DUThON MOORE Chartered Accountsnts Busines5 Adviserg HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111 MARCH, 2022 Registered Charity No: 529804 Aldgate House 1-4 Markei Aace Htsli HUI IRS T Ol482 326617 F. Ol4& 329863 . en0vinesoduttne.cO.uk
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) CONTEIYTS Report of the Mana8emeDt Committee Independent Examiner's Report Statement of Financial Activities Balance Sheet No1¢8 to the Financial Statemcnts Charitsble Payments
HESSLEWOOD CIllLDREN?S TRUST IItUlL SEAMEN'S AND GENERAL ORPHANAGE) REPORT OF THE MANAGEMENf COMMITTEE FOR THE YEAR ENDED 315t lARcH. 2022 Trustees Dr C. Woodyatt Mrs T. Caiey Mrs G. Munn Mrs D. Lidgett Mr D. Turner Capt. P. Watts Mrs D. Knox Mrs P. Glover Dr D.J. Bowes Rcvd CJ. Turn¢r Prof P. Draper Ms L. D&vis (Chainnan) (Hon. Tr¢asurer) Executive Commlttee Dr C. Woody< Mis T. Calcy ObJe¢tlYe8 8nd Activiti¢s In accordance wilh the Charity's schcmcs datcd 20, May. 1986 and I Ith April, 2017, the fijnds may be applied for thc rclicf of those in need and for thc promotion of education. B¢nefioiaries of the Scheme shall be pcrsons in need, hardship or distress who arc eiihcr.. (Chainnan) (Hon. Trcasurcr) (i) under the age of 25 and resident. or have parent(s) resident in either the fonner county of Humberside or in the district of G&insborough or Caistor in I,in¢olnshirc or are forn]er residents of ihc Hull Scam¢n's and Gcneral Orphanage. Preference shall be given to beneficiaries who are the children of seamen. In furtherancc of thc aims and objectives thc tn]stccs may pay for such item4, s¢rviLCS or facilities by way of donations or subscriplions to institutions or or8anisations whiLh providc or which undertake in return Éo provide $uch items, serviccs or facilities. The Trnslees considcr that the risks to which the Charity 15 exposcd not of material significance. (li) Publlc Benefit The Tru8t¢es confinn that they have carried out their duties under Section 17{5) of the Charities Act 2011. The Tntstee5 apply the incorne lo a wide range of charitable purposes. Achievements And Performallce t)uring thc year the tNStc¢s havc madc donations totalling £68,921 (2021.. £73,019) to various ch8rit8ble caus. They believc that the amounls dLStribulcd have bcen nf great b¢ncfLt to thc charitics ¢hoscn in their work in the wider community and to the individuals in tLecd of rclief or educ&tion. Flnancifdl Position and Future Activitieg Thc financial position of the Charity is a strong on¢ with net assets at 31Bt March. 2022 amounting to £3,659,630 {2021- £3,449,826). Total incom¢ during the year amounted to £94,826 {2021- £84,506). of which £36,510 (2021- £33.975) wa5 applied to management cxpense5 of the Charity leaving a balance of £58.316 (2021- £50,531).
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENE114L ORPHANAGE) REPORT OF THE MANAGEMENT COmMIEE FOR THE YEAR ENDED 31" MARCI4 2022 (cowfINuED) Financigl Position and Future Aelivities (contlnued) The result for the year As increased by th¢ reah'sed gaiLs on sales of investments £57,793 (2021- £73,032) and illcreased by the unreaiised gains in thc value of investmcnts of £162,616 (2021- £500.240). The Charity inlcnds to continue in)plemffliting its aims and objectives as sel by the governing document for the forthcoming year. Trustees, responsibillties in relation to the flnancial statements The charity trustees are responslble for preparing a iTus¢ces' report and financial statemcnts in accordance with applicable law and United Kingdom Accounting Standarth (Unitcd Kingdom Gencrally Acc¢pd Accounting Pr4Ctice). The law applicable to charitics in En8laDd and Wales requircs the charity trustees to prepare financial Stalements for each year which 8ive a tTue and fair view of the sta of affalrs of the charity and of the incomin8 resources and applicats'on of resoutces, of the charity for that period. tn preparing the financial 5tatemcnts. the trustees are required to: select suitable accouniing policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make judgements and ¢stimates that are reasonable and prnd¢nt; State whcther applicable accounting standards hav¢ bcen followed, subjcct to any rnaterial dcparttjres disclos¢d and cxplained in th¢ financial statements- preparc the financial statements on the going concern basis unless it 18 inappropriate to presume that the charity will continuc in business. The trustees att responsible for k¢eping proper accounting records that disclose with reasonable accuracy at any time the financtal position of the charity and to cnable them to ensure that the financial staternents comply with th¢ Charities Act 2011, the applicable Charities (Accounts and Reports) Regulation5, and the provisions of thc TTUSt deed. They are a150 responsible for safeguarding the assets of the charity and takin8 T¢asonable stq)s for the prevention and detection of fraud and other irregularities. Appolntment and TraiTJing ofTrust Ncw trustees are appointed on the recommendation of an existin8 trustee and with the approval of the trn$lees' meeting. All necessary traiuing and guidance is given by the ex¢tive comDllttee and the other truslees. The tswstecs are not subject to periAlC rctiremcnt or re<lection. Brd of Mgnagement Trn$t Ai the At]nual General Meeting a Board of Truste¢s shall be el¢cted. Additional or alternative appointments may be made at an Extraordloary General Mccting. It shall consist of not IS than five members one of whom shall be the Vicar of Hessle for the time being and one shall be a representative of Trinity Howe Hvll. The Board shall have the power to co- opt members. It shall meet at least twice per year {nomllY March and (ktober). Additional meetings may be hcld, if necded.
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) REPORT OF THE MANAGEMENf COMMITTEF. FOR THE YEAR ENDED 31° MARCIL 2022 (CONTINUED) Policies The Trustees regard the whole of the income as available to meet the objects of the trust. There is no intention to build up reserves. In this connection, profits (and losses) on the sal¢ of investments are not regarded as income, how¢Ycr, although the Charity's govcrning dllments allow both th¢ income from investments and the investhients themselves to be applied for thc aims of thc tru51 Donetheless the tntstees considerthe iDveslment portfolio to be held in thc nature of a singlc permanent endowment. The investments are actively mgna£ed on the advice of stLKkbrokers with a view to preserving the real value of the funds whilst at the same time maintainin8 the incorne available for charitable purposes. All donations lo be made ate approved at the regulgr meetillgs of the trustees. Charity Registration The organisation is reStered as an unillcorporatcd Charity - No. 529804. was forn]ed on 2 May, 1986 and is govern¢d by a Charity Commission Schem¢ of thal dale, as revised by a further Chanty Commission Scheme cffe¢tivc from I l April. 2017. Admlttlitr4don The day lo day administration and long t¢rni platining of the organisation is the rcspoDsibilily of thc principal officers and ¢x¢cutive ¢ommitte¢. Trustees The truslecs are listed on page l of thesc accounts. .8eer¢tary CorMpoDdeDce Addre88 #nd Prineipll Office Mr5 L. BullocK 62 Thc Meadows. Chcrry Burton. Fast Yorkshir& HU17 7SD. Stockbroken Barclays Wealth Managern¢nl. Barclay5 House. S St. Ann's Strcct, Quayside. Newcastlc upon Tyne, NEI 2BH Bankers Barclays Bank Plc, 18 Cottingham Road, Hull. HU6 7RB. Solieiton Graham & RoseAL 8 Parliament StreeL Hull, HUI 2BB. Independeni Examiner A.R, Bullock Esq. Dulton Moore. Chartered Accountants, Aldgate House, 14 M2rket Place. Hull, HUI IRS Signed for and on behalf of the tNsteeg C. Woodyatt- Chairnlan Hull: I November, 2022
REPORT OF THF. INDEPENDEIYT EXAMINER TO THE TRU.STF,ES OF HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) ON THE ACCOUNTS FOR THE YEAR ENDED 31" MARCH, 2022 CHARITY NUMBER 529804 l TepoTt on the accounts of the charity for tbe year ended 31" March, 2022 which are 8et out on pages 5 to 9. Rospective responsibilitie8 of trustees and examiner The charity's trustee8 are responsible for the preparation of the accounts. The charity's trnstees Consider that an audit is not rcquired for this year under sectlOD 144 of thc Charities A¢t 2011 ('tthe Charities Act") and that an independent examination is needed. It is my re8ponsibility to.. examine the accounts under section 145 of the Charities Acl to follow the procedures laid down in the General DiTCCtions given by the Charity Conmiission under 5ccIioll 145(5)Ib) of the Charities Act,. and to stale wheth¢r particular mat¢ers have ¢ornc to my attcnlion. Ba515 of independent exlmlner's r¢port My cxamination was ¢arricd out in accordancc witli the General Dir¢clions given by thc Chari¢y Commii+SiOn. An examination includes a review of the &L'Lountin¥ records kept by the charity and a comparison of the accounts presented with those re¢ords. It also includes consideration of any unusual items or disclosures in the accounts, and th¢ secking of ¢xplanations from the truslecs conccrnin8 any such matters. The proccdures undcrtaken do not providc all thc ¢videncL that would be rcquircd in an audit and, consequently no opinion is 8ivcn as to wheihcr the aLcounts prcsenl a 'tThe and fair view, and the report is limited to those matter sei out in the slaternent below. Indep¥ndent exgmlner'8 $t&tem¢nt In connection with my cxamination, no matter has corne to my attention.. which V¢S me reasonable cause to believe that, in any material re.8pect, the requirernenls: to kecp accounling records in accordancc with Seelinn 130 nf the c.harities Act. and to prepare accounts which accord with Ihe accounting records and to comply with the accounting requtrements of the Charitierl Act havc not been Tnel. 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reachcd. A.R. Bullock FCA Independent Examiner Dutton Moore Aldgate Housc 14 Market Place Hull HUI IRS Dated.. ioth November, 2022
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3151 MARCH, 2022 Note 2022 2021 Incoming resources Income 2nd endowments Investment income Donations 90,159 4.667 84,506 Total incoming resources £94.826 £84,506 R0ree$ expended Direct charitable ¢xpenditur¢ Charitable payments (page 9) 68.921 73,019 Inv¢$tment management costs Stockbrokcr's f¢cs 25,376 23,020 Govern*nce costs Meetin8 exnseS Secretarial cxpen Aceountancy Sundry expens¢s 179 7.500 3.420 35 7.5fX) 3,420 35 11,134 10,955 Total resourt¢s expended £105,431 £106,994 Net deficit before investment gains (10,605) (22,488) Gain8 on Investment asyets during the year Realised Unreali5ed 57,793 162,616 73,032 500,240 220.409 573.272 Net movement in fund 209.804 550.784 Totsl unrestricted fimds brought forward at 1° April, 2021 3.449,826 2.899,042 Totsl unrestricted fiaS ¢aTrI forward at 31" March. 2022 £3.659,630 £3,449.826
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) BALANCE SHEET- 31" MARCH. 2022 Note 2022 2021 Ffixed aets Listed investments 3,433.572 3,260,459 Current Sets Balances with bankers Cash with stockbrokers 166,075 69,707 150.522 48,262 £235,782 £198,784 Current li4bilities Creditors £9.724 £9.417 Net current aets 226,058 189,367 Net assets £3,659,630 £3,449,826 Representing Unrcstricted Main fund 3.659,630 3.449.826 P¢r page 5 £3,659,630 £3,449,826 Signcd for and on behalf of the trustees C. Woodyatt - Chairman Hull: 10 November, 2022
HES8LEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENERAL ORPHANAGE) NOTES ON THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH, 2022 Principal Aceounting Policies:. Basis of accouutiug These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othenvise stated in the relevant notes thes¢ accounts. The accounts have been prepared in accordancc with the Statement of Recornmended Practtce: Accounting and Reporting by CharAti¢s preparing their accounts in accordance with the Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) issucd on 16 July, 2014 and with the Charities Aci 2011. The charity constitutes a public benefit entity as defined by FRS 102. Investment ineome Dividellijs rcceived and bank intercst ar¢ account¢d for whcn receivable by the Charity. Charitable paym¢nts Charitable payments are accounted for when 8pproved by the trustcc$. Other income and expenditure costs are accounted for on an accruals basi5. Due to the naturc and structure of the Charity. th¢re arc no support Costs and all payments other than charitablc payments are regardcd as being rolated to th¢ governance of the Charity. Taxation As a iegister¢d Charity, the ChaTity is exempt from income tax and capital 8ains tax. Investments held as fjxed assets a valued at their mid-markct valuc by thc Trusts, stockbrokers. Mov¢mcnts in their value during thc ycar havc been adjusted thmugh the Statement of Financial Activities in accordancc with the Statement of Recommended Practice. Going eon¢ern The goin8 concern basis of accountin8 has been used in view ofthe financial strength of the cknty. Investments 2022 2021 Quoted investments at market value £3,433.572 £3.260.459 Historical cost £2,863.468 £2,852.971 Although the Charity's governing documents allow both the income from investments and the investments themselves to be applied for the aims of the trtL nonetheless thc tystces considcr the investmcnt portfolio to be hcld in the nature of a perman¢nt endowment.
HESSLEWOOD CHILDREN'S TRUST (HULL SEAMEN'S AND GENEIL4L ORPHANAGE) NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" MARCH, 2022 (CONTINUED) Jncome All of the income generated is used for the purpose of meeting the objects of the Trust. None of the expenditure relates to the raising of funds. Creditors 2022 2021 Accountancy stockbroker.s 3.420 6.304 3,420 5,997 £9,724 £9,417
HESSLEWOOD CHILDREN'S TRUST (HULL SE*[EN's AND GENERAL ORPHANAGE) CIIARITABLE PAYMEKrs 31" MARCIL 2022 For Edueation: Asthma Relief Cat Zero Cauldwell Childrens Centre Douglas Bader Foundation Eternal Benefit Family Holiday Association Fulfil the Wish Happy Day5 Ktds Yorksbire Lincoln University Ncwlifc Charity Purple Ilome Nursery Sced Slc Production Si Ann's School St Flilda's Brownie Pack St James Primary School Si Johns Pre School Tall Ships Teenage Cancer Trust Univer51ty of Hull Women5 Aid 1.000 2,(100 ,000 720 1,000 2,000 1,000 4.000 2.000 1,600 1.000 750 800 1,850 1,500 1.000 15,000 1,500 44,720 Payments to or on behalf ofspecific individuals: For education For Telief in need 24,201 24,201 £68,921