DUThON MOORE Chartered Accountants Ousine5s AdviJers HESSLEWOOD CHILDREN'S TRUST IHULL SEAMEN'S AND GENERAL ORPHANAG FINANCIAL sTATEME[s FOR THE YEAR ENDED 3] MARCH, 2021 Regist¢r¢d Charity No.. 529804 Al@31e Hoe 1-4 Markei Pkce Hull HUI IRS T. 01482 326617 F. 01482 329863 erKJuiFEsOduttonftKK*e.co.uk
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANA CONTENTS Rewrt of the Managerncnt Commi Independent Examiner's Rewrt Ststement of Financial Activities Balance Sheet Notes to the Financial Ststements Charitable Payments
HESSLEWOOD CHILDREN'S TRUST (HUII SEAMEN'S AND GENERAL ORPHANAG REPORT OF THE MANAGEMENT COMMTrrE FOR THE YLiR EM)ED 31st MARCH, 2021 Trustees Dr C. Woodyatt Mrs T. Caley Mrs G. Munn Mrs D. Lidgett Mr D. Tumer Capt. P. Watts Mrs D. Knox Mrs P. Glover Dr D.J. Bowes Revd G. Tumer Prof P. Draper Ms L. Davis (ChaArn)an) (Hon. Treasurer- appointed 19° November, 2020) (appointed 25 June, 2020) (appoinled 22 October. 2020) (appointed 22 October, 2020) Execytive Commlttee Dr C. Woodyaii Mrs T. Caley (Chaiman) (Hon. Treasurer- appointsl 19 Novcmber, 2020) Objectlves and Activilies In &ccordAn¢c with the Charity's sch¢mes dated 20, May1986 and I l April. 2017 for the relief of those in need and for the promotion of education. Beneficiaries of the Scheme shall be persons in need. hardship or distress who ar¢ under the a8¢ of 25 and resident, or hav¢ parcnl(s) resident in eithe the fornier county of Humberside or in the district of Gainsborough or Caistor in Lirtcolnshire are fomier residents of the Hull Seamen's and General Orphana8e. Preference shall be given to beneficiaries who are the children of seam¢n. In furtheronce of the aims and objectives the trustees may pay for such items, serviFes or facilili¢s by way of donations or subscriptions to institutions or organisations which provide or whiFh und¢rtak¢ in return to provide such items, seryices or facilitics. the funds may be applied ither. Tlie Trubi¢¥¥ wn¥l(l¢r thai th¢ rlsks to whlch the Charfty 1$ ¢xpos¢d are not ofma Public Benefit The Trustees confim) that they have Carried out their dutie5 und¢r Section 17(5) 0 The Trustees apply the in¢omc to a wide range of ch8ritable PUTPOSCS. 181 signifi¢an¢e. e Charities Act 2011. Aehlevements And PerfornbAllce During the year the truses have made donations lothlling £73,019 (2020= £69.79 causes. They beli¢v¢ that th¢ amounts distributed hav¢ been of great benefit to the work in the wider community and to the individuals in need of relief or education. ) to various charitable harities chosen in their Financial Po$i¢ion XDd Future Activitie8 The financial position of the Charity is a strong one with net &ss¢ts at 31 M. rch. 2021 amounting to £3.449.826 (2020- £2,899,042). Total income during the year amounted to £84,506 (2020 _ £116,859). of which £33.975 (2020 - £32,482) wa$ applied to management exp¢ns¢s of the Charity leaving a balan¢¢ of £50,531 (È020 - £84.377).
HESSLEWOOD CHILDREN'S TRUST (ItUlL SEAMEN'S AND GLNERAL 01HANAG REPORT OF THE MANAGEMENT COMMITTE FOR THE YEAR ENDED 31" MARCI£ 2021 (CONT D) Financial Positioll and Fyture A¢tivitie5 (continued) The rcsult for the year is increased by the realised gains on sales of investments increascd by the unrealised gains in the value of investments of £500.240 (2020- The Charity intcnd5 to continue impl¢mentin8 its aims and objectives as set do for the forthcoming year. 3,032 (2020 - £97.315) and ss £527.112). by the governing document Tru$l¢e5' reJponsibilities in relation to the fin&ntl21 8tstem¢ts The charity trustccs are responsible for preparing a trustecs. rcEK)rt and financ with appli¢able law and United Kingdom Accounting Standards (Uni*d Ki Accounting Practice). I statcments in accordance gdom Generally Accepted Th¢ law applicable to charities in England and Wales r¢quires the charity statements for each year which give a true and fair view of the state of affai incoming resources and application of resources, of the charity for that peri statements, the trustees are required to: stees to prepare financial s of the charity and of the In prerin8 the financial select suitable accounting rA)li¢ies and then apply them consislently: observe the methods and principles in the applicable Charities SORP; mAke judgements and estimates that are reasonable and prudent; state whether appli¢8ble accounting standards have been followed, subjec disclosed explained in the financial statements: to any material departures prepa the financial statements on the 80in8 concern basis unless it is inappropriate to presume that the charity will Continue in business. The trustees are responsible for kxping PrOr accounting records that disclose with reasonable accuracy at any time the financial FQSition of the charity and to ¢nabl¢ th¢m to ensure that the financial statements comply with the Charities Act 201 l. the applicable Charities (Accounts and R¢ports) Regulations, and the provisions of the Trust d¢¢d. 'I'hey are also responsible for safeguarding the assets ofthe charily and tsking a.sonable steps for the preventTnn and detectinn Df fraud and other irregularities. Appointment 4nd Training ofTrn8¢ee8 New trustees are appointed on the recommendation ofan existingtrustee and with meeting. e approval ofthe trustees, All necessary tralning and guidance 1$ giv¢n by th¢ ex¢cutiv¢ ¢ommiti¢e and the olher trustees. The trustees are not subjert to pericmjic retirement or re-election. Board of Management Trustees At the Annual General Meeting a Board of Trustees shall be elected. Additional or aliemativ¢ appointments may made al an Extraordinary G¢n¢rnl Meeting. It shall corksist of not less than five members one of whom shall be the Vkar of Hessle for the time being and one shall be a representative of Trinity Hous¢ Hull. The Board shall have the p)wcr to co- opt members. It shall meet at least ti¥ice pery¢ar (nomially March and October). Additial meetings may be hel if needed.
HESSLEWOOD CHILDREN'S TRUST ruLL SEAMEN'S AND GEY4ERAL ORPHANAG REPORT OF THE MANAGEMEwf COMMITTE FOR THE YEAR ENDED 31" MARC&L 2021 (CONT D) Polici The Trustees r¢gard the whole of the income availabl¢ to meet the objec intentiork to build up reserves. In this connection. profits (and losses) on not regarded income. however, although the Charity's governing docum from investments and the investsnents themselves to be applied for the a the tru5tee5 consid¢rthe investment portfolio to b¢ h¢ld in th¢ nature of a sin of the trnst. Thcrc is no e sale of investsnents are ts allow both the incom¢ of the trusl nonetheless e pernjanent ¢ndowment. The investments are actively managed on the advice of stockbrokers with 8 value of the funds whilst at the same time maintaining the income available iew to preserving the real or charitable purpose5. All donations to be made are approved at the regular meetings of the trust¢¢ Charity Registratlo The organisation is r¢gistercd as an unincorporated Charity - No. 529804. was fo ed on 20 May. 1986 and is govemed by a Charity Commission Schcme of that dale. as revised by a furth'cr Charity Commission Scheme effective from I l April, 2017. Admlnl8tr*tlon The day to day administration and long temi planning of th¢ or8anisation is the responsibility of the principal officers and executive MMittee. Trusteeg The trustees Are listed on page l of these accounts. Secrelary CorrupoDden¢e Addre88 and PrllldpAI Oftlte Mrs L. Bullock, 62 The Meadow& Cherry Burton, East Yorkshire, HU17 7SD. Stockbrokers Barclays Wealth Managem¢nt. Barclays House, 5 St. Ann's StreeL Quaysid¢, Ncwcastle un 'l'yne, NEI 2BH B4nkers DarGlays D)k PIG. 18 Coltinsham RO Hull. HU6 7RB. Solicltors Graham & Rosen, 8 Parliament StreeL Hull, HUI 2BB. Ind¢peDdent Examiner A.R. Bullock E4. Dutton Moore, Chartered A¢¢ountants. Aldgate House, 14 Mdet Place, Hull. JI IRS Signed for and on behalf of the trustees C. Woodyatt. Chairnlan Hull.. 4tb November 2021
REPORT OF THE INDEPENDEIYT EXAMtNER TO THE TR HESSLEWOOD CHtLDREN'S TRUST IHUiI SEAMEN'S AND GEN ON THE ACCOU[S FOR THE YEAR ENDED 31° MAR CHARrrY NUMBER 529804 STEES OF RAL ORPHANAGE) H, 2021 I report on the CoUnts of the charity for th¢ yw ded 31 Marc14 2021 which set out on pages 5 to 9. Respective re8ponslbllltiey of trustees 2nd eilmioer The charity's trustees are responsible for the preparntion of the accimmts. Th¢ an audit is not required for this year under section 144 of the Charities Ad 2011 ( an independent examination is need. ity's trustees consider that e Charities Act") and that It is my responsibility to- ¢xamine the accounts under s¢rtion 145 of th¢ Charities ACL to follow the procedures laid down in the G¢n¢ral Directions given by th section 145(5Xb) of the Charities Act" and Charity Commission under to 51ate whether particular matters have ¢om¢ to my att¢nlion. Bagi$ of Ind¢penden¢ examlner'g report My ¢xamination was carried out in accordanc¢ with th¢ General Directions given y the Charity Commission. An examination includes a review of the accounting records kept by the chari and a comparison of the accounts pre5cnted with those records. It also includes consideration of any unus l items or disclosures in the accounts, and th¢ s¢¢king of cxplanations from the trustees concerning any su matters. The procedur¢s undertaken do not provide all the evidence that would be required in an audii and. consequently no opinion is given as lo whether the accounts present a 'tru¢ and fair view. and thc report is li ited to those matter set out in the stalem¢nt below. Independent examiner'8 Jlatement ID conn¢aion with my examination. no matter has come to my attention.. which gives me reasonablc cause to believe thal in any matsrial respe¢L t e r¢quir¢ments: to keep ac£ountin8 records in accordance with section 130 of the harities Act- and lo prepare accounts which accord with the accounting r¢cords and to Comply with the accounting rcquirem¢nts of th¢ Charities Act have not been met. 2. to which, in my opinion, attention should be drawn in order to enable a acwunts to be reached. roper understsnding of the A.R. Bullock FCA Independcnt Examiner Dutton Moore Aldgate House 14 Market Place Hull HUI IRS Dated.. 4th November 2021
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANA E) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31" MARCH, 2021 Note 2021 2020 Incoming resources Income alld endowments Inveslm¢nt income 84.506 116.859 Total incoming r¢sources £84,506 £116,859 Resour¢es expended Direct Charitable expenditure Charitable payments (page 9) 73,019 69.795 Investment mwnvdgement costs Stockbroker's fees 23,020 19,767 Governance cogts Meeting expenses Secretarial expenses Legal Accouniancy Trustee's fee Sundry expenses 160 7,500 600 3,360 1,000 95 7,500 3,420 35 10.955 12.715 Total resources expend¢d £106.994 £102.277 Net (deficit)lincom¢ before inveslment gain$ (22,488) 14,582 Gains/(losses) on inveJ¢ment a88ets during th¢ year Realised Unrealised 73.032 500240 97,315 (527,112) (429,797) 573,272 Net movement in fund 550.784 (415,215) Total unrestricted funds brought forward at I, April. 2020 2.899,042 3,314,257 Totsl unrestricted funds carried forward at 31° March, 2021 £3.449,826 £2,899,042
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANA BALANCE SHEET_31 MARC 2021 +1 Not¢ 2021 2020 Fixed Jssets Listed investments 3260.459 2,747,771 Current assets Balances with bankers C&sh with stockbrokers 150.522 48262 154.684 9.660 £198.784 £164.344 Current li8bilities Creditors £9,417 £13,073 Net Current assets 189,367 151,271 Net assets £3,449.826 £2.899,042 Representing Unrestrithed Main fund 3.449,826 2,899,042 Pcr page 5 £3.449,826 £2,899,042 Signed for and on behalf of the trustees C. Woodyatt- Chaimian Hull: 4 Nov¢mber 2021
HESSLEWOOD cLDREN's TRUST (HULL SEAMEN'S AND GENERAL ORPHANA NOTES ON THE FINANCIAL STATEMENT FOR THE YEAR ENDED 311t NtARCH, 2021 E) Principal Ac¢ountittE Policies:. Basis of ac¢ounting These accounts have been prepared under thc historical ¢ost convention or transaction value unless otherwise stated in the relevant notes to the ith items rccognised at cost accounts. The accounts have been prepared in accordance with the Statement Accounting and Reporting by Charities preparing their accounts in a Reporting Standard appli¢ablc in the UK and Republic of Ireland (FRS and with the Charities Act 2011. f Recommended Practice.. rdance with the Financial 02) issued on 16 July. 2014 The charity constitutes a public benefit entity &s defined by FRS 102. Investmenl income Dividends received and bank interest are accounted for when receivabl by the Charity. Cbaritable payments Charitsble payments arc accounted for when approved by the trnstees. Other income and exp¢ndityre costs are accounted for on an accruals basis. Due to the nature and structure of the Charity, there are no support costs and all payments other th8n charitable payments are regarded as being related to the governance of the Charity. Taxation As a registered Charity, the Charity is cxempt from income tsx 8nd capital gains tsx. Investments held as fixed assets are valued at th¢ir mid-market valul by the Trusts, stockbrokers. Movements in their value during the year have been adju5t¢d through the Statement of Financial Activities in accordanc¢ with the Sthtement of R¢cornmended Praclicq. Going concern The going concern basis of accounting has been used in view of th¢ fi an¢ial strength of the charity. 2020 Investments 2021 Quoted investments at market value £3.260,459 £2,747,771 Historical cost £2,852.971 £2.840,523 Although the Charity's governing documents allow both the inco investments themselves to be applied for the aims of the trust. nonet investment FK)rtfolio to be held in the nature of 8 FKrn13nent endovmi from investtnents and the cless the trustees consider the nt.
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANA E) NOTES ON THE FINANCIAL STATEMENT FOR THE YEAR ENDED 3111 MARCH, 2021 (CONTI ED) Income All of the income generated is used for the PUT[X) of meeting the objec expenditure r¢lates to the raising of funds. of the Trust. None of the Creditors 2021 2020 Accountancy Stockbrokers Other ¢reditor 3,420 5.997 3,360 4,963 4,750 £9.417 £13.073 Trustees Remuneration and Expen8eJ Mr P. Evans, a fornier trustee, is an associate solicitor with Messrs Grabam and Roscn who act as solicitors for the trust. That fimi has charged £Nil (2020 - £600) for its gerviccs covering the year. Mr D. McGarry, a fomier trustee. has bccn ld £Nil (2020- £1.000) fo¢ his services as treasurer.
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANA CHARITABLE PAYMENTS 315t MARCEL 2021 For Educatlon: Andrew Marvell Youth Centre Annabel work Asthma Relief Cat Zero CF Holiday Fund George Martin Trust Driffield & District skate park Happy Days Hinge Centre Hull University Jamcs Robertson Kids Yorkshire Label of Love Lincoln University New Life Panathalon Foundation Read for Good Rotary Club SEEA She Productions St Andrews Hospice St Cuthbcrts St George Month Trust Tall Ship5 The Roaring Girls Whiyx Kids 1.000 1.000 2,000 2,000 1.000 (200) 500 4,000 1.000 15.000 ,000 2.000 550 6.000 1,000 1,500 2,000 1,750 1,000 3,000 500 30 1.200 500 ,000 51,330 Payment8 to or on behalf of Specific individuals: For education For relief in need 21.689 21.689 £73,019