management. The trustees are empowered by the trust deed to apply the income of the trust for any charitable purpose they think fit. The trustees have not undertaken speclflc training but they are satisfied with the level of experlence In charlty malters and will rely on advisors where appropriate. There is no formal procedure in place for the induction and Iraining of the trustees and any training needs would be dealt with as neSSary in consultation with the relevant advisors All trustees give of their time freely and no trustee remuneration was paid in the year (2023- £nil). Page 3
Hull and East Riding Charitable Trust Report of the Trustees for the year ended 5th April 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Investment powers Investment powers are governed by the trust deed and the Deed of Enlargement of Investment Powers (dated 26 May 1994) which permit the funds to be invested in the manner shown in note 10 to thefinancial statements. The truslees inlend that the real value of the charity's investments be maintained and enhanced over the long term by investing in a portfolio comprising equities, fixed income stocks and cash, although capital may be used al the trustees, discretion. In order to meet these objeclives, the trustees have appointed an investment advisor as their agent to manage a diversified porttolio of suitable investments on a discretionary basis. The brief to the advisor states that they should select a balanced investment return from income and capital, with moderate risk. The proportions Invested in equities, fixed income slocks and cash are reviewed with the investment advisor from time to time to provide guidance on the ongoing suitability of that element of the investment policy. There are no restrictions Smposed on the investment policy by the trust deed. The trustees make the investments in accordance with the Trustees Act 2000. The investment strategy is set by the trustees and lakes account of recent demands for funds. The trustees consider the income requirements, the specific risk profile and the investment manager's view of the market prospecls in the medium term. The funds may be invested in any type of investment. The Strategy is reviewed with the the investment manager annually. Rlsk managernent The trustees have undertaken a risk assessment exercise to indentify Ihe risks that the Hull and East Riding Charitable Trust encounters during its operation. The trustees consider that adequate controls are in pla to mitigate the key risks identified. The trustees meet twice yearly and the key risks are considered. re-evaluated and reviewed at each meeting. The trustees consider that an internal audit function is not required based on the relative size of the trust. the risks identified, and controls in place to mitigate those risks. In so far as the trustees are aware.. There is no relevant audit information of which the charitable company's auditors are unaware., and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that Ihe auditors are aware of this information. The Truslees are responsible for the maintensnce and integrity of the corporate and financl81 information included on the charitable company's website. Audltors The auditors, Smalles Goldie Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting. The auditors will be subjected to a tender process in the upcoming year. Approved by order of the board of trustees on 6th November 2024 and signed on Its behalf by: A M Horsley- Trustee Page 4
Hull and East Riding Charitable Trust Statement of Trustees, Responsibilities for the year ended 5th Aprll 2024 The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally AcpIed Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistenlly., obSee the methods and principles in the Charity SORP. make judgement5 and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accountlng records whlch disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply wilh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding Ihe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
Report of the Independent Auditors to the Trustees of Hull and East Riding Charitable Trust Opinion We have audited the financial statements of Hull and East Riding Charitable Trust (the 'charity') for the year ended 5th April 2024 which comprise the Statement of Financial Activities, the Balance Sheet and noles to the financial statements, including a summary of signrficant accounting policies. The financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 5th April 2024 and of its incoming resources and application of reSoUrs, for the year then ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi. and have been prep8red in accordance with the requirements of the Charities Act 2011 . Basis for oplnlon We conducted our audit in accordance with Inlernational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with Ihe ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan wilh these requirements. We believe that the audil evidence we have obtained is sufficient and appropriale to provide basis for our opinion. Conclu8lon8 r•latlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern b8sls of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The trustees are responsible for the other informatlon. The other information comprises the Information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon, Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatemenl in the financial statements themselves. If, based on the work we have performed, we condude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of Ihe following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion: the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements: or sufficient accounting records have not been kept. or the financial statements are not in agreemenl with the accounting records and returns. or we have not received all the information and explanations we require for our audit. Page 6
Report of the Independent Auditors to the Trustees of Hull and East Riding Charitable Trust Responslbilitles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going conrn and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to ase operations, or have no realistic alternative but to do so. Our responsib115tles for the audit of the financlal statemants We have been appointed as auditors under Section 144 of Ihe Charilies Act 2011 and report in accordance with the Aci and relevant regulations made or having effect thereunder. Our objectives are to obtain aSOnable assurance about whelher the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors thal includes our opinion. Reasonable assuran is a high level of assurance, but is not a guarantee that an audil conducted in accordance with ISAS (UK) will always delecl a material misstatement when it exists. Misslatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direcl material effect on the financial statemenls or the operations of the charity, induding the Charities Act 2011, data protection and anti-bribery legislation. An underslanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships.. tested journal enlries lo identify unusual transactions., assessed whelher judgements and assumptions made in determinlng the accounting estimates vKre indicalive of potential bias- and investigated the rationale behind signlficant or unusual transactions. In responsè to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included. but Vre not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and daims,. and reviewing correspondence with relevant regulators and the charitable company's legal advisors. Page 7
Report of the Independent Auditors to the Trustees of Hull and East Riding Charitable Trust Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more Ihat compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. The risk is also greater regarding irregularities ¢xcurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission, or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.ukJauditorsre5ponsibilities. This description fonns part of our Report of the Independent Auditors. Use of our report This report is made solely to the charily's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audil work has been undertaken so that we might state lo the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audlt work, for this report, or for the opinions we have formed. Smalles Goldie Chartered Accountants Slatutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA 6th November 2024 Page 8
Hull and East Riding Charitable Trust Statement of Financial Activities for the year ended 5th April 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 25 Investment income 205,068 175,445 Total 175,470 EXPENDITURE ON Raising funds 61,786 58,472 Charitable aGtlvltl•s Grants to charitable purposes benefiting the people of Hull and the East Riding of Yorkshire Total 387 934 403 321 Net gains on investments 737,751 222,557 NET INCOMEI(EXPENDITURE) 554,885 (5,294) RECONCILIATION OF FUNDS Total funds brought forward 9.015,936 9.021.230 TOTAL FUNDS CARRIED FORWARD 9,570,821 9,015,936 The notes form part of these financial statements Page 9
Hull and East Riding Charitable Trust Balance Sheet 5th April 2024 2024 Unrestricted funds 2023 Tolal funds Notes FIXED ASSETS Investments 10 9,572,236 9.027,579 CURRENT ASSETS Cash at bank 23,579 13,496 CREDITORS Amounts falling due within one year (24,994) (25.139) NET CURRENT ASSETS 1,415) 11643) TOTAL ASSETS LESS CURRENT LIABILITIES 9,570,821 9,015,936 NET ASSETS 9,570,821 9,015.936 FUNDS Unrestricted funds.. General fund Permanent Investment fund 12 (1,415) 9,572,236 (11,643) 9,027,579 9,570,821 9,015,936 TOTAL FUNDS 9,570,821 9,015,936 The financlal statements were approved by the Board of Trustees and authorlsed for issue on 6th November 2024 and were signed on its behalf by.. A M Horsley - Trustee The notes form part of these financial statements Page 10
Hull and East Riding Charitable Trust Notes to the Financial Statements for th• yèar ended 5th April 2024 ACCOUNTING POLICIES Basis of preparlng the flnancial statam•nts Hull and East Riding Charitable Trust is an unincorporated charity established under a deed of trust and registered with the Charity Commission in England I Wales. The principal address is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are that of supporting charitable organisations operating the Hull and East Riding of Yorkshire area through the provision of grant funding. The charily constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporling Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The flnancial statements are prepared on a going concern basls under the hlstorlcal cost convention. modified to include certain items at fair value. The financial statements are presented in sterling which Is the functional currency of the charity and rounded to the nearest £. Golng concern The trustees, having considered the available information for the period to end March 2026, have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis. 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. Inveslment income, consisting of bank interest and dividends, is accounted for on a receivable basis. The value of servlces provided by volunteers is not incorporated into these financial statements, as these are deemed insignificant. Expendlture 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 trarn5fer 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 classlfled under headlngs 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. Grants payable Grants authorised and paid by the trustees are induded within the statement of financial activities in the furtherance of the charitable objectives of the trust. Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where Ihe offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure as these remain at the discretion of the trustees. Support costs All support costs are 811ocated to the single charitable activity. on the basis of that approximately all the trustees, time and administrative resour is spent assessing grant application and, corresponding with grant recipients. Page11 continued...
Hull and East Riding Charitable Trust Notes to the Financial Statements- continued for the year ended 5th April 2024 ACCOUNTING POLICIES - continued Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the charity is potentially exernpt from taxation in respect of income or capital gains received within the categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 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 reslricted purposes within the objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for particular restrided purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Fixèd asset investments Listed investments are included in the balance sheet at their current market value using 8 mid price value as the bid price is not materially different. The gains on investments are reflected in the statement of financial activities as they arise. Gains and losses are calculated as the difference between the market value at the year end and the opening market value (or purchase date if later). DONATIONS AND LEGACIES 2024 2023 Donation from closed charity 25 INVESTMENT INCOME 2024 2023 Dividends and fixed interest Bank and broker interest 198,405 6,663 167,636 7,809 205,068 175,445 RAISING FUNDS Investment manag•mont costs 2024 2023 Discretionary management fees 61,786 58,472 Page 12 continued...
Hull and East Riding Charitable Trust Notes to the Financial Statements - continued for the yoar •nd•d 5th April 2024 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Support costs (see note 7) 6) Totals Grants to charitable purposes benefiling the people of Hull and the East Riding of Yorkshire 24,485 326,148 GRANTS PAYABLE 2024 2023 Grants to charitable purposes benefiting the people of Hull and the East Riding of Yorkshire 301,663 317 878 The total number of grants paid was 118 (2023.. 109), details of which are as follows.. 2024 Nam8 of Institutlonllndividual ABF Soldlers Charity Ability.net Adelaide Primary School Aim Higher Amazing Gra Chapel Artlink Hull Bader Braves Beverley Community Lift Bipolar UK Bransholme Trust Bridge Child Contact ntr8 British Wireless for the Blind Carers UK Child Brain Injury Twst Child Dynamix Children Today Cliflon Primary School Clothing Solutions for Disabled Community Safety Education Concrete Youth Cornerhouse (Yorkshire) Downright Special Driffield show Driffield Skate Park - Skaleopia East Riding cOnrt Orchestra East Riding Council East Riding Hygiene Bank Elloughton cum Brough village Hall Ferriby Shed Fionn Musk Fit Mums Food Cycle 3,000 2,000 2,000 1,500 3,000 2,500 2,750 2,500 2,500 5,000 5,000 2,100 5,000 1,000 2,500 1,500 2,000 2,000 2.200 3.000 2.016 2,500 2,000 2,500 5,000 5,000 2,000 1,338 2,500 300 4,881 1,000 Page 13 continued...
Hull and East Riding Charitable Trust Notes to the Financial Statements - continued for the year ended 5th Aprll 2024 GRANTS PAYABLE - contlnued Freedom Centre Giroscope Go Kids Go Groundwork Yorkshire Happy Days Charity HART Hearing Dogs for the Deaf HEY Swahili Diaspora Hull & EY Community Counselling Service Hull & EY Girls Brigade Hull Active Schools Hull Truck Hull Urban Opera Hull Visual Choir Hull Womens Aid Hull YFC Humber Job Hub Humberside poll- Lifestyles Humberside Scouts Inmans Helping Hands Into University Keira Wilson Ind Kids Yorkshire and the Humber Library of stuff Listening Books Little Hearts Matter Living Paintings Trust Macular Society MamaHouse Martin House Hospice Middle Child Theatre Mires Beck Nursery MNDA Moghissi Lasre Trust Move Humber Move Partnership Muscular Dystrophy No Way Trust Norland Crew NSPCC Oasis Hub Hull Orchestra Live Panthalon Portobello Scout Group Princes Avenue Traders & Community Prisoners, Education Trust Prostate Canr Raise the Roof REACT Read for Good Recycling Limited Rerun Furniture Roy Castle Lung Cancer Foundation Run with It Sancton Village Hall 2,500 4.500 2.000 2.000 3.000 1,800 3,000 1,000 3,072 1,163 1,000 3,000 2,950 1,000 2,000 2,400 2,000 4,000 3,000 2,000 5,000 300 5,000 3.000 2,250 1,000 2,000 2,000 2,000 3.000 3,000 10,000 2,500 2,500 3,000 2,000 2,000 5,000 2,000 5,000 3,300 2,500 2.100 1,500 3,000 2,727 2,500 4,000 2,000 4,000 2,500 4,000 2.000 5,000 2,850 Page 14 continued..
Hull and East Riding Charitable Trust Notes to the Financial Statements - continued for the year ended 5th Aprll 2024 GRANTS PAYABLE - contlnuad Sandcastle TRSUT Send a Child to Hucklow Shine Sick Childrens Charity Sight Support Hull & East Yorkshire Skipsea Village Hall Space 2 B Heard Special Stars Foundation Spin Off Productions Spinal Injuries Associalion Spring Bank Community Association St James C of E Academy School St Marys Queen of Matyrs Stand Against Violence Teenage Cancer Trust Teelh Team The Brough Shed The Hinge Centre The Peel Project Thunk-11 Theatre Together We Care Turn to Us Viola Trust Walkington Pre-school Willow Foundation York Minster Funds Yorkshire Air Ambulance Yorkshire Wildlife trust Young People Count Young Women's Trust 2,070 1,610 1,000 1,500 1,000 2,000 2.800 1.500 2,000 2,000 2,000 1,500 2,500 3,000 3,500 5,000 1,401 1,000 2,500 2,000 1,000 2,000 5,000 2,000 2,160 15,000 3,000 3,000 5,000 321,038 19 375) Returned donations 301,663 SUPPORT COSTS The following support costs have been been applied to the charitable actlvlty of maklng grants to charilable purposes benefiting the people of Hull and the East Riding of Yorkshire.. 2024 2023 Management Administration fees Infomiatlon Technology Website costs 3,111 853 Governance costs Auditors, remuneration Trustees, and officer insurance Trustees, meeting expenses 2,650 571 80 2,420 894 817 Page15 continued...
Hull and East Riding Charitable Trust Notes to the Financial Statements- continued for the year ended 5th April 2024 SUPPORT COSTS - contlnued Accountancy and advice fees 5,040 6,800 8,341 10,931 Total support costs 24,485 26,971 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5th April 2024 nor for the year ended 5th April 2023. Tru8tee8' expenses There were no trustees, expenses paid for the year ended 5th April 2024 nor for the year ended 5th April 2023. FUTURE COMMITMENTS The trustees have agre8d to make future donations, subject to annual ratiflcation, of £44,000 (2023 £34,500). These future commitments are entirely at the discretion of the trustees and are, therefore, not included within the financial statements as creditors. 10. FIXED ASSET INVESTMENTS Cash and settlements pending Listed investments Totals MARKET VALUE At 6th April 2023 Additions Disposals Revaluations Withdrawals Transferred in from income account Management charges 8,506,510 521,069 1,325,978 (1,325,978) (1,098,919) 1,098,919 737,751 9,027,579 737.751 (330,000} (330,000) 198,436 198.436 61,530} 61,530) At 5th April 2024 9,471,320 100,916 9,572,236 NET 800KVALUE At 5th April 2024 9,471,320 100,916 9,572.236 Al 5th April 2023 8,506,510 521,069 9,027.579 Page 16 continued...
Hull and East Riding Charitable Trust Notes to the Financial Statements - continued for the year ended 5th April 2024 10. FIXED ASSET INVESTMENTS - continued 2024 2023 Llsted investments comprlsed: UK fixed interest securities UK equities Investment assets outslde the UK Other - hedge funds and property Aternatives 2,296,122 2,459,639 4,567,032 84,640 1,878,330 2,460,452 4,040,325 63,486 63,917 9,471,320 8,506,510 11. CREDITORS: AMOUNTS FALLING DUE THIN ONE YEAR 2024 2023 Other creditors 25,139 12. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 5.4.24 At 6.4.23 Unrestricted funds General fund Permanent Investment fund (11,643) 9,027,579 (182,866) 737,751 193,094 193,094) 11,415) 9,572 236 9.015 936 554 885 9 570 821 TOTAL FUNDS 9,015,936 554,885 9 570 821 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund Permanenl Investment fund 205,068 {387,934) (182,866) 737.751 737,751 205,068 387,934 737,751 554,885 TOTAL FUNDS 205.068 387.934) 737,751 554.885 Page17 continued...
Hull and East Riding Charitable Trust Notes to the Financial Statements - continued for the year ended 5th April 2024 12. MOVEMENT IN FUNDS - continued Comparativ•s ft>r movement in fund8 Net movement in funds Transfers between funds At 5.4.23 At 6.4.22 Unrestricted funds General fund Permanent Investment fund 30,051 8,g91,179 (227,851) 222,557 186.157 186 157) (11,643) 9,027,579 9,021,230 5,294 9,015,936 TOTAL FUNDS 9,021,230 294) 9,015,936 Comparative net movement in funds. included in the above are as follc>ws: Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund Permanent Investment fund 175,470 (403,321) (227,851) 222,557 222,557 175470 403,321) 222,557 5.294 TOTAL FUNDS 175,470 403,321) 222,557 13, RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 5th April 2024. Page18