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2023-03-31-accounts

Company Number 01940104

DOORSTEP OF HULL

A company limited by guarantee and

a registered charity no. 518713

REPORT AND ACCOUNTS

for the year ended

31 March 2023

HPH Chartered Accountants 54 Bootham York YO30 7XZ

DOORSTEP OF HULL

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

CONTENTS page
Report of the Directors and Trustees 1 to 6
Auditor's Report 7 to 10
Statement of Financial Activities and Income and Expenditure Account 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Accounts 14 to 21
The following pages do not form part of the statutory accounts
Summary Income and Expenditure Accounts 22 and 23

DOORSTEP OF HULL

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The directors, who form part of the Management Committee and are Trustees of the Charity, have pleasure in presenting their report and the accounts for the year ended 31 March 2023.

Reference and Administrative Information

Charity name: Doorstep of Hull Charity Registration Number: 518713 Company Number: 01940104 Board of Directors and Emma Fox Trustees Denis Scanlon Company Secretary: Gwyneth Sargent Management Committee: Emma Fox (Chair) Denis Scanlan (Treasurer) Karl Robinson Roz Smith Robbie Olsen Project Director: Peter Drinkell Registered Office and 151 Fairfax Avenue Administration Office: Kingston upon Hull HU5 4QZ Telephone: 01482 345006 Bankers: Santander Lloyds TSB plc Bridle Road 63-67 Newland Avenue Bootle Hull Merseyside HU5 3BG L30 4GB Auditor: HPH Chartered Accountants 54 Bootham York YO30 7XZ Solicitors: Andrew Jackson Solicitors LLP Marina Court Castle Street Hull

1

DOORSTEP OF HULL

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Structure, Governance and Management

The Charitable Company is limited by guarantee No. 01940104 and itself and its officers are governed by the Memorandum and Articles of Association dated 16 August 1985, as amended by special resolutions passed on 21 August 1986 and 14 November 2001. The Company received charitable status, No. 518713, on 8 January 1987. In the event of the Company being wound up members are required to contribute an amount not exceeding £5.

The Directors and Trustees confirm that they believe they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Recruitment and Appointment of Management Committee

The officers in office during the year were:

Emma Fox - Chair Director and Trustee Roz Smith Management Committee
Denis Scanlan Director and Trustee Robbie Olsen Management Committee
Karl Robinson Management Committee Gwyneth Sargent Company Secretary

The Directors are appointed by the Management Committee at any time, provided that a maximum of fifteen is not exceeded. Directors are required to seek re-election at the first annual general meeting following election, and one third by rotation must seek re-election at every annual general meeting.

No remuneration or benefits were received by any Directors or Trustees during the year in respect of their services to the Charitable Company.

The Directors and Trustees confirm that the attached accounts comply with current statutory requirements, the requirements of its governing document and the requirements of the FRS102 Charities SORP.

Training of Directors/Trustees

All Directors/Trustees are expected to be familiar with the objectives of the Charity, the practical work of the Charity, the financial position of the Charity, and the obligations of Directors/Trustees.

Trustees are appointed based on their experience in other fields and their commitment to the objectives of the Charity. New Trustees are familiarised with the work of the Charity by the Charity’s Project Director and visits to the Charity’s projects. They are also provided with information on their obligations as Charity Trustees.

Risk Management

The Directors/Trustees have examined the principal areas of the Charitable Company’s operations and considered the major risks which may arise in each of these areas. In their opinion the Charitable Company has established resources and reviewed systems, which under normal conditions should allow the risks identified by it to be mitigated to an acceptable level in its day-to-day operations.

Policies and procedures are in place to ensure the health and safety of staff, and of services users and visitors to the Charitable Company's premises. Controls and procedures are in place for the authorisation of all transactions and projects.

2

DOORSTEP OF HULL

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Risk Management (continued)

However, it should be recognised that the complexity of issues and challenging behaviour of our clients continues to escalate to the point both our day staff and night cover are stretched to capacity. Welfare of and retention of staff has to be considered a priority going forward both from the point of view of the Health and Safety of staff and the continued operation of the Charity.

Organisational Structure

The Directors and Trustees are known collectively as The Management Committee and they meet six times a year. Latterly by "virtual" meetings, to administer the Charitable Company, setting and monitoring the strategic direction of the Charitable Company.

The Project Director, Mr Peter Drinkell, is delegated by the Directors/Trustees to manage the operations of the Charity. The Project Director is responsible for ensuring that the Charity delivers the services specified in the contracts that the Charity has entered into and that performance indicators are met, including performance against budget. The Project Director also attends Management Committee meetings but has no voting rights. The Practice Manager, Neil Scott, is responsible for the day-to-day operational management of the Charity’s projects, including staff supervision and the further development of skills and working practices in line with good practice.

Related Parties

The Charity works within the Hull City Council’s Homeless Strategy, Housing Strategy and Prevention of Rough Sleeping Strategy. It continues to play a significant role in the strategies, especially in the provision of Supported Accommodation.

The Project Director is a member of the Hull Hostel Forum.

Objectives and Activities

The principal activity of the Charitable Company is to provide, and work with other agencies for the provision of, suitable accommodation for young homeless persons.

The Charitable Company also manages hostel accommodation for a national housing association (Places for People), collecting rents and meeting expenses. This association also provides accommodation for special needs and elderly people.

The charitable objectives of the Charitable Company are the care and support of young persons and others, who are homeless and in need, or where by reasons of adverse circumstances are in need of help in acquiring a settled way of life, by providing, developing and or maintaining residential accommodation or similar facilities and to further assist those so accommodated who by reasons of any physical, psychological, emotional or social infirmity are in need of advice, counselling and any other form of aid to acquire employment, more permanent accommodation, education, training and any other benefit to assist them towards a more settled way of living in the community.

The day to day running of the Charitable Company is delegated to Peter Drinkell, Project Director, and Gwyneth Sargent, Deputy Project Director, who are appointed directly by the Directors/Trustees. Major decisions and expenditure are agreed by the management committee who meet on a regular basis.

3

DOORSTEP OF HULL

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Objectives and Activities (continued)

Ensuring our work delivers our aims

The Charitable Company reviews its aims, objectives and activities annually to ensure that that the work remains focussed on its purposes; and that its activities and the benefits achieved through those activities are continuing to meet the needs of the customers that the Charity was set up to help. We have referred to the Charity Commission's guidance on public benefit when undertaking our review and planning future activities.

Achievements and Performance

During the year, Doorstep have continued to provide a comprehensive service through its own resources and in partnership with other agencies. The Charity has maintained and developed working relationships and protocols with other specialist agencies providing services which complement those provided by the Charity and meet the support needs of our residents.

There has been no reversal of cuts in Government Funding to the Local Authority and so the lack of ancillary services we referred to last year continues and we continue to attempt to "plug the gaps" where possible. With the upcoming “autumn statement” we expect this situation to worsen. Again, we have seen a significant increase in the complexity of issues of people who are referred to us.

It continues to be quite difficult to move people on into their own accommodation. Young single people are especially at risk of re-occurring homelessness as their benefit level make it almost impossible to manage the cost of living independently and budgeting their money to cover heating and light costs, council tax, water rates and food etc. Recent geopolitical events have conspired to exacerbate this problem.

Plans for Future Periods

We have gone someway to achieving our plans to purchase properties having purchased five, two bed properties over the past 10 months. We have used the reserves of the Charity to fund this. This is not entirely satisfactory as financially, two bed properties are challenging as there are no economies of scale. We are still finding that many properties which appear on the market, when we investigate, do not have the relevant planning consent or cannot be purchased with vacant possession. We will however continue to attempt to buy properties going forward. we are still around 20 bedspaces short of our optimal number. We still feel in the long-term, reducing our reliance on leased properties will benefit the charity, as we will be more able to control costs.

4

DOORSTEP OF HULL

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Plans for Future Periods (continued)

The regulatory oversight bill for supported accommodation has received royal ascent. It is quite concerning that this bill appears to hand a great deal of power to local authorities and we feel there is a danger that they will weild this power in quite a draconian manner. The full effects of this will probably not be known until next year.

Financial Review

The Charity has been able to fulfil all its commitments and submits a satisfactory financial report.

Principal Funding Sources

The Charity is now principally dependent on the rental income for its core work, which totalled £1,832,981. The majority of other income consists of grants income totalling £75,065.

Investment Policy

Under the Memorandum and Articles of Association, the Charitable Company has the power to make any investments which the Directors/Trustees see fit. The Charitable Company held two Time Deposit investments with the company's bankers, Santander during the year ended 31 March 2023.

Reserves Policy

It is the policy of the Charitable Company to hold reserves. Reserves are held in accordance with the Charitable Company’s charitable objects, in order that the Charitable Company can continue to provide accommodation and support for young homeless persons. As advised in the report last year, the Reserves Policy has been reviewed by the Trustees and it now states that Reserves should be equal to 12 month's operating costs.

At 31st March 2023 unrestricted general purpose funds amounted to £3,617,756, which includes £1,868,664 relating to fixed assets. Free reserves available as working capital amounted to £1,749,092 which represents approximately 10 months running expenditure. This falls short of the Trustees' policy of having 12 months running costs. The charity is building back up capacity through property purchases, after handing back leased propertes last year, which it hopes will result in the charity making surpluses and increase the reserves position.

5

DOORSTEP OF HULL

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Responsibilities of the Management Committee

Company and charity law requires the directors and trustees respectively to prepare financial statements which give a true and fair view of the Charitable Company's state of affairs at the end of the year and of its financial activities for that year. In preparing those financial statements the directors and trustees are required to:

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

Members of the Management Committee

Members of the Management Committee who served during the year and up to the date of this report are set out on page 1.

Provision of Information to the Auditor

So far as the Directors and Trustees are aware, there is no relevant audit information of which the Charitable Company's auditor is unaware and we have taken all the steps that we ought to have taken as Directors/Trustees in order to make ourselves aware of any relevant audit information and to establish that the Charitable Company's auditor is aware of that information.

Auditor

HPH were re-appointed as the Charitable Company’s auditor during the year and have expressed their willingness to continue in that capacity.

Exemption

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Management Committee on 17 November 2023 and signed on its behalf by:

Denis Scanlan Director and Trustee

6

HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

DOORSTEP OF HULL

Opinion

We have audited the financial statements of Doorstep of Hull for the year ended 31 March 2023 which comprise the Statement of Financial Activities and Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement 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 Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

7

HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

DOORSTEP OF HULL

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement 5, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

8

HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

DOORSTEP OF HULL

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue 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 with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In response to the risk of irregularities and non-compliance with laws and regulations and risk of fraud, we designed procedures which included but were not limited to: sample testing on the posting of journals, timing of recognition of commercial income, review of trustee’s minutes and any correspondence with regulators.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion, or the provision of intentional misrepresentations. We are not responsible for preventing fraud and cannot be expected to detect all fraud.

9

HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

DOORSTEP OF HULL

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

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

Sarah Wearing

Senior Statutory Auditor

For and on behalf of

HPH

Statutory Auditor 54 Bootham York YO30 7XZ

17 November 2023

10

DOORSTEP OF HULL

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
Total expenditure
7
Net expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Fund
£
1,605
74,310
1,832,981
12,985
1,921,881
2,031,873
2,031,873
(109,992)
-
(109,992)
3,727,748
£ 3,617,756		 Endowment
Funds
£
-
-
-
-
-
1,360
1,360
(1,360)
-
(1,360)
169,118
£ 167,758		 Total
31 March
2023
£
1,605
74,310
1,832,981
12,985
1,921,881
2,033,233
2,033,233
(111,352)
-
(111,352)
3,896,866
£ 3,785,514		 Total
31 March
2022
£
5,262
70,452
1,865,955
3,151
1,944,820
2,000,905
2,000,905
(56,085)
-
(56,085)
3,952,951
£ 3,896,866

The notes on pages 14 to 21 form part of these accounts.

11

DOORSTEP OF HULL

BALANCE SHEET AT 31 MARCH 2023

Registration number: 01940104

Notes
Fixed assets
Tangible fixed assets
9
Current assets
Debtors
10
Bank balances and cash
Creditors : amounts falling due
within one year
11
Net current assets
Total assets less current liabilities
Net assets
Capital and reserves
Endowment funds
Unrestricted funds
General purpose fund
Funds
12		 2023
2022
£
£
£
£
1,868,664
1,636,721
95,569
55,852
1,912,557
2,379,499
2,008,126
2,435,351
91,276
175,206
1,916,850
2,260,145
3,785,514
3,896,866
£ 3,785,514
£ 3,896,866
167,758
169,118
3,617,756
3,727,748
£ 3,785,514
£ 3,896,866		 2023
2022
£
£
£
£
1,868,664
1,636,721
95,569
55,852
1,912,557
2,379,499
2,008,126
2,435,351
91,276
175,206
1,916,850
2,260,145
3,785,514
3,896,866
£ 3,785,514
£ 3,896,866
167,758
169,118
3,617,756
3,727,748
£ 3,785,514
£ 3,896,866
3,896,866
£ 3,896,866
169,118
3,727,748
£ 3,896,866

The accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime under the Companies Act 2006 and are for circulation to members of the company.

Approved by the Board on 17 November 2023 and signed on its behalf by:

Denis Scanlan Director and Trustee

Kingston upon Hull

The notes on pages 14 to 21 form part of these accounts.

12

DOORSTEP OF HULL CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Note
17
Cash flow from investing activities:
Proceeds from the sale of fixed assets
Purchase of tangible fixed assets
17
Net cash (used in) / provided by
operating activities
Dividends, interest and rents from
investments
Net cash (used in) / provided by
investing activities
Change in cash and cash equivalents
in the year
Cash and cash equivalents at
beginning of the year
Cash and cash equivalents at end of
the year		 £
£
£
£
(197,818)
166,613
12,985
3,151
-
1,500
(282,109)
-
(269,124)
4,651
(466,942)
171,264
2,379,499
2,208,235
£1,912,557
£2,379,499
2023
2022

The notes on pages 14 to 21 form part of these financial statements.

13

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Legal entity

Doorstep of Hull is regulated by the Charities Commission (518713), limited by guarantee and is registered in England and Wales. The address of the registered office and principal place of business is 151 Fairfax Avenue, Kingston upon Hull, HU5 4QZ.

The charitable company constitutes a public benefit entity as defined by FRS 102.

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

Basis of Accounting

The accounts have been prepared under the historical cost convention and in accordance with;

Going concern

The Trustees/Directors have prepared financial projections, taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the Charitable Company to continue in operational existence for the foreseeable future, and have adequate contingency plans in the event that income streams are reduced. Consequently the financial statements have been prepared on the basis that the Charitable Company is a going concern.

Depreciation

Depreciation is provided on all tangible fixed assets in use, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Freehold buildings - over 50 years
Office equipment - over 1 year
Fixtures and fittings - over 1 year
Motor vehicles - over 4 years

A full year's depreciation is charged in the year the asset is first brought into use.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturity of three months or less from the date of opening.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

14

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES (continued)

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Income and endowments

Other trading activities and investments

Rents and interest receivable are recorded in the financial year in which they are earned. Interest is received on the bank deposits.

Grants and other income

Grants from Government and Public Bodies are credited as income received in the period in which the conditions for receipt have been satisfied.

Local authority and Lottery grants

These grants are credited directly to the statement of financial activities (income and expenditure).

Income from donations and funding grants, is included in incoming resources when these are receivable, except as follows:

Expenditure

Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer-term liabilities. Expenditure attributable to more than one cost category is apportioned to them on the basis of the estimated amount attributable to each activity in the year, either by reference to staff time or the use made of the underlying assets, as appropriate. The irrecoverable element of VAT is included with the item of expense to which it relates.

Charitable expenditure includes all expenditure directly relating to the objects of the Charitable Company and costs are charged on the basis of the accruals concept, including irrecoverable value added tax where applicable.

Funds structure

Unrestricted funds consists of the general purpose fund and designated funds. Designated funds are funds established by the Trustees from time to time for specific purposes. They are not in any way restricted and any surplus or deficit will be transferred to/from the general purpose fund when the designated fund is closed.

The endowed fund shows monies received from the National Lottery Charities Board for the purchase of land and buildings to enable the Charitable Company to provide accommodation in line with its objectives. Incoming resources from endowed funds are treated as unrestricted.

15

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES (continued)

Pension cost

The Charitable Company makes contributions to personal pension schemes for employees. Contributions are charged to the SOFA for the year in which they are payable.

Unrestricted
Fund
£
2.
DONATIONS AND LEGACIES
Donations and covenants
£ 1,605
3.
CHARITABLE ACTIVITIES
James Reckitt grant
25,000
Hull University
2,964
Places for People management fee
46,346
Other
-
£ 74,310
4.
OTHER TRADING ACTIVITIES
Rental income
£ 1,832,981
5.
INVESTMENTS
Bank & other interest
6.
NET INCOME FOR THE YEAR
Net income for the year is stated after charging:
Auditor's remuneration
-
audit
-
other services		 Endowment
Funds
£
£ -
-
-
-
-
£ -
£ -		 Total
2023
£
£ 1,605
25,000
2,964
46,346
-
£ 74,310
£ 1,832,981
£ 12,985
2023
£
3,000
4,207		 Total
2022
£
£ 5,262
17,000
3,400
47,146
2,906
£ 70,452
£ 1,865,955
£ 3,151
2022
£
3,000
7,530

16

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Basis of
allocation
TOTAL RESOURCES EXPENDED
Costs directly allocated to activities
Staff costs
direct
Property insurance
direct
Property repairs and renewals
direct
Other property expenses
direct
Other operating expenses
direct
Depreciation and profit on sale
direct
Dilapidations
direct
Support costs allocated to activities
Staff costs
staff time
General office costs
usage
Legal and professional
usage
Depreciation
usage
Audit and accountancy
usage
Bank charges and interest
usage		 Charitable
activities
£
449,187
36,807
362,357
767,845
152,124
48,767
-
172,442
13,009
21,715
1,399
7,207
374
£ 2,033,233		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 Total
2023
£
449,187
36,807
362,357
767,845
152,124
48,767
-
172,442
13,009
21,715
1,399
7,207
374
£ 2,033,233		 Total
2022
£
508,312
40,395
237,856
743,278
160,735
41,624
110,000
117,663
17,546
10,615
1,399
10,530
952
£ 2,000,905

7. TOTAL RESOURCES EXPENDED

8. EMPLOYEE INFORMATION

The aggregate payroll costs of the Charitable Company for the period are as follows:

Salaries
Social security costs
Other pension costs
Average number of employees for the period
Services
Management and administration		 £
538,526
45,820
37,283
£ 621,629
16
3
19		 £
542,330
48,395
35,250
£ 625,975
16
3
19

During the year no employees were paid emoluments amounting to £60,000 or more.

The key management personnel of the charity, comprise the Project Director, Deputy Project Director, Administrator and Practice Manager. The total employee benefits of the key management personnel of the charity were £172,442 (2022 £160,607 comprising the Project Director, Administrator and Practice Manager).

17

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

9. FIXED ASSETS

Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022		 Land and
Buildings
£
2,424,867
282,109
2,706,976
788,146
50,166
838,312
£ 1,868,664
£ 1,636,721		 Plant and
machinery etc.
£
191,814
-
191,814
191,814
-
191,814
£ -
£ -		 Total
£
2,616,681
282,109
2,898,790
979,960
50,166
1,030,126
£ 1,868,664
£ 1,636,721

All fixed assets held are for charitable use.

There were no freehold property additions made from the endowed funds during the year. Under the terms of the endowed funds received from the National Lottery Charities Board (the board) the land and buildings acquired with those funds may not be disposed of, nor used as security for a loan or any other financial purpose without the prior written approval of the board. This restriction is in force for a period of 80 years from the date of acquisition. £1,700,906 of fixed assets relates to unrestricted funds and £167,758 to endowed funds.

10. DEBTORS

DEBTORS
Income debtors
Other debtors
Prepayments and accrued income		 £
-
53,156
42,413
£ 95,569		 £
7,973
45,561
2,318
£ 55,852

An amount of £6,710 (2022 £7,274) is included in the above in respect of debtors due after more than one year. All debtors relate to unrestricted funds.

11.

CREDITORS
Trade creditors
Other creditors
Accruals		 £
49,010
8,979
33,287
£ 91,276		 £
30,770
113,286
31,150
£ 175,206

All creditors relate to unrestricted funds.

18

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

12. ACCUMULATED FUNDS Opening Incoming Resources Closing
balance Resources expended Transfers balance
2023 £ £ £ £ £
Unrestricted:
General purpose fund 3,727,748 1,921,881 (2,031,873) - 3,617,756
Endowment fund - Lottery 169,118 - (1,360) - 167,758
Total funds £ 3,896,866 £ 1,921,881 £( 2,033,233) £ -
 £ 3,785,514
Opening Incoming Resources Closing
balance Resources expended Transfers balance
2022 £ £ £ £ £
Unrestricted:
General purpose fund 3,782,473 1,944,820 (1,999,545) - 3,727,748
Endowment fund - Lottery 170,478 - (1,360) - 169,118
Total funds £ 3,952,951 £ 1,944,820 £( 2,000,905) £ -
 £ 3,896,866
13. ANALYSIS OF THE CHARITY'S NET ASSETS BY FUND
2023 Fixed Assets Current Current
(charity use) assets liabilities Total
£ £ £ £
Endowment funds 167,758 - - 167,758
Unrestricted funds - general purpose fund 1,700,906 2,008,126 (91,276) 3,617,756
£ 1,868,664 £ 2,008,126 £ ( 91,276) £ 3,785,514
2022 Fixed Assets Current Current
(charity use) assets liabilities Total
£ £ £ £
Endowment funds 169,118 - - 169,118
Unrestricted funds - general purpose fund 1,467,603 2,435,351 (175,206) 3,727,748
£ 1,636,721 £ 2,435,351 £ ( 175,206) £ 3,896,866

19

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

14. TRANSACTIONS WITH DIRECTORS, TRUSTEES AND RELATED PARTIES

The project director, Peter Drinkell occupies the first floor of the Charitable Company's offices under a tenancy agreement at a market rate. During the year he paid rent to the Charitable Company amounting to £2,987 (2022 £3,031).

No remuneration, benefits or expenses were received by any directors or trustees during the year in respect of their services to the Charitable Company.

There are no other related parties or related party transactions.

15. CONSTITUTION

Doorstep of Hull is a company limited by guarantee, number 01940104. In the event of the Charitable Company being wound up, the liability of the members is limited to five pounds. The Memorandum of Association of the Charitable Company prohibits the distribution of any properties to members upon winding up or dissolution of the Charitable Company.

16. TAXATION

As a registered charity, Doorstep of Hull is exempt from the tax on income falling within sections 466 to 493 of the Corporation Tax Act 2010 to the extent that this is applied to its charitable objects. No tax charges have arisen in the Company.

17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period
Depreciation of tangible fixed assets
Profit on disposal of fixed assets
Dividends, interest and rents from investments
(Increase) / decrease in debtors
(Decrease)/increase in creditors
Net cash (used in) / provided by operating activities		 2023
£
(111,352)
50,166
-
(12,985)
(39,717)
(83,930)
£ (197,818)		 2022
£
(56,085)
44,523
(1,500)
(3,151)
47,999
134,827
£ 166,613

20

DOORSTEP OF HULL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES (continued)

ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
Total cash and cash equivalents
ANALYSIS OF CHANGES IN NET DEBT		 2023
£
1,912,557		 2022
£
2,379,499
£ 1,912,557 £ 2,379,499
ANALYSIS OF CHANGES IN NET DEBT
Cash At
01/04/2022
£
2,379,499
£ 2,379,499		 Cash-flows
£
(466,942)		 At
31/03/2023
£
1,912,557
(466,942)
£ (466,942) £ 1,912,557

18. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure) / income
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Fund
£
5,262
30,452
1,905,955
3,151
1,944,820
1,999,545
1,999,545
(54,725)
-
(54,725)
3,782,473
£ 3,727,748		 Endowment
Funds
£
-
-
-
-
-
1,360
1,360
(1,360)
-
(1,360)
170,478
£ 169,118		 Total
31 March
2022
£
5,262
30,452
1,905,955
3,151
1,944,820
2,000,905
2,000,905
(56,085)
-
(56,085)
3,952,951
£ 3,896,866

21

The following pages do not form part of the statutory accounts and contain unaudited information

DOORSTEP OF HULL

DETAILED TRADING ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Income
Rents
Donations
Other income
James Reckitt grant
Hull University grant
Places for People management fee
Bank interest receivable
TOTAL INCOMING RESOURCES		 2023
2022
£
£
1,832,981
1,865,955
1,605
5,262
-
2,906
25,000
17,000
2,964
3,400
46,346
47,146
1,908,896
1,941,669
12,985
3,151
£ 1,921,881
£ 1,944,820

22

DOORSTEP OF HULL

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

TOTAL INCOMING RESOURCES
Direct charitable expenditure
Night cover
Bad debts
General rates
Water rates
Heat and light
Insurance
Repairs and renewals
Health and safety compliance
Motor and travel expenses
Depreciation
Profit on disposal of fixed assets
Staff costs
Training
Telephone
Gardening and equipment hire
Fees including NBHA and Unicom
Cleaning, consumables and sundries
Miscellaneous expenses
Dilapidations
Administrative expenditure
Heat and light
Insurance
General rates
Water rates
Depreciation
Staff costs
Telephone
Printing, stationery and postage
Computer costs
Bank charges
Auditor's remuneration
Accountancy fees
Donations
Cleaning, consumables and sundries
Subscriptions
Legal and professional fees
TOTAL EXPENSES
NET OUTGOING RESOURCES		 2023
2022
£
£
£
£
1,921,881
1,944,820
74,240
70,348
21,780
40,895
46,706
57,247
27,801
30,031
253,369
192,893
36,807
40,395
362,357
237,856
7,290
7,639
26,710
24,249
48,767
43,124
-
(1,500)
449,187
465,368
2,820
900
17,184
14,559
5,216
10,312
385,471
430,787
49,282
22,008
2,100
2,145
110,000
1,817,087
1,799,256
1,831
881
150
943
1,355
347
232
1,399
1,399
172,442
160,607
569
3,153
6,501
4,500
1,074
1,620
374
952
3,000
3,000
4,207
7,530
489
1,653
551
4,002
704
-
21,715
10,615
216,146
201,649
2,033,233
2,000,905
£ ( 111,352)
£ ( 56,085)

23